Apr 13, 2022 4 min read

CNN Fails, Inflation Peaks

CNN fails, the changing narrative around inflation, and BLM explains their secret $6 million house.
CNN Fails, Inflation Peaks

In Today’s Issue 💬

  • CNN fails
  • The changing narrative around inflation
  • BLM explains their secret $6 million house
  • Some headlines to keep you in the loop

CNN sees massive failure

Background: In late March, CNN announced CNN+, a subscription streaming service that would combine live news coverage, on-demand content, and interviews. They wanted to become the Netflix for news.

Two weeks later: CNN+ is reportedly seeing fewer than 10,000 daily users. According to Axios, $300 million has already been spent promoting the platform, and substantial budget cuts have been panned.

Chris Wallace is "having daily breakdowns" over the “miserable launch” of CNN+. Wants a "CNN show or is threatening to walk" they go on. "He is having staffers count how many times a day his promo is playing.”

After Trump left office, CNN lost nearly 50% of its target audience during prime-time hours.

Changing narrative—what we’ve been told about inflation

July. 2021—Inflation 5.4%: "Biden says inflation temporary; Fed should do what it deems necessary for recovery," Reuters.

Dec. 2021—Inflation 7.0%: "Biden says he thinks it's 'the peak' of inflation crisis," CNN.

Jan. 2022—Inflation 7.5%: "Inflation has everything to do with the supply chain, says President Biden," CNBC.

Early Mar. 2022—Inflation 7.9%: "House Democrats take aim at corporate greed during inflation hearing," The Hill

Late Mar. 2022—Inflation 7.9%: "Biden blames ‘Putin’s price hike’ for inflation spike," The Hill

Today—Inflation 8.5%: "Blaming President Joe Biden for inflation is a Putin talking point," White House Advisor

Big picture: The Biden administration continues its trend of shifting blame as inflation peaks and Americans take the hit.

Why did Black Lives Matter secretly buy a $6 million house?

Background: The Black Lives Matter organization has recently received many accusations of corruption. Connecticut, Indiana, Maine, Maryland, New Jersey, New Mexico, North Carolina, and Virginia have all revoked Black Lives Matter charitable registration.

Recent corruption: Last year, a co-founder resigned after it was revealed that they had spent millions on real estate across the US. The organization transferred millions to a Canadian charity run by the wife of a co-founder to purchase a $6.3M mansion in Toronto. In addition to all that, they failed to file taxes properly and disclose how they spent their money. Read more here.

Now: The founders of BLM gathered to talk about the organization's difficulties last year. They did it in a house “with more than 6,500 square feet, more than half a dozen bedrooms and bathrooms, several fireplaces, a sound stage, a pool, and bungalow, and parking for more than 20 cars, according to real-estate listings.” They are now saying that the property will be used to “cultivate joy” and as a communal space for artists.

Covering it up: The house transaction was not previously reported. After journalists started digging into the new property, BLM leadership attempted to “kill the story” and cover it up.

🔥 In Other News

👶 Pro-life Oklahoma: Oklahoma Gov. Kevin Stitt signed a bill into law on Tuesday that makes it a felony to perform an abortion, punishable by up to 10 years in prison, as part of an aggressive push in Republican-led states across the country to scale back abortion rights.

💪 Boycotting Etsy: Starting today, more than 14,000 Etsy sellers will strike as the platform increases its transaction fees from 5% to 6.5%.

🇺🇦 More for Ukraine: President Joe Biden's administration is expected to announce as soon as Wednesday another $750 million in military assistance for Ukraine for its fight against Russian forces, two U.S. officials familiar with the matter told Reuters.

🚔 Subway shooting: A madman disguised as a construction worker turned a Brooklyn subway car into a bloodbath during the early morning rush Tuesday, setting off smoke bombs before opening fire and wounding 29. The suspect was on the FBI's terrorist radar in New Mexico until 2019.

🚛 Truckers protesting Texas Gov. Abbott: One of the busiest trade ports on the U.S.-Mexico border remained closed Tuesday as frustration and protests mounted over new orders by Gov. Greg Abbott requiring extra inspections of commercial trucks part of his border security operation.

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