National Populist Newsletter

June 19th-26th

News:

United States

• Immigration

The U.S Department of Health & Human Services and the U.S. Department of the Treasury approved Colorado’s application for an amendment of its State Innovation Waiver under section 1332 of the Affordable Care Act. The amendment will allow for the full implementation of the Colorado Option, which is an innovative model for health insurance that promotes “competition and health equity”. (CMS.gov)

Democrats are vowing to implement a “transformative” plan that seeks to add about a million foreign-born residents on green cards to United States voter rolls by securing them naturalized American citizenship, according to Breitbart News. Former Rep. Luis Gutierrez (D-IL) has launched the group “Our Nation’s Future” with support from Sen. Dick Durbin (D-IL) with the goal of helping one million green card-holders gain naturalized American citizenship within the next four years.

• Economy

The Kellogg Company, one of the original perpetrators of Woke Capitalism, said Tuesday that it is breaking itself up into three independent companies. The company will split into three publicly-traded companies whose names will be determined later. (Breitbart News)

The median price for an existing home sold in May rose to a record high of $407,600 in May, the National Association of Realtors said Tuesday. This is the first time the median home price has exceeded $400,000. Compared with a year ago, the median selling price is up 14.8 percent. (Breitbart News)

The U.S. economy is very likely to shrink this year and next, an economic model used by the Federal Reserve Bank of New York indicates. The model predicts the economy will shrink 0.6 percent this year and 0.5 percent next. This is considerably more pessimistic than the outlook in March, when the model predicted the economy would grow 0.9 percent this year and 1.2 percent in 2023. Economists now expect tighter monetary policy in 2022 and 2023, with a much steeper climb in interest rates. Last week, the Federal Open Market Committee—the Fed’s monetary policy unit—raised its target rate by 75 basis points to a range of 1.50 percent to 1.75 percent. This is the first time since November 1994 that the Fed has raised its target by three-quarters of a percentage point at a single meeting. (Breitbart News)