The U.S. inflation rate hit its highest point in nearly four decades, reaching 6.8% in November, because people who are saving money are essentially financing others who are buying expensive houses and cars. Stoked by the Federal Reserve’s “quantitative easing” policy plus super-low mortgage rates, inflation has returned as one of the most vexing problems … Read more
Dana Milbank of the Washington Post recently wrote, This is the worst economy we never had (a touch of sarcasm): For months, the GOP-Fox News axis [of evil] forecast the bluest of Christmases. House Republican leader “Traitor” Kevin McCarthy joined 159 House Republicans in a letter to President Biden saying his policies “will certainly ensure … Read more
Arizona’s minimum wage is set to increase from $12.15 an hour to $12.80 an hour on Jan. 1 under a citizens initiative approved by the state’s voters in 2016. Arizona Minimum Wage Going up to $12.80 an Hour on Jan. 1. The measure was opposed by Republican Gov. Doug Ducey, Republicans in the Arizona Legislature, … Read more
If Congress is so concerned about inflation, why have we heard nothing from Congress about companies engaging in illegal price fixing, price gouging and profiteering from pandemic supply-chain disruptions? Why have we heard nothing about corporate monopoly power which makes this possible? More importantly, why has the corporate media not been reporting about this? (The … Read more
Arizona residents, commerce, schools, infrastructure, businesses, transportation sectors, and local governments have benefited greatly from the infusion of funds provided by both the Biden/Harris American Rescue Plan and Bipartisan Infrastructure legislation. Whether it is funding for providing COVID 19 tests and vaccines, expanded broadband, road repair, airport expansion, aid to small businesses and local governments, … Read more