Independent thinking for complex markets and current events
Senate agrees to take up measure forcing Trump to get congressional approval for more Iran war action… Four Republicans join Democrats in moving resolution forward… GOP blocked the effort for months before this reversal… Move comes as ceasefire tensions keep rising… White House still keeping pressure on Iran… Oil prices hold near highs after the …
🚨 BREAKING: The Florida State House just voted for a constitutional amendment ABOLISHING all non-school property taxes for Florida homeowners It would be placed on the ballot for Florida voters in 2026 if approved by the Senate. Vote: 80-30 pic.twitter.com/BbtX71Kzfs — Eric Daugherty (@EricLDaugh) February 19, 2026 Factcheck: The Florida House of Representatives did vote …
Sen. Bernie Moreno (R-Ohio) has introduced a bill to establish that citizens of the United States “must have sole and exclusive allegiance to the U.S.” The “Exclusive Citizenship Act of 2025” would make it so that no one may be a citizen or national of the U.S. while simultaneously having any foreign citizenship. If passed, …
The Big Beautiful Bill is sitting in the House chamber right now, and the clock is burning. The Senate passed it on July 1 with a 51 to 50 vote. Vice President JD Vance broke the tie. That sent the bill back to the House for final approval. But the House isn’t rubber-stamping anything. If …
Researchers from TU Wien and China discovered that electrons don’t just instantly connect as we once thought. Instead, they form common properties in measurable waves, triggered by intense laser bursts. Prof. Joachim Burgdörfer put it best: particles don’t just connect—they transform in ways that are faster than our minds can even process. This breakthrough has …
Tech titan Elon Musk has suggested crippling sanctions on Ukraine’s oligarchs is the key to halting the nation’s bloody conflict with Russia Musk, 53, the billionaire CEO of Tesla and SpaceX, called for sanctions targeting Ukraine’s wealthiest elite in a post on X Sunday morning. The stunning intervention was a radical departure from the current …
Despite support from Republican Party presidential nominee Donald Trump, just 55.9% of the roughly 10.6 million votes cast for Amendment 3 were in favor of its passage. Because the Sunshine State’s constitution needs to be amended to legalize adult-use weed, a 60% “yes” vote would have been necessary for it to pass. It’s undoubtedly a …
During a press briefing in Michigan, Vice President Kamala Harris was asked if she’s submitted her ballot yet.
The House of Representatives on Wednesday passed a three-month stopgap bill to avert a government shutdown in 341-82 vote. The bill included $231 million for the Secret Service “to carry out protective operations including the 2024 Presidential Campaign and National Special Security Events.” The measure did not include the SAVE Act which requires proof of …
By Martin Armstrong The latest Supplemental Poverty Measure (SPM) found that at 12.9% of American households currently rely on government assistance, up from 12.4% one year prior. The figure was at 11.8% in 2019 and has risen every year under Biden-Harris. The data only factors in US households and not the tens of millions of illegal aliens …
Here we go again. Another summer, another round of power cuts in California, all under the guise of preventing wildfires. Pacific Gas & Electric (PG&E) has once again decided to plunge thousands into darkness, citing “public safety” as the reason. But let’s cut through the smokescreen and ask the real question: Is this truly about …
The House of Representatives has taken steps to automatically register men aged 18 to 26 for the Selective Service System. This provision was included in the annual defense authorization bill and aims to ensure fair and equitable draft registration. 🚨Breaking News: The House of Representatives has passed a measure today that will automatically register men …
I’ll just leave this here 👇 pic.twitter.com/FOpKMlGkPF — FreedomFightersDaughter🇺🇸 (@FrdmFghtrskid) March 23, 2024
ACRAMENTO, Calif. (AP) — California voters have approved a measure that will impose strict requirements on counties to spend on housing and drug treatment programs to tackle the state’s homelessness crisis, in a tissue-thin win for Gov. Gavin Newsom, who personally campaigned for the measure’s passage. The state accounts for nearly a third of the …
A moderate House Democrat is circulating a resolution to protect Speaker Mike Johnson (R-La.) from a potential removal attempt by one of his party’s hardliners, Axios has learned. Why it matters: Centrist Democrats have floated protecting Johnson to give him room to put bipartisan legislation on the floor. The resolution, authored by Rep. Josh Gottheimer …
via Mike Shedlock: The Philadelphia Fed GDPplus measure, a blend of GDP and GDI, is flashing a signal that recession has already started. Data from Philadelphia Fed, chart by Mish GDPplus is a measure of the quarter-over-quarter rate of growth of real output in continuously compounded annualized percentage points. It’s a blend, but not an …
“The last three recessions occurred when this proxy measure was at or near its lowest levels. The current reading is at or below any spread since at least 1998. Couple poor profit potential with fleeing deposits, and the banks’ ability or profit motivation to lend is minimal.” The last three recessions occurred when this proxy …
