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That’s the lowest annual increase registered since June 2021 and a far cry from the 11.8% increase registered in December 2022. Overall food prices were up 0.2% on a monthly basis, matching the rate of increase seen in November, CPI data shows. Eggs and ham prices went up the most in December as compared to other food categories tracked in the CPI. Ham prices rose 2.6% for the month (2.9% excluding canned ham), BLS data showed. The latest Consumer Price Index showed that grocery prices rose only 1.3% for the year ended in December.
Persons: New York CNN —, Bill Adams, chow, Wendy Edelberg, Ash Organizations: New, New York CNN, Bureau of Labor Statistics ’, Comerica Bank, CPI, The Hamilton Project, Brookings, CNN, Bloomberg Locations: New York, Ham, United States
Economists were expecting the annual overall inflation rate to tick higher, to 3.2% from the 3.1% headline reading the month before, according to FactSet consensus estimates. Despite the acceleration, the annual rate of consumer-level inflation is down considerably from December 2022’s rate of 6.5%; additionally, a closely watched measure of underlying inflation slowed further. In December, core goods prices were flat, an apparent stalling out after six months of declines. Rising shelter costs have kept core services elevated. The central bank has a target inflation rate of 2%, as measured by the Personal Consumption Expenditures price index, which has its latest reading due out later this month.
Persons: , ” Wendy Edelberg, ” “, , Brian Coulton, Fitch, ” Scott Anderson, Jerome Powell, Joe Brusuelas, Organizations: New, New York CNN, of Labor Statistics, BLS, The Hamilton Project, Brookings, CNN, Federal, BMO, CPI, PCE, RSM Locations: New York, November’s
After the first few songs — including rousing, singalong renditions of “Big Yellow Taxi” and “Raised on Robbery” — a recognition seemed to ripple through the crowd: Mitchell’s voice had grown even stronger, richer and nimbler in the year since those Newport videos went viral. In that previous performance, Carlile had often guided Mitchell or taken on lead vocal duties herself. But at the Gorge, Mitchell was once again in control. Mitchell held court in pigtail braids, chic sunglasses and a floral silk shirt that billowed in the canyon winds. Part of any Joni Jam is not just singing with Mitchell, Carlile told the crowd, but singing for her.
Persons: , Carlile, Mitchell, Concertgoers, — Mitchell, Joni Jam, Mitchell’s, Sarah McLachlan, ” Annie Lennox, Wendy Melvoin, Lisa Coleman, ” Melvoin, Prince, Lisa, Joni Organizations: Newport Locations: Japan, San Francisco, Saskatoon, Saskatchewan
In that instance, S&P Global Ratings credit rating agency downgraded the government from AAA to AA+ credit rating. The federal government maintains a perfect credit rating from Fitch and Moody’s, but that could change as the stalemate drags on. Investors care about stability and predictability, so a credit rating downgrade would send a chill down Wall Street’s spine. The broadest economic impact of a US debt default would be a recession that would encompass the global economy, including sharp job losses. And the housing market would not be spared by the “economic calamity” of a US government default, as Yellen once described it.
CNN —From statehouses to the presidential campaign trail, Republicans are escalating their political attacks on transgender people – a reflection of what they see as a cultural fight their base is eager to wage. And in recent days, those attacks have turned into new forms of mockery and political retribution, as Republicans seek to turn transgender rights into a flashpoint by seizing on social media controversies and exercising their rule-making power in statehouses where they hold large majorities. “A lot of young trans people are worried that their medication is going to get pulled,” she said of legislation targeting health insurance coverage for gender-affirming care. Transgender rights activists protest outside the House chamber at the Oklahoma State Capitol in Oklahoma City on February 6, 2023. That is not a transgender person,” Haley said of Mulvaney as the crowd nodded.
New York CNN —Election lies lead to election violence. And, like in the US, the warning signs were apparent for some time, with election deniers mobilizing on social media ahead of the attack. “We did see this coming,” Wendy Via, the president of the Global Project Against Hate and Extremism, told the Associated Press. I say 100%, because it’s the same playbook.”That playbook is one of information warfare, where a propagandistic media machine is wielded to disseminate lies casting doubt on unfavorable election outcomes. This can have a devastating effect swaying public opinion, especially in our modern society where lies quickly go viral on social media and trust in mainstream institutions has weakened.
The Artemis I mission took a different, less direct route toward the Moon compared to the 1969 Apollo 11 mission. The Artemis I lengthier trajectory is not proof of inferior technology, nor is it proof that space travel is a hoax, despite claims made online. Social media users shared a meme claiming to show the number of days it took for the Apollo 11 spacecraft to reach the Moon compared to the November 2022 Artemis I mission. A graphic released by NASA showing the Apollo 11 flight trajectory can be viewed (here), with the Artemis I trajectory viewable (here). “The Apollo 11 mission had a very direct path to a low lunar orbit to deliver the crew to the lunar surface.
Formal organizations like the Oath Keepers no longer define the American right-wing landscape. If Biden’s election was illegitimate, the Oath Keepers were ready to defend Trump’s legitimate one. And indeed, the trial has revealed the brazenness of the Oath Keepers, as well as some profound shifts happening in the American right. The evidence of a seditious conspiracy introduced in the Oath Keepers’ trial was damning, yet obvious. While certainly more polished, some of Masters’ talking points would not be out of place at an Oath Keepers meeting.
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