July 16, 2021
"Stand fast therefore in the liberty by which Christ has made us free, and do not be entangled again with a yoke of bondage." 
Galatians 5:1
Market Recap

For the week, the DJIA lost 182.31 points, or 0.5%, to close at 34,687.85; the S&P 500 fell 42.39 points, or 0.97%, to finish at 4,327.16; the NASDAQ dropped 274.68 points, or 1.9%, to end at 14,427.24.

President Joe Biden does not yet have enough support from fellow Democrats to secure $400 billion in spending for at-home care for the elderly and disabled that the economy desperately needs, Commerce Secretary Gina Raimondo told Reuters.

The European Union has agreed to delay a corporate tax plan for the bloc following pressure from the U.S. administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.

U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum.

The consumer price index increased 0.9% last month after advancing 0.6% in May, the Labor Department said on Tuesday. Year to year, the CPI jumped 5.4%, the largest gain since August 2008, following a 5.0% increase in the 12 months through May.

U.S. Federal Reserve Chair Jerome Powell faced sharp questions about inflation and banking regulation in a hearing before the Senate Banking Committee on Thursday, issues likely at the forefront of his possible renomination to the top Fed post.

A strengthening U.S. economy was spinning off broad-based job gains through early July that were particularly strong for lower-skilled occupations, the Federal Reserve reported Wednesday, but prices were also strong, rising "at an above-average pace."
The number of Americans filing new claims for unemployment benefits fell to a 16-month low last week as the labor market gains traction, but worker shortages and bottlenecks in the supply chain are frustrating efforts by businesses to ramp up production.

U.S. import prices increased solidly in June as bottlenecks in the global supply chain persisted.

Output at U.S. factories unexpectedly fell in June as motor vehicle production dropped amid an unrelenting global semiconductor shortage. Manufacturing, which accounts for 11.9% of the U.S. economy, is being supported by massive fiscal stimulus, low interest rates and continued strong demand for goods even as spending is shifting back to services.

Federal Reserve Chair Jerome Powell on Thursday said he had not made up his own mind on the pros and cons of a central bank digital currency, but he would want authorization from Congress before taking any action to create one.

U.S. Senate Minority Leader Mitch McConnell said on Thursday all Republicans in the chamber will vote no on a potential $3.5 trillion budget bill.

The White House on Thursday said it would support efforts to include a pathway to U.S. citizenship in a separate reconciliation bill being pushed by Senate Democrats, saying it was up to lawmakers to hammer out the final package.


Friday Recap: Wall Street Closes Lower Following Slip in Consumer Sentiment Data

Wall Street's main indexes fell on Friday, with growth and value stocks falling as investors turned risk-averse towards the end of the week, while gains in defensive parts of the market kept declines at bay.
The Biden administration on Friday issued an advisory to warn U.S. businesses about risks to their operations and activities in Hong Kong after China's imposition of a new national security law there last year.
The unemployment rate fell in seven US states in June and rose in three, according to data released by the Bureau of Labor Statistics Friday.
U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services, supporting expectations that economic growth accelerated in the second quarter.
U.S. consumer sentiment fell sharply and unexpectedly in early July to the lowest level in five months as inflation worries dented confidence in the economic recovery, a survey showed on Friday.
Applications to start new U.S. businesses dropped sharply in June, falling for the first time since February.
The U.S. economy has moved past the peak in growth and inflation, BofA said on Friday, as it cut its gross domestic product forecast for this year.
U.S. President Joe Biden will reappoint current Federal Reserve Chair Jerome Powell for a second four-year term starting February next year, according to an overwhelming majority of economists polled by Reuters this week.
U.S. Treasury Secretary Janet Yellen will meet with regulators next week to discuss "interagency work" on stablecoins, a rapidly growing class of digital currencies, Yellen announced on Friday.
Energy, financials and industrials led declines among the 11 major sector indexes by afternoon trading today. Technology stocks also fell on Friday, while defensive utilities, consumer staples and real estate gained. West Texas Intermediate crude climbed by 0.5% to $71.92, reversing an earlier drop of 0.9%.
The US 10-year yield rose by 1.2 basis points 1.31%. In the metals markets, gold, silver and copper were all down.
The Dow Jones Industrial Average fell 299.17 points, or 0.86% to 34,687.85, the S&P 500 lost 32.87 points, or 0.75%, to 4,327.16, and the Nasdaq Composite was down 115.896 points, or 0.80%, to close at 14,427.24.
For the week, the DJIA lost 182.31 points, or 0.5%, to close at 34,687.85; the S&P 500 fell 42.39 points, or 0.97%, to finish at 4,327.16; the NASDAQ dropped 274.68 points, or 1.9%, to end at 14,427.24.

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Why Do They Want to Bury This Story?
The media, Big Pharma and Big Government don't want you to hear this medical doctor's story. Read on to find out why.…

Mat Staver, Founder & Chairman, Liberty Counsel
Danice Hertz, M.D., has practiced in the same local hospital for years. As a medical doctor, Dr. Hertz has received vaccines all her life. She "believed the science" and was among the first to "do her part" to end the pandemic by taking the Pfizer COVID jab.

On Dec. 23, 2020, Dr. Hertz received her first dose of the Pfizer shot at the hospital where she had worked for years. By the time she walked to her car--15 minutes or so--her face tingled painfully like a burn. By the time she reached her home under an hour later, she thought she was going to faint. Someone called 911, and paramedics arrived to find her blood pressure sky high. She was advised to rest at home.

By the next day, the burning and tingling had turned into full-scale paresthesia--her skin felt like it was constantly on fire. New symptoms had developed…(READ MORE)
Dan Celia Encourages Americans to Get Behind Cuban Nationals' Fight for Freedom
The regime is also using arbitrary police violence and internet outages as a way to stop protesters from communicating... 
Michael Cardinal, FISM News
As the situation in Cuba heats up with protesters taking to the streets and demanding a change in the communist country, radio and television host Dan Celia encouraged the American citizens to do our part to “get behind this [movement]” on his show on Monday.

He encouraged listeners to begin “calling your Democratic senator in your district, and …[to] write your Republican senator in your district” to demand that the American government supports the people of Cuba. He also warned about the possibility of the Biden administration reverting back to Obama era policies in which America loosened restrictions on the country. He warned that these pro-Cuba policies would not help the people of the country, but would instead bolster the Communist…(READ MORE)
Offensive Bugs Must Be Renamed According to Entomological Society
These problematic names perpetuate harm against people of various ethnicities and races, create an entomological and cultural environment that is unwelcoming...
Karley Cicale, FISM News
It does not take an expert to realize that bugs are a nuisance. From mosquitoes, to gnats, to stink bugs, they daily invade our space and sense of peace. However, it appears it now requires an expert to help us see that bugs are culturally offensive. No need to worry, the Entomological Society of America is stepping up to right this wrong as soon as possible – and they’re looking for your help.

The Better Common Names Project invites submissions through an online form for suggestions to replace the “racist” common names of many species. Creatures such as the gypsy moth, gypsy ant, Mexican ricer borer, Texas citrus mite, African mole cricket, and Chilean recluse spider will no longer be…(READ MORE)
Florida Protestors Block Traffic, Call on Biden to Help Cuba
“Joe Biden should help us. That’s what we are here for, asking for the White House to pronounce in favor of the people of Cuba.” 

Samuel Case, FISM News
Protestors in southern Florida disrupted traffic on Tuesday when a large group demonstrated in the streets of Miami, stopping a section of the Miami Dade highway, with demands that President Biden help the Cuban people in their ongoing protest against their communist government.

According to NBC Miami the protesters were waving the Cuban flag while shouting “Libertad” or “Freedom” and proceeded to sit down and block traffic at the Palmetto Expressway. Police were forced to direct traffic off the highway to alleviate the growing traffic jam.

The protestors violated Florida’s ‘anti-riot’ law which says anyone who…(READ MORE)
Chicago Public Schools Providing Condoms on Most Campuses, Even Elementary Schools
Hopefully, those parents who believe in upholding a biblical worldview in Chicago will fight against this…
Seth Udinski, FISM News
The utter depravity of man continues to show itself in the 21st century, most recently in the public school system. Once again, the sexual revolution is on the move, and once again, the target is children.

In the last several weeks, the Chicago Public School (CPS) Board of Education announced that it will be providing condoms for any students in the 5th grade or higher. That means that these sexual/reproductive items will now be found for use in elementary schools in the Chicago area.

This is shocking news, yet one which…(READ MORE)
Amazon to Introduce New Sleep Tracking Device
…people have grown increasingly wary of the way tech giants like Amazon use personal data that they record through their products
Justin Bullock, FISM News
Amazon has developed a new sleep tracking technology which was approved by the Federal Communications Commission (FCC) on Friday. Amazon initially filed a request for waiver with the FCC in order to get the new device licensed and the FCC gave its approval on July 9, 2021.

According to the waiver request, Amazon has indicated that the technology will track users’ movements with radar while they sleep.

This venture joins a number of others from Amazon as they look to move into the technological health monitoring business, seeking to compete with the top dogs in the space, Apple and Google. This technology resembles a number of similar technologies that monitors sleep, however it appears that Amazon’s radar technology will be the most sophisticated and advanced of any on the market thus far. In addition, the technology seems to have application beyond simply tracking a person’s sleep. Amazon has indicated that the technology may also be useful in…(READ MORE)
Radio Host Larry Elder Joins California Recall Election
…while Elder has confidence in his ability to run, he faces a myriad of candidates.

Ian Patrick, FISM News
Former lawyer and conservative radio host Larry Elder announced on his show yesterday that he will be joining the somewhat crowded recall election in California.

In his announcement, Elder mentions that he was asked to run by fellow radio host and conservative icon Dennis Prager as well as a number of other prominent figures. Elder himself showed reluctance until he could not stand what he called the “egregious” behavior of current governor Gavin Newsom.

Elder also brought up a number of issues that he believes are not being handled correctly, or even given any attention…(READ MORE)
FDA Requires New Warnings on J&J Vaccines
Guillain-Barré syndrome is a neurological disorder that results in the immune system attacking nerve cells.
Justin Bullock, FISM News
Following an Israeli study showing that the Pfizer COVID-19 vaccine is less effective against the COVID-19 Delta variant, the FDA has issued a new warning regarding side effects for the Johnson & Johnson COVID-19 vaccine. The warning is in response to the emergence of 100 cases of Guillain-Barré syndrome in vaccine recipients. J&J released a statement about the matter which can be found here.

The CDC and FDA said that the observed cases of Guillain-Barré syndrome connected to the J&J vaccine most frequently impact men over the age of 50. No causal link has yet been established and the number of cases so far…(READ MORE)
Biden Declares that Election Integrity Laws are the "Most Significant Test of our Democracy Since the Civil War."
Republicans assert that the reason these voter integrity laws are necessary is because of the massive way that the elections changed due to pandemic measures.
Michael Cardinal, FISM News
From the Constitution Center in Philadelphia, Biden used strong hyperbole to decry conservative voting reform laws that have been passed in 17 Republican-led states.

He used one of the Democrats most recently used tag lines, calling voter integrity legislation the "new Jim Crow laws." However, he then took it a step further by declaring that the country was "facing the most significant test of our democracy since the Civil War."

Biden's impassioned speech seemed set to purposefully stir up an already volatile American public, painting conservatives who desire to ensure a fair election as "un-patriotic" and "suppressive," But his choice of imagery didn't stop there. He also sought to shame…(READ MORE)
EU Launches New Climate Plan
Shifting from emission cuts, the plan also aims to create something known as the Social Climate Fund.
Ian Patrick, FISM News
European Union (EU) officials on Wednesday announced a new action plan intent on making their respective countries more “green” in what they see as the fight against climate change. EU Commission President Ursula von der Leyen made the announcement during a press conference presenting what is known as the European Green Deal.

The detailed plan has a central goal for all 27 member nations of the EU to cut their greenhouse gas emission levels recorded in 1990 by 55% by the year 2030. As of right now, the EU has cut their 1990 emission levels by 24%, and it plans to have net zero emissions by the year 2050 if all goes…(READ MORE)
BLM Sides with Cuba's Communist Government; Blames US for Cubans "Pain and Suffering"
…what would truly be an act of standing in solidarity with the Cuban people would be for the US government to take action to ensure that the people's voice is being heard.

Michael Cardinal, FISM News
In a statement released on the official Black Lives Matters Instagram page, the organization took a stand with the communist government of Cuba and condemned the U.S. government for being "inhumane."

This should come as no surprise, as the BLM movement was founded upon Marxist ideologies. The three founders of the group are all avowed Marxists and are tied to many communist organizations, a fact that many who follow the organization are unaware of.

In the statement, they put the blame on America for the "pain and suffering" that the people of Cuba have faced since 1962, saying…(READ MORE)
Democrats Reveal $3.5 Trillion 'Human Infrastructure' Budget Bill
Democrat unity is especially crucial for this effort as it is intended to be passed under budget reconciliation in the Senate.
Ian Patrick, FISM News
Facing stiff opposition from Republicans on his $4 trillion infrastructure pet project plan, President Biden got a boost from his Democrat colleagues on Tuesday with the announcement of a new $3.5 trillion “human infrastructure” plan.

The plan is intended to be added to a separate bipartisan infrastructure effort which currently totals $1.2 trillion. This bill which includes $600 billion of new spending, is an effort from both Republicans and Democrats to appease the actual infrastructure part of Biden’s American Jobs Plan while trying to avoid what they see as unnecessary parts of the bill .

Senate Majority Leader Chuck Schumer (D-NY) said that the plan, when combined with…(READ MORE)

A Moment in History: The Battle of Hattin
This was the turning point of the Crusades and of Christian dominance in Jerusalem.
Seth Udinski, FISM News
Often in history, there are certain ”continental divides,” as we might call it, where something happens that forever changes the course of that history. Let’s examine one tonight, as we travel across the Atlantic and the European continent to the Holy Lands and the city of Jerusalem. We will explore arguably the most devastating Christian loss of the Crusades, the Battle of Hattin in 1187. (WATCH VIDEO)
Biden: 'Communism is a Failed System'
…they failed to attack the moral evil of communism and the mass slaughter at its hands from the 20th century onward.
Samuel Case, FISM News
During a press conference with Germany’s Chancellor Angela Merkel, President Joe Biden called out the Cuban regime’s communist ideology.
The President described communism as “a failed a system, a universally failed system,” adding “I don’t see socialism as a very useful substitute, but that’s another story.” Biden also said the U.S. has been working on plans to send COVID-19 to Cuba and is considering the possibility of restoring the Cuban people’s access to the internet, an idea supported by Cuban protest advocate Senator Marco Rubio (R-FL).
The White House has been slow to mention the communist philosophy as the heart of Cuba’s oppression. Biden’s original statement on the protests in Cuba was silent on communism and…(READ MORE)
Cubans Protest Communist Government, Biden Responds
…attributing the protests to concern over “rising COVID cases/deaths & medicine shortages,” rather than the nation’s oppressive government.
Samuel Case, FISM News
Thousands flooded the streets across multiple cities in Cuba on Sunday to demand their freedom from the oppressive control of its communist government and also called for food and COVID-19 vaccines. Video footage showed protesters taking control of a communist party office, flipping over police vehicles, and others shouting “freedom” and “liberty” while waving American flags.

Cuban President Miguel Diaz-Canel addressed the situation saying, “We are not going to hand over the sovereignty or the independence of the people.” Many of the protestors are calling for the president’s resignation, shouting “Diaz-Canel step down.” President Diaz-Canel claims the protests are a result of U.S. sanctions, which increased economic hardship…(READ MORE)
Ark Encounter in Kentucky Will Expand to Include Tower of Babel Exhibit
According to Genesis 11, this is how various languages were formed, and this is how God scattered the peoples over the whole earth.
Seth Udinski, FISM News
The Ark Encounter, a Kentucky-based life-size replica and museum of Noah's ark from the book of Genesis, is attempting to expand. Ken Ham, founder of the Answers In Genesis organization, commissioned the Ark Encounter five years ago as a way for people to learn about the Genesis flood and the Ark narrative in a hands-on way. The museum has also proved to be a source for apologetically defending the truth claims of the Bible. The Ark Encounter is recovering after a slow period during the pandemic, with thousands visiting every day.

Last week, the organization announced that it is adding a "Tower of Babel" attraction. Answers In Genesis will begin raising money for the attraction soon, with a target goal to open in...(READ MORE)
CDC Updates Guidelines for In-Person Schooling
Other guidelines follow common sense, such as suggesting students and staff stay home if they exhibit any symptoms of sickness...
Ian Patrick, FISM News
After the confusing 2020-2021 school year filled with at-home and hybrid instruction, and with parents overwhelmingly supporting in-person attendance near the end of the academic year, the U.S. Center for Disease Control (CDC) has updated its guidelines once again for schools nationwide. The updates from July 9 are meant to encourage schools to reapply in-person teaching for the upcoming school year.

In their updated guidelines for Kindergarten to 12th grade schools, the CDC notes something that many parents and teachers seemed to understand from the beginning: “students benefit from in-person learning.” With this in mind the CDC loosened many…(READ HERE)
Nine States Reduce Income Tax to Promote Economic Growth
…tax cuts achieve the same benefits of governmental spending but avoid the disadvantages.
Justin Bullock, FISM News
As the US emerges from the pandemic, politicians and economic policy experts are trying to devise the most effective way to recover the nation’s economy. As a result, at least nine states are reducing their income tax in order to generate economic recovery and growth. This is an ironically new strategy as, up to this point, economic stimulus during the pandemic has primarily been sought through massive government spending.

Arizona is the latest state to reduce its income tax on residents, moving to a flat tax rate of 2.5%. This will save each Arizonian tax payer $340.00 on average. Ohio, Idaho, Oklahoma, Iowa, Louisiana, Missouri, Montana, and New Hampshire have also reduced their income tax by various amounts. North Carolina and Wisconsin are considering following suit as well.

Typically, economists prefer tackling stimulus through tax reform and reduction as it provides many of the same benefits as governmental spending without incurring…(READ MORE)
Florida Doctor Arrested for Suspected Role in Haiti Assassination
Sanon has an active YouTube channel where he posted videos discussing the “corruption of politics” in Haiti...
Michael Cardinal, FISM News
On Sunday, Haitian authorities announced that they had arrested 63-year-old Christian Emmanuel Sanon, a Florida based Haitian man, who they believe to be one of the masterminds behind the July 7 assassination of President Jovenel Moise.

Sanon is reported to have flown into the country in June and had hired the several of the 26 Colombian suspects that carried out the assassination as a personal security detail. Eighteen of the Columbian suspects have been arrested along with two other Haitian-Americans who claim to have only been interpreters for the mercenaries.

Haiti’s National Police Chief Léon Charles told the press that Sanon had plans to take over as the president of the Caribbean country, which could be the possible motive…(READ MORE)
Study Shows Massive Spike in Police Resignation Within Western U.S. Cities
…responsibility for retaining officers largely falls at the feet of the local police departments, particularly in handling discipline among officers..
Samuel Case, FISM News
new study, conducted by University of Nebraska Distinguished Associate Professor of Criminology Justin Nix and University of Utah PhD candidates Scott Mourtgos and Ian Adams, suggests that voluntary resignation among police officers within large police departments in the Western United States, “increased by 279%” after last year’s anti-police riots and protests. The study predicts that the high rate of turnover in police departments will continue for the foreseeable future, which has the potential to “ripple across communities for years into the future.”

The study’s conclusion warned that “the increased loss of officers to resignation is not easily remedied through recruitment, and places significant budgetary pressure on the agency…(READ MORE)
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The FISM (Financial Issues Stewardship Ministries) is the home of the program Financial Issues with Dan Celia. Celia focuses on financial headlines, investing, politics and encourages people to be thoughtful stewards of the money God has entrusted to them. Financial Issues is a live call-in radio and TV program heard and watched internationally.

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