Independent thinking for complex markets and current events
Taken from here: https://www.federalreserve.gov/consumerscommunities/shed.htm But they keep telling me it is the future of currency, and that the adoption rate is increasing across the globe. Why would bitcoin bros’ lie? Do you think they have anterior motives? /S h/t dyzo-blue
American Airlines has been accused of blaming two underaged girls for being filmed in the plane’s bathrooms by a male flight attendant. Estes Carter Thompson III, 37, was arrested in January after he allegedly recorded four underaged girls – aged 7, 9, 11 and 14- as they used the bathroom aboard several AA flights. In …
Despite ongoing consumer pessimism, spending remains surprisingly robust. Economist Joanne Hsu, director of the University of Michigan’s consumer sentiment survey, provided insights into this paradox, attributing it to a shift in consumer behavior driven by high prices and interest rates. Key Points Americans are abandoning traditional saving goals due to perceived unattainability. Aspirational goals such …
Russia is a relatively poor country, but its made up of mostly white people. Yet somehow these white people have managed to build a quite civilized society despite being poor. https://twitter.com/_/status/1791112151169400938 https://twitter.com/_/status/1791445370511175680 Meanwhile here in America, this is what we’re becoming. Ghetto culture is now in the halls of power. When did Congress get so …
In a land once brimming with promise, the American Dream now flickers like a distant star, obscured by the harsh realities of financial struggle and unattainable aspirations. $100,000 income no longer buys the American Dream in most places, per CNBC. — unusual_whales (@unusual_whales) May 17, 2024 About 42% of those with household income of more …
Panasonic says EV market slowdown in U.S. worse than expected Japan's Panasonic Holdings said on Friday that its EV battery arm will likely miss its initial profitability target due to a worse-than-expected slowdown in the North American market for electric vehicles. "There was… — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) May 17, 2024 TOKYO — Japan’s …
The situation at Ballou High School in DC is emblematic of the dire state of inner-city public education in America. Despite exorbitant spending, including a $124 million building and an annual cost of $25,412 per pupil, the school fails to provide students with essential skills, with only 3% proficient in math and 5% in reading. …
Brace yourselves for the economic storm! The heartland of America is trembling as the median mortgage payment skyrockets to an unprecedented $2,894 per month, shattering all previous records. But the nightmare doesn’t end there. In the wake of Bidenomics, renters and prospective homeowners are being mercilessly squeezed, with only those fortunate enough to have secured …
Rep. Chip Roy (R-TX) expressed concern on the House floor on Tuesday that Islamic “Sharia law” will soon be “forced upon the American people.” During a bizarre rant, Roy questioned, “How many campaign ads, how many speeches are going to be given by my Republican colleagues between now and November about what they will do …
by Michael If you are like most Americans, the cost of living has been going up much faster than your income has been. Right now, millions of Americans that were once prospering are now deeply struggling. When I was growing up, most of the population could afford to live “the American Dream”, but now that …
For generations, cars have symbolized the essence of American identity—freedom, independence, and rebellion. Yet, in 2024, this cherished love story is under siege, as the affordability of cars dwindles, pushing millions to the brink of automotive disenchantment. The aftermath of the pandemic has ushered in an era of soaring costs, with cars, insurance, and repairs …
As President Joe Biden signed legislation Wednesday to send billions of dollars more in aid to Ukraine, officials from Brussels to Washington are working to hamstring former President Donald Trump from taking a different route should he win back the White House. With Congress granting Biden additional “drawdown” authority to send weapons to Kyiv, and …
The vanishing American Dream is starkly evident as a study by @GOBankingRates reveals that every state needs over $100,000 yearly income to attain it. Meanwhile, households, burdened by credit card debt, struggle to maintain spending, posing critical questions about future trends in 2024. The American Dream is Disappearing@GOBankingRates found that all fifty states require more …
Beware: private equity firms buying homes could spell America’s perpetual financial downfall. The looming specter of insurmountable debt threatens the dream of homeownership for countless young Americans, ushering in a bleak future. As distressing foreclosure sales like the one in Washington DC illustrate, the erosion of property rights and the unchecked power of corporations loom …
The Guardian: Low-carb diets work. Why does the American Diabetes Association push insulin instead? The American Diabetes Association takes millions from companies that stand to profit from our reliance on drugs. Is that affecting their guidance? For a glimpse into how big business influences the $4tn US healthcare system, look no further than the world’s …
Another odd thing with so called junk food is that you want more – it’s addictive. you finish one bag and you open another. I knew people ADDICTED to Pepsi and Doritos – had to have it every day HFCS in everything – changes the pancreas. People have always eaten sugar and never had epidemic …
Los Angeles, where Hollywood and its glitter shine, attracts tourists from all over the world. But behind the glittering facade, it’s another image of the golden state. Homelessness, poverty, unemployment, California is far from the American dream.
Instead of protecting her rights, the system seems to be failing her. It’s a sad state of affairs when law-abiding citizens are punished for defending themselves and their property. Arizona State's Attorney Grills American Woman In Court Because Her Husband Defended Their Property Against ARMED Illegal Migrants Illegal Mules were walking on her property, dressed …
from Fox News: The Biden administration finalized long-awaited regulations targeting emissions generated from heavy-duty vehicles, including trucks and buses, the latest salvo in President Biden’s sweeping climate agenda. The Environmental Protection Agency announced the new regulations Friday morning, and officials said they represent the strongest-ever greenhouse gas emissions standards of their kind. The rules will …
Social media star YourFellowArab has been taken hostage in Haiti by one of the gangs who have become de-facto leaders in the midst of the violence that has ravaged the Caribbean island. YourFellowArab, whose real name is Addison Pierre Maalouf, was on the island to interview the man known popularly as Jimmy ‘Barbecue’ Cerisier, the …
https://twitter.com/TheWakeninq/status/1773241084493086842
The United States, once seen as a land of opportunity and prosperity, now has many households facing overwhelming debt. As living costs rise and wages remain stagnant, families nationwide are caught in a cycle of borrowing, struggling to stay afloat amidst record debt levels. This growing problem, driven by various economic factors and societal changes, …
With many of former President Trump’s tax cuts due to expire next year, taxpayers may be wondering if there’s anything they should be doing now to prepare. Trump’s 2017 Tax Cuts and Jobs Act (TCJA) increased the standard deduction, lowered the corporate and estate tax rates and increased the child tax credit, among other things. …
The classic “American Dream” — marriage, two kids, homes, healthcare, cars and education — is now an estimated $3,455,305 over the course of a lifetime, according to a new study from Investopedia. The key element of the study is that anyone can rise from “rags to riches,” enjoying upward mobility and becoming financially successful, according …
via MATT TAIBBI: The German people are famous for putting everything in print, even things they shouldn’t, and in this instance at least, American playwright and author CJ Hopkins is glad. “The irony,” he says, laughing. “The Germans, always documenting everything.” In a letter from the Berlin Prosecutor’s file on Hopkins, the Bundeskriminalamt (BKA, analogous to our …
This is Ukraines MP Hennadiy Vatskak. He is the new proud owner of his new $600,000 ROLLS ROYCE! Sponsored by American Taxpayers. 🚨🚨🚨 pic.twitter.com/41oBkpc3WT — Wall Street Mav (@WallStreetMav) March 20, 2024
He Xiaopeng, the CEO of XPeng Motors, predicts a “bloodbath” against America’s auto industry with the help of cheap China-made electric vehicles (EVs). Over the weekend, former President Donald Trump was campaigning in Andalia, Ohio, when he warned that without fierce new United States tariffs on China-made EVs, the American auto industry will face “a …