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  1. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    S Paul loved his fellow Jews, his 'kinsmen' and believed "the gifts and call of God are irrevocable". He believed that at the End, those among them who had rejected Christ would be brought in to the chosen people. He believed that they were like olive branches which had been cut off so that the Gentiles, wild olive branches, could be grafted in. But, when the fulness of the Gentiles had entered Fr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com3
  2. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    Lex orandi lex credendi. I have been examining the Two Covenant Dogma: the fashionable error that God's First Covenant, with the Jews, is still fully and salvifically valid, so that the call to saving faith in Christ Jesus is not made to them. The 'New' Covenant, it is claimed, is now only for Gentiles. I want to draw attention at this point to the witness of the post-Conciliar Magisterium of theFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com13
  3. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    We have seen that the Two Covenant Theory, the idea that Jewry alone is guaranteed Salvation without any need to convert to Christ, is repugnant to Scripture, to the Fathers, even to the post-Conciliar liturgy of the Catholic Church. It is also subversive of the basic grammar of the relationship between the Old and the New Testaments. Throughout  two millennia, in Scripture, in Liturgy, in her Fr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com7
  4. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    The sort of people who would violently reject the points I am making are the sort of people who would not be impressed by the the Council of Florence. So I am going to confine myself to the Magisterium from the time of Pius XII ... since it is increasingly coming to be realised that the continuum of processes which we associate with the Conciliar and post-Conciliar period was already in operationFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com0
  5. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    In 1980, addressing a Jewish gathering in Germany, B John Paul II said (I extract this from a long sentence): " ... dialogue; that is, the meeting between the people of the Old Covenant (never revoked by God, cf Romans 11:29) and that of the New Covenant, is at the same time ..." In 2013, Pope Francis, in the course of his Apostolic Exhortation Evangelii gaudium, also referred to the Old Fr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com10
  6. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    Since the Council, an idea has been spreading that Judaism is not superseded by the New Covenant of Jesus Christ; that Jews still have available to them the Covenant of the old Law, by which they can be saved. It is therefore unnecessary for them to turn to Christ; unnecessary for anybody to convert them to faith in Christ. Indeed, attempting to do so is an act of aggression not dissimilar to theFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com11
  7. Site: Henrymakow.com
    0 sec ago
    gates-coupon.jpeg
    During a trip to Hong Kong, the billionaire duo decided to grab lunch at McDonald's. To Gates' amusement, when Buffett offered to pay, he pulled out a handful of coupons.
     


    Warren Buffett is a billionaire. He gets his meaning from making or saving a dime. Most of the super-rich suffer from spiritual poverty.




    Whether we are poor or rich, money holds us prisoner. The rich feel poor because of GREED. No matter how much they have, their identity ("feeling good, important, secure") was forged by a society dedicated to making and spending more money. 



    Money is supposed to free us from material concerns. Paradoxically it does the opposite. We become its prisoners.





    "Enough is a little more than one has."    Samuel Butler


    Updated from May 4, 2022 and Oct. 6 2023
    by Henry Makow PhD

     
    Few people take a rational approach to money. 

    This would involve calculating how much money they need in relation to how much money they have, and how much money they make.

    Rather, people tend to focus on their last 2%. Did their "net worth" increase or derease on a given day?

    Depending on their tax bracket, this may involve their last $100, $1000, $10,000, $10 million or $10 billion. They ignore their big bank balance or stock portfolio. They always feel poor. 

    Money is supposed to free us from material concerns. Paradoxically it does the opposite. We become its prisoners.

    We are satanically possessed. This means we identify with money rather than our Divine soul. We are money rather than God's personal representative on earth. The more money we have, the bigger and better we feel. These values are inculcated by our satanist-controlled mass media.

    I am addressing the roughly 50% of my readers who, according to my Gab poll, have enough or more money than they need. I don't fault the other 50% who don't have enough or are broke for feeling oppressed.

    henry-david-thoreau-wealth.jpg


    Paradoxically the rich suffer from a spiritual impoverishment.

    The more they identify with their money, the smaller they are. The more money they have, the smaller they are.

    In the case of the Illuminati bankers, this inner poverty is toxic. They are a cancer that threatens to destroy mankind.

    They want to "absorb" (their word) all the world's wealth leaving nothing to support humanity. They want it all!

    We're indoctrinated to seek money. Within limits, money is a great motivator and measure.

    I know someone who doesn't have to work. He works because he has nothing else to do, and it makes him feel productive and rewarded.

    Another friend is independently wealthy from investments. He retired a couple of years ago but is returning to his old profession out of sheer boredom.

    PERSONAL

    I am as satanically possessed as anyone. I have had a lifelong struggle with greed. At age 74, I am just starting to master this demon.

    Recently I did the calculation above and realized that I have more money than I'll ever spend.

    My spending habits were formed during eight years as a graduate student living on roughly $10,000 per year. I really don't need or care about material things.

    Paradoxically, this lack of concern for money did NOT stop me from developing a gambling addiction. When I didn't have much money, I didn't care about it. When I sold Scruples to Hasbro in 1986, I became a money manager and thought my game smarts would extend to the stock market. MISTAKE.

    Scruples had been a labor of love. I did it because It was a workshop on everyday morality.

    After my windfall, I became satanically possessed (i.e. GREED.)  If someone asked how I was, I said, "I'll ask my broker."  

    We have to be on guard constantly because the voice in our head often is the devil!

    Then another voice arises from our soul and says, "Cool it, you greedy moron."


    You gamble with money you'll never spend. More or Less. What is the point? You don't even know your balance.

    We have a Mexican cleaning woman who supports an extended family. I have never met a woman whose smile exudes such warmth.

    Surely, these human qualities represent our true riches.

    Money is the lowest common denominator. People today are consumed by money. They are charmless. 

    YouTube is packed full of "how I got rich" stories.

    While the world descends into Communist tyranny or faces a nuclear catastrophe,  they act like money will save them.

    For people who have enough, freedom lies in eschewing money. Just not caring about it.

    Can you do that?

  8. Site: LifeNews
    2 hours 46 min ago
    Author: Dave Andrusko

    I never tire of reading about the impact of ultrasounds.

    As the New York Post’s Rikki Schlott once wrote, “Today, ultrasounds are more advanced than ever. Gone is the era of the traditional, black and white, grainy 2D images. Now, through 3D, 4D, and HD ultrasounds — which were developed and entered commercial use in the 1990s — women are able to access clear, photo-quality images of fetuses and even video footage of the fetus’ movement. ”

    In particular I glommed on to the work GOP pollster Wes Anderson.  We learn from “How next-gen ultrasounds are changing the abortion debate” that he has “spent the last 16 months conducting more than a dozen intense focus groups with American voters about abortion.

    He says he’s noticed a discernible shift in the conversations about the issue, thanks to improvements in ultrasound technology.”

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    Anderson, who has 28 years of experience as a pollster, says, “The conversation has changed because of the advancement of medical imagery more than anything else.” He told Schlott, “It sounds overly simplified, but it’s not. Ultrasounds are actually the driver.”

    What did the focus groups bring up again and again? “The ultrasounds — and the refinement of ultrasounds and 3D ultrasounds—and they just said, ‘Well, that’s a baby,’” Anderson explained.

    “The science of imaging has moved to a point where your average voter now says, ‘I’m not going to argue over whether that’s a baby. I know it’s a baby. Now, let’s talk about how we balance all this out, and balance that with the rights of the mother.’”

    And it’s the younger women in the focus groups–18-29– who were most intrigued by advancements in ultrasound technology.

    The people who cite ultrasounds as a reason they question the ethics of abortion tend to be young women.

    Danielle Pitzer is content producer for Focus on the Family. She told the Post “When a woman has an unexpected pregnancy, there can be a lot of fear… [but] an ultrasound cuts through the noise, the fear, the ‘what ifs’ and helps a woman see the life inside her.”  She added, “Ultrasounds make the pregnancy real.”

    Needless to say, pro-abortion individuals and organizations fiercely oppose informed consent legislation, which often requires that abortion-minded women be given the opportunity to see their unborn child.

    For example, the pro-abortion American Congress of Obstetricians and Gynecologists calls them (at best) “ill-advised” while the fiercely opposed Guttmacher Institute describes ultrasounds as “a veiled attempt to personify the fetus and dissuade an individual from obtaining abortion.”

    “Personifying the fetus?”

    Does that mean treating unborn children with minimal respect?

    Or giving women a chance to breathe before she goes through with a life-and-decision?

    Or actually accepting the principle of informed consent?

    I guess not.

    LifeNews.com Note: Dave Andrusko is the editor of National Right to Life News and an author and editor of several books on abortion topics. This post originally appeared in at National Right to Life News Today —- an online column on pro-life issues.

    The post Ultrasounds Remind us That Unborn Babies are Human Beings appeared first on LifeNews.com.

  9. Site: AntiWar.com
    3 hours 8 min ago
    Author: Andrew P. Napolitano

    In the last days of East Germany, when government officials detected that their power was unraveling, they ratcheted up enforcement of the nation’s reporting laws. The reporting laws made it a felony to know of a crime and fail to report it. It was also a crime to tell the person of whose crime you … Continue reading "Killing the Constitution"

    The post Killing the Constitution appeared first on Antiwar.com.

  10. Site: Novus Motus Liturgicus
    3 hours 18 min ago
    Our Triduum photopost series continues with the ceremonies of Good Friday. There will be at least one more of these before we move on to the Easter vigil and Easter Sunday, and late submissions are always very welcome, so please feel free to send them in to photopost@newliturgicalmovement.org, remembering to include the name and location of the church. Once again, our thanks to everyone who Gregory DiPippohttp://www.blogger.com/profile/13295638279418781125noreply@blogger.com0
  11. Site: LifeNews
    3 hours 21 min ago
    Author: Steven Ertelt

    Attorney General Todd Rokita is fighting efforts by the federal government to ride roughshod over state laws protecting human life and prohibiting abortions.

    This week, Attorney General Rokita is supporting Idaho as it argues before the Supreme Court to protect its Defense of Life Act from preemption under the federal Emergency Medical Treatment and Labor Act (EMTALA). In February, General Rokita led a 22-state amicus brief backing Idaho’s common-sense stance.

    “Hoosiers know that when federal bureaucrats come after pro-life laws in Idaho or any other state, they will soon be coming after pro-life laws here in Indiana,” Attorney General Rokita said. “Under the Biden administration, the federal government remains determined to advance a pro-abortion culture of death — and it’s perfectly willing to usurp states’ rights in order to do so.”

    Under the U.S. system of federalism, the power to regulate health, safety and medicine rests largely with the states. And in the Dobbs decision, the Supreme Court returned the issue of abortion to the states as well — overturning the 1973 Roe v. Wade decision.

    Please follow LifeNews.com on Gab for the latest pro-life news and info, free from social media censorship.

    Federal attorneys, however, claim EMTALA allows emergency room physicians to ignore state medical regulations whenever they think it necessary to do so — including by performing abortions that are otherwise banned. In reality, however, EMTALA nowhere mentions the topic of abortion — and was never intended to be construed as the federal government now claims.

    “The law is on our side,” Attorney General Rokita said. “Here in Indiana and across the nation, we can continue building a culture of life that respects the precious value not only of unborn children but also their moms and dads. And that’s what we’re going to do.”

    The brief can be found here.

    The post 22 Pro-Life States Defend Their Pro-Life Laws From Joe Biden’s Attack appeared first on LifeNews.com.

  12. Site: LifeNews
    3 hours 56 min ago
    Author: Right to Life UK

    Scotland’s proposed assisted suicide bill could allow assisted suicide for people with anorexia from as young as 16 years olds, an ethics expert has argued.

    Professor David Albert Jones, Director of the Anscombe Bioethics Centre, has argued that the broad definition of terminal illness present in the Assisted Dying for Terminally Ill Adults (Scotland) Bill could allow state-assisted suicide for people suffering from anorexia.

    “It is called the Assisted Dying for Terminally Ill Adults (Scotland) Bill, so that proclaims itself as being restricted to people who are terminally ill, but it defines people that are terminally ill only as people who have a progressive incurable disease, which is at an advanced stage. It doesn’t mean that you’re dying”, Professor Jones told the Daily Mail.

    “Terminal in the Scottish Bill is defined as someone having a progressive incurable disease from which you could die. It could cover anorexia. There have been cases of people with anorexia having [assisted suicide] dying in Oregon in the US”.

    Please follow LifeNews.com on Gab for the latest pro-life news and info, free from social media censorship.

    He also drew attention to the fact that the legislation applies to children from the age of 16 and that there is no requirement for a psychiatric assessment ahead of an assisted suicide.

    Chief Executive of eating disorder charity Beat, Andrew Radford, said “Eating disorders are treatable mental illnesses – not terminal conditions”.

    Professor Jones has previously suggested that the broad definition of terminal illness in the proposed assisted suicide legislation in Scotland “would include conditions such as type 1 diabetes”.

    In December 2021, a 33-year-old Dutch woman had her life legally ended through euthanasia because she was suffering from anorexia.

    Support for assisted suicide on the decline

    In an article published in the Journal of Medical Ethics Forum, Professor Jones found that in polling commissioned by the pro-assisted suicide lobby group Dignity in Dying, strong support for “assisted dying” in Scotland decreased from 55% in 2019, to 45% in 2023, and 40% in 2024.

    Similarly, a YouGov bimonthly tracker asked this same question 31 times from August 2019 to April 2024: “Do you think the law should or should not be changed to allow someone to assist in the suicide of someone suffering from a painful, incurable but NOT terminal illness?”. Over this time period, support for a change in the law decreased from 56% to 41%.

    Professor Jones explains that overall support for assisted suicide in YouGov polling is significantly lower than overall support in Dignity in Dying polling “in part because of the reference to ‘assisted suicide’ rather than ‘assisted dying’”.

    “There is evidence that many people are confused about what is included in ‘assisted dying’. A survey conducted in 2021 found that most people thought that this meant either ‘giving people who are dying the right to stop life-prolonging treatment’ (42%) or ‘providing hospice-type care to people who are dying’ (10%)”.

    Spokesperson for Right To Life UK, Catherine Robinson, said “While prominent supporters of assisted suicide in the UK such as Esther Rantzen have said it should not be available for people suffering from psychiatric conditions, the experience in other countries and the vagueness of the legislation in Scotland is a clear indication of what could happen if the practice is made legal in the UK”.

    “If assisted suicide is made legal on the basis that it is needed to alleviate suffering, it remains unclear why it should be denied to people who are experiencing mental suffering as opposed to physical suffering alone. In such cases, as in all cases of people experiencing suicidality, comfort, support and love are needed to alleviate the suffering as far as possible, not the offer of death”.

    LifeNews Note: Republished with permission from Right to Life UK.

    The post Scotland Could Allow Doctors to Kill Children With Anorexia in Assisted Suicides appeared first on LifeNews.com.

  13. Site: LifeNews
    4 hours 26 min ago
    Author: Steven Ertelt

    The Arizona state House has bowed to the pro-abortion mob by approving a measure to repeal the state’s new abortion ban before it ever reached implementation to begin saving babies.

    With the ban repealed, babies would lose almost all protection in the state. A 15-week abortion ban would go into place that only allows protecting babies up to that point – meaning 90% of more abortions would become legal.

    The pro-life group Center for Arizona Policy lameted the vote in comments to LifeNews.

    “Today’s House vote to repeal the pre-Roe law opens the door to great loss of life for unborn children and harm to women. With the Senate already on record to vote on the repeal, the most protective pro-life law in the country is poised to fall to the appetites of pro-abortion activists,” it said.

    “The law to limit abortion to cases where the woman’s life is in danger was in effect in January of 1973 when Roe v Wadewas wrongly decided and should be in effect today. It was reaffirmed by a bipartisan legislature and the governor in 1977,” it added. “I applaud those lawmakers who stood boldly for the unborn and their mothers and made the effort today to force Arizona Attorney General to defend the state’s 15-week law if the pre-Roe law was repealed.”

    Democrats prevailed on the vote to repeal the law because three Republicans joined them, including Matt Gress, Tim Dunn, and Justin Wilmeth.

    A leading national pro-life group was also disappointed.

    “We mourn for the loss of the children who would have been protected, and the mothers who would have received life-affirming help to address their holistic needs, under Arizona’s strongest pro-life law. After months of confusion, the people of Arizona will soon have clarity on the state’s abortion laws: a 15-week protection for the unborn who can feel excruciating pain, with exceptions for life of the mother, rape, and incest,” said SBA Pro-Life America President Marjorie Dannenfelser.

    “Between now and November, the far Left and pro-abortion forces will spend tens of millions of dollars to muddy the waters, fearmonger, and sow confusion to advance an extreme abortion agenda. Their goal is to repeal Arizona’s 15-week abortion law and replace it with a constitutional amendment that would allow unlimited painful late-term abortions in the fifth, sixth, seventh month of pregnancy and beyond,” she added. “Kari Lake and all GOP candidates and elected officials must bring clarity to Arizona voters by campaigning vigorously in support of Arizona’s 15-week protection with exceptions and in opposition to the extreme no-limits abortion amendment.”

    Alliance Defending Freedom Senior Counsel Jake Warner said the abortion ban should stand.

    “Life is a human right, and the Arizona Legislature has again reaffirmed that fundamental right. Life begins at conception. At just six weeks, unborn babies’ hearts begin to beat. At eight weeks, they have fingers and toes. And at 10 weeks, their unique fingerprints begin to form. Arizona’s pro-life law has protected unborn children for more than 100 years, and the people of Arizona, through their elected representatives, have repeatedly affirmed that law,” he said.

    The Arizona Supreme Court ruled recently to uphold the state’s pro-life law as written by overturning a lower court decision that misinterpreted the law.

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    “We conclude that [Arizona’s law] does not create a right to, or otherwise provide independent statutory authority for, an abortion that repeals or restricts [the law], but rather is predicated entirely on the existence of a federal constitutional right to an abortion since disclaimed by Dobbs v. Jackson Women’s Health Organization,” the court wrote in its opinion in Planned Parenthood Arizona v. Mayes. “Absent the federal constitutional abortion right, and because [the law] does not independently authorize abortion, there is no provision in federal or state law prohibiting [the law’s] operation. Accordingly, [Arizona’s law] is now enforceable.”

    After the Arizona Supreme Court upheld the state’s abortion ban, one of the big attacks against it is that the 1864 law supposedly doesn’t represent the will of the people and is antiquated. Trump referred to that in his post.

    But that contention is not true.

    First, the judges on the Arizona Supreme Court represent the people. The seven justices on the state’s highest court are initially appointed by the governor to serve. They then stand for a retention vote for regular terms of six years and that is a ballot vote cast by Arizona voters. As a result, the justices represent the people via electing the governor and electing them directly.

    Secondly, the law was affirmed twice after it was initially approved in 1864. As CatholicVote notes in an article:

    The over century-and-a-half-old law is set to replace the state’s existing pro-life law which only protects most unborn children after 15 weeks gestation.

    Republican then Gov. Doug Ducey signed the significantly weaker legislation into law in March 2022. Less than three months later, the U.S. Supreme Court decided Dobbs v. Jackson Women’s Health Organization overturning Roe v. Wade.

    The Arizona Supreme Court held that the 2022 law “is predicated entirely on the existence of a federal constitutional right to an abortion since disclaimed” by the Dobbs decision.

    Axios reported that “[a] provision of the 2022 law had affirmed it wasn’t repealing the 19th-century law.”

    FOX News noted that the 1864 law “was codified in 1913 after Arizona became a state” and “includes an exception in cases where the mother’s life is at risk.”

    Planned Parenthood was challenging the potential reinstatement of the state’s near-total abortion ban from 1864, which has exceptions for life-threatening emergencies, but had been blocked by 1973 Roe v. Wade decision. The Dobbs ruling should allow it to go into effect but the nation’s biggest abortion business challenged it.

    Alliance Defending Freedom attorneys represented Dr. Eric Hazelrigg, an obstetrician and medical director of Choices Pregnancy Center in Arizona, who filed a petition last March asking the state’s high court to review an Arizona Court of Appeals ruling.

    The appellate court’s ruling misinterpreted state law, against its plain meaning, to allow abortion in circumstances where the Arizona Legislature prohibited it. It also enjoined officials from fully enforcing the state’s pro-life law to protect unborn children. The Arizona Supreme Court reversed this ruling, allowing the law to be enforced as written.

    “Life is a human right, and today’s decision allows the state to respect that right and fully protect life again—just as the legislature intended,” said ADF Senior Counsel Jake Warner, who argued before the court. “Life begins at conception. At just six weeks, unborn babies’ hearts begin to beat. At eight weeks, they have fingers and toes. And at 10 weeks, their unique fingerprints begin to form. Arizona’s pro-life law has protected unborn children for over 100 years, and the people of Arizona, through their elected representatives, have repeatedly affirmed that law, including as recently as 2022. We celebrate the Arizona Supreme Court’s decision that allows the state’s pro-life law to again protect the lives of countless, innocent unborn children.”

    In September 2022, the Arizona Superior Court in Pima County appointed Dr. Hazelrigg as the substitute guardian ad litem to legally represent the best interests of unborn children in Arizona, a role Arizona courts have recognized for over 50 years.

    The post Arizona House Votes to Repeal Abortion Ban, Three Republicans Join Democrats to Allow Killing Babies appeared first on LifeNews.com.

  14. Site: Euthanasia Prevention Coalition
    4 hours 36 min ago

    Normal 0 false false false EN-CA X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-fareast-language:EN-US;} This letter was sent to elected representatives in the British Parliament and shared.

    Ann Farmer
    Dear ... 

    As your constituent I am writing to draw your attention to the above debate, in the hope that you will be able to attend and speak against attempts to legalise assisted suicide/euthanasia, now going under the euphemism 'assisted dying'.

    Given the appalling outcomes reported from those jurisdictions that have gone down this route, most notoriously Canada, where 'strict safeguards' have been swiftly dismantled to allow death for disability and also poverty, https://alexschadenberg.blogspot.com/2024/04/a-call-to-defeat-new-hampshire-assisted.html it is vital that we do not follow them down this slippery slope.

    Significantly, advocates of 'assisted dying' neglect to mention that this issue has been thoroughly debated and decisively rejected by Parliament in the past few years, on the very valid ground that there is no safe way of killing.

    I trust you will attend, or alternatively make the case for 'assisted living' for all, rather than the money-saving expedient of euthanomics.

    With all best wishes,

    Ann Farmer
    Woodford Green
    Essex

  15. Site: The Orthosphere
    4 hours 41 min ago
    Author: JMSmith

    “Those who preach faith, or in other words a pure mind, have always produced more popular virtue than those who preached good works, or the mere regulation of outward acts.”

    Sir James Macintosh, Diary (July 17, 1808)*

    Although his opinion was perhaps colored by a Scotsman’s protestant pride, the famous liberal Sir James Macintosh is almost certainly correct in saying that the doctrine of salvation by faith yields, at least in its first bloom, an exceptionally virtuous society.  Calvinism is particularly conducive to popular virtue .  It certainly puts a damper on carousing in alehouses, hooting at bawdy shows, betting on cock fights, or cavorting like Peter Pan around a maypole; but it at the same time significantly curtailed a man’s chances of being cuckolded, murdered, or robbed.

    Every traveler I have ever read agrees with this favorable view of Calvinist society, although some have been of the opinion that Calvinism and sobriety both depend on some third cause.

    “The Calvinistic people of Scotland, of Switzerland, of Holland, and of New England have been more moral than the same classes of other nations.”*

    Macintosh suggests that this is because men and women governed by the doctrine of good works always end up haggling to secure salvation on the most advantageous terms.  In ends in Talmudism; it ends in casuistry.  It ends in legalistic dickering over how much credit one receives for each good work, and how much penalty one pays for each act that is not good but sin,

    “The later mode of considering Ethics naturally gives rise to casuistry . . . .”*

    I have read some casuistry, but always with feelings of mild disgust.  It seems an answer to the question, “how much can a get away with?”   It seems like a definition of technical virginity, or  Bill Clinton’s conception of truth.

    “The tendency of casuistry is to discover ingenious pretexts for eluding that rigorous morality and burdensome superstition, which in the first ardor of religion are apt to be established, and to discover rules of conduct more practicable by ordinary men in the common state of the world.”*

    It has been said that hypocrisy is the only alternative to casuistry, since men who cannot excuse thier base conduct will naturally conceal it.  Possession of a “pure mind” is no doubt superior to invention of ingenious pretexts to sail very close to the wind, but rascals have always found it  easy, and have often found it convenient, to dress up and talk like the most zealous puritans.**

    Setting such pharisaical puritan impostors aside, it does seem that the doctrine of faith yields more and better fruit than the doctrine of good works.  The reason is that the doctrine of faith incites a desire to be good, whereas the doctrine of works incites a desire to be good enough.  And from good enough the doctrine of works too easily descends to as good as can be expected.

    “The casuist first let down morality from enthusiasm to reason; then lower it to the level of general frailty, until it be at last sunk in loose accommodation to weakness, and even vice.”*

    *) Robert James Mackintosh, ed., Memoirs of the Life of Sir James Mackintosh, second ed., two vols. (London: E. Maxon, 1836), vol. 1, p. 411.
    **) H. Hensley, Henson Puritanism in England (London: Hodder and Stoughton, 1912), pp. 65-69.

  16. Site: LifeNews
    4 hours 43 min ago
    Author: Dave Andrusko

    While pro-abortion Vice President Kamala Harris does most of the heavy lifting, President Joe Biden will also parrot the pro-abortion talking points as he did yesterday in Tampa, Florida. The administration reportedly believes that the abortion issue will put Florida’s 30 electoral votes in play. Florida, Biden tells us, is “ground zero for Trump’s MAGA blueprint.”

    And while “reproductive healthcare” was the euphemism of choice, Biden actually said the word “abortion” twice.

    Here are a few representative comments from yesterday campaign event at Hillsborough Community College.

    For 50 years, the court ruled that there was a fundamental constitutional right to privacy, but two years ago that was taken away.

    Let’s be real clear.  There’s one person responsible for this nightmare, and he’s acknowledged and he brags about it: Donald Trump. ….

    He says it’s up to the states and this is all about states’ rights.  But he’s wrong.  The Supreme Court was wrong.

    Mr. Trump should be proud of what he accomplished. Roe v. Wade’s expiration date had long since come.  After nearly 50 years, no one is more responsible for returning the abortion issue to the 50 states than Donald Trump.

    As Justice Alito wrote two years ago in Dobbs v. Jackson Women’s Health Organization

    It is time to heed the Constitution and return the issue of abortion to the people’s elected representatives.

    The President continued

    SUPPORT LIFENEWS! To help us fight Joe Biden’s abortion agenda, please help LifeNews.com with a donation!

    Not only that, I believe voters are going to hold Trump accountable and his MAGA extremist friends to prevent all women in America from getting safe and effective medication, like mifepristone.  Approved by the FDA 20 years ago, they’re trying to outlaw that now.  (Applause.)

    Of course, mifepristone is not “safe and effective.” As the Alliance Defending Freedom explains

    The FDA’s job is to keep people safe, but the agency betrayed women and girls by ending these safety standards and encouraging at-home abortions without ongoing care from a doctor. What’s more, the FDA took these reckless actions while acknowledging that roughly one in 25 women who take these drugs will end up in the emergency room.

    But the President was absolutely correct in one declaration:

    Talk to your family and friends.  Organize your community.  Register voters.  Get them out to vote the old-fashioned way.  Pick them up on Election Day.  Call.  “Do you need a ride to the polls?”  (Applause.)

    This election promises to be every bit as close as 2016 and 2020. Four more years of Joe Biden means he can consolidate and expand his anti-life agenda.

    We can’t let that happen.

    LifeNews.com Note: Dave Andrusko is the editor of National Right to Life News and an author and editor of several books on abortion topics. This post originally appeared in at National Right to Life News Today —- an online column on pro-life issues.

    The post Joe Biden: Not Being Able to Kill Babies in Abortions is a “Nightmare” appeared first on LifeNews.com.

  17. Site: PeakProsperity
    4 hours 47 min ago
    Author: Chris Martenson
    Either Biden's poll numbers really suck, or Team Biden has entirely lost the plot line connecting them to reality. Whatever the cause, if adopted the new proposals out of the White House will crater investment, stoke fear in Biden's political enemies and destroy prosperity.
  18. Site: LifeNews
    5 hours 4 min ago
    Author: Bill Donohue

    The following letter by Bill Donohue is in response to the Inspector General’s report on the FBI probe of Catholics:

    April 24, 2024

    Hon. Jim Jordan

    Chairman

    House Committee on the Judiciary

    2056 Rayburn House Office Building

    Washington, D.C. 20515-3504

    Dear Chairman Jordan:

    After issuing a news release on April 19, the day after news stories broke on the FBI’s internal probe of Analysts involved in the investigation of Catholics, I had a chance to read Inspector General Michael Horowitz’s report on this issue. While he satisfied some of our concerns, serious issues remain.

    Please follow LifeNews.com on Gab for the latest pro-life news and info, free from social media censorship.

    Horowitz begins by noting that the Richmond Field Office examined “a purported link between Racially or Ethnically Motivated Violent Extremists (RMVEs) and ‘Radical Traditionalist Catholic (RTC)’ ideology.” He then cites the conclusion reached by the FBI Inspection Division.

    While there was no evidence of malice, it was determined that the probe of Catholics “lacked sufficient evidence” to establish a relationship between the aforementioned extremists and RTC ideology. The report also concluded that the FBI Analysts “incorrectly conflated the subjects’ religious views with their RMVE activities….”

    This begs the question: Why did the Analysts think there was a relationship in the first place? It is one thing to concede that there are racial and ethnic extremists in every religious and secular organization; it is quite another to assume a nexus between a mainstream religious organization and violence, especially when the grounds for making such an assumption are spurious.

    It is as revealing as it is disturbing to note that the probe of Catholics was based on one person, namely, Defendant A. That he is clearly a violent, bigoted thug—he hates everyone from Jews to cops—is uncontested. But where are the others? There isn’t even a Defendant B.

    More disturbing is the admission that Defendant A does not attend a Catholic church. The report admits that he attended a church “with an international religious society that advocates traditional Catholic theology and liturgy but it is not considered by the Vatican to be in full communion with the Catholic Church (my italics).”

    Later in the report we learn that “there was no evidence that Defendant A was being radicalized” at the church he attended, and that “he had been on the radar ‘as an unstable, dangerous individual’ before ‘any association with any Catholic related entity whatsoever.’” That being the case, why was it necessary to investigate his fellow churchgoers? Since when does the FBI conduct an investigation of a world religion on the basis of one miscreant whom they admit was not radicalized by it?

    To make matters worse, the report says that when those who attended church with Defendant A were questioned about him, they confessed that he “displayed ‘unusual’ and ‘concerning’ behavior.” In fact, the report does not note a single person who attended church with him who found him persuasive—they knew he was odd. Thus does this admission undercut the rationale for a further probe of Catholics.

    We know from previous disclosures that “mainline Catholic parishes” were targeted by the FBI. Yet we now know that the Analysts couldn’t even identify radicals within this breakaway Catholic entity, never mind rank-and-file Catholic men and women.

    The judgment of both Analysts was more than flawed—it was totally irresponsible. Even more mind-boggling is what the FBI HQ Analyst had to say.

    Analyst 1 voiced the opinion that the probe had a “national application.” Analyst 2 admitted that she was “going to take a look at other RMVE actors that are rad-trads” (radical traditionalists). To top things off, the FBI HQ Analyst said she was “really interested in this resurgence of interest in the [C]atholic [C]hurch from our [DVEs]. The latter refers to Domestic Violence Extremists.

    What occasioned this “resurgence of interest” in the Catholic Church? Was it something that someone did? Or does this reflect the ideological predilections of the Analyst? Notice she wasn’t referring to a “resurgence of interest” in breakaway Catholic entities. She was referring to the Roman Catholic Church.

    There are many issues left outstanding. Moreover, if we are to believe that what happened was nothing of a serious nature, why was it necessary for the FBI to delete files? That suggests a cover up.

    Thank you for your continued interest in this matter. When the Catholic Church is subjected to scrutiny by the FBI because of the beliefs and behavior of one maladjusted individual—who does not attend a Catholic church—it cries out for a much more detailed response than what the Horowitz report affords.

    Sincerely,

    William A. Donohue, Ph.D.

    President

    The post FBI Still Must be Held Accountable for Targeting Pro-Life Catholics appeared first on LifeNews.com.

  19. Site: Henrymakow.com
    5 hours 15 min ago
    skynews-columbia-palestine-protest_6530045-2335368192.jpeg
    "Our Jewish overlords have created a Frankenstein's monster that has turned on them and they don't know how to control it, other than by doing what they do best, which is to murder and kill."



    by Mike Stone
    (henrymakow.com)

    The best laid plans of mice and men often go awry.

    You've heard the expression, "What if they gave a war and nobody came?" Well, what if they gave a war and people came to the other side?

    We're seeing that right now all across the country. White women, blacks, and homosexuals, along with illegal aliens imported into this country by Jews and Freemasons to undermine white men, have turned on their masters. They're protesting the ongoing holocaust in Palestine in direct opposition to their handlers. The front line in this war is forming at college campuses all across the country.

    In response, organized Jewry and their Freemason flunkies have sent in squads of police officers in full riot gear to arrest anyone and everyone who protests the mass murder of Palestinian children. In their infinite stupidity, they apparently don't know that when you beat, arrest, and otherwise harass peaceful protesters, it makes more people want to join the protest. 

    Hawley.png
    We even have RINOs in Washington like Senator Josh Hawley calling for the National Guard. 

    For what? To slaughter students for protesting a genocide they can see with their own eyes? (In case you haven't heard, the latest in Israel's ongoing murder of the innocents is the discovery of a mass grave at Nasser Hospital in Gaza, where naked children were found executed with their hands tied behind their backs.)

    But you see, the protesters have committed the crime of drawing attention to the war crimes taking place in Palestine.

    It Will Be Kent State All Over Again

    That Republican Senators are actually calling for the National Guard is a sign of just how traitorous they are. It's as if they are deliberately setting us up for another Kent State shooting incident. Or maybe that's the plan - an updated Strategy of Tension, like what happened in Italy during the 1970s, where an oppressive government police state actually encouraged (and likely participated in) underground bombings that targeted innocent people. It was done to keep the populace in a constant state of fear and tension, thus making them malleable for manipulation by their masters.

    kent.png
    These campus protests which began in New York are spreading fast. They're now taking place on campuses all across the country. Caught in the middle are Jews who don't support Israel or the actions of the Israeli government and military.

    It should be noted that the protests have been entirely peaceful - so far. All the protesters really have done is to camp out in tents in areas specifically set aside for them to protest in. 

    Contrast their behavior with that of the George Floyd rioters of 2020, when violent mobs were allowed to riot, loot, assault citizens, and burn down buildings, and no effort was made to stop or arrest them. In fact, the police subjugated themselves by kneeling in front of the rioters and pledging their servitude.

    The George Floyd rioters weren't arrested, because their actions served their masters. This time is different. Our Jewish overlords have created a Frankenstein's monster that has turned on them and they don't know how to control it, other than by doing what they do best, which is to murder and kill.

    We're also seeing signs of infiltration occurring among the protesters, with Death to America flyers circulating at the University of Michigan. Gee, I wonder who's spreading those? https://www.themidwesterner.news/2024/04/death-to-america-fliers-circulate-at-university-of-michigan-gaza-camp/?utm_source=substack&utm_medium=email

    It wouldn't surprise me if we soon saw provocateurs imbedded among the protesters causing violence in order to elicit a violent response. It's happened before. It will happen again. If the National Guard actually is called in, it's almost certain to happen.

    It's also worth noting that this is an election year. The George Floyd riots were orchestrated, in part, to destabilize Donald Trump's presidency. Could these current student protests be part of a plan to destabilize the fake "Joe Biden" presidency?

    We've actually had violent and supposedly organic protests take place in the last three election years: 2016, 2020, and 2024.

    These student protests are not going away anytime soon. They are gaining in popularity and are going to dominate the news cycle for some time. In opposition, we're seeing wide swaths of people in this country and all over the world who are actually cheering the mass murder of children and the killing of babies. 

    I don't know if there has ever been a time comparable to this one, where we are seeing people for who and what they really are. There's nowhere to hide anymore. You're either with God or you're with the devil and his legions. You either support children being stripped naked, having their hands tied behind their back, and executed (and most likely sodomized), or you don't. There's no middle ground. And whatever side a person is on has become abundantly clear to everyone around them. The masks are off.
    ------

    Mike Stone is the author of the new book 101 Reasons Why You Might Have a Low IQ https://shorturl.at/otL13 and Teen Boy's Success Book: the Ultimate Self-Help Book for Boys; Everything You Need to Know to Become a Manhttps://amzn.to/3o0BQdO 
  20. Site: Mundabor's blog
    5 hours 56 min ago
    Author: Mundabor
    I have already expressed myself critically about “Catholic answers”, reflecting that the answers tend to be at times very little Catholic according to who gives them. However, it seems to me that Catholic Answers has now really reached the height of un-Catholic superficiality, as it has created a fictional AI priest to provide its public […]
  21. Site: LifeNews
    6 hours 8 min ago
    Author: Steven Ertelt

    Idaho officials fought at the Supreme Court today to protect babies from abortion, uphold its pro-life state law and to stop Joe Biden from turning Idaho emergency rooms into abortion centers.

    As LifeNews.com reported previously, the Supreme Court ruled in January that Joe Biden can’t force Idaho to turn its emergency rooms into abortion centers. The nation’s highest court ruled that Joe Biden can’t exploit a federal law to try to weaken Idaho’s abortion ban by allowing emergency room doctors to do abortions.

    But that decision was a temporary victory and Idaho oficials are fighting in court to win the entire case, Idaho v United States. This is the first case to be heard by the Supreme Court directly relating to the Dobbs decision which overturned Roe v. Wade.

    Last year, the Justice Department filed suit Aug. 2 against the state of Idaho, hoping to undermine its new law prohibiting most abortions by claiming that the state law conflicts with EMTALA and medical treatment for pregnant women in emergency rooms. The Emergency Medical Treatment and Active Labor Act (EMTALA) was enacted in 1986 and contains a duty to both a pregnant woman and her unborn child. The act never mentions abortion.

    Please follow LifeNews.com on Gab for the latest pro-life news and info, free from social media censorship.

    The Justice Department filed a lawsuit that challenges Idaho’s protective law — arguing that it would prevent supposedly medically necessary abortions. Despite false reports that abortion bans would prevent doctors from treating pregnant women for miscarriages or ectopic pregnancies, pro-life doctors confirm that is not the case. Some 35 states have laws making it clear that miscarriage is not abortion and every state with an abortion ban allows treatment for both.

    Today, Idaho attorneys told the high court that the federal government can’t force Idaho to allow abortions outside the scope of its law, even if Idaho accepts federal dollars for medicare.

    Justice Samuel Alito agreed on that point and pointed out that EMTALA specifically mentions unborn children.

    “How can you impose restrictions on what Idaho can criminalize, simply because hospitals in Idaho have chosen to participate in Medicare?” he asked U.S. Solicitor General Elizabeth Prelogar.

    During the hearing, Justices Brett Kavanaugh and Amy Coney Barrett asked tough questions about both sides and their votes could prove crucial in the outcome.

    One pro-life group told LifeNews that the outcome of the case is important because it could mandate abortion on demand throughout all fifty states in hospital emergency rooms.

    “The Biden Administration is attempting to twist the compassionate EMTALA law to push their radical agenda of unlimited abortion,” said Carol Tobias, president of National Right to Life.

    She said that Biden’s attempt to force hospital emergency rooms to perform abortions under the Emergency Medical Treatment and Active Labor Act (EMTALA) is contrary to that federal law which was only meant to protect emergency room patients from being dumped and does not mandate that the hospital provide medical care that is contrary to state law.

    “Apparently, Joe Biden and his administration have determined that emergency rooms are no longer capable of providing care for both mother and child,” said Tobias. “The Biden Administration’s solution is to turn hospital emergency rooms into abortion facilities.”

    Texas Alliance for Life’s Communications Director Amy O’Donnell agreed. Het state is also fighting Biden.

    “EMTALA, which recognizes two patients in cases of pregnancy, the mother and the unborn child, requires hospitals to provide medically necessary care to stabilize both patients in emergency situations, which could include abortions in those rare and tragic cases when a pregnancy endangers a woman’s life. All states’ laws allow abortions in those circumstances, including the laws of Idaho and Texas,” she said.

    “The pro-abortion Biden/Harris Administration’s misinterpretation of EMTALA threatens to transform hospitals into abortion facilities. The Administration asserts that any pregnancy could necessitate abortion at a single physician’s discretion, another attempt to trample on state abortion laws intended to protect unborn babies from elective abortions,” she added. “The Fifth Circuit Court of Appeals recently upheld Texas’ law that protects unborn babies from abortion, with exceptions for medically necessary abortions, from a similar challenge. That Court found that Texas law allows all life-saving abortions required by EMTALA. We believe the Supreme Court should uphold Idaho’s law in the same way.”

    Signed by pro-life President Reagan in 1986, EMTALA requires hospitals to treat patients with emergency medical conditions regardless of their ability to pay. The Biden/Harris administration directive threatens to turn hospitals into abortion facilities by claiming that any pregnancy could require abortion if so deemed by a physician. Their so-called guidance goes beyond EMTALA by mandating abortion, where the act does not mandate medical treatments.

    The Biden Administration directive also falsely suggests that Idaho and other state pro-life laws fail to protect women facing life-threatening emergencies during pregnancy. This is untrue. All state’s pro-life laws provide an abortion exception for those rare but tragic circumstances in which a pregnancy poses a threat to a mother’s life or poses a risk of substantial impairment of a major bodily function.

    The Ninth Circuit of Appeals held that “the two laws would not conflict” and that EMTALA does not mandate abortions punishable under Idaho’s law.

    According to the latest data from Texas Health & Human Services (through November 2023), reported elective abortions have dropped to zero. However, doctors have performed 75 abortions under the medical necessity exception (for the life or health of the pregnant woman), all in hospitals since the Supreme Court overturned Roe v. Wade in Dobbs. No doctor has faced prosecution by a district attorney or sanctions from the Texas Medical Board.

    The post Idaho Fights at Supreme Court to Protect Babies From Abortions appeared first on LifeNews.com.

  22. Site: AsiaNews.it
    6 hours 32 min ago
    The Calcutta High Court ordered new appointments within 15 days, directing concerned school staff to return paid salaries with interest. The State administration led by Chief Minister Mamata Banerjee has appealed to the Supreme Court. Some state officials have been arrested on corruption charges, while assets worth millions of rupees have been confiscated.
  23. Site: Zero Hedge
    6 hours 38 min ago
    Author: Tyler Durden
    Market Is Splendidly Indifferent To Rising Inflation Risks

    Authored by Simon White, Bloomberg macro strategist,

    There continues to be scant evidence of inflation hedging in markets despite clear signs price-growth risks are rising.

    Inflation remains in focus this week as we get the first quarter’s update for US PCE on Friday. Regardless of one data point, the trend is clearly that inflation has stopped falling, with multiple leading indicators suggesting a recurrence.

    It’s not just in the US though. Globally, inflation is resurfacing. Through last year, the Citi Inflation Surprise indices were falling almost everywhere. Year-to-date in 2024, they are now rising in two-thirds of the countries the indices cover.

    But that is not being priced in markets. Ven Ram points out that two-year Treasuries would struggle to sell-off on even a sticky core PCE print later this week, and that’s probably true in the nearer term. But even two-year yields are not yet pricing in the likelihood of a proper inflation shock that would require several more hikes from the Federal Reserve. That’s not a base case at the moment, but its probability is still underpriced.

    Yields have been rising, and so have gold and silver, but there is a distinct lack of the inflation urgency seen in 2021 and early 2022, when CPI was hitting decade highs and the Federal Reserve had not yet responded with interest rate hikes.

    As one sign of the relative complacency, take two ETFs that are designed to hedge inflation, INFL and IVOL.

    These saw marked inflows in 2021, but the flows have been muted since the Fed started raising rates in 2022 and have remained so.

    There have also been no marked pick-up in flows to ETFs of inflation-linked bonds, such as the TIP ETF.

    Similarly shorting interest in Treasuries continues to be minimal. JPMorgan’s Client Treasury Survey is registering a near series-low of outright shorts, while short interest in the TLT long-term UST ETF is low and has barely risen.

    There are no inflation alarms ringing. But that could prove to be misguided as inflation shows clear signs of resurfacing.

    This is even more so as the structural backdrop, with increasingly coordinated fiscal and monetary policy, is conducive to a secular rise in price growth.

    Tyler Durden Wed, 04/24/2024 - 13:25
  24. Site: Zero Hedge
    6 hours 41 min ago
    Author: Tyler Durden
    Subpar Record 5Y Auction Tails, Pushes Yields To Session Highs

    One day after the US sold a record amount of 2 Year paper in a very strong auction, the Treasury has followed that up with a record amount of 5 year paper, this time in a less than impressive sale.

    The $70BN in 5Y paper was up $3BN from $67BN last month and was the highest amount on record offered for the tenor. But don't worry there will be plenty more record auctions in the future: after all, the US has now crossed into the Minsky Moment and it is now issuing debt just to pay the interest on its existing debt.

    The auction priced at a thigh yield of 4.659%, up sharply from 4.235% last month and the highest since October's cycle high of 4.899%. Unlike yesterday's 2Y auction which stopped through, today's sale modestly tailed the When Issued 4.655% by 0.4bps.

    The Bid to Cover was also weaker than last month, dropping from 2.41 to 2.39, and just below the 2.411 six-auction average.

    The internals were also subpar, with Indirects sliding to 65.7% from 70.5% last month, if almost on top of the recent average of 65.4%. And with Directs taking down 19.2%, above the 17.9% recent average, Dealers we left holding 15.0%, just below the recent average of 16.7%.

    Overall, this was a mediocre and forgettable auction, and one which accelerated the move higher in bond yields which are now at 4.654%, just shy of session highs.

    Tyler Durden Wed, 04/24/2024 - 13:21
  25. Site: Rorate Caeli
    6 hours 49 min ago
    Suppose a new edition of a famous novel was published with great fanfare, including press conferences, new releases, and all the other public manifestations of an important event. We can use a classic like Charles Dickens’ David Copperfield as an example.  The talking heads in the media would speak about the meticulous scholarship that this new edition reflected and the joy of making this New Catholichttp://www.blogger.com/profile/04118576661605931910noreply@blogger.com
  26. Site: Zero Hedge
    6 hours 52 min ago
    Author: Tyler Durden
    Romney & The Wrong Question: Senator's Statement On Trump's Guilt Captures The Problem With The Manhattan Trial

    Authored by Jonathan Turley,

    Yesterday, Sen. Mitt Romney (R-UT) had a much covered interaction with CNN’s Manu Raju who asked him about Trump’s criminal trial and whether he was guilty of the underlying criminal conduct. Romney responded “I think everybody has made their own assessment of President Trump’s character, and so far as I know you don’t pay someone $130,000 not to have sex with you.” I have previously defended Romney in his votes on impeachment despite our disagreement on the constitutional standard. I also understand that he was making a more general comment on character.

    However, his response is precisely what Manhattan District Attorney Alvin Bragg is seeking from the jury: a verdict on Trump as a person rather than the underlying criminal allegations.

    Trump is currently facing 34 counts of falsifying business records in the first degree regarding payments made to Daniels during the 2016 presidential election. As I discuss today in the New York Post, many of us (including liberal legal experts) still question whether there is any crime alleged by Bragg. Raju reasonably asked Romney for his own view.

    Romney is an interesting person to ask. He is not only a critic of the President from within his own party but he is a former businessman who has had to deal with complex reporting and business obligations.

    Romney’s response must be encouraging for Bragg.

    Rather than address the ambiguous criminal allegation, Romney suggested that Trump was guilty as charged in having a tryst with a former porn star.

    The defense is not contesting the payment and the fact of the affair is not central to the allegations.

    The question is whether the payments were unlawfully denoted as legal expenses with the intent to somehow steal the 2016 election.

    Asked Mitt Romney about the hush money allegations against Trump.

    “I think everybody has made their own assessment of President Trump's character, and so far as I know you don't pay someone $130,000 not to have sex with you." pic.twitter.com/ofBL15MJw1

    — Manu Raju (@mkraju) April 23, 2024

    It is not a crime to use a NDA or other means to quash an embarrassing story.

    Bill Clinton had a host of lawyers quashing allegations of affairs and sexual assaults throughout his presidency. He ran into trouble when he committed perjury in the effort to hide what Hillary Clinton called one of his “bimbo eruptions.”

    Moreover, denoting this as a legal expense, on the advice of counsel, is not necessarily wrong. It is not clear how it should have been to be denoted. A “nuisance payment”? The campaign of Hillary Clinton and its general counsel Marc Elias hid the funding of the Steele dossier as a legal expense and was fined by the government for doing so. They litigated the question and insisted that that is precisely what it was.

    Romney is precisely what Bragg is looking for in these jurors. Smart and savvy, he still viewed the question of the trial as whether Trump had an affair with Stormy Daniels.  If so, it was not a legal expense. Yet, quashing the story and avoiding any litigation was a legal matter with the eventual crafting of the NDA.

    There are a lot of motivations for NDAs of this kind. Trump was married. He was the host of a hit television show (with a clause on termination for scandalous conduct). And, yes, he was also seeking to be president. He wanted these stories killed and friends like David Pecker were helping in that effort. What those facts say about the former president’s “character” will remain a matter of public debate and, as Romney said, most long ago reached their own conclusions. Yet, it is the crime not the character of Trump that is at issue in Manhattan.

    Alvin Bragg would like the trial to remain a verdict on character, which is why he started the trial discussing not the Daniels matter but an uncharged affair and settlement with a former Playboy bunny. It is why he fought hard (and succeeded) in being able to question Trump about past cases involving an alleged assault and fraudulent conduct. As legal experts continue this week to debate if there is even a crime alleged in the indictment, Bragg is making a case that Trump’s lack of character is beyond a reasonable doubt.

    To be fair, Romney was not giving a full interview on the case in his statement to CNN and may well have some reservations about the Bragg indictment. However, Bragg is likely hoping that “everybody has made their own assessment of President Trump,” including twelve jurors currently sitting in the Manhattan courtroom.

    Tyler Durden Wed, 04/24/2024 - 13:11
  27. Site: Zero Hedge
    6 hours 58 min ago
    Author: Tyler Durden
    Cocoa Drops Most Since April 2009, Some Losses Recovered In Muti-Day Volatility Rollercoaster

    Cocoa futures in London on Tuesday plunged the most since April 2009, tumbling as much as 8.1%, while prices slid as much as 7.7% in New York. Prices recovered some losses on Wednesday morning. It appears the downdraft was caused by fast-money traders taking profits after a record high of $12,250 per ton was recorded in New York on Friday. 

    Cocoa prices faded record highs as "opportunistic fast traders" exit positions to take profits after bearish signals flashed in recent sessions, Tristan Fletcher, chief executive officer at ChAI, a platform that uses AI to analyze commodity markets, told Bloomberg. 

    Last week's catalyst for record-high prices came after data about grindings—where cocoa transforms into butter and powder used in candy—showed that demand destruction has not materialized despite soaring prices. 

    Here's the cocoa grindings data from last week that served as fuel for bulls (via Barchart): 

    Cocoa also has support on signs that global cocoa demand remains resilient despite record-high prices. Last Thursday, the National Confectioners Association reported that North American Q1 cocoa grindings rose +9.3% q/q and +3.7 % y/y to 113,683 MT. Also, last Thursday, the Cocoa Association of Asia reported that Q1 Asia cocoa grindings rose +5.1% q/q, although they fell -0.2% y/y to 221,530 MT. In addition, the European Cocoa Association reported that Q1 European cocoa grindings rose +4.7% q/q, although they fell -2.2% y/y to 367,287 MT.

    Paul Joules, an analyst at Rabobank, wrote in a note that grindings figures are "an indication that for now demand is holding up despite current pricing," adding that "demand destruction will come, but clearly it's taking longer to filter into grind data than the market was anticipating."

    Famed commodity trader Pierre Andurand told Bloomberg via an emailed interview, "We will finish the year with the lowest stocks-to-grinding ratio ever, and potentially run out of inventories late in the year." He added that cocoa prices "could break $20,000 later this year" based on the thesis of worsening drought and disease ravaging the world's largest cocoa farms in West Africa.

    Paul Torres, a London-based trading and agricultural consultant, said, "I do not foresee prices falling significantly," adding that prices could range between $8,000 to $10,000. 

    Torres noted: "There could be just some easing of the frenetic moves we've seen."

    Meanwhile, analysts from JPMorgan recently told clients that cocoa prices in New York could come down to around $6,000 a ton in the medium term, while Citi analysts said a bear market could begin in early 2025.

    There is some good news for cocoa supply: Bloomberg quoted Marijn Moesbergen, sourcing lead at Cargill, at the World Cocoa Conference in Brussels on Wednesday as saying cocoa production is expected to bounce back next year as the El Nino effect won't be in play. 

    "The current prices are maybe a bit overshooting. The question indeed is what will be the new equilibrium between this supply issues versus what will be the demand impact going forward," adding, "That question will be answered in the coming period." 

    The combination of a worsening global supply deficit plus bullish grindings data might only suggest prices have to head higher. 

    Tyler Durden Wed, 04/24/2024 - 13:05
  28. Site: LifeNews
    7 hours 3 min ago
    Author: S.A. McCarthy

    Police officers forcing women to take pregnancy tests during traffic stops, pregnant mothers being chained to hospital beds while tests are performed to verify rape — such are the dystopian images offered by California’s pro-abortion governor in a new spate of ads aired across the country. Starting Sunday, Governor Gavin Newsom (D-Calif.) and his pro-abortion PAC Campaign for Democracy debuted a 30-second TV spot entitled “Fugitive” in Alabama. The video depicts a young woman trying to cross state lines to seek an abortion who is pulled over by a police officer armed with a pregnancy test. A narrator intones, “Trump Republicans want to criminalize young Alabama women who travel for reproductive care.”

    The ad refers to legislation recently introduced into the Alabama House of Representatives which would criminalize aiding minors in seeking abortions without parental consent. Sponsored by Rep. Mark Gidley (R), H.B. 370 states, “This bill would provide that it is a Class A misdemeanor for any person, with the intent to conceal an abortion from a minor’s parents or guardian, to harbor or transport a minor girl and obtain, or aid and abet her in obtaining, an abortion or abortion-inducing drug.” Although Newsom’s ad expressly portrays the young woman seeking an abortion as the target of the Alabama bill, the legislation itself stipulates that it “would not authorize criminal penalties or civil liability against a minor girl.”

    Newsom took aim at similar legislation in Tennessee earlier this year, with an ad entitled “Hostage,” depicting a crying young woman handcuffed to a hospital gurney awaiting the results of a “sexual assault evidence collection kit.” Like Alabama’s bill, Tennessee’s H.B. 1895, sponsored by Rep. Jason Zachary (R), would outlaw attempts to seek out, harbor, or transport underage girls for the purposes of committing an out-of-state abortion. While Alabama’s bill would classify such efforts as a Class A misdemeanor (punishable by up to one year in jail and fines of up to $6,000), Tennessee’s bill would make them a Class C felony (punishable by 3 to 15 years in prison and fines of up to $10,000). The narrator of Newsom’s ad says, “Don’t let [Trump Republicans] hold Tennessee women hostage.”

    Follow LifeNews on the MeWe social media network for the latest pro-life news free from Facebook’s censorship!

    Both ads direct viewers to “take action” by visiting Campaign for Democracy’s “Right to Travel” website to sign petitions opposing the targeted legislation. Noting that transporting minors out of state to seek abortions may soon be criminalized in both Alabama and Tennessee, as well as Oklahoma, the website says, “These are states that basically want to imprison women and young girls. It’s a backdoor nationwide abortion ban, denying women the opportunity to go to a freedom state.”

    Newsom’s out-of-state pro-abortion advertising is not a novelty. After the U.S. Supreme Court dismantled Roe v. Wade in 2022, the Golden State governor funneled his reelection campaign money into billboards in states like Texas and Mississippi where pro-life laws had been enacted. The billboards often depicted women in handcuffs accompanied by slogans like, “Texas doesn’t own your body. You do.” The billboards also directed people to visit an official California state government website promoting abortion and providing those in other states with instructions on how to seek abortions in California. Later that year, Newsom continued to spend reelection campaign money on TV ads supporting an effort to enshrine abortion as a constitutional right in California and make the state an “abortion sanctuary.”

    Also on Sunday, Newsom announced plans to introduce “emergency legislation” to invite Arizona abortionists to California to continue committing abortions, in the wake of an Arizona State Supreme Court ruling upholding a pro-life law and banning abortion in almost all circumstances. President Joe Biden also launched a series of pro-abortion ads in Arizona, endorsing a ballot initiative which would enumerate a “right” to abortion in the state’s constitution.

    Democrats across the nation have made abortion the central pillar of their 2024 campaigns. The Biden-Harris campaign reportedly “plans to spend every day until Nov. 5” focusing on abortion, including stunts such as Vice President Kamala Harris’s nationwide “abortion tour” and Biden’s scheduled visit to Florida to promote a pro-abortion ballot initiative. The Democratic Congressional Campaign Committee is targeting at least seven states, all of which will feature abortion-related ballot initiatives in November, for pro-abortion messaging, hoping to score a potential 18 congressional seats on the strength of abortion alone. Meanwhile, Republicans have largely abandoned the issue of abortion, either following former President Donald Trump’s lead and declaring it a “states’ issue” or else outright adopting pro-abortion rhetoric.

    LifeNews Note: S.A. McCarthy serves as a news writer at The Washington Stand.

    The post Gavin Newsom Lies, Abortion Bans Don’t Allow Police to Pull Over Pregnant Women appeared first on LifeNews.com.

  29. Site: AsiaNews.it
    7 hours 9 min ago
    Lower consumer demand forces small restaurants as well as ambitious bakery brands to throw in the towel. Business closures jump 232 per cent over a year as post zero-COVID reopening saw rising prices and income crunch for many households.
  30. Site: Zero Hedge
    7 hours 18 min ago
    Author: Tyler Durden
    Cities' "Doom Loops" Are Even Worse Than You Imagined

    Authored by Charles Hugh Smith via OfTwoMinds blog,

    This is why those who understand these dynamics are getting out, even though the city was their home.

    A correspondent who prefers to remain anonymous sent me this account of the "doom loop" that is playing out in many American cities. The correspondent makes the case that the Doom Loop is not limited to specific cities, but is a universal dynamic in all US cities due to the core causes of the Doom Loop: financialization and the multi-decade decay of cities' core industrial-economic purpose / mission.

    I have edited the text slightly, with the correspondent's approval.

    The context of the Doom Loop is the process and politics of this decay are the second-order results of central bank easy money (free fiat). That led to financialization becoming the city's core function and the subsequent loss of the city's previous mission. The people living in cities just haven't gotten the message yet.

    As such, there is no reversing the process until the centralization of capital itself is reversed.

    The typical media articles on metropolitan "doom loops" make it seem like not every city is headed down the path. Now that financialization does not require a physical presence, every city above a certain size will share the same experience. There will be local variations which impact the trend, such as a potential utility as a large pool of voters (i.e. a vote farm), but the decline is part and parcel of financial 'virtualization.'

    It is inevitable.

    Even hosting one of the twelve central reserve banks won't save you.

    The process when a city loses its purpose but persists due to inertia follows this basic pattern:

    1. Corporate consolidation costs the city its financial base as Fortune 100 corporations are sold to conglomerates closer to the centers of finance.

    This is one more second-order effect of easy money: global corporations can easily finance the acquisition of multi-billion dollar companies.

    2. In the past, cities received huge government subsidies for re-development, but none for ongoing maintenance. All the redevelopment projects looked great at first, but with little funding for maintenance, they've gone downhill and many are now dangerous.

    Today, the only redevelopment is done by the billionaire class who make most of their money from (surprise) finance. Once the billionaire loses interest, it's gone, too.

    I would rather find myself in a developing-world city than an American downtown, at least there would be people around. Many American downtowns are literally apocalyptic.

    3. Major league sports are increasingly an exercise in force protection. It's like going inside a forward firebase in Iraq. People still get shot in the stands from guns fired outside the bubble. Unsurprisingly, some major league teams are exploring space outside the cities despite their stadiums being only 20 years old.

    4. When federal agencies build new facilities, they're essentially fortresses with direct entrance/egress from the highway. They add little to nothing to the surrounding economy.

    5. Real estate, sales and personal property taxes in cities are typically the highest within the state. As tax revenues decline, cities' political leaders increase business taxes and start floating ideas such as taxing non-profit organizations: a financial death spiral indeed. Should taxes increase, organizations and companies have said they will leave.

    6. In the industrial economy, the core purposes of cities were derived from advantageous locations and key transportation assets (first water, then rail, then roads, and later aviation). In the information age, those benefits are diminished or gone. As a result of their transportation advantages, cities became manufacturing and warehousing hubs. Those too are diminished or gone.

    7. Cities have lost their core economic purpose and are choking on their high legacy costs. The proposed substitute purposes--entertainment and bourgeois lifestyles--are not true substitutes. Fine dining and secure condos with delivery do not replace actual economic functions.

    8. Making matters worse, the upper-middle class doesn't want affordable housing in their enclaves, as it lowers property values. So the workers needed to keep the city functioning can no longer afford to live there. Yes In My Backyard (YIMBY) movements to promote affordable housing are not enough.

    9. Much of the politics the media focuses on are a consequence of decline, not a cause, and the net result of all the in-fighting is some version of stasis: all sorts of solutions are proposed, but since none address the core sources of decline or the cities' high legacy costs, they boil down to rearranging deck chairs on the Titanic.

    This is why those who understand these dynamics are getting out, even though the city was their home.

    Of related interest:The Real Estate Nightmare Unfolding in Downtown St. Louis: The office district is empty, with boarded up towers, copper thieves and failing retail--even the Panera outlet shut down. The city is desperately trying to reverse the 'doom loop.'

    *  *  *

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    Subscribe to my Substack for free

    Tyler Durden Wed, 04/24/2024 - 12:45
  31. Site: LifeNews
    7 hours 28 min ago
    Author: Alliance Defending Freedom

    An Indiana high school student and her pro-life student group are appealing a court decision against them in a lawsuit they filed after school officials derecognized the group because the student sought permission to post flyers that administrators found objectionable. Alliance Defending Freedom attorneys representing the student and the group in E.D. v. Noblesville School District entered their appearance in the U.S. Court of Appeals for the 7th Circuit on Wednesday.

    In August 2021, the freshman student met with the principal of Noblesville High School to form a chapter of Students for Life of America. After the student completed all required steps, the school officially recognized the group. However, officials later told her she could not post flyers that included pro-life messages. Shortly after that, the principal derecognized the group.

    “Students don’t lose their First Amendment right to free speech when they walk into a school building,” said ADF Legal Counsel Mathew Hoffmann. “This isn’t just about a flyer; this is about a school telling a high-schooler that she can’t publicly express messages that are important to her. School officials punished the student because she sought to use flyers that expressed pro-life messages. While other student groups at the school are allowed to express messages that are important to them, this club was specifically punished because of the messages on the flyers.”

    Follow LifeNews on the MeWe social media network for the latest pro-life news free from Facebook’s censorship!

    At the beginning of the 2021-2022 school year, the student met with Dr. Craig McCaffrey, the principal of Noblesville High School, to discuss forming Noblesville Students for Life, which she hoped would “educate [her] peers on the issue of abortion and empower [her] peers in a local community with pregnancy-related items.”

    After the student filled out the questionnaire the principal gave her, the school approved the group. A few weeks later, the student sought permission to post flyers that used a Students for Life of America template that included photographs of students holding signs in front of the U.S. Supreme Court reading, “I Reject Abortion,” “Defund Planned Parenthood,” and “I Am the Pro-Life Generation.” School staff insisted that she post the flyers without the pictures, telling her at one point that the flyer could not be “political.” The same day the student met with those administrators, the principal derecognized the group.

    “We are eager to protect the rights of students whose views may differ from some preferred viewpoint,” said Zac Kester, CEO and managing attorney of Charitable Allies.

    “The district court’s decision discourages parents and weakens First Amendment protections by insisting that a temporary loss of rights is nothing to worry about,” added Kristan Hawkins, president of Students for Life of America.

    The post High School Dumps Pro-Life Student Group for Distributing Pro-Life Fliers appeared first on LifeNews.com.

  32. Site: Zero Hedge
    7 hours 38 min ago
    Author: Tyler Durden
    Apple Slashes Vision Pro Shipment Projections By 50% As Demand For $3,500 Headset Craters

    In what will come as a surprise to exactly nobody, the revolutionary if ridiculously overpriced Vision Pro virtual reality headset, which retails for $3,500, is not selling.

    While it was hardly necessary - at least for anyone with a functioning frontal lobe -  an analysis published this morning by the widely-read TF International Securities analyst Ming-Chi Kuo (best known for gathering intelligence from his contacts in Apple's Asian supply chain), who back in January correctly reported that Apple has lowered its 2024 iPhone shipments to a 15% decline, reported that Apple has cut its full year Vision Pro shipments to 400–450k units by as much as 50% versus the market consensus of 700–800k units or more.

    Kuo also notes that Apple cut orders before launching Vision Pro in non-US markets, which means that "demand in the US market has fallen sharply beyond expectations, making Apple take a conservative view of demand in non-US markets."

    Of course, it's not like anyone - except of course for AAPL's multimillionare management team - had expected that $3,500 heavy neck braces would sell like hot cakes - so it's not exactly a surprise to anyone, excpet Apple which is now "reevaluating its headset roadmap, potentially delaying the launch of a more affordable mixed-reality headset beyond 2025."

    Below we excerpt from the full note.

    1. Apple has cut its 2024 Vision Pro shipments to 400–450k units (vs. market consensus of 700–800k units or more).
    2. Apple cut orders before launching Vision Pro in non-US markets, which means that demand in the US market has fallen sharply beyond expectations, making Apple take a conservative view of demand in non-US markets.
    3. Apple is reviewing and adjusting its head-mounted display (HMD) product roadmap, so there may be no new Vision Pro model in 2025 (the previous expectation was that there would be a new model in 2H25/4Q25). Apple now expects Vision Pro shipments to decline YoY in 2025.

    The weak-than-expected Vision Pro demand means that the following new trends are likely to be below market expectations.

    1. MR headset devices. The challenge for Vision Pro is to address the lack of key applications, price, and headset comfort without sacrificing the see-through user experience. In contrast, VR is also a niche market, but at least there are proven successful applications (games), and trend visibility is better than MR.
    2. Pancake. As the upgrade of optical specifications for smartphones has slowed down for several years, investors expect Pancake, which has a significantly higher unit price than lenses, to become a new growth driver for the optical sector. Weaker-than-expected shipments of Vision Pro will lower Pancake’s contribution to the optical industry in the foreseeable future than investors’ expectations.
    3. Micro OLED. Vision Pro/MR headset is the most critical application of Micro OLED. With key applications not growing as expected, the timeframe of mass production and adoption of Micro OLEDs in other small-sized consumer electronics devices will be delayed.

    Judging by the meltup in AAPL stock - as the rest of the tech sector is grinding lower - it seems that the catastrophic launch of the Vision Pro isn't news to anyone.

    Tyler Durden Wed, 04/24/2024 - 12:25
  33. Site: Zero Hedge
    7 hours 58 min ago
    Author: Tyler Durden
    Yields Will Trigger "Serious Earthquakes" Across The Economy, Former Floor Trader Says

    Submitted by QTR's Fringe Finance

    Jack Boroudjian is a legendary former floor trader and now Chairman of SmartXData. Aside from over 30 years of industry experience, Jack is a published author "Secrets of the Trading", Wiley 2007 and has countless articles published in industry periodicals and websites. Jack appears regularly as a paid, guest contributor for CNBC, both domestic and Asia, and has done over 5000 global guest Television appearances. Jack graduated with honors and distinctions from Loyola University of Chicago and is happily married with two adult children.

    Jack and I discussed monetary policy, fiscal policy, the move in gold, politics and why the bond market may take the spending keys away from the Biden administration for more than an hour last weekend.

    "People have been conditioned to buy dips, and quite frankly, it was almost forced upon us," Jack explains. He points to several factors that shaped this behavior: "The Fed keeping money very loose, the lack of alternative investment avenues, and no real competition for capital—all of these elements contributed to creating a market condition that was, if you think about it, almost obscene."

    Boroudjian draws on his experiences from the trading floors to illustrate his point: "It almost feels like what we used to call on the floor of the exchange, the big sucking noise. You'd hear people getting sucked into positions, all chasing the same strategy, and then, suddenly, the market would correct."

    He reflects on the impact of such corrections: "I've seen the market correct by 20%, 30% numerous times in my life. But consider this: a 30% correction now equates to 1,500 S&P points. That's more than most people have ever witnessed in their lifetimes."

    "Because there are still way too many people convinced that this little 5% pullback is a blip—it's nothing more than a hiccup. I've had at least half a dozen people tell me it's an election year; there's no way they'll let the market break. But the reality is this: if anybody really wants to know what's going on, I would suggest reading Nassim Taleb's book, 'Black Swan.' It talks about it.”

    Jack continues: “Nassim was a trader at First Boston—many don't know his story, but I used to handle him on the floor. He was an options trader in the pit and he went broke. This is one of the most brilliant minds on Wall Street, and he went broke as a floor trader. He got off the floor and ended up making billions of dollars. What took him down was a black swan, something that came out of nowhere that he did not expect, and that's exactly what we could see happening now. Could it be something that we've already seen the beginnings of?"

    Talking about gold, Jack said: "So fundamentally, something has shifted in the last few months in the gold market. If you've noticed, central bank buying has never been this strong before. All of a sudden, you're starting to see Russia pay for things with gold. People are now paying for Russian oil with gold.”

    “Gold is becoming the currency that Bitcoin was hoping to be one day. And it's really starting to turn into something more tangible than fiat currency. It gives you a reflection of how people are starting to feel about paper money. They're starting to realize that maybe there's a problem there. So when central banks start to buy gold, that tells you there is more than just a technical breakout. There's a fundamental shift happening, whether they believe that there is a debasement that is going to occur and continue to occur. And if that's the case, then you will see them stockpile gold, or they see it as a safe haven and see huge problems down the road. And I hope that's not the case,” he continued.

    Jack explained that watching the 10 year is going to be the way to gauge the health of the economy.

    "This is what I keep telling people: watch the 10-year yield. Keep an eye on the 10-year and the 30, but more importantly, the 10, because that's the part of the curve that the Fed really cannot manipulate. They can do the short end of the curve, but they can't do the long end.”

    He continued: “Why do I say that? We used to call them the bond vigilantes in the old days. They were the people that would come in and you'd start to see them hitting that bond market, especially on the long end, because of what you just described. When the bond market starts to understand that the biggest expenditure on the balance sheet now is going to be servicing the debt, bigger than defense, bigger than anything else, you'll start to see bonds get hit, especially on the long end. That's one of the reasons we've started to see the 10-year doing what it's been doing.”

    “I think we see a five, maybe even five and a half percent 10-year before we're done here,” Jack said. “And if that's the case, that is going to trigger some serious earthquakes within real estate and other sectors of the economy. So to me, we're on the precipice. You can feel it. But how long will we be here? I don't know. It feels like something can break at any time. But then again, you know what? We could be two years early. And if that's the case, it could stay ridiculously overbought for two years."

    "The 10-year bond is the most liquid. It's the one that everybody—the Chinese, the Saudis—is holding. That's the fixed income note of choice for the entire world."

    "The one thing that I know about the Treasury market is that less than 5% of the people in finance understand the Treasury market, which is scary when you think about it. And that's the truth, Chris. Think about that. Less than 5%. That's the going rate. And everyone knows stocks. And as you were talking about it, people that have been in the market for the last 10 years have seen the stock market go nothing but up and seen a bond market that's gone nothing but down. But the reality is that this bond market is poised to do something historical in my mind."

    You can listen to my full interview with Jack at this link and for more on how treasury auctions work, you can read this piece: Treasury Auctions Explained For People With Short Attention Spans

    QTR’s Disclaimer: I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have not been fact checked and are the opinions of their authors and are either published with the author’s permission or under a Creative Commons license. This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. These positions can change immediately as soon as I publish this, with or without notice. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. Also, I just straight up get shit wrong a lot. I mention it twice because it’s that important.

    Tyler Durden Wed, 04/24/2024 - 12:05
  34. Site: AsiaNews.it
    8 hours 7 min ago
    While the country is getting ready to welcome Pope Francis in September, amendments have been proposed to assert the country's Christian identity. For the Catholic Bishops' Conference, this is a 'dangerous' step that 'obscures and even erases our unique Melanesian identity [. . .] rather than acknowledge, celebrate and perfect it through the Gospel'. ...
  35. Site: LifeNews
    8 hours 17 min ago
    Author: Steven Ertelt

    Every single state in America with an abortion ban in place allows abortions in emergency circumstances if necessary to save the life of the mother. There is no pro-life state in America that forces pregnant women to put their lives at risk.

    But during an abortion debate at the Supreme Court today, Justice Sonia Sotomayor lied about this.

    She falsely claimed some states prohibit abortions to save the mother’s life.

    During an exchange with Idaho attorney Joshua Turner, who is defending the state’s pro-life law in court from an attack by the Biden administration – which wants to overturn the law to allow all abortions in Idaho – Sotomayor made the false statement.

    “What you’re saying is that no state in the nation — and there are some right now that don’t even have that as an exception to their anti-abortion laws — what you’re saying is there is no federal law on the books that prohibits any state from saying even if a woman will die you cannot perform an abortion,” she said.

    Turner had to correct the liberal justice.

    “I know of no state that doesn’t include a life-saving exception,” he explained.

    Turner is correct.

    Please follow LifeNews on Rumble for the latest pro-life videos.

    According to the Charlote Lozier Institute, every pro-life state in America allows abortions in the very rare instance where it might possibly be necessary to protect a woman’s life.

    Twenty-five states have one or more strong gestational limits on abortion that are either in effect or are enjoined while in litigation. Each of these states permits abortion in those rare and heartbreaking circumstances when it is necessary to save the life of a pregnant woman.

    Physicians can make this determination based on their “reasonable medical judgment,” a standard very common in the medical profession and used for any case involving medical malpractice litigation.

    Meanwhile, abortion advocates are spreading the dangerous lie that life-saving care is not or may not be permitted in these states, leading to provider confusion and poor outcomes for women.

    The post Justice Sonia Sotomayor Falsely Claims Abortion Bans Don’t Have Life of the Mother Exceptions appeared first on LifeNews.com.

  36. Site: Zero Hedge
    8 hours 18 min ago
    Author: Tyler Durden
    Tennessee Republicans Pass Law Allowing Teachers To Be Armed - Democrats Cry "Fascism"

    Tennessee House Republicans on Tuesday passed legislation to allow some trained teachers and school staff to carry firearms despite aggressive opposition from Democrats and gun control advocates calling for the bill to be defeated.  The bill is all but guaranteed to become law within weeks, as Gov. Bill Lee can either sign it or allow it to become law without his signature. Lee has never vetoed a bill.

    The law requires criminal and mental health background checks of prospective teachers along with training courses and approval from school administrators.  Democrats railed against the bill, suggesting that training courses are not enough and that it was "unfair" to burden teachers with the job of defending their classrooms from potential assailants.  This argument is strange because teachers are already burdened with the job of protecting students from harm (not to mention their own lives), they just haven't had the means to do that job until now. 

    Democrats also stated that armed teachers would "lead to tragedy," with expectations that merely having a gun in or near a school would inevitably cause a shooting with the teacher at fault.  Of course, if a teacher wanted to come to school armed to commit a crime, there's nothing stopping them anyway (except perhaps another armed teacher).

    Angry protesters screamed "blood on your hands" when the bill was passed by the House as they attempted to disrupt proceedings.  Protesters were eventually cleared from the building by police.  Representative Justin Jones, a Democrat and activist politician who has been the subject of multiple expulsions from the House, tried to film the event with his cell phone while chanting along with protester and was removed.  Democrats accused Tennessee Republicans of "fascism."

    Tennessee Republicans just cut off debate and passed a bill to arm teachers in our schools.

    The public chanted “Blood on your hands!” as the Speaker ordered troopers to clear the gallery.

    This is what fascism looks like. pic.twitter.com/9mg67oWMxM

    — Rep. Justin Jones (@brotherjones_) April 23, 2024

    And here we find the disconnect that anti-gun advocates don't grasp:  They seem to believe that the mere presence of a gun will automatically trigger violence, as if it has magical powers to attract and inspire evil.  In reality, the problem is evil people, not "evil" objects.  There's nothing stopping a bad person from acquiring and using a firearm for terrible purposes at any place of their choosing.  Gun free zones only prevent good people from carrying.

    Furthermore, why is it that Democrats rabidly defend pornography and sexualized propaganda in schools, but they're aghast at the notion of teachers being trained to defend children from violent attackers?  One might start to think that Democrats want school shootings to continue, but why would that be...?

    Keep in mind that the passage of the bill comes one year after the mass shooting at the Christian Covenant School in Nashville.  The shooting was perpetrated by Audrey Hale, a far-left trans activists who was allegedly motivated to make a political statement.  Her manifesto which was confiscated by the FBI still has yet to be released.  Suspicions abound that this is only being done because Hale was part of the LGBT community. 

    Not surprisingly, leftist activists and Democrats alike defended Audrey Hale as "just another victim" of the shooting while some even argued that the murders were justified because of Tennessee's attempts to stop transgender surgeries for minors.  

    When common sense is labeled "fascism" the likelihood of reconciliation between leftists and conservatives grows dim.  Is it only "democracy" when leftists get their way?  Are Democrats really outraged by the idea of teachers being able to effectively save the lives of students or act as a deterrent so that potential mass shooters never consider going through with an attack?  Or, are they outraged because they secretly fear that the strategy of armed teachers will work? 

    Democrats ignore mass shootings in minority neighborhoods all the time because these murders don't serve their purposes.  What they want, what they need, are shootings where the tragedy can be turned into political capital.  Their true intent is to achieve gun confiscation, and if there are no more school shootings because teachers are armed, then they'll no longer have the leverage they desire.     

    Tyler Durden Wed, 04/24/2024 - 11:45
  37. Site: LifeNews
    8 hours 34 min ago
    Author: McKenna Snow

    In a recent op-ed, CatholicVote Director of Accountability Tommy Valentine detailed the reasons behind the organization’s decision to send a letter to the Department of Justice calling for a fair application of the Freedom to Access Clinic Entrances Act against pro-lifers and pro-abortion activists.

    On April 22, The Hill published Valentine’s op-ed titled: “Biden’s Justice Department hounds elderly concentration camp survivor, ignores serial church arsonist.”

    The op-ed comes after CatholicVote sent a letter to Attorney General Merrick Garland on April 9 calling for action in defense of Catholic churches and pro-life centers that have been vandalized and attacked in recent years.

    In his op-ed Valentine opened with harrowing details about the early life of pro-life activist Eva Edl, who is a survivor of the post-World War II Gakova communist death camp.

    “After years of living in hell, facing death daily, Eva’s family finally escaped to the U.S. They believed that America was free, and that their rights would be protected by a government with their best interests at heart,” Valentine wrote:

    Today, the government they trusted is fighting to throw 87-year-old Eva into prison for her pro-life advocacy.

    Sadly, Eva’s plight perfectly exemplifies how dangerous the weaponization of the U.S. government has become, and how far the left will go to punish anyone who interferes with their radical agenda.

    Please follow LifeNews on Rumble for the latest pro-life videos.

    Edl was recently convicted alongside three other pro-life activists for praying and singing hymns in front of the doors of a Tennessee abortion clinic in 2021. They were convicted under the FACE Act, which, Valentine wrote, “prohibits the use of force, threat of force or physical obstruction to prevent women from obtaining or providing ‘reproductive health care services.’”

    “For this, they face up to six months in prison, five years of “supervised release’ and fines up to $10,000,” Valentine continued, noting that the maximum sentence under FACE Act violations is 11 years in prison and fines of $250k.

    “Meanwhile, pro-abortion rights extremists firebomb, vandalize and terrorize pro-life centers and Catholic Churches with impunity,” Valentine wrote:

    The FBI and Department of Justice have prosecuted nonviolent pro-life offenders with the FACE Act, while turning a blind eye to the violent, ongoing and terrifying attacks on other institutions protected by the FACE Act: churches and pregnancy help centers.

    Valentine then highlighted the actions of Elliot Bennett, who, earlier in April, set a Catholic Church on fire in New Jersey–the third act of violence against a church Bennett has committed since 2018.

    “Yet the same Justice Department that is fighting to throw Eva in jail failed to prosecute (Bennett) for these multiple and obvious FACE Act violations,” Valentine wrote, noting that the Department has not federally prosecuted any of the 414 vandalisms and attacks against Catholic churches in the United States since May of 2020. The Department also has not substantially addressed the 90 attacks against crisis pregnancy centers that have occurred since May 2022 throughout the States.

    The violent pro-abortion protests do not resemble Edl’s prosecuted actions, which were praying and singing in front of the doors of an abortion clinic. These pro-abortion attacks and protests, Valentine wrote, “involved fire-bombings and arson, vandalism of pregnancy clinics and churches, spray painted threats on clinic and church walls, decapitated statues, smashed glass, disrupted masses, blocking of church entrances and even physical attacks on priests and parishioners.”

    The inconsistency and double standard in prosecuting under the FACE Act are the central reasons for CatholicVote’s letter to Garland.

    “Our letter demanded that the department do its job and defend pro-life Americans from violence,” Valentine wrote. “We have little reason to believe our letter will elicit tangible change. Our past experiences calling on the Justice Department and FBI to fairly enforce the law have been met with stonewalling, empty answers and no meaningful action.”

    He concluded, “At the very least, however, we hope that our letter serves as a warning to Americans and to Republicans in Congress who have the opportunity to take a stand against the Biden administration’s weaponized agencies.”

    LifeNews Note: McKenna Snow writes for CatholicVote, where this column originally appeared.

    The post Catholic Group Slams Biden for Targeting Pro-Life Americans, Ignoring Pro-Abortion Crimes appeared first on LifeNews.com.

  38. Site: Zero Hedge
    8 hours 38 min ago
    Author: Tyler Durden
    Hong Kong Bitcoin And Ether ETFs Officially Approved To Start Trading On April 30

    Authored by Zoltan Vardai via CoinTelegraph.com,

    The first wave of spot Bitcoin and Ether exchange-traded funds (ETFs) have been officially approved to start trading in Hong Kong on April 30.

    Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), announced the official approval of the first batch of spot Bitcoin and Ether ETFs on April 24, according to a press release shared with Cointelegraph.

    The first batch of approved Hong Kong-based ETFs also include China Asset Management’s (ChinaAMC) Bitcoin and Ether-based ETFs, which will start trading on April 30.

    The ETFs will offer retail and institutional investors a safer and more convenient way to invest in the underlying digital assets under a regulated framework, according to Thomas Zhu, head of digital assets and head of family office business at ChinaAMC. He wrote in the official announcement:

    “The in-kind feature also attracts coin holders by offering the ease of converting coins to fully regulated ETFs managed by professional fund managers and regulated custodians. With the growing adoption of ETFs in institutional asset allocation and retail trading in Hong Kong, we expect robust demand for our offerings.”

    There are currently over 205 approved ETFs in Hong Kong, according to the financial regulator’s homepage.

    List of approved Hong Kong ETFs. Source: SFC

    Unlike the cash-creation model of the United States spot Bitcoin ETFs, Hong Kong aims to offer in-kind creation models for ETFs that enable the creation of new ETF shares by using BTC and ETH. 

    Hong Kong’s in-kind ETF creation model could be a significant opportunity to considerably increase assets under management (AUM) and trading volume for these products, according to a research note by Bloomberg ETF analyst Rebecca Sin, shared in a March 26 X post by Eric Balchunas:

    “Hong Kong is aiming for in-kind creation of the ETF, unlike the US, where the transaction is cash only — in the US, it’s cash in, Bitcoin ETF out, while Hong Kong aims for Bitcoin in, ETF out. This could be an opportunity for the market.”

    Hong Kong ETFs could see a potential fee war

    The launch of the first ETFs in Hong Kong could lead to issuers racing to offer the lowest fees to customers, according to an April 24 X post by Bloomberg ETF analyst James Seyffart. He wrote:

    “A potential fee war could break out in Hong Kong over these Bitcoin and Ethereum ETFs. Harvest coming in hot with a full fee waiver and the lowest fee at 0.3% after waiver.”

    The fees for the first ETFs are already lower than previously expected, which is a promising sign, according to Eric Balchunas, senior ETF analyst at Bloomberg, who wrote in an April 24 X post:

    “Fees are 30bps, 60bps, and 99bps which is on average lower than we thought, good sign.”
    Tyler Durden Wed, 04/24/2024 - 11:25
  39. Site: Zero Hedge
    8 hours 58 min ago
    Author: Tyler Durden
    Chinese Have "Grabbed Gold By The Throat" As Capital Flight Accelerates

    “Chinese speculators have really grabbed gold by the throat...”

    That is how John Reade, chief market strategist at the World Gold Council, describes the scramble in the communist nation among investors looking to move money anywhere but in the yuan or Chinese assets.

    As evidenced by soaring Chinese FX outflows, the recent surges in 'alternate currencies' such as bitcoin and gold strongly suggest where the Chinese are seeking safety.

    Of course, worsening geopolitical tensions, unprecedented fiscal profligacy by the Biden administration that shows no signs of slowing, and a Fed that seemed willing to support that spending with rate-cuts that were wholly un-necessary based on the 'data' they are so 'dependent' on (prompting fears of a policy error) are all factors driving precious metals higher, but, as Bloomberg reports, juicing the rally is unrelenting Chinese demand, as retail shoppers, fund investors, futures traders and even the central bank look to bullion as a store of value in uncertain times.

    China and India have typically vied over the title of world’s biggest buyer. But that shifted last year as Chinese consumption of jewelry, bars and coins swelled to record levels. China’s gold jewelry demand rose 10% while India’s fell 6%. Chinese bar and coin investments, meanwhile, surged 28%.

    And there’s still room for demand to grow, said Philip Klapwijk, managing director of Hong Kong-based consultant Precious Metals Insights Ltd. Amid limited investment options in China, the protracted crisis in its property sector, volatile stock markets and a weakening yuan are all driving money to assets that are perceived to be safer.

    “The weight of money available under these circumstances for an asset like gold - and actually for new buyers to come in - is pretty considerable,” he said.

    “There isn’t much alternative in China. With exchange controls and capital controls, you can’t just look at other markets to put your money into.”

    But, there is another side to the Chinese demand for gold - speculators.

    Long gold positions held by futures traders on the Shanghai Futures Exchange (SHFE) climbed to 295,233 contracts, equivalent to 295 tonnes of gold.

    That marks a rise of almost 50 per cent since late September before geopolitical tensions flared up in the Middle East.

    A record bullish position of 324,857 contracts was hit earlier this month, according to Bloomberg data going back to 2015.

    While the scale of gold's rally has surprised many analysts, The FT points out that some point to activity on SHFE and the Shanghai Gold Exchange - where trading volumes on a key contract have doubled in March and April relative to last year - as a big driver of the rally, as Chinese investors aim to diversify from their crisis-ridden property sector and sagging stock market...

    Additionally, Bloomberg reports that although China mines more gold than any other country, it still needs to import a lot and the quantities are getting larger.

    In the last two years, overseas purchases totaled over 2,800 tons — more than all of the metal that backs exchange-traded funds around the world, or about a third of the stockpiles held by the US Federal Reserve.

    Even so, the pace of shipments has accelerated lately. Imports surged in the run-up to China’s Lunar New Year, a peak season for gifts, and over the first three months of the year are 34% higher than they were in 2023.

    And finally, as evidence of Chinese demand (or the scale of the capital flight), the premium being paid for the precious metal over western prices is soaring...

    Of course, China’s authorities, which can be quite hostile to market speculation and extremely hostile to capital flight, have warned, via their state media mouthpieces, that investors should be cautious in chasing the rally in gold.

    But, this is made all the more ironic given the fact that it is the Chinese central bank that is among the most prolific buyer of bullion in recent months...

    Do as we say, not as we do... or maybe investors should ask 'what does Beijing know?'

    Tyler Durden Wed, 04/24/2024 - 11:05
  40. Site: Zero Hedge
    9 hours 18 min ago
    Author: Tyler Durden
    Overconfidence In NFL Drafts: A Lesson For Investors

    Authored by Michael Lebowitz via RealInvestmentAdvice.com,

    Most NFL general managers (GMs) are optimistic and displaying overconfidence today as they prepare for tomorrow’s NFL draft. The draft is a once-a-year opportunity for GMs to acquire talent.

    Like investors, GMs often think they are smarter than their competitors, aka the market. Yet, they frequently have similar mindsets and follow the same narratives that drive their competition.   

    As we will share, overconfidence and groupthink among football GMs and investors are behavioral flaws that often harm performance. Having the tools and strategies to mitigate our behavioral traits is extremely valuable and can lead you to better returns.

    Overconfidence In The NFL

    Four of the first five picks in the draft are expected to be quarterbacks. Not only is the quarterback the most important position on the field but this year’s draft is hyped as having several future greats.

    Based on data from Warren Sharp, an NFL analyst, most of the quarterbacks taken in the early rounds will be average. His Fox Sports article entitled The success rate of first round QBs makes Lamar Jackson’s case for him, quantifies just how poor the odds are of drafting the next Super Bowl-winning quarterback. 

    There have been 38 quarterbacks drafted in the first round since 2011, the year the NFL changed the collective bargaining agreement.

    These 38 first-round quarterbacks have made a total of 1,909 starts. Their record? 1034-1035-7.

    He claims that of those 38 quarterbacks, only one, Patrick Mahomes, has won a Super Bowl. Furthermore, of the 28 from that group who are no longer on their initial contracts, the average time they were a starter was a mere 3.4 years.

    Despite the proven mediocrity of quarterbacks taken in the first round, we have little doubt that overconfidence will be on full display by the GMs drafting quarterbacks with their top picks after they make their selections.

    Groupthink In The NFL

    This behavioral trait arises when people seeking conformity think and act similarly. Typically, groups reach a consensus opinion without proper evaluation and with minimal alternative viewpoints.

    For instance, it is widely accepted that the four quarterbacks likely to go in the top five, Williams, Daniels, Maye, and McCarthy, will be excellent pros. Most NFL analysts offer differences between the quarterbacks but praise the physical and mental traits they believe will make them NFL starts. Very few analysts have poor ratings on any of those four quarterbacks.

    Choosing one of the four quarterbacks is comforting. Simply, GMs have cover if their pick is a dud. Who could have known? Every expert thought he would be a superstar!

    Investor Overconfidence And Groupthink

    Replace players with investment ideas and GMs with investors. The overconfidence and groupthink mentality impacting GM draft day decisions are similar to those investors always face.

    We quantified the odds of GMs picking above-average quarterbacks earlier. Per DFA Funds, the odds of an investor outperforming the market are even more daunting.

    We saw from the data above that an investor has about a 75% chance of underperforming the market in any given year, which means you have a 25% chance of beating the market in any given year.

    The message to take away from that statistic is to leave your confidence at the door!

    Regarding groupthink, most investors, like GMs, find comfort in knowing that many other investors are doing the same thing. Market narratives are a form of groupthink. Narratives help explain market movements and trends. Often, a narrative develops after a trend has started. In other words, rightly or wrongly, the narrative is the rationale.

    Today, narratives appear to be quicker to form and longer lasting. Maybe the advent of social media has allowed for their quicker dissemination and growth.

    Narratives describe the mindset of a group of investors. When you unknowingly invest based on a narrative, you are likely setting yourself up for failure.

    Strategies To Combat Behavioral Traits

    Appreciating that GMs have a one in three chance of successfully using a precious top-five draft pick on a quarterback or that only a quarter of investors will beat the market, we best have tools to manage our behavioral traits and improve our odds of success.

    Zig

    Warren Sharp advises GMs to “zig while others zag.”

    To zig is to have a contrarian mindset. For instance, it’s important for your portfolio to have popular stocks leading the market higher. But at the same time, understand that confidence can wane quickly, and a new set of stocks will take the throne soon enough. Don’t overstay your welcome in a narrative.

    It wasn’t that long ago that the Magnificent Seven stocks were all the rage. Their returns handily beat almost every stock and index. Holding a meaningful subset of the seven stocks was vital to keep up with the broad market indexes. However, the Magnificent Seven’s period of outperformance has either ended or is on pause. But, the narrative still thrives, and whether it’s already happening or will occur shortly, investing in the aged groupthink will catch many investors offside.

    Take Profits 

    It’s hard to sell when others are buying. Still, when the narrative-driven stocks fall out of favor, the prior profits and reduced position sizes will bolster returns and lessen the risk of underperforming the market.

    Appreciating what the market, and not popular narratives, tell you is equally vital. For instance, have you noticed that utilities and energy are the best-performing sectors lately? Those solely holding the Magnificent Seven and neglecting other sectors are falling behind.

    The SimpleVisor table below shows the relative performance of the Magnificent Seven stocks and XLU, the utility ETF, versus the S&P 500 over various time frames. Other than NVDA, most of the seven have been underperforming the market as of late. Also, the once poorly performing utility sector has been beating the market for the last 45 days. Selling the Magnificent Seven 45 days ago to buy utilities would go against groupthink, but it was a smart call.

    Appreciate Your Options

    The GMs with the top five picks have a precious option. Instead of picking a quarterback with limited odds of success, they can trade the pick to another team. In exchange, they might receive multiple high-level draft picks, boosting the odds of success.

    Other positions in the NFL draft have much better success rates than quarterbacks. If a GM can set aside their confidence in their ability to pick the right quarterback, they can increase the odds that they could easily land at least two very good players and possibly a pro bowler. Maybe they can even use one of the picks to get a quarterback in the later rounds. Let’s not forget Brock Purdy, the San Francisco quarterback who led the 49ers to the Superbowl, was Mr. Irrelevant, the last person taken in the draft.

    Investors have options, too. Many stocks, sectors, and factors will likely outperform the market but do not fit the narrative du jour. While buying what others aren’t may be uncomfortable, it may be more profitable.

    The other lesson is to diversify. Putting most of your eggs in one basket can significantly impact your relative performance. You will underperform if you are proven wrong, as is most common.

    Let Winners Run

    One of the most popular Wall Street sayings is, “Cut your losses short and let your winners run.”

    If our chances of beating the market are one in four, doesn’t it make sense to trade your portfolio actively? Many investors do the opposite. Their confidence and the attraction of groupthink keep them in underperforming stocks. At the same time, alternative stocks that are less followed may be the best bets.

    It can be appropriate and profitable at times to follow the crowd. However, at all costs, don’t ignore alternative views.

     

    Summary

    We risk underperforming the market by falling victim to our natural behavioral traits. Therefore, we owe it to ourselves to entertain and understand alternative views. As odd as it may seem these days, we need to watch FOX News and read the New York Times. We must challenge ourselves to understand better things that may not be comfortable.

    Seek out and study the views of others with whom you disagree. By better understanding opposing opinions, you will strengthen your existing views or better recognize flaws in your current logic. Either way, an investment thesis is better for it.

    Most importantly, remember that you are only human. The Patrick Mahomes of the investment world are few and far between. At times, overconfidence is a good trait, but it can also be a critical flaw.

    Tyler Durden Wed, 04/24/2024 - 10:45
  41. Site: Zero Hedge
    9 hours 25 min ago
    Author: Tyler Durden
    WTI Jumps After Bigger-Than-Expected Crude Inventory Build, Gasoline Demand (Reportedly) Slumps

    Oil prices are drifting lower this morning, despite API reporting a surprise crude inventory draw last night, as hopes that geopolitical tensions are easing (hope is not a strategy) combined with a reduced expectation of economy-juicing rate-cuts are weighing on crude prices.

    Supporting the upside, the US Senate, meanwhile, passed tougher measures against Iran in response to its attack on Israel earlier this month, with President Joe Biden saying he’ll sign the legislation into law. But the market is clearly calling Biden's bluff on this threat as he faces soaring pump prices domestically which will do nothing to help his "but I fixed inflation" narrative into the election...

    Source: Bloomberg

    However, for now, all eyes are on the official inventory and supply data for any signs of overall tightness, and refined products demand as the summer driving season is fast approaching.

    API

    • Crude -3.23mm (+500k exp)

    • Cushing -898k

    • Gasoline -595k (-1.5mm exp)

    • Distillates +724k (-1.0mm exp)

    DOE

    • Crude -6.4mm (+500k exp)

    • Cushing -659k

    • Gasoline -634k (-1.5mm exp)

    • Distillates +1.6mm (-1.0mm exp)

    Confirming API's report, the official data showed crude inventories plunging last week by the most since January. On the product side, it was mixed with gasoline drawing down by distillates building...

    Source: Bloomberg

    There was a 909k b/d drop in the adjustment factor versus last week, the biggest decline since February, coinciding with the big increase in crude exports. At 257k b/d this week’s balancing measure was pretty small by its own highly volatile standards.

    Source: Bloomberg

    The Biden admin added 793k barrels to the SPR last week - the largest addition since January... and probably the last!

    Source: Bloomberg

    Implied gasoline demand fell yet again, nearly slipping back below 2022 seasonal levels for the first time since early March.

    The figure typically sees decent growth at this point in the year, yet a post-Spring Break slump appears to have become the norm since 2020.

    In comparison to pre-pandemic demand, the figure is at its lowest since 2014.

    Source: Bloomberg

    US crude production was flat at 13.1mm b/d (near record highs) and we note a very modest rise in rig count trends starting...

    Source: Bloomberg

    WTI was trading around $83.00 ahead of the API data and jumped back into the green for the day after the crude draw...

    The conflict in the Middle East has "undoubtedly exacerbated tensions in an already volatile region," Stephen Innes, managing partner at SPI Asset Management, told MarketWatch.

    "While the recent attacks have been downplayed, the potential for further escalation cannot be entirely dismissed."

    However, "there's a lesson to be gleaned from this situation, particularly in how swiftly demand responded to higher oil and gasoline prices, as evidenced by the increase in U.S. oil stockpiles," he said.

    Finally, timespreads are signaling tighter conditions, with the gap between Brent’s two nearest contracts widening to $1.05 a barrel in backwardation, a bullish pattern in which the nearer contract trades at a premium to the next in sequence. That compares with 69 cents a week ago.

    Tyler Durden Wed, 04/24/2024 - 10:38
  42. Site: LifeNews
    9 hours 46 min ago
    Author: McKenna Snow

    Police are investigating an incident of vandalism that took place last week in Oklahoma, where a suspect forcibly toppled and broke a historic statue of the Blessed Virgin Mary and a statue of the Holy Family outside of a local Catholic church.

    The vandalism took place on April 19 at St. Joseph Catholic Church in Muskogee, Oklahoma. Upon discovering the toppled statues, the parish reported the vandalism, which was caught on security cameras, to local police.

    Three people were seen on camera when the vandalism took place, but only one of them is reportedly seen damaging the statues.

    Associate pastor Fr. Robert Dye told local news outlet the Muskogee Phoenix, “It looks like someone came up to both statues and pushed them over… One of them, you can see him pushing hard. It took some effort. It was bolted down.”

    The statue of the Blessed Virgin Mary, which parish members said was more than 100 years old, was found shattered on the sidewalk by the church.

    “I just remember how beautiful she is. She just had the most beautiful face ever,” parishioner Susan Lacey told the Muskogee Phoenix, describing the historic Marian statue. “It’s just breaking my heart.”

    LifeNews is on TruthSocial. Please follow us here.

    The other toppled statue, which depicted Jesus, Mary, and Joseph, was knocked into a flower bed. According to Muskogee Phoenix, the statue of the Holy Family, installed only a few months ago, was “mostly intact.”

    The statue of the Holy Family is valued at $1,200, and the historic statue of the Blessed Virgin is valued up to $10,000. Neither statue had any graffiti on them, Fr. Dye noted.

    CatholicVote’s Violence Tracker has documented more than 400 attacks and vandalisms against Catholic churches across the United States since May 2020.

    LifeNews Note: McKenna Snow writes for CatholicVote, where this column originally appeared. Photo credit: Dcn. Garlick, Chancellor (@HarrisonGarlic1) / Twitter

    The post Vandal Destroys Statue of Virgin Mary, 249th Attack on a Catholic Church Since Dobbs Leak appeared first on LifeNews.com.

  43. Site: Mises Institute
    10 hours 3 min ago
    Author: Daniella Bassi
    People often stubbornly hold to false beliefs, one of them being that government regulation of driving prevents chaos. However, the opposite seems to be true: government involvement in anything, including driving a car, creates the chaos we claim we want to avoid.
  44. Site: Steyn Online
    10 hours 3 min ago
    Mark takes questions from Steyn Club members around the world...
  45. Site: AsiaNews.it
    10 hours 10 min ago
    At his Wednesday audience, Francis repeated that "War is always a defeat." Through the intercession of John Paul II 10 years after his canonisation, the pontiff called for "the gift of peace" in Ukraine and Myanmar too. In the catechesis on the life of grace according to the Spirit, he stressed that the theological virtues of faith, hope and charity are an "antidote to self-sufficiency".
  46. Site: LifeNews
    10 hours 39 min ago
    Author: Steven Ertelt

    Florida Governor Ron DeSantis rebuked Joe Biden on abortion yesterday, shortly after Biden condemned Florida and its pro-life laws that protect babies with beating hearts from abortions.

    “All I can say is this is a guy who has intentionally opened the borders of this country and caused great harm,” the governor stated earlier on Tuesday. “His policies have caused families to suffer with higher prices and higher interest rates.”

    “And now he’s coming down to try to support a constitutional amendment that will mandate abortion up until the moment of birth, that will eliminate parental consent for minors, and that is written in a way that’s intentionally designed to deceive voters,” he continued.

    “Floridians are not buying what Joe Biden is selling,” DeSantis added. “And in November, we’re going to play an instrumental role in sending him back to Delaware where he belongs.”

    LifeNews is on TruthSocial. Please follow us here.

    The pro-life governor’s comments came after Biden slammed former President Donald Trump and Florida and urged voters to support a state amendment for abortions up to birth.

    “In America today in 2024 women have fewer rights than their mothers and their grandmothers had because of Donald Trump,” Biden falsely claimed.

    He further alleged that because of Trump “millions of women in Florida now face … pain and cruelty.”

    “It’s not inevitable,” the president continued. “We can stop it when you vote.”

    Fortunately, current polls show the amendment short of the 60% needed to be approved.

    The post DeSantis Slams Biden on Abortion: “Florida is Not Buying” Your Abortions Up to Birth Message appeared first on LifeNews.com.

  47. Site: Ron Paul Institute - Featured Articles
    10 hours 46 min ago
    Author: Jeffrey A. Tucker

    The last few years can be tracked at two levels: the physical reality around us and the realm of the intellectual, mental, and psychological. 

    The first level has presented a chaotic narrative of the previously unthinkable. A killer virus that turned out to be what many people said it was in February 2020: a bad flu with a known demographic risk best treated with known therapeutics. But that template and the ensuing campaign of fear and emergency rule gave rise to astonishing changes in our lives. 

    Social functioning was wholly upended as schools, businesses, churches, and travel were ended by force. The entire population of the world was told to mask up, despite vast evidence that doing so achieved nothing in terms of stopping a respiratory virus. 

    That was followed by a breathtaking propaganda campaign for a shot that failed to live up to its promise. The cure for the disease itself caused tremendous damage to health including death, a subject about which everyone cared intensely before the shot and then strangely forgot about after. 

    Protests against the goings-on were met with media smears, shutdowns, and even the cancellation of bank accounts. However, and simultaneously, other forms of protest were encouraged, insofar as they were motivated by a more proper political agenda against structural injustices in the old system of law and order. That was a strange confluence of events, to say the least. 

    In the midst of this, which was wild enough, came new forms of surveillance, censorship, corporate consolidation, an explosion of government spending and power, rampant and global inflation, and hot wars from long-running border conflicts in two crucial regions. 

    The old Declarations of rules on the Internet put free speech as a first principle. Today, the hosting website of the most famous one, signed by Amnesty International and the ACLU, is gone, almost as if it never existed. In 2022, it came to be replaced by a White House Declaration on the Future of the Internet, that extols stakeholder control as the central principle. 

    All the while, once-trusted sources of information – media, academia, think tanks – have steadfastly refused to report and respond in truthful ways, leading to a further loss of public trust not just in government and politics but also in everything else, including corporate tech and all the higher order sectors of the culture. 

    Also part of this has been a political crisis in many nations, including the use of sketchy election strategies justified by epidemiologic emergency: the only safe way to vote (said the CDC) is absentee via the mails. Here we find one of many overlapping parallels to a scenario hardly ever imagined: infectious disease deployed as a cover for political manipulation. 

    Crucially and ominously, all of these mind-blowing developments took place in roughly similar ways the world over, and with the same language and model. Everywhere people were told “We are all in this together,” and that social distancing, masking, and vaxxing was the correct way out. Media was also censored everywhere, while anti-lockdown protestors (or even those who simply wanted to worship together in peace) were treated not as dissidents to be tolerated but irresponsible spreaders of disease. 

    Can we really pretend that all of this is normal, much less justified? The exhortation we receive daily is that we can and must. 

    Really? At what point did you realize that you had to start thinking for yourself? 

    We all have a different starting place and journey but each of us has the following in common. We’ve realized that official sources, the ones we’ve trusted in the past, are not going to make any sense of the above for us. We have to seek out alternatives and put the story together ourselves. And this we must do because the only other choice is to accept that all of the above consists of a random series of disconnected and pointless events, which is surely not true. 

    That leads to the second layer of comprehension; the intellectual, mental, and psychological. Here is where we find the real drama and incalculable difficulties. 

    At the dawn of lockdowns, what appeared to be a primitive public health error seemed to be taking place. It seemed like some scientists at the top, who gained an implausible amount of influence over government policy, had forgotten about natural immunity and were under the impression that it was good for health to stay home, be personally isolated, avoid exercise, and eat only takeout food. Surely such preposterous advice would be revealed soon as the nonsense it was. 

    How in the world could they be so stupid? How did they gain so much influence, not just nationally but all over the world? Did the whole of humanity suddenly forget about all known science in every field from virology to economics to psychology? 

    As time went on, more and more anomalies appeared that made that judgment seem naive. As it turns out, what was actually taking place had something to do with a move on the part of security and intelligence services. It was they who were given rule-making authority on March 13, 2020, and that’s why so much of what we needed to know was and is considered classified. 

    There were early initial reports that the virus itself might have been leaked from a US-backed lab in Wuhan, which introduces the entire subject of the US bioweapons program. This is a very deep rabbit hole itself, thoroughly exposed in Robert F. Kennedy, Jr.’s The Wuhan Cover-Up. There was a reason that topic was censored: it was all true. And as it turns out, the vaccine itself was able to bypass the normal approval process by slipping through under the cover of emergency. In effect, it came pre-approved by the military

    As the evidence continues to roll in, more and more rabbit holes appear, thousands of them. Each has a name: Pharma, CCP, WHO, Big Tech, Big Media, CBDCs, WEF, Deep State, Great Reset, Censorship, FTX, CISA, EVs, Climate Change, DEI, BlackRock, and many more besides. Each of these subject areas has threads or thousands of them, each connecting to more and to each other. At this point, it is simply not possible for a single person to follow it all. 

    To those of us who have been steeped in following the revelations day by day, and trying to keep up with putting them together into a coherent model of what happened to us, and what is still going on, the ominous reality is that the traditional understanding of rights, liberties, law, business, media, and science were dramatically overthrown in the course of just a few months and years. 

    Nothing operates today as it did in 2019. It’s not just that functioning broke. It was broken and then replaced. And the surreptitious coup d’etat with no shots fired is still ongoing, even if that is not the headline. 

    Of this fact, many of us today are certain. But how common is this knowledge? Is it a vague intuition held by many members of the public or is it known in more detail? There are no reliable polls. We are left to guess. If any of us in 2019 believed we had our finger on the pulse of the national mood or public opinion generally, we certainly do not anymore. 

    Nor do we have access to the inner workings of government at the highest levels, much less the conversations going on among the winners of our age, the well-connected ruling elites who seemed to have gamed the entire system for their own benefit. 

    It’s so much easier to regard the whole thing as a giant confusion or accident on grounds that only cranks and crazies believe in conspiracy theories. The trouble with that outlook is that it posits something even more implausible; that something this gigantic, far-reaching, and dramatic could have happened with no real intentionality or purpose or that it all fell together as a huge accident. 

    Brownstone Institute has published more than 2,000 articles and 10 books exploring all over the above topics. Other venues and friends are out there helping us with this research and discovery, issue by issue. Even so, a great deal of responsibility falls on this one institution, the main work of which is providing support for dissident and displaced voices, which is implausible since it was only founded three years ago. We are deeply grateful for our supporters and would welcome you to join them.

    As for the intellectuals we once revered for their curiosity and wisdom, most seem to have gone into hiding, either unable to adapt to the new realities or just unwilling to risk their careers by exploring hard topics. It’s understandable but still tragic. Most are happy to pretend like nothing happened or celebrate the change as nothing but progress. As for journalists, the New York Times publishes daily commentaries dismissing the Constitution as a dated anachronism that has to go and no one thinks much about it. 

    There is a lot to sort out. So much has changed so quickly. No sooner than the dust seems to be settling from one upheaval, there is another and then another. Keeping up with it all causes a level of psychological brain scramble on a scale we’ve never previously experienced. 

    It’s easier to wait for the historians to tell the next generation what happened. But maybe, just maybe, by stepping up and telling the story as we see it in real time, we can make a difference in stopping this madness and restoring some sane and normal freedom back to the world.

    Reprinted with permission from Brownstone Institute.

  48. Site: Mises Institute
    10 hours 48 min ago
    Author: Ryan McMaken, Carlo Lottieri
    Foreword to Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  49. Site: Mises Institute
    10 hours 48 min ago
    Author: Ryan McMaken
    Chapter 19 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.
  50. Site: Mises Institute
    10 hours 48 min ago
    Author: Ryan McMaken
    Chapter 1 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities.

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