Of Marxists And Morons Authored by Eric Utter via American Thinker, Most of us have heard the horrific figures: Communism/Marxism was responsible for more than 100 million deaths in the 20th century alone. There are two preconditions necessary for people to accept or even welcome Communism: one, frustration with current economic and/or political conditions, and two, a moral decay that generates a disdain for work and an […]

Obama-Appointed Judge Halts US Visa Restrictions On Disinformation Gurus Accused Of Censorship Authored by Owen Evans via The Epoch Times, A federal judge on Tuesday blocked the Trump administration from enforcing a policy that denied visas and ordered deportations of “disinformation” expert foreign nationals whom it accused of being leading figures in the global “censorship-industrial complex.” Last year, the United […]

Permanent Switch To Daylight Saving Time Easily Passes US House The movement to liberate Americans from changing their clocks twice a year cleared a key hurdle on Tuesday, as the US House of Representatives advanced the Sunshine Protection Act by a lopsided 318-117 margin. While many Americans would like to stop the spring and fall time changes, not all of them are on board with the Sunshine Protection Act’s specific approach, would […]

Pentagon Initiates Second Strike Wave Of Day After Iran Again Snubbed New Talks Summary Pentagon announces second wave of strikes later Wednesday, the after initial 90-minute attack to start the day. Trump threatens wider strikes unless Iran returns to talks – says attacks to ‘expand’ next week. Wednesday saw 5th strait day of US bombardment on chiefly Iranian coastal sites. Iran hits US-Gulf bases and warns on regional oil […]

US Utilities Requested $9.2BN In Rate Hikes In Q2, Up 26% From Previous Year By Ethan Howland of UtilityDive Electric and gas utilities in the second quarter asked state regulators to approve $9.2 billion in rate hikes, up 26% from the $7.3 billion in rate increase proposals filed in the same period last year, according to an updated report released Tuesday by the advocacy group PowerLines. In the first half this year, utilities […]

Ukraine Shake-Up: Zelensky Sacks Popular Defense Chief, & IDs CEO Of Naftogaz As Likely Next Prime Minister Update(1410ET): FT is reporting late in the day Wednesday that Ukraine’s 35-year old defense minister, Mykhailo Fedorov, who has grown in popularity for his ‘reformer’ reputation and for orchestrating the ramped-up drone war on Russia, has been sacked by Zelensky. The shock move comes days after Yulia Svyrydenko, […]

Trump Wants ICE To Resume Traffic Stops After Deadly Encounter In Maine President Donald Trump declared Wednesday that Immigration and Customs Enforcement (ICE) should keep relying on traffic stops as a major enforcement tool, defending the practice after a string of deadly encounters involving immigration officers, including a recent fatal shooting of a Colombian illegal immigrant in Maine.  In a Truth Social post on Wednesday, […]

Beige Book: Economic Activity Picked Up In 11 Of 12 Districts; Only San Fran Flat As “Employers Invested In AI” In a modest support of the Fed’s recent hawkish pivot, the latest Beige Book released today notes that economic activity across the US improved moderately, increasing at a slight to moderate pace in eleven of twelve Federal Reserve Districts in late May and June, while one District (San Francisco) reported no change. The […]

Fort Knox Standoff: Bessent Says All The Gold Is There, Says America ‘Used To Be Backed’ By It U.S. Treasury Secretary Scott Bessent has once again assured the public that America’s gold reserves remain fully intact, pushing back against years of speculation surrounding the legendary vaults at Fort Knox. In a Fox News interview with Jesse Watters that aired Monday night, Bessent reiterated his standing assurance that every ounce of […]

US Gasoline Prices Could Top $4 Per Gallon Within Days After several weeks of reprieve for drivers, the US national average price of gasoline could top $4 per gallon within a week, as crude oil prices rallied by about 12% in the three days since Friday amid the all-but-collapsed U.S.-Iran ceasefire. The renewed hostilities in the Middle East have fueled a new crude oil price rally this week, while tight fuel markets globally are […]

UN Maritime Boss Warns Ships To Avoid Hormuz As Transits Continue The International Maritime Organization warned Wednesday that the Strait of Hormuz remains too dangerous for commercial shipping, even as vessels continue to transit the narrow waterway. US Central Command said its latest round of strikes against Iranian coastal military targets concluded early Wednesday. Tehran retaliated with missile and drone attacks against […]

Iraqi Militia Vows To Disrupt Any Future Iraq-Syria Oil Pipeline: US ‘Stealing Our Oil’ Via The Cradle US and Iraqi officials are set to conclude a major energy deal as part of Prime Minister Ali al-Zaidi’s visit to Washington this week, according to Iraqi officials cited by AP Wednesday. “An agreement is slated to be signed Friday between Iraq, US companies Chevron and TI Capital, and Qatar’s UCC for construction of an oil […]

Pennsylvania Data Centers Face Increased Oversight Under New Law By Diana DiGangi of UtilityDive Pennsylvania’s Democratic Governor Josh Shapiro, signed a budget Sunday which will require data centers to report their exact water and power usage annually to the state. It also requires the PJM Interconnection to give Pennsylvania state regulators additional insight into its demand forecasting. “The current process by which […]

SpaceX Shares Fall Below $135 IPO Price, But The Real Story Is Its Bonds SpaceX has slipped below its much-hyped $135 IPO price, and down 40% from the all time high hit during the June 15th gamma squeeze when the stock surged above $220 if ovenright trading, an “inevitable outcome” according to Bloomberg, which lends some validation to the skepticism surrounding “a valuation that always relied more on imagination than observable […]

Legionnaires’ Cases Rise In Manhattan’s Upper East Side As Dozens Of Cooling Towers Test Positive Authored by Kimberley Hayek via The Epoch Times, New York Health officials have identified dozens of cooling towers in Manhattan’s Upper East Side that tested positive for traces of Legionella bacteria, as Legionnaires’ disease cases reached 63 as of Tuesday. So far, 12 people are currently hospitalized, and 40 have been discharged […]

Alibaba’s Qwen AI Will Be Integrated Into Apple Phones In China Amid Push For Local Models Apple is starting to take cost-cutting (and Chinese supply chains) very seriously. Just days after reports that the smartphone giant will use China’s DRAM pioneer CXMT (which just priced its IPO) for local memory as a cheaper alternative source to ridiculously overpriced DRAM sourced from the memory cartel triad of Samsung, SK Hynix and […]

Standard Nuclear Slashes IPO Size As Nuclear Comps Collapse Standard Nuclear reset its IPO terms sharply lower as recent nuclear peers have watched their stock price crater after debuting on the public market.  The TRISO fuel manufacturing company originally targeted 18.25 million shares at $18-$21, for up to $383 million in proceeds and an implied valuation as high as $3.55 billion. It has now filed to sell 10 million shares at […]

Trump Says FBI Wasting Time If It Probes Conspiracy Theories About Graham’s Death Authored by Aldgra Fredly via The Epoch Times, President Donald Trump said on July 14 that he was aware of the conspiracy theories surrounding Sen. Lindsey Graham’s (R-S.C) sudden death but said that any FBI investigation into them would be a waste of time. Trump was responding to a reporter’s question at the Oval Office about why FBI agents […]

Wisconsin Panel Finds Elon Musk Likely Broke The Law With $1 Million Voter Checks Authored by Kimberley Hayek via The Epoch Times, A bipartisan Wisconsin elections panel has determined there is probable cause that Elon Musk broke state law by offering two $1 million checks to voters during last year’s hotly contested Supreme Court race. The Wisconsin Elections Commission voted 5-1 last week to file two complaints against the […]

WTI Dips As US Crude Production Hits Record High, SPR Draw Slows, Cushing Remains At ‘Tank Bottoms’ Oil prices are marginally higher overnight after President Trump reinstated the blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway. US Central Command said it completed a morning round of strikes on Iran that further degraded its ability to attack […]

“Going To Rock A Lot Of Things”: Pentair Crashes After Guidance Cut And CFO Exit As Pool Boom Fades Pentair shares crashed in early U.S. cash trading after the swimming pool equipment and water treatment systems company slashed its 2026 outlook. Preliminary second-quarter results also missed estimates, while the sudden departure of its CFO raises questions about the company’s trajectory and whether the Covid-era pool boom has […]

We Have The Tools/Tolls To Do It By Michael Every of Rabobank Markets were delighted by US CPI data. Against a backdrop of oil up nearly double digits they instead got a number closer to a future trimmed mean measure without that nasty volatility, even if it was a fall in gasoline prices that resulted in the -0.4% m-o-m headline and 0.0% core prints. Warsh modelled the New Model Army he wants to see central bankers being: he […]

Why Central Banks Love A Gold Sell-Off Via SchiffSovereign.com, On July 7, Bloomberg published an article with the headline: “Gold’s Bull Market Has Ended and Now All Eyes Are on Bears,” explaining how many retail investors have headed for the exits. That same day, the People’s Bank of China, the country’s central bank, reported its largest monthly gold purchase since 2023. Of course, June marked its twentieth […]

Man Fleeing ICE Agents Struck, Killed By Semi-Truck In Florida Authored by Kimberley Hayek via The Epoch Times, A 28-year-old man died early on July 14 after he ran into the path of a tractor-trailer on State Road 16 in St. Augustine, Florida, moments after running from federal immigration agents at a nearby gas station. Florida Highway Patrol Master Sgt. Dylan Bryan said the sequence of events started in the parking lot of a […]

July Rate-Hike Off The Table After Producer Price Inflation Drops Most Since COVID Following yesterday’s much cooler than expected, Goldman’s Rich Privorotsky notes that today’s PPI print matters more for the core PCE read-through (Fed’s favorite inflation indicator), particularly healthcare and financial services. While May’s headline PPI print was hot, core was cooler than expected, and June’s data release today was expected to […]