U.S. economy roars, while inflation soars

Published

3 years ago

October 28, 2022

ticker NEWS

The U.S. economy is beginning to rebound, but inflation is still crippling the American people

The U.S. economy is roaring back to life, after six months of steady declines.

While GDP is also rising, inflation continues to plague American households.

Increased exports are driving the rise. But weak global demand is limiting growth in some areas.

For months, doomsayers have been arguing that the US economy is in a recession and Congressional Republicans have been rooting for a downturn.

But with today’s Third Quarter GDP Report, we got further evidence that our economic recovery is continuing to power forward.
— President Biden (@POTUS) October 27, 2022

It comes as President Joe Biden says he will crack down on so-called ‘junk fees’ as a way of bringing down soaring inflation.

As part of this, the Financial Protection Bureau is seeking to eliminate billions in banking fees.

FILE PHOTO: U.S. economy President-elect Joe Biden’s mind as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, U.S., January 8, 2021. REUTERS/Kevin Lamarque/File Photo

They’re also removing hidden charges and extra fees on a range of services like airline and hotel bookings.

Because of my economic plan, Micron is investing $100 billion over the next 20 years to build American semiconductor factories.

It’s the largest investment of its kind. Ever.
— President Biden (@POTUS) October 27, 2022

Despite this, the White House says there is still plenty of work to do on the U.S. economy.

Related Topics:america biden Politics trending

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Australia shuts millions of teen social media accounts

Australia’s social media ban leads to 4.7 million teen account closures, prompting debate over online safety and freedom.

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17 hours ago

January 16, 2026

Harvey Vargas

Australia’s social media ban leads to 4.7 million teen account closures, prompting debate over online safety and freedom.

Nearly five million social media accounts belonging to Australian teenagers have been closed since the nation’s social media ban began in December. Platforms such as Instagram and TikTok were responsible for removing around 4.7 million accounts held by minors, according to the eSafety Commissioner.

Prime Minister Anthony Albanese described the figures as encouraging, highlighting the government’s commitment to protecting children online. The new law holds social media companies accountable, with fines imposed on platforms that fail to prevent underage accounts from being created or maintained.

Despite these measures, some teenagers have reportedly bypassed the restrictions by falsifying their ages or using parental information. The debate continues over the effectiveness of these regulations and the balance between safety and online freedom.

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Iran protests and the global fight for freedom

Protests in Iran escalate as citizens demand women’s rights; Rabbi Cooper discusses global solidarity and advocacy efforts.

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2 days ago

January 15, 2026

Harvey Vargas

Protests in Iran escalate as citizens demand women’s rights; Rabbi Cooper discusses global solidarity and advocacy efforts.

Amid escalating protests in Iran, citizens are risking everything to demand women’s rights and basic freedoms. The world watches as these demonstrations grow, with many hoping for meaningful change in the face of a brutal regime.

We speak with Rabbi Abraham Cooper from the Simon Wiesenthal Center about the advocacy work supporting Iranian voices and the historical context of defending human rights. He explains the vital role of international solidarity and how governments and communities can respond.

From the human cost on the ground to the influence of the Iranian diaspora in Los Angeles, this interview sheds light on the stakes, the movement, and why public attention is critical.

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#IranProtests #HumanRights #WomensRights #FreedomMovement #IranNews #SimonWiesenthal #TickerNews #GlobalSolidarity

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Greenland and Denmark signal security divide with the United States

Greenland, Denmark assert Arctic island not for sale, emphasizing cooperation with the US on their own terms.

Published

2 days ago

January 15, 2026

Harvey Vargas

Greenland, Denmark assert Arctic island not for sale, emphasizing cooperation with the US on their own terms.

Greenland and Denmark have used high-level talks in Washington, D.C. to firmly restate that the Arctic island is not for sale, pushing back against long-standing US interest in the strategically vital territory.

Foreign ministers from both Greenland and Denmark acknowledged that major disagreements remain following discussions with US officials, despite what they described as constructive engagement on shared priorities.

Greenland’s government made clear it is open to closer cooperation with Washington, but only on its own terms, rejecting any suggestion of ownership or control.

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