Independent thinking for complex markets and current events
A jury in Los Angeles convicted three individuals for their roles in laundering proceeds of large-scale consumer fraud schemes through gift card transactions. Blade Bai, Bowen Hu and Tairan Shi were convicted of conspiracy to launder proceeds of wire fraud. Bai was also convicted of a separate money laundering conspiracy count. As part of the …
by Ed Driscoll Flashing Red Lights: CBS Airs Story on Voters Being Concerned About Biden’s Age. Monday’s CBS Mornings decided to do its best David Ignatius impression by providing their liberal viewership with what could only be described as flashing emergency lights in the form of CBS’s latest polling showing that not only did former President Trump have a …
by MeowMeowTiger Chuck roast was $5/lb at my local walmart in 2019, $6.5 last year, and $7.5 now 🙁 A 50% increase in price. I eat at least five pounds of chuck roast per week (I don’t eat poultry and rarely eat pork), so it costs a lot of money to me. A local restaurant …
via wikipedia: The candy bar protest, also known as the 5 cent chocolate war, the 5 cent war and the chocolate candy bar strike,[1] was a short-lived 1947 protest by Canadian children over the increase in price of chocolate bars from five to eight cents.[2][3] The strike began in Ladysmith, British Columbia, and spread across …
Yet if the debt hanging over China’s economy limits the potency of the government’s response, that could bring about the worst fears — a plunge in housing prices, followed by expensive rescues of strapped lenders, and an unruly exodus of money. That outcome most unnerves government officials, given that it could bring joblessness, business insolvencies …
https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/C22B882BBDC40AC78525864F008106AB/$FILE/Yellen,%20Janet%20L.%20AMENDEDfinal%20278.pdf h/t cosguy224
BASICALLY, BY BEING AWFUL: How the Democrats lost Florida: Their negligence in the former swing state paved a path for Republican dominance. Rather than simply making America great again Ron DeSantis, Florida’s governor, is bent on making America Florida. That rallying-call should send shivers down any Democrat’s spine. In a state that used to swing, …
via naturalnews: Late last week, the Kansas Office of the State Bank Commissioner shut down Heartland Tri-State Bank of Elkhart, Kan., prompting the Federal Deposit Insurance Corporation (FDIC) to enter into a purchase and assumption agreement with Dream First Bank, National Association, of Syracuse, Kan. The FDIC and Dream First Bank, National Association have since assumed …
by Chris Black This is happening in the UK as we speak: the Indian occupation government in Britain is colonizing the country basically with so-called refugees. Fun fact: Rishi ran on being anti-immigration. Breitbart: British Military families have been left “appalled” after they were given just a week’s notice to leave their homes at a …
by Dismal-Jellyfish Source: https://www.fdic.gov/news/speeches/2023/spjun2223.html TLDRS: After the 2008 financial crisis, banks were found to be undercapitalized and over-leveraged, leading to a complete overhaul of capital requirements through a set of rules known as Basel III. The aim was to ensure banks held enough capital to weather economic storms. However, Basel III is not yet complete, with …
here we go *FOX NEWS TELLS TUCKER CARLSON HE'S IN BREACH OF CONTRACT: AXIOS — zerohedge (@zerohedge) June 7, 2023 BREAKING: Fox News lawyers have reached out to Tucker Carlson notifying him that he breached his contract by launching his show on Twitter. So Fox is allowed to fire Tucker but he is not allowed …
