THREAD: inflation is coming now easy solutions

GLOBAL Elections SHAKE-UP: Major Voter Impact in Coming Days

28 June 2024 — In the coming days, voters in countries like Mauritania, Mongolia, Iran, Britain, and France will head to the polls. These elections could significantly impact global politics amid ongoing conflicts and economic concerns.

Iran faces a critical election following the death of President Ebrahim Raisi. Supreme Leader Ayatollah Ali Khamenei seeks a successor among hard-liners Saeed Jalili and Mohammad Bagher Qalibaf, and reformist Masoud Pezeshkian.

National elections this year are happening in over 50 countries with significant political changes in India, Mexico, and South Africa. Russia remains unchanged despite global shifts.

UK INFLATION TUMBLES to 39%: Central Bank May Slash Rates Sooner Than Predicted

21 December 2023 — The Office for National Statistics (ONS) recently announced a surprising drop in UK inflation to 3.9% in November, a decrease from the previous month’s 4.6%. This dip, larger than what financial markets had forecasted, marks the lowest inflation level since September 2021.

This decline is primarily attributed to falling fuel and food prices according to the ONS. However, despite this optimistic news, the Bank of England’s primary interest rate remains at a staggering high of 5.25%, not seen for over a decade and a half.

Governor Andrew Bailey hinted that this stringent interest rate policy might continue for some time. Yet Samuel Tombs, chief U.K economist at Pantheon Macroeconomics suggests an alternative view — that this sharp fall in inflation could trigger an earlier-than-expected cut in interest rates; perhaps as early as the first half of next year.

While elevated interest rates initially helped curb inflation sparked by supply chain disruptions and Russia’s invasion of Ukraine, they have also put pressure on consumer spending and slowed economic growth. As such there are growing worries that maintaining high rates could inflict unnecessary damage on the economy.

UK Inflation DEFIES Predictions, STAYS at 67%: What’s Next for the Economy?

18 October 2023 — The UK’s inflation rate held steady at 6.7% in September, flying in the face of economists’ predictions for a slight decrease. The Office for National Statistics highlighted that while food and drink prices dipped, they were counterbalanced by an uptick in fuel costs.

This persistent inflation rate is more than triple the Bank of England’s target of 2%. Despite this, it is not expected that the bank will hike interest rates during its November policy meeting. Instead, it seems set to keep its main borrowing rate at a peak not seen in 15 years — a hefty 5.25%.

James Smith from the Resolution Foundation think tank offered his perspective on this economic puzzle: “For now, progress on reducing inflation has hit a roadblock.” He anticipates a significant drop to below 5% next month as energy prices are projected to fall for most consumers.

In response to price surges triggered by pandemic-induced supply chain disruptions and Russia’s invasion of Ukraine — both factors contributing heavily to increased food and energy costs — the Bank of England has been steadily cranking up interest rates from near zero levels.

TEXAS Teen BANISHED to Alternative School Over Dreadlocks: Is This a Crown Act Injustice?

11 October 2023 — Darryl George, an 18-year-old junior at Barbers Hill High School in Texas, was reassigned to an alternative education program following a month-long in-school suspension. The cause? His dreadlocks. George has been serving his suspension since August 31 and is scheduled to attend the EPIC program from October 12 through November 29. The school’s principal attributed his removal to George’s “non-compliance” with various campus and classroom rules.

The school district enforces a dress code that restricts male students from having hair longer than their eyebrows, ear lobes or the top of their T-shirt collar. It also mandates that all students maintain clean, well-groomed hair of natural color and shape. Despite this code, George’s family contends that his hairstyle does not infringe upon these rules.

In retaliation against the disciplinary action imposed on George, his family lodged a formal complaint with the Texas Education Agency last month and initiated a federal civil rights lawsuit against the state governor and attorney general. They argue that these measures breach Texas’ CROWN Act — legislation designed to outlaw race-based hair discrimination — which came into force on September 1st.

Biden’s APPROVAL RATINGS Dive: Is Inflation to Blame?

04 October 2023 — President Biden’s popularity is taking a serious hit, largely due to the ongoing inflation crisis. Recent polls indicate a steep drop in public support, with many pointing fingers at his economic strategies as the root cause of the current predicament.

The escalating cost of living and soaring gas prices are fueling widespread dissatisfaction. Detractors argue that Biden’s economic management style has directly contributed to these problems.

Moreover, there is mounting unease about how the administration is dealing with foreign policy issues, especially concerning China and Russia. These concerns have further dented the president’s approval ratings.

As we inch closer to mid-term elections, these statistics could spell potential disaster for Democrats. The party will need to pull out all stops to rebuild public trust and restore faith in their leadership abilities.

Biden’s Approval Rating PLUNGES to Record Low: Is INFLATION to Blame?

29 September 2023 — A recent Gallup poll reveals a new low for President Joe Biden’s approval rating. Amid escalating inflation and economic unease, the President’s popularity is dwindling.

The survey shows a mere 40% of Americans giving the nod to Biden’s job performance — the lowest since he assumed office in January 2021.

The soaring cost of goods and services is hitting American households hard, leading to financial stress and discontent with the current administration.

This steep decline in approval could spell trouble for Democrats in the forthcoming midterm elections. If this trend persists, Republicans may seize control of Congress come November.

Chris PACKHAM’S RADICAL Call to Break the Law: Is It Justified or a Threat to Democracy?

23 September 2023 — In his most recent show, “Is It Time To Break The Law?”, seasoned BBC presenter Chris Packham hinted that legal protests might not be enough for environmental causes. On Channel 4, Packham suggested that law-breaking could potentially be a necessary step to save our planet.

Known for his wildlife programs and involvement in left-wing climate marches like Extinction Rebellion (XR), Packham is currently rallying support for a “Restore Nature Now” demonstration. This protest is scheduled later this month outside the Department for Environment Food and Rural Affairs (DEFRA) headquarters in London.

The provocative comments made by the Springwatch host on public broadcaster Channel 4 have ignited considerable controversy. Critics contend that endorsing illegal activities erodes democratic procedures and establishes a perilous precedent.