U.S. poverty spiked over the last year, with child poverty more than doubling, the U.S. Census Bureau reported Tuesday, while the proportion of people lacking health insurance in 2022 dropped to an uncommonly low level.
U.S. poverty spiked in 2022, reversing gains, Census Bureau data shows
Tag: stimulus payments
What if we cut the defense budget to give Americans inflation relief?
Tulsi Gabbard’s defection from the Dems is correct – but clearly a grift
The former rising star of the Democrats may be wrong on some points, but her main reason for ditching Team Blue is sound
Tulsi Gabbard’s defection from the Dems is correct – but clearly a grift
Related:
‘Spend This Money’: Biden Calls on States to Devote Stimulus Funds to Police
White House Leaves Door Open For Additional SPR Releases + It’s Implications
The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the nation’s Strategic Petroleum Reserves.
White House Leaves Door Open For Additional SPR Releases
Related:
The Implications Of U.S. SPR Withdrawals
Implications of OPEC-+ Production Cut
I think OPEC has not learned from its past mistakes, as it is not a good time to cut oil production by 2 million bpd in November 2022, especially at a time when global economies are under pressure. While higher oil prices at this juncture may bring much needed oil revenues to (national) oil companies and OPEC members, this will come at the cost of accelerating a global recession, bringing more misery to consumers. Consequently, it will weaken global oil demand and oil prices. Oil prices in the range of $70-$80/bbls at this difficult time could be a win-win situation for both producers and consumers, and shield global economies from collapsing. Consequently, the U.S. should take its own measures to enhance its domestic oil production, encourage EVs and halt further releases of the SPR. Running down the SPR will allow OPEC+ more flexibility to play around with production.
Meanwhile:
US Treasury deputy sec warns unvaxxed Americans that shortages will continue until EVERYONE is jabbed
The reality is that the only way we’re going to get to a place where we work through this transition is if everyone in America and everyone around the world gets vaccinated.
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