Omicron subvariants cause one-third of current COVID cases: https://www.usnews.com/news/health-news/articles/2022-06-21/omicron-subvariants-ba-4-ba-5-move-closer-to-becoming-dominant-coronavirus-strains-in-u-s . BA4 and BA5 will soon become the dominant US COVID strains.
UK will offer monkeypox vaccine to more at-risk males: https://apnews.com/article/covid-health-immunizations-government-and-politics-0889ad1f12b9208885626c91a5739c46 . WSJ: More: https://www.wsj.com/articles/u-k-widens-monkeypox-vaccination-eligibility-11655833598 .
Only one-third of US inflation is demand-driven: https://money.usnews.com/investing/news/articles/2022-06-21/demand-issues-account-for-one-third-of-u-s-inflation-spike-sf-fed . Again, the Fed’s hammer of raising interest rates really only helps against demand issues. So the hammer will miss two-thirds of the nails.
WSJ: Inflation outpaces forecasts in Australia and South Korea: https://www.wsj.com/articles/inflation-outpaces-forecasts-in-australia-and-south-korea-11655795322 . Can you say global recession? If not, the time to practice has come.
WSJ: International investors stockpiling US dollars: https://www.wsj.com/articles/with-markets-in-disarray-international-investors-are-stockpiling-u-s-dollars-11655803800 . As we have been saying, our expectation is a brief US recession and a longer global recession. Also, this stockpiling is temporary, and therefore so is the current strength of the US dollar.
Senate negotiators announce gun control deal: https://apnews.com/article/shootings-violence-gun-chris-murphy-congress-ba9f727cfed75b5dcc5528180c6e432b . In Big Mac terms, the deal is no more than a piece of lettuce and a sesame-seed bun. It’s a big deal only because the Senate hasn’t passed any other sesame-seed bun in the last 30 years.
Uvalde classroom doors were not locked: https://www.usnews.com/news/top-news/articles/2022-06-21/classroom-door-in-uvalde-school-shooting-was-not-locked-official-says . More: https://apnews.com/article/politics-shootings-texas-bad08b96b38793c80ab92575640f8438 . WSJ: More: https://www.wsj.com/articles/uvalde-classroom-door-wasnt-locked-texas-chief-of-public-safety-says-11655828139 . Just in case you hadn’t previously concluded that the Uvalde police chief was abjectly incompetent, this should seal the deal for you. The families want the chief to resign: https://abcnews.go.com/US/uvalde-parents-community-members-call-chiefs-resignation-emotional/story?id=85520345 .
Nobel medal sold to benefits Ukrainian kids draws $103.5 million: https://apnews.com/article/videos-c39aff8153df4507827192f7fc92d4f2 . WSJ: More: https://www.wsj.com/articles/russian-journalist-auctions-nobel-peace-prize-for-103-5-million-to-support-ukrainian-children-11655802493 . The most heartwarming news in some time, the recipient had already pledged to donate his $500,000 prize money to charity. His charitable impact just massively increased.
January 6 committee reveals Ron Johnson involvement in the false electors scam: https://www.msn.com/en-us/news/politics/gop-senator-ron-johnson-wanted-to-intervene-for-trump-on-jan-6/ar-AAYIhJy?li=BBnb7Kz . Ron Johnson was already in serious trouble in his re-election bid. Let’s hope this finishes the traitorous bastard off.
Republican National Committee coordinated false electors scam at direct request of Orange Julius: https://www.washingtonexaminer.com/politics/rnc-coordinated-fake-electors-trump-direct-request .
Other notes from today’s hearing, number 4 with at least 3 more to come: https://www.msn.com/en-us/news/politics/jan-6-latest-trump-promised-praise-if-official-found-fraud/ar-AAYHZCl?li=BBnb7Kz . WSJ: More: https://www.wsj.com/articles/jan-6-committee-to-examine-trumps-push-to-alter-2020-election-results-11655803801 . Still more: https://www.wsj.com/articles/jan-6-committee-hearings-what-happened-so-far-and-whats-next-11655820182?mod=article_inline . The Journal ignores the (abruptly cancelled) hearing scheduled for July 15. Rescheduling is anticipated for this hearing.
Merrick Garland visits Kyiv to pursue war crime information: https://www.aol.com/news/ag-merrick-garland-visits-ukraine-130129023.html . WSJ: More: https://www.wsj.com/articles/u-s-attorney-general-merrick-garland-visits-ukraine-to-discuss-investigating-war-crimes-11655819389 .
Bill Cosby loses (civil) sexual assault case: https://www.yahoo.com/entertainment/bill-cosby-sexual-assault-judy-huth-civil-trial-231454131.html . WSJ: More: https://www.wsj.com/articles/civil-jury-finds-bill-cosby-sexually-abused-teenager-in-1975-11655854272 . However, this was just the first of many civil trials in store for the disgraced comedian.