The Show Notes: Russia Retreats, Recession Coming, & Blatant Media Bias
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Clip of the day:
Russia Retreats
The war in Ukraine has radically shifted this week following heavy casualties for the Russians on multiple fronts. The Russian military is retreating from two northern regions and the Ukrainian capital of Kyiv to the far eastern province of Donbas where intense street fighting has been reported. Ukrainian officials are urging the 4.1 million civilians to leave the Donbas region while they still have a chance. Here are more Ukraine headlines:
U.S. sanctions Putin’s kids. - CNBC
Turkey sends diplomats back to Kyiv. - WSJ
Russia’s failure to take down Kyiv was a defeat for the ages. - AP New
UN decides Thursday whether to kick Russia off human rights council or not. - WaPo
US Treasury blocks Russia from paying down debt. - Politico
China refuses to blame Russia for Bucha killings. - AP News
Total energy embargo against Russia? - The Telegraph
U.S. will toughen sanctions against Russia following Bucha killings. - WaPo
Looming Recession?
Rising interest rates and surging inflation have Deutsche Bank economists officially predicting a recession in late 2023. Goldman Sachs echoed these concerns estimating a 38% chance of a recession in the next 24 months. More from The Hill:
“We no longer see the Fed achieving a soft landing. Instead, we anticipate that a more aggressive tightening of monetary policy will push the economy into a recession,” the Deutsche Bank economists said in the report, according to CNN.
The bank specifically predicted a “mild recession” with unemployment peaking above 5 percent in 2024. But the bank also warned that there was “considerable uncertainty” surrounding the matter.
More Problems For Democrats
Democrats are dealing with a fresh list of negative headlines out this morning. Take a look:
Democrats find themselves on the defensive over gas prices. - MSN
Ex-wife accuses Warnock of neglecting kids and failing to pay child support. - Free Beacon
Terrible’ messaging on lifting of Trump-era border restriction alarms Dems - Politico
Democrats set to blame oil companies for high gas prices. - WaPo
Mark Kelly’s break with Biden. - Politico
Media Smears Conservative
There are a bunch of news headlines out this morning smearing conservatives over Florida’s “Don’t Say Gay” bill (we know that’s not the real name.) Despite the obnoxious headlines, 61% of Floridians support the bill.
Teachers who mention sexuality are ‘grooming’ kids, conservatives say - WaPo
Conservatives Are Smearing ‘Don’t Say Gay’ Opponents as Pedophile ‘Groomers’ - Vice
Why are Republicans so concerned about 'grooming'? - The Week
Why Republicans are smearing everyone as pedophiles now. - NY Mag
The QAnon part out loud: GOP smears political opponents as ‘pro-pedophile’ - MSNBC
It Pays To Be Transgender
A California city is paying residents to be transgender. This is from Fox News:
Transgender residents in Palm Springs, California are eligible to receive a UBI of up to $900 per month solely for identifying as transgender or nonbinary — no strings attached.
The new pilot program will have $200,000 set aside for allocation after a unanimous vote by the Palm Springs City Council last week.
The rest of the news:
Florida Democrats want to win back Latino voters. It could be too late. - Politico
Political turmoil coming to Pakistan? - Reuters
30-year fixed mortgage rate crosses 5%. - CNBC
Surging interest rates push mortgage demands down 40% from last year. CNBC
Pinterest is banning content deemed climate change misinformation. - WSJ
ABC, NBC, CBS ignore mass exodus of Kamala Harris staffers: 'They don’t seem to care' - Fox News
Nobel economists were dead wrong on inflation: Don’t expect an apology - The Hill
Twitter tests the edit button. - CNBC
Tweets that caught my eye:
Market snapshot:
