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CNN Smerconish July 7, 2024

premiums all up. the cost of food consumed at home rose nearly 12%, food away from home, 7.4%. the gasoline index has increased 48.7%. the average national price of a gallon of gas this week, is at $5, highest in california at $6.42. trying to stem inflation, the fed said it will raise interest rates by three quarters of a percentage point, the biggest hike since 1994. new projections show interest rates may hit 3.4% by the end of the year, but because inflation is rising far faster than any of those rates, any money in savings is still being eroded. there s also a spade of layoffs adding to investor fears. cnn reports two u.s. real estate companies that had flourished in the pandemic announced layoffs of 8 and 10%. coin base laid off 18% of its staff. spotify plans to reduce hiring by 25%. elon musk, who already said he wants to lay off 10% of the tesla staff, is now intimating that if he acquires twitter, job cuts could follow. meanwhile, meanwhile, you ve got the jan ....

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CNN Smerconish July 7, 2024

hour despite supervisor s at the scene being told that some trapped with him in two elementary school classrooms were in need of medical treatment. meaning they were alive. instead the documents show they waited for protective equipment to lower the risk to law enforcement officers. the shooter entered the school at 11:33 a.m. and began shooting into a classroom at least 100 rounds. two minutes later, three uvalde police department officers arrived, approached the class door and two received grazing wounds from the shooter. by 12:03 p.m., as many as 19 officers had gathered in the hallway they thought they now had a barricaded situation at hand. but at 12:21 there was more gunfire and the cops still did not move on the shooter. finally, at 12:50 p.m., law enforcement used a key from a janitor and breached the locked classroom, shot and killed the suspect. more than two weeks after the fact, uvalde school district police chief pete arradondo gave an interstrew the texas ....

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CNN Smerconish July 7, 2024

just to keep the country running. this news coming on the heels of a politico report that says, concerns are mounting on capitol hill about the administration s ability to properly account for all the money and weapons heading to ukraine. it s coming under increased scrutiny from members of both parties from progressive elizabeth warren to libertarian ran paul. some lawmakers warning the administration that a future aid package for ukraine could lose the overwhelming support past efforts have had if the pentagon doesn t step up its oversight on previously allocated funds. with no cease fire or peace agreement in sight, the fight between ukrainian and russian forces slogs on. zelenskyy, this week told lawmakers in luxembourg that nearly 12 million people have been internally displaced since the russian invasion started. he also conceded that russian forces are advancing in the eastern part of ukraine, and now control a greater amount of territory than they did before the ....

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CNN Smerconish July 7, 2024

country, the humanitarian outpouring towards ukrainians in need. i can t help be believe they born the brunt of the holocaust communism, they see themselves if the ukrainians. michael, welcome to warsaw and thank you for coming to poland. thank you for coming here to bare witness. for poland, this is 1939, this is an invasion by a foreign occupier, a cruel represser. what you are seeing here is the polls doing what they wish they had done in 1939 and fight back. that s why you see the young people organizing on social media, getting into their cars and going to the border to rescue ukrainian refugees comes across the border. this is the only country in world s history which put every arriving refugee into someone s house or home. a whole new bar. 2,000 people, women and children, i met a four generation family from kherson. they have russian invaders still there. literally, ambassador, and i know you heard the story so many times, i left with only the clothing on th ....

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CNN Smerconish July 7, 2024

at the border, power outages said to be coming. and of course the russian invasion of ukraine which just added $40 billion to america s tab. we could debate whether any one of these items is truly the fault of the president. but the reality is they are all unfolding on his watch. and here come the midterms. typically the party in the white house sees the loss of two dozen of its congressional seats. this year democrats seem headed for much worse. there just aren t enough ultra maga doug mastrianos that could allow focus next november to be taken off this national funk. a few an moreent tkweurgzs to be sure, but too few to stop the tidal wave in the forecast. americans are really feeling the pinch with inflation at a 40-year high. until recently, there had pwhrpb some consolation for the 58 million americans in the stock market because it was still doing well. but that s no longer the case. this week the s&p and dow had historic down days. friday the s&p 500 briefly fell ....

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