Investors Say They are Betting Inflation Is Here to Stay

Wall Street sign

Investors bet on the U.S. entering an era of sustained high inflation as Treasury yields spike, according to Reuters.

The bond market has seen a surge in interest rates for 10-year Treasury yields, reaching 4.59 percent, the highest point since September 2007 before the country was sent into a recession just months later, according to the Federal Reserve Bank of St. Louis. The state of the bond market indicates that investors believe that the age of low inflation and interest rates is over as the country enters a “high-pressure equilibrium,” driving inflation higher than what was previously considered normal, according to Reuters.

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Hobbs Admin Suggests Yee Broke Law at State Board of Investment Meeting

The Hobbs administration suggests that Treasurer Kimberly Yee violated state law by refusing to recognize agency-based board members at a State Board of Investment meeting on Tuesday.

Yee did not acknowledge the employees from two departments in response to Gov. Katie Hobbs’ decision to pull all of her agency director picks from Senate consideration in order to avoid dealing with the Arizona Senate Committee on Director Nominations, which the governor dubbed hyper-partisan in nature, The Center Square reported.

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Eventbrite Cancels De-Transitioner Chloe Cole Event for Violating Policy Against ‘Hateful, Violent, and Dangerous Events’

Eventbrite has canceled an event speaking out against the treatments and surgeries being done to transitioning minors, citing that it violates a policy on “hateful, violent, and dangerous events.”

The event will be hosted by the Palmetto Family Council in South Carolina and will feature de-transitioner Chloe Cole. It’s set to take place on Nov. 7.

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Ramaswamy Campaign Asks RNC to Cut Debate Stage

The Hill GOP presidential candidate Vivek Ramaswamy’s campaign is asking the Republican National Committee (RNC) to cut the number of candidates for the third debate down to the top four.  Vivek 2024 CEO Ben Yoho urged the RNC to limit the next debate to the top four candidates in national polling besides former President Trump, in a letter addressed to RNC Chairwoman Ronna McDaniel and Committee on Arrangements co-Chairs David Bossie and Anne Hathaway. He also asked the RNC to raise the donor threshold to 100,000 donors.    “But against the backdrop of a chaotic second debate and the reality of a frontrunner who has declined to participate, we respectfully call on the RNC to revise its approach so that Republican voters can focus on serious candidates who have a viable path to beating Joe Biden—or whomever the Democrats put up to replace him,” Yoho wrote in the letter obtained by The Hill.  READ THE FULL STORY    

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American Library Association Helped Draft Bill Cracking Down on Limits the the Availability of Sexually Explicit Books to Children

The former president of the American Library Association (ALA) said the organization helped “develop” legislation intended to combat attempts to remove sexually explicit books from school libraries, according to documents obtained by the Daily Caller News Foundation.

The Right To Read Act, reintroduced by Democratic Rhode Island Sen. Jack Reed and Democratic Arizona Rep. Raúl Grijalva in April, ensures students can access “culturally diverse and inclusive materials,” including sexually explicit books, as well as granting liability protections for librarians who curate these materials. The bill is explicitly intended to rebuff efforts by parents and Republican lawmakers to remove sexually explicit content from school libraries, according to a press release from the lawmakers.

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The Border Crisis Is Crippling U.S. Companies’ Supply Chains

Trade across the U.S.-Mexico border is being severely hampered due to an ongoing migrant crisis that is threatening businesses’ supply chains, according to The Wall Street Journal.

The southern border is facing a massive influx of migrants crossing into the U.S. illegally, with the U.S. Border Patrol reporting that a record high of 22,000 illegal migrants were being held in custody on Tuesday as opposed to just 7,696 on June 8. Trade that U.S. companies rely on for their supply chains is being hampered due to delays at points of entry that are being shut down by Border Patro to address the surge, according to the WSJ.

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Energy Groups Call on Biden to Revise ‘Punitive’ Leasing Regulation Plan

Fourteen U.S. energy groups have called on the Biden administration to prioritize U.S. energy production and American’s energy needs by developing fair and consistent federal leasing regulations.

They submitted comments to the U.S. Department of the Interior’s Bureau of Land Management (BLM) over a newly proposed Fluid Mineral Leases and Leasing Process rule. The rule implements changes related to royalty rates, rentals, and minimum bids for BLM-issued oil and gas leases and updates bonding requirements for leasing, development and production.

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China Ramps Up Crackdown on American Tech

Over the past few months, China has escalated its efforts to exert control over American technology companies by implementing new requirements, bans and restrictions.

The Chinese government is clamping down on American technology companies by throttling their already limited access to the country’s massive economy, according to new requirements, The Wall Street Journal reported on Friday. The country has also challenged American technology dominance by developing rivals to the latest smartphones and artificial intelligence (AI), as well as announcing export limits to key metals in July.

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Tobacco Company-Owned Food Brands More ‘Tempting’ than Competitors: Addiction Study

Food brands owned by tobacco companies produce foods that are more hyperpalatable than those produced by non-tobacco companies, new research from the University of Kansas shows.

The research found that they are more likely to feature “purposely tempting combinations of salts, fats, and sugars,” according to a press release from the University of Kansas.

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Pennsylvania Latest State to Embrace Automatic Voter Registration, Triggers New Integrity Fears

Gov Josh Shapiro

Pennsylvania Gov. Josh Shapiro (D) has implemented automatic voter registration, triggering new legal and election integrity concerns over voter roll maintenance as nearly half of U.S. states now follow such a policy.

Shapiro announced last Tuesday that the commonwealth would implement automatic voter registration, which means that residents obtaining state ID cards and driver’s licenses at Department of Transportation (PennDOT) centers will be automatically registered to vote.

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Commentary: U.S. Military-Sanctioned Diversity Initiatives Are Out of Control

As those who have ever served in the military know, the United States Armed Forces is one of the most culturally and socioeconomically diverse institutions in America. It is full of patriotic Americans from all walks of life who come together to serve their country, fight for it, and ultimately die for it if called to. To have served in the military in any form is to be a member of an exclusive club in this country. Although there are some barriers to entry, race is not among them.

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Virginia GOP State Senate Hopeful Emily Brewer Tells John Fredericks Her Adoption Story Blunts Left’s Abortion Narrative

The Republican House Delegate running to represent the State Senate’s 17th District told radio host John Fredericks she counters the Democrats’ pro-abortion messaging with her own adoption story during her Thursday “The John Fredericks Show” appearance.

“I was adopted. It’s something that ever since I’ve been in the House of Delegates in the past six years, I’ve worked on adoption and foster care reform because that’s not just the issue,” said Delegate Emily Brewer, who currently represents the chamber’s 64th District.

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SK Battery Cuts Georgia Jobs Months After Company’s Waste Blamed for Fire

SK Battery announced layoffs for its Jackson County, Georgia plant this week despite previously expanding rapidly in Georgia. The layoffs came just months after a local business owner blamed the company for a fire that destroyed his recycling company and launched a lawsuit.

The battery company announced layoffs last Tuesday, with a spokesman describing them as “job reductions” when speaking to The Atlanta Journal-Constitution. The spokesman stressed the company is “not disclosing the number” of cut jobs, and the plant still employs 3,000 Georgians.

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U.S. Senator Bill Hagerty Blasts Continuing Resolution for Failure to Include ‘Serious Border-Security Measures’

Sen. Bill Hagerty (R-TN) blasted the passage of the 45 day Continuing Resolution that included no spending cuts and failed to properly increase funding for U.S. border security.

The bill passed the House on Saturday in a 335 to 91 vote, then passed the Senate in an 88 to 9 vote, and was signed into law by President Biden just hours before the midnight deadline on Saturday, when funding for the 2022-2023 federal fiscal year. The bill continues funding the government at 2022-2023 levels until November 15.

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Wisconsin Congressman Mike Gallagher’s DADDY Act Aims to End ‘Hunter Biden-Like Influence Peddling’

As concerns mount about alleged Biden family pay-to-play schemes, U.S. Representative Mike Gallagher is introducing the  Deterring Attempts at Dirty Deals by Youngsters — or DADDY — Act.

The bill bans immediate family members of the president, vice president, and cabinet officials from working for certain foreign companies while their family members are in office.

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Commentary: RFK Jr. as Independent Would Propel Trump to Deliver Crushing Blow

by Roger Kimball   So it looks as if Robert F. Kennedy, Jr., is just about to turn up the volume. It was bad enough for the Democratic establishment when he announced he was going to run for President on the Democratic ticket. Didn’t he know that The Committee already had its heir and a couple of spares, none of whom was named Kennedy? “Look at your poll numbers, Bro. Even against a senile and visibly failing puppet you are trailing by 50 or 60 points. Give it up now before you embarrass yourself further!” No such luck. It seems that Kennedy is in for the duration. A couple of days ago rumors started circulating that he would soon announce that he was going to run as an independent. Several sources put the magic day as October 9. As I have said elsewhere, I think Kennedy and Vivek Ramaswamy are — or at least were — the most interesting things to happen in the early stage of this campaign. Both are ferociously articulate. Both have lots of ideas. And neither is named “Trump,” the kiss of death among uniparty factota, Republican as well as Democratic. According to my astrolabe, the glitter has dissipated somewhat…

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Audit: Arizona Public Safety Pension System Had Unreported Conflicts of Interest

A report from the Arizona Auditor General is making five recommendations for the Public Safety Personnel Retirement System after finding a business deal between an administrator and former board members could have jeopardized fiduciary obligations.

The report found that the former system administrator and two board members had business-related conflicts of interest that they failed to properly disclose.

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Nonprofit Group Warns of Increasing Number of Overdose Deaths

A nonprofit organization’s analysis of government data estimates drug overdose deaths increased 1.7% in 2023 to reach a new record high.

The CDC estimates that more than 111,000 Americans died from a drug overdose in the 12-month period that ended in April. More than 77,000 of those deaths involved fentanyl and other synthetic opioids other than methadone. Both are record highs and increases over the prior year, according to Families Against Fentanyl. 

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