Rep. Jim Jordan (R-OH) grilled Federal Reserve Chair Jerome Powell on Tuesday afternoon about high inflation and high unemployment in the United States. Powell testified before the House of Representatives’ Subcommittee on the Coronavirus Crisis to discuss the United States’ economic recovery following COVID-19 and the lockdown-induced recession. In prepared remarks , he emphasized rising vaccination rates, improving GDP projections, and growing consumer expenditures. Powell admitted that inflation rates are rising and “participation in the labor market has not moved up from the low rates that have prevailed for most of the past year” — a reality relevant to the Fed’s “dual mandate to promote maximum employment and stable prices for the American people.” During his questioning time, Jordan immediately challenged Powell on the policies affecting the Fed’s ability to carry out its mandate. pic.twitter.com/xSvKEpqc5d — Rep. Jim Jordan (@Jim_Jordan) June 22, 2021 … [Read more...] about ‘Unstable Employment,’ ‘High Inflation’: Jim Jordan Blasts Fed Chair Powell In Hearing On COVID Recovery
Inflation how does it affect us
With just over a week left until the federal eviction ban expires , the race to get emergency rent relief to as many struggling tenants and landlords as possible is in its final stretch. More from Financial Empowerment How much house can I afford? How does inflation affect my standard of living? How much do I need to save for retirement? "It is a race against the clock," said Diane Yentel, president and CEO of the National Low Income Housing Coalition. After a slow start, the pace of distributing the $46 billion for rent relief that was allotted in the December stimulus package and the American Rescue Plan has improved. But it won't get to everyone who needs it in time. In June, more than $1.5 billion in assistance was delivered to 290,000 eligible households, according to the US Treasury Department, more money than what was doled out from January through May. The number of households that received aid is up from … [Read more...] about Rent relief efforts slowly ramp up as millions could soon face eviction
The line snaked out of Atlanta sex club Trapeze, as around 20 people, dressed in white lingerie and chest-baring white dress shirts, waited to get in. It was a pleasantly cool June evening and the smell of perfume, cigars, and fried food permeated the air. I was standing in line with my boyfriend. It was our first time back at a sex club since they started reopening, and the place was packed with mask-free revelers who paid $80, on top of the $50–$100 membership fee, to fuck people who weren’t their partners. We gave our Absolut Lime to the clerk (the club is BYOB per Georgia law), and I teetered on my $20 Dolls Kill lucite heels to the main bar and food area, where couples on the prowl guzzled the booze they had brought and noshed on cheesecake. Early 2000s heterosexual porn played on an LED screen dangling over an espresso machine. A woman in lingerie wrapped her body around the stripper pole on the dance floor, drinking in the lust greedily as revelers ogled her and her husband … [Read more...] about Sex Parties Are Back
( CBS New York ) — Stimulus checks have helped families during COVID, especially those that lost income. The pandemic continues, as the Delta variant pushes case numbers up among the unvaccinated in many states. But life around the country is settling into a new normal, and economic conditions are generally improving. The rising economy isn’t lifting everyone, however. Some people’s finances have improved, while other people’s have not. Unemployment still exceeds pre-pandemic levels, even with jobs widely available in certain sectors. Many states have already discontinued the federal unemployment bonus. Meanwhile, the federal eviction moratorium ends this week, and millions of people are still short of food and behind on bills. As of July 15, the new Child Tax Credit is helping some families. Despite the available aid, a fourth stimulus check might better serve those still in need. Can Americans expect another payment in 2021? That question is still part of the national … [Read more...] about Fourth Stimulus Check: Will Another Another Relief Payment Come This Year?