Distinction Matter - Subscribed Feeds

  1. Site: LifeNews
    4 days 8 hours ago
    Author: Steven Ertelt

    If Joe Biden thinks he can win Florida in the presidential election by running a campaign for abortions up to birth, he’s got another thing coming.

    That’s the message from pro-life Gov. Ron DeSantis, who laughed heartily today when asked if Biden will win his state by pushing more abortions.

    Initially when asked, DeSantis gave a non-verbal answer: A snort, a laugh and a shaking head.

    Clearly, his answer was “no.”

    DeSantis said he would love to see the Biden campaign waste money campaigning in Florida, which is a much more Rpeublican state now than before DeSantis became governor.

    “When I became governor, this state had almost 300,000 more registered Democrats than Republicans. Today, we have 900,000 more registered Republicans than Democrats. So I mean just in that, just those demographics, I think it’s a very uphill climb,” DeSantis said.

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    “We welcome Biden-Harris to spend a lot of money in Florida. Light up the airwaves, do it, light it on fire. We are fine with you doing that here. But I can confidently predict that you’ll see Republican victories not just at the top of the ticket but up and down the ballot and I think that’s a good thing.”

    And DeSantis said Biden’s “failed leadership and failed policies” would make it impossible to overcome that difference.

    DeSantis suggested the Democrats are focusing on abortion to distract voters from Biden’s horrible record.

    “I understand they would try to figure out anything they could to try to, to try to change the dynamic or to try to change the focus from the failed leadership, but they failed on fiscal, they failed on inflation, they failed on interest rates, they failed on the border,” DeSantis said. “And, oh, by the way, is this world more peaceful than it was when (Donald) Trump was president? Not even close.”

    The post Ron DeSantis Says Joe Biden Won’t Win Florida by Campaigning for Abortions Up to Birth appeared first on LifeNews.com.

  2. Site: PeakProsperity
    4 days 8 hours ago
    Author: Chris Martenson
    What happens when commodities are badly mispriced because off too many financial-only speculators distorting the price signal? Eventually, it's big trouble. What happens if the yen completely melts down? I don't know, but it looks like we're going to find out.
  3. Site: LifeNews
    4 days 8 hours ago
    Author: Liberty Counsel

    Florida’s Heartbeat Law will take effect on Wednesday, May 1 and will protect unborn children and their mothers at six weeks of pregnancy. The law, titled SB300 – Pregnancy and Parenting Support, makes Florida one of the most pro-life states in the nation.

    At midnight, Florida will join Georgia and South Carolina in having an active law with six-week heartbeat protections. The law will increase widespread protections in the Southeast since Florida’s other closest neighbors of Alabama, Mississippi, and Louisiana all have laws that protect unborn babies from the moment of conception.

    According to 2023 data from the pro-abortion Guttmacher Institute, about one-third of all abortions in the South occurred in Florida. The data showed more than 9,300 of those abortions involved people who traveled from other states.

    The law’s implementation follows the Florida Supreme Court which recently ruled 6-1 that there is no right to abortion in the Florida Constitution. The decision upheld the state’s current 15-week abortion law and allowed the Heartbeat Law to go into effect. Both the Heartbeat Law and the state’s 15-week law will be enforced together.

    The Heartbeat Law includes exceptions, such as rape, incest, and human trafficking, all of which must be officially documented. The law retains the exceptions from the 15-week law, such as: to preserve the life of the mother, which includes ectopic pregnancies; fatal abnormalities where the unborn baby is unexpected to survive outside the womb; and to “avert a serious risk of substantial and irreversible physical impairment or a major bodily function of the pregnant woman other than a psychological condition.”

    In addition, before an abortion is performed under any of the exception categories, Florida abortion laws require giving a pregnant woman an option to view an ultrasound, a 24-hour reflection period unless there is an emergency, and informed consent.

    The law also requires doctors to use more than just an ultrasound to determine the gestational age of an unborn child. Doctors are now required to utilize a more objective physical measurement with calipers to measure “crown to rump” length, or top of the head (crown) to the bottom of the buttocks (rump), which can more accurately determine the unborn child’s gestational age.

    In Florida, the penalty for health care providers performing an illegal abortion can result in the loss of their licenses to practice medicine.

    The Heartbeat Law will also provide $30 million in reoccurring state funding to support pregnant women and their families. This support includes:

    • Clothing
    • Cribs
    • Car Seats
    • Formula
    • Diapers
    • Pregnancy Testing
    • Counseling (for mothers and fathers)
    • Mentoring
    • Education Materials
    • Pregnancy Classes
    • Parenting Classes
    • Adoption Classes
    • Life Skills Training
    • Employment Readiness
    • Wellness Services

    Florida also has 167 pregnancy centers across the state where pregnant women and their families can receive aid and support.

    Liberty Counsel Founder and Chairman Mat Staver said, “On May 1, Florida will become a sanctuary for life. The Heartbeat Law will save countless lives, some of whom may become world leaders in science, medicine, and technology that will benefit the world. The Heartbeat Law protects the valuable lives of both the unborn child and the mother and provides a wide range of options and support for women. The Heartbeat Law will provide $30 million in public funds to help pregnant women and their children. Florida is now on the side of life.”

    The post Florida Heartbeat Law Starts Tomorrow, Saving Babies From Abortion and Helping Pregnant Women appeared first on LifeNews.com.

  4. Site: Zero Hedge
    4 days 8 hours ago
    Author: Tyler Durden
    What To Look For When Amazon Reports

    After the solid results from Microsoft - the world's largest company whose market cap is now flirting with $3 trillion - investors have been incrementally more positive on the Amazon's AWS cloud setup into today's earnings, with the investment thesis driven by ecommerce share, margin expansion and the potential for AWS growth recovery through the year.

    Of course, since everyone is well-aware of this thesis, UBS trader Kelsey Perselay notes that "the amount of debate/dialogue has really died down."

    Not surprisingly, everyone and their kitchen sink, is long the stock: according to Goldman, client positioning is a 9 on the bank's 1-10 scale, and "most investors feel relaxed/confident into this quarter."

    Goldman thinks that people expect a beat and further acceleration on AWS (vs cons ~13% y/y and ~13% y/y last qtr), a slight beat on online sales (vs cons 7%) and a solid beat on EBIT vs cons ~$11bn (for ref, AMZN been beating by $2-4bn last few qtrs). Looking ahead, investors looking for high-end of guide to land near street numbers for Revs (cons ~$150 bn) / OI (~$12.5 bn).

    Summarized, here are the top bogeys for the quarter:

    • Q1 Total Sales: high end of guide $138-$143.5 bn

    • Q2 Total Sales: $150 bn high end

    • Q1 AWS Growth: 15%-16%+

    • Q1 EBIT: $13 bn

    • Q2 EBIT: $14 bn high end

    Key questions for the 1Q call include:

    1. overall EBIT for 2Q as they are expected to show ongoing efficiency this year;

    2. cadence of enterprise cloud optimization efforts and signs of growth acceleration for AWS in 2Q;

    3. pace of retail margin improvement and medium-term targets for retail;

    4. capex outlook for 1Q and for 2024;

    5. impact of Amazon Bedrock and any disclosures around growth contribution from GenAI workloads;

    6. margin improvements from regionalization of fulfilment operations and broader cost control efforts;

    7. the outlook and incremental margins associated with video advertising in Prime content and advertising more generally; and

    8. competitive dynamics from Shein, Temu, TikTok, etc.

    Catch-Up or Catch-Down...

     

    Tyler Durden Tue, 04/30/2024 - 15:00
  5. Site: LifeNews
    4 days 9 hours ago
    Author: Sarah Holliday

    Planned Parenthood’s most recent annual report highlighted increased activity in the U.S., including 1.05 million patients, 9.13 million services, 2.25 million birth control services, 392,715 abortions, and another 1.7 million appointments booked online. But to the dismay of pro-life activists, what may be the most shocking aspect of the data from the report was not the national impact, but the international effect Planned Parenthood has had — a mission they use taxpayer dollars to fund.

    As emphasized by two of Family Research Council’s experts, Arielle Del Turco and Mary Szoch, the abortion organization “has access to the $699,300,000 in U.S. taxpayer dollars that Planned Parenthood received in Fiscal Year 2022.”

    On Friday’s episode of “Washington Watch,” guest host and former Congressman Jody Hice pointed out, Planned Parenthood is not “using all of that to profit from killing babies here in the United States. … They are also promoting abortion internationally with special attention [given] to infiltrate very poor, vulnerable countries that have legitimate needs.” Specifically, he added, “[T]hey’re going there in order to dismantle all the pro-life protections that many of those countries have.” And Hice noted that the authors of the report are “bragging about all of this.”

    Del Turco, who serves as FRC’s director of the Center for Religious Liberty, agreed. “[T]hey’re targeting these poorer countries,” she said, “and they’re going in and … training tens of thousands of [locals] … essentially to be activists for abortion, to change these laws from the inside out and remove pro-life protections.”

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    Del Turco continued, “Planned Parenthood, in … its most recent annual report, bragged that they had overturned in the last calendar year 112 pro-life policies in these countries.” Which, as she emphasized, is “112 places across eight different countries where unborn babies had their protections stripped from them, in large part because of the work of Planned Parenthood.” What we should be asking, Del Turco continued, is “[w]hy are we funding an organization that is doing that?” Hice noted that’s not only “a great question,” but it’s one that “demands an answer.”

    As stated in the article by Del Turco and Szoch, who is the director of FRC’s Center for Human Dignity, the duo restated that Planned Parenthood “is the perfect picture of ideological colonialism,” the irony of which she commented on to Hice. “The Left supposedly hates colonialism, where the West goes into other countries and imposes its norms,” she observed. “But this is exactly what Planned Parenthood is doing. Planned Parenthood is going into countries where both the law and the culture are very pro-life, where they completely reject abortion, and they are trying to change these countries from the inside out. It’s not organic. It’s coming from the outside, from Planned Parenthood, and from the millions of dollars that they are funneling into these countries.”

    Hice posed the question: “[W]hat do we need to do to try to … ensure that no U.S. tax dollars go to fund … organizations … that promote abortions?” Most obviously, Del Turco replied that we need to recognize it’s “common sense” not to use the dimes of Americans to fund a radical leftist ideology — many of whom are pro-life. “No American taxpayer dime should be going to Planned Parenthood,” she insisted. “This should be a priority of Republican politicians completely defunding Planned Parenthood and other organizations that perform or support abortion … at home, but especially overseas.” Most Americans, Del Turco emphasized, don’t want their money being used to support abortion.

    “And we need to be listening to the American people on that,” Del Turco concluded. “[W]e as Americans should be focused on really funding organizations that do support life and that support life abroad, and investing in pro-lifers who are having to now fight off these pro-abortion attacks from Planned Parenthood.”

    LifeNews Note: Sarah Holliday is a reporter at The Washington Stand, where this originally appeared.

    The post Planned Parenthood Doesn’t Just Kill Babies in America, It’s Overturning Pro-Life Laws Worldwide appeared first on LifeNews.com.

  6. Site: Zero Hedge
    4 days 9 hours ago
    Author: Tyler Durden
    Cannabis Bears Squeezed On Report DEA Is Preparing To Reclassify Marijuana

    The Associated Press has learned the US Drug Enforcement Administration is moving to reclassify marijuana to a less dangerous drug category. Shares of cannabis-related companies erupted on the news. 

    Here's more from AP news: 

    The DEA's proposal, which still must be reviewed by the White House Office of Management and Budget, would recognize the medical uses of cannabis and acknowledge it has less potential for abuse than some of the nation's most dangerous drugs. However, it would not legalize marijuana outright for recreational use. 

    The agency's move, confirmed to the AP on Tuesday by five people familiar with the matter who spoke on the condition of anonymity to discuss the sensitive regulatory review, clears the last significant regulatory hurdle before the agency's biggest policy change in more than 50 years can take effect. 

    Once OMB signs off, the DEA will take public comment on the plan to move marijuana from its current classification as a Schedule I drug, alongside heroin and LSD. It moves pot to Schedule III, alongside ketamine and some anabolic steroids, following a recommendation from the federal Health and Human Services Department. After the public-comment period the agency would publish the final rule.

    Following the news, Tilray Brands Inc. shares jumped 22%, while Canopy Growth Corp shares are up 26%. 

    Tilray's float is about 15% short, equivalent to about 118 million shares short. 

    Canopy's float is 12% short, equivalent to 9 million shares short. 

    Meanwhile, AdvisorShares Pure US Cannabis ETF and Amplify Alternative Harvest ETF are broadly higher and appear to be rounding a multi-year bottom. 

    It's an election year, and the Biden administration is getting desperate. 

    Tyler Durden Tue, 04/30/2024 - 14:40
  7. Site: Henrymakow.com
    4 days 9 hours ago


    conservative-reaction.jpeg
    Please send links and comments to hmakow@gmail.com 

    In case you haven't noticed, a massive conservative reaction is developing in the West, and it will only increase as the consequences of the satanist bankers' malevolent policies become evident to more people.

    Talk about unintended consequences!
    Did the Masonic Jewish bankers make a fatal error by taking off their masks and revealing their intention to dispossess, enslave and depopulate humanity?

    Or did they always intend to flip the narrative?   Is the plan now to regain trust by electing Trump who will lead the goyim into the Third Judeo Masonic World War?
    ----

    PSYOP-MARKET-CRASH: The First Bank Failure of 2024 Leaves a 1-Cent Stock for Investors and $667 Million in Losses for the FDIC


    Quietly on Friday, the FDIC announced the first federally-insured bank failure of 2024, the publicly-traded Republic First Bancorp (ticker FRBK) which did business as Republic Bank. In an unsettling sign of the times, this federally-insured bank was trading at 1-cent on Friday; down from 27-1/2 cents last September when we first reported on its dire condition. Do Americans really want to see a bank that's holding their life savings to be trading as a penny stock?
    --Cardiologists confirm COVID shots caused 29 yr old's heart attack

    https://slaynews.com/news/cardiologists-confirm-covid-shots-caused-sudden-heart-attack-healthy-29-year-old/

    -
    prayer-he-him.jpgHamas considers Israeli offer - 40 day ceasefire, release of prisoners in exchange for hostages

    https://www.theglobeandmail.com/world/article-israel-waiting-on-hamas-to-respond-to-proposed-halt-to-fighting-before/

    But so far, there has been little sign of agreement on the most fundamental difference between the two sides, the Hamas demand that any deal must ensure a withdrawal of troops and a permanent end to the Israeli operation in Gaza.

    "We can't tell our people the occupation will stay or the fight will resume after Israel regains its prisoners," said a Palestinian official from a group allied with Hamas. "Our people want this aggression to end."

    For Netanyahu, any move is likely to be affected by divisions in his own cabinet between ministers pressing to bring home at least some of the 133 Israeli hostages left in Gaza, and hardliners insisting on the long-promised assault on remaining Hamas formations in the southern city of Rafah.

    An incursion into Rafah will happen "with a deal or without a deal", Netanyahu said on Tuesday, adding that ending the war before reaching its objectives was "out of the question."

    --

    lalita.jpegBrother Nathaniel promotes white resistance

    https://www.realjewnews.com/?p=2010

    The Jew, instead, who fears a White Collective, ensnares the individualistic White man in useless struggles.

    Whites have the numbers, have the right religion, have the will, creativity, and youth to enforce its collective power to put down the Jew.

    White youth! Get married! Marry your own race! Have White children!

    Raise them in The Historic (not Baptist) Church! Create and enforce a White Collective!

    The value of a "White Christian Racial Collective"--which stands as the driving force behind this new image of Western Society--has not yet become a living consciousness.

    Awakening a "White Chrisitan Racial Collective" consciousness so as to recognize its highest value, and under its dominance, to conquer the pernicious Jewish spirit poisoning our world, this is the task of our century.

    -
    Zog is Treason

    https://www.bitchute.com/video/i3SVu4gJrlLu/?list=notifications&randomize=false

    Our so called leaders are double agents working for the enemy of all mankind.
    Genocide is their religion, going back thousands of years. Today its Palestinians, tommorrow its ME AND YOU.

    ---

    branco-where-outrage.jpgGlobal Digital Gulag Imminent, Brought to You by UN & Bill Gates - Alex on Glenn Beck
    Through the eradication of cash, privacy, and liberty, globalists are plotting the beginning of the end, but there is hope, and you can help stop it. Alex Newman and Glenn Beck share how.

    https://libertysentinel.substack.com/p/global-digital-gulag-imminent-brought?utm_source=post-email-title&publication_id=1434665&post_id=144137302&utm_campaign=email-post-title&isFreemail=true&r=ems7f&triedRedirect=true&utm_medium=email

    Alex makes the heavily-documented case that the U.N. and Bill Gates are building "a giant digital gulag for humanity" to assert digital control from the top down using tools like central bank digital currencies (CBDCs) and digital IDs to not only monitor what you do but to manipulate it. Sweden already has thousands of people "with microchips in their hands," Newman shared

     

  8. Site: LifeNews
    4 days 9 hours ago
    Author: Ben Johnson

    The Biden administration has asked the Supreme Court to overturn a state pro-life protection by arguing that a federal law designed to protect the “unborn child” requires doctors to carry out abortions.

    In arguments before the Supreme Court, the administration’s top legal advocate asked justices to strike down an Idaho law protecting most children from abortion on the grounds that it conflicts with the Emergency Medical Treatment & Labor Act (EMTALA).

    But “EMTALA doesn’t address abortion. EMTALA addresses the issue of whether access to health care is available to people who are indigent, whether hospitals can turn away people who don’t have the means to pay for hospitalization or ER services,” Idaho Attorney General Raul Labrador (R) told “Washington Watch” on Thursday. The Biden administration’s argument “turns EMTALA on its head. It turns jurisprudence for the last 40 years on its head.”

    The EMTALA law, signed into law by pro-life President Ronald Reagan in 1986, intended to prevent hospitals from refusing to care for sick people who are uninsured or cannot pay for bona fide medical care. The text of EMTALA states four times that doctors must care for a pregnant woman or her “unborn child.” For instance, the law bars physicians from any action that “may pose a threat to the health or safety of the woman or the unborn child.”

    “When President Reagan signed EMTALA, he never intended that it would be used as a Trojan horse for mandatory abortion,” stated Blaine Conzatti, president of the Idaho Family Policy Council, which filed two amici briefs in the case. “The language of EMTALA is clear: Emergency room physicians are required to do everything possible to save the lives of both mother and baby.”

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    Justices noticed the incongruity during oral arguments in Moyle v. United States, which ran an exceptionally long one hour and 53 minutes on Wednesday, April 24. “Isn’t that an odd phrase to put in a statute that imposes a mandate to perform abortions? Have you ever seen an abortion statute that uses the phrase ‘unborn child?’” asked Justice Samuel Alito, who authored the Dobbs decision.

    “It seems that the plain meaning is that the hospital must try to eliminate any immediate threat to the child,” Alito continued. But carrying out an “abortion is antithetical to that duty.”

    Protecting life motivated the statute at the heart of the lawsuit. After the Dobbs decision returned abortion to democratic control, Idaho enacted the Defense of Life Act, which would punish abortionists who take the life of an unborn child with two to five years in prison; they could also have their medical license suspended on the first offense and revoked for carrying out any subsequent criminal abortion. But the statute specifically states the law does not apply if an emergency doctor decides in good faith that an “abortion was necessary to prevent the death of the pregnant woman.” Furthermore, the law does not apply to “[m]edical treatment provided to a pregnant woman by a health care professional” that “results in the accidental death of, or unintentional injury to, the unborn child,” such as treating an ectopic pregnancy or caring for a miscarriage.

    Yet the Biden White House took pains to blunt Americans from taking any actions that undermined the abortion industry, which is a major donor to Democratic causes in general and the Biden campaign specifically. “Right after the Dobbs decision, they sent a letter to every hospital in the United States saying that if they receive any federal funding, that they must provide abortions,” said Labrador. “And they make the claim in that letter that that the abortion laws of the various states was actually preempted by EMTALA.” Biden’s Department of Health and Human Services (HHS) issued a July 2022, guidance claiming that, under EMTALA, “Stabilizing treatment could include medical and/or surgical interventions,” specifically including “abortion … irrespective of any state laws or mandates that apply to specific procedures.”

    The Biden administration won a judgment blocking Idaho’s pro-life law from taking effect from U.S. District Judge B. Lynn Winmill — a Clinton appointee with a history of controversial opinions, such as the 2018 Edmo v. Idaho Department of Corrections case, which ordered the state of Idaho to furnish male prison inmate Adree Edmo with a taxpayer-funded transgender surgery. (Winmill opted to move into semi-retirement by taking senior judge status in August 2021 — which allowed President Joe Biden to appoint one of Idaho’s two judges.) The 9th Circuit Court of Appeals put his decision on hold while the case makes its way through the courts.

    Critics say the Legal Left is trying to shoehorn abortion into any existing statute and override state lawmakers through presumption. “It’s the other side that is extreme, that they want abortions available at all instances of the stages of pregnancy,” said Labrador. “I think most people are closer to the Idaho position than they are to the more extreme position” — a position borne out by decades of polling data.

    To offset an unpopular abortion position in an election year, pro-life advocates state, Democrats portray Republicans as willing to let women die without miscarriage treatment — a revival of its “war on women” rhetoric. “The Biden administration’s attack on Idaho’s Defense of Life law is more of a PR stunt to spread abortion lobby misinformation than it is a valid legal strategy to take down states’ pro-life laws,” said SBA Pro-Life America’s State Public Affairs Director Kelsey Pritchard in a statement emailed to The Washington Stand. “Pregnant women can receive miscarriage care, ectopic pregnancy care and treatment in a medical emergency in all 50 states. Every pro-life law allows this.”

    Vice President Kamala Harris has repeatedly blamed pro-life laws for compelling pregnant women to have “miscarriages in toilets” — ironically, the outcome produced by chemical abortion, which the Biden-Harris administration promotes. In August 2022, Karine Jean-Pierre claimed that, due to a Texas pro-life law, pregnant women “can now be denied this same life-saving care” and “may die as a result.” Pro-abortion activists held signs outside the High Court during oral arguments alleging, “Abortion saves lives.”

    Some in the legacy media have parroted these claims. “Federal law requires emergency rooms to treat or stabilize patients who are in active labor and provide a medical transfer to another hospital if they don’t have the staff or resources to treat them. … The case before the Supreme Court today could weaken those protections,” asserted the Associated Press without proof. Pro-life advocates point out that all state protections have exceptions to preserve the mother’s life and that abortion activists’ claims may be confusing doctors and discouraging women from getting needed care.

    Abortion lobbyists say their interest is in using the courts against pro-life doctors, nurses, and institutions that resist carrying out abortions. Molly Duane of the pro-abortion Center for Reproductive Rights told reporters on a press call that the abortion industry wants the federal government to use EMTALA, in Politico’s words, “to go after hospitals in other states.” Pro-abortion activists with the Women’s National Law Center chanted “Whose courts? Our courts!” during oral arguments.

    At the Supreme Court Wednesday, the Biden administration raised the link between accepting federal funds and carrying out “emergency” abortions. Solicitor General Elizabeth Prelogar said receiving Medicare and Medicaid funds comes with strings attached. “Could the federal government condition the receipt of funds on hospitals that they comply with medical ethics rules provided for by the federal government?” asked Justice Neil Gorsuch, even if such conditions required abortion.

    “I think that very likely Congress could make those kinds of judgments and attach conditions to the receipt of federal funds,” replied Prelogar.

    “If you’re unclear whether abortion is a federal and state issue, today’s hearing at the Supreme Court should remove all doubt,” said Students for Life Action Government Affairs Coordinator Savanna Deretich outside the court as oral arguments took place. “EMTALA has been twisted by Biden’s abortion radicals to demand that in states with protective laws that embrace the preborn be forced to allow abortions in an ER.”

    Inside the courtroom, Justice Sonia Sotomayor, part of the court’s liberal bloc, likened banning abortion to a theoretical state law instructing doctors, “Don’t treat diabetics with insulin. Treat them only with pills, Metformin.”

    But forbidding any state regulation would turn the emergency room into a Wild West, argued Josh Turner, who represented the state. “If ER doctors can perform whatever treatment they determine is appropriate, then doctors can ignore not only state abortion laws but also state regulations on opioid use and informed consent requirements,” he told justices. “The answer doesn’t change just because we’re talking about abortion.”

    “Nothing in EMTALA requires doctors to ignore the scope of their license and offer medical treatments that violate state law,” said Turner. “Section 1395, the Medicare Act’s opening provision, forbids the federal government from controlling the practice of medicine. That’s the role of state regulation.”

    Turner highlighted the fact that leading medical groups do not endorse abortion as emergency treatment for many conditions. The American College of Obstetricians and Gynecologists (ACOG) “doesn’t just knee-jerk say an abortion is the standard of care” in all pregnancy-related complications, he said. “ACOG itself says that expectant management” — medically monitoring a pregnant mother’s health to observe any future changes — “is oftentimes the appropriate standard of care.”

    “Idaho does not require that doctors wait until a patient is on the verge of death,” clarified Turner, citing the Idaho Supreme Court’s Planned Parenthood v. Wasden ruling.

    The Biden administration seemed to make one significant, if legally questionable, concession during oral arguments. Under questioning, Prelogar said abortion could not be used as an emergency treatment for mental health conditions, because it “wouldn’t do anything to address the underlying brain chemistry issue that’s causing the mental health emergency in the first place.” A distraught mother demanding an abortion “might not be in a position to give any informed consent. Instead, the way you treat mental health emergency is to address what’s happening in the brain.”

    Abortion “is not the accepted standard of practice to treat any mental health emergency,” Prelogar said.

    But she may merely be attempting to downplay the impact of folding abortion into EMTALA coverage. The American Psychiatric Association has declared, “Freedom to act to interrupt pregnancy must be considered a mental health imperative with major social and mental health implications” in a 2023 position paper. “That sounds like a necessity to me,” countered Turner.

    The APA opposes “all constitutional amendments, legislation, and regulations curtailing family planning and abortion services to any segment of the population.” Such broad language might be cited “if a woman presents at seven months pregnant in an Idaho emergency room and says, ‘I’m experiencing severe depression from this pregnancy, I’m having suicidal ideation from carrying this pregnancy,’” Turner told Justice Brett Kavanaugh.

    The mother’s psychological care has justified abortion in the past under the broad “health” exception created by Roe v. Wade’s 1973 companion case, Doe v. Bolton. Doe held that “all factors physical, emotional, psychological, familial, and the woman’s age relevant to the well-being of the patient … may relate to health.”

    Failed 2016 presidential candidate Hillary Clinton posted her own dubious jurisprudential argument on X, claiming that emergency or non-emergency cases would contradict the right to “life, liberty, and the pursuit of happiness” (which is in the Declaration of Independence, not the Constitution). She chided the “MAGA Supreme Court majority,” adding, “This is horrifying, and it is because of Donald Trump.”

    Based on arguments and the law, legal experts say, the justices should side with Idaho on the merits. “The Supreme Court should uphold Idaho’s law and ensure that emergency room doctors are not forced to end lives,” said Alliance Defending Freedom Senior Counsel and Vice President of Appellate Advocacy John Bursch in a statement emailed to The Washington Stand last month.

    The EMTALA case is one of two abortion cases the Supreme Court will address this term. The other dealt with FDA approval of the abortion pill mifepristone. Justices will likely rule in June or July.

    “One thing is certain,” said Conzatti: “Whatever their decision is, it will have a far-reaching impact for pro-life protections across the country.”

    LifeNews Note: Ben Johnson is senior reporter and editor at The Washington Stand.

    The post Joe Biden is So Radically Pro-Abortion He Wants to Turn a Pro-Life Law Into an Abortion Mandate appeared first on LifeNews.com.

  9. Site: 4Christum
    4 days 9 hours ago

     



    Read at Choosing-him.blogspot

    Bishop Mutsaerts Harshly Judges Fiducia Supplicans


    Bergoglio Promoter of Sodomy

    Remember that Bergoglio began his false pontificate attacking Catholic morality, saying that the Church was obsessed with issues of homosexuality and abortion, Well, he is obsessively and diabolically attacking Catholic morality and challenging God's Natural Law.
    Homosexuality is the supreme offense against God: Saint Hildegard



  10. Site: Zero Hedge
    4 days 9 hours ago
    Author: Tyler Durden
    Want To Know What Is Really Going On In Biden's Economy, Read This

    One can listen to, and believe, the government's lies about the miraculous growth of the economy and the stellar job that Bidenomics is doing... or one can listen to the truth straight from the countless small companies that make up the economy. We prefer the latter, which is why we love the monthly responses to the Dallas Fed survey, where unlike the other regional Feds, the respondents actually get a fair forum.

    So without further ado, here are all the comments in the April Dallas Fed Service Sector Outlook Survey presented unedited and without commentary. Trust us, none is needed (but the highlights are ours).

    Truck transportation

    • We repair long-haul trucks. The volume just keeps going down, which means everyone is holding back on repairs, so we have no work. Inflation keeps driving our costs up. It's not looking pretty for trucking.

    Support activities for transportation

    • We are seeing an uptick in rates and activity. The excess capacity slowly bleeding out of the market is causing this.

    Publishing industries (except internet)

    • Momentum is still based on intuitive smarter software revisions. Commercial interest is also finally increasing with better relationship contacts to speed credible traction and interest for adoption going forward. We are more focused now on marketing and sales.
    • The impact of the higher rate environment seems to be catching up, with general purchase intent among customers flattening out. At the same time, budget cuts and political uncertainty have impacted our public sector business as well, creating additional uncertainty across our business.

    Credit intermediation and related activities

    • The stress of an election year adds to the concern citizens have about the direction of our economy.
    • We recently renegotiated our $600 million debt facility. Our cost of funds went from 9 percent to 14 percent—that's a pretty big hit to our bottom line and resulted in us increasing prices to our customers.  Our business focus has been on forecasted easing; however, the reality of rates staying higher longer is creating uncertainty.
    • Commercial real estate transactions are down by 70-80 percent according to the brokers we talk to, and our loan origination volume reflects that as well. Borrowers are concerned about future business prospects. We recently had a client decide not to take a loan to refinance a warehouse used in their business because they were concerned about their future business prospects. At the same time, the cost of everything we buy, from paper to electricity, is rising.
    • The Federal Reserve signaling it will hold the rate at the current level for longer has affected our outlook negatively. One of our biggest issues with inflation is the cost of housing. These high rates do not help that, and prices of everything else are not declining or remaining stable.

    Securities, commodity contracts and other financial investments and related activities

    • Recent movement in long-term rates, combined with the Fed holding rates longer, have delayed the expected value of investment recovery until 2025 or later.

    Insurance carriers and related activities

    • We are recruiting experienced insurance professionals, and there is a small pool to draw from, unfortunately. We will keep looking.
    • Property insurance and affordability are slowing our growth opportunities.

    Real estate

    • The increase in treasury yields since last fall has negatively impacted deal-making activity in the income property industry
    • We are a real estate broker company and we have about 350 agents. They are independent agents not salaried employees. Our business slows during election years, and high interest rates have hurt first-time buyers.
    • Cost of capital is weighing on our customers and decreasing volume.

    Rental and leasing services

    • We are a construction machinery and material handling dealership. Our business in the first quarter of 2024 was down 2 percent, and the industry was down 12.3 percent. Our manufacturing clients seem almost on the verge of panic, and there is stuff in inventory. We need a guest-worker program to meet our skilled-labor needs long term.

    Professional, scientific, and technical services

    • Persistent inflation and the Fed potentially delaying rate cuts are causing uncertainty for the second half of 2024.
    • We are still worried about the election causing uncertainty in our clients and prompting a slowdown later this year. Some clients are still worried about inflation and are stalling projects because of the volatility in the supply market. Overall, it is tough to make any forecast right now. Our backlog is strong for the next couple of months, but not as far in the future as we would like.
    • The market was slower in the first quarter, but it is now in recovery.
    • We are increasingly seeing small professional firms shrinking or simply closing up shop. The labor shortage is a major reason for giving up the fight. There's plenty of demand for professional services, but there is not enough trained staff. Retaining staff is a major headache. Owners nearing retirement are giving it up sooner rather than later.
    • Burdensome federal regulations are increasing the cost to do business, such as the so-called "Corporate Transparency Act" and minimum wage increases that just continue to drive inflation.
    • General outlook has improved primarily due to our increased investment in marketing and an increase in general business activity.
    • We see a slight uptick in transactional matters.
    • Trying to factor in how remote-work scheduling impacts the need for space and resources is challenging.
    • Competitive labor market remains; it’s harder to recruit great talent; health insurance is increasing.
    • We have not been this slow since the Great Recession. This includes Covid. We cannot understate how terrible the prospective real estate market is. People are not filing zoning cases, meaning in two years there will not be construction. Volumes have gone down in the automotive industry. It seems they are beginning to turn around, so we're hoping.
    • This real estate market is hard to figure out. With the 10-year rate still moving in the wrong direction, and the likelihood of a rate cut not coming this year due to inflation and the strength of the economy, we just can't see the market improving until next year.
    • The Fed is now unlikely to cut interest rates; concerns over recession continue.

    Management of companies and enterprises

    • Overregulation takes away a lot of time and money.

    Administrative and support services

    • Continued high interest rates, inflation and general economic malaise has caused employers to be very reluctant to hire professional level talent. They may replace talent if they have attrition, but in general, they are very slow to make any new hire decisions.
    • There has been a marked decline in requests for quotes for the month. This decline does not fit in our normal seasonal changes.
    • The intensity of international conflict and increasing long-term rates certainly raise concerns.
    • Geopolitical tensions are creating an uncertain environment. Also, upcoming elections and how this may affect the Fed’s monetary policy is a concern.
    • High interest rates have drastically hindered our ability to grow our business, and it looks like a rate cut is not likely happening in 2024.

    Texas Retail Outlook Survey

    Accommodation

    • Between increasing inflation, high interest rates and instability in the Middle East, we are growing more concerned that the upcoming summer travel season will be depressed compared to prior years.
    • March 2024 is viewed as a contradiction in that we had several areas perform at or close to expectations and others that were far below. That seems to be the same in April. Difficult to understand what is happening.

    Food services and drinking places

    • The stalled return to office and the decline of weekday business travel to downtown remain drags on revenue. We see a softening in other meal periods, and we believe it is due to the increase in menu prices. Hiring experienced staff with knowledge remains very difficult. Where did seasoned workers go? Cost of goods sold continues to increase.
    • We are still hanging on by a thread after closing one business last month.
    • The energy sector continues to be strong, which positively affects my business. Midland continues to attract a younger population.

    Motor vehicle and parts dealers

    • The margin on new vehicles sold per unit declined 50 percent year over year in March 2024, which was a direct benefit to the consumer.
    • We are continuing to see labor shortages in the workforce and a lack of effort to pursue the positions available from those applicants responding to open positions.

    Electronics and appliance stores

    • Building activity is down still and looks to be getting worse.
    Tyler Durden Tue, 04/30/2024 - 14:25
  11. Site: 4Christum
    4 days 9 hours ago

     Dr. John Haas, a professor of moral theology, criticized  Bergoglio's-approved Fiducia Supplicans for seeming to be 'entirely removed from the realm of human action' and representing a 'significant endorsement and advancement' of the 'gay agenda.'

    Read at LifeSiteNews

    Featured Image
  12. Site: AsiaNews.it
    4 days 9 hours ago
    Fr Bahjat Karakach, a Franciscan, talks about the difficult situation in the battered city after 13 years of war, a powerful earthquake, and the Gaza War. With inflation and rents skyrocketing, people survive with 'remittances from relatives abroad.' The parish is involved in various projects in neighbourhoods once occupied by militias where poverty and degradation are high. The Church today is "a light in the midst of darkness.'
  13. Site: Zero Hedge
    4 days 9 hours ago
    Author: Tyler Durden
    China Threatens To Retaliate Against US Over Taiwan Aid And TikTok Ban

    Authored by Eric Lundrum via American Greatness,

    On Monday, the Chinese government threatened to retaliate against the United States after a $95 billion foreign aid package was signed into law, which included aid for Taiwan and a provision to ban the Chinese social media app TikTok.

    As reported by Fox News, the bill signed into law by Biden on Wednesday included $2 billion to restock American weapons provided to Taiwan and other allies in the Indo-Pacific, in a direct attempt to deter Chinese aggression in the region. Additionally, the law demands that TikTok’s parent company ByteDance sell the popular app to another company within nine months, or else the app will be banned from use in the United States.

    “China firmly rejects the U.S. passing and signing into law the military aid package containing negative content on China,” said Chinese Foreign Ministry spokesman Lin Jian in a briefing.

    “We have lodged serious representations to the U.S.”

    “This package gravely infringes upon China’s sovereignty. It includes large military aid to Taiwan, which seriously violates the one-China principle, and sends a seriously wrong signal to ‘Taiwan independence’ separatist forces,” Lin continued.

    “The legislation undermines the principles of market economy and fair competition by wantonly going after other countries’ companies in the name of ‘national security,’ which once again reveals the U.S.’s hegemonic and bullying nature.”

    The issue of Taiwan has remained a contentious point in U.S.-China relations, with some considering Taiwan to be a free and independent nation, while others believe it to be part of China. The federal government has never taken a clear stance on the question, thus highlighting the significance of the decision to provide direct aid to Taiwan.

    TikTok has faced widespread scrutiny from both sides of the political aisle, with Republicans pointing out its threat to national security by virtue of it being a Chinese company preying on American users, while Democrats have raised concerns about users’ private information being easily accessed and sold by the company.

    TikTok is most popular among younger Americans such as Generation Z, or “Zoomers,” and the ban being signed into law has sparked outrage against Biden among younger voters.

    Tyler Durden Tue, 04/30/2024 - 14:05
  14. Site: Zero Hedge
    4 days 10 hours ago
    Author: Tyler Durden
    WeWork Snubs Co-Founder Neumann As It Targets Quick Turnaround From Bankruptcy

    After years of enriching himself to the tune of billions from his failed company WeWork, co-founder Adam Neumann is finally getting a small dose of karmic payback.

    It was reported yesterday by Bloomberg that WeWork and its main backers, including SoftBank, have reached a new agreement to pull the struggling workspace provider out of bankruptcy, rejecting a rival proposal from co-founder Adam Neumann to buy back the company.

    Under the deal, senior lenders will provide about $450 million in financing, gaining equity in the reorganized business. Additionally, SoftBank and other creditors may convert their debt into stock post-bankruptcy. This marks a significant step for WeWork, aiming to emerge from court protection with reduced debt and more efficient leases.

    And to not be at the behest of, or enriching, Adam Neumann, will really mark a shift in strategy for WeWork...

    A lawyer backing the deal told Bloomberg the deal  “is some of the best news we’ve had in this case,” and said the company is on a “fast and reliable path out of bankruptcy.”

    WeWork aims to exit bankruptcy swiftly due to the high costs and unsustainable administrative expenses of the Chapter 11 proceedings. The proposed restructuring, backed by most senior debt holders and unsecured creditors, sidelines co-founder Adam Neumann's bid to repurchase the company.

    Neumann's offer, valued at $650 million, hinges on winning support from senior lenders, who are crucial to the deal's success. However, WeWork's advisors have rebuffed Neumann's attempts to negotiate and have proceeded with the restructuring without public bidding on the company's assets.

    Bloomberg reported that US Bankruptcy Judge John K. Sherwood emphasized the lenders' prerogative to decide on negotiations with Neumann based on their economic interests. If executed, the restructuring would result in majority ownership by Yardi's investment arm and involvement from WeWork bondholders.

    SoftBank would retain ownership stake, initially at least 16.5%, potentially increasing to 36% depending on the treatment of letters of credit. WeWork must finalize the proposed deal into a contract and seek creditor approval for its broader reorganization plan.

    The report notes that Neumann could still contest the deal by petitioning Sherwood to reject the reorganization proposal. 

    And, normally taking the punchbowl away from someone who has already "earned" billions he didn't deserve shouldn't be of any concern, but we're sure Neumann's ego won't let that be the case. We're certain protest and prolonged litigation from Neumann will come from this, claiming he was "unfairly" snubbed...

    *WEWORK CUTS BANKRUPTCY EXIT DEAL THAT LEAVES OUT ADAM NEUMANN

    But how will the world's biggest grifter become the world's first trillionaire

    — zerohedge (@zerohedge) April 29, 2024
    Tyler Durden Tue, 04/30/2024 - 13:45
  15. Site: LifeNews
    4 days 10 hours ago
    Author: Dan Hart

    As the Biden campaign continues to push abortion as its primary focus ahead of the November elections, the administration made yet another move to ensure that abortion remains front and center by moving to insert the issue into the Pregnant Workers Fairness Act earlier this month — a move that earned a strong rebuke and lawsuit from a group of 17 Republican state attorneys general.

    In mid-April, the Equal Employment Opportunity Commission (EEOC) announced that it was controversially adding abortion into its draft rules for the Pregnant Workers Fairness Act, allowing workers to “ask for time off to obtain an abortion and recover from the procedure.” But critics say the legislation was never intended to address abortion and was merely meant to give pregnant women commonsense accommodations in the workplace, including time off for medical appointments, options to sit down and stand up while working, exemptions from heavy lifting, time off for postpartum recovery, bathroom, breastfeeding, food, and water breaks, considerations for morning sickness, and more.

    In response, a coalition of 17 state attorneys general filed a lawsuit last week against the EEOC, claiming that the abortion rule is unconstitutional, among other concerns. “[U]nelected commissioners at the EEOC seek to hijack these new protections for pregnancies by requiring employers to accommodate elective abortions — something the Act clearly did not authorize,” said the AG coalition in a statement. “The EEOC’s rule constitutes an unconstitutional federal overreach that infringes on existing state laws and exceeds the scope of the agency’s authority.”

    REACH PRO-LIFE PEOPLE WORLDWIDE! Advertise with LifeNews to reach hundreds of thousands of pro-life readers every week. Contact us today.

    State attorneys general who signed onto the lawsuit include Alabama, Arkansas, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Missouri, Nebraska, North Dakota, Oklahoma, South Carolina, South Dakota, Tennessee, Utah, and West Virginia.

    Last week, Alabama Attorney General Steve Marshall (R) joined “Washington Watch” to discuss why he joined the lawsuit against the EEOC’s actions.

    The original text “is a wonderful, bipartisan supported [bill] — and we don’t say that very often with things that come out of Washington — to make sure that we accommodate pregnant women in the workplace because we want to have healthy pregnancies and children that come to birth,” he noted. “[L]et’s make sure that we fill a gap in federal law to ensure that pregnant women have those accommodations. … And now, the EEOC that was tasked by Congress to come out with some very specific aspects of what that looks like, now want to make sure that states like Alabama would have to violate state law to somehow or another accommodate a woman who wants an abortion. Alabama is not going to stand for that, along with the [16] other states that are a part of this coalition.”

    Marshall went on to point out that even pro-abortion Democrats explicitly stated that the bill had nothing to do with abortion when it was passed, which still hasn’t stopped the Biden administration’s actions.

    “One of the Democratic sponsors of this bill made it very clear on the floor of the Senate that this bill had nothing to do with abortion [and] assured his colleagues on both sides of the aisle the intention of this bill,” he observed. “And yet, despite its clear language, what we see is [the] Biden administration co-opting a valid, appropriate law to be able to enforce this pro-abortion agenda. I know we shouldn’t be surprised, but it’s one of the reasons why I’m so proud of my colleagues across the country on many pro-life issues, because we’re standing in that gap that we need in this country to make sure that we can push back on an administration that’s just simply gone too far.”

    Marshall further made it clear that state attorneys general have a particularly important role to play in pushing back against the Biden administration’s tendency to try unconstitutional tactics to get its policies into place.

    “This is an unelected, unaccountable group,” he underscored. “… [W]e’ve seen this on multiple fronts with this administration, whether it be attacking pro-life states like Alabama. We’ve seen it with this radical gender ideology that’s being pushed through multiple federal programs. It’s why, uniquely, attorneys general in this important time in our nation have the opportunity to be able to hold [the administration] in check.”

    The Alabama attorney general additionally pointed to how state law will have strong legal footing against the measure in court.

    “[W]hat we see also with this particular rule is an effort to impose a federal policy of this administration on a state like Alabama, whose law is abundantly clear that we are a pro-life state in our Constitution,” Marshall explained. “… [T]o somehow or another use an unaccountable body like the EEOC to circumvent valid state law and constitutional provisions, we think we’re on solid legal footing to be able to push back and to win. … The key right now is attempting to get that initial injunctive relief, to be able to hold this rule in abeyance before its full implementation. But we feel very confident about the work of our colleagues, grateful for the efforts of Tennessee and Oklahoma to lead this charge, but do feel strongly that we’re going to prevail.”

    LifeNews Note: Dan Hart writes for the Family Research Council. He is the senior editor of The Washington Stand.

    The post 17 States Fight Joe Biden’s Plan to Force Employers to Fund Abortions appeared first on LifeNews.com.

  16. Site: Zero Hedge
    4 days 10 hours ago
    Author: Tyler Durden
    Bullish Sentiment Index Reverses With Buybacks Resuming

    Authored by Lance Roberts via RealInvestmentAdvice.com,

    Over the last two weeks, the bullish sentiment index has reversed from extreme greed to fear. The composite net bullish sentiment index, comprised of professional and retail investors, fell from 38.15 to 9.9 in two weeks. The previous drop between July and October last year was similar and marked the bottom of the correction.

    While the bullish sentiment index can indeed fall further, what is notable is the sharp reversal of market “exuberance” in such a short span. However, as discussed in “Just A Correction,” there was a significant gap between buyers and sellers.

    However, at some point, for whatever reason, this dynamic will change. Buyers will become more scarce as they refuse to pay a higher price. When sellers realize the change, they will rush to sell to a diminishing pool of buyers. Eventually, sellers will begin to “panic sell” as buyers evaporate and prices plunge.”

    Like clockwork, that correction came quickly, with the market finding initial support at the 100-DMA. With solid earnings from GOOG and MSFT, the market rallied to initial resistance at the convergence of the 20- and 50-DMA. It would be unsurprising if the market failed this initial resistance test and ultimately retested the 100-DMA soon. Such a pullback would solidify that support and complete the reversal of the bullish sentiment index.

    In early April, we wrote:

    “Whatever trigger causes a reversal in the bullish signals, we will act accordingly to reduce risk and rebalance exposures. But one thing is sure: investor sentiment is extremely bullish, which has almost always been a good “bearish signal” to be more cautious.

    While we have warned of a potential correction over the past few weeks, it reminds us much of June and July last year, where similar warnings for a 10% correction went unheeded. We are now seeing many individuals ‘jumping into the pool’ in some of the most speculative areas of the market. Such is usually a sign we are closer to a market peak than not. As such, we want to make adjustments before the correction comes.”

    Very quickly, as supported by the bullish sentiment index, those bulls are turning bearish and are now calling for a more profound decline.

    While such is possible, I suspect most of this correction is complete for two reasons.

    Earnings Continue To Remain Strong

    The first reason is that despite higher interest rates, earnings growth continues to remain robust, at least among the “Magnificent 7,” where Google (GOOG) and Microsoft (MSFT), in particular, exceeded estimates by a wide margin. However, overall, and most importantly, earnings growth has continued since the October lows of 2022. Notably, the support for improving earnings comes from the increased fiscal policies such as the Inflation Reduction Act and CHIPS Act.

    While those policies will eventually fade, making forward estimates subject to downward revisions, the current earnings environment remains relatively robust. Furthermore, forward estimates remain optimistic that the Federal Reserve will cut rates later this year, lowering borrowing costs and supporting economic activity.

    Notably, the increase in earnings, at least for now, remains a strong indicator of rising asset prices. The risk of a deeper market correction (greater than 10%) is significantly reduced during previous periods of improving earnings. While such does not mean a deeper correction can not happen, historically, corrections between 5% and 10% in an earnings growth environment tend to be buying opportunities and limit deeper reversal in the bullish sentiment index.

    Improving earnings also precedes improving CEO confidence, which has provided pivotal support to financial markets since 2000.

    Buybacks Returning

    We discussed the most critical reason we expected a market correction in mid-March. To wit:

    “Notably, since 2009, and accelerating starting in 2012, the percentage change in buybacks has far outstripped the increase in asset prices. As we will discuss, it is more than just a casual correlation, and the upcoming blackout window may be more critical to the rally than many think.” – March 19, 2024

    Furthermore, the “blackout” of corporate buybacks coincided with more extreme readings in the bullish sentiment index. Buybacks are crucial to the market because corporations have accounted for roughly 100% of net equity purchases over the last two decades.

    Here is the math of net flows if you don’t believe the chart:

    • Pensions and Mutual Funds = (-$2.7 Trillion)

    • Households and Foreign Investors = +$2.4 Trillion

      • Sub Total = (-$0.3 T)

    • Corporations (Buybacks) = $5.5T

      • Net Total = $5.2 Trillion = Or 100% of all equities purchased

    Unsurprisingly, that blackout window coincided with a sharp contraction of more than $367 billion in buybacks over the last 4-weeks. Consequently, when you remove a critical “buyer” from the market, the ensuing correction is unsurprising.

    However, corporate share buybacks will resume in the next couple of weeks, and with more than $1 trillion slated for 2024, many buybacks remain to complete. Such is particularly the case with Google adding another $70 billion to that total.

    As noted above, improving earnings and a decent outlook for the rest of this year also boost CEO confidence. (If you don’t understand why buybacks benefit insiders and not shareholders, read this.)

    With robust economic activity supporting earnings growth, that improvement boosts CEO confidence. As CEOs are more confident about their business, they accelerate share buybacks to increase executive compensation.

    The liquidity boost from buybacks and stronger earnings will likely provide a floor below the market. This doesn’t mean the current correction doesn’t have more work to do. However, it is unlikely that it will resolve into something more significant.

    At least for now.

    Tyler Durden Tue, 04/30/2024 - 13:25
  17. Site: Zero Hedge
    4 days 10 hours ago
    Author: Tyler Durden
    Your Tax Dollars At Work: US To Buy Ukrainian-Made Weapons For Ukraine

    It's not just US and Western defense contractors and arms makers that have been raking in the billions as a result of Washington's mammoth defense aid handed over to Ukraine, but Ukrainian defense companies are also enjoying the largesse at US taxpayers' expense.

    "A total of $1.6 billion of the recent US aid to Ukraine would go to the purchase of Ukraine-made weapons, said a senior Kyiv official," Defense Post reports of the $61 billion in US aid just approved.

    Image via Reuters

    G7 countries have been planning broader assistance to Ukraine which would develop and prop up a Ukrainian domestic military-industrial complex for the long-term, in order to ensure the country's independence from Russia well into the future.

    Ukraine parliamentarian and foreign policy committee member Arseniy Pushkarenko has said, "This is very important today, because it is about the creation of joint defense enterprises that will be located on the territory of Ukraine or in neighboring countries, taking into account security aspects."

    The funds will be taken from the $14 billion apportioned by Congress for the Ukraine Security Assistance Initiative (USAI), allowing the DoD to purchase new weapons for Ukraine.

    Interestingly, Pushkarenko admitted that all of this is about more than just defending Ukraine from the Russian military onslaught, but is also about 'testing' new weapons systems in real combat.

    "This is one of the factors in the development of the Ukrainian economy. Today, the military technologies that we have are tested in combat conditions, which makes our military-industrial complex attractive enough for many countries of the world," he said.

    Other Western countries, including the United Kingdom and Denmark, are expected to establish programs ensuring the purchase of Ukrainian-made weapons.

    As we've long documented, over the course of more than two years of war in Ukraine, American defense firms are making a killing, with four US-based companies having been ranked as among the world’s five largest military companies.

    Zelensky promises more Ukraine-made weapons in new year speech https://t.co/7UCb6pLX17

    — BBC News (World) (@BBCWorld) January 1, 2024

    The legendary early 20th century US Marine Corps Major General Smedley Butler said it best:"War is a racket. It always has been... It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives."

    Tyler Durden Tue, 04/30/2024 - 13:05
  18. Site: AsiaNews.it
    4 days 10 hours ago
    The deputy governor of Lanao del Sur, who chairs the SIAP, is behind the new alliance, whose aim is to represent and meet voters' demands. President Marcos warns that he will not tolerate any attempt to obstruct or stop the upcoming election after officials with the Transition Authority linked to the MILF had asked for another postponement of three years.
  19. Site: LifeNews
    4 days 10 hours ago
    Author: Joshua Mercer

    An article published in The Washington Post Monday morning appeared to acknowledge “errors” in the process of in-vitro fertilization (IVF) which “are rarely made public.”

    The analysis piece titled “Most IVF errors go unreported, experts say,” described IVF practices as “opaque.”

    “When a storage tank at a San Francisco fertility center imploded, 4,000 human eggs and embryos were damaged or destroyed,” wrote the article’s author McKenzie Beard.

    “A subsequent jury ruling attributed much of the disaster to a manufacturing flaw while also implicating the center itself,” Beard added.

    She continued:

    A subsequent jury ruling attributed much of the disaster to a manufacturing flaw while also implicating the center itself …

    The lab director had unplugged a malfunctioning computer, muting 128 alarms that warned of trouble. Lab personnel didn’t transfer the tank’s contents to a backup vessel after the computer failed.

    LifeNews is on GETTR. Please follow us for the latest pro-life news

    Beard noted that the news of the civil lawsuit filed after the tragic 2018 incident gave the public “a rare glimpse into the insular world of U.S. fertility care.”

    “Experts say errors and accidents often go unreported in the burgeoning industry, which is largely self-policed,” the Post writer indicated.

    Per Gibbs Law Group, a jury in 2021 “awarded $14.975 million in aggregate damages to five” families who lost human embryos and eggs as a result of tank failure.

    “Without data on errors, experts say it’s impossible to measure the quality of U.S. reproductive care,” Beard wrote later in her piece:

    While states license clinics and professional bodies oversee practitioners, inspection and accreditation of labs primarily fall to private, voluntary organizations. Many inspectors are lab directors themselves who review one another’s work looking for systemic problems, not lost reproductive material

    “[T]he federal government generally stays out of fertility clinics because of the fraught politics, for both Democrats and Republicans, of regulating the creation and destruction of embryos,” Beard stated at the end of her analysis.

    The same day, left-wing outlet Vox published another article appearing to criticize the so-called “fertility industry.”

    In the piece titled, “The failed promise of egg freezing,” author Anna North wrote: “[F]ar from ushering in a new era of gender equality, some experts say, the procedure serves as another way for companies to make money from stoking women’s anxieties.”

    North continued: “Sales pitches about egg freezing, rather than liberating women from their biological clocks, simply became another way to put pressure on them, says Jody Madeira, a law professor at Indiana University Bloomington.”

    The Vox article concluded that egg freezing “has done little … to materially change women’s lives.”

    Later Monday morning, Heritage Foundation Senior Research Associate Emma Waters wrote on X (formerly Twitter) that she is “thrilled” that two left-of-center outlets simultaneously “published stories digging into the Wild West of the fertility industry.”

    “Despite many bold promises to women, egg freezing fails many while negligence in IVF is rarely publicly or legally addressed,” added Waters, a prominent critic of so-called “reproductive technology.”

    “Women deserve better!” she emphasized.

    LifeNews Note: Joshua Mercer writes for CatholicVote, where this column originally appeared.

    The post Liberal Media Admits IVF Has “Errors” That are “Rarely Made Public” appeared first on LifeNews.com.

  20. Site: Zero Hedge
    4 days 11 hours ago
    Author: Tyler Durden
    New Biden Energy Rules Will Raise The Cost Of A New Home By $31,000

    Authored by Mike Shedlock via MishTalk.com,

    New HUD energy rules will raise the cost of home construction by imposing stricter building codes. Payback time is 90 years...

    Homes To Become Even More Unaffordable

    The Wall Street Journal comments on Biden’s New Plan for Unaffordable Housing.

    The Department of Housing and Urban Development is mandating costly new energy standards for new homes insured by the Federal Housing Administration (FHA), which will become de facto nationwide building codes.

    HUD last Thursday announced that it will require new homes financed or insured by its subsidy programs to follow the 2021 International Energy Conservation Code standard.

    Many governments have declined to adopt the 2021 standards because of their higher costs. The National Association of Home Builders says the energy rules can add as much as $31,000 to the price of a new home. It can take up to 90 years for a buyer to realize a payback on the higher up-front costs through lower energy bills.

    Not to worry, HUD says taxpayers will help cover the cost. It “is anticipated that many builders will take advantage” of numerous tax incentives in the Inflation Reduction Act “as well as rebates that will become available in 2025 or earlier for electric heat pumps and other building electrification measures,” the rule says.

    These incentives include a $5,000 per unit tax credit for “zero energy” multifamily construction that meets prevailing-wage requirements that also raise building costs. HUD adds that builders may also “take advantage of certain EPA Greenhouse Gas Reduction Fund programs, especially the Solar for All initiative” and an investment tax credit that can offset 50% of a solar project’s cost.

    Even with the subsidies, HUD estimates the price of a new home will go up by $7,229.

    You get a $5,000 credit but only if the builder pays union wages for everything. How much will that cost?

    My general rule of thumb is to take government estimates and triple them. That’s for short projects like building a home. But 10x would not be surprising. And this is with subsidies.

    Generational Homeownership Rates

    Home ownership rates courtesy of Apartment List

    Who Are the Renters?

    The answer is younger voters and blacks.

    Generation Z homeownership is dramatically lower than the home ownership rate of millennials.

    And according to the National Association of Realtors, the homeownership rate among Black Americans is 44 percent whereas for White Americans it’s 72.7 percent.

    That’s the largest Black-White homeownership rate gap in a decade.

    Home Prices Hit New Record High

    Case-Shiller, OER and CPI data from St. Louis Fed, chart by Mish

    The latest Case-Shiller housing data shows home prices hit a new record high. Adding insults and costs, the 30-year mortgage rate ended last week at 7.50 percent

    Youth Poll

    On April 20, I commented People Who Rent Will Decide the 2024 Presidential Election

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

    Many with rent as their top concern will switch to Trump. They are fed up with rising inflation. Rent is up at least 0.4 percent per month for 30 months.

    Young voters propelled Biden over the top in 2020. Things look very different today. Many voters who do not like either Trump or Biden will sit this election out.

    Tyler Durden Tue, 04/30/2024 - 12:45
  21. Site: Zero Hedge
    4 days 11 hours ago
    Author: Tyler Durden
    Walmart Targets Gen-Z With Cheap Private Label Food As Youngsters Struggle In Era Of Failed Bidenomics

    Walmart executives must be paying attention to Gen Z consumers bitching on TikTok and X about the failures of Bidenomics, as many of them have to work multiple jobs and still can't afford to put food on the table, pay shelter costs, and buy gasoline at the pump. That's why America's largest retailer is launching a new line of cheap store-brand groceries for consumers, more importantly, targeting lost and hopeless youngsters. 

    Bettergoods is Walmart's "largest private brand food launch in 20 years and the fastest food private brand Walmart has brought to market," according to the retailer in a press release published Tuesday morning. 

    The new brand targets young consumers and will offer them 300 items, including frozen, dairy, snacks, beverages, pasta, soups, coffee, chocolate, and more. Prices of the goods range from under $2 to under $15, with most products available for under $5.

    "Today's customers expect more from the private brands they purchase – they want affordable, quality products to elevate their overall food experience. The launch of bettergoods delivers on that customer need in a meaningful way," said Scott Morris, senior vice president of private brands, food and consumables.

    Morris continued, "Bettergoods is more than just a new private brand. It's a commitment to our customers that they can enjoy unique culinary flavors at the incredible value Walmart delivers."

    Over the last few years, retailers have made a major push to expand private label brands that offer consumers a cheaper option amid persistent high inflation. This has forced many to drain personal savings and max out credit cards—just to survive the ongoing inflation storm. 

    We have been documenting the countless number of Gen-Zers who have taken to various social media platforms to complain about how liberal colleges and Bidenomics are scams. Many of these youngsters seem more miserable than millennials who entered the workforce after the 2008 financial crash. At least back then, millennials weren't battered by high inflation. 

    The latest Gallup poll numbers show youngsters are at a breaking point with Democrats who have promised them nothing but rainbows and unicorns, only to step foot in the real world after obtaining a worthless liberal arts college degree to realize affording rent, $1,000 car payments, and $15 avocado and toast is not what they signed up for.  

    Walmart is smart. They're reading the crowd's outrage about 'Biden-flation' hitting supermarket items. 

    And it's only a matter of time before Gen-Zers have to make the difficult decision to trade down from Walmart to Dollar General as the inflation storm heats up (read here). What comes next? Well, it's dumpster diving

    Tyler Durden Tue, 04/30/2024 - 12:25
  22. Site: LifeNews
    4 days 11 hours ago
    Author: Steven Ertelt

    In a new interview with Time magazine, former President Donald trump reaffirmed his new states’ rights position on abortion. The GOP presidential hopeful said he fully supports states making the legislative policy decisions when it comes to abortion.

    He confirmed he would not intervene when states protect babies from abortions.

    Asked about the specifics of abortion policy, Trump said his views don’t matter because he’s leaving it up to the states.

    “It’s irrelevant whether I’m comfortable or not,” Trump said. “It’s totally irrelevant, because the states are going to make those decisions.”

    When asked about a federal bill to protect babies from abortion, Trump repeated the same refrain.

    “I’m leaving everything up to the states,” he said.

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    Trump declined to say whether he would sign or veto a Congressional bill protecting babies from abortions – repeating a third time that abortion is “back in the states.”

    “Again, you’ll have to speak to the individual states,” he said.

    Trump declined to discuss the dangerous abortion pill mifepristone that kills babies and has killed or injured women – saying he will issue a position on that in the coming weeks.

    “Well, I have an opinion on that, but I’m not going to explain. I’m not gonna say it yet.” He said he would announce his position “probably over the next week.” When pressed for an answer, Trump sought more time. “I will be making a statement on that over the next 14 days.”

    The post Trump Says He Won’t Intervene When States Protect Babies From Abortions appeared first on LifeNews.com.

  23. Site: Zero Hedge
    4 days 11 hours ago
    Author: Tyler Durden
    China Hosts Hamas & Palestinian Authority For Rare Talks

    Via The Cradle

    Representatives of Hamas and the Palestinian Authority’s (PA) Fatah party met recently in Beijing and held talks on reconciliation, the Chinese Foreign Ministry announced Tuesday. "Representatives of the Palestine National Liberation Movement and the Islamic Resistance Movement [Hamas] recently came to Beijing," China’s Foreign Ministry spokesman Lin Jian said. 

    "The two sides fully expressed their political will to achieve reconciliation through dialogue and consultation, discussed many specific issues, and made positive progress," he added. The spokesman did not clarify exactly what day the meeting took place. 

    Prior intra-Palestinian talks in Moscow, via Reuters

    China, Hamas, and Fatah confirmed beginning last Friday that intra-Palestinian talks would be held in the Chinese capital. 

    "They agreed to continue the course of talks to achieve the realization of Palestinian solidarity and unity at an early date," Jian went on to say, adding that the two sides thanked China for efforts to "promote Palestinian internal unity and reached an agreement on further dialogue."

    China has continued to call for a ceasefire and an end to the war in the Gaza Strip and has long been an advocate of Palestinian unity and a two-state solution between the Palestinians and Israelis. 

    Chinese diplomat Wang Kejian met with Hamas leader Ismail Haniyeh in Qatar last month, where they both called for an end to the war in Gaza and the achievement of "political goals and aspirations of establishing an independent Palestinian state."

    Hamas assumed leadership of Gaza in 2006 after a political victory against Fatah in local elections. The Beijing talks come as Hamas has yet to deliver an official response to a new Israeli–Egyptian initiative for a ceasefire and prisoner release deal. 

    While the initiative reportedly reflects an Israeli openness for the return of the displaced to northern Gaza and the establishment of a sustainable ceasefire, a Hamas official told Al-Mayadeen on Sunday that the proposal "does not reflect a fundamental shift" in Tel Aviv’s position. 

    Washington has been promoting the idea of a reformed PA assuming control over post-war Gaza, something Hamas has rejected.

    Prior file image: Chinese diplomat Wang Kejian met with Hamas political leader Ismail Haniyeh in Qatar on March 17. 

    US–Israeli efforts to "create bodies to manage Gaza is a failed conspiracy that will not come to fruition," a Hamas official said last month. 

    Tyler Durden Tue, 04/30/2024 - 12:05
  24. Site: Mises Institute
    4 days 11 hours ago
    Author: Daniel McAdams
  25. Site: Zero Hedge
    4 days 12 hours ago
    Author: Tyler Durden
    Columbia Student Protesters Break Into, Barricade Themselves Into Building After Deadline To Disperse Passes

    Dozens of Columbia University students broke into Hamilton Hall on the New York campus early Tuesday and barricaded themselves inside, hours after the school began suspending students who violated a deadline to disperse from a pro-Palestinian encampment.

    Demonstrators supporting Palestinians in Gaza barricade themselves inside Hamilton Hall, an academic building which has been occupied in past student movements, in New York on April 30, 2024. (Alex Kent/Getty Images)

    "The safety of every single member of this community is paramount," said Ben Chang, vice president for communications at Columbia University, in an emailed statement to The Epoch Times, adding "In light of the protest activity, we have asked members of the University community who can avoid coming to the Morningside campus to do so; essential personnel should report to work according to university policy."

    Holy…. pic.twitter.com/42Lw4kaRHY

    — Jessica Schwalb (@jessicaschwalb7) April 30, 2024

    Taking over Hamilton Hall as done in 1968, Columbia students unfurl a banner that reads "Hind's Hall," in reference to Hind Rajab, a six-year-old girl killed by Israeli forces.
    Hundreds of students cheer as the banner is revealed, erupting into chants to "Free Palestine." pic.twitter.com/Oi8WgdZmqf

    — Prem Thakker (@prem_thakker) April 30, 2024

    As the Epoch Times' Katabella Roberts notes further;  According to The New York Times, the students began occupying the hall at around 12:35 a.m.

    The protesters linked arms and blocked off the main entrance to the building at the Ivy League institution after previously marching around campus to chants of “free Palestine,” according to the publication.

    A statement shared on the social media platform Instagram by student groups said the protesters had “taken matters into their own hands,” and would remain in the building until the university “divests from death.” Protesters have been urging the university to pause its investments in companies that, they claim, are profiting from Israel’s war against Hamas in Gaza.

    The statement included video footage that appeared to show the students carrying metal barricades into Hamilton Hall as other students cheered them on.

    “This escalation is in line with the historical student movements of 1968, 1985, and 1996 which Columbia repressed then and celebrates now,” the statement read. “This action will force the university to confront the blood on its hands.”

    In the statement, the student group further accused the university of having been “complicit” in “Israel’s ongoing genocidal assault on the Gaza strip” for the past seven months.
    “The students are on the right side of history,” the statement continued. “We know that the university will remember them as anti-apartheid, anti-genocide activists with moral clarity.”

    Protesters Make Demands

    According to Politico, protesters hung a sign reading “intifada,” which is Arabic for uprising, from the front of the building.

    A spokesperson for the New York Police Department told Politico that law enforcement officers were outside the university campus as of Tuesday; however, they declined to elaborate further on exactly how many officers were on site or whether they had authorization to enter the school grounds.

    The Epoch Times has contacted a spokesperson at Columbia University and the New York Police Department for further comment.

    The takeover of Hamilton Hall occurred just hours after the university confirmed that it had begun suspending some students. The pro-Palestinian students failed to disband before Monday’s 2 p.m. deadline.

    Students/protestors lock arms to guard potential authorities against reaching fellow protestors who barricaded themselves inside Hamilton Hall, an academic building which has been occupied in past student movements, in New York on April 30, 2024. (Alex Kent/Getty Images)

    Students have occupied the lawn in the middle of campus—in which graduation ceremonies are scheduled to take place for roughly 15,000 students on May 15—for nearly two weeks while calling on the university to disclose and divest from any of its financial ties to Israel.

    They are also calling for an end to alleged “land grabs” in the Harlem neighborhood of New York City and Palestine, no more policing on the university campus, and no academic ties with Israeli universities.

    However, negotiations between university officials and student protest leaders broke down earlier in the day when the university rejected their demands, prompting officials to issue the 2 p.m. deadline.
    In a statement, Minouche Shafik, Columbia’s president, said that ultimately, the university will not divest from Israel, adding that the school is committed to maintaining its core principles and shared values, which include ensuring no students suffer from harassment and discrimination and no anti-Semitic language is used.

    Columbia University students protest the Israel-Gaza conflict at Columbia University in New York City, on April 27, 2024. (Emel Akan/The Epoch Times)

    School, Students Fail to Reach Agreement

    “Both sides in these discussions put forward robust and thoughtful offers and worked in good faith to reach common ground,” Ms. Shafik said. “We thank them all for their diligent work, long hours, and careful effort and wish they had reached a different outcome.”

    While the University will not divest from Israel, it has offered to “develop an expedited timeline for review of new proposals from the students by the Advisory Committee for Socially Responsible Investing, the body that considers divestment matters,” Ms. Shafik noted.

    “The University also offered to publish a process for students to access a list of Columbia’s direct investment holdings, and to increase the frequency of updates to that list of holdings,” she added.

    Ben Chang, vice president for communications at Columbia University, confirmed the suspensions had begun in a press conference late Monday, USA Today reports.

    He added that students had been notified in advance that they would face disciplinary action, including suspension if they did not vacate the encampment by 2 p.m. ET and sign a form committing to abide by student politics until either June 30, 2025, or until their graduation, whichever came first.

    The site of the protests has created an unwelcoming environment for many Jewish students and faculty members, he said. It has also been a source of loud noise.

    We’ve been suspending students as part of this next phase of our efforts to ensure safety on campus,” Mr. Chang said.

    Mr. Chang did not provide further details regarding how many students from Columbia and its affiliate Barnard College have been disciplined. However, he confirmed that those suspended would not be able to finish the semester or graduate, Axios reports.

    They will also be banned from entering any campus housing or academic buildings, he added.

    Juliette Fairley contributed to this report.

    Tyler Durden Tue, 04/30/2024 - 11:40
  26. Site: LifeNews
    4 days 12 hours ago
    Author: Anne Reed

    An employee of Access Health Center, more commonly known as American Women’s Center, in Des Plaines, Illinois, called 911 at 1:13 p.m. on November 2, 2023. The 911 records were provided courtesy of Illinois-based Pro-Life Action League.

    When the dispatcher asked specific questions about the emergency, the caller transferred the call to the abortionist, believed to be Cheryl Chastine.

    “Hello,” she said cheerfully, as if she was clueless that she was on the line with 911.  

    “Hi, this is the fire department. Tell me exactly what happened,” the dispatcher asked.

    “Hey, what’s up? So we are doing a procedure, an intrauterine procedure, and then she just won’t stop bleeding,” she responded. 

    Her tone of voice more closely resembled that of an adolescent observing the situation than the voice of someone with the knowledge and professionalism expected of a medical “doctor.”

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    The abortionist went on to explain that the hemorrhaging woman had been given meds but refused the insertion of a Bakri balloon into her uterus to slow the bleeding. Apparently, the patient had lost all confidence in the abortionist by this time and requested immediate transfer to a legitimate hospital.

    When the dispatcher asked the abortionist the age of the patient, she seemed to have no idea: “Probably around 30 or something like that,” she responded. However, later during the call, the abortionist was informed the patient was 39 years of age – much closer to 40. One can only wonder if the abortionist reviewed the woman’s chart before entering the room. Did the woman have risk factors that needed to be considered, such as past c-sections, multiple abortions, advanced age, etc.?

    The abortionist seemed to have little concern over the patient’s blood loss, stating, “She’s lost maybe like a hundred milliliters of blood overall…” However, according to the computer-aided dispatch transcript, the transfer was coded a priority 2 major emergency and required advanced life support.

    Two more incredibly disturbing 911 calls were documented in 2023 from this facility.

    On April 26, 2023, Chastine overdosed a patient on Fentanyl and Versed. She considered calling off the ambulance, just before exclaiming, “Oh my God!” and having to administer resuscitative breaths.

    Then, on October 7, 2023, a woman hemorrhaged for five hours before the staff bothered calling 911.

    Back to the November emergency, it is not known how long this woman also had been hemorrhaging before the patient insisted on being transferred to a hospital emergency room where she would receive appropriate care for her critical condition.

    “People who kill for a living have seared consciences. They simply cannot have a normal degree of empathy and concern for a suffering patient, like that of a sincere caregiver,” said Operation Rescue President Troy Newman.

    “We do not know if the child survived the attempted murder, though it is highly unlikely. Still, we are thankful the mother remained conscious and was alert enough to demand emergency intervention. We pray that this frightening ordeal will wake her up and lead her repentance.”

    LifeNews Note: Anne Reed writes for Operation Rescue.

    The post LISTEN: Abortion Clinic Acts Like Nothing’s Wrong on 911 Call After Botched Abortion, “Hey, What’s Up?” appeared first on LifeNews.com.

  27. Site: Zero Hedge
    4 days 13 hours ago
    Author: Tyler Durden
    We Have Reached The Geo-Populist Tipping Points: Here Are Four Examples

    By Michael Every of Rabobank

    Beg, Borrow, or Steel

    Yesterday’s JPY slump from 158 to 160, surge to 155 on BOJ intervention, and stop over 156 underlines how volatile markets are as long-run fundamentals finally reach tipping points. Tomorrow’s FOMC decision should make that clear for all asset classes: especially with the Treasury’s quarterly refunding announcement the same day, and as the US borrowed a net $748bn in Q1, expects another $243bn in Q2, $41bn higher than seen in January due to lower receipts, and then $847bn in Q3. As a potential warm-up of sorts, albeit due to traditional overbought dynamics, was a 15% collapse in cocoa.

    Today we have a sizeable packet of economic data: we already saw the Chinese official manufacturing PMI at 50.4 vs. 50.3 expected and 50.8 last month, and services at 51.2 vs. 52.3 consensus and 53 in March. Will the rest of today’s numbers show disinflation, inflation, or stagflation? That answer is fundamentally related to a subject which markets understand little and dislike lots: the intersection of political economy and the global economic architecture reductively known as either “geopolitics” or “populism”. There, we are also reaching tipping points.

    • Example 1: The Rhodium Group says for Europe to compete with Chinese EVs would require it to impose ‘Trump 2’ tariffs of at least 50%. However, they expect the EU will make a typically rear-view mirror decision to raise tariffs to the ‘Trump 1’ range of 15-30%. That would push up prices while allowing Chinese EVs to push EU auto production off the market. In short, we either get higher inflation and protectionism; or we get stagflation as prices rise somewhat less, yet Europe loses its key auto sector, taking 7% of GDP, 6% of (well-paid) jobs, the muscle-memory for sideways moves into defence production, and hopes for “strategic autonomy” with it.

    • Example 2: The White House is trying to ban imports of Russian processed uranium, which currently make up 25% of the supply for the 90 US commercial nuclear reactors. Of course, this means inflation. And it can mean stagflation if local supply isn’t brought on-line.

    • Example 3: In the Financial Times, Nobel laureate economist Joseph Stiglitz: (i) argues neoliberalism produces “demagogues”; (ii) implies liberty is not something which can be easily maximized for all, as I alluded to recently via the Quadragesimo anno; and (iii) says the US needs to be like the EU, with higher regulation, state spending, and taxation – yet, in the absence of protectionism, with the same loss of strategic industries? So, again, it’s still inflation or stagflation.

    • Example 4: in an unwitting riposte to Stiglitz, former UK PM Gordon Brown warns, ‘There’s a hard-right tidal wave about to hit Europe – and it will only make the economic crisis worse’ as “near-zero growth has crushed living standards, sending voters to populist demagogues” -- the D word again -- but “they have no solutions to offer.” Brown concludes: “The nationalist timebomb is ticking. Across the continent, Europeans need a plan for better jobs through economic and environmental transformation. When the Polish trade union Solidarity was first formed, its anti-Soviet slogan was “No solidarity without freedom”. But soon many realized that free-for-all neoliberal economics would mean rising inequality and low living standards for the mass of people, and so a new slogan soon rang out: “There is no solidarity in freedom.” If progressives want to prevent an election campaign dominated by anti-immigrant propaganda, they will have to stand up to protectionism and xenophobia by showing the benefits of cooperation.”

    But how could Europe do Brown’s Green Keynesianism, with expanded issuance of Eurobonds to fund vast fiscal deficits, without higher inflation? And, absent protectionism, how does it do it without importing the key inputs from China, so running large balance of payments deficits? Moreover, does mass immigration not lower wages or push up rents and house prices via supply vs. demand, as Marx argued, and voters see around them? Must governments boost investment to reduce housing supply pressures (how?) and regulate for higher wages (how?) and build Green Keynesianism and rearm Europe? That implies double-digit fiscal deficits as far as the eye can see. Absent new, hybrid tighter AND looser fiscal-and-monetary policy to match domestic demand to new domestic supply, with inflationary tariffs and industrial policy, that backdrop implies a drift towards becoming a deindustrialised, macro-destabilised, stagflationary emerging market-style economy that certainly produces demagogues.

    Allow me to share two related quotes from Classical ‘free market’ economists that are likely to upset Stiglitz and Brown as much as they do those who think we live solely in financial times:

    “If any particular manufacture was necessary, indeed, for the defence of the society, it might not always be prudent to depend upon our neighbours for the supply; and if such manufacture could not otherwise be supported at home, it might not be unreasonable that all the other branches of industry should be taxed in order to support it.” Adam Smith, The Wealth of Nations (Book IV, Chapter V)

    * *  *

    “It would undoubtedly be advantageous to the capitalists of England, and to the consumers in both countries, that under such circumstances, the wine and the cloth should both be made in Portugal, and therefore that the capital and labour of England employed in making cloth, should be removed to Portugal for that purpose... Experience, however, shews, that the fancied or real insecurity of capital, when not under the immediate control of its owner, together with the natural disinclination which every man has to quit the country of his birth and connections, and entrust himself with all his habits fixed, to a strange government and new laws, check the emigration of capital.” - David Ricardo, ‘Principles of Political Economy and Taxation’ (Chapter VII: ‘On Foreign Trade’)

    That, dear readers, is the sound of the two great ‘free market’ and ‘free trade’ champions supporting protectionism for national security purposes.

    We have long lived in an environment where central banks saying “whatever it takes” was what mattered most to markets (apart from playing ‘higher/lower’ on a daily basis, without which there can be little to do). A well-known idiom for doing whatever it takes is to ‘beg, borrow, or steal’. When looking at China’s mercantilist EV --and steel-- production, as just two examples, and the geopolitical / national security backdrop they are tightly wrapped up in, then the choice of outcomes for Western economies is abundantly clear for those who want to see it:

    Beg, borrow, or steel – literally and metaphorically.

    The first and second choices imply short-term market-friendly disinflation, then followed by long-term EM-style stagflation. The third choice implies near-term inflation and radical policy framework and market shifts, if done correctly, then disinflation, and near and long-term stagflation if done wrong.

    Which will it be?

    Tyler Durden Tue, 04/30/2024 - 10:45
  28. Site: LifeNews
    4 days 13 hours ago
    Author: Steven Ertelt

    Last week, Joe Biden came under heavy criticism for making the sign of the cross during an abortion rally. He was soundly condemned on social media after essentially giving his blessing to killing babies in abortions.

    Now, a Catholic bishop from Spain has joined in the criticism.

    José Ignacio Munilla, the bishop of Orihuela-Alicante in Spain, called Biden’s gesture a “sacrilege.”

    As the Catholic News Agency reports:

    On his weekday radio program on Radio María España, Munilla said that making the sign of the cross in support of abortion constitutes a “sacrilegious” gesture and “the desecration of the sign of the cross.”

    “Invoking Jesus Christ in support of abortion” has drawn strong criticism “in many pro-life and Catholic circles,” the bishop pointed out.

    Crossing oneself, Munilla said, is meant to be used as a sign “in which we remember that Jesus gave his life for us, he gave his life for all the innocents, he gave his life to restore innocence and to make us saints.”

    To use the sign of the cross as Biden did, however, is to “invoke the cross in a sacrilegious manner.”

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    Referring to the incident, the Spanish prelate warned of the risk that a Catholic might publicly show his faith by crossing himself while at the same time twisting its meaning “in a sacrilegious manner.”

    Biden made the Sign of the Cross in response to pro-abortion comments made by Democrat Nikki Fried, who was standing next to Biden. The gesture came while Biden was listening to Florida Democratic Party Chairwoman Nikki Fried slam her state’s pro-life law.

    “And then we come back here to [the] state of Florida,” Fried said, as Biden stood next to her. Behind the two Democrats was a backdrop of Biden/Harris 2024 campaign signs.

    “Where … 15 weeks wasn’t good enough so we had to go to six weeks,” Fried said, referring to the gestational limit up until abortion is allowed under state law.

    As soon as Fried said “wasn’t good enough,” Biden began to make a slow sign of the cross.

    The post Catholic Bishop Slams Biden: Invoking Jesus Christ to Support Abortion is Sacrilegious appeared first on LifeNews.com.

  29. Site: Zero Hedge
    4 days 13 hours ago
    Author: Tyler Durden
    Judge Holds Trump Contempt With Fine, Jail Threat For Violating Gag Order In 'Hush Money' Trial

    Manhattan Supreme Court Judge Juan Merchan has held Donald Trump in contempt of court for 'repeatedly violating' a gag order in his so-called hush money trial in New York.

    According to Merchan, Trump violated the gag order nine times in online posts which targeted jurors or likely witnesses in the trial. The former president was fined the maximum of $1,000 per violation, or $9,000 - and was ordered to remove all of the offending posts by 2:15 p.m. ET on Tuesday.

    What's more, Merchan threatened to toss Trump in jail if he willfully violates court orders again.

    "Defendant is hereby warned that the Court will not tolerate continued willful violations of its lawful orders and that if necessary and appropriate under the circumstances, it will impose an incarceratory punishment," wrote Merchan in his ruling, CNBC reports.

    Merchan read the order aloud before the trial resumed with more testimony from a banker who worked with the former president’s lawyer on a $130,000 hush money payment to porn star Stormy Daniels.

    That payment is at the heart of Manhattan prosecutors’ case accusing Trump of falsifying business records as part of a scheme to influence the 2016 presidential election.

    Gary Farro, a former senior managing director at First Republic bank, took the stand Friday and continued testifying Tuesday.

    On his way into the courtroom, Trump repeated his call for Merchan to both recuse himself from the case and dismiss it entirely. -CNBC

    "The judge should terminate the case because they have no case," said Trump in response, adding that he's been unable to campaign for president because he's stuck in court.

    That said, Merchan is allowing Trump to attend his son Barron's high school graduation on May 17.

    The historic trial began last week, which has included testimony from former National Enquirer publisher David Pecker, as well as Trump's longtime personal secretary, Rhona Graff.

    Pecker testified to his efforts to "catch and kill" stories that could be damaging to Trump - including one instance in which his company American Media paying $30,000 for the rights to a former Trump Tower doorman's story about Trump having a secret love child - though Pecker believes the story is untrue.

    The company also inked a $150,000 deal with former Playboy model Karen McDougal, who claimed to have had an extramarital affair with Trump, according to Pecker.

    Pecker said he did not pay to silence Daniels, who claims she had sex with Trump.

    As the Epoch Times notes further, Court was resuming Tuesday with Gary Farro, a banker who helped President Trump’s former attorney Michael Cohen open accounts, including one that Mr. Cohen used to send a payment to adult film performer Stormy Daniels, whose real name is Stephanie Clifford. She alleged a 2006 affair with President Trump, which he denies.

    ...

    Outside the courtroom Tuesday, President Trump criticized prosecutors again. “This is a case that should have never been brought,” he said.

    “Our country’s going to hell and we sit here day after day after day, which is their plan, because they think they might be able to eke out an election,” he declared last week in the courthouse hallway.

    Tyler Durden Tue, 04/30/2024 - 10:31
  30. Site: AsiaNews.it
    4 days 13 hours ago
    In a disclosure to the Shenzhen stock exchange, China Rare Earth Resources and Technology said the industry was facing a 'fundamental stage'. China continues to be a leader in rare earth mining and processing, but the country's economic woes and the willingness of other countries to build new supply chains are cutting into revenues.
  31. Site: Zero Hedge
    4 days 13 hours ago
    Author: Tyler Durden
    Don't Buy Rate-Hike Hype, Next Fed Move Is A Cut

    Authored by Simon White, Bloomberg macro strategist,

    The Federal Reserve’s next move this year is likely to be a rate cut - despite the re-emergence of inflation - leaving markets at risk of a dovish repricing.

    When it comes to the Fed, it’s easy to get hung up on what they should do, and neglect what they actually will do. From an inflation perspective, it’s becoming increasingly clear the central bank needs to raise rates further to quell resurgent price growth. But that’s unlikely. Instead, the risks to government funding costs and mounting pressure on liquidity are likely to tilt the Fed in favor of cutting rates, even as inflation is making an unwelcome return.

    This week again draws focus to the greater entanglement of monetary and fiscal policy. The Fed meets on Wednesday, but the Treasury’s QRA (quarterly refinancing announcement) is just as consequential for the path of monetary policy. We found out the Treasury’s borrowing requirements on Monday.

    The amounts are eye-watering - $243 billion in 2Q and $847 billion in 3Q - and unthinkable outside a recession only a few years ago. The market is gradually waking up to the Treasury put and the realization the fiscal deficit is unlikely to go back to a non-recessionary norm any time soon. Term premium is rising as lenders demand greater compensation for holding longer-term debt.

    The chart below shows a tradeable proxy for term premium - the difference between the 10-year yield and the 1-month OIS rate 10-years forward - that is as high it’s been since the GFC.

    Other measures of term premium are also rising. The ACM term premium has gone back into positive territory, while implied measures of term premium based on forecasters’ estimate of the 10-year bill rate are already 150 bps higher than the OIS-based term premium shown above. Even if Treasuries are not as overpriced as this infers, the government still has a problem.

    As important for yields as how much the Treasury wants to borrow is how it intends to borrow it. On Wednesday, we will find out the proportion of longer-term versus shorter-term debt (i.e. bills) Treasury expects to issue over the next two quarters.

    The increase in bill issuance over the last year or so has been of immense importance to markets. The “Yellen pivot” meant that liquidity lying idle in the RRP could be used by money market funds to buy bills and thus help fund the government.

    Without this, there’s a strong likelihood the mass of sovereign issuance would have crowded out other assets, and markets would be considerably weaker. The Treasury thus – implicitly or otherwise – aided the Fed by allowing it to keep rates higher for longer and proceed with quantitative tightening.

    Wednesday’s announcement will shed further light on whether the Treasury will stick to its stated aim and not significantly increase coupon (i.e. non-bill) issuance for now. A look at the nominal amounts of coupons and bills issued appears to confirm this has been the case.

    But in duration-adjusted terms the picture is already changing. The amount of coupons issued adjusted for duration is rising. That will amplify the move higher in term premium and ultimately jeopardize support for risk assets.

    USTs are simply not in high demand at current prices. Foreigners are more wary due to reserve-confiscation risks, or put off by high FX hedging costs; banks have on net been reducing their ownership of USTs as policy has been tightened; multi-asset managers have less need when Treasuries are a poor recession hedge when inflation is elevated, and a poor portfolio hedge when the stock-bond ratio is positive; and the Fed is busy trying to offload its UST inventory.

    Households have become the de facto buyer of last resort for Treasuries. But there’s nothing to suppose they’ll be happy to continue to do so at any price. As the chart below shows, consumers’ long-term inflation expectations typically lead term premium. The market’s view of longer-term inflation, i.e. breakevens, is about 150-200 basis points lower than households’ outlook. As the UST buyer of last resort, households will increasingly set the price, one that’s likely to be lower than it is now.

    Higher long-term yields will lead to the government having to borrow yet more to pay its spiraling interest-bill on its outstanding debt. But that points to fewer reserves and falling reserve velocity – effectively undoing the work of the Yellen pivot and leaving the stock market in a precarious spot.

    The Fed is thus likely to cut rates in a quid pro quo with the Treasury. This would not only help the government fulfill its borrowing requirements at a non-usurious cost, it also helps the Fed with its responsibility for financial stability by taking the pressure off risk assets and reducing the likelihood of a funding squeeze.

    Even though such a move would be unwise, it doesn’t mean it won’t happen. Cutting rates before inflation has been snuffed out threatens to intensify structural risks for price growth.

    But in the heat of liquidity drying up, funding risks rising, markets on increasingly shaky ground, and the government locked in an issuance doom-loop as its interest costs soar, the Fed is likely to cut rates as an easy first move to ease the pressure — an outcome made even more likely with an election looming.

    In the short-to-medium term, it’s hard to see how quantitative tightening isn’t soon tapered or curtailed. But the Fed is unlikely to want to go full tilt into easing again, or engage in yield curve control. That’s why in the longer term some sort of financial repression – where private cash flows are directed into public debt markets – is very likely.

    This would be yet another chip in the de facto erosion of Fed independence. In such an environment, gauging the central bank’s next move needs to consider the spending whims of the government as much as the outlook for inflation and unemployment.
     

    Tyler Durden Tue, 04/30/2024 - 10:10
  32. Site: Steyn Online
    4 days 13 hours ago
    Just ahead of Episode Twelve of The Secret Adversary, a reminder that tomorrow, Wednesday, I'll be conducting another Clubland Q&A live around the planet at 3pm North American Eastern/8pm British Summer Time. Steyn Clubbers ask the questions, and I try
  33. Site: Steyn Online
    4 days 13 hours ago
    Programming note: Tomorrow, Wednesday, Mark will be back behind the microphone for our midweek Clubland Q&A taking questions from Mark Steyn Club members live around the planet. That's at 3pm North American Eastern - which is 8pm British Summer Time/9pm
  34. Site: Zero Hedge
    4 days 13 hours ago
    Author: Tyler Durden
    Fastest Drop Since 'Lehman': Chicago PMI Puke Screams Stagflation

    After miraculously surging to two years highs in Nov 2023, Chicago PMI has plunged for five straight months, with the last four months seeing the MoM declines accelerating. Against expectations of a rise to 45.0 (from March's 41.4), April's PMI data printed 37.9

    Source: Bloomberg

    That is the worst five-month collapse since Lehman...

    Source: Bloomberg

    More problematically - the underlying data screams stagflation:

    • Prices paid rose at a faster pace; signaling expansion

    • New orders fell at a faster pace; signaling contraction

    • Employment fell at a faster pace; signaling contraction

    • Inventories fell at a slower pace; signaling contraction

    • Supplier deliveries fell at a faster pace; signaling contraction

    • Production fell at a faster pace; signaling contraction

    • Order backlogs fell at a slower pace; signaling contraction

    All of which leaves 'hope' languishing at 'Bidenomics'-cycle lows...

    Source: Bloomberg

    And cue...

    cue mainstream media splaining to Chicago: "you don't understand how strong Biden's economy is" https://t.co/W1ewTgjsLx pic.twitter.com/lrhYqDDNM7

    — zerohedge (@zerohedge) April 30, 2024
    Tyler Durden Tue, 04/30/2024 - 09:59
  35. Site: LifeNews
    4 days 14 hours ago
    Author: Steven Ertelt

    In an interview on Monday, radically pro-abortion former Speaker Nancy Pelosi made the Democrats extreme abortion agenda crystal clear. She said that if Democrats win Congress, they will kill the filibuster in the Senate so they can legalize abortions up to birth nationwide.

    This is a stark reminder to every pro-life voter in America that pro-life Republicans must win Congress and Joe Biden can’t be re-elected.

    In an interview Monday on MSNBC’s “Katy Tur Reports,” Pelosi falsely claimed “People have to view abortion as a democracy issue. This is about freedom to make your own decisions for a woman. It’s a personal decision, it’s an economic decision at the kitchen table of America’s families, if and when they could expand their families or even start their families.”

    Tur asked, “Do you think it’s going to be a more powerful issue at the ballot box this time around?”

    Pelosi said, “Well, it is because the fact is that no matter what he says, there will be a national abortion ban, and that would be horrible for our country.”

    “We have to win it all. We have to win the White House, with our great president of the United States, Joe Biden, who has a vision for America that is in keeping with the vision of our founders, the sacrifice of our men and women in uniform, the aspirations of our children and their families,” she responded.

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

    Tur asked, “If President Biden gets reelected and there’s a Democratic House and a Democratic Senate, what can President Biden do to protect abortion nationwide?”

    “We can enshrine into the law Roe v. Wade,” she responded.

    Tur said, “That would take two-thirds in the Senate.”

    She then laid out the radical abortion agenda: “No it doesn’t. It’s 60 votes is the Senate now but if we win 50-plus-1 in the Senate, 50 plus the vice president, we can overturn the 60-vote rule.”

    Tur said, “The filibuster.”

    Pelosi confirmed: “The filibuster and pass it with a 51-vote margin. That’s what we need to do.”

    Responding to her comments, SBA Pro-Life America President Marjorie Dannenfelser told LifeNews, “Biden-Pelosi Democrats will stop at nothing to force abortion on demand any time for any reason, in every state in America – with no exceptions even for brutal second and third trimester abortions when babies can feel pain. They will scrap every rule such as the filibuster that stands in their way and weaponize the full force of the federal government to promote their abortion agenda.”

    She said Democrats would go even further and overturn every pro-life law in America.

    “Democrats like Pelosi are being up front about their goals, and they are nothing if not ambitious. What they won’t tell America is that their deceptively named ‘Women’s Health Protection Act’ is far more sweeping than Roe v. Wade and would overturn parental rights, informed consent, health and safety standards, late-term abortion limits, and more – a truth the voters are only supposed to discover after it’s too late.

    Multiple post-Dobbs polls show that at least seven in 10 Americans support significant limits on abortion. SBA Pro-Life America is tracking the pro-abortion extremism of the Biden-Harris administration at sbaprolife.org/biden-harris.

    This election cycle, SBA Pro-Life America and its affiliated entities plan to spend $92 million to protect life across America. This includes reaching 10 million voters – four million directly at their doors – across the battleground states of Arizona, Georgia, Michigan, Montana, North Carolina, Ohio, Pennsylvania and Wisconsin to educate them on key issues and win pro-life majorities in the U.S. House and Senate.

    The post Nancy Pelosi: If Democrats Win, We Will Kill the Filibuster and Legalize Abortions Up to Birth Nationwide appeared first on LifeNews.com.

  36. Site: LifeNews
    4 days 14 hours ago
    Author: Maggie McKneely

    Xavier Becerra, Secretary of the Department of Health and Human Services (HHS), has had a long career of advocating against religious freedom and conscience rights in the name of “reproductive health.” Time and again, he has proven that his priority is ensuring that any woman who wants to get an abortion gets it, throughout all nine months of pregnancy, and at taxpayers’ expense. His testimony in front of the U.S. Senate Committee on Appropriations earlier this month was just one more piece of evidence that when it comes to the unborn, the Secretary of HHS’s highest priority is abortion.

    When Becerra was first nominated to the Cabinet position in 2021, Concerned Women for America Legislative Action Committee (CWALAC) sent a letter to the Senate, urging legislators to vote against his confirmation. In his previous job as California Attorney General, Becerra infamously sued the Little Sisters for the Poor, insisting that the religious order should be forced to provide contraceptives and abortifacients. In the Nifla v. Becerra case that bears his name, he argued that California should be allowed to mandate that pregnancy resource centers provide information to patients on how to obtain an abortion. (SCOTUS ultimately disagreed). And as a Congressman before that, he twice voted against a ban on partial birth abortion, a policy that the vast majority of Americans support.

    This is just a small snapshot of Becerra’s egregious resume.

    So when Sen. John Kennedy (R-Louisiana) pressed Becerra on the abortion issue in this month’s Appropriations hearing, it was appalling but not surprising that, when asked, he could not say that he supports any kind of restrictions on abortion.

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

    The Senator opened his time by asking Becerra, “If the mother is healthy and the baby is healthy, do you really support abortion up to the moment of birth?”

    After Becerra said that he nor anyone he knows supports that, Kennedy cited Becerra’s own words from 2020, when the then-Attorney General said that “no government, state or federal, has the right to make decisions for a woman about her body or her healthcare.”

    Becerra then stated that he would support the reestablishment of Roe v. WadeRoe v. Wade, egregious as that decision was, did allow for states to place some restrictions on third term abortions. Kennedy pointed to this, asking Becerra, “So you think there are restrictions that federal or state [governments] can place on abortion?”

    Rather than answering yes or no, Becerra repeated his belief that Roe v. Wade was the right policy to pursue. Even when Kennedy asked if parents should have the right to abortion in cases where they “don’t like the gender of the baby,” Becerra could not answer “no.” Kennedy asked variations of the same question several times, whether or not the Secretary supported any kind of restrictions, and each time, Becerra dodged.

    The question of abortion restrictions should not have been a difficult one. And as someone who has been advocating for abortion his entire career, it’s not an issue with which Becerra is unfamiliar. Yet, Becerra could not say that a single restriction on the procedure is acceptable.

    Later in the hearing, Sen. Katie Britt (R-Alabama) continued to press the Secretary on the topic. She brought up the fact that there is no mention of the Hyde Amendment, the long-standing ban on taxpayer funding of abortions, in the 2025 HHS budget. So she asked Secretary Becerra to clarify that he believes that “tax dollars should go to pay for abortions.”

    When he answered that President Biden requested that the Hyde Amendment be removed from the HHS budget, Sen. Britt took the issue even farther than Sen. Kennedy had. Britt described in graphic detail what a late-term abortion entails, what abortionists must do in order to kill the child and remove it from its mother’s womb. The purpose of the Hyde Amendment, she argued, is to protect taxpayers from funding this kind of barbarism.

    Becerra’s refusal to give a clear answer was, in fact, an answer. His lack of moral courage and clarity was deafening. Under his leadership, the Department of Health and Human Services supports a culture of death, funded by taxpayers, rather than the wellbeing of the America populace. Thankfully, we have bold legislators like Sens. Kennedy and Britt willing to expose the Administration’s policies and show why we must continue to fight to protect life in the public arena. But we are in desperate need of a change in leadership if we want to see a day when every person is valued as created in the image of God.

    LifeNews Note: Maggie McKneely writes for Concerned Women for America.

    The post Joe Biden’s Administration Doesn’t Want Any Limits on Abortion, Because It Supports Abortions Up to Birth appeared first on LifeNews.com.

  37. Site: The Josias
    4 days 14 hours ago
    Author: Edmund Waldstein, O.Cist.

    A Spanish version of this paper appears in: Miguel Ayuso Torres (ed.), ¿El derecho natural contra el derecho natural? Historia y balance de un problema (Madrid: Marcial Pons, 2024).

    Introduction

    The so-called “New Natural Law Theory” is a name applied to a certain attempt at recovering natural law theory in a form that would make it impervious to objections taken from Hume’s “is-ought problem.” The attempt was begun by Germain Grisez in 1965, and carried on by Grisez himself, John Finnis, Joseph Boyle, Robert P. George, and others.1 The theory began as a new interpretation of St Thomas Aquinas’s teaching on natural law, but it quickly diverged from St Thomas’s teaching on many particular conclusions. The name “New Natural Law Theory” seems to have been used first by critics of the theory.2 The theory has been influential in jurisprudence, political philosophy, moral theology, and the interpretation of Catholic Social Teaching. While it has had some influence among non-Catholics,3 its primary influence has been among Catholics.

    The New Natural Law Theory has been found useful as a way of defending what I will call “neo-conservative” Catholicism. By the term “neo-conservative” I mean to signify writers who, in the decades following Vatican II, were concerned, on the one hand, with defending the objectivity of moral norms and the truth of the Church’s moral teachings on matters such as abortion, euthanasia, and contraception; but who, on the other hand, interpreted Vatican II as allowing for a rapprochement between the Church and classical liberalism on such matters as usury, free market economics, social contract democracy, the primacy of individual rights, the separation of Church and state, freedom of speech, freedom of the press, and (in short) most of the ideas that had been condemned by the 19th-century Popes as “liberal errors.”4 Thus, a theory whose theoretical concern was in part reinterpreting the natural law in response to the moral epistemology of the Enlightenment ended in endorsing many of the particular political and juridical conclusions that originally stemmed from Enlightenment thought.

    In this paper I offer a critique of the New Natural Law Theory from the perspective of the traditional Thomist understanding of natural law, and more fundamentally of the good to which natural law is directed. I will argue that New Natural Law Theory exaggerates the distinction between theoretical and practical reason. This exaggeration leads its proponents to a fundamental misunderstanding of the good. Counter-intuitively, their exaggeration of the distinction between speculative and practical truth leads them to have an overly abstract understanding of the good; they neglect the implications of Aristotle’s insight that while the truth is found primarily in the mind, the good is found primarily in things.5 They consider the good according to the mode of existence that it has in the mind. As a consequence of this, the proponents of the New Natural Law Theory misunderstand the way in which the good is most properly said to be universal or common. They tend to understand the universality of the good as a universality in predication (one name said of many things), rather than a universality of causation (one elevated cause of many effects below it).6 They thereby misunderstand the way in the which natural law is related to the good. They understand the first precept of the law, on which all the precepts of natural law are founded—“good is to be done and pursued, and evil is to be avoided”7—to refer to the universal predicate “good,” a name abstracted from particular goods and said of particular goods, rather than as referring the actual common good of all things, in which all other goods participate, and to which all goods are directed. The proponents of the New Natural Law Theory therefore deny that there is a hierarchy among the goods to which we are inclined by nature. This leads them to the astonishing opinion that God is not the complete end of human life. The denial of the hierarchy of goods also leads them to deny the primacy of the common good of a complete society (societas perfecta) over the private goods of individuals. They therefore also misunderstand the relation of the common good to individual rights. Instead of rights flowing from the common good by means of law (which is always directed to the common good), the proponents of the theory see rights as the foundation of law, and the common good as an instrumental good that secures rights to individuals. The proponents of the New Natural Law Theory therefore accept modern liberal errors on such rights as freedom of speech, freedom of religion, etc.

    In Part I of this paper, I will give an outline of the New Natural Law Theory and show how the conclusions just mentioned follow from its principles. In Part II, I will explain the traditional Thomistic understanding of the good and the natural law and show how it grounds the rejection of liberal errors by the 19th-century popes.

    Part I: Goodness, Law, and Right in the New Natural Law Theory

    In 1965 Germain Grisez published an article that came to be seen as the beginning of the New Natural Law Theory. The article offered a new interpretation of Summa theologiæ Ia-IIae, q.94, a.2, in which St Thomas treats the question of whether the natural law contains only one precept or many. It will be useful to summarize St Thomas’s text before turning to Grisez’s interpretation.

    St Thomas points to an analogy between speculative and practical reason. Just as speculative reason moves from self-evident, naturally known principles to conclusions, so practical reason moves from self-evident, naturally known principles to its conclusions. Reason first apprehends being, and from this first apprehension, the first principle of speculative reason is derived: the principle of contradiction. This principle is based on the understanding of the opposition of being and non-being. What is is and cannot not be. Or, in other words, the same cannot be affirmed and denied of the same thing at the same time. All other self-evident principles of speculative reasoning are based on this first principle and would be meaningless without it. For example, it is self-evident that a whole is greater than any one of its parts. But this proposition would be meaningless if the same could be affirmed and denied of the same, for then the whole could be both greater and not greater than one of its parts.

    In practical reasoning, i.e. reasoning directed to action, St Thomas argues the first thing apprehended is the good, that which all seek after, because “every agent acts for an end under the aspect of good.” From this the first principle of practical reasoning follows: “good is to be done and pursued, and evil is to be avoided.” All other self-evident principles of practical reason, St Thomas argues, are based on this first principle and would be meaningless without it.

    Nevertheless, St Thomas goes on to argue there are many precepts of the natural law, because man is inclined (slanted) by nature to many different kinds of goods that perfect or complete him. Human reason apprehends such goods as ends on account of the first principle that the good is to be done and pursued. Nevertheless, the goodness of those ends is self-evident and naturally known through the natural inclinations in man. Thomas shows how various levels of nature in man result in various kinds of inclinations. The first level is what man has in common with all beings. As a being, a substance, man is inclined like all substances to conserve his being, to keep on existing. And because the being of living things is life, natural law commands man to preserve his life. The second level has more particularly to do with man’s being as an animal, a sensitive being. In accordance with this level man is inclined to sexual intercourse and the rearing of young, and such things. The third level has to do with man’s specific nature as a rational being. According to this third level, man is inclined to specifically rational goods, and thus he is bound by natural law to shun ignorance and falsehood and, moreover, to avoid offenses contrary to rational sociability.

    In his interpretation, Germain Grisez reads St Thomas as making a rigid distinction between speculative and practical reason. He takes Thomas here as having anticipated the famous “is-ought” problem raised by Hume:

    The theory of law is permanently in danger of falling into the illusion that practical knowledge is merely theoretical knowledge plus force of will. […] [P]ractical reason really does not know in the same way that theoretical reason knows. For practical reason, to know is to prescribe. This is why I insisted so strongly that the first practical principle is not a theoretical truth. Once its real character as a precept is seen, there is less temptation to bolster the practical principle with will, and so to transform it into an imperative, in order to make it relevant to practice. Indeed, the addition of will to theoretical knowledge cannot make it practical. This point is precisely what Hume saw when he denied the possibility of deriving ought from is.8

    Although practical reason does not know in the same way as speculative reason, nevertheless it still does know abstractly. This is seen in how Grisez understands the notion of “good” in the first precept of the law. At first, Grisez seems to indicate that “good” refers to the last end, the ultimate final cause: “The good of which practical reason prescribes the pursuit and performance…is the last end, for practical reason cannot direct the possible actions which are its objects without directing them to an end.”9 But it soon becomes clear that Grisez does not think the first precept orders reason to any actual good in things, rather “good” in the precept is merely a universal predicate, one name said of many particular goods. The good of the first precept is indeterminate. For Grisez the first precept does not actually prescribe any actions, but rather makes human actions possible by “determining that action will be for an end.”10 “Good” in the first principle does mean the actual final cause of human action, but rather signifies abstractly anything that man might choose as his final cause:

    The will necessarily tends to a single ultimate end, but it does not necessarily tend to any definite good as an ultimate end. We may say that the will naturally desires happiness, but this is simply to say that man cannot but desire the attainment of that good, whatever it may be, for which he is acting as an ultimate end. The desire for happiness is simply the first principle of practical reason directing human action from within the will informed by reason. Because the specific last end is not determined for him by nature, man is able to make the basic commitment which orients his entire life.11

    For Grisez there is therefore a “gap” between the first precept of law and the subsequent precepts of the natural law. Each of the subsequent precepts is in a sense a “first” precept; each of them is a self-evident ordering to some kind of good to which man is inclined. There is therefore no order between the other self-evident precepts of the natural law. They cannot be ordered by their proximity or distance from the true final end, because the first precept, at work in them, is not about the true final end. Rather, any of the goods of the other precepts, or any synthesis of them, can be taken by man as his final end. This is why proponents of the New Natural Law came to call such goods “basic goods.”12

    One of the most startling consequences of the New Natural Law Theory’s denial of a hierarchy of ends is Germain Grisez’s thesis that God is not enough to satisfy the human heart. In a 2005 lecture entitled “The Restless Heart Blunder,” Grisez argued that St Augustine’s famous dictum that our hearts are restless until they rest in God was a blunder, because friendship with God is only one good among others. Therefore, he argues, the true end of human life is not God, but the Kingdom of God, which includes all human goods: “Strictly speaking, God is not the ultimate end toward which we should direct our lives. That end is God’s kingdom, which will be a wonderful communion of divine persons, human persons, and other created persons. Every member of the kingdom will be richly fulfilled in respect to all human goods, including friendship with God.”13 This opinion is so offensive to pious ears that it scarcely needs refutation. I will, however, show why it is wrong in Part II. I believe this to be the most pernicious error of the New Natural Law Theory.

    The denial of the hierarchy of goods leads proponents of the New Natural Law Theory to deny the primacy of the political common good, the common good of the complete human community, over the goods of parts of the community as parts. Although their position is qualified in various ways, proponents of the New Natural Law Theory tend to see the “specifically political common good” as being “limited and in a sense instrumental.”14 The role of the state is to provide the necessary conditions for persons and smaller communities to seek their basic goods. The state, according to them, is therefore not ordered to the fullness of human virtue, but only towards such social virtues as are necessary for maintaining public order: “As the public good, the elements of the specifically political common good are not all-round virtue but goods (and virtues) which are intrinsically inter­personal, other-directed…, person to person…: justice and peace.”15

    In this instrumental understanding of the political common good, proponents of the New Natural Law are closer to the political philosophers of the Enlightenment and their 19th-century liberal heirs, than they are to the Socratic tradition of political philosophy as it was developed by Plato, Aristotle, and the great thinkers of the Middle Ages. It is thus not surprising that proponents of the New Natural Law Theory tend to agree with the Enlightenment philosophers and the 19th-century liberals on the vital importance of rights such as freedom of religion, freedom of speech, freedom of the press, etc. 

    To his credit, John Finnis points out that there was a “watershed” in the understanding of the concept of right or jus between the time of St Thomas Aquinas and that of Francisco Suárez. St Thomas had seen the primary meaning of right as being “the just thing itself,” meaning “acts, objects, and states of affairs, considered as subject-matters of relationships of justice.”16 Finnis implies that the distribution of such rights is related to the common good. To make his point more explicit: the duty that someone else has to render to you, what is your due by justice, is measured by law, which is an ordinance for the common good. Three centuries later, Finnis notes, in the work of Suárez, the primary meaning of jus comes to be a moral power that a person has over what belongs to him or is due to him.17 Finnis, however, disagrees with theorists such as Michel Villey that this watershed represents a bad development that needs to be corrected. According to Finnis, “there is no cause to take sides as between the older and the newer usages.”18 In a postscript to the second edition of Natural Law and Natural Rights, Finnis goes even further, arguing that the “watershed” between Thomas and Suárez, “must be regarded as much more a matter of appearance and idiom than of conceptual, let alone political or philosophical, substance.”19 The main reason for this is Finnis’s instrumental understanding of the common good. Since the common good is ultimately for the sake of the enabling the enjoyment of basic goods, “right” in St Thomas’s sense is ultimately for “right” in Suárez’s sense:

    [W]hen we come to explain the requirements of justice, which we do by referring to the needs of the common good at its various levels, then we find that there is reason for treating the concept of duty, obligation, or requirement as having a more strategic explanatory role than the concept of rights. The concept of rights is not on that account of less importance or dignity: for the common good is precisely the good of the individuals whose benefit, from fulfilment of duty by others, is their right because required in justice of those others.20

    Ultimately, therefore, Finnis can affirm the modern use of rights language as “a supple and potentially precise instrument for sorting out and expressing the demands of justice.”21 Finnis certainly disagrees with some contemporary claims about rights, such as the claim of a right to abortion or homosexual marriage,22 but he agrees with others. Particularly, he defends the right to free practice of religion. He reads Vatican II’s Declaration Dignitatis humanæ as having defended that right on the basis of an instrumental understanding of the common good.23 I would argue that his reading of Dignitatis humanæ is, in fact, incorrect, and that his error of interpretation flows from the error in his principles.24

    In Making Men Moral, Robert P. George disagrees with the radical liberal claim that politics should not be concerned with morality, yet he uses the New Natural Law theory to defend the rights that had been defended by classical liberals: freedom of speech, freedom of the press, the right to privacy, freedom of assembly, and freedom of religion.25 The list reads almost like a list of liberties condemned by the 19th-century popes.

    Part II: Contrasting the New Natural Law Theory with the Old

    Contrary to Grisez’s claims, St Thomas did not hold the main theses of the New Natural Law Theory. An understanding of his “old” natural law theory will, therefore, show the conclusions of the new to be erroneous.

    For St Thomas the distinction between speculative and practical reason is not as rigid as for Grisez. Practical reason is distinguished from speculative reason from something that is accidental to reason as power—namely that practical reason orders what is known to action, whereas speculative reason orders it to contemplation. But, St Thomas argues, “to a thing apprehended by the intellect, it is accidental whether it be directed to operation or not.”26 In other words, to know for the practical intellect is not radically different than for the speculative intellect. 

    Nevertheless, since the good is in things, the practical intellect ought to consider goods according to the existence they have in reality, rather than merely according to their abstract existence in the mind. Hence the first precept of the law, “good is to be done and pursued, and evil is to be avoided” refers not to a universal name, said of many goods, but existing only abstractly in the mind; rather it refers to a good common in its causality—the final end attracting all things by its actual goodness. 

    Hence, in discussing the essence of law in general St Thomas argues that law is always ordered to a good which is universal in causality. Thomas argues that law is always ordered to “the common good.” He raises an objection: “Law directs man in his actions. But human actions are concerned with particular matters. Therefore the law is directed to some particular good.”27 In response, Thomas writes: “Actions are indeed concerned with particular matters: but those particular matters are referable to the common good, not as to a common genus or species, but as to a common final cause, according as the common good is said to be the common end.”28 In other words, in any kind of law, particular actions are commanded because they are directed toward that common good which is their final cause. Therefore, in the first precept of law, “the good” refers to the most common good to which all other goods, and all actions, are directed. Insofar as it refers to other goods to be done, it is referring to those other goods as actually ordered to the highest good and last end.

    But what is the last end and highest good?29 It is God Himself, the unbounded ocean of actuality, perfection, and goodness. The good is what all things desire insofar as they desire their perfection. But since every created perfection is from God as its agent, exemplar, and final cause, it is a participation in God’s perfection. To participate is to take part in something without removing a part from it. My reflection in a mirror partakes of my form, without depriving me of any part of my form. God does not have parts, but creatures share in Him in an incomplete, that is, a partial way. Therefore, creatures are ordered to their Creator the way parts are ordered to a whole. The perfection that each creature desires consists in an ever-greater likeness to the Creator. But that means that the perfection that they desire only ever exists in a secondary way in themselves. It exists fully only in God. Therefore, St Thomas teaches, creatures naturally love God more than themselves:

    In natural things, everything which, as such, naturally belongs to another, is principally, and more strongly inclined to that other to which it belongs, than towards itself…. For we observe that the part naturally exposes itself in order to safeguard the whole; as, for instance, the hand is without deliberation exposed to the blow for the whole body’s safety. And since reason copies nature, we find the same inclination among the social virtues; for it behooves the virtuous citizen to expose himself to the danger of death for the public weal of the state…. Consequently, since God is the universal good, and under this good both man and angel and all creatures are comprised, because every creature in regard to its entire being naturally belongs to God, it follows that from natural love angel and man alike love God before themselves and with a greater love. Otherwise, if either of them loved self more than God, it would follow that natural love would be perverse, and that it would not be perfected but destroyed by charity.30

    As all the great mystics of the Catholic tradition have known, therefore, God and God alone fully satisfies the desires of the human heart. Contrary to Grisez’s impious thesis, the one who has God and all created goods does not have more than the one who has God alone.

    As James Berquist has shown, however, it does not follow that one could simply restate the first precept of the law as “God is to be pursued and what leads to Him is to be done.”31 This is because what is first naturally known to us is rather indistinct and confused. We know there is some final end of desire, but we do not yet know explicitly that it is God. Hence St Thomas writes:

    To know that God exists in a general and confused way is implanted in us by nature, inasmuch as God is man’s beatitude. For man naturally desires happiness, and what is naturally desired by man must be naturally known to him. This, however, is not to know absolutely [simpliciter] that God exists; just as to know that someone is approaching is not the same as to know that Peter is approaching, even though it is Peter who is approaching; for many there are who imagine that man’s perfect good which is happiness, consists in riches, and others in pleasures, and others in something else.32

    A human being first apprehends the natural law when he attains the age of reason. St Thomas describes the first deliberation that takes place at the age of reason as the discernment of the true end to which man must order himself. If he fails to order himself to his end, he commits a mortal sin.33 As James Berquist has shown, the one who fails to order himself to his end does not see the good as a common good, to which he must order himself, but rather as a private good which he wishes to order to himself.34

    From this primacy of God as the universal common good follows a hierarchy of all other goods, which are good because they are like God and because they in some way (either indirectly or directly) help us to approach God. The highest good of the human moral life is the common good of the complete human society, the political community. The intrinsic common good of the polity is peace, the tranquility of order that results from justice and prudent governance. This peace is a thing of beauty, in which the splendid virtues of citizens are brought into a harmonious unity, like a symphony of human life which imitates the beauty of Heaven. As Socrates puts it, “no city can be happy which is not designed by artists who imitate the heavenly pattern.”35 The extrinsic common good of the city is happiness. As Aristotle teaches, a city is founded for living well, that is acting according to moral virtue.36 Human happiness is found in doing the human activity (ergon) virtuously. And this is ordered to God both by making human beings more like God, and by preparing them for the contemplation of God. This virtuous activity is a truly common good when it is shared in political friendship.37 All other human goods are directed to this common good. This does not mean that the political community can simply destroy lesser human goods; on the contrary, the lesser goods are necessary for the primary good, which depends upon them.38

    Given the primacy of the common good, Finnis is wrong to see the watershed between the older understanding of “right” as found in St Thomas and the modern theory of “rights” as a matter of appearance rather than substance.39 On the contrary, on the older understanding, since the common good is understood as true human happiness, rights are distributed with a view to that true happiness, to the fostering of the virtuous activity in which it consists. But on the newer understanding, the common good is degraded to an instrument for serving rights understood as something merely personal. As the Laval School Thomist Henri Grenier put it:

    If objective right is understood as right in the strict sense, it follows that subjective right, i.e., right as a power, is measured by the just thing, according to conformity to law. Moreover, since law is an ordinance for the common good, it follows that the whole juridical order is directed to the common good. But, if subjective right is understood as right in the primary, strict, and formal meaning of the term, it follows that the juridical order consists in a certain autonomy, independence, and liberty. For subjective right is not measured by the just thing, but the just thing is measured by the inviolable faculty, which is a certain liberty. Therefore, according to moderns, the juridical order is directed to liberty rather than to the common good. This gives rise to errors among moderns, who speak of liberty of speech, liberty of worship, economic liberty,— economic liberalism,— without any consideration of their relation to the common good.40

    As Charles De Koninck argues, this reversal has “execrable practical consequences.”41 For, when each orders the common good to his own private good, every member of society is a little tyrant.42

    The papal condemnations of the demands of 19th-century liberals for freedom of speech, worship, etc. can be understood in this light. The popes recognized that the freedom being demanded was a tyrannical freedom, contrary to the fostering of true virtue and the common good. Thus, Pope Leo XIII in examining liberal demands for religious liberty teaches that such a liberty, understood as “the principle that every man is free to profess as he may choose any religion or none” is contrary to the virtue of religion, whereby we render to God what is His due. He then goes on to discuss the relation of this supposed right to the common good of the state. It is worth quoting him at length:

    This kind of liberty, if considered in relation to the State, clearly implies that there is no reason why the State should offer any homage to God, or should desire any public recognition of Him; that no one form of worship is to be preferred to another, but that all stand on an equal footing, no account being taken of the religion of the people, even if they profess the Catholic faith. But, to justify this, it must needs be taken as true that the State has no duties toward God, or that such duties, if they exist, can be abandoned with impunity, both of which assertions are manifestly false. For it cannot be doubted but that, by the will of God, men are united in civil society; whether its component parts be considered; or its form, which implies authority; or the object of its existence; or the abundance of the vast services which it renders to man. God it is who has made man for society, and has placed him in the company of others like himself, so that what was wanting to his nature, and beyond his attainment if left to his own resources, he might obtain by association with others. Wherefore, civil society must acknowledge God as its Founder and Parent, and must obey and reverence His power and authority. Justice therefore forbids, and reason itself forbids, the State to be godless; or to adopt a line of action which would end in godlessness—namely, to treat the various religions (as they call them) alike, and to bestow upon them promiscuously equal rights and privileges. Since, then, the profession of one religion is necessary in the State, that religion must be professed which alone is true, and which can be recognized without difficulty, especially in Catholic States, because the marks of truth are, as it were, engravers upon it. This religion, therefore, the rulers of the State must preserve and protect, if they would provide— as they should do— with prudence and usefulness for the good of the community. For public authority exists for the welfare of those whom it governs; and, although its proximate end is to lead men to the prosperity found in this life, yet, in so doing, it ought not to diminish, but rather to increase, man’s capability of attaining to the supreme good in which his everlasting happiness consists: which never can be attained if religion be disregarded.43

    This argument is based on the contrast that Pope Leo XIII sets up between true liberty, ordered to the true good, and false (liberal) liberty, which is ordered indifferently to whatever human beings take to be their end. Thus, liberty of speech, of publishing, etc. are condemned in similar terms. True liberty is essentially ordered to God, who is the last end and first principle of all human moral acts. As Leo XIII teaches in the encyclical Au milieu des sollicitudes, the true understanding of human morality is thoroughly theocentric:

    The idea of morality signifies, above all, an order of dependence in regard to truth which is the light of the mind; in regard to good which is the object of the will; and without truth and good there is no morality worthy of the name. And what is the principal and essential truth, that from which all truth is derived? It is God. What, therefore, is the supreme good from which all other good proceeds? God. Finally, who is the creator and guardian of our reason, our will, our whole being, as well as the end of our life? God; always God.44

    The errors of the New Natural Law Theory remove God from the center of human moral, juridical, and political life. The acceptance of those errors therefore leads to a hollowing out of morality, and a secularization of jurisprudence and politics. Ultimately, it represents a capitulation to the modern enemies of the Church, who have set up a secular anti-culture in the place of the noble customs of Christendom. It is therefore imperative that those errors be resisted.

    1. For an overview see: Patrick Lee, “The New Natural Law Theory,” in Tom Angier (ed.), The Cambridge Companion to Natural Law Ethics (Cambridge: Cambridge University Press, 2019), 73-91. ↩
    2. See: Russell Hittinger, A Critique of the New Natural Law Theory (Notre Dame: University of Notre Dame Press, 1987), 5. ↩
    3. See, for example: Anver M. Emon, Matthew Levering, and David Novak, Natural Law: A Jewish, Christian, and Islamic Trialogue (Oxford: Oxford University Press, 2014), which shows how the movement has been influential on certain Jewish and Muslim thinkers. ↩
    4. See, for example: Gregory XVI, Mirari vos (1832); Pius IX, Quanta cura (1864); Leo XIII, Libertas praestantissimum (1888). My own view is that the teaching of Vatican II is in continuity with that of the popes of the “Pian” age. See: Edmund Waldstein, O.Cist., “Religious Liberty in the Light of Tradition,” in: idem (ed.), Integralism and the Common Good: Collected Essays from The Josias, vol. 2, The Two Powers (Brooklyn: Angelico Press, 2022). ↩
    5. See: Aristotle, Metaphysics, VI.4 1027b; St Thomas Aquinas, In Metaph. VI, lect. 4, 1240. ↩
    6. See: James Berquist, “Uncommon Confusion: The New Natural Law Theory’s Confusion of Predication and Causality Destroys the Natural Order,” The Josias, February 13th, 2023. I am very much indebted to Berquist’s insights for my reading of the NNL. ↩
    7. St Thomas Aquinas, Summa theologiæ, Ia-IIae, q.94, a.2, c; translation Laurence Shapcote, op, edited and revised by The Aquinas Institute, available online at aquinas.cc. ↩
    8. Germain Grisez, “The First Principle of Practical Reason: A Commentary on the Summa theologiae, 1-2, Question 94, Article 2,” in Natural Law Forum 10 (1965), 168-201, at 193-194. ↩
    9. Ibid., 182. ↩
    10. Ibid., 199. ↩
    11. ↩
    12. Patrick Lee, “The New Natural Law Theory,” 73; cf. Steven A. Long, “Fundamental Errors of the New Natural Law Theory” in The National Catholic Bioethics Quarterly 13.1 (2013) 105-131. ↩
    13. Germain Grisez, “The Restless Heart Blunder,” 2005 Aquinas Lecture, Center for Thomistic Studies, University of St. Thomas, Houston, Texas. ↩
    14. John Finnis, “Public Good: The Specifically Political Common Good in Aquinas,” in Robert P. George (ed.), Natural Law and Moral Inquiry: Ethics, Metaphysics, and Politics in the Thought of Germain Grisez (Washington, D.C.: Georgetown University Press, 1998), 174–209, at 187. ↩
    15. Ibid., 179. ↩
    16. John Finnis, Natural Law and Natural Rights, 2nd ed. (Oxford: Clarendon Press, 2011), 206. ↩
    17. Ibid., 207. ↩
    18. Ibid., 210. ↩
    19. Ibid., 465. ↩
    20. ↩
    21. Ibid.210. ↩
    22. See: John Finnis, “Is Natural Law Theory Compatible with Limited Government?” in Robert P. George (ed.), Natural Law, Liberalism, and Morality: Contemporary Essays (Oxford: Clarendon Press, 1996), 1-26. ↩
    23. Ibid., 6-7. ↩
    24. Cf. the exchange between Thomas Pink and Finnis on the interpretation of Dignitatis humanæ in: John Keown and Robert P. George (eds), Reason, Morality, and Law: The Philosophy of John Finnis (Oxford: Oxford University Press, 2013). ↩
    25. Robert P. George, Making Men Moral: Civil Liberties and Public Morality (Oxford: Clarendon Press, 1993), ch. 7. ↩
    26. St Thomas Aquinas, Summa theologiæ, Ia, q. 79, a. 11, cf. Long, “Fundamental Errors of the New Natural Law Theory,” 107-108. ↩
    27. Ibid., Ia-IIae, q. 90, a.2, arg. 2. ↩
    28. Ibid., Ia-IIae, q. 90, a.2, ad 2. ↩
    29. The following paragraph is based, in part, on my paper: “Common Good Eudemonism,” Divinitas 62.1 (2019), 425-439. ↩
    30. ↩
    31. Berquist, “Uncommon Confusion.” ↩
    32. ↩
    33. Ibid., Ia-IIae, q. 89, a. 6. ↩
    34. Berquist, “Uncommon Confusion.” ↩
    35. Plato, Republic, 500. ↩
    36. Aristotle, Politics, I.2 1252b 27. ↩
    37. See: Jacques de Monléon, Personne et Société (Paris: L’Harmattan, 2007) 142-145; Gregory Froelich, “Friendship and the Common Good,” The Aquinas Review 12 (2005) 37-58. ↩
    38. See: Charles De Koninck, On the Primacy of the Common Good: Against the Personalists, in: The Writings of Charles De Koninck, vol. 2, ed. Ralph McInerny (Notre Dame: University of Notre Dame Press, 2009). ↩
    39. Finnis, Natural Law and Natural Rights, 465; cf. Part I of the present essay. ↩
    40. ↩
    41. De Koninck, On the Primacy of the Common Good, 108. ↩
    42. Ibid., 80. ↩
    43. ↩
    44. ↩
  38. Site: AsiaNews.it
    4 days 14 hours ago
    Not even pro-Beijing trade unions are marching for workers' rights fearing 'unrest'. All the attention is on mainland tourists, for whom the city (weather permitting) will launch a new cycle of fireworks displays at the port with an unprecedented budget.
  39. Site: LifeNews
    4 days 15 hours ago
    Author: Dr. Ingrid Skop

    The Supreme Court recently heard oral arguments in Idaho/Moyle v. United States regarding Biden’s Emergency Medical Treatment and Labor Act (EMTALA) guidance, a transparent attempt to use existing federal laws to force physicians to perform abortions, especially in states with pro-life protections. As a board-certified obstetrician, I have practiced under EMTALA for over 30 years, and it has never been confusing to me or to any of my peers. We know the purpose of the law is to protect the health of mothers and their unborn children, and that is every obstetrician’s mission, as well.

    The Biden administration has disregarded EMTALA’s plain text, which intends to prevent “patient dumping” and requires evaluation, stabilization, and (if necessary) transfer to another medical facility when an “emergency medical condition” places the health of the woman or her unborn child in serious jeopardy.

    The administration’s guidance never mentions the unborn child, implying the child’s needs are not a priority. It requires a provider to perform an abortion “if it is the stabilizing treatment necessary to resolve the medical emergency,” even though EMTALA does not specify the treatment or stabilization physicians must administer but allows them to use their medical judgment to determine the best course of action. The Charlotte Lozier Institute argued these and other points that undermine the administration’s case with great detail in their amicus brief filed in support of the state of Idaho.

    If a pregnancy complication poses a risk to a mother’s life, every state in the country allows the physician to intervene. These laws allow physicians to use their “reasonable” or “good faith” medical judgment to determine when to intervene in an emergency. There is no requirement that a threat be immediate, only foreseeable.

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

    Physicians spend years developing that judgment in school and practice. While we can’t always predict the risk’s severity, we do know which complications can threaten a woman’s life and when to intervene. We don’t wait until a woman is dying but discuss treatment options with a woman and her family when the diagnosis is made, so that we can prevent her from becoming seriously ill.

    This is why I was frustrated by some of the conversations between the solicitor general and some of the left-leaning justices when they discussed complex medical scenarios as overly simplified hypotheticals, assuming that physicians can predict with certainty whether a complication would kill a woman or “merely” cause serious damage to an organ system, implying that Idaho law allows intervention in one scenario but not in the other. Based on their clinical experience and their knowledge of the peer-reviewed literature, physicians have the skills to make judgment calls, and no law is preventing them from doing so. Hospitals usually have protocols to assist physicians in their decision making and to support them in their actions.

    We’ve seen news articles highlight women injured in pregnancy emergencies because physicians were afraid to intervene following the Dobbs decision. These actions are not the fault of the laws, which clearly allow intervention. Abortion advocates (including the leadership of some medical organizations) have sown confusion and fear to turn Americans against pro-life laws and expand abortion. These cynical tactics unfortunately have impacted how some physicians practice medicine. This can be remedied by calling on medical organizations to provide more guidance, but some ideologically driven medical organizations have refused to offer it.

    Like approximately 90% of obstetricians, I do not perform elective abortions, and most hospital systems do not provide them. Yet I have always felt empowered to intervene if a pregnancy emergency threatened my patient’s life, and I have seen my peers do the same, usually by inducing labor or, in rare circumstances, through cesarean section delivery.

    Even in life-threatening situations, abortion is rarely, if ever, necessary. I’ve delivered over 5,000 babies and I have never had to perform an abortion, even though there have been times I have needed to deliver a child to protect his or her mother. Regrettably, the child does not always survive.

    I have found the caring approach of perinatal palliative care – a multi-disciplinary, coordinated care strategy, focused on relieving suffering and honoring the life of the unfortunate child – to be preferred in this situation. I’ve never had a mother express a preference for a D&E abortion over induction. When the tragic loss of a desired baby occurs, the mother wants the baby’s body treated with respect and usually will want the chance to say “goodbye,” to hold the child, and bury him or her. This supportive care assists the family in their grief.

    The administration’s blatant attempt to highjack a law to promote a pro-abortion agenda should be recognized for the ideological maneuver it is. The Supreme Court should recognize and rebut this cynical misuse of power, and reaffirm the fact that Idaho has the right to protect the lives of all its citizens, including the unborn.

    LifeNews Note: Ingrid Skop, M.D., FACOG, is vice president and director of medical affairs for the Charlotte Lozier Institute.

    The post OBGYN Confirms Abortion is Not Health Care, All Pregnant Women Get Care Under Abortion Bans appeared first on LifeNews.com.

  40. Site: Ron Paul Institute - Featured Articles
    4 days 15 hours ago
    Author: Alastair Crooke

    Theodore Postol, Professor of Science, Technology and National Security Policy at MIT, has provided a forensic analysis of the videos and evidence emerging from Iran’s 13th April swarm drone and missile “demonstation” attack into Israel: A “message,” rather than an “assault.”

    The leading Israeli daily, Yediot Ahoronot, has estimated the cost of attempting to down this Iranian flotilla at between $2-3 billion dollars. The implications of this single number are substantial.

    Professor Postol writes:

    This indicates that the cost of defending against waves of attacks of this type is very likely to be unsustainable against an adequately armed and determined adversary.

    The videos show an extremely important fact: All of the targets, whether drones or not, are shot down by air-to-air missiles, [fired from mostly US aircraft. Some 154 aircraft reportedly were aloft at the time] likely firing AIM-9x Sidewinder air to air missiles. The cost of a single Sidewinder air-to-air missile is about $500,000.

    Furthermore:

    The fact that a very large number of unengaged ballistic missiles could be seen glowing as they reenter the atmosphere to lower altitudes [an indication of hyper-speed], indicates that whatever the effects of [Israel’s] David’s Sling and the Arrow missile defenses, they were not especially effective. Thus, the evidence at this point shows that essentially all or most of the arriving long-range ballistic missiles were not intercepted by any of the Israeli air and missile-defense systems.

    Postel adds, “I have analyzed the situation, and have concluded that commercially available optical and computational technology is more than capable of being adapted to a cruise missile guidance system to give it very high precision homing capability … it is my conclusion that the Iranians have already developed precision guided cruise missiles and drones.”

    The implications of this are clear. The cost of shooting down cruise missiles and drones will be very high and might well be unsustainable unless extremely inexpensive and effective anti-air systems can be implemented. At this time, no one has demonstrated a cost-effective defense system that can intercept ballistic missiles with any reliability.

    Just to be clear, Postol is saying that neither the US nor Israel has more than a partial defence to a potential attack of this nature – especially as Iran has dispersed and buried its ballistic missile silos across the entire terrain of Iran under the control of autonomous units which are capable of continuing a war, even were central command and communications to be completely lost.

    This amounts to paradigm change – clearly for Israel, for one. The huge physical expenditure on air defence ordinance – 2-3 billion dollars worth – will not be repeated willy-nilly by the US Netanyahu will not easily persuade the US to engage with Israel in any joint venture against Iran, given these unsustainable air-defence costs.

    But also, as a second important implication, these Air Defence assets are not just expensive in dollar terms, they simply are not there: i.e. the store cupboard is near empty! And the US lacks the manufacturing capacity to replace these not particularly effective, high cost platforms speedily.

    “Yes, Ukraine” … the Middle East paradigm interlinks directly with the Ukraine paradigm where Russia has succeeded in destroying so much of the western supplied, air-defence capabilities in Ukraine, giving Russia near complete air dominance over the skies.

    Positioning scarce air defence “to save Israel” therefore, exposes Ukraine (and slows the US pivot to China, too). And given the recent passage of the funding Bill for Ukraine in Congress, clearly air defence assets are a priority for sending to Kiev – where the West looks increasingly trapped and rummaging for a way out that does not lead to humiliation.

    But before leaving the Middle East paradigm shift, the implications for Netanyahu are already evident: He must therefore focus back to the “near enemy” – the Palestinian sphere or to Lebanon – to provide Israel with the “Great Victory” that his government craves.

    In short, the “cost” for Biden of saving Israel from the Iranian flotilla which had been pre-announced by Iran to be demonstrative and not destructive nor lethal is that the White House must put-up with the corollary – an attack on Rafah. But this implies a different form of cost – an electoral erosion through exacerbating domestic tensions arising from the on-going blatant slaughter of Palestinians.

    It is not just Israel that bears the weight of the Iranian paradigm shift. Consider the Sunni Arab States that have been working in various forms of collaboration (normalisation) with Israel.

    In the event of wider conflict embracing Iran, clearly Israel cannot protect them – as Professor Postol so clearly shows. And can they count on the US? The US faces competing demands for its scarce Air Defences and (for now) Ukraine, and the pivot to China, are higher on the White House priority ladder.

    In September 2019, the Saudi Abqaiq oil facility was hit by cruise missiles, which Postol notes, “had an effective accuracy of perhaps a few feet, much more precise than could be achieved with GPS guidance (suggesting an optical and computational guidance system, giving a very precise homing capability).”

    So, after the Iranian active deterrence paradigm shift, and the subsequent Air Defence depletion paradigm shock, the putative coming western paradigm shift (the Third Paradigm) is similarly interlinked with Ukraine.

    For the western proxy war with Russia centred on Ukraine has made one thing abundantly clear: this is that the West’s off-shoring of its manufacturing base has left it uncompetitive, both in simple trade terms, and secondly, in limiting western defence manufacturing capacity. It finds (post-13 April) that it does not have the Air Defence assets to go round: “saving Israel”; “saving Ukraine” and preparing for war with China.

    The western maximalisation of shareholder returns model has not adapted readily to the logistical needs of the present “limited” Ukraine/Russia war, let alone provided positioning for future wars – with Iran and China.

    Put plainly, this “late stage” global imperialism has been living a “false dawn”: With the economy shifting from manufacturing “things,” to the more lucrative sphere of imagining new financial products (such as derivatives) that make a lot of money quickly, but which destabilise society (through increasing disparities of wealth); and which ultimately, de-stabilise the global system itself (as the World Majority states recoil from the loss of sovereignty and autonomy that financialism entails).

    More broadly, the global system is close to massive structural change. As the Financial Times warns,

    the US and EU cannot embrace national-security ‘infant industry’ arguments, seize key value chains to narrow inequality, and break the fiscal and monetary ‘rules,’ while also using the IMF and World Bank – and the economics profession– to preach free-market best practice to EM ex-China. And China can’t expect others not to copy what it does. As the FT concludes, the shift to a new economic paradigm has begun. Where it will end is very much up for grabs.

    “Up for grabs”: Well, for the FT the answer may be opaque, but for the Global Majority is plain enough – “We’re going back to basics”: A simpler, largely national economy, protected from foreign competition by customs barriers. Call it “old- fashioned” (the concepts have been written about for the last 200 years); yet it is nothing extreme. The notions simply reflect the flip side of the coin to Adam Smith’s doctrines, and that which Friedrich List advanced in his critique of the laissez-faire individualist approach of the Anglo-Americans.

    “European leaders,” however, see the economic paradigm solution differently:

    The ECB’s Panetta gave a speech echoing Mario Draghi’s call for ‘radical change’: He stated for the EU to thrive it needs a de facto national-security focused POLITICAL economy centered around: reducing dependence on foreign demand; enhancing energy security (green protectionism); advancing production of technology (industrial policy); rethinking participation in global value chains (tariffs/subsidies); governing migration flows (so higher labour costs); enhancing external security (huge funds for defence); and joint investments in European public goods (via Eurobonds … to be bought by ECB QE).

    The “false dawn” boom in US financial services began as its industrial base was rotting away, and as new wars began to be promoted.

    It is easy to see that the US economy now needs structural change. Its real economy has become globally uncompetitive – hence Yellen’s call on China to curb its over-capacity which is hurting western economies.

    But is it realistic to think that Europe can manage a relaunch as a “defence and national security-led political economy,” as Draghi and Panetta advocate as a continuation of war with Russia? Launched from near ground zero?

    Is it realistic to think that the American Security State will allow Europe to do this, having deliberately reduced Europe to economic vassalage through causing it to abandon its prior business model based on cheap energy and selling high-end engineering products to China?

    This Draghi-ECB plan represents a huge structural change; one that would take a decade or two to implement and would cost trillions. It would occur too, at a time of inevitable European fiscal austerity. Is there evidence that ordinary Europeans support such radical structural change?

    Why then is Europe pursuing a path that embraces huge risks – one that potentially could drag Europe into a whirlpool of tensions ending in war with Russia?

    For one main reason: The EU leadership held hubristic ambitions to turn the EU into a “geo-political” empire – a global actor with the heft to join the US at Top Table. To this end, the EU unreservedly offered itself as the auxiliary of the White House Team for their Ukraine project, and acquiesced to the entry price of emptying their armouries and sanctioning the cheap energy on which the economy depended.

    It was this decision that has been de-industrialising Europe; that has made what remains of a real economy uncompetitive and triggered the inflation that is undermining living standards. Falling into line with Washington’s failing Ukraine project has released a cascade of disastrous decisions by the EU.

    Were this policy line to change, Europe could revert to what it was: a trading association formed of diverse sovereign states. Many Europeans would settle for that: Placing the focus on making Europe competitive again; making Europe a diplomatic actor, rather than as a military actor.

    Do Europeans even want to be at the American “top table”?

    Reprinted with permission from Strategic Culture Foundation.

  41. Site: AsiaNews.it
    4 days 15 hours ago
    The Indian activist, 43, started a movement that saved 445,000 acres of forests in Chhattisgarh from the establishment of 21 coal mines. Awarded the 'Green Nobel Prize' for two decades of commitment to biodiversity and the cultural identity of the Adivasi people. A battle that has become 'a model of environmental justice ninth only in India'.
  42. Site: AsiaNews.it
    4 days 15 hours ago
    The Indian activist, 43, started a movement that saved 445,000 acres of forests in Chhattisgarh from the establishment of 21 coal mines. Awarded the 'Green Nobel Prize' for two decades of commitment to biodiversity and the cultural identity of the Adivasi people. A battle that has become 'a model of environmental justice ninth only in India'.
  43. Site: LES FEMMES - THE TRUTH
    4 days 15 hours ago
    Author: noreply@blogger.com (Mary Ann Kreitzer)
  44. Site: southern orders
    4 days 16 hours ago

    Pray for the day when Pope Benedict's common sense is no longer canceled but promoted by the current generation of the Hierarchy and all clergy and laity!


     I pray for the day when TC is repealed by a future pope and the pope sets into motion once again Pope Benedict’s vision for a third Roman Missal which will be “renewal in continuity” also known as the “hermeneutic of continuity”. 

    Until that day arrives, I remain miffed that those in the “New Liturgical Movement” aren’t promoting the reform of the reform of the Modern Missal by “reading the black and doing the red.” 

    There also needs to be a renewed emphasis on traditional piety and devotion during Mass as well as demanding that bishops and priests stop ad-libbing any part of the Mass and to keep their mouth shut when they are tempted to become chatty at any point in the Mass. They must be told that their chattiness at any part of the Mass is destructive to the trajectory of prayer, contemplation and mysticism. If it were done in the Ancient Latin Mass, that chattiness would destroy liturgical prayer too!

    Bishops and priests must be trained to “read only the black and do the red”! That will go a long way in implementing the Modern Roman Missal as Vatican II envisioned it within generalities!

    Apart from that, these things must be recovered:

    1. Gregorian Chant for the propers of the Mass, introit, offertory and Communion antiphons

    2. A recovery of the style and ethos of chanting the Mass

    3. A recovery of distinctions in the style of the Mass, with the concepts of Low, High and Solemn High and what all that means

    4. A recovery of kneeling for Holy Communion

    5. A recovery of sacred silence while liturgical action is occurring not independent of it

    6. A recovery of ad orientem at least for the Liturgy of the Eucharist

    7. A recovery of appreciation and promotion of liturgies of the Church with more than a 1,000 year tradition 

    8. Overcoming the Balkanization of the Liturgy by language and culture thus dividing Catholics even in the same parish rather than uniting them!

  45. Site: PaulCraigRoberts.org
    4 days 16 hours ago
    Author: pcr3

    Cars Used to Make Us Happy

    Paul Craig Roberts

    I attended a classic car show recently and realized why my generation was so happy compared to the current ones. Cars in those days were beautiful and the muscle car element had glorious sounds. Beginning in 1954 but especially with the advent of the 1955 Chevrolet Bel Air coup and Ford Fairlane coup you were looking at beauty enhanced by two-tone paint jobs. Some were a combination of pastels. Others were combinations of strong colors–red and black, yellow and black, red and white, and some were a combination of a strong color and a pastel–navy blue and French blue, pink and black.

    In 1955 Chevrolet brought back the V-8 for its cars, and it was a performer. A stock ’55 Chevy V-8 was a match for our souped up 1950 Ford flatheads. What you could do to that 55 Chevy V-8 was something else.

    So many of the cars, not only Chevrolets and Fords, but also Pontiac, Oldsmobile, and Dodges had beautiful two-tone paint jobs and delightful styling. The cars also offered wonderful visibility. You could see where you were going, backing up, and what was on either side. For us what constituted safety was visibility, good brakes, and maneuverability.

    The mid to late 60s into 1972-73 was the muscle car era. The cars had appealing design as they were designed by designers and not by safety bureaucrats. Some of the colors were outrageous–plum crazy purple, bright lime green, triple black, orange. Such outstanding colors usually indicated potent performance. How fast were the muscle cars of a half century ago?

    Very. Plymouth Barracudas, Superbirds, Dusters, Roadrunners, Dodge Daytonas, Chargers, Ford Torinos, Oldsmobile Cutlasses, 442s, Pontaic GTOs, Firebirds, Chevrolet Chevelles, Cameros could compete in quarter mile times with the supercar of the era, a Lamborghini Miura S (1970). The muscle cars would leave in the dust James Bond’s Aston Martin DB5, Ferrari’s 250 GT Lusso, and even beat fast cars from 20 and 30 years later such as the Lotus Esprit Turbo (1988) and Subaru’s 2001 WRX.
    Moreover, a muscle car could be souped up to high heaven. Some of them run 9 and 10 second quarter mile times, which beats the entire range of today’s supercars, such as Ferrari, Porsche, Lamborghini, Corvettes, and Shelby Mustangs. Not many of the souped up muscle cars from a half century ago can beat the present day Dodge Demon, but they can run with it.

    The thing about muscle cars is that they were so fast that you didn’t need to soup them up like you did a 1950s Ford flathead or a 55 Chevy.

    Muscle cars date from the days of 30 cents per gallon gasoline, and in those days it was 100 octane. The combination of low purchase cost (a Plymouth Barracuda with a Hemi engine cost $4,000), operating cost, style, and performance made them a deal that no longer exists.

    Today’s cars are loaded down with electronics and “safety” that you don’t need and that is difficult to live with and costly. If the tire pressure in my safe car drops from 32 to 31 on come warning lights and notices on my screen. You have to go through a pointless exercise and then spend half an hour figuring out how to turn off the warning indicators.

    Moreover, the accepted safety style comes from federal safety bureaucrats. Consequently, unless you can see the Mercedes star, you can’t tell one from a Toyota.

    Today all cars look alike. And you have 4 color choices–white, black, gray, and a dark red. Mopar performance cars, Corvettes, and performance Mustangs are bringing back striking colors and their performance products have a striking appearance. They certainly get your attention, but they are not beautiful.

    At a large car show cars from the past and present will be on display. The older cars are beautiful. The new ones are aggressive and heavy in appearance. They don’t inspire. They drive well but they don’t make you happy. They look brutish, like American foreign policy.

    In my teenage years driving down a road was like driving along a rainbow. Colors everywhere. Distinctive styles with no possibility of confusing one make with another, glorious sounds if a muscle car passed you, and wonderful visibility.

    All of this ended when the fools up high decided to make us safe. One of the consequences has been that we can’t see out of our cars. My safety designer car has great forward vision unless I turn left down hill. Then the massive pillar that makes me safe blocks all vision. There could be a dog, a child, a huge pothole in the road and I am unable to see it.

    Rear vision depends on cameras, but they are useless when you are backing out of a parking slot in a shopping center. You can see behind you but not on your side as the enormous pillar blocks all vision. When the massive trucks of today are parked along side of you, it is a game of Russian Roulette to back out.

    The emphasis on safety has homogenized car design. There is no distinction, and there are no shapes that work with two-tone paint. The modern car world is drab, and drabness produces depression.

    Thus, the cost of our bureaucratic imposed safety is depression. We are mired in sameness and brutal shapes.

    When did you last see a happy American?

  46. Site: PaulCraigRoberts.org
    4 days 16 hours ago
    Author: pcr3

    McCarthyism Returns in a New Guise

    The Israel Lobby rules the US government and US universities.

    If you oppose genocide you are an anti-semitic Jew-hater.

    Michael Hudson explains

    https://www.unz.com/mhudson/have-you-no-sense-of-decency/

  47. Site: PaulCraigRoberts.org
    4 days 16 hours ago
    Author: pcr3

    Another Consequence of Globalism

    The avocados and berries are for export.

    https://apple.news/AJyzWYpeQTjuA4cXdzX5S0g

  48. Site: PaulCraigRoberts.org
    4 days 16 hours ago
    Author: pcr3
  49. Site: Mises Institute
    4 days 16 hours ago
    Author: Phil Duffy
    Although mainstream economists hold that Adam Smith is the father of modern economics, it was Richard Cantillon that recognized the centrality of entrepreneurship in economic development.
  50. Site: Novus Motus Liturgicus
    4 days 16 hours ago
    When an American pilgrim visits the ancient cities of Italy today, he may easily fail to realize that his own country is older than the modern state of Italy by nearly a century. From the fall of the Roman Empire until the mid-19th century, the Italian peninsula was divided into many countries, of varying size and importance, and the Pope himself ruled a fairly large one, with Rome as its capitalGregory DiPippohttp://www.blogger.com/profile/13295638279418781125noreply@blogger.com0

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