Cryptocurrency, Investing, Money, Economy, and Debt:
Fed Looks Ready for Another Rate Hike
The Federal Reserve appears to be on a path to raise interest rates by another 0.75 percentage point this month in the wake of Chairman Jerome Powell’s public pledge to reduce inflation even if it increases unemployment.
Liz Truss Inherits an Economic Nightmare
Britain’s economy, rendered fragile and brittle by Brexit, has proved incapable of withstanding the twin scourges of the pandemic and energy price inflation. The result is a historic economic implosion.
The Bank of England predicts that inflation will hit 13% this quarter. GDP will also turn negative this quarter, the Bank says — and will then stay negative through every quarter of 2023. After that, in 2024 and onwards, growth is projected to be ‘very weak by historical standards.'
In related news, New UK leader Liz Truss finalizes huge power subsidy plan
Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says
Coronavirus News, Analysis, and Opinion:
China’s COVID-19 Stagnation Has No End in Sight
The endless cycle of lockdowns will likely lead to long-lasting political and economic consequences.
Nearly 8 million kids lost a parent or primary caregiver to the pandemic
Politics:
Jair Bolsonaro Already Declaring Election Rigged
Bolsonaro had summoned tens of thousands of his supporters to this city’s signature Copacabana beach Wednesday to protest what he insisted was a rigged vote.
Never mind that the election hasn’t actually taken place yet.
For months, Bolsonaro has been preempting his own expected loss in October’s presidential vote by borrowing from the playbook of former President Trump, whom he describes as his ‘idol’ and with whom he shares several political advisors.
He has repeatedly criticized the integrity of Brazil’s voting system and has suggested that he may not accept the results of the election, which most polls predict he will lose decisively in a runoff with former President Luiz Inacio Lula da Silva, known as Lula. Brazilian election officials and foreign governments including the United States insist that the voting system is sound. But Bolsonaro appears to be readying himself for a fight.
Putin’s Misleading Sanctions Claims Clash With Kremlin’s Own Economic Scenarios
Michigan GOP Leaders Encouraged Rule Breaking
While volunteer partisan observers have always been trained by political parties and non-profit groups in Michigan, the Wayne County GOP had also invited poll workers — people hired and paid by the local clerk’s office. They are in charge of running the election, and their responsibilities can include checking voter IDs, counting ballots, and even securing voting equipment at the end of the day. Poll workers are required to engage in non-partisan training overseen by the local clerk and are only identified as Republicans for the purposes of making sure there is equal representation of both major parties working the election, according to the Michigan Bureau of Elections.
During the Wayne County training call, obtained by CNN, the presumption that Democrats cheat — thus justifying Republican rule-breaking — permeated the discussion. It offers a snapshot of one of the ways Trump-backing, MAGA-minded conspiracy theorists are intervening in the election process across the country, sometimes encouraging poll workers or volunteer observers to violate election rules in hopes of finding evidence that Democrats might be doing the same.
It’s an approach election experts fear could spur chaos and conflict in November’s mid-term elections and in 2024.
US bars ‘advanced tech’ firms from building China factories for 10 years
The Weakness of Xi Jinping: How Hubris and Paranoia Threaten China’s Future
J.B. Pritzker Will Gladly Be the Democrats’ Flamethrower
“Let me analogize this to the early days of the end of the Weimar Republic.”
Trump Declares Himself a ‘Perfect Physical Specimen’
Well, sure, that’s what a steady diet of McDonald’s does.
Ilhan Omar takes aim at Ted Cruz over plan to block student debt relief: “Miserable little weasel”
What’s Happening At Ukraine’s Occupied Nuclear Plant?
Serendipity:
It’s not just the pandemic. For citizens of a wealthy country, Americans of every age, at every income level, are unusually likely to die, from guns, drugs, cars, and disease.
