As the winds whip through the canyons of Chicago's skyscrapers, a storm is brewing between the city's derivatives powerhouses like DRW, IMC, CME, and Cboe, and a new mayoral administration desperate to fill its half-a-billion-dollar budget chasm, Bloomberg reports.
The city's financial giants, traditionally known as the fulcrum of the global derivatives market, have been greasing the gears of global trade for decades in what's now a $75 billion industry. Now, they find themselves in the crosshairs of an $800 million tax proposal from Mayor Brandon Johnson. The plan? levy every financial transaction. The response? Chicago's financial elite are rattled - particularly as crime rates surge.
Now, a quiet mobilization is underway. These giants of trade, who typically spend their days outfoxing each other in the markets, are now colluding to push back against what they see as punitive policies. This new front sees them sharing data to amplify their value proposition, making it crystal clear to policymakers the vast economic benefits they bring to Chicago.
"We don’t want to leave... But we cannot be disadvantaged in the world's most competitive markets," said Ed Tilly, the CEO of Cboe Global Markets.
Shareholders in these companies have felt more pain than strikers in recent months, with shares of Stellantis falling by more than 7 percent and shares of Ford and GM falling by more than 20 percent. Compare that to rising inflation, which is less and hits the pocketbooks of both shareholders and workers.
Yet union bosses want to grab even more value from shareholders in a manner that's ultimately a small win and big loss for not only the workers and companies, respectively, but also for the entire economy. What a tiny percentage of U.S. unionized auto workers hope to gain in increased wages, shareholders lose in multiples, and Americans as a whole lose in our market’s competitiveness.
Investors prefer to invest in countries where they aren’t compelled to share profits when times are good. That’s why investors risk their capital. With no significant upside, investors will keep their money in lower-profit but more reliable investments such as bonds, a preference that, if widespread, would impoverish not only the auto industry but all of the American industry. It's an inefficient form of investing and removes the critical element to the economic growth of risk-takers as decision-makers with skin in the game.
Shareholders aren't all billionaires. In fact, 158 million Americans own shares in companies—about three-quarters of all adults. As should be clear from those numbers, most shareholders are regular folks, and those regular folks are getting fleeced by the union (full disclosure: This author is a regular guy who holds GM shares).
The problem isn't just with the unions. The problem is with our politicians, who can't stand up to the unions, or they get voted out of office. That's why both Republicans and Democrats avoid angering unions, and why they silently endure strikes that debilitate not only the affected companies but the entire economy.
Alzheimer’s is a degenerative and incurable brain disease that predominantly affects older people.
Early symptoms include memory loss and lapses in judgment, but at a later stage these can progress to problems with a wider range of functions too, such as balance, breathing and digestion.
As Statista's Anna Fleck details below, while heart disease, cancer and Covid-19 claimed by far the highest numbers of lives in 2021 (which was the latest available data), Alzheimer’s disease ranked in a high seventh place with 119,399 deaths that year, equating to 31 people per 100,000 population.
After years of condemning ballot harvesting and early voting, Republicans are switching course for 2024 and embracing both policies wholeheartedly. The results, experts say, can bear good and bad consequences. Some foresee legal challenges.
"Ballot harvesting" is a practice where third-party individuals or organizations collect completed mail-in ballots and deliver them to election officials on a voter's behalf.
Hans von Spakovsky—Election Law Reform Initiative Manager and Senior Fellow at The Heritage—prefers to call the practice "Ballot Trafficking."
"You play by the rules that are in place wherever you are but that doesn't mean that you allow the status quo to stay that way," Mr. von Spakovsky told The Epoch Times.
He also suggested that the GOP's decision to play the ballot harvesting game should not stop voters from trying to convince their state legislators "to change the rules to get rid of ballot trafficking and allowing third-party strangers to go pick up a voter's ballot because the risks in allowing that are too great."
On Friday, New York City Mayor Eric Adams unveiled a Knightscope K5 Security Robot that will be deployed in the crime-ridden Times Square Subway Station.
"$9 an hour… $9 an hour. I know you wanted to write how we're wasting money, but I'm sorry I'm taking your thunder away. We're leasing at $9 an hour," Adams said at the robot's big reveal press conference.
Somehow, the mayor and fellow Democrats believe this robot will deter criminals who have only been emboldened by failed social justice policies over the years.
From afar, the fully autonomous security robot looks like a giant trash can on wheels. It's armed with cameras and will record video but not audio.
The robot comes as the mayor has slashed budgets citywide by 5% amid worsening financial conditions in the metro area, fueled by outflows of residents and businesses and a migrant crisis sparked by the Biden administration's disastrous open southern border policies.
"This is below minimum wage," Adams said, adding, "No bathroom breaks, no meal breaks."
However, not everyone was thrilled about the robot, and there seems to be some in-fighting among Democrats in the metro area. Rep. Alexandria Ocasio-Cortez (D-NY) posted on X, "NYC schools got defunded to pay for these privacy disasters on wheels."
The four-star general in charge of the US Air Force’s Air Mobility Command has defended a memo he sent to his officers earlier this year where he predicted the US would be at war with China in 2025.
"My assessment is that war is not inevitable, but the readiness I’m driving with that timeline is absolutely essential to deterrence and absolutely essential to the decisive victory," Gen. Mike Minihan said last week when asked about his prediction, according to Defense One.
Ukraine has received billions of dollars in aid from the United States to help with its war with Russia. Despite this, Democrats in Congress want to send even more to the war-torn country. And they are willing to do so even if it means a government shutdown in this country.
It’s a fiscally irresponsible move and detrimental to the U.S., and it’s precisely why Sen. Rand Paul (R-KY) declared he would not support any more aid to Ukraine.
“I rise to put the leadership of the House, the Senate, and the president of the United States on notice. I will not consent to any expedited passage of any spending bill that provides any more American aid to Ukraine,” Paul said in a press release from Sept. 20. “It’s as if no one has noticed that we have no extra money to send to Ukraine. Our deficit this year will exceed $1.5 trillion.”
Paul is correct and should be applauded for his statements. What has happened in Ukraine is tragic, and innocent people are suffering because of the tyrannical whims of Russian President Vladimir Putin. Nevertheless, it is not the nation’s responsibility to fund the war in Ukraine. Politicians in this country have a duty to do what’s best for the public, not Ukrainians.
“As elected officials, we have an obligation to pursue a foreign policy that advances the security and prosperity of our country. Funneling billions of dollars that have to be borrowed into the meat grinder of eastern Ukraine does neither,” Paul’s press release read. “The longer this conflict continues, the greater the risk that miscalculation or purposeful escalation draws the United States into direct conflict with Russia.”
Arizona was the focal point of electoral cheating scandals during both the 2020 and 2022 elections, with Maricopa County at the center of the storm. While many theories swirl about what actually transpired in Arizona during the 2020 election, one important thing has been overlooked – and it could be the key in unraveling the mystery – it’s all about the choice of paper that used for printing the ballots. Pollster Rasmussen has just shared some possible game-changing election fraud findings out of Arizona, and the one point, among many, that really caught our eye was something that was singled out in Maricopa County involving the ballots – but not in the way you may think. It looks like one of the biggest moves Dem may have made to secure AZ was with paper. It turns out that in AZ, there was only one type of paper that was approved for ballots. However, for some mysterious reason there were 10 different types of paper used. What does that tell you? Well, for most critical thinkers, that would mean there were a whole helluva lot of fake ballots out there, to the tune of about 200K. That’s less than what Biden won the state by.
For months, Robert F. Kennedy Jr. has said he plans to continue his long-shot challenge against President Biden in the Democratic primary rather than dropping out to launch a third-party bid.
But lately Mr. Kennedy’s message has seemed to shift, including publicly telling a voter who asked about his plans that he was keeping his “options open.”
If Mr. Kennedy does decide to leave the party of his famous father and uncles to run in the general election, one potential landing spot may be the Libertarian Party, which at the moment lacks a widely known candidate but has excelled at securing ballot access.
In July, Mr. Kennedy met privately with Angela McArdle, the chair of the Libertarian Party, at a conference they were both attending in Memphis — a meeting that has not previously been reported.
It started slowly at first – a trickle of concerning reports that something wasn’t right. In January 2021, just weeks after the rollout of the COVID-19 vaccines, cases of myocarditis began cropping up.
Myocarditis – inflammation of the heart muscle – had never been linked to vaccines before. So when 28 cases were reported to the U.S. vaccine adverse event reporting system (VAERS)  that month, it raised eyebrows.
By February, the trickle had become a stream. VAERS received 64 more reports, including two deaths . Then in March, Israel  and the military  started reporting cases too.
Something strange was going on. But the authorities ignored it.
In March, the FDA authorized the Johnson & Johnson vaccine without a whisper of myocarditis . The CDC soon recommended it for all adults . Colleges and businesses started mandating the shots . It was full speed ahead.
Behind closed doors though, alarm bells were ringing. The CDC met with the military to discuss the myocarditis cases in young troops . Israel was reporting dozens of cases, including in teenagers . The FDA knew from Pfizer that there were nearly 60 cases already in its database .
But in public, it was denial and dismissal. The CDC director claimed she wasn’t aware of any military cases . Pfizer hid its database numbers . And the FDA rubber stamped authorization of the Pfizer vaccine for teenagers in May without a mention of myocarditis .
As myocarditis reports flooded into VAERS in the hundreds during the summer , young, healthy people continued being pressured to get vaccinated. Mandates rolled out across the country . The authorities told the public the benefits outweighed the risks .
But patients started sharing their stories of being hospitalized with heart problems after vaccination . Researchers began publishing case reports in medical journals . And still, the CDC publicly downplayed concerns .
In 58-2 vote, the Republican Party of Texas approved a resolution calling on Texas House Speaker Dade Phelan to resign.
The resolution was approved during the Senate Republican Executive Committee’ meeting in Corpus Christi on Saturday, and cites Phelan’s embrace of the failed impeachment against Attorney General Ken Paxton as well as his appointment of Democrats to leadership positions:
The Department of Homeland Security has claimed in internally circulated memos that it has regulatory or statutory authority to seek out and ask social media companies to censor accounts and individuals it has deemed are spreading misinformation.
The memos, dated as early as February 2022, include pages titled “DHS Authorities in the MDM Space,” shorthand for misinformation, disinformation, and malinformation. But the pages are completely blank, redacted by DHS, which relied on exemptions under a Freedom of Information Act request by the libertarian Americans for Prosperity Foundation.
Webmaster addition: Laws repugnant to the Constitution are automatically null and void. -- US Supreme Court, Marbury v Madison
Two weeks ago, the California Legislature passed a new excise tax on the sales price of all firearms, firearm precursor parts, and ammunition. The 11% tax, paid in addition to sales taxes (base statewide sales tax of 7.25%), would take effect on July 1, 2024. As of Thursday, Assembly Bill 28 remains on Gov. Gavin Newsom's desk.
The bill was introduced by anti-gunner and Everytown and Giffords supporter, Democrat Assemblymember Jesse Gabriel of District 46, who has mentioned on his website, "We must ban the sale of assault weapons and stand up to the NRA. In the State Assembly, he'll fight for tough gun control laws to help prevent mass shootings and keep our kids safe."
"We've passed a lot of good gun safety laws. The data shows that we have a lower gun death rate here in California than we do in other states. But this was one of the big things that was still out there."
Gabriel has been one of the most outspoken anti-gunner lawmakers in the crime-ridden state in his attempts to ban semi-automatic rifles. He has also partnered with former Congresswoman Gabby Giffords' anti-gun group Giffords to wage war on AR-15s.
Gabriel's move against semi-automatic rifles is alarming, considering FBI data shows handguns are the most common murder weapon in the US. But ignore the inconvenient truth and target 'military-style assault weapons' instead.
President Joe Biden referred to legendary rapper LL Cool J as a 'boy' after mispronouncing his name at the Congressional Black Caucus on Saturday night in yet another butchered speech.
LL Cool J and MC Lyte received Phoenix Awards for their musical contributions at the annual ceremony in Washington DC.
While on stage, Biden, 80, said: 'Two of the great artists of our time representing ground-breaking legacy of hip hop in America, LL Jay Cool J, uhhh...' - as the audience laughed at his latest gaffe over the rapper's name.
Biden then added: 'By the way that boy - that man's got biceps bigger than my thighs.'
The footage of his speech was quickly re-posted by right-wing RNC Research on social media where commentators swiftly pointed out that referring to African Americans as 'boy' is widely considered a derogative term.
Walk through your local grocery store and you’ll find many Kellogg’s products: Rice Krispies, Pop-Tarts, Pringles, Cheez-Its, Froot Loops, Frosted Mini-Wheats, Corn Flakes, Frosted Flakes, and Special K.
Some of the boxes will tell you that they are sweet and delicious, while others might claim to be heart-healthy.
What Kellogg's products should tell you is that each sale supports open borders, rioting, and radical leftism. This is an indisputable fact, just like the number of calories in a serving.
Each box of Special K that’s sold benefits the W.K. Kellogg Foundation. Every conservative knows about George Soros’ support of left-wing activists, but few are aware of just how influential the Kellogg Foundation is. The foundation distributes hundreds of millions of dollars’ worth of grants every year. Its immense wealth is due to its large ownership stake in the Kellogg company.
The W.K. Kellogg Foundation Trust owns 16% of Kellogg’s. That stock is worth $3.2 billion. The trust uses these assets to fund the foundation. For example, in 2022 the trust funded the Kellogg Foundation with $387 million, according to Influence Watch.
Disney fired hundreds of employees in China earlier this year, days before CEO Bob Iger was scheduled to meet with Rep. Mike Gallagher (R., Wis.), chairman of the Select Committee on the Chinese Communist Party.
The company laid off more than 300 employees in Beijing in March, one week ahead of the meeting, the Wall Street Journalreported. Heads of Disney anticipated questions on data security given the company's use of Chinese staffers who had access to some U.S. consumer data, according to the Journal.
Gallagher has long pushed companies to lessen their reliance and cooperation with the communist Chinese government, the Journal reported:
Gallagher is among the members of Congress who have voiced concerns that China’s government could use its leverage, especially in the tech and media industries, to strengthen its military capabilities, access Americans’ user data and influence U.S. pop culture by forcing entertainment companies to self-censor in a way that helps burnish the country’s global image.
On May 15, 1970, the New York Times published an article by esteemed Russia scholar Albert Parry detailing how Soviet dissident intellectuals were covertly passing forbidden ideas around to each other on handcrafted, typewritten documents called samizdat. Here is the beginning of that seminal story:
Censorship existed even before literature, say the Russians. And, we may add, censorship being older, literature has to be craftier. Hence, the new and remarkably viable underground press in the Soviet Union called samizdat.
Samizdat – translates as: “We publish ourselves” – that is, not the state, but we, the people.
Unlike the underground of Czarist times, today’s samizdat has no printing presses (with rare exceptions): The K.G.B., the secret police, is too efficient. It is the typewriter, each page produced with four to eight carbon copies, that does the job. By the thousands and tens of thousands of frail, smudged onionskin sheets, samizdat spreads across the land a mass of protests and petitions, secret court minutes, Alexander Solzhenitsyn’s banned novels, George Orwell’s “Animal Farm” and “1984,” Nicholas Berdyayev’s philosophical essays, all sorts of sharp political discourses and angry poetry.
Though it is hard to hear, the sad fact is that we are living in a time and in a society where there is once again a need for scientists to pass around their ideas secretly to one another so as to avoid censorship, smearing, and defamation by government authorities in the name of science.
Two federal lawsuits filed over former Arizona Gov.
's decision last year to place thousands of shipping containers along the U.S.-Mexico border have been dismissed after the state said it would pay the U.S. Forest Service $2.1 million to repair environmental damage.
The Sept. 15 dismissal of the cases in U.S. District Court in Phoenix ends the fight over the double-stacked containers that were placed as a makeshift border wall in the summer of 2022.
Ducey, a Republican, sued in U.S. District Court seeking to stop the federal government from preventing placement of the containers.
The U.S. Department of Justice then sued Ducey and other Arizona officials, saying the wall interfered with federal control of the land along the international boundary. Many of the 3,000 containers were placed in the Yuma area of western Arizona and in the remote San Rafael Valley in southeastern Cochise County.
The dramatic increase in migrants crossing the U.S. border from Mexico has pushed the city of El Paso, Texas, to "a breaking point," with more than 2,000 people per day seeking asylum, exceeding shelter capacity and straining resources, its mayor said on Saturday.
"The city of El Paso only has so many resources and we have come to ... a breaking point right now," Mayor Oscar Leeser said at a news conference.
The arrival of largely Venezuelan asylum seekers is part of a larger swell of immigrants who traveled dangerous routes on buses and cargo trains to Mexican border towns near San Diego, California, and the Texas cities of El Paso and Eagle Pass.
Migrant numbers had plummeted in recent months, and the recent rise has generated a new wave of political attacks on U.S. President Joe Biden heading into the 2024 election.
Transportation Secretary Pete Buttigieg flew in to speak, as did California Gov. Gavin Newsom, party chairman Jaime Harrison, Illinois Sen. Richard J. Durbin and Minnesota Sen. Amy Klobuchar, who declared to the crowd, “Joe Biden has gotten results.”
“David Ignatius revealed a deep secret to me in that column, one I didn’t previously know. Our president is 80. I was unaware! Struck dumb by the experience! I’ve careened around the halls of the Senate today, saying, ‘My God, my God, did you know? Nancy Pelosi is 83?’” Coons joked, referring to the California congresswoman and former House speaker. “Sharp as a tack.”
President Joe Biden's job approval rating is 19 points underwater, his ratings for handling the economy and immigration are at career lows. A record number of Americans say they've become worse off under his presidency, three-quarters say he's too old for another term and Donald Trump is looking better in retrospect -- all severe challenges for Biden in his reelection campaign ahead.
Forty-four percent of Americans in the latest ABC News/Washington Post poll say they've gotten worse off financially under Biden's presidency, the most for any president in ABC/Post polls since 1986. Just 37% approve of his job performance, while 56% disapprove. Still fewer approve of Biden's performance on the economy, 30%.
On handling immigration at the U.S.-Mexico border, Biden's rating is even lower, with 23% approval. In terms of intensity of sentiment, 20% strongly approve of his work overall, while 45% strongly disapprove. And the 74% who say he's too old for a second term is up 6 percentage points since May. Views that Trump is too old also are up, but to 50% in this poll, produced for ABC by Langer Research Associates.
Ophelia tracked northward across eastern North Carolina into southeastern Virginia on Saturday. Although it lost wind intensity while moving over land and was classified as a tropical depression by Saturday evening, it continued to pack a punch across much of the East, unleashing drenching rain and threatening flooding from eastern North Carolina to southern New Hampshire.
The storm’s gusty winds cut power to nearly 30,000 customers as of 11 p.m. EDT Saturday, according to PowerOutage.us. Pennsylvania topped the list of affected states, the utility tracker reported. Wind gusts as high as 80 miles per hour were measured in Wrightsville Beach, North Carolina.
President Joe Biden’s allies are bracing for a possible impeachment by House Republicans and looking to turn it into a liability for GOP candidates in the 2024 elections.
They are tapping a deep bench of Democratic veterans of Donald Trump’s two impeachments and a team of two dozen White House aides to paint the impeachment effort as an evidence-free political stunt that exposes the disarray in the Republican Party.
The preparation, which has been going on behind the scenes for months, picked up urgency just before the House returned from summer recess with pressure mounting on House Speaker Kevin McCarthy to launch a formal inquiry.
A doctor made a startling claim about President Joe Biden during an interview this week that should send shock waves through the Democratic Party, as well as the White House.
Dr. Carole Lieberman, who has made appearances on Oprah Winfrey, Dr. Phil, Fox News, and CNN, told the Real America’s Voice streaming network that voters should not simply focus on Biden’s age — he’s 80, and he would be 82 on Inauguration Day if he wins again next year.
She said that there is “talk about Biden being too old to run, which isn’t really the case.”
“It’s not about his being too old,” she said, according to The Western Journal. “There are people a lot older who have their marbles and are very intelligent and know history and are able to know how to put this country in a good direction.
“So it’s not age. … It’s about his competency,” Lieberman continued. “If he took the test that I was offering him — this mini-mental status test, or some other kind of test of competency — there’s no way he would pass.”
During their alleged crime spree last month which left retired police chief Andreas Probst, 64, dead, Jesus Ayala, 18, and Jzamir Keys, 16, allegedly tried to run over a second cyclist in a stolen car.
A source told 8 News Now that the pair allegedly stole three cars, committed a burglary, hit and killed Pobst, and tried to run over a second cyclist over the course of two hours.
Alaya and Keys were arrestedlast week after a video went viral on social media of the teens appearing to intentionally drive a vehicle into a person riding a bicycle. During the video, which is seemingly filmed by a passenger in the front seat, a person can be heard saying, "Alright go, go go go," before sideswiping another car.
"B**** ass n*****!" One person yelled. "Stop talking sh**, b****!"
"Get his a**," one voice says just before the car hits a man on a bicycle. "That n**** knocked out!" one voice said afterward.
Ayala claimed to police that he would get a slap on the wrist for the incident. "You think this juvenile **** is gonna do some *****? I'll be out in 30 days, I'll bet you," he said.
"It's just ah ... ah, hit-and-run, slap on the wrist," he said, even though the cops never mentioned the incident to him.