The $68 billion Blackstone Real Estate Income Trust (BREIT) will receive a $4 billion bailout cash infusion from the University of California. BREIT has been in turmoil for the last two months. Blackstone sent a letter to investment advisors and portfolio managers in late November to calm down wealthy clients after redemptions soared. The New York-based investment manager enforced a redemption cap of 2% of NAV that could be redeemed per month or 5% per calendar quarter to prevent further panic.
A statement from the Office of the Chief Investment Officer of the Regents of the University of California (UC Investments) and Blackstone announced a long-term strategic venture in which UC Investments will invest $4 billion in BREIT Class I common shares.
Blackstone and UC Investments have also entered into a separate strategic agreement that provides for a waterfall structure concerning the total return to be received by UC Investments on its investment. Blackstone will contribute $1 billion of its current holdings in BREIT to support an 11.25% minimum annualized net return for UC Investments over a 6-year hold period.
Blackstone's terms for UC Investments should be terrifying for all BREIT investors.
A highly upgraded Russian missile attack has taken place in the last 24 hours both in terms of intelligence and military methodology.
The Russians hit with at least 3 missiles military facilities in the city of Khmelnytskyi in western Ukraine. The transport and storage hub of Western weapons and the base of elite Ukrainian commandos were hit. There is information about dead western officers.
Russia used a "trick" to find out where Western weapons are stored. As soon as the information about the coordinates of the storage base arrived, he launched a missile attack.
Shortly thereafter, Russia launched waves of attacks with swarms of Shahed-136 (Geran-2) “kamikaze” drones pounding Kyiv for several hours.
According to information from WarNews247, Moscow has upgraded Iranian drones by adding a Glonass signal transceiver for precision strikes.
The "kamikaze" "Geran-2" drones flew in swarms from different directions
Countless videos from Ukraine show Kyiv at the mercy of the Shahed-136 with the air defenses of NASAMS, Gepards, IRIS-T and other Western systems unable to react.
Samples returned from the moon by a Chinese mission have been found to contain exotic igneous rock types associated with material ejected by tremendous impacts.
The exotic "clasts" were found in samples of lunar regolith (dust and dirt) gathered by the Chang'e 5 mission around Mons Rümker, in the northern part of the moon's Oceanus Procellarum ("Ocean of Storms") region.
Zeng Xiaojia, Li Xiongyao and Liu Jianzhong from the Institute of Geochemistry of the Chinese Academy of Sciences (IGCAS) found the clasts among 3,000 samples and 3.82 pounds (1.73 kilograms) of lunar regolith returned to Earth by the mission in December 2020.
Doctors in Japan are now investigating the causal relationship between the experimental Covid vaccine and the unprecedented numbers of people dying suddenly.
Two more professors are speaking out against the vaccine.
Professor Masataka Nagao of Hiroshima University School of Medicine in Japan, a medical specialist in forensic medicine, performed an autopsy together with authorities of more than a hundred bodies a year.
In his analysis of the people who died following vaccination, Dr. Nagao focused on a particular pattern.
When the police performed the autopsies on vaccinated people, they found that their bodies had temperatures of over 100 degrees Fahrenheit (40 degrees Celsius).
“The first concern was that the body temperatures of the corpses were very high when the police performed the autopsy,” Nagao said. “The body temperatures were unusually high, such as 33 or 34 degrees celsius (91-93ºF).”
As many are making New Year's resolutions to eat healthier, would you try adding bugs to your diet?
In many cultures, eating insects is a part of their diet. In Asia, bugs are invading street food markets in Thailand and Vietnam. From cricket soup to worms you can get fried, battered, or sauteed with peppers, edible bugs are crawling into a popular nightcap snack.
Edible fired bamboo worms are displayed at Krua Phech Doi Ngam Restaurant, in Chiang Mai, Thailand, on Tuesday, Feb. 19, 2008.
(AP Photo/Sakchai Lalit)
In Colombia, one region has a species of ant calledAtta laevigata, and one of the local names of the ant in Spanish roughly translates to “big-butt ant.” These expensive delicacies are deep-fried to give a crispy, crunchy outside paired with (their big butts) a juicy inside.
Bill Gates and big names in Hollywood are pushing to eat bugs as a way to prevent climate change. The argument is that bugs are high in protein and could replace the high intake of beef, chicken, and pork. Critics against eating meat say raising these animals is adding to pollution. Time magazine even came out with an article pushing bugs as a sustainable, healthy alternative to meat.
But is this political motivation enough to make this trend mainstream in countries that don’t normally have such a high appetite for insects and arachnids? Of course, if you could convince an entirely new part of the population to ingest insects, there would be a market to make money. So will the Microsoft founder's next place to score big bucks be with bugs?
Webmaster addition: When I was a kid, finding insect parts in food could result in the food provider losing their license!
House Republican Leader Kevin McCarthy on Tuesday failed to secure the necessary 218 votes to be the next House speaker, the first time in nearly a century that the majority’s nominee needed another vote.
Reps. McCarthy, R-Calif., Andy Biggs, R-Arizona, and Hakeem Jeffries, D-N.Y., split most of the votes three ways. None of the nominees was able to reach the 218 vote threshold needed to secure a majority of votes.
McCarthy won a standing ovation from most Republicans on the House floor Tuesday as he was introduced by Rep. Elise Stefanik, R-N.Y., who nominated him to be the next House speaker.
"Under Kevin McCarthy’s leadership, House Republicans crafted a bold vision to put America back on track," she said.
Stefanik touted McCarthy’s pro-life and pro-Second Amendment stance, and said he’s "committed to stopping wasteful spending and shrinking the size of government."
Not even Avatar: The Way of Water could lift the studio’s financial outlook as investors brace for what looks to be a turbulent several months ahead.
20th Century Studios.
Disney’s abysmal 2022 represents its worst year since 1974 when the company’s stock dropped 54 percent, according to Dow Jones Market Data. For 2022, Disney’s stock was the second-worst performing among the 30 companies that comprise the Dow Jones Industrial Average, after Salesforce.com, whose stock fell 48 percent.
Disney has experienced a non-stop parade of bad news in 2022.
The company reported surprisingly weak profitability for its most recent quarter, sending its stock in a downward spiral while prompting the abrupt firing of CEO Bob Chapek and the return of former CEO Bob Iger.
Disney also picked an ill-advised fight with Florida Gov. Ron DeSantis (R) over the state’s anti-grooming Parental Rights in Education Law. As a result, Walt Disney World lost its lucrative self-governing status in the Orlando area — a privilege the company has enjoyed for decades.
The US government is funding research on how to fight online “misinformation” by correcting “false beliefs.” The funding is in partnership with fact-checkers.
On July 7, 2021, the National Science Foundation (NSF) funded a project titled, “How False Beliefs Form and How to Correct Them.”
The NSF allocated $444,345 to Lisa Fazio, an Associate Professor of Psychology and Human Development at Vanderbilt University. Since then, the total amount granted to the researcher has reached $506,478, as was first surfaced by a War Room report.
Thus far, they are the “untouchables.” The law firms that were at the side of Sam Bankman-Fried every step of the way as he built the FTX crypto exchange — an enterprise that Justice Department prosecutor Damian Williams calls “one of the biggest financial frauds in American history.”
Bankman-Fried, the former co-founder and CEO of FTX, has been indicted on eight criminal counts and is wearing a monitoring device as he awaits trial. Caroline Ellison, the former CEO of Bankman-Fried’s now bankrupt hedge fund, Alameda Research, which prosecutors say looted FTX customers’ money, has pleaded guilty to a 7-count criminal indictment. Gary Wang, the former Chief Technology Officer of FTX Trading Ltd., has pleaded guilty to four criminal counts.
What’s happening to the lawyers and the law firms that played pivotal roles in putting this house of cards together? Attorneys at one of those firms, Big Law behemoth Sullivan & Cromwell, are set to collect “between $1,575 and $2,165 per hour for their work” in the bankruptcy proceedings for FTX, according to Reuters.
British university issues racism trigger warning for classic novel ‘Ivanhoe’
The English department at the University of Warwick in England has appended a trigger warning to “Ivanhoe,” a classic 19th century novel written by Sir Walter Scott.
The department warned students about “offensive depictions of people of colour and persecuted ethnic minorities, as well as misogyny” in the 1819 epic novel, The Telegraphreported on December 27.
The text “concerns the life of Sir Wilfred of Ivanhoe, a fictional Saxon knight. Despite the criticism it received because of its historical inaccuracies, the novel was one of Scott’s most popular works,” according to Britannica.
“The work includes passages depicting black slaves, who leave medieval characters ‘appalled,’ as well as Arab Muslim captives,” according to The Telegraph. “These are shown, along with other key characters, as being prejudiced against Jews.”
The United States — as announced last month — began to send new B61-12 nuclear bombs to Italy and other European countries. A U.S. Air Force Department official document confirms this.
The document establishes “safety rules for C-17 airlift operations transporting B61-12 weapons in the U.S. European Command area of responsibility.” That area, in the Pentagon’s geography, includes not only Europe but the entire Russian Federation.
The document specifies which nuclear weapons are carried on C -17 Globe-masters, the largest U.S. military transport aircraft. The airplane carries the B61-12 nuclear bombs from the United States to Europe and from Europe to the United States the bombs replacing the B61-3, B61-4, and B61-7. In fact, a single B61-12 has four power options depending on the target to be hit. The C-17 Globemasters – the document again specifies – also carry other nuclear weapons: the B61-11, W78, W80-1, B83-1, and W87-0.
According to a Fox News report, Rep. Pat Fallon (R-TX) is set to file articles of impeachment against Homeland Security Secretary Alejandro Mayorkas as soon as the new Congress is sworn in.
Mayorkas is largely viewed by the GOP as a do-nothing leader responsible for exacerbating the border crisis.
“Since day one, Secretary Mayorkas’s policies have undermined law enforcement activities at our southern border,” Fallon said in a statement to Fox News. “From perjuring himself before Congress about maintaining operational control of the border to the infamous ‘whip-gate’ slander against our border patrol agents, Secretary Mayorkas has proven time and time again that he is unfit to lead the Department of Homeland Security.”
In order to meet the local school district’s new “equal outcomes for every student, without exception” strategy, Thomas Jefferson High School for Science and Technology (TJ) in Alexandria, Va., has been withholding National Merit awards from students and their families.
Attacks on parents are getting closer to home. From a woke education establishment to increasingly activist child protection agencies, parents are losing the right to decide how to raise their children. My new legislation, the Parental Right to Protect Act, will ensure parents aren’t expelled from their child’s life because they disagree with the left’s radical ideas on sex.
More medical facilities are offering life-altering, non-reversible medical interventions for adolescents who believe they were born the wrong sex. Many parents are against these experimental surgeries and hormonal interventions because they know these treatments will cause irreparable physical and emotional harm to their children.
Take Chloe Cole, for example, who at age 13 began taking puberty blockers. At age 15, she had a double mastectomy. And at age 16, she made the decision to stop these interventions and instead affirm her sex. Earlier this year, Chloe launched an organization alongside others who regret having received so-called “gender-affirming care.” This organization now works to warn others about the harms caused by such medical interventions.
It’s no wonder countries such as the United Kingdom and Sweden have recently suspended their use of this experimental approach on children, recognizing its inherent risks. Too bad the Biden administration isn’t following suit.
An air base deep in Russian territory has been attacked twice with drones in less than one month. It is not some remote outlying facility either. The air base near the city of Saratov houses nuclear-capable Russian strategic bomber aircraft.
The latest attack was on December 26 in which three Russian servicemen were killed from falling drone debris after the weapon was reportedly shot down. Saratov is 730 kilometers southeast of Moscow and hundreds of kilometers from the Ukrainian border.
On December 5, the air base was also targeted, again apparently by drones. On the same day, an air base at Rayazan less than 200 kilometers from Moscow was also attacked. The next day on December 6, a military facility at Kursk was targeted.
Ukrainian forces have not openly claimed responsibility for the attacks but there have been reports in the U.S. media hinting at that. The White House and State Department have both denied any American involvement, claiming that the U.S. has urged Ukraine not to strike Russian territory. “We are not encouraging Ukraine to strike beyond its borders,” said Ned Price, the State Department spokesman.
“With friends like these, who needs enemies?” is an observation attributed to the late comedian and New York Post “Strictly for Laughs” columnist Joey Adams.
After the Dec. 22 betrayal by 18 Senate Republicans of their House GOP colleagues—to say nothing of Republican voters—in inexplicably helping Democrats ram through a disgracefully pork-laden $1.85 trillion omnibus spending bill, Adams’ quote should be “revised and extended”—to borrow some Congress-speak—to “With Republicans like these, who needs Democrats?”
As the curtain rises Tuesday on the GOP-controlled House in the 118th Congress, there still hasn’t been a plausible—much less defensible—explanation for why those 18 Senate Republicans would willingly kneecap their House counterparts, siding instead with all 47 Senate Democrats (and their three nominally “independent” allies) voting in lockstep to pass the beyond-bloated budget bill.
While many of the 18 were the usual RINO suspects, there were others whose votes for the blunderbuss omnibus were both shocking and disheartening:
How many millions have to die before people start to realize what is happening? For years, I have been persistently warning that we would soon enter an era of great pestilences, and now it is here. Sadly, what we have witnessed over the past few years is just the tip of the iceberg. At this point we have been perfectly primed for future pandemics because vast numbers of people all over the planet are now running around with compromised immune systems. That means that diseases will now be able to spread even more easily, and this is a trend that we have already started to see all throughout 2022.
Strep A is the latest illness to run wild in the western world. The number of children being admitted to the hospital with Strep A is way above normal in the U.S., and this appears to particularly be true in the western half of the country…
Webmaster addition: I would suggest that all these new "pestilences" are being invented as cover for the massive damage caused by the mRNA shots.
Of 23 major financial institutions that work directly with the Federal Reserve, 16 anticipate a recession within the next 12 months, with two anticipating one the year after, according to a survey published by The Wall Street Journal Monday.
Natalie–17,000 MDs have just signed a letter demanding that the vaccines be stopped because they are dangerous and unsafe. Is CTV going to cover that? Of course not because your “ethics” don’t allow you to cover a story that is contrary to Trudeau’s narrative and Pfizer wouldn’t like it.
In the waning days of 2022, one of the most bearish (and accurate, at least as far as last year was concerned) strategists, SocGen's resident permabear Albert Edwards, laid out what he thinks will be the big surprise of 2023, which will be "a return to deflation fears as headline CPI inflation drops close to, or likely below zero. Investors are already anticipating recession and have an unusually strong preference for bonds."
Edwards' also expects that while the current recession and collapse in commodity prices will also cause headline inflation to collapse, core inflation will abate too but remain sticky around 3% due to residual wage-price inflation (justifying the inevitable change in the Fed's target).