Will millions of workers be thrown out of their jobs in order to reach 2 percent inflation – a totally arbitrary goal? That decision which could have a brutal impact on families across the nation is being made not by the Congress or the president; but by the Federal Reserve’s Open Market Committee – an unelected committee with members drawn largely from banking and finance.
Faced with the rising prices that accompanied the reopening of the economy after the pandemic shutdown, the Fed has hiked interest rates with record rapidity. Its chair warns that getting inflation down to 2 percent may well cause a recession. This is a foolish and wrongheaded policy. It ignores the major sources of inflation – which are supply shocks and corporate concentration. It ignores the reality that climate calamities and war add to the disruption. And it ignores how destructive mass unemployment is.
This month’s jobs report showed that the unemployment of African Americans has begun to rise. Since Blacks are usually the last hired and first fired, and the Fed is committed to more hikes in interest rates, the chances are good that millions more working families are going to be punished by this unelected board.
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The torch is passed: from MAGA throwbacks to America's future
Joe Biden didn't just pass the torch to another generation. He passed it from white MAGA men to America's future.
Blood tests for Alzheimer's may be coming to your doctor's office. Here's what to know
New blood tests could help doctors diagnose Alzheimer's disease faster and more accurately, researchers reported Sunday but some appear to work far better than others.
Blood tests for Alzheimer's may be coming to your doctor's office. Here's what to know
New blood tests could help doctors diagnose Alzheimer's disease faster and more accurately, researchers reported Sunday - but some appear to work far better than others.
Trump's appearance before Black journalists leads to memorable confrontation with ABC's Rachel Scott
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The owners of twelve Pennsylvania casinos have asked the state's highest court to declare that a tax on slot machine revenue is unconstitutional because the state doesn't impose it broadly on cashpaying electronic game terminals known as skill games that can be found in many bars and stores.
Accessing your personal my Social Security account
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Rest for the Weary St. Matthew 11:28-30
Come unto me, all ye that labor and are heavily laden, and I will give you rest. Take my yoke upon you, and learn of me; for I am meek and lowly in heart: and ye shall find rest unto your souls.
Abney, PLBC hear Allegheny County Jail officials over voting access
Led by state Reps. Aerion Abney, Napoleon Nelson, Rick Krajewski, Anthony Bellmon, and Greg Scott, the Pennsylvania Legislative Black Caucus, heard from Allegheny County officials over incarcerated peoplesâ right to vote from jail.
Garvey, Liberia and Firestone Black Rubber and Redemption (Pt 4)
A Pan-African Nationalist is a Black person who believes in the oneness of all African people worldwide, even though we are temporarily separated by space and thought; one who believes that all Black people have a common past and present, and if we work together, a common future.
Youth Conference ignites inspiration at True Light Fellowship Church
On July 26 & 27, 2024, with the support of Sr. Pastor Dr. Wesley Pinnock, True Light Fellowship Churchâs Youth Ministry hosted its âBe the Influencerâ Youth Conference. The event, which drew a strong turnout of youth and their families, featured a well-rounded program designed to both educate and empower participants.