THE AMERICA ONE NEWS
Jun 4, 2025 |
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America First News
30 Aug 2023
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#society
Front Page Magazine: First Australian Woman PM Doesn't Know What a Woman Is
Former Australian Prime Minister Julia Gillard, known for leveraging sexism accusations, is now unsure of what defines a woman. In response to questions about including transgender men in the definition, Gillard emphasized empathy for those who identify as transgender. However, this leaves her unable to give a clear answer.
#economy
Liberty Nation: Bidenomics Fueled Spike in Supermarket Prices – Swamponomics
Inflation and SNAP Spending
A new study suggests that President Biden's expansion of the Supplemental Nutrition Assistance Program (SNAP) may have contributed to increased grocery prices by as much as 15%. The study claims that the decision to bolster SNAP benefits has led to an artificial boost in consumer demand, fueling inflation. Congress is urged to repeal Biden's food stamp expansion, which is estimated to cost taxpayers $250 billion over the next decade.
Banking System Concerns
Moody's recently downgraded ten banks and warns of potential downgrades for dozens of other financial institutions, including JPMorgan Chase. Federal Reserve data reveals that companies are tapping into emergency lending facilities, while total bank deposits continue to plummet. Concerns are rising about the safety and resilience of the banking system, despite reassurances from Washington.
US Crude Oil Production and Energy Outlook
US crude oil production experienced a slight increase in the past three weeks, after seven months of stagnation. However, the number of active drilling rigs continues to decline, indicating lackluster volumes heading into 2024. The global energy market is expected to face a supply deficit, although Iran and Venezuela's increased production may mitigate a dramatic jump in energy prices. The Biden administration is facing a lawsuit from Chevron and others over decreased opportunities for US firms in the Gulf of Mexico.
Forbes: China ‘Contagion’ Is Wildcard As Goldman Sachs Revisits Japan’s 1990s
Japan's yen is predicted to fall to levels not seen since June 1990 due to the Bank of Japan's continued quantitative easing. Goldman Sachs predicts the yen will hit 155 to the dollar within six months. However, China's economy is also struggling, and a weaker yuan would benefit China's growth. The question is, how will China react to Japan's policy, and will China follow suit? The possibility of China devaluing the yuan to boost exports raises concerns for the US, and it remains to be seen how Beijing will respond.
#other
Fox News: 'Waffle House Index' is used to determine severity of Hurricane Idalia
The "Waffle House Index" is an unofficial metric used to determine the severity of Hurricane Idalia and other storms in the U.S. It measures the impact on Waffle House restaurants, with green indicating minimal damage, yellow indicating limited supplies, and red indicating severe damage or closure.
Waffle House stays open during extreme weather and quickly reopens after storms. The index helps determine the amount of assistance needed for disaster recovery. It is used by the Federal Emergency Management Agency to gauge a storm's severity.