U.S. inflation hit 8.3% last month but slows from 40-year high
On a month-to-month basis, prices rose 0.3% from March to April, a still-elevated rate but the smallest increase in eight months.
On a month-to-month basis, prices rose 0.3% from March to April, a still-elevated rate but the smallest increase in eight months.
Rates this year could reach their highest levels since before the 2008 Wall Street crash if surging prices continue.
The government said gross domestic product shrank at a 1.4 percent annualized rate in the first quarter.
The steady spending suggested the economy could keep expanding this year even though the Federal Reserve plans to raise rates aggressively to fight the inflation surge.
The war in Ukraine will “severely” set back the global recovery from Covid-19, according to the IMF.
The Texas Republican talked about GOP candidates having Trump tattooed on their rear ends and received some blunt reminders in response.
Late last month, a couple of days after Russian missiles hit Kyiv, killing a Ukrainian journalist; a few weeks after Russian forces laid siege to this city, my hometown; two months after Vladimir Putin’s forces invaded my homeland, I went down into a converted bomb shelter and laughed. A lot. And it felt great.“It sucks that so many of us have to live in evacuation with our parents,” Anna Kochehura told the crowd around me.
“Parent Plaintiffs have a fundamental right to direct the medical care of their children,” ruled the Trump-appointed U.S. District judge.
It’s said the definition of insanity is doing the same thing over and over again while expecting a different result. If that’s the case … Russia qualifies.
We saw it in the early days of the war in Hostomel airport northwest of Kyiv. Russia made an unsupported airborne landing on the base. Got wiped out. Tried it again. Same result.
The New York Republican also argued against providing formula for migrant’s babies and saw no contradiction with describing herself as “pro-life.
The week ends with a busy day of news that includes Republicans—the keepers of the pro-life flame—wanting to starve immigrant babies, a MAGA candidate on steroids that is surging in Pennsylvania’s Republican senate primary, Mitch McConnell continuing to pretend that gutting Roe v.
While the Smithsonian National Museum of the American Latino is still many years away from officially opening after being passed into law in Dec. 2020, museum-goers are set to get a preview of it beginning next month.
In the wake of the Jan. 6 insurrection, after briefly acknowledging that Emperor Pulp-itine (Latin designation: Circus Peanutus) had no clothes, Sen. Lindsey Graham has been doing what otherwise might be seen as a public service: furiously fig-leafing the ocher oaf’s irriguous dingly bits 24/7.
Pennsylvania Democrat Josh Shapiro made headlines earlier this month when he began airing ads to not-so-subtly boost one of his Republican rivals: state Sen. Doug Mastriano, a QAnon ally whom many Republicans fret would be a toxic nominee should he win Tuesday’s primary for governor. Shapiro, though, is by no means the only Democrat who’s trying to pick his opponent by meddling across the aisle, a tactic that has a long history in American politics.
In Justice Alito’s draft opinion, “a sin within a certain set of religious beliefs is to be made a crime for all,” she writes, evoking her novel of enslaved women.
A top aide to President Ronald Reagan, McFarlane pleaded guilty to charges for his role in an illegal arms-for-hostages deal known as the Iran-Contra affair.
Last October, a young girl with severe and unusual liver failure was admitted to a hospital in Birmingham, Alabama. Her symptoms were typical: skin and eyes yellow with jaundice, markers of liver damage off the charts. But she tested negative for all the usual suspects behind liver disease. Her only positive test was, surprisingly, for adenovirus—a common virus best known for causing mild colds, pink eye, or stomach flu.
A forest grows in downtown Los Angeles. Opening today with a limited run through summer 2022, A Forest for the Trees is an immersive art show created and directed by visionary artist Glenn Kaino, together with The Atlantic and Superblue, that is designed to inspire audiences to reimagine their relationship with the natural world.A Forest for the Trees is open to all ages, and tickets are on sale now. Press should inquire about opportunities to tour the show.
Sign up for Derek’s newsletter here.The American economy isn’t looking great right now. U.S. GDP shrank last quarter, despite a hearty showing from American consumers. Inflation is high; markets are down; both wages and personal-savings rates show some troubling statistical signals. Is the U.S. destined to have a recession in 2022? I don’t know for sure. But here are nine signs that worry me.1. Everybody’s stock portfolio is disgusting right now.
Why are so many writers drawn to campus novels? In a 2006 article, Megan Marshall writes that the genre is “escape reading.” Citing older works such as The Harrad Experiment and 3 in the Attic, Marshall sees many college novels as “fumbling and sophomoric confessionals.” That’s certainly changed. Campus novels today have expanded beyond the confines of the Ivy League and deal with some of our society’s most pressing questions.
Finland’s president and prime minister say they plan to end decades of neutrality and join NATO. Sweden is also expected to seek NATO membership. The Kremlin says Russia sees the expansion of NATO on its borders as a threat. “People on both sides will suffer,” says Reiner Braun, executive director of the International Peace Bureau, who warns Russia will escalate in response and move more nuclear weapons near the 830-mile-long Finland-Russia border.
Three journalists were killed within a three-day span this week in Mexico, bringing the toll to 11 so far this year and making Mexico the deadliest country in the world for journalists, behind Ukraine. Most of the murders have gone unsolved. This week journalists across Mexico took to the streets protesting the murder of their colleagues and called for accountability.
Calls are growing for President Biden to grant clemency to Leonard Peltier, the 77-year-old imprisoned Native American activist who has spent 46 years behind bars for a crime he says he did not commit. Amnesty International considers Peltier a political prisoner, and numerous legal observers say his 1977 conviction for alleged involvement in killing two FBI agents in a shootout on the Pine Ridge Reservation was riddled with irregularities and prosecutorial misconduct.
The Interior Department has documented the deaths of more than 500 Indigenous children at Indian boarding schools run or supported by the federal government in the United States which operated from 1819 to 1969. The actual death toll is believed to be far higher, and the report located 53 burial sites at former schools. The report was ordered by the first Indigenous cabinet member, Interior Secretary Deb Haaland, whose grandparents were forced to attend boarding school at the age of 8.
More than 1 million Americans have died from drug overdoses since 2001.
Groups that operate clinics and run abortion access funds warn that they’ll need more money, more providers and more space to help care for the influx of people who will cross state lines to seek abortions.
Lawmakers detail how 400 million Covid-19 doses were destroyed at the company’s Baltimore facility after it failed to heed internal warnings about quality standards.
On a month-to-month basis, prices rose 0.3% from March to April, a still-elevated rate but the smallest increase in eight months.
Rates this year could reach their highest levels since before the 2008 Wall Street crash if surging prices continue.
The government said gross domestic product shrank at a 1.4 percent annualized rate in the first quarter.