After a double betrayal fails to sway Israel, the Biden administration tries extortion
By
Elizabeth Stauffer
May 14, 2024 6:00 am

With friends like President Joe Biden, who needs enemies?

In a report released to Congress on Friday, the Biden administration concluded it was “reasonable to assess” that Israel had violated international humanitarian law using U.S. arms in Gaza. Although the report states that U.S. officials were unable to “link specific U.S. weapons to individual strikes by Israeli forces in Gaza” due to “wartime conditions,” it claims that “there have been sufficient reported incidents to raise serious concerns.”

The following sentence tells you all you need to know: “[T]he State Department has received reporting from multiple credible UN and non-governmental sources on alleged human rights violations by Israeli forces during the reporting period.”

The Washington Post reported that Biden ordered the investigation in February after congressional Democrats, led by Sen. Chris Van Hollen (D-MD), proposed legislation to determine whether the Israel Defense Forces had used U.S.-provided arms in an unlawful manner in Gaza.

This report comes just days after Biden paused a shipment of 3,500 bombs to Israel to deter them from invading Rafah, Hamas’s last stronghold in Gaza. Unless and until Israel can eliminate Hamas’s four remaining battalions in Rafah and the group’s leaders who are believed to be hiding there, they cannot defeat Hamas.

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https://www.washingtonexaminer.com/restoring-america/courage-strength-optimism/3001907/after-a-double-betrayal-fails-to-sway-israel-the-biden-administration-tries-extortion/

Inflation rose to 2.2% in producer price index in April in bad news for the Fed
By
Zachary Halaschak
May 14, 2024 8:33 am
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Inflation, as measured by the producer price index, rose to 2.2% for the year ending in April, the Bureau of Economic Analysis reported on Tuesday.

April marks the third straight rise in the headline inflation rate, the opposite of the trend sought by the Federal Reserve and a warning sign for President Joe Biden.

Most economists had forecast annual inflation would tick up by this much, so the reading was in line with expectations.

On a month-to-month basis, the price index increased by 0.5%, more than expected.

The Fed has raised its interest rate target to 5.25% to 5.50%, the highest since the dot-com bubble at the turn of the century.

Recent inflation reports have come in hotter than anticipated, with the consumer price index rising to 3.5% in March. Because of the hotter inflation prints, coupled with the insulation of the strong jobs market, many investors began to expect that the Fed would hold off on cutting rates until after the November election.

The labor market has remained above water despite the interest rate increases.

But the most recent jobs report showed some signs of slowing down.

The economy added 175,000 jobs in April versus 315,000 the month before, and the unemployment rate rose a tenth of a percentage point to 3.9%.

Additionally, the number of new applications for unemployment benefits rose by 22,000 to 231,000 last week, the highest number of jobless claims in about nine months.

The most recent data show job openings fell 3.7% in March to just under 8.5 million, the lowest level of openings since February 2021. The job opening numbers fell below expectations, continuing a trend of slowly declining job openings over the past few years.

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https://www.washingtonexaminer.com/policy/finance-and-economy/3002557/inflation-rose-to-2-2-in-producer-price-index-in-april-in-bad-news-for-the-fed/

That was a great video! They nailed both Boeing, NASA and the FAA.