Archive for the 'Economy' Category
“You’re Paying for the Israel War. You’ll Also Pay for the Refugees.”
November 19th, 2023Via: Mises Institute: The United States regime has picked sides in the Israel-Hamas war and has committed to funding Israel’s ongoing bombing of non-combatant men, women, and children in the Gaza strip. Northern Gaza’s infrastructure is now all but destroyed, with millions of Gazans displaced and homeless. Nearly ten times more Gazans than Israelis have […]
‘Controligarchs’: Bill Gates Buying Up Land, Threatening Small Farms Under Guise of Saving Planet, Author Claims
November 14th, 2023Via: Fox: A new book aimed at “exposing the billionaire class” says Microsoft co-founder Bill Gates’ investments in patented fertilizers, fake meat and U.S. farmland aren’t saving the planet but rather enriching his bank account. … “First, it was patented seeds and patented fertilizers, and now they are patenting meat alternatives. Banning cattle would grant […]
GM and Stellantis Invest in Niron Magnetics to Develop Rare-Earth-Free EV Components
November 9th, 2023Via: Electrek: GM Ventures and Stellantis Ventures have joined a growing list of investors that have recently raised $33 million in additional funding for Niron Magnetics – a company developing proprietary Clean Earth Magnets based on Iron Nitride that function without rare earths or other critical materials used in today’s EVs. Niron Magnetics is a […]
Canon Unveils More Affordable 5nm Lithography Machines to Challenge ASML, Order of Magnitude Cheaper
November 8th, 2023Via: Extreme Tech: Dutch-based ASML rules the roost for the machines fabs use to create today’s most advanced semiconductors. Its gigantic fabrication devices, which resemble computers from the early days that took up entire rooms, can cost over $100 million each—a price the company can demand given its position atop the industry. Now, Canon is […]
Insurance Industry Execs ‘Alarmed’ by Surge in Deaths Among Young People – But Stop Short of Blaming COVID Shots
November 7th, 2023Via: The Defender: According to InsuranceNewsNet, insurers are especially concerned by data from the Centers for Disease Control and Prevention that show “mortality rates alarmingly rising for different categories,” including younger adult mortality rates that are up more than 20% above historic norms in 2023.
U.S. Debt Interest Bill Rockets Past $1 Trillion a Year
November 7th, 2023Via: Bloomberg: Estimated annualized interest payments on the US government debt pile climbed past $1 trillion at the end of last month, Bloomberg analysis shows. That amount has doubled in the past 19 months, and is equivalent to 15.9% of the entire Federal budget for fiscal year 2022. The figures are calculated using US Treasury […]
Walking to Work in San Francisco
November 6th, 2023It’s not just San Francisco. California, in general, is a disaster. One of my sons was playing Minecraft and fighting a boy from California in some sort of online player vs player arena. They became friends. This boy, I’ll call him Bob, was also homeschooled and he’s around my son’s age. Bob’s parents removed him […]
Maersk Cutting at Least 10,000 Jobs as Shipping Boom Unravels
November 4th, 2023Via: Reuters: Shipping group A.P. Moller-Maersk (MAERSKb.CO), reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices, sending its shares tumbling. Maersk, which controls about one-sixth of global container trade, transporting goods for a host […]
U.S. Federal Reserve Threatening to Sue Bitcoin Magazine Over Apparel that Parodies its FedNow System
November 3rd, 2023#comedygold Via: Bitcoin Magazine: The U.S. Federal Reserve is taking legal action against Bitcoin Magazine in an attempt to silence criticism of its recently launched FedNow interbank clearing and settlement service. In a letter sent to the publication by the Federal Reserve Bank of Chicago, the central bank of the United States is claiming that […]
Sam Bankman-Fried Found Guilty On All Counts, Faces Over 100 Years In Prison
November 3rd, 2023Via: ZeroHedge: After 15 days of testimony and about four and a half hours of deliberations, jurors found FTX founder Sam Bankman-Fried has been found guilty on all seven counts related to fraud and money laundering, in a lower Manhattan courtroom. He is scheduled to be sentenced March 28, when he faces more than 100 […]
