(FREE) PAINE IN THE MORNING: What you need to know this Monday – August 1, 2022

Here’s what you need to know today, Monday – August 1, 2022.

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Democrats’ inflation ‘reduction’ actually won’t reduce inflation, analysis confirms – Democrats’ new spending bill, the “Inflation Reduction Act of 2022,” will have a statistically insignificant impact on inflation, according to an analysis released Friday.

The legislation, a budget reconciliation bill proposed by Democratic Sens. Chuck Schumer of New York and Joe Manchin of West Virginia, is intended to address skyrocketing inflation by subsidizing energy and health care costs for consumers and lowering the budget deficit. However, despite its numerous tax increases, the bill will only cut deficits by $248 billion and fail to have any measurable effect on rampant inflation, according to an analysis by the University of Pennsylvania’s Penn Wharton Budget Model. – READ MORE

Food Banks Across America Report Record Demand And Record Shortages – Food pantries and food banks are a key economic indicator for tracking poverty levels and financial instability in the US, and in the past few months they have been ringing alarm bells.

Stagflationary pressures have all but wiped out the savings of the average American and driven up credit card debt to historic highs. Only in the past month have credit spending and debt levels begun to slide, but this is more a sign that consumers are tapped out rather than a sign of a return to normalcy. High prices are slowly but surely overwhelming lower wage workers in particular. The average living wage across most US states is around $16 an hour; over 30% of American workers make less than $15 an hour. – READ MORE

Alert: Biden’s ‘Biggest Fear’ for Ukraine War Just Happened, Gas Shortages Looking Almost Certain – Vladimir Putin’s Russia has further tightened the flow of gas being fed to the European Union as the cold northern European winter looms mere months away.

The flow through the Nord Stream 1 pipeline to Germany has been cut to just 20 percent of normal as of Tuesday. – READ MORE

Hershey’s Chocolates Warns Of Halloween, Christmas Candy Shortage –  American candy-maker The Hershey Company warned on Thursday that it would fail to have enough candy come Halloween and Christmas time due to a variety of supply-chain issues and labor shortages plaguing the industry.

Hershey Chief Executive Officer Michele Buck told Reuters that the coming shortage will be caused in part by the Russian-Ukraine war impacting cocoa, edible oil, and other ingredients, while other issues stemming from the economic disruption during COVID are also to blame. – READ MORE

J.B. Pritzker’s Scandalous Toilet Troubles May Come Back to Bite in Potential 2024 Presidential Run – When the word “toilet” comes up in conjunction with a potential political run, that’s never a good thing.

Give Illinois Gov. J.B. Pritzker some credit, then, for originality: The reason why the commode might end up sinking his 2024 presidential ambitions aren’t just metaphorical or scatological. Instead, they have more to do with a dubious way the Democrat billionaire and heir to the Hyatt hotel chain fortune managed to dodge the tax man. – READ MORE

‘The Place is on Fire’ — Dutch Farmer Road Blockades, Hay Fires Continue Over Night – Major highways were once again shut down throughout The Netherlands on Thursday as the direct action taken by farmers to blockade roads with manure and burning bales of hay continued Wednesday evening and into the morning.

Dutch motorways, including the A7 between Groningen and Drachten and the A1 near Poorest experienced closures again on Thursday, according to the Rijkswaterstaat, the public works branch of the government responsible for maintaining roads. – READ MORE

Not Just the Dutch: Farmers Everywhere Fight for Survival Against Climate Change Activism – The most efficient system in history of growing food and getting it to consumers, modern farming, is under attack, blamed for causing climate change.

Dutch Government to Farmers: Reduce Your Operations by Up to 95 Percent.

The world has watched as Dutch farmers fight for their economic survival against demands that they shrink their operations to suit the government’s climate change agenda. The Dutch government has told farmers to cut ammonia emissions by 50 percent, and those near protected areas must reduce their operations by as much as 95 percent, or they must sell their land to the government and face a lifetime ban from farming. – READ MORE

Who’s Really Behind The War On Meat? How Bill Gates Is Quietly Transforming America’s Food Industry From Within – When most people hear the name Bill Gates, the first thing that comes to mind is his work at Microsoft, or his climate change and vaccine initiatives. But it’s his investment in a different field that’s now turning heads: Agriculture.

Last year, it was revealed that Bill Gates had become the single largest farmland owner in America. While quietly amassing more American farmland than any other person on Earth, Gates has also positioned himself as one of the leading voices for “synthetic meat” and other meat alternatives — claiming they’re imperative in the fight against climate change. – READ MORE

PBS Preps ‘American Masters’ Puff Piece Documentary ‘Tony – A Year in the Life of Dr. Anthony Fauci’ – Dr. Anthony Fauci and his tumultuous experience during the COVID-19 pandemic are the focus of a PBS “American Masters” documentary.

The film follows Fauci at home and at work during a 14-month period starting from President Joe Biden’s inauguration in January 2021, PBS announced Wednesday. – READ MORE

L.A. County Won’t Bring Back Indoor Mask Mandate – Los Angeles County will not bring back its indoor public mask mandate after several weeks of tracking cases and recent resistance from officials, residents, and businesses.

A new public mandate would have taken effect on Friday if it had been implemented. Health leaders in the county said they would reinstate the rule if COVID cases remained in the Centers for Disease Control and Prevention’s (CDC) “high” rating for two weeks in a row. – READ MORE

NY Judge Tosses State Quarantine Camp Law Declaring It Unenforceable – A New York judge overturned a law that allowed the state government to place even healthy citizens in quarantine camps for an indefinite time without review.

Until July 8, the New York Department of Health had immense power to enforce quarantine measures on citizens. It received this power from the state’s Rule 2.13. – READ MORE

Zogby: Many who got COVID shots diagnosed with brand-new condition – Stories abound of healthy people, including athletes, suddenly dying or suffering severe illness without explanation.

Many who have posted links to the reports on social media have suggested a possible relationship to the experimental COVID-19 vaccines. When four practicing physicians in the greater Toronto area died unexpectedly in the past two weeks, their hospitals made a point of insisting their deaths were not related to the vaccines. A fifth area physician, just 27 years old, died Thursday after collapsing during a triathlon. – READ MORE