Distinction Matter - Subscribed Feeds

  1. Site: Ron Paul Institute - Featured Articles
    1 week 1 day ago
    Author: Ron Paul

    Last week, Moody’s Ratings lowered the United States credit rating. Fitch Ratings and S&P Global Ratings had already lowered the US rating. This new downgrade was driven by Congress’s failure to make any efforts to reduce the almost 37 trillion dollars national debt.

    When Moody’s made its announcement, the House Budget Committee was scrambling to get the votes to pass legislation extending the 2017 tax cuts.

    President Trump has dubbed this the “big beautiful bill.” The bill also has new tax cuts including repealing federal taxes on tips and overtime. The bill “offsets” the “lost” revenue from the cuts by making some cost saving reforms in domestic welfare programs, most notably Medicaid and food stamps. However, it increases spending in other areas, most notably military spending.

    According to the Committee for a Responsible Federal Budget, the “big beautiful bill” would increase the national debt by at least 3.3 trillion dollars over ten years. This number is likely to rise because several moderate Republicans are threatening to vote against the bill unless the Medicaid and food stamps “reforms” are limited or dropped.

    Tax cuts are always worth supporting because they advance liberty and sound economics by ensuring the people have more and the government has less. However, tax cuts that are not combined with real spending cuts are delayed tax increases. This is because cutting taxes without cutting spending leads to more debt that leads to higher taxes. These tax increases are likely to come from the Federal Reserve’s monetization of debt, which weakens the dollar’s purchasing power. This “inflation tax” benefits political and financial elites while hurting most Americans.

    The reason Republicans are finding it difficult to offset their tax plan in a way that is politically palatable is that they are following exactly the opposite of the politically smart path to cut spending. Instead of starting by cutting welfare for the poor, Republicans should have started by cutting welfare for the rich, particularly the military-industrial complex.

    Last week, while visiting the Middle East, President Trump delivered an important speech refuting the neocon crusade that has dominated American foreign policy thinking since 9-11. Yet, President Trump is proposing to increase the military budget to one trillion dollars.

    President Trump and congressional Republicans will never cut spending until they stop pretending they can pay down the national debt, cut taxes, and continue massive spending on militarism. Similarly, fiscal conservatives need to stop targeting single mothers on food stamps while increasing federal spending on foreign intervention.

    The debt that caused Moody’s and other credit rating agencies to lower the US government’s credit rating is because of spending, not tax cuts. Congress should be giving the people more tax cuts and offsetting them with deep cuts in military spending. Cutting spending wasted on a futile pursuit of a global empire is not just a fiscal necessity. It is also the best thing Congress can do to promote peace and prosperity. Congress should then begin phasing out welfare programs in a manner that does not harm those currently reliant on the programs. Congress should also rein in the welfare-warfare state’s great enabler by auditing then ending the Federal Reserve. It should also repeal the 16th Amendment. These actions would free the people from 1913’s great mistakes — fiat money and income taxes.

  2. Site: LifeNews
    1 week 1 day ago
    Author: Steven Ertelt

    A 25-year-old man identified as the suspect in a deadly bombing at a Southern California fertility clinic was driven by an extreme anti-natalist ideology that opposed human reproduction, authorities said, highlighting a chilling motive that targeted the sanctity of life.

    Guy Edward Bartkus of Twentynine Palms, California, was named by the FBI as the primary suspect in the Saturday explosion at the American Reproductive Centers in Palm Springs, which authorities are investigating as an intentional act of terrorism. The blast, which occurred just before 11 a.m., killed Bartkus, injured four others, and caused extensive damage to the clinic and surrounding businesses, though the facility’s embryo lab remained unharmed.

    According to law enforcement sources, Bartkus subscribed to an anti-baby philosophy, believing it was unethical to bring new life into the world without consent. In a 30-minute audio recording posted online, Bartkus expressed anger over his own existence and condemned in vitro fertilization (IVF) clinics for facilitating childbirth.

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    “I’m angry that I exist, and that, you know, nobody got my consent to bring me here,” he said in the recording, obtained by BNO News. He further criticized those who choose to have children, calling the decision “stupid.”

    FBI Assistant Director Akil Davis, speaking at a Sunday news conference, described Bartkus’ views as “nihilistic ideations” and confirmed the attack was deliberately aimed at the IVF facility. “This was a targeted attack against the IVF facility,” Davis said, noting it was likely the largest bombing crime scene in Southern California history.

    Bartkus attempted to livestream the explosion, setting up a camera on a tripod, but the footage failed to upload, sources told BNO News. Investigators also recovered two rifles—an AK-47 and an AR-style rifle—along with ammunition near the exploded vehicle, a 2010 silver Ford Fusion, according to an internal briefing obtained by the Los Angeles Times.

    Bartkus’ writings and online postings revealed a deep-seated opposition to population growth, aligning with fringe population control movements. A website linked to Bartkus called for a “war against pro-lifers” and outlined plans to target a fertility clinic, though a promised video of the attack was not uploaded, according to the Los Angeles Times. His father, Richard Bartkus, told The New York Times he believed the voice in the audio recording was his son’s, adding that Guy had previously set fire to the family home and was easily influenced by others.

    The explosion shattered windows and scattered debris across several blocks, but Dr. Maher Abdallah, who runs the clinic, expressed relief that no patients were present and all staff were safe.

    The post Fertility Clinic Bomber Was a Population Control Activist appeared first on LifeNews.com.

  3. Site: Saint Louis Catholic
    1 week 1 day ago
    Author: thetimman

    Time to ask a question as we pray by the rivers of Babylon:

  4. Site: RT - News
    1 week 1 day ago
    Author: RT

    A bill authored by Senator Lindsey Graham threatens additional tariffs if Moscow does not agree to a peace deal with Kiev

    US President Donald Trump is reportedly considering a new sanctions bill targeting Russia if it does not make progress in ceasefire talks with Ukraine, Bloomberg reported on Monday, citing European officials familiar with the matter.

    The legislation has been authored by Republican Senator Lindsey Graham – a longtime advocate of hardline policies against Moscow.

    The US imposed sweeping sanctions on Russia under former President Joe Biden following the escalation of the Ukraine conflict in 2022. Trump has since signaled a willingness to restore bilateral contacts and possibly even lift the sanctions as part of a negotiated peace.

    The Trump administration has said, however, that it would not pursue a peaceful resolution of the conflict indefinitely if no progress is made. 

    According to Bloomberg, US officials have privately told their European counterparts that Trump may allow Graham’s bill to proceed if “Russia doesn’t budge,” and could deliver the warning to President Vladimir Putin during a scheduled call on Monday.

    Graham, a prominent Russia hawk, has in the past called for Putin’s assassination, backed extensive military aid to Kiev, and stated that Russians dying in the Ukraine conflict is “the best money we’ve ever spent.” He has also praised Ukraine for fighting what he described as a proxy war on behalf of the US.

    In April, he proposed a sanctions package that he said would be “devastating” for the Russian economy, including 500% tariffs on goods from countries that continue trading with Moscow. He claimed that the proposal has majority support in the Senate.

    Read more US Secretary of State Marco Rubio at the White House, Washington, DC, April 30, 2025. US opposes ‘endless negotiations’ on Ukraine – Rubio

    US Secretary of State Marco Rubio also confirmed the possibility of additional sanctions on Moscow in an interview with CBS on Sunday, saying he conveyed this to Russian Foreign Minister Sergey Lavrov the day before, urging an immediate ceasefire. 

    Russia has rejected calls for an unconditional 30-day ceasefire, saying that while it is open to the idea, it is concerned that Ukraine would exploit the pause to rearm and continue its mobilization efforts. Moscow has instead insisted on negotiating a long-term resolution of the conflict that addresses the root causes.

    The EU has also approved its 17th package of sanctions on Russia, attempting to use it as a means of pressuring the country into making concessions to Ukraine.

    The Kremlin has described the West’s “language of ultimatums” as unacceptable. Former Russian President Dmitry Medvedev has warned that this rhetoric could result in “unsuccessful negotiations,” leading to a “more terrible stage of the war with new weapons and participants.”

  5. Site: LifeNews
    1 week 1 day ago
    Author: Steven Ertelt

    House Republicans worked late Sunday evening and advanced a key reconciliation bill that will defund Planned Parenthood and Big Abortion.

    The House Budget Committee, in a late-night meeting on Sunday, voted 17-16 to advance the “One Big Beautiful Bill Act,” which would defund America’s biggest abortion business. House members had spent several days last week haggling over nuances in the bill, and finally reached an agreement about some of those specifics.

    Four Republicans who had voted no to advance the proposal last week voted present so theb ill could move forward. They include Ralph Norman (S.C.), Chip Roy (Texas), Andrew Clyde (Georgia), and Josh Brecheen (Oklahoma).

    Following the vote, Speaker Mike Johnson said the House will continue to work on details as the measure moves to the Rules Committee in order to attract the votes of Republicans who are not yet on board.

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    “There’s a lot more work to do, we’ve always acknowledged that towards the end there will be more details to iron out, we have several more to take care of,” he told reporters.

    House Majority Leader Steve Scalise says he thinks the fiscal policy issues that prompted a handful of pro-life Republican lawmakers to defeat the bill will be resolved and the House will pass the bill this week.

    “We’re going to work through it. There were some questions they had for the Trump Administration. We were working on getting them some of those questions answered,” Scalise explained.

    “It goes to Rules [Committee], goes to the floor – Tuesday, Wednesday, Thursday, somewhere in there. As fast as we can get it done. Let’s get it done,” the pro-life congressman added.

    “We’re going to get the bill passed. Then, ultimately, by [this] week, Tuesday, Wednesday, Thursday, on the House Floor, that bill will pass,” he added.

    The House Energy and Commerce Committee signed off on the bill first last week.

    The good news for pro-life Americans is that the measure includes language to defund Planned Parenthood and Big Abortion. The abortion giant just announced that it killed over 420,000 babies in aboritons in its most recent year and mamade over $2 billion.

    There were several amendments by pro-abortion Demcorats to take out the pro-life language in that committee. They all failed.

    Nearly all committee Republicans voted against an amendment brought by pro-abortion Democrat Rep. Lizzie Fletcher to strike the language that would prohibit Planned Parenthood from receiving federal funds, even through Medicaid payments. Republican Reps. Mariannette Miller-Meeks and Gabe Evans did not vote on the amendment.

    Susan B. Anthony Pro-Life America, a leading pro-life group, celebrated that vote.

    “We congratulate Energy and Commerce Committee Chairman Brett Guthrie and House GOP allies for their hard work on a budget that serves moms, babies and taxpayers alike. SBA will proudly score in favor of this ‘one big beautiful bill’ that includes the vital priority of stopping forced funding of the abortion industry. To no one’s surprise, pro-abortion Democrats peddled lies and ran cover for abortion businesses like Planned Parenthood,” the group told LifeNews.

    “Their taxpayer funding increased almost $100 million in one year, hitting $792.2 million in 2023, as health care like pap smears and breast exams plummeted – all while ending a record 402,230 babies’ lives,” it added. “We applaud pro-life congresswomen Harshbarger, Houchin, Fedorchak and Lee for speaking out during the debate to set the record straight and defeat a Democrat amendment that would have kept funneling money to Big Abortion. The Big Abortion industry is focused on profits, politics and lawfare, not providing quality services for low-income women in a safe environment. Patients are far better off going to community health centers that outnumber Planned Parenthood 15:1, where Medicaid recipients among others can get much more comprehensive care.”

    Last week, a few Republicans in the House and Senate expressed their reservations about defunding Planned Parenthood within the budget bill. Asked about that, President Donald Trump expressed confidence that Republicans will resolve internal disagreements to advance legislation defunding Planned Parenthood.

    “I don’t know yet. I have to see because you’re just telling me that for the first time, we’ll work something out,” Trump said in response.

    The reconciliation process, which allows legislation to pass the Senate with a simple majority, offers Republicans a rare opportunity to strip federal funding from Planned Parenthood, the nation’s largest abortion business. Pro-life groups argue that taxpayer dollars, even if not directly funding abortions, indirectly subsidize Planned Parenthood’s operations, which include killing over 390,000 babies every year.

    Pro-life advocates emphasize that community health centers, which outnumber Planned Parenthood clinics and provide comprehensive care without abortions, can absorb patients if funding is redirected.

    House Speaker Mike Johnson, a staunch pro-life advocate, has signaled that defunding “big abortion” is a priority in the reconciliation bill, which also addresses Trump’s agenda on taxes, border security, and energy.

    The Hyde Amendment already prohibits federal funds from directly paying for abortions, except in cases of rape, incest, or to save the mother’s life. However, Planned Parenthood receives approximately $700 million annually through Medicaid reimbursements and Title X grants. Pro-life leaders argue this funding frees up resources for Planned Parenthood’s abortion operations.

    The reconciliation bill, which allows legislation to pass with a simple majority in both chambers, is seen as a critical opportunity to strip federal funding from Planned Parenthood, the nation’s largest abortion business. The abortion company received nearly $700 million in taxpayer funds in its 2022-2023 fiscal year, killing 392,715 babies in abortions, according to its annual report.

    Meanwhile, Representative Mary Miller (R-Ill.) is waging a fierce campaign among her Republican colleagues to make defunding Planned Parenthood a non-negotiable piece of the final proposal.

    Miller sent a passionate letter to Rep. Brett Guthrie (R-Ky.), chairman of the House Committee on Energy and Commerce, obtained by Breitbart News. In it, she urged Guthrie to “use every legislative option available to cease all federal funds going to Planned Parenthood,” exposing the organization’s deep entanglement in abortion and transgender treatments. “Abortions and transgender treatments have exploded in clinics across the country,” she wrote.

    Citing the Charlotte Lozier Institute, Miller highlighted that “abortions made up 97.1% of Planned Parenthood’s pregnancy services from 2021-2022, performing nearly 400,000 abortions.” She also underscored the crisis in her home state, noting, “In 2023, my home state of Illinois performed 72,143 abortions, the most in our history since the state started reporting abortion totals in 1973.” Miller laid bare Planned Parenthood’s financial empire, stating, “Due to a lack of decisive Congressional action, Planned Parenthood has become a federally funded health network with private assets valued at $2.5 billion. Recent numbers show that Planned Parenthood received nearly $700 million in taxpayer revenue from 2022-2023.”

    Her letter concluded with a call to action: “It is essential that we protect taxpayer dollars and stop funding this organization. President Trump has already issued an Executive Order that implements such a plan. Therefore, I urge you to do everything possible to ensure Planned Parenthood never receives another penny of taxpayer dollars.”

    Speaking to Breitbart, Miller doubled down, declaring, “Planned Parenthood is a multi-billion-dollar abortion business that continues to receive millions in federal funding.” She praised Trump’s leadership, stating, “President Trump had it right when he issued an Executive Order to cut off taxpayer dollars from abortion providers like Planned Parenthood,” and insisted, “it’s time for Congress to make that policy permanent. I urge the Energy and Commerce Committee to ensure that not another dime of American tax dollars goes to this murder-for-profit organization.”

    The post House Committee Advances Bill to Defund Planned Parenthood appeared first on LifeNews.com.

  6. Site: AsiaNews.it
    1 week 1 day ago
    Population growth has put pressure on the school system. The Department of Education plans to spend almost US$ 80 million to create new teaching positions. However, according to official statistics, 11 per cent of children and young people up to the age of 14 do not go to school due to household poverty. At present, 60 per cent of the 77.3 million Filipinos of working age are employed.
  7. Site: RT - News
    1 week 1 day ago
    Author: RT

    Beijing’s first-ever white paper on national security clearly shows that it now sees itself as an indispensable global force

    Last week, China released its first-ever white paper on national security. While the document brings no major breakthroughs, its publication is significant.

    It signals two key developments: Chinese leaders are increasingly concerned about the intensifying geopolitical confrontation, and they are ready to play a more assertive role in global affairs – challenging US dominance in the process.

    The economy-first reform pattern that characterized the leadership of Deng Xiaoping and his successors effectively ended with Xi Jinping’s rise to power. The Chinese often refer to the current phase as a ‘new era’, marked by profound changes both domestically and globally. Under Xi, the central government reversed centrifugal trends and reasserted the foundational principles of the socialist system, restoring the ruling party’s authority.

    Xi has not abandoned the focus on economic development but has paired it with a heightened emphasis on security. In 2014, he introduced a holistic approach to national security, established the National Security Commission, centralized power among top party leaders, and expanded the scope of what falls under national security. This shift triggered wide-ranging legislative reforms and culminated in China adopting its first National Security Strategy in 2021. The newly released white paper is another step along this path.

    Western commentators often depict Xi Jinping as an authoritarian figure preoccupied with maintaining social control. These portrayals are overstated and misleading, but it is undeniable that the scope of China’s national security has never been broader. The May document openly reflects this reality. Beijing sees its expanded security agenda as a response to mounting external threats, a destabilizing international order, and escalating geopolitical tensions amid a global shift toward multipolarity. Political security – defined primarily as safeguarding the party’s ruling status – remains the top priority. No compromises should be expected in this domain.

    China’s definition of national security now spans diverse areas: Economy, culture, science and technology, food and health, overseas interests, deep sea, outer space, and many others. This sweeping approach might complicate economic reform, as an overly securitized environment can stifle innovation, reduce openness, and prompt de-risking policies – already visible during the global pandemic. Yet Beijing appears aware of these risks and reiterates its commitment to deepening reform and opening up. Regardless, the fusion of development and security has become the ‘new normal’ and is poised to be a guiding principle in the upcoming 15th Five-Year Plan.

    Read more  Indian army soldiers patrol as they keep vigil at a forward post on the Line of Control (LoC) in Keran Kupwara, Jammu and Kashmir, India. Here’s what China stands to lose in the India-Pakistan crisis

    China’s approach also integrates domestic and international security. Its new international security doctrine has evolved over several years and took concrete form with the launch of the Global Security Initiative (GSI) in 2022. The initiative is a cornerstone of China’s recent diplomatic push, underscoring the abandonment of its previous defensive strategy. The long-standing doctrine of ‘hide your strength, bide your time’ is no longer in play. After decades of peaceful development, Beijing now positions itself as a frontrunner rather than a latecomer. Whether it can fully leverage this momentum remains to be seen.

    Still, the launch of the Global Security Initiative and similar initiatives show that China aims to influence global governance. Notably, Xi introduced the Global Security Initiative just weeks after Russia began its special military operation in Ukraine – timing that is unlikely to be coincidental. It suggests that China seeks to present itself as a constructive, peace-oriented, responsible, and stable global power – opposed to US hegemony but careful to avoid direct military confrontation, unlike Russia.

    China’s messaging emphasizes its commitment to universal and common security on the one hand, and adherence to international law on the other. In a 2022 speech at the Boao Forum for Asia, Xi described the world as an “indivisible security community.” When China released a policy paper on the Global Security Initiative a year later, the term ‘indivisible security’ reappeared – a noteworthy choice, as it draws from the Helsinki Accords and has long featured in Russian political discourse. Moreover, China has acknowledged the legitimacy of security concerns – concerns that were ignored by the West and contributed to the Ukraine conflict.

    Although the recent white paper uses the terms ‘universal’ and ‘common’ rather than ‘indivisible’ security, it does not make any difference. Fundamentally, China’s approach to international security and global governance diverges from that of the West. Beijing opposes hegemonism, spheres of influence, bloc politics, the export of liberal democracy, and the orchestration of color revolutions. It also criticizes the weaponization of economic tools, unilateral sanctions, extraterritorial jurisdiction, double standards, and other prominent characteristics of the declining ‘liberal empire’.

    Read more RT Voice from China: This is why Moscow and Beijing stand together, now more than ever

    At the heart of China’s national security lies a strong aversion to military alliances. From Beijing’s perspective, these alliances are inherently exclusionary and incompatible with common security. This view underpins China’s sympathy for Russia’s opposition to NATO and its understanding of the deeper causes behind the Ukraine conflict. China’s commitment to non-alignment has deep historical roots. Under Mao, China helped shape the principles of peaceful coexistence, which became a cornerstone of the Non-Aligned Movement. Following the Sino-Soviet split in the early 1960s, formal alliance commitments lost their relevance for Beijing. Since then, China has consistently favored flexible partnerships over binding alliances – with one notable exception: North Korea. Yet this is the exception that proves the rule.

    In advancing its interests, China may find common ground with other countries of the Global South, as most of them prioritize sovereignty, non-alignment, independent foreign policy, and political stability as a prerequisite for economic development and modernization. At the same time, China can count on Russia – its largest neighbor and key partner. Beijing sees Moscow as essential to maintaining global strategic stability and promoting shared security goals. The recent meeting in May between Xi Jinping and Vladimir Putin, held to mark the 80th anniversary of victory in the Great Patriotic War, and Xi’s presence at the Red Square parade, highlight the central role of the Sino-Russian relationship in shaping a multipolar world.

    The newly published white paper emphasizes this partnership’s significance for global security governance, placing it above China’s relations with all other global and regional actors except the United Nations. This is not merely symbolic – it reflects Beijing’s genuine strategic priorities.

  8. Site: AsiaNews.it
    1 week 1 day ago
    Nusrat Faria was detained at the airport as she prepared to board a flight to Thailand. She is accused of financing the crackdown on last summer's student protests. Seventeen other well-known figures from the film industry are also implicated. According to director Farooki, an advisor in the current interim government, the arrest follows public outrage after other Awami League leaders fled the country.
  9. Site: PaulCraigRoberts.org
    1 week 1 day ago
    Author: pcr3

    Comey Brought the FBI to Disgrace

    Paul Craig Roberts

    Biden FBI Director James Comey has been interviewed by the Secret Service for his social media post seemingly calling for the assassination of President Trump.  

    Comey’s FBI did its best to destroy President Trump.  The FBI orchestrated “Russia-gate,” encouraged two impeachments, raided Trump’s home as part of a highly publicized “documents-gate” accusation that Trump had stolen national security documents, framed and arrested as “insurrectionists” American citizens who used their Constitutional rights to protest a stolen presidential election.  And now this despicable blackguard has posted a photo of numbers made with sea shells in the sand that mean assassinate President Trump.

    Hopefully the excrement that Comey is will be arrested, tried, and sentenced. America’s reputation cannot afford Comey, or Biden, or any of the anti-white  anti-Americans that ran the corrupt Biden regime, one of the worst disgraces in American history.

    https://thepostmillennial.com/ex-fbi-director-james-comey-interviewed-by-secret-service-over-controversial-86-47-social-media-post?utm_source=deployer&utm_medium=email&utm_content=&utm_campaign=newsletter&utm_term=24625

  10. Site: PaulCraigRoberts.org
    1 week 1 day ago
    Author: pcr3

    The Question of the Day

    Why Does the US Supreme Court give immigrant-invaders priority over American Citizens?

    Biden’s Department of Justice (sic) politically persecuted January 6 protesters for years, with the Supreme Court taking forever to grant relief.

    Yet Tren de Aragua illegal alien terrorists got a favorable ruling in 24 hours.

  11. Site: PaulCraigRoberts.org
    1 week 1 day ago
    Author: pcr3

    In Remembrance of Western Civilization

    Paul Craig Roberts

    Here is my friend, concert pianist Balint Vazsonyi, playing Beethoven’s 4th piano concerto.  I listen to it regularly as it is restorative of one’s soul.  I recommend it to you.

    The combination of Beethoven and Vazsonyi show the heights of a disappearing culture once celebrated as Western Civilization, now derided as white racism. I wait to see if the Sodom & Gomorrah Tower of Babel being constructed for us by the Democrats and liberal-left will produce its match.

    https://www.youtube.com/watch?v=TFGkzGNeW0c 

  12. Site: PaulCraigRoberts.org
    1 week 1 day ago
    Author: pcr3

    Aided and Abetted by Western governments every European Woman regardless of age will have been raped by immigrant-invaders by the end of this year.

    Why haven’t these governments been dragged into the street and executed?

    Why are Europeans preparing for war with Russia when their own governments are at war with them?

    https://www.unz.com/article/rulers-and-rape-gangs-how-traitors-at-the-top-have-imported-and-incubated-non-white-evil/ 

  13. Site: PaulCraigRoberts.org
    1 week 1 day ago
    Author: pcr3

    Doctors who trust Big Pharma and Medical Boards Will Kill You.  Avoid them at all costs.

    Those yet to understand that the American health care system is totally corrupt will gain comprehension when they read this article:

    https://articles.mercola.com/sites/articles/archive/2025/05/18/how-politics-threaten-your-medical-freedom.aspx?ui=2fc2f6dbac85c9723816d28ab2dd1b8b57d121198c6c648409acc8929797f569&sd=20240213&cid_source=dnl&cid_medium=email&cid_content=art1ReadMore&cid=20250518&foDate=false&mid=DM1748474&rid=295663317 

  14. Site: AsiaNews.it
    1 week 1 day ago
    The Archbishop of Goa and President of the Federation of Asian Bishops' Conferences reflects withAsiaNewson Pope Prevost's inaugural homily: 'Love for all, unity in diversity, closeness to the poor and to cultures – this must be our way of being Church. We await him in our beloved India. And we will invite him to the FABC Assembly scheduled for 2026 in Malaysia.'
  15. Site: Novus Motus Liturgicus
    1 week 1 day ago
    Before the feast of St Peter Celestine was added to the general calendar in the reign of Pope Clement IX (1667-69), May 19th was the feast of St Pudentiana, already attested on this date in the so-called Martyrology of St Jerome in the 5th century. Prior to Pope Clement VIII’s editorial revision of the Tridentine breviary, her name was usually given as “Potentiana”; her traditional legend is notGregory DiPippohttp://www.blogger.com/profile/13295638279418781125noreply@blogger.com0
  16. Site: Mises Institute
    1 week 1 day ago
    Author: Frank Shostak
    People often confuse economic growth with growth in the stock market, but while these two things can be related, that is not always the case, especially during inflationary times.
  17. Site: southern orders
    1 week 1 day ago


    It is clear that Pope Francis will continue synodality which began under St. Pope Paul VI and continued with every pope since then. I think the greatest controversy with Pope Francis’ version of synodality is that laity involved were given rights to vote on an equal footing with the bishops present.

    Somehow, I think Pope Leo will address this aspect of Pope Francis’ synodality and make clear that ultimately the bishops in union with the Pope are the ones who rule, govern or lead, choose your word, as bishops with the fullness of orders. Everyone else, lower clergy, religious and laity participate in the three fold ministry of bishops to “teach, govern and sanctify” but don’t usurp the bishops’ role in this.

    I think also that Pope Leo’s ecumenism and interrelations dialogue and decisions will not in any way effect the doctrines and dogmas of the Church of the West and East. 

    I hope that His Holiness will take concrete steps to bring Protestants back into the full communion of the Church. Here Pope Benedict’s genius with “Anglican” Ordinariate is a template. 

    Given the fact that Martin Luther was an Augustinian priest, might it be possible that Leo an Augustinian priest might create a “Lutheran Ordinariate?”  Might there be a SSPX Ordinariate????  An Old Catholic’s Ordinariate????

    What I love about Leo is that he is clear, unambiguous and doesn’t gaslight Catholic in full communion with him.

    I had missed this in Leo’s homily at his initiation as Bishop of Rome, Vicar of Christ and Supreme Pontiff:

    "Where words take on ambiguous and ambivalent connotations, and the virtual world, with its altered perception of reality, takes over unchecked, it is difficult to build authentic relationships, since the objective and real premises of communication are lacking. … Furthermore, from the Christian perspective, truth is not the affirmation of abstract and disembodied principles, but an encounter with the person of Christ himself, alive in the midst of the community of believers."

  18. Site: RT - News
    1 week 1 day ago
    Author: RT

    Bucharest’s “electoral mess” shouldn’t even be called a presidential vote, the Russian Foreign Ministry spokeswoman has said

    Russian Foreign Ministry spokeswoman Maria Zakharova has dismissed allegations from Romania that Moscow interfered in the second round of the country’s presidential elections. In a statement on Monday, Zakharova pointed to the contentious nature of the vote in Romania, advising its officials to focus on “cleaning” their own reputation.

    The diplomat was responding to claims by Romanian Foreign Ministry spokesperson Andrei Tarnea, who alleged that there were “hallmarks of Russian interference” during the election.

    On Sunday, pro-EU centrist Nicusor Dan was elected president of Romania, defeating conservative and Euroskeptic rival George Simion, who has accused France and Moldova of attempting to undermine his campaign.

    Zakharova questioned the legitimacy of Romania’s presidential vote, saying it should not be considered a proper election.

    “You can’t interfere in something like that – only get entangled in it,” Zakharova wrote on Telegram. “They shouldn’t try to drag others into their electoral mess. They should clean it up themselves.”

    The election followed the annulment of the previous vote, in which independent right-wing candidate Calin Georgescu had led in the first round with 23% of the vote. Romania’s Constitutional Court overturned the results, citing electoral irregularities and allegations of foreign interference, including claims of Russian involvement – accusations that Moscow has denied. Georgescu was subsequently barred from standing in the re-run.

    Simion, the leader of the Alliance for the Union of Romanians (AUR), has publicly backed Georgescu and appeared alongside him at a polling station on Sunday. He had earlier condemned the annulment of the 2024 election results as a “coup d’état” and said that, if elected, he would consider appointing Georgescu as prime minister.

    Read more Presidential candidate Nicusor Dan greets supporters after the first exit poll results on the day of the presidential election on May 18, 2025 in Bucharest, Romania. Pro-EU candidate wins Romanian presidential election rerun

    Simion, who opposes military aid to Kiev and has been barred from visiting Ukraine, decisively swept the first round on May 4, securing 40%, while Dan and former Senator Crin Antonescu each garnered around 20%.

    Dan is known as a staunchly pro-EU and pro-NATO candidate, and has called Romania’s support for Ukraine vital for national security.

    Ahead of the Sunday’s runoff, Simion accused the pro-EU government in neighboring Moldova of attempting to rig the vote. The two countries share close historical and cultural links, with about 30% of Moldovans holding dual citizenship.

    He claimed on Facebook that the country’s voter rolls included 1.7 million fictitious names, alleging that many of them belong to people who are no longer alive.

    Simion also alleged that voters were being bussed in from Moldova to cast ballots. He previously accused his opponent, Dan, of breaking the campaign silence rule by engaging in political activity on the eve of the vote.

    Telegram founder Pavel Durov said in a post on Sunday that Nicolas Lerner, head of French foreign intelligence, had personally urged him to censor conservative voices on the platform ahead of Romania’s presidential election rerun. The Russian-born entrepreneur said he refused the request.

  19. Site: Mises Institute
    1 week 1 day ago
    Author: Joseph T. Salerno
    Joseph Salerno reveals how JFK's economists used war spending and deficits to erode liberty under the guise of stability and growth.
  20. Site: Mises Institute
    1 week 1 day ago
    Author: Peter G. Klein
    Peter Klein exposes the hidden costs, cronyism, and political agendas behind the National Science Foundation and federal research funding.
  21. Site: Real Investment Advice
    1 week 1 day ago
    Author: RIA Team

    Short positions in TLT, the popular 20-year US Treasury Bond ETF, have spiked to over 130 million shares, up from 107 million last month. TLT has 541 million shares outstanding. Consequently, the short interest has risen from 20% to 24% of the float. Furthermore, TLT's days to cover ratio (short position/average trading volume) is nearly 3.5 days. As the graph below shows, that is far and away the most prominent short position in the ETF in at least the last 15 years.

    So what does this tell us? For starters, it helps explain why bond yields have been trending higher. The narratives driving the bets for higher yields include inflation due to tariffs and disappointment over the current deficit spending proposals floating around Congress. However, while the narratives are concerning, the trade is extremely crowded. Furthermore, the narratives are based on expectations, not facts. Most large stocks and ETFs typically have short interest ratios of five or below. This extreme instance could set the stage for a significant short squeeze if yields fall, economic conditions weaken, or the narratives change.

    As the old saying goes, when everyone is on one side of the boat, move to the other. See the Tweet of the Day for another example of a crowded trade.

    tlt short interest

    What To Watch Today

    Earnings

    • No notable earnings reports today

    Economy

    Economic Calendar

    Market Trading Update

    Last week, we discussed how the rally had repaired much of the previous damage following "Liberation Day." However, we also made competing cases for the bulls and bears on the market's next move.

    "It is always difficult to say whether this is a 'bear market' rally while you are in the midst of it. In hindsight, these things are easy to identify, and investors have plenty of reasons to play the 'could've, should've' game. However, some valid arguments exist about why the recent correction was just that, and may now be over."

    This past week, the market continued its advance. There is little reason to be bearish with key overhead resistance levels broken. However, as shown, the markets are reaching decently overbought levels after being extremely oversold. This suggests that at least for now, the "easy money" has been made. With the market above the 200, and above the 50 and 20-DMA, pullbacks should be between 5600 and 5800. Investors can use such a pullback to increase portfolio equity exposures and reduce hedges accordingly. Conversely, 5000 to 5200 becomes the next critical target if those lower supports are violated. However, such would require some unexpected event to unfold.

    Market Trading Update

    Given the reduction in tariff-related risk and stable economic data, we suspect the market will hold bullish support. That statement follows our analysis from earlier this week, which discussed whether we have returned to a bull market or if this is still a bear market rally. That analysis compared the current market advance to the 2022 corrective cycle. However, that article elicited quite a few comments about why the recent "tariff" sell-off could be like the 2020 COVID-pandemic decline and recovery. It's a fair question and worth a few words.

    2020 vs 2025

    As shown, there is an analogy between the current market recovery and that seen in 2020 following the pandemic. However, it is worth remembering that there are many competing differences between the current macroeconomic backdrop and that of 2020.

    2020 vs 2025 macro backdrop

    However, as we discussed in that previous analysis, even a "can't stop, won't stop bull market" gives those who can be patient better risk/reward opportunities to increase equity exposures. For example, after the initial rally off the March 2020 lows, the market pulled back and consolidated briefly before rallying further. Then, another longer consolidation process that year provided another entry point for bullish investors.

    2020 vs 2025

    The weekly Technical Gauge we produce each week in this newsletter below follows the same path as 2020. While not yet back to bullish technical extremes, it is moving quickly higher to more elevated levels. When those readings reached 80, the market went through a longer consolidation process in 2020.

    2020 vs 2025 Technical Gauge

    So, is this 2022 where the recent rally will fail and test lower levels? Maybe. Or, is it more like 2020, where the rally continues with only mild pullbacks along the way? Possibly. The true answer is that I don't know. However, it is worth considering that there are many macroeconomic differences today compared to 2020. That lack of fiscal and monetary support, slowing economic growth, and tighter monetary policy are headwinds to higher stock prices. But, it is logical that the latest bullish market action has investors questioning a more cautious approach to the markets.

    The same is true for us. We are currently underweight equities and hedged. However, the need for hedges is quickly declining, and the need for equity exposure is increasing. It's a tough battle between creating portfolio performance and risk management. We are sticking with risk management until things become more certain, at least for now.

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    The Week Ahead

    We get a break this week after a hectic week of economic data. With little data, investors are likely to focus on Fed speakers. In particular, has the recent round of inflation data eased their tariff-related inflationary concerns? Powell will speak on Sunday, May 25th. On Thursday, the release of the Chicago Fed National Activity Index (CFNAI), which comprises 84 indicators, will help us better assess the economy's health. Thus far, as shown below, the index doesn't signal that poor sentiment and tariffs are weighing on economic activity.

    cfnai week ahead

    Corporate Stock Buybacks- Do They Affect Markets

    As of May 2025, corporate stock buyback authorizations are on track to eclipse $1.35 trillion this year, with more than $1 trillion executed. This will exceed any other year in the market since the turn of the century. Such should be unsurprising with Apple (AAPL) announcing an additional $100 billion and Google adding another $70 billion to their programs (those two programs will account for 12% of the total alone).

    Buybacks annually executed and announced

    The data should lead one to question why corporate stock buybacks have grown steadily since the turn of the century. Such is particularly the case when the overreliance on buybacks at non-accretive valuations to boost stock prices has become commonplace. Such a statement undermines the fallacy that corporate stock buybacks are solely a return of capital to shareholders. For example, Apple’s $110 billion buyback plan in 2024 raised questions among some investors about whether the company focused too much on immediate stock price increases rather than on investments that could drive long-term value. That statement should not be overlooked, given that 5-year annualized revenue growth has been flat since 2018. (Chart courtesy of SimpleVisor.com)

    READ MORE...

    corporate revenue

    Tweet of the Day

    gold crowded trade tlt

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

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

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

    The post The TLT Short Trade Is Crowded appeared first on RIA.

  22. Site: Real Investment Advice
    1 week 1 day ago
    Author: Lance Roberts

    This morning, markets are reacting to Moody's rating downgrade of U.S. debt. For those promoting egregious amounts of "bear porn," this is nirvana for fear-mongering headlines that gain clicks and views. However, as investors, we need to step back and examine the history of previous debt downgrades and their outcomes for both the stock and bond markets. Let's start with what the Moody's rating agency stated about its rating change.

    "This one-notch downgrade on our 21-notch rating scale reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns.”

    Moody’s had been a holdout in keeping U.S. sovereign debt at the highest credit rating possible, and brings the 116-year-old agency into line with its rivals. Standard & Poor’s downgraded the U.S. to AA+ from AAA in August 2011, and Fitch Ratings also cut the U.S. rating to AA+ from AAA in August 2023. We will review these previous downgrades momentarily. However, the reason for Moody's debt downgrade is unsurprising.

    Successive U.S. administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs. We do not believe that material multi-year reductions in mandatory spending and deficits will result from current fiscal proposals under consideration.”

    It is that last sentence that is the most important. Since 2008, the U.S. has not passed a single budget. Instead, Congress has repeatedly opted for short-term funding bills, known as Continuing Resolutions (CRs), which raised the debt ceiling and increased spending by 8% annually. (The "Rule of 72" says that at that rate, spending will double every 9 years) Such is why the national debt, specifically the deficit, has continued to grow unabated. Such was a point we discussed in Why $32 Trillion Matters.

    “While Washington continues a seemingly unbridled spending spree under the assumption “more spending” is better, debts and deficits matter. To better understand the impact of debt and deficits on economic growth, we must know where we came from. The chart shows the 10-year annualized growth rate of the economy over time.

    Deficts, Debt and GDP

    What should immediately jump out at you is that the 10-year average economic growth rate was around 8%, except for the Great Depression era, from 1900 through 1990. However, there has been a marked decline in economic growth since then. Unsurprisingly, as debts and deficits grow, the diversion of capital from productive activities to debt service erodes economic growth. That growth in debt is on a non-stop train to “Japanification,” where debt continues to rise, and economic growth is anemic. The Congressional Budget Office recently released its trajectory for U.S. debt levels through 2055, showing the same.

    CBO Debt Analysis

     (The debt is also why interest rates can not rise to higher levels, which is a topic of an upcoming article on why we continue to buy Treasury bonds.)

    While a debt downgrade is notable, there are several things that investors must consider.

    1. This is not the first time that U.S. debt has been downgraded. (We will review this momentarily.)
    2. The debt downgrade does nothing to impair the reserve currency status of the U.S. dollar.
    3. The U.S. Treasury remains the gold standard for "risk-free" investment for foreign and domestic savers.

    However, most importantly, for investors, is the debt downgrade as ominous and bearish headlines suggest?

    Let's review previous history and see how stock and bond markets reacted.

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    S&P Downgrades US Debt

    “Credit rating agency Standard & Poor’s on Friday downgraded the United States’ credit rating, stripping the world’s largest economy of its prized AAA status.

    In July, S&P placed the United States’ rating on “CreditWatch with negative implications” as the debt ceiling debate devolved into partisan bickering. To avoid a downgrade, S&P said the United States needed to raise the debt ceiling and develop a “credible” plan to tackle the nation’s long-term debt.

    In its report Friday, S&P ruled that the U.S. fell short: “The downgrade reflects our opinion that the … plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.”

    S&P also cited dysfunctional policymaking in Washington as a factor in the downgrade. “The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed.” – CNN.Com

    That action occurred on August 5th, 2011, as the Obama Administration faced Congress over the debt ceiling debate. Unsurprisingly, just as today, headlines were rampant with fearmongers ramping up the rhetoric about a dollar collapse, the economy’s demise, and the stock market’s collapse. While I am certainly not dismissing the issues with the debt buildup long-term, as noted in the linked article above, in the short term, history suggests there is much less to worry about in the near term.

    Let’s take a look at 2011 for a moment in charts. The first chart below is the stock market. As you will note, much like the advance we witnessed over the last few months, the market had rallied sharply from the lows in 2010 and was pretty overbought at the time of the debt downgrade. While prices did correct due to a combination of the manufacturing shutdown in Japan, a slowing U.S. economy, and the debt downgrade, that decline was a buying opportunity as the bullish trend continued into 2012.

    Stock Market 2011 Post Debt Downgrade.

    Likewise, in 2011, the yields on treasury debt also spiked higher temporarily as the debt downgrade shook investors. However, given that the U.S. treasury bond market remains the world’s preferred “safe haven,” yields declined into 2012. As is always the case, long-duration yields are a function of inflation and economic growth. The more debt issued, the slower the economic growth rate over time. Many “bond gurus” expect yields to spike sharply due to the need for debt issuance. However, the reality is that the economy can’t sustain higher rates because of the debt. What happened in 2011 will likely repeat itself in the months and quarters ahead as economic growth continues to slow.

    Bond Market and Interest Rates Post Debt Downgrade.

    What happened the second time?

    Fitch Downgrades U.S. Debt

    On Tuesday, August 1st, 2023, almost exactly 12 years later, Fitch downgraded the U.S. credit rating.

    “Fitch Ratings has downgraded the United States of America’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘AA+’ from ‘AAA’. The Rating Watch Negative was removed and a Stable Outlook assigned. The Country Ceiling has been affirmed at ‘AAA’.

    What was Fitch's reasoning for the downgrade?

    “The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions.”

    Interestingly, the Treasury Department pushed back, saying the “analysis was flawed” in both cases.

    “Janet Yellen, the US treasury secretary, said she disagreed with Fitch’s downgrade, in a statement that called it “arbitrary and based on outdated data.” – The Guardian

    As with S&P's debt downgrade, the reasons behind Fitch's action were almost identical. They focused on the Government’s inability to deal with long-term debt issues.

    However, as Yellen noted, the analysis is flawed on many levels. Such was a point made by Jamie Dimon, CEO of J.P. Morgan:

    “It doesn’t really matter that much” because it’s the market, not rating agencies, that determines borrowing costs. Still, it’s ridiculous that other countries have higher credit ratings than the U.S. when they depend on the stability created by the U.S. and its military. To have them be triple-A and not America is kind of ridiculous. It’s still the most prosperous nation on the planet, it’s the most secure nation on the planet.”

    While the long-term implications are dire, the near-term impact on various assets is much less concerning.

    The U.S. can print money and avoid default no matter how bad its fiscal position is. Accordingly, U.S. Treasury debt will still be considered the world’s only risk-free asset regardless of its ratings. The table below shows the market reactions to the S&P downgrade in 2011. Unexpectedly, bond yields fell appreciably, and the dollar rose, despite the downgrade. One would have thought gold would be a beneficiary. It was initially, but its price was slightly lower a year later. Stocks troughed 8% lower within the first week of the downgrade but were on solid footing afterward. Like twelve years ago, the downgrade may provide opportunities contrary to what many expect. – Michael Lebowitz

    Much like in 2011, the stock market initially sold off on the news, but it was most driven by a reversal of the "Artificial Intelligence Trade" that had gotten ahead of itself. The debt downgrade had much less to do with the correction than providing a catalyst to reverse the overbought conditions that existed at the time.

    Stock market debt downgrade 2023

    The bond market also sold off initially with higher yields, but this quickly reversed. While yields are currently elevated due to stronger economic growth rates, higher inflation, and tighter Fed policy, that condition will reverse as continued debt increases weigh on financial prosperity.

    Debt downgrade August 2023

    For evidence of such an outcome, we only have to look at Japan to understand the consequences of debt when it exceeds 100% of GDP. Since the 1980s, Japan’s economic trajectory has remained lower. Despite massive Government and central bank interventions, interest rates remain near zero percent as the economy experiences rolling recessions, plaguing overall prosperity. (As of the end of 2024, economic growth was barely positive with bond yields below 1%)

    Japan debt to gdp, interest rates and GDP

    So the question facing investors is, should we care that Moody's downgraded the debt?

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    Moody's Downgrade - What It Means For Stocks & Bonds

    With Moody's debt downgrade, media headlines are running wild with speculation about what it means. As we have seen in the previous two downgrades, it has not meant much. Almost 15 years after S&P's downgrade of the debt, the U.S. remains the world's reserve currency, gold vastly underperformed equities, and the economy didn't collapse under the weight of the debt. On the contrary, investors have been well rewarded betting against those outcomes.

    Stocks vs gold performance

    However, is this time different? Most likely, the answer is "no." Therefore, what should investors expect from stocks and bonds over the next several months following Moody's downgrade?

    Concerning the stock market, we went into the downgrade with stocks back in overbought territory after a significant advance from the "Liberation Day" lows. As shown, momentum and relative strength are overbought, especially momentum, with the market now two standard deviations above the 50-DMA. If you review the charts above, the market was in a very similar position during the previous announcements, leading to a short-term correction in equity prices. As is always the case, when markets aggressively advance, it often takes an external, unexpected event to bring sellers into the market. Such would also be unsurprising if that were the case this time. However, most likely, such will be an opportunity for investors to add equity exposure.

    Stock market trading update

    Likewise, while not as overbought as equities, yields have pushed higher into the announcement. As seen in the previous two downgrades, yields did go higher on the news, but eventually, the fundamentals that drive yields (economic growth, wages, and inflation) reversed yields lower.

    Interest rates techncials

    As we noted this past week, this is particularly true as US bank regulators prepare to reduce bank capital requirements.

    "Of particular interest to the bond market is the supplementary leverage ratio, better known as SLR. Unlike other risk-based capital rules that banks adhere to, SLR applies a minimum capital requirement to all bank balance sheet assets. The rule was put in place in 2014 to limit excessive leverage. (More from the Office of Financial Research.)

    Banks have long argued that the SLR handcuffs their ability to make loans. Furthermore, and of importance to the administration, banks claim that SLR limits their ability to buy Treasury securities. The article states that intense lobbying from Wall Street argues that SLR hinders competition and impedes lending. Remember that the eight largest US banks are subject to enhanced SLR, which are the biggest buyers of US Treasury securities.

    Many analysts suspect that the SLR will change by this summer. However, the pressure to change them sooner could arise if Treasury yields continue to rise. With Treasury yields approaching 5%, we suspect banks will be licking their chops to buy Treasuries once the SLR restrictions are eased."

    Given the massive short position on U.S. Treasuries, bond buyers could see a significant drop in yields and a rise in bond prices, particularly if this coincides with the onset of a recession or Fed rate-cutting cycle.

    Net Positioning on 10-year Treasury

    Conclusion - Opportunity Likely Coming

    It is crucial to remember that the US engages in deficit spending and issues debt in its currency, stimulating the economy and the private sector. As deficits increase, it adds net worth for households and corporations, which in turn end up as deposits at banks, which then see their reserves increase. Banks (the primary dealers) then swap these reserves for bonds at auctions, allowing the government to fund its deficits.

    The Moody's downgrade is meaningless in the longer term, as commercial banks, pensions, foreign governments, banks (collateral for repo operations), etc., are all, and will remain, demand buyers for Treasuries.

    As with Janet Yellen previously, Scott Bessent was correct when he stated:

    “I think that Moody’s is a lagging indicator. I think that’s what everyone thinks of credit agencies. Just like Sean Duffy said with our air traffic control system, we didn’t get here in the past 100 days. It’s the Biden administration and the spending that we have seen over the past four years.”

    He is correct. Moody's should have issued their downgrade when the deficit was running near $4 trillion following the pandemic shutdown, but issuing it after the deficit has been halved seems a little late.

    From a portfolio management perspective, the debt downgrade does nothing to change our outlook. Investor demand and significant corporate share repurchases will likely continue to provide a bid under equities. However, we will not be surprised to see a pullback, which the media will quickly blame on Moody's debt downgrade. However, given the short-term overbought conditions, the downgrade was the catalyst to bring sellers into the market.

    Are we concerned about the potential for a recession or some financial event? Of course. Given the aggressiveness of the Fed rate hikes and tightening of lending standards, such an event is certainly possible. Economic growth is slowing, as inflation is falling, which is evidence of a slowing consumer. However, the market will provide advanced notice if we continue to pay attention to our technical indicators.

    For now, the longer-term bullish trend remains intact. A correction that holds support and works off some of the overbought conditions will be a healthy outcome. Such will provide better risk/reward opportunities to increase stock and bond exposure.

    Technical and sentiment readings suggest the market has gotten ahead of itself, so investors should consider rebalancing portfolio risk accordingly.

    1. Tighten up stop-loss levels to current support levels for each position.
    2. Hedge portfolios against more significant market declines.
    3. Take profits in positions that have been big winners.
    4. Sell laggards and losers.
    5. Raise cash and rebalance portfolios to target weightings.

    Of all the things investors should worry about, the Moody's debt downgrade is not one of them.

    The post Moody’s Debt Downgrade – Does It Matter? appeared first on RIA.

  23. Site: Mises Institute
    1 week 1 day ago
    Author: Ryan McMaken
    Ryan McMaken discusses Ralph Raico’s critique of war propaganda and why revisionism is essential for reclaiming peace and liberty.
  24. Site: RT - News
    1 week 1 day ago
    Author: RT

    Concerns that the 49 second-hand Abrams will be an easy target for Russian drones, the report claims

    Australia has announced it will ship 49 decommissioned US-made M1A1 Abrams tanks to Ukraine after receiving approval from Washington. American and Australian officials have reportedly criticised the transfer and questioned whether Ukraine will be able to actually use the tanks, due to logistics issues and vulnerability to Russian drones.

    Prime Minister Anthony Albanese confirmed to Ukrainian leader Vladimir Zelensky in Rome on Sunday that deliveries had begun. According to ABC, loading the tanks onto a cargo ship is in process, though location and itinerary information is classified.

    While Washington eventually granted permission for the transfer, US officials have privately expressed “frustration” over the move, ABC reported.

    “Last year, even before Donald Trump returned as president, we warned the Australians that sending these Abrams tanks would be complicated, and once they finally get to the battlefield, the Ukrainians will find them difficult to sustain,” one unnamed US official told the network.

    Read more FILE PHOTO.US soldiers from 2nd Battalion, 70th Armor Regiment, 1st Infantry Division train with M1A2 Abrams tanks at Nowa Deba, in Nowa Deba, Poland, on April 12 2023. Ukrainian army has lost most of US-provided Abrams tanks – NYT

    Australian defense officials echoed the concerns. “We are starting to doubt if the Ukrainians actually want these vehicles. The tank roof is the weakest point of the Abrams and this is a drone war,” an ABC source noted.

    In late 2023, the US, under former President Joe Biden, supplied 31 Abrams tanks to Ukraine. Media reports claim that the heavy armor, estimated to cost $10 million each, has faced challenges on the battlefield, including drone strikes and rough terrain.

    Russia claims to have destroyed several Abrams tanks. In May 2024, it showcased a captured tank at a military exhibition in Moscow alongside troves of other Western equipment.

    Moscow has denounced the Western arms shipments to Ukraine, warning that they will only prolong the conflict without changing the outcome.

  25. Site: Crisis Magazine
    1 week 1 day ago
    Author: Kody W. Cooper

    One of the stranger headlines to emerge in the wake of Pope Francis’ death wondered about whether the next pope would reveal the Vatican’s UFO “secrets,” resurfacing the bombshell congressional hearing about UFOs last summer. Since Pope Leo’s election, it has been speculated that he will be the “disclosure pope” about the Vatican’s knowledge of UFOs. While even discussing such apparent clickbait…

    Source

  26. Site: Mises Institute
    1 week 1 day ago
    Author: Karen Kwiatkowski
    From Vietnam to Iraq, Pentagon insider Karen Kwiatkowski reveals firsthand how government lies drive America's wars—and how courageous whistleblowers fight back with truth.
  27. Site: Crisis Magazine
    1 week 1 day ago
    Author: Casey Chalk

    Today, almost everyone is worried about the future of their finances. USA Today, on May 5, warned that many grocery items were likely to increase in price because of the Trump administration’s tariffs. Consumers could pay an additional $2,500 to $5,000 for low-cost American vehicles and up to $20,000 for some imported models, CBS reported in April. Goldman Sachs, on May 6, put the likelihood of a…

    Source

  28. Site: AsiaNews.it
    1 week 1 day ago
    Today's Headlines: In China, five dead and several missing due to record rainfall in southern provinces. In Indonesia, 19 missing and one confirmed dead after a landslide at a mine in the Arfak mountains; highest alert issued for the Lewotobi Laki-laki volcano. In India, a YouTuber has been arrested on suspicion of spying for Pakistan. In Singapore, an actor has been sentenced to 40 months for sexually abusing a minor.
  29. Site: RT - News
    1 week 1 day ago
    Author: RT

    Warsaw Mayor Rafal Trzaskowski is narrowly leading his conservative rival, according to a poll released after voting concluded

    Poland’s presidential election is set for a runoff, with Rafal Trzaskowski narrowly leading rival Karol Nawrocki in the first round of Sunday’s vote, according to exit polls.

    Right-wing candidates collectively secured a majority in the first round, signaling a potential shift in the nation’s political landscape.

    According to an Ipsos exit poll, Warsaw Mayor Trzaskowski, representing the pro-European Civic Coalition, led with 31.1% of the vote.

    Conservative historian Karol Nawrocki, backed by the Law and Justice (PiS) party, followed closely with 29.7%.

    Right-wing candidates Slawomir Mentzen and Grzegorz Braun garnered 15.4% and 6.2% respectively, bringing the total right-leaning vote share to around 51.3%.

    Mentzen, the leader of the right-wing New Hope party, is known for his criticism of the EU, opposition to immigration, and support for low taxes and limited government intervention. His platform emphasizes national sovereignty and conservative social values.

    Read more Friedrich Merz after failing to secure German chancellorship in the first round of vote at Bundestag, May 6, 2025. Political chaos as German coalition fails to elect chancellor

    The runoff will be held on June 1, and the new president will take office in August.

    Trzaskowski, who narrowly lost the last presidential election to incumbent President Andrzej Duda five years ago, has pledged to support government reforms, including reversing PiS-era judicial changes. He has also advocated for increased defense spending and continued support for Ukraine.

    He is seen as the most pro-Ukraine contender, though he has pledged to cut social benefits to Ukrainian nationals. His main rival, Nawrocki, also supports military aid to Ukraine; however, he opposes NATO and EU membership until Ukraine addresses historical issues, particularly the exhumation and acknowledgment of Polish victims of the Volyn massacres during World War II. He has also called for prioritizing Polish citizens in public services.

    His campaign gained momentum following a meeting with US President Donald Trump, who reportedly told him, “You will win.” Right-wing sentiment is growing across the EU, as evidenced by recent electoral gains and shifting political dynamics in several member states.

  30. Site: AsiaNews.it
    1 week 1 day ago
    The 16th edition of the Kazan Forum, a platform for cooperation between Moscow and the countries of the Organisation of Islamic Cooperation (OIC), was held in the capital of the Russian republic of Tatarstan. Topics discussed included digital financial systems to promote the use of national currencies in Islamic banking, and the use of technology to spread Islamic culture.
  31. Site: Mundabor's blog
    1 week 1 day ago
    Author: Mundabor
    Yesterday, 18 May, Pope Leo XIV had his inaugural Mass. The full text is here. Once again, I felt like we are in 1995 (or in 1978, see below) instead of 2025. Once again, I felt that this guy serves Coca-Cola instead of the proper Catholic wine. Once again, I felt a sense of relief […]
  32. Site: Rorate Caeli
    1 week 1 day ago
    Leo XIV, today, in Audience to Representatives of other Christian Communities and Other Religions:"Aware, moreover, that synodality and ecumenism are closely related, I wish to assure my intention to continue Pope Francis' commitment to promoting the synodal character of the Catholic Church and developing new and concrete forms for an ever more intense synodality in the ecumenical field."Our New Catholichttp://www.blogger.com/profile/04118576661605931910noreply@blogger.com
  33. Site: southern orders
    1 week 1 day ago


    The papal MC, Bishop Ravelli, likes to play around with the placement of the crucifix on the altars at St. Peter’s, inside or out. 

    The use of the processional cross as the altar crucifix seems so out of place. Cant’s we go back to the “Benedictine” altar arrangement which is part of the Church’s grand liturgical tradition? Pope Leo the Refiner, you can do it!




  34. Site: Catholic Conclave
    1 week 1 day ago
    Pop-Up Wedding in Gera: God's Blessing Without Major HurdlesWhen Pastor Stefan Körner welcomes the first couples on May 17th at Gera's St. Salvator Church, a very special day will begin: It will be the first pop-up wedding in the city – a blessing ceremony open to everyone, without complicated requirements or lengthy registration processes. What is a low-threshold access to a church wedding for Catholic Conclavehttp://www.blogger.com/profile/06227218883606585321noreply@blogger.com0
  35. Site: Mises Institute
    1 week 1 day ago
    The U.S. Federal Reserve just pulled off something stealthy — over four days last week, without fanfare, the Fed vacuumed up $43.6 billion in U.S. Treasurys.
  36. Site: RT - News
    1 week 1 day ago
    Author: RT

    The Telegram founder has said election meddling can’t be stopped by interfering further in campaigns

    Elon Musk has voiced support for fellow tech entrepreneur Pavel Durov after the Telegram founder said he had rejected a request from the French government to block conservative political content on the messaging platform.

    Durov said Sunday that a Western European government had asked him to take down Romanian Telegram channels ahead of the country’s presidential runoff. He declined, arguing that, “you can’t ‘fight election interference’ by interfering with elections.” Musk, the majority stake owner of the social media platform X, responded to Durov’s remarks with a brief post: “Hear, hear!”

    Following Durov’s statement, French authorities acknowledged they were the subject of the claims but denied making any such request. In a follow-up post, Durov identified the official involved as Nicolas Lerner, director of France’s domestic intelligence agency, the DGSI.

    Read more The French Republican Guard at the courtyard of the Elysee Presidential Palace, 2025. Telegram’s Durov names French official who ‘asked to ban conservative voices’

    The controversy came as Romanian voters headed to polling stations on Sunday. The Romanian Foreign Ministry accused Russia of interfering in the election, although it offered no supporting evidence.

    Russian Foreign Ministry spokeswoman Maria Zakharova remarked that the Romanian process could hardly be described as an election, and urged Bucharest not to soil foreign nations with its mess.

    In 2024, Romania’s Constitutional Court overturned the result of a presidential election after right-wing independent Calin Georgescu unexpectedly won the first round. Reports linked the pro-Georgescu social media campaign to a government-affiliated consultancy firm allegedly aiming to divide right-wing voters. The case was cited by US Vice President J.D. Vance in a February speech in Munich as an example of EU nations undermining democratic norms.

    On Sunday, pro-EU candidate Nicusor Dan defeated Euroskeptic George Simion in a runoff, securing the Romanian presidency by a single-digit margin.

  37. Site: Mises Institute
    1 week 1 day ago
    Author: Tyler Curtis
    Ultimately, interest rate caps would cost Americans access to a convenient and reliable source of credit. Instead of saving them money, a rate cap would push consumers into worse credit options.
  38. Site: RT - News
    1 week 1 day ago
    Author: RT

    The US president has joined a bipartisan outpouring of support for his predecessor

    US President Donald Trump has extended well wishes to his predecessor and long-standing political rival, Joe Biden, following news of his aggressive prostate cancer diagnosis. The message came amid an outpouring of support from current and former political leaders across party lines.

    On Sunday, the office of Biden, 82, said that a routine physical check led to the discovery of a nodule on his prostate. Tests confirmed an aggressive form of prostate cancer with a Gleason score of 9, indicating high severity. However, doctors said the cancer is hormone-sensitive and manageable, with treatment options now under review by the Biden family and his physicians.

    Trump took to Truth Social to extend his sympathy, writing: “Melania and I are saddened to hear about Joe Biden’s recent medical diagnosis. We extend our warmest and best wishes to Jill and the family, and we wish Joe a fast and successful recovery.”

    Read more  Former US President Joe Biden Biden diagnosed with ‘aggressive’ cancer

    Former President Barack Obama, under whom Biden served as vice president for eight years, posted on X: “Michelle and I are thinking of the entire Biden family. Nobody has done more to find breakthrough treatments for cancer in all its forms than Joe, and I am certain he will fight this challenge with his trademark resolve and grace. We pray for a fast and full recovery.”

    Former Vice President Kamala Harris described Biden as “a fighter,” adding: “he will face this challenge with the same strength, resilience, and optimism that have always defined his life and leadership.”

    On the other side of the aisle, Republican House Speaker Mike Johnson said, “the Johnson family will be joining the countless others who are praying for the former President in the wake of his diagnosis.”

    Secretary of State Marco Rubio also offered his sympathies, saying he and his wife are “united in prayer for the Biden Family amid this difficult time.”

    This is not Biden’s first cancer-related diagnosis. In 2023, doctors removed a basal cell carcinoma – a common and typically non-life-threatening form of skin cancer – from his chest during a routine skin screening. At the time, White House physician Dr. Kevin O’Connor said, “all cancerous tissue was successfully removed” and that no further treatment was required.

  39. Site: Mises Institute
    1 week 1 day ago
    Author: Robert P. Murphy, Alexander Tabarrok
    Alex Tabarrok joins Bob to break down Trump’s drug price executive order, price controls, and the real economics behind Big Pharma and healthcare innovation.
  40. Site: Zero Hedge
    1 week 1 day ago
    Author: Tyler Durden
    "Smacks Too Much Of Elimination Of Political Rivals" - German Chancellor Merz "Very Skeptical" About Banning AfD

    Via Remix News,

    In recent months, a ban of the Alternative for Germany (AfD) appeared to be inching closer and closer, but now a key voice has clearly spoken out against such a move.

    Chancellor Friedrich Merz has now said that voting on an AfD ban in the Bundestag is not the right path, saying it “smacks too much of the elimination of political rivals.” 

    He said he does not believe the current evidence is sufficient.

    He has even gone a step farther, stating that former Interior Minister Nancy Faeser, an SPD politician with far-left sympathies who wrote for Antifa Magazine, was wrong to classify the AfD as “confirmed” right-wing extremist in the Federal Office for the Protection of the Constitution (BfV) report. 

    Critics indicate that she rushed the report out at the last minute of her tenure, despite the BfV having no president and despite a lack of any expert review, which she had previously promised would happen.

    Speaking to Die Zeit, Merz said; “Working ‘aggressively and militantly’ against the free democratic basic order must be proven. And the burden of proof lies solely with the state. That is a classic task of the executive branch. And I have always internally resisted initiating ban proceedings from within the Bundestag. That smacks too much of political competition elimination to me.”

    When the BfV first labeled the AfD “certainly right-wing extremist,” calls came from the left, including the Greens, Left Party, and SPD, to immediately begin proceedings to ban the party in the Bundestag. Even a large portion of the CDU backed the move.

    Now, the BfV has temporarily removed the designation pending a court appeal, and as Remix News reported, this removal may have been in large part possible due to pressure from the United States.

    Merz also expressed his displeasure with Faeser’s move to release the report on her last day of work.

    He told Zeit he was “not happy with the way this process is being conducted.”

    “The old government presented a report without any factual review, and it was also classified as confidential,” he added. 

    As Remix News reported, the 1,100 page report contained only public statements from the AfD, and it has already been leaked and published by the German press. 

    Remix News, in a report published earlier today, notes that the BfV is likely sitting on huge amounts of private surveillance data related to AfD members, but due to the unsavory mass surveillance methods used to obtain this data, it is likely withholding this from any official report.

    “I don’t know the content of this report, and frankly, I don’t want to know it until the Federal Ministry of the Interior has made an assessment of it,” said Merz. 

    He said that it would take several weeks and even months for the interior ministry to make such an assessment.

    Read more here...

    Tyler Durden Mon, 05/19/2025 - 02:00
  41. Site: The Unz Review
    1 week 1 day ago
    Author: Jose Alberto Nino
    David Horowitz’s death on April 29, 2025 closes the chapter on a figure who embodied the neoconservative phenomenon: a Jewish intellectual who, like many of his generation, abandoned the Left when he perceived its ideals as incompatible with Jewish interests and American security. Horowitz was born on January 10, 1939, in Forest Hills, Queens, New...
  42. Site: The Unz Review
    1 week 1 day ago
    Author: Paul Craig Roberts
    Biden FBI Director James Comey has been interviewed by the Secret Service for his social media post seemingly calling for the assassination of President Trump. Comey’s FBI did its best to destroy President Trump. The FBI orchestrated “Russia-gate,” encouraged two impeachments, raided Trump’s home as part of a highly publicized “documents-gate” accusation that Trump had...
  43. Site: The Unz Review
    1 week 1 day ago
    Author: John Helmer
    In Soviet days Russians were famous for not smiling, at least not in public. In private, smiling was strictly between consenting adults. Now it is a marketing ploy of Sberbank — the state savings bank run by Yeltsin-era leftover, German Gref – to invite its customers to smile whenever they make payments. This combines several...
  44. Site: The Unz Review
    1 week 1 day ago
    Author: Paul Craig Roberts
    Here is my friend, concert pianist Balint Vazsonyi, playing Beethoven’s 4th piano concerto. I listen to it regularly as it is restorative of one’s soul. I recommend it to you. The combination of Beethoven and Vazsonyi show the heights of a disappearing culture once celebrated as Western Civilization, now derided as white racism. I wait...
  45. Site: AntiWar.com
    1 week 1 day ago
    Author: Ted Snider
    In the past several days, there have been surprising developments in the negotiations between Washington and Tehran over Iran’s civilian nuclear program. U.S. President Donald Trump has frequently, but not always, defined the goal of the negotiations as being limited to preventing Iran from getting a nuclear weapon. He repeated that definition as recently as … Continue reading "Surprising Developments in the Iran Nuclear Negotiations"
  46. Site: AntiWar.com
    1 week 1 day ago
    Author: Rep. John J. Duncan, Jr.
    During the 1988 campaign, George W. Bush came to the Courthouse in Maryville, TN to speak at a rally for his Dad. As we were leaving, I told my friend and later Chief of Staff, Bob Griffitts, “Bob, he is better than his Dad.” When he ran for President in 2000, then Governor Bush went … Continue reading "Can Trump Slip the Grip of the Neocons?"
  47. Site: The Unz Review
    1 week 1 day ago
    Author: Kevin Barrett
    My False Flag Weekly News co-host E. Michael Jones is an expert on Antichrist. But that doesn’t mean he’s an eschatologist. He doesn’t have to be. Catholic eschatologists view the Antichrist as an individual who will come at the end of the age, deceiving people and persecuting the faithful before ultimately succumbing to Christ. That’s...
  48. Site: The Unz Review
    1 week 1 day ago
    Author: Alastair Crooke
    The new era marks the end to ‘old politics’: The Red vs Blue; Right vs Left labels lose relevance. Even the need for transition – just to be clear – has only just begun to be recognised in the U.S. For the European leadership however, and for the beneficiaries of financialisation who haughtily lament Trump’s...
  49. Site: The Unz Review
    1 week 1 day ago
    Author: Ron Unz
    Over the last couple of months President Donald Trump and his administration have launched a series of outrageous attacks against American freedom of speech and academic freedom, and critics have often denounced these as examples of McCarthyism, the notorious anti-Communist political movement of the 1950s. This prompted me to carefully investigate that important historical topic...
  50. Site: AntiWar.com
    1 week 1 day ago
    Author: Ramzy Baroud
    Israeli Prime Minister Benjamin Netanyahu is a skilled salesperson, though the product he peddles is deeply flawed. His current challenge is to convince himself, his people, the region, and the world that, despite significant setbacks, he is winning the strategic war against his adversaries. Former Israeli national security officials, while employing different terminology, essentially convey … Continue reading "Gaza’s Graveyard of Illusions: How Israel’s Narrative Collides With Military Failure"

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