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Key US inflation measure surges at fastest rate since June

WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.

https://apnews.com/article/inflation-economy-business-9b044c8ada5aa538d539237be1da9d14?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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2023 US recession now expected to start later than predicted

WASHINGTON (AP) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates.

https://apnews.com/article/inflation-united-states-government-recessions-and-depressions-economy-business-c14699b792454e4d2d3d642d65ff4395?

Biden budget aims at China with billions for Pacific islands

WASHINGTON (AP) — Alarmed by China’s success in wooing Pacific island nations, the Biden administration is proposing to spend billions to keep three of those countries in the U.S. orbit.

https://apnews.com/article/biden-budget-us-china-marshall-islands-micronesia-palau-9a3dd6c94b1287bdb015449af00cd654

Biden budget with deficit cuts, tax hikes won’t fly with GOP

PHILADELPHIA (AP) — As political gridlock puts the government at risk of defaulting, President Joe Biden on Thursday is making an opening offer with a budget plan that would cut deficits by $2.9 trillion over the next decade — a proposal that Republicans already intend to reject.

https://apnews.com/article/biden-budget-debt-limit-deficit-republicans-56ed3a1b2ed906f89bc84edc435d3e7d

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Minnesota surplus holds steady; sets stage for budget debate

ST. PAUL, Minn. (AP) — An updated forecast put Minnesota’s budget surplus Monday at a still-enormous $17.5 billion, reflecting an improvement in the state’s fiscal picture and setting the stage for the nitty-gritty of the Legislature’s debates on spending and taxes.

https://apnews.com/article/inflation-minnesota-75c1e7dae40420fd3b110bf87e21521b

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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US economy sending mixed signals: Here’s what it all means

WASHINGTON (AP) — Maybe it was just too good to be true.

https://apnews.com/article/economy-inflation-interest-rates-jobs-recession-f218111d29793783338e3ff6ec040da2?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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  • phkrause changed the title to The Economy
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It’s O.K. to Be Confused About This Economy

Even the experts don’t really know where inflation and jobs are headed.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Monster-sized budget surpluses allow new governors to dream big

Both parties are looking at tax cuts but Republicans are showing an appetite for new spending too.

https://www.politico.com/news/2023/02/15/new-governors-tax-cuts-budget-00082585

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Powell signals increased rate hikes if economy stays strong

WASHINGTON (AP) — The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell told a Senate panel Tuesday.

https://apnews.com/article/inflation-federal-reserve-interest-rates-powell-unemployment-79b7ead4530ab381a17638a6c9df2d90

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Here’s what Biden’s budget would mean — if it had a chance

WASHINGTON (AP) — With Republicans in control of the House, there’s no chance that President Joe Biden’s new budget plan will become law as it stands. Instead, the financial blueprint that he’s announcing in Philadelphia on Thursday will serve as a political talking point for a president preparing to run for reelection.

https://apnews.com/article/biden-budget-highlights-taxes-deficits-medicare-3f0d64293eb6bf84d114d937627119b8

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Biden budget vs. House GOP: Values on display in debt fight

WASHINGTON (AP) — For President Joe Biden, his federal budget is a statement of values — the dollars and cents of a governing philosophy that believes the wealthy and large corporations should pay more taxes to help stem deficits and lift Americans toward middle class stability

https://apnews.com/article/biden-mccarthy-budget-debt-taxes-congress-a15d0401854bea692ac1bb8d4d550792?

Biden rolls out budget plan, challenges GOP to follow suit

PHILADELPHIA (AP) — As political gridlock puts the government at risk of defaulting, President Joe Biden on Thursday made an opening bid with a budget plan that would cut deficits by $2.9 trillion over the next decade — a proposal that Republicans already intend to reject.

https://apnews.com/article/biden-budget-debt-limit-deficit-republicans-56ed3a1b2ed906f89bc84edc435d3e7d

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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16 minutes ago, phkrause said:

Biden budget vs. House GOP: Values on display in debt fight

WASHINGTON (AP) — For President Joe Biden, his federal budget is a statement of values — the dollars and cents of a governing philosophy that believes the wealthy and large corporations should pay more taxes to help stem deficits and lift Americans toward middle class stability

https://apnews.com/article/biden-mccarthy-budget-debt-taxes-congress-a15d0401854bea692ac1bb8d4d550792?

Biden rolls out budget plan, challenges GOP to follow suit

PHILADELPHIA (AP) — As political gridlock puts the government at risk of defaulting, President Joe Biden on Thursday made an opening bid with a budget plan that would cut deficits by $2.9 trillion over the next decade — a proposal that Republicans already intend to reject.

https://apnews.com/article/biden-budget-debt-limit-deficit-republicans-56ed3a1b2ed906f89bc84edc435d3e7d

AS neither you or I are economists we can only rely on what we consider common sense.

Perhaps your common sense  says  the way of financial security/responsibility is when finding yourself in trouble you craft a new budget. Borrowing/spending a very large sum of money, planning on payback on money we plan on making up to I think it is ten?years out. That may be financial responsibilty to you, for many of us that is how to get into trouble in the first place.  Sometimes in curtailing all wasteful spending,it requires cutting back on somethings that hurt a little because of our previous waste.

I guess I am just naive enough to believe that I cannot borrow/spend massive amount of money and plan on paying it back with money I expect to have in the future

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Another US hiring surge: 311,000 jobs despite Fed rate hikes

WASHINGTON (AP) — America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation.

https://apnews.com/article/jobs-unemployment-inflation-economy-federal-reserve-43c8e14bcddae79da2e58a57a902d154

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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US inflation eases but stays high, putting Fed in tough spot

WASHINGTON (AP) — U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for the financial system.

https://apnews.com/article/inflation-federal-reserve-interest-rates-banks-economy-40c98d52a8bc71e21a228ed5c1cbde86?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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What the Fed rate increase means for your credit card bill

NEW YORK (AP) — The Federal Reserve raised its key rate by another quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to ease inflation by making borrowing more expensive.

https://apnews.com/article/federal-reserve-interest-rates-credit-cards-a1a5c342b60b63f45d1a700798b70b3a?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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A key inflation gauge tracked by the Fed slowed in February

WASHINGTON (AP) — The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s yearlong effort to cool price pressures through steadily higher interest rates.

https://apnews.com/article/inflation-prices-rates-federal-reserve-consumer-spending-dbeb41c2898b33d9f5e7cfee3252c228

Key Fed inflation gauge rose 0.3% in February, less than expected

An inflation gauge the Federal Reserve follows closely rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases.

https://www.cnbc.com/2023/03/31/fed-inflation-gauge-february-2023-.html

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Biden pushes econ policy as Trump indictment gets attention

FRIDLEY, Minn. (AP) — President Joe Biden ventured to suburban Minneapolis on Monday to talk about factory jobs and contrast his agenda with “the last guy who had this job.” The “last guy,” as Biden calls Donald Trump, was simultaneously touching down in New York to become the first former president to be arrested.

https://apnews.com/article/biden-investment-budget-clean-energy-2024-campaign-4a7b8a1161f16db5561149e21f941af4

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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US adds a healthy 236,000 jobs despite Fed’s rate hikes

WASHINGTON (AP) — America’s employers added a solid 236,000 jobs in March, suggesting that the economy remains on solid footing despite the nine interest rate hikes the Federal Reserve has imposed over the past year in its drive to tame inflation.

https://apnews.com/article/jobs-unemployment-inflation-layoffs-economy-federal-reserve-40add7d390eca72a0294c8d5c80b2dd6

Yields, expectations for rate hike rise after jobs report

NEW YORK (AP) — Yields rose in the U.S. bond market Friday following a highly anticipated report on the U.S. job market.

https://apnews.com/article/markets-economy-stocks-oil-b589d3770c580992de67a0b9ca7ecdd9

Asian stocks follow Wall Street up ahead of US jobs update

BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday ahead of a U.S. job market update that traders hope might encourage the Federal Reserve to ease off plans for more interest rate hikes.

https://apnews.com/article/stock-markets-banks-rates-recession-b123b54a2436b2afd62fb2a9fad26149

Australia pauses key interest rate at 3.6% after 10 hikes

CANBERRA, Australia (AP) — Australia’s central bank left its benchmark interest rate on hold at 3.6% on Tuesday following evidence that inflation is falling.

https://apnews.com/article/australia-interest-rates-bbf44bf86759b460ee0f26615f2cfc58

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Job growth totals 236,000 in March, near expectations as hiring pace slows

Nonfarm payrolls growth in March was about in line with expectations, but showed signs that the jobs picture is in the early stages of a slowdown.

https://www.cnbc.com/2023/04/07/jobs-report-march-2023.html

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Black Unemployment Tumbled to a 50-Year Low in March

March's unemployment rate for Black workers was 5%, a low not seen since 1972, according to data released Friday from the Bureau of Labor Statistics. That number is a long way from the all-time high of 21.2% in January 1983, which occurred in the aftermath of the early 1980s recession.1 Unemployment rates for Black women were even lower at 4.2%.1

https://www.investopedia.com/black-unemployment-tumbles-to-record-low-7377052?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold

Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday.

https://www.cnbc.com/2023/04/12/cpi-march-2023-.html

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Asian stocks follow Wall St higher as US inflation cools

BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday after U.S. inflation eased in March and China reported unexpectedly strong exports.

https://apnews.com/article/inflation-financial-markets-federal-reserve-system-recessions-and-depressions-business-8c794b440feef64ddf83c32ba0b09929

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Nestlé raises food prices again despite NGO protests

Swiss food manufacturer Nestlé has raised prices 9.8% on average for its products, adding further fuel to arguments that the multinational is profiteering from inflation.

https://www.swissinfo.ch/eng/business/nestlé-raises-food-prices-again-despite-ngo-protests/48461552?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Gross Domestic Product, First Quarter 2023 (Advance Estimate)

Real gross domestic product (GDP) increased at an annual rate of 1.1 percent in the first quarter of 2023 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent.

https://www.bea.gov/news/2023/gross-domestic-product-first-quarter-2023-advance-estimate

Economic slowdown: Five takeaways from the new GDP report

The American economy’s latest report card indicates growth slowed during the first quarter of the year as the Federal Reserve continued interest rate hikes to try and tamp down inflation. 

https://thehill.com/business/economy/3975269-economic-slowdown-five-takeaways-from-the-new-gdp-report/

Is the economy at risk of a recession?

Since early last year, capital markets have grappled with the potential for recession. This is due in large part to efforts by the Federal Reserve (Fed) to in an effort to curb inflation. While the economy slowed significantly after 2021, a recession has yet to emerge.

https://www.usbank.com/investing/financial-perspectives/market-news/economic-recovery-status.html

The Fed announces ninth-straight interest rate hike of 25 basis points—here’s what will get more expensive

As expected, the Federal Reserve announced another 25 basis point interest rate hike on Wednesday, making the benchmark rate the highest it’s been since 2007.

https://www.cnbc.com/2023/03/22/fed-announces-interest-rate-hike-of-25-basis-points.html

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Job openings fell more than expected in March to lowest level in nearly two years

Employment openings pulled back further in March, hitting a nearly two-year low in a sign that the ultra-tight U.S. job market is loosening and possibly putting less pressure on inflation, the Labor Department reported Tuesday.

https://www.cnbc.com/2023/05/02/jolts-march-2023-.html

Inflation and the Labor Market

Today I will offer a progress report on the Federal Open Market Committee's (FOMC) efforts to restore price stability to the U.S. economy for the benefit of the American people. The report must begin by acknowledging the reality that inflation remains far too high. My colleagues and I are acutely aware that high inflation is imposing significant hardship, straining budgets and shrinking what paychecks will buy. This is especially painful for those least able to meet the higher costs of essentials like food, housing, and transportation. Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone. In particular, without price stability, we will not achieve a sustained period of strong labor market conditions that benefit all.

https://www.federalreserve.gov/newsevents/speech/powell20221130a.htm

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Biden hopes strong job market means soft landing for economy

WASHINGTON (AP) — For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears.

https://apnews.com/article/biden-economy-recession-jobs-debt-limit-6011f0ae8710428049d8d6fda47a88c9

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows

Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported Friday.

https://www.cnbc.com/2023/05/05/jobs-report-april-2023-job-growth-totals-25300-in-april.html

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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