China Becomes Top Russian Energy Importer

(Photo by Go Nakamura/Getty Images)

Since Russia launched its invasion of Ukraine in late February, China has overtaken Germany as the top buyer of Russian energy exports, according to a new report from the Center for Research on Energy and Clean Air. “Fossil fuel exports are a key enabler of Russia’s military buildup and brutal aggression against Ukraine,” the report states. “Russia earned EUR 93 billion in revenue from fossil fuel exports in the first 100 days of the war (February 24 to June 3). The EU imported 61% of this, worth approximately 57 billion EUR.” “The largest importers were China (EUR12.6bln), Germany (EUR12.1bln), Italy

Real Wages Of Americans Have Declined Almost 4% Since Last Year

Due to the worsening inflation crisis, the real wages of American workers continued to fall during the month of May, according to a new report from the Bureau of Labor Statistics. During May 2022, inflation hit the highest level since December 1981 as prices rose 1% from the previous month and 8.6% from the year before, according to a separate report from the Bureau of Labor Statistics. The 8.6% increase in prices over the last year resulted in a dramatic decrease in the real wages of Americans. The Bureau of Labor Statistics wrote, “Real average hourly earnings decreased 3.0 percent,

Biden Treasury Secretary: ‘Nothing To Suggest’ U.S. Will Enter Recession

Despite the U.S. GDP shrinking by 1.4% in the first quarter of 2022, Biden administration Treasury Secretary Janet Yellen says that there is “nothing to suggest” that the United States will enter a recession. “There’s nothing to suggest that there’s a recession in the works,” she said during an interview at The New York Times’ economic forum. “Is there a recession risk? Of course there’s a recession risk,” she added. “But is it likely? I don’t think so.” Yellen’s comments come shortly after she admitted that she had been “wrong” about inflation when she said in 2021 that it was

FBI Raids Home Of Man Who Allegedly Planned To Kill Kavanaugh

On Wednesday night, federal agents reportedly raided the home of Nicholas John Roske, the man who allegedly planned to kill Supreme Court Justice Brett Kavanaugh. “The FBI busted down the front door of Roske’s family home in Simi Valley Wednesday night after obtaining a federal search warrant, seizing several boxes worth of evidence,” CBS Los Angeles reported. “Roske was taken into custody and seized his backpack and suitcase, which authorities say contained a black tactical chest rig, tactical knife, a Glock 17 pistol with two magazines and ammunition, pepper spray, zip ties, a hammer, screwdriver, nail punch, crowbar, pistol light, duct tape,

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