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Tags: CURRENT EVENTS
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by Tyler Durden
Monday, Jun 03, 2024 - 01:45 AM

French President Emmanuel Macron is busy working behind the scenes on a controversial new initiative to assemble an army of troops from NATO countries to be sent to Ukraine.

For now, the plan is to send the Western soldiers in the capacity of trainers and military advisers for Ukraine's armed forces, with the training likely to take place in the West of the war-ravaged country, or at least far from the front lines.

Via Reuters

"Paris has been working for a while now with the Ukrainians on this," a person familiar with France's initiative told The Financial Times. But the plan hasn't been launched formally by NATO leadership.

"The strong view is that it makes sense, technically... But it won’t be a Nato initiative," the source explained. This as a number of NATO countries have voiced reluctance or even outright disapproval, fearing unnecessary confrontation with Russia and runaway escalation that would put Western troops directly in harm's way.

According to more details of Macron's plan via FT:

President Emmanuel Macron is expected to unveil France’s plan to send army trainers next Thursday when he hosts Ukrainian President Volodymyr Zelenskyy in Normandy along with other leaders, including US President Joe Biden, on the 80th anniversary of the D-Day, according to people familiar with the matter.

Macron’s proposal would entail French soldiers training Ukrainian personnel for tasks including demining operations or repairing and maintaining military equipment. It could end up involving dozens or hundreds of troops. 

Already, the hawkish anti-Moscow Baltic states of Estonia and Lithuania appear to have signed onto Macron's plan. As of a month ago, Estonia said it was "seriously" discussing sending troops to Ukraine.

The French government has since said it is working with Kiev to try and understand their exact needs in terms of training and advisory operations.

Claire's Observations:  This is an utter fool's errand, and Macron's timing here could not possibly be worse.  If he thinks, for one second, that Putin is "bluffing" about Russia's response to such a mission, he should bloody well better reconsider, and quickly.

Apparently, Macron is suffering from SMD (selective memory disorder), and has completely forgotten how the US got  enmeshed in the Vietnam war.  As I am watching this potential foolishness, I am reminded of the phrase, "Those who do not learn from history, are doomed to repeat it."

 

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, FRANCE, NATO, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE, WMD
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Tags: ECONOMY
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by Tyler Durden

Monday, Jun 03, 2024 - 03:15 AM

India completed its seven-phase election process for the Lower House (Lok Sabha) of parliament on June 1, with results likely to be officially announced on June 4, but it appears likely is that India's Prime Minister Narendra Modi is likely to win a third consecutive term in office, exit polls suggest.

Analysts warn the polls, released by various news agencies, have often been wrong in the past and are not impartial. However, they have placed Modi's Bharatiya Janata Party (BJP) as the frontrunner in the general election.

The BJP, the main opposition Congress party and regional rivals battled it out in a fierce campaign over seven phases of polling

India's Mody Set To Win Third Consecutive Term: Exit Poll Implications

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by Tyler Durden

Monday, Jun 03, 2024 - 03:15 AM

India completed its seven-phase election process for the Lower House (Lok Sabha) of parliament on June 1, with results likely to be officially announced on June 4, but it appears likely is that India's Prime Minister Narendra Modi is likely to win a third consecutive term in office, exit polls suggest.

Analysts warn the polls, released by various news agencies, have often been wrong in the past and are not impartial. However, they have placed Modi's Bharatiya Janata Party (BJP) as the frontrunner in the general election.

The BJP, the main opposition Congress party and regional rivals battled it out in a fierce campaign over seven phases of polling.

A party or coalition needs 272 seats in parliament to form a government. The BJP led-coalition, the National Democratic Alliance (NDA), will cross this target - according to exit polls, which forecast it being close to taking about two-thirds of the seats.

In his first comments after voting ended, Modi claimed victory without referring to the exit polls.

"I can say with confidence that the people of India have voted in record numbers to re-elect the NDA government," he wrote on X, without providing evidence of his claim.

Modi's BJP is on course to win the election,

Exit polls results started coming in since the evening of June 1, and suggest the following trends according to Goldman Sachs:

  • All exit polls (available at the time of writing) show the incumbent BJP-led NDA alliance to be in a comfortable lead, with the average number of seats projected around 360+ within a range of 281 - 415. This is above the 272 seats (out of a total of 543) required for a majority, to form the government at the centre (Exhibit 1).
  • The average number of seats for the Indian National Congress-led I.N.D.I.A. alliance is projected to be around 150 within a range of 107-201.
  • The NDA alliance is leading in most of the largest states by vote share

Implications for government policies

According to Goldman, most clients the bank met with in recent months appeared to infer that political continuity would contribute to a stable macro-economic environment and continuing reforms. Regardless of which party or alliance takes office, the bank focuses on potential major policy changes that could be a priority for the new government.

From an earlier analysis on potential growth in India conducted by Goldman (available to pro subscribers here), one important conclusion was that the growth upside from higher labor force participation, and productivity or TFP growth, outweighs the upside from only increasing investment rates. Hence, along with creating physical infrastructure (through higher investments) India needs to remain steadfast on structural reforms like land and labor market reforms while creating a conducive environment for millions of workers to be gainfully employed, to realize its true growth potential. The window for this is likely going to be largest in the next several years as companies globally re-align their supply chain.

 

Tags: CORPORATE MEDIA, CURRENT EVENTS, ECONOMY, PAKISTAN/ INDIA
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$70 million was from small donors, and 30% of the total were first-time donors to a political campaign...
Tags: POLITICS/ ELECTIONS/ CORRUPTION
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The latest economic data paints a troubling picture, suggesting that stagflation may indeed be on the horizon. The second reading of US Q1 2024 GDP has plummeted to just 1.3%, a sharp decline from the previously reported 1.6% growth noted a month earlier and a stark contrast to the robust 3.4% expansion in Q4 2023. What does this mean for the economy? It indicates a significant slowdown in growth, driven by a notable downturn in consumer spending, which contracted by -2.0% compared to the previously reported +2.5% increase. At the same time, the Core PCE Price Index has surged to 3.6%, a substantial jump from its 2.0% reading in Q4 2023.
Tags: ECONOMY
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There’s a huge problem in space and no one is talking about it, space junk is filling our atmosphere and if we aren’t careful, it could literally trap us on Earth.
Tags: SCIENCE/ HEALTH/ CLIMATE/ NATURE
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by Tyler Durden

Sunday, Jun 02, 2024 - 03:55 PM

If you weren't already infuriated by Joe Biden's exploitation of the federal student loan program as a means of buying votes and redistributing wealth, this should do the trick. 

On Wednesday, Minneapolis Mayor Melvin Carter -- who earns makes takes $140,814 a year before benefits -- rushed to Twitter to thank President Biden for erasing his remaining student debt, sharing a screen shot showing his outstanding balance had turned to zero. 

 

The latest drip in the fiscal Chinese water torture that's being inflicted on responsible, productive Americans came earlier that day, with Biden announcing he was cancelling another $7.7 billion of debt. With that, the total such debt wiped away by his administration has reached $167 billion.  

After emphasizing that the average beneficiary of Biden's self-serving abuse of taxpayers has had $35,000 in debt forgiven, White House Press Secretary Karine Jean-Pierre fielded a challenging question from, of all sources, NBC News. Correspondent Peter Alexander asked, "Why don’t those individuals who didn’t receive $35,000 in debt cancellation deserve a $35,000 check from other Americans for what other means they would want to use it?" 

Jean-Pierre's struggle to rationalize the debt-forgiveness fiesta resulted in a comical, leftist word-salad

Claire's Observations:  This drags every US taxpayer to be on the hook for these loans, which they never OK'd or took out.  AND with a $34 TRILLION dollar deficit (that we know of) , the only place out of which these "forgiven" loans can come...are from taxpayers, already in a mess, between higher taxes, and overwhelming credit card debt.

Is the inability to think an issue through to its logical conclusion, now become the "mental hallmark" for Federal Government Employment?!?  Because, right now, looking at the By-di-Bidenistas, this absolutely appears to be the case!!

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, ECONOMY, EDUCATION, VOTE FRAUD, WHITE HOUSE
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By Eric Peters, CIO of One River Asset Management

“Still nosebleed long,” grunted Bulldog, selling a few S&P puts for sport. “Bought more stocks, and now I’m buying bonds. Not as a hedge, they’re both going up,” growled Dawg.

“The Baby Boomers are still too nervous about this market, Gaza, Russia, China, Iran. They got trillions sitting in money market funds. But at some point, as stocks rally, these Boomers are going to get FOMO.” That’s when the last leg higher takes off. “It’ll be parabolic. The talking heads will go nuts. VIX will hit 10.”

And Dawg dropped to the ground with a thud, as if all four legs lost power simultaneously, due to some malfunction.

“But after the blow off top, this market will crash, bigger than anything we’ve seen. Gold is telling you what’s coming.”

* * *

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, ECONOMY
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