U.S. consumer prices soared 6.2 percent in past year, most since 1990

Prices for U.S. consumers jumped 6.2 percent in October compared with a year earlier as surging costs for food, gas and housing left Americans grappling with the highest inflation rate since 1990.

The year-over-year increase in the consumer price index exceeded the 5.4 percent rise in September, the Labor Department reported Wednesday. From September to October, prices jumped 0.9 percent, the highest month-over-month increase since June.

Inflation is eroding the strong gains in wages and salaries that have flowed to America’s workers in recent months, creating political headaches for the Biden administration and congressional Democrats and intensifying pressure on the Federal Reserve as it considers how fast to withdraw its efforts to boost the economy.

Job gains and pay raises have been much healthier during the pandemic recovery than they were after the Great Recession roughly a decade ago. But in contrast to the years that followed that downturn, inflation is now accelerating and diminishing Americans’ confidence in the economy, surveys have found.

Excluding the volatile food and energy categories, so-called core prices rose 0.6% in from September to October. Core prices are now up 4.6 percent compared with a year ago.

Energy costs soared 4.8 percent just from September to October, with gasoline, natural gas and heating oil surging for the same reason that many other commodities have grown more expensive: Demand has risen sharply as Americans are driving and flying more, but supplies haven’t kept up.

Economists still expect inflation to slow once supply bottlenecks are cleared and Americans shift more of their consumption back to pre-pandemic norms. As COVID-19 fades, consumers should spend more on travel, entertainment and other services and less on goods such as cars, furniture, and appliances, which would reduce pressure on supply chains.

But no one knows how long that might take. Higher inflation has persisted much longer than most economists had expected. And inflation is spreading well beyond items like appliances and new and used vehicles that are directly affected by the pandemic.

“The inflation overshoot will likely get worse before it gets better,” said Goldman Sachs economists in a research note Sunday.

For months, Federal Reserve Chair Jerome Powell had described inflation as “transitory,” a short-term phenomenon linked to labor and supply shortages resulting from the speed with which the economy rebounded from the pandemic recession. But last week, Powell acknowledged that higher prices could last well into next summer.

The Fed chair announced that the central bank will start reducing the monthly bond purchases it began last year as an emergency measure to boost the economy. Investors now expect the Fed to raise its benchmark interest rate twice next year from its record-low level near zero — much earlier than they had predicted a few months ago.

Many large companies are passing on the cost of higher pay to their customers, and in some cases, consumers are paying up rather than cutting back.

To attract workers, for example, McDonald’s boosted hourly pay 10 percent to 15 percent over the past year. To help cover those higher labor costs as well as more expensive food and paper, the company said last month that it raised prices 6 percent in the July-September quarter from a year earlier. Yet even so, company sales leapt 14 percent as virus restrictions eased.

Other companies have been more cautious. One of them, Wayfair, an online furniture retailer, said last week that its costs are rising as factories in Asia have shut down amid COVID outbreaks, ports are jammed, and labor costs have surged. But the company isn’t necessarily passing along all those higher costs.

“We are in a mass-oriented business where the average customer does not have an unlimited discretionary budget,” said Michael Fleisher, Wayfair’s chief financial officer. “Inflation is rampant across the economy, and there are competing demands for their time and wallet share.”

Source: https://www.politico.com/news/2021/11/10/consumer-prices-soar-520574
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The Article Was Written/Published By: Associated Press

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US Capitol attack committee issues subpoenas to 10 senior Trump officials

• Stephen Miller and Kayleigh McEnany among those subpoenaed
• Committee expands investigation into events of 6 January

The House select committee investigating the January 6 insurrection at the US Capitol issued subpoenas on Tuesday to 10 more Trump administration officials, including former senior adviser Stephen Miller and press secretary Kayleigh McEnany, expanding its inquiry into Donald Trump’s involvement in circumstances surrounding the attack.

The subpoenas demanding documents and testimony are focused squarely on activities surrounding the White House and come a day after the select committee subpoenaed other top Trump lieutenants who aimed to undercut the results of the 2020 election while working from the Willard hotel in Washington.

Continue reading…

Source: https://www.theguardian.com/us-news/2021/nov/09/capitol-attack-committee-subpoenas-trump-officials
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The Article Was Written/Published By: Hugo Lowell in Washington

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Wyden rips Musk over Telsa stock poll: ‘It’s time for the Billionaires Income Tax’

Sen. Ron Wyden (D-Ore.) ripped Tesla and SpaceX CEO Elon Musk Saturday after Musk proposed selling a percentage of his stock on Twitter. Musk’s earlier tweet appeared to be in response to a proposal th…

Source: https://thehill.com/homenews/senate/580414-wyden-rips-musk-over-telsa-stock-poll-its-time-for-the-billionaires-income
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The Article Was Written/Published By: Caroline Vakil

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US Department of Energy wants to dramatically reduce the cost of carbon capture technology

The US Department of Energy wants to accelerate the development of carbon capture technology. On Friday, the agency announced a program called Carbon Negative Shot. Part of its Energy Earthshots initiative, the goal here is to foster the development of carbon capture technology that can sequester CO2 at a cost of less than $100 per ton, and can be deployed at the gigaton scale. To put that in perspective, that much carbon is equivalent to the annual emissions of approximately 250 million cars.

“By slashing the costs and accelerating the deployment of carbon dioxide removal — a crucial clean energy technology — we can take massive amounts of carbon pollution directly from the air and combat the climate crisis,” said Secretary of Energy Jennifer M. Granholm. “With our Carbon Negative Shot, we can help remove the greenhouse gases already warming our planet and affecting our health — positioning America as a net-zero leader and creating good-paying jobs for a transitioning clean energy workforce.”

If it wasn’t clear already, the Energy Department has set an ambitious target. In September, Orca, the largest direct carbon capture facility ever, opened in Iceland. The plant will capture 4,000 tons of CO2 per year at a cost of about $600 per ton for bulk purchases. Chimeworks, the company that operates Orca, aims to reduce the cost to $300 or less per ton by 2030. That’s a long way away from the Energy Department’s goal of less than $100 per ton, but sustained and substantial support and investment from the government is exactly what could make that happen.

Source: https://www.engadget.com/department-of-energy-carbon-negative-shot-204740973.html?src=rss
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The Article Was Written/Published By: Igor Bonifacic

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FBI investigating Project Veritas links to Biden daughter’s stolen diary

FBI agents executed search warrants in connection with its investigation into a burglary at Ashley Biden’s home.

Source: https://www.nbcnews.com/politics/justice-department/fbi-investigating-project-veritas-links-biden-daughter-s-stolen-diary-n1283365
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The Article Was Written/Published By: Tom Winter and Gary Grumbach and Dareh Gregorian

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US Congress passes $1 trillion infrastructure bill

Package will fund the biggest upgrade of America’s roads, railways and other transportation infrastructure in decades.

Source: https://www.aljazeera.com/news/2021/11/6/update-10-u-s-democrats-pass-1-trln-infrastructure-bill-ending-daylong-standoff
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Federal Reserve set to announce start of its withdrawal of emergency support for the economy

When the Federal Reserve wraps up its meeting today, the central bank is expected to announce that it will begin to wind down one of its biggest and most

Source: https://www.nbcnews.com/business/economy/federal-reserve-set-announce-withdrawal-emergency-support-economy-rcna4423
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The Article Was Written/Published By: Martha C. White

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Ocasio-Cortez defends climate provisions in spending bill: ‘I have to live in this future’

Rep. Alexandria Ocasio-Cortez (D-N.Y.) is defending the importance of climate change provisions in Democrats’ budget reconciliation package, saying as the youngest member of the progressive caucus, she will have to “live…

Source: https://thehill.com/homenews/house/579178-ocasio-cortez-defends-climate-provisions-in-spending-bill-i-have-to-live-in
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The Article Was Written/Published By: Jordan Williams

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US issues first passport with “X” gender marker

The US State Department has issued the first passport with the gender marked as “X.” So what the hell does X mean?

“As the Secretary announced in June, the Department is moving towards adding an X gender marker for non-binary, intersex, and gender non-conforming persons applying for a U.S. — Read the rest

Source: https://boingboing.net/2021/10/27/us-issues-first-passport-with-x-gender-marker.html?utm_source=rss&utm_medium=rss&utm_campaign=us-issues-first-passport-with-x-gender-marker
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The Article Was Written/Published By: David Pescovitz

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Abbott signs sports bill targeting transgender students in Texas

Texas Gov. Greg Abbott (R) on Monday signed a law ban…

Source: https://thehill.com/homenews/state-watch/578414-abbott-signs-sports-bill-targeting-transgender-students-in-texas
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The Article Was Written/Published By: Cameron Jenkins

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Wealthy Countries Are Spending More on Border Security Than Climate Aid

Wealthier countries are going to be several years late in delivering their promises to give money to poorer countries to help adjust to the impacts of climate change, the United Nations said Monday. A new report shows where wealthier countries could start finding extra money: their increasingly beefy military budgets.

Read more…

Source: https://gizmodo.com/wealthy-countries-are-spending-more-on-border-security-1847931924
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The Article Was Written/Published By: Molly Taft

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Texas urges Supreme Court to leave abortion ban in place, asks to overturn Roe v. Wade

Texas on Thursday asked the Supreme Court to keep in place a law that bans abortions after an embryo’s cardiac activity is detected, which can be as soon as six weeks and before many people know they are pregnant.

Driving the news: Texas Attorney General Ken Paxton is asking the high court to ignore the Justice Department’s emergency request that they temporarily block the law while federal courts consider its constitutionality since it “lacks standing because it has not been injured by SB 8.”

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• Paxton also argues that the DOJ lacks standing because it is suing the state, adding that “Texas executive officials do not enforce SB 8,” so “there is therefore no state executive or judicial official who can be enjoined” to stop enforcing the law if a temporary injunction is granted.

The big picture: The court, which currently has a 6-3 conservative majority, previously allowed the law to go into effect but did not rule on its constitutionality.

Context: Instead of being formally enforced by the state, the law encourages private citizens to sue anyone who assists pregnant people with getting an abortion.

• Chief Justice John Roberts has called the Texas law’s enforcement “not only unusual, but unprecedented.”

Catch up quick: Earlier this month, a three-judge panel for the 5th U.S. Circuit Court of Appeals denied the DOJ’s initial emergency request to suspend the ban.

• In response, the DOJ on Monday asked the Supreme Court to temporarily block the law while federal courts consider its constitutionality.
• The department argued that the ban is “plainly unconstitutional” because it violates Roe “by banning abortion long before viability — indeed, before many women even realize they are pregnant.”

Between the lines: In its request, the DOJ also raised the possibility that the Supreme Court could take up their case (U.S. v. Texas) before lower courts reach a decision.

• Paxton said that if the court does decide to take up the case and hear arguments, it should consider overturning the 1973 landmark case Roe v. Wade, which legalized abortions in the U.S., and the 1992 case Planned Parenthood v. Casey, which upheld the right to get an abortion.

What’s next: The Supreme Court could either grant or reject the DOJ’s application, or it could decide to take up the entire case.

• If they decide to hear the case, it would mean the court would hear two major abortion cases this term that would challenge Roe, including Dobbs v. Jackson Women’s Health Organization, a challenge to a Mississippi law that bans nearly all abortions after the 15th week of pregnancy.

Read Texas’ response:

Source: https://www.axios.com/texas-supreme-court-leave-abortion-ban-75372304-7c2c-4274-9a3a-83c849ba15dc.html
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The Article Was Written/Published By: Oriana Gonzalez

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House votes to hold Bannon in contempt of Congress

The House of Representatives voted 229-202 on Thursday to hold former Trump strategist Steve Bannon in contempt of Congress for refusing to comply with a subpoena from the Jan. 6 select committee.

Why it matters: The Justice Department will now consider bringing criminal charges against Bannon, marking a significant escalation in the Jan. 6 committee’s efforts to enforce subpoenas against Trump allies who refuse to cooperate.

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Between the lines: If the vote demonstrated Democrats’ united front in using any means necessary to uncover facts about Trump’s role in Jan. 6, it also showed similar unity among Republicans for opposing the investigation.

• A total of 9 Republicans, including Reps. Liz Cheney (R-Wyo.) and Adam Kinzinger (R-Ill.) — the two Republicans on the Jan. 6 committee — voted in favor of the resolution.
• The others are Nancy Mace (R-S.C.), Peter Meijer (R-Mich.),  Anthony Gonzalez (R-Oh.), Fred Upton (R-Mich.), John Katko (R-N.Y.), Brian Fitzpatrick (R-Pa.) and Jaime Herrera Beutler (R-Wash.).
• Of the Republicans who voted for the resolution, all but two, Fitzpatrick and Mace, voted for Trump’s impeachment in January.
• Rep. Greg Pence (R-Ind.), whose brother Mike Pence was one of the high-profile targets of the Jan. 6 attack, was the only Republican who didn’t vote. “Congressman Pence has a family medical emergency he is attending to, however he would have voted no,” a Pence spokesperson said.
• House Republican leadership whipped against the bill, telling members the subpoenas go beyond congressional authority and that the select committee “does not get to step into the shoes of law enforcement.”

The big picture: Bannon is just one piece of a far broader investigation into the attack.

• The committee has subpoenaed three other former Trump aides, including former Chief of Staff Mark Meadows, and nearly a dozen organizers of a rally that preceded the attack.
• Rep. Bennie Thompson (D-Miss.), the chair of the committee, said Wednesday Bannon is the only person subpoenaed by the panel who has “totally ignored the process.”
• The committee has also sent document requests to government agencies, as well as social media and telecom companies, to piece together a comprehensive report on the attack.

What to watch: There has not been a successful prosecution under the criminal contempt statute since the Reagan administration. Assuming DOJ does bring charges, experts say it could take months, or even years, for Bannon to be convicted.

Editor’s note: This post has been updated with a comment from Pence’s spokesperson.

Source: https://www.axios.com/bannon-contempt-congress-house-24e2ebcd-fbfd-4bfb-93a1-35b1fdf8fcf9.html
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The Article Was Written/Published By: Andrew Solender

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Texas GOP approves redistricting maps amid Democratic outcry

New redistricting maps were approved by Texas Republicans on Monday amid state Democrats arguing that the maps were the product of a rushed process.The state GOP lawmakers approved redrawn U.S. House maps that appe…

Source: https://thehill.com/homenews/state-watch/577335-texas-gop-approves-redistricting-maps-amid-democratic-outcry
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The Article Was Written/Published By: Cameron Jenkins

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Biden administration asks Supreme Court to block Texas abortion ban

The Biden administration has asked the Supreme Court to take emergency action that would block Texas’ novel abortion ban from being enforced while litigation over its constitutionality goes forward.

The Justice Department’s new filing, submitted Monday, asks the justices to restore a preliminary injunction a federal district court judge in Texas issued earlier this month after concluding that the law violates longstanding legal precedent by seeking to ban abortions after about six weeks gestation.

“Allowing S.B. 8 to remain in force would irreparably harm those interests and perpetuate the ongoing irreparable injury to the thousands of Texas women who are being denied their constitutional rights,” acting Solicitor General Brian Fletcher wrote in the 39-page application. “Texas, in contrast, would suffer no cognizable injury from a preliminary injunction barring enforcement of a plainly unconstitutional law.”

The new request appears to face an uphill battle at the high court because a previous submission from abortion providers for an emergency order blocking the law was turned down by the justices, 5-4.

However, the Biden administration argued that the new request stands on firmer ground for technical reasons. Fletcher said that the doctrine of sovereign immunity undercut the abortion providers’ case but poses no obstacle to the suit filed by the Justice Department last month.

“This suit does not raise those questions because it was brought against the State of Texas itself, and the State has no immunity from suits by the United States,” Fletcher wrote.

The New Orleans-based 5th Circuit Court of Appeals plans to hold oral arguments on the Texas law in December, right around the time the Supreme Court is set to take up Mississippi’s 15-week abortion ban and the fate of the nearly-half-century-old precedent guaranteeing abortion rights, Roe vs. Wade.

The high court is likely to act in the coming days or weeks on the latest request to freeze enforcement of Texas’ ban. But for now, nearly all abortions in the state have halted, forcing those who have the financial means to travel out of state for the procedure.

Texas’s abortion ban took effect Sept. 1 after the justices failed to rule on the abortion providers’ emergency motion before the law’s effective date. It was not until the early hours of the following day that the high court’s ruling emerged formally rejecting the request.

The justices’ decision not to step in last month made Texas the first state to implement a ban on abortion early in pregnancy since the Supreme Court found a constitutional right to the procedure in 1973.

The Texas law was designed to be difficult to preempt in court because its enforcement depends on suits filed by private parties, rather than state or local prosecutors. The measure, dubbed a “heartbeat” law by its proponents, prohibits abortions from the time cardiac activity can be detected in the fetus — typically about six weeks into pregnancy.

Under the law, individuals who assist someone in obtaining an abortion face a minimum penalty of $10,000 if successfully sued under the statute. The threat of such suits — and a smattering of them actually filed in court in recent weeks — have led most abortion providers in the state to stop providing most abortions.

One of the biggest forces behind the law, the anti-abortion advocacy group Texas Right to Life, said because of this unusual enforcement mechanism they are confident the law “will ultimately withstand this legal challenge and succeed where other states’ heartbeat bills have not.”

The statute was briefly blocked by Austin-based U.S. District Court Judge Robert Pitman on Oct. 6, but was reinstated just 48 hours later by a 5th Circuit panel, which clinics said caused chaos for patients across the state.

“When the Fifth Circuit panel stayed the preliminary injunction last weekend, more than 20 patients at Planned Parenthood health centers had urgent care ripped away from them — even though they had access less than 24 hours before,” said Helene Krasnoff of Planned Parenthood Federation of America. “We appreciate the Department of Justice moving quickly to ask the Supreme Court to intervene.”

The law includes no exemptions for victims of rape or incest, and it has prompted patients as young as 12 to seek out abortion clinics hours away in neighboring states.

Source: https://www.politico.com/news/2021/10/18/supreme-court-texas-abortion-ban-biden-administration-516192
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The Article Was Written/Published By: Josh Gerstein and Alice Miranda Ollstein

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Author of controversial Trump Russia dossier speaks out: ‘I stand by the work we did’

Christopher Steele, the former MI6 agent behind the controversial “Steele Dossier” that gathered intel on possible links between former President Trump and Russia, has defended himself and his work against critics in his…

Source: https://thehill.com/homenews/media/577153-author-of-controversial-trump-russia-dossier-speaks-out-i-stand-by-the-work-we
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The Article Was Written/Published By: Sarakshi Rai

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Appeals court rules Texas can continue to uphold restrictive abortion law

Decision extends a previous order that keeps SB8 in place; the conservative court has previously sided with the state

Texas can continue banning most abortions after a federal appeals court on Thursday rejected the Biden administration’s latest attempt to undo a novel law that has become the country’s biggest curb to abortion in nearly 50 years.

It pushes the Texas law closer to returning to the US supreme court, which in September allowed the state to move ahead with banning abortions once cardiac activity is detected, usually around six weeks. No exceptions are made in cases of rape or incest.

Continue reading…

Source: https://www.theguardian.com/us-news/2021/oct/14/texas-abortion-ban-federal-appeals-court-ruling
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U.S. to reopen border to international travelers on Nov. 8

The U.S. will reopen its border to fully vaccinated foreign travelers on Nov. 8.

White House assistant press secretary Kevin Munoz on Friday announced the new U.S. travel policy, which applies “to both international air travel and land travel.”

“This policy is guided by public health, stringent, and consistent,” Munoz wrote on Twitter.

The U.S. border has been closed to discretionary travel since March 2020.

The squeeze: The Biden administration has been under intense pressure for months to remove travel restrictions for nonessential, fully vaccinated travelers at the frontier, especially at land ports of entry.

Earlier this week, the Biden administration announced that land and ferry borders would be opened next month to fully vaccinated travelers coming from Canada and Mexico.

Open questions: A concern for many travelers, and Canadians in particular, is whether the U.S. will accept travelers who were given a mixed-dose regimen of two different Covid-19 jabs.

A Canadian government source told POLITICO on Friday said the Trudeau government has yet to receive any updates from the U.S. on its policy for mixed vaccine doses.

The U.S. will look to the Centers for Disease Control and Prevention for the appropriate definition of “fully vaccinated,” a U.S. government official told POLITICO late Thursday. The public will get an answer prior to the date of the reopening, the official said.

International visitors who’ve received a full dose of vaccines authorized by either the FDA or listed for emergency use by the World Health Organization will meet the criteria for entry into the U.S., CDC spokesperson Jade Fulce said this week. Fulce said the CDC will release additional guidance and information as the travel requirements are finalized later this month.

The background: Jeff Zients, head of the White House’s Covid-19 Response Team, last month outlined that foreign nationals must show proof of vaccination and proof of a negative Covid-19 test taken three days prior to boarding an airplane.

Also in September, the CDC filed a notice with the Office of Management and Budget to collect data from vaccinated international travelers. The notice is still pending review.

Zients explained the data will act as a “public health surveillance system.” U.S.-bound travelers will be asked to offer up their phone number and email address to give the CDC and state and local health officials the ability to follow up with travelers if they have potentially been exposed to Covid or other diseases.

Quarantine for vaccinated travelers coming into the U.S. will not be required; any unvaccinated Americans returning to the U.S. will be subject to stricter testing requirements, Zients said. “They will need to test within one day of departure and will be required to test again post their arrival.”

For land border crossings, the ease in restrictions will not apply to asylum-seeking migrants under public health services law, Title 42. That law “remains in place,” White House press secretary Jen Psaki said Wednesday.

What’s next: Expect more guidance on the contact tracing system, potential exemptions and information provided to airlines, as well as how this affects travel for children in the coming weeks.

Source: https://www.politico.com/news/2021/10/15/us-reopen-border-international-travelers-516082
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The Article Was Written/Published By: Andy Blatchford and Oriana Pawlyk

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Texas House passes bill targeting transgender students in sports

The bill would require students at public schools to play on sports teams based on the genders on their birth certificates.

Source: https://www.nbcnews.com/politics/politics-news/texas-house-passes-bill-targeting-transgender-students-sports-n1281624
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The Article Was Written/Published By: Phil Helsel

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Sanders blaming spending bill delay on corporate lobbying

Sen. Bernie Sanders (I-Vt.) on Wednesday said that efforts to finalize and vote on a roughly $3.5 trillion dollar Democratic spending bill is being delayed because of corporate lobbying.In a new …

Source: https://thehill.com/homenews/senate/576595-sanders-blaming-spending-bill-delay-on-corporate-lobbying
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The Article Was Written/Published By: Caroline Vakil

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