"There are 14 or 15 million Americans who have the resources to have representatives in Washington to protect their interests, and that the interests of the great mass of the other people - the 150 or 160 million - is the responsibility of the president of the United States, and I propose to fulfill it." -- Harry S Truman
Just over a week ago, Meta CFO Dave Wehner confidently stated that the not-so-giant tech firm will basically freeze headcount and limit new hiring...
Our pace of hiring slowed in the third quarter, consistent with our previously-stated plans. We added 3,700 net new hires in Q3, down from our Q2 net additions of 5,700 despite Q3 typically being a seasonally stronger hiring period. We expect hiring to slow dramatically going forward and to hold headcount roughly flat next year relative to current levels...
We are making significant changes across the board to operate more efficiently. We are holding some teams flat in terms of headcount, shrinking others and investing headcount growth only in our highest priorities. As a result, we expect headcount at the end of 2023 will be approximately in-line with third quarter 2022 levels.
At the time, we were a little surprised (given the scale of the losses)...
The November Rare Earth MMI (Monthly MetalMiner Index) broke its short-term downward trend and traded sideways month-over-month. Altogether, the index dropped a modest 0.97%. Rare earths managed to hold their steady trend over most of 2022. This was due to the high demand for EV’s, electronics, and rare earth magnets. Indeed, the global market for all of these products continues to grow rapidly.
It has been a great year for energy stocks as the chart below clearly reveals...
... and it will be an even better year (and decade) for energy stocks.
Why? Not because of what Goldman trader Michael Sullivan wrote last week explaining why Energy has (finally) become everyone's favorite sector (more than two years after we first told our readers to go balls to the wall long XOM):
Legendary financial and geopolitical cycle analyst Martin Armstrong says,“The cheating in the midterm election next week is going to be so great that it is almost impossible to make a prediction. . . . In a fair midterm election, the Republicans would win the House and the Senate.”
So, what does his Socrates program see for next week? Armstrong, says, “It’s going to be tight, and the Republicans have a shot at taking the House. Technically, they should take the House and the Senate. I am just not sure. The corruption is so bad, it’s crazy. .."
"Pennsylvania sent out hundreds of thousands of ballots to people who are not documented or even American. I’ve gotten emails from people in Canada, they are getting mail-in ballots. They mailed them to Canada...
Where this ends up, who knows? It’s just so corrupt, it is over the top. It doesn’t matter who wins. Nobody is going to accept this thing, and that is the problem.”
“Wanna know what would make Biggie’s job easy?” barked Biggie Too, slipping into 3rd person like a warm bath. “On Valentine’s Day, non-farm payrolls is -250k, unemployment is above 4%, Powell says enough is enough, the S&P 500 troughs at 3300, and up we go,” bellowed Biggie, Chief Global Strategist for one of Wall Street’s Too-Big-To-Fail affairs. “The end of the bear market gets given to Biggie, wrapped up in a red bow.” Then Biggie went quiet. Agitating himself. “But Biggie doesn’t get gifts. Not for Valentine’s Day. Not for Christmas. Biggie doesn’t even get damn birthday cards.”
“Biggie is not going to get a signal we got a big low,” said Too. “Biggie is going to get a continuation of a series of lows next year, and it’s going be horrible, just horrible,” he said, not sounding terribly upset about it if I’m being honest. “And somewhere in the middle of it, something is going to break. It always does. Always.” We’ve seen the warning signs bubbling up. The UK pension LDI debacle. “You don’t hike rates this fast and not break something big. It’s coming,” said Biggie. “And listen, you’ll know when to trade the Fed pivot. It’ll be after everyone has given up on the Fed pivot.”
Seven years after former National Security Agency contractor Edward Snowden blew the whistle on the mass surveillance of Americans’ telephone records, an appeals court has found the program was unlawful – and that the U.S. intelligence leaders who publicly defended it were not telling the truth.
In a ruling handed down on Wednesday, the U.S. Court of Appeals for the Ninth Circuit said the warrantless telephone dragnet that secretly collected millions of Americans’ telephone records violated the Foreign Intelligence Surveillance Act and may well have been unconstitutional.
Snowden, who fled to Russia in the aftermath of the 2013 disclosures and still faces U.S. espionage charges, said on Twitter that the ruling was a vindication of his decision to go public with evidence of the National Security Agency’s domestic eavesdropping operation.
“I never imagined that I would live to see our courts condemn the NSA’s activities as unlawful and in the same ruling credit me for exposing them,” Snowden said in a message posted to Twitter.
Evidence that the NSA was secretly building a vast database of U.S. telephone records – the who, the how, the when, and the where of millions of mobile calls – was the first and arguably the most explosive of the Snowden revelations published by the Guardian newspaper in 2013.
Cybersecurity units from the National Guard will be activated in 14 U.S. states to help counter any threats to election officials’ networks ahead of, during, and after the upcoming Nov. 8 midterm elections, according to reports.
The 14 include battleground states Arizona, Iowa, and Pennsylvania, as well as Colorado, Connecticut, Delaware, Hawaii, Illinois, Louisiana, North Carolina, New Mexico, New York, Washington, and West Virginia, reported Politico.
Webmaster addition: Tomorrow looks to be "interesting.!
Progressives who have descended upon Austin, Texas in recent years are starting to reverse course amid a state-wide shift towards conservatism, NY Mag reports.
"It was easy to just be in Never Neverland, floating with a bunch of other transplants having a good time," said John Stettin, who relocated from Dallas to Austin five years ago and is now leaving for Massachusetts because of 'too many Republicans,' as one friend described the situation during Stettin's going-away party.
Austin has been a predominantly Democratic city full of 'liberal expats' who seek progressive politics and an urban lifestyle 'at a red-state cost-of-living discount,' according to the report.
Then the pandemic hit - and mean Governor Greg Abbott banned municipalities - including Austin - from implementing various COVID measures, such as mask mandates. Then, Abbott codified permitless carry into law and, according to liberals, 'further restricted voting access.'
Then, this past February, Abbott ordered child abuse investigations into parents of trans children - who, according to the report, began fleeing texas months ago.
"I’ve always said, ‘I’m gonna stay and fight until they try to take my kids away,;" said 'Karen' (name withheld), who has a trans child and says she did not want to risk being separated from her children. Karen has 'fled from Austin to Portland, Oregon,' causing her Republican father to 'burst into tears.'
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A National Security Agency whistleblower unearthed a hot-shot analyst’s unauthorized “project” that targeted the communications of citizens or persons in the United States, according to a top secret inspector general report from 2016.
The project, or “experiment,” was not approved by the Foreign Intelligence Surveillance Court, the attorney general, the NSA director, or the director for the division that handles signals intelligence. It was also not vetted by the analyst’s chain of command or any NSA officers responsible for oversight.
Journalist Jason Leopold obtained a highly censored version of the 2016 report through a Freedom of Information Act (FOIA) lawsuit and co-authored a paywalled article about what that report revealed for Bloomberg.
On March 18, 2013, only a few months before NSA whistleblower Edward Snowden exposed several of the NSA’s mass surveillance programs, a whistleblower stumbled upon a colleague who was collecting or attempting to collect a “large volume of telephone numbers without any foreign intelligence purpose.”
“I am deeply troubled by the Federal Reserve’s rapid series of super-sized interest rate hikes, which may inflict unnecessary pain on millions of individuals and families while sending the economy into a devastating recession,” wrote Chairwoman of the House Financial Services Committee in a public letter to Fed Chairman Powell.
“This week’s Federal Open Market Committee decision marks the fourth consecutive mega rate hike by the Fed, resulting in the highest federal funds rate since before the 2008 global financial crisis and the fastest set of rate hikes by the Fed in four decades. Enough is enough,” continued Maxine Waters.
And this level of political pressure has started with unemployment rising just 0.2% to 3.7%.
The Federal Bureau of Investigation is guilty of planting child pornography on personal computers belonging to Trump backers and employees of the Trump Organization, said a JAG employee who aided a U.S. Army Cyber Command inquiry to figure out the depth of the deplorable act and who had sanctioned it.
The military first heard the allegations in early September, when a former FBI agent reached out to Cyber Command with a startling story: He alleged that agents in the FBI’s Cyber Crimes Division–the lead federal agency for investigating cyber-attacks and intrusions—were committing crimes of their own rather than investigating the crimes of others. Agents (he did not know names, or the number involved) had discreetly embedded child pornography in emails sent to at least 25 of President Trump’s prominent financial backers, as well as four employees at Trump’s New York City offices.
The whistleblower, our source said, provided Cyber Command with digital copies of the emails, each of which appeared to have originated from either President Trump or his Save America fundraiser. In short, the true sender had spoofed names and I.P. addresses. Within that PDF were fundraising statistics and the familiar Save America logo colored red, white, and blue. Merely opening the PDF triggered undetectable malicious code that wrote hidden pornographic files to the recipients’ boot drive and buried them in invisible folders inside Windows Shell Components folder.
Hunter Biden's former business partner is ready to testify with thousands of new call recordings, text messages, photos, emails and documents to a congressional probe investigating the First Son – if the Republicans win the House, sources told DailyMail.com.
Kari Lake celebrated being on the minds of celebrity Democratic politicians like Barack Obama – but said she had a 'tinge of fear' when she earned the attention of Hillary Clinton and joked she might disappear.
Elon Musk publicly slammed Mark Ruffalo for criticizing his purchase of Twitter, telling the actor that 'not everything that [Rep. Alexandria Ocasio-Cortez] says is 100 percent accurate' following an online spat with the progressive politician.