A hub for independent voices and hard truths
NEW DELHI/SINGAPORE, – India’s Reliance Industries, operator of the world’s biggest refining complex, has purchased 5 million barrels of Iranian crude, days after the U.S. temporarily removed sanctions on the oil, three sources familiar with the matter said on Tuesday. …
Benjamin Netanyahu has announced that Israel is preparing to completely end its reliance on U.S. military aid. He says his goal is to make Israel’s arms industry entirely self-sufficient. Netanyahu says Israel never asks the United States to fight its …
BREAKING: ENORMOUS victory as the 70% of rare earths we get from China will PLUMMET to 0% by the end of President Trump’s term – through domestic production and American jobs. This is HUGE! Department of War has created a …
Authored by Mike Shedlock via mishtalk, Political pressure on the budget showdown will mount. ACA Plan Costs Expected to Jump The Wall Street Journal discusses ACA Costs and Subsidies Premiums for ACA plans are expected to increase steeply in most states …
The Defense Department is quietly reshaping its AI strategy. Behind the scenes, officials are testing new systems to reduce reliance on outside vendors like Palantir Technologies. The shift comes despite Palantir’s recent $795 million contract boost for its Maven Smart …
This is quite consequential. China, Japan, South Korea and the countries of ASEAN just issued a joint statement (https://asean.org/joint-statement-of-the-28th-asean3-finance-ministers-and-central-bank-governors-meeting/) in which they take a unified stance against “escalating trade protectionism”, a clear reference to Trump’s tariffs. They write that their …
Fundamental misunderstanding of the technology. Waymo requires human code, mapping, and a very expensive and extensive process to outfit vehicles with self-driving sensors. Tesla has solved self-driving with 8-9 cameras and an onboard computer, costing no more than $2k in …
In this trade war, both the U.S. and China have their advantages, but when it comes to holding out longer, the U.S. seems better equipped to endure. China does hold some significant cards. For one, Chinese households boast high savings, …
BRICS Unveils Symbolic Banknote, Pushes for Local Currency Trade Amid Dollar Debate At the BRICS summit in Kazan, a symbolic banknote featuring the flags of member nations was unveiled, sparking discussions on creating alternatives to the US dollar and fostering …
The BRICS Pay card demo was recently showcased at the BRICS working groups meeting at the World Trade Center in Moscow, marking a significant step towards creating an alternative payment system. The card, pre-loaded with 500 rubles, is already functional …
Disney has no park in India now. BENGALURU, Oct 23 (Reuters) – Disney (DIS.N) is nearing a deal to sell its India operations, which it values at around $10 billion, to Reliance Industries (RELI.NS), its biggest rival in the country, …
by Dismal-Jellyfish Borrowing from the Bank Term Funding Program hit a NEW all time high–the 15th consecutive week above $100 billion! What we are reviewing: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed …
by Dismal-Jellyfish Borrowing from the Bank Term Funding Program hit a NEW all time high–the 13th consecutive week above $100 billion! What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/monetarypolicy/fomcminutes20230726.htm Developments in Financial Markets and Open Market Operations: The manager turned first to a review of developments in financial markets over the intermeeting period. Market participants interpreted data releases as generally demonstrating economic resilience and a further …
by Dismal-Jellyfish Source: https://www.sec.gov/news/statement/gensler-statement-credit-ratings-060723 Today, the Commission is considering adopting a set of final rules to remove references to credit ratings from Rules 101 and 102 of Regulation M (Reg M). I am pleased to support these rules because they …