The House Armed Services Committee approved a $839 billion defense budget for 2023 on Thursday, which includes an amendment that sought $37 billion more than President Joe Biden initially requested. The vote passed easily, 57-1. The next stop is a full House vote. Robert Weissman, the president of Public Citizen, told CommonDreams.org that the committee “put...
Author: support
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ELITES: THIS LAND IS OUR LAND
How much land should one person, one corporation, one foreign power, or one domestic government be able to own? Those are questions that Americans trying to escape horribly run cities, only to find themselves priced out of options in suburbs and rural areas, should be asking. This past week Bill Gates made news (again) for...
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Top Trend: Going Off the Driverless Cliff: NOT ROAD-READY: SELF-DRIVING CARS IN 392 CRASHES
From 1 July, 2021, through May 15 of this year, cars with so-called “advanced driver-assistance technologies”—essentially self-driving cars— were involved in 392 crashes, more than one a day, according to the National Highway Traffic Safety Administration (NHTSA). Five people died in the accidents; six were seriously injured. Tesla’s “Autopilot” state-of-the-art self-driving system was involved in...
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CENTRAL BANKS ARE RIGGING THE DEBT MARKET LIKE NEVER BEFORE
By Gregory Mannarino, TradersChoice.net Since my last article published here in the Trends Journal, we witnessed an unprecedented selloff in the debt market which led to an uncontrolled spike of the 10-year yield, and this spiking of the 10-year yield led to a steep drop in stock prices. These events, with one triggering the other,...
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ECONOMIC UPDATE, MARKET OVERVIEW
It’s all in the numbers. Life on Earth is getting more miserable by the day. A Gallup poll released today shows that thanks to the dictators who locked down the world to fight the COVID War, the “World is Unhappier, More Stressed Out Than Ever.” Their findings show that: “Emotionally, the second year of the...
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SPOTLIGHT: BIGS GET BIGGER
Each week, we report instances where the money junky hedge funds, private equity groups and the already big companies swallow another piece of the global economy. Here are some more of what the BIGS have been gobbling up and how the Bigs keep getting bigger and the rich keep getting richer. It should be noted...
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SPOTLIGHT: INFLATION
GAS PRICES SOAR IN EUROPE AS U.S., RUSSIA CUTS SUPPLIES An explosion at a U.S. liquefied natural gas (LNG) terminal shut down the facility for repairs for at least 90 days, operator Freeport McMoran announced. The company handles 20 percent of U.S. LNG exports to Europe and about 10 percent of the continent’s total gas...
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NEW ZEALAND HOME PRICES POISED TO STUMBLE ON HIGHER INTEREST RATES
Home prices in New Zealand have leapt 43 percent since the COVID War began, with the median home price now 10 times the median personal income, the Financial Times reported. The island nation has experienced one of the world’s biggest home price booms, which now is weakening as the country’s central bank continues to raise...
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HOME PRICES IN CHINA NOT RECOVERING
Home prices in 70 major cities across China continued to slide in May, dropping by an average of 0.79 percent from a year previous, despite banks’ and local governments’ efforts to revive demand as the country’s real estate industry continues to work its way out of financial near-collapse. Prices ticked down 0.17 percent from the...
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CHINA’S GDP EDGES UP IN MAY
China’s economic output grew slightly in May after most of the country’s two-months-long anti-COVID restrictions were eased, allowing people back to work and to stores. Industrial production expanded 0.7 percent year over year, reversing April’s 3-percent slump amid the lockdowns. Consumer spending decreased 6.7 percent in May compared to a year earlier, easing back from...