Independent thinking for complex markets and current events
The power toolmaker Stanley Black and Decker is the latest firm to face a boycott from conservatives over its diversity-hiring policies and support for LGBTQ causes. Consumers’ Research, an advocacy group, has panned the Connecticut-based firm for picking suppliers based on their race, and funding LGBTQ lobbying in Washington. The company, which is behind such …
It’s a new record of shame. Nearly 150 more male patients are suing convicted “sadistic’’ former top city urologist Darius Paduch, making the case the largest involving male victims — now a total of 310 — and a single abuser, lawyers say. “Darius Paduch exploited more male patients than any predator in history,” plaintiff lawyer …
Homes in 91% of US metro areas were overvalued in the third quarter, Fitch Ratings reported. Home prices are overvalued by 11.1%, an uptick from prior quarters, as wage growth lagged. December notched the highest annual price gain since 2022, S&P Global found. The US housing market is seeing some signs of loosening amid an …
I'm actually surprised that he is seeing any jail time at all, I just assumed they would let him go to continue living his picture perfect existence 🤷🏾 — dAb LaB (@dab420lab_eth) September 3, 2024
Venezuela experienced a significant power outage early this morning, affecting all 24 states with either total or partial power failures. Communications Minister Freddy Nanez attributed the blackout to “sabotage” of the national electrical system. BREAKING – Venezuela reports ‘total or partial’ power failure in all states: minister https://t.co/8fvG34QYwc pic.twitter.com/3uz6RNufNF — Insider Paper (@TheInsiderPaper) August 30, …
The Taliban on Monday rejected criticisms announced by the United Nations over new laws that ban women in Afghanistan from baring their faces and speaking in public places. Roza Otunbayeva, who heads the U.N. mission in the country, “UNAMA,” said on Sunday that the laws provided a “distressing vision” for Afghanistan’s future. She also said …
I now predict something that is not priced into ANY Wall Street earnings model: A secular Tech recession. I base this on the fact that the Cloud outsourcing bubble that began during the pandemic is now four years old and encompasses the last manic AI melt-up phase. Which will… pic.twitter.com/8Bbv8hmzj9 — Mac10 (@SuburbanDrone) August 13, …
The legal watchdog Judicial Watch filed a complaint on Monday with the Federal Communications Commission against NBC for airing an “obscene and indecent” Olympic opening ceremony skit that some say mocked the Last Supper. The group said the skit included a man exposing himself during the ceremony watched by millions, including children. The French Catholic Church hit the opening ceremonies …
Ukraine has reportedly run out of men to fight against Russia in the war. The Wall Street Journal and Die Welt claimed that conscription in Ukraine’s prisons has also failed to meet the needs of the war-torn nation. The reports add that Ukraine won’t be able to launch a summer offensive due to the lack …
https://twitter.com/GayBearRes/status/1806374707186344192 China’s giant solar industry, which has been at the forefront of renewable energy expansion, is indeed facing significant turmoil. The challenges it confronts are multifaceted, including supply chain disruptions, policy shifts, and international trade tensions. Let’s delve into the causes behind this situation: Supply Chain Disruptions: The COVID-19 pandemic has severely impacted global supply chains, …
In a shocking turn of events, CNN finds itself on the defensive in a billion-dollar defamation lawsuit. Navy veteran Zachary Young is taking on the media giant for their portrayal of his efforts during the Afghanistan evacuation. The case hinges on CNN’s use of the term “black market” and accusations of exploiting desperate Afghans. With …
The affluent U.S. island beloved by the Obamas – and favored in summer by hordes of the rich and famous – is facing a housing shortage that has gotten so severe it is ‘threatening public safety’ for its residents. Staggering seasonal rents – averaging nearly $1,000 a night – are forcing regular workers, including restaurant, …
Weekend European Parliament elections across the European Union have sent shock waves through the bloc’s centrist establishment, with the French and German engines of Europe’s U.S.-aligned foreign policy—particularly President Joe Biden’s backing for Ukraine and efforts to deter Russia from broader aggression—facing sustained domestic turbulance. Weekend European Parliament elections across the European Union have sent …
In a move that has caused an outcry from both ends of the political divide, California Governor Gavin Newsom is pressing forward with ambitious plans to build a giant tunnel to catch rainwater. Put simply, the tunnel would collect rainwater from the Sacramento River and then send it south for storage. The money for this …
The landscape of US commercial real estate (CRE) is facing unprecedented challenges, with prices plummeting 21% from their 2022 peaks. The latest figures reveal a staggering milestone: the US office vacancy rate has surged to a historic high of 19%, eclipsing levels observed during the financial crises of 2008 and 2020. To put it starkly, …
Donald Trump could end up being forced to pick up trash from the street, clean graffiti or carry out other menial tasks if he’s hit with community service as part of his sentencing for his felony conviction, experts explained. Trump, 77, is slated to be sentenced on July 11 by Manhattan Supreme Court Justice Juan …
Better put fraud alerts on your credit reports just in case To find out if your info’s on the dark web go to haveibeenpwned .com Ticketmaster Hacked, Information Stolen From Over Half A Billion Users The group, called ShinyHunters, is attempting to sell the 1.3 terabyte-sized data file online for a one-time $500,000 fee, to …
Financial earthquakes shake Asia: China’s record bank withdrawals, Japan’s historic stock exodus. BREAKING 🚨: China China sees largest bank withdrawals in history last month of just under 4 trillion yuan pic.twitter.com/EDJSfL8ZyB — Barchart (@Barchart) May 24, 2024 🚨 🚨 Japan Stocks just saw the largest weekly outflow in history of $5.9 billion pic.twitter.com/uyFnbkHeQx — Win …
Last month, California made headlines by increasing the minimum wage for fast-food workers to $20, which many workers across the state were quite pleased about. Unfortunately, it seems like that’s not enough, as new reports suggest that some want to increase it to $30. Layoffs are also hitting many industries hard, and people are questioning …
On Nov. 5, 2023, the New York Times published a story headlined, “Trump Leads in 5 Critical States as Voters Blast Biden, Times/Siena Poll Finds.” Focusing on the states most likely to decide the 2024 election, the New York Times reported, “The results show Mr. Biden is losing to Mr. Trump, his likeliest Republican rival, …
The US Treasury grapples with dwindling cash reserves, teetering on the brink of a debt crisis as tax day’s boost fades into obscurity. With just $45 billion remaining before hitting the theoretical limit, the nation faces an imminent surge in national debt, signaling turbulent times ahead for the economy. April’s tax day influx of $250 …
The global economy stands at a crossroads as the dominance of the US dollar faces existential threats due to unsustainable trade imbalances and rising debt. Renowned economists warn of an inevitable and disruptive adjustment, prompting crucial questions about the direction and management of this monumental shift. US dollar’s outsized role in the global economy has …
The AI chip market faces a significant downturn with net sales plummeting by nearly 25% sequentially and over 40% compared to the previous year. Amidst inflationary pressures and concerns over misdirected investments, every chip company is being labeled as an AI play, raising doubts about the sustainability of the market. https://twitter.com/GregCrennan/status/1787580544479572371 Every chip company is …
New York State Senator, previously supportive of the “Adult Survivors Act,” now deems it unconstitutional after facing a rape lawsuit himself. BREAKING: A New York State Senator that worked to pass the "Adult Survivors Act" which allowed E. Jean Carroll to go after Trump with accusations from 30 years ago now says the law is …
Criticism targets Jared Bernstein, Chair of the Council of Economic Advisers, for alleged lack of understanding about bonds, sparking concerns about the competency of those in charge of US economic policy. Biden's chief economist literally has no idea how bonds work 🤯 This is actually kind of scary. I didn't think they were this dumb. …
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 …
Olivia Schack is now 24. She has been at the Colorado Mental Health Hospital in Pueblo for nearly a year as she is evaluated to see if she is competent to stand trial. Four times, experts have determined she is not.
Wells Fargo embroiled in controversy as customers allege loss of life savings due to scams. Multiple lawsuits accuse Wells Fargo of insufficient security measures. Bank fined millions by federal authorities for unauthorized withdrawals from customer accounts. Allegations of mishandling Pennsylvania unemployment funds and failure to reimburse affected individuals. Customers report losing life savings to scammers, …
George Soros Buys Stake in U.S. Radio Stations: Billionaire hedge fund manager George Soros recently acquired a substantial stake in Audacy Inc., the second-largest owner of radio stations in the U.S. Audacy owns 227 major radio stations across 27 states and 45 cities, including prominent channels in New York, Miami, Atlanta, and other major cities. Soros …
Capitol Hill’s much-anticipated farm bill faces delays and controversy as lawmakers clash over significant cuts to nutrition programs, leaving farmers and vulnerable populations in limbo. Key Points: House Republicans cut $30 billion from nutrition programs in farm bill. Updated bill delayed by one year due to partisan disagreement. Focus on farmer safety net amidst inflation …