Major bridge collapse – Iowa

Main train bridge connecting Iowa and South Dakota collapses due to flooding 🛤 🇺🇸 : #UPDATERail bridge collapses, severing tie between South Dakota and Iowa.South Dakota Gov. Kristi Noem said at a news briefing Monday that the bridge was the main rail link from her state into Iowa. 📎 AF Post pic.twitter.com/XldTJt5OLb — OSINT Expert …

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UBS auctions Midtown Manhattan office at $8 per SF, highlighting NYC real estate struggles

It’s quite an unusual move! Swiss bank UBS, along with its brokers at JLL, has listed a nearly 1 million-square-foot Midtown office building at 135 West 50th Street for sale on the online auction platform Ten-X. Here are the key details: Building: The 920,000-square-foot property is a Class A building constructed in the 1960s. Ownership: UBS owns …

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US LEI down 14.7%, CFNAI-GDP divergence hints at recession; Dallas Fed Manufacturing Index contracts.

The US Leading Economic Index® (LEI) has dropped 14.7% from its peak in this economic cycle. Historically, such a decline has only occurred during recessions over the past 65 years. The index considers data from the US labor market, manufacturing sector, building permits, S&P 500, and bonds. The Chicago Fed National Activity Index (CFNAI), designed to …

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Where The Jobs Aren’t! California Shows No Net Job Growth During 2023

by confoundedinterest17 Where the jobs aren’t! Calfironia under Gavin Newsom and their Marxist elected officials. Based on the most recent release of the early benchmarks, payroll jobs declined by 32,000 from September 2023 through December 2023. On the contrary, the preliminary monthly reports showed a solid increase in job growth (+117,000 jobs) at the time. With the fourth quarter revision, calendar year …

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Tommy Robinson, arrested in Canada on an immigration offense, is detained in Calgary, passport seized.

He’s told he is the subject of “an outstanding immigration warrant” before being led away. Police didn’t offer any clarification on the nature of the warrant. He was arrested after giving a speech in Calgary, Alberta. He has since been released but had his passport seized, He wrote online: “OK I’m free, well, sort of. …

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JPMorgan’s Jamie Dimon warns of potential U.S. “hard landing” amid stagflation and persistent inflation.

JPMorgan Chase CEO Jamie Dimon recently issued a stark warning about the potential for a “hard landing” for the U.S. economy. He cited concerns about stagflation and persistent inflation. Dimon made these comments during an interview with CNBC at the JPMorgan Global China Summit in Shanghai. The economic environment is currently unpredictable due to elevated interest …

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June 27 CNN presidential debate between Biden and Trump: no live audience, muted mics, no opening statements, timed responses.

The upcoming CNN presidential debate on June 27, 2024, between President Joe Biden and former President Donald Trump will adhere to specific rules designed to ensure a more orderly and focused discussion. Here are the key changes: No Live Audience: Unlike previous debates, there will be no studio audience present during the debate. This decision aims to maximize …

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36% of Americans earning $250k+ live paycheck to paycheck due to rising inflation.

According to recent surveys, approximately 36% of Americans earning at least $250,000 a year claim that they are living paycheck to paycheck. This finding highlights how rising inflation is impacting households across the spectrum throughout the country. However, it’s essential to consider the nuances: some high earners may allocate disposable income toward retirement savings or college funds, …

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Our National Migration Crisis Is Supercharging The Growth Of Homelessness All Over The United States

by Michael Over the past three years, millions of migrants have come pouring into this country looking for a better life.  They were promised that things would be so much better once they got here, but for so many of them that has turned out to be not true at all.  There just aren’t enough …

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Countdown To Cataclysm

by Michael We are closer to the unthinkable than we have ever been, but I have noticed that concern about global war has fallen to an exceedingly low level in the western world.  Many people are just having a good old time as if they didn’t have a care in the world, and meanwhile global leaders …

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San Francisco Fed warns of possible unemployment spike amid cooling labor data.

Federal Reserve Bank of San Francisco President Mary Daly has indeed warned that the U.S. labor market is approaching an inflection point. She emphasized that further slowing in the labor market could lead to higher unemployment. While the labor market has adjusted slowly so far, Daly cautioned that we are getting closer to a point where this benign outcome may …

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Rapidan Dam in Minnesota in ‘imminent failure condition’ after recent flooding

🚨#BREAKING: Emergency officials are on high alert as a Minnesota dam is in imminent danger of critical failure ⁰⁰📌#Rapidan | #Minnesota Currently, emergency officials and dam operators in Rapidan, Minnesota, are on high alert following recent heavy flooding of the Blue Earth… pic.twitter.com/SBUjh7Kh5Y — R A W S A L E R T S (@rawsalerts) …

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We’re going to need more bagholders.

We're going to need more bagholders. pic.twitter.com/V1KHIXHGTX — Mac10 (@SuburbanDrone) June 24, 2024 How we looking ? https://t.co/7T8pwBupAT pic.twitter.com/JU3uEtQFT5 — The Great Martis (@great_martis) June 24, 2024 Bitcoin dips below 60k. All US miners are now in the red. They have to continue selling all $BTC to make ends meet. This is the worst case …

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Julian Assange to plead guilty under Espionage Act, freed without imprisonment, returning to Australia.

Julian Assange, the founder of WikiLeaks, has indeed reached a plea deal with the U.S. Justice Department. According to court documents filed recently, Assange will plead guilty to a felony charge related to the Espionage Act. This deal will allow him to avoid imprisonment and resolve a long-running legal saga that spanned multiple continents. The charge specifically relates to conspiring to unlawfully obtain and …

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NVIDIA’s Silent Contribution to Rising Energy Bills

Nvidia’s stock surge is fueling the tech and AI boom, driving up demand for data centers, which significantly increases energy consumption and strains local power grids, causing higher energy costs and potential blackouts. As the AI boom continues, the need for sustainable energy solutions like nuclear power is becoming critical to support the escalating energy …

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Japanese Yen nears 160 vs USD, marking 8th daily decline, signaling potential collapse.

BREAKING 🚨: Japan Japanese Yen is in imminent danger of falling to the 160 level against the U.S. Dollar and is on track for an 8th consecutive daily decline against the USD! Absolute collapse here! pic.twitter.com/V2SE3W52zw — Barchart (@Barchart) June 24, 2024 USD/JPY pic.twitter.com/oL2Qdgsiob — Win Smart, CFA (@WinfieldSmart) June 24, 2024 Japan says it's …

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The CBO projects a $1.9 trillion deficit for FY 2024. If rate cuts are delayed and a recession occurs, the deficit could escalate even further.

The Congressional Budget Office (CBO) has recently updated its projections for the U.S. government’s budget deficit. Here are the key points: Fiscal Year 2024 Deficit: The projected deficit for fiscal year 2024 is $1.9 trillion. Adjusted to exclude certain payment timing effects, the deficit amounts to $2.0 trillion in 2024. Deficit Trend: The deficit is …

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USLS abruptly shuts down, leaving 2,000 employees jobless and customers scrambling for freight.

In a recent shocking move, the Texas-based U.S. Logistics Solutions (USLS), owned by Ten Oaks Group, abruptly ceased operations, leaving over 2,000 employees jobless. The closure affected 500 truck drivers, 732 power units, and resulted in the shuttering of 19 terminals, primarily on the East Coast. Former USLS President Eric Culberson expressed devastation and heartbreak due …

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Russia declares USA a party to the conflict

On Monday, the Russian Foreign Ministry summoned US Ambassador Lynne Tracy to express its protest over the deadly attack on Sevastopol. During the conversation, the diplomat was told that the Kiev regime, protected and armed by Washington, had carried out a deliberate missile attack on the civilian population of the Crimean city, injuring or killing …

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ICYMI: He’s Not Wrong:

by Glenn Reynolds BREAKING: The former Democrat Governor of New York just admitted live on air that the Trump case would've never been brought if Trump wasn't running for President "I'm telling you, that case would have never been brought. And that's what's offensive to people. And it should be."… pic.twitter.com/KHrq7asKNh — George (@BehizyTweets) June 22, …

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CRE loans need to be refinanced, but with the current insane LTV, securing funding will be nearly impossible. Banks are going to take the hit.

Let’s dive into the world of commercial real estate (CRE) loans and their current situation. CRE Loan Maturities in 2024: A Ballooning Challenge The portion of the $4.7 trillion in US commercial real estate debt that will come due this year has ballooned from $659 billion to $929 billion. These loans must be paid off through …

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S&P 500 hits 31st all-time high this year despite deteriorating US economy…. It is safe to say that the stock market has topped

1) US STOCK MARKET WARNING 2) S&P 500 hit its 31st all-time high this year and is up 15%. 3) Is NVIDIA at an inflection point? 4) The US economy continues deteriorating. Read below the weekly market recap for the trading week 25/2024👇https://t.co/CtDDeknZSF — Global Markets Investor (@GlobalMktObserv) June 24, 2024 https://twitter.com/MFHoz/status/1804899212238201115 Won't be long …

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Stocks at all-time highs; insiders sell, retail YOLOs NVIDIA, fund managers and households are most bullish in years.

Professional Investors are all-in stocks, US households are all-in stocks, Fund Managers are the most bullish in years. Insiders selling shares like crazy. Retail investors YOLO-ing NVIDIA stock. What could possibly go wrong? 👇https://t.co/CtDDeknZSF — Global Markets Investor (@GlobalMktObserv) June 23, 2024 U.S. households now have the highest stock allocation in history  pic.twitter.com/BsH4RwRFlG — …

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They Are Using Lab-Grown Human Brains That They Have Enslaved Called “Organoids” To Run Computers

by Michael When I first started researching this, I could hardly believe that it was true. A company in Switzerland known as “Final Spark” has constructed a bizarre hybrid biocomputer that combines lab-grown miniature human brains with conventional electronic circuits.  This approach saves an extraordinary amount of energy compared to normal computers, but there is …

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20 Million Americans Stuck In An Endless Credit Crisis

The burden of debt on American households has reached staggering levels. As of 2024, U.S. households carry a colossal debt load of 17 trillion dollars. This debt bubble continues to expand, fueled by factors such as rising interest rates and inflation. Let’s delve into some key points: Household Debt Surge: In the last quarter alone, …

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Manhattan’s only Costco raided by shoplifters

A new report reveals the only Costco in Manhattan is now being targeted by thieves, and it just so happens this Costco is next to a Target which closed a few months ago, because of theft. There have been reports of shoplifting incidents at the only Costco in Manhattan. This particular store has become a …

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The US unemployment rate surpasses 36-month average

Unemployment Rate Increase: The unemployment rate in the United States has risen from 3.4% in April 2023 to 4.0%. This increase is significant, especially considering the relatively low rates observed in recent years. 36-Month Moving Average: The fact that the unemployment rate has crossed above its 36-month moving average is noteworthy. Historically, such occurrences have often preceded rapid spikes in the jobless rate. Economic …

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China aims to dominate global nuclear energy with 150 reactors by 2035

China indeed has ambitious plans for nuclear power expansion. According to a report by the Information Technology & Innovation Foundation (ITIF), China intends to construct 150 new nuclear reactors between 2020 and 2035. Currently, China has 27 reactors under construction, which is more than two and a half times the number of any other country. Their goal is to build 6 …

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