Though the effective federal funds rate remains less than 0.1 percent, the reaction of the markets and financial press as the ten-year Treasury yield crossed the 1.5 percent threshold near the start of the month reminds us just how fragile our economy’s underlying monetary framework has become over the past two decades. Regularly at a minimum of at least 4 […]
For retirees, 2021 was a nasty year: Red hot inflation and a stingy COLA. In 2022, they might fall behind more slowly. Among the red-hot inflation data released today was the Consumer Price Index for All Urban Wage Earners and Clerical Workers (CPI-W), which is used to calculate the Cost of Living Adjustment (COLA) for Social […]
https://pricklypear.news/wp-content/uploads/US-CPI-2021-10-13-CPI-U-YOY.png403512Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2021-10-17 01:05:542021-10-15 11:47:45Social Security COLA for 2022 Biggest since 1982, But Still Won’t Cover Actual Cost of Living Increases for Many Retirees
The AIER Everyday Price Index increased by 0.6 percent in September, the tenth consecutive month of gain. Over the last 10 months, the monthly increases have been between 0.4 percent and 1.2 percent, putting the 10-month gain at 7.5 percent or an annualized pace of 9.1 percent. Including the two months prior to the run […]
https://pricklypear.news/wp-content/uploads/food-price-inflation.jpg339509Robert Hugheshttps://pricklypear.news/wp-content/uploads/logo_2023.pngRobert Hughes2021-10-16 01:05:242021-10-15 11:09:30Groceries Feed Gains in the Everyday Price Index in September
A county judge says Arizona cannot extract the additional cost of doing state business in a city that increased its minimum wage, making it more expensive to operate there. Maricopa County Superior Court Judge James Smith sided with the city of Flagstaff about whether a provision in the 2019 Arizona budget allowed the state to […]
Cuba and Taiwan began the ’70s with similar economies, but today the GDP of the Caribbean island is five times less than that of Taiwan. For decades the Communist Party of Cuba has blamed the United States for Cuba’s misery and poverty, alluding to the “blockade” that the U.S. maintains against Cuba. However, the […]
https://pricklypear.news/wp-content/uploads/castro.webp591900Emmanuel Rinconhttps://pricklypear.news/wp-content/uploads/logo_2023.pngEmmanuel Rincon2021-10-14 01:05:052021-10-09 10:02:20Taiwan’s Wealth Shows Cuba’s Poverty Is the Result of Socialism, Not a Blockade
That’s especially so on immigration, Amazon, and the minimum wage. The Tucson establishment often misses the bigger picture in the pursuit of transitory feel-good measures. Take the subjects of immigration, Amazon, and the minimum wage—subjects that I don’t have ideological or partisan heartburn over but do care that Tucson is consigning itself to permanent also-ran […]
https://pricklypear.news/wp-content/uploads/tucson-city-hall.jpg339509Craig J. Cantonihttps://pricklypear.news/wp-content/uploads/logo_2023.pngCraig J. Cantoni2021-10-14 01:00:142021-10-12 09:06:27Tucson Keeps Missing the Bigger Picture
A provision tucked into the $3.5 trillion spending and tax bill would ban new drilling for oil and natural gas on and near Navajo land in northwestern New Mexico. Convinced that the ban would cause severe economic harm to tribal members in the affected area, the 24th Navajo Council sent a Sept. 27 letter, obtained […]
https://pricklypear.news/wp-content/uploads/Navajo-musician-800x470-1.jpg470800Bonner Cohenhttps://pricklypear.news/wp-content/uploads/logo_2023.pngBonner Cohen2021-10-13 01:00:372021-10-09 09:21:34Navajos Oppose Drilling Ban in Biden’s massive “Human Resources” Bill
Twenty-six U.S. governors requested to meet with President Joe Biden to propose solutions to the ongoing border crisis, Texas Gov. Greg Abbott said at a Wednesday new conference. Because Biden did not respond to the request, the governors said they decided to take their message to the American people, proposing their own solutions to the […]
That elections have consequences is certainly more than a slogan. It could not be more true when it comes to this pick for this agency. Democrats have confirmed a bona fide Eco-Terrorist to run the Bureau of Land Management that supervises much of our public lands and those that use them. This will have grave […]
Republicans caving on the debt ceiling paved the way for Democrats to focus the rest of the fall on their tax-and-spending spree. In July, Senate Minority Leader Mitch McConnell, R-Ky., pledged “a hell of a fight” to stop Democrats’ $3.5 trillion spending blowout, which “is not going to be done on a bipartisan basis.” That […]
https://pricklypear.news/wp-content/uploads/water-921325__480.jpg480721Christopher Jacobshttps://pricklypear.news/wp-content/uploads/logo_2023.pngChristopher Jacobs2021-10-11 01:05:302021-10-11 15:43:31Mitch McConnell’s Surrender In The Debt Ceiling Fight Opens The Floodgates For Dems’ $3.5 Trillion Spending Bill
How the Fed’s Easy Money Spurred Today’s Financial Frenzies
/in Economy, Featured, Liberty, Politics/by Joseph MullenThough the effective federal funds rate remains less than 0.1 percent, the reaction of the markets and financial press as the ten-year Treasury yield crossed the 1.5 percent threshold near the start of the month reminds us just how fragile our economy’s underlying monetary framework has become over the past two decades. Regularly at a minimum of at least 4 […]
Social Security COLA for 2022 Biggest since 1982, But Still Won’t Cover Actual Cost of Living Increases for Many Retirees
/in Economy, Featured, Politics/by Wolf RichterFor retirees, 2021 was a nasty year: Red hot inflation and a stingy COLA. In 2022, they might fall behind more slowly. Among the red-hot inflation data released today was the Consumer Price Index for All Urban Wage Earners and Clerical Workers (CPI-W), which is used to calculate the Cost of Living Adjustment (COLA) for Social […]
Groceries Feed Gains in the Everyday Price Index in September
/in Economy, Featured, Politics/by Robert HughesThe AIER Everyday Price Index increased by 0.6 percent in September, the tenth consecutive month of gain. Over the last 10 months, the monthly increases have been between 0.4 percent and 1.2 percent, putting the 10-month gain at 7.5 percent or an annualized pace of 9.1 percent. Including the two months prior to the run […]
Judge Rules Against Arizona In Minimum Wage Lawsuit
/in Arizona News, Economy, Politics/by Cole LauterbachA county judge says Arizona cannot extract the additional cost of doing state business in a city that increased its minimum wage, making it more expensive to operate there. Maricopa County Superior Court Judge James Smith sided with the city of Flagstaff about whether a provision in the 2019 Arizona budget allowed the state to […]
Taiwan’s Wealth Shows Cuba’s Poverty Is the Result of Socialism, Not a Blockade
/in Economy, Featured, Liberty, National Security, Politics/by Emmanuel RinconCuba and Taiwan began the ’70s with similar economies, but today the GDP of the Caribbean island is five times less than that of Taiwan. For decades the Communist Party of Cuba has blamed the United States for Cuba’s misery and poverty, alluding to the “blockade” that the U.S. maintains against Cuba. However, the […]
Tucson Keeps Missing the Bigger Picture
/in Arizona News, Culture War, Economy, Politics/by Craig J. CantoniThat’s especially so on immigration, Amazon, and the minimum wage. The Tucson establishment often misses the bigger picture in the pursuit of transitory feel-good measures. Take the subjects of immigration, Amazon, and the minimum wage—subjects that I don’t have ideological or partisan heartburn over but do care that Tucson is consigning itself to permanent also-ran […]
Navajos Oppose Drilling Ban in Biden’s massive “Human Resources” Bill
/in Arizona News, Economy, Politics/by Bonner CohenA provision tucked into the $3.5 trillion spending and tax bill would ban new drilling for oil and natural gas on and near Navajo land in northwestern New Mexico. Convinced that the ban would cause severe economic harm to tribal members in the affected area, the 24th Navajo Council sent a Sept. 27 letter, obtained […]
GOP Governors: Biden Ignores Meeting Request On border crisis, propose own solutions
/in Economy, Featured, Liberty, National Security, Politics/by Bethany BlankleyTwenty-six U.S. governors requested to meet with President Joe Biden to propose solutions to the ongoing border crisis, Texas Gov. Greg Abbott said at a Wednesday new conference. Because Biden did not respond to the request, the governors said they decided to take their message to the American people, proposing their own solutions to the […]
Controversial BLM Pick Tracy Stone-Manning Confirmed To Lead Agency
/in Arizona News, Economy, Environment, Liberty, Politics/by Neland NobelThat elections have consequences is certainly more than a slogan. It could not be more true when it comes to this pick for this agency. Democrats have confirmed a bona fide Eco-Terrorist to run the Bureau of Land Management that supervises much of our public lands and those that use them. This will have grave […]
Mitch McConnell’s Surrender In The Debt Ceiling Fight Opens The Floodgates For Dems’ $3.5 Trillion Spending Bill
/in Economy, Featured, Liberty, Politics/by Christopher JacobsRepublicans caving on the debt ceiling paved the way for Democrats to focus the rest of the fall on their tax-and-spending spree. In July, Senate Minority Leader Mitch McConnell, R-Ky., pledged “a hell of a fight” to stop Democrats’ $3.5 trillion spending blowout, which “is not going to be done on a bipartisan basis.” That […]