While the unemployment rate for Americans dropped in August, there is a political time bomb buried in the statistics for President Joe Biden and a Democratic Party increasingly focused on equity: black joblessness shot up significantly.
In other words, the president who fondly boasts of a domestic policy promising to leave nobody behind has an economic recovery that is leaving a key Democratic constituency in worse shape.
“The rise in black unemployment in August is certainly troubling, considering their unemployment rates were already much higher than any other group,” Elise Gould, a senior economist at the Economic Policy Institute, said on Twitter.
An index measuring inflation surged at an annual rate of 4.2% last month, reaching its highest level since 1991, according to the Department of Commerce.
The personal consumption expenditures (PCE) index, which measures prices, increased 4.2% in the 12-month period between August 2020 and July 2021, according to a Department of Commerce report published Friday. Excluding volatile food and energy prices, the index spiked 3.6%, the report showed.
The last time consumer prices increased this much in one year was more than three decades ago in January 1991, CNBC reported. The figure reported Friday is in line with what economists expected.
A day after Press Secretary Jen Psaki announced “a commitment to transparency” regarding White House COVID-19 disclosures, she told reporters that the White House will not be releasing the number of “breakthrough cases” that occur on its campus.
The term “breakthrough cases” refers to fully vaccinated individuals who have come down with the coronavirus. Transparency advocates argue that the American people can be given that information without invading the privacy of COVID-stricken White House employees.
On Wednesday, after admitting that there had been multiple COVID cases at the White House that had not been previously revealed, Psaki said that the White House would only announce positive tests among officials if they had come into contact with Joe Biden, Kamala Harris or their spouses.
President Biden so desperately wants the vaccine-hesitant part of the country to get their shots that he may have spread a little misinformation. “You are not going to get COVID,” he promised during a CNN town-event Wednesday night, “if you have these vaccines.”
Of course, this is not true. Biden knows it. He said as much later during the forum, explaining that, while vaccinated individuals enjoy significant protections, they can still test positive for the virus. But even if that happens, the president pointed out, the vaccine largely mitigates the most serious dangers. “You are not going to be hospitalized,” he said, reciting the latest scientific consensus. “You are not going to be in the IC unit, and you are not going to die.”
The fact that fully vaccinated individuals can still contract the coronavirus is a medical reality. It has also led to more uncomfortable questions about transparency for the Biden administration.
Although the magazine Lancet has doubled down on its efforts to defend China and claim that there is no evidence behind the lab-leak theory of the coronavirus origins, three prominent scientists who originally agreed with this assessment were absent from the magazine’s latest statement, according to the Washington Free Beacon.
On July 5th, the magazine published yet another statement, with numerous signatories, claiming that there is no “scientifically validated evidence” to suggest that the coronavirus pandemic originated at the suspicious Wuhan Institute of Virology (WIV). Although many of the names signed onto the statement were the same as those who made a similar assertion back in February of 2020, at least three names are missing.
One of the names is William Karesh, who serves as the executive vice president for health policy at the nonprofit EcoHealth Alliance. As has been widely documented, EcoHealth was a major benefactor of the WIV, providing gain-of-function research funding directly to the institute after the funds had been granted to the nonprofit by the United States government.
In the mood for a depressing statistic? A new report from the financial services firm Self concludes that the average American will pay an astounding $525,037 in taxes over their lifetime—roughly 34 percent of their lifetime earnings.
But the numbers aren’t uniform across the country; they vary wildly from state to state. Based on taxes on earnings, spending, property, and cars, here are the 10 states where residents pay the highest taxes over a lifetime.
1. New Jersey
Topping the list is New Jersey, where residents will, on average, owe an astounding $932,000 in taxes over their lifetime. That’s nearly 50 percent of their typical lifetime earnings!
by Andrew Berryhill Government agencies and researchers produce endless reams of statistics. While statistics can be valuable, they can be easily misrepresented. A 2017 study on the use of statistics in news characterized the problem as such: “The constant supply of data produced by think tanks, government agencies, independent researchers, academics and…