Fed Ratchets up Interest Rates by Half Point for the First Time in Two Decades

Economy

Earlier this year, Fed chair Jay Powell announced that the Reserve would likely raise interest rates multiple times during 2022. They raised them in March, and, on Wednesday, they raised rates by a half-point. This was the first time the Fed has taken such a drastic action in two decades.

Supreme Court Reaction to Leaked Opinion Draft, Overturning Roe v. Wade

U.S. Supreme Court

Late last night, Politico released a story on a leaked Supreme Court opinion draft. This draft was written by Justice Samuel Alito, a conservative member of the Court. The opinion is in regards to the Thomas v. Dobbs case originating in Mississippi, where a suit was brought regarding state legislation that prohibits an abortion after fifteen weeks of pregnancy.

Trump-endorsed candidates take primaries, Biden calls MAGA crowd “most extreme” political group in American history

U.S. Politics

Donald Trump may no longer be in the Oval Office, but he's definitely making waves on the campaign trail. Trump endorsed a number of candidates in primary elections that began yesterday, most notably the Republican Senate candidate from Ohio, J.D. Vance.

Is the Economy Going in the Wrong Direction? GDP Sees Negative Numbers, First Since 2020

Economy

Record high inflation, snags in the supply chain, and shortages in the workforce have all contributed to a -1.4 percent drop in GDP (gross domestic product). The Commerce Department released the information on Thursday.

Elon Musk Comments on Twitter’s Censorship of NY Post, Hunter Biden Laptop Story

U.S. Politics

Things are "a-twitter" at the home of the Blue Bird; much of it having to do with Elon Musk, his comments on a variety of issues, and a surge in followers for conservative Twitter users. On Wednesday morning, Fox News reported that Governor Ron DeSantis has garnered nearly 800,000 new followers while Democratic Congresswoman Alexandria Ocasio-Cortez has seen her number of followers drop by nearly 21,000. Donald Trump, Jr. has also seen a surge in new followers.

Trump Reveals that He’ll Stick to Truth Media, Won’t Return to Twitter

People

President Donald Trump spoke with Fox News anchors and told them that he will not return to Twitter, regardless of a successful Twitter acquisition by Elon Musk. Trump gave lots of praise to the idea that Musk could successfully buy the social media giant, but he remarked: "The bottom line is, no, I am not going back to Twitter."

Twitter Accepts Elon Musk’s $44 Billion Bid, Changes Coming

Economy

Throughout Monday, rumors that the board of directors at Twitter and Elon Musk had reached a deal regarding his proposal to buy the company for $44 billion. Late Monday afternoon, an announcement that the board had unanimously accepted his bid was made public, pending the approval of Twitter stockholders.

What the Democratic Party Must do Before Midterm Elections

U.S. Politics

The latest Quinnipac poll showed that not only do many Democrats disapprove of Biden's presidency so far, but independents - often the voting block that swings elections one way or another - are very displeased with the direction of the country at present. The Nevadian Independent reports that in that state alone, hundreds are changing their party affiliation prior to primary season.

Reaction to Mask Mandate Ruling: Equal Parts Disappointment and Glee

U.S. Politics

The reaction from many was that of joy, while others have expressed disappointment in the ruling. United Airlines said that it would continue to require masks on its flights until the Biden Administration had offered some guidance on how to move forward.

Biden: U.S. will Provide Another $500 Million in Aid to Ukraine

U.S. Politics

Before he boarded Air Force One to head to Oregon, President Joe Biden announced to the press that the United States is poised to send another $800 million in various forms of aid to war-torn Ukraine. Biden said that any assistance from this point forward will need Congressional approval.