Ayatollah Sets Presidential Election Date As High-Stakes Power Struggle Begins
Ayatollah Sets Presidential Election Date As High-Stakes Power Struggle Begins Two days following the death of Iranian president Ebrahim Raisi and several of his top officials in a helicopter crash in the country’s northeast, Tehran has announced the date of presidential elections: June 28. State-run IRNA announced an official election campaign window of June 12-27, […]
Ukrainian Special Recon Commander Confirmed That Kharkov’s Border Was Undefended
Ukrainian Special Recon Commander Confirmed That Kharkov’s Border Was Undefended Authored by Andrew Korybko via Substack, BBC published a report over the weekend about how “The Russians simply walked in, Ukrainian troops in Kharkiv tell BBC”, citing special reconnaissance commander Denis Yaroslavsky. According to him, “There was no first line of defence. We saw it. […]
HPV Vaccination May Trigger Rare And Often Misdiagnosed Autoimmune Brain Disease
HPV Vaccination May Trigger Rare And Often Misdiagnosed Autoimmune Brain Disease Authored by Megan Redshaw, J.D. via The Epoch Times (emphasis ours), (Kateryna Kon/Shutterstock) New research suggests the human papillomavirus vaccine (HPV) can trigger a rare autoimmune brain disorder that causes psychiatric or neurological symptoms following vaccination—and is easily mistaken as psychosis in its early […]
Russia Confiscates €800 Million From Deutsche Bank, Unicredit And Commerzbank
Russia Confiscates €800 Million From Deutsche Bank, Unicredit And Commerzbank After two years of being on the receiving end of a weaponized global reserve currency, getting booted from SWIFT, countless (toothless) sanctions and watching some $350 billion of its assets be frozen and soon confiscated, Moscow has had enough, and over the weekend the FT reported […]
Behind Rosy Economic Data, Americans Struggle To Make Ends Meet
Behind Rosy Economic Data, Americans Struggle To Make Ends Meet Authored by Emel Akan via The Epoch Times (emphasis ours), Monica Lomax, a 59-year-old resident of Elkridge, Maryland, has been feeling the pinch of rising costs. She’s had to tighten her budget, especially for groceries and clothing. Now, her shopping trips are primarily for essentials, […]
Biden Administration Blames GOP for Blocking Inflation-Fighting Measures
The Biden administration released a memo outlining its efforts to combat inflation and blaming Republicans for hindering these actions. The memo emphasizes President Biden’s focus on reducing costs and fighting corporate price gouging, despite inflation still being a concern. It highlights that while the economy and labor market are strong, Biden struggles to receive credit […]
High Food Prices Push Americans into Debt for Essentials like Groceries
Amid ongoing high food prices, many Americans are accumulating debt to afford groceries. Elevated costs have led families to use savings, credit cards, buy now, pay later programs, or payday loans, as highlighted by new Urban Institute research. Although these methods provide immediate relief, they can cause financial instability. Kassandra Martinchek from the Urban Institute […]
Gold's Disconnect from Dollar and Yields Raises Questions for Wealth Managers
The recent rally in gold prices has puzzled wealth managers due to its disconnect from the typically correlated US dollar and inflation-adjusted US Treasury yields. A significant factor behind this anomaly is the unprecedented rate at which central banks have been increasing their gold reserves since early 2022 to mitigate the risk of western sanctions. […]
Oil Prices Slide as Fed Signals Longer High Rate Environment
Oil prices dropped by more than $1 on Tuesday as concerns over prolonged high U.S. interest rates, driven by persistent inflation, led to fears of weakened consumer and industrial demand. Brent crude fell to $82.17 a barrel, and U.S. West Texas Intermediate (WTI) slipped to $78.31 for June. The more active July contract also decreased. […]
Fed Governor Waller Seeks Extended Inflation Improvement Before Cutting Rates
Federal Reserve Governor Christopher Waller stated that while recent data indicates inflation is easing and further interest rate hikes may not be needed, he requires several months of positive inflation data before supporting any rate cuts. Speaking at the Peterson Institute for International Economics, Waller noted the impact of higher rates on reducing demand and […]