"Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes… known instruments for bringing the many under the domination of the few.… No nation could preserve its freedom in the midst of continual warfare." -- James Madison
What Happened: The JPMorgan team led by Nikolaos Panigirtzoglou wrote in a note, seen by Bloomberg, "What makes this new phase of crypto deleveraging induced by the apparent collapse of Alameda Research and FTX more problematic is that the number of entities with stronger balance sheets able to rescue those with low capital and high leverage is shrinking" in the cryptocurrency environment.
Panigirtzoglou and his team used Bitcoin's production cost to gauge how much its price can drop.
It was supposed to be a red wave that former President Donald Trump could triumphantly ride to the Republican nomination as he prepares to launch another White House run.
Instead, Tuesday night’s disappointing results for the GOP are raising new questions about Trump’s appeal and the future of a party that has fully embraced him, seemingly at its peril, while at the same time giving new momentum to his most potent potential rival.
Indeed, some allies were calling on Trump to delay his planned announcement next week, saying the party’s full focus needs to be on Georgia, where Trump-backed football great Herschel Walker’s effort to unseat Democratic Sen. Raphael Warnock is headed to a runoff that could determine control of the Senate once again.
On June 19, 2017, the Vatican gendarmes entered the offices of the church’s chief auditor. They confiscated his phone and iPad, threw his papers on the floor and ordered the fire brigade to smash open a locked metal filing cabinet, from which they extracted a document that they said proved he was abusing resources to spy on top Vatican cardinals.
“Now you have to confess,” they demanded, according to the auditor, Libero Milone. Faced, he said, with being thrown in a Vatican jail, Mr. Milone signed resignation papers.
In the ensuing five years, the Vatican has done much to clean up its financial act. Cardinal Giovanni Angelo Becciu, one of the prelates whom Mr. Milone was accused of spying on, and who Mr. Milone believes masterminded his ouster, has himself been removed from his powerful position by Pope Francis and is on trial in the Vatican for embezzlement and abuse of office and defrauding the church in connection with a disastrous London real estate deal.
Republican strategists were licking their wounds on Wednesday as the post-mortem following the midterms began - with senior figures in the party branding Donald Trump a 'disaster' and accusing him of 'sabotaging' their expected cruise to victory.
Many Democrats went into election night dreading how bad their losses could be and pondering how to explain them.
By Wednesday, they had quickly shifted into day-after hoping that they could actually maintain a voting majority in the Senate, celebrating victories in key governors' races, and aware that control of the House was still not declared.
Webmaster addition: Why are the Republicans scared of talking about election fraud?!?
Joe Biden has vowed to veto any attempt at a federal abortion ban and 'try like the devil' to ban assault weapons after Democrats had a better night than expected in the midterm election.
Although the president said he was willing to compromise on many issues with Republicans, who are expected to have a majority in the House while several Senate races remain tight, he noted deals on abortion, gun control and climate change were off the table.
'I will veto any attempt to pass the national ban on abortion,' Biden said on Wednesday, 'but I'm ready to compromise with Republicans where it makes sense on many other issues. He added: 'I'm gonna ban assault weapons, or try like the devil.'
Arizona GOP officials slammed officials in Maricopa County after they announced 17,000 votes would need to be recounted when tabulators failed on election night.
Officials in Arizona's most populous county said about 7 percent of the ballots were affected by a printing mishap that prevented vote counters from reading them.
GOP gubernatorial hopeful Kari Lake, who has been closing the election night gap on Democratic rival Katie Hobbs, said the situation in Maricopa was outrageous after initial reports from the county yesterday had her beating Hobbs 70.6 percent to 29.4 percent.
“It was a good day for democracy, and I think a good day for America,” declared President Joe Biden after a better-than-expected midterm elections performance by his fellow Democrats.
In a semi-triumphant address, the incumbent portrayed the election results, which have denied Republicans an easy path to congressional domination, as “a clear and unmistakable message” that his political agenda remains popular among a majority of Americans.
Buoyed by the results, Biden confidently headed for a series of high-stakes meetings across Southeast Asia over the next week, his first to the crucial region.
The idea of democracy as it emerged gradually out of the Enlightenment, and drawing on ancient forms in Greece and Rome, is that the people govern themselves. People serve as the main determinants of the rules, laws, and legislation under which they live. They even set the rules concerning what people are allowed to do to themselves and each other using government: such is the point of a constitution.
In a representative democracy, we elect leaders who represent our interests in the halls of government. Crucially, the main point is not the election or even the right of masses of people to vote. Those are means to an end. The end is self-government, government by and for the people, which came to be seen in republican theory as a crucial feature of freedom itself.
The Chinese People's Liberation Army is expected to undergo continued expansion and modernization following last month's CCP five-yearly national congress, which made key revisions to the Communist Party constitution. This included changes on the nation's military posture.
One of those revisions stated the need to "elevate our people's armed forces to world-class standards" - according to an addition to the party constitution, as translated in the Hong Kong-based South China Morning Post. This is being seen as aimed at expansion of deployed assets overseas, also following widespread reports within the past year that Beijing is seeking to establish a string of bases on Africa's Atlantic coast.
Space 2.0 marks a new wave of space travel.As Statista's Anna Fleck details below, the boom is primarily being shaped by private companies, including an increasing number of start-ups, which are combining the latest tech innovations with new business models.
In the past, space travel was financed almost exclusively by the state and operated by a few established companies such as Boeing, Airbus or Lockheed Martin and Northrop Grumman, among others.
Founded in 2002 by Tesla founder Elon Musk, SpaceX is currently the leading company in terms of number of spacecraft launches. The company is known for a number of projects, including providing supply flights to the International Space Station (ISS), with its first manned flight having docked there at the end of May 2020. SpaceX is also the pioneer of Starlink satellites, which are low orbit satellites intended to provide broadband internet to communities with little or no connectivity. As of August 2022, around 2,800 of SpaceX’s Starlink satellites orbited the earth. This is set to rise to 12,000 in the coming years.
On September 15, 2021, SpaceX took four space tourists into space for three days, marking the world's first space mission without a professional astronaut. In the long term, SpaceX plans to colonize Mars.
An NGO humanitarian vessel carrying hundreds of migrants picked up in the Mediterranean has been granted permission to dock in the French port of Marseille after the newly elected Italian government repeatedly refused it permission to offload passengers in Sicily.
A call took place on Tuesday between Italian Prime Minister Giorgia Meloni and French President Emmanuel Macron where the former emphasized the Italian government’s hard-line approach to immigration in no uncertain terms; this prompted the French president to authorize the docking of the Ocean Viking, operated by the SOS Méditerranée NGO, in France.
There are currently 234 migrants on board the vessel, which has been anchored off the Italian coast for over two weeks awaiting a safe place to dock.
The Italian government has in recent days allowed the docking of humanitarian vessels in Italian ports in order to allow vulnerable people, namely women, children, and those with medical conditions, to disembark. Italian authorities have then ordered the captains to leave Italian territory with a number of adult males still onboard, urging the ships to port in the countries responsible for operating the vessels, including Germany and Norway.
Leaked documents reveal the ‘paused’ ‘Disinformation Governance Board’’ is back online
The US Department of Homeland Security is secretly ramping up its efforts to censor and suppress information it considers dangerous - in other words, it's focussed on inconvenient, but true, facts. A body originally created to defend Americans from terror is now threatening free speech everywhere online - and doing so with the active help of major tech firms.
This is all revealed in leaked documents obtained by journalists Ken Klippenstein and Lee Fang. Perhaps the most worrying papers are those that show that the highly controversial and widely condemned DHS (or “Disinformation Governance Board”) – and the serious threat it poses to free speech – hasn't gone anywhere.