Mon
Aug 12 2024
10:49 am
“While inflation is down, prices are still high, and I think consumers have gotten to the point where they’re just not accepting it,” Tom Barkin, president of the Federal Reserve Bank of Richmond, said last week at a conference of business economists. "And that’s what you want: The solution to high prices is high prices.”
Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike
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Discussing:
- Are our deployed military going hungry? (1 reply)
- Tennessee passes bill to restrict college students' protests (1 reply)
- Inflation up, gas up, food up, consumer sentiment lowest ever (1 reply)
- Some AI uses are "outside the bounds of safe/reliable technology" (2 replies)
- A Letter to the U.S. Congress (1 reply)
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- U.S. House Democratic Leadership says to Stop the Madness (1 reply)
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- Kerbela Shriners Site Development Proposal Meetings Announced (6 replies)
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TN Progressive
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- Candidate for U.S. Rep., against Burchett campaigns Saturday, 4/18/2026, Blount County (BlountViews)
- PRISMA/Blount Memorial Hospital laying off 85 employees (BlountViews)
- Alcoa working to bring Costco to town (BlountViews)
- WATCH THIS SPACE. (Left Wing Cracker)
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- A friend sent this: From Captain McElwee's Tall Tales of Roane County (RoaneViews)
- The Meidas Touch (RoaneViews)
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- My choices in the August election (Left Wing Cracker)
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TN Politics
- National Guard ‘follows the Constitution,’ general says of troops possibly deployed to polls (TN Lookout)
- State lawmakers restore funding for child summer food program rejected by Gov. Bill Lee (TN Lookout)
- U.S. Rep. Andy Ogles’ campaign has less $100k heading into potential competitive election (TN Lookout)
- Stockard on the Stump: Democratic rep blasts Nashville mayor for lapse on tourism board (TN Lookout)
- With GOP defections, US House passes bill extending legal status for 350,000 Haitians (TN Lookout)
- ‘Shirtless in a hot tub with Kid Rock’: Democrats in Congress question RFK Jr. priorities (TN Lookout)
Knox TN Today
- Lady Vol fans watch for Smokey, count orange emojis (Knox TN Today)
- Dishing It Out: Strawberry Cake (Knox TN Today)
- Camporee at Melton Hill + BioBlitz in Blount + New Harvest Market ++ (Knox TN Today)
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- Dining Duo makes a surprisingly easy choice (Knox TN Today)
- Hiking with Harrington on Baxter Creek Trail (Knox TN Today)
- Close to Home, Far from Ordinary: Norris Dam State Park, where the road gets quiet (Knox TN Today)
- Barks & Bourbon: Raising spirits and saving lives (Knox TN Today)
- Project Help receives $41K from Food City customers (Knox TN Today)
- 4/17 HEADLINES: News and events from the World, the USA, Tennessee, Knox & Historic Notes (Knox TN Today)
- Eco-Friendly Smokies retreat adds Solar + Energy Storage (Knox TN Today)
- RoJo the Rooster (Knox TN Today)
Local TV News
- University of Tennessee opens new forensic anthropology laboratory (WATE)
- 'Died doing what he loved' Two men remembered following New Market plane crash (WATE)
- Construction milestone reached on new Haslam College of Business building (WATE)
- Next-generation ‘salt-cooled’ nuclear plant breaks ground in Oak Ridge (WATE)
- When do splash pads in Knox County open for 2026 season (WATE)
- Rod Run, Rossini Fest & road work impacting East Tennessee traffic: What to know (WATE)
News Sentinel
State News
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- Wamp: Hamilton County planning to incorporate incubator into downtown tech education center - Chattanooga Times Free Press (Times Free Press)
- Early voting in Hamilton County primaries begins - Chattanooga Times Free Press (Times Free Press)
- FBI agents spotted at Chattanooga dermatology clinic with history of fraud accusations - Chattanooga Times Free Press (Times Free Press)
Wire Reports
- Oil prices plunge as Iran says Strait of Hormuz 'open' during ceasefire - BBC (US News)
- Trump shocked Netanyahu with post declaring Lebanon strikes "prohibited" - Axios (US News)
- Trump came to Arizona to rally young voters. An older crowd greeted him. - The Washington Post (US News)
- Trump Says Iran Will Suspend Nuclear Program as Hormuz Opens - Yahoo Finance (US News)
- Judge halts local TV giant Nexstar's takeover of rival Tegna until trial - NPR (Business)
- Tornadoes Reported Across the Midwest as Powerful Storms Slam the Region - The New York Times (US News)
- Mejia scored an NJ-11 landslide – but not everywhere - New Jersey Globe (US News)
- Trump to release reading of scripture days after angering many Christians - Politico (US News)
- How the dispute between Trump and Pope Leo escalated - CBS News (US News)
- Anthropic and Trump: Is a truce near? - Politico (Business)
- QVC Group, Whose Networks Popularized Shopping On TV, Files For Chapter 11 Bankruptcy - Deadline (Business)
- American Airlines Rejects United CEO’s Merger Proposal - WSJ (Business)
- California coffee chain reinstates policy on Pride flags after swift backlash - The Guardian (Business)
- Wall St Week Ahead Surging record-high US stocks to wade deeper into earnings season - Reuters (Business)
- Jet fuel supplies are lagging. What does that mean for airlines and travelers? - AP News (Business)
Local Media
Lost Medicaid Funding
To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding. (Source)
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