Federal Reserve Chairman Jerome Powell tried to calm lawmakers’ fears about rising inflation but also said it would probably remain elevated for months to come.
Testifying before Congress this week, Powell said the Federal Reserve was willing to step in to address the situation, but that inflation should level out next year.
“As always, in assessing the appropriate stance of monetary policy, we will continue to monitor the implications of incoming information for the economic outlook and would be prepared to adjust the stance of monetary policy as appropriate if we saw signs that the path of inflation or longer-term inflation expectations were moving materially and persistently beyond levels consistent with our goal,” Powell said in his prepared testimony.
Los Angeles school teacher Glenn Laird has been a union stalwart for almost four decades. He served as a co-chair of his school’s delegation to United Teachers Los Angeles and proudly wore union purple on the picket line.
But Laird is now suing to leave UTLA and demanding a refund of the dues the union has collected since his resignation request. His turning point came in July 2020 when the union, the second largest teachers union in the country, joined liberal activists to demand that Los Angeles defund the police in response to Black Lives Matter demonstrations.
More than 60 House Democrats who fled Austin Monday to prevent a vote on election reforms will be arrested when they return to Texas, Gov. Greg Abbott said.
“Once they step back into the state of Texas, they will be arrested and brought to the Texas capital and we will be conducting business,” Abbott said.
The 67 Democratic lawmakers flew on chartered flights to Washington D.C. in protest of proposed legislation seeking to reduce the chances of fraud in future elections. The legislation is one of a number of measures being considered during a July special session called by Abbott.
The COVID-19 pandemic has taken a financial toll on Georgia’s long-term care facilities, officials said.
Devon Barill, communications director for the Georgia Health Care Association and Georgia Center for Assisted Living (GHCA/GCAL), said the facilities have faced increased expenses and revenue losses from caring for the state’s most vulnerable population.
While COVID-19 can lead to severe complications in older people and those with underlying issues, the congregated facilities are often home to the elderly and people who require supportive care.
The president of the largest union of health care workers in the U.S. says it will fight companies requiring its members to have mandatory COVID-19 shots as a condition of employment.
The announcement came one day after Houston Methodist announced that 153 employees had been fired or resigned for refusing to get the shots as a condition of employment. Those suing argue requiring employees to receive a vaccine approved only through Emergency Use Authorization violates federal law. After a recent court dismissal, their attorney vowed to take the case all the way to the Supreme Court.
George Gresham, president of 1199SEIU United Healthcare Workers East, is weighing the organization’s legal options.
Georgia’s public health state of emergency will end on July 1 under an executive order signed by Gov. Brian Kemp.
Kemp first declared a public health state of emergency on March 14, 2020, in response to the COVID-19 pandemic. The declaration helps the state easily access supplies and other resources needed to combat the spread of the coronavirus. It lifts certain medical and commercial transportation regulations.
Tuesday’s order extends the declaration by one day and one minute.
Leaders in the metro Atlanta area said they plan to use American Rescue Plan funding to address public safety issues.
Officials in Fulton and DeKalb counties and the city of Atlanta have announced plans to use a portion of the federal aid to increase public safety or address criminal justice backlogs.
According to several reports, Atlanta and adjacent cities have seen a spike in crime over the past year. State lawmakers have launched a study to look at ways to curb the issue. Gov. Brian Kemp directed $5 million last month from his emergency fund to address the crisis.
After the cancellation of the Keystone XL Pipeline struck a blow to the oil industry, energy jobs activists are pushing back by warning of increased costs and touting the benefits of transporting oil via pipeline.
TC Energy Corporation announced on Wednesday that it was cancelling the Keystone XL Pipeline less than five months after President Joe Biden rescinded a vital permit for the pipeline. The cancellation ends an over 12-year battle by activists from both sides over the oil pipeline. The pipeline would have started in the Canadian province of Alberta ultimately ending in Nebraska.
In a statement François Poirier, President and CEO of TC Energy Corporation, expressed disappointment.
E-mobility charging systems producer Heliox is establishing its North American headquarters in Atlanta, creating more than 70 clean-energy jobs, Georgia Gov. Brian Kemp’s office said.
Netherlands-based Heliox makes fast-charging systems for electric vehicles. It has installed more than 1,600 fast-charging points worldwide.
The headquarters is expected to open June 1 and will include a campus for research and development and corporate offic
The Biden Administration sent some stock prices tumbling and left small businesses worried after taking sides on a hotly contested labor issue that critics say could threaten the jobs of millions of independent workers and thousands of small businesses.
In his address to the nation Wednesday evening, President Joe Biden called on Congress to pass legislation that would ban the use of freelance workers in most instances.
A report from the freelance site UpWork found that about 59 million gig workers make up $1.2 trillion of the U.S. economy.
Rising Republican star U.S. Rep. Josh Hawley, R-Mo., is sponsoring a new measure that would give unprecedented tax cuts to parents with children, and now he is saying his bill is on the front line of the nation’s “culture war.”
The plan in question would give a fully refundable tax credit of $12,000 for married parents and $6,000 for single parents who have children under the age of 13.
“Starting a family and raising children should not be a privilege only reserved for the wealthy,” Hawley said. “Millions of working people want to start a family and would like to care for their children at home, but current policies do not respect these preferences. American families should be supported, no matter how they choose to care for their kids.”
A follow-up attempt by lawmakers to implement paid parental leave for Georgia state employees is on its way to Gov. Brian Kemp.
The measure allows state employees in Georgia to take three weeks of paid parental leave. The House agreed Monday, 153-8, to the Senate’s changes to House Bill 146 after it unanimously passed the Senate last week. A similar measure cleared the House in 2020.
Under HB 146, state or local school board employees who worked at least 700 hours over the six months preceding the requested paid leave date can qualify for the paid time off after the birth of a child, adoption of a child or taking in of a foster child. Paid parental leave would be granted only once a calendar year. State agencies and school boards are able to dictate the policy rules.
Arizona Gov. Doug Ducey has rescinded the business restrictions he put in place last year to stem the spread of COVID-19.
Ducey’s latest executive order, which he signed Friday, removes the capacity limits on businesses he had put in place July 9, effective immediately.
“We’ve learned a lot over the past year,” Ducey said. “Our businesses have done an excellent job at responding to this pandemic in a safe and responsible way. We will always admire the sacrifice they and their employees have made and their vigilance to protect against the virus.”
Ducey said Arizona, unlike many other states, never shut down.
The House has voted to expand direct payments to the American people from $600 per adult and $600 per child in the year-end Covid relief legislation signed into law by President Donald Trump, to $2,000 per adult and $600 per child, a move the President supports.
Under the newly signed law, an average family of four will be receiving a $2,400 check via direct deposit from the U.S. Treasury, coming atop the $3,400 they received in the CARES Act in the spring — a combined $5,800 in 2020 alone.
We hear from many of the people running for public office, the promise of free stuff, free healthcare for all, free education for all. Free cell phones, free food, and the list goes on and on. Many of us have bought into the idea that we deserve free stuff. But have we really thought about what the Lord has said about this?
Remember in the book of Genesis, the first chapter, no less. God created man and put him in the garden to work.