NEWS - THURSDAY, AUGUST 11, 2022 - NEWS
The slowdown coincides with a series of rate hikes from the Federal Reserve. ABC
VOA VIEW: Gas prices will rise again.
Russian authorities on Wednesday raided the home of a former state TV journalist who quit after making an on-air protest against Moscow’s war in Ukraine ABC
VOA VIEW: Souds like what happened with Trump in Florida.
China is criticizing a U.S. law to encourage processor chip production in the United States and reduce reliance on Asian suppliers as a threat to trade and an attack on Chinese business ABC
VOA VIEW: China should weep, if the US maintains a backbone.
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Eviction filings around the country are returning to pre-pandemic levels in many cities and states ABC
VOA VIEW: The government should not be able to control private rentals.
Former President Trump is expected to sit for a deposition Wednesday as part of the New York attorney general’s civil probe into his real estate business, sources say. ABC
A member of Iran's Revolutionary Guard Corps allegedly tried to arrange the murder of Trump's former national security adviser John Bolton, the Justice Department said ABC
VOA VIEW: Iran should be punished more.
After news of the search spread, many surrounded Mar-a-Lago with banners supporting Trump. CBS
VOA VIEW: As they should.
Beef, lamb, nuts, dried fruit and coffee were rated the worst in a study that looked at the environmental impact of 57,000 different foods. Scientists found squash, fizzy drinks like Colas and sports and energy drinks were least harmful to the environment. CBS
Medicare's Hospital Insurance trust fund will run out of money in 2028, trustees say. CBS
VOA VIEW: This has been threatened before.
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Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans. CBS
VOA VIEW: A short-lived slow down - high interest rates are the prices to be paid.
High inflation points to a possible 9.6% Social Security cost-of-living adjustment in 2023, according to a new estimate based on data released on Wednesday. CNBC
VOA VIEW: This does not cover the cost of inflation.
Ford CEO Jim Farley said the prices of key battery minerals will likely stay elevated for a while, but the company is looking into alternatives. CNBC
VOA VIEW: The truth hurts.
Proposed tax credits of up to $7,500 for EVs under the Inflation Reduction Act could be counterintuitive for sales of EVs, according to several companies. CNBC
VOA VIEW: Buying EVs is not a good plan.
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Mortgage rates made unusually wide swings last week, and that may have caused some borrowers to try to take advantage and save money on a refinance. CNBC
Single buyers of electric vehicles would need to have income of less than $150,000 to qualify for the credit, and luxury models would largely be ineligible. CNBC
VOA VIEW: A foolish thought.
Wall Street lobbyists targeted Sen. Kyrsten Sinema to keep the carried interest loophole intact before the provision was dropped from the climate and tax bill. CNBC
VOA VIEW: Sinema was bribed.
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As a supplement, vitamin D's popularity is only growing — but doctors have mixed opinions on whether it's a good idea or not. Here's what you need to know. CNBC
The Cracker Barrel in Portland, Oregon's Jantzen Beach mall abruptly shuttered this week. Employees say the closure is due to security issues, locals point to theft and drug use. FOX News
VOA VIEW: Portland will pay for having high crime.
Leora Levy won the Connecticut Republican primary for U.S. Senate after being backed by former president Donald Trump. It's Levy's first time being a political candidate. FOX News
President Biden on Wednesday signed legislation that will help veterans who were exposed to toxins during their time in the U.S. Armed Forces -- a bill that needed a second vote to get past Republicans. UPI
Russia launched new mortar attacks on sites in eastern and southern Ukraine on Wednesday, as Ukrainian President Volodymyr Zelensky vowed to recapture a part of the country seized by Moscow almost a decade ago. UPI
VOA VIEW: That would be a good happening.
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Four states held primary elections Tuesday, including a contest that pit candidates endorsed by former President Donald Trump and Vice President Mike Pence against each other. UPI
VOA VIEW: Pence lost again.
Republican Rep. Scott Perry of Pennsylvania said FBI agents have seized his cellphone. UPI
VOA VIEW: Total madness and the agents must be held accountable.
Israeli security forces killed a wanted Palestinian militant and at least one other person following an early Tuesday gun battle in the streets of an occupied West Bank city, authorities and officials said. UPI
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The FBI raid was corrupt and political. Former President Donald Trump’s has been utterly right these last six years about the “witch hunt” that was the Russiagate investigation: It’s now plain that the Justice Department turned Clinton campaign-commissioned disinformation into a probe that kneecapped his presidency.
Attorney General Merrick Garland has a clear duty to address the nation and explain Monday’s unprecedented FBI raid on a former president’s home. Hiding behind the “need to avoid compromising an ongoing investigation” will fuel over-the-top speculation on all sides. Transparency can at least ground the debate in reality. For now, Andrew McCarthy lays out a likely scenario: While the warrant cited concerns that Trump still has documents that should’ve remained in Washington when he left, the raid was really a hunt for anything that might incriminate him regarding Jan. 6.
Multiple sources confirm that’s all the warrant said, which is an outrage in and of itself: an armed raid on an ex-prez’s home over that? Certainly, Garland faces huge pressure from the Democratic Party base to indict Trump for something on Jan. 6. The House hearings are a national TV ad to that end. But they have yet to show any clear evidence of real crimes, and a political prosecution would be at least as baneful to the republic to Trump’s “stolen election” nonsense. So, Republicans are entirely right to sound alarms about possible fresh weaponization of the FBI. After all, the agency’s reputation is already in tatters.
And Garland’s own rep has been battered by his actions as AG: siccing the Bureau on parents who speak out at school-board meetings, pretending all political violence comes from the right (when the left rioted in 2020 all across America) and giving at least the appearance of slow-walking (and maybe soft-walking) the Hunter Biden investigation. Trust in federal law-enforcement is at rock-bottom for at least half the nation, for good reason. Garland needs to address that elephant in the room and explain what in hell he’s doing. What were they hoping to find as they rifled through his private residence for more than nine hours? Plus, he telegraphed the raid in his interview with Lester Holt last month. How can he not explain it now? As one expert told Politico, if the raid was merely “to find classified documents [Trump] took from the White House,” then it’s all too likely to help Trump win in 2024, and so “prove to be the greatest law enforcement mistake in history.”