A hub for independent voices and hard truths
Today, Texas Permanent School Fund leadership delivered an official notice to global asset manager BlackRock terminating its financial management of approximately $8.5 billion in Texas’ assets. My statement: pic.twitter.com/wf79a1jZlf — Aaron Kinsey (@AaronKinseyTX) March 19, 2024 Texas just pulled a …
(Bloomberg) — The US will award Intel Corp. $8.5 billion in grants and as much as $11 billion in loans to help fund an expansion of its semiconductor factories, marking the largest award from a program designed to reinvigorate the …
Wait, so Biden’s “Infrastructure bill” allocated $5 billion towards building charging stations, and only 8 have been built?! Not 8,000, Not 800, *8*, For $5 billion Wait, so Biden’s “Infrastructure bill” allocated $5 billion towards building charging stations, and only …
via Mike Shedlock If you live in Illinois, get the hell out before unions take every penny you have. Illegal Vote Pandering In Chicago, The Chicago Teachers’ Union is Pushing Students to Vote for Mayor Johnson’s Tax Hike. The Chicago Teachers …
"We're borrowing money to pay our rent as citizens in our own country" "And we're sending $100 billion to another country" "Under what world is that a good idea?" "It's a terrible idea" "There's a danger of destroying the US …
Donald Trump is now to the left of President Biden when it comes to TikTok – with Biden telling reporters recently that if Congress passes a bipartisan proposal that could ban the Chinese-owned video-sharing app on national security grounds (whether it actually poses …
The President today submitted to Congress his Budget for Fiscal Year (FY) 2025, which requests a total of $37.8 billion in discretionary resources, an increase of $467 million over an FY 2024 Annualized Continuing Resolution, and a total of $10.5 …
Russian forces destroyed 2 American Patriot systems in a day. The cost of each is $400 million for the system and $690 million for the missiles, a total of $1.1 billion 40 million Americans are living in Poverty. And half of …
by confoundedinterest17 In statistics we talk about “jump processes.” Like Federal government spending every time there is a financial crisis like the subprime crisis of 2008-2009 and the Covid lockdowns of 2020. Each crisis brought a jump in the level of spending …
NEW YORK (AP) — Embattled New York Community Bancorp announced a lifeline of more than $1 billion from a group of investors on Wednesday, after seeing its stock plunge by more than 80% this year. The announcement sent shares of …
🚨JUST IN: NEW YORK COMMUNITY BANCORP HALTED FOR PENDING NEWS. STOCK DOWN -41% TODAY. PROBABLY NOTHING. pic.twitter.com/LYMrLJ6vKv — Genevieve Roch-Decter, CFA (@GRDecter) March 6, 2024 This bank is on end of life support in the Bank ICU. This will be …
Despite sanctions, Russian revenues from the sale of raw materials increased by 80% – WION Despite Western sanctions, Russia's oil and gas revenues grew by more than 80% in February, reaching $10 billion, WION reports. The Finance Ministry said Tuesday …
The House of Representatives is expected to take one step closer to ending a brutal, months-long fight over government funding on Wednesday with a vote on a nearly $460 billion spending package. The 1,050-page bipartisan legislation is a package of …
China is increasing its military budget The defense budget will be increased by 7.2 percent and will amount to about 232 billion dollars, according to the draft budget published today at the opening session of the All-China People's Congress. China …
View post on imgur.com The future of Britain’s second aircraft carrier is under threat due to funding issues, naval sources have claimed. Senior figures have spoken out after it emerged next week’s Budget will not include any significant rise in …
They can evaluate these nuts. That seems high. Reddit is seeking a valuation of up to $6.5 billion in its upcoming IPO, according to a person familiar with the matter. The company plans to price its IPO between $31 to …
🇨🇳China Stocks See Largest Weekly Outflow Since October, Says BofA Chinese stock funds saw the largest weekly outflow since October, as the government seeks to stem a decline in the stock market, according to Bank of America Corp. strategists. About …
by confoundedinterest17 Paul Krugman and others are cheering the defeat of inflation (odd since it is on the rise again). But how does our Federal government “grow” the economy and inflation? Borrow and spend, baby! The Bureau of Economic Analysis …
Harvard announced it is exploring a $1.65 billion bonds sale in an attempt to raise capital through debt financing despite poor macroeconomic conditions, a move that comes after the University faced months of donor backlash. The potential ten-figure bond sale, …
PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway, is attempting to negotiate a settlement with the US government, as the latter is threatening to sue the company to redeem nearly $1 billion in costs related to the 2020 wildfires in …
Nvidia’s stock pops 16% to spur biggest one-day gain in market capitalization by any U.S. company It’s a testament to Nvidia Corp.’s blockbuster run over the past year that Wall Street is, in a way, looking past eye-popping metrics like …
via Mike Shedlock: The cost estimate of Biden’s Inflation Reduction Act coupled with EPA mandates, just jumped by $466 billion. The Committee for a Responsible Federal Budget and the latest Congressional Budget Office outlook conclude IRA Energy Provisions Cost Could Double …
Former President Donald Trump must pay nearly half a billion dollars as a bond to New York State before he can appeal the ruling by Judge Arthur Engoron last week that he must pay $354 million in fines — over …
Analysis of the immigration provisions in the Senate’s supplemental spending bill explained numerous conceptual and operational problems with the proposal that have been described by my colleagues, here. Less attention has been given to the spending provisions. Even though the immigration …
With New York about to steal 300+ million from Trump this probably comes as welcome ruling! Donald Trump just made $4 BILLION on Truth Social. Amazing. Takes the sting out of Engoron. — Bill Mitchell (@mitchellvii) February 16, 2024 https://twitter.com/MAGAMAN614/status/1758281968150818854 …
The updated $95 billion supplemental bill without the border provisions captured the necessary 60 votes needed The package includes $61 billion for Ukraine, $14 billion for Israel in its war against Hamas and $4.83 billion to support partners in the …
The HMS Prince of Wales has been unable to depart for the largest NATO exercise since the Cold War, the British Defense Ministry has said. This marks the second blunder involving a Royal Navy aircraft carrier within the space of …
Biden wants his war in Ukraine: “The failure of the United States Congress — if it occurs — not to support Ukraine, is close to criminal neglect” Biden wants his war in Ukraine: “The failure of the United States Congress …
