A train carrying vinyl chloride, a toxic chemical used to make plastic pipes, cable coating, and packaging, derailed in East Palestine, Ohio on February 3, spilling five tankers full of the substance. Emergency crews burned the remaining contents to prevent an explosion, prompting an evacuation of over 2,000 residents. (more…)
Tag: Bill Johnson
We’re Not in a Recession — We’re Just Transitioning to a Sheconomy
Merriam-Webster defines a recession as “a period of reduced economic activity.”
In December 2000, lame-duck President Bill Clinton said, “A recession is two quarters in a row of negative growth.”
On Thursday, the Commerce Department’s Bureau of Economic Analysis revealed that the nation’s GDP fell 0.9% in the second quarter after falling 1.6% in the first quarter.
So two subsequent economic quarterly contractions, coupled with the highest inflation in 40 years, means we’re in a recession, right? (more…)