More from Brent Jabbour
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From golf to MLB, how these 5 pro sports act as monopolies
When we think about monopolies, Big Tech comes to mind. Or maybe that board game that has started many family conflicts. But it’s competitive sports leagues that seem to be guilty of the most anti-competitive business practices. The recent suspension of a group of PGA golfers is just the tip of the iceberg. Here are… -
January 6th Committee highlights pressure campaign against Pence
The January 6th Committee investigating attack on the Capitol held its third hearing Thursday, focused on former President Donald Trump’s pressure campaign to get former Vice President Mike Pence to reject the outcome of the election during the electoral certification. The hearing included testimony about attorney John Eastman’s plan to keep Donald Trump in office… -
Quantitative tightening is ‘uncertain’ Fed method to cool inflation
For just the second time in modern history, the Federal Reserve started quantitative tightening in June to draw down its unprecedented $9 trillion balance sheet. The central bank’s assets on hand have more than doubled since the start of the pandemic. “I would just stress how uncertain the effect is of shrinking the balance sheet,”… -
Bipartisan Ocean Shipping Reform Act to smooth supply chain, fight inflation
A bill aimed at controlling the cost of international shipping for American businesses and improving the supply chain is headed to President Joe Biden’s desk. Sponsors of the Ocean Shipping Reform Act hope it will help tackle rampant inflation, as prices rose 8.6% in May compared to the previous year. The House of Representatives passed… -
‘More pain in our future’ as gas prices top $5 per gallon: GasBuddy economist
For the first time ever, the national average price of gas surpassed $5 per gallon, according to gas price trackers GasBuddy and American Automobile Association. As of Monday, the price hovered around $5.01, AAA reported. After the price of a gallon of gas surged nearly $2 in the past year, though, experts warn we haven’t… -
Biden will support bipartisan gun reform agreement
A bipartisan group of senators reached an agreement in principle on gun-safety legislation. Ten Republican senators announced they will support the package, which will allow it to overcome the hurdle of a 60-vote filibuster. The bill: creates stricter penalties for gun trafficking and straw purchases which are purchases for someone who can’t buy the gun themself;… -
Trump calls out daughter Ivanka after Jan. 6 hearing appearance
Former President Donald Trump is calling out his own daughter on his Truth Social platform. The January 6th Committee showed video from Ivanka Trump’s deposition during its primetime hearing Thursday. The video revealed she believed then-Attorney General Bill Barr’s statements that there was no widespread fraud in the 2020 election. “It affected my perspective. I… -
Inflation still climbing: Prices rise 8.6% in May, the fastest rate in 40 years
Consumer prices in May proved inflation still has a stranglehold on the country, rising 8.6% from one year ago — the fastest pace in 40 years. May’s data exceeds expectations with analysts believing prices had peaked in March at 8.5% before falling to 8.3% in April, but rising energy and food prices continue to burden… -
Popcorn, pilot and lifeguard shortages weigh on summer fun
It’s summertime, which means it’s time to put on those shades, get outside and crank up the boombox (that’s an old-school device for playing music) for fun in the sun. But beware, supply chain issues and a lack of workers could rain on that parade. Here are some of the biggest shortages this summer in… -
Trump family depositions expected in Jan. 6 Capitol riot hearing
The House committee investigating the Jan. 6, 2021, riot at the U.S. Capitol will hold a public hearing live on television and online Thursday night. The committee said it will provide an initial summary of its findings about what it described as a “coordinated, multi-step effort to overturn the results of the 2020 presidential election… -
Fourth grade Uvalde shooting survivor appears before Congress
A fourth grade student who covered herself in blood to survive the Uvalde, Texas, school shooting appeared before the House Oversight Committee Wednesday during a hearing on gun violence. Eleven-year-old Miah Cerillo described the moment she watched the gunman murder her teacher. She said he told the teacher goodnight and shot her in the head. … -
SCOTUS expected to rule on college admissions, immigration and religion
June is always a busy time for the Supreme Court, issuing the majority of its rulings throughout the month. The high court issued three decisions on Monday, yet 30 opinions remain this session. Below are five of the 10 most important decisions we’re following that are expected in the coming weeks. For five more cases… -
SCOTUS decisions on abortion, gun rights, immigration approaching
June is always a busy time for the Supreme Court, as it issues the majority of its rulings throughout the month. The high court issued three decisions Monday, yet 30 opinions remain this session. Below are five of the 10 most important decisions we’re following that are expected in the coming weeks. We’ll provide coverage…