China Shadow Bank files for massive bankruptcy.

A major Chinese shadow bank has filed for bankruptcy on the grounds it was unable to pay its debts. On Friday, a Beijing court accepted the application from Zhongzhi Enterprise Group (ZEG), which has lent billions to real estate firms. Chinese officials launched an investigation into “suspected illegal crimes” against the firm in November. It …

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Hospital REIT $MPW crashes -30% after tenant can’t pay loans & rent | “We might not recover deferred rent or loans but here is another loan”

by Dampish10 There can be no assurance that Steward will successfully execute its plans or that the Company will recover all of its deferred rent and loans outstanding to Steward. As a result, MPT cannot be assured that Steward will make all scheduled lease payments throughout the remaining approximate 22-year fully extended term of its master …

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Uh-oh, Burisma. The gift that keeps on giving. Natalie Winters is spreading the word.

🚨🚨🚨 The criminal law firm representing Burisma, the Ukraine gas giant paying Hunter Biden millions, just registered as a Foreign Agent for its work in 2016. This proves once and for all Hunter Biden violated FARA. The firm was trying to prevent an investigation from the… pic.twitter.com/V7sRcmqabV — Natalie Winters (@nataliegwinters) January 5, 2024   …

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Major Shipping Disruptions Coming

Maersk just announced it will continue to divert from the Red Sea for the foreseeable future. Inflation is back baby! Well this didn’t last long Danish Maersk announced all its ships will be taking the route around Africa and will stop entirely navigating through the Red Sea https://t.co/s8sb7x2k9n — Hussein of the south (@EyesOnSouth1) January …

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BLOOMBERG: Yellen Declares US Economy Has Achieved Soft Landing; Real wage increases mean American workers ‘getting ahead’

Totally out of touch. Treasury Secretary Janet Yellen declared Friday the US economy had achieved a long-sought soft landing, a historically unusual event in which high inflation is tamed without significantly damaging the labor market. “What we’re seeing now I think we can describe as a soft landing, and my hope is that it will …

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VIDEO: “Indian navy evacuated 21 crew members from a bulk carrier targeted by hijackers in the Arabian Sea”

BREAKING FOOTAGE: India’s navy commandos boarded a vessel in the Arabian Sea after a hijacking distress call, the latest attack on commercial shipping in the region. pic.twitter.com/DqmHlDk1qR — Insider Paper (@TheInsiderPaper) January 5, 2024 NEW DELHI (AP) — Indian navy commandos safely evacuated 21 crew members from a Liberian-flagged bulk carrier involved in a hijacking …

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Multiple shootings in Atlanta area. 3 shot, 1 dead in Forest Park. “All city buildings and local schools have been placed on lockdown”

ATLANTA, Ga. (Atlanta News First) – Police have arrested an “armed and dangerous” suspect after shootings at two locations left one victim dead and two others injured in Forest Park Friday, they said. Forest Park police said Victor Demetrious Baymon was arrested after a brief pursuit in Cobb County. Powder Springs police gave an update …

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She’s out of touch with reality.

Joy Behar mocks anti-vaxxers and then goes on to say: "I have been boosted and boosted and boosted, so I got COVID. It does not prevent you from getting COVID, but you don't die from it." Some people you just can’t help. pic.twitter.com/9uslphSaeU — Died Suddenly (@DiedSuddenly_) January 5, 2024

Seek answers for Harvard plagiarism scandal, attorney for Carol Swain demands accountability from Harvard Corporation.

by Stephen Green Attorney for Carol Swain Sends Letter to Harvard Corporation Demanding Answers for Plagiarism by Disgraced President. The Tennessee Star obtained the letter written by an attorney representing Dr. Carol M. Swain, sent on Wednesday to the Harvard Corporation, including Interim President Alan Garber and Senior Fellow Penny Pritzker, demanding answers about what Swain …

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Large insider selling at Adobe (ADBE)

by stockocean I have a screener on for large insider sales and came across the following at Adobe: CEO Shantanu sold $19 million worth of stock on 12/22/203. CFO Daniel sold $1.8 million worth of stock on 12/26/2023 Yesterday, the president of Digital Media David Wadhwani sold $3.5 million of stock (~43% of current holdings). …

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Crypto hedge fund CEO may not exist; probe finds no record of identity – HyperVerse caused $1.3 billion in customer losses

For years, rumors spread on social media that Steven Reece Lewis, the chief executive officer of a now-shuttered cryptocurrency hedge fund called HyperVerse, was a “fake person” who “doesn’t exist.” After its investigation, The Guardian has confirmed that no organization cited on his resume “can find any record of him.” According to The Guardian, Reece Lewis’s qualifications all appear to be falsified …

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Zero Hedge Admits It Was Wrong About Fed Pivot – It Got Tied Up In Its Own Knot.

BY DAVID HAGGITH Photo by Torsten Dederichs on Unsplash It is funny how Zero Hedge admitted it was wrong. They did it by admitting everyone else was wrong who got tied up in the latest mess of pivot mania without mentioning that they were caught up in it themselves. In fact, they were practically championing the mania, rather than criticizing it as …

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BREAKING: Supreme Court to hear Trump’s 14th Amendment ballot case, oral arguments set for February 8.

Supreme Court agrees to weigh whether Trump can be kicked off ballot in Colorado The case raises a novel legal question under a constitutional clause that prohibits those who have “engaged in insurrection” from serving in the federal government. WASHINGTON — The Supreme Court on Friday agreed to consider whether former President Donald Trump could …

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TSA director arrested for alleged forgery and property fraud in Florida

An official with the Transportation Security Administration (TSA) has been arrested on an outstanding warrant, according to local reports. TSA Assistant Federal Security Director Maxine McManaman was arrested in Atlanta by U.S. Customs and Border Protection on Dec. 28. McManaman had a warrant for her arrest posted by the St. Lucie County (Florida) Sheriff’s Office, …

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Pa. legislators’ bill would ban ‘sanctuary’ cities, counties for undocumented immigrants

A state lawmaker wants to prevent Pennsylvania municipalities and counties from designating themselves as “sanctuary cities” for undocumented immigrants. State Rep. Ryan Warner, a Fayette County Republican, co-introduced a bill in November that was assigned to the House Judiciary Committee. Warner said in a statement released Wednesday that an estimated 300,000 immigrants, 75% of whom …

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US Interest Cost Now Exceeds $1T

The US will need to print over $1T per year just to pay the interest. Since US Gross Domestic Product is roughly $25T that means that inflation will never be below 4% ($1T / $25T) until the US goes bankrupt. That number will grow substantially as we move forward. Queue “Requiem for a Dream” music. …

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Snow crab season canceled for second year in a row

Gabriel Prout is grateful for a modest haul of king crab, but it’s the vanishing of another crustacean variety that has the fishing port in Kodiak, Alaska, bracing for financial fallout; for the second year in a row, the lucrative snow crab season has been canceled. “We’re still definitely in survival mode trying to find …

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Open Borders and Political Maneuvers: Dems Allegedly Exploiting Census for Congressional District Advantage

Dems want many new imported Dems (after amnesty). But even without amnesty Dems are using illegal aliens as pawns for re-drawing congressional districts for additional Dem congressional representatives in the House. Obama (who is Biden’s puppetmaster) said he would “fundamentally transform America.” Patriot Thomas Massey has proposed a constitutional amendment to clearly exclude illegal aliens. …

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BREAKING: B1 Bomber crashes near Ellsworth Air Force Base; crew ejects safely, investigation underway.

🚨#UPDATE: A four-person crew from Ellsworth Air Force Base is safe after ejecting from their B-1B Lancer according to a statement from Ellsworth Public Affairs, the incident occurred during the B-1B's landing attempt at Ellsworth. The crew was engaged in a training mission at… pic.twitter.com/lV8yFxFN76 — R A W S A L E R T …

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Asked about Epstein’s flight logs, Vivek responds with a dozen proven conspiracies. Mission accomplished.

Asked what he would do in response to the release of Epstein's flight logs, Vivek responds… *proceeds to rattle off a dozen conspiracies that are now proven true* I swear this dude is on a mission to answer every question exactly right pic.twitter.com/6DmbcjUbuN — Clint Russell (@LibertyLockPod) January 4, 2024 Flashback. https://t.co/87rVi62XOy — Catturd ™ …

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Epstein Victim Was Used to “Obtain Blackmail Information” on “Prominent American Politicians”

New information released as part of the second round of Epstein data shows that a teenage girl was used to “obtain potential blackmail information” on “prominent American politicians” and other world leaders. According to the allegations from a victim, “Epstein also sexually trafficked the then-minor Jane Doe, making her available for sex to politically-connected and …

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Why Predictions of When the Price of Rent Will Fall Have Been Wrong

via Mike Shedlock: Economists and others have been predicting monthly increases in rent would stall or fall for two years. Year-over-year rates are down, but monthly increases are still big. Five measures of year-over-year rent increases, various sources described below, Chart by Mish Chart Notes NTR is the New Tenant Rent index from the Cleveland Fed. Lower …

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