Biden administration to forgive $7.7 billion in student debt for more than 160,000 borrowers
The Biden administration has so far excused the debt of 4.75 million borrowers, totaling $167 billion in aid.
He's a shoo-in!
Wednesday, May 22, 2024
Tuesday, May 21, 2024
Michael Cohen admits under oath to stealing from Trump, feds never prosecuted Cohen for it and Cohen kept the dough
These people are shit.
Here:
In 2017, the Trump Organization owed technology company Red Finch $50,000 for a using algorithms to boost Trump’s performance in a poll, according to Cohen. Cohen, who helped facilitate the transaction, asked for a $100,000 reimbursement, "grossed up" to account for taxes, from the Trump Organization.
However, on the stand Monday, Cohen admitted that he stole from Trump, only paying $20,000 to Red Finch and pocketing the remaining $60,000 for himself.
"So the $50,000 that you got back from Red Finch ... you only paid the Red Finch owner $20,000, right?" Blanche asked Cohen.
"Yes sir," Cohen replied.
The lawyer clarified that Cohen pocketed the $60,000 difference and confirmed this was stealing.
"You did steal from the Trump Organization based upon the expected reimbursement from Red Finch?" Blanche asked.
"Yes sir," Cohen replied, according to CNN.
CNN Legal Analyst Elie Honig called these new revelations a “bomb dropped in the middle of the prosecution's case.” CNN’s analyst Laura Coates agreed and was surprised that the prosecutors did not address this sooner in the trial to “take the sting out” of the revelation.
LOL: Keep the overseer of sexual harassment at FDIC until they can find a replacement who isn't a Republican, because a Republican would be worse
These people are so damn perverse it makes your head spin.
FDIC Chairman Martin Gruenberg to Resign Following Report Detailing Sexual Harassment at Agency
Gruenberg plans to stay until successor is confirmed, avoiding scenario that would leave a Republican as acting chairman
Monday, May 20, 2024
Alito sold Bud Light stock and bought Coors
Stupidest story yet:
https://www.cnbc.com/2024/05/20/supreme-court-alito-sold-bud-light-stock-bought-coors-boycott.html
Democrats are defending this Biden whopper by saying he's referring to the 2009-2010 H1N1 "swine flu" epidemic, which officially killed 3,433 people
I don't remember it being called a "pandemic" much at the time, but I do remember the hype to take the vaccine, which the authorities bungled so bad it wasn't widely available until the flu had already burned itself out.
Anyway, here's grandpa talking about a really bad pandemic when he was VP, which was way back when I was in 'Nam:
Here.
Update:
I'm so glad we could clear this up.
When he nukes Muncie instead of Moscow I'm sure Indiana will understand.
Sunday, May 19, 2024
The obscenity of US national debt at $34.5 trillion notwithstanding, the value of grand total foreign ownership of it is up almost $529 billion year over year in March 2024 to a record high of . . .
. . . $8.091 trillion.
An almost 7% increase.
Here.
Bridgewater Associates founder Ray Dalio told the Financial Times a few days ago that he is concerned the soaring U.S. debt levels will make Treasurys less attractive “particularly from international buyers worried about the US debt picture and possible sanctions.”
So far, that hasn’t been the case: Foreign holdings of U.S. federal debt stood at $8.1 trillion in March, up 7% from a year ago, according to Treasury Department data released Wednesday. Risk-free Treasurys are still seen as an attractive place to park cash, but that could change if the U.S. doesn’t rein in its finances.
On an average monthly basis, yields on all UST peaked for this cycle last October, save for 1Y which peaked last September.
What, me worry?
Saturday, May 18, 2024
If you like the obscene 27% increase in electricity prices under Joe Biden, vote Democrat in November
Have fun paying the A/C bill this summer.
Biden restarts Obama's war on new coal leasing ended by Trump . . . just in time for the election
In one of its biggest steps yet to keep fossil fuels in the ground, the Biden administration announced Thursday that it will end new coal leasing in the Powder River Basin, which produces nearly half the coal in the United States.
Climate activists have long pushed
the Interior Department to stop auctioning off leases for coal mining
on public lands, and they celebrated the decision. It could prevent
billions of tons of coal from being extracted from more than 13 million
acres across Montana and Wyoming, with major implications for U.S.
climate goals. ...
Last year, the Powder River Basin generated 251.9 million tons of coal, accounting for nearly 44 percent of all coal produced in the United States. Under the bureau’s [Bureau of Land Management] determination, the 14 active coal mines in the Powder River Basin can continue operating on lands they have leased, but they cannot expand onto other public lands in the region. ...
The Sierra Club’s Beyond Coal campaign estimates that 382 coal-fired power plants have closed down or proposed to retire, with 148 remaining. ...
Trump ... pledged to immediately end the Biden administration’s freeze on permits for new liquefied natural gas exports
in a second term . . .. He also pledged to
start auctioning off more leases for oil drilling in the Gulf of Mexico
and to lift restrictions on drilling in the Alaskan Arctic.
Friday, May 17, 2024
Big day for Elon Musk as twitter.com disappears and redirects to x.com for the first time
And of course he ruined it with everything now in black background.
Thursday, May 16, 2024
Biden's chairman of his Council of Economic Advisers, Jared Bernstein, doubles down on inflation being 9% when Biden took office, a statement now fact-checked to death since Biden incorrectly stated it
Jared Bernstein is emblematic of the malarkey in the Biden administration.
He's called an economist, but has no economic credentials. Bernstein took his college degrees in music and social work.
Neil Cavuto savages Bernstein here.
Separately, this short Q&A with Bernstein about printing money and lending it is just epic.
It was all inflation, running at 3.4%: Advance retail sales in April up 3% year over year, but flat from March to April
You're just shelling out more for the same stuff, not buying new stuff.
“Today’s retail sales report reflects a pullback in consumer spending that retailers have called out in recent earnings reports,” said Claire Tassin, retail and e-commerce analyst at Morning Consult.
Compared with last April, sales were up 3%, but the Census Bureau doesn’t adjust the data for inflation, which came in at 3.4% on an annual basis in April, according to the latest consumer price index report. That suggests that the sales gains from a year ago are “entirely attributable to inflation, not increased consumer demand,” Tassin said.
Barron's, reproduced here.
Two days after the May 14th primaries Democrats are way behind Republicans counting all the votes because they're counting mail-in votes
Even Maryland Republicans are ahead of Democrats.
It's a recipe for fraud in November.
Wednesday, May 15, 2024
McDonalds stages value theater, in partnership with Coca-Cola lol
McDonald’s $5 value meal is coming in June — and staying for just a month:
Coca-Cola added marketing funds to the equation to make the deal more appealing, CNBC reported Friday. In a statement, Coca-Cola said: “We routinely partner with our customers on marketing programs to meet consumer needs. This helps us grow our businesses together.”
The continuing price gouging by US natural gas utilities is astounding
Look at all that daylight between what utilities charge and the gas actually costs.
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