Good morning, this is the Chocolate Knox with your CrossPolitic Daily News Brief for Friday, April 1st 2022, APRIL FOOLS! Get it? I’m not the Chocolate Knox… I’m white! Today, you’ll hear about prices continuing to go up across the board, a Florida teacher, says she’ll break the law in order to keep secrets about sexuality from parents, creepy, CNN finally admits there is a real chance Hunter Biden could be indicted, and we check in on our college brackets with March Madness. 
 
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Americans should budget an extra $5,200 this year to cover rising prices, Bloomberg economists estimate
 
https://www.businessinsider.com/inflation-cost-americans-5200-extra-food-gas-energy-prices-bloomberg-2022-3
 
Americans haven't had to worry too much about factoring inflation into their budget for the past four decades. That's changing in 2022.
 
The red-hot inflation expected to last throughout the year will leave the average US household spending $5,200 more compared to the year prior, Bloomberg economists Andrew Husby and Anna Wong said in a Tuesday article. That boils down to an extra $433 per month on the same goods and services as last year.
 
Strong wage growth and excess savings from earlier in the pandemic will help soften the blow, but looming economic trends stand to worsen the inflation problem over the next several months, the team said.
 
The estimate offers yet another bleak characterization of this year's sky-high inflation. Closely-watched inflation gauges like the Consumer Price Index have already shown prices soaring at the fastest pace since 1982. Inflation-adjusted wage growth was negative for most US workers last year, meaning their buying power weakened despite salaries rising at a historic pace. The economy is healing, but skyrocketing prices are making the recovery painful for nearly all Americans.
 
Food and energy costs, which includes gasoline and home heating, account for $2,200 of 2022's inflation, the economists said. That's poised to hit low-income Americans the hardest. Such households have the least savings to cushion against rising prices, and wage growth is expected to slow through the year as more people return to the job hunt. Even if the cohort's average wages climb a healthy 10% in 2022, food and energy inflation could fully offset their pay growth, the Bloomberg economists said.
 
Recent world events could drive the projected price tag even higher. Russia's invasion of Ukraine has already lifted food and energy prices and thrown new headwinds at global supply chains. If the conflict lingers, it could further stoke inflation.
 
Bloomberg estimates, in a downside scenario, prices for crude oil could climb as high as $160 per barrel. Separate estimates suggest that would lift the US average gas price above $5 per gallon. The nationwide average stood at $4.24 as of Tuesday, according to AAA, a level that's already near record highs.
 
The government as always is on top of things aren’t they? Well, Ron Desantis is certainly trying to be, with his anti-grooming bill. Gabe and I have touched on this with our recent news briefs, but today, 
 
a Florida teacher said she’ll break the law to keep secrets about sexuality from parents… take a listen: 
 
https://pjmedia.com/news-and-politics/megan-fox/2022/03/29/florida-teacher-says-shell-break-the-law-to-keep-secrets-