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Once again consumer prices have sharply risen, marking the largest increase in annual inflation in nearly four decades.
The consumer price index rose 0.5 percent in December, following hot on the heels of a 0.8 percent increase in November , the Labor Department revealed on Wednesday. For the 12 month ending in December, the consumer price index rose 7 percent, marking the largest 12-month increase since the period ending in June 1982. This jump followed a 6.8 percent rise in November.
For items minus the more volatile food and energy categories, prices rose 5.5 percent in the 12-month period ending in December, the largest jump since the period ending in February 1991. The Labor Department said this increase came from a 4.1 percent increase in shelter, and a 37.3 percent increase in used vehicles.
“However, the increase is broad-based, with virtually all component indexes showing increases over the past 12 months,” the Labor Department wrote.
Energy prices rose 29.3 percent over the last year despite falling by .4 percent in December. The individual subcategories of gasoline and fuel oil rose 48.9 percent and 49.6 percent respectively over the last year, though fell by .6 and .5 percent in December. Fuel oil has been Tre ending downwards in prices since October, when it skyrocketed by 12.3 percent, up from 3.9 percent in September.
Food prices rose 6.3 percent over the last year, rising .5 percent in December alone.
Economists say that the annual CPI rate most likely peaked in December, or would likely do so by March at the latest. “There are signs that supply bottlenecks are starting to ease, with an Institute for Supply Management survey last week showing manufacturers reporting improved supplier deliveries in December,” according to Reuters , though rising COVID-19 cases could slow progress on supply chains.
Inflation is now trending well above […]
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Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker