A hub for independent voices and hard truths
In a concerning departure from the norm, overnight markets are witnessing unsettling sell-offs, followed by perplexing rallies during regular trading hours. This topsy-turvy trend contradicts the typical pattern where most gains occur outside regular hours. What’s even more disconcerting is …
Using marijuana regularly is ‘strongly’ linked to heart failure and stroke, two major studies suggest. One paper that tracked 160,000 adults over 54 years old for four years found those who smoked marijuana daily had a 34 percent higher risk …
The rise in California’s unemployment rate from 3.8% to 4.7% is concerning, and it’s an indicator that the overall U.S. unemployment rate may also see an increase in the near future. Focus on California. Unemployment in that state was 3.8% …
https://twitter.com/BeRuzzia/status/1718131312219824235?ref_src=twsrc%5Etfw Russia’s Central Bank on Friday raised its key interest rate by two percentage points to 15 percent, a bigger increase than expected as the bank said it was trying to bring down stubbornly high inflation. The central bank, …
https://twitter.com/ClownWorld_/status/1717585214904418362 PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report Chinese oil and gas company PetroChina (0857) has completed the first international crude oil trade using the country’s central bank digital currency (CBDC), the e-CNY, China Daily …
The Ukraine conflict remains in an unchanging stalemate, with Russia holding eastern regions and little frontline movement. The situation suggests a prolonged, costly endeavor with unclear objectives. Is it ever going to end? The Ukraine war is a stalemate. Russia …
The United States, in collaboration with its allies, has expressed growing concern about the potential for an escalation of the Israel-Hamas conflict in the Middle East, which could pose a significant threat to U.S. troops. This mounting tension underscores the …
“I’ve spent 35 years living in Washington; I don’t even recognize these people and what they’re doing” “Letting in 7 million people from the poorest countries in the world illegally and immediately putting them all on public benefits” “That right …
One second-order impact of the current affordability crisis? More auto loan fraud — as people need transportation but can't get approved for financing. Just recorded a mega episode on this growing $8.1B issue:https://t.co/GJ17UURkWO — Car Dealership Guy (@GuyDealership) October 4, …
Banks issuing bonds again to raise funds to pay bills today? Writing IOUs intended to fail? At this rate, it looks like every bank will be put at risk to ensure massive systemic risk to maximize the public bailout. Hello …
This proves undeniably that France is willfully and wickedly suppressing our economies. See, they buy our natural resources, gold, oil, natural gas, bauxite, manganese, diamond, you name it, with the CFA franc that they themselves are printing for 14 countries. …
Watch closely. pic.twitter.com/1zjdTjxcUn — Libby Emmons (@libbyemmons) August 24, 2023
The Disney+ streaming service lost 300,000 subscribers in the United States and Canada in the most recent quarter — an ominous sign for the studio as it continues to pour billions of dollars into new streaming content that is flopping …
The longer the Fed keeps raising interest rates while using their balance sheet to bail out banks and the ultra wealthy, the more deeply buried the middle class becomes trying to borrow their way through inflation. Personal interest payments: pic.twitter.com/UdeKfTTszD …
by Dismal-Jellyfish https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2023/august-2023 Highlights: The BoE decided to raise the Bank Rate by 0.25 percentage points to 5.25% with a 6-3 vote. New projections assume the Bank Rate will peak at just over 6% and average just under 5.5% over …
by confoundedinterest17 Commercial real estate (CRE), particularly office space, reminds me of the Arthur Brown tune “Fire!” except that Jerome Powell of The Federal Reserve is the God of Hellfire! While fighting inflation caused by … The Federal Reserve and insane Federal …
The Roosevelt Hotel in NYC has been sacked. 100s of non-citizens are sleeping outside the hotel due to no more rooms being available. This is what a "Sanctuary City" looks like. pic.twitter.com/epIym5vidK — Citizen Free Press (@CitizenFreePres) July 29, 2023 …
A former employee of a large food service corporation is suing the company in federal court after it fired her for refusing to participate in a program that discriminates against white male employees. Courtney Rogers worked for Charlotte, North Carolina-based …
The European Central Bank just raised rates for the 9th consecutive time Inflation in Europe is still 5.5% Rates are now at a 23-year high in Europe: pic.twitter.com/YSpUeBSw1H — Genevieve Roch-Decter, CFA (@GRDecter) July 27, 2023 Business credit conditions in …
by confoundedinterest17 Will this be the last time for a Fed rate hike? Today, The Fed raised their target rate to 5.50%, up 525 basis points from 0.25% on 3/15/2022. That is one big rise in rates over a short …
That minimum wage they wanted… Here is the result. Soon instead of pushing for $1/hr raises, it’ll be $50/hr increments. via NYT: United Airlines and the union representing its pilots said Saturday they reached agreement on a contract that will …
“If the economy is re heating and we are avoiding a recession then inflation will also re heat and they will raise more and we will still end up in a recession. Yes, it is that simple.” If the economy …
via fortune: A.I. has fast become the business buzzword of the moment, with major players like Amazon, Google, and Microsoft investing billions as they race to develop the hottest artificial intelligence technology. For one European company, the A.I. hype helped …