Biden touts Americans have ‘more money in their pockets’ but voters say president making inflation worse

President Biden is highlighting that Americans have more money in their pockets than they did a year ago. 

But a new FOX Business poll indicates that voters’ concerns about inflation are surging, and many are blaming the president’s policies for making matters worse.

Showcasing that “Americans are back at work at a record-setting pace,” Biden said in a statement on Thursday that “families have more money in their pockets: Americans on average have about $100 more in their pockets each month than they did last year, after accounting for inflation.”

JOBLESS CLAIMS TICK UP LAST WEEK AMID UNEVEN ECONOMIC RECOVERY

The president’s comments came as he touted new government statistics showing that the average number of Americans filing unemployment claims over the past four weeks is now at its lowest level since 1969.  

“When I took office,

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Kudlow: Stop the spending, stop the money printing presses

Consumer prices recorded a stunning increase for the month of October.

Rising a huge .9% just for the month alone. And 6.2% for the past 12 months. It is the fastest pace in over 30 years.

And I have to say, that last month’s results really, really undercut the idea that inflation is temporary or transitory or whatever excuse the federal reserve is making. By the way, if you look under the hood of the report, energy was up nearly 5% for the month, and 30% for the last year. I’m going to come back to that story in a moment.

Art Laffer makes an important point, that the CPI seems to be following the PPI – which is producer or in the old days we called it wholesale price index.

PPI is

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A hamster has been trading cryptocurrencies in a cage rigged to routinely invest in and market tokens given that June – and it’s currently outperforming the S&P 500 | Currency Information | Money and Business enterprise Information

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Crypto trading hamster rig&#13
The “Goxx Box.”&#13

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A hamster in Germany is redefining “A Random Wander Down Wall Road” writer Burton Malkiel’s perception that a blindfolded monkey throwing darts at a inventory ticker list in the newspaper could do just as fantastic as a human investment qualified.

The livestreamed hamster, named Mr. Goxx, has been independently buying and selling a portfolio of numerous cryptocurrencies considering the fact that June 12, and so significantly its performance

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How Amazon Web Services makes money: Estimated margins by service

Adam Selipsky, CEO, Tableau Software

Scott Mlyn | CNBC

Every year since at least 2014, more than half of Amazon’s operating profit has come from the online retailer’s cloud division, Amazon Web Services, which provides online services and tools that software developers can stitch together to run websites and applications.

It’s an impressive business in absolute dollar terms, not just percentages: AWS ended 2020 with $13 billion in operating income, which helped Amazon report total net income of $21 billion for the year. No wonder Amazon chose the head of AWS for 15 years, Andy Jassy, as its CEO when Jeff Bezos stepped down earler this year.

Alibaba, Google, IBM, Microsoft and Oracle are all looking to challenge AWS. And unlike the Alibaba and Google clouds, AWS is profitable.

In the second quarter, Jassy’s final quarter as cloud chief, AWS had $4 billion in operating income, up about 25% year

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