A new strain of coronavirus, the Omicron variant, has been detected in more than a dozen countries across at least five continents and global markets have been trending lower amid increasing concerns. Investors tend to rotate into the highest quality big tech stocks amid uncertainty, according to Evercore ISI analyst Mark Mahaney. “Facebook and Amazon…
Powell: Fed ‘Not at All Sure’ Inflation Will Fade Next Year
December 2, 2021
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WASHINGTON—In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can’t be sure that price increases will slow in the second half of next year as many economists expect. Powell told the House Financial Services Committee that most economists regard the current price spikes, which have…
Former Trump Aide Max Miller Shifts Campaign After Redistricting
Former Trump aide Max Miller on Friday announced that he is shifting his campaign to Ohio’s newly-formed 13th congressional district after his own district was eliminated through redistricting. Miller lives in the newly formed district and said in a statement that it makes up a large portion of where he has been campaigning. “The District…
Republican Defeats Democrat Mayoral Candidate Despite Top Endorsements
Endorsements from top Democrats including President Barack Obama and House Majority Whip Jim Clyburn (D-S.C.) were not enough to secure a victory for the Democrat mayoral candidate in Columbia, South Carolina. Republican Daniel Rickenmann defeated Democrat Tameika Isaac Devine during Tuesday night’s mayoral election in Columbia by 4 percentage points. Richland County, where Columbia is located, saw…
Logitech Sees Logistics, Component Crisis to Extend to 2022
Logitech International SA CEO Bracken Darrell expects logistics problems and component shortages to continue at least into early 2022, Reuters reports. “We will have some issues delivering at the levels of demand that are out there. But we have strong levels of inventory,” Darrell said. Logitech was also adding new suppliers and relying on its long-term…
Pelosi Responds to Speculation She Might Retire in 2022
House Speaker Nancy Pelosi (D-Calif.) did not issue a definitive answer about whether she will run for reelection in 2022 while she was being questioned during a Sunday morning interview. Pelosi, who was first elected to the House in 1986, was asked on CNN’s “State of the Union” if she is planning on running for…
Human Rights Activists Slate IOC’s Stance on Upcoming Beijing Winter Olympics
Rights groups and others have voiced their concerns over comments made by International Olympic Committee vice-president John Coates, who has ruled out pressing the Chinese regime over its human rights record ahead of the 2022 Beijing Winter Olympics. Speaking to reporters at the National Press Club of Australia on Oct. 13, Coates said that the…
CEO of COVID-19 Vaccine Maker Says Different Vaccine May Be Needed by Next Year
The head of BioNTech, which makes one of the most common COVID-19 vaccines in the world, said that new vaccines might be necessary by 2022 to combat the “next generation” of COVID-19 variants. BioNTech’s chief executive officer Ugur Sahin told the Financial Times that the new strains of the CCP (Chinese Communist Party) virus, which…
Sen. Chuck Grassley to Seek Eighth Term
One of the longest-serving U.S. senators is running for re-election, he announced Friday. Sen. Chuck Grassley (R-Iowa) will seek an eighth term. Grassley, 88, has been in office since 1981. “Serving Iowans in the United States Senate is a tremendous honor. I’m working as hard as ever for the people of Iowa and there’s more…
Democrat Strategist Warns: Biden, Pelosi ‘Could Endure a Blowout Defeat’ in 2022 Midterms
A longtime Democrat strategist warned members of his own party that they could face a blowout loss during the 2020 midterms. “The marked decline in support for President [Joe] Biden and his administration nationally and in key swing states indicates that the Democratic Party could endure a blowout defeat in the 2022 midterm elections,” Douglas…
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