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[Politics] Opinion: Why the push to legalize gambling on U.S. elections is so dangerous

The Commodity Futures Trading Commission denied financial services firm Kalshi's bid to allow betting on control of Congress. Now the company is suing to overturn the decision.

Published:5/28/2024 6:21:02 AM
[Markets] Healthcare-payments company Waystar seeks to raise about $1 billion in IPO The healthcare-payments software company, makes claims-management and patient-payment software to help its network of about 90,000 healthcare providers reduce costs associated with managing insurance claims. Published:5/28/2024 6:21:02 AM
[] The Morning Report — 5/28/24 Good morning, kids. Hope you all had a blessed Mmoial Day holiday in remembrance and appreciation for those of our fellow citizens who paid the ultimate price for our nation and freedom. sadly now gone, by all indications on so... Published:5/28/2024 6:21:02 AM
[276e81c7-591e-547e-bf1a-64693b452feb] We need to SAVE our elections from abuse and here’s how The presidential election is drawing ever closer and Americans need to find ways to secure our voting so that non-citizens can't abuse the process. Here's how to SAVE our elections. Published:5/28/2024 6:10:38 AM
[World] Insmed’s stock rockets toward a 2-decade high after positive drug-trial data Shares of Insmed Inc. skyrocketed Tuesday, after the biopharmaceutical company said it plans to file a New Drug Application for its treatment of non-cystic fibrosis bronchiectasis following positive Phase 3 trial results. Published:5/28/2024 6:10:38 AM
[e5d32322-4c4b-5008-9a7d-195ed7cdbbe9] Texas Republican primary runoffs feature political revenge, Trump as key factors Former President Trump, Texas Gov. Greg Abbott and AG Ken Paxton are key players in Republican primary runoff elections, while Rep. Tony Gonzales fights for political survival. Published:5/28/2024 6:01:43 AM
[Politics] Election 2024 live updates: Biden heading back to Pa. this week; Trump trial nears end Live updates from the 2024 campaign trail, with the latest news on presidential candidates, polls, primaries and more. Published:5/28/2024 6:01:43 AM
[fathers day] Jet Set: Father’s Day Gifts for the Travel-Loving Dad From a rolling duffle bag and fancy headphones to a plush watch roll and travel mug, these are the top travel gifts for dad this Father's Day. Published:5/28/2024 6:01:43 AM
[Markets] Oil prices bounce as traders look ahead to OPEC+ decision on production cuts Oil futures were rising Tuesday, with traders looking for OPEC+ to roll over voluntary production cuts into the third quarter when they meet next weekend. Published:5/28/2024 5:53:23 AM
[World] Why financials and oil merit top spots in this award-winning fund manager’s portfolio Find one approach and stick to it, is our call of the day advice from Morningstar’s “outstanding portfolio manager” of 2024 Published:5/28/2024 5:53:23 AM
[Entertainment] These Top-Rated Small Appliances on Amazon Make Great Graduation Gifts Shop Small Appliances for Grads We independently selected these products because we love them, and we hope you do too at these prices. Shop with E! has affiliate relationships, so we may get a commission if you purchase...
Published:5/28/2024 5:45:04 AM
[Markets] ‘I’m inheriting $850,000’: I’m a mother and have always been financially independent. What should I do with my windfall? ‘I make about $100,000 annually, and I have $50,000 in savings and stocks.” Published:5/28/2024 5:45:04 AM
[XOM] Petrobras: It's Hard To Be Bullish Now Published:5/28/2024 5:36:33 AM
[Markets] Dow Jones Futures Fall, But Nvidia Leads Techs Higher; 7 Stocks Near Buy Points The market rally had a mixed week as breadth narrowed. Microsoft and Merck led stocks near buy points. Here's what to do. Published:5/28/2024 5:36:32 AM
[Markets] UK's Sunak Vows Mandatory Conscription For 18-Year-Olds If Elected UK's Sunak Vows Mandatory Conscription For 18-Year-Olds If Elected

In another ominous sign of things to come, leading Western governments appear to be preparing for 'something big' at a moment the proxy war between Russian and NATO centered in Ukraine is escalating at uncontrollable pace.

"Rishi Sunak has vowed to introduce mandatory national service for 18-year-olds if he is re-elected, in his first major policy announcement since the start of the election campaign earlier this week," Financial Times has reported.

Interestingly, the next line to the very same report screams Russia! as the subtext...

The move is part of what he said was an effort to provide security and opportunity in “an increasingly uncertain world”.

The plan would involve 18-year-olds working closely with the professional armed forces on a 12-month rotation or a 'community work' basis. 

Sunak framed it in terms of civic duty and a matter of national patriotism...

"Generations of young people have not had the opportunities or experience they deserve and there are forces trying to divide our society in this increasingly uncertain world," he said. 

It was only in January that the head of the British army, General Sir Patrick Sanders, urged for the populace to get ready to be on a war footing with Russia:

Britain should train a "citizen army" ready to fight a war on land in the future, the head of the Army has said.

General Sir Patrick Sanders warned that an increase in reserve forces alone "would not be enough".

He highlighted the threat from Russia and pointed to steps being taken by other European nations to put their populations on a "war footing".

This is part of the continuing theme of Western leaders asking their populations to 'sacrifice' for Ukraine amid deep trepidation and uncertainty over possible bigger nuclear-armed confrontation.

And all of this is happening against the backdrop of the US and UK stymieing past and current efforts to see Moscow and Kiev sit down at the negotiating table.

British media and officials in particular have been emphasizing of late a high degree of Russian 'interference' and even sabotage across Europe and on British soil.

Tyler Durden Tue, 05/28/2024 - 05:45
Published:5/28/2024 5:28:02 AM
[World] Column: Will abortion rights boost Biden and fellow Democrats? Arizona offers a test case

As Biden battles for reelection, he's counting on reluctant voters to come around and measures such as Arizona's abortion rights initiative to prod them his way.

Published:5/28/2024 5:28:02 AM
[Business] Anduril Is Building Out the Pentagon’s Dream of Deadly Drone Swarms The US military aims to maintain its dominance by building autonomous attack drones that collaborate with humans and overwhelm defenses in swarms. Published:5/28/2024 5:19:41 AM
[Presidential Election of 2024] Eyeing Trump, but on the Fence: How Tuned-Out Voters Could Decide 2024 Politically disengaged Americans are increasingly Trump-curious, but President Biden has a shot at winning some of them back. Reaching them in a changed media environment will be his challenge. Published:5/28/2024 5:11:21 AM
[Politics] Leading pollster spreads Dominion voting machine misinformation Over and over, claims about Dominion machines have been debunked, only to reemerge again. Published:5/28/2024 5:11:21 AM
[World] The climate refugee crisis is here Catastrophic flooding in southern Brazil has forced hundreds of thousands of people from their homes. Many say they won’t go back. Published:5/28/2024 5:02:56 AM
[World] Door slammers, workaholics and micromanagers: What do you do when you have a bad boss?  Few things can make work more challenging than a difficult manager. Here’s how to deal and when to get the heck out, according to experts. Published:5/28/2024 5:02:56 AM
[World] DraftKings and FanDuel parent hit by Illinois sports-tax legislation Shares of DraftKings and FanDuel owner Flutter Entertainment traded lower on Tuesday after the Illinois Senate passed a bill that includes a sports-betting tax hike. Published:5/28/2024 4:54:33 AM
[Markets] The Free World: An Alarming Status Report The Free World: An Alarming Status Report

Authored by Majod Rafizadeh via The Gatestone Institute,

In the last few years, we have witnessed a world that has become significantly less safe and secure.

American and Western policy failures and strategic missteps appear to have emboldened adversaries and undermined allies. A lack of decisive action and coherent strategy has created power vacuums which have been exploited by hostile actors and resulted in increased instability and threats in the West to both national and global security.

It seems urgent for the long-term survival of the United States and the Free World – where people enjoy unprecedented freedom of speech, property rights, economic opportunity, religious freedom and other civil liberties – not to accept assaults on these hard-won achievements either at home or abroad.

Adversaries have become increasingly empowered, and allies may well be losing confidence in the West's leadership. This week it was announced that three countries in Europe, IrelandNorway and Spain – all of which have long, unfortunate histories of antisemitism – plan to recognizing a Palestinian State that will be terrorist.

Rogue and belligerent states such as Russia, China, Iran and North Korea, have become more emboldened. In large part, the US has funded and enabled that. The Biden administration handed over Afghanistan to a terrorist group, the Taliban; now it looks as if the Biden administration and these three racist countries in Europe are determined to hand Gaza to another terrorist group, Iran's proxy, Hamas, which openly says it is more committed than ever to destroying its free, democratic neighbor, Israel.

US President Joe Biden assured Russia in 2022 that a "minor incursion" into Ukraine would be all right. Predators do not "do" minor. The result was the largest attack on a European country since World War II. The invasion created a devastating humanitarian crisis, with estimates of tens of thousands of Ukrainian civilian casualties and hundreds of thousands of military casualties. Additionally, as millions of Ukrainians have been forced to flee their homes in search of safety, the "minor incursion" triggered Europe's largest refugee crisis since World War II.

Similarly, any move in maintaining or empowering Hamas, or any of Iran's other proxies, such as Hezbollah, the Houthis or Palestinian Islamic Jihad, will not bring "peace" to the Middle East. On the contrary, a "Palestinian State" will not only explode the conflict even further, it will also threaten the cohesion of the NATO alliance -- the greatest gift that the Free World could give Russian President Vladimir Putin.

On October 7th, 2023, as a newly released video reveals -- a Hamas gunman, deciding whom to murder, says of captive Israeli soldiers, "Here are the girls who can get pregnant." The terrorist group had initiated a devastating coordinated invasion of Israel. The attack began with a massive barrage of rockets. Simultaneously, after systematically disabling Israel's warning systems, roughly 3,000 terrorists crossed the Gaza-Israel barrier, launching attacks on Israeli military bases and 22 civilian communities. The onslaught, which had been planned for years, led to the slaughter on October 7th alone of roughly 1,200 Jews, Muslims and Christians; Israelis, tourists and foreign workers. The attack was characterized by unimaginable acts of brutality -- sustained gang rapes, sexual amputations, beheadings and burning alive even infants.

Hamas terrorists also seized 240 hostages in Israel, forcibly taking them into Gaza's underground city of tunnels, created with international aid money. In the aftermath, Israel, to rescue the hostages and to defend against promised repeated attacks, finds itself engaged in the most unprecedentedly complicated urban warfare. Israel is trying to protect its citizens and maintain its sovereignty in the face of relentless aggression, while battling not only Hamas but also two illegitimate antisemitic courts (the International Criminal Court and the International Court of Justice), the antisemitic United Nations, antisemitic European countries, well-funded antisemitic demonstrations in the West, and the Biden administration.

The Biden administration not only seemingly whetted the appetite of Iran's regime to attack Israel directly on April 13, 2024, by continually appeasing Iran and failing to veto an anti-Israeli resolution in the UN Security Council, the US has also been trying for years to force oust Israel's Prime Minister Benjamin Netanyahu -- "Israel's Churchill" -- for being insufficiently subservient.

The US would doubtless prefer an Israeli prime minister who would allow Hamas to remain in control of Gaza and reconstitute its military capabilities; who would allow the creation of a terrorist Palestinian state bordering Israel, and who would stand aside as genocidal Iran obtains nuclear weapons.

Since Iran's Islamic Revolution of 1979, the regimes, in addition to brutalizing its own people, have called for "Death to Israel," "Death to America," and have called Israel, smaller than New Jersey, a "one bomb" country and threatened to "wipe it" from the map. This situation is compounded by Iran's accelerating advances in its nuclear weapons program, which has surged since the Biden administration assumed office.

Propelled by clandestine activities within its heavily fortified nuclear facilities, Iran's nuclear capabilities have reached a critical point. On Friday, Iranian lawmaker Ahmad Bakhshayesh Ardestani made a chilling declaration, stating:

"In my opinion, we have achieved nuclear weapons, but we do not announce it. It means our policy is to possess nuclear bombs, but our declared policy is currently within the framework of the JCPOA."

It is deeply concerning that the spokesperson representing the Atomic Energy Organization of Iran has openly declared Iran's readiness to share its expertise in nuclear weapons with other nations, especially neighboring states.

In addition, the Communist Chinese regime, seeing the Biden administration reward aggression, pastpresent, and presumably future, is encircling the Philippines and Taiwan and sending tens of thousands of young men of military age in packs across America's southern border, and more than 5,000 over its northern one.

In short, the current US administration, along with its allies, Ireland, Norway and Spain, Europe's racist supporters of terrorism, are widening the window of opportunity for China, Russia, Iran and other malign actors to pursue their objectives with increased confidence.

One can only wonder which of the likely leaders of the Free World will permit -- or put a stop to -- these staggering negative trends of geopolitical deterioration in the future.

Tyler Durden Tue, 05/28/2024 - 05:00
Published:5/28/2024 4:36:59 AM
[Security] Cops Are Just Trolling Cybercriminals Now Police are using subtle psychological operations against ransomware gangs to sow distrust in their ranks—and trick them into emerging from the shadows. Published:5/28/2024 4:36:59 AM
[Markets] Glass Lewis urges Tesla shareholders to block Musk’s $56 billion pay package Published:5/28/2024 4:36:59 AM
[Education] Chris Rufo’s Quest to Abolish DEI

Chris Rufo was in Washington, D.C., last week to accept The Heritage Foundation’s prestigious Salvatori Prize and visited The Daily Signal to share his thoughts... Read More

The post Chris Rufo’s Quest to Abolish DEI appeared first on The Daily Signal.

Published:5/28/2024 4:27:46 AM
[Uncategorized] CNN Experts Discuss Medicine CNN experts Don Lemon and Chris Cuomo angrily discuss one of their many areas of expertise – medicine. Published:5/28/2024 4:27:45 AM
[28334798-d1a0-5611-b2e5-5ecab5922801] NY v. Trump: Closing arguments to begin as Merchan skirts decision on motion to dismiss The jury is expected to return Tuesday to hear closing arguments in the unprecedented criminal case against former President Trump. Published:5/28/2024 4:19:24 AM
[347e4d22-fe69-5cb7-b50f-989af64dc6d1] North Carolina is charging ahead of California and the reason why is surprising North Carolina and California are heading in completely opposite directions. One has a booming economy and the other has a deficit of $44.9 billion. Policies might be the reason. Published:5/28/2024 4:19:24 AM
[Markets] UBS leapfrogs UBS with new S&P 500 price target UBS has moved its S&P 500 target ahead of a division of its own bank that only last week raised its forecast. Published:5/28/2024 4:19:23 AM
[World] Long-lost Caravaggio painting of ‘extraordinary value’ shown for first time “Ecce Homo,” found in 2021 when it was about to be auctioned for a fraction of its value, is one of around 60 known Caravaggio works in existence. Published:5/28/2024 4:03:42 AM
[Markets] The latest numbers say Americans are going all-in for hybrids Hybrid sales haven’t been on a steady upward trajectory for a decade, but now they are surging and automakers are scrambling. Published:5/28/2024 4:03:42 AM
[Politics] Calling all Brits: Vote Early, Vote often The bureaucrats – without any justification in law – are using the forthcoming General Election as a pretext to cut off the petition at midnight on 29 May, so you will need to get your vote registered online at once. Published:5/28/2024 4:03:42 AM
[World] Trump makes sweeping promises to donors on audacious fundraising tour By tying donation requests to pledges of tax cuts and other policies, Trump is testing the boundaries of federal campaign finance laws. Published:5/28/2024 4:03:42 AM
[World] Rihanna just sold this stunning Los Angeles penthouse. The asking price? $25 million. Singer, fashion icon, and beauty-product billionaire Rihanna has found buyer for her penthouse apartment that was once owned by Matthew Perry. Published:5/28/2024 4:03:42 AM
[World] The Morning Briefing: It Is Rocket Science, and the Government Is Awful at It Published:5/28/2024 3:42:32 AM
[World] Kashkari says ‘many months’ of good inflation data needed before a rate cut Minneapolis Fed President Neel Kashkari on Tuesday said in an interview there should be “many months” of benign inflation data before he would be a rate cut. Published:5/28/2024 3:42:32 AM
[Markets] GameStop shares surge after completing stock offering Published:5/28/2024 3:34:18 AM
[d4b8ba2b-624d-5105-a2a7-4b6f077cd73a] Kathie Lee Gifford says Howard Stern asked for forgiveness after feud: 'God can touch anybody's heart' Kathie Lee Gifford's one-sided feud with Howard Stern started in 1995 after she sang "The Star-Spangled Banner" for the Super Bowl. She explained how it came to an end. Published:5/28/2024 3:34:18 AM
[588da0fa-054e-57cb-a41c-b86f5834bbec] 'American Pie' singer Don McLean says 'pain' is key to songwriting: 'If you're not hurting, you're no good' Don McLean tells Fox News Digital why experiencing heartache is necessary for songwriting. He also speaks about his new album, "American Boys," and the staying power of his hit "American Pie." Published:5/28/2024 3:14:45 AM
[Markets] FTSE 100 LIVE: European stocks mixed as UK shop price rises return to 'normal' Prices rose at an annual rate of 0.6% in May, down from 0.8% in the previous month. Published:5/28/2024 3:14:45 AM
[] Daily Tech News 28 May 2024 Top Story Elon Musk's xAI has raised $6 billion in funding from people hoping to cash out before the bubble bursts. (Tech Crunch) Okay. It's still garbage, but it's competition for the communists running OpenAI and Google.... Published:5/28/2024 3:14:45 AM
[Markets] Jamie Dimon's retirement talk puts new spotlight on key JPMorgan deputies Jamie Dimon made it clear that he sees an end to his time as boss of the biggest US bank, putting a new spotlight on key deputies considered front runners for his job. 'It's a two-woman race.' Published:5/28/2024 3:05:44 AM
[World] British air force grounds WWII-era fleet after deadly Spitfire crash The plane went down near an air base in Coningsby, England. The Battle of Britain Memorial Flight will be grounded temporarily. Published:5/28/2024 2:50:00 AM
[Markets] Conscription Is Coming Back To Europe Conscription Is Coming Back To Europe

Authored by Dénes Albert via ReMix News,

While several countries are reintroducing compulsory military service, some EU politicians would welcome a uniform reintroduction across the EU.

Hungarian news portal Divány has rounded up the countries that have reintroduced conscription.

Professional armies are understaffed across the continent, as more and more European countries are recognizing. In recent weeks, not only EU leaders but also the leadership of the German Christian Democratic Party has brought up the idea of reintroducing compulsory military service.

At its party congress at the beginning of May, the CDU adopted a proposal that young people should be obliged to serve for a certain period either in the army or the social sector. Manfred Weber, leader of the European People’s Party, made a similar statement recently, saying he would extend conscription to the whole continent.

Germany abolished conscription in 2011, and this is what would be gradually rebuilt.

The former compulsory military service would be reintroduced as a year of community service, either in the Bundeswehr or a social institution. The initiative would also open up the possibility for women to enter the military. The German government would reintroduce conscription based on several scenarios, making it compulsory for all 18-year-olds.

The Swedish model is seen by many as an example, with all citizens in the Nordic country, both men and women, having to register and, at the same time, indicate their willingness to serve in the military. In Sweden, only a small proportion of those who are of age are actually conscripted into the army.

Germany is not the only country to revisit the idea of compulsory military service, with Denmark planning to introduce the recruitment of women in 2026.

Military service is compulsory in the following European countries: Cyprus, Greece, Austria, Lithuania, Latvia, Estonia, Finland, Sweden, Cyprus, Denmark and Sweden.

Latvia was the latest country to reintroduce the system, with all men aged between 18 and 27 having to re-enlist in 2023 for 11 months of compulsory service, just 16 years after its abolition, while military service is voluntary for women.

The Baltic State’s decision was influenced by the Russian-Ukrainian war.

Lithuania decided in 2015 to introduce compulsory military service, also in response to the geopolitical situation.

Finland has also just decided on compulsory military service, with periods of 165, 255, or 347 days.

From the age of 18, all men can be called up, and military service is compulsory until the age of 30, after which Finns are considered reservists. The Swedish example, already mentioned, is a curiosity in Europe, where women, in addition to men, can also enlist on the basis of their declaration.

In Greece, military service is compulsory between the ages of 19 and 45, usually for 9-12 months, the length depending on the type of force, and in Cyprus it is compulsory for those over 18. In Denmark, the military service is similar to the abolished Hungarian system, with 18-year-olds having to serve for 4-12 months, which can be replaced by community service.

Those who wish to continue their education after secondary school can postpone their compulsory military service until the age of 25.

In Austria, in a 2013 referendum, more than 59 percent of the population voted in favor of conscription, with all men having to serve for eight months, which can also be replaced by community service.

Read more here...

Tyler Durden Tue, 05/28/2024 - 03:30
Published:5/28/2024 2:41:29 AM
[PG] Procter & Gamble: Beyond Market Fluctuations, Shareholders Take Center Stage Published:5/28/2024 2:32:12 AM
[Markets] The Collective Shrug Over Fico Assassination Attempt Exposes The Drive For War The Collective Shrug Over Fico Assassination Attempt Exposes The Drive For War

Authored by Craig Murray

The collective shrug with which the Western media and political class noted the attempted assassination of Slovakian Prime Minister Robert Fico has been telling.

Can you imagine the outrage and emotion that would have been expressed by Western powers if not Fico but a pro-Ukraine, anti-Russian leader within the EU had been attacked? The new orders for weapons that would have been presented to the arms manufacturers, the troops that would have been deployed, the sabers that would have been rattled?

Prime Minister Róbert Fico at the E.U. Parliament in Strasbourg in July 2016.European Parliament, Flickr

Instead we have the media telling us that Fico opposed sending arms to Ukraine and opposed threatening Russia. We are told he did not accept the mainstream narrative on Covid vaccinations. The media do not quite say he deserved to be shot, but they come very, very close.

Fellow EU leaders followed correct form in making statements of shock and disgust at the attack on Fico, but they were formal and perfunctory. The “not actually one of us” message was very clear.

There are now an ordered set of neoliberal beliefs to which anybody in a Western nation participating in public affairs must subscribe, or they are beyond the pale. Not to subscribe to all of these beliefs makes you a “populist”, a “conspiracy theorist”, a “Putin puppet” or a “useful idiot”.

These are some of the “key beliefs”:

No. 1) Wealth is only created by a small number of ultra-wealthy capitalists on whom the employment of everybody else ultimately depends.
No. 2) The laws governing financial structures must therefore tend to concentrate wealth to these individuals, so that they may deploy it as they choose.
No. 3) State-created currency must only be concentrated in and distributed to private financial institutions.
No. 4) Public spending is always less efficient than private spending.
No. 5) Russia, China and Iran pose an existential threat to the West. That comprises both an economic threat and a physical, military threat.
No. 6) Colonialism was a boon to the world, bringing economic development, trade and education to people of inferior cultures.
No. 7) Islam is a threat to Western values and to world development.
No. 8) Israel is a necessary project for spreading Western values to the uncivilized Middle East.
No. 9) Security necessitates devoting very substantial resources to arms production and the waging of continual war.
No. 10) Nothing must threaten the military and arms industry interest. No battle against corruption or crime can override the need for the security military industrial complex to be completely unchallenged and internally supreme.

Dependent Orthodoxies

Within this architecture of belief, other orthodoxies hang dependent, such as the correct way to respond to a complex pandemic, or support for NATO and impunity for the security services. (Support for Israel is probably better portrayed as a dependent point, but with the subject of Gaza so prominent at the moment I have figuratively moved it into the main structure.)

Any deviation on any point of belief is a challenge to the entire system, and thus must be eradicated. You will note there is no room whatsoever, within this architecture of thought, for values like freedom of speech or freedom of assembly. They simply do not fit. Nor is it possible within this architecture to incorporate actual democracy, which would give people a choice of what to believe.

Read the rest at Consortium News...

Tyler Durden Tue, 05/28/2024 - 02:00
Published:5/28/2024 1:34:50 AM
[solar/climate connection] The Solar Cycles: A New Physical Model By Andy May Dr. Frank Stefani and colleagues from Helmholtz-Zentrum Dresden – Rossendorf and the Institute for Numerical Modelling, University of Latvia, have proposed a new physically consistent model of… Published:5/28/2024 12:03:42 AM
[Markets] Stock market today: Asian shares are mixed after US holiday quiet Shares were mixed in Asia on Tuesday after U.S. markets were closed for the Memorial Day holiday. Oil prices and U.S. futures were higher. Chinese markets rose after senior leaders of the ruling Communist Party met and affirmed Beijing’s determination to contain financial risks. Published:5/27/2024 11:37:45 PM
[Foreign Affairs] What Ukraine Hawks Miss About the War

Hakeem Jeffries showcased the errors of the “as long as it takes” faction.

The post What Ukraine Hawks Miss About the War appeared first on The American Conservative.

Published:5/27/2024 11:06:28 PM
[Markets] A Final Indignity To The Arsenal Of Democracy? A Final Indignity To The Arsenal Of Democracy?

Authored by Thaddeus McCotter via American Greatness,

It is Memorial Day weekend. A time for us to commemorate and reflect upon the ultimate sacrifices given by our fallen citizen-soldiers and the enduring grief of their families and loved ones, which were and are selflessly borne in the defense of their fellow Americans and our free republic.

This spirit of self-sacrifice is rarely evidenced by far too many of the elected officials who will publicly eulogize these same fallen patriots and extend condolences to their families and loved ones. While exhorting others to emulate the example of those who made the ultimate sacrifice, these disingenuous politicians refuse to risk an ounce of political capital—not by opposing public sentiment—but by supporting it in the defense of our national security. Why? Because they fear alienating major corporations and their own party leaders.

While currently occurring primarily in “Blue States,” abetting communist Chinese subnational incursions into our states has been a bipartisan disgrace—and this is despite the bipartisan warnings of the military, intelligence, and law enforcement communities.

The complicit politicians’ reasoning is as follows: using taxpayer money to subsidize CCP-linked businesses locating in states will provide jobs and boost the economy of not only the local populace but also the profits of these companies’ American corporate partners. In sum, having failed to implement the necessary fiscal and free market policies to produce domestic economic growth, these politicians have latched onto these Chinese-linked companies as an electoral lifeline. Apparently, these politicians think the public believes a job is a job and will not care about the use of their tax dollars to import CCP-linked companies into our backyard.

To wit: my home state of Michigan, which during World War II was rightly lauded with the name “The Arsenal of Democracy.” The “greatest generation” of Michiganians not only fought in foreign fields, they toiled in machine shops’ and factories’ floors to produce the armaments needed not only for our forces but for our allies as well. One shining example of American industrial and military might was the Ford Motor Company’s Willow Run Facility (Air Force Plant 31).

As the Detroit Historical Society records, Willow Run was built in 1941 with $200,000,000 investment by the federal government. At its wartime peak,

…Willow Run was able to achieve remarkable production rates. At its peak in 1944, it produced a B-24 [bomber aircraft] every hour. By 1945, it was able to produce 70 percent of its B-24s in two nine-hour shifts, with pilots and crew members sleeping on 1,300 cots as they waited for the B-24s to roll off the assembly line. The Ford Motor Company eventually produced half of their 18,000 total B-24s at Willow Run.

Yet, over time, even as the threats to America ebbed and flowed, morphed and intensified, Willow Run ebbed in the minds of policymakers and the public. In 1953, Willow Run changed hands by lease and, ultimately, by deed from Ford to General Motors; and by 2010, Willow Run plant became a casualty of GM’s bankruptcy proceeding:

Most of the plant was demolished in 2014 but a 175,000 foot portion was offered to the Yankee Air Museum, housed in a hangar until a 2004 fire. After successful fundraising, the Museum reopened in 2017 in the historic building.

“The American Center for Mobility claimed the remainder of the massive site and in 2018 opened a proving ground and research facility for self-driving cars, the only one in Michigan and one of ten in the U.S., as designated by the U.S. Dept. of Transportation.

What is of note to the present discussion is this: back in 1941, the U.S. government expended taxpayer dollars to an American corporation to provide employment in making armaments for the defense of our nation.

Today, state governments are expending taxpayer dollars to CCP-linked companies that use the mantra of “jobs” to deflect from the potential to undermine our national security. All this for a talking point how “[Politician Name] Created [X Number of] Jobs.” (Sadly, the economic mendacity of this message remains lost upon far too many of our citizenry.)

And the offending politicians show no signs of slowing in their feckless endangering of our national security. As the Daily Caller’s Nick Pope reports:

Michigan Democrats shot down an effort to significantly expand the vetting process for China-tied companies seeking to cash in on state incentives earlier in May.

Republican lawmakers in both chambers of the state’s legislature pushed budget amendments that would have prohibited the use of state funds to subsidize corporations originating from adversarial countries like China, but neither amendment made it into the budgets that passed on May 9 and May 15. House and Senate Democrats leveraged their control of each chamber to shoot down both amendments.

The reason for the partisan divide is the support of the democratic administration of Governor Gretchen Whitmer for “Gotion, a company looking to build a subsidized facility in the Grand Rapids area… The state announced in October 2022 that it would be providing Gotion with incentives worth $715 million to attract its $2.4 billion factory to Michigan.”

This is despite the fact that Gotion

…is tied to China and the Chinese Communist Party (CCP) via its parent company, Gotion High-Tech. The Daily Caller News Foundation has reported extensively on the company’s links to China and the CCP, which include Gotion High-Tech’s employment of more than 900 CCP members as of 2022 and the fact that a visiting delegation of CCP officials set up a talent recruitment work station at Gotion’s California headquarters in 2017.

This is not a one-off by the wholly Democrat-controlled Michigan legislature, who, according to state Senator Jonathan Lindsey (R-17):

Governor Whitmer and the Democrats in Michigan are so married to this idea of taking Michigan taxpayer dollars and giving them to these corporations with ties to China, they refuse to budge. Last year they voted against preventing tax dollars from supporting child slave labor in China. This year they voted against reviews and limitations on those dollars flowing toward our global adversaries. What they’re doing is absolutely wrong for the people of Michigan.

As Michigan Senate minority leader Aric Nesbitt (R-20) further points out, “It’s shocking to watch the Democrat majority in Michigan hand over hundreds of millions in tax dollars from struggling Michigan families to multinational corporations that pledge allegiance to the Chinese Communist Party in their corporate documents.”

Yet, what of the Ford Motor Company, the quintessentially American corporation that was a major artery pumping munitions and materiel through the heart of the Arsenal of Democracy and into our military and allies’ hands? Like the Willow Run plant, Ford has another project seeking public subsidies. Unlike the Willow Run plant, however:

…Ford’s licensing deal with CATL, a Chinese battery manufacturer, has also drawn scrutiny. Ford planned to open a facility in [Michigan] – with the help of state incentives in excess of $1.5 billion – where it would manufacture batteries using CATL’s technology and know-how, but the company has since scaled down its planned factory, according to CNBC.

Perhaps it is an elected official and Navy veteran, State Representative Andrew Beeler (R-64), who, being well versed in the self-sacrifice made by our men and women in uniform and their families, so well expressed his consternation and concerns:

I didn’t spend years in the Navy pushing back against the Chinese Communist Party in the South China Sea only to come to the Michigan Legislature and give them government handouts… But House Democrats voted to let hostile foreign powers keep spreading influence and gathering intelligence on Michigan taxpayers’ dime.

Given the bipartisan opposition to spending taxpayer money to subsidize CCP-linked companies, one might be tempted to chalk this up to a case of imbecilic political hacks cutting off their nose to spite their face and hoping no one notices. Granted, it would not be the first time. Yet this is far worse. These useful elected idiots are spending taxpayer dollars to buy the CCP the razor that barbaric regime will use to cut our throat. That this is happening in Michigan could well constitute a final—suicidal—indignity to the arsenal of Democracy.

That this is happening at all constitutes an unconscionable affront to the citizen-soldiers who gave their last full measure of devotion for us.

Tyler Durden Mon, 05/27/2024 - 23:00
Published:5/27/2024 10:58:15 PM
[Uncategorized] Looking For Their Lost Keys Nothing which governments are doing under the name of climate makes any sense. It is all a smokescreen to hide other agendas. Published:5/27/2024 10:58:15 PM
[Foreign Affairs] In Europe, Foreign Legions Are Back

As great power conflict re-emerges, muscle memory kicks in.

The post In Europe, Foreign Legions Are Back appeared first on The American Conservative.

Published:5/27/2024 10:58:15 PM
[Markets] Israeli & Egyptian Troops Clash At Rafah Border, Leaving One Dead Israeli & Egyptian Troops Clash At Rafah Border, Leaving One Dead

In a significant escalation, an Egyptian soldier has been shot dead at the Rafah border crossing after a rare exchange of gunfire erupted between the two sides.

Israel's Channel 14 described that Egyptian security forces "fired on an Israeli truck at the Rafah crossing" and that immediately soldiers of the Israel Defense Forces (IDF) "responded to this with gunfire."

Rafah border crossing, Israeli Army/AFP

Quickly after, officials on both sides of the border agreed to cease firing, and the incident is under investigation.

International reports including in Bloomberg and the BBC say that an Egyptian soldier at the border was left dead in the shootout. Israel media sources are calling it "a violation of the peace agreement with Egypt."

The IDF subsequently confirmed: "There was a shooting incident on the Egyptian border; the [incident] is under investigation, [and] dialogue is taking place with the Egyptian side."

Times of Israel has quoted the country's Army Radio to describe current Israeli narrative of the incident:

The Ynet news site and Army Radio quoted unnamed Israeli military sources blaming Egypt for the deadly exchange of fire.

According to the reports, Egyptian forces opened fire first on Israeli troops at the Rafah Border Crossing, who responded with fire of their own.

The situation at the Rafah border crossing has been incredibly tense after Israel's military took over operations of the Gaza side. Palestinian officials had previously operated the post, but earlier this month the IDF took it over as part of the ongoing Rafah offensive.

Tensions with Egypt are also at boiling point given the concern that hundreds of thousands of refugees displaced by Israel's offensive could pour into the Sinai.

A US-backed peace treaty has guided Israel-Egypt relations since 1979...

Egypt's economy has already long been under strain and Cairo says it can't absorb mass numbers of displaced Palestinians. Large walled and enclosed 'tent cities' have been erected in the scenario where tens of thousands get across the border.

Tyler Durden Mon, 05/27/2024 - 22:20
Published:5/27/2024 9:54:36 PM
[World] [Orin S. Kerr] Our Strange Politics of Meaning Assignment A thought. Published:5/27/2024 8:45:50 PM
[Markets] Memorial Day 2050: How Will Future Americans Look Back On This Moment? Memorial Day 2050: How Will Future Americans Look Back On This Moment?

Memorial Day 2024... honoring the men and women who bravely fought and died while serving in the US military. Across the country, many Americans will visit cemeteries and hold memorials for the fallen, and participate in patriotic parades. 

Years down the road, or even by the middle of this century, will future historians and populations look back on this moment with a sense of regret, loathing, and disgust? 

Will future generations of Americans one day be honoring the fallen of a World War 3 nuclear-armed confrontation with Russia? At this moment, Washington planners keep marching the nation (and the world) toward the abyss, seen in public messaging like the following...

What will the children and grandchildren of this current generation say when they look back and reflect on this moment?

Will there be tens of thousands, or hundreds of thousands more fallen to memorialize on Memorial Day 2050?

Let us hope and pray this is not the case.

Tyler Durden Mon, 05/27/2024 - 21:00
Published:5/27/2024 8:45:50 PM
[] Monday Overnight Open Thread (5/27/24) Memorial Day Monday Edition ***** The Quote Of The Day Quote I "I have never been so relaxed in my entire life," "This is a way to experience nature effortlessly." FOX Business' Lauren Simonetti Whatevs Sugar Mammalian Protuberances... Published:5/27/2024 8:45:50 PM
[Markets] Justice Department fines Va. tech firm over ‘whites only’ job posting Arthur Grand Technologies, an IT firm based in Ashburn, Va., will pay more than $38,000 in penalties for a job ad that sought only White U.S. citizens. Published:5/27/2024 8:25:31 PM
[] 'Sick and Misogynistic': Megyn Kelly ROASTS Ru Paul's Drag Race Over Mastectomy Costume Published:5/27/2024 8:17:12 PM
[Markets] Here’s what summer prices look like for groceries, gas, utilities and more Published:5/27/2024 8:17:12 PM
[Entertainment] Hidden Walmart Fashion Finds TikTok Convinced Me To Buy Shop Hidden Walmart Fashion Finds We independently selected these deals and products because we love them, and we think you might like them at these prices. E! has affiliate relationships, so we may get a commission if you...
Published:5/27/2024 8:01:45 PM
[Government idiocy] Night Time Wind Power Fails Across the Entire Continent of Australia Remember all those assurances that the wind always blows somewhere? Not so much on the night of the 27th. Published:5/27/2024 8:01:44 PM
[Immigration] Denver Offers How-To Guide on Turning Cities into Taxpayer-Funded Immigrant Sanctuaries


Denver, Colorado, is offering a how-to guide to help other cities turn into immigrant sanctuaries at the expense of taxpayers.

The post Denver Offers How-To Guide on Turning Cities into Taxpayer-Funded Immigrant Sanctuaries appeared first on Breitbart.

Published:5/27/2024 7:52:51 PM
[Markets] Dow Jones Futures Rise After Holiday Weekend; 7 Stocks Near Buy Points The market rally had a mixed week as breadth narrowed. Microsoft and Merck led stocks near buy points. Here's what to do. Published:5/27/2024 7:52:50 PM
[a257dd67-860b-575a-b2b9-64b431bf1a30] Biden honors late son Beau in somber Memorial Day message: ‘The hurt is still real’ President Biden on Monday invoked the memory of his late son, Iraq War veteran Beau Biden, while addressing an audience at Arlington National Cemetery for a Memorial Day ceremony. Published:5/27/2024 7:43:15 PM
[Uncategorized] Border Patrol has Encountered Over 30,000 Chinese Nationals Since October

"The number of Chinese nationals encountered at the border since Oct. 1 is a 8,600% increase over all fiscal year 2021, when only 342 Chinese nationals were nabbed across the entire southern border."

The post Border Patrol has Encountered Over 30,000 Chinese Nationals Since October first appeared on Le·gal In·sur·rec·tion.
Published:5/27/2024 7:43:15 PM
[Markets] We Are Entering A New Phase In The War In Ukraine We Are Entering A New Phase In The War In Ukraine

By Peter Tchir of Academy Securities

Today we will just highlight a few things:

  • Thanks to all my colleagues and everyone who has served, and I want to spend an extra moment to honor those who made the ultimate sacrifice.
  • If you missed this month’s Around the World, it is an important read as it outlines Academy’s take on:
    • Israel commencing operations in Rafah.
    • Russian forces advancing on Kharkiv.
    • Xi meets with Putin in China.
    • U.S. force reduction in the Sahel.
  • While we cover the Xi and Putin meeting in the Around the World, I think there is also a case to be made that we are entering a new “phase” in the war in Ukraine. One where Russia will attempt to use social media to convince everyone that “peace” should be achieved, and where Russia is able to hold on to much of the land it occupies in Eastern Ukraine. It seems to be more than a coincidence that Putin appears to be publicly amenable to this sort of outcome after the meeting with Xi. It would also not be surprising given the information learned by observing how much social media seems to be able to shape political outcomes in the U.S. (the war in Gaza as a prime example). Could we be at the early stages of where we see the sort of deal we have been expecting for some time?
    • Our base case is that both sides will ultimately get forced into settling for some agreement that satisfies both countries, while not being particularly appealing to either country. Basically, Ukraine will cede some land and receive some of Russia’s frozen dollar reserves as payment, enabling them to pay some debts and embark on the reconstruction of their country.
    • Any such deal will be good for Europe as the rebuilding efforts will create demand for labor and equipment, but it will also be inflationary (at least initially). Globally, there would be some excitement as one of the Geopolitical Risks is taken off the table, but ultimately, not much will change as new global orders have already taken shape and will continue to do so, regardless of the outcome with Russia and Ukraine.
  • Overall, Geopolitical Risks remain topical. In our first Geopolitical Risk Perception vs Reality, we discussed the difficulty of incorporating geopolitical risk into “actionable” strategies. We focused on Cyber, Trade War, Commodities, the Middle East, Russia, and “wildcard” risks. We continue to see the markets underestimating the risk on the trade war and commodity front, while other risks seem to be perceived reasonably accurately relative to our view of the actual risk. If anything, Russia may have drifted into the “green” (potential positive surprise) from what we considered a neutral risk.
  • On the markets front, a few things seem to pop up again and again in discussions:
    • How are markets so strong with all of the Geopolitical Risks? We have tried to address that in the Risk vs Perception piece, and also in Hedging the Unhedgeable. There is no easy answer to this one, though I think the market has done a reasonable job and I’d look to own commodities and companies that would benefit from reconstruction in Ukraine or an effort to extract AND process more commodities “domestically” (either in the U.S. or with countries that we are very comfortable with politically and geographically – i.e. better control and access to those countries).
    • Last week we suggested that the market was Too Narrowly Focused on inflation and the minutiae of Fed policy. After a week of conversations, I don’t think that is the case. The market participants I speak with all seem to have coalesced around a reasonable view on the Fed:
      • We will get a cut or two this year, and a few more next year. No one seems to care much about whether it is 0, 1, 2, or 3 this year.
      • No one is really worried about the possibility of a hike, and people are consigned to the view that if we get a hike, it will only be because the economy remains incredibly strong, so it won’t be a big deal.
      • No one, in their main analysis and positioning discussions, is watching the tape nervously as economic data comes out.
      • Yet, the markets seem to respond to each headline as meaningful. Since I find it so difficult to identify people who care that much about any given headline, I can only assume that it is the “machines” that care. That algos and quant models are driving the show. Not sure whether that is good or bad, but it goes a long way to explaining the difference in what I see and hear versus what is actually happening in and around economic data. I do have to admit that the Citi Economic Surprise Index bounced last week and is less negative, which helps to explain why the 10-year ended the week near the high end of our range of 4.3% to 4.5%.
    • More and more notes about complacency and low volumes. I saw somewhere that SPY, a large S&P 500 ETF, had its 2nd lowest volume day in a year (only higher than the early close during Thanksgiving and one of the lowest full day volumes in years). VIX dropped back to 12. Anemic volumes may be helping push markets higher, but they are giving little confidence to investors, leading me to wonder how much the “machines” are in charge.
    • AI remains the big story. Having said that, I’m not sure how many people had NVDA up roughly 10% with the Nasdaq 100 down on Thursday. That certainly wasn’t a scenario I thought was plausible, yet It happened. Once again, it makes me wonder about market participation and liquidity.

As we spend time with friends and family at barbeques this weekend, these are the thoughts/questions we are facing as we start the week, and for many, there are no obvious answers. Maybe we continue to grind higher on stocks, setting new records (most barely above the prior record or where we were months ago), or maybe something shakes things up (likely a trade related or geopolitical event, that can be tied directly to the earnings prospects of companies).

Tyler Durden Mon, 05/27/2024 - 20:20
Published:5/27/2024 7:43:15 PM
[bc36849a-4d40-560c-b3f1-cfcb2688300a] Ryan Phillippe shares Reese Witherspoon throwback photo nearly 16 years after divorce: 'We were hot' On Monday, the “Prey" star took to his Instagram Story to share a photo of him and his ex-wife, Reese Witherspoon, posing together. The former couple is parents to daughter Ava, 24, and son Deacon, 20. Published:5/27/2024 7:43:15 PM
[Markets] Dow Jones Futures Rise On Holiday Weekend; 7 Stocks Near Buy Points The market rally had a mixed week as breadth narrowed. Microsoft and Merck led stocks near buy points. Here's what to do. Published:5/27/2024 7:34:30 PM
[Markets] US stock futures inch higher in slim trade as PCE data approaches Investing.com-- U.S. stock index futures rose slightly in evening deals on Monday, with focus largely on more cues on interest rates from key inflation data due later in the week. Published:5/27/2024 7:25:39 PM
[Markets] Absurd: Radical Leftist Rashida Tlaib Speaks At Conference Connected With Terrorist Group  Absurd: Radical Leftist Rashida Tlaib Speaks At Conference Connected With Terrorist Group 

Rashida Tlaib, a Congresswoman from Detroit and a member of the Democratic Socialists of America, spoke over the weekend at the "People's Conference for Palestine," linked to the Popular Front for the Liberation of Palestine (PFLP).

This group, an Arab nationalist movement with Marxist-Leninist ideology, is designated as a Foreign Terrorist Organization by the US. It has public-facing arms, such as Samidoun, working on behalf of the group, and active cells in many countries in Europe and North America. 

During the Saturday speech, Tlaib referred to members of the audience as the "squad" and demanded President Biden establish a "red line" on Israel's counteroffensive in Gaza. She criticized the president for "attacking the authority" of the International Criminal Court, which issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu last week over war crimes and crimes against humanity in Israel's mission to eliminate Hamas in Gaza. 

Among the speakers was Wisam Rafeedie, an activist linked to PFLP. The US State Department has designated the PFLP as a terrorist organization. 

According to the Director of National Intelligence, PFLP is a terrorist group based in the Gaza Strip and the West Bank. It unites Arab nationalism with Marxist-Leninist ideology. It promotes the destruction of "Israel as integral to the struggle to remove Western capitalism from the Middle East and ultimately establish a Communist Palestinian state with Jerusalem as its capital," the DNI writes on its website. 

DNI provides more valuable insight into the terror organization: 

The PFLP fostered links and carried out attacks with leftist militant groups across the world during the 1970s and was actively involved in the Second Intifada from 2000 to 2005, during which the group carried out suicide operations and launched multiple joint operations with other Palestinian terrorist groups. The PFLP's operational tempo has since declined, with only two attacks in the last five years, most recently in 2019 that killed an Israeli teen and injured multiple others.

"I don't need to tell you that you're on the right side," Tlaib said in her speech in Detroit, adding, "I don't need to. But I'll be damned if I wait ten years before they apologize to all of you for doing what was right at this moment."

A recent statement by Israel's Ministry of Defense specifies, "Samidoun organization was designated as a terrorist organization as it is part of the PFLP." 

"Representatives of the organization are active in many countries in Europe and North America, led by Khaled Barakat, who is part of the leadership of PFLP abroad. Barkat is involved with establishing militant cells and motivating terrorist activity in Judea & Samaria and abroad," MoD said. 

Barakat is married to leftist radical Charlotte Kates, the coordinator of Samidoun and a Rutgers University School of Law graduate. 

According to NGO MonitorPFLP and Samidoun "had a strong presence at encampments, demonstrations, and riots on American college campuses. Students have been documented carrying PFLP posters, flying the PFLP flag, hosting PFLP-linked speakers, and reading PFLP publications." 

The degrees of separation between PFLP and Samidoun are only a few steps, and now it should become increasingly apparent a terrorist group has been directly/indirectly fueling the chaos across America's elite colleges and universities. Yet, the Biden administration could care less, and the FBI is nowhere to be found publicly.  

As for Tlaib speaking at the PFLP-linked event in Detroit, we'll refrain from adding our commentary. Instead, here are some reactions from X users:

Where is the FBI?

Tyler Durden Mon, 05/27/2024 - 19:40
Published:5/27/2024 7:16:57 PM
[] Joe Biden Turns to Terry McAauliffe, Hillary Clinton in Hopes of Bolstering Flagging Reelection Prospects Published:5/27/2024 7:16:57 PM
[Markets] Stocks are making Americans feel richer — and the Fed’s inflation fight harder Published:5/27/2024 7:16:57 PM
[6c810850-a44e-596a-ac05-2507ee68c4d9] US agency identifies 3 soldiers who went missing during their service The Defense POW/MIA Accounting Agency has identified three soldiers who went missing during their service, allowing families the opportunity to finally say farewell to their loved ones. Published:5/27/2024 6:57:43 PM
[Entertainment] Ryan Phillippe Shares "Hot" Throwback Photo With Ex Reese Witherspoon Ryan Phillippe and Reese Witherspoon It's not Thursday, but Ryan Phillippe is reminiscing on the past. The Crash actor, who share kids Ava Phillippe, 24, and Deacon Phillippe, 20, with ex-wife Reese Witherspoon, posted a throwback...
Published:5/27/2024 6:57:43 PM
[Politics] Is Joe Biden’s $320 million humanitarian pier now sinking off the coast of Gaza?? It’s being reported now that part of Joe Biden’s $320 million humanitarian pier has now broken off and has begun sinking off the coast of Gaza. Here’s the news and video: The . . . Published:5/27/2024 6:57:43 PM
[] Memorial Day Cafe Tokyo That's not a joke caption, the Tokyo Tower is inspired by the Eiffel Tower. by @3yin_2yu via @Japan_City_Blues Watersking while being towed by a drone boat. You boys stop fighting. Frigid beaver. Charged up dog. This video of... Published:5/27/2024 6:32:17 PM
[Entertainment] Jimmy Kimmel's 7-Year-Old Son Billy Undergoes 3rd Open Heart Surgery Jimmy Kimmel, Billy Kimmel, Jane Kimmel, Molly McNearney Jimmy Kimmel is giving an update on his son Billy Kimmel. Over the Memorial Day weekend, the late-night host and wife Molly McNearney's 7-year-old underwent his third and hopefully final open...
Published:5/27/2024 6:06:22 PM
[Tornadoes] Tornadoes and Storms Leave 23 Dead as East Coast Faces Severe Weather The weather disrupted flights at airports from Atlanta to Boston on Monday after powerful winds and rain battered towns across the South over the weekend. Published:5/27/2024 5:57:46 PM
[World] Biden buries biggest diversity debacle in American education history Two weeks ago, President Biden whooped up the 70th anniversary of a landmark Supreme Court decision in a speech at the National Museum of African American History and Culture. Published:5/27/2024 5:48:40 PM
[World] Eyewitnesses describe horrific scenes after Israeli strike on Rafah camp At least 45 people were killed in the attack, the Gaza Health Ministry said. Benjamin Netanyahu called it a “tragic accident” and promised an investigation. Published:5/27/2024 5:48:40 PM
[Uncategorized] Anti-Israel Princeton Students Try to Stop Memorial Day Parade

Disgusting.

The post Anti-Israel Princeton Students Try to Stop Memorial Day Parade first appeared on Le·gal In·sur·rec·tion.
Published:5/27/2024 5:40:01 PM
[] To No One's Great Shock Ilhan Omar Doesn't Know What Memorial Day Commemorates Published:5/27/2024 5:40:01 PM
[Markets] "Global Trade War Looms, But It's Not Just Trade War To Fear" "Global Trade War Looms, But It's Not Just Trade War To Fear"

By Michael Every of Rabobank

History, Humility, and Wishful Thinking

The UK election and the “I will protect you, but forgot my umbrella” Tory campaign have both been shaken up by its pledge to bring back conscription for 18-year-olds. This is seen as a desperate gamble and sad joke by many commentators, and even ex-military leaders say it’s silly to enroll unskilled, unwilling young adults when the armed forces need more equipment of all sorts, which the recent 2.5% of GDP defense spending pledge falls very far short of. Yet the joke must also be on those laughing when the global backdrop is so very serious.

Stop thinking about Friday’s US PCE deflator data for a moment and look at the bigger picture. The main Bloomberg headline today is the G7 warning China over its trade practices. They want “balanced and reciprocal collaboration,” and will “consider taking steps to ensure a level playing field.” The US is already going to let tariff exclusions on hundreds of Chinese items expire, and the EU may be leaning towards a high tariff on Chinese EVs. Elsewhere, China is asking South Korea to maintain stable supply chains, as it moves closer to the US, and even Brazil, Chile, and Mexico have recently raised tariffs on Chinese steel.

In short, global trade war looms, and as Bastiat noted, “If goods don’t cross borders, soldiers will.” The problematic inverse is that even Adam Smith implied if some goods cross borders, soldiers don’t need to, and others won’t be able to when needed.

It’s not just trade war to fear. China just finished a huge military exercise that clearly rehearsed a blockade of Taiwan and says it will no longer accept US congressional delegations to Taipei: one including the CEO of Nvidia just opted to visit anyway. Tens of thousands of Taiwanese are on the streets protesting a “parliamentary coup” led by the pro-China KMT party and its ally aimed at weakening the new president, further stirring the national-security pot.

Russia apparently wants a ceasefire in Ukraine, which would allow it to keep all it has already taken. Of course it does: those are the most attractive terms available for anyone in that position. However, a further escalation in fighting still seems more likely. Indeed, NATO chief Stoltenberg now backs allowing Ukraine to use Western weapons to hit Russian forces inside Russia’s pre-2014 territory, which will only deepen the perception in Moscow that it is at war with the West and not just Ukraine. Russian responses obviously could range from the military within Ukraine, where fears of the potential use of tactical nuclear weapons may again re-emerge following recent military drills with them, but likely in the grey zone of sabotage and economic warfare wherever they can hurt most – which for the EU is lots of places.

The US just lifted its ban on arms sales to Saudi Arabia. The Israel-Hamas war continues despite the recent rulings of the International Criminal Court and the International Court of Justice, the latter giving a more nuanced legal opinion than many initially read into it. Israel’s fight with Hezbollah in Lebanon continues to escalate in tandem. Related Houthi attacks just claimed their first (unsuccessful) strike on a ship in the Med: others will follow, maybe closing off another major international waterway; and when do the Houthis share that military technology with forces in East and West Africa who want to block Western shipping going that alternative route rather than via Suez? Freight rates already spiking again, with warnings this can get worse. Relatedly, Russia just struck a Red-Sea-port-for-guns deal with Sudan, meaning they now have belt of influence and boots on the ground right across the Sahel.

If you have time today, read ‘Confronting Another Axis? History, Humility, and Wishful Thinking by Peter Zelikow. It’s the most detailed historical argument yet showing what I flagged in 2018 as a key risk markets were ignoring – that the US would see a coordinated pushback from China, Russia, Iran, and North Korea, which it would be ill-placed to resist with its current economic structure. The author says, “a serious possibility of worldwide warfare may be only in the 20–30% range. But that assessment is not reassuring.” Indeed, it isn’t!

While he agrees US defense supply chains will be rebuilt --transforming it, global trade, and markets-- the next 1-3 years will prove exceptionally perilous as this all happens. He specifically warns, “The US does not have the strategic initiative in the present conflict. It is reacting to choices made by others, which its analysts may not anticipate and understand… I believe the anti-American partnership has probably decided to double down. They are probably preparing in earnest for a period of major confrontation.”

Yet markets are wishing for large rate cuts. The only way this makes sense is the geopolitical argument of keeping debt servicing costs low enough to expand military production: but today that implies locking in higher inflation too. Hence my view that we will need a hybrid tight-and-loose fiscal-and-monetary policy, as was the case prior to our roll-out of neoliberal global financialisation in the 1980s.

Those in the real economy cannot be as blithe as markets: the physical economy is changing. We can see that in the global trade war that looms, and the policies being offered in the UK and the US.

And if the politics and the physical economy must change more, logically so must central bank architecture: it’s impossible it remains the same against that kind of backdrop. Coincidentally, an Australian senator recently lashed out at the RBA in a manner applicable to all Western central banks now:

“The RBA is clueless as to how monetary policy works. In 1985, Paul Keating lifted government capital controls. This meant that private banks were no longer restricted as to how much money they could borrow from offshore banks and what they used it for.

The private banks had $8bn in foreign debt in 1985. By 2008 they had $800bn in foreign debt. This lifted house prices from 4 times average earnings to around 12 times average earnings. Banks now lend 70% to households and only 30% to business… The 1937 Banking Royal Commission recommended that the central bank should control the volume of credit in the system as opposed to private banks.

In 1992, the RBA was made independent, and APRA was split off in the late 1990s. It’s a sad reflection on just how little monetary policy is understood that RBA officials had no idea as to what I was talking about when I asked why they don’t establish an infrastructure bank.

It beggars belief that the RBA could print $300bn to pay people to stay at home and get brainwashed by State Premiers but not actually set about funding Australia’s infrastructure, which would actually solve our productivity crises, which is what is driving inflation.”

Just include national security in with ‘infrastructure’, and you are where I’ve said we would be: which is a long, long way from thinking that US personal consumption expenditure is the most important global metric to be focusing on.

Of course, financial markets will Keep Calm and Carry On: because they are in denial; 20-25% is ‘not worth trading’ as a tail risk; they have no idea how to translate into their specific assets; if they take the WW3 view, they might as well just ‘Buy All the Things’ anyway; and, as Zelikow puts it, “It is really hard, cognitively and institutionally hard, to hold open a doorway to the emptiness of what we don’t know and adapt to changing circumstances.”

Tyler Durden Mon, 05/27/2024 - 18:20
Published:5/27/2024 5:31:42 PM
[8796d904-55a1-54bc-9326-2fc64e791105] Jelly Roll admits marijuana keeps him sober from Xanax, cocaine and codeine: 'Hot button topic' Jelly Roll is getting candid about his sobriety. The "Save Me" singer explained how “marijuana has kept" him “sober." Published:5/27/2024 5:23:00 PM
[] Climbing the World's Tallest Chimney Published:5/27/2024 5:14:35 PM
[3490cac6-bc43-5fe0-a4ea-af871571cdcb] Kelly Osbourne says Hollywood exec told her she was ‘too fat’ for TV, would ‘look better’ if she lost weight Kelly Osbourne said the incident happened after she was cast in the 2003 film, "Freaky Friday." Published:5/27/2024 5:05:56 PM
[Politics] Joe Biden makes surprise visit to the biggest witness against Hunter Biden right before his gun trial, Hallie Biden… Joe Biden went to visit Hallie Biden just before Hunter Biden’s gun trial is set to begin. Hallie is said to be the biggest witness against the son of the crime family . . . Published:5/27/2024 4:57:32 PM
[In The News] Biden Admin Urges Allies Against Confronting Iran On Nuclear Program Ahead Of US Elections: REPOR

by Jake Smith at CDN -

Joe Biden Iran Hamas

The Biden administration is asking its European allies not to confront Iran on its nuclear program ahead of the U.S. elections in November, several diplomats involved in negotiations told The Wall Street Journal. The U.S. and the West at large have become increasingly concerned about Iran’s rapidly growing nuclear program, …

Click to read the rest HERE-> Biden Admin Urges Allies Against Confronting Iran On Nuclear Program Ahead Of US Elections: REPOR first posted at Conservative Daily News

Published:5/27/2024 4:57:32 PM
[Electric and Hybrid Vehicles] Biden Doesn’t Want You Buying an E.V. From China. Here’s Why. The president wants to shift America’s car fleet toward electric vehicles, but not at the expense of American jobs or national security. Published:5/27/2024 4:40:14 PM
[Markets] Boeing's Starliner Crewed ISS Mission Will Still Launch Despite Helium Leak Boeing's Starliner Crewed ISS Mission Will Still Launch Despite Helium Leak

After a nearly one-month delay, NASA and Boeing are moving forward with the CST-100 Starliner launch despite a helium leak. This crewed mission will mark the first time the spacecraft ferries astronauts to the International Space Station.

On Friday, NASA and Boeing officials told reporters that a problematic valve was replaced after the scrubbed May 6 launch attempt. Shortly after, engineers found a "small" helium leak with Starliner. 

NASA Associate Administrator Ken Bowersox said, "It's taken a while for us to be ready to discuss" the helium leak problem. 

"It's so complicated. There are so many things going on. We really just needed to work through it as a team," Bowersox said.

NASA and Boeing say a defective seal caused the leak in one of the flanges of the spacecraft's helium propulsion system. It was not immediately clear whether the seal was installed improperly or manufactured incorrectly.

Steve Stich, the manager of NASA's Commercial Crew Program, explained the Starliner can still fly with the helium leak:

"Should we be wrong about something, we could handle up to four more leaks.

"And we could handle this particular leak if that leak rate were to grow, even up to 100 times in this one (propulsion module)."

Stich pointed out that NASA has "flown vehicles with small helium leaks" before, including "a couple of cases" from Elon Musk's SpaceX's rockets. 

Another review of the leak is slated for Wednesday. The rocket and capsule are set to be rolled out onto the launch pad at Cape Canaveral Space Force Station in Florida on Saturday. 

Tyler Durden Mon, 05/27/2024 - 17:00
Published:5/27/2024 4:23:31 PM
[Entertainment] 41 Stars Share Go-To Sunscreen: Sofía Vergara, Kyle Richards & More Shop Celebrity Sunscreens Kyle Richards, Sofia Vergara, Garcelle Beauvais We shared these celebrity-chosen items because we think you'll like their picks at these prices. Some of the products shown are from a brand they are paid to endorse. E! has affiliate...
Published:5/27/2024 4:23:31 PM
[Entertainment] ‘Furiosa’ and ‘Garfield’ flop over Memorial Day weekend The box office returns for Memorial Day weekend appeared to be nearing a record low, starting the summer box office run with a whimper. Published:5/27/2024 4:23:31 PM
[] Rehabbing a Bald Eagle with a Broken Wing (Open Thread) Published:5/27/2024 4:06:56 PM
[Politics] ‘Squad’ Members Ilhan Omar, Cori Bush Confuse Memorial Day for Veterans Day

Cori Bush and Ilhan Omar
“Squad” members Reps. Ilhan Omar (D-MN) and Cori Bush (D-MO) appeared to confuse Memorial Day with Veterans Day.

The post ‘Squad’ Members Ilhan Omar, Cori Bush Confuse Memorial Day for Veterans Day appeared first on Breitbart.

Published:5/27/2024 3:58:45 PM
[In The News] China Pumps Tens Of Billions Into Key Industry Amid Tech War With US

by Will Kessler at CDN -

The Chinese Communist Party has launched a $47.5 billion state-backed investment fund to strategically boost the semiconductor industry in competition with the U.S., Reuters reported Monday. The 344 billion yuan investment is the biggest of three funds that have been established, with the first being created in 2014, providing 138.7 …

Click to read the rest HERE-> China Pumps Tens Of Billions Into Key Industry Amid Tech War With US first posted at Conservative Daily News

Published:5/27/2024 3:58:45 PM
[Climate News Roundup] Weekly Climate and Energy News Roundup #599 “I learned very early the difference between knowing the name of something and knowing something.” ? Richard P. Feynman Published:5/27/2024 3:58:45 PM
[Uncategorized] Biden Admin Pressuring Britain, France Not to Rebuke Iran Over Nuclear Program Expansion

"Iran has 142.1 kilograms (313.2 pounds) of uranium enriched up to 60% — an increase of 20.6 kilograms (45.4 pounds)" as of May 11.

The post Biden Admin Pressuring Britain, France Not to Rebuke Iran Over Nuclear Program Expansion first appeared on Le·gal In·sur·rec·tion.
Published:5/27/2024 3:50:06 PM
[9ad29a4b-5801-5c2d-808e-1b31fc2381e6] Trump makes endorsement in race to unseat top Democratic senator Former President Donald Trump made a key endorsement in Virginia, giving the nod to former Navy Captain Hung Cao in the race to unseat incumbent Sen. Tim Kaine. Published:5/27/2024 3:50:06 PM
[Markets] Some buzzy AI names highlight this week’s earnings slate — along with Costco Published:5/27/2024 3:50:06 PM
[World] Counter point: Fossil fuels help the environment One of the biggest pushbacks to economic development today is the claim that growth destroys nature. Published:5/27/2024 3:41:21 PM
[] Narcissist in Chief Joe Biden Used His Memorial Day Remarks to Once AGAIN Discuss His Son's Death Published:5/27/2024 3:33:06 PM
[Markets] CEO Of Russia's Second-Largest Bank Warns: "US Is Inevitably Headed For A Serious Economic Crisis" CEO Of Russia's Second-Largest Bank Warns: "US Is Inevitably Headed For A Serious Economic Crisis"

Last September, we told readers that the US national debt was skyrocketing at a staggering $1 trillion every three months—roughly every 100 days.

Since then, the debt spending has gotten worse. 

Out-of-control spending has delayed the US economy's day of reckoning in this year's presidential election cycle. But it has become very evident an economic crisis looms in the years ahead. 

One River Asset Management CIO, Eric Peters, recently said, "I have a growing conviction that in the coming 2-5 years, we're going to face a US debt sustainability crisis, sparking a major global market event." 

BofA CIO Michael Hartnett recently noted what we said previously about the unsustainable debt explosion... 

And now, fresh comments from Andrey Kostin, CEO of Russia's second-largest bank, have emerged—comments that Western mainstream media dare not share with their audiences. Why is that? ... Well, the Washington censorship blob wouldn't allow it.

Russian state-owned news agency TASS cited Kostin's interview with the Fontanka publication, who warned if it wasn't for the dollar's status as the world's reserve currency, a sovereign debt crisis would've already been underway in the US. No matter what, he warned the US economy is on the verge of an economic crisis. 

"I am thoroughly convinced that America is inevitably headed for a serious economic crisis. The amount of debt currently held by the US today has reached inconceivable, astronomical levels. And the dollar's monopoly on the global stage is the only thing enabling the Americans to maintain such a level of debt. If the Chinese or the Arabs took their money out of the US, a complete collapse would ensue for the financial sector and the government," he said. 

Kostin added:

"If the West fails to revise its policy I think that the move toward the collapse of the colonial system will only accelerate." 

Kostin noted that China has been disposing of US government debt. Last month, we asked: "Is China's 'Dumping' Driving US Treasury Yields Higher?" 

China's Treasury holdings are back to levels not seen since June 2009. 

It's not just China. Treasury holdings are 'relatively' flat (based on Fed custody data), while according to The IMF, the world's sovereign nations have been panic-buying gold.

It's not just Kostin sounding the alarm about a looming US debt crisis — Wall Street analysts have echoed the same dire warnings. 

Here's a question: What ever happened to the economic collapse of Russia via endless Western sanctions? 

Tyler Durden Mon, 05/27/2024 - 15:40
Published:5/27/2024 3:16:04 PM
[] Denali National Park Boss DESTROYED After Saying American Flags 'Detract From Park Experience' Published:5/27/2024 3:07:45 PM
[] Pitbull and Parrot Are Best Frenz Published:5/27/2024 3:07:45 PM
[World] Kate Middleton & Prince William Mourn Death of RAF Pilot After Crash Prince William, Kate Middleton The royal family is sending their condolences.  Prince William and Kate Middleton honored the death of Mark Long, a British Royal Air Force (RAF) pilot who crashed while flying a World War II-era...
Published:5/27/2024 2:58:37 PM
[] Leak, Schmeak: NASA Gives Go Ahead for Manned Starliner Launch Published:5/27/2024 2:49:44 PM
[Religion and the Law] [Eugene Volokh] Religious Exemption Claim Brought by Employees Who Objected to COVID Vaccination and Testing Can Go Forward So says a federal appellate court, applying federal employment law, which requires employers to exempt religious objectors even from generally applicable job rules, unless exemption would impose an "undue hardship" on the employer. Published:5/27/2024 2:49:44 PM
[53add443-eb45-567b-a316-040381996db3] Kate Beckinsale hits back at critics calling her too ‘thin,' explains mystery hospitalization Kate Beckinsale previously shared she was hospitalized for an undisclosed medical issue. Beckinsale has now explained she had a Mallory-Weiss tear. Published:5/27/2024 2:49:44 PM
[TSLA] Celestica: Let Your AI Winners Run Further Published:5/27/2024 2:32:34 PM
[Markets] Saving Our Democracy This Memorial Day Saving Our Democracy This Memorial Day

Authored by James Howard Kunstler via Kunstler.com,

“We must stop Donald Trump.”

- President “Joe Biden”

Surely it was the right thing to do for President “Joe Biden” to remind the nation of the tragic loss of George Floyd four years ago this Memorial Day weekend.

At the time, the man known as “the Black Thomas Edison” was rumored to be this close to achieving an economically viable system for producing electricity via atomic fusion using the fentanyl molecule (C22H28N2O) combined with the nuclei of alcohol (C2H6O), releasing enough energy from one gram to power a city the size of Minneapolis for a day.

The math he left behind on his chalkboard spells it out:

17.6 MeV×1.60218×10?13 J/MeV?2.82×10?12 J

You see how that works?

Alas, Dr. Floyd had apparently ingested a small amount of these experimental substances accidently before leaving his lab May 25, 2020, when he encountered the white supremacist police officer Derek Chauvin outside a Cup Foods convenience store in Minneapolis’s “Powderhorn” neighborhood. For reasons never understood, despite manifold judicial inquiries, the officer dragged the Great Man out of his car — where he was polishing some of the requisite algebra in his notebook — and for no reason at all placed one knee, and all his weight, on Dr. Floyd’s neck, constricting his airway and causing his death.

The nation erupted in violence, and you know the rest of the story: no cheap energy for you, you nation of white supremacist asswipes!

And so it has gone since that fateful day: one darn thing after another.

Luckily though — and with a little help from Mark Zuckerberg’s Center for Tech and Civic Life (CTCL) - the vigilant “Joe Biden” presides in the White House, keeping America safe for democracy, by democracy, and of democracy. The country has never experienced so much democracy. The Brookings Institution even warns that the country might be close to a democracy overload, in which the popular will is so immense that everyone in all fifty states thinks the same morally correct thoughts all day long without giving offense or making any space unsafe or dis-including any diverse category of human (except white supremacists) from his, her, or they’s share of the nation’s limitless wealth.

“Joe Biden” has been especially effective at containing the Grand Golem of all white supremacists, Trump, from deconstructing our utopian democracy. This Trump uttered perfidious misinformation that the 2020 election was less than fair and upright. He is under indictment in Fulton County, GA, for conspiring to transmit this incorrect thinking to other white supremacists and creating an unsafe space for GA Sec’y of State Brad Raffensberger by asking him to “find” additional votes. What log was Bradraff supposed to look under, anyway (ha ha!)?

The case is being guided by Fulton County DA, the indomitable Fani Willis, at least for now, as she awaits a process known as getting the bidness from a white supremacist so-called ethics committee in the Georgia State Senate, where she has been falsely accused of mis-spending state money on vacations with erstwhile special prosecutor Nathan Wade. These trips were, of course, fact-finding efforts. One fact found is that the white supremacist cruise ship directors attempt to kill black people by luring them into all-you-can-eat buffets at sea, from which escape is impossible.

“Joe Biden” also got Attorney General Merrick Garland to appoint Lawfare paladin Jack Smith to prosecute this nefarious Trump in the most upright of all federal court districts, Washington, DC, for instigating what “Joe Biden” recently called an “erection” against our democracy. Trump, you see, told a gigantic mob of white supremacists to penetrate our nation’s capitol building so as to obstruct certification of the 2020 electoral vote and murder then-Speaker Nancy Pelosi, if possible, along with all congresspersons of color. Legal experts at MSNBC, Andrew Weissmann (of the Mueller Special Counsel office), and Andy McCabe (former Deputy Director of the FBI), have already found this Trump guilty, and they know about these matters better than anybody, so the trial under Judge Tanya Chutkan may be unnecessary.

Things are not going quite so well for SC Smith in the Martin County Federal Court of Judge Aileen Cannon, where this Trump stands accused of fobbing off with classified government documents, claiming some fabricated sort of presidential privilege — unlike “Joe Biden” who got his classified docs before he was president and therefore does not have to claim any such privilege (and was understandably “forgetful” when asked about the docs by the other SC Robert Hur). In any case, AG Garland can always dispatch an FBI SWAT team to Judge Cannon’s home to spur an attitude adjustment on the bench, if required.

Hopes really rest, though, on the current case against the Grand Golem Trump in Judge Juan Marchan’s Manhattan courtroom, where the most supreme of all white supremacists stands accused of book-keeping irregularities in furtherance of federal crimes so unspeakable that they have never actually been spoken. The case, engineered by veteran DC Golem hunters Mary McCord, Norm Eisen, Lisa Monaco, and Matthew Colangelo, fronted by Manhattan DA Alvin Bragg, goes to the jury after final arguments this week.

Judge Marchan is expected to instruct the jury to vote guilty because no other conclusion is possible. Thus, Judge Merchan will be celebrated far and wide for saving our democracy. But that’s not all. After the most excellent verdict of guilty X-23-Plus, he will have the pleasure of sentencing this Trump to life in the Rikers Island prison complex, where it will be difficult for the Grand Golem to organize any white supremacist activities and will be relegated to a diet of baloney sandwiches for the duration of his term.

The only downside for this scenario is that Trump might get elected President of the USA despite conviction, and on January 20, 2025, commence operations to put “Joe Biden” and all the others in his train of officials in jail for the rest of their natural lives. You have to wonder if they’re thinking about that this holiday weekend.

*  *  *

Support his blog by visiting Jim’s Patreon Page or Substack

Tyler Durden Mon, 05/27/2024 - 15:00
Published:5/27/2024 2:23:32 PM
[19b2b5d8-a1d0-5549-9e28-beef8509ff42] ‘Top Gun: Maverick’ star Glen Powell nearly went broke waiting for film’s debut, ‘depleting a bank account’ Due to the onset of the COVID-19 pandemic, Tom Cruise's "Top Gun: Maverick" wasn't released until two years after production wrapped. Glen Powell portrayed Lt. Jake "Hangman" Seresin in the sequel. Published:5/27/2024 2:23:32 PM
[] Oktoberfest Organizers Ban Popular Song Because They're Afraid People Might Sing the Wrong Words to it Published:5/27/2024 2:06:04 PM
[] Politico: School Choice Has Allowed Parents to Choose Good Schools in Florida, and Now the Bad Government Schools Are Closing, and That's... Bad, for Some Reason. But liberals really care about the children and not just the government workers, right? Gov. Ron DeSantis and Florida Republicans have spent years aggressively turning the state into a haven for school choice. They have been wildly successful, with tens... Published:5/27/2024 2:06:04 PM
[Uncategorized] Second U.S. Human Case of Bird Flu Linked to Dairy Cows From Michigan

As with the Texas case, the Michigan patient got a bad case of pink eye. However, 6.5 million chickens in the state were slaughter and an egg producer just had a massive layoff.

The post Second U.S. Human Case of Bird Flu Linked to Dairy Cows From Michigan first appeared on Le·gal In·sur·rec·tion.
Published:5/27/2024 1:41:28 PM
[Markets] "Holy F**K": US Military Hid Quantico Breach Attempt By Jordanians In Box Truck In Possible Dry-Run "Holy F**K": US Military Hid Quantico Breach Attempt By Jordanians In Box Truck In Possible Dry-Run

Weeks ago, two individuals in a box truck attempted to breach the gates at Quantico Marine Corps Base in Triangle, Virginia. Armed guards immediately stopped them, and the base's top brass quickly covered up the incident.

The reason for burying this incident? It's an election year for President Biden - and this type of news is politically explosive. The suspects were two Jordanian nationals, one a known terrorist, raising suspicions that they entered illegally through the Biden administration's open southern border, as one report says, adding this could've been a dry run for a potential vehicle-borne improvised explosive device attack.

Potomac Local News first reported the incident. Since then, the New York Post has exposed how the May 3 incident was potentially covered up, even for those on the base for two weeks. 

Matt Strickland was the first to report the incident to the local media outlet. He told NYPost, "After I [raised the alarm], I had people who work at Quantico messaging me saying, 'Holy f—k, when did this happen?" 

He said, "Two weeks after it happened, Quantico finally put an email out to employees on base letting them know." 

"It was basically 'F—k, guys, I guess we aren't going to be able to keep this secret, we should try to do some CYA' [cover your ass]," said Strickland, a former Blackwater contractor and combat incident analyst at the National Ground Intelligence Center. 

Strickland said, "Every American has a right to know what happened at Quantico," adding, "Citizens have a right to know what is going on in their backyard." 

Why is that, you ask?

Well, as the NYPost explained:

Some reports speculated the two men arrested had recently crossed the southern border into the US, and one was on the US government's terrorist watch list.

Strickland was told one of the people involved had a Virginia ID, while the other was a terrorist. The Post has not been able to independently verify either rumor.

Both men are in Immigration and Customs Enforcement (ICE) custody. Authorities would not comment further, only saying the two will remain in ICE custody until deported.

Strickland continued:

"Who would they be keeping that information from? The reasoning would be so the terrorists, or whoever the Jordanians are working for, don't know all the information. But whoever those two Jordanian men are working for already know what they planned to do and that they were apprehended.

"The only people who don't know what happened are the American people."

This is why Strickland believes the incident was abruptly covered up:

"The secrecy is purposeful because it was illegal immigrants, one of who was on the terror watch list, who breached the gates. 

"And they're allowing these illegal immigrants to come across the border."

The NYPost's Editorial Board asks...

And this is not the first incident. We covered a report over the weekend of two undocumented Chechens, with one using a "telephoto lens" - taking photos outside the home of an elite US Army special forces colonel near Fort Liberty, formerly Fort Bragg, in North Carolina.

None of this should be surprising to ZH readers. The Biden administration's experiment of letting unvetted and unvaxxed illegal aliens into the nation - upwards of ten million - is truly shocking. Even the Department of Homeland Security admitted the southern border has been open to terrorists and criminals. The FBI has made similar warnings, with known terrorists apprehended on the border. 

Recall earlier this year, Ohio Sheriff Richard K. Jones warned, "There are more red flags going off now than before 9-11" thanks to open southern borders. 

Also, an Iranian intelligence officer is running around America, plotting assassination attacks against former and current government officials. 

Don't forget the countless terrorists that have already crossed the border and are unknown at this point because of open southern border policies. 

Great job, Democrats. The American people will never forget how open southern borders have fueled chaos nationwide—all because you want a new voting base. How selfish. This issue will haunt the party in the upcoming elections, as the majority of Americans are fed up.

Tyler Durden Mon, 05/27/2024 - 14:20
Published:5/27/2024 1:41:28 PM
[World] Are money managers playing politics with your pension? Are you paying attention to what the money managers you've entrusted with your lifetime savings are doing with your money? Published:5/27/2024 1:32:46 PM
[29b390cd-77c3-5a47-ab65-c4a12014a75d] Biden visits daughter-in-law's home ahead of her expected testimony in Hunter Biden trial President Biden visits the home of the wife of his late son Beau Biden on Sunday. Hallie Biden is expected to testify in Hunter Biden's gun trial. Published:5/27/2024 1:32:46 PM
[Entertainment] Horse Riding Star Georgie Campbell Dead at 37 After Fall at Event Georgie Campbell The equestrian sporting community is mourning one of its own. Georgie Campbell died after falling from her horse during a competition at the Bicton International Horse Trials in southwest England...
Published:5/27/2024 1:32:46 PM
[Politics] Ilhan Omar got Memorial Day completely wrong Ilhan “some people did something” Omar got Memorial Day completely wrong in a tweet she posted earlier today. Omar tweeted “On Memorial Day we honor the heroic men and women who served . . . Published:5/27/2024 1:32:46 PM
[World] Free People Is Having a Rare Memorial Day Sale, Shop Styles Under $20 Shop Free People Memorial Day Sale We independently selected these deals and products because we love them, and we think you might like them at these prices. E! has affiliate relationships, so we may get a commission if you...
Published:5/27/2024 12:47:32 PM
[Markets] David Stockman On The Continual Rise In The Cost Of Living... And Why The Fed Has No Shame David Stockman On The Continual Rise In The Cost Of Living... And Why The Fed Has No Shame

Authored by David Stockman via InternationalMan.com,

Jay Powell did it again assuring the 1% that he has their back.

Markets recovered their poise over the last 24 hours, as investors were relieved after Fed Chair Powell stuck to his recent views on the economic outlook. In his remarks yesterday, he said that recent data didn’t “materially change the overall picture” and that on inflation “it is too soon to say whether the recent readings represent more than just a bump.” In addition, he reiterated that if “the economy evolves broadly as we expect, most FOMC participants see it as likely to be appropriate to begin lowering the policy rate at some point this year.” So that all helped to validate market pricing, which still expects 71 bps of rate cuts from the Fed by the December meeting.

Needless to say, the man has no shame. And that’s to say nothing of intellectual firepower. There is not even a smidgen of a case that rate cuts in the present context will help main street, and the Fed heads and their Wall Street megaphones don’t actually even try to make that argument.

Instead, they argue for rates cuts by default. If by some tortured version of the CPI (i.e. the “supercore” index, which eliminates 61% of the CPI items by weight) they can espy the in-coming inflation trend settling into a liberally defined vicinity of 2.00%, that’s purportedly good enough to end the money-printing pause that has been in place since March 2022. Thereafter, it’s back to business as usual, flooding the canyons of Wall Street with cheap credit and a new burst of financial asset inflation.

Never mind that in this particular inflation-cycle, the general price level is up by 28% since January 2017 and that tens of millions of households and businesses have been badly damaged, even as others harvested windfall gains. When it comes to inflation and all the other so-called macroeconomic metrics on their dashboards, past history–even the recent past—is dead to the Fed heads.

Instead, it’s all about the current and especially the prospective rate of change as embodied in the silly “dot-plots” they gurgle around in their brains and update four times per year.

And we do mean silly. After all, if the consensus of the 19 geniuses who participate in the dot-plot guessing game espies say a 2.27% gain in the supercore index over the next year, so what?!

The fact is, the US economy needs a lot more relief from its recent inflationary pounding than the Fed’s guesstimated rate of slowdown in the forward year rise of the price level. After all, here is the increase in the core cost of living items since January 2017.

Change in Core Cost-of-Living Components Since January 2017:

  • Food: +32%.

  • Shelter: +34%.

  • Energy: +35%.

  • Transportation Services: +36%.

In the case of savers, retirees, wage-earners in globally impacted industries where wages haven’t kept up with the CPI, isn’t the above enough punishment? Doesn’t it actually amount to state-directed expropriation of their living standards and modest accumulated wealth?

In any event, what the hell is so almighty urgent about rate cuts when the economy is still growing apace and the cumulative inflation of the last seven years has not been relieved in the slightest?

Increase In Major Cost-of-Living Components of the CPI Since January 2017

The dog-eared claim that rate cuts will enhance the growth rate of output, jobs, investment and spending on main street just doesn’t wash. Artificially low interest rates overwhelmingly fuel borrowing for speculation and financial engineering (e.g. stock buybacks) on Wall Street, not borrowing for productive investment on main street or even for enhanced “consumption” by the household sector, which is now buried in debt up to the gills after decades of easy money.

In fact, the only way that easy money causes households to spend more than the growth rate of their incomes is if they steadily increase their debt-to-income or leverage ratio. That generates incremental borrowings, which in turn can supplement spending derived from current period income.

And that’s exactly what happened in the half-century leading up to the great financial crisis. The household debt-to-income (wage and salary basis) ratio posted at 70% in 1960, but vaulted skyward thereafter, especially after Greenspan opened the spigots at the Fed after 1987. By Q1 2009 that household leverage ratio stood at 227% (purple area), and it was that massive increase in leverage which goosed household spending during this interval of time.

No more. Since Q1 2009 the household sector has been slowly but steadily deleveraging, with the ratio now down to 166% as of Q4 2023. What that means is that the Fed’s magic “stimulus” elixir simply doesn’t work any more in the household sector. It gooses organic spending not one whit.

Explosion of Household Debt Leverage During 1960 to 2009 and Deleveraging Since Then

As to the supply-side growth canard, it cannot be gainsaid that the amount of monetary stimulus has been off the charts relative to all prior history. In fact, the Fed’s balance sheet at @ $7.5 trillion is still more than 8X its pre-crisis level in Q4 2007.

Yet when it comes to real growth of value-added production during the six year period from Q1 2018 to Q4 2023, the chart below tells you all you need to know. To wit, real value added output in the health care, education and social services sector grew at a 2.71% per annum rate, which was 3X the 0.90% real growth rate of the nondurable goods production sector.

Self-evidently, the former sector does not need easy money or ultra-low interest rates to grow. Demand in the health, education and social services sector is overwhelmingly financed by government fiscal transfers, including the massive subsidies implicit in the medical care deductions and preferences of the IRS code.

Indeed, the red line in the chart below represented the fastest growing sector of the US economy by far during that six year period, but we’d dare say none of those gains depended upon low interest rates. The sector’s munificent funding actually flows from statutory entitlements and long-standing tax code provisions, which generate essentially the same level of demand and sector output whether the Federal funds rate is 1% or 7%.

At the same time, it is highly unlikely that a return to low rates will do much for the moribund growth rates in the industrial economy, as represented here by real-value added in the nondurable goods industries. Long ago, much of US production of shoes, shirts, sheets, household supplies and the like was off-shored to lower cost venues abroad. And locking in the current inflated domestic costs levels plus another 2-3% per year going forward will not bring them back.

In sum, the Fed’s fiddling with interest rates is largely irrelevant to the supply-side path of the two industries shown below, and countless more just like them.

Real Value Added: Education, Health Care and Social Assistance Sector Versus Durable Goods, 2018 to 2023

Finally, it is tantamount to laughable to claim that the Fed needs to revert to the rate cutting modality in order to stabilize the financial markets and main street economy and to compensate for the purported inherent volatility of the free market.

Oh, puleese!

Every one of the main street recessions and financial market crises of the past six decades has been caused by the state and the machinations of its central banking branch. The very idea that there is an implicit third mandate called “financial stability” (after inflation control and full employment) is risible. It puts you in mind of the young man who killed both parents and then threw himself upon the mercy of the court on the grounds that he was an orphan!

At the end of the day, sharply cutting rates any time this year or for some time to come thereafter would amount to a financial crime. After just a short stay of approximately eight months barely in positive territory (purple area) since July 2023, inflation-adjusted or real rates would be back below the zero bound, where they have destructively dwelled for much of the last several decades, as the chart makes crystal clear.

Inflation-Adjusted Federal Funds Rate, 2001 to 2024

Of course, that development would be heartily welcomed by Wall Street speculators and the Washington war-mongers and spenders alike. And that’s exactly the reason it should not be done.

*  *  *

The truth is, we’re on the cusp of an economic crisis that could eclipse anything we’ve seen before. And most people won’t be prepared for what’s coming. That’s exactly why bestselling author Doug Casey and his team just released a free report with all the details on how to survive an economic collapse. Click here to download the PDF now.

Tyler Durden Mon, 05/27/2024 - 13:40
Published:5/27/2024 12:47:32 PM
[Quick Takes] Anti-Israel Student and Alumni Protesters Disrupt Commencement at Brown University

“No rest till Brown divests”

The post Anti-Israel Student and Alumni Protesters Disrupt Commencement at Brown University first appeared on Le·gal In·sur·rec·tion.
Published:5/27/2024 12:39:14 PM
[] Memorial Day Flashback: The Fall of Falaise The fall of the "Falaise pocket" was the final blow in the Battle of Normandy. The Falaise pocket or battle of the Falaise pocket (German: Kessel von Falaise; 12--21 August 1944) was the decisive engagement of the Battle of Normandy... Published:5/27/2024 12:27:16 PM
[Rainfall] It Gets Rainier Guest Post by Willis Eschenbach Well, since I was on a roll with my last post Rainergy, I thought I’d look further at the Copernicus global rainfall dataset. I started… Published:5/27/2024 12:07:57 PM
[World] Charred bodies and screams: Witnesses describe scenes of horror at a camp. Published:5/27/2024 11:57:32 AM
[Markets] For Memorial Day, Imagine Speaking To Those We Once Honored, Like These... For Memorial Day, Imagine Speaking To Those We Once Honored, Like These...

Via Wirepoints.org,

This Memorial Day, imagine speaking to them.

Imagine briefing them on what has become of America, then asking, “Is this what you died for?”

Imagine their reaction.

Imagine, for example, speaking to the 16 dead Marines named on the memorial behind barriers at the former Marine training camp in Chicago, now housing illegal migrants.

Imagine, for a start, explaining today’s crime on our streets, our politicized legal system, woke indoctrination in the military, government censorship, the assault on free speech, the Palestinian flag raised over Daley Center in Chicago, the foreign influence peddling conducted in open view by a president and his family and the Venezuelan gang members arrested in Chicago, deportation of whom was thwarted by federal or local policies. Imagine telling them, whose motto was “Leave no man behind,” about the Afghanistan withdrawal process.

And imagine telling them that millions from many nations, including our enemies, are entering unchecked through an open border.

Those Marines’ survivors can only squint through the gates to see the abandoned memorial at the migrant center.

I took these pictures Sunday of the converted migrant facility at 3034 West Foster in Chicago. You can see the memorial only through the iron gates in the front.

The memorial to the Marines, inaccessible and barely visible behind the locked gates.

Trespassing signs are everywhere.

Most of it the facility is covered in blinds to prevent pictures.

Readers here who told me they tried to film it say they’ve been chased off.

Many of the migrants deserve pity and compassion, but if they entered illegally they must return home or to where they will be legally accepted. We have no other choice.

Honor the dead by imagining you could speak to them, but do not say “Happy Memorial Day.”

Tyler Durden Mon, 05/27/2024 - 12:20
Published:5/27/2024 11:57:31 AM
[b29fec77-6205-5a6a-bf33-3bd785f38c6c] Bill and Hillary Clinton to host exclusive Biden dinner fundraiser President Biden is bringing his fundraising strategy to Virginia next month with an event featuring Bill and Hillary Clinton and hosted by Terry McAuliffe. Published:5/27/2024 11:57:31 AM
[Entertainment] Mike Tyson Suffers Medical Emergency on Flight to Los Angeles Mike Tyson Mike Tyson is on the mend after a health scare. The boxer was onboard a flight from Miami to Los Angeles May 26 when he suffered a medical emergency. As the 57-year-old's rep confirmed to Page...
Published:5/27/2024 11:57:31 AM
[Uncategorized] Israel Eliminates Hamas’ West Bank Terror Chief And Deputy in Rafah Airstrike

Jerusalem Post: "An IDF aircraft struck a Hamas compound in Rafah, targeting head of Hamas West Bank division Yassin Rabia, along with Khalid Nagaar, a senior member of the West Bank division." 

The post Israel Eliminates Hamas’ West Bank Terror Chief And Deputy in Rafah Airstrike first appeared on Le·gal In·sur·rec·tion.
Published:5/27/2024 11:40:24 AM
[83144c95-fead-58b1-82e0-89b666124152] 'General Hospital' actor Johnny Wactor's death leaves cast 'sickened': 'He was truly one of a kind' "General Hospital" alum Johnny Wactor was shot and killed in downtown Los Angeles early Saturday morning. Wactor's costars paid tribute to the late actor, who portrayed Brando Corbin on the show. Published:5/27/2024 11:32:06 AM
[Foreign Affairs] Outside the West, Fear Is the Root of Order

State of the Union: There’s a simple reason that China does not see the number of protests from Muslims as the United States.

The post Outside the West, Fear Is the Root of Order appeared first on The American Conservative.

Published:5/27/2024 11:32:06 AM
[Israel / Middle East] Rashida Tlaib Speaks at Anti-Israel Conference Linked to Terror Group PFLP


Rep. Rashida Tlaib (D-MI) spoke Saturday at an anti-Israel conference in Detroit, Michigan, that was connected to the Popular Front for the Liberation of Palestine (PFLP), which the U.S. regards as a Foreign Terror Organization (FTO).

The post Rashida Tlaib Speaks at Anti-Israel Conference Linked to Terror Group PFLP appeared first on Breitbart.

Published:5/27/2024 11:23:44 AM
[Markets] Dow Jones Futures Rise With U.S. Markets Shut; 7 Stocks Near Buy Points The market rally had a mixed week as breadth narrowed. Microsoft and Merck led stocks near buy points. Here's what to do. Published:5/27/2024 11:23:44 AM
[] Memorial Day Open Thread Published:5/27/2024 11:15:04 AM
[Markets] Dow Jones Futures: Techs Rise With U.S. Markets Shut; 7 Stocks Near Buy Points The market rally had a mixed week as breadth narrowed. Microsoft and Merck led stocks near buy points. Here's what to do. Published:5/27/2024 11:06:25 AM
[Entertainment] Olivia Culpo’s Bridal Shower Featured Sweet Christian McCaffrey Cameo Olivia Culpo, Bridal Shower, Christian McCaffrey Olivia Culpo's bridal shower was a total touchdown. Need proof? Luckily, the Culpo Sisters star shared a glimpse inside the celebration, which featured a cameo from her fiancé, Christian...
Published:5/27/2024 10:58:01 AM
[World] U.S. lawmakers ignore China warning, meet with Taiwan’s new leader The meeting by a bipartisan delegation from Washington occurred as China heightens demands for the United States to back away from support for the island democracy. Published:5/27/2024 10:58:01 AM
[20fca7d3-48d1-5918-9798-e192ad9faf8b] China's threats, 'naked aggression' loom large as House lawmakers meet Taiwan's new president House lawmakers spent their first full day in Taiwan meeting with the island's president and foreign minister, where the topic of China dominated discussion. Published:5/27/2024 10:30:34 AM
[] Remember Published:5/27/2024 10:30:34 AM
[Markets] Yield Hunt in Sub-3% Era Makes Chinese Market More Volatile Yield Hunt in Sub-3% Era Makes Chinese Market More Volatile

By Charlie Zhu and Helen Sun, Bloomberg markets live reporters and strategists

Three things we learned last week:

1. China’s first ultra-long special bonds had a dramatic debut in the exchange market, showcasing retail investors’ thirst for higher yields. The 30-year notes were expected to have a lackluster listing on Wednesday. Instead, the price hit limit-up twice in Shanghai, rising as much as 25%, before paring most of the gains toward the end of the day.

True, thin liquidity is a major cause of the unexpected volatility. The exchange market is much more illiquid than the interbank market, where most of the onshore notes are deposited. Still, it reflected households’ thirst for higher returns as products that yield more than 3% with relatively low risks have become rare.

And it’s not just retail investors. In a similar auction of 20-year debt Friday, the bid-to-cover ratio climbed to the highest level since Bloomberg started compiling the data in 2005. This signaled institutional investors are also seeking higher yields by extending duration.

The supply of ultra-long bonds is poised to expand meaningfully in coming months. They’re expected to be among the most actively traded products in the bond market, thanks to demand from both retail and professional investors, economists led by Liu Yu at Huaxi Securities Co. wrote in a note.

2. The huge outflow from deposits has also found its way into some corners of the stock market. A 3.9 trillion yuan ($538 billion) exodus from savings last month and a simultaneous jump in the outstanding value of wealth management products sparked speculation that at least some of the money will go into equities.

That appears to have benefited only some safer shares. The Shanghai Stock Exchange Dividend Index is close to its highest level since 2021, and has risen 15% this year versus a 5% gain in the broader benchmark gauge.

Because the money is behaving in a risk-averse way it might also lead to swift market reversals, limiting any advances when there’s a lack of positive news flow. The onshore benchmark CSI 300 Index fell for the first time in six weeks last week as investors reaped profits.

3. China’s biggest tech companies are rushing to issue convertible bonds to finance their buybacks. Alibaba Group Holding Ltd. sold $4.5 billion of convertible bonds, a record dollar-denominated sale by an Asian company, after JD.com Inc. issued $1.75 billion of similar securities.

The companies are taking advantage of the current low costs of such debt, as well as increases in their share prices, to raise money for the stock repurchases. More tech names including Meituan and Tencent are seen as likely to follow suit.

Tyler Durden Mon, 05/27/2024 - 11:20
Published:5/27/2024 10:30:34 AM
[Politics] WOW --> Julie Kelly DRAGS Shady and Sus AF Prosecutor on Jack Smith's Team in Short But Damning Thread Published:5/27/2024 10:30:34 AM
[Quick Takes] Gov. Sarah Huckabee Sanders Signs EO to Protect Athletic Opportunities for Arkansas Women

“The government should celebrate, not erase, sex differences by providing proper protections for them.”

The post Gov. Sarah Huckabee Sanders Signs EO to Protect Athletic Opportunities for Arkansas Women first appeared on Le·gal In·sur·rec·tion.
Published:5/27/2024 10:22:15 AM
[Markets] Dow Jones Futures Steady With U.S. Markets Shut; 7 Stocks Near Buy Points The market rally had a mixed week as breadth narrowed. Microsoft and Merck led stocks near buy points. Here's what to do. Published:5/27/2024 10:22:15 AM
[Politics] Exclusive--O'Donnell: Forever Young, Memorial Day Revolutionary War Unsung Hero and 'Appeal to Heaven'


Countless times, the fate of the nascent American nation depended on the right person being in the right place at the right time--like the gallant 26-year-old Marblehead captain James Mugford Jr. who captured the largest single prize of the Revolutionary War, the Hope.

The post Exclusive–O’Donnell: Forever Young, Memorial Day Revolutionary War Unsung Hero and ‘Appeal to Heaven’ appeared first on Breitbart.

Published:5/27/2024 10:05:39 AM
[EPR] Important: Don't Make These 3 Mistakes When Reading Charts Published:5/27/2024 10:05:39 AM
[Entertainment] The Complicated Reality of JFK Jr. and Carolyn Bessette's Relationship Carolyn Bessette Kennedy, John F. Kennedy Jr. Carolyn Bessette didn't say yes when John F. Kennedy Jr. first proposed to her. She didn't say no, either, but remarkably the 29-year-old Calvin Klein publicist, who had been dating the eligible...
Published:5/27/2024 10:05:39 AM
[Adjustments/Corrections] Concerns Mount as Met Office Fiddles With Historic Temperature Record in Exact Way Planned in Leaked ‘Climategate’ Emails Specifically, almost one in three (29.2%) in ‘junk’ Class 5 had ‘uncertainties’ up to 5°C as defined by the World Meteorological Organisation (WMO). Nearly half (48.7%) were sited at ‘near junk’ Class 4 sites with ‘uncertainties’ of 2°C. Shockingly, only 52 stations, or just 13.7% of the total, came without any ‘uncertainty’ rating. Class 5 station are prone to pick up all manner of human and natural caused heat corruptions, while class 1 sites simply measure the surrounding air temperature. Published:5/27/2024 10:05:39 AM
[45df1974-2833-5af7-82fa-db0e93ddee2d] On Memorial Day: Uncle James gave his 'last measure of devotion.' We owe it to our fallen to remember I can think of no better model citizens than my uncle, Second Lt. James Galliher, and the millions of others who rose to the occasion to defend our homeland. Published:5/27/2024 10:05:39 AM
[20dae06f-4353-5a11-a8a0-9df4ceaf6d53] 'Happy Days,' 'Little House on the Prairie': Iconic TV shows turning 50 in 2024 Many of Hollywood's most iconic television shows are turning 50 this year, including the western classic "Little House on the Prairie" and "Happy Days." Published:5/27/2024 10:05:39 AM
[Escher in Het Paleis] Where to See the Best Art in Amsterdam Start at the city’s main core of museums, then work your way further out from there to eventually take the train an hour south to the Hague. Published:5/27/2024 10:05:39 AM
[Markets] Futures Flat With US Closed For Memorial Day Futures Flat With US Closed For Memorial Day

US cash markets may be closed for holiday, but index futures continue trading; even so, however, they have barely budged as futures kept to a very narrow range on Monday, as investors weighed the recent blowout results from Nvidia and overall solid earnings season against the outlook for higher-for-longer interest rates.

As of 9:30am, S&P 500 futures were unchanged at 5,320 as the VIX Index held well below its 12-month average, and fast approaching its record lows set in 2017.  The market rallied on Friday, with the tech-heavy Nasdaq 100 jumping 1% to a fresh record.

With global liquidity dumping late last week as the latest must-read Goldman weekly note showed...

... and significantly restrained by holidays on both sides of the Atlantic, the US derivatives market is taking a breather as traders assess whether the recent gains are sustainable. So far, investors have focused on the hype around artificial intelligence, while disregarding risks that the Fed will further delay its pivot to monetary easing.

Meanwhile, as Bloomberg writes this morning, the concentration on the Magnificent 7 technology stocks, already at a record high, “is expected to remain sticky” because of their strong balance sheets, faster earnings growth, and extraordinary shareholder remuneration, according to Chiara Robba, head of LDI Equity at Generali Asset Management. Still, investors are now beginning to differentiate between the big tech names, she said in a note.

“If we have seen some catch up of performance of other stock, the market is still concentrated on the seven for their superior EPS growth expected,” she wrote. “The Magnificent 7 will continue to outperform the rest of the market growth, but with a possible three speed: Nvidia continuing to be on the podium, a big chunk of companies in the middle, and Tesla possibly lagging behind.”

Unlike the US, European stocks were open, but were largely flat on a light trading day with markets in the UK and US closed for holidays. The Stoxx 600 Index traded 0.1% higher as of 1:10 p.m. in London, with auto and energy stocks faring best, while banks and technology shares were the biggest decliners.

Among individual movers, EFG International AG rallied 4.6% following a Bloomberg news report after the market close Friday that Julius Baer Group Ltd. is exploring a potential acquisition of its rival Swiss private bank. Julius Baer slipped 0.8%.

Europe’s better-than-feared earnings season has provided support for an historic stock rally, but investors’ focus may now shift to a still-uncertain macro picture. The advance in equities also slowed as questions over the pace and extent of interest rate cuts mounted.

“Given the recent positive economic surprises in Europe and China, we remain positive on European equities, with relatively low positioning in Europe from international investors,” said Ulrich Urbahn, head of multi-asset strategy and research at Berenberg.

Meanwhile, investors are keeping a close eye on comments from European Central Bank officials as they assess the prospects for monetary policy after a widely telegraphed start to easing at the next ECB meeting in June.

The ECB shouldn’t rule out lowering borrowing costs at both its June and July meetings, Governing Council member Francois Villeroy de Galhau said Monday — pushing back against other monetary officials who are uncomfortable with the idea of consecutive cuts.

In Germany, the business outlook rose for a fourth month as confidence builds that the country’s economic rebound will strengthen over the rest of the year.

Earlier in the session,  Asian shipping stocks including China’s Cosco Shipping and South Korea’s HMM rise as rates increase amid market tightness due to factors including Red Sea disruptions.

“Red Sea disruptions have delayed the arrival of the downcycle,” Morgan Stanley analysts including Qianlei Fan and Tenny Song write in a note. “Supply-side risks are accumulating but in the short term are digested by re-routing and strong demand”
Upgrades Cosco Shipping and Orient Overseas to equal-weight from underweight on upside risks to earnings and cash dividends.

In FX, the dollar edges lower amid low trading volumes, with the Treasury market in Japan closed for a US public holiday.  USD/JPY falls to remain below 157 while EUR/USD hovers near mid 1.08-1.09. GBP/USD is steady to hold under last week’s high of 1.2761. AUD/USD edges up toward mid 0.66-0.67.

Treasury futures are little changed amid muted trading volumes with cash markets in Japan closed for a US public holiday. In Friday’s US trading session, 2-year yields rose 1bp to 4.95% while 10-year ended down 1bp to 4.67%

The biggest mover overnight is ethereum which is up more than 2% as excitement builds over last week's "shock" approval of the spot ETF.

Tyler Durden Mon, 05/27/2024 - 09:55
Published:5/27/2024 10:05:39 AM
[Markets] ECB ready to start cutting interest rates, chief economist says The European Central Bank will likely cut interest rates from historic highs at its meeting on June 6th and, and in an interview with the Financial Times on Monday, its chief economist, Philip Lane, brushed off fears that doing so before the U.S. Federal Reserve could backfire. Published:5/27/2024 10:05:39 AM
[Politics] BREAKING: One dead after Egyptian Army opes fire on IDF near Rafah It’s just being reported that Egyptian soldiers fired upon IDF soldiers a few minutes ago near Rafah. As a result one Egyptian soldier is dead. Here’s more from JPOST: Israeli and Egyptian . . . Published:5/27/2024 10:05:39 AM
[Uncategorized] Memorial Day 2024 in Barrington (RI) Without Veterans Council Due To Town Flying BLM Flag Over War Memorial

Our nation is facing a extreme cultural and political stress points. But we must remember those who gave all, and honor them.

The post Memorial Day 2024 in Barrington (RI) Without Veterans Council Due To Town Flying BLM Flag Over War Memorial first appeared on Le·gal In·sur·rec·tion.
Published:5/27/2024 10:05:39 AM
[Aviation] Sweden’s NATO Membership Unlocks the Baltic Sea for Alliance, Ends 200 Years of Neutrality STOCKHOLM – Two months into its membership in NATO, Sweden is retooling its defense after 200 years of military neutrality. Not since Napoleon’s 1812 campaign in Russia has Sweden formally allied militarily with another country, Minister of Defense Pål Jonson told reporters earlier this month. Since the eve of World War II, Stockholm used a porcupine strategy of “armed neutrality” relying on the country’s indigenous defense, aerospace and shipbuilding industries to ward off Russian aggression. That changed after Moscow’s invasion of Ukraine in 2022. “Going into an alliance is of course a big change. Policy-wise it’s a big change, mentally Published:5/27/2024 10:05:39 AM
[] LOOK on Pete Buttigieg's Face When CBS Journo DARES Disagree With Him About EVs is GLORIOUS (Watch) Published:5/27/2024 10:05:39 AM
[Uncategorized] Remembering Jess Burton Boicourt Jr.: A Memorial Day Tribute

Memorial Day is a time to honor and remember the brave men and women who made the ultimate sacrifice for our country. This year, I visited The Wall of Faces, ...

The post Remembering Jess Burton Boicourt Jr.: A Memorial Day Tribute appeared first on Flopping Aces.

Published:5/27/2024 10:05:39 AM
[Markets] Dow Jones Futures Fall With U.S. Markets Shut; 7 Stocks Near Buy Points The market rally had a mixed week as breadth narrowed. Microsoft and Merck led stocks near buy points. Here's what to do. Published:5/27/2024 10:05:39 AM
[] THE MORNING RANT: Despite Expose’ of Rampant Sexual Harassment at FDIC, its Leader’s Resignation Will be Delayed to Prevent a Republican Replacement Have you been following the story of FDIC Chairman Martin Gruenberg? Probably not, since he’s a Democrat. This isn’t a story most of the media wants to bring attention to, because removing Gruenberg from power due to the culture... Published:5/27/2024 10:05:39 AM
[Markets] What does it take to buy a house? Increasingly, Mom and Dad. Young home buyers relying on older mortgage co-signers is at an all-time high going back about 30 years, following a post-pandemic spike. Young homebuyers are also getting down payment help. Published:5/27/2024 7:56:50 AM
[Politics] Column: Trump fans say he speaks his mind. But on some subjects, he's as slippery as an eel

Donald Trump isn't telling you what he thinks about abortion, Obamacare and the federal budget. Why? Because it won't help him beat Biden in the election.

Published:5/27/2024 7:48:29 AM
[a6d30646-ca62-5902-8a1d-96ec59a24333] Libertarians select Chase Oliver as presidential nominee, very little support shown for Trump, RFK Jr The Libertarian Party nominated political activist Chase Oliver as its presidential nominee at its convention Sunday after seven rounds of voting. Published:5/27/2024 7:48:29 AM
[Editorial Cartoons] ‘The View’ Goes Racist [Again]

by Tom Stiglich at CDN -

Caitlin Clark Sunny Hostin

Sunny Hostin went full-on anti-white, anti-straight against Caitlin Clark without recognizing that CC is an amazing athlete. Caitlin isn’t popular because of her skin, her looks, or sexual preference. She is popular because she is one of the best at what she does and it’s fun to watch people who …

Click to read the rest HERE-> ‘The View’ Goes Racist [Again] first posted at Conservative Daily News

Published:5/27/2024 7:48:29 AM
[Markets] Home insurance was once a ‘must.’ Now more homeowners are going without. Slammed by the rising price of policies and climate-driven natural disasters, more and more Americans are exposing themselves to risk and forgoing home insurance. Published:5/27/2024 7:48:29 AM
[World] World powers condemn Israeli strikes in Rafah that killed 45 Israel and Hamas said the strike in Rafah, in southern Gaza, killed two Hamas officials. The IDF said it was reviewing the strike after reports said civilians were harmed. Published:5/27/2024 7:48:29 AM
[CBD] 10 Best CBD Creams and Lotions for Pain, Arthritis & Aches Looking for the best CBD cream for pain, arthritis, achy joints, or muscles should be easy with this list of the top-rated CBD creams to buy in 2024. Published:5/27/2024 7:48:29 AM
[Culture] The Rebirth of Queer Cruising Apps Looking for casual sex is often seen as taboo, even in queer circles. A handful of web apps—Sniffies, BKDR, and Motto—are using map technology to reinvigorate interest in cruising culture. Published:5/27/2024 7:48:29 AM
[2559c742-4a9f-52b9-a92e-fe8102cf83c1] Robin Williams would have veterans hired as extras on set, 'Mrs. Doubtfire' movie daughter says Robin Williams' "Mrs. Doubtfire" movie daughter, who founded a military nonprofit, told Fox News Digital the comedian worked with veterans, including getting them hired on film sets. Published:5/27/2024 7:48:29 AM
[Uncategorized] Biden Has a ‘Jeb Bush’ Moment While Giving West Point Commencement Speech

It appears the entire West Point Biden experience was a compendium of elements from the list of the Sixth Stage of Alzheimer's/Dementia.

The post Biden Has a ‘Jeb Bush’ Moment While Giving West Point Commencement Speech first appeared on Le·gal In·sur·rec·tion.
Published:5/27/2024 7:48:29 AM
[06a451d6-e555-5e5b-90f6-49acad3c5c18] Finding Sgt Frith: A Civil War soldier to remember on Memorial Day Memorial Day traces its origins to over 160 years ago, when a grieving country sought to honor the many brave men lost in the Civil War, including Sgt. Joseph Allen Frith. Published:5/27/2024 7:48:29 AM
[Politics] [Eugene Volokh] In Crimea's Fields the Poppies Blow https://www.youtube.com/watch?v=jElbMaWkB80 In Flanders Fields is of course well known to many English speakers: In Flanders fields the poppies blow Between the crosses, row on row, That mark our place; and in the sky The larks, still bravely singing, fly Scarce heard amid the guns below…. I was reminded of this by Poppies, a Russian poem by… Published:5/27/2024 7:48:29 AM
[] The Morning Report — 5/27/24 Good morning, kids. First and foremost, I have been slowly but surelyrecuperating at home an cannot thank all of you enough for your kind words, prayers and encouragement. I don't know that I have the energy to spare to... Published:5/27/2024 7:48:29 AM
[Markets] 'Mises Caucus Just Exploded': Libertarian Party Nominates Left-Winger Chase Oliver 'Mises Caucus Just Exploded': Libertarian Party Nominates Left-Winger Chase Oliver

After seven rounds of balloting stretching over seven hours -- and coming close to nominating nobody -- the Libertarian Party gave its presidential nomination to the decidedly left-leaning Chase Oliver on Sunday night in Washington DC. 

The result was a devastating upset loss for the Mises Caucus. The Rothbardian, self-described "radical libertarian" group seized control of the party in 2020, but failed to push its favored but flawed candidate -- Michael Rectenwald -- across the goal line. 

Oliver has made national waves before: Running on the Libertarian line in the 2020 Georgia Senate election, Oliver took 2% of the vote, forcing a runoff between Democrat and eventual winner Raphael Warnock and Herschel Walker, the woefully unqualified endorsee of Donald "Mr Poor Personnel Picks" Trump. 

Chase Oliver: "armed and gay" flag-bearer of the Libertarian Party (Robin Rayne/ZUMAPRESS/Newscom)

Oliver, who has described himself as "armed and gay," will be the party's youngest-ever nominee at age 38. Among his many stances that will repel not only many libertarians but also other right-wing voters seeking a Trump alternative:

Oliver shared his intended national strategy with Politico:  

“We were looking at who are the most likely populations to be ready to go outside of the two-party system, and we’ve identified young people, and in particular those who are upset with the war going on in Gaza, upset with the immigration crisis, and upset with cost of living. Those are the young people that we’re going to target.”

Mises Caucus candidate Rectenwald picked the worst possible time to exhibit some particularly poor judgement. On the eve of the presidential balloting, he one of three candidates given an opportunity to take the stage and share his perspectives on the speech that had just been delivered by Trump.

At times, Rectenwald struggled to articulate himself, then abandoned the event midway. He later told the Washington Post's Meryl Kornfield that he had consumed an edible cannabis product before speaking. "This was not some sort of a major political scandal, okay," he told her. "I wasn't found in bed with Stormy Daniels. I’m at a Libertarian Party convention. Somebody offered me something.” And he chose to take it. It's not clear, though, if the incident had a material effect on his candidacy, which may have been doomed by a lack of charisma. 

In a quirk resulting from the party's rules and Oliver and Rectenwald's joint failure to exceed 50% of the votes in Round Six, the final ballot pitted Oliver against "none of the above," or "NOTA." Had NOTA prevailed, the party wouldn't have had a national nominee. However, most individual state parties would have been able to select their own nominee for their state ballot, reported the Post's Kornfield, citing a ballot access expert. 

Many Libertarians were less than thrilled with Sunday's outcome: 

Under Libertarian Party rules, the vice presidential nominee is selected by the delegates, not by the presidential candidate. Nonetheless, Oliver's requested running mate, Mike Ter Maat, a former police officer and loan officer, was given in the nod just before 1am ET, after two rounds of voting. He edged out Mises-backed mortgage broker, Clint Russell, who hosts the Liberty Lockdown podcast, 51% to 47%.  

Meanwhile, desperate to turn Oliver's nomination into some kind of defeat for frontrunner Trump and potential spoiler Robert F. Kennedy, Jr, the New York Times ran with a moronic headline that implied either one of them had some kind of chance to win the Libertarian crown: "Libertarians Skip Over Trump and R.F.K. Jr. for Chase Oliver."  

There was no shortage of visceral reactions to the Libertarian convention's outcome: 

Tyler Durden Mon, 05/27/2024 - 08:30
Published:5/27/2024 7:48:28 AM
[Gear] How Many Charging Stations Would We Need to Totally Replace Gas Stations? The United States could fully transition to electric vehicles in about 20 years. When that happens, we’re going to need a lot of chargers. Published:5/27/2024 5:38:15 AM
[PFE:CA] Pfizer: The Chart Looks Like A Bottom, But Is The Dividend Safe? Published:5/27/2024 5:30:03 AM
[Evergreen Topics] Her Husband Paid the Ultimate Sacrifice in Service to America

Audri Beugelsdijk had been married for less than 11 weeks when she received a visit from a casualty officer. Her husband has been lost at... Read More

The post Her Husband Paid the Ultimate Sacrifice in Service to America appeared first on The Daily Signal.

Published:5/27/2024 5:21:24 AM
[1263e94d-82b0-5e41-8642-715e0722e8a6] Kevin McCarthy's ghost is haunting House GOPs' next big legislative fight House lawmakers are jumping into the next big government funding fight with an ambitious schedule to pass all of their spending bills, but they are still constrained by policies instituted under former House Speaker Kevin McCarthy. Published:5/27/2024 5:21:23 AM
[d2603318-2fb3-530d-8ea1-388e40b7bbf0] Craig Morgan says military service is 'more natural' to him than country music stardom: 'It's in my DNA' Craig Morgan says serving in the military is "more natural" to him than being part of the country music world. He re-enlisted in the Army Reserve at the age of 59 last year. Published:5/27/2024 5:21:23 AM
[Markets] Visualizing Daily Protein Sources By Region Visualizing Daily Protein Sources By Region

Protein plays a vital role in creating and maintaining every cell in our bodies.

This graphic, via Visual Capitalist's Marcus Lu, breaks down how people in different regions of the world get their protein intake. The figures come from the UN Food and Agriculture Organization (UN FAO), accessed via Our World in Data.

The figures we present here reflect the distribution of daily protein intake across regions, with each region’s total adding up to 100%. It’s important to note that this is distinct from the actual amount of protein consumed per person, often measured in grams.

Developed Countries Have More Access to Meat and Dairy

Protein has many benefits for our bodies. It is a building block of bones, muscles, cartilage, and skin. Our hair and nails are comprised mostly of protein. It is also used to repair tissue, oxygenate the body, and make enzymes, which aid in digesting food.

People in more developed regions (like North America or Europe) get a larger share of their daily protein from meat and dairy.

When only considering meat, South America, with big producers like Brazil and Argentina, takes the lead as the most important protein source.

Meanwhile, Asia, with top fish producers China and India, leads in protein intake from seafood.

In Africa, where many developing countries in the world are located, plant protein is the most important protein source for the population.

Tyler Durden Mon, 05/27/2024 - 04:40
Published:5/27/2024 5:21:23 AM
[EVs] Electric car drivers face astronomical costs to replace tyres Tyre manufacturer Michelin has previously said that conventional tyres wear out around 20pc faster in an electric vehicle, while Goodyear said they can degrade as much as 50pc faster. Published:5/27/2024 5:21:23 AM
[] Daily Tech News 27 May 2024 Top Story Widespread power failure at one of the two data centers where I have servers. In fact, it was so widespread that it took out servers I have with two different providers. Yes, they have battery backup and generators.... Published:5/27/2024 5:21:23 AM
[Markets] German Ifo business sentiment index idles as services sector falters Published:5/27/2024 5:21:23 AM
[] Monday Morning Meme Madness Published:5/27/2024 5:21:23 AM
[Science] The Auroras Should Be Spectacular This Summer, Thanks to Solar Maximum Increasing solar activity over the next year could bring more opportunities to see fantastic displays of the northern lights. Published:5/27/2024 5:21:23 AM
[Politics] Trump told donors he will crush pro-Palestinian protests, deport demonstrators The former president has publicly waffled on the Israel-Gaza war. But he told wealthy donors he supports Israel’s right to continue “its war on terror.” Published:5/27/2024 5:21:23 AM
[World] Claudia Sheinbaum is likely to be Mexico’s next president. Who is she? During the campaign, Claudia Sheinbaum has tethered herself to the policies of her popular mentor, President Andrés Manuel López Obrador. How would her presidency differ from his? Published:5/27/2024 5:21:23 AM
[Markets] Dow Jones Futures Mixed With U.S. Markets Shut; 7 Stocks Near Buy Points The market rally had a mixed week as breadth narrowed. Microsoft and Merck led stocks near buy points. Here's what to do. Published:5/27/2024 5:21:23 AM
[World] The Morning Briefing: Memorial Day Seems More Important With Each Passing Year Published:5/27/2024 2:49:34 AM
[World] On Memorial Day, think about why those we remember and honor died This Monday we celebrate Memorial Day, the civic holy day we set aside to commemorate those who died fighting our wars. Published:5/27/2024 2:49:34 AM
[Markets] AI Vs America: Deepfakes, Disinformation, Social Engineering, & The 2024 Election AI Vs America: Deepfakes, Disinformation, Social Engineering, & The 2024 Election

Authored by Julio Rivera via American Greatness,

Artificial intelligence (AI) and its integration within various sectors is moving at a speed that couldn’t have been imagined just a few years ago. As a result, the United States now stands on the brink of a new era of cybersecurity challenges. With AI technologies becoming increasingly sophisticated, the potential for their exploitation by malicious actors grows exponentially.

Because of this evolving threat, government agencies like the Department of Homeland Security (DHS) and the Cybersecurity and Infrastructure Security Agency (CISA), alongside private sector entities, must urgently work to harden America’s defenses to account for any soft spots that may be exploited. Failure to do so could have dire consequences on a multitude of levels, especially as we approach the upcoming U.S. presidential election, which is likely to be the first to contend with the profound implications of AI-driven cyber warfare.

AI’s transformative potential is undeniable, revolutionizing industries from healthcare to finance. However, this same potential poses a significant threat when harnessed by cybercriminals. According to a report by the UK’s Government Communications Headquarters (GCHQ), the rise of AI is expected to lead to a marked increase in cyberattacks in the coming years. AI can automate and enhance the scale, speed, and sophistication of these attacks, making them more difficult to detect and counteract.

The nature of AI-driven cyber threats is multifaceted. AI can be used to create highly convincing phishing attacks, automate vulnerability discovery by foreign adversaries in software systems to identify backdoors, and launch large-scale Distributed Denial of Service (DDoS) attacks.

Moreover, AI algorithms can be employed to develop malware or trojans that adapt and evolve to evade detection. The GCHQ report warns of the growing use of AI by cyber adversaries to improve the effectiveness of their attacks, posing a significant challenge for traditional cybersecurity protocols.

The stakes are particularly high as the United States prepares for the November election. DHS has already issued warnings about the threats posed by AI to the election process. Among the potential threats posed by AI are deepfakes, automated disinformation campaigns, and targeted social engineering attacks. These tactics could undermine the integrity of the election, erode public trust in democratic institutions, and sow discord among the electorate.

The potential for disruptions in trust and accuracy in the election process is not exactly an unprecedented threat. In the 2020 election, there were already instances of misinformation and foreign interference. With AI’s capabilities advancing rapidly, the 2024 election could see these efforts become more sophisticated and harder to counter.

It seems that every day, more and more AI-generated deepfakes are being disseminated on social media. Many of these are intended to be humorous, or they are being used in digital marketing campaigns to sell products, but in an election scenario, disrupters could create realistic but fake videos of candidates, potentially influencing voter perceptions and decisions.

One of the most significant challenges in addressing AI-driven cyber threats is the pervasive underestimation of their potential impact. Many in both the public and private sectors fail to grasp the severity and immediacy of these threats. This complacency is partly due to the abstract nature of AI and a lack of understanding of how it can be weaponized. However, as AI continues to integrate into critical infrastructure and various sectors of the economy, the risks become more tangible and immediate.

In response to funding proposals from the National Security Commission on Artificial Intelligence, a bipartisan group of senators just unveiled a $32 billion spending proposal. This investment is not merely in developing AI for civilian or commercial use but explicitly in enhancing offensive cyber capabilities. The potential for AI to augment cyberwarfare necessitates a reevaluation of our current cybersecurity strategies.

Addressing the AI-driven cyber threat landscape requires a concerted effort from both government agencies and the private sector. Government agencies like DHS and CISA must update and expand existing cybersecurity frameworks to address AI-specific threats. This includes developing guidelines for detecting and mitigating AI-driven malware attacks and ensuring that these guidelines are disseminated across all levels of government and critical infrastructure sectors.

Beyond the scope of just the public sector, we must realize that effective cybersecurity is a collaborative effort. The government must foster stronger partnerships with the private sector, leveraging the expertise and resources of technology companies, cybersecurity firms, and other stakeholders. These kinds of joint initiatives and information-sharing platforms can help in the rapid identification and response to AI-driven threats. CISA has previously attempted to strengthen these relationships, but much more must be done.

Additionally, raising public awareness about the risks posed by AI-driven cyber threats is essential. Educational campaigns can help individuals recognize and respond to phishing attempts, data collection efforts, disinformation, and other cyber threats, while fostering a culture of cybersecurity awareness in organizations can reduce the risk of successful attacks.

Lastly, policymakers must consider new regulations and legislative measures to address the unique challenges posed by AI in cybersecurity. This includes updating cybersecurity laws to incorporate AI-specific considerations and ensuring that regulatory frameworks keep pace with technological advancements.

America, as a nation, stands on the precipice of an increasingly AI-driven future. The potential for AI-based cyber attacks represents one of the most pressing security challenges of our time, and November’s election underscores the urgency of addressing these threats as the integrity of our democratic process hangs in the balance.

The time for complacency has passed. The United States must act decisively to protect its digital infrastructure and democratic institutions from the evolving threats posed by AI-driven cyber attacks. Our national security, economic and global stability, and the very fabric of our democracy depend on it.

Tyler Durden Sun, 05/26/2024 - 23:55
Published:5/27/2024 2:49:34 AM
[] On Serving Your Country: Honor and Remembrance Published:5/27/2024 2:49:34 AM
[International Relations] How China Pulled So Far Ahead on Industrial Policy The United States and Europe are trying to catch up to a rival skilled in using all the levers of government and banking to dominate global manufacturing. Published:5/27/2024 2:49:34 AM
[Intermittent Wind and Solar] German Green Movement “A Run Amok At The Expense Of People And Nature” Wind energy is an environmental destruction machine, warns veteran center-left columnist. Published:5/27/2024 2:49:34 AM
[ABBV] Unloved Gilead Due For Reversal On Flight-To-Safety Money Flows Published:5/27/2024 2:49:34 AM
[In The News] President Joe Biden’s Schedule for Monday, May 27, 2024

by Rich Mitchell at CDN -

Schedule Summary: President Joe Biden will attend a wreath-laying ceremony at Arlington National Cemetery on Monday. President Joe Biden’s Itinerary for 5/27/24 ALL TIMES EST 7:30 AM Receive daily briefing 8:30 AM Host Memorial Day breakfast – White House 10:40 AM Depart the White House en route to Arlington National Cemetery 11:00 AM …

Click to read the rest HERE-> President Joe Biden’s Schedule for Monday, May 27, 2024 first posted at Conservative Daily News

Published:5/27/2024 2:49:34 AM
[Entertainment] See Brad Pitt & Angelina Jolie's Daughter Shiloh Grow Up on Red Carpet Shiloh Jolie-Pitt Shiloh Jolie-Pitt is becoming a magnificent star. Angelina Jolie and Brad Pitt's daughter—who is celebrating her 18th birthday on May 27—has continued to stun while hitting the red carpet during...
Published:5/27/2024 2:49:34 AM
[Politics] [Eugene Volokh] Monday Open Thread What's on your mind? Published:5/27/2024 2:49:34 AM
[World] More than 2,000 buried by Papua New Guinea landslide, government estimates The death toll, previously believed to be about 700, could rise after a landslide swept a remote village in Enga province on Friday, according to AP. Published:5/27/2024 2:49:34 AM
[Markets] Musk’s xAI raises $6 billion in fresh funding from Fidelity, Sequoia Capital and others Elon Musk’s xAI company has raised $6 billion in a series B round of funding from investors including Fidelity Management & Research Co. and venture-capital firm Sequoia Capital. Published:5/27/2024 2:49:34 AM
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