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A key challenge for the Federal Reserve is that higher gas prices are inflationary, but they also reduce households’ spending power and dampen growth.

“You can do something. It is within reach. You can have an effect,” says journalist John Washington.

A top White House adviser intervened to send a massive defense loan to a company linked to Donald Trump Jr., ProPublica reported Thursday. In November, the Pentagon announced a $620 million loan to Vulcan Elements, a start-up manufacturer of rare earth elements. Just three months earlier, Don Jr.’s venture capital firm 1789 Capital had purchased a large stake in the company. When the Defense Department deal first came together, those involved were quick to deny allegations of political favoritism.But in fact, the deal was reportedly the work of the White House. The massive loan was personally directed by Peter Navarro, a White House adviser who is also a friend of the president’s son, according to interviews and DOD records obtained by ProPublica. Of the many companies being considered to receive funding, Vulcan was the only one that garnered the attention of one of the president’s top aides, one Pentagon official told ProPublica. Defense officials were instructed to move at a rapid pace to see that the loan was processed, and it went through within a matter of weeks, according to another Pentagon official who spoke to ProPublica. “The call came from the White House: We have to get this done,” the person said.Navarro and Don Jr. are chummy. The president’s son visited Navarro in prison, and he was one of the few people listed in the dedication of Navarro’s latest book, I Went to Prison So You Won’t Have To. A week before the Vulcan deal was officially announced, Don Jr. hosted Navarro on his streaming show and urged viewers to buy the book. A spokesperson for Don Jr. told ProPublica that the president’s son had not discussed his work with federal employees and “has no knowledge about how this deal came together.” A spokesperson for 1789 Capital said it played no role in securing the deal. The White House claimed that the administration, including Navarro, was “working together and with private industry to secure America’s critical mineral supply chain at Trump Speed.”The massive loan is part of a push by the Office of Strategic Capital to secure a tighter grip on rare earth metals, the same kind used to build the Tomahawk missiles that will need to be replaced after Donald Trump’s onslaught against Iran. This isn’t the first time the president’s son has directly financially benefited from his father’s office, but it’s the first time the White House has directly intervened to make it happen. Eric and Don Jr. won a government contract of an unknown value after they merged their publicly traded golf course holding company with Powerus, a Florida-based drone company, with the goal of filling the gaps left by the Trump administration’s ban on Chinese drones. The brothers also co-founded World Liberty Financial, a decentralized finance platform that has attracted the financial interest of foreign investors who then benefited from Trump’s policy changes.

Donald Trump’s retribution campaign is turning the Justice Department against E. Jean Carroll.The DOJ has opened a criminal investigation into the writer, probing whether Carroll committed perjury in her previous cases against Trump, reported CNN Wednesday.Carroll has a long and unfortunate history with the president. Trump was found liable by a jury in May 2023 for having sexually assaulted Carroll in the mid-1990s. He subsequently lost his defamation case against her the following January, when a judge ruled that Trump had continued to slander the advice columnist by denying the rape on the basis that she wasn’t his “type,” and by accusing her of making up the sexual assault allegations against him for the benefit of her book.The American public also did not agree with Trump’s interpretation of events. Ultimately, two juries awarded Carroll $88.3 million in damages, though she hasn’t yet seen a dime. Earlier this month, a federal appeals court allowed Trump to continue staving off his payments until the Supreme Court decided whether it will pick up the case.Yet despite the court rulings, Trump is apparently still keen to use the power of his office to punish her: The DOJ investigation will examine whether Carroll committed perjury during depositions for her civil suits, reported CNN.The theory hinges on a 2022 deposition statement provided by the magazine columnist, in which Carroll claimed she received no outside funding for her lawsuit. That would later prove untrue, as it was revealed that billionaire Reid Hoffman—the co-founder of LinkedIn—had paid some of Carroll’s legal fees.Acting Attorney General Todd Blanche has been recused from the investigation into Carroll, since he was previously involved in the cases while serving as Trump’s personal attorney. Blanche, nonetheless, has played a major role in advancing Trump’s retribution campaign, placing immense pressure on the DOJ to ramp up its process against the president’s personal foes since he took the reins of the department in April.

The U.S. claims former Venezuelan President Nicolás Maduro backed “narco-terrorist” groups. One of them was Washington’s creation.

Estados Unidos afirma que el expresidente venezolano Nicolás Maduro respaldó a grupos “narcoterroristas”. Uno de ellos fue creación de Washington.

The Justice Department has reportedly launched a criminal investigation into the writer E. Jean Carroll, who successfully sued Donald Trump twice, for sexual abuse and defamation. According to CNN, The New York Times and other outlets, the investigation is focused on whether Carroll committed perjury in a deposition, even though a federal appeals court upheld the rulings in 2024. In 2019, Carroll published a memoir describing an encounter in the 1990s when she says Trump sexually assaulted her in a department store. When Trump denied the account, Carroll sued him and won $5 million in damages, with a unanimous New York jury finding Trump liable for sexual abuse and defamation. After Trump made disparaging remarks about Carroll, she sued him again and won a second defamation judgment for over $83 million. (She has yet to collect any money pending appeals by Trump.) “The use of the Justice Department to go after E. Jean Carroll in this way is completely unprecedented,” says law professor Deborah Tuerkheimer, who says the probe is part of an obvious “vendetta” by Trump. “It’s frankly galling.” See our interview with director Ivy Meeropol about her documentary Ask E. Jean.