Offshore wind developer Ørsted has delayed its New Jersey Ocean Wind 1 project to 2026. Previously, the company had announced construction of the project would begin in October 2023. The delay was attributed to supply chain issues, higher interest rates, and a failure so far to garner enough tax credits from the federal government. For now, they are not walking away from all their U.S. projects but will reconsider long-term plans by the end of this year. Ørsted’s stock price has fallen 30% in 5 days. This is just the latest bad news for offshore win.
Ocean Wind 1 had one of the highest guaranteed prices among the 18 projects currently in the approval queue. The actual wholesale price guarantees for Ocean Wind 1 start at $98.10/MWh, rising 2% a year to $145.77. Over twenty years revenue will average $126.47/MWh according to the New Jersey Board of Public Utilities (BPU). Ørsted is seeking higher guarantees from the BPU and an increase in federal Investment Tax Credits from 30% to 40%. Recognizing the potential financial problems, New Jersey’s largest public utility, Public Service Electric & Gas Company sold its 25% share of the project to Ørsted in January.
Have you heard of the reset which the International Monetary Fund has planned for the world’s financial system? Likely you haven’t, but that’s OK, most people haven’t. If this weren’t the head of the most powerful financial institution in the world, it would be easy to write off as irrelevant, but the IMF has the power to pull this off.
But how? Quick answer, the SDR. The SDR is short for “Special Drawing Rights,” which is IMF money, so to speak. Without getting into the complexities of it, think of it as currency for nation states only.
Businesses and individuals cannot access SDR’s. SDR’s are what the IMF uses to bail out nations and “rebalance economies.” They are digital, not hard currency. You cannot hold an SDR in your hand, nor can you write a cheque for one. What backs them? International currencies. Larger economies like the EU, USA, Britain, China, and others contribute their currencies to the IMF as donations to be used to maintain the global financial system.
When a nation like Greece gets in trouble, the IMF may choose to issue SDR’s, which can be converted into any currency required, so in the case of Greece, they would convert their SDR’s into Euros. Remember, SDR’s are digital only, and you could say they were created to be converted into another currency.
A handful of current Fox News talent have contemplated jumping ship and joining former top-rated host Tucker Carlson, according to several media reports. Carlson has been airing his program on Twitter for months, despite threats from Fox News.
“Carlson’s Twitter move could have additional reverberations with talent at the network. A handful of Fox anchors have reached out to Carlson directly or had their surrogates contact him to say they are eager to join whatever venture he starts on Twitter when their contracts are up, according to sources,” it was reported.
Carlson currently remains under contract with Fox News at a reported $20 million a year, so he isn’t free to sign on with another network. Reports said his contract doesn’t expire until after the 2024 election, in January 2025.
The US Department of Justice has brought charges against Andres Bautista, a Filipino election administrator, for money laundering. In the case, however, four executives of Smartmatic are reportedly named as uncharged co-conspirators. Smartmatic is currently embroiled in defamation lawsuits filed against several American people and firms, including Mike Lindell and FOX News.
This isn’t the first time Smartmatic has been tied up in controversy regarding the Philippines though. As reported by The Gateway Pundit, when former Tarrant County elections administrator Heider Garcia was an executive with Smartmatic, he was excoriated by then-Filipino congressman Teodoro Locsin over issues with their voting system. Garcia would go on to run the elections in Tarrant County, TX, which went blue in 2020 for the first time since 1964. He is now a senior adviser with the US Elections Assistance Commission (EAC).
As illegal alien migrants continue to pour across the border by the tens of thousands and get relocated to New York City and other Democrat strongholds by Republican leaders, the bureaucrats who run said Democrat strongholds have resorted to begging fake president Joe Biden to offer all these undesirables work permits so they can get out of the elite's backyards as quickly as possible – and Biden is complying.
There is very little time that remains before the inevitable collapse of the current financial system, aka Ponzi scheme, commences, and the world as we currently know it comes to an end. What will it look like?
To all those LGBT advocates out there who claim that turning children transgender does them no harm, how about the more than one-third of children who suffer serious mental health problems after taking hormone-altering drugs like puberty blockers?
As more consumers learn about the toxicity of artificial sweeteners and switch to natural alternatives like stevia, the American Beverage Association was caught running a “Safety of Aspartame” campaign that intentionally deceives the public. The propaganda campaign pays off health and wellness influencers, dieticians, and doctors to promote processed foods and toxic chemicals (aspartame) that are directly harming children’s brains, causing visual problems and impotency.
NBC 5 in Chicago aired a segment this week about where all the millions of taxpayer dollars for illegal alien migrants is going. It appears that a good chunk of it is being siphoned by employees at these private shelters and camps for illegals straight into their own bank accounts.
Hunter Biden and pals wanted to lobby indicted Democratic New Jersey Senator Bob Menendez on behalf of a Spanish rail company after regulators scrutinized the firm, according to emails found on Hunter's infamous laptop.
According to theDaily Caller, Spanish rail company Construcciones y Auxiliar de Ferrocarriles (CAF) hired Rosemont Seneca Partners, Hunter Biden's investment firm, to lobby the Department of Transportation (DOT) and Amtrak in order to obtain government contracts on various railway contracts, the emails reveal.
In fact, Hunter and pals spoke with Menendez's office about CAF, and even arranged for meetings between CAF and DOT officials.
CAF hired Rosemont Seneca in June 2010 and Hunter Biden’s firm appeared to discuss potential contracts with Amtrak shortly thereafter, according to the laptop archive. Biden and his associates also appeared to work with CAF on a letter sent by the Spanish ambassador to Amtrak advocating for the firm, emails show.
Hunter Biden sat on Amtrak’s board from July 2006 to February 2009 after he was nominated by former President George W. Bush. Prior to his Amtrak position, Biden worked in former President Bill Clinton’s commerce department and at a Washington, D.C., law firm. -Daily Caller
It’s now firmly established that the Ukrainian counter-offensive turned out to be the feeder of a bloody meat grinder of astonishing proportions.
Of every 100 people who joined Ukrainian units last Fall, months before the counter-offensive, only 10 to 20 remain. The rest are dead, wounded or incapacitated. These stats were confirmed by the online publication Poltavashchyna.
It’s quite enlightening to check the following snapshot of the Ukrainian frontlines only five months ago, in Spring, slightly before the start of the counter-offensive. The data was leaked by Ukrainians. The authenticity of the documents has been fully confirmed.
In his speech before the UN General Assembly on Saturday which broadly presented Moscow's viewpoint on the state of global affairs, Foreign Minister Sergei Lavrov frequently lambasted the West while actually mentioning Ukraine very little.
These are familiar themes, sounded by Putin himself on many occasions recently, seen in the following statement of Lavrov's: "The US and its subordinate Western collective are continuing to fuel conflicts which artificially divide humanity into hostile blocks and hamper the achievement of overall aims," he said. "They’re doing everything they can to prevent the formation of a genuine multipolar world order."
Last month in the middle of the surreal “Bidenomics” hype I published an article titled ‘Nothing Is Over: Inflation Is About To Come Back With A Vengeance.’ I outlined the misconceptions surrounding CPI and how it is not an accurate model for the effects of inflation. I also noted that the index had been manipulated downwards by Joe Biden as he flooded the market with oil from the strategic reserves. Because so many elements of the CPI are connected to energy, Biden had created an artificial drop in CPI using this strategy.
I argued that as the strategic reserves ran out and Biden lost his leverage, CPI would rise again and prices on a number of necessities would climb. This is happening now, with the biggest jump in CPI in 14 months and gas prices clawing back towards all-time highs.
Inflation is not going away anytime soon, but the bigger issue at hand is who benefits most from inflation and rising prices? The answer might be obvious to some but many people are oblivious to the root cause of inflationary dysfunction and often see it as a consequence of random economic chaos rather than a product of clever engineering. The truth is, banking oligarchs and political authorities revel in the inflationary tidal wave because it is a perfect opportunity to institute far reaching socialist controls over resources.
The Department of Homeland Security (DHS) is continuing to hold back information about its efforts to police online speech in response to Freedom of Information Act (FOIA) requests.
The Americans For Prosperity (AFP) Foundation, a political advocacy group, has spent years attempting to get the DHS to hand over records on its efforts to censor “misinformation, disinformation, and malinformation.” However, the DHS has responded by heavily redacting any records it turns over to the group.
The DHS is citing FOIA Exemption 7(E), which protects “techniques and procedures for law enforcement investigations or prosecutions,” to justify the redactions.
Kevin Schmidt, the Director of Investigations at AFP, blasted the DHS for obfuscating the contents of the documents.
“If DHS believes it has the authority to police people’s online speech, it should be open with the public about what those authorities are,” he said.
He added that the DHS’s use of FOIA Exemption 7(E) “suggests the DHS is either overstating its authorities or it’s abusing FOIA exemptions to avoid transparency.”
Fresh revelations regarding a $2.5 million contractual agreement between the Defense Information Systems Agency (DISA) at Fort George G. Meade and social media scrutinizer Dataminr have emerged. These claims, unveiled by a US government notice, imply a new era of digital monitoring rests on the horizon, increasingly unsettling in its reinforcement of sweeping surveillance, and potentially having implications on free speech and privacy protection.
Fort Meade, also known as the steering wheel of the US Government’s paramount signals intelligence organization, the National Security Agency, has seemingly struck a discreet deal to expand its espionage services.
China is accelerating its military capabilities to invade Taiwan and possibly wage war against the United States in the South China Sea, but its intentions and timeline remain vague, experts told the Daily Caller News Foundation.