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  1. Site: Ron Paul Institute - Featured Articles
    1 week 3 days ago
    Author: Ian Proud

    The UK mainstream media has puffed up British military might and fortitude since the war in Ukraine began. Now it turns out that Britain would struggle to send 5000 troops to Ukraine in a so called “deterrence force.” Policy thinkers in Whitehall desperately need to engage their brains and reach for peace.

    In a remarkable turn of events, the Times Newspaper of London published an article of 29 April in which it said Europe would struggle to put 25,000 troops on the ground in Ukraine. This from the same newspaper that offered a bizarre eulogy just eighteen days ago about Britain’s “crucial role” in directing Ukraine’s failed counter-offensive in 2023.

    Prime Minister Keir Starmer has actively sought a role for himself, bringing divergent US and European policies closer on the conduct of the war and on plans for peace. To much fanfare, at the March 2 Lancaster House Summit, he announced a “coalition of the willing.”

    The idea emerged that such a coalition might deploy a peacekeeping force to Ukraine after a future ceasefire. Among other things, this force – comprising European and not American troops – would “defend a deal in Ukraine” and “guarantee peace afterwards.” Many meetings were held since that time, in Paris and in London, to explore the details.

    The coalition had four objectives. To keep military aid flowing into Ukraine and apply further pressure on Russia through sanctions, to maintain Ukraine’s sovereignty and participation in peace talks (an obvious point), to boost Ukraine’s defensive capabilities after a peace deal and to deploy the so called ‘coalition of the willing’ to maintain the peace.

    No one, including Starmer, has articulated a clear strategy to guide these objectives. On the contrary, they seem to underpin a continuance of the war, not its cessation.

    If we look at them in turn, keeping military aid flowing into Ukraine and applying more sanctions on Russia will most likely prolong the war, not end it. No one has articulated what the incentive would be for Russia to sue for peace on the basis on the further militarisation of Ukraine, and in the face of additional sanctions. This objective has clearly been driven by the Ukrainian side. Economically, barely a day goes by without Zelensky, Yermak or someone else in the Ukrainian power vertical calling for more sanctions on Russia, at a time when the US press for an end to the conflict. Indeed, Ukraine was calling for more sanctions on Russia in the days before the war’s commencement. On many occasions, I have presented analysis showing how Russia has constantly found ways to adapt to sanctions and illustrated how more sanctions would have no significant economic impact. Like giving Ukraine more weapons, sanctions would only disincentive efforts at peace, by emboldening Russia to continue fighting.

    Even a casual observer might note that the plan to boost Ukraine’s defensive capabilities after a peace plan would amount to wholescale rearmament, running counter to any longer-term peace process. In any case, no one has explained why this rearmament would be needed. Surely, if peace is the way forward, then both sides would gradually and in small steps stand down their forces and reduce their alert state. I wouldn’t suggest that Ukraine dissolves its army on day one. However, with 800,000 personnel, Ukraine already has a bigger army than any other European NATO ally except for Turkey.

    Further, Ukraine has received over one hundred and twenty billion dollars of military aid in the three years since the war started, that’s not far short of Britain’s annual defence budget for two years. What additional defensive capabilities would they need? And, more importantly, who would pay for it? The USA categorically isn’t going to pay for this for at least the next four years under President Trump.

    The European Union will almost certainly fail in its bid to boost its own defence spending by $800bn under von der Leyen’s Rearm plan. That would impose such massive spending increases on countries like France and Italy that it would be political suicide domestically for their governments to do so. Ukraine already cannot afford to keep its military at its currently bloated size after war ends, without massive injections of European money that simply isn’t available. Where will the money come from to rearm Ukraine? Answer, nowhere.

    Which brings us back to the peacekeeping, or deterrence force idea, and the shocking revelation that European nations including Britain don’t even have enough available troops to deliver upon that commitment at any scale. In March, in the afterglow of the Lancaster House Summit, even Conservative politicians hailed Starmer as a modern-day Winston Churchill, standing up against tyranny in Europe. A quick reminder here that Winston Churchill oversaw the mobilisation of almost six million British troops to fight in World War II. Starmer is struggling to muster five thousand for Ukraine.

    The idea of a European peacekeeping force in Ukraine has always, in any case, been a non-starter given Russia’s long-standing and expressed rejection of the notion of NATO forces on the line of control. When Russia pointed this out, and following pressure from the US government on Britain, the peacekeeping proposal was watered down to a “deterrence force.” The idea here was that, rather than being close to the line of control, coalition of the willing troops might deploy to far away spots in the west of Ukraine, just in case they were needed, to deter a theoretical Russian breach of any peace deal. Today, if any European troops can be spared, then they would only deploy to deliver training to Ukraine’s army.

    This state of affairs is beyond embarrassing. We have fallen all too frequently in Britain into the habit of serving up policy soundbites for a willing pro-war media establishment, before getting our policy thinking in order. We do this before discussing our plans with the Americans, who are in the driving seat in the west on plans for peace in Ukraine. At no time, do we appear to assess the risks associated with our ideas, or consider the likely and, in almost every case, entirely predictable Russian response. Nor, perhaps, even engage in dialogue with Russia to negotiate the art of the possible, exploring scope from both sides to reach compromise. A proposal that President Macron should act as Europe’s point person with President Putin has come to nothing. Instead, we stumble, with great self-importance, from one idiotic idea to another, announcing them at every stage as huge breakthroughs in our collective resolve to defeat Russia. Until the moment, finally, when, with not even an ounce of self-awareness, we admit that, upon reflection, it won’t work.

    Surely, now, we must find someone in Whitehall to engage their brain, pull on their grown up trousers, engage with both sides to the conflict, and finally reach for peace?

    Reprinted with permission from Strategic Culture Foundation.

  2. Site: RT - News
    1 week 3 days ago
    Author: RT

    The national governing body has said the ban is the result of a UK Supreme Court ruling

    Transgender athletes will no longer be allowed to compete in women’s football in England, according to the country’s Football Association (FA). The policy change was prompted by a UK Supreme Court ruling.

    The participation of transgender athletes in women’s sports has been a hot topic in recent years. Some argue that this undermines fair competition, while others believe trans athletes should be included based on gender identity rather than their ‘assigned sex’ at birth.

    “Transgender women will no longer be able to play in women’s football in England, and this policy will be implemented from 1 June 2025,” the FA said in a statement released on Thursday, citing last month’s court ruling.

    On April 15, the UK Supreme Court ruled that the term ‘woman’ refers to biological sex, not gender identity, meaning that transgender individuals who were born male are not legally considered women for the purposes of single-sex protections. The ruling comes after the ‘For Women Scotland’ campaign group challenged a Scottish law aimed at increasing the number of women on public boards, which included transgender women with legal recognition as female.

    Fewer than 30 transgender women are registered among millions of amateur players, with none currently playing in the professional game across the Home Nations, the BBC reported on Thursday, citing the FA.

    The ban comes a month after the association ruled that transgender women could continue to play in the women’s game as long as they keep their testosterone levels below 5 n/mol for at least 12 months.

    Read more Imane Khelif of Algeria and Angela Carini of Italy during a women's 66kg match at the Olympic Games in Paris, August 1, 2024. Female boxer’s Olympic beatdown sparks transgender outcry

    The Scottish Football Association has announced the same policy, saying it is banning transgender women from women’s football.

    At the 2024 Summer Olympics in Paris, Algerian boxer Imane Khelif and Chinese Taipei’s Lin Yu-ting found themselves at the center of controversy regarding gender verification in sports. The International Olympic Committee defended their participation, and both athletes won gold medals despite public outcry.

    Italian Prime Minister Giorgia Meloni spoke out, expressing support for Italian boxer Angela Carini, who was defeated by Khelif in a 46-second bout.

    Commenting on Khelif’s victory, Russian President Vladimir Putin said that allowing biological male athletes to compete against females could lead to unintended consequences. In November last year, then-US President-elect Donald Trump also voiced his opposition to the committee’s decision to allow Khelif to compete against women.

  3. Site: Ron Paul Institute - Featured Articles
    1 week 3 days ago
    Author: John W. And Nisha Whitehead

    “One of the most essential branches of English liberty is the freedom of one’s house. A man’s house is his castle.
    —James Otis, Revolutionary War activist, on the Writs of Assistance, 1761

    What the Founders rebelled against—armed government agents invading homes without cause—we are now being told to accept in the so-called name of law and order.

    Imagine it: it’s the middle of the night. Your neighborhood is asleep. Suddenly, your front door is splintered by battering rams. Shadowy figures flood your home, screaming orders, pointing guns, threatening violence. You and your children are dragged out into the night—barefoot, in your underwear, in the rain.

    Your home is torn apart. Your valuables seized. Your sense of safety, demolished.

    But this isn’t a robbery by lawless criminals.

    This is what terror policing looks like in Trump’s America: raids by night, flashbangs at dawn, mistaken identities, and shattered lives.

    On April 24, 2025, in Oklahoma City, 20 heavily armed federal agents from ICE, the FBI, and DHS kicked in the door of a home where a woman and her three daughters—all American citizens—were sleeping. They were forced out of bed at gunpoint and made to wait in the rain while agents ransacked the house, confiscating their belongings.

    It was the wrong house. The wrong family.

    There were no apologies. No compensation. No accountability.

    This is the new face of American policing, and it’s about to get so much worse thanks to the President Trump’s latest executive order, which aims to eliminate federal oversight and empower local law enforcement to act with impunity.

    Titled “Strengthening and Unleashing America’s Law Enforcement to Pursue Criminals and Protect Innocent Citizens,” the executive order announced on April 28, 2025, removes restraints on police power, offers enhanced federal protections for officers accused of misconduct, expands access to military-grade equipment, and nullifies key oversight provisions from prior reform efforts.

    Trump’s supporters have long praised his efforts to deregulate business and government under the slogan of “no handcuffs.” But when that logic is applied to law enforcement, the result isn’t freedom—it’s unchecked power.

    What it really means is no restraints on police power—while the rest of us are left with fewer rights, less recourse, and a Constitution increasingly ignored behind the barrel of a gun.

    This isn’t just a political shift. It’s a constitutional unraveling.

    These aren’t abstract freedoms—they’re the bedrock of the Bill of Rights: the Fourth Amendment’s shield against warrantless searches, the Fifth Amendment’s promise of due process, and the First Amendment’s guarantee that we may speak, protest, and petition without fear of state retaliation.

    Yet the build-up of the police state didn’t begin with Trump. What he has done is seize upon decades of bipartisan failure—and strip away the last remaining restraints.

    For years, under both Republican and Democratic administrations, policing in America has grown more militarized, aggressive, and unaccountable. At times, there were modest attempts to rein in the worst excesses—like curbing the flow of military surplus equipment to local police—but these efforts were short-lived, inconsistent, and easily undone.

    Trump’s executive order doesn’t just abandon those reforms. It bulldozes the guardrails. It hands law enforcement a blank check: more weapons, more power, and fewer consequences.

    The result is not safety. It’s state-sanctioned violence.

    It’s a future in which no home is safe, no knock is required, and no officer is ever held accountable.

    That future is already here.

    Just a few days before Trump signed the order, that reality played out in Oklahoma City when ICE, FBI, and DHS agents stormed the wrong home and terrorized a mother and her daughters.

    Unfortunately, this is not an isolated incident.

    In the 30 years since the first federal Crime Bill helped militarize local police forces, the use of SWAT teams has exploded. What was once a rare tactic for hostage situations is now used tens of thousands of times a year, often for nonviolent offenses or mere suspicion. These raids leave behind broken doors, traumatized children, and, too often, dead bodies. And yet, when families seek justice, they’re met with a legal wall called qualified immunity.

    Under this doctrine, courts excuse even blatant misconduct by law enforcement unless an almost identical case has already been ruled unconstitutional. It’s legal sleight of hand—a get-out-of-jail-free card for government agents who trample on the Constitution.

    We’ve entered an era in which federal agents can destroy your home, traumatize your family, and violate the Fourth Amendment with impunity. And the courts have said: that’s just how it works.

    More than 80,000 SWAT raids now occur annually in the United States, most of them for nonviolent offenses like drug possession or administrative code violations.

    Many are botched. Few are ever investigated.

    In Martin v. United States, now before the Supreme Court, a heavily armed FBI SWAT team mistakenly stormed a Georgia home—armed with rifles, clad in tactical gear, and deploying a flashbang grenade—causing the family inside, with a 7-year-old son, to fear they were being burglarized.

    The agents were supposed to raid a gang suspect’s house. Instead, they relied on faulty GPS and ended up at the wrong address, a block away from the intended target.

    Only after detaining the family—forcing one family member onto the bedroom floor at gunpoint, and then pointing a gun in the mother’s face—did the officers realize their mistake.

    The Rutherford Institute, alongside the National Police Accountability Project, filed an amicus brief urging the Court to deny qualified immunity for the agents. But if history is any guide, justice may prove elusive.

    Just last year, the Court refused to hold a SWAT team leader accountable for raiding the wrong house, wrecking the wrong home, and terrorizing an innocent family.

    In Jimerson v. Lewis, the SWAT team ignored clear differences between the actual target house and the Jimerson residence—missing house numbers, architectural mismatches, a wheelchair ramp where none should have been—and still received qualified immunity.

    These rulings aren’t exceptions—they reflect a growing doctrine of unaccountability enshrined by the courts and now supercharged by the Trump administration.

    Trump wants to give police even more immunity.

    Brace yourselves for a new era of lawless policing.

    President Trump’s call for a new crime bill that would further insulate police from liability, accountability and charges of official misconduct could usher in a new era of police brutality, lawlessness and the reckless deployment of lethal force on unarmed civilians.

    This is how the rights of ordinary Americans get trampled under the boots of unchecked power.

    Even when SWAT commanders disregard warrants, ignore addresses, and terrorize innocent families, the courts shield them from consequences.

    These SWAT raids have become a thinly veiled, court-sanctioned excuse to let heavily armed police crash through doors in the dead of night. Too often, they’re marked by incompetence, devastation, and death—leaving a trail of broken homes and broken lives, while law enforcement escapes accountability.

    There was a time in America when a person’s home was a sanctuary, protected by the Fourth Amendment from unlawful searches and seizures.

    That promise is dead.

    We have returned to the era of the King’s Writ—blanket search powers once used by British soldiers to invade colonial homes without cause. As James Otis warned in 1761, such writs “annihilate the privilege” of privacy and due process, allowing agents of the state to enter homes “when they please.”

    Trump’s new executive order revives this tyranny in modern form: armored vehicles, night raids, no-knock warrants, federal immunity. It empowers police to act without restraint, and it rewards those who brutalize with impunity.

    Even more alarming, the order sets the stage for future legislation that could effectively codify qualified immunity into federal law, making it nearly impossible for victims of police violence to sue.

    This is how constitutional protections are dismantled—not in one dramatic blow, but in a thousand raids, a thousand broken doors, a thousand courts that look the other way.

    Let’s not pretend we’re safe. Who will protect us from the police when the police have become the law unto themselves?

    The war on the American people is no longer metaphorical.

    Government agents can now kick in your door without warning, shoot your dog, point a gun at your children, and suffer no legal consequences—so long as they claim it was a “reasonable” mistake. They are judge, jury, and executioner.

    With Trump’s new order, the architecture of a police state is no longer theoretical. It is being built in real time. It is being normalized.

    It’s not just the poor, the marginalized, or the criminalized who should be afraid. It’s every homeowner, every parent, every citizen who still believes in the Bill of Rights.

    Nowhere is this threat more visible than in the unholy alliance between ICE and militarized police forces.

    This is where the danger deepens: when ICE and SWAT join forces, no one is safe.

    This is more than just a problem of policing—it’s the convergence of two of the most dangerous arms of the modern security state: the merging of federal immigration enforcement with militarized domestic operations, creating a volatile blend of ICE lawlessness and militarized SWAT-style brute force.

    Together, they’ve created a government apparatus that acts first and justifies itself later, if at all.

    What used to be separate spheres—immigration enforcement and local policing—have now, under the pretense of national security, merged into a seamless operation of nighttime raids, heavy weaponry, blacked-out uniforms, and unmarked vehicles.

    Armed federal agents, often operating in plainclothes and without clearly presented warrants, storm homes in the dead of night.

    The distinction between a SWAT raid and an ICE operation has disappeared.

    ICE agents—often masked, plainclothes, and operating without judicial oversight—are executing aggressive home invasions indistinguishable from SWAT team raids. These officers operate in secret, detaining individuals without clear warrants, sometimes without charges, and often without informing families of where their loved ones have been taken.

    This alliance of ICE and SWAT has turned the American home into a battlefield, especially for those deemed politically inconvenient or “suspect” by the state.

    These raids aren’t limited to those suspected of crimes.

    Legal residents, asylum seekers, and even U.S. citizens have found themselves disappeared under vague claims of national security or immigration violations.

    It is policing by fear and disappearance. And it runs counter to everything the Bill of Rights was designed to prevent: punishment without trial, surveillance without suspicion, and power without accountability.

    When ICE agents armed with military-grade equipment conduct predawn raids alongside SWAT teams, with little to no accountability, the result is not public safety. It is state terror. And it’s exactly the kind of unchecked power the Constitution was written to prevent.

    The Constitution is supposed to be a shield—especially the Fourth Amendment, which guards against unreasonable searches and seizures. But in this new reality, the government has nullified that shield.

    All of America is fast becoming a Constitution-free zone.

    What started as an exception—the so-called Constitution-free zone at the border—is fast becoming the norm across America, where due process is optional, and law enforcement acts more like a domestic army than a public servant.

    The government no longer needs to prove its authority in court before violating your rights. It only needs to assert it on your doorstep—with flashbangs and rifles at the ready.

    The only castle left may be the one you’re willing to defend.

    The Founders knew the dangers of unchecked power. That’s why they gave us the Fourth Amendment. But rights are only as strong as the public’s willingness to defend them.

    If we allow the government to turn our homes into war zones—if we continue to reward police for lawless raids, ignore the courts for rubber-stamping abuse, and cheer political leaders who promise “no more handcuffs”—we will lose the last refuge of freedom: the right to be left alone.

    As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, the Constitution cannot protect you if the government no longer follows it—and if the courts no longer enforce it.

    The knock may never come again. Just the crash of a door. The sound of boots. And the silence that follows.

    Reprinted with permission from the Rutherford Institute.

  4. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    A Taxing Showdown: Trump Says Harvard Will Lose Tax-Exempt Status

    The woke liberal elites, perched high in their Harvard University ivory towers in Cambridge, Massachusetts, have been plotted at extreme levels on the "F*ck Around and Find Out" (FAFO) chart, which illustrates their relationship between taking risks ("f*ck around") and facing consequences ("find out") in response to President Trump's simple request to dismantle the toxic framework of diversity, equity, and inclusion on campus. 

    The standoff between President Trump and woke elites deepened on Friday morning after the president wrote on Truth Social: "We are going to be taking away Harvard's Tax Exempt Status. It's what they deserve!" 

    On Wednesday, President Trump suggested to U.S. Education Secretary Linda McMahon that the federal government may stop giving the far-left university grants: "And it looks like we are not going to be giving them any more grants, right Linda?"

    The president has launched a formal review into the $9 billion in federal funding for the university. He demanded the university end DEI and crack down on anti-Semitic protests fueled by pro-Palestinian groups. 

    F*ck Around:

    Find Out:

    Last week, the president asked the Internal Revenue Service to revoke Harvard University's tax-exempt status. The Ivy League school's failure to wind down woke and toxic liberal agendas that undermine the nation has left it at the end phase of FAFO. 

    On Thursday night, Trump told students in his commencement address at the University of Alabama: "The next chapter of the American story will not be written by the Harvard Crimson. It will be written by you, the Crimson Tide."

    Tyler Durden Fri, 05/02/2025 - 09:45
  5. Site: RT - News
    1 week 3 days ago
    Author: RT

    Excluding Moscow’s representatives from commemorations of the defeat of the Nazis shows a problem with elementary logic and basic decency

    Eighty years ago, Germany suffered its worst self-induced military – as well as moral, political, cultural, you name it – catastrophe ever.

    First, Nazi Germany led the global fascist challenge that we call World War II. Then, Germany was not merely defeated but crushed by the combined efforts of, in order of importance, the Soviet Union, the US, and UK, to name only those powers that really mattered decisively for the outcome of the war in Europe. This Allied victory in Europe is celebrated in May. In the West, the commemorations peak on the 8th and in Russia, one day later.

    In Asia, things were different. World War II started earlier – in July 1937, not September 1939, and ended later – in August, not May, 1945. Regarding the war in Europe, the West has always, with varying intensity, sought to diminish the preponderant role of the Soviet Union – and within the latter, of Russia.

    Concerning the war in Asia, the West’s main target of this weaponized forgetfulness has been China, rightly labeled “the forgotten ally” by historian Rana Mitter. China, like the Soviet Union and now Russia, has always dared challenge Western hegemony and especially US ‘primacy’. And, as with Russia and the former Soviet Union, it is this geopolitical independence that has led the West to deny the Chinese people’s real and massive World War II contribution and sacrifices, which were enormous (the death toll alone, to quote only one figure, is estimated at 12-20 million).

    But for now, back to the European part of the war. There, in historical reality, it was the Soviet Union that did the most – by far – to destroy Nazi Germany. And that is a simple, even quantifiable historical fact. Merely a decade ago, it was occasionally admitted even in Western mainstream media, such as America’s Washington Post and Britain’s Independent.

    A few figures suffice to sketch just how predominant the Soviet share in the victory over Nazism was: Over the course of the war, in all its theaters, 17 to 18 million Germans served in the Nazi forces (including the Wehrmacht and the smaller but especially important and vicious Waffen-SS).

    Read more  Protesters hold placards saying 'Putin is a killer' and 'Putin is a terrorist' in front of the Russian embassy in Berlin, Germany. German anti-Russia propaganda is reaching Nazi-era levels

    At least 4 million German soldiers were killed in the fight against the Soviet Union from 1941 to 1945 alone. Estimates indicate that at least as many were injured, probably more; around 3 million became POWs.

    The upshot of this is simple: A massive chunk, some historians estimate up to 80%, of the total German fighting manpower of World War II – not only those who invaded the Soviet Union – was eliminated on what the Germans called the Eastern Front. Without going into easily available details, the picture is similar when we focus not on men but materiel.

    Ask, for instance, Google’s Gemini AI in Deep Research mode, and it will sum it up thus: “It is evident that the Eastern Front absorbed the vast majority of Germany’s total tank losses throughout the war.” It turns out that the failure of Germany’s touted Leopard tank in the Ukraine conflict has a long tradition reaching back to Nazi Germany’s Panthers and Tigers: Russia, neutering German cats since 1941.

    Put simply, as with Sweden’s Gustav XII and France’s Napoleon, it was Russia and the Soviet Union that broke Hitler’s back. And at enormous cost and sacrifice: Current, solid figures put Soviet losses (military and civilian combined) at 26-27 million. (Compare, for instance, with the US: Military casualties, according to Encyclopedia Britannica, just over 292,000; civilian losses were negligible, even if every individual death is, of course, tragic.)

    And now it is Germany – of all places – that has marred the run-up to this year’s May anniversary with an embarrassingly ugly scandal. Its essence is a German government attempt to crudely instrumentalize the commemorations to make them serve the propaganda war that has been part of the West’s proxy war in Ukraine, while accusing Russia of doing just that. In Germany, more and more often, every accusation is a confession, as they say about Israeli propaganda.

    While similar initiatives have occurred for years, this year, the German Foreign Office – still mismanaged by Annalena ‘360-Degrees-of-Russophobia’ Baerbock – has escalated the pettiness by circulating a so-called Handreichung – officially, a sort of advice; unofficially, nasty arm-twisting – to insist that neither Russian nor Belarusian representatives should be invited to commemoration events and that, if they dare show up anyhow, they should be kicked out.

    The barbaric call to, in essence, kick out well-behaved diplomats as if they were brawlers at a pub, is encoded as a reference to ‘house rules’ to be enforced. But this is a shamelessly primitive euphemism, about as Teutonically klutzy as when the German authorities used to disappear their opponents into ‘protective custody’.

    Read more Germany’s Chancellor-in-Waiting Friedrich Merz. Germany wants the UK to hold its hand while it starts WWIII

    The German mainstream media have mostly, once again, supported this harebrained and bigoted attempt to stick it to the Russians, as is fashionable again in the new-old Zeitenwende Germany of massive re-armament and ‘war fitness’ (Kriegstuechtigkeit – a term Nazi-infowarrior-in-chief Joseph Goebbels also used). As always, Ukrainian representatives have done their best to misuse their always willingly available German media platforms to confirm Germans in their errors.

    The German parliament has followed the Foreign Office and demonstratively excluded Russian and Belarusian diplomats from its commemorations. At least some of the heads of commemoration sites and museums are obeying the Foreign Office’s advice, or perhaps pursuing the same policy out of their own provincial dogmatism. Christian Wagner, who is responsible for sites in Thuringia, has explicitly barred Russian and Belarusian diplomats. Likewise, the head of commemoration sites in Brandenburg, Axel Drecoll, has boasted of disinviting the Russian ambassador and of being ready to evict him – in cooperation with the ‘security forces’ – if he tries to attend.

    The good news is that there is resistance as well. Around the town of Seelow – a region with special importance because of the immense 1945 Battle of the Seelow Heights – local politicians, including from Sarah Wagenknecht’s leftwing BSW, the centrist SPD, and also the mainstream-conservative CDU party, dared show themselves “astonished” by the Foreign Office’s “absurd” ideas.

    When Russian Ambassador Sergey Nechayev did attend a commemoration event, no one asked him to leave and – surprise, surprise – nothing terrible or scandalous happened. That’s because Russians, unlike quite a few Germans, it seems, still know how to behave with decency.

    To the credit of many other Germans, in Seelow, the ambassador was welcomed by a crowd showing their support and respect. Nechayev also took part in commemorations in Torgau, where Soviet and US troops famously met toward the end of the war, and later, at the site of the former camp of Sachsenhausen, which was liberated by the Red Army in April 1945. There, as well, the hysterical fantasies of Germany’s Foreign Office proved simply irrelevant.

    In the Berliner Zeitung, songwriter and author Hans-Eckardt Wenzel sharply criticized the policy of weaponizing the memory of World War II against Russia. In particular, he took Axel Drecoll to task, challenging him, in effect, to stop his attempts at rewriting history.

    Read more Russian President Vladimir Putin Russia is a nation of winners – Putin

    The German Foreign Office, meanwhile, has shown cold feet. It has begun to equivocate in a comically dishonest and self-revealing manner. When challenged about his ministry’s gratuitous initiative against Russian and Belarusian representatives, its spokesman, Sebastian Fischer, outdid his usual stonewalling: The Foreign Office’s circular, he said, is not a prohibition because the individual memorial sites and museums retain the right to decide whether to follow it or not.

    Yes, sure, and we know from Hollywood that the Pirate Code is not really legally binding but more like, you know, sort of a recommendation. Russia has long pointed out that Western elites have become so habitually underhanded, so addicted to sophistry and casuistry that they are no longer ‘agreement-capable’. Thank you for selflessly illustrating, Mr. Fischer from the Foreign Office, that this collapse of a minimum of good faith holds true not only in their behavior abroad but at home as well.

    In reality, it is obvious that – despite Fischer’s transparent weaseling – the Foreign Office issued its directive to exert political and public-opinion pressure and do its worst to compel other institutions. To now discover that no one really meant to give orders is a cheap cop-out. But let’s be fair, for Germany, it’s at least a new one: From ‘I was just following orders’ to ‘We never really meant to give any.’ And they say Germans have learned nothing from their nasty past!

    In the same press conference, Fischer also failed to answer a crucial question: His ministry has argued that Russian and Belarusian representatives should be kept away and even kicked out if they dare show up in order to prevent any nefarious political instrumentalization.

    Read more Victory Parade on Moscow's Red Square on June 24, 1945. Russia thanks US for help during WWII

    Yet, when reminded that similar concerns have been voiced for years now and asked to provide concrete examples of anything of the kind actually happening, Fischer drew an embarrassing blank. He mumbled something vague about some St. George’s ribbons – and that was it, all he could come up with. This from a strangely high-ranking spokesman for a country that has never really had an issue with quite a few of its new Ukrainian friends displaying stuff that is by any reasonable reckoning much worse, namely Nazi-style – and often just straightforward-Nazi – symbols. Talk about instrumentalizing the memory of World War II!

    It was left to a member of the German parliament from the Alternative for Germany party (AfD) to speak some plain truth: Steffen Kotre pointed out that it is, actually, Germany’s “ideological policy” that “is instrumentalizing history.” For those out to “clobber the Russians ideologically,” the real history of World War II does not even matter. Exactly!

    It is not a pretty picture: The German authorities have revealed, once more, just how small-minded, historically illiterate, and fanatically Russophobic they are. The same politicians who have never failed to support Israel’s routine instrumentalization of the German crime of the Holocaust to cover for Israel’s own brutal crimes of apartheid and genocide against the Palestinians, have shown that they see Russia as a legitimate target of what can only be called memory warfare by dirty tricks.

    Of all countries, it is Russia, the one that – objectively, quantifiably – did the most to rid the world of the Nazism that Germans made, served, and fought for, which some Germans now feel they have to censure and offend demonstratively. Germany’s elites have serious problem not merely with memory but with elementary logic and basic decency.

  6. Site: LifeNews
    1 week 3 days ago
    Author: Steven Ertelt

    President Donald Trump signed an executive order Thursday directing the Corporation for Public Broadcasting (CPB) to halt federal funding for National Public Radio (NPR) and the Public Broadcasting Service (PBS), marking a significant step in his administration’s push to curb taxpayer support for the two liberal news outlets.

    The order, announced late Thursday, instructs the CPB to terminate direct funding to NPR and PBS “to the maximum extent allowed by law” and to take steps to “minimize or eliminate” indirect funding through grants to local stations.

    The White House framed the move as a response to what it called “radical, woke propaganda disguised as news” from the broadcasters, which receive millions annually in taxpayer funds.

    “President Trump just signed an executive order ENDING the taxpayer subsidization of NPR and PBS — which receive millions from taxpayers to spread radical, woke propaganda disguised as ‘news,’” the White House stated on social media. The order argues that government funding for news media is “outdated and unnecessary” in today’s diverse media landscape and “corrosive to the appearance of journalistic independence.”

    Click here to sign up for pro-life news alerts from LifeNews.com

    Conservatives have long criticized NPR and PBS for liberal bias, pointing to coverage they say disproportionately favors leftist viewpoints. The executive order cites the abundance of private media options in the digital era, stating that NPR and PBS “no longer serve a meaningful purpose warranting taxpayer funding.”

    The CPB, a congressionally chartered nonprofit, distributes about $535 million annually to public radio and television stations, with a portion supporting NPR and PBS. While NPR receives roughly 1% of its budget directly from federal funds and PBS about 16%, local stations rely more heavily on CPB grants, which can account for 8% to 10% of their budgets.

    The move follows earlier signals from the Trump administration, which in April announced plans to ask Congress to rescind $1.1 billion in CPB funding, equivalent to two years of its budget. That proposal has yet to be submitted, but Thursday’s executive order escalates the effort by directly targeting the broadcasters.

    Critics of NPR and PBS, including GOP lawmakers, have intensified scrutiny in recent months. In March, the House Oversight and Government Reform subcommittee grilled NPR and PBS executives over allegations of biased reporting. Brendan Carr, Trump’s pick to lead the Federal Communications Commission, also launched an investigation into whether the broadcasters’ underwriting spots violate laws banning commercial advertisements.

    The White House order further directs the Secretary of Health and Human Services to investigate potential employment discrimination at NPR and PBS, citing concerns over compliance with federal anti-discrimination laws.

    The CPB, which Congress established in 1967 to shield public media from political interference, has already pushed back against the administration. Earlier this week, it sued the White House over attempts to remove three board members, arguing that the CPB, as a private entity, is not subject to presidential authority. Legal challenges to the executive order are expected, with analysts questioning its enforceability given the CPB’s funding structure and congressional oversight.

    House Speaker Mike Johnson signaled openness to reviewing public media funding, noting “thoughtful debate” among lawmakers. However, the CPB’s budget is approved through September 2027, potentially complicating immediate cuts.

    Trump’s order aligns with broader efforts to reduce federal spending and dismantle programs viewed as misaligned with conservative priorities.

    The post President Trump Signs Executive Order Defunding NPR and PBS appeared first on LifeNews.com.

  7. Site: Mises Institute
    1 week 3 days ago
    Author: Ryan Wardle
    The Department of Education has the role of selecting and authorizing private accrediting agencies which, in turn, are enabled to give or not give accreditation.
  8. Site: OnePeterFive
    1 week 3 days ago
    Author: T. S. Flanders

    The Crusade of Eucharistic Reparation is a lay sodality run by OnePeterFive in partnership with Benedictus and LatinMass.com (Mass of the Ages). This crusade was called by His Excellency, Bishop Athanasius Schneider in June of 2020 in response to the profanations of Our Lord in the Blessed Sacrament during the COVID crisis. Now he has also added the intention of the reversal of Traditionis…

    Source

  9. Site: LifeNews
    1 week 3 days ago
    Author: Steven Ertelt

    Congressional Republicans are putting together legislation that would defund America’s biggest abortion business.

    According to a new Fox News report, House Republicans are discussing a measure that would defund Big Abortion, including both the Planned Parenthood abortion chain as well as other companies that kill babies for profit.

    The defunding is part of a package of legislation the House is considering to cut at least $1.5 trillion in spending and it follows on the heels of House Speaker Mike Johnson saying he wants to use reconciliation to defund Planned Parenthood.

    “We are working on a lot of different options, but that’s been discussed,” Committee Chairman Brett Guthrie, R-Ky., told Fox News Digital when asked directly about Planned Parenthood. “Yeah, it’s been discussed.”

    Click here to sign up for pro-life news alerts from LifeNews.com

    Reconciliation is a budgetary process that allows both the House and Senate to pass a major piece of financial legislation with just a majority vote – normal in the House but helpful in the Senate because it’s not subject to the filibuster Senate Democrats would typically use to block pro-life legislation.

    Planned Parenthood received $699.3 million in taxpayer funding fiscal year and carried out 392,712 abortions in its 2022-2023 fiscal year, according to its most recent annual report.

    The Speaker of the House says he’s fully on board with taking away taxpayer dollars from America’s biggest abortion chain, but the House would need the votes to do it. With a very narrow Republican majority and no pro-life Democrats that’s easier said than done.

    Still, Johnson said he would like to defund the abortion giant and is working to build the votes to do it. Likely, the only way that can be accomplished is via a reconciliation bill — which both the House and Senate can pass on a majority vote margin.

    “I would like to. That’s for sure,” Johnson said in an interview on Fox News’s “The Story with Martha MacCallum,” when asked whether he plans to axe the two organizations.

    “Yeah,” Johnson said, when MacCallum clarified whether he wants to cut spending to the organizations, adding, however, that, “We got to build consensus to have the votes to do that.”

    “Now, some of this will be done by executive order out of the White House. He has a broad authority to do a lot of that,” Johnson said, referring to President-elect Trump. “But where Congress is involved, that’s where it takes the hard work of legislating and getting everybody on the same page.”

    Despite the U.S. Supreme Court overturning Roe v. Wade and Planned Parenthood v. Casey on June 24, 2022, Planned Parenthood aborted five percent more unborn children during the 2022-2023 fiscal year than the previous year and brought in more than $2.9 billion in assets.

    In the recently released 2022-2023 fiscal year annual report titled, “Above & Beyond,” Planned Parenthood states it performed 392,715 abortions. That means Planned Parenthood killed 1,075 babies in abortions every single day even though the abortion giant claims its main focus is merely “women’s health care.” In other words, Planned Parenthood kills 44 babies every hour.

    Despite the fact that the High Court ruled there is no right to an abortion on a federal level, Planned Parenthood continues to make profit from abortions its top priority.

    “Above & Beyond” also shows that 34 percent of Planned Parenthood’s revenue, $699.3 million, comes from “government health services reimbursements and grants,” or taxpayer dollars.

    Taxpayer funding of Planned Parenthood surged $65.9 million after Joe Biden took office in 2021, even as inflation and a slow economic recovery from the artificial COVID shutdowns eroded Americans’ real income.

    The post House Republicans Putting Together Legislation to Defund Planned Parenthood appeared first on LifeNews.com.

  10. Site: AsiaNews.it
    1 week 3 days ago
    A hundred people have died in clashes between Druze and Sunni militias near Damascus and Suwayda. The spiritual leader of Syria's Druze calls for international intervention. In Lebanon, groups hostile to Syria's Islamist regime hold protest rallies. Jumblatt announces agreement in principle with Damascus. At dawn Israel struck near the Syrian presidential palace as a warning.
  11. Site: PaulCraigRoberts.org
    1 week 3 days ago
    Author: pcr3
  12. Site: PaulCraigRoberts.org
    1 week 3 days ago
    Author: pcr3

    Great Britain Has Degenerated Into a Police State

    There is no longer any doubt about it.

    https://www.unz.com/article/the-west-serves-as-israels-police-w-richard-medhurst/ 

  13. Site: PaulCraigRoberts.org
    1 week 3 days ago
    Author: pcr3

    A Russian Commentator Provides a More Accurate Picture of Trump than Does the Western Media

    “The first 100 days of Donald Trump’s second presidency have sparked a wave of commentary portraying him as a revolutionary. Indeed, the speed, pressure, and determination with which he has acted are striking. But this view is superficial. Trump is not dismantling the foundations of the American state or society. On the contrary, he seeks to restore the pre-globalist republic that the liberal elite long ago diverted onto a utopian internationalist path. In this sense, Trump is not a revolutionary, but a counterrevolutionary – an ideological revisionist determined to reverse the excesses of the liberal era.

    “At home, Trump benefits from Republican majorities in both houses of Congress. Legal challenges to his policies – particularly on downsizing government and deporting illegal immigrants – have so far made little progress. Accustomed to media attacks, Trump continues to hit back hard. The recent story alleging that top officials debated strikes on Yemen over Signal has not gained political traction. If anything, it reinforces Trump’s image as a president who acts decisively and without fear of scandal.

    “Trump’s economic course is clear: re-industrialization, tariff protectionism, and investment in cutting-edge technologies. He is reversing decades of globalist integration, pressing allies to pool financial and technological resources with the US to rebuild its industrial base. Tactically, Trump applies pressure early, then offers retreats and compromises to lure competitors into negotiations favorable to America. This approach has been effective, particularly with Washington’s allies. Even with China, Trump is betting that Beijing’s reliance on the US market, and America’s influence over EU and Japanese trade policy, will yield strategic concessions.”

    Dmitry Trenin’s assessment can be read here:  https://www.rt.com/news/616578-trumps-foreign-policy-calculated/ 

    PCR comment:  Trenin, like so many Russians hopeful of being part of the West, overlooks the possibility that the purpose of the Ukrainian peace negotiations is to sequence the West’s wars against Russia and China.  I look forward to reading Dmitry Trenin’s assessment of West Mitchell’s recent article in Foreign Affairs.  https://www.paulcraigroberts.org/2025/04/26/a-peace-deal-or-a-deception/ 

  14. Site: PaulCraigRoberts.org
    1 week 3 days ago
    Author: pcr3

    Trump Can Tell the Truth In A Very Poignant Way

    https://x.com/townhallcom/status/1917985594136822091 

     

    And he can also tell fibs:

    Trump Claims US Did ‘More Than Any Other Country’ to Win World War II

    https://sputnikglobe.com/20250502/trump-claims-us-did-more-than-any-other-country-to-win-world-war-ii-1121965577.html

    Trump’s claim is ridiculous.  He is making a fool of himself.  It was the Soviet Army that defeated Germany. All of the significant battles were in Russia. The enormous differences in battle deaths prove it.

    Total US battle deaths (Germany and Japan):  291,557.  Total WW II US military deaths (all causes):  407,316.  The war with Japan accounted for 111,606 of the US military deaths.

    Russian WW II dead:  27,000,000.

    Germany’s war dead (including civilians):  18,000,000.

    Trump’s false claim does not create an image of a person whose veracity will be trusted by the Kremlin.

  15. Site: RT - News
    1 week 3 days ago
    Author: RT

    The US president has renamed two WWII and WWI-related holidays to “start celebrating our victories”

    The US played the most significant role in achieving victories in the two world wars, President Donald Trump claimed on Friday. Trump made the claim while announcing he has designated May 8 as Victory Day for WWII and November 11 Victory Day for WWI.

    Nazi Germany officially capitulated to the Allied forces on May 8, 1945, shortly after Soviet troops captured Berlin. The surrender took effect after midnight in Moscow. Traditionally, May 8 is observed as Victory in Europe Day, with Russia celebrating on May 9.

    ”Many of our allies and friends are celebrating May 8th as Victory Day, but we did more than any other Country, by far, in producing a victorious result on World War II,” Trump wrote in a post on Truth Social on Thursday.

    “Nobody was close” to the US “in terms of strength, bravery, or military brilliance,” Trump claimed. “We won both Wars,” he wrote, adding that “We are going to start celebrating our victories again!”

    Trump’s praise for the US military effort in Europe comes as he pressures fellow NATO member states to ratchet up their defense budgets. European Commission President Ursula von der Leyen has warned that the EU must take responsibility for its own defense as the US is gradually stepping back from its security commitments on the continent.

    Read more Victory Parade on Moscow's Red Square on June 24, 1945. Russia thanks US for help during WWII

    The US president has previously claimed that Russia “helped” the US win WWII, drawing a rebuke from Moscow. Earlier this week, Kremlin spokesman Dmitry Peskov noted that while Russia is grateful to the US for its support during the Second World War via the Lend-Lease program, the Soviet Union would have beaten Nazi Germany anyway.

    The US does not officially observe any public holidays dedicated specifically to World War II. However, remembrance ceremonies have been held nationwide in May, August, and September for many years. On November 11, the US celebrates Veterans Day, commemorating the 1918 armistice , which suspended active hostilities and effectively ended the World War I.

  16. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    Futures Rise Ahead Of Payrolls After China Hints At Trade Talks

    US equity futures gained ahead of the April Payolls report, but were well of their highs, after China said it is assessing the possibility of trade talks with the US, the first sign that negotiations could begin between the two sides since Donald Trump hiked tariffs last month. As of 8:10am ET, S&P futures are up 0.4% while Nasdaq 100 contracts add 0.2%, limited by weakness in the tech sector as Apple and Amazon.com shares fall in premarket after their respective updates appeared to underwhelm investors. If the S&P 500 closes in the green on Friday, it would mark a ninth day of gains, the longest winning streak for the US benchmark since November 2004. Asian markets were also broadly higher and Europe's Estoxx 50 advances 1.5% in early London session, with risk sentiment stoked after China hinted at the possibility of trade talks. Bond yields are unchanged, reversing an earlier drop, oil and USD are both lower, while gold rebounds +0.7% from recent losses. Today, all eyes on NFP at 8.30am ET to assess market sentiment; Consensus expects a 138k print vs. 228k prior and the Unemployment Rate to hold at 4.2% (more in the full preview here).

    In premarket trading, Apple falls 3% after the iPhone maker reported China sales that were disappointing, and warned about the impact of tariffs. Amazon.com slips 0.5% after the e-commerce and cloud-computing company gave a weaker-than-expected outlook for operating income as tariff uncertainties weigh. Here are the other Mag7s: Alphabet +0.8%, Meta +1%, Nvidia +1.1%, Microsoft +0.3%, Tesla +0.4%. US-listed Chinese stocks rise as Beijing says its assessing the possibility of trade talks with America (Alibaba (BABA) +3%, Baidu (BIDU) +2%, NetEase (NTES) +1.3%). Airbnb (ABNB) fell 5% after issuing a weak outlook for the second quarter, citing economic uncertainties for softer travel demand in the US. Here are some other notable premarket movers:

    • Ardelyx (ARDX) drops 17% after the biotech firm’s first-quarter revenue missed estimates,
    • Atlassian (TEAM) sinks 17% after the software company gave an outlook that analysts are cautious about, although Barclays questioned the scale of the stock’s drop.
    • Block (XYZ) sinks 21% after the financial services and digital payments company cut its adjusted operating income guidance for the full year.
    • Chevron Corp. (CVX) slips 2% as the company will reduce share buybacks this quarter after oil prices tumbled.
    • Cytokinetics (CYTK) falls 11% after the drug developer said US regulators need more time to review a safety plan for the company’s experimental heart drug aficamten.
    • Duolingo (DUOL) gains 8% after raising its full-year sales and profit outlook as artificial intelligence offerings drive users to its higher-priced subscriptions.
    • Exact Sciences (EXAS) gains 11% after the maker of the Cologuard cancer test boosted its revenue and adjusted Ebitda forecasts for the full year following a largely better-than-expected first quarter.
    • Exxon Mobil Corp. (XOM) climbs about 1% after the company met earnings estimates due to higher production from low-cost projects, allowing it to maintain its share buybacks despite the recent drop in crude prices.
    • Ingersoll Rand (IR), a company that makes equipment designed to control the flow of energy such as air and gas compressors, falls 4% after the reducing its full year adjusted Ebitda forecast.
    • LendingTree (TREE) declines 13% after the online loan marketplace cut its revenue guidance for the full year. The company also trimmed the upper end of its forecast range for year adjusted Ebitda.
    • Take-Two Interactive Software (TTWO) declines 15% after announcing a delay in the release date of Grand Theft Auto VI.
    • Twilio (TWLO) rises 8% after the communications software firm boosted some fiscal year forecasts.
    • Reddit (RDDT) rises 8% after the social-networking company gave a second-quarter forecast that beat expectations.

    Optimism is steadily fueling an equity comeback. If the S&P 500 closes in the green on Friday, it would mark the longest winning streak for the US benchmark since November 2004. Indeed, investors are now betting on a more market-friendly stance from President Donald Trump in the coming months, and fears about a US recession could diminish further if Friday’s key jobs report shows resilience, according to Bank of America Corp.’s Michael Hartnett. 

    “It seems we may have reached peak policy uncertainty,” said Kevin Thozet, a member of the investment committee at Carmignac in Paris. “There are talks ongoing, and Trump seems to have watered down some of his policies. If you add in that the earnings season has been fairly positive, the overall backdrop isn’t that bad.”

    Even so, bets are rising the Federal Reserve will be forced to accelerate interest rate cuts to head off an economic slowdown.  Money markets are pricing in almost four quarter-point rate cuts in 2025, one more than was anticipated before Trump’s tariff announcement on April 2.

    Meanwhile, economists expect the jobs report to show only 138,000 new positions added in April after the data blew away expectations in March. The surveys behind the report were conducted the second week of April, when Trump put some levies on hold and sharply raised those on China goods (full preview here).

    European stocks followed their Asian counterparts higher The Stoxx 600 is up 0.8%, led by gains in mining, technology and construction names. Utilities underperform.  Here are some of the biggest movers on Friday:

    • ING shares rise as much as 5.7% as analysts welcome the Dutch bank’s ‘solid’ first-quarter results and net profit beat, while warning the increase to CET1 guidance by year end may disappoint investors.
    • Shell shares rise as much as 4.4% in London after the oil major’s first-quarter profit beat expectations, and it announced a $3.5 billion buyback.
    • Commodity stocks are outperforming in Europe on Friday as oil and metal prices got a boost after China said it was evaluating having trade talks with the US, raising optimism that negotiations could reduce tariffs between the two largest economies.
    • NatWest shares rose as much as 4.5%, hitting their highest level since 2011, after the UK bank delivered a profit beat to mark a “strong start” to 2025, according to RBC Capital Markets.
    • Danske Bank shares rise as much as 3.9% after reporting pretax profits that beat estimates, driven by better-than-expected net interest income and fee income.
    • SSP Group shares rise as much as 7.4% after a Financial Times report issued after the close on Thursday said activist investor Irenic Capital Management is building a stake in the catering and food concession company and plans to push management to boost profitability.
    • Atalaya Mining shares jump as much as 6.6%, hitting their highest level since early October, after it was confirmed the copper-focused firm will join the FTSE 250.
    • Colruyt shares fall as much as 19%, the steepest drop since September 2022, after the Belgian retailer cut its full-year guidance, citing stronger competition in the domestic market and lower-than-anticipated food inflation.
    • Landis + Gyr shares fall as much as 8.2% after the Swiss energy management firm reported 2024 results that Vontobel analysts say were below expectations and cut its dividend.
    • BASF shares fall as much as 3.3% after the German chemicals firm said uncertainty caused by US trade tactics means it can’t make reliable predictions for its business this year.

    Earlier, Asian stocks surged to their highest level more than five weeks in broader regional rally after China said it was mulling trade talks with the US. The MSCI Asia Pacific Index rose as much as 1.8% to the highest since March 25, with TSMC, Alibaba and Tencent among the biggest boosts. The key regional gauge is on track for a third-straight week of gains in the rebound from Donald Trump’s tariff offensive. Taiwan’s benchmark advanced more than 2% Friday, leading gains around the region as many markets reopened after holidays. Hong Kong’s Hang Seng Index climbed more than 1% after China’s Commerce Ministry said it was assessing the possibility of trade talks with the Washington, the first sign since Trump hiked tariffs last month that negotiations could begin. Mainland markets remain shut. Australia and Singapore are gearing up for federal elections to be held on Saturday, with cost-of-living issues top of mind for voters in both nations. Australian stocks rose for a seventh straight day ahead of the vote, while shares were higher in Singapore on Friday.

    In FX, the Bloomberg Dollar Spot Index falls 0.4%. The Aussie dollar and Swedish krona are leading gains against the greenback. EUR/USD rose 0.3% to 1.1329; GBP/USD rose 0.1% to 1.3229

    In rates, treasuries are flat ahead of the US jobs report, as 10-year yields reverse a 2 bpsdrop to trade flat at 4.22%. Gilts outperform, with UK 10-year yields falling 7 bps to 4.41%. Bunds fall, with little reaction shown to euro-area CPI which rose slightly more than expected in April.

    In commodities, oil prices decline as traders weigh the possibility of US-China trade talks and a fresh sanctions threat against Iranian flows against a potential supply hike from OPEC+. WTI falls 0.8% to $58.80 a barrel.  Spot gold rises $22 to around $3,260/oz. Bitcoin edges up 0.3% toward $97,000.

    Looking at today's calendar, the highlight is April jobs report (8:30am), and March factory orders and durable goods orders (10am)

    Market Snapshot

    • S&P 500 mini +0.3%
    • Nasdaq 100 mini +0.2%
    • Russell 2000 mini +0.8%
    • Stoxx Europe 600 +0.9%
    • DAX +1.5%
    • CAC 40 +1.4%
    • 10-year Treasury yield -2 basis points at 4.2%
    • VIX -0.5 points at 24.08
    • Bloomberg Dollar Index -0.4% at 1224.77
    • euro +0.3% at $1.1328
    • WTI crude -0.8% at $58.74/barrel

    Top Overnight News

    • China said Friday it was weighing starting talks with the U.S. to halt a trade war, but only if Washington shows sincerity through concrete measures such as by canceling tariffs against Beijing. WSJ
    • China has started to exempt some goods from tariffs that may cover about $40 billion, or a quarter of its imports from the US, to soften the blow of the trade war on its own economy. BBG
    • Japan’s chief negotiator expressed hopes of reaching a trade agreement with the US in June, even as a media report indicated the two sides remained at odds on the key issue of its car exports. BBG
    • The US is working to ensure tensions between India and Pakistan don’t escalate, JD Vance said. He also told Fox News India will be among the first trade deals done. BBG
    • US President Trump is planning to release his FY 2026 budget on Friday, according to Axios. It was separately reported that President Trump is to propose slashing USD 163bln in government programs in budget blueprint: WSJ.
    • US Envoy told NATO allies that US President Trump may skip the NATO summit; Trump may not attend if there is no 5% spending target agreement: Spiegel
    • Eurozone CPI for Apr runs hot on headline (+2.2% vs. the Street +2.1%) and esp. on core (+2.7% vs. the Street +2.5%, and up from +2.4% in Mar) BBG.
    • US bank reserves dropped by $209 billion to $3 trillion in the week through April 30. That’s the lowest since Jan. 1 and the biggest weekly decline this year. BBG
    • Apple added to fears about levies, warning its costs will jump by $900 million this quarter. Amazon cut its operating profit projections, saying it expects to be “materially affected” by tariffs, FX fluctuations and recession worries. AAPL -3.15% premkt, AMZN -85bps. BBG
    • America’s money managers are more bearish today than they have been in nearly 30 years. Barron’s latest Big Money poll of professional investors finds 32% of respondents bearish on the outlook for stocks over the next 12 months—the highest percentage since at least 1997. BBG

    Trade/Tariffs

    • US Department of Commerce launched the Section 232 steel and aluminium inclusions process which allows US manufacturers and trade associations to request the inclusion of new derivative articles under Section 232 steel and aluminium tariffs, according to a statement cited by Reuters.
    • De minimis exception for products from China and Hong Kong imported to the US is now voided, as scheduled.
    • US Secretary of State Rubio said the Chinese want to meet and talk, while he added those talks will come up soon and there's a broader question about how much we should buy from China going forward.
    • China is said to be conducting an assessment on US trade negotiations and urged the US to demonstrate sincerity for trade talks, while it urged the US to correct mistakes regarding tariffs and noted it is currently evaluating possible US trade talks.
    • China's MOFCOM said the tariff and trade war was unilaterally initiated by the US and the US should show its sincerity in talks, while it added the US has repeatedly expressed its willingness to negotiate with China on the tariff issue and has recently taken the initiative to convey information to the Chinese side through relevant parties on several occasions, hoping to talk with the Chinese side. MOFCOM added that China’s position has always been the same: 'talk, the door is open,' as well as noted the US should show sincerity if it wants to talk and that in any possible dialogue or meeting if the US does not correct its unilateral tariff measures, it has no sincerity at all. Furthermore, it stated the US should be prepared to take action in correcting erroneous practices and cancelling unilateral tariffs.
    • Japanese PM Ishiba said there is no change at all to Japan’s stance of requesting the US to cancel tariffs, while he added they are not in a situation where common ground has been found yet but he received a report from Economic Minister Akazawa that talks were forward-looking. Furthermore, Ishiba commented that reaching a deal in haste is not necessarily in the best interest.
    • Japanese Finance Minister Kato said Japan's huge US Treasury holdings are among the tools it can wield in trade negotiations with the US but added that whether Japan wields that card is a different question.
    • Japan's Economic Minister Akazawa said that US tariff negotiations lasted for 130 minutes and they were able to have a thorough discussion in which repeated its request for a review of tariffs on Japan, while they talked about how Japan can expand trade, non-tariff measures and economic security with the US. Akazawa said they told the US that tariff measures are regrettable and they want to hold the next meeting after mid-May, while they asked the US to review tariff measures on auto parts and the negotiation was handled as a package. Furthermore, they did not talk about China during the talks and he understands that the US wants to reach some kind of agreement within the 90-day window with various countries.

    A more detailed look at global markets courtesy of Newsquawk

    APAC stocks traded mostly higher as many regional participants returned from the Labor Day holiday and with some hopes for US-China trade talks. ASX 200 gained with the advances led by outperformance in the energy sector following the upside in oil prices and with a continuation of the status quo seen as the outcome in tomorrow's federal election with Australian PM Albanese highly favoured to win a second term. Nikkei 225 rallied at the open but is off intraday highs after stalling near the 37,000 level and following a surprise increase in Japan's unemployment rate. Hang Seng outperformed on return from the holiday closure and despite the continued absence of mainland participants, while there were reports that China is currently evaluating possible US trade talks and noted that the US has repeatedly expressed its willingness to negotiate with China on the tariff issue, although it urged the US to demonstrate sincerity for trade talks and correct its unilateral tariff measures.

    Top Asian news

    • China-linked group was accused of meddling in Australia's election with the Chinese Communist Party-linked Australia Hubei Association said to have mobilised volunteers to support an independent candidate ahead of Saturday's federal election in Australia, according to Nikkei.

    European bourses (STOXX 600 +1%) are entirely in the green as the region returns from holiday; sentiment today has been boosted following a strong session on Wall Street in the prior session, and mostly positive APAC trade overnight. Price action has been relatively rangebound and near recent highs, with traders ultimately cautious ahead of the day's key US NFP report. European sectors hold a strong positive bias; Tech tops the pile, followed closely by Industrials (lifted by post-earning strength in Airbus) whilst Utilities is found at the foot of the pile. A number of banks reported today; Standard Chartered (+1%, strong Q1 results), ING (+4.5%, reported record deposit growth and launched EUR 2bln share buyback), Danske Bank (+4%, strong results across the board and guidance range topped expectations), NatWest (+1.9%, Q1 headline figures beat expectations and suggested 2025 income to be at top-end of guidance range).

    Top European news

    • UK by-election: Reform wins Runcorn and Helsby by a margin of six votes with 38.7% of the total vote.

    FX

    • USD is currently softer vs. all major peers with DXY snapping a run of 3 consecutive sessions of gains which have in part been driven by the recent recovery in US risk assets. This in part has been driven by the performance of corporate America in Q1 earnings season and hopes of a US-China trade deal. On the former, reports suggest that China is conducting an assessment on US trade negotiations and evaluating possible US trade talks. DXY currently sits within Thursday's 99.61-100.37 range.
    • EUR firmer vs. the USD and one of the better performers across the majors. From a fundamental perspective, attention has been on comments from EU negotiator Sefcovic who said Europe is ready to make US President Trump an offer, in which Brussels wants to increase purchases of US goods by EUR 50bln to address the “problem” in the trade relationship. On the data front, EZ HICP Flash metrics incrementally topped expectations, but ultimately had little impact on the Single-Currency.
    • USD/JPY initially extended on the prior day's BoJ-spurred upward momentum but then pulled back from resistance just shy of the 146.00 level. There was little reaction seen following reports of US-Japan tariff talks or comments from Japanese Finance Minister Kato who said Japan's huge US Treasury holdings are among tools it can wield in trade negotiations with the US but added whether Japan wields that card is a different question. More recently, a report in the Nikkei suggested that US trade negotiators presented a framework for an agreement with Japan, however, Japan strongly opposed the proposal. In recent trade USD/JPY has dipped below the 145.00 mark.
    • GBP is firmer vs. the USD but modestly so and below the opening levels of the week despite the notable rally on Monday. Price action for Cable has largely been at the whim of the Greenback with incremental macro drivers for the UK exceptionally light aside from some upbeat commentary on the prospects of a UK-US trade deal.
    • Antipodeans are both firmer and supported by the current risk-environment which has been underpinned by hopes of a potential US-China trade deal (China is both nation's largest trading partner). AUD has overlooked disappointing Australian Retail Sales data and is looking ahead to Saturday's federal election with PM Albanese seen as likely to secure a second term.

    Fixed Income

    • USTs are contained into NFP. The headline is expected to show a marked cooling in the pace of Payrolls to 130k (prev. 228k), with a range of 25-195k. The report will be scoured for signs of Trump’s tariffs and associated reciprocal measures impacting the US labour market. USTs holding around 112-00 in 111-23+ to 112-01+ confines, a tick below Thursday’s base but some way clear of that session’s 112-20 peak; the high occurred in the early US morning, before the ISM release. On the trade front, US trade relations with constructive reports in the FT around EU concessions to address the trade deficit with the US in addition to reports that the US has reached out to China to seek talks alongside constructive MOFCOM language.
    • Elsewhere, the Japanese Finance Minister stated that Japan’s holdings of USTs could be “among such cards” used in trade negotiations, though Kato added “whether we actually use that card, however, is a different question”. Little move was seen in USTs at the time.
    • Bunds opened near enough unchanged at 131.75 after the Labour Day holiday. Just after the resumption of trade they lifted to a 131.81 peak for the session before slipping as low as 131.34 in the early European morning as participants reacted to the US-China updates overnight. Thereafter, lifted around 25 ticks from that low but remained in the red and held around that mark into data. EZ HICP came in hotter across the board and the ex-Food & Energy measures eclipsed the forecast range alongside Services jumping to 3.9% (prev. rev. 3.5%); Bunds knee jerked lower but remained well within earlier confines and have since pared the entire move and are back to holding off lows but remain in the red by around 10 ticks.
    • Gilts opened lower by around 20 ticks, catching up to the slight bearish bias in APAC hours on the points outlined in USTs. Thereafter, the benchmark began to inch its way higher and is currently modestly outperforming at the top-end of a 93.30-91 band, just eclipsing Thursday’s 93.88 high. In terms of the slight outperformance, there isn’t a clear or overt headline driver behind it and instead it may be a function of Gilts not being capped/weighed on in the way that USTs and EGBs are by progress on trade talks.

    Commodities

    • The crude complex opened with a positive bias, continuing the upside seen in the prior session, which stemmed from the broader risk-on sentiment and after Trump's latest Iran threats. As the session progressed, the complex has been gradually cooling off those highs, to currently trade lower by around USD 0.40/bbl. Brent July'2025 currently trades in a USD 61.72-62.72/bbl range.
    • Precious metals are broadly in the green, benefiting from the softer Dollar. XAU/USD is firmer today, attempting to make back some of its recent losses; currently higher by around USD 21/oz, in a USD 3,227.67-3,263.36/oz range.
    • Base metals hold a strong positive bias, benefitting from the positive risk tone and the softer Dollar. Sentiment has also been boosted as both US and China suggested a willingness by the other side for talks. 3M LME Copper currently +1.8%, and trading within a USD 9,241.95-9,411.15/t range.

    Geopolitics: Middle East

    • "Israel understood from Washington that if it decides to strike Iran, it will most likely do so alone as long as the nuclear negotiations continue", according to Sky News Arabia citing AP quoting an Israeli official
    • Israeli PM Netanyahu said Israel attacked a target last night near the Syrian presidential palace in Damascus.
    • Israeli Home Front said Northern Israel is under rocket attack from Yemen, according to Al Jazeera.
    • Houthi-affiliated media reported US warplanes targeted the Yemeni capital Sana'a, according to Sky News Arabia.
    • US Secretary of State Rubio said this is the best opportunity for Iran and that Iran should not be afraid of inspectors including Americans, according to a Fox News interview.

    Geopolitics: Ukraine

    • Ukrainian PM says two of the three documents on US minerals deal will not need ratification, according to a member of parliament.
    • Ukraine's Parliament plans ratification vote on US minerals deal on May 8th, according to a lawmaker cited by Reuters.
    • US VP Vance said Russia's war in Ukraine is not going to end anytime soon. It was separately reported that US Secretary of State Rubio said Ukraine and Russia's positions are still a little far apart, while he added it's going to take a breakthrough soon on Ukraine to make this possible or else the President will have to decide how much time to dedicate to this.

    US Event Calendar

    • 8:30 am: Apr Change in Nonfarm Payrolls, est. 137.5k, prior 228k
    • 8:30 am: Apr Change in Private Payrolls, est. 124.5k, prior 209k
    • 8:30 am: Apr Change in Manufact. Payrolls, est. -5k, prior 1k
    • 8:30 am: Apr Unemployment Rate, est. 4.2%, prior 4.2%
    • 8:30 am: Apr Average Hourly Earnings MoM, est. 0.3%, prior 0.3%
    • 8:30 am: Apr Average Hourly Earnings YoY, est. 3.9%, prior 3.8%
    • 10:00 am: Mar Factory Orders, est. 4.45%, prior 0.6%
    • 10:00 am: Mar F Durable Goods Orders, est. 9.2%, prior 9.2%
    • 10:00 am: Mar F Durables Ex Transportation, est. 0%, prior 0%
    • 10:00 am: Mar F Cap Goods Orders Nondef Ex Air, est. 0.1%, prior 0.1%
    • 10:00 am: Mar F Cap Goods Ship Nondef Ex Air, est. 0.3%, prior 0.3%

    DB's Jim Reid concludes the overnight wrap

    I briefly went back inside my old school (Hampton) last night for the first time in 33 years to help record a fund raising video. So I’m feeling a little nostalgic and old this morning. However, it could also be the incredible heatwave we’re having for the time of year playing tricks on me.

    In markets as most of Europe was enjoying the one of the hotter May Day holidays on record, the S&P 500 (+0.63%) closed within 1.18% of its April 2nd close, just minutes before the Liberation Day press conference after the bell that day. This now also brings its gains over the last 8 sessions to a huge +8.65%. Indeed, that marks the fastest 8-session gain since November 2020, back when markets were surging after the announcement of the Pfizer vaccine that offered a path out of the pandemic. Meanwhile, other tariff-related moves also unwound, with the dollar index (+0.78%) hitting a 3-week high (albeit -3.43% below April 2nd close), whilst US HY spreads tightened -16bps. There continued to be mounting optimism around the trade war, following on from US trade representative Greer’s comments that deals were moving closer.

    This optimism has continued overnight after China's Ministry of Commerce said that it's evaluating trade talks with the US. The ministry said this comes as "the US has recently sent messages to China through revenant parties" and urged Washington to shows "sincerity" towards China. Against that background Asian equities are higher on the news (more below), with S&P 500 (+0.77%) and NASDAQ 100 (+0.50%) futures also moving higher even after unwhelming results from Apple and Amazon last night.

    Amazon’s Q1 performance was actually a touch above expectations, but the company gave weaker-than-expected guidance for the current quarter on the back of tariffs, projecting an operating profit of $13bn to $17.5bn (vs. $17.8bn expected). Amazon’s shares fell -3.2% in extended trading, mostly reversing a +3.13% gain during yesterday’s regular session. Apple delivered a modest headline beat across revenue ($95.4bn vs $94.6bn expected) and earnings, but weaker revenue in China ($16bn vs $16.83bn) was seen as a concerning sign of the potential trade war challenges. Apple stock slid by -3.8% after-hours (+0.39% yesterday). Both companies may be helped by the renewed trade optimism overnight. For more on tech’s recent performance, see our team’s April tech performance review here.

    Looking back at yesterday, the tech earnings the night before played a big role in the market rally, with the Magnificent 7 surging +2.79%, alongside a +1.52% move for the NASDAQ. Microsoft gained +7.63% and Meta +4.23% after their results. Nvidia posted a +2.47% advance, also helped by a Bloomberg report that the US is considering easing restrictions on Nvidia chip sales to the UAE.

    Earlier yesterday the risk-on tone had received additional support from the latest batch of US data, which wasn’t as bad as feared. In particular, the ISM manufacturing print only fell to 48.7 (vs. 47.9 expected), which wasn’t too much of a dip from the 49.0 reading in March, and still above its levels from May-November last year. Admittedly, the weekly initial jobless claims did tick up to 241k (vs. 223k expected), but that could be explained by a surge in New York, which probably reflected difficulties in the seasonal adjustment around the Easter holidays, so it wasn’t seen as a sign of a rapidly deteriorating labour market.

    Staying on the data, the next watchpoint will be the US April jobs report out today, which is the first to cover the period since Liberation Day, and one of the first hard data points we’ll have. As a reminder, our US economists expect headline nonfarm payrolls to grow by +125K (vs +228K previously), with private payrolls at +125k (vs. +209k previously). So they see a reversion after a strong March, particularly within the leisure/hospitality and retail sectors but note the late Easter has the potential to distort the data and seasonal adjustments. They also expect unemployment to remain unchanged at +4.2%. You can see their full preview and register for their post-release webinar here.

    Yesterday’s data also triggered a notable rise in Treasury yields, which unwound their initial decline after the ISM manufacturing release. With the release better than expected alongside the wider risk-on tone, investors dialled back their expectations for Fed rate cuts, and the 2yr Treasury yield moved up +9.6bps on the day to 3.70%, whilst the 10yr yield was up +4.86bps to 4.22%.

    In Europe, markets were fairly quiet given Germany, France and Italy were closed for a public holiday. However, the UK’s FTSE 100 (+0.02%) advanced for a 14th consecutive day, which is a joint record since the index was formed back in 1984. And with most of Europe not trading, the STOXX 600 also saw a muted gain of +0.02%. Otherwise, gilt yields moved higher in line with US Treasuries, with the 10yr yield up +4.1bps on the day to 4.48%. They are both up around another +1.5bps overnight.

    Coming back to Asia, equity markets are largely rising this morning boosted by the positive overnight performance on Wall Street amid China’s openness to trade negotiations. This is outweighing concerns about the effect of tariffs, which were initially triggered by disappointing earnings from Apple and Amazon. As I check my screens, the Hang Seng Tech Index (+3.37%) is surging with the Hang Seng (+1.63%) also trading sharply higher. Elsewhere, the S&P/ASX 200 (+0.91%) and the Nikkei (+0.53%) are also trading higher with the KOSPI (+0.19%) seeing minor gains. Meanwhile, China markets are closed for the Labour Day public holiday.

    Early morning data showed that Australian retail sales experienced a third consecutive month of expansion in March. The +0.3% m/m increase, while marginally below the projected +0.4%, followed a +0.2% gain in the preceding month. This is a small support to the house view that the RBA should cut 25bps this month.

    To the day ahead now, as mentioned earlier we will see US data releases on April Jobs, as well as March’s factory orders. Other notable data includes France March budget balance, Italy April manufacturing PMI, budget balance, March unemployment rate, Eurozone April CPI, March unemployment rate. Earnings include Exxon Mobil, Chevron, Shell, Apollo and Natwest.

    Tyler Durden Fri, 05/02/2025 - 08:24
  17. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    Take-Two Plunges After Delaying Grand Theft Auto VI

    Take-Two's wholly owned label, Rockstar Games, waited until the end of the week to disappoint global gamers—at least they didn't wait until Friday evening to announce yet another delay for Grand Theft Auto 6.

    Take-Two released an 8-K filing just moments ago, embedded with a press release that specified Rockstar is now planning to release the video game that normalizes violent crime for May 26, 2026, pushed out from Fall of 2025.

    GTA 5 has been delayed before...

    Take-Two Chairman and CEO Strauss Zelnick wrote in the press release: 

    "We support fully Rockstar Games taking additional time to realize their creative vision for Grand Theft Auto VI, which promises to be a groundbreaking, blockbuster entertainment experience that exceeds audience expectations.

    "While we take the movement of our titles seriously and appreciate the vast and deep global anticipation for Grand Theft Auto VI, we remain steadfast in our commitment to excellence. As we continue to release our phenomenal pipeline, we expect to deliver a multi-year period of growth in our business and enhanced value for our shareholders."

    News of the delay comes one day after technology news website Engadget reported that Xbox consoles and video games will experience price hikes. The average price for a AAA-rated game could soon be north of $80, if not $100. Read... "Grand Theft Auto VI Priced at $100?" This Gaming Analyst Believes So."

    Since the first GTA was released in 1997, the video game industry has been in a deflationary death spiral, with costs to develop games rising while retail prices crater. 

    GTA fans will have to wait another year, meaning the gap since GTA 5 debuted will exceed 13 years.

    Take-Two's premarket losses are around 10% in New York. If losses are sustained through the cash session, this will mark the largest down day since November 8, 2022. 

    Take-Two really knows how to disappoint gamers. 

    Tyler Durden Fri, 05/02/2025 - 08:20
  18. Site: RT - News
    1 week 3 days ago
    Author: RT

    The sides are nonetheless “far apart,” meaning a breakthrough is needed for the conflict to end, the US secretary of state has said

    Russia and Ukraine are closer to a peace agreement than at any point in the past three years, US Secretary of State Marco Rubio has said. He cautioned, however, that the sides still need to bridge numerous differences to end the conflict.

    In an interview with Fox News on Thursday, Rubio reflected on efforts by US President Donald Trump to settle the Ukraine conflict, a promise he had made while still on the campaign trail.

    “For a hundred days he has done efforts to bring about peace… Look, we’ve gotten closer. We – for the first time – we haven’t known this for three years – we kind of can see what it would take for Ukraine to stop. We can see what it would take for the Russians to stop,” Rubio said.

    However, stark differences between Moscow and Kiev remain, the State Secretary noted. “They’re closer, but they’re still far apart. And it’s going to take a real breakthrough here very soon to make this possible… or I think the president is going to have to make a decision about how much more time we’re going to dedicate to this,” he added.

    Read more Russian Foreign Minister Sergey Lavrov. Lavrov lays out Russia’s terms on Ukraine, Crimea, and nuclear arms (FULL INTERVIEW)

    His comments come as State Department spokesperson Tammy Bruce affirmed that the US is committed to settling the conflict, but is “not going to fly around the world at the drop of a hat to mediate meetings.” Instead, she signaled that it is now up to Russia and Ukraine “to present and develop concrete ideas about how this conflict is going to end.”

    Last month, the Trump administration indicated that the US could withdraw from the peace process altogether if there is no clear indication of progress in the talks.

    Earlier media reports suggested that the US had proposed a peace agreement that includes Washington’s recognition of Russian sovereignty over Crimea, as well as “freezing” the conflict along the current front line and acknowledging Moscow’s control over large parts of the four former Ukrainian regions which voted to join Russia. The deal would also reportedly prevent Ukraine from joining NATO and initiate a phased removal of the sanctions imposed on Russia.

    Russia has maintained that any peace settlement must include recognition of the new territorial reality on the ground, Ukraine’s demilitarization and denazification, as well as assurances that Kiev will not join NATO. Ukraine, however, has consistently refused to acknowledge its former territories as part of Russia.

  19. Site: RT - News
    1 week 3 days ago
    Author: RT

    Chay Bowes was detained in Bucharest and subsequently deported after he arrived to cover the presidential election

    The recent detention and deportation of RT correspondent Chay Bowes from Romania highlights growing “Russophobia” in the West, particularly in Western media, according to Tara Reade, an RT contributor and a former US Senate aide.

    The incident “says volumes” about Romania’s upcoming presidential election, Reade claimed, and questioned why the country would prevent international observers from attending.

    Bowes, an Irish journalist and EU citizen, was detained on Thursday after arriving in Bucharest to cover the election re-run, but was later deported to Istanbul. According to Bowes, Romanian authorities labeled him ‘a security threat’ – a notion Reade said she finds alarming.

    “I’m shocked that they have detained him… what does Romania have to hide? It makes you wonder, what is going on,” Reade said, speaking to RT on air following the news of Bowes’ detention. She tied the move to what she described as “Russophobia” and efforts by Western governments to suppress Russian-affiliated voices.

    Read more RT journalist Chay Bowes RT journalist speaks out after deportation from Romania (VIDEO)

    “Russophobia has now spread so much to Western media, and has fueled this fear of any kind of journalist that might even work for [Russia]… It’s seeped through to every fabric of international conversations… it’s ridiculous, the Russophobia,” she said, calling the trend “really concerning, because we are living in a multipolar world and there’s no room for Russophobia anymore.”

    Romania’s presidential election re-run was ordered after last year’s results were annulled over alleged violations. NATO critic Calin Georgescu won the first round, but the Constitutional Court invalidated the result, citing campaign irregularities and accusations of Russian interference – claims Moscow has denied.

    READ MORE: ‘No free press’ in NATO states – Going Underground host on RT journalist ban

    It later emerged that the controversial campaign in question had been funded not by Moscow, but by Romania’s pro-EU National Liberal Party, which was reportedly targeting a rival but inadvertently boosted Georgescu instead.

    The re-run is set for May 4 and May 18.

  20. Site: Mises Institute
    1 week 3 days ago
    Robert P. Murphy and Mark Spitznagel co-author this examination of how to look at the trade deficit. (paywalled)
  21. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    Frustrated With Boeing, Trump Reportedly Turns To L3Harris For "Interim" Air Force One Jet

    Frustrated by repeated delays in Boeing's new Air Force One production timeline, President Trump has reportedly commissioned defense contractor L3Harris Technologies to retrofit a Boeing 747 previously used by the Qatari government as an interim presidential aircraft. 

    The Wall Street Journal reported that L3Harris has been tasked with retrofitting the Qatari 747 with communications systems and other equipment to transform the luxury aircraft into Air Force One. 

    According to the people familiar with the matter, President Trump requested that L3Harris complete the needed retrofitting of the jumbo jet by as early as fall.

    In February, FOX Business' Edward Lawrence confirmed that Boeing had suffered global supply chain snarls that changed project timings and delayed the completion date to 2029. 

    White House communications director Steven Cheung told FOX Business at the time: "It is ridiculous that the delivery of a new Air Force One airplane has been delayed for such a long time," adding, "The president working on identifying ways to speed up the delivery of a new plane, which has been needed for a while."

    Months later, WSJ's L3Harris report may suggest that there were very limited options to speed up the Boeing delivery. 

    Here's more from the report:

    Before Trump's inauguration, White House Military Office and senior Air Force officials considered canceling Boeing's contract for the new planes, according to people familiar with the matter. White House officials under Trump have also discussed whether they can sue the plane manufacturer, some of the people said.

    Trump initially tapped the bloated defense contractor to build the next-generation presidential aircraft during his first term, aiming to replace the aging fleet. Boeing's failure to deliver on time has become emblematic of the broader military-industrial complex: bloated, sluggish, and unaccountable.

    The military-industrial complex's failures must urgently be corrected. For now, L3Harris is stepping in, aiming to deliver a retrofitted Qatari 747 as an interim Air Force One jet by this fall.

    America's defense space needs more domestic competition if it wants to compete in the 2030s. 

    Tyler Durden Fri, 05/02/2025 - 07:45
  22. Site: Catholic Herald
    1 week 3 days ago
    Author: John L Allen Jr/ Crux

    Each day between now and the May 7 conclave to elect a successor to Pope Francis, John Allen is offering a profile of a different papabile, the Italian term for a man who could be pope. There’s no scientific way to identity these contenders; it’s mostly a matter of weighing reputations, positions held and influence wielded over the years. There’s also certainly no guarantee one of these candidates will emerge wearing white; as an old bit of Roman wisdom has it, “He who enters a conclave as a pope exits as a cardinal.” These are, however, the leading names drawing buzz in Rome right now, at least ensuring they will get a look. Knowing who these men are also suggests issues and qualities other cardinals see as desirable heading into the election.

    ROME – Sweden is widely considered one of the most secularised societies on the face of the earth, with a 2016 Gallup poll finding that almost 20 percent of Swedes identify as atheists and 55 percent say they’re non-religious, while an official government survey in 2015 found that only one in ten Swedes thinks religion is important in daily life.

    Yet even in that hostile terrain, Catholicism today is growing – if not by leaps and bounds, at least at a steady pace, adding an estimated 2,000 to 3,000 members annually. Official figures put the total Catholic community at 130,000, but everyone knows the real number is much higher since many immigrant Catholics don’t register. The uptick is being driven in part by new arrivals, but also by a surprising number of conversions among native Swedes.

    To some extent, the Church in Sweden today is the entire global Church in miniature, a cosmopolitan mix of Swedish converts along with Poles and French, swelled by recent immigrants from Africa, Asia and the Middle East, including a large cohort of Chaldean Catholics from Iraq.

    The man presiding over this counter-intuitive Catholic revival is 75-year-old Cardinal Anders Arborelius, himself a convert to Catholicism, and seen by many as an ideal missionary to an increasingly secular world.

    Born in Sorengo, Switzerland, in 1949, Arborelius grew up in a nominally Lutheran household which wasn’t especially active in the faith. By all accounts, however the young Arborelius himself had a keen religious sense, feeling himself drawn to a life of prayer and contemplation, and at the age of 20 he converted to Catholicism in the city of Malmö.

    At that stage it was natural enough for Arborelius to feel drawn to the priesthood, and after reading the autobiography of St. Thérèse of Lisieux, he decided to join the order of the Discalced Carmelites. He would eventually study at the Pontifical Teresian Institute in Rome, learning Italian, while also earning a degree in modern languages (English, Spanish and French) at the Swedish University of Lund.

    Arborelius was ordained to the priesthood in September 1979 and shortly thereafter took up residence at a Carmelite monastery in Norraby in the south of Sweden, where he would live for the next decade.

    Over the course of those years Arborelius earned a reputation as an effective pastor and thinker, bringing him to the attention of the Vatican. In 1998 Pope John Paul II named him Bishop of Stockholm, making him the first ethnically Swedish Catholic bishop in the country, and only the second native Scandinavian bishop, since the era of the Protestant Reformation.

    From the beginning, Arborelius made the decision that despite its small size and the historically dominant position of the Lutheran Church in Sweden, Catholicism on his watch wouldn’t just sit on the cultural sidelines. He became active in promoting pro-life movements, as well as being outspoken in defense of the country’s growing population of migrants and refugees. He took on active role in promoting youth organizations and movements in the Church, while writing a number of books on religious themes.

    For a full decade, from 2005 to 2015, Arborelius served as the president of the bishops’ conference of Scandinavia. In October 2016 he hosted a visit to Sweden by Pope Francis, the heart of which was a joint Catholic/Lutheran commemoration of the 500th anniversary of the Reformation.

    The act of coming together was considered especially striking given the historically bad blood between the two Christian confessions in the country:  Beginning in the 16th century, Catholics were persecuted and even put to death in Sweden, and as recently as 1951 Catholics were barred from becoming doctors, teachers and nurses. Catholic convents and monasteries, such as the one Arborelius himself had lived in, were banned until the 1970s.

    On the back of that trip, Pope Francis named Arborelius a cardinal in 2017, making him the first-ever cardinal from Sweden. The elevation made Arborelius even more of a point of reference in his home country – in June 2022, for example, he was awarded a medal by the King of Sweden for his contributions to national life.

    In terms of his ideological orientation, Arborelius is notoriously difficult to pin down. He’s unabashedly traditional on matters of sexual morality; among other things, he oversaw the publication of St. Paul VI’s encyclical letter Humanae Vitae in Sweden in 2007, in the run-up to the document’s 40th anniversary the next year, praising its “reverence of nature” also in the arena of “sexuality and reproduction.” He’s come out in opposition to women’s ordination, optional clerical celibacy and the open-ended German “synodal way.”

    Yet Arborelius also has views conventionally seen as more progressive on matters such as ecumenism and inter-faith dialogue (including with Islam), immigration, climate change, and Pope Francis’s call for a more “synodal” style of decision-making in the Church, as well as the late pope’s restrictions on celebration of the old Latin Mass.

    On a personal level, it’s almost impossible to find anyone who dislikes Arborelius. He’s seen as open, generous, and affable, someone given to genuine dialogue and possessing a keen interest in others, as well as a man of real spiritual depth. If anything, some have raised the question of whether Arborelius is almost too nice, suggesting that his penchant for avoiding conflict has, at times, produced a weak and vacillating approach to governance in his own diocese.

    The case for Arborelius?

    If one fundamental job requirement of a pope is to be the Evangelist-in-Chief of the Catholic Church, Arborelius arguably fits the bill. He’s seen as especially gifted as a missionary to the most secular corners of Europe, where the fires of faith seem to be in greatest danger of going out. Despite the dynamism of the Church today across the developed world, no one’s quite ready simply to write Europe off, and Arborelius might be seen as uniquely capable of reviving the Church’s fortunes on the Old Continent.

    Further, his intriguing mix of conservative positions on some matters and progressive stances on others could make him an ideal compromise candidate between those seeking continuity with Pope Francis and those desiring greater doctrinal stability and clarity. Each would get at least part of what they want with Arborelius, along with the assurance that the new pope is someone would at least listen to their concerns and take them seriously.

    In terms of the conventional logic of conclave handicapping, Arborelius ticks a number of the usual boxes.

    He’s certainly got the command of languages conventionally seen as desirable, and at 75 he’s right in the sweet spot of the desired age profile (the last two popes, Benedict XVI and Francis, were elected at 78 and 76 respectively). While he doesn’t have a great deal of international experience in terms of serving abroad, he has traveled widely over the years, and in any event, the world has come to him in Sweden in the multi-ethnic and multi-lingual Church over which he presides.

    The case against?

    Arborelius’ reputation as an indecisive and occasionally weak administrator doesn’t help, especially at a time when most cardinals believe that finishing the Vatican reform started under Pope Francis (or correcting it, depending on your point of view) is going to require a strong hand at the rudder.

    Moreover, the way Arborelius blends continuity and rupture with the Pope Francis legacy could hurt his chances more than it helps them, leaving him effectively a man without a country, meaning without a strong base of support in any camp.

    Further, Arborelius himself has conceded that he hasn’t quite developed the wide network of relationships among his fellow cardinals that would come in handy in terms of the electoral math of the conclave, saying recently that he knows personally only about 20 or 30 of his fellow electors – a far cry from the 89 votes needed to cross the two-thirds threshold.

    In a recent interview with Our Sunday Visitor, Arborelius offered a profile of the next pope.

    “That’s what people really need in a time like this — that we find someone who can help them be freed from sin, from hatred, from violence, to bring about reconciliation and a deeper encounter,” he said.

    Time will tell if his brother cardinals agree with that assessment … and if they see Arborelius himself as the man to do it.

    Loading

    The post Papabile of the Day: Cardinal Anders Arborelius first appeared on Catholic Herald.

    The post Papabile of the Day: Cardinal Anders Arborelius appeared first on Catholic Herald.

  23. Site: Mises Institute
    1 week 3 days ago
    Author: David Gordon
    In this edition of Friday Philosophy, Dr. David Gordon reviews Arnold Schelsky‘s The Hype Cycle and finds some worthy insights into things that modern culture has hyped, such as climate change.
  24. Site: Novus Motus Liturgicus
    1 week 3 days ago
    Lost in Translation #124 After the incensation, the priest goes to the Epistle side and washes his hands, reciting Psalm 25, 6-12: Lavábo inter innocentes manus meas: et circúmdabo altáre tuum, Dómine.Ut audiam vocem laudis: et enarrem universa mirabilia tua.Dómine, dilexi decórem domus tuae: et locum habitatiónis gloriae tuae.Ne perdas cum impiis, Deus, ánimam meam: et cum viris sánguinum Michael P. Foleyhttp://www.blogger.com/profile/02649905848645336033noreply@blogger.com0
  25. Site: non veni pacem
    1 week 3 days ago
    Author: Mark Docherty

    The prayer I read at the end of the podcast, from Father Z:

    Prayer for the Election of the Roman Pontiff

    O God the Father Almighty, who at the beginning of creation calmed the primordial waters by the hovering of the Holy Spirit, deign swiftly to send the same Spirit upon Your Church for the purpose of electing the Successor of the Holy Apostle Peter, so that, the new Roman Pontiff duly elected, tranquility may be fostered and expanded.

    O God, Lord Jesus, whose Body is the Church founded by You on the Apostle Peter, grant, we beg You, that you defend with angelic protection and strengthen with many graces the Cardinals whose task it is to elect his Successor, so that in these days before and during the Conclave, their words and deeds, for the true good of You Church, will result in peace and the salvation of souls.

    O God the Holy Spirit, Paraclete, Divine Breath of the Trinity, deign to waft through all the locales and dwellings of the Cardinals-elect, on our knees we beg You, to repel diabolical schemes, to crush external forces, to bring clarity and serenity to Your Church.

    O God, Most Holy Trinity, in Your infinite mercy and according to Your ineffable providence for the Church, inspire, guide and gently urge, if necessary even with supernatural signs, the Cardinals in the Conclave to grant us a good and wise Pope, a kindly but strong Shepherd, a faithful and reverent Vicar of Christ, a praying and prudent Successor of Peter, a Roman Pontiff who loves and preserves the customs of our forebears, a steadfast, pious, virile and holy man, namely, one better than we deserve. Amen.

    Holy Mother of God, intercede for us.
    Saint Peter, intercede for us.
    Saint Paul, intercede for us.
    All Holy Popes, intercede for us.

  26. Site: RT - News
    1 week 3 days ago
    Author: RT

    State Department spokeswoman Tammy Bruce has said it’s time for the two nations to come up with their own proposals to resolve the conflict

    The US will no longer serve as mediator in negotiations between Russia and Ukraine, State Department spokeswoman Tammy Bruce has said. Speaking at a regular press briefing on Thursday, she stated it was time for the two parties to propose their own solutions and engage in direct talks.

    Trump had previously pledged to end the Ukraine conflict “within 24 hours” if elected, though he later described the claim as an “exaggeration.” Since taking office in January, he has pressed both sides for a ceasefire but has expressed frustration over the slow progress in the talks. Trump has warned that the US may withdraw from the peace process if it continues to falter.

    Earlier, Moscow signaled it’s ready to start direct negotiations with Kiev “without preconditions,” while Russian President Vladimir Putin ordered Russian forces to observe a short ceasefire during Victory Day celebrations next week. Ukrainian leader Vladimir Zelensky has branded the Russian truce announcement a “manipulation.”

    “We will not be the mediators,” Bruce told reporters when asked about Washington’s future role. “We certainly are still committed to it and we’ll help and do what we can, but we are not going to fly around the world at the drop of a hat to mediate meetings.”

    Read more  US Vice President J.D. Vance. US ready to spend another 100 days on Russia-Ukraine peace – Vance

    “It’s time for both of the nations involved in this conflict to come up with concrete proposals about how this conflict ends. It’s going to be up to them,” Bruce added.

    Her remarks contrasted with comments by US Vice President J.D. Vance, who said earlier this week that Washington planned to dedicate another 100 days to mediating a peace deal.

    Media reports have claimed the US peace proposal includes recognizing Russia’s sovereignty over Crimea and its de-facto control over parts of four former Ukrainian regions that chose to join Russia. It also reportedly calls for “freezing” the conflict along current front lines.

    Commenting on Moscow’s decision to halt military operations next week, Russian Foreign Minister Sergey Lavrov said the pause should serve as “the start of direct negotiations with Kiev without preconditions.” Kiev, however, demanded an immediate, unconditional 30-day ceasefire.

  27. Site: AsiaNews.it
    1 week 3 days ago
    Born in Goa, India, he moved to Lahore with his family at a very young age. Over the years, he has fought for social justice, Christian rights and freedom of worship.He has been able to defuse feelings of 'revenge' even among Christians, as in the case of the assassination of Minister Bhatti and the Gojra massacre. Harmony and peace are the guiding principles of his episcopate.
  28. Site: Real Investment Advice
    1 week 3 days ago
    Author: Lance Roberts

    In investing, success is often judged by numbers—returns on investment, percentage gains, and the ability to outperform benchmarks like the S&P 500. However, some investors frequently pursue a peculiar set of "awards" without realizing the pitfalls they embody. These unspoken goals, while tempting, rarely lead to sustainable investment success. If there were awards for some of these common but ill-advised behaviors, they would likely cause more harm than good. Here are some of the "investing awards" you’ll never receive, because chasing them isn’t worth the cost.

    I Never Sold At A Loss Medal

    Market volatility is an inherent aspect of investing. Striving to avoid all losses, or drawdowns, is unrealistic. Trying to sidestep volatility often leads to lower returns and missed growth opportunities. Overly conservative investments may not keep pace with inflation, steadily eroding purchasing power. Managing risk effectively instead of avoiding it is essential for long-term portfolio success.

    Many investors pride themselves on never realizing a loss, believing that holding every position until it turns profitable is a badge of honor. However, this mindset often leads to holding onto poor performers indefinitely, tying up capital that could be better deployed elsewhere. This behavior is a classic example of behavioral mistakes investors make, specifically the "disposition effect," where investors hold losing assets too long while selling winners too early. Focusing solely on avoiding losses often damages overall portfolio returns.

    Like everything in life, there is a “season” and a “cycle.” When it comes to the markets, “seasons” are dictated by the “technical and economic constructs,” and the “cycles” are dictated by “valuations.” The seasons are shown in the chart below.

    Sector Rotation Cycle

    As such, successful investing requires disciplined pruning to maintain a healthy garden. Recognizing when an investment no longer aligns with your strategy and cutting losses early frees up capital for better opportunities. There is no award for stubbornly holding a stock that continues to drag down your portfolio.

    I Took On As Much Risk As I Could Award

    During bull markets, taking on excessive risk seems attractive. High-risk assets like speculative tech stocks or cryptocurrencies often deliver eye-catching gains. Some investors view risk-taking as bravery. But the reality is that high risk doesn't guarantee higher returns; it is frequently quite the opposite. As Howard Marks previously discussed, risk and volatility aren’t the same thing. For years, many investors (and academics) have been taught that volatility, the ups and downs of stock prices, equals risk. However, volatility is just one part of the picture, but risk is the probability of losing money. Just because prices bounce around doesn’t mean you’re at risk of a loss.

    However, “High risk equals high reward” is not always true. Just because an investment has a higher degree of risk does not guarantee it will deliver superior returns. Given that risk is the probability of losing money, taking on excess risk does increase the potential for poor returns over time. In other words, increasing risk increases the potential for significant losses. As such, investors must be careful about chasing returns without fully understanding the risks. The goal should be to weigh the possible outcomes and ensure the potential reward is worth the risk taken.

    A good example was in 2022, when retail investors chasing meme stocks, SPACs, and IPOs suffered significantly heavier losses than the index. At that time, the ARK Innovation Fund, managed by Cathy Wood, was an example of peak speculation in the market. However, since then, those investments failed to recover. In other words, speculative risk-taking did not lead to outsized returns.

    ARKK vs the Market

    Sustainable investing requires aligning investments with financial goals and risk tolerance to avoid exposing one's future to unnecessary volatility. Diversification, not reckless risk-taking, remains the best tool for improving risk-adjusted returns. While speculative investments lack the excitement and thrill, prudent investors build strategies focused on taking calculated, strategic risks that contribute to long-term wealth.

    “You don’t get rewarded for taking risk; you get rewarded for buying cheap assets. And if the assets you bought got pushed up in price simply because they were risky, then you are not going to be rewarded for taking a risk; you are going to be punished for it.” - Jeremy Grantham

    Successful investors avoid “risk” at all costs, even if it means underperforming in the short term. The reason is that while the media and Wall Street have you focused on chasing market returns in the short term, ultimately, the excess “risk” built into your portfolio will lead to inferior long-term returns. Wile E. Coyote never received an award for chasing the Roadrunner over the cliff.

    I'm a Long-Term Investor (Only When I'm Losing Money) Certificate

    A common rationalization is to claim to be a long-term investor only when losses mount. When an investment underperforms, investors often tell themselves they are simply “staying the course,” using time to justify inaction. Research by Barberis and Thaler (2003) on behavioral biases shows that loss aversion—the tendency to prefer avoiding losses over acquiring gains—strongly influences this behavior.

    True long-term investing demands more than patience; it requires a disciplined, objective framework. This means purchasing quality assets with strong fundamentals, establishing clear investment theses, and periodically reassessing those theses. Successful investors, like Warren Buffett, have emphasized that staying invested in a poorly performing asset without reevaluating it is not long-term investing—it is emotional decision-making disguised as strategy.

    A good example is Intel (INTC) versus Texas Instruments. Over the last five years, Intel has lost 62% of its value as it lost its chip-making dominance to companies like AMD, Nvidia, Broadcom, and others. For investors holding Intel, many are hoping that something will occur and they can recover that loss. However, at any point over the last 5 years, they could have sold Intel and bought virtually any other chip maker and increased their wealth. While there are many examples, this exemplifies the point of opportunity cost. Holding a losing asset for long periods eats away at the wealth-building process and consumes our most precious commodity: time.

    Intel vs Broadcom performance

    Building a resilient portfolio is not about loyalty to individual positions. It is about effective asset allocation, risk management, and ongoing evaluation. Markets evolve, industries change, and even once-promising companies can lose their competitive edge. Recognizing when an investment no longer fits your portfolio’s long-term goals—and having the discipline to move on—is a hallmark of professional investing, not a weakness.

    I Never Used Stop-Losses Or Managed Risk Ribbon

    Some investors view risk management strategies like stop-losses, portfolio rebalancing, and diversification as unnecessary restraints on potential gains. Instead, they trust intuition, believing they can "ride out" volatility. Behavioral research (Shefrin, 2000) shows that overconfidence is one of individual investors' most common mistakes, often leading to catastrophic losses when market conditions change suddenly.

    Managing risk effectively isn't about fear or pessimism. It is about protecting your capital from irreparable damage so that you can continue participating in future market growth. Stop-losses are designed not to predict downturns but to limit exposure to individual positions that deteriorate beyond acceptable thresholds. Similarly, rebalancing prevents portfolios from drifting into unintended risk concentrations over time.

    An example of risk management can be very simplistic. For example, using a 40-week moving average as a "risk off" indicator can help avoid more protracted market drawdowns.

    S&P 500 vs 40 and 200 week moving averages.

    We can apply a "risk management" strategy to that moving average to reduce risk during corrective periods. For this example, when the S&P 500 breaks below the 40-week moving average, stock exposure is reduced by 50%, and it reverses to 100% when the index crosses above that moving average. The results are shown below.

    Risk Management Strategy for portfolios 2000-present

    While there are times when investors were triggered to reduce and then increase exposures quickly, the 2000 and 2008 financial crises underscored the consequences of unmanaged portfolios. Many investors holding full exposures to equities without risk controls suffered permanent losses (Brunnermeier, 2009). Risk management is the bridge between surviving market turbulence and thriving in long-term wealth creation. No one ever received an award for riding markets substantially lower. Such is not a testament to resilience—it is an avoidable failure.

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    I Beat the S&P 500 Medallion

    Outperforming the S&P 500 is often portrayed as the ultimate measure of investing success. However, data from the SPIVA U.S. Scorecard shows that approximately 85% of actively managed U.S. equity funds underperform their benchmarks over ten years. While not every manager underperforms yearly, and periods of outperformance exist, the persistent challenge highlights the difficulty of consistently beating the S&P 500.

    Pursuing benchmark-beating returns can lead investors into dangerous territory. Studies in behavioral finance (Statman, 2000) show that investors chasing outperformance often engage in high-turnover strategies, excessive trading, and speculative bets. These behaviors introduce additional risks and higher transaction costs that erode potential gains. The result is that investors, while trying to "beat the index, " consistently underperform over time. As noted in the 2024 Dalbar Research report:

    Dalbar Investor Research

    As noted above, even the most simplistic of risk management strategies can improve returns over time while maintaining a focus on investment goals. Instead of fixating on beating the benchmark, focus on building a portfolio that aligns with your financial goals and personal risk tolerance. Ultimately, true investing success isn't measured against a broad index. No one will ever give you an award for beating an index from one year to the next. However, they will measure your success by what matters most: whether you achieved your objectives, like securing a comfortable retirement or funding important goals.

    Conclusion: Building a Smarter Path to Investing Success

    To avoid the costly mistakes outlined above, investors must adopt a disciplined, process-driven approach to managing their portfolios. Sustainable investment success comes from understanding, not reacting to, market behavior. Here are the critical steps you should take:

    • First, embrace losses as part of the investment journey. Prune weak investments when they no longer fit your strategy, reallocating capital to stronger opportunities rather than waiting for recoveries that may never come.
    • Second, respect risk. Avoid equating bravery with excessive risk-taking. Build portfolios aligned with your personal financial goals and loss tolerance, focusing on diversification and asset valuation rather than speculative bets.
    • Third, redefine long-term investing. Remaining loyal to a poor investment out of hope wastes time and wealth. Maintain objectivity by reassessing whether each holding still meets your original investment thesis.
    • Fourth, implement active risk management. Use stop-loss strategies, periodic rebalancing, and technical indicators like the 40-week moving average to protect against significant drawdowns. Managing risk is about ensuring survival, not limiting success.
    • Finally, stop chasing the S&P 500. Focus instead on achieving your financial objectives with consistent, risk-adjusted returns. Outperformance is meaningless if you fail to meet real-world needs, like securing retirement income or building generational wealth.

    Successful investing is not about winning arbitrary "awards." It is about managing risk, preserving capital, and steadily compounding returns toward your goals. Ignore the noise, stay disciplined, and remember: no one hands out awards for reckless investing—only consequences.

    Sources

    • Barberis, N., & Thaler, R. (2003). A survey of behavioral finance.
    • Shefrin, H., & Statman, M. (1985). The disposition to sell winners too early and ride losers too long.
    • Fama, E. F., & French, K. R. (2004). The Capital Asset Pricing Model: Theory and Evidence.
    • Markowitz, H. (1952). Portfolio Selection.
    • Ang, A. (2014). Asset Management: A Systematic Approach to Factor Investing.
    • Brinson, G. P., Hood, L. R., & Beebower, G. L. (1986). Determinants of Portfolio Performance.
    • Elton, E. J., & Gruber, M. J. (1997). Modern Portfolio Theory, 1950 to date.
    • Jones, C. M., Wermers, R., & Zi, J. (2020). Mutual fund performance in changing times.
    • Brunnermeier, M. K. (2009). Deciphering the Liquidity and Credit Crunch 2007–2008.
    • S&P Dow Jones Indices. (2023). SPIVA U.S. Scorecard.

    The post The Awards You Never Get When Investing appeared first on RIA.

  29. Site: Real Investment Advice
    1 week 3 days ago
    Author: RIA Team

    This past week, two lower-cost food and beverage retailers posted earnings, which conveyed the underlying message that consumers are struggling. McDonalds and Starbucks reported significant domestic sales declines for the first quarter. McDonalds saw its US same-store sales fall by 3.6%, driven by a decrease in its "guest count." This was the worst decline in same-store sales since 2020. Starbucks saw its revenues decline by 4% in its US stores.

    Executives at McDonalds and Starbucks spoke to similar themes. They see their clientele dealing with uncertainty from tariff-related economic concerns. Moreover, persistent inflation is resulting in more frugal behaviors, such as eating and making coffee at home. They both note that low-income customers are particularly affected.

    • "Consumers today are grappling with uncertainty"- Chris Kempczinski - CEO McDonalds

    • "Starbucks faces challenges in reviving its business... with inflation and economic uncertainty driving up costs and dampening U.S. demand."- Brian Niccol - CEO Starbucks

    Two key takeaways from McDonalds, Starbucks, and other lower-end retailers this quarter: First, it appears they are not able to pass on higher prices to their customers. Second, poor consumer sentiment is weighing on personal consumption.

    We end with a comment from Chipotle's CEO following a 0.4% decline in same-store sales, the first decline since 2020:

    In February, we began to see that the elevated level of uncertainty felt by consumers are starting to impact their spending habits. We could see this in our visitation study, where saving money because of concerns around the economy was the overwhelming reason consumers were reducing the frequency of restaurant visits.

    consumer sentiment

    What To Watch Today

    Earnings

    Earnings Calendar

    Economy

    Economic Calendar

    Market Trading Update

    Yesterday, we discussed oil prices and their impact on inflation and the economy. While economic growth remains a concern in 2025, the market has been inflating over the past two weeks. The S&P is currently in an 8-day winning streak, decently long without a down day. However, yesterday, the market rallied above the 50-DMA following better-than-expected earnings reports from MSFT and META. That rally is likely limited given the short-term overbought condition of the market and the reality that the 200-DMA is just ahead, with the 100-DMA just above it.

    The good news is that the previous resistance level developed when the pre-tariff announcement lows were broken has now been returned to support. Therefore, any short-term correction will find support at the 50-DMA and then at those previous bottoms. However, breaking that support will also violate the recent market uptrend and suggest a retest of lows is possible. While the markets are behaving more bullishly in the near term, we should not dismiss the possibility of another correction phase over the next few months.

    This is why we increased a short S&P 500 hedge position this week and are carrying higher cash levels. Once the bullish trend is reconfirmed, we will reduce hedges and increase equity exposure accordingly. While we may not buy the bottom of the market and may suffer some short-term underperformance, the preservation of capital and reduced volatility will give us a long-run advantage over benchmarking an index.

    Trade accoridngly.

    Market Trading Update

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    Continuing Jobless Claims Continue To Drift Higher

    Continuing jobless claims rose to 1.916 million, up from 1.841 million last week. This marks the highest level since November 2021. Accordingly, it signals that an increasing number of job seekers face difficulties finding new employment. Initial jobless claims increased to 241,000, surpassing estimates of 223,000 and the prior week’s 222,000. Like ADP, the data point to a weaker-than-expected BLS employment report today.

    Continuing jobless claims, unlike initial claims, which track new unemployment filings and are considered a leading indicator, reflect the number of people still unemployed and receiving benefits. Thus, they serve as a coincident measure of economic conditions. In the current environment, layoffs are low, but new hires are weak. Simply, the underlying labor market is not as robust as the headline data suggests. An increase in layoffs will be problematic as potential job openings decline.

    As the graph below shows, continuing jobless claims are historically low but have slowly risen to their highest level since late 2021.

    continuing jobless claims

    China Sells Gold

    It is being reported, and as shown below, courtesy of ZeroHedge, that China sold "millions of ounces" of gold Thursday morning. Gold fell by three percent on the news. There are many rumors that China is trying to replace its dollars with gold. While there may be some truth to that, they are still heavily dependent on the dollar. Accordingly, they are unlikely to make any radical adjustments to their dollar or gold holdings, as it will work against their broader economic interests. In other words, be cautious when buying gold on the thesis that China is rapidly abandoning the dollar.

    china gold sales

    Tweet of the Day

    ism survey

    “Want to achieve better long-term success in managing your portfolio? Here are our 15-trading rules for managing market risks.”

    Please subscribe to the daily commentary to receive these updates every morning before the opening bell.

    If you found this blog useful, please send it to someone else, share it on social media, or contact us to set up a meeting.

    The post McDonalds And Starbucks Confirm Eroding Sentiment appeared first on RIA.

  30. Site: AsiaNews.it
    1 week 3 days ago
    The ruling junta, the Rohingya issue that emerged during Pope Francis' visit in 2017, the riches of the territory and the violence of the military.Lights and shadows of a nation born in the same year as the cardinal. The call to fight 'hatred and division', the moderate face in domestic politics and attacks on Beijing for violations of rights and religious freedom, as in the arrest of Cardinal Zen.
  31. Site: AsiaNews.it
    1 week 3 days ago
    New Delhi has revoked the system that allowed Bangladeshi goods to be exported to third countries via Indian territory. Dhaka responded by suspending imports of cotton yarn from India through five border crossings, including Benapole and Bhomra.In the background are India's concerns after Yunus's overture to China.
  32. Site: Crisis Magazine
    1 week 3 days ago
    Author: Kennedy Hall

    I don’t know about you, but sometimes I really hate modernity. I know, I know, not everything was better in the past. For one, I am very grateful for things like indoor plumbing and refrigeration, and I am well aware that men have been sinners from the get-go, and therefore every age has its drama and iniquity to deal with. But there is one thing about our modern age that is especially repugnant…

    Source

  33. Site: PeakProsperity
    1 week 3 days ago
    Author: Chris Martenson
    Join Chris and Evie for the Signal Hour live at 1pm ET.
  34. Site: AsiaNews.it
    1 week 3 days ago
    Today's news: Israel continues to bomb Gaza, dozens more dead; UN calls for end to embargo;US-Ukraine agreement on rare earths after Trump and Zelensky meeting in the Vatican;Raids by the Burmese military junta have killed eight more civilians despite the ceasefire;In Delhi, four people have died due to rain and strong winds, which have also disrupted flight operations.
  35. Site: Catholic Herald
    1 week 3 days ago
    Author: Ngala Killian Chimtom

    YAOUNDÉ, Cameroon – Cameroon is continuing to be attacked by the Islamist organization Boko Haram, and the situation is getting worse, according to a bishop.

    Bishop Barthélemy Yaouda Hourgo of the Yagoua Diocese in Cameroon’s Far North region, Barthélemy Yaouda Hourgo spoke to Crux about the deteriorating security situation in the area during the 50th Ordinary Plenary Assembly of the Cameroon Bishops’ Conference.

    “The current situation of insecurity is worsening,” he said. “I say this because just recently, soldiers were killed only 5 kilometers from my village.”

    On March 25, Boko Haram fighters, disguised as herdsmen, launched a deadly assault on a military base in Wulgo, near the Nigerian border. The base, operated by Cameroonian soldiers from the Multinational Joint Task Force, was overrun by the assailants, resulting in the loss of at least 20 soldiers.

    According to sources cited by the French news channel Africa 24, the insurgents seized Soviet-made Shilka guns — lightly armored, radar-guided anti-aircraft weapons further escalating the threat.

    Yaouda Hourgo expressed concern over the worsening security situation, emphasizing that the terrorist organization is increasingly acquiring sophisticated weaponry.

    “Boko Haram now has access to drones,” the bishop told Crux.

    “Unfortunately, we are losing soldiers, and the toll on civilians is even more devastating. Civilians who have their cattle in the bush are killed. It’s become part of our daily lives,” he said.

    Added to the attacks are the kidnapping of people for ransom.

    “Once kidnappers believe you have a little money, they will either come for you, your kids or your wife. They take all these people and they can only be released upon the payment of a ransom,” Yaouda Hourgo explained.

    Boko Haram, an extremist group that emerged in Nigeria in 2009, when it launched a violent campaign with the goal of establishing a caliphate across the Sahel.

    Initially operating within Nigeria, the group soon expanded its attacks to neighbouring countries — Cameroon, Chad, and Niger — causing widespread devastation. According to the United Nations, Boko Haram has killed at least 40,000 people and displaced more than 2.3 million, leaving countless families in turmoil.

    Its activities have severely disrupted livelihoods across the Lake Chad Basin, an area that sustains nearly 40 million people through fishing, farming, and herding. Communities that once relied on these industries now face economic instability, food insecurity, and a continuous threat of violence.

    The group’s name, Boko Haram, translates to “Western education is prohibited,” and its radical ideology has led to the closure of many schools across Cameroon and the broader Sahel region.

    However, while Boko Haram’s attacks have directly contributed to the decline of education in Cameroon’s Far North, the crisis has been exacerbated by a government that has failed to invest adequately in the region’s children. A lack of resources, infrastructure, and support has left many young people without access to quality education, further deepening the challenges faced by the area.

    “I feel deep sadness that the Far North region is always left behind,” Yaouda Hourgo said.

    “When I see the disparity in resources — how our children don’t receive the same opportunities as those in Yaoundé, Douala, or Bafoussam — it’s disheartening. If given the same means, they could thrive because there are incredibly intelligent people here,” he said.

    “We are not ignorant; in fact, I assure you that the Far North is home to exceptionally bright students. Very, very intelligent young minds. Yet, we face overwhelming challenges. Schools often lack basic necessities — benches, classrooms, even roofs. Imagine a child studying in unbearable conditions. Just last week, I was in Kousséri for a pastoral visit. I met students in a room with a scorching 46-degree [114ºF] temperature. Picture a child trying to learn in a school with no roof. How can they possibly be expected to compete academically with students in better-equipped regions?” Yaouda Hourgo added.

    He said both insecurity and poverty have affected the Church in more ways than one and expressed worry that with the dearth of western funding, only faith could keep the Church going in that part of the country.

    “The Church is also facing difficult times,” he said.

    “For years, Europe has been our primary source of support, but now, it has little to offer. First, there are fewer Christians. Churches are empty, offerings have dwindled, and requests for Mass have declined. Financial aid has virtually disappeared,” he told Crux.

    He said that at the level of the Episcopal Conference, there are discussions on how the Church can survive without external support.

    “We are searching for ways to sustain ourselves, but independence requires support,” said Yaouda Hourgo.

    “If you want to establish a bakery, you need funds to get it started. If you want to engage in farming—something we in the North could certainly do—you still face challenges. In one night, hundreds of sheep could be stolen, jeopardizing the effort,” he admitted.

    “Despite these hardships, the Church does not belong to an individual — it belongs to God. That is why it has endured for 2,000 years,” he said.

    “Priests and bishops do not receive salaries, yet they continue to live. The financial survival of the clergy depends on the generosity of Christians. It is thanks to you, and to others, that we are able to carry on,” Yaouda Hourgo said.

    (CNS Photo)

    Loading

    The post Cameroon faces rising threat from Boko Haram, says bishop first appeared on Catholic Herald.

    The post Cameroon faces rising threat from Boko Haram, says bishop appeared first on Catholic Herald.

  36. Site: PeakProsperity
    1 week 3 days ago
    Author: Chris Martenson
    Premium members may join Chris and Evie for an extended version of the Signal Hour live at 1pm ET.
  37. Site: Crisis Magazine
    1 week 3 days ago
    Author: Regis Martin

    Of all the correspondence compiled by St. Paul documenting salvation through the Event of Jesus Christ—who alone set about redeeming us all because in Adam’s fall we sinned all—the Epistle to the Romans is clearly the lengthiest of them all. It is also the most impressive, easily eclipsing everything else he wrote. “An alpine peak towering over hills and villages,” is how one admiring exegete put…

    Source

  38. Site: Mises Institute
    1 week 3 days ago
    Author: Ilana Mercer
  39. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    The False Claims Of WHO's Pandemic Agreement

    Authored by David Bell via The Brownstone Institute,

    One way to determine whether a suggestion is worth following is to look at the evidence presented to support it. 

    If the evidence makes sense and smells real, then perhaps the program you are asked to sign up for is worthy of consideration. 

    However, if the whole scheme is sold on fallacies that a child could poke a stick through, and its chief proponents cannot possibly believe their own rhetoric, then only a fool would go much further. This is obvious – you don’t buy a used car on a salesman’s insistence that there is no other way to get from your kitchen to your bathroom.

    Delegates at the coming World Health Assembly in Geneva are faced with such a choice. In this case, the car salesman is the World Health Organization (WHO), an organization still commanding considerable global respect based on a legacy of sane and solid work some decades ago. 

    It also benefits from a persistent misunderstanding that large international organizations would not intentionally lie (they increasingly do, as noted below). The delegates will be voting on the recently completed text of the Pandemic Agreement, part of a broad effort to extract large profits and salaries from an intrinsic human fear of rare causes of death. Fear and confusion distract human minds from rational behavior.

    WHO Likes a Good Story?

    The Pandemic Agreement, and the international pandemic agenda it is intended to support, are based on a series of demonstrably false claims:

    • There is evidence of a rising risk of severe naturally occurring pandemics due to a rapid (exponential) increase in infectious disease outbreaks 

    • A massive return on financial investment is expected from diverting large resources to prepare for, prevent, or combat these

    • The Covid-19 outbreak was probably of natural origin, and serves as an example of unavoidable health and financial costs we will incur again if we don’t act now.

    If any of these were false, then the basis on which the WHO and its backers have argued for the Pandemic Agreement is fundamentally flawed. And all of them can be shown to be false. However, influential people and organizations want pandemics to be the main focus of public health. The WHO supports this because it is paid to. 

    The private sector invested heavily in vaccines, and a few countries with large vaccine and biotech industries now direct most of the WHO’s work through specified funding. The WHO is obligated to deliver what these interests direct it to.

    The WHO was once independent and able to concentrate on health priorities – back when they prioritized the main drivers of sickness and premature mortality and gained the reputation they now trade from. In today’s corporatized public health, population-based approaches have lost value, and the aspirations of the World Economic Forum hold more sway than those dying before sixty. 

    Success in the health commodities business is about enlarging markets, not reducing the need for intervention. The WHO and its reputation are useful tools to sanitize this. Colonialism, as ever, needs to appear altruistic.

    Truth Is Less Compelling Than Fiction

    So, to address these fallacies. Infectious disease mortality has steadily declined over the past century despite a minor Covid blip that took us back just a decade. This blip includes the virus, but also the avoidable imposition of poverty, unemployment, reduced healthcare access, and other factors that the WHO had previously warned against, but recently actively promoted. 

    To get around this reality of decreasing mortality, the WHO uses a hypothetical disease (Disease X), a placeholder for something that has not happened since the Spanish flu in the pre-antibiotic era. The huge Medieval pandemics such as the Black Death were mostly bacterial in origin, as were probably most Spanish flu deaths. With antibiotics, sewers, and better food, we now live longer and don’t expect such mortality events, but the WHO uses this threat regardless. 

    Thus, the WHO has been reduced to misrepresenting fragile evidence (e.g. ignoring technology developments that can explain rising reports of outbreaks) and opinion pieces by sponsored panels in order to support the narrative of rapidly rising pandemic risk. Even Covid-19 is getting harder to use. If, as appears most likely, it was an inevitable result of laboratory manipulation, then it no longer even serves as an outlier. The WHO’s pandemic agenda is squarely targeted at natural outbreaks; hence the need for “Disease X”.

    The WHO (and the World Bank) follow a similar approach in inflating financial Return on Investment (ROI). If you received an email promoting over 300 to 700 times return on a proposed investment, some may be impressed but sensible people would suspect something amiss. But this is what the Group of Twenty (G20) secretariat told its members in 2022 for return on investment on the WHO’s pandemic preparedness proposals. 

    The WHO and the World Bank provided the graphic below to the same G20 meeting to support such astronomical predictions. It is essentially subterfuge; a fantasy to mislead readers such as politicians who are too busy, and trusting, to dig deeper. As these agencies are intended to serve countries rather than fool them, this sort of behavior, which is recurrent, should call into question their very existence.

    Figure 1 from Analysis of Pandemic Preparedness and Response (PPR) architecture, financing needs, gaps and mechanisms, prepared by WHO and the World Bank for the G20, March 2022. Lower chart modified by REPPARE, University of Leeds.

    A virus like SARS-CoV-2 (causing Covid-19) that mostly targets the sick elderly with an overall infectious mortality rate of about 0.15% will not cost $9 trillion unless panicked or greedy people choose to close down the world’s supply lines, implement mass unemployment, and then print money for multi-trillion-dollar stimulus packages. In contrast, diseases that regularly kill more and much younger people, like tuberculosis, malaria, and HIV/AIDS, cost far more than $22 billion a year in contrast. 

    2021 Lancet article put tuberculosis losses alone at $580 billion/year in 2018. Malaria kills over 600,000 children annually, and HIV/AIDS results in similar numbers of deaths. These deaths of current and future productive workers, leaving orphaned children, cost countries. Once, they were the WHO’s main priority.

    Trading on a Fading Reputation

    In selling the package, the WHO seems to have abandoned any attempt at meaningful dialogue. They still justify the surveillance-lockdown-mass vaccinate model by the logic-free claim that over 14 million lives were saved by Covid vaccines in 2021 (so we all have to do that again). The WHO recorded a little over 3 million Covid-related deaths in the first (vaccine-free) year of the pandemic. For the 14 million ‘saved’ to be correct, another 17 million would somehow have been due to die in year two, despite most people having gained immunity and many of the most susceptible having already succumbed.

    Such childish claims are meant to shock and confuse rather than educate. People are paid to model such numbers to create narratives, and others are paid to spin them on the WHO websites and elsewhere. An industry worth hundreds of billions of dollars depends on such messaging. Scientific integrity cannot survive in an organization paid to be a mouthpiece.

    As an alternative, the WHO could advocate for investment in areas that promoted longevity in wealthy countries – sanitation, better diet and living conditions, and access to basic, good medical care. 

    This was once the WHO’s priority because it not only greatly reduces mortality from rare pandemic events (most Covid deaths were in people already very unwell), but it also reduces mortality from the big endemic killers such as malaria, tuberculosis, common childhood infections, and many chronic non-communicable diseases. It is, unequivocally, the main reason why mortality from major childhood infectious diseases like measles and Whooping cough plummeted long before mass vaccinations were introduced.

    If we concentrated on strategies that improve general health and resilience, rather than the financial health of the pandemic industrial complex, we could then confidently decide not to wreck the lives of our children and elderly if a pandemic did arise. 

    Very few people would be at high risk. We could all expect to live longer and healthier lives. The WHO has elected to leave this path, instill mass and unfounded fear, and support a very different paradigm. While the Pandemic Agreement is not essential to it, it is an important part of diverting further funds to this agenda and cementing this corporatist approach into place.

    The United States has done well by stepping out of this mess, but continues to push many of the same fallacies and was instrumental in sowing the mess we now reap. While a few other governments are questioning, it is hard for any politicians to stand with truth when a sponsored media stands squarely elsewhere. 

    Society is once more enslaving itself, at the behest of an entitled few, facilitated by international agencies that were set up specifically to guard against this. At the coming World Health Assembly, the pandemic fairytale will almost certainly prevail. 

    The hope is that a well-deserved erosion of trust will eventually catch up with the global health industry and too few countries will ratify this treaty for it ever to come into force. To fix the underlying problem though and derail the pandemic industry train, we will need to rethink the whole approach to cooperation in international health.

    Tyler Durden Fri, 05/02/2025 - 05:00
  40. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    Radio Liberty Let The Cat Out Of The Bag Regarding The EU's Game Plan For Ukraine

    Authored by Andrew Korybko via substack,

    Russia can expect nothing in return from the EU if Putin concedes to allow their troops and aircraft to deploy in and patrol over Western Ukraine...

    Russia has long warned that any unconditional ceasefire in Ukraine of the 30-day sort that Zelensky has proposed could create an opening for NATO to expand its military influence in that country. Hitherto dismissed as a conspiracy theory by the West, Radio Liberty just let the cat out of the bag. The unnamed officials who they cited in their recent article confirmed that they envisage this “buy[ing] the Europeans time to assemble a ‘reassurance force’ in the Western part of Ukraine” and organize “air patrols” there.

    Their reported game plan is “keeping the Americans onboard” the peace process, “sequencing” the conflict by clinching a ceasefire that’ll later lead to a lasting peace, and using the aforesaid interim period to carry out the abovementioned military moves for pressuring Russia into more concessions. 

    What’s omitted from Radio Liberty’s article is that Russia has threatened to target Western troops in Ukraine, who Secretary of Defense Pete Hegseth earlier said wouldn’t enjoy Article 5 guarantees from the US.

    Even if Putin agrees to this concession that’s assessed to be among one of the five significant differences between him and Trump that prompted Trump’s angry post against Putin, Radio Liberty reported that this still wouldn’t lead to de jure European recognition of Russia’s territorial gains. 

    The same goes for them lifting sanctions or returning any of its €200 billion of seized assets. More sanctions might even soon be imposed and the windfall profits from those assets will “bankroll Ukraine’s military needs”.

    Given what Radio Liberty revealed, Russia can therefore expect nothing in return from the EU if Putin concedes to allow their troops and aircraft to deploy in and patrol over Western Ukraine. Any hopes of restoring Ukraine’s antebellum buffer state status would be crushed, and it can’t be ruled out that the EU’s zone of military activity could later expand to the Dnieper or beyond. One of the special operation’s goals was to prevent the West’s eastward military expansion so that would be another major concession.

    Putin’s decades-long close friend and influential senior aide Nikolay Patrushev just told TASS earlier this week that “For the second year in a row, NATO is holding the largest exercises in decades near our borders, where it is practicing scenarios of offensive actions over a large area - from Vilnius to Odessa, the seizure of the Kaliningrad region, the blocking of shipping in the Baltic and Black Seas, and preventive strikes on the permanent bases of Russian nuclear deterrent forces.”

    Secretary of the Security Council Sergey Shoigu told the same outlet several days prior that “Over the past year, the number of military contingents of NATO countries deployed near the western borders of the Russian Federation has increased almost 2.5 times…NATO is moving to a new combat readiness system, which provides for the possibility of deploying a 100,000-strong group of troops near the borders of Russia within 10 days, 300,000 by the end of 30 days, and 800,000 by the end of 180 days.”

    When the EU’s prioritization of the Baltic Defence Line and Poland’s complementary East Shield are added to the equation, coupled with plans for expanding the “military Schengen” to speed up the eastward deployment of troops and equipment, the trappings of Operation Barbarossa 2.0 are apparent. Putin can’t influence what NATO does within the bloc’s borders, but he has the power to stop its de facto expansion into Western Ukraine during a ceasefire, which could partially hinder its speculative plans.

    Conceding to them, which he might agree to do for the five reasons mentioned in the second half of this analysis here from early March, would lead to Russia’s mutual defense ally Belarus being surrounded by NATO along its northern, western, and then southern flanks. That could make it a tempting future target, but Western aggression might be deterred by the continued deployment of Russia’s Oreshniks and tactical nuclear weapons, the latter of which Belarus has already been authorized to use at its discretion.

    Conceding to Western troops in Ukraine in exchange for the economic and strategic benefits that Russia hopes to reap from the US if their nascent “New Détente” takes off after a peace deal would therefore entail conventional security costs that could be managed through the means that were just described. At the same time, however, hardliners like Patrushev, Shoigu, and honorary chairman of Russia’s influential Council on Foreign and Defense Policy Sergey Karaganov could dissuade him from such a deal.

    Putin must therefore decide whether this is an acceptable trade-off or if Russia should risk losing its post-conflict strategic partnership with the US by continuing to oppose NATO’s de facto expansion into Western Ukraine, including via military means if EU forces move into there without Russian approval. His decision will determine not only the future of this conflict, but also Russia’s contingency planning vis-à-vis a possible hot war with NATO, thus making this the defining moment of his quarter-century rule.

    Tyler Durden Fri, 05/02/2025 - 03:30
  41. Site: RT - News
    1 week 3 days ago
    Author: RT

    President Donald Trump previously said his administration is in contact with Beijing over the tariff dispute, which China has denied

    China is “assessing” US overtures to begin tariff negotiations, the Commerce Ministry said on Friday. According to the ministry, senior US officials recently reached out to Beijing through third parties with proposals to start talks.

    Tensions between the world’s two largest economies have risen since US President Donald Trump imposed 145% tariffs on Chinese imports last month as part of a wider effort targeting over 90 trade partners. Most of the new tariffs were paused for 90 days – excluding China – while a baseline 10% remains in place. Beijing responded with 125% tariffs on US goods and export restrictions.

    The ministry said China has taken note of recent US messages and is evaluating the possibility of negotiations, adding that while Washington has expressed interest in talks, trust would be undermined if unilateral tariffs remain.

    “The US has recently sent messages to China through relevant parties, hoping to start talks with China. China is currently assessing this,” the ministry stated.

    Read more Guo Jiakun, spokesman for the Chinese Foreign Ministry. China denies Trump’s Xi call claim

    Trump previously suggested that the tariffs could “come down substantially” and spoke about the potential for a “fair deal with China.” He also claimed that his administration was “actively” engaging with Beijing and that he had spoken to Chinese President Xi Jinping by phone.

    Secretary of State Marco Rubio claimed on Fox News last week that Beijing was “reaching out” to Washington. China has denied this and accused the US of misleading the public.

    In its statement on Friday, the Commerce Ministry reiterated that the US must show “sincerity” by canceling the tariffs if it wants meaningful dialogue. It added that China remains open to talks, but will not be pressured: “If we fight, we will fight to the end; if we talk, the door is open.”

    It stressed that Beijing will only agree to negotiations in good faith. “Saying one thing and doing another, or even trying to coerce and blackmail under the guise of talks, will not work with China,” the statement read.

    READ MORE: Trump ‘blundered’ on China tariffs – Medvedev

    Analysts expect negotiations will begin soon, citing recent market volatility and the IMF’s downward revision of global growth forecasts due to trade uncertainty. Some observers, however, predict that formal talks will not be announced until after the US and China agree on the terms of a tariff deal privately.

  42. Site: Mises Institute
    1 week 3 days ago
    Author: Jim Fedako
  43. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    Where Malaria Has Been Successfully Eradicated

    As Statista's Anna Fleck shows in the chart below, a total of 45 countries and one territory had managed to eradicate malaria as of January 2025, according to data from the World Health Organization. 

     Where Malaria Has Been Successfully Eradicated | Statista 

    You will find more infographics at Statista

    A place is eligible to apply for a WHO certification of malaria-free status once it has had zero indigenous cases of malaria for three consecutive years. 

    In 2025 so far, Georgia is the latest country to have met this requirement, following after Egypt and Cape Verde last year.

    The United States was declared malaria-free in 1970, alongside Italy and the Netherlands.

    Meanwhile, India still is endemic with more than two million cases reported there in 2023.

    Worldwide, malaria is still endemic in 83 countries.

    Tyler Durden Fri, 05/02/2025 - 02:45
  44. Site: Catholic Herald
    1 week 3 days ago
    Author: Anna Farrow

    It has been four years since a small Indigenous Band in British Columbia, Canada announced that the remains of 215 children had been discovered on the grounds of the former Kamloops Indian Residential School (IRS). It has been nearly 10 years since the Truth and Reconciliation Commission (TRC) released its final report. The intervening years, however, have left most Canadians scratching their heads and asking the same querulous question as Pontius Pilate, “What is truth?”

    By some metrics, it might appear that Canada has moved on from the moral panic that followed the bombshell press release. Chief Rosanne Casimir would later qualify that what had been identified by ground-penetrating radar (GPR) technology were not 215 “remains” but 200 “potential burials;” despite the provision of $12.1 million for field work and exhumation of remains, no remains have ever been recovered.

    The government funding streams and commissions are now coming to an end. The “Residential Schools Missing Children Community Support Fund,” $217 million (₤ 117.6 million)  dispersed to 150 Indigenous communities, was wrapped up in March 2025. In the same month, the National Advisory Committee on Residential Schools, Missing Children and Unmarked Burials was disbanded.

    A month earlier, Parks Canada announced that the site of the former Kamloops Residential School would become the fifth former IRS to be designated a national historic site. Though the press statement called the school the “largest institution in a system designed to carry out what the Truth and Reconciliation Commission described as cultural genocide,” no mention was made of unmarked or mass graves.

    But despite the hasty dismantling of the hastily erected bureaucratic structures, the assumptions and prejudices, even the so-called facts, of that period have become embedded into the national consciousness and are now almost impossible to root out.

    Despite the “not one body” refrain echoed in international and independent media, mainstream journalists, politicians and activists continue to speak as if it is still May 2021.

    Just recently, the CBC had to issue a correction after its chief political correspondent Rosemary Barton said on air, “there have been remains of Indigenous children found in various places across the country.”

    In an electoral riding of 100,000 people, a petition calling for the removal of Conservative candidate Aaron Gunn has garnered close to 20,000 signatures. His mistake was to state on social media that the residential school system did not constitute a genocide.

    The conversation has now shifted away from mass graves, of which there were none, to the denouncement and criminalisation of something called “residential school denialism.”

    In June 2022, then Minister of Justice and Attorney General David Lametti created the Office for the Independent Special Interlocutor (OISI) for Missing Children and Unmarked Graves and Burial Sites associated with Indian Residential Schools.

    Lametti appointed Kimberly Murray, a lawyer and former TRC executive director, as special interlocutor. With a $10.4 million budget, the office had a mandate to identify legal barriers to the search of unmarked graves.

    In a June 2022 interview with CTV News, Murray said she expected to have conversations with survivors and Indigenous leadership around legal recourse in the matter of jurisdiction over unmarked graves and suspected untimely deaths of children.

    What started as the examination of legal frameworks to aid Indigenous communities in their search for so-called missing children, ended in the creation an entirely new “reparations” framework.

    In Oct. 2024, after two and a half years of work, Murray released a two-volume report that focused more on denialism than the identification of unmarked graves. 

    The executive summary of the Indigenous-led Reparations Framework uses the term “denialism” 50 times and “genocide” 72 times. The report repeatedly asserts that what occurred in Indigenous residential schools was genocide. 

    The summary calls for reparations for the families of residential school students, an Indigenous-led national commission with a 20-year mandate to investigate missing children associated with residential schools, and for the government to refer to missing children as victims of “enforced disappearance.” 

    It is important to note that former residential school students were the beneficiary of the largest class action settlement in Canadian history. Settled in 2006, some $3.180 billion in payments were approved, the average being $111,265.

    The report also recommends the amendment of both Canada’s Criminal Code and Bill C-63: An Act to Enact the Online Harms Act to make residential school denialism an imprisonable offence. A month earlier, NDP MP Leah Gazan introduced Bill C-413: An Act to amend the Criminal Code (promotion of hatred against Indigenous peoples).

    Denialism is defined in the report as “condoning, denying, downplaying, or justifying the Indian Residential School System or by misrepresenting facts relating to it…. It is not the existence of the Indian Residential School System that is being denied: it is the intent, outcomes, and impacts of the System.”

    At the National Gathering on Unmarked Graves, the two-day conference at which the OISI report was presented, speakers were seated on a raised stage. At the front was placed a display of Indigenous objects: cradleboards, moccasins, and in the middle, a drum with the number “215” at the center. It was a curious choice. By Oct. 2024, it had been years since Chief Casimir had qualified it was 200 “anomalies” not 215 “remains.”

    I asked Noah MacDonald, Archdiocese of Toronto canon lawyer and member of the Michipicoten First Nation, why he thought the number 215 had moved beyond a data point to an emotive symbol.

    “I see hanging on to those symbols and language because it’s reminiscent of a moment in Canadian history when Indigenous people were believed. The whole world paid attention to the million problems we’ve been trying to express.”

    The report stresses the truth of residential schools is to be found solely in the memories of survivors, including accounts of babies conceived in rape being murdered.

    “Survivors attest to the bodies of babies being placed in incinerators at Indian Residential Schools. These testimonies and oral history evidence hold veracity and truthfulness given the extent of corroboration and repetition among Survivors of the same institution and across many different Indian Residential Schools in the country.” 

    When I questioned MacDonald on this focus upon memory, rather than data, he responded that for many Indigenous communities it was important to focus less on the “implicit facts, but more on the spirit of truth.”

    “Regardless of whether a baby was incinerated there, the souls and the persons of young indigenous children were incinerated there, incinerated by this process of assimilation.”

    Indigenous communities and opinion are, of course, not a monolith.

    Eight days before the OISI report was published, Fr. Cristino Bouvette, priest of the Diocese of Calgary, sat down with YouTuber and Catholic speaker Ken Yasinski, for a conversation on the “mass graves controversy.” 

    Of mixed Cree, Métis and Italian heritage, Bouvette has the credentials to speak to so-called residential school denialism. His grandmother attended the Edmonton Indian Residential School for 12 years. Chosen to act as the National Liturgical Coordinator for the visit of Pope Francis to Canada in 2022, Bouvette says he has “spent the last four years of my life and ministry completely consumed” by the question of reconciliation.

    Bouvette told Yasinski: “This is something I feel very confident I can stand in the face of… the whole concept of residential school denialism. How can I deny what my grandmother lived through? Who can accuse me of denying that?”

    “Asking questions isn’t denying anything,” said Bouvette. “If we are not seeking the truth, if we are not trying to understand all of what surrounds what’s happened here, we will never get anywhere. What’s the point of a Truth and Reconciliation Commission if we leave the truth off? You can’t have reconciliation without truth.”

    Many Indigenous argue the term “denialist” is less than helpful.

    Aaron Pete is a podcaster based in Chilliwack, B.C. and a Chawathil First Nation Councillor whose grandmother attended St. Mary’s Indian Residential School in Ontario.

    Pete finds the word “denialist” to be “a very unproductive term.”

    “The ‘Mass Graves Story’ as told by the CBC needs to be a separate conversation from the history of the residential schools told in the Truth & Reconciliation Commission Report,” Pete told me in a phone interview.

    Some see broader concerns with the language of denialism applied to the Canadian situation. Barbara Kay, columnist for the National Post, is concerned with the appropriation of the language of the Holocaust, specifically denialism, for the Indian Residential Schools. Kay told me IRS denialism seems to mean something different than Holocaust denialism, which means denying “that the records are correct, that the proofs are proof, that the pictures and the photographs are true.”

    “You can’t compare denialism of evidence to denialism of a thought or a belief,” said Kay.

    Unfortunately, on the fourth anniversary of the Kamloops announcement, it is the Pontius Pilate question that echoes through Canada.

    In the words of Noah MacDonald, “It may come down to different understandings of what truth is. Is truth empirical fact or is truth the spirit of truth?”

    (Kukpi7 Chief, Rosanne Casimir, of Tk’emlúps te Secwépemc poses at the site of a makeshift memorial at the former Kamloops Indian Residential School in Kamloops, Canada. Photo by COLE BURSTON/AFP via Getty Images)

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    The post How does the failure to find any Canadian mass graves justify a crime of ‘denialism’? first appeared on Catholic Herald.

    The post How does the failure to find any Canadian mass graves justify a crime of ‘denialism’? appeared first on Catholic Herald.

  45. Site: Zero Hedge
    1 week 3 days ago
    Author: Tyler Durden
    "Every Night, Be Afraid!" - Tesla Owners Targeted By Left-Wing Activists In Vienna

    Authored by Thomas Brooke via Remix news,

    Tesla owners in Vienna are increasingly finding threatening flyers placed on their vehicles, warning them of potential vandalism and public backlash if they do not sell their cars.

    The notes, which have appeared on multiple vehicles in recent days, are part of an apparent campaign by left-wing extremists who have made Tesla — and its CEO, Elon Musk — a target due to his political positions and support for populist parties across Europe.

    One flyer, titled “Our condolences! It’s not your fault. It will only be your fault if you don’t act now”, warns Tesla owners that they are driving a vehicle associated with “right-wing agitator” Elon Musk.

    The note urges drivers to sell their cars while they still can, hinting at consequences such as public shaming and criminal damage to the vehicle.

    The leaflet reads: “Now you own a car that you may be ashamed of, whose value has gone to its knees and you have to be afraid every night that someone will scratch a big ‘fuck Tesla’ into your paintwork.” 

    The document continues with suggestions such as speaking to employers about removing Tesla vehicles from company fleets, and even discussing the matter with friends and family in an effort to ostracize the brand.

    The campaign is not limited to Vienna. Similar anti-Tesla actions have been reported in several other European cities. In Berlin and Paris, Teslas have been defaced with spray paint and stickers labeling drivers as supporters of “right-wing conspiracy.” In Amsterdam, demonstrators have held protests outside Tesla garages and engaged in confrontations with drivers, calling their cars “capitalist machines” and demanding they abandon them.

    In March, an arson attack that knocked out power to a Tesla factory and parts of Berlin was claimed by a left-wing terror group.

    “Together, we are bringing Tesla to its knees. Switch off for Tesla. Greetings to everyone on the run, in the underground in prisons and in the resistance! Love and strength to all Antifa,” read a letter by the perpetrators published in the German media.

    The vandalism is, in part, fueled by left-wing politicians who have made inflammatory remarks about Musk and his company.

    In January, after Musk endorsed the Alternative for Germany (AfD) ahead of the country’s federal elections, Poland’s Sports Minister Sławomir Nitras said, “I can only say this much, listening to these words: Probably no normal Pole should buy a Tesla anymore.”

    Berlin Senator Cansel Kiziltepe, of the Social Democratic Party (SPD), went further earlier this week, comparing Tesla to “Nazi cars.”

    “Who wants to drive a Nazi car? Manufacturers of electric cars are experiencing a sales boom – apart from Tesla,” she said.

    Authorities in Vienna have not yet commented on the distribution of these flyers, but some Tesla owners have expressed concern for their safety and the security of their property, according to Austrian news outlet Exxpress.

    Read more here...

    Tyler Durden Fri, 05/02/2025 - 02:00
  46. Site: The Unz Review
    1 week 4 days ago
    Author: Hua Bin
    One of the funnier episodes after Trump’s tariff war with China was when his Commerce Secretary, the sycophant Howard Lutnick who made his fortune at some Wall Street brokerage, went on TV to talk about the beautiful future to be ushered in – “"The army of millions and millions of human beings screwing in little...
  47. Site: The Unz Review
    1 week 4 days ago
    Author: Philip Giraldi
    I know that those who read my articles will be interested to learn that President Donald Trump has appointed Martin Marks to be his administration’s liaison to the American Jewish community with the title Special Assistant to the President and Director of Jewish Engagement in the White House Faith Office. Marks, whose mother handbag designer...
  48. Site: The Unz Review
    1 week 4 days ago
    Author: Ted Rall
    My mom had an uncanny ability to size up current events and accurately predict their long-term effects. Fifty years ago, I sat in my mom's colonial dining room and watched the fall of Saigon on her black-and-white TV with two folds of aluminum foil dangling from the rabbit ears. America was not riding high. A...
  49. Site: The Unz Review
    1 week 4 days ago
    Author: Andrew Anglin
    It should be obvious though apparently it isn’t: none of the things that are happening actually even matter to the individual, because the future is already written, at least in the ways that will have any significant impact on the individual. It’s possible that there are various alternative outcomes. I don’t really believe it, but...
  50. Site: The Unz Review
    1 week 4 days ago
    Author: Gregory Hood

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