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‘We are donating a dollar of all of our admission sales back to the VA Hospital,’ Canalside event manager Brooke Atkins said. BUFFALO, N.Y. — A fundraiser was held Friday at Canalside to honor the late Charles “Chuck” Incorvaia, who is more commonly known as the Allentown “Bubble Man.” Incorvaia passed away last week and […]
The Football Association has said it has agreed “a significant increase” in prize money for the Women’s FA Cup. The financial increase, however, will take effect from next season onwards and the FA have not revealed the new amount of prize money but said it would give more details “in due course”. The change comes […]
A coffee shop owner from a town in rural east Lebanon became a local hero to some this week, after withdrawing $50,000 in cash from his bank account – a move that has become impossible two years into the country’s worst-ever financial meltdown. But to others Abdallah Assaii, 37, is not a hero but a […]
9-year-old Max Titkemeier and 7-year-old Kennah Stalker sold hot chocolate in front of Max’s west Toledo home to benefit the TPPA and LC4. TOLEDO, Ohio — It was a cold day, but Toledo turned out in a big way to help some young people raise money in honor of the city’s fallen police officers and […]
COLUMBUS, Ohio — A newly formed political group backing Gov. Mike DeWine’s re-election campaign has launched a six-figure ad campaign that will air on cable television in Ohio next week. Free Ohio PAC’s ads will air on Fox News starting Monday, running through the following week. The ad reservation costs at least $220,000, according to […]
A year ago, Kabul residents navigated blast walls and roadside bombs. Now, five months into Taliban rule, Afghans fear hunger. Some Afghans, out of desperation to feed their families, tell Insider they have donated a kidney for money or donated dangerous amounts of blood. The United Nations has warned of a humanitarian “catastrophe” in Afghanistan […]
More than half the $1 billion Dallas voters approved for public improvements in a 2017 bond referendum has gone unspent according to a briefing presented to the Dallas City Council Wednesday. The Dallas City Manager originally promised to execute the program over a 5-year period. The program was reduced by $132 million in 2020. Of […]
Moonshot stocks are coming back to Earth. As the Federal Reserve moves closer to raising interest rates, investors are repricing their bets on one of the riskiest corners of the market: shares of companies that don’t make money. Cash-burning technology firms, biotechnology companies without any approved drugs and startups that listed quickly via mergers with […]
Patriots The Patriots spent a record amount of money in the offseason, helping them get back to the playoffs but still falling well short of title contention. Matthew Judon proved to be a good signing for much of the season, but failed to make much of an impact in the two biggest games against the […]
The Fed Is Ignoring the Money Supply and Letting Inflation Rip
ABC Audio All Rights Reserved
January 21, 2022
Text size Farmers descended on Washington to protest high interest rates in 1979. Charles Harrity/AP/Shutterstock About the author: Robert Heller is a former member of the Federal Reserve Board of Governors. As Milton Freedman said in 1970, “Inflation is always and everywhere a monetary phenomenon.” Little has changed since then. For most of the 1970s, […]