The end of the Fourth of July weekend arrived with a blast of troubling economic developments as bonds flashed signs of a coming recession and oil prices plunged, suggesting that millions of consumers who have spent more than a year rocked by rising prices could face even more upheaval.
Tuesday’s events suggest that gasoline prices could be poised for a sharp descent, though there could be a multi week lag. While the U.S. average has pulled back from its June peak above $5 a gallon, further declines might not be of much consolation to consumers because they could run into an economic downturn that further pressures stocks and could spill into the labor market.
Arizona already lost a Supreme Court Case that mandated proof of citizenship in their state to vote. Now, they are working on an end-around to mandate a citizenship test for people voting by mail, which 70+% of their citizens do.
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