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Thank Joe Biden for this.

Thank Joe Biden for this.

By JOHN ELLIS

Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, according to the latest Federal Reserve study of household finances. For the bottom 80% of households by income, bank deposits and other liquid assets were lower in June this year than they were in March 2020, after adjustment for inflation. All income groups have seen their balances decline in real terms from a peak in 2021, according to the Fed survey. But among the wealthiest one-fifth of households, cash savings are still about 8% above their level when Covid hit. By contrast, the poorest two-fifths of Americans have seen an 8% drop in that period. And the next 40% — a group that roughly corresponds with the US middle class — saw their cash savings drop below pre-pandemic levels in the last quarter. The figures point to dwindling firepower available for US consumers, whose resilience has kept the economy growing at a rapid clip this year and staved off the recession that many expected. Some analysts warn a downturn is still in the cards as households run low on spare cash. (Source: bloomberg.com)


2. Consumers in the market for loans to buy homes and cars are discovering that, because of the Federal Reserve’s rate increases, their money gets them a lot less than it would have a few years ago. Meanwhile, those with credit cards and other loans that carry rates pegged to broader benchmarks are finding they have gotten much more expensive. Fed officials signaled last week that they plan to keep interest rates high for quite a while. For families who don’t need to borrow, higher rates might not affect daily life too much. But for those who do, the Fed’s aggressive rate increases are really beginning to sting. “The bite is starting now,” said Liz Ann Sonders, chief investment strategist at Charles Schwab. (Source: wsj.com)

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Winning again. Lego is having trouble going Green.

Winning again. Lego is having trouble going Green.

The only realization more painful than finding a Lego piece with your bare foot is that producing those blocks sustainably is hard.

The Danish toymaker informed the world yesterday that it’ll have to abandon its plan to manufacture its trademark bricks out of recycled plastic bottles, since it would increase Lego’s energy usage.

  • When Lego first announced the bottles-to-bricks idea two years ago, it estimated that material from a one-liter-sized bottle could produce approximately 10 bricks.
  • But the shift toward recycled materials would require major carbon-intensive changes to the company’s current brickmaking process, which uses oil-based plastic. And the sample blocks just weren’t very good.

Building (green) blocks

Lego has been trying to engineer bricks from various eco-friendly materials (including corn and wheat) with limited success. The pieces must be easy to click together and pull apart and durable enough to withstand play from generations of boisterous builders.

Don’t tell the sweet-toothed toddlers in your life, but Lego has pulled off using sugar cane to create bioplastics for softer elements like trees and bushes.

Never back down, never what? Lego said it won’t give up experimenting with different ingredients and that it still aims to make its bricks sustainably by 2032.

 

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Winning. For now. Ford Pausing Construction of Michigan Battery Plant.

Winning. For now. Ford Pausing Construction of Michigan Battery Plant. This is a major blow to the Governor who gave Ford hundreds of millions in incentives and tax breaks. The Chinese who are partners control the technology.

Ford Motor Co. said Monday that it’s pausing construction of a $3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively.

The move comes as the company is in the midst of national contract talks with the United Auto Workers union, which wants to represent workers at battery factories and win them top wages.

In February, Ford announced plans to build the plant in Marshall, Michigan, employing about 2,500 workers to make lower-cost batteries for a variety of new and existing vehicles. Marshall is about 100 miles (160 kilometers) west of Detroit and is near two major interstate highways.

But Ford spokesman TR Reid confirmed Monday that plant construction has been paused and spending has been limited on it.

“There are a number of considerations,” he said in an email. “We haven’t made any final decision about the planned investment there.”

This from Senator Rubio.

“… if Chinese companies like CATL are able to exploit both Chinese and United States incentives for battery and EV technology through clever corporate arrangements, then there is no use in investing federal funds toward industrial development in the first place,” Rubio wrote to officials earlier this year. “Taxpayer dollars should never be used to support [People’s Republic of China] champions.”

As Breitbart News reported,  CATL CEO Zeng Yuqun is a member of the Chinese People’s Political Consultative Conference (CPPCC) National Committee — a high-ranking CCP advisory body that serves as a central component of the party’s “United Front” efforts.

 

 

China’s “United Front” efforts, as the federal government has noted, are considered to be a front for CCP intelligence operations overseas.

“The United Front strategy uses a range of methods to influence overseas Chinese communities, foreign governments, and other actors to take actions or adopt positions supportive of Beijing’s preferred policies,” a federal commission report from 2018 details.

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A Nation of Snitches: DHS Is Grooming Americans to Report on Each Other

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Biden handed major legal defeat in attempt to restrict oil, gas drilling in Gulf of Mexico.

Biden handed major legal defeat in attempt to restrict oil, gas drilling in Gulf of Mexico.

A federal court struck down the Biden administration’s last-minute restrictions on an upcoming offshore oil and gas lease sale in a ruling late Thursday evening.

Judge James Cain of the Western District of Louisiana granted a preliminBiden handed major legal defeat in attempt to restrict oil, gas drilling in Gulf of Mexico.ary injunction request from plaintiffs — the State of Louisiana, industry association American Petroleum Institute (API) and oil companies Chevron and Shell — to block the Bureau of Ocean Energy Management’s (BOEM) restrictions on Lease Sale 261. The lease sale spanning millions of acres across the Gulf of Mexico is slated for next week.

Cain ruled the federal government must proceed with the lease sale by Sept. 30 under its original conditions. As a result of a July settlement with environmental groups, BOEM removed about six million acres from the sale and imposed various restrictions on oil and gas vessels associated with the leases auctioned to protect the Rice’s whale species found in parts of the Gulf of Mexico.

“The court observes that plaintiffs have demonstrated substantial potential costs resulting from the challenged provisions,” Cain wrote in his decision. “While the government defendants largely focus on the acreage withdrawal and dynamics of the sale itself, many of plaintiffs’ alleged hardships arise from the vessel restrictions.”

 

The Biden administration's actions remove about six million acres of potentially oil-rich leases from an upcoming federal lease sale.

The Biden administration’s actions — rejected by a federal court late Thursday — removed about six million acres of potentially oil-rich leases from an upcoming federal lease sale. (Getty Images)

“Industry plaintiffs have shown a likelihood that these will burden their operations on current and planned leases,” the ruling continued. “The resulting costs would not be undone by the court’s entry of a permanent injunction and order of another sale.”

Cain also said the Biden administration’s actions appeared to be an attempt to “provide scientific justification to a political reassessment of offshore drilling.” And he said the administration’s process looked “more like a weaponization of the Endangered Species Act than the collaborative, reasoned approach prescribed by the applicable laws and regulations.”

In a statement following the ruling Thursday, API Senior Vice President and General Counsel Ryan Meyers said it was a positive step in ensuring energy security.

 

“We are pleased that the court has hit the brakes on the Biden Administration’s ill-conceived effort to restrict American development of reliable, lower-carbon energy in the Gulf of Mexico,” Meyers said in a statement.

“Today’s decision will allow Lease Sale 261 to move forward as directed by Congress in the Inflation Reduction Act, removing the unjustified restrictions on vessel traffic imposed by the Department of the Interior and restoring the more than 6 million acres to the sale,” he added. “This decision is an important step toward greater certainty for American energy workers, a more robust Gulf Coast economy and a stronger future for U.S. energy security.”

Native Boarding Schools-Oral History

Interior Secretary Deb Haaland speaks in Las Vegas on April 14, 2023. The Department of the Interior’s Bureau of Ocean Energy Management put the lease sale restrictions forward after a settlement with eco groups. (AP Photo/John Locher, File)

In late August, API and its fellow plaintiffs filed the lawsuit against the Biden administration calling for the court to require the Biden administration to “fulfill its obligations to the American people.” According to industry, sales like Lease Sale 261, which is the final federal offshore lease sale scheduled, are vital to ensure long-term oil and gas production.

Overall, BOEM said — following its eco settlement in July — it would offer 12,395 blocks across approximately 67 million acres in multiple regions of the Gulf of Mexico, less than the 13,620 blocks across 73.4 million acres it originally planned to offer. The acreage stripped from the sale included potentially oil-rich tracts located in the middle of the lease area.

Offshore lease sales often span large swaths of federal waters, but earn bids on a fraction of blocks projected by companies to contain more resources and to have a higher return on investment. For example, BOEM auctioned off 73.3 million acres during Lease Sale 259 in March, but received bids worth $263.8 million for 313 tracts spanning 1.6 million acres.

 

“The injunction is a necessary and welcome response from the court to an unnecessary decision by the Biden administration,” said Erik Milito, the president of the National Ocean Industries Association (NOIA). “The removal of millions of highly prospective acres and the imposition of excessive restrictions stemmed from a voluntary agreement with activist groups that circumvented the law, ignored science, and bypassed public input.”

In addition to removing acreage from the sale, BOEM also imposed restrictions on oil and gas vessel traffic associated with the leases set to be auctioned during Lease Sale 261. Among the requirements, BOEM said specially-trained visual observers must be aboard all vessels traversing the area, all ships regardless of size must travel no quicker than 10 knots and vessels should only travel through the area in the daytime.

Oil and Gas Leases Lawsuit

An oil platform is pictured in the Gulf of Mexico about 200 miles south of Galveston, Texas. Judge James Cain blasted the Biden administration for its restrictions on offshore drilling Thursday. (AP Photo/Jon Fahey, File)

BOEM’s restrictions came in response to the administration’s settlement last month with a coalition of four environmental groups led by the left-wing Sierra Club.

In a federal stipulated stay agreement filed on July 21, the National Marine Fisheries Service (NMFS) agreed to a number of conditions requested by the groups which, in response, agreed to temporarily pause litigation in the related case. The case dates back nearly three years when, in October 2020, the environmental coalition sued the NMFS for failing to properly assess the oil industry impacts on endangered and threatened marine wildlife in the Gulf of Mexico.

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The groups pursued the lawsuit after the NMFS coordinated a multiagency consultation studying the effects all federally regulated oil and gas activities would have on species like the Rice’s whale listed under the Endangered Species Act in the Gulf of Mexico over the next 50 years. The groups argued in the original complaint that the NMFS’ biological opinion resulting from its consultation was not based on the best science.

API and NOIA also argued BOEM’s action had contravened the congressional intent of the Inflation Reduction Act, which reinstated multiple lease sales, including Lease Sale 261, after the Biden administration axed them in May 2022. In the sale’s record of decision, it is mandated to be region-wide while its environmental analysis didn’t acknowledge risks it may pose to the Rice’s whale.

 

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The Truth Shall Set You Free- “Liberty, when it begins to take root, is a plant of rapid growth.”

The Truth Shall Set You Free- “Liberty, when it begins to take root, is a plant of rapid growth.”














Words That Hide the Truth – George Carlin (on Rumble)




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NYT Pushes the White Oppressor Myth.

NYT Pushes the White Oppressor Myth.

The propaganda is endless!

Here’s an odd sentence in today’s New York Times:

“Mr. Erwin was born in 1942 in Tyler, Texas, where the Black community lived on the north side of town, the whites lived on the south side and Black people did not cross Front Street after sundown.”

“And Black people did not cross Front Street after sundown”??? But whites felt free to stroll around the black part of town any time of day?

It’s the incessant myth of WHITE PEOPLE PREYING ON BLACKS!

In case you’re wondering, even in the 1940s, the black murder rate was many, many times higher than the white murder rate:

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So where are the free COVID tests coming from?

So where are the free COVID tests coming from? Many think that they’re made in the USA and coming from American companies. Well not really. China and other countries with American locations.

Not all American Corporations..

What they didn’t mention is that many of these companies are foreign organizations that simply have small offices or manufacturing centers in the United States, and that much of the supplies are being imported from the foreign principals.

Access Bio is based in South Korea.

Advin is based in India.

iHealth is a California-based subsidiary of Andon Health of China.

Kwell Laboratories is based in South Korea

Sekisui is based in Japan.

In total, more than $312 million, through a contract branded to “reduce our reliance on overseas manufacturing” is being distributed to foreign companies. And $167 million has been awarded to the China-based iHealth, which has received *billions* of dollars from the U.S. government for their Covid tests.

Article originally was at The Dossier

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Bombshell. Mayo Clinic on Hydroxychloroquine.

Bombshell. Mayo Clinic on Hydroxychloroquine. Last year a demoted secretary tried to pass themself off as a Scientific Medical expert and claimed that two of the most prestigious hospitals in the world were kook hospitals. One being the Mayo Clinic. Guess what the Mayo Clinic posted on their website.

 

Hydroxychloroquine is used to treat malaria. It is also used to prevent malaria infection in areas or regions where it is known that other medicines (eg, chloroquine) may not work. Hydroxychloroquine may also be used to treat coronavirus (COVID-19) in certain hospitalized patients.

Using this medicine alone or with other medicines (eg, azithromycin) may increase your risk of heart rhythm problems (eg, QT prolongation, ventricular fibrillation, ventricular tachycardia). Hydroxychloroquine should only be used for COVID-19 in a hospital or during clinical trials. Do not take any medicine that contains hydroxychloroquine unless prescribed by your doctor.

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Time to focus on where Republicans are winning with the American Voters.

Time to focus on where Republicans are winning with the American Voters. I’ve made a decision that it’s time to ease up on the criminal activities of Joe and Hunter Biden. Don’t get me wrong. There’s crimes that have been committed, but we must look at the big picture.

Republicans are winning on the Border, The Economy, Education, COVID, and Green Energy. The Biden administration is screwing up in all of those areas. They want us to just focus on Hunter so their other misdeeds will go unnoticed.

So unless it’s earth shattering and a main News issue of the day, this writer will ease up on the Hunter and Joe Biden money laundering.