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Federal Reserve Raises Rates Half A Percentage Point, Largest Increase Since 2000

May 4, 2022
Economy

On Wednesday, the Federal Reserve raised interest rates by half a percentage point and announced a plan to reduce its bond holdings in an attempt to fight the ongoing inflation crisis that began shortly after Democrat President Joe Biden took office. “Wednesday’s move marked the Fed’s largest interest rate increase since 2000, and by shrinking its nearly $9 trillion balance sheet at the same time, the Fed is rapidly withdrawing support from the economy. Together, the policies are likely to ricochet through markets and the economy as money becomes more expensive to borrow,” The New York Times reported. “The quick

Chief Justice Roberts Announces Investigation Into ‘Egregious’ SCOTUS Leak

May 3, 2022
Nation
John Roberts

Chief Justice John Roberts has launched an investigation into the leak of the Supreme Court’s draft of the majority opinion overturning Roe v. Wade, saying that it was an “egregious breach” of the trust of the Court. In the majority opinion draft, which was leaked to Politico, Justice Samuel Alito writes that “Roe and Casey must be overruled. The Constitution makes no reference to abortion, and no such right is implicitly protected by any constitutional provision, including the one on which the defenders of Roe and Casey now chiefly rely—the Due Process Clause of the Fourteenth Amendment.” “Roe was egregiously wrong

Supreme Court Overturns Roe V. Wade In Draft Of Majority Opinion

May 3, 2022
Nation
Supreme Court of the USA
Supreme Court of the USA

The Supreme Court has voted to strike down the controversial Roe v. Wade decision, which ruled that the Constitution protects a woman’s ability to have an abortion, according to a leaked draft of the majority opinion obtained by Politico. The draft, written by Justice Samuel Alito, “is a full-throated, unflinching repudiation of the 1973 decision which guaranteed federal constitutional protections of abortion rights and a subsequent 1992 decision – Planned Parenthood v. Casey – that largely maintained the right,” Politico reported. “Deliberations on controversial cases have in the past been fluid. Justices can and sometimes do change their votes as draft

Supreme Court Rules Boston Illegally Rejected Flying ‘Christian Flag’

May 2, 2022
Nation

On Monday, the Supreme Court ruled unanimously that the city of Boston violated a group’s First Amendment rights by denying its request to fly a Christian flag outside City Hall. “This case concerns a flagpole outside Boston City Hall. For years, Boston has allowed private groups to request use of the flagpole to raise flags of their choosing,” Supreme Court Justice Stephen Breyer wrote in the court’s opinion. “As part of this program, Boston approved hundreds of requests to raise dozens of different flags. The city did not deny a single request to raise a flag until, in 2017, Harold Shurtleff,

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