Saturday, April 30, 2022
Friday, April 29, 2022
Fear..
Title 42..
President Biden's administration will comply with an upcoming order from a federal judge in Louisiana that is expected to block the removal of COVID-19 border restrictions.
The Biden administration had previously planned to end Title 42 on May 23, a move that would have resulted in a surge in illegal immigration.
Louisiana district court judge has announced plans to block such a move until Biden negotiates a deal with Republican border states.
"If and when the court issues the TRO [temporary restraining order] the department is planning to comply with that order," the official said, going on to complain about the decision.
Who is advising this administration? Who is making these decisions?
Catastrophic...
Inflation in the euro zone has hit a record high for the sixth consecutive month, sparking further questions over how the European Central Bank will react.
Headline inflation in the 19-member region reached 7.5% in April, according to preliminary estimates by Europe's statistics office released Friday. In March, the figure came in at 7.4%
Earlier this week, Russia's energy firm Gazprom halted gas flows to two EU nations for not paying for the commodity in rubles. The move sparked fears that other countries may also be cut off.
Analysts at Gavekal, a financial research firm, said that if Gazprom were to also cut supplies to Germany, "the economic effects would be catastrophic."
"We should be rather clear: in the short run, it will be very difficult for Europe, if not impossible, to substitute the Russian gas flows. So, this can be a medium-to-long term debate … but in the short run, I think we need to stay focused and make sure that we keep also European industry, European households supplied with gas," Stern said.
And with that, the west lead by USA is pushing to expand the Ukranian war. Just a thought.
Sound Decisions....
Stocks tumbled into the closing bell today, with all three major equity indexes shedding more than 2.7% to end an ugly week and month on Wall Street. The Dow Jones Industrial Average DJIA fell about 938 points, or 2.8%, ending the session near 32,977. Continued carnage in technology-related stocks left the S&P 500 index SPX down 3.6% on Friday, while the Nasdaq Composite Index COMP lost 4.2%.
It also marked the worst month for the Dow and S&P 500 since March 2020, but the 13.3% monthly skid for the Nasdaq was its biggest drop since October 2008, according to Dow Jones Market Data. Investor were digesting disappointing quarterly results from Amazon.com Inc. AMZN , which reported its first loss in seven years.
The Federal Reserve next week is expected to pull the trigger on its first half-percentage point interest rate increase since 2000, as it looks to potentially tighten financial conditions dramatically to fight inflation that's been running at 40-year highs.
The central bank also could begin reducing its near $9 trillion balance sheet, reversing its large-scale asset purchases used to help stabilize markets during the COVID crisis.
Thank you Mr. President. Your executive decisions of "Day One" in the office as promised is taking the world to bankruptcy intensified by our reaction to the war in the Ukraine.
Thursday, April 28, 2022
Goose Step..
And when it's not bombs at home, it's bombs away. Or perhaps in Joe Biden's case, both.
The current president is perhaps the leading exemplar of American banditry, coupling treachery with an infallible instinct for doing the wrong thing.
His own former boss, President Barack Obama, is said to have remarked upon his Vice President's "ability to f*** things up." And that ability has not diminished with time.
So, of course, to war. Whether in lock-step or goose-step, the rest of the ruling class amplifies Biden's thirst for something, anything that provides respite from domestic catastrophe.
We are just days away from front-page headlines dubbing the tent cities across America "Bidenvilles." Something must be done. And that thing, to paraphrase Vice President Kamala Harris, is the thing they have been doing, every day: point at Russia.
"Putin is the devil and Russia subverted American democracy" has become a moralistic mantra for every Biden booster and Foggy Bottom staffer.
But flaccid, obfuscatory jaw-jawing over the moral turpitude of Russia's dealings with Ukraine has also whet the appetites of the long-benched war lobby.
Goose step for some, the Rockets for others.
Boot..
Gov. Kathy Hochul is urging state lawmakers to help boot her embattled former Lt. Gov. Brian Benjamin off the Democratic ballot in the upcoming June 28 Democratic primary.
Benjamin — indicted in a pay-to-play bribery scandal — resigned from office in disgrace but his name will still appear on the primary ballot due to election laws. The governor, however, believes that Albany can pass a law to fix the ticket.
Governor Houcle choose Benjamin to be her running mate as lieutenant governor.
What's up with the Democrats? What kind of choices they are making?