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Month: May 2021

Larry Summers sends inflation warning to White House: Dominant risk to economy is ‘overheating’

A leading Democratic economist on Wednesday urged the White House to shift course after the government reported higher-than-expected inflation last month, which has heightened fears of fresh trouble for the recovering US economy. “Policymakers at the Fed and in the (White House) need to recognize that the risk of a Vietnam inflation scenario is now

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Used cars, travel and furniture are just some of many things that are getting more expensive

Just about everything is getting more expensive in the United States as the stimulus-fueled economy rebounds and Americans are again spending on shopping, traveling and eating out. But the pandemic is far from over, and supply-chain woes mean supply isn’t meeting demand — sending prices even higher. Nearly all major components of the government’s inflation

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CDC recommends use of Pfizer’s Covid-19 vaccine in 12-15-year-olds

US Centers for Disease Control and Prevention Director Dr. Rochelle Walensky said Wednesday the agency now recommends the use of Pfizer/BioNTech’s coronavirus vaccine in 12-15-year-olds. “Today, I adopted CDC’s Advisory Committee on Immunization Practices’ (ACIP) recommendation that endorsed the safety and effectiveness of the Pfizer-BioNTech COVID-19 vaccine and its use in 12- through 15-year-old adolescents,”

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Biden says fuel situation will be ‘under control’ soon after officials warn against hoarding gas

President Joe Biden said that the fuel situation in the US should be “under control” soon, just minutes before Colonial Pipeline announced it initiated the restart of its pipeline operations following a recent ransomware attack. The President said the federal government has been in “very, very close contact” with Colonial Pipeline, adding, “I think we’ll

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The GOP just handed Liz Cheney a megaphone

Finally. It took a strong woman and a House Republican conference that threatened her. It took GOP leadership more interested in regaining power than in abiding by the Constitution. And it took a Republican Party devoted to nothing other than Donald Trump. So finally, Liz Cheney did it. It was clear she was going to

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65 killed in Gaza, 7 killed in Israel as UN warns conflict could turn into ‘full-scale war’

The worst violence in years between Israelis and Palestinians showed no signs of letting up Wednesday, as continued Israeli airstrikes and Hamas rocket fire prompted the United Nations to warn the conflict could mushroom into “full-scale war.” Israel’s bombing campaign in Gaza has now killed at least 65 people, including 16 children, and injured more

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