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Tuesday, January 28, 2025
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Mayor de Blasio Faced Calls to Resign from Crowd in Brooklyn

Democratic New York City Mayor Bill de Blasio. (Photo: SS)
Democratic New York City Mayor Bill de Blasio. (Photo: SS)

New York, N.Y. (PPD) — New York City Mayor Bill de Blasio was booed by the crowd at a memorial for George Floyd in Brooklyn and faced calls to resign on Thursday. Thousands gathered in Cadman Plaza for the event, to which the mayor was 20 minutes late.

First, Mayor de Blasio was booed as he finally arrived to the memorial and walked across the stage, with crowds shouting “De Blasio, go home!” Even louder booing ensured as he and first lady Chirlane McCray took the stage.

“Let us welcome with respect the mayor of New York City, Mayor Bill de Blasio and first lady Chirlane McCray,” Reverend Kevin McCall said attempting to calm the crowd.  “Again, again, again, we said respect! We said respect! Say it with me, respect!”

The booing finally subsided when First Lady McCray took the microphone, which she did first before the mayor. When he eventually did attempt to address the crowd, it was difficult to make out his words over crowds chanting “Resign!” The crowd also chanted, “Turn your back!”

Before long, Mayor de Blasio gave up and handed the microphone to Terence Floyd, the brother of the now-national figure who died while being arrested by police in Minnesota.

Mayor de Blasio has faced widespread criticism for his handling of the protests-turned-riots in New York City. Flack has been thrown at him from all directions, from the community to a bipartisan chorus of elected officials to even fellow Democrat, Governor Andrew Cuomo.

On Tuesday, Governor Cuomo called his handling of riots a “disgrace” and noted that he does in fact have the power to “displace” Mayor de Blasio. However, he added that he won’t at this time, despite calls to do so from former beloved New York City Mayor Rudy Giuliani.

Following a phone call between the nation’s governors and the president, during which 7:00 PM was discussed as a crucial curfew, the mayor imposed an 11:00 PM curfew on Monday. It did not dissuade the riots and what resulted was another night of fires and looting, during which his own daughter was arrested. He since moved up the curfew to 8:00 PM and extended it through Sunday night.

New York City Mayor Bill de Blasio

Year-to-Date, U.S. Trade Deficit in Goods and Services Down 13.4%

Washington, D.C. (PPD) — The U.S. Census Bureau and the U.S. Bureau of Economic Analysis (BEA) reported the U.S. trade deficit for goods and services widened $7.1 billion to $49.4 billion in April. That’s slightly more than the forecast and follows a $42.3 billion trade deficit in March and $39.8 billion in February, revised.

Forecasts ranged from a low deficit of $49.9 billion to a high of $34.4 billion. The consensus forecast was $42 billion.

U.S. Economy. Import export business. Stacked cargo containers. Flag of the United States. 3D rendering. (Photo: AdobeStock)
U.S. Economy. Import export business. Stacked cargo containers. Flag of the United States. 3D rendering. (Photo: AdobeStock)

Exports fell $38.9 billion to $151.3 billion in April exports, while imports were fell $31.8 billion to $200.7 billion. The increase in the goods and services deficit reflected an increase in the goods deficit of $5.8 billion
to $71.8 billion and a decline in the services surplus of $1.3 billion to $22.4 billion.

Year‐to‐date, the goods and services deficit fell $26.0 billion, or 13.4%, from the same period in 2019. Exports are down $79.8 billion or 9.5%, while imports fell $105.8 billion or 10.2%.

The politically-sensitive U.S.-China trade in goods deficit rose $9.0 billion to $26.0 billion in April. Exports rose $2.1 billion to $9.3 billion, but imports were up $11.0 billion to $35.2 billion.

The U.S. trade deficit for goods and

Jobless Claims Roughly Hit Forecast, Continue to Trend Down

Washington, D.C. (PPD) — The U.S. Labor Department (DOL) reported initial jobless claims rose as expected by 1,877,000 for the week ending May 30, due to the mitigation efforts to slow the spread of the coronavirus (COVID-19). That’s a decrease of 249,000 from the previous week’s upwardly (+3,000) revised 2,126,000.

Forecasts ranged from a low of 1,500,000 to a high of 1,800,000. The consensus forecast was 1,790,000. The 4-week moving average was 2,284,000, a decrease of 324,750 from the previous week’s revised average. The previous week’s average was revised up only by 750, from 2,608,000 to 2,608,750.

Roughly 43 million Americans have filed as a result of the efforts to slow the spread of the coronavirus (COVID-19), though millions now appear to have returned to work given lagging data.

Lagging Jobless Claims Data

U.S. initial jobless claims graph on a tablet screen. (Photo: AdobeStock)
U.S. initial jobless claims graph on a tablet screen. (Photo: AdobeStock)

The advance seasonally adjusted insured unemployment rate rose 0.5% to 14.8% for the week ending May 23. It fell 2.6 percentage points to 14.5% for the week ending May 16, marking the first decline since the start of the crisis. The rate for the previous week was revised down by 0.2 from 14.5% to 14.3%.

The insured unemployment rate hit the first high of the current crisis at 8.2% for the week ending April 4. The all-time high prior to that was 7.0%, recorded in May of 1975. On April 11, it rose to 11.0% and 12.4% on April 25.

Under the Trump Administration, this rate had fallen to an all-time low 1.1% and remained at 1.2% just weeks ago, as recently as March 14. But that was before coronavirus (COVID-19) mitigation efforts.

The advance number for seasonally adjusted insured unemployment during the week ending May 23 was 21,487,000, an increase of 649,000 from the previous week’s revised level. The previous week’s level was revised down by 214,000 from 21,052,000 to 20,838,000.

The 4-week moving average was 22,446,250, a decrease of 222,500 from the previous week’s revised average. The previous week’s average was revised down by 53,500 from 22,722,250 to 22,668,750.

Extended Benefits were available in 22 states during the week ending May 16. Those states included Alaska, California, Connecticut, Georgia, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Montana, Nevada, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, Vermont, Washington, and West Virginia.

During the week ending May 16, 35 states reported 10,740,918 individuals claiming Pandemic Unemployment Assistance benefits and 28 states reported 209,692 individuals claiming Pandemic Emergency Unemployment Compensation benefits.

The highest insured unemployment rates in the week ending May 16 were in Nevada (24.9), Maine (22.9), Michigan (22.9), Puerto Rico (22.7), Hawaii (20.6), New York (19.2), Rhode Island (18.6), Washington (17.7), Louisiana (17.4), and New Hampshire (16.8).

The largest increases in initial claims for the week ending May 23 were in Maine (+11,941), Oklahoma (+10,274), Michigan (+7,859), Kentucky (+6,417), and Oregon (+4,913), while the largest decreases were in Washington (-90,683), Florida (-49,993), California (-41,169), New York (-34,875), and Illinois (-14,517).

Initial jobless claims rose roughly as expected

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Tempe, Arizona (PPD) — The Institute for Supply Management (ISM) Non-Manufacturing Index (NMI) rose more than expected in May to 45.4%. That’s an increase of 3.6 percentage points from the April reading of 41.8%.

United States Postal Service (USPS) workers don face masks and gloves behind plexiglass at the USPS location on N. Main in Gainesville, Fla., during the coronavirus (COVID-19) pandemic. (Photo: People's Pundit Daily/PPD)
United States Postal Service (USPS) workers don face masks and gloves behind plexiglass at the USPS location on N. Main in Gainesville, Fla., during the coronavirus (COVID-19) pandemic. (Photo: People’s Pundit Daily/PPD)

Forecasts ranged from a low of 43.5 to a high 46.5. The consensus forecast was 44.0. The rebound comes after the lowest reading for the NMI since March 2009, when it was 40.1.

The Business Activity Index rose 15 percentage points from April at 41%. The New Orders Index gained 9 percentage points to 41.9%, up from a reading of 32.9% in April. The Employment Index increased 1.8 percentage points to 31.8%.

On Monday, the ISM Manufacturing Index (PMI) came in at 43.1% in May, up from 49.1% in April and also beating the consensus forecast. This reading indicates expansion after one month of contraction that ended 131 consecutive months of growth.

The Institute for Supply Management (ISM) Non-Manufacturing

In Contentious Hearing, Rosenstein Claimed Not to Have Read FISA Renewal Applications

Rod Rosenstein, who served as both Deputy Attorney General and Acting-Deputy Attorney General. (Photo: Reuters)
Rod Rosenstein, who served as both Deputy Attorney General and Acting-Deputy Attorney General. (Photo: Reuters)

Washington, D.C. (PPD) — Former Deputy Attorney General Rod Rosenstein admitted on Wednesday there was no evidence of collusion by August of 2017. Despite the evidence not supporting the allegation the Trump campaign colluded with Russians to influence the 2016 election, he allowed the investigation to continue for another year and a half.

The bombshell admission came during a heated hearing before the Senate Judiciary Committee, which is investigating wrongdoing during the F.B.I.’s Crossfire Hurricane investigation that led to the appointment of Special Counsel Robert Mueller.

“The whole concept, that the campaign was colluding with the Russians, there was no ‘there’ there in August of 2017, do you agree or not?” Chairman Lindsey Graham, R-S.C., asked Mr. Rosenstein.

“I agree with the general statement,” he replied.

The concession was just one of many that came during the hearing. On several occasions, he admitted having little knowledge about the F.B.I. probe. He also through other actors under the bus, claiming that fired former F.B.I. Deputy Director Andrew McCabe “was not fully candid with me” regarding bureau proceedings.

Mr. Rosenstein also told the committee that he was not aware of the exculpatory evidence exonerating Carter Page and would not have signed the renewal of the FISA warrant if he had been.

“If you knew then what you knew now, would you have signed the warrant application?” Chairman Graham asked him.

“No, I would not,” he replied.

Section 702 of the Foreign Intelligence Surveillance Act (FISA) allows intelligence agencies to collect information on foreign targets abroad. It also created the FISC.

Mr. Rosenstein at one point suggested that he was not familiar with the full contents of that FISA warrant renewal, though had earlier claimed to have read it. He later amended his testimony to claim that he had not read “every page.”

“My recollection of it, it was actually fairly persuasive,” he claimed. “It had already been approved three times. This was just a re-authorization.”

Senator Ted Cruz, R-Tx., delivered scathing remarks against what he characterized as a corrupt investigation.

“You came into a profoundly politicized world, yet all of this was allowed to go forward under your leadership,” Senator Cruz said. “That, unfortunately, leads to only two possible conclusions: Either that you were complicit in the wrongdoing… or that your performance of your duties was grossly negligent.”

Indeed, emails obtained in October 2019 show Mr. Rosenstein and Mr. Mueller were secretly in contact with one another the days before, during and after the latter met with President Donald J. Trump, and the eventual special counsel appointment.

“The boss and his staff do not know about our discussions,” Mr. Rosenstein wrote in an email to Mr. Mueller on May 12, 2017. (Document Page 57)

It’s unclear whether “the boss” was a reference to then-Attorney General Jeff Sessions, or President Trump, himself.

However, the emails indicate Mr. Mueller was appointed Special Counsel after the president refused to give him the job.

“I am with Mueller. He shares my view. Duty calls,” Mr. Rosenstein wrote to Mark Filip, an attorney at Kirkland & Ellis LLP on May 16, 2017. “Sometimes the moment chooses us.” (Document Page 54)

In May 2019, Attorney General William Barr assigned U.S. Attorney John H. Durham in Connecticut to investigate the origins of and potential wrongdoings in the Russia probe. By October 2019, Mr. Durham had expanded his investigation.

In December, the Justice Department Office of the Inspector General (OIG) released a “Review of Four FISA Applications and Other Aspects of the FBI’s Crossfire Hurricane Investigation”. Legacy media incorrectly used the language in the report to claim the findings exonerated the FBI of political bias, which Inspector General Horowitz later pushed back on under oath.

Mr. Horowitz found seven “significant inaccuracies and omissions” in just the first of four total warrant applications. The latter three applications contained ten additional major inaccuracies.

In December, Judge Rosemary Collyer, presiding judge of the FISC, responded to the blistering report issued by the OIG. She called the actions of the FBI “antithetical to the heightened duty of candor” owed to the court.

In January, the Justice Department admitted there was “insufficient predication to establish probable cause” to spy on Carter Page. In response, Judge James Boasberg, the head of the FISC, penned and issued an order ruling at least two of the warrants were “not valid” on January 7, 2020.

The unlawful application submitted on April 7 was personally signed by fired former F.B.I. Director James Comey, while the unlawful application on June 29 was signed by Mr. McCabe.

Former Deputy Attorney General Rod Rosenstein admitted

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ADP National Employment Report: 2,760,000 Jobs Lost in May

Job Loss theme with viruses and downward stock price charts. (Photo: AdobeStock)
Job Loss theme with viruses and downward stock price charts. (Photo: AdobeStock)

Roseland, N.J. (PPD) — The ADP National Employment Report found private sector employment fell by 2,760,000 jobs in May, far less than expected. The loss in April was also less than initially reported and data suggests the peak is behind us.

Forecasts ranged from a low of -11,000,000 to a high of -3,300,000. The consensus forecast was -8,663,000.

“The impact of the COVID-19 crisis continues to weigh on businesses of all sizes,” said Ahu Yildirmaz, co-head of the ADP Research Institute. “While the labor market is still reeling from the effects of the pandemic, job loss likely peaked in April, as many states have begun a phased reopening of businesses.”

The April total of jobs lost was revised from -20,236,000 to -19,557,000.

By Company Size

– Small businesses:     -435,000

  • 1-19 employees -253,000
  • 20-49 employees -182,000

– Medium businesses:     -722,000

  • 50-499 employees -722,000

– Large businesses:     -1,604,000

  • 500-999 employees -272,000
  • 1,000+ employees -1,332,000

By Sector

– Goods-producing: -794,000

  • Natural resources/mining -52,000
  • Construction -22,000
  • Manufacturing -719,000

– Service-providing: -1,967,000

  • Trade/transportation/utilities -826,000
  • Information -115,000
  • Financial activities -196,000
  • Professional/business services -250,000
         – Professional/technical services     -221,000
         – Management of companies/enterprises     -70,000
         – Administrative/support services     40,000
  • Education/health services -168,000
         – Health care/social assistance     -333,000
         – Education     166,000
  • Leisure/hospitality     -105,000
  • Other services     -307,000

* Sum of components may not equal total, due to rounding.

– Franchise Employment**

  • Franchise jobs -254,100

**Complete details on franchise employment can be found here.

Private sector employment fell by 2,760,000 jobs

Democratic Governor Roy Cooper Refuses to End Strict Social Distancing Guidelines Despite Data Not Supporting Decision

President Donald J. Trump speaks to young conservative activists at CPAC 2020 in National Harbor, Maryland on February 29, 2020. (Photo: People's Pundit Daily)
President Donald J. Trump speaks to young conservative activists at CPAC 2020 in National Harbor, Maryland on February 29, 2020. (Photo: People’s Pundit Daily)

Washington, D.C. (PPD) — President Donald Trump said he is “forced to seek another state to host the 2020 Republican National Convention” after Democratic Governor Roy Cooper refused to end strict social distancing guidelines. The convention was supposed to be held in Charlotte, North Carolina.

“Governor Cooper is still in Shelter-In-Place Mode, and not allowing us to occupy the arena as originally anticipated and promised,” the president tweeted. “Would have showcased beautiful North Carolina to the World, and brought in hundreds of millions of dollars, and jobs, for the State.”

The decision will cost the state millions of dollars in revenue and economic growth at a time when states desperately need both.

As People’s Pundit Daily (PPD) has previously reported, the data don’t warrant extending lockdowns, if ever. Lockdowns designed to slow the spread of coronavirus (COVID-19) most failed to “alter the course of the pandemic,” according to a statistical analysis by JPMorgan Chase.

“Unlike rigorous testing of potential new drugs, lockdowns were administered with little consideration that they might not only cause economic devastation but potentially more deaths than COVID-19 itself,” stated Marko Kolanovic, a quantitative strategist at JPMorgan Chase.

Trump said he is "forced to seek

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