Consumer Confidence Drops Precipitously

-7 points

Consumer confidence dropped by nearly 7 points in November, as Americans sour on the economy with the holiday season fast approaching, reports The Hill. The Consumer Confidence Index, calculated monthly by the Conference Board, fell from 95.5 in October to 88.7 this month. This marks the lowest consumer confidence rating since April, when it was 86. In November 2024, consumer confidence hit 111.7, its highest rating since July 2023.

Our Fascist Idiocracy: Nike Founder Donates $3 Mil to Oregon MAGA

WTF? Nike goes MAGA?

Willamette Week:Phil Knight has broken his own record for political spending. The 87-year-old Nike co-founder wrote a $3 million check to the Bring Balance to Salem PAC on Oct. 22, according to a new filing with the Oregon secretary of state.

Bring Balance was formed in 2021. The PAC spent nearly $5 million in 2022 and just over $5 million in 2024, all in support of Republican legislative candidates.

Oregon Live: It is the single largest donation Knight has made to an Oregon candidate or political action committee, according to campaign finance records.

KGW8:Knight’s wealth was estimated to be $35.7 billion by Forbes magazine’s list of richest Americans this year, where he was ranked 26th among 400 billionaires.

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GOP Focused on 20 Million Obamacare Users, not 165 Million Insurance Buyers


“Rising Obamacare premiums are a political problem for Republicans. Rising premiums for workers who get health insurance from their employers could be an even bigger one,” Politico reports.

“Republicans in Congress are focused on finding a way to counteract an expected 26 percent rise in premiums for people who buy insurance through the Affordable Care Act, without extending government subsidies that make insurance more affordable.”

“What the GOP isn’t talking about: Nearly seven times as many Americans get health insurance through an employer as those who buy it individually. Those 165 million people are expected to see their premiums spike by up to 7 percent.”

Our Fascist Idiocracy: Trump Surrenders Ukraine to Putin

He TACOs as usual, becomes Putin's roadkill.

The Telepgraph:The United States is poised to recognise Russia’s control over Crimea and other occupied Ukrainian territories to secure a deal to end the war.

The Telegraph understands that Donald Trump has sent his peace envoy Steve Witkoff and son-in-law Jared Kushner to make the direct offer to Vladimir Putin in Moscow.

The plan to recognise territory, which breaks US diplomatic convention, is likely to go ahead despite concerns among Ukraine’s European allies.

One well-placed source said: “It’s increasingly clear the Americans don’t care about the European position. They say the Europeans can do whatever they want.”

CNN: Russia is occupying some 20% of the territory recognized under international law as part of sovereign Ukraine, including almost all of the Luhansk region, and parts of the Donetsk, Kherson and Zaporizhzhia regions.

Moscow is demanding Ukraine surrender the entirety of these four regions, which it has annexed but not fully conquered.

Russia has made some gains along the eastern Ukrainian frontline in recent weeks, most significantly around the city of Pokrovsk.

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