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When the great Kenan Thompson put on his Santa Claus suit to hear Christmas wishes from children, he didn’t expect the unseasonal and uneasy questions they’d pose about the most troubling recent news events.

These kids want to know about Franken, Moore, and Trump — and even Matt Lauer’s “toys.” And they’ve drawn an unwholesome lesson: “If you admit that you did something wrong, you’re in trouble. But if you deny it, you get to keep your job!”

In the end, Santa’s elf Kate McKinnon offers an uplifting message to brighten the SNL cold open. Things will get better — but maybe not for another 3 years, 42 days and 24 minutes.

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For a long time, inflation has been the phantom of the American economy: often expected but never seen. But the latest Consumer Price Index, which showed that prices rose by five percent from May of last year to May of this year, raises fears that it is breaking down the front door and taking over the guest room.

The price jump was the biggest one-month increase since 2008. It appears to support the warning of former Treasury Secretary Larry Summers, who wrote in February that President Joe Biden's budget binge could "set off inflationary pressures of a kind we have not seen in a generation." Senate Republican leader Mitch McConnell charged last month that the administration has already produced "raging inflation."

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