Former Chairman of Federal Reserve: The Fed’s Slow Response to Inflation was a Mistake.

Former Chairman of Federal Reserve: The Fed’s Slow Response to Inflation was a Mistake.

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Translated by: Himalaya Oxford Visionary-boylatin1L

It is reported on May 16, that Bernanke, who guided the Fed through the 2008 financial crisis and implemented unprecedented Quantitative Easing (QE), said that although the question of when to curb inflation is complicated, the real question is why did the Fed postpone it. Why is there a delay in response? It doesn’t seem right. Bernanke believes that the Fed agrees that this is a mistake.

Image Source: market watch

Bernanke said that gradualism is one of several reasons the Fed did not respond more quickly to inflationary pressures in mid-2021. And that the current high inflation, with prices rising at such a high rate, is entirely different from the hyperinflation of the late 1970s and early 1980s.

Several Fed officials have defended their policy response, saying that when inflation is more persistent, they have begun using “forward guidance” to tell the market that tighter policies are coming.

When inflation starts to rise above the Fed’s 2% target in the spring of 2021, policymakers say specific factors triggered by the pandemic will wane and expect high inflation to be “temporary”.

Image Source: aier

The report said the Fed is actively tightening policy but faced criticism from all sides for dragging its feet for too long before pulling policy. Meanwhile, the U.S. economy is facing high inflation running at 8.3%.

Reference:
https://gnews.org/zh-hans/2543746/

Edited by:  MikeHua
Posted by: Peter Chen

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The U.S. House passes $40 billion bill to bolster assistance to Ukraine

The U.S. House passes $40 billion bill to bolster assistance to Ukraine

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Translated by: MOS Gospel Team – Lilian H

According to Reuters on May 10th, the U.S. House of Representatives passed a US$40 billion bill to extend further assistance to Ukraine by 368 to 57. Besides funds for security assistance and replenishing stocks of U.S. equipment sent to Ukraine, the legislation authorized a further $11 billion in Presidential Drawdown Authority, which allows the President to authorize the transfer of articles and services from U.S. stocks without congressional approval in response to an emergency.

Image Source: House.gov

In addition, the bill authorized $4 billion in Foreign Military Financing to provide support for Ukraine as well as other countries affected by the crisis and $14 billion in humanitarian assistance, including $5 billion to address global food insecurity and $9 billion for an economic support fund for Ukraine.

Image Source: reuters

Reference:
https://gnews.org/zh-hans/2523418/

Edited by: Ronald Yan
Chief Editors: Ashley W., Stay
Posted by: Peter Chen

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Severe hepatitis in children emerges in Toronto, Canada


Author: Canada Vancouver Sailing Farm – Maple news Talk
(Picture source toronto.ctvnews.ca)

According to a report by CTV News on May 10, the Toronto Children’s Hospital reported on the same day that during the half-year period from October last year to April this year, multiple cases of severe acute hepatitis of unknown pathological cause have been found in children.

The Ontario Public Health Agency defined these seven abnormal cases, distinct from known hepatitis viruses A to E, as transaminitis, or liver inflammation  in children under 16 years of age with jaundice and gastrointestinal dysfunction, and including lethargy  , fever, loss of appetite and nausea and other symptoms.    

Because children with this disease often show some typical symptoms of COVID-19 infection, but at the same time the virus that usually causes hepatitis is not found in their blood, it is difficult to separate these severe hepatitis of unknown pathology from other cases, which is also the biggest challenge posed by this new case.

Nearly 400 cases of unexplained childhood hepatitis have been diagnosed worldwide, with one death and 17 requiring liver transplants.  Some data show that the COVID-19 infection may be the main cause of the above abnormal diseases.

News source:https://toronto.ctvnews.ca/toronto-s-sickkids-hospital-aware-of-seven-probable-cases-of-severe-hepatitis-in-children-1.5896458

Editing/Posting – 杰瑞、百合、文明(添草灭共)
Author/Translator/Dictation – 文珮
Checking – 杰瑞、百合


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More Communist Party Officials are Defecting

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Translated by: Himalaya Washington DC – boylatin1L

On May 10th, an Australian spy organization said more and more party officials are plotting their escape under the high-handedness of the Communist Party’s Xi Jinping by offering themselves as informants.

Before this, U.S. and allied intelligence agencies have said that the Chinese Communist Party (CCP) is one of the most challenging regimes to infiltrate, but the CCP’s infiltration of the West is easy.  After the Russian-Ukrainian war, the division began.  Last month, the Solomon Islands allowed the CCP to station troops, police, weapons, and other military arrangements, making the United States and Australia unhappy and causing anxiety in the trans-Pacific region.

The U.S. Biden administration launched a China mission to prioritize infiltration of the CCP, exposing about 20 intelligence officers who had been hiding for nearly a decade.  Most of these people understand the language and culture and suddenly have stable Chinese assets, and their massive infiltration within the target government is a must for spies.

Image Source: atlanticcouncil

Suddenly, it is not allowed to launch large-scale operations against these spies, as this will inadvertently alert the enemy.  Nevertheless, Australia’s spy chief has highlighted his efforts, including sending his agents and “informants” from within the CCP.  Many CCP officials have recently expressed dissatisfaction with their country’s development trajectory and offered themselves as informants.

The CCP regime itself is a life-and-death environment of a repressive dictatorship, and score-settling is ongoing.  Therefore, cooperating with foreign countries to protect one’s safety has become an advantage.

Reference:
https://gnews.org/zh-hans/2508042/
https://www.washingtonexaminer.com/policy/defense-national-security/more-and-more-chinese-officials-want-to-inform-on-regime-australian-spy-chief

Edited and Proofread by: Linda Progress
Posted by: Peter Chen

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Biden officially signed the Ukraine Democracy Defense Lend-Lease Act of 2022

Biden officially signed the Ukraine Democracy Defense Lend-Lease Act of 2022

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Translated by: MOS Translation Team – mingyue

According to foreign report on May 9th, US President Joe Biden signed the Ukraine Democracy Defense Lend-Lease Act of 2022 today, allowing accelerated arms deliveries to aid Ukraine. During World War II, the Lend-Lease Act was seen as a key measure to help defeat Nazi Germany.

In signing the bill in the Oval Office, Biden said the United States supports Ukrainians in defending their country and democracy and fighting againts Putin’s brutal war. He hinted that he was prepared to make political concessions in Congress so that he could quickly get congressional approval of another $33 billion aid to Ukraine. 

Biden is clear that the cost of succumbing to aggression is greater than the billions of dollars the United States is now aiding Ukraine.

In addition to directly assisting the Ukrainian government and army, the Lend-Lease Bill passed by the United States this time will also be helped by Poland and other Eastern European countries which affected by Russian aggression.

The Lend-Lease Bill signed by President Biden on the 9th is based on a plan to help Europe defeat Adolf Hitler during World War II, which helps streamline the process of aiding the flow of armaments. 

Reference: https://gnews.org/zh-hans/2500706/

Proofread/Edited by: James L
Posted by: James L

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Dr. Zelenko’s Sticking to the Truth Slaps Twitter on the Face

Dr. Zelenko’s Sticking to the Truth Slaps Twitter on the Face

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Translated by: Himalaya Oxford Visionary-boylatin1L

Dr. Zelenko posted on his various social media platforms that he thought Elon’s new tweets would be different, so he returned to Twitter and quickly gained 175,000 followers within a week. However, Twitter suspended his account within two minutes just for posting a question to question the CDC, arguing that he was providing reliable medical advice and that the government was the real enemy of the people.

Image Source: The New York Times

Twitter again blocked Dr. Zelenko, “disillusioning” people who were expecting Twitter to regain freedom of speech. At the same time, the slapping on Twitter’s face was so obvious, and Twitter’s losses are feared to be in billions.

Whether you can talk freely about the truth about viral vaccines is the only gold-standard for freedom of speech in a platform. Such as Gettr, where Dr. Zelenko owns 135 thousand follower, and he can express himself freely on the platform.

Joe Rogan joined gettr
Image Source: New York Post

Reference:
https://gnews.org/zh-hans/2484242/

Edited by:  MikeHua
Posted by: Peter Chen

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Trudeau government requires crowdfunding platforms undergo scrutiny

Trudeau government requires crowdfunding platforms undergo scrutiny

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Translated by: MOS Translation Team – mingyue

Gnews

 It was reported on May 4 that the Trudeau administration has begun requiring crowdfunding platforms and payment transfer companies to report their lists of customers with large payments or suspicious transactions to the financial supervision department. This makes Canada the first country in the world to enact such a regulation.

Hundreds of truck drivers and their supporters block the streets in Canada during the Freedom Convoy movement in February, 2022.  (Photo from Getty Images)

The regulation requires crowdfunding platforms to register and report suspicious transactions with government financial regulators, keep transfer records, conduct customer investigations, and develop industry compliance programs. Therefore, when Canadians conduct fundraising activities through crowdfunding platforms, the platform will report donations and funds, including cryptocurrency they consider suspicious to the police.

The freedom convoy protests in February raised millions of dollars on crowdfunding platforms, which is the direct cause for the new rules. Currently, the Liberal government’s International Financial Task Force has defined crowdfunding platforms as “emerging high-risk areas of terrorism risk.”

Reference:  https://gnews.org/zh-hans/2480825/

Proofread by:  Penelope
Edited and Posted by: Penelope

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Secretary of State Blinken Cancels Communist China Policy Speech Due to Positive Test for CCP Virus

Secretary of State Blinken Cancels Communist China Policy Speech Due to Positive Test for CCP Virus

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Translated by: MOS Translation Team – Bright

On May 4, the U.S. Department of State announced that Secretary Blinken had been infected with the CCP virus and was experiencing mild symptoms. Secretary Blinken, who has reportedly been fully vaccinated and boostered against the CCP virus, tested positive just before his speech scheduled for May 5 on U.S. policy toward Communist China, causing the address to be postponed indefinitely.

Reference:
https://gnews.org/zh-hans/2483560/

Edited/ Proofread by: cosmo
Chief Editors: Kayla J., Zee Li
Posted by: Peter Chen

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