The Crypto Party Is Over - WSJ

At times, crypto has looked like a combination of Beanie Babies, dot-com stocks and the Velvet Underground: It is manic, it is money, and all the cool people are into it. It has also shared characteristics with other bubbles throughout history, marked by speculation bordering on delusion, disregard and disrespect for risk, and greed.

Cauliflower, you’ve never looked so good!

Man Starting To Wonder If He Shouldn’t Have Invested His Life Savings In An Imaginary Token Saying He Owns A Digital Painting Of A Cartoon Monkey - The Babylon Bee

This week, local man Don Johnson told friends and family he had been struck with a revelation: his “Bored Ape” NFT may not have been a bulletproof investment vehicle, and perhaps he should have diversified his investments a bit.

Hang in there, Don!

Study: Inflation Forcing More Americans To Choose Between Buying Groceries, Aston Martin DBS - The Onion

“With the prices of supermarket staples like milk and bread at all-time highs, we’re seeing more families faced with making the difficult decision between eating dinner and going 0 to 62 miles per hour in 3.2 seconds,” said study author Celina Goodman, whose report found that 45% of all Americans had adjusted their grocery budgets in order to afford the $330,600 sports car.

Fed Raises Rates by 0.75 Percentage Point, Largest Increase Since 1994 - WSJ

…and signaled it would continue lifting rates this year at the most rapid pace in decades as it races to slow the economy and combat inflation that is running at a 40-year high.

Good morning! 👋🏻

Nice to have you awake and with us.

Climate-Change Censorship: Phase Two - WSJ Opinion

Now progressives are moving to censorship phase two, which is shutting down debate over climate “solutions.” “Now it’s not so much denying the problem,” Ms. McCarthy said in an Axios interview last Thursday. “What the industry is now doing is seeding doubt about the costs associated with [green energy] and whether they work or not.”

We must pay for the energy transformation in order to find out how much it costs.

Crypto Legislation Could Undermine Market Regulations, Gensler Says - WSJ

Securities and Exchange Commission Chairman Gary Gensler expressed concern Tuesday that efforts in Congress to write legislation for the cryptocurrency industry could compromise regulations that govern the broader capital markets.

It appears Mr. Gensler has forgotten his place.

Apple, Major League Soccer Strike 10-Year Streaming Deal for All MLS Games - WSJ

The agreement will make the Apple TV app the home of all MLS matches, available to fans through a variety of programming options. Financial terms for the deal weren’t disclosed.

Waste of money.

U.S., European Allies Try to Restrain Global Oil Prices - WSJ

With gasoline prices climbing to records in the U.S., and inflation the Biden administration’s top economic policy priority, U.S. officials across the administration are reviewing ways to try to stabilize global oil prices and still penalize Russia

It’s too bad we don’t have massive underground oil reserves that we could just drill and bring to market.

That’d really be something, huh?

Rick Scott Revises Tax-Increase Proposal After Facing Criticism - WSJ

But the outline would have marked a radical change from today’s tax system, in which more than 40% of Americans don’t pay income taxes or get net income tax benefits because they earn too little or use specific tax provisions designed to aid parents and low-income workers.

White House Attempts To Distract From High Gas Prices By Putting Up Wacky Inflatable Tube Men In Front Of Price Signs - The Babylon Bee

“The problem is not our policies, the problem is that the media has done a terrible job communicating how great we are”

Swimming lessons are fun. And exhausting.

🏊🏻‍♂️

‘Peak Inflation’ Keeps Peaking - WSJ Opinion

One lesson is that progressive welfare spending and expanded child-tax credits in the name of aiding workers contributed to inflation that erased the value of those benefits. Workers would be far better off now if Congress hadn’t passed $2.8 trillion in Covid “relief” in late 2020 and early 2021. The federal government has $6.7 trillion more debt than before the pandemic, and inflation isn’t abating.

Government help.

The Evidence of the Jan. 6 Committee - WSJ Opinion

The House inquiry into the Jan. 6, 2021, Capitol riot launched its TV miniseries Thursday night, and the trick for parsing the proceedings is to keep two ideas in tension. Do Democrats want to unfairly besmirch the entire GOP with the Jan. 6 disgrace, while distracting voters from 8.6% inflation and $5-a-gallon gasoline? Yes.

Trump should’ve resigned January 7th.

But even Impeachment 1 & 2, as melodramatic as they were, weren’t this embarrassingly transparent.

U.S. Inflation Hit 8.6% in May - WSJ

U.S. consumer inflation reached an 8.6% annual rate in May, its highest level in more than four decades as surging energy and food prices pushed prices higher.

There will be entire books and college courses taught on how this government squandered this recovery.

All they had to do was stay out of the way, but they couldn’t help themselves.

This is what happens when the government spends massive amounts of money to “help” you.

American Women Once Again Make Their Yearly Pilgrimage To The Magnolia Silos - The Babylon Bee

“If I could but touch the hem of Joanna’s dress I might be blessed with a vision for farmhouse decor in my own life!” said Susan Vail, who guilted her husband into taking her to Waco, Tx.

Rapid Pace of U.S. Inflation Held Steady in May, Economists Estimate - WSJ

The Labor Department on Friday is estimated to report that the consumer-price index rose 8.3% in May from the same month a year ago, the same as in April, according to economists surveyed by The Wall Street Journal.

Wrong. It’s 8.6%.

Yellen Sees High Gasoline Prices Persisting - WSJ

She said President Biden’s decision to release oil from the strategic petroleum reserve this year was the administration’s main tool to put downward pressure on prices.

What an embarrassing way to end a distinguished career.

That statement is demonstrably false.

Ms. Yellen and other administration officials have recently embarked on a renewed campaign to try to improve Americans’ view of the economy.

Here’s the problem with this strategy of condescension: it starkly conflicts with our everyday lived experience.

You can tell us that everything’s great, but when we see the price sign at the gas station, get our grocery bill at Walmart, or try to buy formula, it’s obvious that the problem isn’t our perception; the problem is reality.

Jan. 6 Committee Lays Out Case Against Donald Trump in First Public Hearing - WSJ

The hearing, shown on cable television and most major broadcast outlets, was the first in a series scheduled over the next two weeks.

Inflation is at a four-decades high with no end in sight, government policies have led to a baby formula shortage and taxpayers having to cover the bill for their incompetence, but the United States Congress is having late night made-for-TV hearings about this.

We need to know what happened, we need to know why the Capitol wasn’t defended, DOJ has a firm grip on prosecutions.

This is nothing more than a disgusting, wasteful stunt designed to tar a particular group of Americans.

The talk of unity was less than lip service, it was a flat out lie.

I honestly believe that no one on the Office for Mac dev team has ever touched a Mac.

Tesla Employees’ Cars Will Now Drive Them To Work Against Their Will - The Babylon Bee

“At midnight on June 8, your vehicle will automatically install a mandatory software update. Expect bug fixes, stability improvements, and your vehicle driving you to your workspace to begin your 8-14 hour work day,” the email reportedly stated.

BA.4, BA.5 Variants Rise Among U.S. Covid-19 Cases - WSJ

Omicron Covid-19 variants BA.4 and BA.5 are on the rise in the U.S., adding two more highly contagious versions of the virus to the mix that has fueled a springtime surge in cases.

Anyone know what this is talking about?