The Biden administration on Friday ordered a 20-year ban on new oil and gas drilling leases within 10 miles of the Chaco Culture National Historical Park in New Mexico, according to multiple reports.
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"The Chinese are universally conceded to be excellent people, honest, honorable, industrious, trustworthy, kind-hearted, and all that--leave them alone, they are plenty good enough just as they are; and besides, almost every convert runs a risk of catching our civilization. We ought to be careful. We ought to think twice before we encourage a risk like that; for, once civilized, China can never be uncivilized again. We have not been thinking of that." -- Mark Twain
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MOUSE SLAP! Disney Stock Down 33% Since Feuding With DeSantis
MikeRivero
Fri, 06/02/2023 - 13:45
Disney’s stock has taken a beating.
According to a report from The Washington Free Beacon, the House of Mouse stock price has been on a steady downward trajectory since feuding with Florida Governor Ron DeSantis over his Parental Rights in Education Act (mislabeled the “Don’t Say Gay” bill).
From The Free Beacon:
Do you store a few hundred bucks in Venmo, PayPal or CashApp? MOVE it. That money is not protected and could vanish in a bank run: federal watchdog says BILLIONS at risk
MikeRivero
Fri, 06/02/2023 - 12:23
People who store a few hundred bucks in Venmo, PayPal, or CashApp could lose their hard-earned money, a federal government watchdog has warned.
The Consumer Financial Protection Bureau (CFPB) says those funds might not be safe in a crisis.
The apps are hugely popular and billions of dollars are at risk, the bureau warns.
Chase's website is down - customers complain transactions are going through TWICE, as banking giant says technical glitch will take five hours to resolve
MikeRivero
Fri, 06/02/2023 - 12:23
Chase Bank's website is down as customers have reported their transactions are going through twice - leaving some in arrears.
The financial giant said at 8AM eastern time that the glitches were due to a 'technical issue' and would be resolved within five hours from then, according to the US Sun.
The Senate voted 52-46 on Thursday to block President Joe Biden's student loan relief program.
The legislation would repeal Biden's debt relief program and resume federal student loan debt payments, which the administration had on pause. Moderate senators, including Democrat Sens. Joe Manchin of West Virginia and Jon Tester of Montana as well as independent Sen. Kyrsten Sinema of Arizona, voted with Republicans to pass the bill.
In my previously published article series we examined the Panic of 1819 and the precedent it set for the bigger financial meltdowns that would come. We also examined the “Postwar Boom Period,” of the 1920’s about how economic growth created successful business profits which raised the standard of living for most Americans. As a result of this prosperity, Americans had enough spare cash to get involved in real estate speculations and stock market investments. A wave of chance taking swept the nation. Everywhere there was uncontrollable wasteful spending and powerful profiteering.
We live in a strange time, one where the formerly unthinkable - skepticism among the "very serious people" about government data veracity - has become mundane.
As expected, Chuck Schumer's Senate was a lock for approving the deal to raise the debt ceiling, which will be suspended until January 1, 2025 while spending will remain 'roughly flat' for the same period of time "when factoring in agreed upon appropriations adjustments" (oh?), and virtually none of what actual conservatives wanted came to pass.
The 63-36 bipartisan vote means that the legislation will now go to President Joe Biden's desk - who 'looks forward to signing the bill into law as soon as possible,' according to a White House statement.
In April, French President Emmanuel Macron emerged from three days of meetings with Chinese President Xi Jinping in Beijing sounding as comfortable talking to Beijing as he does talking to Washington.
Debt Ceiling Deal Puts No Limits on Ukraine Aid
MikeRivero
Fri, 06/02/2023 - 08:48
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The debt ceiling agreement reached between the White House and House Republicans places no constraints on spending on the war in Ukraine, a White House official told Bloomberg.
The $113 billion that has been authorized to spend on the war in Ukraine so far was passed as supplemental emergency funds, which is exempt from the spending caps that are part of the debt ceiling deal.