Wednesday, October 30, 2024
New record for gold: $2,789.73
Gold prices rose to a record high on Wednesday as uncertainty over the U.S. presidential election boosted safe-haven demand, with traders also awaiting economic data for cues on the Federal Reserve’s policy path.
Spot gold rose 0.5% to $2,788.89 per ounce after reaching an all-time high of $2,789.73 earlier in the session. U.S. gold futures gained 0.7% to $2,799.90.
Honestly, I don't know how Staten Island does it
The landfill site operated from 1948-2001.
Pennsylvania, Virginia, Ohio, and South Carolina now get New York's garbage.
The rest of the country gets California's.
Tuesday, October 29, 2024
Kamala Harris is keeping quiet about climate change because the so-called Inflation Reduction Act's climate provisions are going to screw America good and hard for decades, to the tune of $3 trillion
The climate policies she would offer promise huge costs for negligible benefits. It’d be one thing to ask for sacrifices that could save the planet. But even at a whopping official price tag of $369 billion over 10 years, the Inflation Reduction Act’s climate measures as written were likely to lower the projected global temperature in 2100 by less than 0.03 degree Fahrenheit. In reality, the IRA has turned out to be an even rawer deal. The cost has rapidly ballooned to somewhere north of $3 trillion over 30 to 40 years, even as emission cuts have been slower and smaller than predicted. No wonder Ms. Harris isn’t trumpeting it.
-- Bjorn Lomborg, here
Kamala Harris was the tie-breaking vote in the US Senate twice to advance the bill into law.
COVID-19 hits record lows for October in national wastewater analysis from the CDC, vaccine uptake for 2024-2025 season languishes at 4.8% for children and 13.5% for adults 18 and older
Oct 15, 2022: 3.38
Oct 14, 2023: 3.81
Oct 19, 2024: 1.94 (low, approaching minimal)
Monday, October 28, 2024
Ford Motor loses $1.22 billion on electric vehicles in 3Q
Ford’s “Model e” electric vehicle unit recorded losses of $1.22 billion during the third quarter — less than it lost a year earlier, largely due to lower volumes and cost cuts.
Ford CEO Jim Farley told investors Monday that the company continues to believe in its EV strategy; however, the automaker has pulled back on many investments in the vehicles to focus on hybrid models.
More.
Tim Walz has Chicom bimbo eruption from 1989: Former lover spills the beans about how he used her for sex
Jenna Wang, 59, claims the VP hopeful showered her with gifts and seduced her at his poky staff accommodation at No. 1 High School in Foshan, Guangdong Province. ...
'Tim was very passionate and very romantic. I can still remember dancing with him to our favorite song, Careless Whisper,' she told DailyMail.com in an exclusive interview. 'The fact we couldn't touch or kiss in public just made it all the more exciting and intense when we were finally alone. We were deeply in love and I wanted to marry him and start a family. When it didn't happen, I felt very unhappy and sad. Tim's behavior was very selfish. ... This is a very crucial moment in history and a man like this does not appear to have the character and integrity to do one of the most important jobs in the world.'
Sunday, October 27, 2024
Kamala Harris' dad was way ahead of 2006 Paul Krugman warning in 1988 that immigration hurt native born black Americans
“Trends in international trade have moved against U.S. workers,” [Harris] wrote. “U.S. immigration laws have been modified in ways that increase the influx of low-skilled workers, who compete with native-born youths and low-skilled adult workers for low-skilled jobs.
“This shift has been a particularly serious problem for blacks, who constitute a high proportion of the low-skilled adult workers,” according to the book.
More.
The New York Post's Jon Levine laughably tars this as merely a point of view "typical of far-left economic thinking on immigration".
But Marx viewed free-trade as an accelerant of social revolution precisely because it destroyed national identities.
The real revolutionaries who would destroy America are the enthusiasts for mass immigration, which dilutes and replaces the native born patriot population. Paul Krugman joined them in February, infamously flip-flopping to "immigrants make America stronger".
The free-trade libertarians of the Republican Party at The New York Post and The Wall Street Journal and the open borders Democrats are the same party.
Saturday, October 26, 2024
Cheap gasoline prices were key to the Trump-era "boom" for the bottom half of income earners destroyed by the Great Recession
Reported here in "Inflation-shocked low- and middle-income Americans may not spend normally for years":
“For a very large share of Americans, the bottom 60% are spending more on essentials than before the pandemic,” said Michael Pearce, Oxford Economics deputy chief U.S. economist. “The burden is hardest among the lowest income but also touches middle income. Spending patterns of low-income Americans will take years to recover.” ...
The last time low-income Americans’ discretionary spending fell this much, which was during the Global Financial Crisis of 2007-2008, it took five to 10 years for spending patterns to return to previous levels, he said.
“And the reason was gas prices fell,” Pearce said. Global oil prices fell by about 70% between 2014-16, which pushed pump prices sharply lower and helped low-income Americans catch up.
“It’s harder to see some revolutionary cost saving (like that) on the horizon,” he said.
Harder to see only if we continue with the green energy nonsense.
The opportunities are YUGE for Trump/Vance because ALL energy costs much more now.
It's not just gasoline. Get the government boot off the neck of fossil fuel producers and gasoline will come down, natural gas will come down, and electricity will come down.
Base energy from coal should be transitioned to nuclear, which works in cold weather and hot weather without fail just like coal, unlike natural gas, wind, and solar, which are fine where appropriate but not as base energy, the energy you must have when you need it when the sun doesn't shine, the wind doesn't blow, and the gas won't flow.
J. D. Vance knows: