The new $1.9-trillion stimulus Congress has pumped into the U.S. economy is unlikely to spark prolonged inflation, Jerome Powell, chair of the U.S. Federal Reserve, told the House Financial Services Committee in testimony on 23 March. If inflation does pose a problem, the Fed has the tools it needs to control it, Powell added. “We...
Tag: mar 30 2021
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DEMOCRATS MULL TAX HIKES
Democrats in the U.S. Congress are considering raising corporate taxes and the marginal tax rate on individuals, in part to pay for President Biden’s upcoming proposal to spend about $1.5 trillion on a first-round infrastructure plan and the same amount for education programs and to reduce poverty, the Wall Street Journal reported. The tax hikes...
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POWELL: U.S. DEBT LEVEL IS MANAGEABLE
The U.S. government can manage its record new $28 trillion levels of debt, Jerome Powell, chair of the U.S. Federal Reserve, said in a 25 March interview on National Public Radio. “Given the low level of interest rates, there’s no issue about the United States being able to service its debt at this time or...
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NEW JOBLESS CLAIMS LOWEST IN A YEAR
In the week ending 20 March, 684,000 people filed new claims for unemployment benefits, the U.S. Labor Department reported, the first time new claims have fallen below 700,000 since mid-March 2020. New claims fell by 97,000 from the previous week’s total of 781,000. New claims in Illinois plunged 80 percent from the week before; Ohio’s...
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BREAKTHROUGH IN MASSLESS BATTERIES
What if your electric car didn’t have a battery but was a battery? Turning a car chassis into a battery would save space inside for more people and cargo, save weight, and probably even cut cost. Engineers have been trying for years to turn structural components into energy storage cells. But past attempts have yielded...
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OLD MACDONALD HAS A NEW AUTONOMOUS TRACTOR
Self-driving vehicles aren’t confined to roadways. They’re making their way into farm fields to make growing crops more efficient with less human labor. Companies such as Case, CNH, and Kubota, among others, are fielding tractors that can identify and automatically attach themselves to specific pieces of equipment; follow pre-mapped paths to designated fields; and drive...
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PROTEIN ALLOWS PARALYZED MICE TO WALK AGAIN
Researchers at Germany’s Ruhr University Bochum have reached a goal sought for centuries by medical science: how to make legs paralyzed by a massive spinal cord injury walk again. The spine’s nerve fibers, once damaged or cut, are unable to regenerate themselves. As a result, communication is lost between the mind and the body below...
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BLOCKCHAIN BATTLES
AVANTI FINANCIAL GROUP SET TO PREMIERE CRYPTO BANK. A bank capitalized by and optimized to deal in cryptocurrencies may be just around the corner. The Avanti Financial Group, based in Longwood, FL, says it has raised $44 million so far in its funding efforts. Companies including Coinbase, Binance.US, Morgan Creek Digital, Madison Paige Ventures, AP...
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FOR TECHNOCRATIC ELITES, THERE IS NO “NATURAL”
“Man the toolmaker” is an old trope defining what sets humans apart from other creatures. But what happens when what we’re changing is ourselves, as well as the world around us? “Gender fluidity,” “transhumanism,” chimeric experimentation, radical “Great Resets” and compulsory “mRNA vaccines” can all be seen as facets of the same impulse: disregard for,...
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HUMANS SUBJECT TO mRNA “SOFTWARE UPDATES”
For anyone who believes the COVID vaccines are a unique phenomenon, guess again. Moderna, a company at the forefront in developing a COVID vaccine, envisions its mRNA technology as an “operating system” delivering the “software of life,” complete with frequent updates. Only with humans as the recipients. The Moderna website has a page devoted to...
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