PAINE IN THE MORNING: 8 things you need to know this Tuesday – June 8th 2021 (LISTEN)

Share:

There is also a full, ad-free video podcast of this broadcast available on True Pundit’s Patreon Page and/or True Pundit’s SubscribeStar.com page for our subscribers to help us do what we do.


Yellen Admits Inflation Is About To Surge But Says It Will Be ‘Plus For Society’s Point Of View’ – Increased inflation could ultimately be a net positive for the U.S. economy and large government spending won’t overheat the economy, Treasury Secretary Janet Yellen told Bloomberg.

Treasury Secretary Janet Yellen, who previously chaired the Federal Reserve, said the central bank has been more concerned about inflation levels that are too low, according to Bloomberg. Increasing consumer prices could signal a return to normal, she said. – READ MORE


More Than One-Third Of Small Businesses “In Jeopardy” Of Closing This Summer – As small businesses complain that it has never been harder for them to hire workers according to a recent NFIB survey, many are facing growing pressure to survive. As the American economy continues to reopen, some fear it might not happen soon enough to save thousands of small businesses. Data from Alignable’s June Revenue Poll shows that 35% of all small business owners are still at risk of closing permanently by the end of the summer.

Among the 3,772 small business owners in the 10 days ended June 1, Alignable’s June Revenue Poll showed a myriad of factors – including the remaining closures and restrictions, growing inflationary pressures on prices, rising gas and transportation prices and labor shortages – are creating problems that affect small businesses more intensely than their corporate partners. – READ MORE


Gen Z Is Spending At 125% Of Pre-Covid Levels, Amex CEO Says – No sooner did we just get done detailing how the time to build wealth was passing millennials by quickly than we find out that Gen Z is also doing everything they can to prevent themselves from building wealth.

Notably, they’re spending themselves into oblivion, a new Bloomberg report notes. – READ MORE


Semi Shortage To Last Until “Mid-To-Late 2022”, World’s Third Largest Electronics Manufacturer Says – It still looks like we are nowhere near the end of the ongoing global semi chip shortage. Even worse, more manufacturers are confirming that the shortage could last “for at least another year”, catalyzed by sharp post-pandemic demand for automobiles and electronics.

Flex, the world’s third-biggest electronics contract manufacturer, offered up the “gloomiest” forecast for the crisis yet to FT this week. The company has more than 100 sites in 30 countries and works with major names like Dyson and HP. – READ MORE


Oil and gas company turns tables on eco-friendly North Face with new ad campaign: ‘No chance’ they’d ‘exist’ without fossil fuels – An oil and gas company in Colorado is trolling The North Face in a new ad campaign calling out the popular apparel maker’s hypocrisy regarding fossil fuels.

Denver-based company Liberty Oilfield Services launched the witty ad campaign, coined, “Thank you, North Face,” on Thursday by putting up billboards near the outdoor recreation company’s Denver offices, Fox Business reported.- READ MORE


Gov. Cuomo’s $2.5M In Legal Bills Could Be Paid For By New York Taxpayers – The federal probe into New York Gov. Cuomo’s office allegedly fudging the numbers on nursing homes in the state during the coronavirus pandemic combined with multiple sexual harassment charges reportedly stand at about $2.5 million currently. And, it’s a cost that could be paid for by taxpayers.

This is a possibility is according to an Associated Press story on Tuesday. – READ MORE


Why Did A Pentagon Subagency Dedicated To Countering WMDs Give $37.5 Million To Firm With Ties To Wuhan Lab? – The U.S. charity that allegedly funded risky experiments on coronaviruses at a Wuhan lab prior to the pandemic has received at least $37.5 million from a Department of Defense subagency dedicated to countering weapons of mass destruction, federal records show.

The Defense Threat Reduction Agency (DTRA) provided the funds to EcoHealth Alliance across nine contracts and grants since 2013, the records show. Five of the DTRA’s projects with EcoHealth are still active. The projects involved studying and combatting pathogenic risks in Malaysia, Western Asia and Africa. – READ MORE


Fauci’s NIH Funded Wuhan Military Scientist Who Died Mysteriously After Filing COVID Vaccine Patent – As we move further down the rabbit hole of exactly what in the devil has been going on in China’s ‘bat labs,’ we now turn our attention to one Zhou Yusen – a Chinese military scientist specializing in coronaviruses who collaborated with the Wuhan Institute of Virology’s “Bat Woman,” Zhengli Shi – with at least one project to geneticially manipulate coronaviruses having been funded by three grants from the National Institutes of Heath (NIH) – home to Dr. Anthony Fauci – via US universities, according to documents obtained by The Weekend Australian’s Sharri Markson – who has written an upcoming book, “What really happened in Wuhan.” The previously undisclosed NIH funding of a PLA military scientist is separate from millions in grants awarded EcoHealth alliance, which also collaborated with the WIV. – READ MORE

Share:
No Comments Yet

Leave a Reply

2021 © True Pundit. All rights reserved.