Independent thinking for complex markets and current events
Nearly $7 billion worth of aid could be jeopardized if the legislation is signed into law, the country’s finance ministry has warned Ghana could lose $3.8 billion of World Bank funding if new anti-LGBTQ legislation is signed into law, the West African nation’s Finance Ministry has cautioned. A $3 billion IMF loan package could also …
Not just sell it, they then have to close the entire reserve infrastructure it looks like. pic.twitter.com/Rw7txW07rS — Tom Fisher (@TomFisher37) March 3, 2024 https://docs.house.gov/billsthisweek/20240304/HMS31169.PDF
Lawmakers leaving the meeting, which lasted about an hour, said it was worthwhile, even though it didn’t lead to any agreements that would avoid a partial government shutdown from beginning this weekend, or clear a Senate-passed package of aid to Ukraine, Israel and Taiwan. “It was a productive meeting on the government shutdown, we are …
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 provisions may be off the table now, Congress still has to pass the annual appropriations …
In an unusual session held on Super Bowl Sunday, the US Senate voted to move forward a substantial $95 billion aid package that will support Ukraine, Israel, and Taiwan, with no southern border security provisions. The package includes $60 billion for Ukraine and $14 billion for Israel. The vote garnered support from RINOs, with a …
Volvo Car said it won’t provide further funding to Polestar, the electric-car maker it created with Volvo’s Chinese owner Geely—the latest EV retrenchment by the global auto industry. The auto industry’s pivot to electric vehicles has been rocked by setbacks this year, just as a flood of new battery-powered models is hitting showrooms. Earlier this …
STOCKHOLM—Volvo Car said it won’t provide further funding to Polestar, the electric-car maker it created with Volvo’s Chinese owner Geely—the latest EV retrenchment by the global auto industry. The auto industry’s pivot to electric vehicles has been rocked by setbacks this year, just as a flood of new battery-powered models is hitting showrooms. Earlier this …
It’s disheartening to see the discontinuation of funding for UNRWA, impacting the lives of Palestinian refugees. The plea from President Abbas underscores the crucial role this agency plays. Meanwhile, Zelensky’s proposal sheds light on the intricate dynamics of global support, emphasizing the need for funds to directly benefit nations facing crises. In the midst of …
Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20240124a.htm TLDRS: The Federal Reserve Board announces the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11 This past week, total outstanding amount of all advances from the liquidity fairy under the Bank Term Funding Program was $161,501,000,000 As of 10/31/23 total outstanding amount of all advances from the …
Billionaire Reid Hoffman does not plan to give any more money to Nikki Haley’s presidential campaign, a person familiar with the matter told CNBC. Hoffman is one of Haley’s first wealthy donors to start heading for the exit after she said she will remain in the GOP nomination contests against former President Donald Trump, despite …
Nato warns of all-out war with Russia in next 20 years Civilians must prepare for all-out war with Russia in the next 20 years, a top Nato military official has warned. While armed forces are primed for the outbreak of war, private citizens need to be ready for a conflict that would require wholesale change …
Senate and House leaders announced on Sunday that they had struck an overarching agreement on 2024 government funding, but it was not clear whether they would be able to cement the deal and pass it into law in time to avert a partial government shutdown in less than two weeks. After weeks of negotiations and …
The founder of the group behind the lawsuit removing President Trump from the Colorado Ballot reveals their largest donor is George Soros. https://twitter.com/06Kiu/status/1740089173212606510
via MSN: Millions of Americans are at risk of losing key modes of transportation as intercity bus depots close down en masse in many cities due to rising operation costs and loss of government funding, among other reasons. Made up of companies like Greyhound, Trailways, and Megabus, intercity bus lines offer transportation options between cities that …
by confoundedinterest17 Both the US Federal government and California’s government are facing a fiscal inferno. Thanks to a softening economy and inane fiscal policies. At the macro level, we see that The Federal government has gone wild spending money and borrowing it. Much more than businesses and households. Biden’s wild spending reduces the degrees of freedom that …
How is this not Quantitative Easing: Soft landing my a**, BTFP is going up again and I would love to know which regional banks are borrowing this time. Also it says on their website that BTFP ends on March 11, 2024 what happens the next day. The banks get their garbage collateral back which is …
House Republicans are digging in with their demands to link aid to Ukraine to permanent changes to U.S. border policy. Speaker Mike Johnson (R-La.) on Tuesday wrote to Office of Management and Budget Director Shalanda Young, pushing back on the Biden administration’s requests to hurry Ukraine aid. In the letter, Johnson recalled an October meeting …
Top U.S. defense firm General Dynamics is planning to open weapons plant in Ukraine – an investment that implies taxpayers will continue to dole out dollars to support war that has no end in sight General Dynamics, based in Renton, Virginia, wants to open an artillery factory in western Ukraine producing 155-millimeter shells within six …
by Chris Black Last Friday the Secured Overnight Financing Rate (SOFR), a repo rate serving as the Fed’s new target reference rate , jumped 6 basis points (6 bps, 0.06) to above the Fed’s target range. SOFR measures (https://www.newyorkfed.org/markets/reference-rates/sofr) the median cost of Treasury repo borrowing. The jump not only caught most people off guard, …
by Virtual_Crow The RRP facility is used to take excess liquidity out of the system. Banks have a ton of extra deposits that they would loan out, and if there’s too little demand for loans they’d loan it at less than 5% (for short term loans). The Fed doesn’t want that because loaned deposits multiply …
by Chris Black This was obvious from the beginning: if the US was going to demand countries to pass pro degeneracy laws, countries are just going to make deals with the Chinese, who don’t put sexual stipulations on trade deals. What is truly amazing is that Americans couldn’t figure it out, and are now shocked …
via reclaimthenet.org: As many as 36 groups advocating free speech, the Free Speech Alliance, have turned to US Congress with a request to stop any further funding of NewsGuard. NewsGuard is an outfit that describes itself as countering “misinformation on behalf of news consumers, brands and democracies.” That “mission” also includes (trust) rating system for …
by confoundedinterest17 President Joe Biden and his boss Barack Obama remind me of the legendary corrupt Chicago politicians First Ward Alderman Michael “Hinky Dink” McKenna and “Bathhouse” John Coughlin. And their love of “boodle” (a slang term money, gained (Biden family payoffs from foreign countries), or spent improperly (Obama shipping large pallets of cash to US enemy …
🚨🚨🚨FLASH FLASH FLASH: Israeli War Funding Bill before Congress gives President Biden power to declare War on Iran!! Read part of the bill below!!! pic.twitter.com/dVtBINyxbl — US Homeland Security News (@defense_civil25) November 2, 2023 https://www.youtube.com/watch?v=MO9PPT71CwU AC
Why do politicians insist on every problem in the world having to be funded by America? Americans can barely afford to pay their bills and buy groceries, our border is porous, crime is through the roof, and cities are falling apart. Why don't we focus on fixing our problems at… https://t.co/vV4wUSAiqT — Wall Street Mav …
Stuff we already know. Not sure why some twitter posts won’t show up here but here’s another link What the full tweet says: “Sen. Rand Paul reveals that the United States is still funding the Taliban and the Palestinians. When asked why, Rand Paul responding by saying, “they think that somehow when you give money …
RINO scum, voting with the Dems. Rep. Andy Biggs, R-Ariz. Rep. Dan Bishop, R- N.C. Rep. Lauren Boebert, R-Colo. Rep. Ken Buck, R-Colo. Rep. Tim Burchett, R-Tenn. Rep. Eric Burlison, R-Mo. Rep. Michael Cloud, R-Texas. Rep. Eli Crane, R-Ariz. Rep. Matt Gaetz, R-Fla. Rep. Paul Gosar, R-Ariz. Rep. Marjorie Taylor Greene, R-Ga. Rep. Wesley Hunt, …
Tennessee lawmakers are looking at rejecting federal dollars for public education and replacing them with state dollars in a move that would make Tennessee the first in the nation to turn down federal education funding. Republican leadership in the state announced the formation of a panel to look at the impact of federal education funding …
