Money Watch: What is Stagflation?
The term describes when the economy suffers from high unemployment and inflation with low growth. Lana Zak explains why economists are worried it could happen again.
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INSIDERMitch McConnell says the labor shortage will be solved when people run out of stimulus money because Americans are 'flush for the moment'
Lack of childcare and well-paid jobs might be driving the labor shortage. Mitch McConnell thinks March 2021 stimulus checks are to blame.
- BBC
Why did Rishi Sunak resign?
Rishi Sunak quit as Chancellor saying the PM's approach to the economy was too different to his own.
- The Daily Beast
Putin’s Big Turning Point in the War Could Finally Be Here
Photo Illustration by Elizabeth Brockway/The Daily Beast/GettyRussian forces took a key region in eastern Ukraine over the weekend, thanks in part to Moscow stepping up its coordination and war planning, according to a British intelligence assessment released on Tuesday.This change in Russian forces’ approach to fighting in Eastern Ukraine could be the early signs of a brand new—and worrying—phase in Russia’s devastating war in Ukraine.While Ukrainian officials first denied that they had lost Ly
- INSIDER
Donald Trump wants to sue former FBI officials Lisa Page and Peter Strzok, but can't find them after a half-dozen tries since March
Trump lawyers say they've tried six times to serve Page and Strzok with papers for his March lawsuit alleging a plot to "rig" the 2016 election.
- The Daily Beast
Putin’s Lies Have Kremlin TV Flailing and Fighting On-Air
GettyWhile Russian troops slowly advance in Eastern Ukraine, questions loom as to how far President Vladimir Putin is planning to take his invasion of Ukraine. During a recent press conference, Putin claimed that nothing has changed and everything is going according to the plan: “I have formulated the overall goal, which is to liberate Donbas, protect its people and create conditions that will guarantee the security of Russia itself. That is all.” His deliberately vague responses implied that Ru
- Reuters
Russia's stated war aims begin catching up with reality
The speaker of Russia's lower house of parliament said on Tuesday that Ukraine had become a "terrorist state" and was doing everything to ensure that Russia did not stop its invasion at the borders of the eastern Donbas region as advertised. The remark by Duma speaker Vyacheslav Volodin marked an escalation of Russian war rhetoric but ignored the fact that Moscow's forces already occupy large parts of southern Ukraine as well. It suggested that Moscow, fresh from seizing the last parts of Ukraine's Luhansk region on Sunday, might be preparing once more to expand its stated war objectives, which it reined back a month into the invasion after an assault on the capital Kyiv and an advance on the second largest city Kharkiv were beaten back.
- The Daily Beast
Putin Pal Drops Menacing Hint: a ‘Cleansing’ Is Coming for Europe
IKHAIL KLIMENTYEV/Sputnik/AFP via Getty ImagesRussian President Vladimir Putin’s key ally Belarusian leader Alexander Lukashenko has started hinting at what may be next in Russia’s war, and it doesn’t sound pretty.Lukashenko claimed this weekend that he thinks it’s time for Europe to face a “moral cleansing.”“The time has come for the forgetful Europe to give itself a moral cleansing,” Lukashenko said, without going into further detail about what that would entail, according to BelTA.Lukashenko
- Bloomberg
China Accuses US of ‘Technological Terrorism’ as Chip Curbs Grow
(Bloomberg) -- China accused the US of “technological terrorism” in pushing to stop ASML Holding NV and Nikon Corp. from selling key chipmaking technology to the country, in some of its strongest criticism yet of Washington’s efforts.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarCiti Says Oil May Collapse to $65 by the Year-End on RecessionOil Plummets Below $100 as Recession Risks Come to ForefrontUS Wants Dutch Supplier to Stop Selling Chipmaking Gea
- INSIDER
Adam Kinzinger and his family are getting so many death threats over his Trump criticism that his office put together a 3-minute audio clip
GOP Rep. Adam Kinzinger and his family are receiving threats over his involvement on the House committee investigating the Capitol riot.
- GOBankingRates
23 Million California Residents to Receive up to $1,050 in Inflation Relief Funds
On June 30, California approved an inflation relief package -- one which will see 23 million residents of the state receive a direct payment of up to $1,050. The $17 billion inflation relief package...
- INSIDER
Joe Rogan says he refuses to host Trump on his podcast soon after saying Gov. Ron DeSantis would make a good president
"I've had the opportunity to have him on my show more than once. I've said no every time," Rogan said.
- The Hill
Frustrated Democrats express alarm over Biden’s powerlessness
President Biden is finding himself largely powerless to address a spate of setbacks in recent weeks that have sparked alarm among Democrats about the state of the country. Biden has been dealt blow after blow in recent weeks: The Supreme Court struck down Roe v. Wade’s constitutional right to an abortion; the country is plagued…
- INSIDER
The White House official that reports say is disputing account of Trump's actions on January 6 has a history of lying for him, former aides say
Tony Ornato is said to have disputed Cassidy Hutchinson's claim that Trump grabbed the wheel and tried to go to the Capitol on January 6, 2021.
- People
New Docuseries Will Shed Light on Final Days of Trump Administration and Take Closer Look at Trump Family
The three-part docuseries Unprecedented will show how the Trump family handled the days and weeks leading up to the Jan. 6 Capitol insurrection
- HuffPost
Fox News Potentially Facing Major Financial Damage In Dogged Suit Over Election Lies
Discovery in the case could reveal bombshell messages among the Trump White House, Fox personalities, and even Rupert Murdoch.
- The New Voice of Ukraine
Russians target Ukrainian forces with attack helicopters, lose artillery in retaliatory air strikes
Russian invasion forces called in attack helicopters to assault Ukrainian army positions in southern Ukraine, the South Operational Command reported on July 5.
- GOBankingRates
Social Security: Can I Still Collect Benefits if I Live Outside the US?
If you're eligible to receive Social Security benefits, you may receive your payments outside of the U.S. However, the Social Security Administration has noted that there are countries to which they...
- INSIDER
Jimmy Carter's former treasury secretary urges Biden to axe his economic agenda and focus on cutting the national debt to fight inflation
W. Michael Blumenthal told The New York Times that the president should take "painful steps" to combat inflation.
- Miami Herald
Sudden death of Cuba’s potential next leader only deepens Cuba’s power crisis | Opinion
The sudden death last week of Cuban Gen. Luis Alberto Rodríguez López-Calleja only adds to the number of questions about the stability and durability of the communist tyranny in Cuba. First, in the context in which his death occurred; and second, because of what López-Calleja represented for the power and continuity of the regime.
- Fox News
Swalwell compares Boebert to mass shooter day after Highland Park massacre, Boebert fires back
California Democrat Eric Swalwell appeared to compare his Colorado Republican colleague Rep. Lauren Boebert to the mass shooter who killed six people a day after the massacre.