The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data Wednesday, and according to the report, price inflation during April decelerated slightly, coming in at the lowest year-over-year increase in twenty-four months. According to the BLS, Consumer Price Index (CPI) inflation rose 4.9 percent year over year in April before seasonal adjustment.
The formal recession has yet to be declared, and Powell is already offering apologies. Following last week’s rate hike amid the ongoing banking turmoil, during the Q & A session, the Fed Chair offered a sort of apology for recent events:
… I’ve been Chair of the Board for five plus years now, and I fully recognize that we made mistakes. I think we’ve learned some new things, as well, and we need to do better.
Money supply growth fell again in March, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. March’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.
As reported by Reason, Colorado—one of thirty-one states that had banned its local governments from imposing rent control—is considering repealing that ban. Recent efforts to allow or impose similar controls have also taken place in New York, California, Massachusetts, Oregon, and Minnesota. However, there is a good reason that most states still ban the local imposition of rent control laws.
Decades ago, Hollywood brought the neglected problem of domestic violence (DV) against women into the spotlight and helped to create cultural change. Today, Hollywood encourages people to dismiss or laugh at the neglected problem of DV against men. After all, the man must have had it coming; either that or he is too weak to stand up for himself and so deserves no sympathy. A general acceptance of women beating up men continues.
It’s been over five decades since the war on drugs began in the United States, and billions of dollars coerced from taxpayers have been spent on this frivolous operation. The General Accounting Office’s report found that the Drug Abuse Resistance Education (DARE) program did not deter youth from drug abuse.
