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  1. Site: Rorate Caeli
    1 day 5 hours ago
    Source: Conclave Life, Corriere della Sera, May 1st, 2025.Excerpt, for the record of current events:"... "American Robert Francis Prevost, 69, who, on the other hand, is an elector and is entering Cardinal Burke's home for a top secret summit, deflects: 'I have not yet thought about what to pack, even though there is one week to go until extra omnes, however, excuse me, we were told not to New Catholichttp://www.blogger.com/profile/04118576661605931910noreply@blogger.com
  2. Site: Zero Hedge
    1 day 5 hours ago
    Author: Tyler Durden
    Trump Appoints Judge Jeanine Pirro As Interim US Attorney For DC

    Authored by Joseph Lord via The Epoch Times,

    President Donald Trump announced on May 8 that Judge Jeanine Pirro, best known for her role as a Fox News commentator, had been tapped to serve as interim U.S. attorney for the District of Columbia, one of the most influential prosecutorial positions in the country.

    “I am pleased to announce that Judge Jeanine Pirro will be appointed interim United States Attorney for the District of Columbia,” Trump wrote in a post on Truth Social. 

    “Jeanine is incredibly well qualified for this position, and is considered one of the Top District Attorneys in the History of the State of New York. She is in a class by herself. Congratulations Jeanine!”

    The U.S. attorney for the District of Columbia is uniquely influential, as the post entails oversight of both federal and local D.C. code. It handles cases ranging from homicide to political corruption to federal fraud violations.

    The announcement came after Trump withdrew the nomination of his previous pick for the job, attorney Ed Martin. That decision came after Sen. Thom Tillis (R-N.C.) announced he wouldn’t support Martin’s confirmation, making it unlikely he could be approved by the Senate.

    The announcement came after Trump withdrew the nomination of his previous pick for the job, acting U.S. Attorney for the District of Columbia Ed Martin, due to insurmountable opposition in the Senate. Appointed in January, Martin’s term in the role expires on May 20, and he would need Senate confirmation by then to take up the post in a full capacity.

    Trump cited Pirro’s extensive legal background in his post announcing her nomination.

    “Jeanine was Assistant District Attorney for Westchester County, New York, and then went on to serve as County Judge, and District Attorney, where she was the first woman ever to be elected to those positions. During her time in office, Jeanine was a powerful crusader for victims of crime. Her establishment of the Domestic Violence Bureau in her Prosecutor’s Office was the first in the Nation.”

    “She excelled in all ways,” Trump said.

    Pirro previously hosted the show “Justice with Judge Jeanine” on Fox News for ten years. She is currently a co-host of “The Five,” also on Fox News.

    She’s become known for her tough-on-crime attitude toward law enforcement, often speaking critically of policies on violent crime, which aligns with Trump’s plans to reduce crime in the nation’s capital.

    If confirmed by the Senate, Pirro would instantly become one of the most powerful and important prosecutors in the country, rivaled only by the U.S. attorney for the Southern District of New York, which includes Manhattan.

    It remains to be seen whether the Senate will be more amenable to Pirro’s nomination than they were to Martin’s.

    Without Senate confirmation, the choice of a permanent replacement will fall to a panel of federal judges on the U.S. District Court for the District of Columbia, led by Chief Judge James Boasberg.

    Tillis tied this opposition to Martin’s legal work and advocacy related to Jan. 6 defendants arrested under President Joe Biden’s administration.

    “If Mr. Martin were being put forward for any district except the district where Jan. 6 happened—the protest happened, I’d probably support him, but not in this district,” Tillis told reporters on Tuesday.

    Martin, known for representing defendants charged in the Jan. 6, 2021, breach of the U.S. Capitol, defended his past advocacy in a meeting with Tillis on Monday evening. While the senator said Martin “did a good job” of explaining that some individuals were “over prosecuted,” he said “there were some—two or three hundred of them—that should have never gotten a pardon.”

    The senator said he believes that anyone who breached the Capitol on Jan. 6, 2021, should serve prison time.

    “Whether it’s 30 days or three years is debatable,” he said, “but I have no tolerance for anybody who entered the building—and that’s probably where most of the friction was.”

    In lieu of the position, Trump announced that he would be appointing Martin to several roles at the Department of Justice where he would oversee investigations into alleged weaponization of law enforcement against conservatives under the Biden administration.

    “Ed Martin has done an AMAZING job as interim U.S. Attorney, and will be moving to the Department of Justice as the new Director of the Weaponization Working Group, Associate Deputy Attorney General, and Pardon Attorney,” Trump said in a post on Truth Social.

    “In these highly important roles, Ed will make sure we finally investigate the Weaponization of our Government under the Biden Regime, and provide much needed Justice for its victims. Congratulations Ed!”

    Tyler Durden Fri, 05/09/2025 - 08:10
  3. Site: Fr. Z's Blog
    1 day 6 hours ago
    Author: frz@wdtprs.com (Fr. John Zuhlsdorf)
    One of the thing that a new Pope has to do, is tie up the loose ends left by his predecessor. There are no ends looser that one can imagine that the DUBIA about Amoris laetitia submitted in 2016 to … Read More →
  4. Site: southern orders
    1 day 6 hours ago
    Pope Leo chants his first Mass in Latin! He has a nice chanting voice and even chants the Sign of the Cross and Greeting! He has very nice vestments, a nice alb and miter. He uses a very nice pastoral staff, perhaps the one Pope Benedict used? 

    I hope he gets more papal looking shoes though. If he doesn’t use the bright red type of Pope Benedict, perhaps the more maroon shoes of St. Pope John Paul II.

    I am disappointed that the faux altar was placed in front of the magnificent original altar of the Sistine Chapel and no crucifix facing the pope on the faux altar with rinky-dink candles and candlesticks. 

    As Pope Leo enters and exits the Sistine Chapel, His Holiness blesses those rather than waving or ignoring those in the congregation! Praise God!

    Pope Leo introduces the Penitential Rite reading exactly what is in the Latin Modern Roman Missal. There is no vain and secular chattiness or welcoming or mini homily, praised by Jesus Christ! The Confiteor is used.

    Praise God, Pope Leo chants the introduction to the Gloria in Latin!!!! He does not chant the Collect, though! 

    Unfortunately, His Holiness does not use the Roman Canon, but rather Eucharistic Prayer III but in Latin. 

    The first video is a synopsis of Pope Leo's first Mass as Supreme Pontiff with the Conclave Cardinals in the Sistine Chapel. The Second is the full Mass. Below both videos is the summary of Pope Leo's homily by Vatican News:

     

     


    Pope Leo XIV to Cardinals: 'We are to bear witness to our joyful faith in Christ' 

    The morning after being elected the 267th Pope, Pope Leo XIV celebrates Mass with the Cardinal electors in the Sistine Chapel, reminding them that "we are to bear witness to our joyful faith in Christ" while warning that where faith is lacking, life loses meaning.

    By Deborah Castellano Lubov

    "We are called to bear witness to our joyful faith in Christ the Saviour..."

    Pope Leo XIV gave this heartfelt reminder during his first Mass as Pope on Friday, 9 May 2025, with the Cardinal electors and other Cardinals present in Rome, in the Sistine Chapel, the exact site where the electors, with at least a two-thirds majority, elected him as the 267th Pope on the fourth ballot on Thursday afternoon.

    In his homily, the new Pope called for always better cultivating a personal relationship with Christ; and he insisted that, without faith, life lacks meaning.

    However, the new US-born Pope began with a few words in English, in which he thanked the Cardinal electors for their trust in him.

    "I want to repeat the words from the Responsorial Psalm: 'I will sing a new song to the Lord, because He has done marvels,' and indeed, not just with me but with all of us.

    "My brother Cardinals, as we celebrate this morning," he encouraged them, "I invite you to reflect on the marvels the Lord has done, the blessings that the Lord continues to pour out on all of us through the Ministry of Peter.

    "You have called me to carry that cross, and to carry out that mission, and I know I can rely on each and every one of you to walk with me, as we continue as a Church, as a community of friends of Jesus, as believers, to announce the Good News, to announce the Gospel," he said.

    Christ showed us human holiness

    Pope Leo's homily, which he then pronounced in Italian, was centered on St. Peter, the first Pope, recalling his words in the Gospel according to St. Matthew: "You are the Christ, the Son of the living God," in order to illustrate that patrimony, made possible by persistent faith in the Lord, "that the Church, through the apostolic succession, has preserved, deepened and handed on for two thousand years."

    Reflecting on Peter's relationship with Christ, the Pope recalled that Jesus, our Saviour, alone reveals the face of the Father.

    "In Him, God, in order to make Himself close and accessible to men and women," he underscored, "revealed Himself to us in the trusting eyes of a child, in the lively mind of a young person and in the mature features of a man, finally appearing to His disciples after the Resurrection with His glorious body."  

    In this way, the Pope said, "He showed us a model of human holiness that we can all imitate, together with the promise of an eternal destiny that transcends all our limits and abilities."

    “Jesus showed us a model of human holiness that we can all imitate, together with the promise of an eternal destiny that transcends all our limits and abilities”

    A gift and a path

    The Pope noted that Peter, in his response, understands that it is both "a gift of God" as well as "the path to follow in order to allow himself to be changed by that gift," and affirmed that "they are inseparable aspects of salvation entrusted to the Church to be proclaimed for the good of the human race."  

    "Indeed," Pope Leo XIV marveled, "they are entrusted to us, who were chosen by Him before we were formed in our mothers’ wombs, reborn in the waters of Baptism and, surpassing our limitations and with no merit of our own, brought here and sent forth from here, so that the Gospel might be proclaimed to every creature."

    Called me to be faithful for the Church

    The new Pope recalled that God called him, with his election as the 267th Pope yesterday afternoon, to succeed Peter, and, as such, "has entrusted this treasure to me so that, with his help, I may be its faithful administrator for the sake of the entire mystical Body of the Church. "

    Yet, Peter, the Pope remembered, makes his profession of faith in reply to a specific question, 'Who do people say that the Son of Man is?”'

    This question, Pope Leo highlighted, is not insignificant and concerns "an essential aspect of our ministry, namely, the world in which we live, with its limitations and its potential, its questions and its convictions."

    Two different attitudes

    “Who do people say that the Son of Man is?” the new Holy Father repeated, noting, "If we reflect on the scene we are considering, we might find two possible answers, which characterize two different attitudes."

    First, Pope Leo said, there was the response of the world, which "will not hesitate to reject and eliminate Him" once "His presence becomes irksome" also because of "His stern moral requirements."

    Then there is the other possible response to Jesus’ question, that of ordinary people, who see Him "as an upright man of courage"; but to them "He is only a man, and therefore, in times of danger, during His passion, they too abandon Him and depart disappointed."

    Missionary outreach needed where difficult to preach witness

    What is striking about these two attitudes, the Pope said, is their relevance today, for, they, the Holy Father acknowledged, embody notions that we could easily find on the lips of many men and women in our own time, even if, while essentially identical, they are expressed in different language.

    "Even today," he warned, "there are many settings in which the Christian faith is considered absurd, meant for the weak and unintelligent.  Settings where other securities are preferred, like technology, money, success, power, or pleasure."

    These are contexts, he highlighted, "where it is not easy to preach the Gospel and bear witness to its truth, where believers are mocked, opposed, despised or at best tolerated and pitied."  

    "Yet, precisely for this reason," he said, "they are the places where our missionary outreach is desperately needed."

    Lack of faith accompanied by lack of meaning in life

    "A lack of faith," Pope Leo underscored, "is often tragically accompanied by the loss of meaning in life, the neglect of mercy, appalling violations of human dignity, the crisis of the family and so many other wounds that afflict our society."

    Today, he observed, "there are many settings in which Jesus, although appreciated as a man, is reduced to a kind of charismatic leader or superman."

    Acknowledging this happens "not only among non-believers but also among many baptized Christians," Pope Leo warned that, as such, they "end up living, at this level, in a state of practical atheism."

    With this in mind, Pope Leo reassured the congregation, "This is the world that has been entrusted to us, a world in which, as Pope Francis taught us so many times, we are called to bear witness to our joyful faith in Christ the Saviour."

    "Therefore," he continued, "it is essential that we too repeat, with Peter: 'You are the Christ, the Son of the living God.'"

    Daily journey of conversion

    He said it is essential to do this, first of all, in our personal relationship with the Lord, in our commitment to a "daily journey of conversion."  

    Then as a Church, we are to do the same, he reminded them, "experiencing together our fidelity to the Lord and bringing the Good News to all."

    "I say this first of all to myself, as the Successor of Peter, as I begin my mission as Bishop of Rome," he expressed, sharing that he does so according to the well-known expression of Saint Ignatius of Antioch, "to preside in charity over the universal Church."

    He recalled that "Saint Ignatius, who was led in chains to this city, the place of his impending sacrifice, wrote to the Christians there: 'Then I will truly be a disciple of Jesus Christ, when the world no longer sees my body.'” 

    Moving aside to make space for Christ

    "Ignatius," Pope Leo explained, "was speaking about being devoured by wild beasts in the arena – and so it happened," he clarified, adding, "But, his words apply more generally to an indispensable commitment for all those in the Church who exercise a ministry of authority." 

    Specifically, he underscored, that commitment "is to move aside so that Christ may remain, to make oneself small so that he may be known and glorified, to spend oneself to the utmost so that all may have the opportunity to know and love Him."

    Pope Leo XIV concluded his homily by praying, "May God grant me this grace, today and always, through the loving intercession of Mary, Mother of the Church."


  5. Site: Novus Motus Liturgicus
    1 day 6 hours ago
    Lost in Translation #125 After the lavabo, the priest goes to the middle of the altar, looks up to Heaven, and, bowing, asks the Triune God to receive his entire offering: Súscipe, sancta Trínitas, hanc oblatiónem, quam tibi offérimus ob memoriam passiónis, resurrectiónis, et ascensiónis Jesu Christi, Dómini nostri, et in honórem beátae Maríae semper Vírginis, et beáti Joannis Baptistae, et Michael P. Foleyhttp://www.blogger.com/profile/02649905848645336033noreply@blogger.com0
  6. Site: Rorate Caeli
    1 day 6 hours ago
    A very good first sermon of the new Pope in the mass with the Cardinals at the Sistine Chapel. No buzzwords, just Christ-God. Christological, Christ-centered, Patristic.Leo spoke briefly in English before his sermon, saying:"I want to repeat the words from the Responsorial Psalm: 'I will sing a new song to the Lord, because He has done marvels,' and indeed, not just with me but with all of us."MyNew Catholichttp://www.blogger.com/profile/04118576661605931910noreply@blogger.com
  7. Site: Mises Institute
    1 day 7 hours ago
    Author: David Gordon
    This week on Friday Philosophy, Dr. David Gordon reviews The Price of Our Values by Augustin Landier and David Thesmar. While the authors claim that economists often substitute utilitarianism for moral values, they dismiss any ide of objective standards for morality.
  8. Site: AsiaNews.it
    1 day 8 hours ago
    Cardinal Prevost, a spiritual son of St Augustine, was elected pope on the very day the Church celebrated the liturgical feast of the martyrs of Algeria, among whom were two Augustinian nuns. And in the description of the 'disarmed and disarming' peace of the Risen Christ proclaimed by the new pope in his firstUrbi et Orbiblessing, there echoed the prayer once written by Christian de Chergé, the prior of Tibhirine.
  9. Site: Real Investment Advice
    1 day 8 hours ago
    Author: RIA Team

    The concepts of "smart money" versus "dumb money" refer to the level of investors' information and experience. Smart money, typically institutional investors and often seasoned professionals, has extensive research and is more adept at data analysis. Therefore, they tend to have more disciplined strategies and are less impacted by negative behavioral traits. Conversely, dumb money, or non-professional investors, is often characterized by emotional decisions and trend/momentum-chasing. Historically, smart money tends to outperform dumb money. However, there are market periods like early 2021 when retail trading on platforms like WallStreetBets outmaneuvered hedge funds.

    As shown below, smart money (institutions and hedge funds) is aggressively selling this market while individual investors, aka dumb money, are aggressively buying. The difference in opinions is stunning. Hedge funds and institutions are both at or near records for negative stock market outflows, representing extreme bearishness. Conversely, individuals have been buying the dip at the highest rate since 2008. Who will be right this time?

    smart money and dumb money flows

    What To Watch Today

    Earnings

    • No notable earnings releases today

    Economy

    Economic Calendar

    Market Trading Update

    As noted yesterday, we continue to trace out the 2022 market, so far anyway, which begs the question whether the next leg down for the market is about to begin, or if the correction is over. It's a great question with a tough answer. Yesterday, the market rallied sharply on news of a trade deal with the UK. In reality, we have a trade surplus with the UK, which means we should have had a tariff on them. However, that meant that a trade deal was far easier to reach than not. Nonetheless, the market took it as good news and rallied sharply toward the 200-DMA.

    From the bearish perspective, with the market short-term overbought, a decent amount of overhead resistance in place (the 100 and 200-DMA are close to converging), and economic data exhibiting some weakness, there is a decent risk of a near-term pullback. However, the bullish view is that momentum is improving, along with market breadth, and share buybacks are fully engaged for this month. Furthermore, the 20 and 50-DMAs support any short-term correction, allowing the bulls to increase equity exposure as needed. There is decent overhead resistance above the market, with support building just below. A breakout to the upside should lead to a significantly higher rally, ending the correction phase. A break below support, and there is also a decent amount of downside risk.

    Market Trading Update

    Notably, professional managers are very underweight equities, and the more the market rallies, the more they will be forced to increase exposure. If professional investors become bullish, the markets will likely continue to work higher over the next several months. Of course, that does not preclude 3-5% pullbacks along the way for better entry points to increase exposure.

    NAAIM 4-Week Avg Exposure.

    For the moment, the markets are caught in a bit of "no man's land." As such, while I am getting more constructive on the market, given the tight trading range, it will likely pay to be more cautious for now. While traders can play this range currently, investors should wait for a confirmed breakout above resistance to add to long exposures aggressively. While you won't have bought the bottom, there will still be plenty of upside to gain with much less risk to your capital.

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    Employment Is Not As Good As Powell Alludes

    In his post-FOMC press conference, Jerome Powell alluded that the labor market was in good shape. To wit:

    "April nonfarm payrolls report showed that hiring continued at a solid pace, with the economy adding a better-than-expected 177,000 jobs for the month."

    April job growth was 177k, but he failed to mention that prior months had been revised down sharply. Consequently, job growth is positive but weakening from last year's pace.

    The table below, courtesy of the BLS, tracks revisions to the monthly BLS payrolls data. After the first two columns, the month and year, is the original number of payroll gains. The following two columns show the ensuing monthly revisions. As shown, job growth has been lowered by 124k (-32k,-49k, and -43k). The second table below summarizes the original data and revisions for this year and the prior two years to help contextualize employment trends and the size of revisions. As it shows, the trend (using revised data) has been lower over the two-plus-year period, with more pronounced deterioration this year. Moreover, the average monthly revision has been worse this year than in 2023 and 2024. Typically, employment data revisions are most significant in the periods surrounding economic slowdowns and recessions. Thus, might data revisions indicate that employment is not as robust as Powell suggests?

    jobs employment growth and revisions

    employment trends

    How To Navigate RMDs And Minimize Taxes In Retirement

    Required Minimum Distributions (RMDs) are an unavoidable part of retirement planning for many Americans. While they are designed to ensure retirees eventually pay taxes on their tax-deferred retirement savings, RMDs can also trigger unintended tax burdens if not planned for correctly. With strategic planning, you can manage RMD withdrawals effectively while minimizing retirement taxes and preserving your nest egg.

    Minimum Distribution Requirements (RMDs)?

    RMDs are the minimum amounts that retirees must withdraw annually from certain tax-advantaged retirement accounts, such as:

    • Traditional IRAs
    • 401(k)s
    • 403(b)s
    • Other employer-sponsored retirement plans

    The IRS mandates that you begin taking RMDs starting at age 73 (as of 2023, due to SECURE Act 2.0). Failing to take your RMD results in a steep penalty—50% of the amount that should have been withdrawn.

    READ MORE...

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    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 Smart Money Or Dumb Money? Who Will Be Right appeared first on RIA.

  10. Site: Zero Hedge
    1 day 8 hours ago
    Author: Tyler Durden
    Goldman Thinks Nintendo's Switch 2 Will Blow Away Estimates, Sees No Supply Constraints

    Nintendo's first sales forecast for its highly anticipated Switch 2 console came in at 15 million units for the fiscal year ending March—falling short of Bloomberg's analyst consensus of 16.8 million. The miss may reflect growing trade uncertainty and mounting macroeconomic headwinds souring consumer sentiments. The console is slated for release in June.

    Goldman gaming analysts Minami Munakata and Haruki Kubota said Nintendo executives typically provide "conservative" estimates before any new console launch. 

    Here's Munakata and Kubota's first take on the weaker-than-expected sales forecast for Switch 2:

    FY3/26 guidance calls for operating profits of ¥320 bn (+13.3% yoy), assuming shipments of 15 mn units for Switch 2 hardware and 45 mn units for software. This is well below GSe (¥483.6 bn) and the Bloomberg consensus (¥449.3 bn).

    However, we would note that Nintendo's guidance has tended to be conservative at the time of new hardware launches, with upward revisions then following over the course of the fiscal year (as was the case when the Switch was launched).

    Management also said that its 15 mn volume assumption for the Switch 2 is a level it is targeting for year one, and that there are no supply constraints. Given strong demand, with around 2.2 mn customers registering for the Switch 2 ballot sale in Japan alone via the My Nintendo Store website, we think there is ample upside potential to guidance.

    The analysts continued: 

    It explained that while the Switch 2 has a higher selling price than the Switch, which could present a hurdle to early adoption, the Switch 2 offers platform continuity, including backward compatibility with existing game software, which could support penetration. The company also plans to offer bundled software. Management underlined that the 15 mn unit assumption does not reflect any supply constraints. Our conversations with investors have indicated expectations for shipments of 17-18 mn units, which we consider achievable given that Nintendo has confirmed no major supply constraints and that demand appears strong based on ballot sale registrations.

    Separately, Pelham Smithers, managing director at Japan equity research firm Pelham Smithers Associates, noted, "You will have a good portion who will think management is being cautious, knowing that there's little upside in being too bullish at this stage. However, you'll also have a portion that will be concerned that Nintendo may look to keep the Switch 2 in short supply through this fiscal year."

    Bloomberg Intelligence analyst Nathan Naidu commented on the positive pre-order trends:

    Nintendo's softer-than-expected fiscal 2026 sales and profit guidance vs. consensus is in line with an historically conservative stance, which tariffs probably justify. Positive pre-order trends in Japan, the US and other key markets suggest the company might achieve the 15 million-unit sales goal earlier for its Switch 2 video-game console. The 45 million software-unit goal also seems beatable, with the strong lineup of third-party games — including Cyberpunk 2077 — and in-house ones helping activate or entice upgrades among Nintendo's 366 million users.

    Two weeks ago, we commented on the numerous reports from major retailers about the Switch 2 selling out...  

    Nintendo Switch 2 Frenzy: "Selling Out" Across US Retailers As Tariffs Won't Impact Pricing https://t.co/iGaSCMTxm1

    — zerohedge (@zerohedge) April 24, 2025

    Recall that the Goldman analysts are Nintendo bulls who have previously stated that Switch 2 (the successor to the Nintendo Switch) will "unlock dormant hardware and dormant users" and send "the number of active consoles to continue to renew record highs." 

    Maybe Goldman and other analysts are correct—management could simply be offering conservative estimates ahead of the highly anticipated Switch 2 launch in June.

    Tyler Durden Fri, 05/09/2025 - 05:45
  11. Site: Crisis Magazine
    1 day 8 hours ago
    Author: Eric Sammons

    Habemus Papam! As I’m sure you’re all aware, we have a new pope: Leo XIV, formerly known as Cardinal Robert Francis Prevost, O.S.A. Although somewhat of a dark horse candidate, before the conclave he was seen as a potential “compromise” choice. However, his election on only the 4th ballot makes it hard to see that being the case; many Cardinals must have had him in mind before the doors were…

    Source

  12. Site: Real Investment Advice
    1 day 8 hours ago
    Author: Lance Roberts

    While coming in much stronger than expected, the latest employment data confirmed what we already suspected: the economy is slowing. The reason the employment data is so important is that without employment growth, the economy stalls. It takes, on average, about 200,000 jobs each month to keep up with population growth, which ultimately keeps the economy growing. That is because, as discussed in last week's #BullBearReport, the consumer comprises about 70% of economic growth. To wit:

    "There is currently no evidence that the economy is slipping into a recession. However, if you want to know if an economic decline will evolve into a recession, there is one key factor to consider: consumer spending. Consumer spending comprises nearly 70% of the GDP calculation, and everything else, from business investment to imports and exports, is a function of the consumer’s “demand.” In other words, if the consumer is slowing down or contracting spending, businesses will not “invest” in expansion projects, increasing employment, or buying more products for resale. That relationship is shown in the chart below, which compares PCE to employment and private investment."

    PCE vs Investment vs Employment

    However, most crucially, consumers can not consume without producing something first. Production must come first to generate the income needed for that consumption. The cycle is displayed below.

    Economic Cycle.

    Here is the most critical point. Not all jobs are equal.

    “For a household to consume at an economically sustainable rate, such requires full-time employment. These jobs provide higher wages, benefits, and health insurance to support a family. Part-time jobs do not.”

    While the media touts the ‘strong employment reports,’ such is mostly the recovery of jobs lost during the economic shutdown. However, the reality is that the full-time employment rate is falling sharply. Historically, when the rate of change in full-time employment dropped below zero, the economy entered a recession.

    Full Time Employment Change

    Notably, given the surge in immigration into the U.S. over the last few years, the all-important ratio of those employed full-time relative to the population has dropped sharply. As noted, given that full-time employment provides the resources for excess consumption, that ratio should increase for the economy to continue growing strongly. However, full-time employment has decreased since the turn of the century as automation, technology, and offshoring have risen. While President Biden recently touted strong employment growth in his SOTU address, full-time employment as a percentage of the working-age population failed to recover to pre-pandemic levels.

    Full Time Employment To Population

    Notably, sharp downturns in full-time employment have been coincident with recessionary onsets.

    Schedule an appointment

    No Recession, But Slower Growth Coming

    The latest employment data put to rest recession concerns, at least for now. Employment growth remains strong enough to support economic growth and quell concerns that CEOs are withdrawing from the job creation process. However, compensation continues to decline as economic demand slows.

    Compesation wages and salaries vs GDP.

    As is always the case, as the economy slows down, employers begin to change the most costly aspect of any business – employment. Cutting full-time jobs is the most efficient way to protect earnings and profitability. However, employers tend to hang on to employees as long as possible, as good employees are expensive to train and hard to replace. Eventually, if the demand falls too much, full-time employees are sacrificed to protect profits. As such, a reasonably predictable cycle continues until exhaustion is reached.

    Photo showing the cycle in an Economic Crisis.

    While we are seeing declines in full-time employment as the economy slows, we are now also seeing cuts in temporary help, which, as shown, is consistent with slowing growth. The reason is that cutting temporary employment is the first step by business owners to reduce employment costs while hanging on to full-time, and mostly crucial, employees. However, as noted above, once temporary workers are exhausted, the next step will ultimately be full-time employees.

    Temporary employment vs GDP

    The latest employment data did not provide much support for the "recession" crowd in 2025. As such, Wall Street analysts are quickly reversing their recession calls for this year, and are becoming more focused on slowing economic growth. However, that assessment can certainly change promptly if personal consumption expenditures take a turn for the worse. As noted above, nearly 70% of economic growth is derived from consumption; therefore, if consumption declines, employment falls, reducing consumption and further employment declines. When it accelerates, that cycle is the foundation for recession outcomes.

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    Indicators We Are Watching

    As noted, while the employment data is weak, there are certainly indicators we are watching closely to confirm whether "job loss" is accelerating. First, we pay attention to the Conference Board's measure of CEO confidence. Since the October 2022 lows, CEO confidence has continued to improve, and as of Q1, it rose to 60 from 51 in Q4 of 2024. That confidence increased full-time employment as the outlook for economic growth was improving heading into 2025. However, this is a lagging indicator, and the results of the Q1 survey were taken in February before the market decline and tariff announcements. Later this month, we will get an update to see if sentiment has changed, which could give us clues about future employment reports.

    CEO confidence vs Employment

    The second indicator we are watching is the NFIB small business confidence index. Specically,.it is their "plans" to increase employment versus what they do. Notably, employment by small businesses, roughly 50% of the total employment in the U.S., has remained stagnant since the pandemic. However, small business owners were very optimistic about hiring post-pandemic, expecting sharp improvements in sales. However, that optimism is fading quickly.

    NFIB vs Employment

    The reason is that, as discussed at the opening of this discussion, employment is a function of the demand for goods and services that businesses supply. As shown, expectations for sales surged following President Trump's election, but given that actual sales have failed to materialize, that optimism is fading rather quickly. Expectations for business owners are one thing, but without actual increases in sales, which drive revenue, there is little reason to increase full-time employment, which is why it has remained stuck at lower levels since 2020.

    NFIB Expected vs Actual

    Conclusion

    Given the importance of consumption in the economy and that employment (production) must come first in the cycle, attention to employment data, particularly full-time employment, is crucial to determining economic risk. The risk of a recession remains very low; however, that can change if something causes consumption to contract quickly. Aside from an unexpected, exogenous impact, investors should expect economic growth to continue to slowly weaken to a longer-term trend slightly less than 2% annually. Unfortunately, while not recessionary, that growth rate will make it hard for corporate profitability to remain at record levels.

    Eventually, a valuation adjustment in the financial markets will reflect the reality of a slow-growth economy. However, that isn't today. However, the risk of a decade of low returns as markets normalize for a slow-growth economy is steadily increasing.

    Just something to consider.

    For more in-depth analysis and actionable investment strategies, visit RealInvestmentAdvice.com. Stay ahead of the markets with expert insights tailored to help you achieve your financial goals.

    The post Employment Data Confirms Economy Is Slowing appeared first on RIA.

  13. Site: PeakProsperity
    1 day 8 hours ago
    Author: Chris Martenson
    Join Chris and Evie for the Signal Hour live at 1pm ET.
  14. Site: Crisis Magazine
    1 day 9 hours ago
    Author: Greg Schlueter

    Yesterday, in the heart of the Catholic Church, a sacred drama reached its summit. The conclave has ended. White smoke has risen. A new pope has been chosen — a moment that reaches back through centuries, a moment when the Church stands poised, not merely looking to the future, but standing at the crossroads of eternity. Inside the Sistine Chapel, beneath Michelangelo’s fresco of the Last Judgment…

    Source

  15. Site: Crisis Magazine
    1 day 9 hours ago
    Author: Austin Ruse

    There was much silliness leading up to this week’s conclave. For example… Did you see that Cardinal Chomali of Santiago washed his own white shirt in order to “arrive at the conclave spotless!” There is even a picture of his hands washing the shirt! Yeah, amazing! Did you hear that Cardinal Oscar Rodriquez Maradiaga left Rome in a huff, said to be bitter and disillusioned that “too many…

    Source

  16. Site: Zero Hedge
    1 day 9 hours ago
    Author: Tyler Durden
    Judge Blocks Trump Admin From Swiftly Deporting Illegal Immigrants To Libya

    Authored by Tom Ozimek via The Epoch Times (emphasis ours),

    A federal judge has blocked the Trump administration from deporting illegal immigrants to Libya or any other country of which they are not citizens without first giving them notice and an opportunity to claim protection under U.S. law, after reports surfaced of an imminent military flight carrying detainees to the North African nation.

    Venezuelans arrive home after being deported from the United States, at Simon Bolivar International Airport, in Maiquetia, Venezuela, on April 3, 2025. Leonardo Fernandez Viloria/Reuters

    U.S. District Judge Brian Murphy, in a series of rulings issued on May 7 from the bench and in court filings, said that any effort to remove noncitizens without procedural safeguards would be a clear violation of an earlier injunction that he issued on April 18.

    “If there is any doubt—the Court sees none—the allegedly imminent removals, as reported by news agencies and as Plaintiffs seek to corroborate with class-member accounts and public information, would clearly violate this Court’s Order,” Murphy wrote in his May 7 ruling.

    Murphy’s April 18 order prohibits the Department of Homeland Security (DHS) from carrying out a so-called third-country removal unless the detainee is first given written notice in a language he or she understands, a chance to request a reasonable fear screening, and at least 15 days to file a motion to reopen his or her immigration case if the screening is denied. That order effectively barred DHS from deporting an illegal immigrant with final removal orders to a country that is not his or her home country without first giving the immigrant a chance to raise claims that, if sent there, he or she would face persecution, torture, or death.

    The judge’s emergency ruling on May 7 came hours after the plaintiffs in the class-action case filed a request for a temporary restraining order, citing news reports and attorney declarations indicating that DHS and possibly the Department of Defense (DOD) were preparing to deport several Laotian, Vietnamese, and Filipino nationals to Libya without those protections in place.

    This motion should not even be required as it blatantly defies this Court’s preliminary injunctions,” attorneys for the plaintiffs wrote, while describing Libya as a country “notorious for its human rights violations.”

    In two electronic orders issued later on May 7, Murphy reinforced the scope of his prior injunction and indicated that deportations carried out in coordination with the DOD may also fall under the court’s scrutiny. He scheduled expedited discovery into the role of both the DHS and DOD in recent removals and requested a briefing on whether the Pentagon should be formally added to the case as a defendant.

    In their emergency motion, attorneys for the plaintiffs cited a reported flight plan involving a U.S. Air Force C-17 departing from Kelly Field in Texas to Misrata Airport in Libya, along with accounts that Immigration and Customs Enforcement officers had allegedly instructed detainees to sign documents agreeing to removal to Libya or face what amounted to solitary confinement.

    According to filings in the case, some plaintiffs had previously been granted protection from removal to their home countries under the Convention Against Torture but were later told they could be sent to third countries not included in their original orders.

    A Justice Department spokesperson did not immediately return a request for comment.

    The case comes amid the Trump administration’s broader effort to expand its deportation program and explore new destination countries for foreign nationals ordered removed from the United States.

    President Donald Trump recently questioned whether individuals who entered the United States illegally are entitled to the same due process rights as citizens.

    In an interview that aired on May 4 on NBC’s “Meet the Press,” Trump said that such a requirement would require having “a million or 2 million or 3 million trials,” suggesting that a fast-tracking of deportations of proven illegal immigrants may be the most appropriate solution.

    The president added that his administration’s lawyers “are going to obviously follow” U.S. Supreme Court rulings.

    Tyler Durden Fri, 05/09/2025 - 05:00
  17. Site: Rorate Caeli
    1 day 9 hours ago
     Certificate of the Public Instrument of Acceptance of the Roman Pontificate by Cardinal Prevost and formal registration of the name he assumed, drawn up by the Master of Pontifical Liturgical Celebrations acting as notary. (Source: Office of Pontifical Celebrations X account @UCEPO)New Catholichttp://www.blogger.com/profile/04118576661605931910noreply@blogger.com
  18. Site: Zero Hedge
    1 day 9 hours ago
    Author: Tyler Durden
    India's Defense Budget Outgrows Pakistan's

    Pakistan and India have long been at loggerheads over territory in the region of Kashmir and this week saw tensions explode again as India launched air strikes on Pakistan's territory Wednesday morning in the aftermath of a terrorist attack that killed 26 Indians two weeks ago.

    Both countries have been at war several times and have seen mobilizations on their respective borders over countless issues, most of them territorial. 

    The last border crisis in 2019 also emerged after a terror attack in Kashmir, which killed 40 and was allegedly planned by militant group Jaish-e-Mohammed. India subsequently launched airstrikes into Pakistan's territory, at the time the first such maneuvers by the Indian Air Force since the Indo-Pakistan War of 1971.

    As Statista's Katharina Buchholz shows in the chart below, India is the larger nation of the two and also has a larger military budget, according to data by Stockholm Internation Peace Research Institute. 

     India’s Defense Budget Outgrows Pakistan’s | Statista 

    You will find more infographics at Statista

    Recently, India has grown its defense budget significantly, far outperforming Pakistan. 

    Looking at per-capita defense spending, however, the two nations are closer together.

    Media reports that both countries have modernized their militaries after 2019.

    Tyler Durden Fri, 05/09/2025 - 04:15
  19. Site: AsiaNews.it
    1 day 9 hours ago
    Just as Putin today celebrates the parade marking the 80th anniversary of the end of World War II with the leaders of all 'friendly' countries, Dmitry Steshin—one of the most fervent pro-Russian war correspondents from the Ukrainian front—speaks about the tense situation in the North Caucasus republic: 'Dagestan lives by its own laws, drifting further and further from Moscow.'
  20. Site: AsiaNews.it
    1 day 10 hours ago
    Today's news highlights:In tariff negotiations with Beijing, President Trump wants to raise the 'case' of Jimmy Lai; Human rights groups appeal to Riyadh for the release of an activist in solitary confinement since February;Afghanistan is becoming a 'strategic corridor' linking Central and South Asia;Despite the ceasefire, Myanmar's junta continues air raids, destroying a hospital in Bago;In Nepal, pro-monarchy groups unite to push for the return of the king.
  21. Site: Zero Hedge
    1 day 10 hours ago
    Author: Tyler Durden
    Brussels Sues Five EU Countries For Failing To Enforce Digital Censorship

    Authored by Thomas Brooke via Remix news,

    The European Commission announced on Wednesday that it is referring five member states to the Court of Justice of the European Union (CJEU) for failing to properly implement the Digital Services Act (DSA), Brussels’ flagship legislation aimed at regulating online platforms.

    The countries facing legal action are Czechia, Spain, Cyprus, Poland, and Portugal. According to the Commission, these member states either failed to appoint a national Digital Services Coordinator (DSC) or failed to empower those bodies with the authority required to enforce the DSA.

    Additionally, none of the five countries has established penalties for violations of the regulation, as mandated by Brussels.

    “The DSA required member states to designate one or more competent authorities for the supervision and enforcement of the DSA, and to designate one of them as their national DSC by Feb. 17, 2024,” the Commission said in its press release

    “Member states are also required to empower their DSCs to enable them to carry out their tasks under the DSA.”

    Poland is singled out for not appointing or authorizing a national coordinator at all, while Czechia, Spain, Cyprus, and Portugal appointed such bodies but did not grant them the legal powers necessary to fulfill their responsibilities.

    The European Commission insists the DSA, which came into force in 2022, is designed to create a safer and more transparent online environment by requiring large platforms and search engines to combat illegal content, protect user privacy, and address public safety risks.

    Critics, however, argue that it risks overreach by incentivizing platforms to over-remove content, potentially stifling free speech; imposes disproportionate burdens on smaller platforms, reinforcing the dominance of Big Tech; and compromises user privacy through mandated data access for regulators.

    Disapproval of the regulation has been met by both libertarian politicians in Europe and by Republicans in Washington, DC.

    In February, United States House Judiciary Chair Jim Jordan sent a letter to the European Commissioner for Technology Henna Virkkunen expressing his “serious concerns with how the DSA’s censorship provisions affect free speech in the United States.”

    He argued that overregulation from Brussels would effectively create a “de facto global censorship standard” as social media platforms generally use one set of content moderation policies for consistent implementation worldwide.

    X owner Elon Musk has also weighed in on the bureaucratic nature of the DSA and its overzealous approach to content moderation, while U.S. President Donald Trump himself also called fines imposed on U.S. tech companies by Brussels for failing to adhere to the DSA a “form of taxation.”

    In Europe, Alternative for Germany (AfD) MP Maximilian Krah has argued that the DSA is designed to suppress dissenting viewpoints, claiming the legislation “is intended to prevent unorthodox and creative ideas from being shared on the internet,” while Sweden Democrats MEP Jessica Stegrud claimed an overfocus on combating disinformation and “harmful content” could undermine freedom of speech.

    The Commission first launched infringement proceedings against the five countries in 2024. Letters of formal notice were sent to Czechia, Cyprus, Poland, and Portugal in April, and to Spain in July. After the member states failed to comply, the Commission escalated the matter to the EU’s highest court.

    If the Court of Justice rules against them, the countries could face financial penalties and be required to act swiftly to meet their legal obligations.

    Read more here...

    Tyler Durden Fri, 05/09/2025 - 03:30
  22. Site: Rorate Caeli
    1 day 10 hours ago
     Fr. Claude BartheMay 8, 2025In the French Academy, we'd call this an “election of a Marshal”: on the second day of the conclave, in the fourth vote, Robert Francis Prevost just won an absolute majority, faster than Cardinal Ratzinger in 2005 and Cardinal Bergoglio in 2013.Born in Chicago in 1955, a religious of the Augustinian order, a highly competent jurist with long pastoral experience New Catholichttp://www.blogger.com/profile/04118576661605931910noreply@blogger.com
  23. Site: Mises Institute
    1 day 11 hours ago
    Edwin S. Corwin in The President: Office and Powers, 1878-1957 has argued that the Constitution is a tussle for control between the executive and legislature. It is, he claims, “an invitation to struggle for the privilege of directing American foreign policy.”
  24. Site: Zero Hedge
    1 day 11 hours ago
    Author: Tyler Durden
    Ukraine's Parliament Ratifies US Minerals Deal In Hopes Of Securing Future Arms

    The minerals deal is now official and legally binding for Ukraine as on Thursday Ukraine's parliament voted in favor of ratifying the controversial resources agreement with the United States. This was a final key step in its adoption.

    The Zelensky government is hoping this will more firmly secure future military assistance from Washington. The vote was unanimous: 338 Ukrainian lawmakers approved of ratifying it, and none opposed.

    Via AFP

    "The Ukrainian Parliament has ratified the historic Economic Partnership Agreement between Ukraine and the United States," First Deputy Prime Minister Yulia Svyrydenko announced on X.

    "This document is not merely a legal construct — it is the foundation of a new model of interaction with a key strategic partner," Svyrydenko added.

    Critics have warned that this could be a big resource grab by the United States, but since it's signing was accomplished in Washington last month, Trump administration rhetoric toward Kiev has softened. For example, Trump is no longer demanding that Ukraine quickly move toward holding new presidential and parliamentary elections.

    Meanwhile, Moon of Alabama has highlighted that there's still a fight on as well as confusion over some suppressed details of the deal, citing Strana, which reported (machine translation)...

    The opposition already accuses the authorities of concealing the main points about the deal. The fact is that the agreement on the creation of the fund, signed last week and already made public, is being submitted for ratification, and there are very few specifics in it. This is essentially a framework agreement. For all the main points in the text of the agreement, there are references to another document - the Limited Partnership Agreement. There is also a third document - the Foundation's charter.

    A number of deputies claim that all three documents have actually been signed (or agreed upon). But they showed only one-the least important and most abstract of them, from which it is not even clear what the Foundation will do in general.

    The government denies this, saying that only one document has been signed, and the rest will still be discussed.

    Trump has indicated the US could just walk away from efforts to mediate peace, if neither side is a willing partner. The White House has not said whether this means it would halt arms for Ukraine's military, or intelligence-sharing. 

    But the minerals deal means the US is indeed very likely to continue arming Kiev. After all, the White House now has more of an interest in protecting US 'investment' now and into the future.

    Still, it is a very long-haul agreement: "Two supplements would spell out the details and would be published at a later date, officials have said about the deal which might not see a payoff for a decade or longer," France24 notes.

    Tyler Durden Fri, 05/09/2025 - 02:45
  25. Site: Mises Institute
    1 day 12 hours ago
    Author: James Bovard
    Federal prosecutors were not able to produce any evidence at all other than an op-ed Ozturk wrote.
  26. Site: Zero Hedge
    1 day 12 hours ago
    Author: Tyler Durden
    Trump's Victory Day Decision Aligns With The Trend Of The Times

    Authored by Andrew Korybko via substack,

    Historical revisionism and nostalgic nationalism typify modern-day discussions of World War II...

    Trump announced that he’s “hereby renaming May 8th as Victory Day for World War II and November 11th as Victory Day for World War I”, adding that “We won both Wars, nobody was close to us in terms of strength, bravery, or military brilliance, but we never celebrate anything — That’s because we don’t have leaders anymore, that know how to do so!” He also claimed that “we did more than any other Country, by far, in producing a victorious result on World War II.”

    He posted this less than a week before the 80th anniversary of the end of World War II, which is celebrated in the West (and Ukraine since 2023) on 8 May and in Russia on 9 May, but the larger context concerns the trend of historical revisionism towards that conflict and nostalgic nationalism. World War II has taken on an almost mythological status in the West and Russia due to their brief wartime alliance, the war’s unprecedented carnage, and the way in which it shaped the world that everyone lives in today.

    80% of the Wehrmacht’s casualties occurred on the Eastern Front and the USSR ultimately captured Berlin to end the war, but not before the Nazis killed 27 million Soviet citizens, all of which Russians remember on this sacred day. The West’s contribution to victory wasn’t insignificant, nor was the number of their people who were also killed by the Nazis, but the Soviets’ were still much greater.

    This isn’t to downplay the West’s role and suffering but simply to remind people of the facts.

    In recent years, however, the Baltic States, Ukraine, and others like Poland have led the European effort to present the Molotov-Ribbentrop Pact, which was analyzed here, as proof that the USSR shares equal responsibility with Nazi Germany for starting World War II. They then built upon this allegation to detract from the Soviets’ contribution to victory, refocus attention on their own people’s suffering, and in the Baltic States’ and Ukraine’s case, downplay large-scale local collaboration with the Nazis.

    As these narratives proliferated across the West, leading countries like the US, the UK, and France then exploited them to exaggerate their contribution to victory, which led to the West as a whole developing a warped perception of exactly what happened during World War II.

    Trump appears to be one of those who fell for this revisionist framing seeing as how he falsely claimed as fact that “we did more than any other Country, by far, in producing a victorious result on World War II” when it was actually the USSR.

    Whether he knows the truth or not, his counterfactual assertion aligns with the trend of Western politicians taking advantage of the aforesaid narratives’ proliferation across their societies to stoke nostalgic nationalism, which sometimes translates into political dividends for them. 

    In Trump’s case, he wants Americans to remember their country’s military greatness that contributed to varying extents to its victory in the two World Wars, ergo his decision to rename both anniversaries accordingly.

    Russians and others who know the historical facts about the Soviet Union’s unparalleled contribution to victory in World War II will understandably object to his historically revisionist claim, but it shouldn’t have surprised them given the trend of the times. 

    If anything, it was surprising that it took this long for the US to finally catch up with its Western peers in this respect, but unlike them, Trump might seek to emphasize the US’ wartime alliance with the USSR in order to legitimize his envisaged “New Détente”.

    Tyler Durden Fri, 05/09/2025 - 02:00
  27. Site: Vox Cantoris
    1 day 13 hours ago

     One of these things...


    Is not like the other.

  28. Site: The Unz Review
    1 day 13 hours ago
    Author: Henry Wolff
    Liberal democracy is supposed to be a process, not an outcome. George Soros champions an “Open Society” that moves closer to truth by dispensing with irrational, authoritarian, and closed systems of values. Instead, through open debate, tolerance for minorities and dissidents, civil rights, and cosmopolitanism, democracies can find the truth. A king might draw legitimacy...
  29. Site: The Unz Review
    1 day 14 hours ago
    Author: Andrew Anglin
    The people saying the Kanye “Heil Hitler” song is bad because he’s a nigger are CIA. Firstly, the Lion King musical is good. That’s first. Second, saying “Hitler would kill Kanye” is retarded, and plays into stupid Jewish blood libels about Hitler. Hitler didn’t kill anyone and he wouldn’t kill Kanye. I’m not sure he...
  30. Site: AntiWar.com
    1 day 14 hours ago
    Author: Ted Snider
    The Trump administration warned recently that, if progress is not made in negotiations to end the war in Ukraine, they could walk away from the talks. On April 18, U.S. President Donald Trump said, “If for some reason one of the two parties makes it very difficult, we’re just going to say, ‘you’re foolish, you’re … Continue reading "US Change in Tone May Not be to Ukraine’s Benefit"
  31. Site: AntiWar.com
    1 day 14 hours ago
    Author: Kathy Kelly
    “We were so close,” Cassandra Dixon wrote, from Malta -where she had hoped to board Conscience, the aptly named Freedom Flotilla ship which two weaponized drones bombed on May 2, 2025, almost certainly launched by Israel. Cassandra had traveled to Malta after spending six weeks in Masafer Yatta, the West Bank region where, for two … Continue reading "We Were So Close: Life After Conscience and the Abraham Accords"
  32. Site: The Unz Review
    1 day 14 hours ago
    Author: Philip Giraldi
    I have in the past speculated that the day might come when President Donald Trump, he of a massive ego, might just become tired of his being manipulated and controlled by America’s Israel Lobby and by Israeli Prime Minister Benjamin Netanyahu in particular. I thought, and hoped, that he might become so annoyed that he...
  33. Site: The Unz Review
    1 day 14 hours ago
    Author: Tobias Langdon
    Where was the Queen then? Where is the King now? And where has the Church been throughout? Nowhere, that’s where. Neither the individuals nor the institution have spoken a word in condemnation of Britain’s burgeoning non-White rape-gangs or in defence of the White victims. And neither the individuals nor the institution can possibly say: “We...
  34. Site: The Unz Review
    1 day 14 hours ago
    Author: Ted Rall
    The philosopher Nigel Warburton shrugged: "Users of slippery slope arguments should take skiing lessons — you really can choose to stop." But slippery slopes are a thing precisely because people often choose to keep cruising along until they smash into Sonny Bono's tree. Critics from both parties describe Donald Trump's behavior and policies as unprecedented....
  35. Site: The Unz Review
    1 day 14 hours ago
    Author: Paul Craig Roberts
    Malwarebytes is a service that can help you to reduce your cybersecurity risks, but not eliminate them. The Internet will always be vulnerable, because it was developed as an open system. Malwarebytes reports on two recent new ways cybercriminals can steal your identity. One results from a problem in Google’s infrastructure that allows cybercriminals to...
  36. Site: The Unz Review
    1 day 14 hours ago
    Author: Kevin Barrett
    The first week of May 2025 coincided with the final days of the week-long International Court of Justice (ICJ) hearings on Israel’s genocide of Gaza. Representatives of more than forty countries, among them Russia, China, Ireland, Spain, Turkey, Malaysia, and Brazil, presented evidence that Israel is deliberately starving the population of Gaza to death. Israel...
  37. Site: AntiWar.com
    1 day 14 hours ago
    Author: John Mac Ghlionn
    In his recent piece for The Free Press, Michael Ames accuses others – journalists, NGOs, international aid agencies – of engaging in rhetorical manipulation. Yet the irony is almost unbearable: his own article is a masterclass in precisely that. Ames purports to clarify, to cut through the noise and deliver a sobering verdict on what … Continue reading "A Masterclass in Sanitized Cruelty"
  38. Site: 4Christum
    1 day 14 hours ago


    Matthew 7:15-16 “Beware of false prophets, who come to you in sheep’s clothing, but inwardly they are ravenous wolves.  You will know them by their fruits. 

    The Magisterium of the Church has decreed that the elevation of a heretic to the papacy, even if he were elected by all the cardinals, is invalid and null.
    Catholic Encyclopedia 1914 (Vol. 11, p. 456):

    “It is very clear that the election [as Pope] of a heretic, schismatic or woman would be null and void.”

    “Those capable of being validly elected are all who are not prohibited by divine law or by an invalidating ecclesiastical law… Those who are barred as incapable of being validly elected are all women, children who have not reached the age of reason; also, those afflicted with habitual insanity, the unbaptized, heretics, schismatics…” (Wernz-Vidal, Jus Canonicum 1:415)



    “[The vice of sodomy] leads to error, totally removes truth from the deluded mind... It opens up Hell and closes the gates of Paradise.” St. Peter Damian


    Matthew 7:15-16 “Beware of false prophets, who come to you in sheep’s clothing, but inwardly they are ravenous wolves.  You will know them by their fruits. 
                           
    2 Timothy 4:3

    For the time is coming when people will not put up with sound doctrine, but having itching ears, they will accumulate for themselves teachers to suit their own desires.


     From Rome Blog

    Editor’s Note: Saint Pius X said that the worst heresy is Modernism, which holds that something are true for you and false for me etc.., which is this Cardinal’s vision about invoking the Thrice Holy Name of God to approve of sodomy.

    I am publishing this article for historical record, and to warn Catholics not to accept such a man as validly elected to the apostolic see.

    To be a formal manifest heretic, it is sufficient to have publicly stated that you are in favor of anything which contradicts Divine Revelation. But the Second Commandment is part of Divine Revelation, and no cleric can be ignorant of the fact that the Divine Name cannot be invoked to approve of any sin whatsoever, let alone that sin which cries out to God for vengeance. Thus all clergy who approve of ‘Fiducia supplicans’ in any way clearly separate themselves from Jesus Christ and the Catholic Church. For a cardinal who is a formal and manifest heretic, he still can vote in Conclave; however, in accord with the Bull of Pau IV, his election cannot be considered by anyone as valid, no matter what, not even if all the Cardinals say it is.

    For more information about the gravity of the wickedness in approving of ‘Fiducia supplicans’ see FromRome.Info’s page “Contra Fiducia Supplicans“, which you can find linked in the upper menu of our website.

    For more information about Pope Paul IV’s decree, see here.


    Nine Months Ago: Cardinal Prevost Defends Francis' Judas Heresy – Gloria.tv


    St. Robert Bellarmine: “It is probable and may piously be believed that not only as ‘Pope’ can the Supreme Pontiff not err, but he cannot be a heretic even as a particular person by pertinaciously believing something false against the faith” (De Romano Pontifice, Book IV, Ch. 6).

  39. Site: Zero Hedge
    1 day 14 hours ago
    Author: Tyler Durden
    China Panics Ahead Of Trade-Talks, Shuts Down Its Economic Data

    Authored by Jeffrey Tucker via The Epoch Times,

    There is a social contract of sorts among all governments of the world to share economic data on prevailing conditions. Behind that practice is a collegial contest to see which nation has the healthiest system, which in turn serves the capital markets by helping to direct resources where they are needed.

    Sometimes the data is inaccurate. Sometimes there are lies. But in general, there is at least an attempt to play along with the expectation. This allows agencies and investors to make better assessments and prognostications, plus assist policy makers and central bankers in particular to make better judgments.

    There is a general rule in operation. The more transparent governments are with the data they collect, and the more freedom of speech that is permitted to interpret the data in different ways, the more credible it is. It is also likely that governments which share and discuss also have numbers of which they can feel pride.

    Rarely do nations go entirely silent on the market, as in turning off the switches and making the data rooms go dark. It is an ominous sign.

    This is precisely what has happened in China.

    Starting the last several months, and, in some cases, dating back several years, China has gone dark in reporting the following: land sales, foreign investment, unemployment numbers, business confidence, numbers of investors in financial markets, real estate valuation, retail sales, and even vital data on cremations so that health authorities have no idea what is going on. The bureaus have simply stopped reporting.

    With the second largest economy, and widespread doubt about the country’s economic health, this is gravely concerning.

    Close watchers have long raised doubts about China’s GDP data. We are told that the economy grew 5 percent last year, which would be extremely impressive. But such huge measures are subject to manipulation in every country but especially in one that has made the promise of extreme economic growth central to the power and permanent control by the CCP. Experts have suggested that growth rates have been exaggerated by 2 to 3 percentage points.

    This past December, a highly regarded Chinese economist, Gao Shanwen, was visiting Washington, D.C. colleagues at the Peterson Institute and sat on an expert panel. Thinking that perhaps he should speak his mind, he said very plainly that no one knows for sure what the growth rates in China are. He speculated that they might be about 2 percent.

    “My own speculation is that in the past two to three years,” he said, “the real GDP number on average might be around 2 percent even though the official number is close to 5 percent.”

    No one in the room thought anything about it. The speaker seems to have temporarily forgotten that he is not an independent actor and was in no position to offer his objective assessment.

    But word got out immediately in Beijing. He was immediately disciplined and silenced. He no longer holds a job in his old securities firm. His comments have been scrubbed from any sites accessible within China. He has lost his license to speak about economic affairs. Meanwhile, the Securities Association of China has instructed all people who speak about China’s economic health only to say nice things.

    We can gather from the above that the data that was once routinely reported is not saying nice things. It’s one thing to silence the economists but to silence the underlying data only ends in raising alarm bells.

    And those alarms have been rung, and now observers are considering the worst. There might be a hidden real estate crisis, and a major problem with unemployment added to it. Investment might be collapsing and government finances might be in major trouble.

    For decades, China has developed a stable system for economic growth that relied on five main pillars:

    1. Lower-cost manufacturing to compete and ultimately displace manufacturing in the West;

    2. U.S. consumers hungry to get ahead of their own falling wages and salaries with cheaper consumer products and intermediate goods;

    3. Central bank credits for business development built on large holdings of U.S. denominated debt;

    4. A domestic currency trading far below the trade-weighted average of the U.S. dollar, the world reserve currency, thus favoring exports over imports;

    5. State-directed and funded infrastructure development that calibrated investment based on national goals.

    It was never the free market that pundits imagined that it would become in the 1990s and beyond. But it was also helped by a loose regulatory environment that minimized the litigation overhang that vexes Western economies, and its agency impositions were tolerant of enterprise insofar as it never threatened political priorities.

    Crucially, China was able to benefit from the presumption that the global system of trade would never raise foundational questions about low tariffs and cross-border investment.

    That last presumption has dramatically changed. The first Trump administration began the process of reevaluation. This was in 2018 and the result was a documented decline in U.S. imports from China. This was reversed two years later with the pandemic onset that called upon China to provide vast goods back into the United States. Mass numbers of Americans found themselves mandated to wear masks, for example, most of which were imports from China.

    Five years later, the push to decouple the United States from dependence on China’s manufacturing sector is back on. The second Trump administration has wholesale reversed 80 years of U.S. precedent in trade policy with a turn toward tariffs. The hope is that these will help settle accounts, boost U.S. manufacturing, and provide a revenue stream to reduce reliance on high income taxation.

    Whether and to what extent this dramatic shift has this effect domestically in the United States, it has likely had a major impact on China’s economic prospects, simply because it challenges a long-running assumption that the U.S. would forever serve as China’s consumer marketplace.

    We should pause to consider the great irony of this whole situation. For centuries, businessmen have fantasized about the sheer size of China as a consumer, and imagined ways to invent products and services to sell.

    “A pair of shoes for every Chinese foot;” “China’s market will make us rich;” “A market of 400 million customers”—these slogans were bandied about for a century.

    But when it came right down to it, and herein we find the essence of the unpredictability of economic affairs, it was not China as consumer but China as manufacturer that dominated the landscape for decades following its opening.

    Only now do we see full consciousness dawn in the United States concerning the implications for U.S. manufacturing.

    What is to be done? A better path than protectionism is mass deregulation, a dollar more powerful at home and more competitive abroad, and lower costs of doing business through a renewal of the American entrepreneurial spirit. This will need to come one way or another. Trade barriers alone cannot hold back the tide.

    Meanwhile, China suddenly faces its own grave economic challenges, which could grow so substantially as to threaten even the political stability of the country. Right now, outside observers have been largely blinded as to how serious the situation has become. We just don’t have the data.

    Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

    Tyler Durden Thu, 05/08/2025 - 23:25
  40. Site: Restore-DC-Catholicism
    1 day 14 hours ago
    Author: noreply@blogger.com (Restore-DC-Catholicism)
  41. Site: The Unz Review
    1 day 14 hours ago
    Author: Jung-Freud
    There’s that song by the Rolling Stones, “You Can’t Always Get What You Want”, and it certainly applies to the Ukraine War, which should really be called the Judeo-Russian War. The conflict is essentially Jewish vs Russian because, if not for the Jewish supremacist factor, a war in Ukraine would have been highly unlikely. Historically,...
  42. Site: Zero Hedge
    1 day 15 hours ago
    Author: Tyler Durden
    These Are The Most Reliable Used-Car Brands In 2025

    In today’s environment, buying a new car has become a stretch for many households - fueling demand in the used-car market

    But not all used vehicles are created equal, and reliability plays a major role in long-term ownership costs.

    For buyers looking to avoid expensive repairs down the road, brand reputation is more important than ever.

    In this graphic, Visual Capitalist's Marcus Lu ranked the best used-car brands of 2025, using data from Consumer Reports.

    Data & Methodology

    To come up with these reliability scores, Consumer Reports asked its members to report how many problems they’ve had with their vehicles over the past 12 months.

    This analysis focused only on cars from the 2015 to 2020 model year, with a sample size of over 150,000 vehicles.

    From this data we can see that Japanese brands are generally the most reliable when buying used, with the lowest ranked Japanese brand being Subaru, in ninth place. Toyota and its luxury arm, Lexus, hold the top two spots, while Honda and Acura come in fourth and fifth.

    Brands like Lexus and Toyota have a history of conservative redesigns, incrementally improving their entire product line rather than introducing many all-new systems. Our data consistently shows over time that cars from those brands are reliable when new, and they continue to be reliable as they age.

    Steven Elek, Senior Automotive Data Analyst at Consumer Reports

    Top Used-Car Picks in 2025

    ​Consumer Reports has released its latest list of top used-car picks, all of which offer good reliability, safety, and value across various price points. These selections are based on comprehensive road tests and owner satisfaction surveys.

    For more detailed information and additional recommendations, visit the full article on Consumer Reports.

    If you enjoyed this post, check out our ranking of the most reliable new-car brands based on data from J.D. Power.

    Tyler Durden Thu, 05/08/2025 - 23:00
  43. Site: Zero Hedge
    1 day 15 hours ago
    Author: Tyler Durden
    Gold Reconsidered: A Strategy To Facilitate 21st Century United States Excellence

    By Vincent Lanci

    Summary: This report explores gold’s reemergence not merely as a store of value, but as a strategic monetary tool for circumventing sanctions, supporting trade diplomacy, and conducting debt management. Drawing upon historical precedent, contemporary developments, and theoretical frameworks such as Stephen Miran’s Mar-a-Lago Accord, this essay proposes that the United States is positioned to reengage in a sovereign-level gold trading for purposes of reducing debt, rewarding trade partners, and restoring the US manufacture-export base. This mechanism, once dominated by bullion banks and now emulated by sanctioned states, enables the monetization of gold without outright liquidation. Gold-forward hedges provide the United States with an opportunity to strategically weaken the dollar as a component of its need to remain competitive in export driven global economies, reduce debt obligations, and support trade-partner allies through targeted currency support. This report argues that gold’s transformation under Basel III, coupled with a shift in U.S. monetary strategy, marks a return to gold’s core geopolitical function.

    I. Introduction. Gold is a store of value; it is money. With its immutable physical properties, universal recognition, and lack of counterparty risk, gold serves as a uniquely effective asset in sovereign monetary operations. This paper explores how the U.S. can operationalize gold as a monetary instrument to manage debt, influence foreign exchange dynamics, and pursue geopolitical leverage in a deglobalizing world.

    II. Historical Foundation: The Bullion Bank Carry Trade. Beginning in the 1990s, bullion banks employed a gold carry trade model that enabled monetization without sale. This involved:

    • Holding physical gold owned or on loan from another party (spot position)
    • Selling that gold forward (creating a future potential liability)
    • Investing the proceeds in higher-yielding assets (e.g., Treasuries, stocks, or foreign bonds)

    This trade structure provided income while keeping physical reserves intact and suppressed upward pressure on gold prices. It became a cornerstone of central bank expectation management strategy and a projection tool of a stable, reliable USD.

    III. The Mar-a-Lago Accord. Stephen Miran’s Mar-a-Lago Accord offered a blueprint for leveraging gold to manage U.S. debt and trade imbalances. That proposal involved:

    • Selling U.S. gold reserves
    • Using proceeds to purchase foreign currencies with higher yields
    • Reducing the effective interest burden on U.S. liabilities

    Though politically toxic, the ESF and similar tools had already historically been used in currency stabilization crises. While Miran’s Accord was publicly shelved, some of its core mechanisms remain feasible.

    U.S. Sovereign Carry Workflow (Treasury → Forward Sale → Currency Purchase)

    IV. Gold and Sanctions Evasion. The Russia-Iran Model Sanctioned states such as Russia and Iran have leveraged gold to access dollar liquidity via trusted counterparties. By holding and hedging gold through countries like China, they generate liquid proceeds in local or global currencies that are ultimately converted to dollars. This allows them to fund operations while avoiding SWIFT and U.S. financial enforcement.

    The oil-for-gold arrangement between Russia and China first described by this paper’s author in 2017. set a precedent. Initially dismissed as rumor, it gained traction when later acknowledged by credible banking analysts. Most recently, an offshoot of its success was announced between China and Saudi Arabia in which the Saudis would receive payment for their oil in RMB with gold optionality attached. The gold would be held by China as it had been for Russian deals. This shows that gold can function as a sanctions-neutral reserve and transfer mechanism while simultaneously being a monetary bridge (mBridge) to the USD or other currencies if needed.

    Gold-Backed Sanction Evasion Flow (Russia → China → Trade → Dollars)

    V. Structural Shifts in the Gold Market: The macro and regulatory backdrop has shifted:

    • Basel III reclassifies gold as a Tier 1 asset
    • Recent OCC Gold derivative reclassification at Banks
    • These banks held over 90% of U.S. gold derivative exposure
    • BRICS countries now prioritize gold over Treasuries for trade reserves

    Together, these changes signal a revaluation of gold within both private and sovereign balance sheets.

    VI. A New U.S. Strategy: Gold-Backed Trade Diplomacy. The U.S. can now pursue a sovereign gold carry trade:

    • Forward-sale gold to trusted banks
    • Use proceeds to buy foreign currencies or EM debt
    • Prop up allied currencies, reduce dollar strength
    • Execute monetary stimulus while avoiding inflation mismanagement

    This framework allows integration of trade and monetary policy. As part of bilateral trade negotiations, the U.S. can offer to stabilize emerging-market currencies, reducing resistance to tariff reform and strengthening political ties.

    VII. Conclusion. Gold is returning to center stage as a versatile tool for 21st-century financial statecraft. By adopting carry trade mechanisms pioneered by bullion banks and mirrored by adversarial regimes, the U.S. has the opportunity to align debt management, currency strategy, and trade diplomacy. The convergence of regulatory changes, gold repatriation, and geopolitical fragmentation makes this moment uniquely ripe for gold’s strategic reintegration.

    Tyler Durden Thu, 05/08/2025 - 22:35
  44. Site: The Remnant Newspaper - Remnant Articles
    1 day 15 hours ago
    Author: editor@remnantnewspaper.com (Michael J. Matt | Editor)
    Michael Matt’s brief comment on the night that Cardinal Robert Prevost became Pope Leo XIV.
  45. Site: Zero Hedge
    1 day 16 hours ago
    Author: Tyler Durden
    Israeli-Made Suicide Drones Launched By India Against Pakistan, Some Intercepted

    Via Middle East Eye

    Pakistan shot down Israeli-made drones launched by India into its airspace on Thursday, following a series of Indian strikes across the country on Wednesday. Pakistan’s military said it had shot down 25 Israeli Harop drones on Thursday, including in Karachi and Lahore. An Indian government source confirmed that at least one Israeli drone had been downed by Pakistan. Both sides view the military claims made by the other as propaganda.

    The Indian source told Middle East Eye the drones were made in Israel and supplied to the Indian military by the Adani Group, a multinational company founded by Indian billionaire Gautam Adani, who has been close to Indian Prime Minister Narendra Modi for decades.

    An IAI Harop drone, used by India, pictured in a promotional video (screenshot)

    The Adani group shares a production line with Israeli military company Elbit, from which India provided Israel with Hermes 900 drones after the start of the war in Gaza.

    Over the last decade, India has imported military hardware worth $2.9 billion from Israel, including radars, surveillance and combat drones, and missiles.

    The Israel Aerospace Industries (IAI) Harop drone launched by India into Pakistan is an unmanned "suicide" or "kamikaze" aircraft, also known as a loitering munition. It is 2.5 meters long and has a three-meter wingspan. 

    The drone has been used in the Syrian war, by Israel, India and by Azerbaijan in the Nagorno-Karabakh war with Armenia.  

    Pakistan’s military spokesperson, Ahmed Sharif Chaudhry, said that aside from the drones shot down above Lahore and Karachi, Pakistan’s largest cities, one drone had been downed over the garrison city of Rawalpindi, home to the army’s headquarters.

    One drone hit a military target near Lahore and four Pakistani army personnel were injured in this attack, Chaudhry said. “Indian drones continue to be sent into Pakistani airspace... [India] will continue to pay dearly for this naked aggression,” he said. 

    This latest round of hostility between the nuclear-armed neighbors comes after India said it had hit “terrorist infrastructure” in Pakistan in the early hours of Wednesday, two weeks after it accused Pakistan of involvement in an attack in Indian-controlled Kashmir in which 26 people were killed.

    After the Rafale, Israeli Harop drones are falling like flies. pic.twitter.com/zg0rhqe6oa

    — Defence Pakistan (@Defence_PK99) May 8, 2025

    The Indian defence ministry said Pakistan had attempted to engage military targets in northern and western India on Wednesday night and early Thursday morning, and that they were “neutralized” by Indian air defense systems.

    While fears of an all-out war between Pakistan and India are growing, sources on both sides described the current situation as a “rhetoric war” that would not escalate further.

    Tyler Durden Thu, 05/08/2025 - 21:45
  46. Site: Zero Hedge
    1 day 16 hours ago
    Author: Tyler Durden
    When Will The US Lose Its Last WWII Veterans?

    As today marks the 80th anniversary of the official end of World War II in Europe, the number of people who witnessed the horrors of the war against Nazi Germany first hand is quickly dwindling. 

    Speaking to contemporary witnesses is perhaps the most effective way to learn from history, but fewer and fewer are available to recount what happened 80 years ago. 

    According to a recent YouGov survey, 37 percent of Americans said they knew little or nothing about World War II or the events leading up to it, showing how important it is to make sure the lessons learned in WWII outlive those who served in the conflict.

    16 million Americans fought in the World War II, but today their ranks are rapidly diminishing. 

    U.S. men and women who served in the conflict are now in their 90s (some are much older) with the U.S. Department of Veterans Affairs estimating that less than 70,000 are still alive today, a significant decline from the 930,000 alive in 2015 and more than two million five years before that.

    As Statista's Felix Richter reports, based on the best available Veteran data at the end of FY2023, the National Center for Veterans Analysis and Statistics used a deterministic projection model to estimate and project the veteran population for the next 30 years. Its findings show how the number of living WWII vets will rapidly decline over the coming years with the last ones expected to pass away in the early 2040s. The last American veteran of the First World War, Frank Buckles, passed away in February 2011, aged 110.

     When Will the U.S. Lose Its Last WWII Veterans? | Statista 

    You will find more infographics at Statista

    World War II was the largest and deadliest conflict in human history claiming the lives of over 50 million combatants and civilians by the time it ended in 1945. 

    More than 400,000 American service members died in the conflict, making it the deadliest war in America's history as well.

    Tyler Durden Thu, 05/08/2025 - 21:20
  47. Site: Zero Hedge
    1 day 17 hours ago
    Author: Tyler Durden
    FDA To Ramp Up Unannounced Inspections At Foreign Facilities

    Authored by Zachary Stieber via The Epoch Times (emphasis ours),

    The U.S. Food and Drug Administration (FDA) will be conducting more unannounced inspections at facilities outside the country, the agency announced on May 6.

    Dr. Marty Makary, commissioner of the Food and Drug Administration, speaks in Washington on May 5, 2025. Anna Moneymaker/Getty Images

    The FDA conducts about 3,000 inspections of foreign facilities each year, but many facility operators are informed of the inspections weeks or even months ahead of time.

    For too long, foreign companies have enjoyed a double standard—given advanced notice before facility inspections, while American manufacturers are held to rigorous standards with no such warning,” Dr. Marty Makary, the FDA’s commissioner, said in a statement. “That ends today.”

    The FDA said it intends to expand unannounced inspections at facilities that manufacture a range of goods, including food and medicine. According to the FDA, the expansion will “help expose bad actors—those who falsify records or conceal violations—before they can put American lives at risk. ”

    The move builds on an FDA pilot program that tested more unannounced inspections in China and India.

    Some U.S. lawmakers, including Sens. Rick Scott (R-Fla.) and Jim Justice (R-W.Va.), had recently asked the FDA to conduct more unannounced inspections.

    Investigators with the FDA previously told the Government Accountability Office that the downsides of letting facilities know before inspections are conducted include giving them time to clean up and implement new operating procedures. Twelve of the 18 inspectors who spoke to the office said that unannounced inspections are generally better.

    The office recommended that the FDA increase the number of inspections of foreign facilities in 2008 and found that the FDA was conducting many more domestic inspections than foreign inspections in 2010. In 2016, the office said the FDA had increased the number of foreign inspections, but that many facilities manufacturing drugs that enter the United States were never inspected.

    Click pic... add to cart... enjoy clean meat delivered cold to your door directly from the ranch...

    The FDA suspended virtually all foreign inspections after the COVID-19 pandemic started, although it later resumed the work.

    Dr. Janet Woodcock, a former FDA official, told lawmakers in 2019, before the pandemic started, that the FDA typically gives notice for foreign inspections because of logistics such as securing visas, “and partly because of the high costs of conducting foreign inspections.”

    When a surveillance inspection is announced, some manufacturers conduct a self-inspection or hire an independent inspector to ensure that manufacturing processes meet requirements,” she said.

    An audit of FDA inspections of foreign facilities producing drugs, reported in 2022 by the Department of Health and Human Services Office of Inspector General, identified problems with the inspections, including a lack of training documentation for some of the inspectors and a failure to issue warning letters to companies on a timely basis.

    The FDA concurred with the watchdog’s recommendations for improvement, including making sure inspectors have adequate training before conducting inspections.

     

    Tyler Durden Thu, 05/08/2025 - 20:55
  48. Site: Zero Hedge
    1 day 17 hours ago
    Author: Tyler Durden
    Columbia University Lays Off Nearly 180 Staff After Federal Grant Revocations

    Authored by Rudy Blalock via The Epoch Times (emphasis ours),

    Columbia University announced on Tuesday that it will lay off nearly 180 staff members after the Trump administration revoked more than $400 million in federal research funding, Columbia’s Office of the President said in a May 6 statement.

    The main campus of Columbia University in New York City on April 12, 2025. Caitlin Ochs/Reuters

    The layoffs, which represent about 20 percent of university employees who were funded by the now-terminated federal grants, come as Columbia grapples with the fallout from the U.S. Department of Education’s decision to cancel hundreds of millions in grants and contracts.

    The department cited the university’s alleged failure to adequately address persistent anti-Semitism on campus as the reason for the funding withdrawal.

    In a message to the Columbia community, acting President Claire Shipman, Provost Angela V. Olinto, Executive Vice President for Finance Anne Sullivan, and Executive Vice President for Research Jeannette Wing described the decision as “deeply challenging” and said it was made after a thorough review of the university’s research activity and financial outlook.

    Across the research portfolio, we have had to make difficult choices and unfortunately, today, nearly 180 of our colleagues who have been working, in whole or in part, on impacted federal grants, will receive notices of non-renewal or termination,” the statement read.

    The university said it has been engaged in a two-pronged effort in response to the funding crisis. First, it is working to restore partnerships with federal agencies that support critical research. Second, it has asked deans and principal investigators to prioritize research activities and develop plans for managing projects affected by the loss of federal support.

    During the review period, Columbia continued to pay salaries and stipends for those whose compensation had been covered by the terminated grants, according to the press release.

    Columbia’s leadership said they are continuing discussions with federal officials in hopes of resuming activity on the canceled research awards and other projects that remain active but unpaid.

    They said the financial strain is “intense,” and the university has been forced to reduce expenditures and scale back research infrastructure in some areas. Some departments are winding down activity but are prepared to reestablish capabilities if funding is restored, according to the university.

    The funding revocation follows President Donald Trump’s Executive Order 14188, signed on Jan. 29, which directs federal agencies to use all available legal tools to prosecute and hold accountable those accused of anti-Semitic harassment and violence on college campuses.

    The Department of Education launched investigations into several universities, including Columbia, where “widespread antisemitic harassment has been reported.”

    Universities must comply with all federal anti-discrimination laws if they are going to receive federal funding. For too long, Columbia has abandoned that obligation to Jewish students studying on its campus,” Secretary of Education Linda McMahon said in a statement.

    The Joint Task Force to Combat Anti-Semitism, which includes the departments of Justice, Health and Human Services, Education, and the General Services Administration, has been reviewing Columbia’s compliance with federal regulations, particularly under Title VI of the Civil Rights Act, which prohibits discrimination based on race, color, or national origin in federally funded programs.

    In response to the crisis, Columbia has established a Research Stabilization Fund to help mitigate future funding risks and support its scientific community. The fund will provide internal grants to scientists seeking alternate sources of funding or completing research for publication. The university will also contribute funds to support graduate students and postdoctoral fellows affected by the loss of federal training grants, according to the press release.

    “We are grateful for the exceptional leadership and professionalism of our deans, chairs, and senior management who have come together to navigate this critical moment with care and integrity, while upholding and advancing Columbia’s mission, values, and the unique qualities that make this a vital, extraordinary place,” the statement said.

    The university warned that further actions may be necessary in the coming months to preserve financial flexibility and invest in key areas.

    From NTD News

    Tyler Durden Thu, 05/08/2025 - 20:30
  49. Site: Real Jew News
    1 day 17 hours ago
    Author: Brother Nathanael

    Episode 79: Ye’s Heil Hitler Vid Is OFF Color
    May 8 2025

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    Br Nathanael Fnd Is Tax Exempt/EIN 27-2983459

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  50. Site: LES FEMMES - THE TRUTH
    1 day 17 hours ago
    Author: noreply@blogger.com (Mary Ann Kreitzer)

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