G7 – USMAIL24.COM https://usmail24.com News Portal from USA Sun, 03 Mar 2024 02:37:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.4 https://usmail24.com/wp-content/uploads/2024/01/Untitled-design-1-100x100.png G7 – USMAIL24.COM https://usmail24.com 32 32 195427244 ‘Trump is dangerous for women’: Jill Biden during re-election campaign https://usmail24.com/trump-is-dangerous-to-women-jill-biden-during-re-election-campaign-world-news-6760785/ https://usmail24.com/trump-is-dangerous-to-women-jill-biden-during-re-election-campaign-world-news-6760785/#respond Sun, 03 Mar 2024 02:37:18 +0000 https://usmail24.com/trump-is-dangerous-to-women-jill-biden-during-re-election-campaign-world-news-6760785/

US elections: First Lady Jill Biden said during her re-election campaign in Atlanta that former president “Donald Trump is dangerous to women and to our families.” ‘Trump is dangerous for women’: Jill Biden during re-election campaign Atlanta: First Lady Jill Biden, who is helping her husband’s re-election campaign, expressed her strong opinions about former President […]

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US elections: First Lady Jill Biden said during her re-election campaign in Atlanta that former president “Donald Trump is dangerous to women and to our families.”

‘Trump is dangerous for women’: Jill Biden during re-election campaign

Atlanta: First Lady Jill Biden, who is helping her husband’s re-election campaign, expressed her strong opinions about former President Donald Trump. At an event in Atlanta aimed at mobilizing women voters, Jill Biden unleashed a new barrage of mocking comments about former US President Donald Trump, calling him a dangerous man, CNN reported. “I am so proud of the way Joe has put women at the center of his agenda. But Donald Trump spent his life tearing us down and devaluing our existence. He mocks women’s bodies, disrespects our achievements and brags about abuse. Now he’s bragging about killing Roe v Wade,” Jill Biden said.

The first lady continued her attack on Trump by talking about Georgia’s abortion ban. “He was again credited with enabling states like Georgia to pass cruel abortion bans that take away women’s right to make health care decisions. How far will he go? When will he stop? You know the answer: he won’t. He won’t do that, she said.

Jill Biden begins a three-day, four-stop state campaign, leading the “Women for Biden-Harris” coalition. She is trying to convince women voters for the upcoming general elections. Her mission is clear: to deliver a sharp message about the perceived dangers of Donald Trump, as reported by CNN.

“Donald Trump is dangerous to women and to our families. We just can’t let him win,” she said in Atlanta.
During the campaign, Jill Bidem will visit Arizona, Nevada and Wisconsin, with a strategic focus on reaching Black and Latino communities to strengthen support among key demographic groups.

Initially, her campaign focused on the task of raising money from across the country. However, we are now seeing a shift in her roles. Looking ahead, it is expected that she will often promote her husband’s campaign and support his ambitions and efforts.

Despite clarifying that she is not a political advisor to President Joe Biden, Jill Biden’s influence is significant. She actively participates in political rallies and hiring decisions for key personnel, making her a trusted partner in the White House and the campaign. Combining her campaign work with her official role and teaching position at Northern Virginia Community College, Jill Biden remains committed to her responsibilities.

As the campaign intensifies, there are plans to hire additional staff to support the first lady in her outreach efforts. While most of her travel in 2024 will be within the United States, there is speculation that she could accompany the president to the G7 summit in Italy in June and attend the Olympics in Paris, insider sources said. CNN reported.

(with input from authorities)



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King Charles praises ‘determination and strength’ of Ukrainian people ‘in the face of indescribable aggression’ on second anniversary of Putin’s invasion https://usmail24.com/king-charles-praises-determination-strength-ukraine-htmlns_mchannelrssns_campaign1490ito1490/ https://usmail24.com/king-charles-praises-determination-strength-ukraine-htmlns_mchannelrssns_campaign1490ito1490/#respond Sat, 24 Feb 2024 19:48:45 +0000 https://usmail24.com/king-charles-praises-determination-strength-ukraine-htmlns_mchannelrssns_campaign1490ito1490/

The King has praised the ‘determination and strength’ of the Ukrainian people in a message marking the second anniversary of Russia’s invasion. Charles III says he is ‘greatly encouraged’ by the efforts of the UK and its allies in supporting Ukraine ‘at this time of such great suffering and need’. He said: ‘The determination and […]

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The King has praised the ‘determination and strength’ of the Ukrainian people in a message marking the second anniversary of Russia’s invasion.

Charles III says he is ‘greatly encouraged’ by the efforts of the UK and its allies in supporting Ukraine ‘at this time of such great suffering and need’.

He said: ‘The determination and strength of the Ukrainian people continues to inspire, as the unprovoked attack on their land, their lives and livelihoods enters a third, tragic, year.

‘Despite the tremendous hardship and pain inflicted upon them, Ukrainians continue to show the heroism with which the world associates them so closely.

‘Theirs is true valour, in the face of indescribable aggression. I have felt this personally in the many meetings I have had with Ukrainians since the start of the war, from President Zelensky and Mrs Zelenska, to new army recruits training here in the United Kingdom.

The King (pictured with the Queen) has praised the ‘determination and strength’ of the Ukrainian people in a message marking the second anniversary of Russia’s invasion

The King (pictured meeting President Zelensky) has paid tribute to Ukraine's strength on the second anniversary of Russia's invasion

The King (pictured meeting President Zelensky) has paid tribute to Ukraine’s strength on the second anniversary of Russia’s invasion

He said: 'The determination and strength of the Ukrainian people continues to inspire, as the unprovoked attack on their land, their lives and livelihoods enters a third, tragic, year'

He said: ‘The determination and strength of the Ukrainian people continues to inspire, as the unprovoked attack on their land, their lives and livelihoods enters a third, tragic, year’

People stand at the memorial site for those killed during the war, near Maidan Square in central Kyiv, Ukraine, this morning

People stand at the memorial site for those killed during the war, near Maidan Square in central Kyiv, Ukraine, this morning

A resident inspects a damaged residential building following a drone attack in Odesa today - on the second anniversary of Russia's invasion

A resident inspects a damaged residential building following a drone attack in Odesa today – on the second anniversary of Russia’s invasion

World leaders were see arriving in Kyiv today to mark their support for President Zelensky, including Italian Prime Minister Georgia Meloni (pictured)

World leaders were see arriving in Kyiv today to mark their support for President Zelensky, including Italian Prime Minister Georgia Meloni (pictured)

Prime Minister Rishi Sunak joined other world leaders in reaffirming support for Ukraine on the second anniversary of Russia's invasion, vowing to back Kyiv 'until they prevail'

Prime Minister Rishi Sunak joined other world leaders in reaffirming support for Ukraine on the second anniversary of Russia’s invasion, vowing to back Kyiv ‘until they prevail’

Labour leader Sir Keir Starmer said Britain would always support Ukraine 'no matter who is in power in this country' and added that Mr Putin's 'cowardice and barbarity' will not win

Labour leader Sir Keir Starmer said Britain would always support Ukraine ‘no matter who is in power in this country’ and added that Mr Putin’s ‘cowardice and barbarity’ will not win

People attend an Inter-faith Prayer Service for peace in Ukraine, at the Ukrainian Catholic Cathedral in London this morning

People attend an Inter-faith Prayer Service for peace in Ukraine, at the Ukrainian Catholic Cathedral in London this morning

Ukrainian Londoners turned out in force to mark the second anniversary of the invasion earlier today

Ukrainian Londoners turned out in force to mark the second anniversary of the invasion earlier today

A pro-Ukraine march in Reading earlier today saw local Ukrainians march alongside members of the Reading Peace Group, The Reading Quakers, Greenpeace and MP Matt Rodda

A pro-Ukraine march in Reading earlier today saw local Ukrainians march alongside members of the Reading Peace Group, The Reading Quakers, Greenpeace and MP Matt Rodda

Women draped in Ukrainian flags protest in front of the Russian Embassy in Berlin to show solidarity with Ukraine

Women draped in Ukrainian flags protest in front of the Russian Embassy in Berlin to show solidarity with Ukraine

People gather to show support for Ukraine, in front of the Russian Embassy in Copenhagen, Denmark, this morning

People gather to show support for Ukraine, in front of the Russian Embassy in Copenhagen, Denmark, this morning

Ukrainians hold a 30-meter-long Ukrainian flag as they gather to commemorate the second anniversary of the war in front of the European Parliament in Brussels, Belgium

Ukrainians hold a 30-meter-long Ukrainian flag as they gather to commemorate the second anniversary of the war in front of the European Parliament in Brussels, Belgium

Supporters gather in front of a statue of the Ukrainian poet Taras Shevchenko in Toulouse, southwestern France, this morning

Supporters gather in front of a statue of the Ukrainian poet Taras Shevchenko in Toulouse, southwestern France, this morning

Demonstrators protest against the Russian invasion of Ukraine in Tokyo, Japan, earlier today to mark the second anniversary of Putin's attack

Demonstrators protest against the Russian invasion of Ukraine in Tokyo, Japan, earlier today to mark the second anniversary of Putin’s attack

Scotland's First Minister Humza Yousaf attends a memorial wreath laying service to mark the second anniversary of Russia's invasion of Ukraine

Scotland’s First Minister Humza Yousaf attends a memorial wreath laying service to mark the second anniversary of Russia’s invasion of Ukraine

‘I continue to be greatly encouraged that the United Kingdom and our allies remain at the forefront of international efforts to support Ukraine at this time of such great suffering and need.

‘My heart goes out to all those affected, as I remember them in my thoughts and prayers.’

The King has undertaken many engagements in the UK linked to Ukraine since the war began, including visiting a training site for military recruits in Wiltshire.

He has met Ukrainian President Volodymyr Zelensky several times, including during his visit to the UK in February last year.

It was announced earlier this month that Charles had been diagnosed with a form of cancer, discovered while he was being treated in hospital for an enlarged prostate.

He has started a schedule of regular treatments but postponed all public-facing duties, spending much of his time at the royal residence in Sandringham, Norfolk.

Prime Minister Rishi Sunak joined other world leaders in reaffirming support for Ukraine on the second anniversary of Russia’s invasion, vowing to back Kyiv ‘until they prevail’.

The Prime Minister said ‘tyranny will never triumph’ as President Volodymyr Zelensky’s troops defend the country against an emboldened Moscow.

The UK has pledged to invest £245 million in producing artillery shells for Ukraine and £8.5 million in humanitarian funding as the conflict enters its third year.

Saturday marks two years since the Kremlin launched its attack on Ukraine, starting the biggest incursion in a European country since the Second World War.

Mr Sunak, who visited Kyiv last month to sign a new security agreement and announce an increase in military funding for the country, said on Friday: ‘When (Russian President Vladimir) Putin launched his illegal invasion two years ago, the free world was united in its response.

‘We stood together behind Ukraine. And on this grim anniversary, we must renew our determination.

‘I was in Kyiv just a few weeks ago and I met wounded Ukrainian soldiers. Each harrowing story was a reminder of Ukraine’s courage in the face of terrible suffering.

‘It was a reminder of the price they are paying not only to defend their country against a completely unjustified invasion, but also to defend the very principles of freedom, sovereignty and the rule of law on which we all depend.’

He added: ‘This is the moment to show that tyranny will never triumph and to say once again that we will stand with Ukraine today and tomorrow.

‘We are prepared to do whatever it takes, for as long as it takes, until they prevail.’

Labour leader Sir Keir Starmer, who hopes to enter Number 10 after the general election this year, said Britain would always support Ukraine ‘no matter who is in power in this country’ and added that Mr Putin’s ‘cowardice and barbarity’ will not prevail.

Sir Keir said: ‘The resistance of the Ukrainian people has inspired and humbled the world. The UK and our allies will stand in solidarity with them until their day of victory.

Ukrainian soldiers take part in a training excercise run by operated by Britain's armed forces today

Ukrainian soldiers take part in a training excercise run by operated by Britain’s armed forces today

Ukrainian soldiers carry out a British Army training exercise in eastern England earlier today

Ukrainian soldiers carry out a British Army training exercise in eastern England earlier today

Boris Johnson visits the town of Borodianka, heavily damaged during Russia's invasion of Ukraine, in 2022

Boris Johnson visits the town of Borodianka, heavily damaged during Russia’s invasion of Ukraine, in 2022

A young child holds up a 'Save Ukraine' sign during a march in Whitehall

A young child holds up a ‘Save Ukraine’ sign during a march in Whitehall

‘We will not waver. We will not abandon them. We will not be divided in the face of tyranny or oppression.

‘We look together to the day when Ukraine secures justice and liberty in their rightful homeland, when Ukrainians can return home and rebuild their great country, and live peacefully, freely and proudly.’

European countries are struggling to find enough weapons and ammunition to send to Kyiv, and US help worth 60 billion dollars (£47 billon) is stalled over political differences in Washington.

Ukrainian forces withdrew from the strategic eastern city of Avdiivka at the weekend, where they had battled a fierce Russian assault for four months despite being heavily outnumbered and outgunned.

Kyiv has kept up strikes behind the front line but moved to a defensive posture amid critical shortages on the battlefield.

Speaking to BBC Breakfast, Defence Secretary Grant Shapps was asked whether the funding package announced on Saturday was enough.

‘That £245 million is just a fraction of the £2.5 billion we’re giving in direct aid and military assistance this year… but ammunition is the thing that Ukraine desperately needs at the moment,’ he said.

Mr Shapps echoed concerns raised by Foreign Secretary Lord Cameron over the progress of the US funding package through Congress, where it faces an uphill battle as hardline Republicans in the House of Representatives oppose the legislation.

Former Prime Minister Boris Johnson arrived in Ukraine today, where he joined a number of allies who have come to show solidarity as the war enters its third year.

Writing on X, formerly Twitter, this morning Johnson said: ‘On this grim second anniversary of Putin’s invasion I am honoured to be here in Ukraine.

‘With their indomitable courage I have no doubt that the Ukrainians will win and expel Putin’s forces – provided we give them the military, political and economic help that they need.’

He shared a photo of him standing with Zelenskyy in Borodianka, Kyiv region in January last year on one of numerous visits to the war-torn state.

It came as Italian Prime Minister Giorgia Meloni arrived in Kyiv to preside over a virtual meeting on Ukraine with G7 to discuss new sanctions against Russia.

Johnson announced on X he was in Ukraine today, sharing this picture from January last year

Johnson announced on X he was in Ukraine today, sharing this picture from January last year

Ukraine president Zelensky pictured during a Joint meeting in Kyiv, 24 February 2024

Ukraine president Zelensky pictured during a Joint meeting in Kyiv, 24 February 2024

Italian Prime Minister Giorgia Meloni arriving in Kyiv on February 24, 2024 to preside over a G7 virtual meeting on Ukraine on the second anniversary of the Russian invasion

Italian Prime Minister Giorgia Meloni arriving in Kyiv on February 24, 2024 to preside over a G7 virtual meeting on Ukraine on the second anniversary of the Russian invasion

Johnson’s premiership saw record support for Ukraine, Britain quickly becoming the second-largest donor after the United States.

The former prime minister has maintained strong relations with Ukrainian leader Zelenskyy since leaving office.

Ninety minutes after resigning in July 2022, Johnson called Zelenskyy to say his people had the UK’s unwavering support in its fight against Russia, and said Britain would continue to supply vital aid for as long as needed.

Johnson, who held the top role when Russia invaded on February 24, 2022, travelled to Ukraine a year after stepping down to receive an honorary degree from the University of Lviv.

His arrival today coincides with a virtual summit of G7 leaders due to take place at Kyiv’s Saint Sophia Cathedral later Saturday with Zelenskyy attending.

Italian prime minister Giorgia Meloni, Canadian prime minister Justin Trudeau and Belgian prime minister Alexander De Croo arrived in Kyiv today to take part in the G7 summit.

They travelled with the president of the European Commission, Ursula von der Leyen, on an overnight train from neighbouring Poland.

Their presence was designed to underline the West’s commitment to helping Ukraine even as it suffers growing shortages of military supplies, impacting its performance on the battlefield where Moscow is grinding out territorial gains.

Von der Leyen wrote on the social media platform X that she was in Kyiv ‘to celebrate the extraordinary resistance of the Ukrainian people’. She added: ‘More than ever, we stand firmly by Ukraine. Financially, economically, militarily, morally. Until the country is finally free.’ 

British prime minister Rishi Sunak also voiced support for Ukraine’s plight in an address to mark the second anniversary.

The Prime Minister declared that ‘tyranny will never triumph’ as he said Britain will do ‘whatever it takes, for as long as it takes’ to help them win.

Mr Sunak said: ‘When Putin launched his illegal invasion… the free world was united in its response.

Russian President Vladimir Putin attends a presentation in Kazan, February 22, 2024

Russian President Vladimir Putin attends a presentation in Kazan, February 22, 2024

The US also imposed sanctions following news of the death of Alexei Navalny on February 16

The US also imposed sanctions following news of the death of Alexei Navalny on February 16

‘We stood together behind Ukraine. And on this grim anniversary, we must renew our determination.

‘This is the moment to show that tyranny will never triumph and to say once again that we will stand with Ukraine today and tomorrow. We are prepared to do whatever it takes, for as long as it takes, until they prevail.’

The prime minister visited Kyiv last month to sign a new security agreement and announce more military funding for Ukraine.

On Friday, US President Joe Biden also announced 500 new sanctions targeting Russia’s ‘financial sector, defence industrial base and procurement networks’ in light of the shock death of Russian opposition leader Alexei Navalny in a grisly Arctic penal colony on February 16.

The new restrictions were described as ‘crushing’ by a high-level State Department official on Thursday, who also claimed they would target officials ‘directly involved in Navalny’s death’. Moscow still denies involvement in the shock death last Friday.

The US will also impose new export restrictions on nearly 100 entities for providing support to Russia and take action to further reduce Russia’s energy revenues, Biden said in a statement.

‘They will ensure Putin pays an even steeper price for his aggression abroad and repression at home,’ the president said of the sanctions.

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Biden demands supermarkets to lower soaring grocery prices https://usmail24.com/biden-demands-supermarkets-lower-soaring-grocery-prices-htmlns_mchannelrssns_campaign1490ito1490/ https://usmail24.com/biden-demands-supermarkets-lower-soaring-grocery-prices-htmlns_mchannelrssns_campaign1490ito1490/#respond Fri, 02 Feb 2024 11:49:13 +0000 https://usmail24.com/biden-demands-supermarkets-lower-soaring-grocery-prices-htmlns_mchannelrssns_campaign1490ito1490/

By Stephen M. Lepore Published: 06:00 EST, 2 February 2024 | Updated: 06:00 EST, 2 February 2024 Advertisement Joe Biden has suggested supermarkets should defy the laws of supply and demand to lower soaring prices that threaten his chances of re-election. ‘There are still too many corporations in America ripping people off: price gouging, junk […]

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Joe Biden has suggested supermarkets should defy the laws of supply and demand to lower soaring prices that threaten his chances of re-election. ‘There are still too many corporations in America ripping people off: price gouging, junk fees, greedflation, shrinkflation,’ he said at a speech in South Carolina last week. ‘Americans, we’re tired of being played for suckers and that’s why we’re going to keep these guys – keep on them and get the prices down.’

White House aides told The New York Times that Biden was taking aim at supermarkets - and that more is to come. A 16 percent rise in the cost of eggs, milk and other staples over the past two years has put pressure on many Americans who have complained that they're struggling with the cost of living, despite a strong overall economy. But prices in supermarket aisles have been turbocharged by inflation, soaring demand and supply chain issues - none of which store bosses can control.

White House aides told The New York Times that Biden was taking aim at supermarkets – and that more is to come. A 16 percent rise in the cost of eggs, milk and other staples over the past two years has put pressure on many Americans who have complained that they’re struggling with the cost of living, despite a strong overall economy. But prices in supermarket aisles have been turbocharged by inflation, soaring demand and supply chain issues – none of which store bosses can control.

A recent poll showed that 35 per cent of US adults call the national economy 'good.' That's an uptick from 30 per cent who said so late last year and up from 24 per cent who said so a year ago. While that's an improvement, it still remains lower than Biden's already low approval rating - 38 per cent - in the same survey, with prices still too high and the president desperate for a solution before facing voters in November. It remains unclear what the grocery chains can do given the underlying factors, like an avian flu-influenced rise in egg prices and price raising by manufacturers on things like soda and candy.

A recent poll showed that 35 per cent of US adults call the national economy ‘good.’ That’s an uptick from 30 per cent who said so late last year and up from 24 per cent who said so a year ago. While that’s an improvement, it still remains lower than Biden’s already low approval rating – 38 per cent – in the same survey, with prices still too high and the president desperate for a solution before facing voters in November. It remains unclear what the grocery chains can do given the underlying factors, like an avian flu-influenced rise in egg prices and price raising by manufacturers on things like soda and candy.

The Federal Reserve Bank of Kansas City said last year that the tight labor market is also a contributor to the rising prices. While Biden remains aware that prices are too high, it seems he has little solution within America's system but to complain about it to the retailers, who are facing higher profit margins themselves. Bharat Ramamurti, a progressive former economic aide to Biden, told the New York Times there's only so much short term Biden could do with 'When you have something that is driven in part by supply disruptions, what can you actually do to put downward pressure on prices?' Ramamurti asked.

The Federal Reserve Bank of Kansas City said last year that the tight labor market is also a contributor to the rising prices. While Biden remains aware that prices are too high, it seems he has little solution within America’s system but to complain about it to the retailers, who are facing higher profit margins themselves. Bharat Ramamurti, a progressive former economic aide to Biden, told the New York Times there’s only so much short term Biden could do with ‘When you have something that is driven in part by supply disruptions, what can you actually do to put downward pressure on prices?’ Ramamurti asked.

An executive for Kroger, one of America's largest supermarket chains, believes a solution could be in that company's impending merger with fellow chain Albertson's. 'We agree with President Biden: Too many grocers in America have increased margins in contrast to Kroger, who have reduced our margins consistently for nearly 20 years to save customers billions,' said Kroger VP of Corporate Affairs and Chief Sustainability Officer Keith Dailey 'Through our merger with Albertsons, Kroger will lower prices for even more of America's consumers.'

An executive for Kroger, one of America’s largest supermarket chains, believes a solution could be in that company’s impending merger with fellow chain Albertson’s. ‘We agree with President Biden: Too many grocers in America have increased margins in contrast to Kroger, who have reduced our margins consistently for nearly 20 years to save customers billions,’ said Kroger VP of Corporate Affairs and Chief Sustainability Officer Keith Dailey ‘Through our merger with Albertsons, Kroger will lower prices for even more of America’s consumers.’

However, the Times reports that the Federal Trade Commission is likely to block the merger, with skeptics believing it will reduce competition and allow for higher prices. Despite the economic anxieties of a large majority of Americans - 65 per cent still call the economy poor in a recent AP/NORC poll - the country's economy is growing at a faster pace than any other G7 country in part thanks to a post-pandemic productivity boom, experts say. The IMF World Economic Outlook report estimates the US economy grew by 2.5 percent in 2023 - and is set for a similar 2.1 percent growth in 2024.

However, the Times reports that the Federal Trade Commission is likely to block the merger, with skeptics believing it will reduce competition and allow for higher prices. Despite the economic anxieties of a large majority of Americans – 65 per cent still call the economy poor in a recent AP/NORC poll – the country’s economy is growing at a faster pace than any other G7 country in part thanks to a post-pandemic productivity boom, experts say. The IMF World Economic Outlook report estimates the US economy grew by 2.5 percent in 2023 – and is set for a similar 2.1 percent growth in 2024.

The findings lay bare the surprising resilience of the US in the face of red-hot inflation and soaring interest rates. Multiple Wall Street economists had predicted these pressures would push America into a recession in 2023. The IMF report noted that households had benefitted from a rise in disposable incomes thanks to a strong labor market. Many were also propped up by their accumulated savings from lockdown.

The findings lay bare the surprising resilience of the US in the face of red-hot inflation and soaring interest rates. Multiple Wall Street economists had predicted these pressures would push America into a recession in 2023. The IMF report noted that households had benefitted from a rise in disposable incomes thanks to a strong labor market. Many were also propped up by their accumulated savings from lockdown.

What's more, researchers say that the pandemic triggered a swing in Americans shifting towards higher-productivity work. It comes after interest rates reached a 22-year-high in 2023 as the Federal Reserve sought to dampen red-hot inflation.

What’s more, researchers say that the pandemic triggered a swing in Americans shifting towards higher-productivity work. It comes after interest rates reached a 22-year-high in 2023 as the Federal Reserve sought to dampen red-hot inflation.

In their predictions for 2023, economists at Barclays Capital Inc. said it would go down as one of the worst ever for the global economy while Fidelity Investments labelled a US recession 'likely.' But rampant consumer spending and a strong labor market has consistently surprised officials.

In their predictions for 2023, economists at Barclays Capital Inc. said it would go down as one of the worst ever for the global economy while Fidelity Investments labelled a US recession ‘likely.’ But rampant consumer spending and a strong labor market has consistently surprised officials.

Yesterday Fed Chair Jerome Powell (pictured) alluded to this as he confirmed officials had voted to hold interest rates steady at their current level of between 5.25 and 5.5 percent. Powell told reporters that economic data from the last six months had been 'promising.' However, he cautioned: 'Inflation is still too high and the path to bringing it down is not assured.'

Yesterday Fed Chair Jerome Powell (pictured) alluded to this as he confirmed officials had voted to hold interest rates steady at their current level of between 5.25 and 5.5 percent. Powell told reporters that economic data from the last six months had been ‘promising.’ However, he cautioned: ‘Inflation is still too high and the path to bringing it down is not assured.’

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Angry Biden demands supermarkets cut prices as rising grocery costs threaten his re-election — even though inflation, demand and supply chain disruptions blamed for surges are beyond retailers' control https://usmail24.com/angry-biden-demands-supermarkets-reduce-prices-soaring-grocery-costs-threaten-election-inflation-demand-supply-chain-disruptions-blamed-spikes-retailers-control-htmlns_mchannelrssns_campaign1490i/ https://usmail24.com/angry-biden-demands-supermarkets-reduce-prices-soaring-grocery-costs-threaten-election-inflation-demand-supply-chain-disruptions-blamed-spikes-retailers-control-htmlns_mchannelrssns_campaign1490i/#respond Fri, 02 Feb 2024 06:19:23 +0000 https://usmail24.com/angry-biden-demands-supermarkets-reduce-prices-soaring-grocery-costs-threaten-election-inflation-demand-supply-chain-disruptions-blamed-spikes-retailers-control-htmlns_mchannelrssns_campaign1490i/

President Joe Biden is demanding that supermarkets cut prices as confidence in his economic policies remains low ahead of his re-election campaign. A recent poll showed that 35 percent of American adults call the national economy “good.” That's an increase from 30 percent who said that late last year and increased from 24 percent who […]

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President Joe Biden is demanding that supermarkets cut prices as confidence in his economic policies remains low ahead of his re-election campaign.

A recent poll showed that 35 percent of American adults call the national economy “good.” That's an increase from 30 percent who said that late last year and increased from 24 percent who said that a year ago.

While that's an improvement, it still remains lower than Biden's already low approval rating — 38 percent — in the same survey, with prices still too high and the president desperate for a solution before he takes office faced voters in November.

During a recent speech, it became clear that despite conditions such as inflation, supply chain disruptions and demand beyond their control, Biden is blaming retailers and demanding they lower prices.

“There are still too many companies in America ripping people off: price gouging, junk fees, greed inflation, loss inflation,” he said during a speech in South Carolina last week.

President Joe Biden demands supermarkets cut prices as confidence in his economic policies remains low ahead of his re-election campaign

“Americans, we're tired of being played as suckers and that's why we're going to keep these guys, move on and lower the prices.”

Although inflation has decreased somewhat, Americans continue to struggle with rising prices for basic products such as eggs and milk.

Those prices rose by 11 percent in 2022 and another 5 percent in 2023. the National Bureau of Economic Research.

It remains unclear what the supermarket chains can do given the underlying factors, such as a bird flu-influenced increase in egg prices and price increases by manufacturers of items such as soft drinks and candy.

The Federal Reserve Bank of Kansas City said last year that the tight labor market is also contributing to rising prices.

While Biden remains aware that prices are too high, it appears he has little choice within the American system other than to complain about it to retailers, who themselves face higher profit margins.

Bharat Ramamurti, a progressive former economic aide to Biden, said this the New York Times that Biden can only do so much in the short term

“If you have something that is partly caused by supply disruptions, what can you actually do to put downward pressure on prices?” Ramamurti asked.

During a recent speech, it was clear that despite conditions like inflation, supply chain disruptions and demand beyond their control, Biden is blaming retailers and demanding they lower prices.

During a recent speech, it became clear that despite conditions like inflation, supply chain disruptions and demand beyond their control, Biden is blaming retailers and demanding they lower prices.

Inflation rose to 3.4 percent in December – above economists' forecasts – raising fears that the Federal Reserve could avert rate hikes this year

Inflation rose to 3.4 percent in December – above economists' forecasts – raising fears that the Federal Reserve could avert rate hikes this year

An executive at Kroger, one of America's largest supermarket chains, believes a solution could lie in that company's pending merger with fellow chain Albertson's.

“We agree with President Biden: too many grocers in America have increased their margins, unlike Kroger, which has consistently cut our margins for nearly two decades to save customers billions,” said Kroger VP of Corporate Affairs and Chief Sustainability Officer Keith Dailey.

“Through our merger with Albertsons, Kroger will lower prices for even more American consumers.”

However, the Times reports that the Federal Trade Commission is likely to block the merger, with skeptics believing it will reduce competition and allow higher prices.

Despite the economic concerns of a large majority of Americans — 65 percent still call the economy poor in a recent AP/NORC survey — the country's economy is growing faster than any other G7 nation, thanks in part to post-pandemic productivity boom, experts say.

The IMF World Economic Outlook report estimates that the U.S. economy will have grown 2.5 percent in 2023 – and expects similar growth of 2.1 percent in 2024.

The findings reveal the surprising resilience of the US in the face of red-hot inflation and rising interest rates. Several Wall Street economists had predicted that these pressures would push America into a recession by 2023.

The IMF report noted that households had benefited from a rise in disposable income thanks to a strong labor market. Many were also buoyed by their accumulated savings as a result of the lockdown.

FILE - President Joe Biden speaks to members of the media before boarding Marine One on the South Lawn of the White House in Washington, January 30, 2024. American adults feel only slightly better about the economy, despite stocks near reaching record highs and surprisingly strong growth last year.  A new poll from the Associated Press-NORC Center for Public Affairs Research shows that 35% of American adults call the national economy good.  (AP Photo/Andrew Harnik, file)

FILE – President Joe Biden speaks to members of the media before boarding Marine One on the South Lawn of the White House in Washington, January 30, 2024. American adults feel only slightly better about the economy, despite stocks near reaching record highs and surprisingly strong growth last year. A new poll from the Associated Press-NORC Center for Public Affairs Research shows that 35% of American adults call the national economy good. (AP Photo/Andrew Harnik, file)

Additionally, researchers say the pandemic has sparked a shift in Americans shifting to higher-productivity jobs.

It comes after interest rates hit a 22-year high in 2023 as the Federal Reserve tried to tame red-hot inflation.

In their 2023 forecasts, economists at Barclays Capital Inc. said. that this would go down in history as one of the worst ever for the global economy, while Fidelity Investments called a US recession 'likely'.

But rampant consumer spending and a strong labor market have continually surprised officials.

Yesterday, Fed Chairman Jerome Powell alluded to this when he confirmed that officials had voted to keep interest rates stable at their current level between 5.25 and 5.5 percent.

Powell told reporters that economic data over the past six months was “promising.”

However, he warned: “Inflation is still too high and the path to reducing it is not certain.”

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Report: The US economy grew faster than any other G7 country last year https://usmail24.com/report-economy-grew-faster-g7-country-year-htmlns_mchannelrssns_campaign1490ito1490/ https://usmail24.com/report-economy-grew-faster-g7-country-year-htmlns_mchannelrssns_campaign1490ito1490/#respond Thu, 01 Feb 2024 21:36:24 +0000 https://usmail24.com/report-economy-grew-faster-g7-country-year-htmlns_mchannelrssns_campaign1490ito1490/

By Helena Kelly Assistant consumer editor for Dailymail.Com Published: 3:58 PM EST, February 1, 2024 | Updated: 4:04 PM EST, February 1, 2024 Advertisement The US economy is growing faster than any other G7 country, thanks in part to post-pandemic productivity growth, experts say. The IMF World Economic Outlook report estimates that the U.S. economy […]

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The US economy is growing faster than any other G7 country, thanks in part to post-pandemic productivity growth, experts say. The IMF World Economic Outlook report estimates that the U.S. economy grew 2.5 percent in 2023 and expects similar growth of 2.1 percent in 2024. Japan saw the second-largest growth after its economy expanded 1.9 percent, while Canada came in third after an economic crisis. 1.1 percent increase in GDP.

But despite beating the world's 'advanced economies', US growth was outpaced by the so-called 'emerging markets' China and India – which are not part of the G7.  They saw their GDP increase by 5.2 percent and 6.7 percent respectively.  The IMF said the risk of a global recession has now sharply declined as it predicts the global economy will grow by 3.1 percent in 2024.

But despite beating the world's 'advanced economies', US growth was outpaced by the so-called 'emerging markets' China and India – which are not part of the G7. They saw their GDP increase by 5.2 percent and 6.7 percent respectively. The IMF said the risk of a global recession has now sharply declined as it predicts the global economy will grow by 3.1 percent in 2024.

The findings reveal the surprising resilience of the US in the face of red-hot inflation and rising interest rates.  Several Wall Street economists had predicted that these pressures would push America into a recession by 2023.  The IMF report noted that households had benefited from a rise in disposable income thanks to a strong labor market.  Many were also buoyed by their accumulated savings as a result of the lockdown.

The findings reveal the surprising resilience of the US in the face of red-hot inflation and rising interest rates. Several Wall Street economists had predicted that these pressures would push America into a recession by 2023. The IMF report noted that households had benefited from a rise in disposable income thanks to a strong labor market. Many were also buoyed by their accumulated savings as a result of the lockdown.

Additionally, researchers say the pandemic has sparked a shift in Americans shifting to higher-productivity jobs.  Adam Posen, president of the Peterson Institute for International Economics, told Axios: 'The massive labor market turnover caused by COVID in 2020-2021 had the unintended benefit of moving millions of lower-income workers into better jobs, more income security and/or running .  their own affairs.

Additionally, researchers say the pandemic has sparked a shift in Americans shifting to higher-productivity jobs. Adam Posen, president of the Peterson Institute for International Economics, told Axios: 'The massive labor market turnover caused by COVID in 2020-2021 had the unintended benefit of moving millions of lower-income workers into better jobs, more income security and/or running . their own affairs.

'We are now reaping the benefits in labor force participation, wage growth and improved productivity.'  Figures released today show that US worker productivity grew faster than expected in the fourth quarter of last year.

'We are now reaping the benefits in labor force participation, wage growth and improved productivity.' Figures released today show that US worker productivity grew faster than expected in the fourth quarter of last year.

According to the Labor Department's Bureau of Labor Statistics, nonfarm productivity — which measures output per hour per worker — increased 3.2 percent compared to the same period last year.  By comparison, many other G7 countries faced greater economic pressure than the US.

According to the Labor Department's Bureau of Labor Statistics, nonfarm productivity — which measures output per hour per worker — increased 3.2 percent compared to the same period last year. By comparison, many other G7 countries faced greater economic pressure than the US.

For example, major European economies have seen their energy costs rise over the past two years thanks to sanctions on Russian oil and natural gas.  Meanwhile, Japan is struggling with a shrinking population and low immigration rates.

For example, major European economies have seen their energy costs rise over the past two years thanks to sanctions on Russian oil and natural gas. Meanwhile, Japan is struggling with a shrinking population and low immigration rates.

It comes after yields hit a 22-year high in 2023 as the Federal Reserve tried to tamp down red-hot inflation.  In their 2023 forecasts, economists at Barclays Capital Inc. said.  that this would go down in history as one of the worst ever for the global economy, while Fidelity Investments called a US recession 'likely'.

It comes after yields hit a 22-year high in 2023 as the Federal Reserve tried to tamp down red-hot inflation. In their 2023 forecasts, economists at Barclays Capital Inc. said. that this would go down in history as one of the worst ever for the global economy, while Fidelity Investments called a US recession 'likely'.

But rampant consumer spending and a strong labor market have continually surprised officials.  Yesterday, Fed Chairman Jerome Powell alluded to this when he confirmed that officials had voted to keep interest rates stable at their current level between 5.25 and 5.5 percent.

But rampant consumer spending and a strong labor market have continually surprised officials. Yesterday, Fed Chairman Jerome Powell alluded to this when he confirmed that officials had voted to keep interest rates stable at their current level between 5.25 and 5.5 percent.

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Want more stories like this from the Daily Mail? Visit our profile page and click the follow button above for more news you need.

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America WINS the world economic race! The US economy grew faster than any other G7 country last year (but lags behind China and India) https://usmail24.com/america-wins-world-economic-race-htmlns_mchannelrssns_campaign1490ito1490/ https://usmail24.com/america-wins-world-economic-race-htmlns_mchannelrssns_campaign1490ito1490/#respond Thu, 01 Feb 2024 18:57:53 +0000 https://usmail24.com/america-wins-world-economic-race-htmlns_mchannelrssns_campaign1490ito1490/

According to the World Economic Outlook, US GDP grew by an estimated 2.5% Before all advanced economies, but under 'emerging' China and India Fueled by a strong labor market and post-pandemic productivity growth By Helena Kelly Assistant consumer editor for Dailymail.Com Updated: 1:09 PM EST, February 1, 2024 The US economy is growing faster than […]

The post America WINS the world economic race! The US economy grew faster than any other G7 country last year (but lags behind China and India) appeared first on USMAIL24.COM.

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  • According to the World Economic Outlook, US GDP grew by an estimated 2.5%
  • Before all advanced economies, but under 'emerging' China and India
  • Fueled by a strong labor market and post-pandemic productivity growth

The US economy is growing faster than any other G7 country, thanks in part to post-pandemic productivity growth, experts say.

The IMF World Economic Outlook report estimates that the U.S. economy will have grown 2.5 percent in 2023 – and expects similar growth of 2.1 percent in 2024.

Japan saw the second-largest growth after its economy expanded 1.9 percent, while Canada came in third after a 1.1 percent increase in GDP.

But despite beating the world's 'advanced economies', US growth was outpaced by the so-called 'emerging markets' China and India – which are not part of the G7.

They saw their GDP increase by 5.2 percent and 6.7 percent respectively.

US economy is growing faster than any other G7 country, thanks in part to post-pandemic productivity growth, experts say

The Federal Reserve is expected to keep interest rates steady for a fourth straight meeting today after borrowing costs rose to a 22-year high.  Pictured: Fed Chairman Jerome Powell at the December meeting

The Federal Reserve is expected to keep interest rates steady for a fourth straight meeting today after borrowing costs rose to a 22-year high. Pictured: Fed Chairman Jerome Powell at the December meeting

The IMF said the risk of a global recession has now sharply declined as it predicts the global economy will grow by 3.1 percent in 2024.

The findings reveal the surprising resilience of the US in the face of red-hot inflation and rising interest rates. Several Wall Street economists had predicted that these pressures would push America into a recession by 2023.

The IMF report noted that households had benefited from a rise in disposable income thanks to a strong labor market. Many were also buoyed by their accumulated savings as a result of the lockdown.

Additionally, researchers say the pandemic has sparked a shift in Americans shifting to higher-productivity jobs.

Adam Posen, president of the Peterson Institute for International Economics, said Axios: 'The massive labor market turnover due to COVID in 2020-2021 had the unintended benefit of moving millions of lower-income workers into better jobs, more income security, and/or running their own businesses.

'We are now reaping the benefits in labor force participation, wage growth and improved productivity.'

Figures released today show that US worker productivity grew faster than expected in the fourth quarter of last year.

According to the Labor Department's Bureau of Labor Statistics, nonfarm productivity — which measures output per hour per worker — increased 3.2 percent compared to the same period last year.

By comparison, many other G7 countries faced greater economic pressure than the US.

Officials will announce their decision at 2 p.m., but economists predict there is little chance of a cut - meaning interest rates will remain at current levels between 5.25 and 5.5 percent.

Officials will announce their decision at 2 p.m., but economists predict there is little chance of a cut – meaning interest rates will remain at current levels between 5.25 and 5.5 percent.

Inflation rose to 3.4 percent in December – above economists' forecasts – raising fears that the Federal Reserve could avert rate hikes this year

Inflation rose to 3.4 percent in December – above economists' forecasts – raising fears that the Federal Reserve could avert rate hikes this year

For example, major European economies have seen their energy costs rise over the past two years thanks to sanctions on Russian oil and natural gas.

Meanwhile, Japan is struggling with a shrinking population and low immigration rates.

It comes after interest rates hit a 22-year high in 2023 as the Federal Reserve tried to tame red-hot inflation.

In their 2023 forecasts, economists at Barclays Capital Inc. said. that this would go down in history as one of the worst ever for the global economy, while Fidelity Investments called a US recession 'likely'.

But rampant consumer spending and a strong labor market have continually surprised officials.

Yesterday, Fed Chairman Jerome Powell alluded to this when he confirmed that officials had voted to keep interest rates stable at their current level between 5.25 and 5.5 percent.

Powell told reporters that economic data over the past six months was “promising.”

However, he warned: “Inflation is still too high and the path to reducing it is not certain.”

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