I have some things I need to work on, including developing some other revenue streams.
I have some things I need to work on, including developing some other revenue streams.
"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world." -- Jim Truther
The debt ceiling fracas is mercifully behind us (at least until 2025), so today we turn our focus away from the USA’s dwindling treasury and towards the more immediate issue of its dwindling dominance of the Western Pacific. Over the weekend US Secretary of Defense Lloyd Austin urged China to re-engage with the United States to “help avoid misunderstandings or miscalculations that may lead to crisis or conflict.” The plea was timely, because there have been a few near-misses in recent days that might have caused more concern in markets in years gone by. The first was the interception of a US surveillance plane by a Chinese fighter jet over the South China Sea in late May. The Chinese jet crossed in front of the US plane, thereby forcing it to fly through the unstable jet wash (just like Maverick and Goose). A further incident occurred on Saturday when a Chinese warship cut directly in front of a US destroyer, passing within 140 meters of colliding with the US ship.
If you’re sensing a theme here, you’re not alone. Western leaders have been promising a “de-risking”, rather than a “de-coupling” of the China relationship in recent months, but the geopolitical risks seem to be increasing, rather than diminishing. When Christine Lagarde warned in April that “we are witnessing the fragmentation of the global economy into competing blocs” she was effectively articulating our long-held house view, which my colleague Michael Every has written about many times.
So, when Western leaders talk about “de-risking”, what they mean is that they want to ensure that unfriendly powers don’t have them over an economic barrel in the same way that Vladimir Putin did with Europe in early 2022. The goal is to restructure trade and production so that it cannot be used as a weapon in this new era of Great Power competition. This is easier said than done. Especially when we are accustomed to a world where one bloc does most of the producing and another does most of the consuming.
As Target’s stock price has taken a beating amid conservative backlash over the company’s decision to sell LGBT-themed items and clothing, Twitter CEO Elon Musk said Friday that it’s just a matter of time before Target faces lawsuits for “destruction of shareholder value.”
Musk made the remarks in response to a tweet by conservative activist Charlie Kirk, who posted about JPMorgan downgrading Target’s stock after suffering its longest losing streak in decades.
Over the past month or so, Target’s stock dropped by double digits amid conservative calls for a boycott against the chain in connection to its decision to sell LGBT-themed apparel, including onesies for children and books instructing kids about the use of transgender pronouns.
Several days ago, JPMorgan downgraded Target Corporation’s stock from overweight to neutral, with the Wall Street bank citing “too many concerns” with the retail giant.
Ukraine has accused Russian forces of blowing up a major dam and hydroelectric power station, causing a 'catastrophic' flood that could displace hundreds of thousands of people and cause a nuclear disaster by cutting off cooling to a nuclear power plant.
The Ukrainian Interior Ministry confirmed this morning that the Kakhovka dam over the Dnieper river in the south of the country was damaged by several explosions and called for residents of 10 villages on the river's right bank, as well as parts Kherson city downriver, to evacuate their homes.
Terrifying footage from the scene showed how village streets and fields near to the dam have already been swamped by the deluge as a Russian-installed local mayor warned that the water level would continue to rise for another 72 hours and claimed he expected 40ft high floods in some places.
Ukrainian authorities have previously warned that the dam's failure could unleash 18 million cubic meters (4.8 billion gallons) of water and flood Kherson and dozens of other towns and settlements, home to hundreds of thousands of people.
President Joe Biden on Monday thanked the Danish prime minister for her country's role in the alliance helping Ukraine resist Russia, as speculation grows that Mette Frederiksen is in line to be N.A.T.O. secretary general.
'There's a shared commitment to the core values and that gives us our strength — at least that's what I believe,' Biden said as they met in the Oval Office.
'Together we're working to protect those values — including standing up for the people of Ukraine against the brutal aggression of the Russians.'
It was the first of two meetings with key allies this week, allies who come with N.A.T.O. aspirations.
The death toll from the heavy floods that hit Haiti over the weekend has risen to 42, with another 11 people missing, authorities said Monday.
At least 85 people are injured, and more than 13,600 homes were flooded, forcing people to evacuate leaving 19,000 people homeless, according to Haiti's Civil Protection Agency.
The rains pelted Haiti's western, northwestern, southeastern and central regions, officials said.
The weather has since improved, but many crops were damaged amid a spike in starvation, and people are trying to find temporary shelters after the rain turned roads into rushing rivers of brown water.
Secretary of Transportation Pete Buttigieg is traveling the country, giving local speeches celebrating federal spending in the $1.2 trillion infrastructure bill while another major slowdown is hampering cargo at West Coast ports.
This time, the cause is not a backup of cargo ships, but a labor dispute between the International Longshore Workers Union (ILWU) and the Pacific Maritime Association (PMA) that has continued from last week.
During a Monday conversation with Elon Musk, Democrat presidential hopeful Robert F. Kennedy Jr. said the Second Amendment is settled and that a Kennedy administration will not be trying to take away guns.
Dr. Benjamin Braddock quoted RFK Jr. saying, “My position on gun control is that I’m not going to take away anybody’s guns. I’m a constitutional maximalist and the issue has been settled by the Supreme Court.”
Hong Kong police detained at least 24 people on Sunday, the anniversary of the June 4, 1989, Tiananmen Square massacre, for violating the Communist government’s ban on vigils and commemorations.
Hong Kong was the site of the largest Tiananmen vigils among Chinese-speaking people in the world until 2020, when the massive annual rally in Victoria Park was banned first under the rubric of coronavirus pandemic safety and then under the draconian “national security law” imposed by Beijing to crush the 2019 pro-democracy movement.
The “national security law” criminalized almost all criticism of the Chinese Communist Party as “sedition” or “treason,” and those were among the excuses Hong Kong officials cited for arresting people as they strove to remember the Tiananmen Square massacre on Sunday.
Among those detained were several veteran pro-democracy activists and journalists.
Chinese National Defense Minister Li Shangfu, making his debut on the international stage, told attendees at the Shangri-La Dialogue in Singapore on Sunday that the communist nation’s military would attack “without any hesitation” against any allies of Taiwan seeking to support the nation’s independence from Beijing.
Li spent most of his address at the event, an annual platform for the world’s most powerful military leaders to discuss the future of national defense, promoting the Communist Party’s “Global Security Initiative,” a proposal by genocidal dictator Xi Jinping discouraging countries from acting in the interest of their own defense and instead proposing undefined “win-win cooperation.”
Li insisted China was a pioneer in world peace, repeatedly condemning the United States – without naming America – as a force for “hegemony” and “self-serving” clique-forming. Li also pressured America to no longer maintain a presence in the South China Sea, where China illegally claims territory belonging to Taiwan, Brunei, Malaysia, Vietnam, and the Philippines, and regularly attacks non-Chinese ships legally present in their own domestic waters.
“Today, what Asia-Pacific needs are big pies of open and inclusive cooperation, not small cliques that are self-serving and exclusive,” China’s state-run CGTN broadcaster quoted Li as saying.
The breach could result in devastating flooding, potentially killing thousands of civilians as well as disrupting the cooling systems for the nearby Zaporizhzhia Nuclear Power Plant.
The Kakhovskaya hydroelectric dam in Russia’s Kherson Region, located on the Dnepr River upstream from the city of Kherson, suffered significant damage on Tuesday morning, according to a local official and several videos shared on social media.
The upper part of the key infrastructure was “destroyed as a result of a strike,” the mayor of Novaya Kakhovka, Vladimir Leontyev, confirmed to RIA Novosti. While several of the dam’s floodgates were damaged and unleashed an uncontrolled stream of water, the underwater structure itself withstood the attack, the official claimed.
As a result of what Leontyev described as a major “terrorist act,” the water level downstream has risen by up to 2.5 meters, according to Leontyev, who added there was no need for evacuations thus far. He noted that the area has seen higher water levels during previous floods caused by heavy rainfall, but emphasized that local officials were focused on helping citizens as they prepare for a worst-case scenario.
House Republicans say that the FBI is violating a subpoena to turn over an alleged Biden 'bribery' document because the original informant's life could be in danger if they are 'unmasked' - despite the names being redacted.
According to a 'highly credible' whistleblower, an internal FD-1023 memo created in 2020 based off information from a highly-paid FBI informant apparently details a $5 million 'arrangement' for an exchange of money for policy decisions between then-Vice President Joe Biden and a foreign national.
The leaders of the House Oversight Committee were granted access by the FBI Monday to view the redacted FD-1023 form in a secure facility within the Capitol. But it did not satisfy Republicans who are moving forward with contempt of Congress charges against FBI Director Chris Wray for failing to turn over the document in its entirety.
The family of 24-year-old George Watts of Lockwood has filed a lawsuit accusing the U.S Dept. of Defense of “willful misconduct” in the death of their son, by deceiving millions of Americans into taking Covid-19 vaccines that were unsafe and “experimental.” The lawsuit accuses the DOD of orchestrating the largest medical experiment without consent in modern history.
Watts died in October of 2021 after taking two doses of the Pfizer-BioNTech Covid-19 vaccine. His family says he was a homebody who loved video games, and had no prior medical history.
Because he wanted to take his classes in person, George needed to be fully vaccinated. He received his first shot of Pfizer in August and his second in September. His parents said he chose that vaccine because it was recently fully approved by the Food & Drug Administration.
After his first dose, George Jr. experienced complications, which he chose to keep to himself. According to his parents, blood was in his urine after the first shot. He then received his second dose in mid-September, where he experienced flu-like symptoms that did not resolve.
Arizona Governor Katie Hobbs vetoed a new bill that would have made it illegal to facilitate or record sexually-explicit conduct in public places, like classrooms and government buildings.
This veto decision comes months after an Arizona teacher was fired after being caught recording pornography of herself and another individual in her classroom and posting it to the website OnlyFans.
“No 12-year-old child should ever have to worry that their middle school desk was the location of a porn shoot, yet because of Hobbs’ actions, this is precisely the case,” said Arizona State Senator Jake Hoffman.
SB1696 was supported by Republicans and made it through the House and Senate. However, Democrats ended up voting against the proposal, as expected.
In November of last year, another teacher was discovered recording porn in her 8th-grade class, before uploading the videos to social media platforms, OnlyFans, and other risqué websites.
Instagram immediately slapped a six-month suspension on the campaign accounts for Robert F. Kennedy, Jr. (RFK Jr.) as soon as they were created.
The Democratic presidential candidate took to Twitter to lament the immediate ban. Tagging the official Twitter account for the social media platform, he asked: “When we use our Team Kennedy email address to set up Instagram accounts, we get an automatic 180-day ban. Can anyone guess why that’s happening?”
RFK Jr. also lamented how Instagram – owned by Mark Zuckerberg’s Meta – hasn’t reinstated his account, “which was banned years ago with more than 900,000 followers.”
In order to stop so-called global warming and climate change, the Irish government has proposed culling 200,000 dairy cows to meet the country’s climate targets.
The Irish government’s report came from an internal briefing paper from the Department of Agriculture looking for strategies to bridge the emissions gap in the sector. This particular plan calls for culling around 65,000 dairy cows annually until the target of 200,000 cows slaughtered is reached in order for the country’s agriculture sector to align with overall climate targets.
It turns out that more than 80 percent of Cooper’s $12 million annual salary, or about $10 million, comes directly from Pfizer. This would explain why Cooper has never once told the truth about Pfizer’s mRNA Wuhan coronavirus (COVID-19) “vaccines,” choosing instead to push them on his viewers.
It has been one month since Apple launched its new savings account service with Goldman Sachs, and customers everywhere are reporting that they are having trouble accessing their cash.
After attracting more than $1 billion worth of deposits in the first four days of launch, Apple has apparently restricted withdrawals and transfers.
Fox News has experienced a massive decline in ratings year-over-year following Tucker Carlson's sudden departure from the network approximately six weeks ago.
According to Nielsen, Fox News has experienced a 37% YoY decline of 1.42 million primetime viewers, according to Deadline Hollywood. Competing network MSNBC, meanwhile, saw an increase in viewers, bringing the network to 1.16 million during primetime, a 14% YoY gain in May.
In third place was CNN, which saw its primetime ratings shrink to 494,000 viewers last month, a 25% decline YoY vs. May 2022.
New study looking at 20,000 papers on the global impact of the lockdowns says the benefits were "negligible", whereas the collateral costs were "staggering". “Biggest policy mistake in our lifetime," the authors conclude.
British Airways and Boots are among thousands of firms who have been hit by a massive cyber attack as bank and contact details have been exposed in a huge security scare.
The cyber attack targeted Zellis, a payroll provider used by hundreds of companies in Britain.
After introducing a string of AI-powered assistants for its products, Microsoft has now announced that it will soon end support for the Windows standalone Cortana app.
GIGABYTE has released firmware updates to fix security vulnerabilities in over 270 motherboards that could be exploited to install malware.
The firmware updates were released last Thursday in response to a report by hardware security company Eclypsium, who found flaws in a legitimate GIGABYTE feature used to install a software auto-update application in Windows.
All iPhones updated beyond iOS15.2 include a built-in setting, which will tell you if it has genuine parts fitted.
If your second hand iPhone has been tampered with or has any replacement parts, this feature will let you know.
Former Vice President Mike Pence has signed paperwork to run for president in 2024 according to a form filed with the Federal Election Commission Monday.
Pence, 63, is now officially throwing his hat in the ring after months of speculation, joining a slew of other GOP hopefuls looking to take down the party’s clear frontrunner, Donald Trump.
According to one of the most recent studies into the viability of human life on the Red Planet, scientists have said that if humans spend any longer than this point the levels of radiation become unsafe.
Over the weekend, Florida First Lady Casey DeSantis prompted leftist outrage as she joined her husband Ron in Iowa while wearing a leather jacket emblazoned with the words “Where Woke Goes to Die.”