Independent thinking for complex markets and current events
D.C.’s signature program for first-time home buyers has run out of money this budget cycle after just three months, disrupting home searches for eligible residents for the second time since June. The District’s Home Purchase Assistance Program (HPAP), intended to lift people with very low to moderate incomes into homeownership with significant loan assistance, has …
Just about everyone has a view on China’s economic troubles. Its deepening property crisis, deflationary currents, and increasing protests are all Asia observers can talk about. Yet one very important voice is barely saying a word about the state of Asia’s biggest economy: President Xi Jinping. This is true both rhetorically and by way of …
Pa. launches grant program to address ‘period poverty’ in schools The vast majority of Steelton-Highspire School District students — more than 91% — come from low-income families and there are no supermarkets or drug stores in walking distance. That leads to problems for girls and young women who need menstrual products and cannot attend school …
It is now one of the unspoken but immutable dictates on Wall Street: with each new banking crisis, the Federal Reserve will quickly create an emergency bailout program and give it a three to four letter abbreviation so that it vanishes into an alphabet soup blur of Fed bailout programs that preceded it. The latest …
‘We need to figure out how to move faster,’ a solar industry expert said The Biden-Harris administration has, for years, vowed to deploy thousands of solar panels to stabilize Puerto Rico’s power grid amid regular blackouts, government mismanagement, and ever-increasing residential electricity rates. But, years after making that promise, a $1 billion program central to …
⚠️BREAKING: FED #BTFP 📉 •Federal Reserve Bank Funding program is down -40% from its summer high to $102 Billion • In the same time Frame the #nasdaq is down -8% The BTFP should drain down another $50 billion in Q3 pic.twitter.com/IoaFTDyDxk — The Coastal Journal (@1CoastalJournal) August 1, 2024 The anticipated trend suggests that the …
https://x.com/AGAndrewBailey/status/1818803801169563695 Context: President Biden’s Executive Order 14019, signed on March 7, 2021, directs federal agencies to promote access to voting. This includes using agency resources and premises to support voter registration through “approved” nonpartisan organizations, which lack any center or right-of-center representation. Biden Bucks: Executive Order 14019 So you waited FOUR YEARS and hundreds of millions …
Four states now have laws in place that prevent cities and counties from creating or continuing guaranteed income programs, and several more have tried or are trying. “After years of momentum behind guaranteed income programs that disburse no-strings-attached cash, the backlash has arrived in force,” writes Sarah Holder in an article for Bloomberg. More than …
And what happens when home values go down? No way to refinance and no way to sell without coming up with tons of cash out of pocket. In the last crash, it took over ten years for home values to recover. pic.twitter.com/f881uraBO0 — Mike Roberts (@MyHECM) May 17, 2024 In a shocking move that could …
US Treasury Secretary Janet Yellen is responding to accusations that the US government and more than a dozen financial institutions have teamed up to spy on Americans’ private bank transactions. The House Judiciary Committee recently published a memo accusing the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) of urging banks to surveil their customers’ transactions …
The Department of Defense (DoD) reallocating $130 million from its $140 million training budget for the USAACE flight program to foreign obligations, including Ukraine, means that funds originally earmarked for domestic training will now be used for international purposes. BREAKING: The DoD has pulled $130M of their $140M training budget for the USAACE flight program …
Key points: The F-35 fighter jet program’s lifetime cost is estimated to exceed $2 trillion, up from a 2018 estimate of $1.7 trillion. Sustainment costs increased by 44% to $1.58 trillion over the program’s lifetime. The Pentagon extended the projected life of the plane to 2088. In 2023, the average F-35A was only mission capable …
BREAKING: news The Israeli army bombarded areas near Isfahan and Natanz, where Iran's nuclear program is located. Israel has become a threat to world peace and the third world war is at the door. The response of Russia and China will be important pic.twitter.com/38zNsYiljk — Nabeel Shah (@nabeel_AMU) April 19, 2024 Israel has responded and …
https://www.youtube.com/watch?v=NuWuaIoZyPI Adams plans to give NYC bureaucrats $2.1B raise as he pushes program cuts over migrant crisis Mayor Adams Mayor Eric Adams signed off on a order that will provide more than 100,000 administration officials and other non-union employees with a retroactive pay increase boosting their salaries by 16.2%. ED REED Mayor Eric Adams …
WASHINGTON, D.C. – Today, America First Legal (AFL), Texas Attorney General Ken Paxton, and a coalition of twenty state Attorneys General took new legal action to stop President Biden from continuing to fly hundreds of thousands of illegal aliens from crime-plagued nations directly into cities across the United States. The underlying lawsuit aims to stop the …
“Nonprofit in Democrat Detroit: Director For Home Ownership Programs For Detroit Arrested For Stealing 30 Homes “Prosecutors say instead of keeping people in their homes, Zena Thomas worked to steal them right out from under the owners.” “This scheme targeted some of our most financially vulnerable citizens and was perpetrated by an individual whose job …
LOS ANGELES (KABC) — Thousands of Los Angeles County homeowners thought they were getting free energy-efficient upgrades – but instead ended up with loans they can’t afford. Now a lawsuit settlement may bring them some relief. Zenia Ocana is one of thousands of L.A. homeowners targeted by the company Renew and Renovate America to enroll in …
In response to the Centers for Medicare and Medicaid Services (CMS) announced rate cuts, Adam Brandon, FreedomWorks president, commented: “Yesterday, the Biden administration continued their attacks on the private sector option for seniors on Medicare, Medicare Advantage. This is the second cut in two years. This latest round of cuts will cost seniors an extra $33 per …
REPORT: Chilean gangs are taking advantage of the U.S. Visa Waiver Program and are coming to the U.S. just to burglarize luxury homes. The U.S. Visa Waiver Program allows tourists to enter America for 90 days or less. The gangs are very well equipped and use wifi-jammers to… pic.twitter.com/RHNsBVHzIA — Collin Rugg (@CollinRugg) April 1, …
The Biden administration’s program of secretly flying illegal immigrants directly from Latin America to U.S. cities dumps over 90% in hubs of two Southern states governed by the president’s harshest border critics, according to government data. Some 347,959 migrants allowed into the secretive system fly directly to airports in Florida and Texas, with Florida receiving …
While the Ukraine conflict rages on and rumors run rampant about France potentially deploying up to 2,000 troops to Ukraine, according to Russian intelligence, the US Army yesterday issued a “Utilization of the Army Retiree Recall Program.” On March 20th, the US Army Publishing Directorate published ALARACT 017/2024. The title of the form is “Utilization …
Lara Trump with Benny Johnson this morning. RNC hires Scott Presler to lead voter outreach program. Drop boxes, early voting, registering new republicans at Nascar events, church, little league, all sporting events.pic.twitter.com/LDIHgSTl5O — Citizen Free Press (@CitizenFreePres) March 15, 2024
Looks like we have another racist AI program. .@amazon's racist AI response feature let's you search for black businesses to support, but when you ask about white businesses, the AI says it's "not comfortable" and urges you to support "diverse" businesses instead. pic.twitter.com/TEYsfBHOEU — Libs of TikTok (@libsoftiktok) March 12, 2024 Amazon’s AI, displaying a …
A lawsuit reveals Biden’s CBP is refusing to disclose airports where it is flying undocumented aliens from other countries It comes amid a continued flow of migrants over the southern border Biden’s expansion of the CBP One app allows migrants to apply for asylum in their country, be flown to the U.S. and given two-years …
by confoundedinterest17 Another Biden program bites the dust, this time his big push to encourage everyone to buy an electric vehicle (EV). Meanwhile, Biden keeps going on vacation (as if he REALLY cares about middle America). Cars and light trucks are seeing declining YoY sales in January (-0.7%) as M2 Money growth remains negative. Automotive News was the …
An elementary school teacher who questioned a California school spending $250,000 on a teacher training program called “Woke Kindergarten” was placed on leave by Hayward Unified School District Thursday, according to the San Francisco Chronicle. Craven-Neeley said he had voiced concerns over the program Wednesday at a staff meeting, after the Chronicle had ran an …
STEPHEN A SMITH: “We got poor… starving people who were born and raised in this nation. How the hell do we come up with a $53 million pilot program for illegals?… that’s why Trump is on the verge of being elected.” STEPHEN A SMITH: “We got poor… starving people who were born and raised in …
Canada has halted their Extermination Program for the Mentally-ill until 2027. Read that twice. pic.twitter.com/Ee5J5HXmtX — Liz Churchill (@liz_churchill10) February 4, 2024 https://twitter.com/_/status/1754005404495790454 Can you ask the government to help you die in Canada if you have mental illness? That was the plan but now the government will put that off for a bit because …
Mayor Eric Adams’ administration will soon start handing out pre-paid credit cards to migrant families being put up in Big Apple hotels, The Post has learned. The $53 million pilot program, run by the New Jersey company Mobility Capital Finance, will provide asylum seekers arriving at the Roosevelt Hotel with the city cash to help them buy …
This is the sweet spot for all of the next incoming busses. “New York City is set to distribute $53 million worth of pre-paid debit cards to illegal immigrants at the cost of taxpayers. These pre-paid debit cards, otherwise known as the “Immediate Response Card,” will help illegal immigrants buy food, according to the New …