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"Fear and greed, not mathematics, drives the economy." -- Michael Rivero
McCaskill observed Pelosi react to a speech given by Biden on March 9 pitching his budget proposal for fiscal year 2024. At one point during his remarks, Biden harkened back to his 2020 election contest against former President Donald Trump.
“I had a big fight with the former president and maybe future president — bless me, Father,” Biden said. Amid a wave of boos in the room, Biden indicated he was joking.
Pelosi, who watched the address from her office, was not amused.
“Oh, please. Don’t even say such a thing,” Pelosi said. “That isn’t kidding. That’s horrible.”
No longer are actual human doctors making personalized decisions in patient care for elderly people on Medicare. Instead, artificial intelligence (AI) robots are deciding who lives and who dies.
The inevitable outcome of Barack Hussein Obama’s infamous death panels, AI-driven medicine is fast becoming the norm, not only for seniors but for everyone. If you are on Medicare, beware: things are getting uglier by the day in terms of being an absolute Orwellian nightmare.
Take the case of Frances Walter, an 85-year-old Wisconsin woman with a shattered left shoulder and a respiratory condition who was forced out of her nursing home by an AI algorithm that decided she only needed to stay there for 16.6 days. On day 17, her Medicare Advantage insurer, Security Health Plan, cut off payment for her care in accordance with the algorithm, even though she was not yet healed.
At the end of January, a high level delegation from the United States travelled to the United Arab Emirates.
Led by Brian Nelson, the under secretary of the treasury for terrorism and financial intelligence, the trip was preceded by a private diplomatic note stipulating that the US officials wanted to meet with high-level members of Abu Dhabi’s ruling al-Nahyan family.
The Americans were in the Gulf to “continue coordination on illicit finance and other regional issues”, meaning that they had come to talk about how the UAE is being used to circumvent western sanctions on Russia. This visit was followed not long after by one from James O’Brien, the head of sanctions at the US State Department.
Justice Ketanji Brown Jackson dissented Monday as the Supreme Court wiped out a federal appeals court ruling that upheld the right of a minor to go to court to obtain permission to seek an abortion without parental notification.
That lower court decision, issued last April by the St. Louis-based 8th U.S. Circuit Court of Appeals, seems moot as a result of the Supreme Court’s momentous Dobbs ruling last June that overturned Roe v. Wade and ended the federal constitutional right to abortion.
The high court’s order Monday directed the appeals court to vacate the judgment in the case out of Missouri and declare it moot.
The Supreme Court issued no opinion or detailed explanation for its action. However, Jackson penned a solo, four-page dissent arguing that the justices have become too liberal in granting requests from parties to nullify rulings issued by lower courts.
2023 has not been a glowing one for JPMorgan.
In mid-January, we discovered that the giant US bank was tricked into paying $175 million for some millennial's fake rolodex to enhance its college financial aid platform.
Javice allegedly fabricated an enormous list of "fake customers – a list of names, addresses, dates of birth, and other personal information for 4.265 million ‘students’ who did not actually exist."
But, now, in mid-March, we may have an even more embarrassing moment for Jamie Dimon.
Some may remember, but in early February, we reported details of a huge nickel trading scam that involved Trafigura (one of the world's largest commodity traders) facing 100s of millions of dollars in losses, after discovering metal cargoes it bought from an Indian businessman didn’t contain the metal they were supposed to.
“Since late December 2022, a small proportion of the containers purchased from these companies have been inspected as they reached their destination, and were found not to contain nickel,” Trafigura said in the statement.
Well, it turns out, Trafigura was not alone.
The Wall Street Journal reports that, according to people familiar with the matter, JPMorgan owned the LME nickel contracts that turned out to be backed by bags of stones rather than metal.
Democrats have been on a rampage ever since the Supreme Court overruled Roe v. Wade. Abortion activists have tried to force this barbaric practice onto millions of Americans, the will of the people be damned. But numerous red states have struck back, passing laws that restrict abortion or outright ban it.
The left has tried to launch numerous lawsuits to counter these moves, along with Biden’s attempts at putting the deadly abortion pill into women’s hands. But the left continues to get served major setbacks in its “abortion only” campaign. In one state, they passed a law to memorialize those countless lives lost. And the governor just signed it into law.
Biden might be gearing up for a 2024 run, but perhaps he should be gearing up for a prison cell. For years, we’ve seen signs of his family’s corruption. Again and again, the Biden family has been implicated in all kinds of shady deals with foreign nations, including everyone from China to Russia.
Biden has dodged accusations by claiming innocence. That is, until Republicans took over the House. They have revealed numerous members of Biden’s family received payments from a foreign power. And now, one expert says this blows the case wide open.
From Fox News:
After President Biden claimed allegations of family payments from Hunter Biden’s business associate are “not true,” one China expert and author has signaled an “admission of corruption” from the First Family…
Hunter, the president’s brother, Jim, and Hallie Biden, the widow of the president’s late son, Beau, received payments from Hunter’s business associate Rob Walker and their joint venture with Chinese energy firm CEFC.
A spokesperson for Hunter Biden’s legal team confirmed the payments Thursday, but emphasized that the recipients’ accounts “belonged to Hunter, his uncle and Hallie – nobody else.”
President Biden’s top spokesperson refused to comment Monday on why two Russian billionaires associated with first son Hunter Biden have escaped US sanctions over the year-old war in Ukraine.
The Post asked press secretary Karine Jean-Pierre for an explanation after reporting fresh details last week on the association between the Biden family and oligarchs Vladimir Yevtushenkov and Yelena Baturina.
“Could [you] share the reason why President Biden hasn’t sanctioned the Russian billionaires Vladimir Yevtushenkov and Yelena Baturina?” The Post asked Jean-Pierre at her regular briefing.
“How is he handling the conflict of interest there given his son was a business associate of these two people? And can you confirm that, as sitting vice president, he dined with Baturina in Georgetown?”
Two Russian billionaires who have managed to dodge US sanctions over Moscow’s year-old invasion of Ukraine went property shopping with Hunter Biden, dined with then-Vice President Joe Biden, and discussed “favors” they might swap, sources tell The Post.
New details of Joe and Hunter Biden’s association with Yelena Baturina and Vladimir Yevtushenkov flesh out tantalizing clues from the first son’s abandoned laptop. The sources spoke with The Post this week after the duo was yet again spared in a fresh batch of sanctions announced by the Treasury Department Friday.
“I think it’s very fishy,” said one source who had firsthand knowledge of the business relationship between Hunter Biden and Yevtushenkov — who is sanctioned by the UK and Australia but not by the US.
House Republicans rallied to the defense of former President Donald Trump before his possible indictment, demanding that the Manhattan district attorney who is investigating him turn over documents and come for an interview.
The Republican chairmen of three House committees sent a letter Monday to Manhattan District Attorney Alvin Bragg, a Democrat, seeking information about his actions in the Trump case, which they characterized as an “unprecedented abuse of prosecutorial authority.” They requested testimony as well as documents and copies of any communications with the Justice Department.
No authorities wanted to take the case but then “what changed? President Trump announces he’s running for president and shazam,” Rep. Jim Jordan, R-Ohio, chairman of the Judiciary Committee, said shortly after sending the letter.
The letter to Bragg — effectively demanding transparency in the middle of a criminal investigation — suggested that Republicans intend to use their House majority to defend Trump as he mounts a second run for president.
The last gas-powered muscle car from Dodge isn’t leaving the road without some squeals, thunder and crazy-fast speed.
The 2023 Challenger SRT Demon 170 will deliver 1,025 horsepower from its 6.2-liter supercharged V-8, and the automaker says it will be the quickest production car made.
Stellantis, formed in 2021 by combining Fiat Chrysler and France’s PSA Peugeot, says it can go from zero to 60 miles per hour (97 kilometers per hour) in a scary 1.66 seconds, making it faster than even electric supercars from Tesla and Lucid.
It’s what the performance brand from Stellantis is calling the last of the rumbling cars that for decades were a fixture of American culture on Saturday night cruises all over the country.
Stellantis will stop making gas versions of the Dodge Challenger and Charger and the Chrylser 300 big sedan by the end of this year, squeezed out by stricter government fuel-economy regulations and an accelerating shift to electric vehicles to fight climate change.
On Tuesday, March 26, 2012, I was invited by Ron Paul and his staff to assist a meeting of the Domestic Monetary Policy and Technology Subcommittee of the House Committee on Financial Services. The title of the hearing was "Federal Reserve Aid to the Eurozone: Its Impact on the U.S. and the Dollar."
Unfortunately, Ben Bernanke had not come to the hearing, being busy with propaganda lectures in favor of the Fed. Instead, two of his colleagues, Mr. William C. Dudley (president and chief executive officer, Federal Reserve Bank of New York) and Dr. Steven B. Kamin (director, Division of International Finance, Board of Governors of the Federal Reserve System), showed up to answer the committee's questions on currency swaps with other central banks.
The hearing dealt mainly with the Fed's currency swap with the ECB, which amounts to a covert bailout of European banks.
But why did European banks need help from the Fed in the first place? European banks had borrowed dollars short term in international wholesale markets and lent these dollars for the long term to US companies or households. The maturity mismatch is highly risky, because once a bank cannot renew its short-term debts it becomes illiquid.
As part of the red carpet rollout for illegal immigrants the Biden administration is dedicating tens of millions of dollars to provide migrant youths with a multitude of services once they are released from government shelters. This includes medical, educational, legal and an array of other services. American taxpayers will also fund detailed home studies by deploying case managers to conduct intensive in-home engagements and virtual check-ins to ensure the safety and continued support for the young migrants and the families they have been released to. On its face the program for migrant youth—officially labeled Unaccompanied Alien Children (UAC) by the government—appears to be superior to the system that manages hundreds of thousands of U.S. children in similar situations, such as foster care.
Private and public educational institutions, small businesses, city and county governments, tribal organizations as well as nonprofits will receive government funding to assure UAC are well taken care off. The money will flow through the Department of Health and Human Services (HHS), which is charged with caring for illegal aliens under the age of 18. In a recent grant announcement the agency’s Office of Refugee Resettlement (ORR) reveals that it will allocate $50 million—and possibly up to $300 million—for the Home Study (HS) and Post-Release Services (PRS) for unaccompanied children. “PRS providers will be charged with a scope of services that includes three levels – virtual check-ins, case management services, and intensive in-home engagements,” the grant document states. “ORR provides Home Studies and PRS nationwide and needs HS/PRS providers to serve both high-need and remote locations where sponsors of unaccompanied children reside.” The agency encourages providers located in or near geographic areas where UAC are commonly unified with sponsors to apply.
The Federal Reserve was reportedly aware of Silicon Valley Bank’s risky practices more than a year before the California-based financial institution collapsed.
The Fed issued six citations after finding serious weaknesses in the bank's handling of risks during a 2021 review, The New York Times reported Sunday.
The bank did not fix its issues and by July 2022, it underwent a full supervisory review and was rated as having deficient governance and controls. Regulators restricted the bank to prevent it from using acquisitions to grow.
The San Francisco Federal Reserve Bank met last fall with senior leaders at Silicon Valley Bank to discuss the institution's ability to access cash in a crisis and how to weather rising interest rates.
Additional problems at the bank were discovered in early 2023 when it underwent what the Fed calls a "horizontal review," which assesses the risk management strength.
The Palestinian Authority, Egypt and Jordan have condemned as “racist” a firebrand Israeli minister’s remarks denying the existence of the Palestinian people, with Amman summoning Israel’s ambassador for a rebuke.
Israel’s far-right Finance Minister Bezalel Smotrich is part of veteran leader Benjamin Netanyahu’s hard-right government that took office in December.
Jamie Dimon is the Chairman and CEO of JPMorgan Chase, the largest bank in the U.S., which is also ranked the riskiest global bank by its regulators. But instead of getting his own house in order in the midst of a banking crisis, Dimon has been peculiarly focused elsewhere.
Over the past five days, Jamie Dimon’s legions of publicists have been burning up the phone lines with reporters, pushing the narrative that Jamie Dimon is some kind of financial wizard who needs to have a seat at the table to save the regional bank, First Republic Bank. (Scroll down here to see the exhaustive public relations effort that has gone into this narrative.)
Last Thursday, news hit the wire services that Dimon had lined up 11 banks willing to place $30 billion in uninsured deposits into First Republic Bank. JPMorgan Chase, Bank of America, Citigroup and Wells Fargo each ponied up $5 billion – or two-thirds of the $30 billion. The Federal Deposit Insurance Corporation (FDIC) caps federal deposit insurance at $250,000 per depositor, per bank.
North Carolina Governor Roy Cooper states that he will NOT veto a bill sent to his desk that will increase punishments for rioters in the state.
Fox News reports that the GOP-led legislature sent a bill to the desk of the Governor that would increase penalties on rioters. The bill passed through the bipartisan legislature, and the governor had until Monday to veto it. However, he has stated that he will not do so. The Associated Press reports that the governor let the bill become law without his signature. This is a move that the Governor can make, given the laws in the state. It allows him to allow the bill to become the law of the land without his express approval.
The decision to allow the law to go into effect may help prevent what could have been an override by the heavily GOP legislature in North Carolina. Therefore, Governor Cooper might simply be making sure that he is getting out of the way of a potentially embarrassing situation where he could have an override.
Louisiana Republican lawmakers gained a significant upper hand after a longtime Democrat switched parties.
State Rep. Francis Thompson, who has served as a Democrat from northeast Louisiana for decades, changed his party registration on Friday, according to CBS affiliate WAFB.
With this party swap, Republicans now have the numbers in both chambers of the state legislature to muster a two-thirds supermajority to override vetoes by Democratic Governor John Bel Edwards.
This is the first time Republican lawmakers in the state have had such an advantage in Louisiana’s roughly 210-year history, per Newsweek.