Acting Navy Secretary Hung Cao fires the Chief of Naval Intelligence and scraps a major reorganization in his first week

Acting Navy Secretary Hung Cao is wasting no time in the Big Chair. Just days after taking over for John Phelan, Cao fired Vice Admiral Karl Thomas, the Director of Naval Intelligence, and immediately killed the massive “Intelligence & Security” (I&S) reorganization that Phelan had spent months building. The move has reportedly left the E-Ring …

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Small Business in the TINA Economy: Competing for the Scraps

Authored by Charles Hugh-Smith via oftwominds, While the top 10% who manage the TINA Economy are fixated on their ballooning stock market wealth, the bottom 90% are melting away. Some day that might actually have consequences. Let’s start with a thought experiment focusing on soaring household expenses. Consider healthcare insurance, which has risen not just in …

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ABC News melts down after Donald Trump scraps Environmental Protection Agency climate rule

via Ed Driscoll HYSTERICAL ABC NEWS: Trump’s Going to Destroy the Planet and Kill You! Today, President Trump repealed the Obama-era Environmental Protection Agency’s endangerment finding, which constituted the basis for a slew of regulations that impacted every aspect of daily life and imposed enormous costs on the American people. ABC World News Tonight went …

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Walgreens scraps paid holidays for hourly workers after private equity takeover

(CNN) — Hourly Walgreens employees will no longer receive paid time off for six major holidays, including Thanksgiving and Christmas, according to reporting from CNN. The change comes about a month after the pharmacy giant was acquired by private equity firm Sycamore Partners. It follows recent workforce reductions — Walgreens announced last month it was …

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California imposes first-in-nation AI control regime; Google scraps $1b data center in Indiana after local pushback

Newsom just signed SB53, forcing AI companies to submit detailed reports to California bureaucrats and creating new penalties for “noncompliance.” The state that can’t fix homelessness or keep the lights on now wants to regulate the entire AI industry. 32 of the world’s top 50 AI firms are California-based, giving Sacramento global control. Meta warned …

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Bundesbank scraps Basel rules for small banks; Leverage ratio replaces buffers leaving SMEs exposed

Germany’s Bundesbank is eyeing a shortcut for small and medium-sized banks. Basel capital rules could be scrapped in favor of a single leverage ratio. No risk-weighting. No buffers. Just raw exposure. https://finanz-szene.de/banking/bundesbank-erwaegt-verzicht-auf-basel-anforderungen-fuer-kleinbanken/ The leverage ratio was never meant to stand alone. It’s a backstop, not a blueprint. “Before a small commercial bank would breach a …

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When even Wall Street’s best settle for scraps, maybe it’s time to check the exit signs.

When traders begin reaching for unfamiliar names, it’s never about opportunity, it’s about scarcity.The market isn’t offering setups. It’s offering noise.And in the absence of edge, speculation becomes desperation.They’re not trading what they know.They’re trading what’s… — 👁 (@Oculustrade) August 5, 2025 Oh no… pic.twitter.com/TYKUYKzX5Q — TT3 (@TradingThomas3) August 4, 2025 so volume on the …

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El Salvador’s ruling party scraps term limits in 57‑3 vote. Debate‑free reforms let Bukele run indefinitely, extend term to six years, and eliminate runoffs.

El Salvador’s legislature approved removal of presidential term limits in a 57‑3 vote, clearing a path for President Nayib Bukele to seek unlimited re‑election. “Democracy in El Salvador has died” — opposition lawmaker Marcela Villatoro https://www.reuters.com/world/americas/el-salvador-scraps-presidential-term-limits-opening-door-another-bukele-term-2025-07-31/ Human Rights Watch Americas director Juanita Goebertus wrote, “It starts with a leader who uses his popularity to concentrate power …

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EU scraps pesticide proposals in another concession to protesting farmers

People power works, especially when accompanied by heavy machinery. The farmers are our foot soldiers; their tractors are our tanks..https://t.co/wl0GtKthXj pic.twitter.com/0FpgOzM08j — Tess Summers 🏴󠁧󠁢󠁥󠁮󠁧󠁿🇮🇪 (@tesssummers98) February 6, 2024 The European Union’s executive arm has shelved an anti-pesticides proposal in yet another concession to farmers after weeks of protests blocked major capitals and economic lifelines …

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Sweden Dumps Climate Agenda, Scraps Green Energy Targets

Actual intelligent people running Sweden. — Tod Policandriotes (@drtod1000) June 24, 2023 Sweden has just dealt a severe blow to the globalist climate agenda by scraping its green energy targets. In a statement announcing the new policy in the Swedish Parliament, Finance Minister Elisabeth Svantesson warned that the Scandinavian nation needs “a stable energy system.” …

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