Senior Economist ‘Fact Checked’ By BigTech For Saying U.S. Is In Recession

Senior Economist ‘Fact Checked’ By BigTech For Saying U.S. Is In Recession


Senior Economist ‘Fact Checked’ By Facebook For Saying U.S. Is In Recession

“We live in an Orwellian hell-scape.”

Steve Watson

An experienced economist has been ‘fact checked’ and corrected by Facebook after he stated that the U.S. is now in a recession.

Phil Magness, a researcher and educator with the American Institute for Economic Research, reacted to the incident by commenting “We live in an Orwellian hell-scape.”

Facebook uses ‘independent’ fact checkers at Politifact, a brazenly partisan operation, which ‘corrected’ Magness’ post about the Biden administration attempting to change the definition of a recession.

Magness provided examples of previous statements by Biden himself about being in a recession that were never fact checked:

The economist also noted that practically every other country defines a recession as two consecutive quarters of negative growth:

Biden and his underlings have engaged in gaslighting on the definition of recession throughout the past week, and it has continued into this week:

Meanwhile, on Brian Stelter’s clown show Sunday, New York Times columnist and ‘economist’ Paul Krugman replied “No, we aren’t and no, it doesn’t,” when asked “Are we in a recession and does the term matter?”

Krugman said “None of the usual criteria that real experts use says that we’re in a recession right now,” which is blatantly not true.

“What does matter?” Krugman further stated, adding “The state of the economy is what it is. Jobs are abundant.”

As for Krugman’s repetition of the Biden talking point about jobs…

*********

(TLB) published this article from Summit News as compiled and written by Steve Watson


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Header featured image (edited) credit:  Fact check/map/Composite / Peter Zelei Images / Getty Images

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Senior Economist ‘Fact Checked’ By BigTech For Saying U.S. Is In Recession



Senior Economist ‘Fact Checked’ By Facebook For Saying U.S. Is In Recession

“We live in an Orwellian hell-scape.”

Steve Watson

An experienced economist has been ‘fact checked’ and corrected by Facebook after he stated that the U.S. is now in a recession.

Phil Magness, a researcher and educator with the American Institute for Economic Research, reacted to the incident by commenting “We live in an Orwellian hell-scape.”

Facebook uses ‘independent’ fact checkers at Politifact, a brazenly partisan operation, which ‘corrected’ Magness’ post about the Biden administration attempting to change the definition of a recession.

Magness provided examples of previous statements by Biden himself about being in a recession that were never fact checked:

The economist also noted that practically every other country defines a recession as two consecutive quarters of negative growth:

Biden and his underlings have engaged in gaslighting on the definition of recession throughout the past week, and it has continued into this week:

Meanwhile, on Brian Stelter’s clown show Sunday, New York Times columnist and ‘economist’ Paul Krugman replied “No, we aren’t and no, it doesn’t,” when asked “Are we in a recession and does the term matter?”

Krugman said “None of the usual criteria that real experts use says that we’re in a recession right now,” which is blatantly not true.

“What does matter?” Krugman further stated, adding “The state of the economy is what it is. Jobs are abundant.”

As for Krugman’s repetition of the Biden talking point about jobs…

*********

(TLB) published this article from Summit News as compiled and written by Steve Watson


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Header featured image (edited) credit:  Fact check/map/Composite / Peter Zelei Images / Getty Images

Emphasis added by (TLB) editors

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Stay tuned to …

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The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)

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Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.

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Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.

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Video|South Korea, U.S. Launch 8 Missiles in Response to North Korea’s Provocation

Produced by: MOS Video Department

On June 6th, local time, according to South Korean media, the South Korea’s Joint Chiefs of Staff announced that the eight ballistic missiles were fired into the East Sea at 4:45 a.m. on June 6th. It was a show of force in response to the threat of a short-range ballistic missile launched by North Korea on June 5th.

Following North Korea’s provocative launch of three intercontinental ballistic missiles and short-range ballistic missiles during US President Joe Biden’s visit to Japan on May 25th, eight short-range ballistic missiles were launched again from the Sunan area of Pyongyang on June 5th.

According to the media report, the South Korean military launched seven missiles and the US military launched one. In response to North Korea’s frequent ballistic missile launches that threaten the security of the Korean Peninsula, South Korea’s Joint Chiefs of Staff said that South Korea is capable of countering forceful provocations from North Korea and has the ability to immediately strike the source of provocation with precision, and has the ability to command and support forces.

South Korean President Yoon Suk-yeol also said on the 6th that South Korea is prepared for all provocations against North Korea and has a fundamental and substantial security defense capability.

Posted by: 谐趣园

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Urgent Security Council Meeting Sanctions North Korea, the U.S. in Confrontation with China and Russia

Urgent Security Council Meeting Sanctions North Korea, the U.S. in Confrontation with China and Russia

Translator: Himalaya Washington DC-boylatin1L

The U.N. Security Council held an emergency meeting after North Korea launched a series of ballistic missiles. The United States emphasized that it would strengthen sanctions against North Korea through a new resolution. Yet China and Russia are considering the relaxation of sanctions, and the United States is in confrontation with China and Russia.

On May 11, the United Nations Security Council held an emergency meeting at the request of the United States in response to North Korea’s repeated ballistic missile launches. As a result, the U.S. drafted a new resolution to strengthen sanctions against North Korea. U.S. Ambassador to the U.N. Thomas Greenfield said, the Security Council can no longer remain silent, and the sanctions resolution needs to be communicated to all members of the Council as soon as possible. Greenfield said we could not sit back and wait for provocative and dangerous acts such as North Korea’s nuclear test, calling for the resolution to be adopted as soon as possible. In addition, Greenfield accused China and Russia of “blocking all sanctions resolutions against North Korea for the past four years, equivalent to giving North Korea a free pass to its illegal behavior. In response, Chinese Communist Party Ambassador to the United Nations Zhang Jun said, “The United States fetishizes the magical power of sanctions, and U.S. resolutions are not the appropriate way to deal with the current situation on the Korean Peninsula.” Communist China, along with Russia, has advocated easing sanctions against North Korea, and the United States has confronted China and Russia. 

Japanese Ambassador to the United Nations Ishikane strongly criticized North Korea’s repeated ballistic missile launches and said, “North Korea is taking advantage of the U.N. Security Council’s less-than-tough response to accelerating its nuclear weapons development.” Ishikane stressed that it is now even more critical for the Security Council to respond quickly and consistently.

Regarding the new resolution submitted by the United States, Japan’s Chief Cabinet Secretary Matsuno said at a morning press conference, “We strongly condemn North Korea’s launch of ballistic missiles and firmly support the new Security Council resolution proposed by the United States. Furthermore, the series of nuclear missiles launched by North Korea, the activity seriously threatens the peace and security of the international community and repeatedly violates the resolutions of the U.N. Security Council. Therefore, we cannot discuss easing sanctions.”

Matsuno said, “I hope the UNSC will work together to fulfill its responsibilities. We will continue to closely monitor the movement of the UNSC in response to the North Korean issue and work with the U.S. and other international communities to urge North Korea to comply with all of its obligations under UNSC resolutions.

Reference link: https://gnews.org/zh-hans/2518558/

Proofread by:  MachineCat

Edited and Posted by:  MachineCat

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U.S. Says War Aid to Ukraine Does Not Distract U.S. from Fighting Communist China.

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Translated by:  Himalaya Washington DC – Boylatin1L

With the world’s attention focused on aid to Ukraine, it has not distracted the U.S. from addressing the Chinese Communist challenge and devoting resources to it, said General Flynn, commander of the U.S. Army in the Pacific, April 13th.

Image Source: Breakingdefense

In a report, General Flynn has recently visited five countries that are allies in the Indo-Pacific region, including Australia, the Philippines, Singapore, Thailand, and Malaysia.  He primarily told partners that the U.S. military remains steadfast in its effectiveness in the region.  Recently the U.S. has been focusing on Europe and sending military weapons to Ukraine.  There is a genuine concern among Indo-Pacific allies due to the Communist Party’s military expansion in the region.  According to General Flynn, defense officials in the area continue to emphasize the importance of the U.S. presence here, including the various roles of U.S. Army Pacific Forces, from disaster relief to security assistance and military training for allied forces.

The U.S. Pacific Command will conduct more than a dozen exercises across the Pacific through October, including in Guam, Malaysia, Japan, and South Korea.  In addition, five activities have been completed, including a Joint Pacific Multinational Readiness Center rotation exercise in Alaska.

Reference: 
https://gnews.org/zh-hans/2345303/

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

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US to Imposes Additional Financial Sanctions on Russia

US to Imposes Additional Financial Sanctions on Russia

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Translated by: Himalaya Washington DC-Latin

It is reported on April 6, punish the Russian economy in the long run, the U.S. Government announced that a new round of financial sanctions will be levied on Russia’s two largest banks, Putin’s family members, and their two adult daughters.

Image Source: DW

The new measures would ban U.S. individuals and institutions from doing business with Russia’s two largest banks, cut off all of Putin’s relatives from the U.S. financial system and freeze any asset they hold in the U.S. In addition, targets of the sanction also include many senior government officials and their relatives, including the Russian Prime Minister and Foreign Minister. The U.S. Treasury Department is also planning to impose more sanctions on Russian state-owned companies and bar Americans from making new investments in Russia.

The Russian army atrocities in Ukraine have led to the E.U. countries announcing a series of bans on freezing Russian assets and energy imports from Russia. At present, the joint sanctions have hit the Russian economy hard, and the country’s inflation rate is rising at a weekly rate of 2%, and its annual inflation rate is bound to exceed the collapse limit of 200%.

Reference:
https://gnews.org/zh-hans/2311772/

Edited by:  MikeHua
Posted by:  Peter Chen
Proofread by: Linda Progress [Chief Editor]

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Without New Uranium Mines, U.S. Runs Risk Of European-Style Reliance On Russian Energy

Without New Uranium Mines, U.S. Runs Risk Of European-Style Reliance On Russian Energy

Europe’s fragile energy markets vulnerable to Russian interruption may soon be uncomfortably similar to the American power grid if policymakers aren’t careful about pushing a low-carbon future.

With a third of European oil and more than 40 percent of its gas provided by Russia, President Vladimir Putin has threatened to shut off the lights across Europe in an effort to counter western sanctions imposed in retaliation for the Kremlin invasion of Ukraine, demanding payment in Rubles instead of Euros.

“If such payments are not made, we will consider this a default on the part of buyers — with all the ensuing consequences,” Putin warned. “Nobody sells us anything for free, and we are not going to do charity, either. That is, existing contracts will be stopped.”

The deadline came and went, with Russian gas still flowing after European leaders called Putin’s bluff. The cold reality of European reliance on Russian energy supplies, however, has continued to handicap the diplomatic options available to western leaders while global markets face turbulence from sanctions on Moscow’s oil. Putin also trimmed exports to keep European reserves “below the minimum volume” for the first time in the half a decade preceding his invasion.

A ban on Russian oil, a financial gold mine for the Kremlin’s war machine providing more than 10 percent of global supply, was initially absent in the first sanctions package handed down by the United States and its allies following the assault on Ukraine. President Joe Biden unilaterally banned Russian oil imports for two weeks after the full-fledged offensive with European leaders slow to follow. It wasn’t until this week the EU proposed a ban on Russian coal while considering new restrictions on oil and gas. In the meantime, Europe is scrambling to replace its dependence on Russian energy supplies, with Germany even warning citizens to prepare for rations as it enters the official first stage of crisis management.

The United States was able to bar Russian oil imports with relative ease since only 3 percent of imported crude came from Moscow’s reserves. That’s still no small amount, and Americans are now coping with the highest gas prices on record as the Biden administration refuses to unleash domestic production to offset the interruption. If America truly embraces the long-term path of a sustainably fossil-free future, however, it has to go nuclear. Doing so without a re-assessment of the nation’s uranium suppliers could make the United States just as dependent on Russian fuel as Europe is today.

Nuclear power from 93 reactors currently generates 20 percent of the U.S. electric grid and is the source of 55 percent of carbon-free energy, according to the Nuclear Energy Institute (NEI). While the 2022 annual outlook from the Energy Information Administration (EIA) keeps the share of nuclear-generated electricity on the power grid consistent over the next 30 years, Daniel Turner, the founder and executive director of the non-profit Power the Future, faults the government’s forecast for being too optimistic about the ability of renewables to experience exponential growth as predicted.

The numbers, Turner told The Federalist, rely too much on capacity, explaining it’s “a false statistic because if the wind does not blow and the sun does not shine, it doesn’t matter how much capacity” exists. Europe’s recent low-wind winter while Russia weaponized its resource relationship gave the continent a rude awakening.

“Assuming full capacity is met, those numbers are great,” Turner said. Yet full capacity would also mean devastating impacts to wildlife given the sheer amount of land required to substitute conventional energy with wind and solar. Just this week, a wind power company was fined millions after executives pled guilty to killing at least 150 protected eagles by turbines.

Nuclear power, therefore, has become an attractive emissions-free alternative to wind and solar, drawing bipartisan support to meet the nation’s 21st-century energy needs without producing more carbon. Despite the endorsement of Energy Secretary Jennifer Granholm, the United States is a long way off from ramping up nuclear power without significant vulnerabilities in the supply chain.

According to the Energy Information Administration (EIA), U.S. uranium production fell to an all-time low in 2019 while sourcing 46 percent of the mineral from Russia and Russian allies in 2020. Uranium was also dropped as a critical mineral by the U.S. Geological Survey (USGS) last year, a decision western senators have taken issue with as the Senate Committee on Energy and Natural Resources holds a series of hearings to examine the need for domestically-sourced resources.

“I’m worried about our domestic reliance on imported uranium, specifically and especially Russian-imported uranium,” Utah Republican Sen. Mike Lee said as he began his questioning to an expert panel at a March hearing. “I think this poses a significant strategic risk to the United States. I’m also worried that the recent decision by the Biden administration to remove uranium from its critical minerals list is something that could have very real, harmful, lasting consequences.”

Scott Melby, the president of the Uranium Producers of America, said there was ample reason for concern.

“We’ve become a little lackadaisical about the supply of uranium,” Melby said, explaining the situation was borne out of commercial interest despite the U.S. being home to “over a billion of known and likely resources” which could be mined with “the highest environmental standards” of anywhere in the world.

As the Biden administration maintains an aggressive push for renewable energy, the White House has remained reluctant to draw minerals required for this from American lands, instead relying on trade with overseas adversaries and scaring off investment from U.S. projects. While Russia sources American uranium, China holds the monopoly on “rare earth” minerals required for electric cars.

“We’ve got to pay attention to our uranium industry,” Melby told lawmakers. “Countries like Russia, China are playing the long game. They’re acquiring resources all over the world.”

For the time being, Turner told The Federalist, “buying our uranium from Russia is no different from having 3 percent of our oil from Russia.”


Tristan Justice is the western correspondent for The Federalist. He has also written for The Washington Examiner and The Daily Signal. His work has also been featured in Real Clear Politics and Fox News. Tristan graduated from George Washington University where he majored in political science and minored in journalism. Follow him on Twitter at @JusticeTristan or contact him at Tristan@thefederalist.com.

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Pressure building on Biden to cut off Russian oil, expand U.S. Production

Pressure building on Biden to cut off Russian oil, expand U.S. Production

Bipartisan pressure building on Biden to cut off Russian oil imports, expand U.S. Production

On Friday, a bipartisan group of 18 senators introduced a bill to cease oil imports from Russia and boost domestic production to offset the lost supply.

By Nicholas Ballasy

West Virginia Democratic Sen. Joe Manchin and Alaska Republican Sen. Lisa Murkowski are calling on the Biden administration to support legislation that would cut off oil imports from Russia and expand domestic oil production in the U.S.

The American Petroleum Institute wants to increase oil production in the U.S. as well, but a Biden administration committed to phasing out fossil fuels has resisted. 

“API shares the goal of reducing reliance on foreign energy sources and is committed to working with the administration and Congress as they respond to Russia’s unprovoked aggression and defend Ukraine’s sovereignty,” said API SVP of Policy, Economics and Regulatory Affairs Frank Macchiarola.

“Our industry has taken significant and meaningful steps to unwind relationships, both with respect to assets in Russia, as well as imports of Russian crude oil and refined products,” he added. “We urge policymakers to advance American energy leadership and expand domestic production to counter Russia’s influence in global energy markets and ensure energy security here in the U.S. and for our allies around the world.”

White House Press Secretary Jen Psaki has said that the White House doesn’t have a “strategic interest in reducing the global supply of energy, and that would raise prices at the gas pump for the American people.”

Addressing Psaki’s comments, Manchin said the White House is “so wrong” on the issue of domestic oil production and Russian oil imports.

Pressure grows on Biden to ban U.S. imports of Russian oil | Reuters(Reuters)

Maine Republican Sen. Susan Collins is one of a bipartisan group of 18 senators joining Manchin and Murkowski in introducing a bill to cease oil imports from Russia and boost domestic production to offset the lost supply. “The crisis in Ukraine has also underscored the need for the U.S. and Europe to increase our energy independence in order to strengthen our national security and deter ruthless autocrats who are on the march around the globe,” she said.

“Strengthening our energy independence from enemies like Russia has to be a top priority as we unite to confront Putin’s unprovoked war on Ukraine,” said Montana Democratic Sen. Jon Tester.

“Banning Russian oil and gas imports will hit Putin where it hurts,” he continued, “our best response to rising gas prices should be increasing our domestic energy production from all sources and increasing trade with our allies, not buying from dictators who are actively invading sovereign nations. This critical step isolates and weakens Putin and the oligarchs who prop him up.”

Arizona Democratic Sen. Mark Kelly vowed to “continue working to increase domestic energy production and take additional steps so that American families don’t bear the cost of this conflict and have reliable, affordable energy options.”

Texas Rep. Mike McCaul, the top Republican on the House Foreign Affairs Committee, said the U.S. is “funding Putin’s war machine” by continuing Russian oil imports.

***********

(TLB) published this article with permission of John Solomon at Just the News.  Click Here to read about the staff at Just the News

Some emphasis and pictorial content added by (TLB)

Header featured image (edited) credit: Presser/Senators/(Reuters)

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