Bloomberg's Terrible Advice to Those Struggling Amid Rising Inflation
It's bad advice for normal times but good advice during high inflation. Under Biden, however, inflation is likely to continue so it would indeed be wise to bring purchases forward where you can. A months worth of groceries looks certain to cost you more in a month's time than it does now. So buy canned goods now and stock up your freezer all you can!
First, Democrats insisted inflation wasn't happening, then that it was just transitory. But after there was no more denying the economic woes facing America, the White House sought a new plan: work with media outlets to help reshape the messaging. Many propaganda outlets were all too keen to obey. At CNN, we saw headlines like "Why inflation can actually be good for everyday Americans and bad for rich people." MSNBC and others joined in, too: "Why the inflation we're seeing now is a good thing."
Bloomberg has taken a slightly different approach, however. Rather than trying to gaslight the American people, they're being mocked for the terrible advice they just gave amid inflation.
Looking to Argentina as an example, Bloomberg suggested Americans spend their paychecks immediately.
"In a high-inflation economy, money that sits in the bank is losing value. Each day, those $100 on deposit buy a little bit less. As a result, many Argentines spend their paychecks as soon as they receive them, carting away weeks' worth of groceries in a single shopping trip, even if some of it -- excess meat, chicken, fish -- will sit in the freezer for months," the authors wrote.
"And don't hesitate to borrow money to finance some of those big purchases. If you can get a loan at a rate below inflation -- something that's possible for many Americans today -- go for it. Inflation will make it easier to repay the loan in coming months and years," they added.
Needless to say, the advice went over like a lead balloon on social media.
https://townhall.com/tipsheet/leahbarkoukis/2021/12/13/bloomberg-advice-on-inflation-n2600490
**********************************************Producer Price Index Growing At Fastest Rate In History Under Biden Administration
The Producer Price Index (PPI), which measures inflation at the wholesale level, skyrocketed 9.6% year-over-year as of November, increasing at the fastest rate ever measured, the U.S. Bureau of Labor Statistics (BLS) announced Tuesday.
BLS reported that the PPI, which measures inflation before it hits consumers, was up 0.8% in November. As of October, the measure was up just 8.6% on a year-over-year basis and just 0.6% in that month alone, meaning wholesale prices went up more and to a worse yearly figure in November than they did in October.
Economists projected a year-over-year increase of the core PPI, which does not include food and energy prices, to be 7.2% year-over-year and a 0.4% increase from October. The demand for goods was the biggest driver for the increase in producer prices, soaring 1.2% in November, marginally down from October’s 1.3% figure. Final demand services inflation increased 0.7% in November, much faster than October’s 0.2%.
“While we continue to expect producer prices to reach an apex in Q4, persistent supply headwinds will keep input and transportation costs sticky and only allow for a gradual moderation in price pressure,” Mahir Rasheed, U.S. economist at Oxford Economics, said.
In the meantime, the Consumer Price Index rose 0.9% in November, bringing the key inflation indicator’s year-over-year increase to 6.8%, the highest figure in nearly four decades.
“A year ago economists predicted a two percent inflation rate, but in less than 12 months of one-party rule in Washington, consumers are instead facing the highest inflation rate in 40 years,” House Minority Leader Kevin McCarthy said.
“This did not happen by accident — President Biden’s anti-worker, anti-American energy agenda have consumers paying more virtually every time they go check out,” He added.
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Minneapolis delivery driver DESTROYS elderly couple's groceries over pro-police sign in their front yard and leaves message branding them 'racist' and saying 'f*** the police'
A 36-year-old driver from Coon Rapids, Minnesota, who only went by Tara on the app, reportedly ran over $50 worth of groceries in an angry fit over a sign the couple had in their driveway.
A bottle of soda, what appears to be coffee creamer, a bag of bananas and other items can be seen in the photo which police posted to Facebook on Monday.
Tara has since been relieved of her position at Instacart, but it wasn't immediately clear if Tara was the driver's real name or what type of charges the suspect is facing.
The sign read 'Thank you Blaine PD' and donned a Blue Lives Matter flag - a symbol of police support - in the shape of a heart.
Instead of the groceries from Cub Foods that the couple had ordered on December 6, Tara left a derogatory message scribbled on a 'random receipt' on the couple's front porch.
'Instacart doesn't pay employees. Sry [sic] find another slave. F*** the police,' the hateful message read, which also had the words 'racist' and 'pigs' written on it in black marker.
A relative, Amber Gray, wrote on a GoFundMe: 'My heart breaks for my loves ones,' and detailed how the act left them feeling 'vulnerable'.
Instacart released a statement saying it was 'appalled by the unacceptable actions of this shopper, who has been removed from the Instacart platform as a result.'
'We'll continue to provide support to the impacted customers and will also work directly with local law enforcement on any investigations into this matter,' it added.
According to a listing on Indeed, the average annual salary for a personal shopper with Instacart in Minneapolis is $47,000, which is based on aggregated data. Delivery drivers in the city reportedly make $65,000 per year.
In a press release posted to the Blaine Police Department's Facebook page on Monday, the elderly couple reported on December 6 that when they received the notification from the Instacart app that the driver was at their house, they went outside to pick up their groceries 'due to the amount of snow in their driveway'.
'When the couple opened the front door, the delivery driver yelled back at them to check inside of their Christmas wreath,' which is where they found the receipt inscribed with the bitter note.
'They also reported the driver was driving back and forth in the driveway.... After the delivery driver left they found that their groceries had been run over in the driveway,' the press release stated.
The elderly couple reportedly told Instacart what happened and received a full refund for their order.
A grocery fund set up by the couple's loved ones on GoFundMe three days after the incident has already accumulated nearly $8,500 - far exceeding the $500 goal.
'Tara probably doesn't know how carefully those $50 in groceries were budgeted for. Or how devastating the recent medical diagnosis has been. Or how scared and vulnerable her vile act of hatred made them feel,' Amber Gray, one of the fundraiser organizers, wrote.
The police department added in the press release: 'The delivery driver has been identified and the investigation continues with charges likely in the near future.'
Blaine Police Chief Brian Podany told Fox 9: 'We're law enforcement. We get not everybody likes us, we understand that. But don't take that out on innocent people out there, especially people who are trying to contribute to this person's livelihood.'
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Idaho church replaces stained glass window depicting Robert E Lee, George Washington and Abe Lincoln with image of America's first black female Methodist bishop
They are an heretical church anyway. A female bishop is not Christian. Christ chose male disciples only and the apostle Paul said women should be silent in the congregation
An Idaho church has replaced a stained glass window of Robert E Lee, George Washington and Abe Lincoln with the country's first black Methodist bishop wearing an LGBTQ scarf.
The late bishop Leontine Kelly, who passed away at age 92 in 2012, had lived in Richmond, Virginia with her family where monuments of former Confederate leaders, such as Lee, had lined Monument Avenue.
The statue of Lee, a former Civil War general and slave owner, was later removed by the city on September 8.
The call to remove the statue had been recommended by Governor Ralph Northam in June 2020 as Lee was believed to have represented a time of racial injustice.
The stained glass window at the Cathedral of the Rockies First Methodist Church in Boise, Idaho, which featured Lee was taken down in August 2020.
The window, erected in 1960, featured Lee standing with Washington and Lincoln who were 'selected to show historic and contemporary leaders of our nation,' according to the Idaho Statesman.
Kelly now stands in place of these three men, while donning an LGBTQ scarf, and standing proud with her hands folded.
She had been elected as the first black Methodist bishop in a 1984 ceremony.
The portrayal of the former bishop was inspired by a photo taken of Kelly where she calmly stood in the midst of a 1985 protest against nuclear armaments.
The new $25,591 window was put in place on Tuesday after the space had sat empty for about a year-and-a-half.
'We voted to remove it, not knowing whom we would put in the window, but we would figure out something to represent,' senior pastor Duane Anders told the Statesman. 'So for a year and a half the windows have been clear. In a sense, we let some light in.'
Anders also said that Kelly had been chosen among 50 possible candidates to be featured in the space. 'As we started working through the names, one just kept rising to the top, because of our connection to the person and their connection to Boise,' he said. 'And that’s Bishop Leontine Kelly.'
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http://dissectleft.blogspot.com (DISSECTING LEFTISM)
http://edwatch.blogspot.com (EDUCATION WATCH)
http://antigreen.blogspot.com (GREENIE WATCH)
http://australian-politics.blogspot.com (AUSTRALIAN POLITICS)
http://snorphty.blogspot.com/ (TONGUE-TIED)
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Kristina Pimenova, once said to be the most beautiful girl in the world. Note blue eyes and blonde hair
Bliss: What every woman wants: to feel safe and secure in the arms of her man. Robert Irwin and Rorie Buckey. See
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