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🔥 MUST READ: Why I Resigned From the DC Abortion Fund - Tablet
HEADLINE: FBI concerned about possible coordinated attack in US after Russia massacre - Reuters
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SPACE: Nasa ‘shocked’ by how close Russian spacecraft came to hitting satellite - Yahoo
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Biden’s Economic Problems
Black men are ditching President Biden in favor of Donald Trump at a staggering rate according to a bipartisan Wall Street Journal poll released this morning.
Details: 30% of black men across seven swing states claimed to support Donald Trump, nearly tripling his support from the same demographic in 2020.
Black women: While Donald Trump’s support among Black women nearly doubled from 6% to 11% across the seven swing states, the most notable piece of data was that 42% of Black women remained undecided ahead of election day. This is what the pollsters had to say about the data:
While Latino women and Black men in the survey also signaled in large numbers that they remain persuadable in their vote choice, the share of Black women is noteworthy, given that they are among the most loyal Democratic groups in the electorate.
Why this matters: When pressed on the reasoning for Black Americans to ditch President Biden, two key themes emerged: immigration and inflation.
Inflation: Yesterday’s higher-than-expected inflation reading showed that prices increased more than expected for a third consecutive month disproportionately impacting Black Americans. Everyday necessities like car insurance, vehicle repairs, eldercare, and baby formula increased by double-digit percentages with two categories notching record price hikes. At the same time, housing affordability reached a low not seen since the record-high inflation days of the 1970s according to a separate Wall Street Journal piece. As a result, more than 1 in 5 homeowners can’t afford a $500 repair on their primary residence without going into debt.
Rate cuts: The inflation data was so alarming that former U.S. Treasury Secretary Lawrence Summers said, ‘You have to take seriously the possibility that the next rate move will be upwards rather than downwards.’ Nick Timiraos - widely considered to be the top reporter on the Federal Reserve - is now calling into question whether the Fed can cut rates at all in the near future. None of this is good news for President Biden.
Bonus: Credit-card delinquency rates were worst on record in Fed study - Bloomberg
Iran’s Imminent Attack
President Joe Biden forcefully claimed the United States support of Israel is “ironclad” after mounting evidence suggests an attack from Iran or an Iranian proxy is increasingly likely.
Details: Bloomberg took things a step further by deeming a “major missile or drone strike” against Israel should be considered imminent within the coming days. Tensions between Israel and Iran hit a boiling point after Israel targeted an Iranian consulate that killed the highest-ranking Iranian general since the death of Qasem Soleimani.
More: Concern peaked again this morning when reports from an Iranian news agency claimed that Iran’s airspace was closed to practice military drills. The agency quickly deleted the story and claimed it was never published.
Bonus: Senior U.S. general to visit Israel to coordinate on Iran attack threat - Axios
Trending news:
An astronaut is landing on the moon. For the first time, it won't be an American - MSN
Russian opposition leader Alexei Navalny's memoir to publish in October - Axios
US will require background checks for gun shows and online firearm sales - The Guardian
Pacific castaways’ ‘HELP’ sign sparks US rescue mission – and an unexpected family reunion - CNN
Truong My Lan: Vietnamese billionaire sentenced to death for $44bn fraud - Yahoo
US wholesale inflation heated up again last month - CNN
Florida 2024 Poll: Plurality Plan to Vote “Yes” on Abortion Protection Ballot Measure - Emerson
About 1 in 4 U.S. teachers say their school went into a gun-related lockdown in the last school year - Pew
NY Pension Costs to Rise by More Than $4 Billion Under New Plan - Bloomberg
Market snapshot:
Today's article from the Guardian about "closing the gun show and internet loophole" is ridiculous. As a gun collector who has bought and sold many guns over the last 2 decades I can personally affirm what most gun rights groups have been saying for years: that this alleged "loophole" represents such a ridiculously small number of purchases annually as to be a statistically negligible phenomenon. The biggest problem, my gun store owner friends tell me, is straw purchases, wherein a relative or often a girl friend buys a gun for a convicted felon. There is also a criminal black market for gun purchases. I feel that you need to research this and report on the truth of the matter. Furthermore, as I recall, neither common gun crimes nor mass shootings are statistically associated with these types of "loophole" purchases.
THIS: "...more than 1 in 5 homeowners can’t afford a $500 repair on their primary residence without going into debt."
AND THIS: "Rate cuts: The inflation data was so alarming that former U.S. Treasury Secretary Lawrence Summers said, ‘You have to take seriously the possibility that the next rate move will be upwards rather than downwards.’
AND FINALLY THIS: "Bonus: Credit-card delinquency rates were worst on record in Fed study"
So Bidenomics economic stupidity combined with his work to cancel fossil fuels combined with all the foreign conflict in the world that has happened under his "leadership"... that has jacked up the costs of diesel, gas and energy and everything else... and the people are having to go into debt to cover their needs, and Biden throws gas on the fire by jacking up interest rates on borrowing.
Democrats are the most tone-deaf species to roam the planet.