Zerohedge

In a new high level interview given to Axios’ Jonathan Swan, Pakistani Premier Imran Khan issued a blunt message to Washington as it struggles with the deteriorating security situation amid the Afghan draw down, which Biden has vowed to accomplish before Sept.11.  Khan has definitively ruled out allowing the United States to set up CIA bases on Pakistani soil to conduct cross-border operations. “Will you allow the […]

Have a smart thermostat at home? Better keep an eye on it – especially if you live in Texas. That’s because some residents of the Lone Star state have been claiming that someone has been turning up the temperatures at their homes, remotely, at the same time the state is undergoing an energy shortage.  And while the Electric Reliability Council of Texas has asked Texans to turn up the […]

Authored by Techno Fog via The Reactionary, This is the story of how the FBI framed four innocent men for murder, destroyed families, and tried to cover it up. It’s also the story of the convergence of John Durham and Robert Mueller: how Durham uncovered the FBI’s crimes and how Robert Mueller’s FBI disputed the innocence of the men the FBI framed. The FBI knocked and […]

Authored by Tom Ozimek via The Epoch Times (emphasis ours), More than 50 House GOP lawmakers called on President Joe Biden to relieve Vice President Kamala Harris of her duties in handling the U.S.–Mexico border crisis. President Joe Biden delivers remarks as Vice President Kamala Harris stands by in the East Room at the White House on May 10, 2021. (Kevin Lamarque/Reuters) The Republicans, as they […]

Authored by Tom Ozimek via The Epoch Times (emphasis ours), A recent pre-print review based on peer-reviewed studies has found that using antiparasitic drug ivermectin could lead to “large reductions” in COVID-19 deaths and its use could have a “significant impact” on the pandemic globally. A health worker shows a bottle of Ivermectin as part of a study of the Center for Paediatric Infectious Diseases Studies, […]

Authored by Victor Davis Hanson via AmGreatness.com, The Democratic Party won the long march through journalism, but this Pyrrhic victory has meant the destruction of every principle of journalistic integrity liberals ever claimed to champion… In American journalism, there are supposed to be some clear, nonnegotiable third-rails.  One is zero tolerance for overtly racist language and comportment among our movers and shakers. Reporters, for example, for […]

Authored by Jack Phillips via The Epoch Times, The left-wing campaign to pressure Justice Stephen Breyer to quit the Supreme Court will backfire, said Harvard Law professor emeritus Alan Dershowitz. Over the past several months, progressives in Congress and left-wing opinion piece writers have increasingly called on Breyer—who is part of the Supreme Court’s liberal wing—to step down due to his age after the justice publicly rebuffed proposals to “pack,” […]

Authored by Aden Tate via The Organic Prepper blog, Yet another consequence of 2020 was the growth of public surveillance (aka Big Brother state) disguised under the umbrella of COVID. When you can convince a populace it is dangerous for them to be unobserved, you create the mindset that public surveillance is for the good of all.  Big Brother is bigger than ever I work within the security industry. […]

The ongoing global semiconductor shortage is causing prices of electronics to rise while at the same time pressuring suppliers and material providers to continue raising prices. In the midst of the shortage, demand for consumer electronics has continued to rocket higher.  Ergo, industry officials believe that the increases are likely to continue, according to a new Wall Street Journal report. The effects can be easily seen […]

Though it hasn’t garnered nearly as much attention as the occupation of Lower Manhattan’s Zuccotti Park, which was widely recognized as the genesis of the “Occupy Wall Street” movement that exploded in the years after the financial crisis, the occupation of Washington Square Park has shown no signs of slowing down, even with the Big Apple’s crowded mayoral primary just one day away. Some have even […]

The UK’s vaccine watchdog is “closely monitoring” claims that 4K+ women have suffered period problems after receiving the COVID-19 jab. While side effects like sore arms, lethargy, soreness and muscle aches are included in warnings about potential drawbacks of receiving the vaccine, there are no warnings about period-related complications. Nowhere are period irregularities listed as a potential side effect of vaccination, so British regulators are trying […]

The Hubble Space Telescope remains offline as efforts by NASA to bring its payload computer back online have failed.  NASA revealed the 31-year old space telescope had its payload computer “halted” on June 13 at 1600 ET. It’s been more than a week since the low Earth orbit telescope, orbiting at an altitude of 340 miles, has been offline, even though NASA personnel have tried on multiple […]

Traders of a certain age may recall that back in 2013, around the time the Fed’s “Taper Tantrum” sparked a surge in yields and led to a risk asset selloff, a big (if entirely artificial) debate emerged within financial media, where the Fed muppets and their media puppets would argue that “tapering is not tightening” while anyone with half a brain realized knew that this was […]

Last week ended this way… So someone had to do something! h/t Japan’s Plunge Protection Team stepped in to rescue markets overnight as The Bank of Japan purchased 70.1b yen of ETFs Monday after the Topix declined by 2.5% in morning trading. That was the first “intervention” since April 21st… Then The White House called America’s Plunge Protection Team in, as Fed Speakers unleashed their double-talk, […]

Via AdventuresInCapitalism.com, Wednesday afternoon, there was a press conference. Some dots were moved about on a piece of paper and JPOW threatened a few basis points of yield in a year or two. I didn’t bother to tune in because I had a hunch that nothing would happen. I was correct. Absolutely nothing happened at the meeting. If not for the price action in some securities […]

Sweden’s centre-left Prime Minister Stefan Lofven was ousted in a no-confidence vote in parliament on Monday, plunging the country into deep political uncertainty. Lofven, 63, was the first Swedish prime minister to be ousted by a no-confidence motion put forward by the opposition in the European Union member state of about 10 million people. Lofven, who as Reuters notes was defeated after nearly seven years in […]

Authored by Bruce Wilds via Advancing Time blog, Economic Evolution Turns Many Comparisons Obsolete The financial system has entered uncharted waters and it would be wise to take nothing for granted. To assume the economy will move forward without a glitch in such an environment is  extremely optimistic. With time, things change and evolve, this transformation can be seen in both society and the economy. We […]

If last week the broader market was hammered with one big question mark over the viability of the reflation trade, someone forgot to tell oil with Brent today surging just shy of $75/bbl, the highest level since 2018… … facilitated by the ongoing failure of the Iran nuclear talks to reach a deal (which is widely expected to boost global oil output), although bullish sentiment was […]

Authored by Steve Watson via Summit News, Likely expecting a softball interview on CNN Sunday, Joe Biden’s national security advisor surprisingly found himself having to dodge questions about what action will be taken to pressure China to co-operate with investigations into the origins of the coronavirus pandemic. CNN host Dana Bash asked Jake Sullivan to explain what will be done to force the communist government in China […]

Authored by Lance Roberts via RealInvestmentAdvice.com, There is a zero to a negative multiplier of debt on economic growth. The recent spending spree of the Government to facilitate a transition to a socialistic economy is problematic. “The scale and scope of government spending expansion in the last year are unprecedented. Because Uncle Sam doesn’t have the money, lots of it went on the government’s credit card. […]

As The PPT heads to The White House, Friday’s plunge in stocks and bond yields is magnificently erased ahead of a smorgasbord of FedSpeak this week… Nasdaq is lagging but Dow and Russell 2000 are roaring higher this morning… …and along with the S&P have erased Friday’s ‘Bullard Bomb’ drop… And yields are surging off overnight lows, erasing Friday’s plunge also… “Financial Stability” restored! Source link

Iranian negotiators in Vienna confirm that they plan to continue pressing toward a deal after Iran’s presidential election weekend, which saw ultraconservative judiciary chief Ebrahim Raisi emerge victorious: “we’ve reached a clear text on all the issues and what remains requires the decision of all parties. It’s not unlikely that the next round of talks will be the last,” the foreign ministry optimistically stated. But this has been the constant refrain […]

Two weeks after Microstrategy announced that it was selling the first ever batch of $400 million in (subsequently upsized to $500 million) junk bonds (6.125% coupon due 2028; by comparison, the average junk bond yields just about 4%) for the sole purpose of buying bitcoin, earlier today MSTR CEO Michael Saylor confirmed that the transaction had been consummated with the company buying 13,005 bitcoin at an […]

Did President Joe Biden just call an emergency meeting of the PPT? Bloomberg reported Monday morning that Treasury Secretary Janet Yellen and a coterie of senior financial regulators have been summoned to a meeting with President Biden at the White House following last week’s selloff, which marked the worst week for the Dow in eight months. Federal Reserve Chief Jerome Powell, Treasury Secretary Janet Yellen, Acting […]

US equity futures and global stocks recovered some of their Friday losses after hitting a four-week low earlier in Monday’s session, as investors dipped their toe and bought risk after last week’s surprise hawkish shift by the Fed even as the dollar hovered below a 10-week high. S&P 500 futures rebounded after spending most of the Asia session in the red, while Europe’s Stoxx 600 Index […]

Bitcoin, ether and most other crypto tokens tumbled to their lowest levels in more than a week Monday morning as more FUD out of China appeared to rattle traders. To wit, bitcoin, the biggest cryptocurrency by market valuation, touched its lowest level in more than two weeks as Bloomberg reported that authorities in the Chinese city of Ya’an had promised to root out all bitcoin and […]

By Nick Colas of DataTrek Research This week’s Story Time Thursday is about “Patience”, and I (Nick here …) will start with a brief anecdote from my time at SAC Capital back in 2000: Just after the peak of the dot com bubble in March, it was not immediately clear which way the US equity market was headed. Many thought the momentum would return soon enough. […]

So much for those “positive” and “constructive” talks between Joe Biden and Vladimir Putin in Geneva just days ago… on Sunday the White House indicated it’s preparing a new package of sanctions on Russia over the “poisoning of Alexei Navalny” – who remains in a prison outside of Moscow serving a sentence from a prior embezzlement and parole violation charge.  “We are preparing another package of […]

Authored by Mike Shedlock via MishTalk.com, A climate change referendum in Switzerland just went down in flames led by 18-34 year old voters… Swiss Reject Climate Change Eurointelligence reports Swiss Reject Climate Change After Switzerland dropped its negotiations with the EU, the country has now rejected a climate-protection law in a referendum. Concretely, they rejected all three parts of the law in separate votes: on CO2, on […]

Packing up a whole capital and moving it to a new location might seem like a daunting task, but, as Statista’s Katharina Buchholz details below, some countries have actually tackled the undertaking in the past and one more is planning a move for the future. A recent change of capital was the move of the German government and administration from Western city Bonn to Berlin upon Reunification in […]

Authored by Joaquin Flores via The Strategic Culture Foundation, The only thing left to destroy in a world populated by elites alone, are other elites. It would seem that the desire to dominate others does not simply come to an end on its own. With the UN World Food Program announcing that some 270 million people worldwide now face starvation, the ongoing debate about the real aims […]

Most of the media and politicians of all stripes were apoplectic that President Biden sat down with his Russian counterpart without wrestling him to the ground or pounding him. The reaction by US elites – from Trump to CNN – to the largely successful summit tells us everything that’s wrong with US foreign policy. We also highlight that Biden does say the stupidest thing ever at the […]

Authored by Winnie Han and Jennifer Zeng via The Epoch Times, Chinese authorities are ramping up security measures around the country, especially in the capital city of Beijing, ahead of the Chinese Communist Party’s (CCP’s) centennial celebration on July 1. One Chinese citizen said China has been turned into a “prison.” The 100th anniversary of the founding of the CCP will be a grand occasion and Chinese leader […]

Authored by John W. Whitehead & Nisha Whitehead via The Rutherford Institute, “Whoever fights monsters should see to it that in the process he does not become a monster.” – Friedrich Nietzsche Almost every tyranny being perpetrated by the U.S. government against the citizenry – purportedly to keep us safe and the nation secure – has come about as a result of some threat manufactured in […]

We live in an increasingly volatile world, where change is the only constant. Businesses, too, face rapidly changing environments and associated risks that they need to adapt to – or risk falling behind. As Visual Capitalist’s Iman Ghosh notes, these can range from supply chain issues due to shipping blockages, to disruptions from natural catastrophes. As countries and companies continue to grapple with the effects of the […]

Security researcher Carl Schou discovered a bug in Apple’s iOS that can disable an iPhone’s ability to connect to hotspots after joining a WiFi with the SSID “%p%s%s%s%s%n.” Schou tweeted, “after joining my personal WiFi with the SSID “%p%s%s%s%s%n”, my iPhone permanently disabled its WiFi functionality. Neither rebooting nor changing SSID fixes it :~).”  After joining my personal WiFi with the SSID “%p%s%s%s%s%n”, my iPhone permanently disabled it’s […]

Authored by Kenny Stancil via CommonDreams.org, A new poll released Friday found that a whopping 94% of adults in the US do not want pharmaceutical corporations to control the global supply of Covid-19 vaccines, lending additional support to international demands for achieving universal access to inoculation through more knowledge sharing, technology transfer, and public production of doses. That 94% figure includes respondents who expressed no preference, and it revealed a strong bipartisan consensus, with […]

Short-dated Treasury yields are extending their rise from Friday’s bloodbath as the collapse of the long-end of the term structure accelerates in early Asia trading. 2Y is back above the Fed Funds rate… Source: Bloomberg and 30Y yields are back below 2.00%… … for the first time since March… Source: Bloomberg 10Y yields are at their lowest since early March… Source: Bloomberg And Japanese equity markets […]

Over 45,000 people have signed petitions calling to prevent Jeff Bezos from returning to earth next month, when the billionaire founder of Amazon.com is set to ride his phallic ‘New Shepard’ rocket into space along with his brother, Mark and an unidentified passenger who paid $28 million to join them. “Billionaire’s should not exist…on earth, or in space, but should they decide the latter they should […]

Authored by Michael Snyder via The End of The American Dream blog, Can you imagine what it would be like to not have a home?  For many Americans, this is not something that they need to imagine because it is a daily reality.  Nobody knows for sure how many homeless individuals there are in this country, but recent estimates range from “fewer than 600,000 to more than […]

Last week, amid the fire and brimstone surrounding the market’s shocked response to the Fed’s unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the two key “administered” rates, raising both the IOER and RRP rates by 5 basis points (as correctly predicted by Bank of America, JPMorgan, Wrightson, Deutsche Bank and Wells Fargo while Citi, Oxford Economics, […]

Authored by Fergus Hodgson, op-ed via The Epoch Times, Canada’s plan for net-zero “greenhouse-gas emissions” by 2050 will come home to roost. Grandstanding has consequences, and in Bill C-12 we are witnessing the legislation to give it teeth. The demonized energy sector appears impotent to resist this attack and is outwardly embracing the idea, presumably to placate regulators and the woke mob. Grandiose promises, for which the bills come over in decades, are a natural product of election-minded […]

More and more Americans are driving older cars. A new report found the average age of a vehicle on US highways hit a record high of 12.1 years in January. What this may suggest is a repair and maintenance boom is ahead.  Bloomberg, citing new data from analytics firm IHS Markit, said the age of cars and light trucks increased by .20 years from 11.9 years […]

More and more, it seems like people have had enough with the critical race theory hoax.  Most recently, parents of students at New York City’s $57,000 per year Spence School are pushing back after students at the all-girls school were shown a video that mocked “entitled” and “annoying” white women. The Upper East Side school is now dealing with a letter-writing campaign by parents demanding the […]

On Saturday a major attack was reportedly launched out of Yemen on two cities in Saud Arabia’s south, Khamis Mushait and Najran, which utilized explosive-laden drones. The swarm of drones entering the kingdom’s airspace reportedly spanned multiple hours, according to regional reports, which cited up to 17 drones intercepted by Saudi anti-air defenses. “The interception operations were successful,” the Saudi military said, noting that many were destroyed prior […]

Via Greg Hunter’s USAWatchdog.com, Renowned geopolitical and financial cycle expert Charles Nenner made a huge call at the end of January 2020.  Nenner said, “I am more worried about the market going down 40% than making 5% more on the upside.”  The market topped a few weeks later (2% higher) and then plunged 38% for the next several weeks.  Spot on call.  Nenner also said he was […]

Authored by Ryan McMaken via The Mises Institute, Policymakers know they hold immense power to regulate and punish firms that don’t play ball. Industry leaders know this too. So it’s likely both sides will indeed end up “playing ball.”  The Democrats in Congress want comprehensive regulation of social media which will ultimately allow regime regulators to decide what is and what is not “disinformation.” This has […]

Earlier this month, Wealthion (a new YouTube channel featuring interviews with today’s top experts in money & the markets) hosted its first online conference, at which economist Dr Lacy Hunt made a strong case in his keynote presentation that deflation — not inflation — will win the day going forward. He predicts that much of the sudden sharp rise we are seeing in input prices will indeed be transitory. […]

As expected when it comes to the Iran nuclear deal, newly sworn-in Israeli Prime Minister Naftali Bennett has picked up right where Netanyahu left off in warning the world against restoring the Joint Comprehensive Plan of Action (JCPOA). Bennett in Sunday remarks for the first time commented on Iran’s presidential election. In particular he seized on the Islamic hardliner credentials of the winner of Friday’s election, Ebrahim Raisi, saying […]

Authored by Lance Roberts via RealInvestmentAdvice.com, Market Fails At Highs As Fed Spooks Markets Last week, we reviewed our “buy signals” and the advance over the past month. As we concluded: “While the market did hit all-time highs this week, it was a feeble rally. Such is not a sign of confidence the ‘highs’ will stick.” Well, not only did the highs not stick, but the 50-dma failed during […]

Authored by MN Gordon via EconomicPrism.com, “What the hell?!” – President Joe Biden, June 16, 2021 Out of Control American workers are trying to make their way in an economy that’s rigged against them.  We made this claim many years ago.  Today, for fun and for free, we revisit this assertion…starting with the latest from those doing the rigging. This week, after a two day meeting, the Federal Open […]

A driver slammed into spectators Saturday evening at the start of a Pride parade in South Florida, killing one man and seriously injuring six others (whose conditions are unknown). Some witnesses said the crash appeared to be an intentional act. Spectator Christina Currie told the South Florida SunSentinel that she was with her family at the start of the parade. “All of a sudden there was a loud […]

The death march for internal combustion engine vehicles continues… Audi has been the latest automaker to express its intent to completely end building combustion engine vehicles, stating this week that they would stop building gas and diesel vehicles by 2026. There will also be no more hybrid vehicles from that point forward, the automaker said.  Audi board chairman Markus Duesmann offered the deadline to company executives […]

Authored by Sam Jacobs via Ammo.com, Of course you’ve heard the name “George Soros,” often invoked as a sort of folk demon on the American and international right, it’s likely that you have some vague notion of why you think he’s a bad guy, or maybe you think the whole thing is a bunch of hype. However, if you’re a freedom lover, there’s nothing “hype” about […]

Cristiano Ronaldo sent shockwaves across the beverage industry and the football world this week when, at a press conference in Monday, he took two bottles of Coca-Cola sitting in front of him and placed them aside in favor of a bottle of water. The gesture – which would be deemed perfunctory and meaningless almost anywhere else in the world – sent shares of Coca-Cola plunging later […]

Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, Jon Stewart is the High Priest of Barely Functional Millennials. Not all Millennials, just the ones he’s personally destroyed. I’ve hated him from the moment my younger friends/family told me they got their news from him rather than you know, the news. And saying this is not an endorsement of the news, then or now. Stewart’s […]

Authored by Zachary Stieber via The Epoch Times, California Gov. Gavin Newsom on Friday was assaulted as he visited a pizza parlor in Oakland. “This morning, the Governor was approached by an aggressive individual. Members of the Governor’s security detail removed the Governor from the situation and the individual was arrested by CHP officers,” the California Highway Patrol, which helps protect the governor, said in a statement to […]

A reported 3.9 magnitude earthquake off the Florida’s east coast Friday was actually an “experimental explosion,” the U.S. Navy confirmed. ActionNewsJax.com reports that a spokesperson with the Navy said that what was measured were a result of military “shock trials” and they are not unusual, nor is it unusual for them to register as earthquakes. Source The United States Geological Survey measured the seismic event roughly […]

Authored by Addison Smith via Campus Reform, University of Ottawa adjunct professor and Canadian Lawyer Naomi Sayers took to Twitter recently to endorse sex work for “young people,” calling it “the best thing” they can do early in their careers. unpopular opinion: the best thing young people can do early in their careers is do #SexWork on the side because your early career prospects will be […]

Australia continues reeling from its ongoing trade war with China, lately seeing retaliatory tariffs cause the price of wine to double or triple in China, essentially wiping out Australia’s biggest export market.  And now the Aussie government is lodging a formal complaint with the World Trade Organization – specifically over its imposition of anti-dumping duties on Australian wines. Saturday’s announcement marks yet another major escalation, with minister for trade, […]

Authored by Pat Buchanan, By a vote of 30-1 in the House, with unanimous support in the Senate, Juneteenth, June 19, which commemorates the day in 1865 when news of Abraham Lincoln’s Emancipation Proclamation reached Texas, has been declared a federal holiday It is to be called Juneteenth Independence Day. Prediction: This will become yet another source of societal division as many Black folks celebrate their […]

An enormous diamond has been unearthed in Botswana, according to a series of tweets by the Botswana government.  On Wednesday, the government of Botswana tweeted that 1,098-carat stone, believed to be the third-largest diamond ever found, was presented to President Mokgweetsi Masisi by Debswana Diamond Company’s acting managing director Lynette Armstrong.  Debswana is a mining company located in Botswana and is the world’s top producer of diamonds by value. […]

Authored by James Bovard via JimBovard.com, The Biden administration revealed on Tuesday that guys who can’t get laid may be terrorist threats due to “involuntary celibate–violent extremism.” That revelation is part of a new crackdown that identifies legions of potential “domestic terrorists” that the feds can castigate and investigate. But there is no reason to expect Biden administration anti-terrorism and anti-extremism efforts to be less of a farce and […]

Imagine if F1 racing ever dabbled in air racing – it would likely involve some sleek, high-performance flying car, zooming over a fixed course in the sky as the crowd, dazzled not by the roar of a petrol high-performance motor but rather the buzzing of propellers.  There appears to be new extreme motorsport on the horizon, and it involves the world’s first flying electric cars series.  […]

Authored by Meiling Lee via The Epoch Times (emphasis ours), A laboratory at the University of Florida that recently analyzed a small sample of face masks, detected the presence of 11 dangerous pathogens that included bacterias that cause diphtheria, pneumonia, and meningitis. A student wears a mask as he does his work at Freedom Preparatory Academy in Provo, Utah, on Feb. 10, 2021. (George Frey/Getty Images) […]

A new patent filed last week appears to show PepsiCo Inc. wants to dive headfirst into the hard seltzers market via its “Rockstar” brand. PepsiCo filed a trademark application on Monday (June 14) for the “Rockstar” trademark registration that indicates the beverage company plans to sell it as a beer, alcoholic fruit cocktail drinks, alcoholic malt beverages, and hard seltzer. The filing was first tweeted by Josh Gerben, […]

Authored by Matt Taibbi via TK News, On May 23, 2017, not so long ago in real time but seemingly an eternity given the extraordinary history we’ve lived through since, a group of 50-odd students at Evergreen State College arrived at the classroom of a biology professor named Bret Weinstein, demanding his resignation. He stepped into the hall to talk, believing he could work things out. […]

Authored by Alexander William Salter via The American Institute for Economic Research, A specter is haunting the Federal Reserve: the specter of political activism.  It’s no secret that something strange is happening at the Fed. Visitors to the New York Fed’s homepage are greeted, not with a description of the Fed’s important monetary and regulatory mandates, but an affirmation of the Fed’s commitment to economic justice. “We are […]

A Colorado listing on Redfin has gone viral with more than half a million views since it was recently listed. The description in the listing calls the house a “slice of hell” after a departing tenant went ape shit during an eviction. “Now it’s every landlord’s nightmare and needs someone with firm resolve to appreciate its potential. If you dream of owning your own little slice of hell and turning […]

Less than a month after a gunman opened fire and killed nine co-workers at a Bay Area rail hub, city leaders have implemented Big Brother’-style omniveillance to monitor firearm purchases at gun stores.  According to Mercury News, the San Jose City Council voted unanimously to approve a new law that requires all gun stores to record firearm purchases on video. What’s odd is that most gun stores […]

By Greg Miller, of FreightWaves, The trajectory of trans-Pacific spot rates brings to mind the catchphrase “to the moon.| Carriers implemented general rate increases (GRIs) on June 1. Spot rates rose. They enacted more GRIs on Tuesday. Rates jumped again. Another wave of GRIs is set for July 1. Add fallout from China port congestion to the mix, and it’s a recipe for rates to keep climbing. […]

Authored by Matt Taibbi via TK News, On December 8, 2020, when most of America was consumed with what The Guardian called Donald Trump’s “desperate, mendacious, frenzied and sometimes farcical” attempt to remain president, the Senate’s Homeland Security and Governmental Affairs Committee held a hearing on the “Medical Response to Covid-19.” One of the witnesses, a pulmonologist named Dr. Pierre Kory, insisted he had great news. “We […]

As we have been saying for a while now, the Biden Administration’s push to create a new minimum corporate tax likely will never succeed despite all the optimistic reporting in the western press – a reality that will ultimately limit the degree by which the US corporate tax rate can be raised to finance Biden’s ‘Great Society’ ambitions. Even after the G-7 struck a tentative deal […]

We’re moving one step closer to autonomy in China… Southern China city Shenzhen is on the verge of granting special license plates for self driving vehicles, which would mark the first such instance in China, according to Caixin. It is a step that will help “promote commercialization of self-driving vehicles, such as their use as taxis, instead of being limited to tests,” experts said. It’s one […]

Authored by Zachary Stieber via The Epoch Times, The National Security Agency (NSA) has agreed to release records on the FBI’s improper spying on thousands of Americans, the secretive agency disclosed in a recent letter. The agreement may signal a rift between the NSA and the FBI, according to attorney Ty Clevenger. Clevenger last year filed a Freedom of Information Act (FOIA) request on behalf of The […]

Authored by Mike Shedlock via MishTalk.com, In a must see video, comedian Bill Maher blast wokes who have no sense of massive progress on many liberal and Libertarian fronts. Bill Maher Maher discusses “progressophobia”, a phase coined by psychologist Steven Pinker who calls it “a brain disorder that strikes liberals and makes them incapable of recognizing progress.”  “If you think that America is more racist now than ever, […]

With the moratorium on student loan payments set to end with the summer, the American media is once again reckoning with the fact that the US has a hidden crisis with older borrowers weighed down by student debt. In many cases, these borrowers have been paying off student loans for decades. At the very least, it’s a depressing image of what might lie in store for […]

One of California’s most critical hydroelectric plants is at risk of closing for the first time in five decades as water levels continue to sink.  A megadrought and scorching heat, both worsened by La Nina weather effects, have depleted some of the water supply at Northern California’s Lake Oroville. The lake’s current water levels are hoovering around 700 feet above sea level, but if 640 feet […]

Authored by Michael Tracy via mtracey.substack.com (emphasis ours), If contemporary American liberalism has any High Priests, foremost among them would have to be Jon Stewart. Arguably, he’s the functional equivalent of a supreme pontiff. So much of contemporary American liberalism hinges on aesthetic presentation — the ever-present need to convey that you and your peers “get it” — and Stewart pioneered the perfect public sensibility tailored […]

Back in December 2015, just days before the Fed hiked rates for the first time since the global financial crisis, in its first tightening campaign since June 2004, we said that Yellen was about to engage in a great policy error, one which like the Ghost of 1937, would end in disaster… … and sure enough it did, when after 9 rate hikes, Powell realized that […]

Authored by Dave DeCamp via AntiWar.com, On Friday, the White House denied a Politico report that said the Biden administration temporarily paused a $100 million in additional military assistance for Ukraine. White House Press Secretary Jen Psaki said the idea that the US halted the aid is “nonsense.” “The idea that we have held back security assistance to Ukraine is nonsense. Just last week — in the run-up to the US-Russia Summit […]

Authored by Tuomas Malinen via GnSEconomics.com, We are approaching a critical turning point in the history of financial systems. Since the Great Financial Crisis, central banks have exerted control over the financial markets through their QE-programs and plan to extend their influence over the monetary system through the introduction of national digital currencies.  Opposing forces include, as usual, those of financial innovation, which include independent cryptocurrencies. In […]

Ten days ago, NASA’s satellite spotted a massive dust storm blowing off the Sahara Desert and into the waters of the Atlantic Basin. At the time, we forecasted dust clouds were “headed for the Americas.”  Fast forward today, millions of tons of Sahara’s nutrient-laden minerals have been whisked across the Atlantic Ocean and are set to arrive in South Florida on Friday or Saturday. Satellite footage shows the […]

The latest from the National Hurricane Center (NHC) is that Tropical Storm Claudette is “inland over southeastern Lousiana. Heavy rains and tropical-storm-force winds continue along portions of the northern Gulf coast.”  Around 0500 ET, Tropical Storm Claudette formed southwest of New Orleans. Hours later, around 0700 ET, the system moved inland with winds around 45 mph.  From New Orleans to Mobile to Panama City, tropical storm warnings remain […]

Authored by Tsvetana Paraskova via OilPrice.com, With power demand recovering from the pandemic, European utilities are using more coal as natural gas inventories are unusually low for this time of the year due to a cold snap in late winter and early spring. This year, despite the record-high carbon price in Europe, the use of coal for power generation has jumped by up to 15 percent, […]

Authored by Rita Li via The Epoch Times, Researchers found that China’s investment in the 27 EU member states and the United Kingdom tumbled to a decade-low in 2020, and the downward trend could continue this year due to the climbing bilateral defense and “souring political relationship.” The key findings were released earlier this week by research provider Rhodium Group and Mercator Center for China Studies (MERICS), a German think […]

Now after six rounds of talks in Vienna, hopes for a restored nuclear deal are looking dimmer given the crucial “wild card” issue of Iran’s ongoing presidential election, also as the Ayatollah warned a full month ago that he wouldn’t wouldn’t let the talks “drag on” toward no definite rapid end goal. Iranians took to the polls Friday in the nationwide vote; however, turnout was widely reported as […]

A major “realignment” of US defense priorities is resulting in a new extended drawdown of troops, aircraft, and anti-aircraft missiles from the Middle East, The Wall Street journal says in a new report, especially a prior missile battery build-up under Trump in Saudi Arabia. “The Pentagon is pulling approximately eight Patriot antimissile batteries from countries including Iraq, Kuwait, Jordan and Saudi Arabia, according to officials,” the […]

Iranians are voting nationwide Friday as longtime president Hassan Rouhani – the well-known moderate who negotiated the 2015 nuclear deal (JCPOA) – is on his way out after having served his limit of two terms. His time in office will expire on August 3rd.  There are widespread reports of much lower than expected turnout even after Supreme Leader Ayatollah Khamenei pleaded for people to go to the […]

Yet another piece of the pandemic puzzle has fallen into place – after being hidden in plain sight until it was wiped from the Wuhan Institute of Virology’s (WIV) website. Unearthed by The National Pulse‘s Natalie Winters, a Nov. 2017 report titled (no really): “Bats in China carry all the ingredients to make a new SARS virus,” describes how researchers at the WIV had identified ‘all […]

Tensions between the U.S. and Russia are heating up over the Pacific in the last month.  To recap, we first noted a Russian Navy surveillance ship parked in international waters off Kauai, an island in the Central Pacific, part of the Hawaiian archipelago, last month. Fast forward to last weekend, and three armed Lockheed Martin F-22 Raptors were scrambled as the Russian Navy conducted a massive war exercise 300 to […]

Tokyo Olympic organizers are handing out 150,000 condoms at next month’s Games to athletes staying in the Olympic village. But there’s a twist. According to Reuters, the Olympic village has strict social distancing rules and COVID-19 measures that organizers are requesting athletes not to have sex with one another but rather save the condoms.  Being in good physical shape indeed gives a person more sexual fitness. So […]

Authored by Alasdair Macleod via GoldMoney.com, Yesterday, the FOMC released its June statement which only served to remind us that its members are powerless in the face of inflationary conditions. They refuse to accept the price consequences of monetary inflation, still clinging on to an increasingly untenable hope that price rises are “transitory”. The fact of the matter is that the world is now awash with […]

There’s no doubt that the PPP program was one of the worst allocations of taxpayer capital (read: inflation) by the U.S. government in history. While many were helped during Covid by the program, the “free money” of PPP loans attracted all types of fraud and abuse, only a small sliver of which will be investigated.  But occasionally, the government does turn over a rock and get […]

Authored by Alyce McFadden via OpenSecrets.org, A sweeping bill to encourage companies to manufacture semiconductors in the US passed the Senate on June 8 with bipartisan support. The tiny computer chips are used in practically all modern technology and the current global supply chain shortage of these semiconductors could spell disaster for American manufacturing.  Demand for semiconductors spiked 6.5% in 2020 as tech companies raced to produce products aimed […]

Authored by Emily Miller via Emily Post News, This is part two in a series of interviews with ammunition manufacturing executives. Read my interview with Jason Hornaday here. Winchester president Brett Flaugher More than twice as many Americans have guns and do shooting sports than have golf clubs and putt on a green. You wouldn’t know that if you are the coastal elite. But the president […]

The Honolulu Police Department (HPD) spent $150,045 in CARES Act money to purchase a Boston Dynamics’ four-legged robo-dog called Spot to patrol a homeless quarantine encampment, according to Vice News.  HPD extensively used the robo-dog to conduct various tasks, such as temperature readings, disinfecting, and patrol the city’s homeless camp.  In the last year, Honolulu is one of four police departments to adopt the headless, quadrupedal robot outfitted with […]

Authored by Nicole Neily via RealClearEducation.com, Much ink has been spilled over the illiberal education that college students receive these days, and how ivory tower-incubated ideas are now finding their ways into society at large. But less well-known is how some of the more devious – and unconstitutional – policies employed by America’s colleges and universities have begun to migrate down to the K-12 level as […]

If you ask most American white-collar workers about the last 16 months or so, most will probably confirm that working from home was one of the few silver linings of a once-in-a-century pandemic. But as bankers from JPM, Goldman and others return to the office, other white collar employees might see last repercussions for their careers if they continue to work 100% remote. In fact, a […]