Distinction Matter - Subscribed Feeds

  1. Site: Zero Hedge
    4 days 19 hours ago
    Author: Tyler Durden
    Fast Casual Dining Foot Traffic "Plummets" Across New York-New Jersey As Consumer Cracks 

    The cost-of-living squeeze is crushing low-income consumers, so much that Goldman's top consumer trader, Scott Feiler, recently pointed out that his desk is "getting bearish on consumer and our soft landing basket." Days ago, Goldman analysts led by Bonnie Herzog provided clients with a fascinating list of corporate America's warnings about mounting cracks materializing in the consumer space. 

    Bloomberg report, citing new data from research firm Black Box Intelligence, continues the theme of the low-income consumer under severe financial stress. This data shows that fast-casual dining foot traffic across New York and New Jersey has abruptly plunged into early spring. 

    The slide in foot traffic comes as Red Lobster is considering a bankruptcy filing, and TGI Friday's is in distress, closing stores and working with Guggenheim Partners to address its debt problem as sales decline. 

    Moody's Ratings wrote in a report last week that rising menu prices have slowed fast-casual sales as the working poor ditch restaurants for food at home. 

    Dennis Cantalupo, chief executive officer of credit-rating and consulting shop Pulse Ratings, said restaurant chains relying on that demographic "are feeling it the most.' 

    Cantalupo warned operators are concerned about a more prolonged slump since price-conscious consumers are eating at home. 

    The big takeaway here is that working-poor consumers are pulling back on restaurant spending as pandemic excess savings have been depleted and credit card debt has hit insurmountable levels, just to survive the era of failed Bidenomics. 

    Tyler Durden Mon, 05/13/2024 - 18:00
  2. Site: LifeNews
    4 days 19 hours ago
    Author: Steven Ertelt

    The Biden administration is under fire for selectively prosecuting pro-life advocates who protested abortion inside abortion centers while ignoring hundreds of pro-abortion attacks on churches, pro-life groups and pregnancy centers.

    Heather Idoni is one of the dozen pro-life advocates who have been charged or convicted of violating the bogus FACE law that denies free speech rights to pro-life Americans. As LifeNews reported, the pro-life advocates have been found guilty of violating a federal law protecting abortion centers and now face the possibility of 11 years in prison.

    That political persecution is bad enough, but recent reports indicated Idoni was placed in solitary confinement for 22 days for sharing food with fellow prisoners. After that, a second report indicated Idoni suffered a stroke as a result of the cruel and unusual punishment.

    Now, a further update on her situation indicates Idoni has been denied the essential heart medication she needs. Here’s more about what happened when reporter Louis Knuffke interviewed Idoni.

    Knuffke learned ” that she had had 3 stents placed above her heart two weeks ago and was told to take daily doses of heart medicine. However, prison officials have not given her a single dose, she told Knuffke, and DC Jail personnel have told her that their records say she has been given them every day.”

    Idoni, who said she was suffering from fluttering of the heart, terminated the interview after saying she would request a trip to the hospital. Knuffke then called both Idoni’s lawyer and the emergency dispatch.

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

    “I ended up calling 911 to get a dispatch sent to the jail to make sure they didn’t ignore her,” Knuffke told this reporter. “Her lawyer said that if the doctor declares her condition was due to negligence in medical care, the marshals at the jail would be civilly liable.”

    Idoni told Knuffke that she was frightened that she might die, as doctors told her not to miss a dose. Idoni, who is now a prisoner at DC Jail at 1901 D Street in Washington DC, suffered a stroke two weeks ago.

    Sentencing hearings for nine pro-life advocates that Biden is attempting to put in prison for a decade are set to commence Tuesday.

    The post Woman Who Biden Put in Prison for Protesting Abortion Denied Heart Medication After Stroke appeared first on LifeNews.com.

  3. Site: Zero Hedge
    4 days 20 hours ago
    Author: Tyler Durden
    Mayor Johnson Deepens Concerns About What Side He Will Be On If DNC Protesters Become Lawbreakers And Challenge Cops

    By Mark Glennon of Wirepoints

    Whose side will Chicago Mayor Brandon Johnson be on if protesters become lawbreakers at the August Democratic National Convention in Chicago, and how will he direct police to respond?

    Concerns that Johnson will side with lawbreakers already are common, and Johnson’s  interview published Sunday by the Chicago Tribune should increase those concerns.

    Mayor Johnson on MSNBC

    The interviewers asked Johnson whether he agreed with police who forcibly broke up a recent protest at the Chicago Art Institute, arresting many protesters. Johnson answered that his primary concern was protesters’ rights. The reporters pressed further, asking, “Was the final response, the outcome — which led to dozens of arrests — was that necessary?”

    Johnson’s answer:

    Well, in some instances — and I’ve been a part of these demonstrations — in some instances, arrests are part of the objective. I’ll say it like that. I’ve taken arrest before. It’s not unprecedented for demonstrators to take arrest. The most important thing, though, here is that the First Amendment? Protected. Keeping people safe, it’s the primary goal, and we’ve done both of those.

    In other words, getting arrested for breaking the law while protesting is no biggie.

    The Chicago Tribune’s editorial board recognized the concern about what side Johnson will be on. “Democratic bosses,” their editorial says, “have figured something else out too. Chicago’s activist mayor is sympathetic to the pro-Palestinian protesters and likes to refer to the police as an entity separate from himself rather than under his control. Thus, he cannot be counted on to protect the convention and the party’s prospects.”

    Others noting the same concern include the Wall Street Journal. A column there asked last week whether Democrats can trust Johnson to protect the convention. The city’s weak response to protests at the University of Chicago, the Journal said, added to questions about the political will to enforce the law.

    The deliberate weakness in that response is now clear. In a Saturday MSNBC interview with Rev. Al Sharpton, Johnson said expressly that he opposed the university’s plan to clear the camp and assistance from the Chicago police.

    Even left-leaning Politico wrote in some detail last week about concerns over what side Johnson will be on. From Politico: “There’s already a joke going around Democratic strategist circles that the main difference between 2024 and 1968 is that the Chicago mayor this year will be on the side of the protesters, not the cops.”

    It’s no joke.

    Tyler Durden Mon, 05/13/2024 - 17:40
  4. Site: LifeNews
    4 days 20 hours ago
    Author: Steven Ertelt

    Several well-respected and established organizations have come together to fight Amendment 4 including, Florida Right to Life, Florida Eagle Forum, Florida Citizens Alliance Action, Citizens Defending Freedom, Priests for Life, Women Impacting the Nation, The Florida Catholic Medical Association, Florida Republican Assembly, Vote your Vision, Freedom Fellowship, Thy Protector, Watchmen Action, Sherloc, Community Pregnancy Clinics, and The Matt Buff Show as well as many individual faith and community leaders!

    “Do No Harm Florida” is led by: Dr. John Littell, Chairman, Dr. Rebecca Peck, Spokesperson, Lori Bontell, Volunteer Outreach, Nancy Randolph, Prayer Outreach, and Israel Hall, Jewish Outreach.

    “As a practicing physician, I’m pleased to represent Do No Harm Florida (DNHF) as its’ Chairman” stated Dr. John Littell. “We must be ready to expose the truth about this dangerous amendment and defeat it!”

    Father Pavone, National Director of Priests for Life, explains, “The work of Do No Harm Florida is critically important for us all and is a way to combine our strengths to keep Florida a state where the unborn and their families are safe and the laws we have already passed to protect them are intact.”

    DNHF spokesperson, Dr. Rebecca Peck stated, “As a post-abortive woman, and a licensed practicing physician, it is imperative we bring truth into the discussion, and expose the dangerous and deceptive language of Amendment 4…. I’m beyond proud to represent DNHF as spokesperson.”

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    “We realize the importance of building a strong coalition of affiliates to fight this radical and deceptive amendment that would enshrine abortion through birth and leave minor girls in danger with the removal of parental consent,” stated Lynda Bell, President and Spokesperson of Florida Right to Life.

    Please join Do No Harm Florida in fighting this dangerous, deceptive, and deadly amendment to Florida’s Constitution. For more information and our call to action, please visit our website www.DoNoHarmFL.org. We have a speakers bureau ready to share our important message at your church, temple, or community event. We can’t fight this evil amendment without your help. Please pray, share our website, volunteer, give as generously as possible, and vote NO on Amendment 4 on election day!

    The post Multiple Pro-Life Groups Join Forces to Stop Florida Amendment 4 and Abortions Up to Birth appeared first on LifeNews.com.

  5. Site: Zero Hedge
    4 days 20 hours ago
    Author: Tyler Durden
    Trump Tells Massive Crowd: "Day One" Executive Order Will Target Offshore Wind To Save Whales

    Former President Trump revealed at a large rally on Saturday evening in Wildwood, New Jersey, that if re-elected, he would sign an executive order on his first day in office to address offshore wind development along the East Coast. 

    Trump told a crowd of thousands that windmills are killing whales and fish. He pointed out that only a small number of whales died before wind farm developments, but now, whales are dying "all the time." 

    A dead humpback whale washed up at Atlantic City on Jan 7, and was observed to have head trauma (via @AtlanticCity911 on Twitter) 

    "We are going to make sure that that ends on day one," he said, adding, "I'm going to write it out in an executive order."

    Made the claim back in 2022 President Trump would end offshore wind development on day one, in fact President Trump will sign an executive order on day one. FULL STOKE!!!!!!!!!!!!!!!!!!!!! pic.twitter.com/TJhxLmJU49

    — Patrick Jay (@Jaysay1776) May 12, 2024

    Trump has said before, "Windmills are causing whales to die in numbers never seen before." He made that comment at a campaign rally in South Carolina in 2023.  

    (Illustration by The Epoch Times)

    "They're washing up ashore. I saw it this weekend, three of them came up. You wouldn't see it once a year. Now they're coming up on a weekly basis," he continued. 

    Trump is correct. Since 2016, or around the time offshore wind development began to ramp up, there has been a noticeable uptick in whale deaths along the East Coast. 

    Data from NOAA Fisheries shows humpback whale strandings from Maine to Florida have surged post-2016. 

    Meanwhile, New Jersey has been on a quest to distinguish itself as the top offshore wind state on the east coast. The Garden State has approved three offshore wind farms and is soliciting more requests. 

    However, left-leaning corporate media has routinely blasted Trump for attacking wind farms - calling his attacks "largely baseless." Bloomberg, which prides itself in ESG, said, "There is no evidence linking offshore wind development to whale deaths." 

    Regarding the promise of the executive order, we're sure he'll fulfill it - just add it to the stack of executive orders that will likely be released on day one (only if he gets reelected). 

    Tyler Durden Mon, 05/13/2024 - 17:20
  6. Site: PeakProsperity
    4 days 20 hours ago
    Author: Chris Martenson
    Europe is turning to openly satanic displays, some professors are calling for the mass culling of people while others are beavering away trying to permanently block the sun. What could go wrong? We might as well admit it; the experts are not up to the tasks.
  7. Site: RT - News
    4 days 20 hours ago
    Author: RT

    Kristi Noem said she canceled a planned sit-down with President Emmanuel Macron over his “pro-Hamas” comments

    South Dakota Governor Kristi Noem was never invited to meet French President Emmanuel Macron, his office has said, despite her claim that she canceled a meeting with the leader over “anti-Israel” comments he made.

    “While in Paris, I was slated to meet with French president Emmanuel Macron,” Noem wrote in her book, ‘No Going Back.’ “However, the day before we were to meet he made what I considered a very pro-Hamas and anti-Israel comment to the press. So, I decided to cancel.”

    The meeting was apparently set to take place last November, as Israel bombarded Gaza following Hamas’ surprise attack on the Jewish state. 

    An official from Macron’s office told NBC News last week that Noem was never invited or scheduled to meet with the French president. 

    Asked to respond on Friday, a spokesman for Noem told NBC that “the Governor was invited to sit in President Macron’s box for the Armistice Day Parade at Arc de Triomphe.” 

    Read more Donald Trump points to Texas Governor Greg Abbott as he speaks in Eagle Pass, Texas, February 29, 2024 Trump names potential running mate

    “Following his anti-Israel comments, she chose to cancel,” the spokesman said, adding that Macron “did not end up attending, either.”

    Earlier this year, former US President Donald Trump named Noem as a potential running mate, adding the North Dakotan to a list of potential vice presidents that now reportedly includes South Carolina Senator Tim Scott, New York Representative Elise Stefanik, Ohio Senator JD Vance, and entrepreneur Vivek Ramaswamy.

    However, the release of ‘No Going Back’ earlier this month has embroiled Noem in a storm of negative publicity. An anecdote in the book about shooting dead a 14-month-old puppy over behavioral issues caused outrage on social media, but Noem doubled down, insisting that “tough decisions like this happen all the time on a farm.”

    Noem also included an anecdote about meeting North Korean Leader Kim Jong-un during a trip to Asia in 2014. When journalists pointed out that this meeting never took place, Noem said that the passage had been included in error. However, she has refused to admit that she never met Kim.

    READ MORE: France suggests sanctions against Israel

    With conservative and liberal pundits alike arguing that Trump is now unlikely to choose Noem as a running mate, the former president said last week that “she had a rough couple of days. I will say that.”

  8. Site: Zero Hedge
    4 days 20 hours ago
    Author: Tyler Durden
    Squeezed For Decades, America's Working Class Is Finally Up Against The Wall

    Authored by Charles Hugh Smith via OfTwoMinds blog,

    The net result is America's working class is up against the wall, maxed out.

    Let's start by defining the working class in a meaningful way rather than by tossing around meaningless income metrics which implicitly suggest that exceeding some semi-arbitrary income bracket will magically lift a working class household into the middle class.

    In the real world, in terms of class status it doesn't matter whether the household income is $30,000 or $130,000; what matters is 1) ownership of assets that have bubbled higher in the Everything Bubble which then provide a buffer of wealth that can be tapped when misfortune strikes, and 2) a cost of living that is consistently and significantly lower than net income, enabling regular savings.

    In other words, a household earning $130,000 that owns negligible assets / wealth buffers and consumes every dollar of income just to service its debts and pay all the other bills is working class, while the household earning $30,000 that owns meaningful assets and frugally gets by on $20,000 a year is middle class. The household that earns $130,000 (generally considered a middle class income) but has a net worth is $2 million, no debt and an annual cost of living of $90,000 is upper middle class.

    Income by itself misses what's truly important: wealth buffers and a lifestyle that leaves surplus income to be consistently saved and invested.

    While we focus on the alarming leap in the cost of living over the past three years, we lose focus on the larger issue: America's working class has been squeezed for decades by the relentless decline in the purchasing power of wages. I explained how to calculate this in We Feel Poorer Because We Are Poorer: Here's Proof (December 4, 2023).

    The devastating decline in the purchasing power of wages since 1975 is beyond dispute. As I noted in the above post: "The status quo cheerleaders in the Ministry of Truth ignore the $5,000 annual cost increases in essentials while trumpeting the $100 decline in occasional discretionary purchases. Your rent costs you 100 more hours of work, but you save $100 on airfare, so it all evens out. Um, no."

    This chart reveals that the decades of hyper-globalization-hyper-financialization transferred trillions of dollars from wage earners to owners of capital. I explained this in Labor Rising: Will Class Identity Finally Matter Again? (May 1, 2024).

    As the purchasing power of wages fell and costs increased, it became more difficult to save earnings and climb the ladder of social mobility. The net result is the bottom 50%'s share of the nation's financial wealth has plummeted to a rounding error / signal noise: 2.6%. A great many of the bottom 80% households have little financial wealth to serve as buffers when misfortune strikes.

    Many of the bottom 90% of households own a family home....

    But "ownership" doesn't measure equity or mortgage debt. This chart shows that the bottom 90% "own" the majority of debt that drains income, while the wealthy own income-producing assets:

    Meanwhile, with interest rates rising, the cost of servicing debts is soaring: since the majority of debt is "owned" by the working class and middle class, the higher interest payments burden the many, not the few.

    The working class households which don't own a home are being squeezed by sharply higher rents: as for buying a house now, that is a luxury only affordable to the top layer of American households.

    The net result is America's working class is up against the wall, maxed out: whatever lines of credit that were available have been tapped (credit cards, "buy now, pay later" credit, etc.) and wage increases are soaked up immediately by higher costs for virtually everything.

    The ladder of universally accessible social mobility has been broken. The stresses generated are already visible, but the political-social consequences are still ahead, and once they manifest, economic earthquakes will follow.

    *  *  *

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    Tyler Durden Mon, 05/13/2024 - 17:00
  9. Site: The Orthosphere
    4 days 20 hours ago
    Author: JMSmith

    “The existence of a nation that is uniquely chosen in the flesh helps Christians avoid the trap of national election, with its tragic consequences in modern history.” 

    David P. Goldman, “Christian Nationalism and Israel,” The American Mind (May 2, 2024)

    I am not sure I understand what Goldman means by “chosen in the flesh,” but he seems to mean chosen all together, collectively, or as a nation.  I am in no doubt, however, as to the nation that Goldman believes has been chosen in the flesh, since after long and impartial reflection, he has clearly decided, and without reservation, that the chosen nation is his own nation, the Jews.

    This will surprise no one, since fanatically ethnocentric Jews have always thought this way.  The innovation of Goldman’s article is to argue that fanatical Jewish ethnocentrism is the antidote to fratricidal gentile ethnocentrism.  In other words, that when a gentile nation acknowledges that Jews are “uniquely chosen in the flesh,” it inoculates itself against the dangerous delusion that it is, itself, uniquely chosen in the flesh.

    The choice is therefore clear.  Either we grant Jews the throne of national election or we fall into the “trap of national election.”  If the gentile nations do not acknowledge the justice of Jewish pride, those gentile nations will be, as their due punishment, inflamed by a mad and bellicose counterfeit of Jewish pride, and this counterfeit pride will betray them to an Armageddon of universal war.

    So, Goldman’s proposition is really very simple: if the spurious nations of the gentiles do not cherish and protect the True Nation of the Jews, the spurious nations of the gentiles are all going to die.

  10. Site: Zero Hedge
    4 days 21 hours ago
    Author: Tyler Durden
    China's Broadest Credit Metric Just Turned Negative For The First Time Since 2005

    China has lots of economic problems (even if the market has been surprisingly generous in the past 4 months and allowed Chinese stocks to surge despite any actual economic rebound or recovery), but this is a new one.

    It is hardly a secret that for much of the past 15 years, and certainly in the aftermath of the Lehman collapse, it was China's unstoppable credit creation that lifted the world out of a deflationary shock time and again, and indeed it is a fact that as long as we can remember, China's broadest credit aggregate, Total Social Financing, was always positive, come rain, blizzard, or shina.

    But in a stunning reversal, the latest credit data published over the weekend by the PBOC revealed that for the first time since late 2005 - nearly 20 years ago - China's Total Social Financing turned negative!

    The drop was thanks to a combination of weak loan demand and slow pace of bond issuance, but whatever the reason, there is a bigger problem: China can't grow the economy without injecting billions (or trillions) of credit into it. Yet, without credit demand - at any interest rate or price - all the money that China does inject will go into various asset bubbles, which means we are back at square one.

    Here are the details:

    • New CNY loans: RMB 730bn in April (RMB loans to the real economy: RMB 331bn) vs. Bloomberg consensus: RMB 914bn
    • Outstanding CNY loan growth: 9.6% yoy in April (+8.0% mom sa ann); March: 9.6% yoy (+8.7% mom sa ann).
    • Total social financing (TSF flow, reported): RMB -199bn in April, vs. Bloomberg consensus: RMB 941bn.
    • TSF stock growth: 8.3% yoy in April, vs. 8.7% in March. The implied month-on-month growth of TSF stock: 3.5% in April (seasonally adjusted annualized rate), vs. 8.2% in March.
    • M2: 7.2% yoy in April (-1.6% mom sa ann estimated by GS) vs. Bloomberg consensus: 8.3% yoy, GS forecast: 8.0% yoy. March: 8.3% yoy (+6.4% mom sa ann).

    According to Goldman, it wasn't just the negative print in TSF that conveyed weak credit demand: so did the composition of RMB loan data which showed household loans contracted in April, and corporate loans expanded mainly due to a surge in bill financing. As the bank further adds, the broad weakness in money and credit data likely reflects

    1. the focus of policymakers on optimizing the structure and effectiveness of loan extension;
    2. more stringent measures to tackle “idle money circulation” in the financial system (e.g., corporates’ borrowing for redeposits).
    3. deposit outflows from banks to financial markets (particularly the bond market).

    Now a closer look at the narrative behnid the numbers:

    1. Total social financing (TSF) flows turned negative in April, the first time since October 2005, significantly below market expectations. The disappointing TSF data was driven by weak loan demand and slow pace of bond issuance. Bill financing surged as banks tried to fill in unused loan quota, which reduced the amount of undiscounted bankers’ acceptance bills. Shadow banking credit (undiscounted bankers’ acceptance bills, trust loans, entrusted loans) declined by RMB 246bn vs. an expansion of RMB 223bn in March. Bond net issuance fell sharply in April compared with March: Government bond net issuance moderated to RMB 159bn vs. RMB 478bn in March, while corporate bond net issuance was negative in April after seasonal adjustment (RMB -88bn vs. RMB 260bn in March). In year-over-year terms, TSF stock growth slowed to 8.3% from 8.7% in March. The sequential growth of TSF stock moderated to 3.5% mom sa annualized in April from 8.2% in March. For
    2. New CNY loans missed market expectations notably as well in April, and the sequential growth of RMB loans slowed to 8.0% mom sa annualized from 8.7% in March. That said, year-over-year growth of RMB loans was flat at 9.6% in April. The composition of new loans showed weak credit demand as household loans contracted and bill financing grew much faster than medium-to-long term corporate loans. After Goldman's seasonal adjustment, household loans contracted by -0.4% month-over-month annualized in April, vs +5.6% in March. Bill financing rose 70.4% month-over-month annualized in April (vs. -3.2% in March), while corporate medium-to-long term loans growth accelerated modestly to 11.8% month-over-month annualized in April (vs. 9.5% in March). The sizeable gap between “total new loans” (which was RMB 730bn in April) and the “new RMB loan under TSF” (which was RMB 331bn in April) was mainly due to the RMB 261bn expansion of loans to non-bank financial institutions.
    3. M2 growth slowed materially to 7.2% yoy in April (vs. 8.3% in March). On a sequential basis, M2 declined by 1.6% month-over-month annualized, vs +6.4% in March. Year-over-year growth of M1 turned negative in April, the first time since January 2022. The Financial News, a media outlet affiliated with PBOC, reported that the slowdown of M2 growth was driven by three factors: 1) deposit outflows from banks to non-bank financial institutions for higher returns of wealth management products, thanks to falling bond yields and lower deposit rates (more on this shortly); 2) more stringent measures to address “idle money circulation” (e.g., corporates’ borrowing for redeposits); 3) lower incentives for local governments to boost deposit/loan growth due to changes in accounting methods of value-added in financial sectors (in an effort by the central government to improve the GDP measurement).
    4. 4. April’s credit and money data consistently pointed to weak credit demand. Recent policy communications suggest that the PBOC continued to focus on enhancing monetary policy transmission and improving the efficiency of loan usage. Looking ahead, the growth of new CNY loans and M2 may gradually slow down further, as the PBOC highlighted weakening relationship between economic growth and credit expansion. Taken together with soft year-to-date growth of TSF stock, we revise down our TSF stock growth forecast to 9.5% for 2024 (vs. 10.0% previously). In light of upcoming acceleration of government bond issuance, we continue to expect two more RRR cuts and one policy rate cut through the remainder of this year.

    Looking ahead, Goldman expects government bond issuance to pick up in late Q2, and the PBOC to facilitate the government bond issuance by increasing interbank liquidity. We continue to forecast one 25bp RRR cut in Q2.

    While economists are trying to goal seek this latest disappointment out of China, the market has already priced it in, and overnight Chinese government bonds gained, as the poor credit data fueled expectation of more monetary policy easing and allowed traders to shrug off debt supply concerns. The offshore yuan touched its weakest level in over a week.
    Bonds. And with credit demand plunging 10Y yields are dumping just fast; here are some more from Bloomberg:

    • China plans to start selling the first batch of its 1 trillion yuan ($138 billion) of ultra-long special central government bonds on Friday.
    • Weakness in credit print “adds to the possibility of another RRR cut" coming before end-2Q, likely coinciding with the special bond issuance and a step-up of local government bond issuance for the remainder of 2Q,” Becky Liu, head of China macro strategy at Stanchard Chartered Bank said

    10-year bond yields fell to 2.29% versus previous close at 2.34% on Saturday; the domestic interbank bond market was open on May 11 due to holiday adjustment

    Finally, China’s credit in April shrank for the first time as government bond sales slowed, while loan expansion was worse than expected in a sign of weak demand.

    Bottom line: the yuan is dumping, credit is not only stalling but outright contracting, and while stocks are modestly higher as traders hope thay finally bottom-ticked the rebound, the collapsing Chinese yields signal that much more deflation is coming unless Beijing can arrest it. In either case, China is now facing a toxic cocktail of two equally bad choices: i) devalue the currency in hopes of kickstarting exports (since nothing else works), or ii) do nothing and watch as the economy spontaneously collapses in on itself and leads to a global economic shockwave that forces all developed central banks to quickly turn on the money printer.

    Tyler Durden Mon, 05/13/2024 - 16:40
  11. Site: RT - News
    4 days 21 hours ago
    Author: RT

    Jens Stoltenberg has presented a new justification for the US-led bloc’s pivot to Asia

    Beijing is “enabling” Moscow in the Ukraine conflict, NATO Secretary-General Jens Stoltenberg has claimed, arguing that the US-led bloc has to be involved in Asia and not just in the North Atlantic.

    Stoltenberg’s comments came during a question-and-answer panel at the NATO Youth Summit, in response to an inquiry from a Yale University student in the US.

    “The war in Ukraine demonstrates that security is not regional, security is global,” Stoltenberg said. “The main country that is enabling Russia to conduct its war of aggression against Ukraine in Europe, is China.”

    Stoltenberg went on to argue that China is “by far the biggest trading partner” of Russia, supplying Moscow with “critical components” for missiles, drones and other weapons. He also accused Iran of “providing drones” to Russia and North Korea of “providing ammunition and weapons.” 

    “Iran, North Korea and China, they are key for Russia’s capability to fight against [the] European friend [and] neighbor of NATO,” Stoltenberg said, referring to Ukraine. “So, this idea that we can divide Asia from Europe doesn’t work anymore.”

    Read more German ambassador to China, Patricia Flor (r), accompanies a German delegation on a visit to the Forbidden City in Beijing on 26 March 2024. Germany upset by China’s embrace of Russia – envoy

    The US had pushed for NATO to expand its mission into Asia long before the Ukraine conflict boiled over in February 2022, however. Washington also appears to have been the source of claims that Beijing, Tehran and Pyongyang provided weapons and ammunition to Moscow, without offering much in the way of evidence to back that up. 

    China has repeatedly rejected pressure from the US and its allies to join their embargo against Russia, calling it unilateral and illegitimate. Beijing has also proposed a peace plan for the Ukraine conflict, which Moscow seemed interested in, but Kiev and its Western backers rejected.

    Russia has denied US claims about North Korean weapons and ammunition deliveries. Iran has clarified that it provided Russia with prototypes and plans for drones before the outbreak of hostilities in Ukraine, suggesting that Moscow has been producing them domestically.

    The US and its allies have sent over $200 billion worth of weapons, ammunition and cash to Ukraine over the past two years, while insisting that this does not make them direct participants in the conflict.

  12. Site: LifeNews
    4 days 21 hours ago
    Author: Sarah Terzo

    Canada’s Medical Aid in Dying law took effect in June 2016. The law allows those with disabilities or chronic illnesses to be killed by a doctor at their request.

    Many stories have come out about disabled people “choosing” Medical Aid in Dying, which is really euthanasia, because of poverty or inability to get treatment.

    A Charity Worker Speaks Out

    As of 2023, over 1.5 million disabled Canadians were living in poverty. Many of them are turning to MAID (Medical Aid in Dying).

    Charities that help poor disabled people have noticed the problem. Meghan Nicholls, CEO of the Mississauga Food Bank, said:

    We’re at the point where clients on these programs are telling us they’re considering medically assisted death or suicide because they can’t live in grinding poverty anymore.

    A client in our Food Bank 2 Home delivery program told one of our staff that they’re considering suicide because they’re so tired of suffering through poverty. Another client asked if we knew how to apply for MAID (medical assistance in dying) for the same reasons…

    LifeNews is on TruthSocial. Please follow us here.

    When people start telling us they’re going to end their life because they can’t live in poverty anymore, it’s clear that we’ve failed them.

    Delays in Getting Approved for Government Assistance and Being Turned Down

    One example is 33-year-old Rose Finlay. Last June, Finlay, a paraplegic, requested MAID because she was unable to find personal care support. She had once run her own business, but her condition worsened, and she couldn’t pay her support workers.

    She applied to the Ontario Disability Support Program but was told it would take at least six to eight months to get approved. Euthanasia would be approved in 90 days.

    Finlay said:

    It’s not what I want. But if I don’t receive the support that I need, the outcome is the same … I would like to have other options.

    A woman named “Madeline” with myalgic encephalomyelitis turned to crowdfunding to pay for the help she needed after being turned down five times for government assistance. She’s facing euthanasia when she runs out of money.

    She said:

    I found treatments, but I can’t afford them … MAID, for me, is not a life and death choice. It’s about what kind of death I want when I run out of money.

    Sathya Dhara Kovac, 44, died of euthanasia, which she “chose” because the government refused to provide enough care hours. Before she died, she said:

    Ultimately it was not a genetic disease that took me out, it was a system … I could have had more time if I had more help.

    Her friend Shayla Brantnall said:

    She accepted the changes in her body, but without enough support, how could anyone keep going?… You’re constantly stressed, you’re constantly struggling, like, ‘How am I going to get to the bathroom? How am I going to eat food?’ That’s not really a great quality of life either.

    Once again, the cause of her “request” wasn’t her disability, but a lack of money for care.

    Tracey Thompson suffered from long covid. She couldn’t get approved for assistance, which, even if granted, would barely cover her rent and would leave her with nothing for other expenses.

    Choosing euthanasia, she said, was “exclusively a financial consideration.”

    She also said:

    I’m very happy to be alive. I still enjoy life. Birds chirping, small things that make up a day are still pleasant to me, they’re still enjoyable. I still enjoy my friends.

    But with no income, she didn’t feel she could survive.

    Medical Aid in Dying Due to Lack of Appropriate Housing

    Michael Fraser qualified for euthanasia because of liver disease, incontinence, and the inability to walk.

    He died because his apartment, which was on the second floor, had become a prison, and he couldn’t afford to move anywhere else.

    The doctor who killed him, Dr. Navindra Persaud, struggled with the decision.

    Persaud said:

    Professional standards were met. It’s legal, but I do feel guilty. I’m conflicted about it … There were a number of factors that led to Michael’s decision, and I think poverty was one of them….

    Sometimes poverty is pushing people to MAID who can be helped by other supports. For sure, I think the fact that he had trouble paying his rent made it harder for him to be in this world.

    51-year-old ‘Sophia’ had multiple chemical sensitivities. She did everything she could to get access to safe housing but was turned down and denied it at every turn. So, she died by euthanasia.

    Rohini Peris, President of the Environmental Health Association of Québec, said of her case:

    This person begged for help for years, two years, wrote everywhere, called everywhere, asking for healthy housing … It’s not that she didn’t want to live. She couldn’t live that way.

    Dr. Riina Bray, who treats her condition, said:

    It was an easy fix. She just needed to be helped to find a suitable place to live, where there wasn’t smoke wafting in through the vents.

    Lack of Resources and Poor Quality Care Lead to Medical Aid in Dying

    Paraplegic Jacques Comeau was getting in-home care from orderlies that had worked with him for years. But the local health center began sending new orderlies who gave poor care. One orderly left him sitting in his waste. They made mistakes with his procedures, causing him pain.

    So, he chose euthanasia.

    Adèle Liliane Ngo Mben Nkoth, an accessibility advocate, said about his case:

    Everywhere in Quebec, we see this … It’s deplorable to see that … we find ourselves in these situations for a country so rich as ours.

    Dr. Paul Saba from Lachine Hospital said:

    People are choosing it because they can’t get proper housing, can’t get affordable housing, can’t get food, where they’re not getting enough social services, not enough nursing help.

    “Falling Through the Cracks”

    Jennyfer Hatch appeared in the pro-euthanasia propaganda film “All Is Beauty.”

    What the makers of the film didn’t reveal was that she had said:

    … I feel like I’m falling through the cracks so if I’m not able to access health care, am I then able to access death care?’ And that’s what led me to look into MAID and I applied last year…

    From a disability and financial perspective as well, I can’t afford the resources that would help improve my quality of life. Because of being locked in financially as well and geographically, it is far easier to let go than keep fighting.

    Fraser Health’s MAID documentation includes the statement, “There were no other treatment recommendations or interventions that were suitable to the patient’s needs or to her financial constraints.”

    Les Landry’s disability benefits ended when he turned 65. His senior benefits weren’t enough to cover his medical transportation, prescription coverage, or service dog’s care. So, he applied for MAID.

    Euthanasia Averted by Generous Donors

    Amir Farsoud of Ontario was living in “never-ending agony” from a back injury. But it wasn’t pain that drove him to seek euthanasia, but homelessness after the owner sold the house he was renting. He said, “I don’t want to die, but I don’t want to be homeless more than I don’t want to die.”

    His story has a happy ending. Strangers raised $60,000 for him, allowing him to find a place to live, and he withdrew his application.

    31-year-old “Denise”, who also had multiple chemical sensitivities, applied for assisted suicide “essentially, because of abject poverty” as she said. But her GoFundMe account brought in enough money for her to get help for her condition.

    A Goal of Saving Money?

    These are just a handful of examples showing that disabled people are being forced into euthanasia by poverty and lack of services.

    But there is some evidence that the law works exactly as it was meant to.

    Before Medical Aid in Dying was legalized, the Canadian Medical Association released a report documenting how much money the law would save. Dead people, after all, don’t cost the government any more money in healthcare spending or support. An article covering the report stated:

    New research suggests medically assisted dying could result in substantial savings across Canada’s health-care system.

    Doctor-assisted death could reduce annual health-care spending across the country by between $34.7 million and $136.8 million, according to a report published in the Canadian Medical Association Journal on Monday.

    Aaron Trachtenberg, one of the report’s authors, told CBC News:

    In a resource-limited health care system, anytime we roll out a large intervention there has to be a certain amount of planning and preparation and cost has to be a part of that discussion… It’s just the reality of working in a system of finite resources.

    Arguments about the money that MAID would save were rarely made publicly. Instead, euthanasia supporters relied on claims of ‘death with dignity’ and ‘relieving human suffering.’ But reports like this one were available to legislators, and issues of cost were spoken about behind closed doors.

    Lies and Denial

    How do supporters of Medical Aid in Dying respond to these cases?

    Mostly by denying they exist. In response to allegations that disabled people were choosing death because of poverty and lack of housing, Helen Long, CEO of pro-euthanasia group Dying with Dignity said, “This is simply not true and there is no evidence that I’m aware of to support those claims.”

    LifeNews Note: Sarah Terzo covered the abortion issue for over 13 years as a professional journalist. In this capacity, she has written nearly a thousand articles about abortion and read over 850 books on the topic. She has been researching and writing about abortion since attending The College of New Jersey (class of 1997) where she minored in Women’s Studies. This article originally appeared on Sarah Terzo’s Substack. You can read more of her articles here.

    The post Canadians are Killing Themselves in Assisted Suicides Because They’re Too Poor to Afford Medical Care or Housing appeared first on LifeNews.com.

  13. Site: RT - News
    4 days 21 hours ago
    Author: RT

    Americans attending religious services are more concerned about the rapidly developing tech than the public as a whole, according to a study

    Practicing Christians and “scripture-engaged believers” in the US are more skeptical of rapidly developing artificial intelligence (AI) than the public as a whole, according to a new survey by the American Bible Society.

    In its second chapter of the annual ‘State of the Bible’ report released last week, the nonprofit organization examined respondents’ opinions about the technology and what role it plays in their faith. The study was based on 2,506 online interviews with American adults across all states.

    The findings showed that levels of uncertainty about AI were high across the board, with 68% of the general public disagreeing with the idea that AI could “promote spiritual health” and 58% of people disagreeing that AI could “aid in moral reasoning.” 

    Regardless of scriptural engagement or biblical allegiance, the report said “everyone is uncertain how a future with AI could look.” At the same time, slightly more than half of respondents agreed that AI would bring about an increase in unemployment.

    “Americans are more fearful than hopeful about Artificial Intelligence,” stated John Farquhar Plake, American Bible Society’s Chief Program Officer and State of the Bible Editor-in-Chief. He added that while the survey shows “a great deal of uncertainty” across the board, “the greatest uncertainty is at the intersection of faith and AI.”

    Read more RT AI threatens jobs worldwide – IMF

    Scripture-engaged Americans are “slightly more” concerned about artificial intelligence compared to Americans as a whole, the study found. Similarly, they were more likely than their peers to express agreement with negative statements about AI.

    The scripture-engaged showed an average “agreement score” of 3.1 on the belief that the use of AI “goes against biblical teaching,” compared with an agreement score of 2.7 for the general public. Similarly, they were more likely to agree that the bad outweighs the good when it comes to AI.

    The average level of agreement that AI would lead to increased unemployment was also highest among practicing Christians, followed by non-practicing Christians and non-Christians. 

    The idea of a priest using AI to develop sermons was also more objectionable among practicing Christians than non-practicing or non-Christians.

    The non-profit’s survey found that contrary to popular assumption, Gen Z’s were not more positive regarding AI than older generations, despite their comfort with technology as “digital natives.” In fact, Gen Z are “most concerned” about how AI will affect their livelihood, fearing they lack AI skills to maintain their jobs, according to the report.

  14. Site: Zero Hedge
    4 days 21 hours ago
    Author: Tyler Durden
    "If Mr. Trump Is Hitler, Think Of Newsom As Godzilla With Hair Gel..."

    Authored by James Howard Kunstler via Kunstler.com,

    Monster Mash-Up

    “My take is that the US is incredibly unstable right now, and could go in almost any imaginable direction between now and the election, as well as some unimaginable ones.”

    - John Michael Greer

    Did you notice that it took just a little bit of internal chaos to alert the Party of Chaos that maybe chaos wasn’t the greatest thing to be the party of? Something went awry the past two weeks when thousands of creamy coeds on every campus across America donned the keffiyeh and, in effect, demanded submission to history’s most notorious misogynist cult. It struck a most cacophonous chord among progressives, like Kumbaya as orchestrated by Karlheinz Stockhausen. To awaken from Wokery, you see, is a brutal shock to the brain.

    And so, over the weekend every big dog in the Democratic Party’s doghouse came out barking against the current direction of the Democratic Party — that is, over an electoral cliff, lemming-style. Bill Clinton lamented at the Milken Conference that:

    “the political rewards of grievance politics and name-calling and being negative have been so immense that nobody could give’em up. That’s what this whole shebang has come down to now.”

    James Carville had a veritable nervous breakdown on X:

    “It’s going the wrong way, it’s not working. Everything we’re throwing is spaghetti at a wall, and none of it is sticking, me included.”

    Fareed Zakaria over on CNN confessed that:

    “None of this is playing out the way I thought it would.”

    Gee, really?

    None of them could bring themselves to actually name the doddering donkey in the room, “Joe Biden.”

    Nor did they dare call out the stage manager behind the old Joe-from-Scranton show, Barack Obama, not exactly coasting into his fourth term, as expected.

    They’re all surprised the way things are turning out. And, of course, “JB” himself did not come out of his Rehoboth Beach hidey-hole after declaring no more bullets and missiles for you, Israel, which landed amongst the Party’s donor class like a tear-gas bomb.

    Hillary Clinton popped up on the Morning Joe show wearing royal purple to remind the audience that Donald Trump is another Hitler, threatening “the sanctity of the Constitution” and adding “maybe this will be our last election.”

    If she’s putting herself up as possible last-minute replacement for the ever more ghostly “Joe Biden,” she was not so crass as to say so. The party will have to come pleading to her on its knees, hoping she can once again muster the legions of indignant women to oppose the wicked Golden Golem of Greatness — who was, that very day, on display in a Manhattan courtroom having to endure the jibes of the paradigmatic wronged woman, porn-star Stormy Daniels.

    What else have they got, really? Gavin Newsom?

    If Mr. Trump is Hitler, then think of Mr. Newsom as Godzilla with hair gel. Imagine what he could do to the whole USA after trashing California, as he has managed to do. Sorry to tell you, but in an election contest between Hitler and Godzilla, Hitler would probably win. It’s a rock-paper-scissors deal. Any other ringers they might throw in? The only name that ever comes up is Illinois governor JB Pritzker, who actually looks a bit like King Kong, and has certainly done a Kong-job on Chicago. And, by the way, that’s where the Democrats’ convention will happen in August. Wouldn’t it be something to see King Kong versus Godzilla there?

    All of which is to say that something beyond desperation has set in amongst the Democrats, an emotion so dire that Elizabeth Kubler Ross couldn’t find a word for it on her transect of grief. They don’t know what to do at this point. They have only a few months to figure it out and there is more at stake than a mere turnover in administrative duties. The shadow of the gibbet looms in their nightmares. Their lawfare schtick was one thing, a kind of fun-and-games compared to what’s coming at them: the actual law, trials for more serious crimes than mere book-keeping errors and mis-pricing real estate valuations. Think: sedition, treason, bribery and tack on conspiracy to commit all the above.

    Meanwhile, Mr. Trump provided a further shock to the awakening Woke with a Saturday evening fan meetup down-the-shore in Wildwood, New Jersey. Somewhere between eighty to a hundred-thousand voters showed up in what is said to be among the bluest states in the country. Bruce Springsteen must have been weeping into his avocado toast over in Red Bank. Then, across the Sunday morning news digests there was talk about “a landslide win,” and even more amazed chatter about RINOs and Never-Trumpers returning to the folds of the Golden Golem’s heavenly garment, as though Mr. Trump had virtually Jeezified himself through a year of tribulation.

    Will the Democrats just go through the motions the next six months, awaiting execution? Naw. One way or another, they are going to jam Hillary into this psychodrama.

    Stay tuned for a couple of medical emergencies.

    First, Kamala Harris will resign on account of a sudden “health problem” that prevents her from attending to her duties. Cancer will be implied but not spelled out. “Joe Biden” will appoint HRC of the Purple Pantsuit as veep.

    Three weeks later, “JB” will submit his resignation for medical reasons, and nobody will need to ask why.

    Voila! The first woman president, she-whose-turn-has-finally-come, flies triumphantly out of the Democratic Convention in her hometown, Chicago, like Rodan the Flying Reptile emerging from the mythic volcano, cawing her battle-cry across the land. The Golden Golem answers with a roar. The great re-match is on!

    *  *  *

    Support his blog by visiting Jim’s Patreon Page or Substack

    Tyler Durden Mon, 05/13/2024 - 16:20
  15. Site: RT - News
    4 days 21 hours ago
    Author: RT

    The breakdown of ceasefire talks and the resulting civilian deaths are a result of weak and indecisive American diplomacy

    Israel has been threatening a full-scale invasion of the Gazan city of Rafah for months, with the US government belatedly warning against the move and calling for a ceasefire. However, the Biden administration has consistently flip-flopped on the issue and refused to take serious measures to pressure Israel into reaching a deal.

    On May 6, Hamas publicly announced that it had accepted a ceasefire proposal, triggering celebrations throughout Gaza. The rejoicing was short-lived though, as the Israeli government reiterated its refusal to accept a deal and pledged instead to launch a ground operation in Gaza’s southernmost city, despite US government objections.

    Israeli Prime Minister Benjamin Netanyahu even stated that “the day after is the day after Hamas. All of Hamas,” meaning there is no ceasefire deal he will accept.

    Despite the Israeli military capturing the Rafah Crossing between Gaza and Egypt, in addition to killing dozens of civilians after bombing 100 targets throughout Rafah, Israel announced that a delegation had been sent to Cairo to exhaust all possibilities of reaching a ceasefire. As it would later turn out, the ceasefire proposal that Hamas accepted was almost identical to one drafted by the CIA and Israeli intelligence, and lauded by US Secretary of State Antony Blinken as a strong proposal.

    Meanwhile, in cities like Haifa and Tel Aviv, Israeli protesters – led by the families of captives held in Gaza – had taken to the streets to demand their government accept the ceasefire terms, which included the release of all Israeli prisoners. Clashing with the police and labeling the Netanyahu government liars, the demonstrators threatened to burn the country if their prisoners were not freed.

    The US response the very next day was to gaslight reporters by telling them that the whole world was wrong and that Hamas had not accepted any ceasefire proposal. It was not long before US President Joe Biden was to sit down for an interview with CNN and state that he would not supply Israel with offensive weaponry to be used in a “major invasion” of Rafah. What he refused to do, however, was define what a major invasion means – and where the red line is.

    Read more Pro-Palestinian protesters at George Washington University, Washington, DC, May 2, 2024. Why Israel is the one thing you can’t protest against in Western universities

    This unclear approach comes after the Israeli military violated the terms of the 1979 Camp David agreement, which normalized ties between Egypt and Israel, by invading what is known as the Philadelphi Corridor in southern Gaza. Not only did the Israeli army send in its Givati Brigades, who published videos of themselves recklessly crushing the border crossing for fun, they also sealed off the key aid route to Gaza’s civilian population, who are on the brink of famine

    A weak and confusing American approach

    The Israeli government has been threatening to invade Rafah since the start of the year, with Benjamin Netanyahu repeatedly asserting, since the beginning of February, that Israel will lose the war if there is no invasion. it's a move that the US not only says will mean defeat militarily, but more importantly, threatens the lives of over a million civilians, most of whom have nowhere else to go.

    In early March, Biden gave a confusing interview to MSNBC, where he repeatedly contradicted himself when addressing the issue of an Israeli invasion of Rafah.

    While claiming that entering Rafah is a “red line,” he then said that “there’s no red line [where] I’m going to cut off all weapons... but there’s red lines that if he crosses them”, before he seemed to lose his train of thought.

    The sudden changes in the stance of policymakers in Washington are not limited to Biden’s MSNBC interview. In early February, the US said it would oppose an invasion of Rafah, calling it a disaster,” to which the Israeli prime minister responded that he was preparing his forces to invade – and ramped up aerial attacks on the area. Yet, in mid-February the US government prepared a $14 billion military aid package for Israel and would go on to say that it could only support a limited invasion of Rafah.

    Then there were reports that emerged, citing unnamed US officials, alleging that Biden was growing frustrated with Netanyahu and that he had even sworn at him. There was then the American push towards a six-week ceasefire in March, which the US president publicly said he hoped would happen prior to the Muslim Holy month of Ramadan. Even now, the Biden administration is still talking about an alleged “six-week ceasefire”, despite its own proposal to Hamas being a detailed agreement designed to end the war or at least to last for several months.

    Silently, the US approved over 100 weapons transfers to assist the war effort against Gaza, in which they used loopholes to avoid Washington’s own new laws on weapons sales. Then, with two weeks left until the end of Ramadan, the US finally abstained in a United Nations Security Council (UNSC) vote, which called on Israel to implement a ceasefire until the end of the Muslim Holy month. In response, Israel immediately canceled the pre-planned visit of a high-level American delegation to Tel Aviv. 

    Read more Pro-Palestinian encampment at George Washington University in Washington, DC, on May 3, 2024 The top pro-Jewish organization in the US has shown it isn’t what it claims to be

    However, the very next morning, following the passing of the UN Security Council resolution, the US State Department announced that the resolution was non-binding. This not only meant that Washington was denying the reality of the internationally understood consensus that all UNSC votes are by their nature binding, but also that it would allow Israel to violate the resolution. So, even though Washington technically took a measure to pressure its ally temporarily, the very next day it gave an informal veto of the resolution, signaling to the Israeli government that it would retain American support no matter what.

    While admitting that an invasion of Rafah will inevitably lead to the mass killing of Palestinian civilians, and block humanitarian aid transfers during an impending famine, and that it will not lead to the collapse of Hamas or the return of Israeli prisoners, the US government is effectively twiddling its thumbs.

    The US has had nearly seven months to formulate a coherent policy when it comes to its goals and red lines in the Gaza-Israel war, yet it cannot articulate what its red lines are – and what ceasefire it even desires – without constantly contradicting itself. Western corporate media are now pointing to the postponing of a singular weapons shipment to Israel by the Biden administration, as if this constitutes pressure. But the US has done nothing to force Israel to allow aid to pass through the Rafah Crossing, which it immediately called upon Israel to do.

    At this point, the US government is not helping to achieve Israel’s publicly stated war aims, it is not helping the families of Israeli prisoners, and it has failed to achieve a ceasefire or the sufficient transfer of humanitarian aid into Gaza. Instead, Joe Biden appears to be doing one thing – helping Benjamin Netanyahu prolong the conflict, with no end goal, no exit strategy, and no political solution or even the most basic idea of a post-war situation on the horizon. If anything, the US government has proven itself to be incapable of playing any constructive role to any side’s benefit. In fact, it is detrimental to the situation. If there were any people of conscience left in Washington, they would be urging their colleagues to step aside and hand the issue over to nations with coherent foreign policy platforms and intelligent diplomats.

  16. Site: RT - News
    4 days 21 hours ago
    Author: RT

    The breakdown of ceasefire talks and the resulting civilian deaths are a result of weak and indecisive American diplomacy

    Israel has been threatening a full-scale invasion of the Gazan city of Rafah for months, with the US government belatedly warning against the move and calling for a ceasefire. However, the Biden administration has consistently flip-flopped on the issue and refused to take serious measures to pressure Israel into reaching a deal.

    On May 6, Hamas publicly announced that it had accepted a ceasefire proposal, triggering celebrations throughout Gaza. The rejoicing was short-lived though, as the Israeli government reiterated its refusal to accept a deal and pledged instead to launch a ground operation in Gaza’s southernmost city, despite US government objections.

    Israeli Prime Minister Benjamin Netanyahu even stated that “the day after is the day after Hamas. All of Hamas,” meaning there is no ceasefire deal he will accept.

    Despite the Israeli military capturing the Rafah Crossing between Gaza and Egypt, in addition to killing dozens of civilians after bombing 100 targets throughout Rafah, Israel announced that a delegation had been sent to Cairo to exhaust all possibilities of reaching a ceasefire. As it would later turn out, the ceasefire proposal that Hamas accepted was almost identical to one drafted by the CIA and Israeli intelligence, and lauded by US Secretary of State Antony Blinken as a strong proposal.

    Meanwhile, in cities like Haifa and Tel Aviv, Israeli protesters – led by the families of captives held in Gaza – had taken to the streets to demand their government accept the ceasefire terms, which included the release of all Israeli prisoners. Clashing with the police and labeling the Netanyahu government liars, the demonstrators threatened to burn the country if their prisoners were not freed.

    The US response the very next day was to gaslight reporters by telling them that the whole world was wrong and that Hamas had not accepted any ceasefire proposal. It was not long before US President Joe Biden was to sit down for an interview with CNN and state that he would not supply Israel with offensive weaponry to be used in a “major invasion” of Rafah. What he refused to do, however, was define what a major invasion means – and where the red line is.

    Read more Pro-Palestinian protesters at George Washington University, Washington, DC, May 2, 2024. Why Israel is the one thing you can’t protest against in Western universities

    This unclear approach comes after the Israeli military violated the terms of the 1979 Camp David agreement, which normalized ties between Egypt and Israel, by invading what is known as the Philadelphi Corridor in southern Gaza. Not only did the Israeli army send in its Givati Brigades, who published videos of themselves recklessly crushing the border crossing for fun, they also sealed off the key aid route to Gaza’s civilian population, who are on the brink of famine

    A weak and confusing American approach

    The Israeli government has been threatening to invade Rafah since the start of the year, with Benjamin Netanyahu repeatedly asserting, since the beginning of February, that Israel will lose the war if there is no invasion. it's a move that the US not only says will mean defeat militarily, but more importantly, threatens the lives of over a million civilians, most of whom have nowhere else to go.

    In early March, Biden gave a confusing interview to MSNBC, where he repeatedly contradicted himself when addressing the issue of an Israeli invasion of Rafah.

    While claiming that entering Rafah is a “red line,” he then said that “there’s no red line [where] I’m going to cut off all weapons... but there’s red lines that if he crosses them”, before he seemed to lose his train of thought.

    The sudden changes in the stance of policymakers in Washington are not limited to Biden’s MSNBC interview. In early February, the US said it would oppose an invasion of Rafah, calling it a disaster,” to which the Israeli prime minister responded that he was preparing his forces to invade – and ramped up aerial attacks on the area. Yet, in mid-February the US government prepared a $14 billion military aid package for Israel and would go on to say that it could only support a limited invasion of Rafah.

    Then there were reports that emerged, citing unnamed US officials, alleging that Biden was growing frustrated with Netanyahu and that he had even sworn at him. There was then the American push towards a six-week ceasefire in March, which the US president publicly said he hoped would happen prior to the Muslim Holy month of Ramadan. Even now, the Biden administration is still talking about an alleged “six-week ceasefire”, despite its own proposal to Hamas being a detailed agreement designed to end the war or at least to last for several months.

    Silently, the US approved over 100 weapons transfers to assist the war effort against Gaza, in which they used loopholes to avoid Washington’s own new laws on weapons sales. Then, with two weeks left until the end of Ramadan, the US finally abstained in a United Nations Security Council (UNSC) vote, which called on Israel to implement a ceasefire until the end of the Muslim Holy month. In response, Israel immediately canceled the pre-planned visit of a high-level American delegation to Tel Aviv. 

    Read more Pro-Palestinian encampment at George Washington University in Washington, DC, on May 3, 2024 The top pro-Jewish organization in the US has shown it isn’t what it claims to be

    However, the very next morning, following the passing of the UN Security Council resolution, the US State Department announced that the resolution was non-binding. This not only meant that Washington was denying the reality of the internationally understood consensus that all UNSC votes are by their nature binding, but also that it would allow Israel to violate the resolution. So, even though Washington technically took a measure to pressure its ally temporarily, the very next day it gave an informal veto of the resolution, signaling to the Israeli government that it would retain American support no matter what.

    While admitting that an invasion of Rafah will inevitably lead to the mass killing of Palestinian civilians, and block humanitarian aid transfers during an impending famine, and that it will not lead to the collapse of Hamas or the return of Israeli prisoners, the US government is effectively twiddling its thumbs.

    The US has had nearly seven months to formulate a coherent policy when it comes to its goals and red lines in the Gaza-Israel war, yet it cannot articulate what its red lines are – and what ceasefire it even desires – without constantly contradicting itself. Western corporate media are now pointing to the postponing of a singular weapons shipment to Israel by the Biden administration, as if this constitutes pressure. But the US has done nothing to force Israel to allow aid to pass through the Rafah Crossing, which it immediately called upon Israel to do.

    At this point, the US government is not helping to achieve Israel’s publicly stated war aims, it is not helping the families of Israeli prisoners, and it has failed to achieve a ceasefire or the sufficient transfer of humanitarian aid into Gaza. Instead, Joe Biden appears to be doing one thing – helping Benjamin Netanyahu prolong the conflict, with no end goal, no exit strategy, and no political solution or even the most basic idea of a post-war situation on the horizon. If anything, the US government has proven itself to be incapable of playing any constructive role to any side’s benefit. In fact, it is detrimental to the situation. If there were any people of conscience left in Washington, they would be urging their colleagues to step aside and hand the issue over to nations with coherent foreign policy platforms and intelligent diplomats.

  17. Site: PaulCraigRoberts.org
    4 days 21 hours ago
    Author: pcr3

    Biden is ruining Americans at a Historic Rate, but watch tens of millions of the dumbshit fools vote for him

    President Joe Biden’s policy of mass migration is forcing up housing inflation, pushing up interest rates and mortgage rates, according to a report in the Wall Street Journal.

    This migration-driven housing process sucks vast wealth from ordinary Americans and sends it to landlords and housing investors. This process also diverts investment dollars to real estate instead of the machinery, automation, and training that helps ordinary Americans raise their productivity and their wages.

    https://www.breitbart.com/2024-election/2024/05/12/wall-street-journal-bidens-migration-spikes-interest-mortgage-rates/

    The White House Fool let the truth slip out. In an interview with a Spanish radio show Biden said that the unprecedented rise in illegal immigrants is an “influx of Hispanic voters.”

    https://twitter.com/ModernityNews/status/1789278110048797017

  18. Site: LifeNews
    4 days 21 hours ago
    Author: Steven Ertelt

    Democrat AGs from 17 states have formed a working group to promote abortion and shut down pro-life pregnancy centers that provide women with real help and support during pregnancy.

    Making it clear they’re pro-abortion not pro-choice, the liberal attorneys general are led by Massachusetts Attorney General Andrea Campbell, who says the group started to “protect access to abortion across our country.”

    The group will use the offices of AGs nationwide to advance their radical abortion agenda.

    Here’s more:

    Campbell said that the group held its first meeting this week and had 17 state attorneys general in attendance. She said they plan to use member attorney general offices’ resources to advance “reproductive health care.”

    LifeNews is on TruthSocial. Please follow us here.

    “Every office has different resources and human capital,” she told The 19th. “If we come together across offices in this coalition and working group, we can make sure everyone has what we need as we take on this collective fight.”

    Campbell said the group will be prioritizing the use of abortion “shield laws.” These laws provide legal protection to doctors and other entities that provide abortions or mail abortion pills to women in states where they are banned.

    Campbell and the other attorneys general in the group would like to increase the number and scope of these laws.

    The group appears to be a new effort to follow on the heels of New York AG Letitia James trying to shut down pergnancy centers in her state.

    The post Democrat AGs Form Group to Promote Abortion, Shut Down Pro-Life Pregnancy Centers appeared first on LifeNews.com.

  19. Site: Zero Hedge
    4 days 21 hours ago
    Author: Tyler Durden
    Hedge Funds Hammered As 'Roaring Kitty' Returns; Bitcoin & Black Gold Bid

    The return of 'Roaring Kitty' sent GME soaring higher (up 110% at its highs)...

    Source: Bloomberg

    ...and prompted squeezes/panic-covering across the 'most shorted' names and 'retail favorites (memes)' soared...

    Source: Bloomberg

    As John Flood noted from Goldman's trading desk: "GS Most Short Rolling basket in focus having a top 5 move over the past 5 Years (3.3std)."

    Source: Bloomberg

    Volume/activity has been abysmal recently and today was no better with overall activity levels -7% vs the trailing two weeks average.

    • HF buy skew sticks out @ +16.6% unsurprisingly, that’s 97th %-ile & the highest level in 6wks.  Covering most acute in Info Tech with a buy skew @ +20% and short ratio of only 34%.  HCare, Consumer, REITs & Comms Svcs all net to buy; Macro Products & Energy (likely PR hedges) net for sale

    • LOs are 15% better for sale with just Cons Disc and Fins as small to buy.  The most concentrated selling is in Macro Products & Info Tech, with modest supply across HCare, Indust, Comms Svcs & Energy

    Most notably, the weakest sleeves of the market are surging higher – Most Short Basket up +3 sigmas // YOLO basket up +3 sigmas // China Internet basket up +2 sigmas

    GameStop “stonks” surged up to 119% after a cryptic post on X from Keith Gill, aka 'Roaring Kitty', his first since June 2021. Some investors interpreted it to mean that Gill is coming back into action (BBG).

    S&P is unchanged but NOT all is calm underneath the surface. HF community under pressure on this Manic Monday. We are seeing a considerable amount of covering by the fast money community in both single stocks and macro products during the first 3 hours of trading.

    Keep an eye on the following thematics as it feels like this could get worse before it gets better...

    'HF VIP Longs vs Most Short' was down 7% - the biggest drop since June 2021 (today’s move is a 4SD over last 1 year of trading)

    Source: Bloomberg

    Mega Cap Tech vs Non Profitable Tech down 4% (today’s move is a 3SD over last year of trading)

    Long Momentum down 4% (today’s move is a 4 SD over last year of trading)

    In context, today saw half of all indicative hedge fund gains year-to-date have been cut in half...

    Source: Bloomberg

    Here we go again: explosion in most shorted names means worst day for hedge funds since Dec 2023. Gross unwinds, margin calls, stay puft marshmallow man all to follow pic.twitter.com/yxl8220Nau

    — zerohedge (@zerohedge) May 13, 2024

    The jump in inflation expectations (and household debt stress) from The New York Fed's survey did provide some selling pressure on the day however - as well as Chevron's decline (driven by reports that influential proxy giant ISS recommended Hess investors abstain from voting on the proposed $53 billion acquisition).

    By the close, the S&P was unchanged, The Dow was the laggard (down around 0.2%), while Small Caps outperformed and Nasdaq held on to some gains (both well off the day's highs)...

    Treasuries were bid today (but traded in a narrow range), ending the day down only 1bp...

    Source: Bloomberg

    The dollar ended the day flat, recovering overnight losses...

    Source: Bloomberg

    Bitcoin ripped back up to $63,000 today, erasing Friday's plunge losses...

    Source: Bloomberg

    Gold gave back more than half of last week's gains today, back below $2340...

    Source: Bloomberg

    Oil bounced back off $78 (WTI) - around its 100DMA - recovering most of Friday's losses...

    Source: Bloomberg

    Finally, this trend is not Powell's (or Biden's) friend...

    Source: Bloomberg

    'Growth' data continues to surprise to the downside, and 'inflation' data surprise to the upside. What do we call that Jay? Clue: it rhymes with blag-station.

    Tyler Durden Mon, 05/13/2024 - 16:00
  20. Site: Zero Hedge
    4 days 21 hours ago
    Author: Tyler Durden
    Turkey Treating Over 1,000 Wounded Hamas Members In Hospitals: Erdogan

    The NATO country with the second largest military in the alliance has just admitted to aiding and abetting a US-designated terror organization.

    Turkish President Recep Tayyip Erdogan in surprisingly frank statements acknowledged that Turkey is currently treating over 1,000 Hamas members in various hospitals across the country. In the remarks he stressed that Turkey does not consider them terrorists, but as part of a "resistance movement" against Israel.

    Via AFP

    Also surprising is that such an admission, which is sure to anger other Western allies, came as Greek Prime Minister Kyriakos Mitsotakis was on an official visit with Erdogan in the capital city of Ankara.

    "Hamas is a resistance organization whose lands have been occupied since 1947, and it has protected its lands after the occupation," Erdoğan said, clashing with Greece's view of the militant organization currently fighting Israel.

    "I do not see Hamas as a terrorist organization. On the contrary, I see Hamas as people struggling to protect their own land and their own people," Erdogan added.

    According to more from the exchange:

    Speaking at a press conference after talks with Greek Prime Minister Kyriakos Mitsotakis in Ankara, Erdogan also said he was saddened by the Greek view that deems Hamas a terrorist organization.

    Greece and Turkey cannot agree on all issues related to the war in Gaza but they can agree that violence must end and a long-term ceasefire is needed, Mitsotakis said.

    “Let’s agree to disagree,” Mitsotakis said, responding to Erdogan.

    Erdogan at one point told his Greek counterpart that terrorist organizations "should have no place in the region's future" and that there is "growing unity" on this, but that Turkey differs on the definition when it comes to Hamas.

    But, Erdogan explained, "we are in agreement that a ground operation in Rafah would be unacceptable."

    Since the Gaza War started in the wake of the Oct.7 Hamas terror attack, Erdogan has been a constant critic of both Israel and Prime Minister Netanyahu personally. 

    Erdogan corrects Greek PM Mitsotakis, says “Hamas isn’t a terror group, it is an insurgent group that is trying to protect its territories that have been occupied since 1947” pic.twitter.com/U0mrRdjEcG

    — Ragıp Soylu (@ragipsoylu) May 13, 2024

    Turkey has also cut trade with Israel over what it called the "worsening humanitarian tragedy" currently unfolding. Israel has in turn accused Erdogan of being a "dictator". 

    As for treating hardline jihadists in hospitals, this also happened during the war in Syria, but in that case even Israel at one point had been giving medical aid to anti-Assad militants on its soil, most of which were linked to al-Qaeda.

    Tyler Durden Mon, 05/13/2024 - 15:45
  21. Site: Zero Hedge
    4 days 22 hours ago
    Author: Tyler Durden
    What's The Inflation Rate Under Biden Vs 7 Previous Presidents?

    Authored by Mike Shedlock via MishTalk.com,

    Voters seem angry about inflation despite economists telling us how great things are. A few pictures explain.

    Why Biden Is Losing on the Economy

    The Wall Street Journal comments on Why Biden Is Losing on the Economy

    Democrats and the press keep telling Americans that they don’t know how good they have it. The U.S. economy is great, Bidenomics is the reason, and don’t worry, be happy. Yet the voters, those numbskulls, keep telling pollsters they don’t feel the boom and they don’t approve of President Biden’s economic performance.

    If our friends on the left want to stop berating voters and admit reality, they might look at the chart nearby from Dan Clifton of Strategas Research Partners. It compares the average annual consumer-price inflation rate across the first term of the last eight presidencies. As you can see, Mr. Biden’s average inflation rate of 5.5% is second only to Jimmy Carter’s average rate of 10.3%, and Mr. Carter wasn’t re-elected.

    The President keeps telling voters that inflation has fallen on his watch to 3.5% from that peak, but voters remember how low inflation was for some 40 years before Mr. Biden took office and went on his historic spending spree. Americans can also see that prices aren’t falling back to where they were when Mr. Trump was President. They know their average real earnings have declined since Mr. Biden took office.

    Voters aren’t stupid, and this is why they don’t like Mr. Biden’s economic record.

    It's not the hand that Biden was dealt that mattered. It's how he played the hand he was dealt.

    1. The biggest fiscal stimulus in the world, totally unwarranted
    2. Student debt cancellation
    3. Absurd energy policy
    4. Rent moratoriums
    5 The IRA

    All massively inflationary

    — Mike "Mish" Shedlock (@MishGEA) May 11, 2024

    The Journal explains what I have been talking about for months.

    But the article misses a big point. Neither the Fed nor economists in general view housing prices as inflation. The economic illiterates do not count asset prices in general as inflation.

    Home Prices Hit New Record High, Don’t Worry

    The Case-Shiller national home price index hit a new high in February. That’s the latest data. Economists don’t count this as inflation.

    Case-Shiller national and 10-city indexes via St. Louis Fed, OER, CPI, and Rent from the BLS

    On May 2, I commented Home Prices Hit New Record High, Don’t Worry, It’s Not Inflation

    Not Inflation?!

    Economists, including the Fed, consider homes a capital expense, not a consumer expense.

    As a result, they all ignore economic bubbles and blatantly obvious inflation on grounds it’s not consumer inflation. This has gotten the Fed into trouble at least three times. The first was the dot-com bubble, then the Great Recession housing bubble and now.

    It’s really pathetic when you make the same major mistake over and over and over. It’s a result of groupthink.

    Inflation Since January 1, 2020

    • CPI: 20.3%

    • OER (Owners’ Equivalent Rent): 22.1%

    • Rent: 22.5%

    • Case-Shiller National Home Prices: 47.2%

    Allegedly, the latter has nothing to do with inflation. And adding insult to injury for those seeking to buy a home, mortgage rates have sky rocketed.

    Mortgage News Daily Average Mortgage Rates

    Image courtesy of Mortgage News Daily, anecdotes by Mish

    On January 1, 2020 the mortgage rate was 3.76. Now it’s 7.16% with home prices up 47.2%.

    But hey, let’s claim that this has nothing to do with inflation.

    Trapped In Your House?

    A New York Fed survey shows 1-year and 3-year look ahead moving expectations are at record lows.

    Data download from the New York Fed, chart by Mish

    On May 6, I commented Trapped In Your House? Moving Expectations Hit Record Low

    The above post started some interesting discussion on Twitter. One person noted that expectations had been declining anyway.

    OK but two things. From 2014 to 2022 expectations fell from 20.8 percent to 16.4 percent. A decline of 4.4 percentage points in 8 years. In the next two years, expectations fell another three percentage points,

    Trapped offers a reasonable explanation for the acceleration.

    Second, those are “expectations” not actual results. Unfortunately, we will not have 2024 data for two more years.

    According to data from the U.S. Census Bureau, moving rates for Americans declined from 12.8% in 2021 to 12.6% in 2022. Thus, more people thought they would move than actually did.

    I suggest 2023 and 2024 will be lower for obvious reasons. But if for some reason it’s higher it will be more renters moving around, not homeowners.

    We do not have the precise data that proves homeowners are trapped, but we do have strong enough data to suggest that is the case.

    Young Voters Bail on Biden

    On March 7, I commented Polls Show Biden is Losing Black, Hispanic, and Young Voters to Trump

    Q: Why is Biden losing black voters and young voters?

    A:Those are the groups most likely to rent. In general, those are the groups most impacted by inflation whether you count home prices or not.

    People Who Rent Will Decide the 2024 Presidential Election

    Immigration won’t decide the election. Polls have not yet captured what will. This may come as a surprise, but the top issue housing. More explicitly, it’s shelter costs.

    On April 30, I commented People Who Rent Will Decide the 2024 Presidential Election

    The economy is a very broad category that encompasses inflation, jobs, unemployment, wages, rent, and housing.

    Other polls split the economy in various pieces, such as inflation and jobs. Not a single poll mentioned housing specifically.

    Q: What is it that young voters really have on their minds?
    A: Rent – Unaffordable Housing

    I said people who rent will decide the election. One might also say young voters and blacks will decide the election. It’s really the same issue, but none of the polls framed it the way I just did.

    Trump would be wise to pick a candidate who appeals to young voters and also women for the abortion issue. Trump might win even if he doesn’t.

    This was a discussion among several friends of mine recently.

    One friend accurately noted that VP candidates don’t swing many voters. Yep, that’s true, but even half a percentage point could swing the election. It would behoove Trump to choose wisely.

    Tyler Durden Mon, 05/13/2024 - 15:25
  22. Site: Zero Hedge
    4 days 22 hours ago
    Author: Tyler Durden
    "An Absolute Disaster": Media Freaks As Trump Dominates Battleground States

    A new set of polls reveals that Donald Trump is leading President Biden in five out of six critical battleground states, as young and nonwhite voters grow increasingly dissatisfied with the current president.

    The surveys, from the New York Times, Siena College and the Philadelphia Inquirer found that Trump is smoking Biden in Michigan, Arizona, Nevada, Georgia and Pennsylvania, while Biden is barely clinging to Wisconsin. The top grievances among disaffected voters are cost of living, immigration, and the war in Gaza, in what the NY Times characterizes as "widespread dissatisfaction with the state of the country and serious doubts about Mr. Biden’s ability to deliver major improvements to American life."

    Nearly 70 percent of voters say that the country’s political and economic systems need major changes — or even to be torn down entirely.

    Only a sliver of Mr. Biden’s supporters — just 13 percent — believe that the president would bring major changes in his second term, while even many of those who dislike Mr. Trump grudgingly acknowledge that he would shake up an unsatisfying status quo.

    ...

    The economy and the cost of living, however, remain the most important issues for one-quarter of voters — and a significant drag on Mr. Biden’s prospects. More than half of voters still believe that the economy is “poor,” down merely a single percentage point since November despite cooling inflation, an end to rate hikes and significant stock market gains. -NY Times

    And the media is freaking out:

    "AN ABSOLUTE DISASTER": President Trump post MASSIVE leads in battleground states over Crooked Joe Biden in New York Times poll.

    NEVADA: Trump +13
    GEORGIA: Trump +9
    ARIZONA: Trump +6
    PENNSYLVANIA: Trump +3
    WISCONSIN: Trump +1 pic.twitter.com/f92WSa7i4l

    — Trump War Room (@TrumpWarRoom) May 13, 2024

    In particular, Biden's impotence has "helped erode his standing among young, Black and Hispanic voters, who usually represent the foundation of any Democratic path to the presidency."

    Young hispanics, for example, gave Biden more than 60% of their vote in 2020. Now, Trump and Biden are virtually tied among that demographic. Trump has also garnered over 20% of black votes according to the poll, the highest level for any Republican candidate wince the Civil Rights Act was enacted in 1964.

    Because of this, Trump's strength among young and nonwhite voters has "upended the electoral map."

    Based on the latest RCP Averages, this is what the map would look like if the election were held today: https://t.co/qt0zX3Gvxv pic.twitter.com/GWa0z7IC5d

    — Tom Bevan (@TomBevanRCP) May 13, 2024

    "It is concerning to me when I keep seeing press come out of the White House where they keep saying the economy is good," according to 32-year-old Jacob Sprague of Reno, Nevada, who voted for Biden in 2020 but won't be doing so again. "That’s really weird because I’m paying more on taxes and more on groceries and more on housing and more on fuel. So that doesn’t feel good."

    Even more hilarious is that nearly 20% of voters blame Biden more than Trump for the Supreme Court's 2022 decision to overturn Roe v. Wade (what?).

    Trump is polling particularly well with voters who believe that political and economic systems need to be torn down - around 15% of registered voters, with whom Trump is leading by 32 points.

    Things are so bad some are convinced Biden will be replaced at the Democratic National Convention in mid-August.

    Tyler Durden Mon, 05/13/2024 - 15:00
  23. Site: Henrymakow.com
    4 days 22 hours ago


    elizabeth-pipko-seen-photo-provided-81280518.png
    (Left, RNC's New Spokesman is a 28-Year-Old "Proud Religious Jew" Bikini Model, with Carnival Barker Donald J Trump)

    Meet Elizabeth Pipko, the MAGA-loving bikini model who is GOP's sexiest new spokeswoman

    "Pipko, the daughter of Jewish Russian immigrants who fled religious persecution, said she considers herself the embodiment of the American dream -- and can't wait to make "a difference.




    --
    Mike Adams--In today's Brighteon Broadcast News, I offer my analysis on why I think a deal has been struck to install Trump into the White House.

    The primary movers on this deal are Zionist donors, and they've had it with Biden's refusal to ship more weapons to Israel, as well as the resistance against Israel portrayed by Democrats.

    That's why suddenly a huge shift has taken place to back GOP candidates with Zionist money, which is exactly why you're seeing nearly the entire GOP throw away the First Amendment and call for the craziest, insane things imaginable... such as Sen. Lindsay Graham now saying that Israel should nuke Gaza. Or GOP House members calling for rounding up pro-Palestine protesters and deporting them to Gaza where they can be bombed by the IDF.

    Trump is set to be president, but the cost of that will be the end of America's speech freedoms, the First Amendment and the freedom to think for yourself (especially on campus).  America is about to descend into a fascist, Zionist-controlled police state.

    ------
    Germany may introduce conscription for all 18-year-olds


    Germany is considering introducing conscription for all 18-year-olds, as it looks to boost its troop numbers in the face of Russian military aggression.

    Military planners in Berlin are in the final stages of discussing three options, two of which involve a form of conscription, according to leaked plans reported in the German media. Boris Pistorius, the defence minister, is set to go public with the official plans by June.

    --
    maui-cars.png
    Maui 2023 was an Illuminati DEW Hit Job

    Finally the whole truth comes out. (Start at 9 min if time-constrained)


    Viewers--"Thank you!! I can now share this with family and friends who are too busy watching Netflix to do a BIT of research. Another great documentary, very heartwarming yet terrifying too, loaded with facts, no coincidences!!""

    Winds of Change:Live Inside the Lahaina Wildfire (UNCUT 1st Version)


    Thank you for emailing me this clip - Maui in 15 Minutes (2023). I noticed the callous, inhuman expression and gaslighting of the Hawaiian police and governorThe reason the Hawaiian police and governor, a Jew, and all the others who participated in the murder of the Hawaiian natives refuse to talk about it is because they all signed secrecy non-disclosure agreements with the UN in the war to take out resistors for the New World Order. Everyone was acting so damn polite --waiting in their cars to be burned to death. 

    -----
    Lena Petrova-DOLLAR COLLAPSE: IMF Warns of Global Fragmentation Along Geopolitical Lines & Dedollarization


    -

    police-caars.jpg
    Oregon 'Anarchist' Group Takes Credit for Burning 15 Police Cars in 'Preemptive' Attack


    "The group says the attack was a "preemptive" one, pointing to recent police intervention at anti-Israel college campus protests nationwide.     
    The anarchists called for violent resistance on college campuses, saying "if the frat bros come, smash their frat house windows!" "If the Zionist settlers come, throw fireworks at them! If the cops come don't just resist arrest, fight them! They will hate you and beat you if you're peaceful or violent, and it is time to be violent." 

    --

    G. Edward Griffin Explains Money Creation After Biden's Chief Economist Is Baffled By How Money Works
    G. Edward Griffin, author of the book, The Creature from Jekyll Island, A Second Look at the Federal Reserve was asked for his explanation. He replied as follows:

    "The federal government and the taxpayers are the borrowers, while the Federal Reserve (the consortium of commercial banks that own and operate the Federal Reserve) creates the money that is loaned. The money does not exist prior to the loan. It is true that governments could create their own money and, thereby, avoid paying interest on it as they now do, but it also is true that those same governments, over time, have become subservient to the Federal Reserve, and it would be political suicide today for politicians to seriously try to cut the banks off of interest payments on money they do not even have. It's a scam, of course, but devious enough that most people, including Mr. Bernstein and Mr. Biden, do not understand it - and it is so outrageous that, if they did understand it, they likely would not believe it."

    I can believe that Biden is stupid enough not to understand it but Bernstein and company know exactly what they are doing, namely , WRECK the AMERICAN ECONOMY so they can have a "great reset" and full control over everyone via their central bank digital currency.
    The people who engineered 9/11 are sinister but they're not stupid. He's playing dumb because he'd rather appear ignorant rather than merely malevolent.

    --

    Dissecting the New York Times' Plea for Vaccine Amnesty
    Reviewing a remarkably disingenuous "apology" and what actually caused the vaccine disaster


    One of the mysteries of the COVID-19 response is what could have possibly justified breaking the public's trust in the medical institutions our society revolves around. Here I will review the most compelling explanations we've come across after three years of investigating this commonly asked question.

    -
    snopes-ashley.png
    Now that Biden has angered Israel, SNOPES is telling the truth

    Karen Kingston--China Publicly Brags About Capture of US BioPharma Elites & Espionage

    New Laws in China: American companies with significant business in China and Chinese Nationals are ALL subject to being coerced by the Chinese Military to work against the American people


    May 13, 2024: It should be no surprise to learn that the People's Republic of China military and Chinese Communist Party (CCP) targets and captures elites and personnel from the American government, military, and businesses.

    Per a scathing March 13th letter from Chairman of the House Oversight Committee, James Comer, to Attorney General Merrick Garland, "Elite capture is a form of political warfare that seeks to control the actions of political, academic, business, and cultural leaders to achieve policies and actions within the United States that it views as beneficial. Such manipulation is achieved through a variety of techniques, to include financial incentives, financial dependence or compromise, business entanglement, offers of access to opportunities within China, ideological appeal, and even blackmail."

    ---

    Miss Teen USA Contestants are quitting en masse


    --

    Paranoid Zionist rant against Biden


  24. Site: RT - News
    4 days 22 hours ago
    Author: RT

    Poland’s new government discovered foul play while auditing the #StopRussiaNow initiative

    Auditors have claimed that the #StopRussiaNow campaign to vilify Russia over the Ukraine conflict was in fact a thinly-veiled scheme to line the pockets of businesses close to the former ruling party, according to Poland’s largest online news portal Onet.

    The #StopRussiaNow ad campaign was launched in March 2022 by then-Prime Minister Mateusz Morawiecki of the Law and Justice (PiS) party. Its goal was to present Russia to the EU and NATO countries as the “aggressor” in Ukraine, at a cost of nearly 23 million zloty ($5.7 million).

    “A large part of the funds spent on the campaign may have been misappropriated,” sources from the Supreme Audit Office (NIK) in Warsaw told Onet.pl. “We are preparing a report on this matter for the prosecutor’s office.”

    NIK began looking at the campaign sometime after last December, when PiS lost power to Prime Minister Donald Tusk’s coalition. The audit’s official results are due sometime in June.

    According to Onet’s own investigation, Morawiecki entrusted the campaign to Bank Gospodarstwa Krajowego (BGK), which issued a no-bid contract to Tak Bardzo Group (TBG), a relatively unknown ad agency based in Warsaw. 

    Read more Polish Deputy Agriculture Minister Michal Kolodziejczak EU state cancels talks with Ukraine over corruption fears

    However, TBG is headed by Paulina Palka, whose husband Piotr is a PiS politician and an associate of President Andrzej Duda. TBG then contracted two other companies linked to the ruling party: Ixodes and 1450. The agency even paid 90,000 zloty for legal services to a firm owned by its founder, Rafal Sikora.

    TBG was billed 15.4 million zloty ($3.88 million) by 1450, but the company records showed only 2.8 million zloty spent on online media purchases, which were supposed to be the lion’s share of the contract’s estimate. The other subcontractor, Ixodes, was paid 4 million zloty for services that included branded vehicles driving around EU capitals and setting up a website – stoprussianow.eu – that ended up defunct just five months after its launch.

    The campaign’s costs were “exorbitant,” a Polish PR executive who wished to remain anonymous told Onet, adding that the sums involved are equal to the annual budget of a medium-sized client.

    “Taking into account the size of the budget for promotional activities and the provisions in the contract and the bid, it can be clearly stated that we are dealing with far-reaching mismanagement,” said Onet’s source.

    One major red flag was that the campaign spent millions on direct mail services that did not seem necessary at all, since its target was not the general public, but the media and the political elites in the EU.

  25. Site: Catholic Conclave
    4 days 22 hours ago
    Add and continue. Fiducia supplicans continues to wreak havoc as it is being interpreted to suit the consumer.Confusion and chaos is what the Fiducia Supplians Declaration of Cardinal Víctor Manuel Fernández is causing throughout the Catholic world. Although the Prefect of the Dicastery for the Doctrine of the Faith was at pains to emphasize that it had to be a brief blessing of 10-15 seconds andCatholic Conclavehttp://www.blogger.com/profile/06227218883606585321noreply@blogger.com0
  26. Site: southern orders
    4 days 22 hours ago


    Pope Francis gave an excellent elocution to the Easter Rite, Syro-Malabar Church about the Latin Rite Church trying to colonize the Eastern Rite liturgy! By way of Pope Francis’ logic, we can say that Pope Paul VI’s Concilium, which fabricated the newly reformed Mass of the Latin Rite, not only tried to colonize the Eastern Rite with its innovations, like Mass facing the nave, but also the Latin Rite Liturgy by colonizing it with modernist views of the Church and her liturgy!

    My astute comments embedded within the text of the pope in “red”. 

    Your Beatitude,
    Your Excellencies,
    Dear brothers and sisters,

    I am pleased to welcome you, your brother bishops and those who have accompanied you on your first trip to Rome after your election. It was good to have this election! I also fraternally greet the representatives of the Syro-Malabar community in Rome.

    The faithful of your beloved Church are known, not only in India, but throughout the whole world, for the “vigour” of their faith and piety. Your faith is of an ancient origin, as it is rooted in the witness to the point of martyrdom of Saint Thomas, the Apostle of India. You are all custodians and heirs of his apostolic preaching. You have had many challenges over the course of your long and difficult history, which has also seen some members of the faith commit unfortunate acts against you because of their insensitivity to the particular nature of your flourishing Church. Yet, you have remained faithful to the Successor of Peter. 

    And so it gives me great joy to welcome all of you and to confirm you in the glorious legacy that you have received and which you carry forward. You are obedient, and where obedience is present, there is the Church. Where there is disobedience, there is schism. You are obedient; this is one of your glorious attributes: obedience. I know this is not without suffering, but continue to press forward. (Obedience to the authentic teachings of the popes uncontested by other bishops, is a hallmark of Catholics, clergy and laity!)

    Your history is unique and precious, and it is a special heritage for all God’s holy people. And I take this opportunity to stress that Eastern traditions are indispensable treasures in the life of the Church. This is especially important to recall in a time like ours, which severs the roots connecting us to the past and measures everything based on what is useful and immediate. (If the pope would only say this to those who embraced Pope Benedict’s Summorum Pontificum and with gusto, rather than calling them backward looking and demanding that Latin Rite Catholics walk in lockstep with only what is useful and immediate by jettisoning the Latin Rite’s rich liturgical heritage!) This unfortunately can also include religious attitudes. The Christian East allows us to draw from ancient and ever new sources of spirituality; these become fresh springs that bring vitality to the Church. It is, therefore, good for me, as Bishop of Rome, to encourage you, the Syro-Malabar Catholic faithful, wherever you are, to cultivate the sense of belonging you have to your Church sui iuris, so that your great liturgical, theological, spiritual and cultural heritage may shine ever more brightly. (Again, if only Pope Francis could be humble enough to say this very same thing to those who were obedient to Pope Benedict’s Summorum Pontificum and what Pope Benedict told the entire Latin Rite Church about our liturgical heritage!)

     I also told His Beatitude to ask for jurisdiction with regard to all your migrants in so many parts of the Middle East. I said that they have to ask for jurisdiction in writing, but I have given it today and they can already exercise it. This has to be put in writing, but again, as of today, you can exercise it. I wish to help you, not supersede you, because the nature of your Church sui iuris empowers you not only to examine carefully the situations and challenges that you face, but also to take appropriate steps to address them, with responsibility and evangelical courage, remaining faithful to the guidance of the Major Archbishop and the Synod. This is what the Church wants, for apart from Peter, apart from the Major Archbishop, there is no Church.

    To this end, I have recently sent letters and a video message to the faithful, warning them of the dangerous temptation to focus on one detail, (i.e. celebrating their Liturgy in a novel way by facing the congregation rather than obedience to the now expected posture of ad orientem for the Liturgy of the Eucharist) and an unwillingness to let it go, even to the detriment of the good of the Church. It stems from a self-referentiality, which leads to listening to no other way of thinking but one’s own. In Spanish we call this self-referentiality “yo, me, mi, con migo, para mi”: “I, me, with me, for me, everything for me”. It is here that the devil, the divider, who truly exists, creeps in and thwarts the most heartfelt desire that the Lord expressed before dying for us: that we, his disciples, be “one” (Jn 17:21), without division and without breaking communion. For this reason, guarding unity is not a pious exhortation but a duty, and it is especially so when it concerns priests who have promised obedience and from whom the faithful expect the example of charity and meekness. (Pope Francis wants obedience to ad orientem since it is not only the Latin Rite’s rich liturgical heritage, but that too of the Eastern Rite, thus uniting both rites in celebrating the Divine Liturgy in the same direction!!!!)

    Your Beatitude, let us work with determination to protect communion and pray tirelessly that our brothers and sisters, tempted by a worldliness that leads to rigidity and division, may realize that they are part of a larger family that loves them and waits for them. Like the Father in the parable of the prodigal son, let us leave the doors open and our hearts open so that, once they have repented, they will not find it difficult to re-enter (cf. Evangelii gaudium, 46): we are waiting for them. Let us meet and discuss without fear, this is fine, but above all, let us pray, so that the light of the Spirit, which reconciles differences and brings tensions back into unity, may resolve disputes. There is one certainty: pride, recriminations and envy do not come from the Lord and never lead to concord and peace. Showing a grave lack of respect for the Blessed Sacrament – the Sacrament of charity and unity – by arguing about the details of how to celebrate the Eucharist, the pinnacle of his presence among us, is incompatible with the Christian faith. The guiding criterion, the truly spiritual one that derives from the Holy Spirit, is communion: this requires us to do a self-examination of our dedication to unity and our faithful, humble, respectful and obedient care for the gifts we have received. (Yes, the liturgical progressives in the Syro Malabar rite, have caused violence and chaos and sacrilege as well as vandalism due to their rigid opposition to ad orientem for the Liturgy of the Eucharist and closed mindedness to both rite liturgical past much like what the progressive left has done in the Latin Rite, but aided and abetted by Rome and modernist liturgists!)

    I would like to say to everyone, in moments of difficulty and crisis, do not be overcome by discouragement or a sense of helplessness in the face of problems. Brothers and sisters, let us not extinguish hope, grow weary of patience, or close ourselves off to prejudices that fuel animosities. Rather, let us think about the vast horizon of the mission that the Lord has entrusted to us, the mission to be a sign of his loving presence in the world, and not a scandal to those who do not believe! When making decisions, let us think of the poor and the estranged, those on the peripheries, in India and the diaspora, and those in an existential crisis. Let us also be mindful of those who are suffering and waiting for signs of hope and consolation. I know that the lives of Christians in many places are difficult, but the difference is that we Christians respond to evil with good and we work tirelessly with all believers for the good of humanity. (Pope Francis could say this to those suffering due to their fidelity to Summorum Ponticum and renewal in continuity which is derided and mocked by the progressive liberals of the Latin Rite Church.)

    I would like to thank you for your Church’s commitment in the areas of family formation and catechesis, and I support your pastoral work aimed at youth and vocations. I am close to you in prayer and carry you in my heart every day. Please also take my encouragement to your brothers and sisters.

    Together we look to Jesus, crucified and risen, who loves us and makes us one, who wants us united as one family around one altar. Like the Apostle Thomas, let us look at his wounds. They are still visible today on the bodies of the hungry, thirsty and discarded, those in prisons, hospitals and on the streets. As we touch these brothers and sisters with tenderness, we welcome the living God in our midst. Like St. Thomas, we look at the wounds of Jesus, which had stunned the disciples and could have thrown them into a hopeless guilt, and see that it is from those wounds the Lord made channels of forgiveness and mercy. A big heart, always a big heart! What amazement must have seized the Apostle Thomas as he contemplated them and saw his doubts and fears vanish before the greatness of God! It is an amazement that generates hope, an amazement that prompted him to go out, to cross new borders and to become your father in faith. Let us cultivate this amazement of faith, which enables us to overcome every obstacle!

    And you, dear faithful of the Syro-Malabar community in Rome, descendants of the Apostle Thomas in the city of Peter and Paul, have a special role to play. From this Church, which presides over the universal communion of charity (cfr. Saint Ignatius of Antioch, Letter to the Romans), you are called to pray and cooperate in a special way for unity within your Church, not only in Kerala but also throughout India and the whole world. Kerala is a treasure-trove of vocations! Let us pray that it will continue to be so.

    Your Beatitude, thank you for this fraternal visit; I am pleased by it. Dear brothers and sisters, from the bottom of my heart I bless you and entrust you to the Virgin Mary, Saint Thomas the Apostle and your saints and martyrs; and I ask you, please do not forget to pray for me. Thank you, thank you very much!

    Francis,

    Bishop of Rome

    Patriarch of the West

  27. Site: Zero Hedge
    4 days 23 hours ago
    Author: Tyler Durden
    "There's A Lag In The Real Economy... And It's Hitting Now" - Ed Dowd Warns Of "Huge Credit Crisis Coming"

    Via Greg Hunter’s USAWatchdog.com,

    Former Wall Street money manager Ed Dowd is a skillful financial analyst.  Even though he has a wildly popular book on CV19 vax deaths and injuries called “Cause Unknown,” he is now turning his attention back to the economy. 

    Dowd warns the economy can fall out of bed at any time.  Dowd explains, “What’s coming up next is a credit cycle..."

    "We are going to see commercial real estate go into problem mode.  There are a lot of loans that need to be rolled over in 2024 and 25.  A lot of these properties are down 80%...

    There is huge credit risk coming.  The prediction of bank failures is accurate.  We are going to see, over the next 12 to 24 months, banks go belly-up.  Then, they will have to get merged with bigger banks.”

    What happens to the Biden economy?  Dowd says,

    “The economy is going to take a nosedive sometime in the next 12 months.  The real economy is not doing well...

    The only thing that has been holding up the GDP growth is government spending. 

    We are spending $1 trillion every 100 days.  That’s adding $1 trillion to the deficit. 

    The only job creation is government jobs, and they don’t actually add to the economy...

    Reports are coming out now that the low-income consumer is getting absolutely hammered.  McDonald’s talked about it in their most recent earnings call...

    So, low-income and the middle-class are getting squeezed while the rich continue to plug along.”

    Dowd told me off camera that the economy could get into trouble without warning.  Dowd explains,

    “You’ve got to look at history.  In 2008 and 2009, everyone talks about the crisis, but bank failures started showing up in 2007...

    I suspect as we roll through time in the real economy and the money supply issues start to hit the economy, we will see more bank failures and more businesses shut down. 

    46% of small businesses are having problems paying their rent.   There is going to come a time in the next 6 to 12 months this huge shock that we saw in the 2008 financial crisis, and the 2000 bubble where massive layoffs start to happen–it’s inevitable. 

    This is what happens when you crank up interest rates from 0% to 5.5%.  There is a lag in the real economy, and it’s hitting right now.  It’s only going to intensify as time goes on.

    Dowd likes gold as a core asset.  He also thinks the dollar has a way to go before it tanks, but it will tank someday. 

    Dowd also thinks that the CV19 bioweapon shot pushers are trying to change the narrative to admit “some deaths” happened, but the amount is small.  Dowd calls BS on that, and he thinks the death and injuries are at least 33 million in the USA alone. 

    According to Dowd’s research, the CV19 vax was a criminal enterprise that murdered and seriously harmed millions.  Dowd thinks the deaths and injuries from the CV19 vax are going to get worse.  Dowd thinks Johns Hopkins and the rest of the medical community are trying to change the narrative, so they don’t get blamed for pushing a massive death and disability CV19 vax program.

    There is much more in the 53-minute interview.

    Join Greg Hunter of USAWatchdog.com as he goes One-on-One with money manager and investment expert Ed Dowd, author of the recently updated book called “Cause Unknown: The Epidemic of Sudden Deaths in 2021, 2022 and 2023” for 5.11.24.

    *  *  *

    To Donate to USAWatchdog.com Click Here

    You can order Dowd’s newly updated book called “Cause Unknown” by clicking here. If you want to go to Dowd’s website called PhinanceTechnologies.com, click here.

    Tyler Durden Mon, 05/13/2024 - 14:40
  28. Site: RT - News
    4 days 23 hours ago
    Author: RT

    Opponents of new law say it will turn pimps into state-sanctioned ‘managers’

    A new labor law concerning Belgian sex workers will allow a pimp to demand that the government mediate in cases where a prostitute refuses sex with clients too frequently. Anti-prostitution activists say that the law will allow prostitutes’ managers to “further entrench and maintain their power.”

    Passed earlier this month, the law allows sex workers to obtain employment contracts from their pimps. These contracts classify prostitutes as hospitality employees and entitle them to health insurance, pensions, unemployment benefits, holidays and maternity leave.

    Pimps must be licensed by the government to issue employment contracts, and must allow prostitutes to refuse or to stop sex with clients for any reason. However, if a prostitute refuses or stops sex more than ten times over six months, their pimp can open a labor dispute and involve a government mediator.

    Belgium decriminalized sex work in 2022, allowing prostitutes to work as freelancers. However, employing a sex worker under contract remained a criminal offense, meaning that agreements between pimps and prostitutes existed in a legal gray area and contained no legally-binding protections for the prostitute.

    Read more General view of Red Light District on December 10, 2022 in Amsterdam, Netherlands Amsterdam plans to move ‘red light district’

    UTSOPI, a trade union for sex workers in Belgium, hailed the new law. “Without a labor law, sex workers would still be legally discriminated against,” UTSOPI spokesman Daan Bauwens said in a statement. “That is now over.”

    “We hope that other countries will copy this text, as they did on topics such as same-sex marriage, abortion, euthanasia and transgender rights,” Bauwens added. 

    However, anti-exploitation activist Andrea Heinz argued that the new model simply allows pimps to “become ‘managers’ with the backing of the state to further entrench and maintain their power.”

    “Pimps see women they sell as products, not people deserving of full dignity and respect,” Heinz wrote on X (formerly Twitter). “And ‘government mediator’...Wtf is that? Someone to mediate pimp-victim ‘contracts’, ie. gently encourage women to get back in the brothel bed when they are ‘not fulfilling their [sexual] obligations?’”

    According to official estimates from 2022, there are around 3,000 sex workers active in Belgium. However, some studies put that number at ten times higher. The Belgian Federal Police claimed in 2015 that around 26,000 women were working as prostitutes, and that 80% of them were being exploited by trafficking gangs from Bulgaria, Romania, Spain, Portugal, Hungary and Nigeria, among other countries.

     

  29. Site: RT - News
    4 days 23 hours ago
    Author: RT

    Former Kazakh cabinet member Kuandyk Bishimbayev was found guilty of the torture and murder of his 31-year-old spouse

    A court in Kazakhstan on Monday sentenced a former cabinet minister to 24 years in prison for brutally beating his wife to death. Kuandyk Bishimbayev, 44, was found guilty of the torture and murder of 31-year-old Saltanat Nukenova.

    The shocking murder took place in early November last year at a restaurant in the country’s capital Astana, where the two had apparently met to resolve their problems before the intoxicated Bishimbayev murdered the woman.

    Evidence presented to the court suggested that Nukenova had tried to leave her husband multiple times, claiming that he beat her on several occasions.

    CCTV footage played during the trial reportedly showed Bishimbayev repeatedly punching and kicking his wife, and dragging her into a room by her hair while nearly naked. The CCTV footage, which the former minister tried to destroy, was reportedly so graphic that members of the jury were driven to tears while watching it.

    Videos were also found on Bishimbayev’s mobile phone showing him humiliating and insulting his visibly bruised wife in the final hours before her death.

    During the trial, Bishimbayev admitted to beating his wife, but denied torturing or planning to murder her. He also claimed that some of her injuries were self-inflicted.

    Members of Kazakhstan diaspora and supporters hold banners while attending 'Justice for Saltanat' rally at the Main Square in Krakow, Poland on April 21, 2024. © Getty Images / NurPhoto / Contributor

    The murder sparked vocal public condemnation and helped build support for a recently passed law criminalizing domestic violence.

    Bishimbayev was ultimately convicted of “murder with special cruelty” and “torture,” but the prison term he received was less than the life sentence that his wife’s family had demanded. He reportedly gasped ‘why’ as the verdict was read by the judge.

    The politician’s cousin, Bakytzhan Baizhanov, was jailed for four years for helping him cover up the crime.

    Bishimbayev served as Kazakhstan’s economy minister from May-December 2016 under the country’s then-president Nursultan Nazarbayev, with whom he reportedly had a close relationship.

    He was previously sentenced to ten years in prison on corruption charges in 2018 before being pardoned by Nazarbayev after serving less than two years.

    Current Kazakh President Kassym-Jomart Tokayev, who replaced Nazarbayev five years ago, has criminalized domestic violence; last month he enacted new laws which protect women and children.

  30. Site: Novus Motus Liturgicus
    4 days 23 hours ago
    Julian of Norwich was a medieval anchoress who wrote two extraordinary books about sixteen visions of Christ granted to her when she was thirty years old, in 1373. Though she was never beatified or even widely venerated, she is informally honored on May 13th, the approximate date when she was healed from the grave illness that prompted her mystical experiences. It is characteristic of Julian’s Robert Keimhttp://www.blogger.com/profile/02834375772428838593noreply@blogger.com0
  31. Site: Zero Hedge
    4 days 23 hours ago
    Author: Tyler Durden
    With "Exceptionalism" Like This, Who Needs Enemies?

    Authored by Peter Tchir via Academy Securities,

    Last weekend we suggested that “I Like My Exceptionalism to Be Exceptional” and highlighted data that was anything but exceptional. As the Citi Economic Surprise Index continues to fall, and CONsumer CONfidence showed anything but confidence, it seemed like a good idea to add to last weekend’s theme.

    More on “Exceptionalism” In Jobs

    Let’s start with “full-time” jobs. Full and part-time jobs come from the “Household” part of the NFP data. From my perspective, full-time jobs are more important than part-time jobs. There are certainly other views on the matter, but I prefer full-time jobs.

    I find a few things “interesting” on this chart (and by interesting, I mean less than exceptional).

    • Depending on the time horizon, we are below trend growth in full-time jobs (this time horizon captures that).

    • We had a strong post-COVID rebound, and by March 2022 we had created 832k more full-time jobs than we had prior to the pandemic. In the over 2 years since then we have added 1.4 million full-time jobs. That is 56k per month – hardly “exceptional.”

    • The high level was 134.8 million in June of 2023. That dropped to 132.9 million as of March 2024. So, in a 9-month window, where “exceptionalism” was the story, the Household Survey (which admittedly was nowhere near as strong as the Establishment Survey) showed a loss of almost 2 million full-time jobs! Last month’s Household report showed a big gain of almost 1 million full-time jobs, making the data look less bad. One can wonder (and I often do) why we even bother collecting the Household data if it is not taken seriously? Or maybe it should be?

    Maybe this is one reason why the “perception” of the economy isn’t as good as the data suggests? Because we pick and choose which data people should pay attention to, that is distorting the reality of the economy most people face.

    Now let’s look at the CES Net Birth-Death Model. You know the movie where they say, “you had me at hello?” Well, this “explainer” loses me at about the 2nd line. Maybe I should struggle through more carefully and try to build my own model. Many I am sure have, but I’m not sure if I could, and I definitely don’t care enough to do it. So, with that as a caveat, I often wonder about the impact this has on jobs and how accurate it really is. Maybe it is the awkward name which scares me (seriously, birth-death is the best name someone could come up with for this important component of NFP?).

    Since January 2021, the Establishment Survey says we have added 8.5 million jobs, of which 3 million were generated from the birth/death model. Seems reasonable that this “plug” or calculation is about 35%.

    In the past year (April 2023 to April 2024), 53% of the jobs created can be attributed to this model. 1.6 million of the 3.1 million jobs created (according to the Establishment Survey). Presumably, this data is correct, yet maybe this explains why there is a difference between the perception of the economy on many fronts, and what Wall Street touts as the “actual” data. Maybe some portion of these “estimated” jobs aren’t really jobs?

    I am not sure which data series is “correct“ or which “calculations” we should place more faith in. Yes, according to the BLS, the margin for error is materially higher in the Household Survey than the Establishment Survey, but both are quite high relative to the “precision” with which the data is presented.

    CONsumer CONfidence “Exceptionalism”

    I’m not sure in which direction this weekend’s report would have gone had it not been for Friday’s University of Michigan report. Given the ongoing glut of weaker than expected data, and a lot of feedback on last weekend’s piece, I probably would have done the same report. But CONsumer CONfidence solidified the direction we had to go. For those of you who read the T-Report regularly, you know that I am suspicious of the validity of the CONsumer CONfidence survey (hence the double CON). But apparently the devil can quote scripture for his or her own purposes, so why can’t I?

    Confidence plunged to 67 from 77 and had one of the biggest misses versus expectations of all time. Current conditions and future conditions didn’t matter – it was bad across the board. Inflation expectations (which the Fed pays attention to) seem to be “less anchored” than they were as the one- year inflation expectation jumped to 3.5% from 3.2% (the highest since November). The 10-year crept back to 3.1%. It had gotten to 3.2% in November, but other than that one print, this is tied as the highest longer-term inflation measure since this whole mess began!

    I promised myself I wouldn’t use the word stagflation, since that is nowhere close to my base case, but it is increasingly difficult to dismiss the possibility. So maybe I will just say Stag and Flation and leave it at that as a way to hint that it is creeping into my scenario analysis without quite getting there.

    But I digress, the one chart I want to show is the sentiment for Democrats.

    University of Michigan provides the data broken down by party affiliation. I have no idea how useful that is in reality, but it is curious. There is almost always a better perception by those whose party is in charge. Any time we dip below the black line on this chart, we should be worried because that is lower than confidence was when Trump was president. We are not there yet, but it has declined to the lowest level in a year. The decline was so rapid that it raised eyebrows. Prior declines could easily be linked to COVID or to the Fed starting to unwind easy money. This one is less easy to pinpoint, especially with the cacophony of “exceptionalism” that I’m taking more notice of than I usually would.

    For what it is worth, I believe the University of Michigan itself published something to the effect that they double checked the data and confirmed that it is statistically significant.

    Maybe I’m just the devil quoting scripture for my own purposes, but this report (which I often dismiss) is at least somewhat troubling and doesn’t do much for the “exceptionalism.”

    The Exceptional “Doctor Copper”

    We are seeing the price of many commodities increase. I will highlight “Doctor Copper” as it is one of the strongest charts and is normally associated with global economic growth.

    IF the rule of thumb holds, then an acceleration of copper should be indicative of increased global activity, which should benefit everyone. Let’s start with what we know:

    Copper (along with other raw materials) is rising in price again, potentially sparking another round of inflation fears as commodity price increases are likely to impact either prices or margins – neither particularly appealing for markets. Let’s think about what could be driving this.

    • A shift in what the world is consuming (maybe it is data) which is creating unusually large demand for specific resources. Seems plausible and would indicate some sectors should do well, but the rise in these commodities doesn’t herald a new age of global growth.

    • A shift in who is consuming. India has certainly been a massive beneficiary of the shift away from manufacturing in China. I’ve posited that any real risk of a commodity inflation bubble, like we saw in the mid-2000s, would be a result of India’s rise and economic empowerment there. Could this be yet another sign of India’s growth and their need for raw materials? l like that idea, as it supports my India growth story and commodity price risk views, but it is mere conjecture (wishful thinking, even) on my part at this stage. My argument is that even if this is a part of the move, it will benefit India and not the globe.

    • China finally rebounding? That is possible. It is difficult for any economy, especially one being propped up by the government, to do worse month after month. At some point there will be a rebound. Here, I would argue vehemently that a rise in commodity prices due to increased manufacturing in China is not good for many companies. It will inflate prices for components, and I’m increasingly convinced that our The Threat of Made By China 2025 understates the risk due to competition with Chinese brands.

    Rising commodity prices are unlikely to be helpful from an inflation standpoint. They may be contributing to the inflation expectations in the University of Michigan Survey. What remains to be seen is are they reflective of an improving global landscape, or are they more tied to a theme that is unlikely to benefit domestic companies as much as in the past? It will be very interesting to see how this plays out, and I’m definitely in “trying to figure it out” mode, rather than having high conviction in how it fits my theory.

    Tariff Exceptionalism

    It looks like we are headed down the path of increasing tariffs. Since 2018, I was largely in support of tariffs, and I probably need to remain supportive. Back in 2018, many argued that the tariffs were going to “Start a Trade War.” My main argument in favor had been that “we’ve been in a trade war for two decades, where only 1 side fired shots.” I did miss how quickly and efficiently China would move into Mexico (as one example) to mitigate the impacts of tariffs.

    But since this entire report is a backhanded “compliment” to “exceptionalism” I only want to point out the absurdity of solar panels.

    • At one time the U.S. was one of the largest manufacturers of solar panels.

    • The production of solar panels, for a variety of reasons, shifted to China. While cost was clearly one reason, I suspect that the “ungreen” nature of making solar panels contributed to that shift as many nations seemed to be in the “if we don’t see it, it didn’t happen” mode of thinking in terms of production that wasn’t green. China was quick to fill that market need.

    • At the same time, or in parallel, we have pushed and legislated for the need to use sustainable energy, such as solar. We’ve created subsidies and rules to increase demand for solar panels.

    • Now, as we need more and more energy (anything from data centers to EVs has been adding to demands on our electric grids), we will put tariffs on Chinese made solar panels. This increases the cost, potentially substantially, on something public policy is driving us towards.

    It really hurts my head that over the past few decades (there is no single administration to blame), we have failed to tie together industrial policy, economic policy, and environmental policy.

    Not that “free markets” were ever free, but maybe there is a lesson in here somewhere. Though, as much as I’d like that lesson to be that laissez-faire works, I suspect the lesson would be that more control works better, c’est la vie.

    In any case, the trade war is ramping up. While the fight is between China and the U.S. (with countries like Germany weighing in), the battleground will likely be in markets across the globe, and I remain afraid that we are far less prepared for that than the market is currently pricing in!

    Bottom Line

    Lower yields. I still like 4.3% to 4.5% on 10s and am pricing in two cuts this year. I am convinced that the economic data will show signs of further weakness. What I am less convinced of, and need to reevaluate, is whether inflation can come down, or whether we’ve bottomed and are heading higher? I don’t like the notion of stagflation as a concept, but it has popped up on my radar screen. So, while I still think yields will drop, I have less conviction. If we get a drop in CPI, which seems plausible, I would probably look to fade any bond market rally on that. 

    What do lower yields mean for stocks? I think we are near the end of the lower yields/Fed Put rally that has helped stocks creep higher on anemic volumes. Last week we argued that the market might “gap” from “no landing” to some form of “bumpy landing” and I think that is in the midst of occurring, which won’t support risk assets. I still prefer China and think India as an investment will continue to outperform (I think I’ve been more focused on China as it fed my “contrarianism” more than India).

    Credit. Boring. Still prefer to reduce exposure to the riskiest credits but think credit will remain “boring” relative to rates or stocks.

    Hope you all had a truly exceptional Happy Mother’s Day and enjoyed time with your family!

    Now, we can get back to worrying about how “exceptional” or not the economy is!

    Tyler Durden Mon, 05/13/2024 - 14:00
  32. Site: Zero Hedge
    4 days 23 hours ago
    Author: Tyler Durden
    At Least 360,000 Flee Rafah As Israel Touts 'Precision Operation' Against Biden Criticism

    An estimated 360,000 Gazans have fled the southern city of Rafah as the Israel Defense Forces concentrate a ground operation on the eastern half of the city, the main UN aid agency UNRWA says. This figure is likely to grow higher by the day as IDF tanks and ground units press forward.

    The official Palestinian death toll, issued by the Hamas-run Health Ministry, has surpassed 35,000 - tallied at 35,091 Gazans killed and other 78,827 wounded since Oct.7. The last 24 hours of fighting has seen 57 killed and 82 injured, according to the figures.

    Anadolu Agency

    Gaza's health system is "hours away" from collapse, the health ministry has told international aid groups and news outlets, due primarily to fuel shipments being not getting into the Strip amid fighting. Hospitals and clinics rely on generators to operate.

    "We are just hours away from the collapse of the health system in the Gaza Strip due to the lack of the necessary fuel to operate generators in hospitals, ambulances, and (for vehicles to) transport staff," the Gaza health ministry said.

    Israel has said that over the weekend it had transferred a large quantity of fuel into the Strip in order to ease the humanitarian crisis.

    Ongoing pressure to minimize civilian death from the Biden administration has resulted in the Israeli side claiming it is engaged in a 'limited' ground offensive. So far the IDF appears to have cut Rafah in half and is focused on actions in the east. Specific sectors of the cities have been ordered to be evacuated, with tens of thousands of flyers having been dropped from aircraft.

    In a Sunday night phone call Defense Minister Yoav Gallant sought to defend the operation, telling US Secretary of State Antony Blinken that Israel is undertaking a 'precise operation'.

    The readout says Gallant conveyed to the US top diplomat "developments in Gaza, including IDF operations across the Strip in the face of terror hotspots, and the precise operation in the Rafah area against remaining Hamas battalions, while securing the crossing."

    "The minister expressed his appreciation to Secretary Blinken for the ongoing support provided by the US administration for Israel’s security," the readout added.

    Israel “Likely” Used U.S-Supplied Weapons in Violation of International Law. That’s OK, Though, State Department Says https://t.co/SMFRB593zC by @ShawnMusgrave, @prem_thakker https://t.co/SMFRB593zC

    — The Intercept (@theintercept) May 10, 2024

    Blinken reportedly again conveyed the US stance which stands against a major operation in Rafah. The White House has warned it could withhold future offensive weapons from Israel, but so far it seems a mere one shipment has been confirmed as on pause.

    Meanwhile major IDF operations have restarted in the north too, with Reuters describing: Israeli forces pushed deep into the ruins of Gaza's northern edge to recapture an area where they had claimed to have defeated Hamas months ago, while at the opposite end of the enclave tanks and troops pushed across a highway into Rafah. Hundreds of thousands of Palestinians have again taken flight.

    * * *

    Israel settlers have continued to attack humanitarian aid shipments entering the Strip from Israel...

    Israeli right wing activists blocked aid trucks which were on their way to Gaza today at the Tarqumiya crossing in the West Bank pic.twitter.com/fUd3ywuDbr

    — Barak Ravid (@BarakRavid) May 13, 2024
    Tyler Durden Mon, 05/13/2024 - 13:45
  33. Site: LifeNews
    5 days 3 min ago
    Author: Charlotte Lozier Institute

    A new peer-reviewed article highlights major flaws in the data used by the U.S. Food and Drug Administration (FDA) to remove medical safeguards and in-person administering of abortion drugs. These flaws illustrate the ongoing problem of lack of quality abortion reporting data in the U.S. as well as in the United Kingdom.

    In April 2021, the FDA removed mifepristone’s in-person requirements, temporarily allowing remote access to abortion drugs during the COVID-19 pandemic, later making these changes permanent in December 2021. The FDA identified four studies used to justify this decision.  The article’s authors highlight multiple flaws and limitations of the U.S. and U.K. data, including:

    • The FDA claimed there were only a small number of reported adverse events from abortion drugs in 2020. However, the FDA removed the requirement for abortion drug prescribers to report non-lethal complications in 2016
    • Three of the studies relied on by the FDA, in general, did not replicate the conditions of use the FDA approved. In any case, they showed considerable rates of failures requiring surgery, as well as many women lost to follow-up with unknown outcomes.  
    • The fourth study, by Texas pro-abortion researcher Abigail Aiken which reported 99.2% effectiveness in “telemedicine” abortions, relied on a U.K. reporting system that was frequently unaware of abortion drug complications.   
    • When considering higher quality data which more accurately identifies abortion drug complications in the U.K., there were at least five to ten times as many complications as initially reported – and likely many more.  

    The study notes that women risk serious complications by taking abortion drugs without in-person medical exams. These include (but are not limited to):

    • An inability to perform ultrasounds to screen for complications, such as ectopic pregnancy, which cannot be treated by abortion drugs 
    • An underestimation of the baby’s gestational age, which will lead to more failed-abortion complications 
    • An inability to screen pregnant women or girls for coercion and abuse by a partner, family member, or human trafficker 

    Follow LifeNews.com on Instagram for pro-life pictures and videos.

    Due to these safety concerns, even leading pro-abortion groups in the U.K., including the Royal College of Paediatrics and Child Health and the National Network of Designated Healthcare Professionals for Children, opposed mail-order abortion drugs, and the U.K. government subsequently sought to ban them. But that was later overruled by a parliamentary vote.

    Dr. Calum Miller, research fellow at the University of Oxford, and Dr. Ingrid Skop, a board-certified OB-GYN who serves as vice president and director of medical affairs at Charlotte Lozier Institute, co-authors of the article, added:

    “The FDA must follow the science by considering the highest quality studies examining the safety of abortion drugs, and they must follow the laws regulating their actions. They have done neither in their approval and subsequent loosening of safeguards surrounding mifepristone and misoprostol abortions. The FDA must protect the health and safety of women and girls by reinstating critical safeguards and be held accountable to the American people.”

    The FDA is currently facing intense scrutiny in the FDA v. Alliance for Hippocratic Medicine Supreme Court case, a landmark case in which a group of doctors challenged the FDA’s reckless approval of mail-order abortion drugs. A decision is expected in June.

    The post New Study Reveals FDA Relied on Cherrypicked Data to Approve Dangerous Mail-Order Abortion Drugs appeared first on LifeNews.com.

  34. Site: Zero Hedge
    5 days 19 min ago
    Author: Tyler Durden
    Biden Calls Illegals Crossing The Border "Hispanic Voters"

    Authored by Steve Watson via Modernity.news,

    In a telling slip of the tongue earlier this week, Joe Biden referred to the unprecedented rise in illegal immigrants entering the US as an “influx” of “Hispanic voters.”

    During an interview with a Spanish radio show, Biden was talking about the border crisis, and stated “It’s even a bigger influx now in terms of Hispanic voters, or Hispanic – Hispanic citizens, who want to become citizens.”

    Listen:

    In a telling slip of the tongue earlier this week, Joe Biden referred to the unprecedented rise in illegal immigrants entering the US as an "influx" of "Hispanic voters." Full report here: https://t.co/FYpTpE1j1m pic.twitter.com/ybcjVggVih

    — m o d e r n i t y (@ModernityNews) May 11, 2024

    ILLEGAL ALIENS! Looks like Dementia Joe had a Freudian slip. He told the truth. Extremely rare for him.

    — Joe Blow (@srv2000) May 10, 2024

    This was always the plan.

    — RingoTyler (@PKLakeDog21) May 10, 2024

    Biden also ludicrously compared mass illegal immigration at the border to Irish people coming to America in the 1840s.

    He said it’s “a little bit like back in the 1840s and the great exodus of Ireland, because of the famine and the way Irish Catholics were treated. They said no, no, we don’t need any more of those folks. There was a large influx.” 

    Except the Irish weren't involved in human trafficking, drug smuggling, and corruption.

    — Tim Shorts (@TimShortsBBQ) May 10, 2024

    The difference is the Irish came her LEGALLY!

    — ML (@mlvercle) May 10, 2024

    “The Hispanic community is part of the future of America,” Biden further stated, adding “Twenty-eight out of every 100 students in school speak Spanish, the idea that you’re gonna ignore that? That’s our future.”

    He then repeated the claim that the economy is “good” because of mass illegal immigration, and suggested anyone who disagrees is xenophobic.

    “One of the reasons that we’re growing so much is we have a significant influx of immigrants coming into our country, only reason our economy’s so good. We’re not a xenophobic nation. Other nations are, we’re not, that’s why our economy is the best in the world,” he claimed.

    As we highlighted yesterday, amid the unprecedented explosion in illegals entering the US, there has been a six thousand plus percent increase in Chinese nationals being encountered at the border, with over 1000 being apprehended in just the past week.

    *  *  *

    Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

    Tyler Durden Mon, 05/13/2024 - 13:25
  35. Site: LifeNews
    5 days 38 min ago
    Author: Steven Ertelt

    While there are millions of moms deserving of praise, since it is Mother’s Day, I’d like to write about my favorite one, mine. Like all children, I know my mom isn’t perfect, but like most children, if you asked me to describe my mom’s flaws, I couldn’t think of one.

    After marrying my dad, my mom gave up a promising career as dean of students at a local community college to be a fulltime mom. My sister Marita’s birth was difficult, and doctors had to work hard to save both my sister’s life and my mom’s. After both their conditions stabilized, my dad introduced my sister to my mom saying, “We have been blessed with an angel.”

    Marita has a rare genetic disorder that causes multiple physical and intellectual disabilities. Because her condition is genetic, shortly after she was born a doctor advised my parents to pursue pre-natal testing for future children. Any “problems” he said, would just be “taken care of.” My parents — who believe all life is sacred from the moment of fertilization and were completely in love with their new baby girl — found a new doctor.

    Still, my parents proceeded with caution. My mom’s sudden platelet drop during labor almost ended her life, and the condition left my parents wondering if more biological children were part of God’s plan for their future. But, after briefly pursuing adoption, my mom’s health returned, and she soon became pregnant with my brother.

    Follow LifeNews.com on Instagram for pro-life pictures and videos.

    Once again, the pregnancy proved challenging, and while doctors were able to ensure a safe labor and delivery using steroids, after my brother’s birth, they advised my parents that it would be risky for my mom to become pregnant again.

    So, my parents used natural family planning (NFP) to avoid pregnancy, but God had other plans. After four years when, thankfully, her health improved, my mom unexpectedly learned she was pregnant with me. As she recounts the story, she told my dad they were having another baby and asked, “Do you think I’ll be okay?” He responded, “Yes. All we have to do is trust.” Despite her history of pregnancy complications and fears for her health, my mom knew that killing her unborn baby — me — wasn’t the answer. Today, my husband, children, and I are beyond grateful for her courage.

    My mom’s commitment to caring for unborn life was nothing short of heroic, but her respect for the dignity of every person didn’t start with a positive pregnancy test, and it didn’t end in the delivery room.

    Every day of her life she has modeled upholding the dignity of others. Whether serving herself last at dinner, caring for my sister, washing and ironing clothes at all hours of the night, or taking a “break” by volunteering at the pregnancy resource center — my mom’s life has always revolved around those she loves and those who are in need. Perhaps the most beautiful thing about my mom is that as she lives a life of total sacrifice for others, she does so with joy.

    My mom’s witness challenges the narrative that women need abortion to be happy, to preserve their health, and to prevent suffering. Her life presents the alternative path of pouring yourself out completely for others and finding your life filled in return. She could have chosen her career, her health, or eugenics, but my mom chose something different, something better. Love.

    While my mom’s story is unique, her self-sacrificial love for her children, which reflects the sacrificial love Christ has for each of us, is the hallmark of motherhood. This Mother’s Day, let’s give thanks to every mom for the sacrifices she has made, both large and small.

    To those moms who have lost a child though abortion, there is forgiveness, hope, and healing.

    To all those who have lost a child through miscarriage or death, and to those hoping to one day be a mom, you are in my prayers.

    And to those moms who are pregnant and considering an abortion, the future may look frightening, but there are people ready and willing to help. Be like my mom. Choose love! Choose life!

    LifeNews Note: Mary Szoch is the Director of the Center for Human Dignity at Family Research Council. This column originally appeared at Washington Stand.

    The post Be Grateful for Moms Like Mine Who Chose Life appeared first on LifeNews.com.

  36. Site: Zero Hedge
    5 days 39 min ago
    Author: Tyler Durden
    Melinda Gates Abruptly Quits Bill & Melinda Gates Foundation

    Melinda Gates revealed on X that she is resigning as co-chair of the Bill & Melinda Gates Foundation, with her final day being June 7.

    "After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation.

    My last day of work at the foundation will be June 7th."

    She plans to focus on her own philanthropic efforts, supported by a $12.5 billion grant.

    Gates said:

    She continued:

    Gates explained more about her new chapter in life: 

    Let's examine the Bill & Melinda Gates Foundation in depth.

    Here, data from the research firm Sayari shows its complexity. 

    Source: Sayari

    Back to Bill and Melinda, they divorced in 2021 after a 27-year marriage

    Melinda ends her goodbye letter by saying she'll explain more about her new philanthropic efforts at a later date. 

    Why the sudden split, Melinda? 

    Microsoft Co-Founder Bill Gates and Melinda Gates are splitting up

    Could this split have anything to do with Bill’s relationship with Epstein? https://t.co/DRNXO6wtis

    — JC Oviedo (@JCOviedo6) May 3, 2021

    Hmm. 

    Tyler Durden Mon, 05/13/2024 - 13:05
  37. Site: AsiaNews.it
    5 days 46 min ago
    Zhang Zhan, 40, was a leading human rights advocate in Shanghai. The Christian woman was supposed to be freed today after four years in prison, but her fate remains unknown while her family has been forced into silence. Activist groups following her case fear that, as in other cases, she might be detained under a different form.
  38. Site: The Remnant Newspaper - Remnant Articles
    5 days 57 min ago
    Author: robert.t.morrison@gmail.com (Robert Morrison | Remnant Columnist)
    “For you know, venerable brothers, that these bitter enemies of the Christian name, are carried wretchedly along by some blind momentum of their mad impiety; they go so far in their rash imagining as to teach without blushing, openly and publicly, daring and unheard-of doctrines, thereby uttering blasphemies against God. They teach that the most holy mysteries of our religion are fictions of human invention, and that the teaching of the Catholic Church is opposed to the good and the prerogatives of human society.” (Blessed Pope Pius IX, Qui Pluribus)
  39. Site: Catholic Conclave
    5 days 58 min ago
    The Rupnik scandal, a reality of manipulation that directly affects the Pope's governance.It is a very particular case, in Bergoglio's pontificate, the abuse scandal for which soon the former Jesuit - but still a priest - Marko Rupnik should be brought before a canonical tribunal. A particular case because it is not a bishop or a priest who committed his crimes in a distant country who knows Catholic Conclavehttp://www.blogger.com/profile/06227218883606585321noreply@blogger.com0
  40. Site: Zero Hedge
    5 days 59 min ago
    Author: Tyler Durden
    Why The Establishment Fears A Trump-Led Fed

    Via SchiffGold.com,

    While in office, Trump blamed the Fed for tightening monetary policy.

    Now members of Trump’s team allegedly plan to give a re-elected Trump more power over the Fed, igniting panic from mainstream economists about a politicized Fed.

    Our guest commentator explains why the real risk, from the establishment’s perspective, is not that Trump will turn the Fed into a political organization but that he will expose that it already is one.

    The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.

    Discourse about the Federal Reserve is frequently full of myths, dishonest framing, and outright lies. Listen to a press conference by Chairman Jerome Powell or read an article from a major outlet’s lead Fed correspondent and you’re bound to hear at least a few. For instance, it’s common for the financial press to characterize the Fed’s current conundrum as “walking a tightrope.”

    It’s said that the Fed is working to guide the economy along without tipping it over into either high inflation on one side or a recession on the other.

    The last couple years, we’re told, saw the economy wobble too far toward the inflation side, with the Fed now attempting to pull the economy back to the thin line of stability without tipping over too far and plunging into a recession.

    But anybody who actually understands what causes recessions can tell that this framing is, at best, incredibly misleading. The Fed doesn’t prevent recessions, it directly causes them.

    These days the tightrope analogy contributes to the myth that, while difficult, a recession is possible to avoid. It isn’t. All the Fed can do is delay and amplify the painful correction that earlier monetary policy made inevitable.

    Another myth that has been getting more attention in past weeks is that the Fed as an organization is separate from, above, or independent from politics.

    The attention follows a Wall Street Journal report alleging that members of former president Donald Trump’s team are drawing up plans to give the president more power over the Fed should Trump win the election this November. Reporters cite an internal ten-page document that argues the president should be consulted on interest-rate decisions and have the authority to fire Fed chairs before their term is up. These plans sparked panic about a politicized Fed and provoked responses from several concerned economists.

    It is absurd that this needs to be spelled out, but the Fed is already a political organization. It was established by an act of Congress in 1913. Two decades later, Congress consolidated much of the Fed’s power in Washington, DC, and set up the position of chairman, who is appointed by the president and confirmed by the Senate. It also created a single committee—most of which is also appointed by the president and confirmed by the Senate—to direct open market operations for the entire country. Then in 1977, Congress passed another bill requiring the Fed to pursue specific policy goals.

    So, a bunch of politicians created an organization and consolidated its power in Washington, DC, where a committee of government officials appointed and confirmed by politicians directs monetary policy for the entire country according to policy goals defined earlier by other politicians. And we’re supposed to consider this organization to be nonpolitical.

    Moreover, the idea that the changes Trump’s team might be considering would represent a categorical change to the structure of the Federal Reserve is crazy. Fed chairs already consult with current presidential administrations through the Treasury Secretary. It’s not as if the Fed is isolated from the ambitions of the executive branch.

    The real risk, from the establishment’s perspective, is not that Trump will turn the Fed into a political organization but that he will expose the fact that it already is one.

    From the outset, the Federal Reserve System has represented the politicization of money and banking in the United States. It allows the government to finance its preferred programs with newly printed money and to manipulate the entire structure of the economy with centrally planned interest rates. This is great for politicians, government bureaucrats, and politically connected businesses that get the new money early. But it traps the rest of us in a recurring nightmare of unnecessary economy-wide booms and busts along with devastating, culture-destroying permanent price inflation.

    The illusion of an independent, nonpolitical Fed is critical to keep the scam going.

    Tyler Durden Mon, 05/13/2024 - 12:45
  41. Site: RT - News
    5 days 1 hour ago
    Author: RT

    A bipartisan group of MPs had earlier suggested creating a NATO-controlled area along the border with the EU

    Berlin opposes any initiatives aimed at establishing a no-fly zone over any part of Ukrainian territory that would be controlled by NATO forces, German government spokesman Steffen Hebestreit told a press conference on Monday. A group of MPs had earlier raised the idea.

    On Saturday, lawmakers from the opposition and the three-party ruling coalition said they supported targeting Russian missiles and drones over Ukraine by using defenses based in Poland and Romania. They also argued in favor of creating a 70-km-wide safe zone along the Ukraine-EU border.

    When asked what the federal government thinks of the idea, Hebestreit replied that Chancellor Olaf Scholz’s cabinet had opposed it in the past and would do so now. “We felt that it would cross the line into [NATO’s] direct participation” in the conflict between Kiev and Moscow, he said, referring to a similar stance taken by Berlin in November 2022.

    Read more  Rolf Mutzenich. Top German MP warns against Ukraine no-fly zone

    “The same applies to the considerations expressed in various ways [now],” the spokesman stated. According to Hebestreit, Kiev’s Western backers should focus on supplying it with air defense systems like the US-made Patriot, which Berlin has recently vowed to send to Ukraine. Germany had already “invested massively in Ukraine’s air defense,” the official said, pointing to the German-made IRIS-T air defense systems and Gepard self-propelled anti-aircraft guns that his nation also provided to Kiev.

    Earlier, the lawmakers’ initiative was also criticized by an influential MP. Using NATO air defenses against Russian targets would be “playing with fire,” warned Rolf Mutzenich, who chairs Chancellor Olaf Scholz’s Social Democratic Party (SPD) parliamentary group in the Bundestag. According to him, the involvement of the German Armed Forces in the defense of Ukrainian airspace would “immediately turn us into a warring party” and would require an approval by the Bundestag.

    The developments come amid reports suggesting that Kiev’s forces are increasingly struggling to ward off Russian missile strikes. According to data cited by the Wall Street Journal on Monday, Ukraine intercepted only about 46% of Russian missiles in the past six months, compared to 73% in a previous comparable period. In April, that figure dropped to 30%.

  42. Site: LifeNews
    5 days 1 hour ago
    Author: Kristan Hawkins

    As someone whose family once proudly embraced the Democratic Party, I mourn the decision by three Democratic presidents to make the loss of life made into a business by unleashing the chemical abortion pill on the U.S. market. Chemical abortion pills, which end hundreds of thousands of lives annually, represent the dark legacy of Presidents Bill ClintonBarack Obama, and now Joe Biden. Their administrations’ actions allowed the pills to be sold in ways known to harm women and girls as a financial gift for a powerful interest group: the abortion industry.

    The business of chemical abortion pills in America is a federal issue. Reversing the neglect and abuse of power by federal agencies will demand leadership and key appointments to undo Democrats‘ gift to the abortion industry.

    President Clinton manipulated the levers of federal power, working behind the scenes to bring the drug to the U.S. market in 2000 with assurances that protecting women’s safety would be a priority. To fast-track this means of abortion, the FDA deemed pregnancy an illness and death by abortion pills a treatment.

    Health and safety standards (known as REMS—risk evaluation, and mitigation strategies) put in place to protect mothers in 2000 came under attack during Barack Obama’s tenure. Obama’s head of the FDA, Dr. Robert Califf, supported efforts to make it easier to sell the life-ending pills. President Joe Biden followed in those footsteps, appointing a legal attack dog against pro-life groups and policies—former California Attorney General Xavier Becerra—to head the U.S. Department of Health and Human Services. He also brought Califf back to the FDA for an encore performance.

    SUPPORT LIFENEWS! If you want to help fight abortion, please donate to LifeNews.com!

    The FDA knows these pills can kill women. But under the last three Democratic administrations, that fact became politically irrelevant in the push for policies that allow for a quick online sale.

    For example, chemical abortion pills will not end an ectopic pregnancy, which is when a human in embryonic form implants outside of the womb. While the combination of the two pills sold for abortions in the U.S. will cause bleeding, leading a woman to believe her pregnancy has ended, in fact, the life-threatening ectopic pregnancy continues. Requiring that pregnant women have an ultrasound to determine the location and length of pregnancy would save lives, but that requirement is missing from the REMS issued by Biden’s FDA.

    Also missing is any requirement for blood testing and treatment of Rh-negative status. About 15 percent of the population is Rh-negative, which means that a mixing of blood between mother and child during birth, miscarriage, or abortion can lead to antibodies forming in the mother that can attack future pregnancies, effectively leading to infertility without an injection of Rh immune globulin. But abortionists and illegal chemical abortion pill distributors don’t provide that treatment, since there’s no blood tests in the world of online distribution.

    And then there is the reality that anonymous online distribution makes chemical abortion pills the dream drug for abusers and sex traffickers, who have used them against mothers without their knowledge or consent.

    The risks of chemical abortion pills—injury, infertility, empowered abusers, and death—also include environmental harm. When the pills were rushed onto the U.S. market, Clinton’s FDA accepted an environmental assessment report from the pro-abortion Population Council that basically said littering was the only potential problem.

    But today, chemically tainted blood, placenta tissue, and human remains from more than 6 in 10 abortions are flushed into America’s waterways. That is why Students for Life of America has filed citizen petitions with the FDA to stop abortion pollution and led a coalition effort of more than 40 organizations to demand that the Environmental Protection Agency track the chemicals released by chemical abortion pills.

    Donald Trump has said he will soon announce his position on chemical abortion pills. To address Democrats’ abuse of federal power, Trump should take these steps in a second term:

    1. Make key appointments from the vice presidency to Health & Human Services, the FDA, and the Department of Justice to reverse and review the weaponization of policy.
    2. Demand that the Environmental Protection Agency track the forever chemicals of chemical abortion that have been flushed into America’s waterways.
    3. Require the FDA to do clean water and endangered species testing, which have been ignored every time the chemical abortion REMS have been changed.
    4. Champion health and safety standards for in-person care to address known harms to women and add environmental protections, like common-sense red bag medical waste disposal requirements to prevent tainting waterways.
    5. Instruct the Drug Administration Agency and the Federal Trade Commission to address the illegal, online abortion pill vendors operating in the U.S. in violation of state laws.
    6. End the Justice Department’s attacks against states and pro-life individuals, prioritized in the Biden administration, including using pro-life laws on the books, such as the Comstock Act.
    7. Cut taxpayer funding to schools distributing the deadly drugs as well as abortion vendors profiting from their reckless distribution.

    Confronting perhaps the most politically protected business in America, shielded from prosecution, from scrutiny, environmental oversight, and legal compliance, will require a champion who cares more about women, girls, and the preborn than the expedited sale of a deadly two-drug cocktail. But the abuse of federal power to push abortion pills must come to an end.

    LifeNews Note: Kristan Hawkins is president of Students for Life of America and Students for Life Action, with more than 1,400 groups on middle and high school, college and university, medical and law school campuses in all 50 states. Follow her @KristanHawkins or subscribe to her podcast, Explicitly Pro-Life.

    The post By Pushing Dangerous Abortion Pills, Democrats Have Failed Women For Decades appeared first on LifeNews.com.

  43. Site: LifeNews
    5 days 1 hour ago
    Author: S.A. McCarthy

    The British government is preparing to reject a global health treaty that critics warn gives power to “a new world order.” According to The Telegraph, the U.K. is opposed to signing the World Health Organization (WHO) global pandemic treaty, insisting the accord would undermine the U.K.’s sovereignty.

    The U.K. reportedly refuses to agree to any treaty which would not allow the nation to put its own interests first. In its present form, which is the ninth and final draft, the WHO treaty would require wealthier Western nations such as the U.S. and the U.K. to surrender 20% of their “pandemic-related health products” — including medicines, vaccines, and protective equipment — to be given to nations the WHO deems less developed. The terms of the treaty would grant the WHO 10% of those products for free and the other 10% “at affordable prices.” A spokesperson for Britain’s Department of Health and Social Care stated, “We will only support the adoption of the accord and accept it on behalf of the UK, if it is firmly in the UK national interest and respects national sovereignty.”

    The pandemic treaty was introduced in May 2021 in the wake of the COVID-19 pandemic, purportedly as a means of ensuring a united international global response to future pandemics. However, critics across the globe, including in the U.S., are urging nations to reject the accord, warning that it effectively grants the bureaucratic WHO unprecedented control over sovereign nations and their health care systems.

    Appearing on “Washington Watch” on Thursday night, Senator Ron Johnson (R-Wis.) cautioned against the “dangers of global governance” and “a new world order.” He explained that the WHO “engineered” the global response to COVID-19 but ultimately “gave cover” to China, where the virus originated. “I think it probably was manmade, probably from a lab in Wuhan,” Johnson said. “But again, there’s corruption. The Chinese exert way too much influence on the World Health Organization. Why would we want China’s influence dictating American actions or other nations’ actions as well?”

    SUPPORT LIFENEWS! If you want to help fight abortion, please donate to LifeNews.com!

    Johnson and his fellow Senate Republicans issued a letter last week to President Joe Biden, demanding he withdraw the U.S. from WHO pandemic treaty negotiations. Declaring the terms of the treaty “unacceptable,” the letter states, “Some of the over 300 proposals for amendments made by member states would substantially increase the WHO’s health emergency powers and constitute intolerable infringements upon U.S. sovereignty.” The letter also called on the U.S. to hold the WHO accountable for its “total” and “predictable” “failure” to respond adequately to COVID-19, a failure which the letter argues “did lasting harm to our country.”

    The letter concludes noting that any treaty must be approved by the Senate and that Biden is expected to “submit any pandemic related agreement to the Senate for its advice and consent.” On “Washington Watch,” Johnson explained, “The presidents are abusing their authority in terms of entering these agreements, calling them executive agreements when they clearly fall into the guidelines of what treaties should be.” He added that Americans should “understand what our president is getting America involved in.”

    Johnson and his Senate compatriots aren’t the only ones calling on Biden to withdraw from negotiations. Last week, 22 state attorneys general also sent a letter to the president, warning that the pandemic treaty would give the WHO “unprecedented and unconstitutional powers over the United States and her people” and cautioning against “relinquish[ing] more power to unelected and unaccountable institutions.” Referring to the pandemic treaty as “highly problematic,” the attorneys general wrote:

    “To varying degrees, these measures would threaten national sovereignty, undermine states’ authority, and imperil constitutionally guaranteed freedoms. Ultimately, the goal of these instruments isn’t to protect public health. It’s to cede authority to the WHO — specifically its Director-General — to restrict our citizens’ rights to freedom of speech, privacy, movement (especially travel across borders) and informed consent.”

    They further noted that the negotiations Biden has involved the U.S. in “would transform the WHO from an advisory, charitable organization into the world’s governor of public health” and “inappropriately cede American sovereignty to the WHO.” Additionally, they pointed out that the federal government does not have the constitutional authority to “delegate public health decisions to an international body,” observing that “responsibility for public health policy” is vested in the states, not in the federal government.

    Finally, the attorneys general warned that the WHO’s proposals “would lay the groundwork for a global surveillance infrastructure, ostensibly in the interest of public health, but with the inherent opportunity for control (as with Communist China’s ‘social credit system’).” They added, “The current draft instructs signatories to ‘cooperate, in accordance with national law, in preventing misinformation and disinformation.’ This is particularly dangerous given that your administration pressured and encouraged social-media companies to suppress free speech during COVID-19.”

    Nations are expected to either accept or reject the terms of the pandemic treaty at the WHO’s World Health Assembly in Geneva, Switzerland, later this month.

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

    The post U.K. Rejects Radical WHO Pandemic Treaty That Could Undermine National Sovereignty appeared first on LifeNews.com.

  44. Site: RT - News
    5 days 1 hour ago
    Author: RT

    Democrats are polling normally in the Senate races, suggesting voters may see Biden himself as the problem

    Former US President Donald Trump would beat the incumbent Joe Biden in Arizona, Georgia, Michigan, Nevada and Pennsylvania if the November election were held today, according to the latest poll by the New York Times and Siena College.

    The polls showed Trump leading by seven percentage points in Arizona and Michigan, ten in Georgia, three in Pennsylvania and a whopping twelve in Nevada. 

    The poll is “littered with bad news for Biden, whether it’s on abortion, the economy, Gaza, and so on,” said the New York Times’ chief political analyst, Nate Cohn. “Trump’s strength is largely thanks to gains among young, black and Hispanic voters,” he added.

    Muslim or Arab Americans have also swung around to favor Trump in “huge defections” from the Democrats, mainly driven by Biden’s support for Israel’s offensive against Gaza. Voters who are Muslim or of Middle Eastern/North African (MENA) origin now favor Trump 57% - 25% with 18% undecided, the poll showed; in 2020 56% favored Biden and only 35% backed the then-president. 

    “When we asked Arab or Muslim voters who didn’t back Mr. Biden about their most important issue in the race, around 70 percent cited foreign policy or the war in Gaza,” the Times noted.

    Read more US President Joe Biden listens to a question from reporters before boarding a limousine upon arrival at Seattle-Tacoma International Airport, in SeaTac, Washington, on May 10, 2024. Biden ‘doing it all wrong’ – ex-Clinton adviser

    Almost 4,100 registered voters were surveyed between April 28 and May 9. According to Cohn, the answers given by voters who used to back Biden but are now turning to Trump were “typical: economy, wars, immigration” and “Biden skepticism.”

    The lone outlier was Wisconsin, scheduled to host the Republican convention in July, where Biden appeared to be two points ahead. 

    Suggesting that the problem was with Biden himself and not the party, the poll showed Democrats leading the Senate races in Arizona, Nevada, Pennsylvania and Wisconsin. The “ticket-splitting” was the most pronounced in Nevada, where many likely Trump voters said they backed Senator Jacky Rosen, the incumbent Democrat, over a hypothetical Republican challenger. The GOP is scheduled to pick its Senate candidate there in a June primary. 

    The New York Times called this good news for Biden, suggesting that “these voters haven’t yet abandoned Democrats in full, and they might still be available to return to his side.”

    Biden won all six swing states in the 2020 election, which Trump has disputed as irregular. The two are now set for a rematch in November, once their nominations are formally confirmed at the party conventions this summer.

  45. Site: RT - News
    5 days 1 hour ago
    Author: RT

    Democrats are polling normally in the Senate races, suggesting voters may see Biden himself as the problem

    Former US President Donald Trump would beat the incumbent Joe Biden in Arizona, Georgia, Michigan, Nevada and Pennsylvania if the November election were held today, according to the latest poll by the New York Times and Siena College.

    The polls showed Trump leading by seven percentage points in Arizona and Michigan, ten in Georgia, three in Pennsylvania and a whopping twelve in Nevada. 

    The poll is “littered with bad news for Biden, whether it’s on abortion, the economy, Gaza, and so on,” said the New York Times’ chief political analyst, Nate Cohn. “Trump’s strength is largely thanks to gains among young, black and Hispanic voters,” he added.

    Muslim or Arab Americans have also swung around to favor Trump in “huge defections” from the Democrats, mainly driven by Biden’s support for Israel’s offensive against Gaza. Voters who are Muslim or of Middle Eastern/North African (MENA) origin now favor Trump 57% - 25% with 18% undecided, the poll showed; in 2020 56% favored Biden and only 35% backed the then-president. 

    “When we asked Arab or Muslim voters who didn’t back Mr. Biden about their most important issue in the race, around 70 percent cited foreign policy or the war in Gaza,” the Times noted.

    Read more US President Joe Biden listens to a question from reporters before boarding a limousine upon arrival at Seattle-Tacoma International Airport, in SeaTac, Washington, on May 10, 2024. Biden ‘doing it all wrong’ – ex-Clinton adviser

    Almost 4,100 registered voters were surveyed between April 28 and May 9. According to Cohn, the answers given by voters who used to back Biden but are now turning to Trump were “typical: economy, wars, immigration” and “Biden skepticism.”

    The lone outlier was Wisconsin, scheduled to host the Republican convention in July, where Biden appeared to be two points ahead. 

    Suggesting that the problem was with Biden himself and not the party, the poll showed Democrats leading the Senate races in Arizona, Nevada, Pennsylvania and Wisconsin. The “ticket-splitting” was the most pronounced in Nevada, where many likely Trump voters said they backed Senator Jacky Rosen, the incumbent Democrat, over a hypothetical Republican challenger. The GOP is scheduled to pick its Senate candidate there in a June primary. 

    The New York Times called this good news for Biden, suggesting that “these voters haven’t yet abandoned Democrats in full, and they might still be available to return to his side.”

    Biden won all six swing states in the 2020 election, which Trump has disputed as irregular. The two are now set for a rematch in November, once their nominations are formally confirmed at the party conventions this summer.

  46. Site: RT - News
    5 days 1 hour ago
    Author: RT

    After granting amnesty to hundreds of separatists, Spain’s socialists won regional elections in Catalonia

    Pro-independence parties in Catalonia have lost their parliamentary majority, with the socialist allies of Spanish Prime Minister Pedro Sanchez emerging as the region’s largest party. 

    The Catalan Socialist Party (PSC), a sister party of Sanchez’ Spanish Socialist Workers’ Party, won 42 out of 135 seats in regional elections on Sunday. Although the party fell short of the 68 seats needed for an absolute majority, the result represents a significant increase from the 31 seats it won in 2021 and makes the PSC the largest single party in the region.

    Despite the separatist Together for Catalonia (Junts) gaining four seats to finish in second with 35, losses for other pro-independence parties meant that the separatist movement no longer enjoys a parliamentary majority. The Republican Left of Catalonia, a pro-independence party that has led the region’s government since 2021, lost 13 seats to finish with 20, the most significant fall in support for any party contesting the election.

    Read more A banner saying 'PSOE sells Spain' is seen among protesters during a demonstration called by Spanish civic organizations that opposesanner the amnesty for Catalan independentists presented by the PSOE to ensure the inauguration of Pedro Sánchez as president of of the government of Spain. Thousands rally against Catalan amnesty law

    Sanchez’ conciliatory position toward the separatists is widely seen as having defanged the pro-independence movement. The most controversial of his policies is an amnesty law passed last year, which once in effect will pardon hundreds of separatist leaders involved in organizing an independence referendum in 2017. The passage of the law outraged Spain’s right-wing parties and triggered massive protests in Madrid.

    Speaking after votes were counted on Sunday evening, PSC leader Salvador Illa said that his party’s victory was the result of “the policies implemented by the Spanish government and its prime minister, Pedro Sanchez.” 

    Although the 2017 referendum passed overwhelmingly, it was declared illegal by Spain’s constitutional court. Junts leader Carles Puigdemont fled to Belgium after the failed independence bid, dodging charges of rebellion, sedition and the misuse of public funds. The sedition charges against Puigdemont were dropped last January, and the Junts leader is expected to return to Catalonia when the amnesty bill comes into force later this month.

    With Illa now seeking coalition partners, Puigdemont has called on the ERC not to join forces with the PSC. A former ally of ERC leader Pere Aragones, Puigdemont said on Sunday that “if Esquerra is willing to rebuild bridges” and build a coalition of pro-independence parties to keep the PSC out of government, “we will also be willing.”






  47. Site: RT - News
    5 days 1 hour ago
    Author: RT

    Sweden would accept nuclear weapons on its soil but only in the event of war, Ulf Kristersson has said

    Sweden could potentially allow the US to station nuclear weapons on its territory, but only if the country is drawn into a military conflict, Prime Minister Ulf Kristersson has said.

    In an interview with Sveriges Radio on Monday, Kristersson stressed that since joining NATO, the government has submitted two proposals to parliament, stating that Stockholm will not host permanent foreign troops or nuclear weapons in peacetime.

    However, he said such prohibitions would be lifted if Sweden, which has not been at war since 1814, becomes part of an active military conflict. “In a war situation, it is a completely different matter,” the prime minister said, adding that “all of NATO benefits from the nuclear umbrella that must be in place in democratic states as long as Russia has its nuclear weapons.”

    Kristersson also emphasized that it is up to Sweden to decide which foreign weapons – if any – would be stationed on its territory.

    The premier’s comments come ahead of a June parliamentary vote on a Defense Cooperation Agreement with the US, which would give Washington access to Stockholm’s military bases.

    Read more  Polish Foreign Minister Radoslaw Sikorski. Polish foreign minister rebukes president over US nukes

    Unlike its Nordic neighbors Finland and Norway, Sweden has no explicit ban on accepting nuclear arms, but maintains a long-standing policy against hosting such weapons in peacetime.

    Critics have urged Stockholm to change its stance on the matter, warning that the lack of legislation on a complete ban of nukes could create problems in a critical situation, given Sweden’s NATO membership.

    The US currently maintains nuclear weapons in five fellow NATO countries – Germany, the Netherlands, Belgium, Italy and Türkiye – as part of the bloc’s nuclear sharing program.

    Sweden, along with Finland, applied to join the US-led military alliance shortly after the start of the Ukraine conflict. While Finland became a member state last year, Sweden did not officially join until March, with progress hampered by Hungary and Türkiye, which voiced grievances in bilateral relations.

  48. Site: AsiaNews.it
    5 days 1 hour ago
    Outgoing Prime Minister Lee Hsien Loong, 72, is stepping down two years later than planned because of COVID-19. His successor, who will be sworn in on Wednesday, now has to tackle some of the city-state's toughest issues, like housing, an aging population, and an inadequate welfare system.
  49. Site: LifeNews
    5 days 2 hours ago
    Author: Right to Life UK

    Diana Johnson and Stella Creasy have tabled amendments to the Criminal Justice Bill that would make extreme changes to our abortion laws.

    How would they change the law?

    Both amendments would make it more likely that healthy babies are aborted at home for any reason, up to birth.

    Diana Johnson’s amendment (NC1) would remove offences that make it illegal for a woman to perform her own abortion at any point right through to birth.

    Stella Creasy’s amendment (NC40) would remove key deterrents against performing an abortion at any point right through to birth.

    These amendments would likely lead to a significant increase in the number of women performing late-term abortions at home, endangering the lives of many more women.  They would also lead to an increased number of viable babies’ lives being ended well beyond the 24-week abortion time limit and beyond the point at which they would be able to survive outside the womb.

    SUPPORT LIFENEWS! If you want to help fight abortion, please donate to LifeNews.com!

    Stella Creasy’s amendment would also remove key deterrents against hiding the body of a dead baby. These deterrents are in place to help prevent individuals from obstructing an investigation into the cause of a child’s death when infanticide is suspected.

    In addition, Stella Creasy’s amendment would also remove key safeguards provided by the Abortion Act through to 24 weeks. Abortion would be available on demand, for any reason, up to 24 weeks.

    Sex-selective abortion would become legal – women could obtain, and abortion providers could perform, abortions for sex-selective purposes up to 24 weeks.

    The legal safeguard requiring two qualified doctors to approve an abortion would be removed, the legal requirement that abortions take place under the care of a qualified doctor would be removed and there would be no restrictions on where abortions could be performed.

    There would be no legal deterrent against women performing their own abortions at home using abortion pills up to 24 weeks, beyond the current 10-week legal limit for at-home abortions. This would present a grave risk to women’s health.

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

    The post British MPs Want to Legalize Abortions Up to Birth appeared first on LifeNews.com.

  50. Site: Zero Hedge
    5 days 2 hours ago
    Author: Tyler Durden
    Even If Powell "Can't See The Stag And Can't See The Flation", Consumers Can

    By Benjamin Picton, Senior Macro Strategist at Rabobank

    Bumps and Potholes

    UK Q1 GDP surprised to the upside at the end of last week to print at +0.6%, rather than the more modest 0.4% that market economists had been expecting. That means that Britain is officially out of recession. Perhaps even more importantly for Prime Minister Rishi Sunak, GDP per capita grew for the first time in two years and the Governor of the Bank of England has been talking about rate cuts. The FT reports that corporate takeover activity for UK companies has hit the highest level since 2018 as international capital managers realise that UK stocks are comparatively cheap. Suddenly, everything is coming up Rishi, but that’s unlikely to save him from an electoral drubbing later in the year.

    Of course, faster economic growth can in some ways be a double-edged sword. If the economy is turning over more quickly, it raises questions about inflationary pressures – which might delay those rate cuts that Governor Bailey was hinting at. In the case of the UK this might not be an issue because the stronger GDP result was driven by fixed capital formation – suggesting that businesses are investing to raise the speed limit of the economy – while households seem to have taken Huw Pill’s advice to accept that they are poorer and kept a lid on their own spending.

    Over in Canada it might be a different story. Labour market figures for April showed employment growth of 90,000 in the month. That’s a mighty bounce back from the loss of 2,200 jobs in March, and well above the consensus estimate of +20,000 jobs. The unemployment rate duly fell (despite a 1-tick climb in the participation rate) to a still high 6.1%, and hourly wages growth also came in firmer than expected at 4.8% y-o-y (albeit down on March’s 5% figure).

    Consequently, the 65% probability of a June rate cut that the OIS futures were suggesting last Thursday has suddenly fallen to a 45% probability. The market is still fully-priced for a cut by July, but only just.

    There were further bumps in the road for the global crusade against inflation last Friday when the latest iteration of the University of Michigan consumer sentiment report was released. Consumer confidence dropped like a rock, all the way from 77.2 in April to 67.4 in May. Both ‘current conditions’ and ‘future expectations’ looked grim, which perhaps suggests a “plague on both your houses” attitude to the two leading contenders for the Presidency. Crucially, 1-year inflation expectations leapt from 3.2% to 3.5%, and 5-10 year expectations (generally a low volatility number) edged higher from 3% to 3.1%. Even if Jerome Powell “can’t see the stag and can’t see the flation”, it appears that consumers can.

    Powell is scheduled to speak tomorrow, but the timing presents a few potential landmines for the Fed Chief. Powell’s remarks will come after the release of April PPI figures, but ahead of the CPI report. CPI is likely to be the key point of interest for financial markets this week, but there’s also the not-insignificant issue of big new tariffs on Chinese EVs (amongst other things) expected to be announced tomorrow. The CPI numbers are expected to print at +0.4% m-o-m, as they did in March. Unfortunately, 0.4% m-o-m is incompatible with 2% annual inflation, so Powell might still be a little cagey on there whereabouts of the stag and the ‘flation.

    Japan, China and Australia have lately thrown up some potholes in the road back to at-target inflation. Japanese March labour cash earning figures reported last week showed year-on-year growth of less than half the expected number. China PPI slipped further into deflation at -2.5% in April (although CPI nudged up slightly to 0.3%) and aggregate financing actually fell for the first time since 2005.

    China’s housing woes are clearly ongoing, and it appears that this has started to worry Xi Jinping, who is reportedly looking at ways to protect state-owned developers that may also help to staunch the balance sheet recession being experienced by Chinese households. The long-awaited stimulus bazooka might be on the way (of sorts), but almost certainly not for private sector developers who might be too close to decadent Western-style capitalists for Xi’s liking.

    The fortunes of Chinese real estate developers are of particular interest to Australia, since bulk commodities used in the production of steel and concrete (iron ore, coking coal) sit atop the list of Australia’s major exports.

    The Australian Government will deliver a budget tomorrow night - Treasurer Jim Chalmers’ third, and likely his second successive surplus. The now traditional pre-budget leaks to the media suggest a more growth-oriented fiscal impulse which would ordinarily be a concern for the RBA - who inexplicably maintained their neutral outlook on interest rates last week, despite big upward revisions in their inflation forecasts and downward revisions to unemployment forecasts.

    One suspects that the RBA dead-batted the strong Q1 inflation print of a week earlier with the benefit of advance warning from Treasury that budget initiatives would substantially reduce measured CPI. Treasury is reportedly expecting CPI to be back below 3% by the end of the year as new subsidies for electricity bills, rent assistance and childcare shift the burden of payment from households to government. Those increased subsidies will mechanically reduce measured CPI, but they won’t reduce underlying cost pressures, which will instead be paid through the tax system. Happily, the budget will also include income tax cuts.

    So, there have been a few bumps to inflation here, and a few unanticipated drops there. Ultimately the US CPI report will be the main game of the week as markets look for continued signs of an upward trend in price pressures.

    Tyler Durden Mon, 05/13/2024 - 11:30

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