WILL BE BACK LIVE MONDAY!
"An elective despotism was not the government we fought for." -- Thomas Jefferson
Banks reduced their borrowings only slightly from two Federal Reserve backstop facilities in the most recent week, a sign that institutions are taking advantage of the central bank’s liquidity in the wake of turmoil.
Sen. Rand Paul (R-Ky.) in a Thursday interview on The Hill’s Rising said he wouldn’t vaccinate his own children for COVID-19 out of concerns about the risk of heart inflammation.
Paul, a vocal critic of pandemic policies who frequently battled with former White House adviser Anthony Fauci during the Trump and Biden administrations, said the risk of myocarditis — heart inflammation — is greater than the manufacturers of vaccines have said. He also argued the vaccine carries an unnecessary risk for young people.
In a stunning, but not altogether surprising statement, America’s top Navy official declared that “fighting climate change” is a “top priority” for the U.S. Navy. Navy Secretary Carlos Del Toro announced this last week not at the Pentagon or the U.S. Naval Academy, but at a conference in the Bahamas.
It is likely that Chinese President Xi Jinping and Russian President Vladimir Putin, meeting this week in Moscow to discuss closer military cooperation, shared a high five on hearing the Navy Secretary’s declaration.
Del Toro’s admission that strengthening America’s dwindling fleet of naval ships is no higher a priority than is “embracing climate-focused technologies” was not totally unexpected.
When there is fear in the air, banks start getting really tight with their money, and right now there is lots of fear in the air. A major credit contraction would be a nightmare scenario for the economy, and as you will see below, there is evidence that this is already starting to happen. Hopefully our leaders can find a way to calm things down, because we all remember what happened during the last financial crisis.
Banks decided to substantially tighten their lending standards and that really deepened the economic downturn. So our leaders should be doing what they can to support the stability of the system, but in so many cases they end up doing just the opposite.
The heirs to two of the most violent revolutions in modern history shook hands and took stock of their “comprehensive strategic partnership of coordination for a new era”, at a recent meeting in Moscow.
Many in the West have puzzled over this relationship between Chinese Communist Party chairman Xi Jinping and Russia’s Vladimir Putin. Some have imagined, for example, that Xi would be a neutral party in Putin’s war in Ukraine, or that he could even be a peacemaker.
But rather than imagining a troubling new partnership has emerged unpredictably after decades of peacetime globalization, we should look to a longer arc of history to understand Russia and China’s shared confrontation with the world.
The U.S. National Security Council spokesman has suggested the best way for Moscow's tankers to avoid the British depleted uranium munitions being sent to Ukraine would be to retreat back across the border.
A Challenger 2 main battle tank uses smoke during a demonstration at the Royal Tank Regiment Regimental Parade, on September 24, 2022 in Bulford, U.K.© Finnbarr Webster/Getty Images
London announced on Monday that it would send depleted uranium tank rounds—which are particularly effective in piercing enemy armor—along with the Challenger 2 main battle tanks being provided for Kyiv's use. The news touched off a furious reaction in Russia, where President Vladimir Putin falsely equated the munitions to nuclear weapons.
Violent demonstrations against pension reform in France led to the postponement Friday of King Charles III's trip to the country, highlighting the growing security and political problems faced by President Emmanuel Macron.
The choice of France for Charles' first foreign visit as sovereign had been intended to highlight warming Franco-British relations, but it has become a high-profile victim of the protests engulfing the country.
Macron asked the British government for the postponement, a UK government spokesperson said in a statement.
The decision was made "in order to be able to welcome His Majesty King Charles III in conditions which reflect our friendly relations", a statement from the French presidency said.
More than 1 million people demonstrated across France on Thursday against unpopular pension reforms, and violence erupted in some places as unions called for new nationwide strikes and protests next week, coinciding with King Charles III's planned visit to France.
The Interior Ministry said the march in Paris — marred by violence, as were numerous marches elsewhere — drew 119,000 people, which was a record for the capital during the pension protests. Polls say most French oppose President Emmanuel Macron's bill to increase the retirement age from 62 to 64, which he says is necessary to keep the system afloat.
Building on the strong turnout, unions swiftly called for new protests and strikes on Tuesday when the British king is scheduled to visit Bordeaux on the second day of his trip to France. The heavy wooden door of the elegant Bordeaux City Hall was set afire and quickly destroyed Thursday evening by a members of an unauthorized demonstration, the Sud Ouest newspaper said.
One day after posting what many saw as inciteful language on social media, former President Donald Trump took things to the next level, warning of “potential death & destruction” if he were to be charged with a crime.
It’s not clear WHICH crime he is referencing, as he is currently under investigation for many crimes, but it seems like the most likely case is the one being pursued by Manhattan DA Alvin Bragg for falsifying business documents that allegedly covered up hush money payments to adult film star Stormy Daniels.
Last weekend, Trump predicted he would be arrested. However, that never materialized, and the DA’s office pushed back, saying that the former president had misled the public about a looming arraignment.
Donald Trump pushed back on calls for his supporters to be peaceful if he is indicted and told Manhattan District Attorney Alvin Bragg to drop the Stormy Daniels hush money case as the grand jury was canceled for the rest of this week.
The ex-President posted a fired-up message on Truth Social insisting he is innocent and calling Michael Cohen a 'nut job' with 'zero credibility' as a decision in his case was pushed back again.
In all caps, he wrote: 'EVERYBODY KNOWS I’M 100% INNOCENT, INCLUDING BRAGG, BUT HE DOESN’T CARE. HE IS JUST CARRYING OUT THE PLANS OF THE RADICAL LEFT LUNATICS. OUR COUNTRY IS BEING DESTROYED, AS THEY TELL US TO BE PEACEFUL!
At today's Senate Foreign Relations Committee hearing, Sen. Rand Paul (R-KY) confronted Secretary of State Antony Blinken about records on COVID-19 research funding.
“Pharmaceutical marketers have noticed the power of patient persuasion and begun to leverage ‘patient influencers’ in brand campaigns,” says a new study by researchers at the University of Colorado, alongside the University of North Carolina, Chapel Hill.
With the wider influencer-marketing industry expected to be worth up to $21.1 billion in 2023, the study published in The Journal of Medical Internet Research provides early insights into this growing new area, including its darker side.
“The bottom line here is that patient influencers act as a form of interactive direct-to-consumer (DTC) advertising, sharing their knowledge and experiences on pharmaceutical drugs with communities of followers in which they wield great influence,” said author Erin Willis, an associate professor of advertising, public relations and media design.
“This raises ethical questions that need more investigation.”
DTC advertising allows drug manufacturers to target consumers directly, rather than through physicians. This method of advertising emerged in the 1980s, and is only prevalent in the US and New Zealand. In these countries, about half of all people who ask their doctor about a new drug do so after seeing a television commercial for it.