"The executive power in our government is not the only, perhaps not even the principal, object of my solicitude. The tyranny of the legislature is really the danger most to be feared, and will continue to be so for many years to come. The tyranny of the executive power will come in its turn, but at a more distant period." -- Thomas Jefferson, Democracy in America

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Paradevices

The 10-year Treasury yield set off roaring alarms about the U.S. budget when it surged to 5% last month. Now those warnings look like a fire drill. Federal Reserve rate hikes seem to be over for now, giving the bond market a reprieve and allowing a powerful S&P 500 rally to resume.

Enjoy it while it lasts. The next debt scare may be the real thing, and it could rock the U.S. economy and stock market.

Here's why: The Fed's historic turnabout, from enabling massive budget deficits to directing the sharpest rate hikes in 40 years, has seemingly broken the budget. Treasury market stress is almost certain to return.

The era of Fed quantitative easing and near-zero interest rates promoted carefree fiscal policies that led the U.S. to rack up $20 trillion in federal debt since the 2008 financial crisis.

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Tags: ECONOMY
Posted on: Nov 27 07:16

Five Palestinians were killed late on 25 November and early the next day during a brutal Israeli raid in the occupied West Bank city of Jenin. 

Israeli troops stormed the city “from multiple directions … while opening gunfire indiscriminately, sparking confrontations with the local residents,” WAFA news agency reported. 

At least six other Palestinians were wounded as a result of the raid in Jenin. Among the five killed were members of the Jenin Brigade, one of the West Bank branches of the Palestinian Islamic Jihad (PIJ) movement’s armed wing, the Quds Brigades. 

Tags: ISRAEL, PALESTINE, WAR/DRAFT/ VETERAN AFFAIRS
Posted on: Nov 27 07:16

United States President Joe Biden has said there is a “real” chance that a four-day pause in Israel’s war on Gaza could be extended.

“I think the chances are real,” he told reporters on Friday, while also refusing to speculate on how long the war that started on October 7 after a surprise Hamas attack inside Israel could last.

Tags: ISRAEL, PALESTINE, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
Posted on: Nov 27 07:15

An ethnic minority armed group in Myanmar has seized control from the country’s ruling junta of a lucrative border crossing to China, local media and a security source said Sunday.

Clashes have raged across Myanmar‘s northern Shan state, close to the Chinese border, after an armed alliance of three ethnic minority groups launched an offensive against the military in October.

The groups have seized dozens of military positions and a town important for trade with China, choking commerce routes for the cash-strapped junta.

Tags: ASIA, CHINA, WAR/DRAFT/ VETERAN AFFAIRS
Posted on: Nov 27 07:15

Jordan’s Foreign Minister Ayman Safadi said Sunday he hopes a meeting of Mediterranean officials will help bridge a gap between Arab and European countries in calling for a humanitarian pause in Gaza to become a permanent cease-fire.

The fragile pause in hostilities between Israel and the Hamas militant group continued Sunday with a third straight day of hostages and Palestinian prisoners released. It was originally scheduled for four days and neither side has made fully clear what comes after Monday.

Safadi said the truce was holding up but that more effort was needed to reach at least 200 daily trucks bringing aid into the Gaza Strip, and for the pause in the fighting “to immediately develop into a permanent cease-fire.”

The minister spoke to The Associated Press on the eve of Monday’s Union for the Mediterranean gathering that will bring to Barcelona in northern Spain 42 delegations from Europe, the Middle East and northern Africa, many of them represented by their foreign ministers.

Tags: EUROPE, ISRAEL, MIDDLE EAST, PALESTINE, WAR/DRAFT/ VETERAN AFFAIRS
Posted on: Nov 27 07:14

In the wake of Trudeau Liberals’ decisions to cut funding to the Canadian military while allocating substantial aid to Ukraine, including a significant arms donation, Chief of Defence Staff General Wayne Eyre’s startling admissions reveal a military on the brink—shortages in personnel, urgent readiness rebuilding needed, low equipment serviceability rates, critically low ammunition, and deteriorating infrastructure. 

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Posted on: Nov 27 07:14

In a profound awakening, people are grappling with the bitter truth that their long-held beliefs, particularly within the Democratic Party, have not translated into tangible improvements in jobs, education, or community investments.

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Posted on: Nov 27 07:14

When I wrote my series on why Americans are moving away from organized religion, I didn’t focus specifically on those under 30, even though I knew they were the least religiously affiliated. I wanted to tell the full story that included different age groups because in recent decades, all age groups have seen a decline in religious participation. The sociological term for the unaffiliated is “nones,” a catchall for atheists, agnostics and those who say they have no religion in particular.

I also thought that for the youngest adults, the move away from traditional worship was just an extension of the overall trend: a combination of fewer of them being raised by religious parents, a greater social acceptance of not identifying as a person of faith and a cultural association between conservative political beliefs and Christianity that started years before the first Zoomer was born.

But after more reading, rumination and reporting, I think there’s something slightly new happening for Gen Z and the youngest millennials. So I turned again to Ryan Burge, a political scientist at Eastern Illinois University who is a pastor and the author of “The Nones: Where They Came From, Who They Are and Where They Are Going.” He told me: “The estimates vary on this, but it’s empirically defensible to say that at least 40 percent of Gen Z are nones now.”

Tags: RELIGION/ATHEISM
Posted on: Nov 27 07:13

The weakening pulse of corporate guidance is a stark reminder that even the stalwarts of the economic landscape are not impervious to the uncertainties of the current composition. Companies, usually the bedrock of economic health, are now sounding caution, adding a somber note to the economic melody.

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Posted on: Nov 27 07:13

Over three hundred migrants have been crashing at the San Diego International Airport as the border city has been hit with a surge of crossers. 

Overnight stays by migrants have become common at the airport, but in recent weeks the number has drastically risen. 

On Thursday, a bus dropped off dozens of immigrants at Terminal two, Fox 5 reported. 

Some of them reportedly arrived several hours or days before their scheduled flights, as local organizations have said that they believe that the people were transported there after being processed by Border Patrol. 

Tags: IMMIGRATION/GLOBALISM
Posted on: Nov 27 07:12

Motorists are thought to lose around 600,000 catalytic converters to thieves each year. But have they ever wondered just where the devices end up? 

For years, mystery has shrouded widespread theft of the car parts - which are designed to reduce the amount of harmful pollutants a vehicle emits and made from precious metals such as rhodium, platinum and palladium. 

A new investigation has dismantled the billion-dollar business of catalytic converter thefts which are stolen by crime rings, recycled and sold back to the very people who produce the devices for carmakers. 

It results in an endless cycle of metals being mined and sold to auto suppliers only to be stolen by thieves, recycled and sold back to metal refiners.

Tags: CURRENT EVENTS, ECONOMY
Posted on: Nov 27 07:12

A major explosion and fire has torn through a Russian factory which makes engines for Vladimir Putin's tanks and armoured vehicles.

Dramatic footage shows the moment the Chelyabinsk Tractor Plant, which is in the Ural mountains close to the border with Kazakhstan, goes up in flames.

Locals reported a powerful 'explosion', and footage taken by passersby shows a fireball rising high into the sky as the factory burns.

The precise cause of the inferno is not yet known, although key Russian installations have repeatedly been hit by sabotage or kamikaze drone attacks.

Tags: RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS
Posted on: Nov 27 07:12

Even though Israel and Hamas had agreed to a humanitarian pause, and Sunday marked the third day of the agreement, which also included a hostage swap, the Israeli army attacked the Al-Maghazi camp in central Gaza, killing at least one Palestinian and injuring another, Anadolu Agency reports.

“Despite the humanitarian pause taking effect, the Israeli forces has recently targeted two farmers east of Al-Maghazi refugee camp, central Gaza Strip, which led to the killing of one of them and the injury of another,” the Palestinian Red Crescent Society (PRCS) said in a statement.

There was no Israeli statement regarding the incident. Hamas has previously accused Israel more than once of violating the humanitarian pause.

Tags: ISRAEL, PALESTINE, TORTURE/ WAR CRIMES, WAR/DRAFT/ VETERAN AFFAIRS
Posted on: Nov 27 07:11

From Norway's northern borders to the shores of Australia, over 900 US military bases across the globe underscore the pervasive reach of Washington's military influence and an oppressive foreign policy.

The US global footprint not only exemplifies the logistical capabilities of the US military but also serves as a tangible representation of its hegemony.

By establishing bases in nations from Greenland to Japan, the US maintains a persistent presence, enabling the rapid deployment of forces and threatening the whole world. This inescapable control is one of the reasons why more and more countries are realizing the value of sovereignty and taking steps to avoid American domination.

Tags: WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
Posted on: Nov 27 07:10

In a surprising twist, the purportedly savvy hedge funds, often deemed the “smart money” of the market, are facing a staggering $43 billion in losses. This downturn serves as a harbinger of shifting tides in the financial landscape, raising questions about the broader implications for investors.

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Posted on: Nov 27 07:04

The property market is at the epicenter of the storm, with policymakers applying unprecedented pressure on banks to address a monumental $446 billion funding shortfall. 

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Posted on: Nov 27 07:04

A new, fairer and more democratic system of international relations that meets the needs of the world majority is being formed, Russian President Vladimir Putin said on Monday.

"It is obvious that the model of globalization, which was formed largely by Western states — naturally, in their own interests — has outlived its usefulness and is in a deep crisis. A new, fairer and more democratic system of international relations meeting the needs of the world majority is emerging," Putin said in his address to participants of the Primakov Readings forum in Moscow, published by the Kremlin.

Tags: RUSSIA/ UKRAINE /BELARUS /CRIMEA
Posted on: Nov 27 07:04

Income inequality has surged to levels not witnessed in over a century, prompting discussions on its broader societal implications. Rising inflation expectations have raised questions about the stability of purchasing power, leading to a heightened focus on potential actions by the Federal Reserve to address economic conditions.

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Posted on: Nov 27 07:04

The former White House physician has repeatedly expressed doubt about Joe Biden's physical and mental competence to perform his duties, especially in light of next year's US presidential election.

US President Joe Biden's cognitive decline is “happening quickly,” Texas GOP Congressman Ronny Jackson, a former White House physician, told a US broadcaster.

"I've taken care of three presidents… so I know firsthand what it takes to be the commander-in-chief and the head of state. It's a grueling job, both mentally and physically. This man can't do the job. He's proven to us every single day that he can't do the job, but this is going to get worse," Jackson said.

Tags: WHITE HOUSE
Posted on: Nov 27 07:04

Military investigations launched earlier this year have revealed that US bases in Iraq and Syria have been the target of theft with “multiple sensitive weapons and equipment” having gone missing.

A report by The Intercept yesterday, citing exclusive documents note that the US military presence in both countries have been unable to secure equipment, let alone personnel. This comes amid an uptick in missile and drone attacks against US bases in Iraq and Syria from Iranian-backed Iraqi resistance factions, in solidarity with Israel’s US-supported genocidal war against Gaza launched last month.

The US has since stepped up its own attacks in response, including “precision strikes” against a “training facility and safe house” in Syria, allegedly used by Iran’s Islamic Revolutionary Guard Corps (IRGC).

Tags: IRAQ, SYRIA, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
Posted on: Nov 27 07:03

A stark divergence between large and mid caps, soaring borrowing costs for S&P 500 companies, a prolonged crude oil decline, and soaring hedge fund exposure all contribute to an uneasy market outlook.

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Posted on: Nov 27 07:02

Impeachment investigators “need answers” on President Joe Biden‘s tax returns, according to a top House Republican.

In an interview that aired on Sunday, Ways and Means Chairman Jason Smith (R-MO) explained to Fox News anchor Maria Bartiromo how his panel’s “tax focus” is part of the impeachment inquiry against Biden.

“We have now seen checks going to President Biden of $240,000 as loan repayments to” his brother James Biden, Smith said on “Sunday Morning Futures.”

Tags: IMPEACHMENT, POLITICS/ ELECTIONS/ CORRUPTION, TAXES, WHITE HOUSE
Posted on: Nov 27 07:02

President Joe Biden got snippy with a reporter who asked him about how his age might affect his prospects for seeking re-election in 2024.

The exchange took place over the Thanksgiving holiday weekend, just days after Biden celebrated his 81st birthday amid concerns about his fitness to serve a second term.

“Mr. President, are you too old to be running for re-election?” the journalist asked Biden while he was shopping in Nantucket, Massachusetts, on Saturday.

“That’s stupid,” Biden shot back with a smirk, as shown in a clip aired on “Fox News Sunday.”

Tags: WHITE HOUSE
Posted on: Nov 27 07:01

House Intelligence Committee Chairman Mike Turner (R-OH) raised concerns over the weekend about the way that the Biden administration has gone about conducting negotiations with Qatar as it seeks the release of numerous Americans who were taken hostage by Hamas terrorists last month.

Turner made the remarks during a Sunday interview on NBC News’ “Meet The Press” with host Kristen Welker as some of the more than 240 Israeli hostages have started to be released.

“Speaking of the perils here, do you have any concerns that Hamas is delaying the release of American citizens to use them effectively as bargaining chips, Congressman?” Welker asked.

Tags: ISRAEL, PALESTINE, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
Posted on: Nov 27 07:00

A U.S. Destroyer took five individuals into custody on Sunday after they attempted a terrorist hijacking of an Israeli owned tanker in the Gulf of Aden.

The Liberian-flagged Central Park chemical tanker — which is managed by Zodiac Maritime, a U.K. based firm that is part of Israeli billionaire Eyal Ofer’s Zodiac Group — was believed to have been seized earlier in the day.

“US Navy personnel from the USS Mason responded to a distress call from the crew onboard an Israeli linked tanker,” said Fox News correspondent Jennifer Griffin. “5 armed gunmen tried to hijack the ship in Gulf of Aden. US Navy pursued toward Yemen. Warning shots fired. Gunmen now being interrogated.”

Tags: MIDDLE EAST, WAR/DRAFT/ VETERAN AFFAIRS
Posted on: Nov 27 07:00

“At approximately 0141 on Nov. 27 Sanaa time, two ballistic missiles were fired from Houthi controlled areas in Yemen toward the general location of the USS MASON (DDG 87) and M/V CENTRAL PARK,” U.S. Central Command said in a statement. “The USS MASON (DDG87), which is part of the Dwight D. Eisenhower Carrier Strike Group, was concluding its response to the M/V CENTRAL PARK distress call at the time of the missile launches. There was no damage or reported injuries from either vessel during this incident.”

Tags: MIDDLE EAST, WAR/DRAFT/ VETERAN AFFAIRS
Posted on: Nov 27 06:59

Some Democrats are beginning to respond to constituents’ anger over the high civilian death toll in Gaza, insisting aid to Israel must be contingent on the country’s compliance with humanitarian law. But President Biden remains firmly supportive of the US ally.

Two Democratic Senators have said US aid to Israel must be conditioned on greater efforts to avoid civilian casualties, marking a shift in rhetoric from the party since the early days of Israel’s military campaign in Gaza.

“We regularly condition our aid to allies based upon compliance with U.S. law and international law,” said Sen. Chris Murphy (D-CT) in an interview with US media on Sunday. “And that will be a conversation we will all be engaged in when we get back to Washington on Monday.”

Tags: ECONOMY, ISRAEL, PALESTINE, POLITICS/ ELECTIONS/ CORRUPTION, WAR/DRAFT/ VETERAN AFFAIRS
Posted on: Nov 27 06:58