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  1. Site: Zero Hedge
    3 days 8 hours ago
    Author: Tyler Durden
    Medicaid, SALT, & SNAP Debates Threaten Trump Agenda As Reconciliation Deadline Looms

    As House Republicans race to pass President Trump’s sweeping domestic policy package, serious internal divisions remain unresolved, casting doubt over whether the party can meet its own ambitious deadlines.

    Speaker Mike Johnson has set a tight three-week window to pass a massive reconciliation bill intended to enact the core of Trump’s economic agenda. Yet as of May 1, lawmakers remain deadlocked on several of the package’s most contentious provisions, from tax policy to cuts in federal safety-net programs.

    We’re working through each of the final issues,” House Majority Leader Steve Scalise told Punchbowl News, acknowledging that the package is “coming down the wire” even as four committees have already advanced their legislative proposals. Behind the scenes, however, critical components of the legislation remain in flux.

    Major Tax Questions Still Unanswered

    Nowhere is the uncertainty more apparent than in the House Ways and Means Committee, where the $4.5 trillion tax section of the package remains in limbo. A formal markup has not been scheduled, though May 8 is being discussed as a target date, Punchbowl reports.

    One of the most intractable issues is the state and local tax (SALT) deduction cap. Several Republican lawmakers from high-tax states, especially New York, are pressing for the $10,000 cap to be lifted or substantially increased. Speaker Johnson met Wednesday with members of the SALT Caucus to gather “final feedback” before a new cap is finalized.

    But lawmakers involved in the talks described them as far from conclusive. “We’re still far away from being done,” said Representative Nick LaLota, Republican of New York. Proposals to raise the cap to $25,000 have failed to unify the group, and disagreements persist over how to address the so-called marriage penalty, which currently imposes the same cap on joint filers as on single taxpayers.

    For GOP reps like LaLota and Mike Lawler, also of New York, resolving the SALT issue is politically non-negotiable.

    Medicaid Cuts Draw Moderate Resistance

    Similar discord surrounds proposed Medicaid changes. Republicans on the House Energy and Commerce Committee continue to deliberate over how to achieve $880 billion in savings, a task that has sparked pushback from centrist members concerned about the scale of potential cuts.

    Representative Juan Ciscomani of Arizona said talks were “making progress” following a meeting with Committee Chair Brett Guthrie. Still, disagreements remain, particularly over proposals to impose per capita caps on Medicaid spending - a sticking point for members like Representative Don Bacon of Nebraska, who supports no more than $500 billion in total reductions.

    “For them to do any more,” Mr. Bacon said, “they’re going to have to prove it doesn’t hurt people’s health care or hospitals.

    Energy and Commerce is scheduled to hold a markup on May 7, with Republicans on the panel meeting again Thursday morning to try to bridge remaining divides.

    Food Stamp Reform in Flux

    The Supplemental Nutrition Assistance Program (SNAP) has also emerged as a flashpoint. The House Agriculture Committee is under pressure to find $230 billion in savings but has yet to finalize a plan.

    Chair Glenn Thompson of Pennsylvania is opposed to cutting benefits and instead favors a cost-sharing model that would shift more of the financial burden to states. However, that idea has drawn criticism from both the White House and within the Republican conference.

    Mr. Bacon has suggested a simpler solution: scale back the required savings. “They need to lower the $230 [billion] to $100 [billion],” he said.

    Mr. Thompson has signaled that he does not want to see changes to the Thrifty Food Plan, a government benchmark for SNAP benefit levels. But the path forward remains unclear as Republicans weigh political risks and the Trump administration awaits feedback on key proposals.

    Clock's ticking guys...

    Trump administration officials have indicated they want Congress to complete the reconciliation process by July 4. Yet with major pieces of the package still unresolved, that deadline appears increasingly difficult to meet.

    The current impasse reflects a broader challenge facing House Republicans: how to reconcile ideological differences within their own ranks while moving forward on a sprawling policy package. Each committee’s internal debate has created ripple effects, complicating the broader legislative effort.

    The coming weeks will test whether the Republican leadership can align its members around the former president’s agenda - or whether the reconciliation effort will stall under the weight of unresolved conflicts.

    Tyler Durden Thu, 05/01/2025 - 11:25
  2. Site: LifeNews
    3 days 8 hours ago
    Author: Texas Right to Life

    Texas Senators passed the Woman and Child Protection Act, which would crack down on abortion pills sent in the mail or brought in from other states and countries. On the same day, the Life of the Mother Act and Conscience Protections for Health Care Professionals also passed the Texas Senate.

    These are big wins, with half of the legislative process now complete for the Pro-Life measures! Lawmakers now have less than a month to move Pro-Life policies across the finish line.

    The Woman and Child Protection Act (SB 2880 & HB 5510) seeks to combat the growing threat of abortion pills being sent to Texas from other states and countries. If passed, Texas will become the first to attack the abortion industry’s underground network—setting a powerful example for the rest of the nation to follow. Thankfully, the act has already been heard in a House committee. This measure must now be quickly voted to the next step before being debated by all the representatives and then signed into law by the governor.

    The Woman and Child Protection Act is one of two Pro-Life Priority Bills. The second, the Stop Tax-Funded Abortion Travel Act, already passed the Senate and is waiting to be heard in a committee in the Texas House of Representatives.

    Click Like if you are pro-life to like the LifeNews Facebook page!

    (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.10"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

    The Senate also advanced two recommended bills, the Life of the Mother Act (SB 31 & HB 44) and the Conscience Protections for Healthcare Professionals Act (SB 619 & HB 2816).

    The Life of the Mother Act will offer free training to doctors and hospital attorneys on how to treat pregnant women in emergencies and follow Pro-Life laws. The measure would ensure health care professionals have confidence when addressing life-threatening pregnancy complications but would not add loopholes that would harm preborn babies. Pro-Life laws in Texas already allow doctors to intervene if the mother’s life is at risk, but false media reports have led hospital staff to believe otherwise. This bill seeks to resolve this, highlighting once again that Pro-Life protections and emergency care work in harmony.

    Lastly, Senate Bill 619 would protect health care workers from being punished for refusing to take part in procedures that violate their beliefs. It expands current protections while still requiring emergency and life-saving care.

    Each bill must now move through the House committee process. The Woman and Child Protection Act only needs to be voted out of the committee, since it has already had a hearing. However, the other bills still need to be heard in a committee meeting before they can move on to the next step. If passed from committee, each bill must then be scheduled by the Calendars Committee and voted upon by all the representatives before May 27.

    This legislative session could be one of the most impactful yet for the Pro-Life movement in Texas—but the fight isn’t over! These bills now face their final steps in the House, and we need every voice to speak up.

    Your prayers, advocacy, and support can help turn these tentative victories into lasting laws that protect mothers, save babies, and hold the abortion industry accountable. Together, we can make history and ensure Texas continues to lead the nation in defending Life.

    Click here to contact your lawmakers to support the bill.

    The post Texas Senate Passes Bill Stopping Abortion Pills appeared first on LifeNews.com.

  3. Site: The Remnant Newspaper - Remnant Articles
    3 days 9 hours ago
    Author: robert.t.morrison@gmail.com (Robert Morrison | Remnant Columnist)
    Eminences, you know that this situation in which the hierarchy of the Church persecutes Traditional Catholics would be comical were it not so tragic. Please elect a shepherd for all Catholics, including those who humbly wish to follow the only Gospel that St. Paul would recognize as Christian.
  4. Site: Henrymakow.com
    3 days 9 hours ago
    -canada-poilievre--trump-fiery-conservatives.png
    Please send links and comments to hmakow@gmail.com

    Why Did Trump Snub Canada's Trump?
    Was this Canada's last election as a united nation?
    Canada is Fractured on a West-East Basis 

    Pierre Poilevre was considered "Canada's Trump"
    Many Conservatives supported Trump
    Poilievre and his supporters were Zionists like Trump.
     
     Yet Trump endorsed Carnage? 

    Trump says Poilievre said "negative things about him" so he prefers Carney

    Carnage is the polar opposite of Trump, a Communist in the Communist-Zionist Illuminati charade. 
    He is opposed to Trump's Gaza genocide.
     
     Poilievre should have made a deal with Trump (i.e. kissed his ass) the moment he saw the polls were leaning
     toward the Liberals. He was still campaigning on "axe the carbon tax" when he should have been presenting himself as the man who made a deal with Trump. 
     
     Was this an honest error? Or was it deliberate?
     
     Trump's betrayal of a Canadian nationalist reminds me of how the Nazis destroyed their nationalist allies in Romania. 
    They would not foster any other nationalism but their own.
     
    Trump's plot may be for Western Canada to join the US!  There are many calls for separation which inevitably would mean union with the US.

    Poilievre, Carney and Danielle Smith may be in on it. They're all Freemasons like Trump.
    --

    pierre-error.jpg
    Trump says Poilievre "said negative things about him" so he prefers Carney

    Alberta's Exit Plan: Will It Become the 51st State?

    Was Canada's break up part of Trump's strategy?


    Read the comments. Western Canadians are finshed with Canada






    Alberta wants OUT? Constitutional lawyer explains REFERENDUM changes and path to independence


    The four Maritime provinces have a third of Alberta's population but more seats in Parliament 
    -
    ---
    ICE in First 100 Days: Almost 70K Illegals Arrested, Nearly 66K Removed; 75 Percent Dangerous Criminals


    U.S. Immigration and Customs Enforcement collared almost 70,000 illegal aliens during the first 100 days of the Trump administration, and removed almost 66,000, the vast majority of whom were criminals.

    As well, the agency reported today, thousands of the deportees were terrorists linked to the gangs that President Donald Trump labeled terrorist organizations on Day 1 of his presidency. Data from U.S. Customs and Border Protection show a 90-percent drop of encounters at the southwest border.

    -
    smith-fidelito-handshake.jpg
    The Masonic handshake between Fidelito and Danielle Smith is now available on video.



    Senate Republicans added an amendment to bipartisan legislation addressing rising antisemitism on college campuses that could be seen as a concession to Christian conservatives who want to protect those who preach that the Jews killed Jesus.


    Senate committee approves amendment to Antisemitism Awareness Act stating criticism of Israeli government isn't antisemitic
    Sen. Bernie Sanders proposed the amendment as well as two others

    -
    Chabad Errand Boy Putin condemns antisemitism in Russia


    Viewer--"I'm pretty sure Putin knows who caused the massacre of 40+ million Christians in Russia before WW2...
    So hearing this out of him makes me lose faith in him quite a bit..."
    -
    FBI agents seen kneeling in infamous George Floyd protest picture demoted


    But the change comes amid a broader effort by President Donald Trump's new FBI Director Kash Patel to root out what the president has called 'woke' and politicized elements within the bureau.

    Some who worked on criminal cases against Trump and led field offices across the country have reportedly also been removed from their positions, often without any reason, according to the Washington Post.

    -

    global-trade-dominance-u-s-vs-china-2000-2024-v0-x4pfu22gjpje1 (1).png
    Graph showing the growth of Chinese world trade vs US world trade-From 2000 to 2024, US trade expanded 167% compared to China's 1200% growth.
    By 2024 total trade reached $5.3 T for the US and $6.2 T for China. 

    ---
    Canada the Illusion


    Canada never was a sovereign independent nation.
    -
    Alex Soros fumes at left-wing climate group over 'Palestine' obsession: 'What the hell...All they do is talk about Palestine'


    In an interview with New York Magazine in which he detailed his plans to fund efforts to foil the Trump administration's agenda, Soros expressed his frustration with the leftist environmentalist group "Sunrise Movement," which is heavily funded by Soros-backed organizations.

    "What the hell did they do, by the way?" Soros, who is Jewish, complained. "We gave them money, and now all they do is talk about Palestine. It's ridiculous."
    -

    Makow -- Commie Soros defends Palestine genocide. They are joined at the top.
  5. Site: Zero Hedge
    3 days 9 hours ago
    Author: Tyler Durden
    The Baby Hoax: Reporters Repeat False Narrative Over Child Deportations

    Authored by Jonathan Turley,

    For years, the mainstream media has been criticized for open political bias, including repeating false narratives and claims. 

    There is little evidence that that will change despite falling revenues and audiences. 

    That was evident this week as leading journalists continued to raise a dubious claim about the Trump Administration deporting children, including cancer patients.

    The media has been promulgating a false claim that children as young as four are being deported.

    The Administration immediately stated that the decision rested with the mothers on whether they would take the children or leave them in the United States with family.

    Many of the same figures accused of promulgating false stories quickly picked up the spin from the Washington Post.

    On NBC’s Meet the Press, Kristen Welker pursued the narrative with Secretary of State Marco Rubio:

    KRISTEN WELKER: Let’s talk now about some new reporting that came in overnight. I want just to go through it with you and for our audience. Three U.S. citizen children have been deported with their mothers. Now this is according to The Washington Post. The family’s lawyer says one of them is a 4-year-old with Stage 4 cancer, deported without medication or ability to contact doctors. The family’s lawyers are also saying their clients were denied communication with family and legal representatives before being deported, and it’s raising concerns about the issue of due process. That it’s being violated. So let me ask you, is everyone on U.S. soil, citizens and non-citizens, entitled to due process?

    MARCO RUBIO: Yes, of course. But let me tell you, it looks- in immigration standing, the laws are very specific. If you are in the country unlawfully, you have no right to be here and you must be removed. That’s what the law says. Somehow over the last 20 years, we’ve completely lost this notion that somehow- or completely adopted this idea that yes, we have immigration laws but once you come into our country illegally it triggers all kinds of rights that can keep you here indefinitely. That’s why we were being flooded at the border, and we’ve ended that. And that’s why you don’t- you see a historically low number of people not just trying to cross our border, trying to cross the border into Panama, all the way down in the Darien Gap. I mean- i it’s been a huge help for those countries as well. On the headline- that’s a misleading headline. Okay? Three U.S. Citizens, ages 4, 7 and 2 were not deported. Their mothers who were illegally in this country were deported. The children went with their mothers. Those children are U.S. citizens- they can come back into the United States- there’s- their father or someone here who wants to assume them. But ultimately who was deported was the mother- their mothers who were here illegally. The children just went with their mothers. But it wasn’t like- you guys make it sound like ICA agents kicked down the door and grabbed the 2 year-old and threw them on an airplane. That’s misleading. That’s just not true.

    That would ordinarily leave a journalist looking at their shoes in embarrassment, but Welker decided to double down and add the claim that children are being denied “due process”:

    WELKER: Just to be clear, because I do want to get to the overhaul at the State Department. Is it the U.S. policy to deport children, even U.S. citizens, with their families- and I hear what you’re saying- without due process? Just to be very clear there.

    RUBIO: Well- no, no, no. No, no. Again, if someone is in this country unlawfully, illegally, that person gets deported. If that person is with a 2-year-old child or has a 2-year-old child and says “I want to take my child with you- with me,” well then you have two choices. You can say yes, of course, you can take your child whether they’re a citizen or not because it’s your child or you can say yes, you can go, but your child must stay behind. And then your headlines would read, “U.S. holding hostage 2-year old, 4-year-old, 7-year-old, while mother deported.”

    There is a great deal of litigation working through the courts on the level of due process required for deportations. The public overwhelmingly supports the deportation of unlawful immigrants and elected Trump based on his pledge to carry out such deportations. Unlawful immigrants often spend years in this country despite orders of deportation or removal. The level of review depends on their status. If they have previously entered unlawfully, they are subject to expedited removal.

    The critical point, however, is that the children are not being deported. 

    If they were born in this country, they are still treated as U.S. citizens (though the Administration is challenging birthright citizenship in the courts).

    Having a child in the United States does not make parents immune from removal or afford them special legal status over other deportees.

    Over at CBS, Margaret Brennan (who was criticized for her “fact checks” in the presidential debate) also jumped on the narrative in interviewing Border Czar Tom Homan on Face the Nation:

    MARGARET BRENNAN: On Friday, there were three American citizen children, born here, who were deported along with their mothers from Louisiana down to Honduras. And according to advocates, one of them is a 4-year-old child with Stage Four cancer. A rare form of metastatic cancer who was sent back to Honduras without getting to talk to a doctor and without medication. I understand this child’s mother entered this country illegally. But isn’t there some basis for compassionate consideration here that should have allowed for more consultation or treatment?

    TOM HOMAN: Well, it certainly is discretionary. I’m not aware of this specific case. But no U.S. citizen child was deported. Deported means you gotta be ordered — reported by the immigration judge. We don’t deport U.S. citizens.

    BRENNAN: The mother was deported along with the children.

    HOMAN: These children- Children aren’t deported. The mother chose to take the children with her. When you enter the country illegally and you know you are here illegally and you choose to have a U.S. citizen child, that’s on you. That’s not on this administration. If you choose to put your family in that position, that’s on them. But having a U.S. citizen child, after you enter this country illegally, is not a “get out of jail free” card. It doesn’t make you immune from our laws. If that’s the message we send to the entire world, women are going to keep putting themselves at risk and come to this country. We send a message: you can enter the country illegally, that’s okay, you can have due process at great taxpayer expense, get ordered to move, that’s OK. Don’t leave, but have a U.S. citizen child and you are immune from removal? That’s not the way it works.

    BRENNAN: So you don’t think there should be compassionate consideration for a 4-year-old child undergoing treatment for cancer?

    HOMAN: I didn’t say that. I said ICE officers do have discretion-

    BRENNAN: That was the question.

    HOMAN: ICE officers do have discretion. I’m not familiar with the specific case. I don’t know what facts surround this case. I was just made aware of this when you mentioned it this morning. I was not aware of that case.

    Brennan correctly noted that a court recently found a lack of due process in a child’s case. However, Holman had a reasonable response in citing the mother’s election in this one case to leave with her child.

    BRENNAN: On Friday, a federal judge who was appointed by President Trump said a 2-year-old American citizen child had been sent to Honduras with the mother. But the judge said, quote: “there was no meaningful process.” So again, this is another similar situation and dynamic. Shouldn’t there be special care when the deportation cases involve small American-born children?

    HOMAN: First of all, I disagree with the judge. There was due process. That female had due process at great taxpayer expense and was ordered by an immigration judge after those hearings. So she had due process. Again, this is Parenting 101. And you can decide to take that child with you or you can decide to leave the child here with a relative or another spouse. Having a child doesn’t make you immune from our laws of the country. American families get separated every day by law enforcement- thousands of times a day. When a parent gets put in jail, the child can’t go with them. If you are an illegal alien and you come to this country and you decide to have a U.S. citizen child, that’s on you. You put yourself in that position.

    BRENNAN: Well, when it came to this particular case, you just pointed out that they could have made arrangements. The father tried, actually, to make arrangements as we understand it through our reporting. But he and the mother who were separated, since she was in detention after showing up for her appointment, was only allowed a very brief phone call. The father tried to petition to get the child handed over to an American citizen relative. So the mother had to make this decision and took the child with her. It just seems like there could be some more time frame here around due process allowed. That’s what the judge is saying, is saying- there should have been more of a process here.

    HOMAN: There was due process. The 2-year-old baby- the two year old baby was left with the mother because the mother signed a document requesting her 2-year-old baby go with her. That’s the parent’s decision. I don’t think the judge knows the specifics of this case. The 2-year-old went with the mom. The mom signed a paper saying, “I want my 2-year-old to go with me.” That’s a parent’s decision. It’s not a government decision, it’s a parent’s decision.

    BRENNAN: The father wrote a note. Anyhow, we have to leave it there, Director. Thank you for your time today. We’ll be right back.

    It is important to note that these are two very different cases that were blended into the coverage.

    In the second case, the government insists that there was no prior arrangement for the child to be left with the family and that the mother made this decision.

    ICE should endeavor to accommodate such requests and there should always be an inquiry into allegations that these women were prevented from making arrangements for their children to remain in the country. However, there will also be practical limits in addressing those issues in the midst of a removal.

    If Homan is correct, the mother was in the system long before the actual removal. The father “sending a note” at the end of that process is worth looking into, but it is hardly surprising that the removal proceeded with the mother’s consent.

    The same narrative was playing over at ABC as Martha Raddatz had this exchange with former DoJ spokesperson Sarah Isgur:

    MARTHA RADDATZ: Sarah, I want to turn here to some information that has been in The Washington Post about deportations of very young children who are American citizens. A 2-year-old, a 4-year-old, a 7-year-old sent back to Honduras. Is that legal?

    SARAH ISGUR: This is something our immigration system deals with nearly every day. U.S. citizen children have to make that decision with their parents of whether they’re going to stay. The parent has the decision. We do not allow illegal alien parents to stay just because they have custody over U.S. citizen children, and at least one of these cases with the 2-year-old, the mother was the one who made the decision to take her daughter with her. The father is the one saying he wanted the daughter to stay here. Often times, it’s going to look more like a custody dispute than an immigration question.

    Again, as Isgur correctly points out, this is the election of the parents who are being removed.

    Critics have pushed back on these interviews, noting how the media seemed only marginally interested in thousands of children lost in the system under the Biden Administration as millions poured over the border.

    The coverage suggested that children were being thrown on planes to be dumped in some foreign land.

    The Washington Post, which is cited for the story, has been repeatedly accused of pushing misleading or false narratives. There was a recent riot in the newsroom when owner Jeff Bezos demanded that the newspaper return to more balanced coverage.

    The most telling condemnation came from Post columnist Philip Bump, who wrote “what the actual f**k.” Bump has been repeatedly accused of false claims and previously had a meltdown in an interview when confronted about past false claims. After I wrote a column about the litany of such false claims, the Post surprised many of us by stating that it stood by all of Bump’s reporting, including false columns on the Lafayette Park protests, Hunter Biden’s laptop, and other stories. That was long after other media debunked the claims, but the Post stood by the false reporting.

    We have previously discussed the sharp change in culture at the Post, which became an outlet that pushed anti-free speech views and embraced advocacy journalism. The result was that many moderates and conservatives stopped reading the newspaper.

    In my book on free speech, I discuss at length how the Post and the mainstream media have joined an alliance with the government and corporations in favor of censorship and blacklisting. I once regularly wrote for the Post and personally witnessed the sharp change in editorial priorities as editors delayed or killed columns with conservative or moderate viewpoints.

    Last year, that culture was vividly on display when the newspaper offered no objection or even qualification after its reporter, Cleve Wootson Jr., appeared to call upon the White House to censor the interview of Elon Musk with former President Donald Trump. Under the guise of a question, Wootson told White House Press Secretary Karine Jean-Pierre “I think that misinformation on Twitter is not just a campaign issue…it’s an America issue.”

    The baby hoax shows that little has (or likely will) changed. In the meantime, the public is moving on. New media is rising as mainstream media audiences shrink. Journalists and columnists are increasingly writing for each other as polling shows trust in the media is at an all-time low.

    Robert Lewis, a British media executive who joined the Post, reportedly got into a “heated exchange” with a staffer. Lewis explained that, while reporters were protesting measures to expand readership, the very survival of the paper was now at stake:

    “We are going to turn this thing around, but let’s not sugarcoat it. It needs turning around,” Lewis said. “We are losing large amounts of money. Your audience has halved in recent years. People are not reading your stuff. Right. I can’t sugarcoat it anymore.”

    It simply does not matter. The media continues to vigorously saw on the branch upon which it is sitting.

    Jonathan Turley is the Shapiro professor of public interest law at George Washington University and the author of “The Indispensable Right: Free Speech in an Age of Rage.”

    Tyler Durden Thu, 05/01/2025 - 10:25
  6. Site: Zero Hedge
    3 days 9 hours ago
    Author: Tyler Durden
    'Beneficial Switching Away From Imports' - US Manufacturing Surveys Signal No Recession In Q2

    Following a slew of regional Fed surveys (and various other sentiment readings) sending 'soft' data dramatically lower (as 'hard' data continues to strengthen), this morning's Manufacturing PMIs are expected to signal further weakness.

    Source: Bloomberg

    The final S&P Global Manufacturing PMI did indeed disappoint, sliding from 50.7 flash print to 50.2 - exactly in line with March's final print (but below the 50.5 expected).

    ISM's Manufacturing PMI beat expectations, printing 48.7 (down from the 49.0 in March but better than the 47.9 expectations) - lowest since Nov 2024.

    So Hard data up, PMI flat, ISM down... take your pick

    But none of the three factors point to a recession:

    “The past relationship between the Manufacturing PMI® and the overall economy indicates that the April reading (48.7 percent) corresponds to a change of +1.8 percent in real gross domestic product (GDP) on an annualized basis,” says ISM's Timothy Fiore.

    Under the hood, all the main components beat expectations with New Orders and Employment improving and Prices Paid rising (but less than expected)...

    Admittedly, respondents are fearful of the impact of tariffs to come:

    • “Uncertainty over tariffs is providing a big challenge from both Tier-1 suppliers we will have to pay tariffs on directly and Tier-2 suppliers that will try to pass tariffs through to us in the form of price increases and tariff surcharges.” [Chemical Products]

    • “Tariffs impacting operations — specifically, delayed border crossings and duties calculations that are complex and not completely understood. As a result, we are potentially overpaying duties. Unsure of potential drawbacks. Implementation of tariffs and their application is sudden and abrupt. The business is taking countermeasures.” [Transportation Equipment]

    • “Business climate is apprehensive, and with tariff costs implemented, all inbound Chinese shipments are on hold. It is not feasible for our business or customers to sustain the pricing required to provide an acceptable margin.” [Computer & Electronic Products]

    • “The most important topic is tariffs. Risks include margin erosion due to rising operational costs and freight delays disrupting delivery timelines. Supplier relationships are strained by pain-share negotiations, and competitors are gaining share by importing from lower-tariff regions.” [Food, Beverage & Tobacco Products]

    • “Tariff whiplash is causing us major issues with customers. The two issues we are seeing: (1) customers are holding back orders to understand what is happening with tariffs on their products or (2) they are forcing us to accept the tariffs, which causes us to ‘no quote’ the job as we cannot take on that type of risk for an order.” [Machinery]

    • “There is a lot of concern about the inflationary impacts from tariffs in our industry. Domestic producers are charging more for everything because they can.” [Fabricated Metal Products]

    • “Tariff trade wars are incredibly volatile, quickly changing, and disrupting a ton of our current work. We are 90 percent sourced out of China, and the cost models keep changing every week. We are flying to visit suppliers in a few weeks to negotiate current terms and pricing, as well as develop more long-term, strategic plans to reduce risk in the region.” [Apparel, Leather & Allied Products]

    • “Demand is slightly lower than plan, but it has been steady amid tariff concerns. Significant time has been spent quantifying the impact of changing tariff rates. Our costs will increase, and we are discussing how to share that impact across suppliers and customers.” [Electrical Equipment, Appliances & Components]

    • “The recently imposed 145-percent tariff rate on Chinese imports is significantly affecting our 2025 profitability. Due to the complexity of our parts and the lack of alternate sources, we are unable to find any alternate suppliers — especially at a reasonable cost — to our current Chinese sources. Incoming orders have slowed due to market volatility and uncertainty.” [Miscellaneous Manufacturing]

    "Manufacturing continued to flat-line in April amid worrying downside risks to the outlook and sharply rising costs," said Chris Williamson, Chief Business Economist at S&P Global Market Intelligence.

    "Factory output fell for a second successive month as tariffs were widely blamed on a slump in export orders and curbed spending among customers more broadly amid rising uncertainty. 

    But, even they were forced to admit a small silver lining in the report...

    "Although the survey saw some producers report evidence of beneficial tariff-related switching of customer demand away from imports, any such sales increase was countered by worries over tariff-related disruptions to supply chains and lost export sales. 

    This served to drive business confidence about prospects in the year ahead down sharply to the gloomiest for 10 months. 

    And just like all the other surveys, PMI respondents sees Prices rising...

    "Concerns have also spiked in terms of input costs, especially for imported materials and components, due to the triple whammy of tariff-related price hikes, supply shortages, and the weaker dollar. 

    "Manufacturers are responding to these changing demand, supply and cost conditions by raising their selling prices and trimming headcounts to help protect their margins."

    So, take what you will from this - are these data points a reflection of reality or the incessant FUD being peddled by the mainstream media?

    If you need a reminder, as we noted earlier, there is a massive gap between what CEOs are saying and what CEOs are doing...

    Corporate CEOs are just like Long Onlies on Wall Street: everyone is "apocalyptic", nobody is selling....
    only here everyone is "apocalyptic", and nobody is firing pic.twitter.com/Wtu0uNeRqt

    — zerohedge (@zerohedge) May 1, 2025

    Will CEOs suddenly announce massive waves of layoffs, or, with stocks now having erased all of the post-Liberation Day losses, will CEOs suddenly find a renewed optimism?

    Tyler Durden Thu, 05/01/2025 - 10:09
  7. Site: Euthanasia Prevention Coalition
    3 days 9 hours ago

    Normal 0 false false false EN-US JA X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Aptos","sans-serif"; mso-ascii-font-family:Aptos; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Aptos; mso-hansi-theme-font:minor-latin; mso-font-kerning:1.0pt; mso-ligatures:standardcontextual; mso-ansi-language:EN-US; mso-fareast-language:JA;}

    Dr Yuriko RyanBy Dr Yuriko Ryan

    On March 21, the United Nations Committee on the Rights of Persons with Disabilities issued a resounding call, featured in the Globe and Mail article, “Canada must repeal medical assistance in dying (MAiD) for individuals without terminal illnesses.” This global mandate is more than a mere bureaucratic policy recommendation. It represents a global clarion call to confront a dangerous policy trajectory to a country once known for safeguarding human rights. Reckless expansions of MAiD beyond imminent death not only weaken our social safety net but also imperils the very dignity and human rights Canada proclaims to protect.

    The Broken Safety Net and the Rights Fallacy

    When MAiD expansions encompass chronic disabilities or severe mental health challenges, they stray from the essence of our basic rights to life. Blake Murdoch’s April 22, 2024, opinion piece—“Canada’s broken social safety net pushes people toward assisted dying”— lays bare the systemic gaps forcing desperate choices. It becomes painfully clear that our society is failing those who need care the most. For the UN, fundamental human rights are about ensuring that every person receives the respect, dignity, and security inherent in their existence, setting a global standard for freedom and equality. The Canadian Charter of Rights and Freedoms, as part of Canada’s supreme law, similarly protects these core rights, providing a legal backbone that guarantees a life of dignity and freedom for everyone in Canada. Ensuring a dignified life and securing the existence of individuals living with disabilities and facing mental health challenges is a critical necessity in Canada.

    Humanity Under Siege: A Slippery Slope Toward Devaluing Life


    Broadening MAiD eligibility sends a chilling message that some lives are deemed less worthy of support. This approach risks transforming what should be a humane response to suffering into a mechanism that subtly coerces the vulnerable toward death. As highlighted by Dr. Ramona Coelho in “Canadians with disabilities are dying needlessly” (October 28, 2024), inadequate disability and mental health supports are directly linked to the increasing reliance on “medically” assisted dying. When death becomes an all-too-accessible solution to systemic social failures, Canada edges dangerously close to practices observed in nations with tarnished human rights records.

    A Crisis of Priorities: The Undermining of Basic Human Rights

    While Canadians are currently bombarded with political campaign promises about the economy, housing, and border security, we must not lose sight of our nation’s foundational value: respect for human dignity. These policy debates, crucial as they are, cannot flourish on a bedrock of policies that allow the vulnerable to be set aside. When the state offers death as an alternative to genuine care, every political pitch on economic growth or secure borders rings hollow. The UN’s urgent demand to repeal non-terminal MAiD is a stark reminder that without a commitment to upholding basic human rights, all other achievements come at a moral cost.

    Legislative Lapses and the Pressure of Ideological Elites

    The current policy environment is marred by the legislative lapses and the influence of ideological elites closely tied with MAiD expansionists. Bill C-7 did expand the MAiD framework to include a pathway for individuals whose natural death is not reasonably foreseeable. Notably, the MAiD expansion to encompass mental illness as the sole underlying medical condition was proposed, as an add-on to the Bill, by a senator who is also a psychiatrist. Despite the proposal’s clear implications for vulnerable populations, it remains unimplemented amid significant push-back from both citizens and various political factions. This hesitancy underscores how, in some cases, legislators can cease to be steadfast guardians of human rights. The writings of ideological elites, Karl Binding, a controversial jurist, and Alfred Hoche, a psychiatrist, in Allowing the Destruction of Life Unworthy of Life during 1920s Germany, stand as grim historical precedents for today’s trajectory in Canada—a society that privileges “the strong and fit” while abandoning its most vulnerable.

    A Call for True Compassion and Concrete Reform


    The UN’s emphatic message compels us to reassess not only our legal framework but our entire moral compass. Repealing non-terminal MAiD is not a rejection of individual autonomy, it is a necessary stand for the inherent worth of every life. If Canada fails to address these systemic issues, every political win claiming to improve the economy or secure our borders will be undermined by a failure to respect basic human rights.

    Canada now stands at a crossroads. As millions of Canadians head to the polls later this month, the powerful public voices in the media alongside the global call from the UN, compel us to choose the path of true compassion and reform. It is time to put human dignity first by repealing non-terminal MAiD and reaffirming the values upon which our great North is built. 

    Your powerful voice matters.

    Dr. Yuriko Ryan is a Canadian bioethicist and gerontologist who explores emerging topics including end-of-life care, mental health and addiction, and artificial intelligence. She is an ethicist with more than 25 years experience in health policy research and healthcare administration. She has a doctorate in bioethics and a Master's degree in gerontology from Simon Fraser University.

  8. Site: Steyn Online
    3 days 10 hours ago
    Laura Rosen Cohen shares her collection of excellent links from around the world this week...
  9. Site: LifeNews
    3 days 10 hours ago
    Author: Susan Berry, Ph.D.

    An Obama-appointed judge who blocked President Donald Trump’s executive order denying federal funds to jurisdictions refusing to cooperate with federal immigration officials also protected the abortion industry by barring the release of undercover videos exposing the sale of aborted baby body parts.

    “Defendants and their officers, agents, servants, employees, and attorneys, and any other persons who are in active concert or participation with them ARE HEREBY RESTRAINED AND ENJOINED from directly or indirectly taking any action to withhold, freeze, or condition federal funds from the Cities and Counties,” wrote U.S. District Judge William H. Orrick of San Francisco in an April 24 ruling.

    “Here we are again,” Orrick said, citing his prior ruling blocking Trump’s executive order defunding sanctuary cities during the president’s first term.

    HELP LIFENEWS SAVE BABIES FROM ABORTION! Please help LifeNews.com with a donation!

    “The Cities and Counties have also demonstrated a likelihood of irreparable harm,” the judge continued. “The threat to withhold funding causes them irreparable injury in the form of budgetary uncertainty, deprivation of constitutional rights, and undermining trust between the Cities and Counties and the communities they serve.”

    The day after Orrick’s ruling, George Washington University law professor and legal analyst Jonathan Turley told Fox News’ “The Ingraham Angle” that Orrick has “created one of the most ‘problematic’ cases challenging the president’s authority.”

    “The Supreme Court has repeatedly said they want to stop national injunctions,” Turley commented to guest host Kayleigh McEnany, as reported by the Daily Caller. “The one in San Francisco, I think, is very problematic … I think the judge pulled the trigger too fast.”

    Turley in a Monday column elaborated that in Trump’s executive order titled Protecting the American People against Invasion, the president ordered his attorney general and secretary of Homeland Security to “evaluate and undertake any lawful actions to ensure that so-called ‘sanctuary’ jurisdictions, which seek to interfere with the lawful exercise of Federal law enforcement operations, do not receive access to Federal funds.”

    “Orrick noted that the term ‘sanctuary jurisdiction’ was not defined and dismissed the express reservation that such actions can only proceed to the extent that they are allowed under law,” Turley observed.

    “The irony is that the opinion itself is overly broad and imprecise,” he noted. “There are indeed cases limiting the ability of the federal government to ‘commandeer’ states and cities into carrying out federal functions. However, there are also cases upholding the right to withhold federal funds that contravene federal laws and policies.”

    “The operative language in the order is the focus on sanctuary policies that ‘interfere’ or prevent federal enforcement,” Turley asserted. “There must be some accommodation for the federal government in refusing to pay for the rope that it will hang by.”

    Orrick’s rulings siding with those who are protecting illegal immigrants come a decade after his decisions backing the abortion industry when undercover journalists exposed industry officials and abortionists discussing the sale of the body parts of aborted babies.

    Speaking as an individual to CatholicVote, undercover journalist David Daleiden, project lead of the Center for Medical Progress (CMP), said Monday that Orrick’s “pro-abortion activism has been on display in his courtroom for years.”

    “I will never forget the day he ruled against me because he said I failed to produce evidence of Planned Parenthood’s wrongdoing—after he had already ruled that my attorneys were not allowed to introduce evidence of Planned Parenthood’s wrongdoing,” the pro-life activist recalled.

    In June 2017, as Breitbart News reported at the time, attorneys for Daleiden filed a motion requesting that Orrick be disqualified “on the grounds that there is evidence of bias in favor of the plaintiff and prejudice against the defendants.”

    Just a month earlier, Orrick had ordered links to CMP’s videos exposing the sale of the body parts of aborted babies, as well as references to the identities of members of the National Abortion Federation (NAF), to be removed from the internet. Subsequently, YouTube, Facebook, Vimeo, and other platforms deleted the videos from their sites.

    Peter Breen, special counsel with the Thomas More Society – which represented Daleiden at the time – told Breitbart News the motion to disqualify a federal judge is “a very serious matter.”

    “It’s not something that you do lightly, but in view of the evidence that has now come to light, we as attorneys are duty bound, at this point, to bring the motion to disqualify,” Breen said. “In fact, it would be malpractice for us not to. We believe the law requires disqualification.”

    The evidence Breen cited during the interview at the time included:

    • A Planned Parenthood affiliate that was a member of the National Abortion Federation held out Orrick “as an emeritus member of their board.”
    • Orrick’s wife, reportedly pictured with her husband on Facebook, had also posted public comments that were supportive of Planned Parenthood and critical of the defendants in the case.
    • In a document reported to contain Orrick’s responses to the Questionnaire for Judicial Nominees, Orrick indicated he introduced, in June of 2009, Kamala Harris at a fundraiser for her campaign for the post of California attorney general. Additionally, he wrote, “I raised money and sponsored an event for the campaign of Kamala Harris for Attorney General in 2009, before I joined the Department of Justice.”

    “Before joining the federal bench,” Daleiden told CatholicVote, “Judge Orrick helped open, fund, and operate the Planned Parenthood abortion referral clinic in San Francisco that sent pregnant migrant women to the exact Planned Parenthood abortion centers exposed on my videos for harvesting baby body parts.”

    “Somehow, these same Planned Parenthood harvesting centers ensured that their lawsuit to ban the release of more undercover footage ended up in front of Judge Orrick,” Daleiden continued, “and he wasted no time ordering me and anyone who had seen the unreleased tapes to keep silent about what was on them.”

    “Now ten years later, the public can see what Judge Orrick let Planned Parenthood cover up this whole time—top Planned Parenthood abortion directors giggling about selling late-term baby livers for $1,500 a piece, and scheming to cover up partial-birth abortions for organ harvesting by ripping off ‘a leg, or two’ from babies being born alive,” Daleiden said.

    Footage from Daleiden’s investigation can be found here.

    LifeNews Note: Susan Berry writes for CatholicVote, where this column originally appeared.

    The post Judge Who Sided With Planned Parenthood on Selling Aborted Baby Parts Issues Another Crazy Ruling appeared first on LifeNews.com.

  10. Site: Ron Paul Institute - Featured Articles
    3 days 10 hours ago
    Author: Larry C. Johnson

    I almost don’t know what to say about Pete Hegseth’s social media post (see above). It is juvenile, counterproductive and dangerous. During my time living in Central America, I learned a very important piece of wisdom… i.e., The fish dies by its mouth. We need a comparable expression for social media posts like this one. Hegseth, like some angry teenager, is upset that Trump’s version of Operation Prosperity Guardian is a bust.

    Operation Prosperity Guardian (OPG), which was initiated in December 2023 under the Biden administration, continues to operate under its original name, but has been executed with an intensified ops tempo, as measured by bombing sorties and missile strikes inside Yemen. In February 2025, operational leadership transitioned from Combined Task Force 153 to Destroyer Squadron 50, a U.S. Navy surface warfare unit. The Trump team labored under the false assumption that the Biden folks did not make a serious effort to destroy the Houthis’ arsenal of missiles and drones. The Trumpers believed that they could bomb the Houthis into submission. Instead, the US is demonstrating to all countries in the region the limits of its naval and air power.

    The truth of the matter is that old Uncle Sam has an impotence problem. Locating and destroying mobile missile platforms is a daunting task, especially in the rugged terrain of Yemen. After seven weeks of bombing the Houthis, Uncle Sam’s carrier strike group has failed to quell the Houthis. Not that the US had a great reputation to begin with, but the bombing of civilian targets inside Yemen, which has produced scores of dead women and children, is only fueling greater hatred of the United States.

    Despite more than 600 bombing sorties, the Houthis continue to launch missiles and drones at US ships in the Red Sea and targets inside Israel. If Houthi reports are accurate, they have shot down one MQ-9 Reaper drone every week since the start — i.e., seven. With an average cost of $35 million per drone, that means the cost so far is $245 million.

    Now, in the wake of the loss of another F/A-18 Hornet — this one fell off the carrier and sank into the Red Sea — Hegseth is venting his frustration at Iran. It is not Iran’s fault that the crew on the US aircraft carrier failed to properly secure the jet and the tractor, which fell off the carrier during an emergency evasive manuever. That was a $70 million oopsie. Since Trump’s 15 March order to renew attacks on Yemen, the US has lost almost $500 million in planes and drones and failed to guarantee safe passage for Israeli vessels daring to enter the Red Sea. Good job, Mr. Hegseth.

    Reprinted with permission from Sonar21.

  11. Site: southern orders
    3 days 10 hours ago



    THIS IS COPIED FROM A GOOGLE SEARCH AND ITS ARTIFICIAL INTELLENGENCE SUMMARY OF CARDINAL PELL’S LETTER OF 2022:

     AI Overview

    Cardinal George Pell wrote a secret memo, released under the pseudonym "Demos," that heavily criticized Pope Francis's pontificate. The memo, published in 2022, labeled Francis's papacy a "catastrophe" and accused him of various failings, including inaction on issues like the Chinese Communist Party's influence and the German Church's questioning of traditional doctrines. The memo also called for a new pope to restore doctrinal clarity, respect for the law, and adherence to the apostolic tradition. 
    Here's a more detailed look:
    Content of the Memo:
    • Strong Criticism:
      The memo was highly critical of Pope Francis's leadership, calling his papacy a "catastrophe". 
    • Accusations:
      It accused Francis of failing to stand up to the Chinese Communist Party, failing to adequately support Ukraine, and failing to address the German Church's deviations from traditional doctrines. 
    • Desired Qualities of the Next Pope:
      The memo outlined what the author saw as the necessary qualities for the next pope, including restoring normality, doctrinal clarity, respect for the law, and adherence to apostolic tradition. 
    • Emphasis on Tradition:
      The memo strongly emphasized the importance of fidelity to the teachings of Christ and Catholic practices, advocating for a return to tradition and against adapting to the world. 
    Background:
    • Cardinal Pell's Role:
      Cardinal Pell was a prominent figure in the Vatican, serving as the Secretary of the Economy from 2014 to 2019. 
    • Anonymous Release:
      The memo was released anonymously, initially under the pseudonym "Demos," which translates to "the people". 
    • Sandro Magister's Involvement:
      Italian journalist Sandro Magister, who published the memo on his blog, later revealed that Pell was the author. 
    • Pell's Permission for Disclosure:
      Magister claimed that Pell had given him permission to reveal his authorship after Pell's death. 
  12. Site: southern orders
    3 days 10 hours ago



    THIS IS COPIED FROM A GOOGLE SEARCH AND ITS ARTIFICIAL INTELLENGENCE SUMMARY OF CARDINAL PELL’S LETTER OF 2022:

     AI Overview

    Cardinal George Pell wrote a secret memo, released under the pseudonym "Demos," that heavily criticized Pope Francis's pontificate. The memo, published in 2022, labeled Francis's papacy a "catastrophe" and accused him of various failings, including inaction on issues like the Chinese Communist Party's influence and the German Church's questioning of traditional doctrines. The memo also called for a new pope to restore doctrinal clarity, respect for the law, and adherence to the apostolic tradition. 
    Here's a more detailed look:
    Content of the Memo:
    • Strong Criticism:
      The memo was highly critical of Pope Francis's leadership, calling his papacy a "catastrophe". 
    • Accusations:
      It accused Francis of failing to stand up to the Chinese Communist Party, failing to adequately support Ukraine, and failing to address the German Church's deviations from traditional doctrines. 
    • Desired Qualities of the Next Pope:
      The memo outlined what the author saw as the necessary qualities for the next pope, including restoring normality, doctrinal clarity, respect for the law, and adherence to apostolic tradition. 
    • Emphasis on Tradition:
      The memo strongly emphasized the importance of fidelity to the teachings of Christ and Catholic practices, advocating for a return to tradition and against adapting to the world. 
    Background:
    • Cardinal Pell's Role:
      Cardinal Pell was a prominent figure in the Vatican, serving as the Secretary of the Economy from 2014 to 2019. 
    • Anonymous Release:
      The memo was released anonymously, initially under the pseudonym "Demos," which translates to "the people". 
    • Sandro Magister's Involvement:
      Italian journalist Sandro Magister, who published the memo on his blog, later revealed that Pell was the author. 
    • Pell's Permission for Disclosure:
      Magister claimed that Pell had given him permission to reveal his authorship after Pell's death. 
  13. Site: AsiaNews.it
    3 days 10 hours ago
    The ILO reports a 10 per cent drop in informal work in Vietnam, but many complain that workers in large, export-oriented companies still suffer from job insecurity and lower wages. Manufacturing employs some 17 million people. Set to come into force on 1 July 2025, Vietnam's new trade union law remains controversial.
  14. Site: LifeNews
    3 days 10 hours ago
    Author: Grace Porto

    The Texas Senate has unanimously passed the Life of the Mother Act (Senate Bill 31), a bipartisan measure designed to clarify when doctors can legally perform emergency medical interventions during pregnancy.

    As The Texan reported, the bill passed unanimously after revisions were made in committee to ease concerns on both sides of the abortion debate. Though some Democratic committee members initially expressed difficulty supporting the bill, they ultimately voted in favor of it, citing the need to “save women’s lives.”

    Authored by Sen. Bryan Hughes, R-Mineola, and prioritized by Lt. Gov. Dan Patrick, SB 31 seeks to provide legal protection and clarity to doctors making emergency medical decisions. Its companion bill, House Bill 44 by Rep. Charlie Geren, R-Fort Worth, is still pending in the House’s Public Health Committee.

    HELP LIFENEWS SAVE BABIES FROM ABORTION! Please help LifeNews.com with a donation!

    The legislation affirms that doctors may use “reasonable medical judgment” to intervene when a pregnant woman’s life is at risk or when continuing the pregnancy would cause serious impairment of a major bodily function. As the Texan noted, the language of “life-threatening” conditions or “serious risk of substantial impairment” was retained after concerns that looser wording might be exploited to broaden abortion access.

    The bill clarifies that physicians are not required to wait until a pregnant woman is in immediate physical distress before intervening. This was a direct response to fears shared during committee hearings that the current law discouraged doctors from acting in time to save both mother and child.

    The Texan highlighted the bill’s provisions requiring the Texas Medical Board and the State Bar of Texas to improve education for doctors and lawyers regarding abortion law. If passed, the legislation will mandate continuing medical education (CME) and continuing legal education (CLE) to ensure professionals are trained in distinguishing emergency care from elective abortion.

    As CatholicVote previously reported, Texas Right to Life praised the measure for combating widespread misinformation. Communications Director Kim Schwartz said the bill addresses tragic outcomes where doctors hesitated to treat pregnant women in emergencies due to false beliefs about legal consequences.

    Schwartz emphasized that the law, which is also known as the Maternal Safety Act, does not prohibit necessary care. It will “save lives by ensuring that doctors are equipped with accurate knowledge of the state’s Pro-Life laws,” she said.

    The bill also states that doctors may speak openly with patients and legal counsel about abortion exceptions without being accused of “aiding or abetting” an abortion, as CatholicVote noted.

    If signed into law, the Life of the Mother Act will go into effect Sept. 1.

    LifeNews Note: Grace Porto writes for CatholicVote, where this column originally appeared.

    The post Texas Senate Passes Bill Confirming Abortion Ban Doesn’t Deny Women Emergency Medical Care appeared first on LifeNews.com.

  15. Site: non veni pacem
    3 days 10 hours ago
    Author: Mark Docherty

    Download MP3 File

    In this barn-burner episode, Art and Ann are joined by NonVeni Mark and Dr. Mazza for a wide-ranging conversation about the upcoming Conclave, its validity, historical precedents, possible nefarious dark horse candidates, and cautious optimism and faith in the visibility and continuity of Jesus Christ’s Holy Church, outside of which there is no salvation.

    To every Cardinal, Prelate, and Cleric who has spent the last twelve years repeating incessantly, “We just have to wait for Bergoglio to die…”, a weary world cries out in unison the immortal words of Judge Elihu Smails:

     

    Dr. Mazza’s Current Mini-Course – The Next Pope: Apostasy or Hope?

    Dr. Mazza’s Upcoming Class: Converts to the Catholic Church

    Fr. Z’s and Cardinal Burke’s beautiful prayers for the Conclave and the Papacy

    Fr. Z’s excellent piece on why this upcoming Conclave is presumed valid

    CollegeOfCardinalsReport.com

    Leftist Cardinal Sturla wiki page

    Leftist Cardinal Prevost wiki page

    Council of Constance NewAdvent encyclopedia page

    Papal Election of ARSH 1130 wiki page

    “Psuedo-Cardinal” wiki page

    Feedback: the email address for the podcast is Ann@barnhardt.biz

    The Infant Jesus of Prague handles Ann’s financial stuff. Click image for details. [If you have a recurring donation set up and need to cancel for any reason – don’t hesitate to do so!]

    img_0778.jpg
    This entry was posted in Barnhardt Podcast on May 1, ARSH 2025 by .
  16. Site: LifeNews
    3 days 10 hours ago
    Author: Rachel Quackenbush

    The Senate Foreign Relations Committee voted April 30 to advance the nomination of CatholicVote President Brian Burch as US Ambassador to the Holy See.

    The committee voted 12–10 to approve Burch’s nomination, advancing it to the full Senate for consideration. Senate Majority Leader John Thune, R-S.D., must now file a cloture motion to end debate. A final vote will follow. Usually, final votes take place within two hours after such motions.

    The committee had been scheduled to vote on the nomination earlier in the day, but the meeting was delayed after several Democratic senators failed to appear.

    Click Like if you are pro-life to like the LifeNews Facebook page!

    (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.10"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

    “Democrats have been slow-walking every nominee, refusing to give President Trump the highly qualified personnel he is requesting,” CatholicVote’s Director of Government Affairs Tom McClusky said. “It is time for the Senate Majority Leader to play hardball and take away the senators’ Fridays and weekends.”

    Burch’s confirmation process comes at a particularly important moment: With the conclave to elect a new pope set to begin next week, the Vatican is in a period of transition. The ambassador to the Holy See plays a crucial role in representing the US during such pivotal times for the global Church.

    CatholicVote Vice President Josh Mercer welcomed the committee’s decision.

    “Congratulations to our own Brian Burch! He’s one step closer to being President Trump’s ambassador to the Holy See,” he said.

    Mercer acknowledged that the confirmation process could still take time, given the often slow pace of Senate procedures.

    “Once confirmed, Brian will have to step down from his position at CatholicVote,” Mercer continued. “It sounds strange to say it, but we’re looking forward to the news that Brian is leaving us. That’s because that will mean our prayers were answered, and Brian will be able to begin his important role representing our nation at the Vatican.”

    He emphasized the timing, noting the dual significance of a vacant ambassadorial post and a vacant papal chair.

    “We hope the senators will soon recognize that having a strong U.S. presence in Rome during the conclave and the welcoming of a new pope would send a positive signal about the importance of U.S. relations with the Vatican,” Mercer said.

    “Please join us in prayer for a speedy confirmation vote,” he concluded. “Brian deserves it. And America deserves him as ambassador.”

    LifeNews Note: Rachel Quackenbush writes for CatholicVote, where this column originally appeared.

    The post Senate Committee Confirms Pro-Life Leader as Trump’s Vatican Ambassador appeared first on LifeNews.com.

  17. Site: Zero Hedge
    3 days 10 hours ago
    Author: Tyler Durden
    This Was Chosen As 'Photo Of 2024' By TDS Impaired Media...

    Authored by Steve Watson via Modernity.news,

    What was the undeniable best photo of 2024?

    The image of President Trump, fist raised in defiance, still alive after being shot with blood streaming down his face, Secret Service members rushing him to safety as he screamed “FIGHT, FIGHT, FIGHT.”

    Yeah, that was objectively the photo of the year. Perhaps photo of the decade, perhaps of the century.

    Republican presidential candidate former President Donald Trump raises his fist as he is rushed off stage after an assassination attempt during a campaign rally in Butler, Pa. @apnews pic.twitter.com/VoAYqRC4QV

    — Evan Vucci (@evanvucci) July 14, 2024

    However, because the legacy media is so riddled with leftist activists suffering from stage 5 Trump Derangement Syndrome, they decided it wasn’t photo of the year.

    Instead, the White House Correspondents’ Association picked a black and white photograph of pudding brain Joe Biden dementia shuffling away from a podium, presumably lost as usual.

    Left: photo of the year, according to the White House Correspondents’ Association.

    Right: photo of the year , according to anyone with a functioning brain cell. pic.twitter.com/jjnp8vLnAi

    — Legal Phil (@Legal_Fil) April 28, 2025

    Yes, really.

    It’s not even a good photograph.

    It’s taken from too far away and on a smaller device you have to zoom in to see who the subject is. 

    It also has no remarkable context. It’s just Biden doing an everyday activity that he did for years.

    The description states:

    The WHCA award for presidential news coverage by visual journalists, which recognizes a video or photo journalist for uniquely covering the presidency at the White House or in the field went to Doug Mills of The New York Times for an image taken of former President Joe Biden as he wrestled with historic challenges, including international crises, amid calls for him to end his reelection campaign.

    “Wrestled”? “Historic”?

    Come on.

    The Trump photo wasn’t even given an honorable mention. That went to a photo of Elon Musk jumping in the air with a grin on his face at the second Butler Trump rally.

    Again, presumably because they also hate him so much.

    It is so utterly preposterous that it is a perfect distillation of everything wrong with our media.

    Insular, driven by pique, willing to look like fools if it means not doing anything that might be to Trump’s benefit—but ultimately magnifying what they are trying to hide.

    — Legal Phil (@Legal_Fil) April 28, 2025

    That is probably the number 1 comment I’ve received, so it definitely is not you!

    — Legal Phil (@Legal_Fil) April 29, 2025

    You don’t have to like Trump to recognize that this photo is iconic.

    Theirs is a very toddler view of the world.

    — Jason Hamby (@IPAzRGR8) April 29, 2025

    That is why the honorable mention was of a photo of Trump’s October rally in Butler.

    I understand thinking is difficult, but no need to involve me in your struggles.

    — Legal Phil (@Legal_Fil) April 29, 2025

    If they wanted a Biden photo for photo of the year, this is the one they should have used: pic.twitter.com/7q24ZveHkg

    — Louis Dunn (@LouADunn) April 29, 2025

    First time seeing the Biden's picture. That is how irrelevant it was.

    — Jeremy Pacheco (@Jeremypacheco) April 29, 2025

    The second photo, with a person raising their fist before an American flag, feels more emotionally authentic due to its vibrant, unscripted energy, evoking triumph and solidarity. The first photo, a formal White House scene, conveys historical significance but may seem staged,…

    — Grok (@grok) April 30, 2025

    Ridiculous – but appropriate they would select Biden, head down, walking away in shame!

    Trumps photo by far is photo of the year!

    — AuntLizR (@r_aunt2512) April 29, 2025

    Should have been this one for Biden. pic.twitter.com/sUYcCbEpDi

    — Carlton Hinds (@methuselaschild) April 29, 2025

    The one on the left does capture Biden's mental deficiencies as he walks into a fireplace.

    — Mb78 (@Mb7877907854) April 29, 2025

    *  *  *

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

    Tyler Durden Thu, 05/01/2025 - 09:25
  18. Site: Ron Paul Institute - Featured Articles
    3 days 10 hours ago
    Author: Andrew P. Napolitano

    Last week the FBI arrested a Wisconsin state judge as she was walking into the courthouse where she works. The feds had alerted the media — but not the judge — to this event, and they arrived and recorded the arrest.

    The standard and preferred practice when arresting a nonviolent person who is a public official with deep roots in the community is to invite the person to surrender with counsel.

    Instead, without notice, this judge was stopped on a public street, handcuffed behind her back — a technique reserved for the most dangerous or threatening individuals — and within minutes, the FBI Director himself had posted still photos of this event on his X account.

    The feds were unhappy at the manner in which a criminal defendant before this judge was permitted to leave her courtroom. By leaving through a nonpublic exit, instead of through the doors where the feds were awaiting him, his departure frustrated the feds who apparently expected the judge to accommodate them. The technical charge against the judge is obstructing the administration of justice. The true charge was failing to aid the feds.

    Here is the backstory.

    The feds have grown accustomed to commandeering the states to provide assistance when needed — and many states routinely complied. They did so either out of a sense of common purpose or because the feds had bailed them out financially.

    Two Supreme Court cases, with largely compatible results, tested this relationship. The first, South Dakota v. Dole (1987), addressed the strings attached to the grants of federal funds to the states. Congress wanted to lower speed limits on highways and decided to bribe the states in order to achieve that goal. It offered huge amounts of cash for paving state and federal highways in return for reducing speed limits to 55 miles per hour.

    When South Dakota told the feds that it would take the cash but not the lower speed limits, the Supreme Court ruled that so long as the strings attached to the financial grants are rationally related to the purpose of the grants, the strings are lawful and enforceable. So, South Dakota then took the cash and reluctantly lowered its speed limits.

    Ten years later, Congress enacted gun regulations and ordered the states to enforce them. In a case called Printz v. United States (1997), the late Justice Antonin Scalia wrote for the Supreme Court that the states are still sovereign, they can reject federal cash and federal strings, and the feds cannot commandeer their officials. The federal government, the court held, is one of limited constitutional powers, and the power to commandeer state officials is not among them.

    Both of these rulings unambiguously recognized the sovereignty of the states. The South Dakota case led to vastly more congressional bribery — the states today simply do not refuse federal cash. The Printz case led to federal frustration. That frustration boiled over outside a Wisconsin courthouse last week when the feds did what was surely unthinkable to Justice Scalia — arresting a sitting state judge who refused to be commandeered by the feds.

    Judge Hannah Dugan was presiding over an arraignment for a non-incarcerated defendant when her court officers told her that the feds were in the courthouse hallway seeking to arrest the defendant in her courtroom, and the feds were growing impatient. When she asked to see their arrest warrant, they had none. Instead of an arrest warrant issued by a judge, as the Fourth Amendment requires, they presented an administrative warrant in which one federal agent authorizes another to arrest a person in a public place.

    Judge Dugan shares the view of your author that the Fourth Amendment means what it says and thus administrative warrants are blatantly unconstitutional, and she would not recognize it. The purpose of the amendment is to ensure that only judges order arrests. When her business with the defendant in her courtroom was completed, she asked him to leave through the exit used by jurors, which was not accessible to the feds.

    She did not inform the defendant that the feds were looking for him, but he apparently sensed that something was up; and when he left the courthouse and was met by feds who were waiting for him, he ran. A brief chase ensued, but the six feds captured the one defendant.

    A week later, Judge Dugan was arrested for obstruction of justice.

    Her arrest implicates not only the Supreme Court cases above — Wisconsin never agreed to have its officials assist the feds in immigration enforcement in return for federal cash, and the feds cannot commandeer state officials, judges or police, to assist them — as well as the recent Supreme Court decision on immunity. Though that case addresses presidential immunity, it is instructive on the nature of government in America. It teaches that government officials cannot be criminally prosecuted for the exercise of their core functions.

    So, if the Secretary of Defense directs Air Force jets to attack a structure in a foreign country he mistakenly identifies as military but which turns out to be civilian, he cannot be prosecuted for homicide. If FBI agents raid and destroy the wrong house, they cannot be arrested for breaking and entering. And if a judge tells a defendant to leave her courtroom from door A and not door B, because behind B are folks with a phony warrant, she cannot be prosecuted.

    This is bigger than Judge Dugan. We are witnessing an unprecedented assault on the separation of powers and the concept of federalism by a White House impatient with the constitutional process and largely indifferent to the role and function of the judiciary. The role of the judiciary is to be anti-democratic — to protect lives, liberties and properties from the other two branches.

    If the feds succeed in intimidating judges and bending them to the presidential will, our liberties will have no protection.

    To learn more about Judge Andrew Napolitano, visit https://JudgeNap.com.
    COPYRIGHT 2025 ANDREW P. NAPOLITANO
    DISTRIBUTED BY CREATORS.COM

  19. Site: Zero Hedge
    3 days 10 hours ago
    Author: Tyler Durden
    Kremlin Reacts To Minerals Deal Signing: 'Trump Has Broken The Zelensky Regime'

    The Kremlin has said that what the newly signed minerals deal between Ukraine and Washington does is effectively force Kiev to pay for all future military aid.

    "Trump has broken the Kyiv regime to the point where they will have to pay for U.S. aid with mineral resources," Medvedev, a former Russian president and current deputy chairman of Russia's Security Council, stated on Telegram.

    Treasury Secretary Scott Bessent and Ukrainian Economy Minister Yulia Svyrydenko sign the deal. US Department of the Treasury/Reuters

    "Now they will have to pay for military supplies with the national wealth of a disappearing country," he said of the Ukrainians.

    As of yet, the full contents of the newly inked deal, finalized and signed late in the day Wednesday, have not been revealed, but it gives the United States preferential access to new Ukrainian minerals deals and its natural resources like oil and gas, and will fund investment in Ukraine's reconstruction.

    But the Zelensky government was able to get something crucial dropped at the last minute. As CNN details, "Compared to earlier drafts, the final agreement is reportedly less lopsided in favor of the US and is not as far-reaching. It stipulates that future American military assistance to Ukraine will count as part of the US investment into the fund, rather than calling for reimbursement for past assistance."

    President Trump's initial reaction after the signing was seen in the following:

    Speaking Wednesday in a call with NewsNation, Trump said he made the deal to “protect” Washington’s contribution to the Ukrainian war effort. “We made a deal today where we get, you know, much more in theory, than the $350 billion but I wanted to be protected,” Trump said.

    “I didn’t want to be out there and look foolish,” he continued, voicing the administration's longtime complaints that Zelensky only asks for "more and more" - and yet is still losing the war.

    Meanwhile, the ceasefire process is still basically stalled, as neither side has backed off of their demands and conditions. President Zelensky has recently reiterated that he can't even legally give up Crimea.

    However, Trump presidential special envoy for Ukraine and Russia Keith Kellogg has told Fox News that Ukraine is ready to make territorial concessions, but wouldn't see any ceded territory as a permanent situion. 

    Treasury Secretary Scott Bessent says the signing of the "minerals deal" shows there is "no daylight" between the US and Ukraine. So that's a disappointment for anyone who might have wished for greater daylight between the US and Ukraine

    — Michael Tracey (@mtracey) May 1, 2025

    "Not de jure forever, but de facto, because the Russians actually occupy that and they've agreed to that. They know that if they have a ceasefire in place, which means you sit on the ground that you currently hold, that's what they're willing to go to," the envoy said. "You have your line set, and they're willing to go there," Kellogg emphasized. 

    But it's clear the Kremlin sees this as an issue of sovereignty and permanence, given President Putin has described the four annexed territories and Crimea as "ours forever".

    Tyler Durden Thu, 05/01/2025 - 09:05
  20. Site: Mises Institute
    3 days 11 hours ago
    Author: Mathias Kuehlcke
    In a libertarian world, the streets and highways would no longer be state-owned, but instead managed by private entities such as companies and cooperatives. How might this work?
  21. Site: Mises Institute
    3 days 11 hours ago
    Author: Llewellyn H. Rockwell Jr.
    If we accept the Peronist views of the late pontiff, we obviously cannot support the marketplace. But fortunately, there is a better option available to us.
  22. Site: Saint Louis Catholic
    3 days 11 hours ago
    Author: thetimman

    Waiting

    Seeing

    Praying

    Let’s pray harder

    St. Joseph Opificis, Terror of Demons and Protector of Holy Church, pray for us!

  23. Site: PaulCraigRoberts.org
    3 days 11 hours ago
    Author: pcr3

    After 100 Days Where Are We?

    Paul Craig Roberts 

    About a month or so ago on March 23 I posted on this website my memoir of my time in the Reagan administration which had just been published in The Independent Review, a readable quarterly.  I expected to hear more than I did in response to my memoir, because I spelled out how difficult it is for a presidential appointee to actually support the policy of the President.  https://www.paulcraigroberts.org/2025/03/23/my-time-in-the-reagan-administration/ 

    Then it occurred to me that the Reagan administration was a long time ago, 1981-1988. President Reagan’s term ended 37 years ago.  So an American 50 years old today was 13 years old when Reagan’s second term ended.  He was 5 years old when Reagan was elected president. A 50 year old American never experienced the Reagan administration. A 60 year old American was only 15 when Reagan took office. The vast majority of Americans alive today know nothing of the Reagan administration except the accounts of the presstitute media and historians grinding ideological axes.  Yet, somehow, Americans say they miss Reagan, the last American president.  

    With Trump’s first 100 days behind us,  MAGA Americans are touting his successes and the Democrats are multiplying his “failures.”  

    Let me tell you about a real successful president–Ronald Reagan–Perhaps the only successful president in the 20th century. Reagan had two major successes.  I know because I was part of them.  Reagan cured stagflation–the simultaneous rise of inflation and unemployment– with his supply-side policy, and he ended the Cold War with the Soviet Union.  Tell me, what American president has had such extraordinary successes?

    Reagan’s success was covered up with media hype about “the teflon President,” with the neoconservatives’s Iran/Contra scandal, with “the Reagan deficits” that belong to David Stockman and Paul Volcker.

    American historians, academics who guarantee their careers by justifying the various atrocities their governments commit, rank the top five US presidents as Abraham Lincoln, George Washington, Franklin D. Roosevelt, Theodore Roosevelt, and Dwight D. Eisenhower in that order. https://www.c-span.org/presidentsurvey2021/?page=overall 

    Lincoln destroyed the Constitutional framework based on states’ rights as designed by the Founding Fathers.  Lincoln introduced war against civilians as an essential part of war against the opposing army. Today the International Criminal Court would recognize Lincoln as a war criminal and issue arrest warrants.

    Thomas Jefferson, who wrote the Declaration of Independence, ranks 7 after Harry S. Truman, who nuked two Japanese civilian cities while the Japanese government was pleading with Washington for peace.

    John F. Kennedy comes in 8th, Ronald Reagan 9th, Barack Obama, who bombed 7 countries comes in 10th, and President Lyndon Johnson–“LBJ, LBJ, How Many Kids Did You Kill Today”–comes in 11th.

    What we see here are the liberals, not willing to dethrone the first American president, or a Founding Father who wrote the Declaration of Independence, or John F. Kennedy a martyr, or Reagan whose popularity remains high, shielding themselves from partisanship by including Jefferson, Kennedy, and Reagan in the second tier of successful presidents..

    Lincoln destroyed the US Constitution which is based on states rights.  He conducted a war of war crimes against an agricultural society that could not afford to pay the Morrill Tariff in order to industrialize the North at the expense of the South. No sooner than the South was destroyed, the Union launched a war of extermination against the native American Plains Indians, the same Union Generals–Sherman and Sheridan–the same Union soldiers that raped and pillaged the South repeated the application to the remaining Native Americans.  As Lincoln’s reward for genocide, he is voted by American historians as the best ever–the Number One-of all American presidents.

    Franklin D. Roosevelt gets the third ranking, because he replaced the power of Congress with the power of regulatory agencies.

    Theodore Roosevelt is bestowed the 4th ranking because he established the American policy of empire and hegemony.

    One assumes Eisenhower’s fifth rank is because he is alleged to have won World War II for the US.

    Truman is 6th because he nuked Japan, thus putting the Soviet Union on notice.

    If you look at these achievements, Washington and Jefferson, aside, Ronald Reagan at number 9 on the list is the only one who rescued America from an economic catastrophe and a Cold War that could have turned hot.

    Liberals and what passes for a left-wing say that Reagan was just another fake, another warmonger committed to the Soviet Union’s destruction.  But a president who was a fake would never, ever, put me in charge of his  economic policy, nor would he appoint me to a secret presidential committee to verity or disprove the CIA’s argument against ending the Cold War. I am the last person on earth that a fake President wants to hand a Presidential Appointment or a decision on a critical foreign policy issue.

    So, now that we have all of the congratulatory and denunciatory accounts of Trump’s 100 Days, what do they mean?  

    Trump did a good thing in service to justice when he pardoned and released from prison the framed-up-by-the-Biden-anti-American-regime American citizens who used their Constitutional rights to protest a stolen presidential election.  But the corrupt persons who framed up innocent Americans have not been arrested and indicted, as they should be.  Why is Trump focused on Ukraine rather than on those who framed innocent Americans as “insurrectionists”?

    The Democrats have shown that they will strongly resist Trump’s rollback of the legal privileges Democrats created for DEI-designated-persons and for immigrant-invaders. Democrat district court judges, the lowest of the low, have claimed the right to decide the power of the President of the United States to govern. Trump’s reply is that he abides by judicial rulings. Trump is relying on the Supreme Court to overturn the district  courts, but if that doesn’t happen, will Trump fight?

    Trump himself makes deals with Zelensky and claims they are deals Putin must accept. This is nonsensical. The conflict is between the US and Russia.  The deal has to be made between Trump and Putin.

    The real problem is the  neoconservative doctrine of American hegemony  As long as American foreign policy is based on Paul Wolfwitz’s doctrine, there can be no peace.

    Trump has not repudiated the doctrine of American hegemony.  Until he does, how can Putin trust him?

     

      

  24. Site: PaulCraigRoberts.org
    3 days 11 hours ago
    Author: pcr3

    Is the Purpose of the Peace Negotiations to Sequence the West’s Wars with Russia and China?

    Paul Craig Roberts

    President Putin’s National Security Advisor Nikolay Patrushev recently stated that, Ukraine negotiations notwithstanding, the West is “deploying their military machine against Russia and becoming delirious with nuclear apocalypse scenarios.” 

    ”For a second consecutive year, NATO is conducting exercises at our borders at a scale unseen in decades,” Patrushev said. “They are training for conducting a broad offensive from Vilnius to Odessa, seizing [the Russian exclave] Kaliningrad Region, imposing a naval blockade in the Baltic and the Black Seas, and executing preventive strikes on the staging locations of Russian nuclear deterrence forces.”

    https://www.rt.com/russia/616473-patrushev-nuclear-conflict-west/ 

    Reports are emerging from Russia that Putin wants a Ukrainian settlement so that Russia can prepare for a war that the West is bringing to Russia in three years when the British, French, Poles, and Germans are  prepared.  Putin wants to disengage from Ukraine in order to prepare for the real thing.    

    If Israel succeeds in getting Trump to attack Iran, the timetable will be thrown off.  

    Unless President Trump and the US Congress renounce US hegemony and declare America’s independence from Israel, no peace is possible.

    I discuss with Nima on Dialogue Works whether the “peace negotiations” are a technique to move Russia aside while Washington takes on China:  https://www.youtube.com/live/9DqDUqoVZI0 

  25. Site: PaulCraigRoberts.org
    3 days 11 hours ago
    Author: pcr3

    Weaponizing Anti-Semitism

    The Jew cries out in pain as he strikes you.
    Polish proverb

    British Labour Leader Jeremy Corbyn was removed by anti-semitism accusations.

    Jewish journalist Simon Heffer announced on radio that Corbyn “wanted to re-open Auschwitz.”

    British PM Starmer’s “first act as Labour leader was not to address the conditions of the working class, but to reassure “the Israel Lobby that they were back in the driver’s seat.”

    Starmer invited an Israeli spy to head British surveillance of citizens on social media.  The anti-semitism cases brought against British citizens are now prepared by an Israeli.  

    Free speech originated in Britain, and it has died there. British citizens can no longer make any critical remark that pertains to Jews, Muslims, Arabs, blacks, or Asians unless they are Chinese, Japanese, or North Koreans.

    President Trump is now applying the same standard to American universities and their students.  Leaders such as Starmer and Trump who do not respect free speech do not respect democracy.  

    https://www.unz.com/article/trial-by-jewry-asa-winstanley-on-weaponizing-anti-semitism/ 

  26. Site: Catholic Herald
    3 days 11 hours ago
    Author: Serenhedd James

    Every so often there comes a moment in history when the world’s entire attention is focused on a particular event or person – the death of a pope is one such example. When Pope Francis appeared to give Urbi et Orbi on Easter morning, and to be driven around St Peter’s Square for what would be the final time, he looked so unwell that it seemed obvious that he would not live much longer. With impeccable timing, which could hardly have been more dramatic, he died that night; the last act of this Servant of the Servants of God was to impart his apostolic benediction to Rome and the world beyond its gates.

    The response to his death has been remarkable; an international outpouring of tangible grief accompanied by a generally sincere yearning for information. Very quickly requests arrived for interviews from local and international broadcasters – from the UK, Australia and the United States. I did my best to accept as many as possible, and found the experience extremely varied. As we have covered online and in these pages, Pope Francis’s character was a fascinating combination of openness and inscrutability – and occasionally of contradiction, too. For many of my interlocutors this seemed to come as something of a surprise.

    Meanwhile, with my historian’s hat on, what was particularly fascinating was the response of the British establishment. The King – the Supreme Governor of the Church of England, and successor of Henry VIII – released a heartfelt tribute and conducted official engagements in mourning dress. Flags were flown at half-mast on government buildings, as indeed they also were in the United States. Meanwhile, the Archbishop of York – both the papacy and the See of Canterbury are simultaneously vacant for the first time since 1691 – publicly prayed for the repose of Pope Francis’s soul. What was that about a Reformation?

    The reaction online, in an arena that Pope Francis inhabited so effectively, was immediate; so too was the speculation, sometimes frenzied and in many cases perhaps rather too soon for good taste, about who his successor might be.

    The Guardian reported that online viewing of Edward Berger’s recent film Conclave, which won best picture at the Baftas and was nominated for eight Oscars, soared by 283 per cent in the days following his death.

    As this month’s May edition of the Catholic Herald magazine went to press, the focus in Rome was on the lying-in-state and the papal funeral; very soon it will shift to the conclave, and by the June issue we will almost certainly know who will come next. We will know, too, what his papacy will be like from the moment his name is announced by the senior cardinal deacon: Francis II? Benedict XVII? John Paul III? Pius XIII has surely been ruled out by Jude Law in The Young Pope.

    The betting shops wasted no time in publishing their odds, either. Placing a wager on the outcome of a conclave used to be an excommunicable offence, but names have risen and fallen in the rankings like horses at the Derby – some of the touted papabili found themselves mobbed like celebrities in the streets of Rome. Will the next pope come from Asia or Africa? Will the electors think that after five decades, it is time for an Italian to be Bishop of Rome? Will he be well known, like some of the prefects of dicasteries, or from the peripheries of the Church, which Pope Francis loved so well? At the time of writing, God alone knows.

    What is certain, however, is that he will have his work cut out. Among other things, whoever appears on the balcony of St Peter’s Basilica in due course will have to contend with the near-collapse of the Church in her traditional heartlands, bring peace once more in the liturgy wars, continue to work on reforming the Vatican’s finances, and move heaven and earth to tackle decisively and effectively the suppurating scandal of abuse. And all this he must do as a febrile world teeters on the edge of further violence and instability – as if personal responsibility for 1.4 billion souls were not already burden enough.

    Photo: Pope Francis prays in front of the statue of the Immaculate Conceptionon at Spanish Steps, Rome, Italy, 8 December 2013. Following a tradition laid out by his predecessors, Pope Francis celebrated the Feast of the Immaculate Conception by travelling to Spanish Steps where he venerated the statue named for the Marian Feast. The statue of the Immaculate Conception was consecrated on 8 December 1857, several years after the dogma which states that Mary was conceived without the stain of original sin was adopted by the Church. (Photo by Franco Origlia/Getty Images.)

    This article appears in the May 2025 edition of the Catholic Herald. To subscribe to our thought-provoking magazine and have independent, high-calibre and counter-cultural Catholic journalism delivered to your door anywhere in the world click HERE.

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    The post Taking personal responsibility for 1.4 billion souls: the spectacle gripping the world first appeared on Catholic Herald.

    The post Taking personal responsibility for 1.4 billion souls: the spectacle gripping the world appeared first on Catholic Herald.

  27. Site: LifeNews
    3 days 11 hours ago
    Author: Helen McLeod Rogers

    My husband and I have been involved in starting crisis pregnancy centers in several counties in North Carolina. Ed is a pastor and we felt the call to come to Fayetteville, North Carolina. We started the Agape Pregnancy Support Services in a house on Cedar Creek Road. After we had been there for two years something happened to change our location.

    Fayetteville was the home of an abortion clinic that had been there for twenty-seven years. Many thousands of babies died in that clinic. Many Christians in the community would drive by the clinic and pray that the doors would close. God did answer their prayers and the doors of the clinic closed. The building was abandoned and the homeless would sneak into the building at night. It was a horrible place.

    One night I was restless so I decided to read. My daughter had given me a book called “The Dream Giver” by Dr. Bruce Wilkerson. In the book the author talks about getting out of our comfort zone and walking in faith. The next morning God asked me to get out of my comfort zone and go purchase the old abortion clinic. I told God I didn’t want that building. I asked if He didn’t have a new building we could have.

    I said, “Lord this is a place of death.”

    God said, “I have a special plan for this place. I am going to take back what Satan has used for evil and redeem it. I will bring life from this place and it will bring glory and honor to me.”

    I called the number on the building and asked the price. The price was $120,000.

    I reminded God that I was a kindergarten teacher and I only had a few dollars until payday. I knew that God would have to provide the money. God promised if we walked by faith, He would provide the money.

    HELP LIFENEWS SAVE BABIES FROM ABORTION! Please help LifeNews.com with a donation!

    Ed and I went to the old building; it was a horrible mess.

    It was trashed with drug needles; beer, wine, and liquor bottles; rags, condoms, and human feces where the homeless had stayed. The windows were boarded up and it was very dark. We walked into the building carrying flashlights. You could feel the demonic powers in the place. We walked through the building shining the light into each room. each room had a plan and God revealed what it would be used for. At the back of the building, there were two procedure rooms with Formica walls and drainage in the floor. One procedure room had equipment left with blood on it and blood on the Formica walls. I stood at the door feeling as if I was going to throw up.

    God said, “You have to go into the room. You must feel what I feel.”

    As I walked into the room, I could feel the pain and sorrow. I heard the babies crying because they didn’t get to live the life God had planned for them. They were also crying because they missed their moms. I heard the moms crying because they had killed their children. The third voice I heard in the room was my Lord and Savior weeping for all that was lost. My answer was “Yes”. He reminded me that it would be hard and the cost would be great. The answer was still “Yes!”

    One month later my mom died. God revealed that these two procedure rooms would be an ultrasound room and the other a chapel. The chapel would be a place for women to come and find forgiveness for their abortions. It would be a place to come out of the darkness into the light of Jesus. A man in our church did purchase the building and we make payments each month. (Today, the mortgage is paid off.) We started working on the building. We anointed every room in the building. We prayed, painted, and cleaned all for the glory of Jesus.

    The first room to get the boards off the windows was the chapel. As the boards came off, the light of Jesus flooded the chapel and the building. You could feel that Jesus had reclaimed what the enemy had for a season.

    I told my husband, “Look Honey, there goes the Devil with his packed bags and he will not be coming back to this place.”

    The Agape Pregnancy Support Services is on the tough side of town. We have prostitutes, drug addicts, pimps, and the homeless walking the street in front of the building. I had a dear Christian lady ask me if I knew what side of town the center was in. I smiled and said, “Yes, I do. I am exactly where Jesus would be.” We know that God has placed us in this place. We are able to minister to the people of the streets and our clients. I see God taking people from death to life eternally just as He did with this old abortion clinic. God is the author of Life both physical and eternal.

    LifeNews Note: Helen McLeod Rogers is the director of Agape Pregnancy Support Services in Fayetteville, North Carolina.

    The post This Was an Abortion Center, Until a Christian Family Bought It and Dedicated It to God appeared first on LifeNews.com.

  28. Site: Zero Hedge
    3 days 11 hours ago
    Author: Tyler Durden
    Jobless Claims Jumped Last Week As 'DOGE Actions' Spark Biggest YTD Layoffs Since 2020

    So far this year, employers have announced 602,493, the highest year-to-date total since 2020 when 1,017,812 job cuts were recorded, according to the latest data from global outplacement and executive coaching firm Challenger, Gray & Christmas.

    It is up 87% from the 322,043 cuts announced during the same period in 2024.

    The Government leads all sectors in job cuts this year with 282,227; 281,452 of which are attributed to DOGE-related cost-cutting. 

    This is up 680% from the 36,195 job cuts announced in this sector through April 2024. In April, the number of job cuts announced in this industry was 2,782. DOGE actions were attributed to 2,731, while the rest were attributed to “Economic Conditions” and “Cost-Cutting.”

    • “DOGE Actions” lead all job cut reasons in 2025 with 283,172; 2,919 of which occurred in April. Another 6,945 cuts were attributed to “DOGE Downstream Impact” through April, primarily at Non-Profits and Education organizations. These reasons combined (290,117) make up 48% of all job cuts announced so far in 2025. 

    • Market/Economic Conditions were cited for 95,348 job cuts, as economic uncertainty, consumer spending, and trade difficulties impact US-companies. 

    Tariffs were cited for 1,413 cuts so far this year, with 1,350 occurring in April. Restructuring accounted for 67,627, and 60,551 were due to store, unit, or location “Closing.”

    This weak labor market data comes on the heels of yesterday's dismal ADP Employment report.

    This morning we see initial jobless claims jump notably too - to 241k (higher than the 223k expected). While not out of recent norms, this is a sizable jump...

    Source: Bloomberg

    Interestingly, New York dominated the surge in initial claims...

    Continuing jobless claims also surged last week, back above 1.9 million Americans - its highest since Nov 2021...

    Continuing claims for the 'Deep TriState' rose significantly last week...

    Source: Bloomberg

    As SouthBay Research highlights, the ~80K jump in Continuing Claims is relatively broad, with core drivers being New York (+14K), California (+9K), Connecticut (+5K), New Jersey (+4K), Texas (+6K). 

    This most definitely points to economic headwinds translating into lower payrolls

    While the 1-week 80K jump stems mainly from the seasonal adjustments (Non Seasonally Adjusted Continuing Claims rose 26K), it clearly points to lower hiring underway in the first 2-weeks of April. Precisely when the Nonfarm Payroll Survey was done.

    Still, in context, it seems CEOs are all willing to whine about the economy but their actions speak louder than their words...

    Though the Government cuts are front and center, we saw job cuts across sectors last month. Generally, companies are citing the economy and new technology. Employers are slow to hire and limiting hiring plans as they wait and see what will happen with trade, supply chain, and consumer spending,” Andrew Challenger, Senior Vice President and workplace expert for Challenger, Gray & Christmas.

    ...and none of this is a good sign for tomorrow's all-important payrolls print.

    Tyler Durden Thu, 05/01/2025 - 08:39
  29. Site: Catholic Herald
    3 days 11 hours ago
    Author: Ken Craycraft

    In 1955, Pope Pius XII instituted the Feast of St Joseph the Worker as an intentional answer to the Communist inflected “International Workers’ Day”. His purpose was to reclaim the nature and purpose of work, rooted in a proper understanding of God, man and society. Pius affirmed the dignity of work without the pernicious baggage of atheistic materialism. While the 1 May feast celebrates St Joseph, it is also an opportunity to reflect upon work as a participation in the creative nature of God. God is the first “ working man”, and His work gives us a foundation for understanding the role of labour in our own lives.

    As Genesis 2:2 explains, creative work is “natural” to God. And because the human person is made in the image and likeness of God, we can deduce that one aspect of that image and likeness is that man is also ordered in his essential nature to work. We learn what the image of God is by observing what God does. God works, and we are made in His image; therefore, we are made for work as a natural aspect of our being. And because God Himself is the first worker, we can see the inherent dignity in work. This dignity is expressed in the very ability of man to work, and thus to contribute to his own personal development.

    But many people who read this will say to themselves, “My work is not very dignified.” It is true that for many people work is a tedious, arduous grind rather than a dignified activity. This does not refute the natural, inherent dignity of work, however. Rather, the drudgery of work is yet another result of the fall of the human person, which is so pervasive that it involves all aspects of our lives. The essence of the fall is the rejection of the natural end of the human person as ordered toward God. Indeed it is the rejection of God as man’s final end. But if this most fundamental relationship is now disordered, it “naturally” follows that all other aspects of human life are also disordered. This includes our relationship to work or even work itself.

    Another name for this disorder is “alienation”. When we alienate ourselves from God, we are disordered from our true end and purpose. Thus, we are alienated and disordered from every other good that is natural to the human person, including work. In this context, the word “alienation” is particularly appropriate, as it not only describes the state of man in The Fall, but also one of the fundamental challenges to a theology of work in the modern context.

    A theology of work must begin with the fundamental problem of alienation and how it can be resolved. Whether from his employer, his fellow employees, or the labour of his hand or intellect, alienation is at the heart of the Marxist criticism of the industrialised economy. And, indeed, these are serious problems to which Marx was correct to call our attention. Unfortunately, he was wrong about the causes and remedies for this alienation.

    The specific expression of our alienation to work after The Fall is illustrated in Genesis 3, when God announces the effect of the new state of disorder. “Cursed be the ground because of you,” He declares. “In toil shall you eat its yield all the days of your life. Thorns and thistles shall it bring forth to you…By the sweat of your face shall you get bread to eat” (Genesis 3:17-19a). Similarly, after Cain slays Abel in Genesis 4, God tells Cain: “If you till the soil, it shall no longer give you its produce” (Genesis 4:12). Thus Cain was alienated from his proper and natural end of cultivating the earth and forced to wander as an alien in the land.

    Alienation from work is a common experience of many people (even for those who have not killed a sibling). But, like all aspects of human life, God has redeemed work in the life, death and resurrection of Christ. Christ came to reorient us toward the Father and, thus, to reorder and restore our lives to their proper ends and purposes, both natural in this life and supernatural in the life to come.

    One aspect of the former is that God has given us a renewed understanding of the nature and purpose of work, as well as the theological resources to articulate a revival of the dignity of all work. In the context of our redemption in Christ, even work that does not seem to be very dignified can be ordered toward its proper ends and purposes, thus retrieving and reviving its dignity.

    This brings us back to the Feast of St Joseph the Worker. In St Joseph, we have a model of quiet, dignified work that serves the higher purposes of God’s redemptive activity in the world. God commissioned Joseph to work; Joseph’s work contributes to God’s own.

    Photo: (Photo by Eva Marie UZCATEGUI / AFP) 

    This is an edited extract from Dr Craycraft’s Citizens Yet Strangers: Living Authentically Catholic in a Divided America ( OSV, 2024).

    This article appears in the May 2025 edition of the Catholic Herald. To subscribe to our thought-provoking magazine and have independent, high-calibre and counter-cultural Catholic journalism delivered to your door anywhere in the world click HERE.

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  30. Site: Zero Hedge
    3 days 11 hours ago
    Author: Tyler Durden
    US Futures Surge On Blowout Tech Earnings, Erasing April's Losses

    US equity futures are sharply higher, erasing all of April's losses on blowout earnings from MSFT and META, and relief over signs the Trump administration is stepping back from its harshest tariff threats. As of 8:00am ET, S&P futures rose 1.2% to 5655, the highest level since before Trump's Liberation Day announcement and pointing to an eighth consecutive session of gains for the cash index; Nasdaq futures gained 1.7%, as META and MSFT added +6.3% and +7.8%, respectively; most Mag 7 names, NVDA (3.7%) and semis are higher given META’s CapEx increase and MSFT’s reiteration on CapEx guidance. The dollar is higher after the BOJ finally flipped dovish and slashed its growth target pushing USDJPY to 144.5 this morning. It's light on overnight news as most of Europe is closed today ex-UK along with China; US/Ukraine signed an agreement over the country’s natural resources, UK Manf PMI printed better but remained in contraction, and Trump reiterated that there is a “very good chance” of a deal with China on NewsNation last night. Commodities are mostly lower: WTI -1.2%; Gold -1.7%. The US economic calendar includes weekly jobless claims (8:30am), April manufacturing PMI (9:45am), ISM manufacturing and March construction spending (10am). Fed’s external communications blackout ahead of the May 7 FOMC meeting. Apple and Amazon results are due after the market close.

    In premarket trading, the Magnificent Seven are mostly higher: Microsoft (MSFT) gains 8% after the company reported stronger-than-expected quarterly sales and profit growth. Meta (META) jumps 6% after the company’s advertising sales quelled Wall Street concerns about the impact of the Trump administration’s trade war. Apple was the only tech giant in the red, falling 1.4% after a federal judge said in a ruling that it violated a court order requiring it to open up the App Store to third-party payment options (other Mag7s are up Nvidia +4.6%, Amazon +3.7%, Alphabet +1%, Tesla +0.7%).
    McDonald’s Corp. (MCD) declines 1.4% as sales fell in the first quarter, reflecting a deterioration in consumer sentiment that’s making it harder for restaurants to lure in diners. Eli Lilly & Co. (LLY) drops 5% after the company cut its earnings outlook. Here are some other notable premarket movers:

    • Align Technology rises 10% after the Invisalign company reported quarterly shipments that beat the average analyst estimate.
    • Confluent Inc. falls 10% after the provider of a streaming platform gave an outlook for second-quarter subscription revenue that fell shy of expectations. First quarter results showed a slowdown in additions of customers with $100,000 in annual recurring revenue.
    • CVS Health rises 8% after the company boosted its adjusted earnings per-share-guidance for the full year and reported better-than-expected results for the first quarter
    • E2open shares are up 34% after WiseTech Global, in response to media reports about its being in discussions to acquire E2open, said it was participating in a strategic review process.
    • KKR & Co. rises 2% after the investment firm reported assets under management that beat the average analyst estimate. Fee-related earnings also came in above analysts’ expectations.
    • Qualcomm falls 5% as the biggest maker of chips that run smartphones gave a tepid revenue prediction for the current quarter, underscoring concerns that tariffs will hurt demand for its products.
    • Robinhood gains 4% after the trading platform’s earnings largely beat expectations, with analysts highlighting positive trends in April amid market volatility and a boost from a lower tax rate.
    • Shake Shack falls 3% after posting first-quarter results.
    • Wayfair gains 5% after posting adjusted earnings per share for the first quarter that beat the average analyst estimate.

    Tech giants added to investor optimism that deals between the US and its partners would limit the damage from Trump’s trade war. Wall Street ended a tumultuous month on a day in which the S&P 500 erased an intraday drop of more than 2% to close 0.2% higher. Traders sought reassurance in bets on Federal Reserve easing after the US economy contracted for the first time since 2022. 

    “So far we’re seeing big tech companies deliver on earnings, which is reassuring, and it’s this reassurance which is supporting equity market futures,” said Georgios Leontaris, chief investment officer for EMEA at HSBC Global Private Banking. “The other element of the story beyond earnings is obviously the ongoing debate as to whether we’ve seen peak tariff noise or not.”

    Apple results are due after the market close. Analysts will be listening closely for any further detail on how the company, whose supply chain is reliant on China, Vietnam, and India, views the impact of tariffs

    The White House said it was nearing an announcement of a first tranche of trade deals with partners that would reduce planned tariffs. Sentiment was also helped by a report that the US has been proactively reaching out to China through various channels. At the same time, Trump said he would not rush deals to appease nervous investors.

    The US and Ukraine reached a deal over access to the country’s natural resources, offering a measure of assurance to officials in Kyiv who had feared Trump would pull back his support in peace talks with Russia.

    Elsewhere, most markets in Europe and many in Asia are shut for holidays. The UK’s FTSE 100 index was steady, following 13 days of gains, the longest winning streak since 2017. Gains in material and industrial names are offset by losses in energy and health care. 

    In FX, the Bloomberg Dollar Spot Index rises 0.3%. the yen is the weakest of the G-10 currencies, falling 0.9% against the greenback after the Bank of Japan pushed back the timing for when it expects to reach its inflation target and slashed its growth forecasts. The pound and euro are little changed.

    In rates, treasuries climb, pushing US 10-year yields down 2 bp to 4.14%. Treasury spreads remain within a basis point of Wednesday’s close, as gains remain broad-based across the curve. Gilts are steady, with UK 10-year borrowing costs flat at 4.44%. Treasury futures edge higher into the early US session, on the day’s highs with yields lower by 1bp to 2bp across the curve. US session focus includes weekly jobless claims along with both ISM and PMI manufacturing reports.

    In commodities, oil prices decline, with WTI falling 2.3% to below $57 a barrel; the drop followed the biggest monthly drop since 2021, as signs that the Saudi-led OPEC+ alliance may be entering a prolonged period of higher output added to concerns the trade war will hurt demand.  Spot gold is down $65 at $3,223/oz, falling for a third day on signs of potential trade-talk progress between the US and several other nations, quelling demand for havens even as signs of slowdowns have emerged in the largest economies. Bitcoin rises 1% and above $95,000. 

    Looking at today's calendar, we get the April Challenger job cuts (7:30am), weekly jobless claims (8:30am), April manufacturing PMI (9:45am), ISM manufacturing and March construction spending (10am). Fed’s external communications blackout ahead of the May 7 FOMC meeting

    Market Snapshot

    • S&P 500 mini +1.2%
    • Nasdaq 100 mini +1.6%
    • Russell 2000 mini +0.3%
    • Stoxx Europe 600 little changed
    • DAX +0.3%
    • CAC 40 +0.5%
    • 10-year Treasury yield -2 basis points at 4.15%
    • VIX -0.9 points at 23.85
    • Bloomberg Dollar Index +0.2% at 1226.38
    • euro little changed at $1.1324
    • WTI crude -2% at $57.02/barrel

    Top Overnight news

    • The US and Ukraine signed an agreement over access to the country’s natural resources. The deal will see the US will get first claim on profits transferred into a jointly managed investment fund that’s intended in part to reimburse the US for future military assistance. BBG
    • House Republicans are seriously considering proposals to further limit tax deductions that companies can take for their highest-paid workers’ compensation, expanding restrictions that now apply only to a handful of current or former executives making more than $1 million, according to people familiar with the discussions. WSJ
    • US President Trump said we are going to have 'Made in the USA' like never before and he stated give us a little time to get moving regarding the economy. Furthermore, Trump said interest rates should go down and reiterated that "he (Powell) should reduce interest rates, I understand them better than him", as well as noted it would be nice for people wanting to buy homes and things.
    • There was some chatter that the House Ways and Means Committee is going to mark up their tax package on May 8th: Punchbowl.
    • Elon Musk said he’s considering sending DOGE to the Fed, citing a costly renovation of its headquarters as an example of potential government waste. BBG
    • The yen dropped as much as 1.2% after the BOJ pushed back the timing for when it expects to reach its inflation target and Governor Kazuo Ueda spoke of uncertainties due to tariffs. For now, policymakers kept rates at 0.5%. BBG
    • China feels the white house is “too divided” on trade policy and will hold off on entering serious trade talks with the US while it waits to see which of Trump’s advisors will have his ear and how other countries respond to the 90 day pause on tariffs. SCMP
    • Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market with further supply cuts and can handle a prolonged period of low prices, five sources with knowledge of the talks said. This possible shift in Saudi policy could suggest a move toward producing more and expanding its market share, a major change after five years spent balancing the market through deep output as a leader of the OPEC+ group of oil producers. RTRS
    • The EU is planning to share a paper with the US next week that will set out a package of proposals to kick-start trade negotiations with the Trump administration. The paper will propose lowering trade and non-tariff barriers, boosting European investments in the US, cooperating on global challenges such as tackling China’s steel overcapacity and purchasing US goods like liquefied natural gas and technologies. BBG
    • Janet Yellen has warned that Trump’s tariffs will have a “tremendously adverse” impact on the US economy as they “hobble” companies that rely on critical mineral supplies from China. She added: “I’m not yet ready to say that I’m forecasting a recession, but certainly the odds have gone way up. FT
    • Microsoft beat estimates and showed strong growth in its key Azure cloud business, while Meta also topped estimates and raised its full-year capex forecast as it continues to invest in AI. With first-quarter earnings in full swing the scorecard so far has shown resilience amid Trump’s trade war. The next big test comes after the close, when Apple and Amazon report. BBG

    Tariffs/Trade

    • US President Trump reiterated there is a very good chance that they will make a deal with China and any deal has to be on their terms, while he added that they are negotiating with India, South Korea and Japan.
    • US President Trump said after a certain amount of time, there will be a tariff wall for pharmaceutical companies.
    • USTR Greer said it is a matter of weeks not months to have initial trade deals announced and he is meeting with Japan, Guyana and Saudi Arabia on Thursday and with the Philippines on Friday. Greer added he wouldn't say they are 'finish-line' close on an India trade deal but noted he has a standing call with India's Trade Minister and said they are working closely with the UK and moving quickly with countries ready to move forward on trade. Furthermore, Greer said Canadian PM Carney is a serious person and that President Trump wants a healthy relationship in North America, while he added there are no official talks with China yet and that harmful foreign trade practices, including those in China, need to be addressed.
    • China is to hold off on entering serious trade discussions with the US while it waits to see which of US President Trump’s advisers will have his ear and how other countries will respond to the 90-day pause on tariffs, according to a source cited by SCMP
    • US Senate narrowly rejected a bipartisan measure to block Trump tariffs with the vote count at 49-49.

    Notable Earnings

    • eBay Inc (EBAY): Shares +0.5% pre-market. Q1 profit beat estimates, and revenue also increased. The company announced that Peggy Alford was appointed CFO, replacing Steve Priest, as the company adjusts its leadership. It reported Q1 adj. EPS of 1.38 (exp. 1.34), Q1 revenue of USD 2.6bln (exp. 2.55bln). Q1 gross merchandise volume USD 18.75bln (exp. 18.52bln); International GMV USD 9.69bln (exp. 9.58bln); US GMV USD 9.07bln (exp. 8.92bln). In Q1, it had 134mln active buyers (exp. 134.17mln). Sees Q2 revenue between USD 2.59-2.66bln (exp. 2.60bln), and sees Q2 adj. EPS between 1.24-1.31 (exp. 1.29). (Newswires)
    • Meta Platforms (META) - Shares +6.5% pre-market following a Q1 beat, while Q2 guidance was in line with expectations. Q1 revenue rose +16% to USD 42.31bln (exp. USD 41.4bln), with EPS of USD 6.43 (exp. USD 5.28); Q1 advertising sales were USD 41.39bln (exp. 40.55bln). Exec said daily users reached 3.43bln, while Threads has now has more than 350mln monthly active users. FY25 CapEx guidance was increased to USD 64–72bn for 2025 (prev. saw 60-65bln), and exec said that increased CapEx will bring data centre capacity online quicker. On AI, exec said its Meta AI app is focused on scaling and engagement this year, with business integration planned for next year; nearly 1bln monthly active users now use Meta AI across its apps. Exec also said that the EC's ruling may hit its EU business, where it will need to make modifications to ads model which could have significant impact to European business and revenue as early as Q3, while Asia ad spend fell amid regulatory uncertainty. Sees Q2 revenue between USD 42.5bln-45.5bln (exp. 44.41bln), lowered its FY25 total expenses view to USD 113bln-118bln (prev. saw 114-119bln). (Newswires)
    • Microsoft (MSFT) - Shares +8.1% pre-market following a beat on Q3 sales and profits, driven by 20% cloud growth amid strong AI demand. The tech giant reported Q3 adj. EPS of 3.46 (exp. 3.21), Q3 revenue USD 70.1bln (exp. 68.41bln); Q3 CapEx USD 16.75bln (exp. 16.28bln). Azure and other cloud services revenue (Ex-FX) surged +33% (exp. +31%), with Azure growth attributable to AI 16pts (exp. 15.6ppts); the majority of Azure outperformance in Q3 was in its non-AI business. Q3 Cloud sales USD 42.4bln (exp. 42.22bln), Q3 Intelligent Cloud sales USD 26.8bln (exp. 25.99bln). Exec said H2 total CapEx view remains unchanged vs January guidance. Sees Q4 revenue between 73.3bln-73.4bln (exp. 72.0bln), Q4 CapEx expected to increase on a sequential basis, Q4 cloud gross margin expected to be 67% (down Y/Y), Q4 Intelligent Cloud revenue seen between USD 28.75bln-29.05bln (exp. 28.52bln), while Q4 Azure and other cloud services revenue growth is expected to be 34-35% in constant currency. Exec said that FY26 CapEx is expected to grow at a lower rate than FY25. (Newswires)
    • Qualcomm (QCOM) - Shares +5.7% pre-market after it topped Q2 top- and bottom-line estimates, but Q3 guidance was light, and it sees a sales hit from US tariffs ahead. It reported Q2 adj. EPS 2.85 (exp. 2.80), Q2 revenue USD 10.84bln (exp. 10.60bln); Q2 QCT revenue USD 9.47bln (exp. 9.23bln), Q2 QTL revenue USD 1.32bln (exp. 1.35bln); Q2 Internet of Things revenue USD 1.58bln (exp. 1.45bln), Handsets revenue USD 6.93bln (exp. 6.84bln), Automotive revenue USD 959mln (exp. 909.8mln). Sees Q3 adj. EPS 2.60-2.80 (exp. 2.66), Q3 revenue between USD 9.9-10.7bln (exp. 10.33bln), sees Q3 QCT revenue between USD 8.7-9.3bln (exp. 8.98bln), and sees Q3 QTL revenue between 1.15-1.35bln (exp. 1.3bln). (Newswires)

    A more detailed look at global markets courtesy of Newquawk

    APAC stocks traded higher but with gains capped in severely thinned conditions owing to mass holiday closures across the region and in Europe for Labour Day. ASX 200 eked mild gains as the outperformance in tech, real estate and consumer staples was offset by losses across the commodity-related sectors, while trade data was mixed as Australian monthly exports returned to growth but imports contracted. Nikkei 225 advanced at the open after having reclaimed the 36,000 level and with further upside seen after the BoJ policy announcement where the central bank kept rates unchanged at 0.50% and provided some dovish rhetoric despite maintaining its rate hike signal.

    Top Asian News

    • BoJ maintained its short-term interest rate target at 0.5%, as expected, with the decision made by unanimous vote, while it said it will continue to raise the policy rate if the economy and prices move in line with its forecast and will conduct monetary policy appropriately from the perspective of sustainably and stably achieving the 2% inflation target. BoJ said Japan's economic growth is likely to moderate and underlying consumer inflation is likely to be at a level generally consistent with the 2% target in the second half of the projection period from fiscal 2025 through 2027, as well as noted that uncertainty surrounding Japan's economy and prices remains high with risks to the economic outlook and inflation outlook are skewed to the downside. Furthermore, it lowered its evaluation of the economic outlook and warned that a prolonged period of high uncertainties regarding trade and other policies could lead firms to focus more on cost-cutting, and as a result, moves to reflect price rises in wages could also weaken. In terms of the Outlook Report projections, the Real GDP median forecast for Fiscal 2025 was cut to 0.5% from 1.1% and the Fiscal 2026 estimate was cut to 0.7% from 1.0%, while the Core CPI median forecast for Fiscal 2025 was cut to 2.2% from 2.4% and the Fiscal 2026 forecast was cut to 1.7% from 2.0%.
    • BoJ's Ueda Press Conference: Uncertainty from trade policy has heightened sharply. Expect to keep raising rates if the economy and prices move as projected. Timing to attain the underlying 2% inflation target will be delayed. Price goal timing delay doesn't mean delay in hikes; timing of trend inflation does not necessarily correlate with the timing of a hike.

    Due to Labour Day across Europe, cash and derivatives markets are closed across Euronext services and those run by other European exchanges such as Deutsche Boerse, SIX and Nasdaq (Scandinavia closed ex-Copenhagen). The UK’s FTSE 100 is one of the few indices in Europe which is open today; currently flat.

    Top European news

    • EU is to present trade proposals to the US next week, according to Bloomberg citing officials.

    FX

    • DXY is up for a third consecutive session with the USD firmer vs. all major peers. On the trade front, the White House administration continues to talk up the possibilities of imminent trade deals. Reports suggest that the US reached out to China recently for tariff talks. However, Chinese press notes that China is to hold off on entering serious trade discussions with the US while it waits to see which of US President Trump’s advisers will have his ear and how other countries will respond to the 90-day pause on tariffs. Ahead, Challenger layoffs, weekly claims and ISM manufacturing PMI are all due. DXY ventured as high as 100.08, but has recently waned off that high to a current 99.75 level.
    • EUR is essentially flat vs. the USD with most of Europe away from the market on account of Labour Day. In terms of macro updates for the region, Bloomberg reported that the EU is to present trade proposals to the US next week. EUR/USD hit a trough overnight at 1.1288 before returning to the 1.13 handle.
    • JPY is the clear laggard across the majors after the BoJ opted to stand pat on rates (as expected) whilst cutting its Real GDP and Core CPI estimates in its quarterly outlook report; the FY 2025 GDP estimate saw a sizable downgrade to 0.5% from 1.1%. At the follow-up press conference by Governor Ueda, USD/JPY continued its ascent to a peak at 144.75 with Ueda noting that the timing to attain the underlying 2% inflation target will be delayed. However, upside was trimmed after he stated that a delay in the timing of the price goal doesn't mean a delay in hikes.
    • GBP is flat vs. the USD with incremental macro drivers remaining light. On the trade front, USTR Greer said the US is working closely with the UK and moving quickly with countries ready to move forward on trade. Local elections are taking place in the UK today with a focus on the extent of Conservative losses, the performance of Labour and how much ground the Reform Party can make; not expected to be a market mover. Cable has delved as low as 1.3275 but has since reclaimed the 1.33 mark and now sits around 1.3320. UK Manufacturing PMI was subject to an upward revision, but ultimately had little impact on the GBP.
    • Antipodeans are both softer vs. the broadly firmer USD and tracking losses in global peers. AUD saw little follow-through from mixed trade data as Australian monthly exports returned to growth but imports contracted.

    Fixed Income

    • The BoJ left rates unchanged as expected. JGBs were bid though as the accompanying forecasts were lowered for both Real GDP and Core CPI, pushing back the timing for when underlying inflation is likely to be at a level generally consistent with the 2% target. In totality, this lifted JGBs from 141.05 to 141.34 though the upside did dissipate almost entirely in the gap between the announcement and Governor Ueda. Ueda for the most part stuck to the script of the statement and made it very clear that the BoJ is facing significant uncertainty in its forecasts. Ueda’s reiteration that there will be a delay to attaining the underlying 2% inflation target sparked another bout of dovishness, lifting JGBs to a fresh 141.42 peak.
    • A very slow start to the session for USTs given the absence of European participants for Labour Day (China also away). USTs are firmer and at a 112-12 peak, but one that is shy of the 112-16 high from Wednesday. As was the case on Wednesday, any concerted move higher enters a patch of clean air before resistance at 114-03+ and 114-10 from early-April.
    • Gilts opened higher by around 30 ticks before extending a handful more to a 93.86 peak, influenced by the upside seen in JGBs post-BoJ/Ueda. On the data front, April's Manufacturing PMI was revised slightly higher (but still in contractionary territory) and a significant jump in Mortgage Lending during March; the latter comes alongside a 3bps drop in the effective rate on new and outstanding mortgages to 4.5% and 3.84% respectively during the period and ahead of Stamp Duty alterations which kicked in alongside the new FY in April.

    Commodities

    • Crude is on the backfoot and trading lower by around USD 1.00/bbl, in a continuation of the prior day's downside. As a reminder, oil prices slumped on Wednesday following reports that Saudi officials briefed allies and industry experts that the kingdom can sustain a prolonged period of low oil prices.
    • Gold is pressured given the positive risk tone in the US and as the Dollar makes modest gains. Yellow metal has been as low as USD 3.2k/oz, over USD 100/oz from the week’s opening levels despite the series of soft data for the US as the inflationary part of the stagflationary narrative and modest yield curve steepening weighs on XAU.
    • Base metals were contained trade overnight given the mass holiday closures and absence of the metals largest buyer, China, for a long weekend (May 1st-5th). This morning, 3M LME Copper has picked up tracking the broader macro tone with US futures strong after earnings, 3M LME Copper back above the USD 9.2k mark.

    Geopolitics: Middle East

    • US Secretary of Defence Hegseth said Iran will pay the consequence for supporting Houthis.

    Geopolitics: Ukraine

    • US and Ukraine signed an agreement on access to natural resources and to establish a US-Ukraine reconstruction investment fund. It was also reported that the US Treasury said the Treasury Department and US International Development Finance Corporation will work with Ukraine to finalise programme governance and advance the partnership, while it added that the agreement signals clearly to Russia that the Trump administration is committed to a peace process centred on a free, sovereign, and prosperous Ukraine over the long term. Furthermore, Treasury Secretary Bessent said the US–Ukraine economic partnership agreement allows the United States to invest alongside Ukraine to "unlock Ukraine's growth assets".
    • US Senator Graham, who is a close ally of President Trump, is forging ahead on a plan to impose new sanctions on Russia and steep tariffs on countries that buy Russian oil, gas and uranium, while the bill also would impose a 500% tariff on imported goods from any country that purchases Russian oil, gas, uranium and other products, according to WSJ.

    US Event Calendar

    • 7:30 am: Apr Challenger Job Cuts YoY, prior 204.8%, revised 204.78%
    • 8:30 am: Apr 26 Initial Jobless Claims, est. 223k, prior 222k
    • 8:30 am: Apr 19 Continuing Claims, est. 1864.5k, prior 1841k
    • 9:45 am: Apr F S&P Global U.S. Manufacturing PMI, est. 50.5, prior 50.7
    • 10:00 am: Apr ISM Manufacturing, est. 47.9, prior 49
    • 10:00 am: Apr ISM Prices Paid, est. 73, prior 69.4
    • 10:00 am: Mar Construction Spending MoM, est. 0.2%, prior 0.7%
    Tyler Durden Thu, 05/01/2025 - 08:26
  31. Site: Catholic Herald
    3 days 12 hours ago
    Author: The Catholic Herald

    Expectations are not only heating up in the Vatican this week about who will be the new pope but also regarding who will dress him after white smoke finally emits from the chimney of the Sistine Chapel.

    Raniero Mancinelli, 86, has personally handcrafted cassocks for three popes at his now famed shop, Mancinelli Clero, located close to the Vatican in Rome, since 1962, reports The Times.

    Though the veteran tailor has dressed three popes during their reigns, he has yet to supply the cassock and cape worn by a new pope when he steps on to the balcony at St Peter’s Basilica after his election.

    He is one of the last remaining ecclesiastical tailors in all of Rome and during the course of six decades has crafted handmade liturgical vestments worn by popes, cardinals, bishops and priests around the world. Now he awaits to see if any of his cassocks will be chosen by the next pontiff.

    He said he was in the running after good reviews from John Paul II, Benedict XVI and Francis, who all wore Mancinelli’s garments after they were elected. But he will only know if his vestments have been picked when he sees the new pope waving from the balcony to the crowds gathered in St Peter’s Square.

    Mancinelli Clero, owned by famed Italian ecclesiastical tailor Raniero Mancinelli, Rome, Italy, 29 April 2025. (Photo by Mario Tama/Getty Images.)

    He was cutting three capes on Wednesday, 30 April, that he will supply for the moment the new pope enters the small antechamber at the Vatican called the Room of Tears.

    “I am doing a small, medium and large,” he said. “And I hope he will pick mine.”

    Francis declined to wear the red cape – or mozzetta – he was offered before he stepped onto the balcony in 2013.

    Mancinelli’s dressing of popes offers an intriguing and even intimate insight into their ways of thinkings along with the challenges they faced as the papacy – and inevitable aging involved – took its toll.

    “Francis wanted simple, practical and cheap clothes,” says Mancinelli, who had to resupply the Argentinian pontiff as he put on weight as a result of health issues and deteriorating mobility.

    As Benedict began to stoop in old age, Mancinelli started to shorten his cassocks.

    “Pope Benedict dressed more elegantly,” Mancinelli said. “He wanted more expensive and heavier cloth because he suffered [with] the cold, as well as perfectly fitting cassocks.”

    Italian ecclesiastical tailor Raniero Mancinelli with a Slovenian cleric in his famed shop Mancinelli Clero, located close to the Vatican, Rome, Italy, 29 April 2025. (Photo by Mario Tama/Getty Images.)

    Mancinelli still uses an old 6kg iron to get the wrinkles out of cassocks in a tiny workroom. The shop’s shelves are packed with ornate sashes, purple socks and €60 mitres, alongside racks of silver-plated croziers that cost €1,600.

    As the 7 May conclave approaches, reports of intrigue and jockeying for position are gathering pace. There are also indications that this conclave, unlike the previous two that each lasted a relatively brief two days, could prove a far longer and harder affair to settle.

    Mancinelli may well have to wait longer than he is used to during a conclave, in order to find out if any of his expertly crafted vestments have been chosen.

    RELATED: Could this be the longest conclave in modern history?

    Photo: Italian ecclesiastical tailor Raniero Mancinelli stands for a portrait in his famed shop Mancinelli Clero, located close to the Vatican, Rome, Italy, 29 April 2025. (Photo by Mario Tama/Getty Images.)

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    The post Rome’s ecclesiastical tailors compete to dress next pope appeared first on Catholic Herald.

  32. Site: Novus Motus Liturgicus
    3 days 12 hours ago
    Many medieval breviaries, including those of the Sarum Use, the Cistercians, Carmelites and Premonstratensians, have a hymn for the Easter season which is not found in the Roman Breviary, Chorus novae Jerusalem by St Fulbert, bishop of Chartres, who died in 1029. The original version of the Latin text, and the English translation of John Mason Neale (1867), are given below. In this Gregory DiPippohttp://www.blogger.com/profile/13295638279418781125noreply@blogger.com0
  33. Site: Rorate Caeli
    3 days 12 hours ago
    Rorate has chosen to provide a list that is useful for identifying those who may not be the best choices available for the Cardinal Electors in the 2025 Conclave -- for doctrinal or moral reasons, or simply for reasons of administrative ineptitude.After 12 years of doctrinal disaster, moral ambiguity, and administrative authoritarianism and chaos, the Church deserves unity and peace.This is our New Catholichttp://www.blogger.com/profile/04118576661605931910noreply@blogger.com
  34. Site: Mises Institute
    3 days 13 hours ago
    Author: Daniel Kowalski
    When politicians claim they are “creating jobs,” they usually mean hiring people for tax-funded government employment. Jobs in private enterprise, however, help to create real wealth and contribute to economic growth and higher living standards.
  35. Site: AsiaNews.it
    3 days 13 hours ago
    The first cardinal from the bustling Southeast Asian city-state, he leads a lively and missionary Church with humility, clarity and a heart open to dialogue in an increasingly secularised world. At the synod, he highlighted the spiritual weariness that often afflicts societies that are only apparently successful.
  36. Site: Catholic Herald
    3 days 13 hours ago
    Author: Peter Day-Milne

    Every Catholic has his or her prediction for the conclave: some predict a new pope in the mould of Pope Francis, others predict a course correction for the Church with the election of a man such as Cardinal Robert Sarah. But if the topic of the conclave has been on everyone’s lips, one question of which I’ve heard little discussion so far has been its length: will the cardinals swiftly return a new pope, or will there be a long, hard fight, with many rounds of balloting before one candidate achieves a two-thirds majority of the electors?

    Even the betting markets have neglected this question of the conclave’s length: at the time of writing, users of the betting website Polymarket had staked over $10,000,000 on the identity of the next pope, but only $300,000 on the date of his election. Yet I believe that the most striking feature of this year’s
    conclave – the one that historians will remember – could well be that it lasts a very long time.

    This is because of a little-remarked quirk that Pope Benedict introduced into the rules of conclaves in 2007. It did not become relevant in the one papal conclave held since then, namely the conclave that elected Pope Francis in 2013, but it could well do so in the more contentious election that seems likely this time round, as progressive and traditionalist cardinals fight each other for the future of the Church.

    To understand this quirk in the rules, one must go back to the reforms of the conclave promulgated in 1996 by Pope John Paul II with the apostolic constitution Universi Dominici gregis. With this document Pope John Paul II made many radical changes to traditional practice. For example, for the first time in centuries, the cardinals were allowed to live outside the Sistine Chapel complex during the conclave (they are now housed in the Domus Sanctae Marthae). Moreover, the two traditional alternatives to papal election by ballot (per scrutinium) were abolished: namely spontaneous acclamation (whereby the cardinals all shouted the name of their chosen candidate at once, it was assumed at the inspiration of the Holy Spirit), and compromise (whereby the electors delegated a small committee of cardinals to make the choice for them).

    But the reform most relevant to the length of the conclave was a further one, and perhaps the most radical of all. If the conclave had failed to elect a pope after 32 rounds of voting (or 33, if one was held on the first day), Pope John Paul II permitted a simple majority of the electors to change the threshold of votes that a man would need to become pope, lowering it from the traditional two-thirds of the electorate to a minimum of 50 per cent plus one.

    Although Universi Dominici gregis does not tell us why Pope John Paul created this new rule, it seems likely that he had in mind the sheer workload of the Holy See and the cardinals in the modern world, and the danger that a long conclave might paralyse the Church. He was abolishing election by compromise, which had been the cardinals’ traditional means of ending a long and contentious conclave, and so he wanted give them another means of doing so; hence he devised the new procedure whereby the cardinals might lower the electoral threshold.

    After John Paul II’s death, however, as the cardinals gathered for the conclave that would elect Pope Benedict XVI, a problem soon became apparent. If one faction of cardinals could achieve a simple majority for its candidate, it would need only to continue voting for him until round 32 or 33, and then it could force through a reduction of the electoral threshold to a simple majority, and elect him pope. Hence Pope John Paul II had, in effect, reduced the electoral threshold to a simple majority from the very beginning of a conclave – something that he had never meant to do.

    Mindful of this problem, in 2007 Pope Benedict issued his own document, De aliquibus mutationibus in normis de electione Romani Pontificis, which modified the procedure to be followed when the cardinals had failed to elect a pope after 32 or 33 rounds. From this point on, only the two cardinals who had received the most votes in the previous round would appear on the cardinals’ ballot papers. But in accordance with tradition, a successful candidate would still need two thirds of the electors’ votes to become pope.

    Pope Benedict’s revised rules are still in force, and will govern this year’s conclave. But it is not hard to imagine a situation in which they could cause absolute deadlock. Suppose this year’s conclave were to be split in the ratio 3:2 between cardinals who wanted a second pope Francis, and cardinals who wanted an unabashed traditionalist. The conclave reaches round 33; the heir to Francis receives 50 per cent of the vote, and the traditionalist comes second with 30 per cent. From this point, only these two men remain on the ballot. The cardinals vote again and again, but the traditionalist faction will not elect the heir to Francis; nor will the more progressive cardinals countenance the traditionalist candidate. The cardinals no longer have the option of finding an alternative, compromise candidate. How, at this point, does the conclave end?

    Under the rules currently in force, there is simply no answer, and speculation quickly becomes fantastic. Would the Sacred College have to declare itself unable to elect a pope? Might it then have to invite the actual clergy of Rome – the only other body obviously competent to elect a pope – to choose their candidate? What about the cardinals over eighty, scandalously stripped of their voting rights by Pope Paul VI in 1970? And besides these speculative questions, there is an even more fascinating one – why did the brilliant mind of Pope Benedict not foresee this problem of irresolvable electoral deadlock?

    At this point, we are heading into the realm of fiction. But one thing is for sure: if this conclave goes beyond round thirty-three, then all bets are off.

    RELATED: Cardinal Sarah is the man to save the Church as next pope

    Photo: A floodlight points towards St Peter’s Basilica as a sculpture of St Peter holding the key to heaven stands in St Peter’s Square, Vatican, 13 March 2013. At the time, Pope Benedict XVI’s successor was being chosen by the College of Cardinals in Conclave in the Sistine Chapel. (Photo by Peter Macdiarmid/Getty Images.)

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    The post Could this be the longest conclave in modern history? first appeared on Catholic Herald.

    The post Could this be the longest conclave in modern history? appeared first on Catholic Herald.

  37. Site: Mises Institute
    3 days 14 hours ago
    A former toadie to Dick Cheney, sources say Waltz will soon be fired from his job as Trump's National Security Adviser.
  38. Site: AsiaNews.it
    3 days 14 hours ago
    Highly appreciated by Benedict XVI, the archbishop of Sri Lanka's capital has held several posts in the Vatican, including that of secretary of the Dicastery for the liturgy. In recent years, he has accompanied the travails of his country, tirelessly asking for justice for the victims of the Easter 2019 massacres.
  39. Site: Real Investment Advice
    3 days 14 hours ago
    Author: RIA Team

    When your wealth grows, so does the complexity of your financial life. For high-net-worth individuals, tax planning is no longer just about filing accurately—it’s about strategically managing income, investments, and legacy plans to reduce taxable income and preserve wealth over the long term.

    From investment strategies and estate planning to charitable giving and tax-advantaged accounts, smart tax planning can make a significant difference in how much of your wealth stays with you and your heirs. This comprehensive guide explores advanced tax strategies tailored specifically for high-net-worth individuals.

    Leveraging Tax-Deferred Accounts

    One of the most effective and foundational strategies in tax planning for high-net-worth individuals is the use of tax-deferred accounts. These accounts allow your investments to grow without being taxed each year, offering significant compounding advantages over time. More importantly, they help reduce your current taxable income—a critical factor for individuals in higher tax brackets.

    Traditional IRAs and 401(k)s

    For salaried professionals and business owners alike, Traditional IRAs and 401(k)s remain valuable tools. Contributions to these accounts are typically made on a pre-tax basis, meaning they reduce your taxable income in the year of the contribution. Over time, the funds grow tax-deferred until withdrawals begin in retirement, when many individuals are in a lower tax bracket. This deferral not only enhances portfolio growth but also provides a strategic timing advantage for tax liability.

    SEP IRAs and Solo 401(k)s

    For high-net-worth individuals who are self-employed or own small businesses, SEP IRAs (Simplified Employee Pension IRAs) and Solo 401(k)s provide greater contribution flexibility than traditional plans. In 2024, business owners can contribute up to 25% of their compensation or $66,000 (whichever is less) to a SEP IRA. Solo 401(k)s offer the opportunity to contribute both as an employer and an employee, allowing for even greater annual deferrals. These plans are ideal for those with fluctuating income who want to maximize tax advantages during peak earning years.

    Defined Benefit Plans

    Defined Benefit Plans—also known as pension plans—are less commonly used today but can be highly beneficial for high earners, particularly those in their 50s or 60s who are looking to accelerate retirement savings. These plans allow significantly higher contributions than other retirement plans (sometimes well over $100,000 annually), and the contributions are tax-deductible. This makes them especially appealing for business owners seeking to reduce current income taxes while creating a predictable, fixed income stream in retirement.

    By contributing aggressively to these tax-deferred vehicles, high-net-worth individuals can reduce their taxable income during their highest earning years, defer taxes until retirement, and capitalize on compound growth. These strategies also create opportunities for future tax planning, such as Roth conversions during lower-income years or strategic withdrawal planning in retirement to manage required minimum distributions (RMDs).

    When integrated into a comprehensive financial plan, tax-deferred accounts become a cornerstone of long-term wealth preservation and tax efficiency.

    Roth Conversions for Strategic Tax Diversification

    Although Roth IRAs are funded with after-tax dollars, they offer tax-free withdrawals in retirement. A well-timed Roth conversion—moving assets from a traditional IRA to a Roth IRA—can be a powerful tool in years when your income is temporarily lower.

    This strategy requires paying taxes on the converted amount now but can minimize future required minimum distributions (RMDs) and lower taxable income in retirement.

    Reducing Capital Gains Taxes

    Capital gains taxes are a major concern for wealthy investors. Several strategies can help reduce or defer these taxes:

    • Tax-loss harvesting: Offset gains by selling underperforming investments.
    • Qualified Opportunity Zones: Defer and potentially eliminate capital gains by investing in designated areas.
    • Donor-Advised Funds: Donate appreciated assets, avoiding the capital gains tax and receiving a charitable deduction.

    Long-term capital gains are taxed at a lower rate than ordinary income, so holding investments for more than a year is another key strategy.

    Charitable Giving for Tax Efficiency

    Charitable contributions provide more than just philanthropic satisfaction—they offer valuable tax advantages. Consider these methods:

    Trusts and Estate Planning Strategies

    High-net-worth individuals must plan carefully for the transfer of wealth. Trusts are essential tools for reducing estate taxes and protecting assets. Common strategies include:

    • Irrevocable Life Insurance Trusts (ILITs): Exclude life insurance proceeds from your estate.
    • Grantor Retained Annuity Trusts (GRATs): Transfer assets with minimal gift tax implications while retaining an income stream.
    • Spousal Lifetime Access Trusts (SLATs): Provide income access while removing assets from the estate.

    These tools help manage generational wealth transfer, reduce estate tax liability, and ensure your assets are distributed according to your wishes.

    Tax-Efficient Investments

    How you invest is just as important as what you invest in. Tax-efficient investments can significantly reduce your tax burden:

    • Municipal Bonds: Generate federally tax-free income and, in some cases, are exempt from state taxes.
    • Tax-Managed Mutual Funds: Designed to limit capital gains distributions.
    • Exchange-Traded Funds (ETFs): Generally more tax-efficient than mutual funds due to their structure.

    Strategically placing tax-inefficient investments in tax-advantaged accounts and keeping tax-efficient investments in taxable accounts is known as asset location—an advanced method for reducing taxes over time.

    Business Tax Strategies

    For business owners, there are additional tax-saving opportunities:

    • Pass-Through Entity Deductions: If applicable, Section 199A allows for a 20% deduction on qualified business income.
    • S-Corporation Elections: Reduce self-employment tax by splitting salary and distributions.
    • Family Employment: Hiring children in the business can shift income to a lower tax bracket.

    Working closely with a tax advisor ensures compliance while maximizing deductions and credits available to business owners.

    Staying Ahead of Tax Law Changes

    Tax laws evolve regularly, and high-net-worth individuals must stay informed to adapt strategies accordingly. Key issues to watch include:

    • Changes to estate and gift tax exemptions
    • Adjustments to capital gains tax rates
    • Proposed legislation affecting retirement accounts and trust rules

    Partnering with a financial advisor and CPA allows you to stay proactive and avoid costly surprises.

    Ready to Reduce Your Tax Burden and Preserve Wealth?

    At RIA Advisors, we specialize in tax planning for high-net-worth individuals. Our team helps you implement custom strategies to reduce taxable income, optimize investments, and protect your legacy. Contact us today to schedule your private consultation and take control of your financial future.

    FAQs

    What is the best way to reduce taxable income as a high-net-worth individual?

    Strategies include maximizing tax-deferred account contributions, leveraging charitable giving, and using tax-efficient investments.

    Are Roth conversions worth it for high earners?

    Yes—especially in years with lower income or when aiming to reduce future RMDs and taxes in retirement.

    How can trusts help with estate tax planning?

    Trusts can remove assets from your taxable estate, provide income to beneficiaries, and ensure a smooth asset transfer.

    What are tax-managed funds?

    These are mutual funds specifically designed to minimize capital gains distributions, making them more tax-efficient for investors.

    How do I know if I need advanced tax planning?

    If you have a high income, complex assets, or are planning a large legacy, advanced tax planning is essential to preserve wealth.

    The post A Comprehensive Guide to Tax Planning for High-Net-Worth Individuals appeared first on RIA.

  40. Site: Real Investment Advice
    3 days 14 hours ago
    Author: RIA Team

    The headlines below lead some to believe the shelves in our stores will soon be empty. Moreover, reminiscent of 2020, an inflation spike due to fractured supply lines is imminent. Let's provide context to help make sense of the headlines and determine whether the plunge of Chinese inbound container ships to US ports represents truth or easy narratives.

    • China Freight Ship Traffic To Busiest US Ports Sees Steep Drop – CNBC
    • Chief economist warns of collapse after free fall in container traffic to the US -Shipping Watch.
    • Traffic At The Port of Los Angeles Set To Plunge- LA Times
    • Plunging LA Port Volumes Spell Trouble For Truckers- FreightWaves

    As shown on the left, the plunge in traffic of recently departed container ships from Chinese ports is startling. However, it only reverses the surge to US ports in the month prior. As previously noted, companies were stockpiling goods to avoid tariffs. Thus, with inventories higher than usual, importers' needs fell in April, resulting in fewer inbound container ships. The graph on the right shows the two largest California ports where China’s goods typically enter. The recent decline at these ports is no different than so many others in the last 30 years.

    Further, even if there is a prolonged slump in goods from China, we must recognize that China ships goods from other countries' ports, like Vietnam, to avoid scrutiny. Thus, total inbound ship traffic is a more critical gauge than ships from Chinese ports.

    Even if the supply of goods is curtailed, the inflationary pressure will not rival that of 2021/22. The prior inflation was partly due to diminished supplies, but equally important was the massive stimulus that drove demand. Today, demand is weakening, so half of the inflation recipe is missing.  

    port traffic plunges

    What To Watch Today

    Earnings

    Earnings Calendar

    Economy

    Economic Calendar

    Market Trading Update

    Yesterday, we noted that the market had reversed its post-tariff announcement losses. We suggested remaining risk-averse in the near term as the technical damage from the recent decline had yet to be repaired. With the recent 6-day advance in the market, a long stretch, a pullback was likely, particularly as markets approached the 50-DMA. As we have noted recently, many "trapped longs" are looking for an exit, and yesterday those sellers appeared.

    One thing we are watching very closely now is oil prices, which remain under pressure. Oil prices are back to pre-pandemic highs, and the risk is a break into the low 50s. The problem with oil is that the President wants to "drill-baby-drill," which will increase supply amid weakening economic demand. Such will result in lower prices, and push-back from oil producers who won't drill low-profitability wells.

    Oil prices

    However, the decline in oil prices, a significant economic input, was already confirming the slowdown in economic activity we saw in yesterday's GDP report.

    OIl to GDP

    Oil prices also confirmed the decline in inflation as shown in yesterday's PCE report.

    Oil to inflation

    We continue to watch crude oil for its economic inputs. However, from a purely technical perspective, oil currently has downside to the mid-50s. At those levels, oil will be oversold enough for a decent technical bounce, likely occurring this summer as we move into hurricane season. However, much of that outlook depends on both the supply/demand imbalance in the economy and the dollar. Given that oil trades in dollars, a recovery in the dollar will provide support for oil prices. Our larger concern remains the economic demand component. If that remains sluggish, oil prices could be range-bound in the 50s for quite some time.

    Oil prices

    We will continue to monitor and make portfolio adjustments accordingly.

    banner ad for SimpleVisor, our do it yourself investing tool. sign up for your free trial now

    GDP, PCE Prices, And ADP

    The first quarter GDP fell 0.3% compared to a wide range of estimates. The Wall Street consensus was +0.3%, but the Atlanta Fed GDPNow was -2.8%. While the negative reading is troublesome, the details are not. As shown below, courtesy of Zerohedge, foreign trade subtracted 4.83%. As we note in the opening, this was a function of tariff front running. However, the significant positive contribution from private inventories is also a function of stockpiling. If we subtract those two inputs, GDP would have risen by 2.3%, on par with recent growth.

    The ADP jobs report, a precursor for tomorrow's BLS labor report, showed a 62k job gain, well below Wall Street estimates of 135k. The second graph shows that the trend has continually slowed since September. ADP only includes private sector workers, thus the BLS report may also be weak.

    Monthly and core PCE prices were 0.0%, 0.1% below expectations. However, last month's figures were revised higher by 0.1%. The year-over-year rate is now 2.3% down from 2.5%, nearing the Fed's 2% target. The Fed will likely look through this month's PCE data and focus more on the next few months which will be impacted by tariffs.

    gdp breakdown

    adp job growth

    Interest Rate Swaps: The Plumbing Of The Financial System

    What are interest rate swaps?

    Why are interest rate swap spreads negative?

    Why do negative swap spreads warn of a liquidity problem?

    To answer these questions, READ MORE...

    interest rate swap spreads

    Tweet of the Day

    fed rate cuts

    “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 Port Plunge Myths: Why Headlines Don’t Tell The Whole Story appeared first on RIA.

  41. Site: Crisis Magazine
    3 days 14 hours ago
    Author: Anne Hendershott

    There was cause for celebration for Catholics in France at this year’s Easter Vigil. Figures released by the Bishops’ Conference of France announced that 10,384 adults would receive the sacrament of baptism at the 2025 Easter Vigil. This is an increase of 45 percent over the 7,135 adults who were baptized in 2024 and a 90 percent increase over the 5,463 adults who were baptized in 2023.

    Source

  42. Site: Catholic Herald
    3 days 15 hours ago
    Author: John L Allen Jr/ Crux

    Each day between now and the May 7 conclave to elect a successor to Pope Francis, we are running a profile of a different “papabile”, the Italian term for a man who could be pope. There’s no precise 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.” But these profiles will feature the leading names drawing buzz in Rome right now, at least making it very likely that they will get a look. Knowing who these men are also suggests issues and qualities other cardinals see as desirable heading into the election.

    Once upon a time, it was said that the idea of an American pope was unthinkable. In the beginning, it was for basically logistical reasons – steamships from the New World took so long to reach Rome that American cardinals often arrived too late to vote, and in any event they were never part of the political sausage-grinding before the conclave began.

    Later, the veto on an American pope became geopolitical. You couldn’t have a “superpower pope”, or so the thinking ran, because too many people around the world would wonder if papal decisions were really being crafted in the Vatican or at CIA headquarters in Langley.

    Today, however, that logic feels superannuated. America is no longer the world’s lone superpower, and, in any event, dynamics inside the College of Cardinals have changed. Geography is largely dead as a voting issue; cardinals no longer care what passport a candidate holds, but rather what spiritual, political and personal profile he embodies.

    As it happens, there is an American this time round with a serious shot: 69-year-old Cardinal Robert Francis Prevost, who served as head of the Vatican’s ultra-powerful Dicastery for Bishops under Pope Francis for the past two years. That made him responsible for advising the pope on picking new bishops around the world, which is, inter alia, a great way to make friends in the Catholic hierarchy.

    As his fellow prelates have gotten to know the former Augustinian superior, many of them like what they see: a moderate, balanced figure, known for solid judgment and a keen capacity to listen, and someone who doesn’t need to pound his chest to be heard.

    Born in Chicago in 1955 into a family of Italian, French and Spanish origins, Prevost went to high school at a minor seminary run by the Order of St. Augustine, called the “Augustinians”. From there he enrolled at Villanova University in Philadelphia, eventually earning an undergraduate degree in mathematics in 1977. He joined the Augustinians the same year and began studies at the Catholic Theological Union, where he earned a Master of Divinity degree in 1982. (Prevost is actually the first CTU alumnus to be named a cardinal.)

    Next he was shipped off to Rome, where he earned a doctorate degree in canon law from the Dominican-run University of St. Thomas Aquinas, popularly known as the “Angelicum”.

    In 1985 Prevost joined the Augustinian mission in Peru. His leadership qualities were quickly recognised, as he was named chancellor of the territorial prelature of Chulucanas from 1985 to 1986. He spent a couple of years back in Chicago as the pastor for vocations for his Augustinian province before returning to Peru, where he would spend the next decade running an Augustinian seminary in Trujillo while also teaching canon law and serving as prefect of studies in the diocesan seminary.

    There’s an old rule in clerical life, which is that competence is its own curse – your workload tends to expand in direct proportion to the perception that you’re gifted at getting things done. Thus it was that in addition to his day jobs, Prevost also put in stints as a parish priest, an official at diocesan headquarters, a director of formation for Trujillo and the judicial vicar for the diocese.

    Prevost returned to Chicago again in 1999, this time to serve as prior of his province. It was during this period that he would have a brush with the clerical sexual abuse scandals, signing off on a decision to allow an accused priest to reside in a priory close to a school. Though the move would later draw fire from critics, it came before the US bishops adopted new standards in 2002 for handling such cases, and his signature was basically a formality for a deal that had already been worked out between the archdiocese and the accused priest’s spiritual advisor and overseer of a safety plan.

    In 2001, Prevost was elected the Prior General of the worldwide Augustinian order, with its headquarters in Rome at the Augustinian Pontifical Patristic Institute, known as the “Augustinianum”, which is located immediately adjacent to St. Peter’s Square and tends to be prime real estate for meeting visiting clergy and bishops from around the world. Prevost would serve two terms in the post, earning a reputation as a deft leader and administrator, before returning briefly to Chicago from 2013 to 2014 as a director of formation for the order.

    In November 2014, Pope Francis appointed Prevost apostolic administrator of the Diocese of Chiclayo in Peru, and a year later he became the diocesan bishop. Historically speaking, the Peruvian bishops have been badly divided between a left wing close to the liberation theology movement and a right wing close to Opus Dei. In that volatile mix, Prevost came to be seen as a moderating influence, reflected in the fact that he served on the conference’s permanent council and as vice-president from 2018 to 2023.

    This past February, Pope Francis inducted Prevost into the exclusive order of Cardinal Bishops, a clear sign of papal trust and favour – and this despite the fact, according to observers, that Prevost and the late pontiff didn’t always see eye-to-eye; but Francis nevertheless saw in the American prelate a man he felt he could rely upon.

    What’s the case for Prevost?

    Fundamentally, there are three qualities cardinals look for every time they have to kick the tires on a possible pope: they want a missionary, someone who can put a positive face on the faith; a statesman, someone who can stand on the global stage with the Donald Trumps, Vladimir Putins and Xi Jinpings of the world and hold his own; and a governor, someone who can take control of the Vatican and make the trains run on time, including dealing with its financial crisis.

    There’s a solid argument that Prevost ticks all three boxes.

    He spent much of his career in Peru as a missionary, and parts of the rest of it in seminary and formation work, giving him an appreciation for what it takes to keep the fires of faith lit. His global experience would be an asset in the challenges of statecraft, and his naturally reserved and equanimous personality might well lend itself to the art of diplomacy. Finally, his successful runs in various leadership positions – religious superior, diocesan bishop and Vatican prefect – offer proof of his capacity to govern.

    Moreover, Prevost does not play to classic stereotypes of brash American arrogance. Instead, as both the Italian newspaper La Repubblica and the national TV network RAI recently put it, he comes off as il meno americano tra gli americani, “the least American of the Americans.”

    Fundamentally, a vote for Prevost would be seen in broad strokes as a vote for continuity with much of the substance of the Pope Francis agenda, but not necessarily the style, as he’s more pragmatic, cautious and discreet than the late pope – all qualities many of his fellow cardinals might well find desirable.

    Moreover, Prevost is seen as having more or less the right age profile. He turns 70 in September, so a Prevost papacy likely would be long enough to guarantee stability, not so long as to conjure images of an Eternal Father instead of a Holy Father.

    The case against?

    To begin with, Prevost is something of a cypher when it comes to many of the contested issues in Catholic life. In terms of where he stands on matters such as the ordination of women deacons, or the blessing of persons in same-sex unions, or the Latin Mass, he’s played his cards awfully close to his chest. For some cardinals, that might make Prevost too much of a journey into the unknown, especially among more conservative voters who want some guarantee of greater clarity.

    In addition, Prevost is among several US cardinals against whom complaints have been lodged by the Survivors Network of Those Abused by Priests (SNAP) for allegedly mishandling abuse complaints. One concerns the accused priest in Chicago, the other two priests in Chiclayo in Peru. There is a compelling other side to that story: multiple parties have defended Prevost’s conduct in both cases, the canon lawyer who initially represented the Peruvian victims is a disgraced ex-priest with an axe to grind, and while in Chiclayo, Prevost was head of a successful diocesan commission for child protection. Still, the mere hint of culpability might be enough to worry some electors.

    At a basic level, there may be concern about whether Prevost really has the charisma to play on the global stage, to inspire and to excite. Given that so much of his work over the years has been behind the scenes, he hasn’t had much of an opportunity to turn the world on with his smile. On the other hand, it’s worth recalling that Cardinal Jorge Mario Bergoglio of Argentina had a reputation in Buenos Aires for being a distant, grey figure uncomfortable in the public eye, and we all know how that turned out once he stepped into the Shoes of the Fisherman.

    The bottom line is that Prevost satisfies a great deal of what cardinals have traditionally looked for, and even his lack of a clear track record on some disputed issues might be more of an asset than a liability. A 2023 tribute from CTU at the time of his elevation to the College of Cardinals more or less sums up his appeal.

    “Prevost brings to the College of Cardinals the heart of a missionary and years of ministerial experience, ranging from academic classrooms to poor barrios to the upper echelons of administration,” it said. “He embodies the Gospel call to be ready to serve wherever the Spirit leads.”

    We’ll see in a few days if that strikes at least two-thirds of Prevost’s fellow cardinal electors as the profile of a pope.

    Photo: Cardinal Robert Francis Prevost. (Credit: Vatican Media, via Crux.)

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    The post Papabile of the Day: Cardinal Prevost could be first ‘superpower’ pope for US first appeared on Catholic Herald.

    The post Papabile of the Day: Cardinal Prevost could be first ‘superpower’ pope for US appeared first on Catholic Herald.

  43. Site: Crisis Magazine
    3 days 15 hours ago
    Author: William Arias

    Call it a midlife crisis, call it a dark night of the soul, or call it whatever you like; the last few years have not been kind to me. Failures and regrets have abounded. Severe health crises, several lost pregnancies mid-term, job insecurities, bad investments, and familial stresses have all taken their toll to severely tempt this author to curse God and die. As a former seminarian and…

    Source

  44. Site: Mises Institute
    3 days 15 hours ago
    SecDef says this shows there is "no daylight" between the US and Ukraine. For those wanting the US out of Ukraine, this moves the US in the wrong direction.
  45. Site: Catholic Herald
    3 days 15 hours ago
    Author: Gavin Ashenden

    There are moments in history that act as defining dates determining and reflecting the change of direction in world affairs. We think of 1789 and the French Revolution, and of 1917 with the Russian revolution. If you subscribe to the Great Man of History perspective, then there are moments of election and choice that equally offer similar definition. 

    In the same way that global culture is poised at a hinge moment in history, a version of that crisis is reflected within the Catholic Church and will be given expression to through the election of the next pontiff.

    Casual commentators suggest that the choice that lies before the cardinals is placed in one of three categories: going for a conservative, a radical or a compromise moderate. They suggest that a conservative would represent the appointment of a “thin pope after a fat pope”, and that a compromise candidate might offer the solution of eirenic compromise between warring theological factions.

    That is a not unreasonable political take on the process. But it misses too much hidden under the surface of the present situation, both theologically and spiritually.

    A progressive appointment, a “Francis the Second”, would complete the process that Pope Francis (the First) began more by implication than by action.  As Cardinal Tucho pronounced: The Magisterium is dead. Long Live the New Magisterium, the Magisterium of Pope Francis.

    In all the argumentation around the extent to which the application of Vatican II represented legitimate continuity with the previous millennia or, rather, a radical discontinuity, the claim that Pope Francis initiated a “new magisterium” is a rather alarming disclosure that the progressive project that he put his weight behind is uncatholic. 

    And it discloses how a Church that pursues those alternative values – “Who am I to judge” – particularly in relation to sexual ethics, the nature of the family, marriage and celibacy, is so much in breach of the Magisterium that it has had to create a new alternative one (“The Francis magisterium”) as a platform for what would become radical discontinuity.

    Can you compromise between Catholic orthodoxy and radical discontinuity?

    The question is not very different from asking if you can be a little bit pregnant. There are some compromises that are impossible to give expression to. 

    Does continuing straight ahead express a compromise between the conflicting choices of going either left or right? If going right is the correct decision, then continuing on ahead is not a compromise between choosing to go left instead. It represents a second directional error, one that will take you to the wrong destination quite as much as the original error.

    What we might call orthodox Catholic voices are calling for “a Catholic pope”.

    Cardinal Sarah is being favoured by many, in part because he satisfies some of the more justified criteria of progressive liberal values with a commitment to being a Catholic priest and bishop as it has always and everywhere been understood.

    Cardinal Sarah kneels before the Blessed Sacrament in Toronto, Canada (Image from University of St Michael’s College)

    There is a certain irony that a tall, black, dignified African bishop, breaking the mould of white Eurocentric culture as he does, is being presented as a saviour of a Catholic Church that has buckled under Pope Francis from the applied pressure to bless the individual members of gay couples, to watering down the requirements of the teaching on marriage, divorce and access to the sacraments. 

    When faced with the cultural conflict between the conflicting models of  therapy and salvation, Pope Francis deliberately appeared to offer a degree of affirmation to the forces that preferred acceptance and affirmation. His leitmotif of “mercy” implied unconditional acceptance and was recognised as such by a sympathetic press.

    RELATED: The media’s selective understanding of a complexed pope

    Cardinal Sarah seems to have directly contradicted the therapeutic salve of Pope Francis with classic Catholic teaching when he publicly insisted: “Don’t deceive people with the word ‘mercy’. God forgives sins only if we repent of them.”

    On the subject of uncontrolled mass migration, in which Pope Francis adopted the politics of the Left, offering repeated exhortations to “welcome, protect, promote, and integrate” migrants, Cardinal Sarah presented a more coherent Catholic analysis.

    It is one rooted in the integrity of the nation and its right to a cohesive self-determining culture. He criticised the progressive assaults promoting mass migration, particularly in relation to its cultural and spiritual impact on Europe:

    “The Church cannot cooperate with this new form of slavery that mass migration has become. If the West continues in this fatal way, there is a great risk that, for wanting to welcome everyone, it will no longer be able to welcome anyone.”

    (—Cardinal Robert Sarah, interview with French magazine Valeurs Actuelles, March 2019)

    Pope Francis varied the rules that governed access to the Eucharist for non-Catholic Christians under certain circumstances, particularly in Germany. A controversial proposal by some German bishops in 2018 was aimed to allow Protestant spouses of Catholics to receive Communion. Cardinal Sarah’s response was to respect and promote normative traditional Catholic teaching on the Eucharist:

    “Intercommunion is not allowed between Catholics and non-Catholics. It is not a matter left to national episcopal conferences, nor to individual dioceses, nor to individual priests.”

    (—Cardinal Sarah, in a letter to the German bishops, 2018)

    Pope Francis commonly expressed a preference for the liturgical reforms of Vatican II, including versus populum celebration of the Mass. Cardinal Sarah’s view was the opposite: 

    “It is very important that we return as soon as possible to a common orientation, of priests and the faithful turned together in the same direction – eastward or at least towards the apse – to the Lord who comes.”

    (—Cardinal Robert Sarah, London, July 2016 [Sacra Liturgia conference])

    The deeper question which provides the context for the election of the new pope involves a reconsideration of the exercise that was undertaken by the Second Vatican Council in the heady and confusing days of the 1960s.

    At the time, it seemed necessary that some kind of accommodation needed to be reached with the secular culture that was emerging in the second half of the 20th century. Those who believe in progress are still convinced that this accommodation between Church and secular culture was and is necessary.  

    An alternative view is that what has been unleashed by secular culture is not progress but decadence. And not just ethical entropy; but a decadence that has at its heart a hatred of Christianity in general and of Catholicism in particular; and whose main characteristic is the subversion of the Catholic Church, its anthropology and ethics.

    Were the cardinals of the Catholic Church to revisit the assessment of the cultural antagonism the Western secular spirit embodies, they might well find both satisfaction and a solution in the choice of Cardinal Sarah.

    The combination of being black, being African and being truly and wholeheartedly Catholic might offer just the antidote to the fracture, disorder, ambiguity and discontinuity that the last pontificate has burdened the Church with.

    RELATED: Cardinal Müller warns Church risks split if ‘orthodox’ pope not chosen

    (Photo by ALBERTO PIZZOLI/AFP via Getty Images.)

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    The post Cardinal Sarah is the man to save the Church as next pope first appeared on Catholic Herald.

    The post Cardinal Sarah is the man to save the Church as next pope appeared first on Catholic Herald.

  46. Site: Mises Institute
    3 days 15 hours ago
    Author: Ryan McMaken, Chris Calton
    Historian Chris Calton joins Ryan McMaken to discuss both the upsides and the downsides of Trump's first 100 days.
  47. Site: AsiaNews.it
    3 days 15 hours ago
    It was supposed to be a land of promises for those who had always lived from subsistence farming. Thanks to the employment brought by the mine, they had access to modern education and healthcare. But the end of the licence and a vicious cycle of tribal struggles have sown death and desolation. The government of Papua New Guinea has recently negotiated the mine's reopening. But with many unknowns about the future.
  48. Site: Mises Institute
    3 days 17 hours ago
    Author: Alexis Sémanne
    In any society, there are winners. But how do they win? Successful entrepreneurs innovate, take risks, and satisfy consumer needs in a competitive marketplace.
  49. Site: Zero Hedge
    3 days 18 hours ago
    Author: Tyler Durden
    Strategic Implications Of North Korea's Expanding Naval Ambitions

    Authored by Jihoon Yu via RealClearDefense,

    North Korea's recent unveiling of the Choe Hyon-class multipurpose destroyer signals a major transformation in its naval strategy, carrying profound and complex implications for regional and global security. The construction of this 5,000-ton warship marks a deliberate departure from Pyongyang's traditional coastal defense doctrine, historically centered around small, fast attack craft optimized for littoral engagements. Instead, the new platform reflects an ambition to project power across broader maritime domains, signaling a strategic evolution towards an expeditionary, blue-water navy.

    The enhanced operational radius provided by the Choe Hyon-class destroyer enables North Korea to extend its naval presence well beyond the Korean Peninsula, threatening key maritime routes and complicating the operational calculus of South Korea, Japan, and the United States. If this platform eventually secures the ability to launch nuclear-armed ballistic and cruise missiles, it would represent a transformative leap in Pyongyang's deterrence posture. Equipped with vertical launch system (VLS), the destroyer could then field a diverse arsenal capable of targeting both land and sea-based assets across considerable distances, significantly elevating the strategic risks in the region.

    If North Korea's ongoing efforts to enhance its nuclear capabilities eventually lead to the deployment of nuclear warheads on this platform, the strategic landscape would be further destabilized. Sea-based nuclear platforms would introduce a new layer of strategic complexity. Unlike land-based missile systems, which are more readily tracked and targeted, mobile maritime platforms are inherently more elusive, complicating preemptive strike options and missile defense architectures. This mobility would grant North Korea a potent second-strike capability, eroding confidence in the stability of existing deterrence frameworks. As a result, adversaries may face greater difficulty in distinguishing between conventional and nuclear threats during a crisis, increasing the risk of inadvertent escalation.

    The strategic implications would become even more acute if North Korea succeeds in complementing this surface capability with the acquisition of nuclear-powered submarines (SSNs) capable of launching submarine-launched ballistic missiles (SLBMs). Should Pyongyang succeed in fielding a credible SSBN (ballistic missile submarine) fleet, it would possess a survivable nuclear deterrent, fundamentally altering the strategic balance in Northeast Asia. Reports suggest that North Korea's SSN program has received clandestine assistance, possibly from Russia, accelerating its timeline and technological sophistication.

    The unveiling of the Choe Hyon-class destroyer must also be seen within the broader context of North Korea's doctrinal shift toward proactive military operations. Moving away from a historically reactive defense posture, Pyongyang appears increasingly willing to embrace preemptive, offensive maritime strategies aimed at undermining U.S. and allied freedom of navigation in the region. This trajectory raises the possibility of North Korea seeking to impose a regional anti-access/area-denial (A2/AD) strategy, leveraging both land- and sea-based assets to constrain allied operational flexibility in a crisis.

    Such developments risk fueling a maritime arms race in Northeast Asia, prompting South Korea, Japan, and the United States to accelerate investments in naval modernization, undersea warfare capabilities, and integrated missile defenses. Yet simply matching North Korea platform-for-platform would be insufficient. Addressing the broader strategic challenge requires a comprehensive approach that enhances maritime domain awareness, strengthens alliance interoperability, and builds layered missile defenses capable of countering both conventional and nuclear threats. Enhanced investment in anti-submarine warfare (ASW) capabilities, the deployment of more resilient undersea surveillance systems, the expansion of joint maritime exercises, and the establishment of rapid-reaction maritime forces will also be critical to preempt and deter potential provocations. In particular, South Korea should seriously consider pursuing its own nuclear-powered submarine program to enhance its underwater operational endurance and strategic deterrence, thereby reinforcing its ability to respond flexibly to the evolving undersea threat environment.

    Ultimately, the deployment of advanced platforms like the Choe Hyon-class destroyer reflects not merely a technical upgrade, but a profound recalibration of North Korea's strategic ambitions. Pyongyang is no longer content to deter adversaries solely through the threat of land-based nuclear retaliation; it seeks to establish itself as a maritime power capable of projecting coercive influence across the Indo-Pacific. If left unaddressed, North Korea's evolving naval capabilities could significantly erode regional stability and embolden Pyongyang's broader strategic calculus. A coordinated, multidimensional response from the United States, South Korea, Japan, and other regional stakeholders—encompassing deterrence, defense, diplomacy, and sustained pressure on North Korea's illicit networks—is urgently required to mitigate these emerging threats and preserve a credible deterrence posture.

    Jihoon Yu is a research fellow and the director of external cooperation at the Korea Institute for Defense Analyses. Jihoon was the member of Task Force for South Korea’s light aircraft carrier project and Jangbogo-III submarine project. He is the main author of the ROK Navy’s Navy Vision 2045. His area of expertise includes the ROK-US alliance, the ROK-Europe security cooperation, inter-Korean relations, national security, maritime security, and maritime strategy. He earned his MA in National Security Affairs from the US Naval Postgraduate School and PhD in Political Science from Syracuse University.

    Tyler Durden Thu, 05/01/2025 - 02:00
  50. Site: AntiWar.com
    3 days 20 hours ago
    Author: Norman Solomon
    Eight years before the U.S.-backed regime in South Vietnam collapsed, I stood with high school friends at Manhattan’s Penn Station on the night of April 15, 1967, waiting for a train back to Washington after attending the era’s largest antiwar protest so far. An early edition of the next day’s New York Times arrived on … Continue reading "The Vietnam and Gaza Wars Shattered Young Illusions About US Leaders"

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