Article Title: Why Biden should step aside
Snippet of Article: "...For the good of the country, the president should graciously bow out of the race and free his delegates to cast their votes for someone else at the Democratic National Convention. ..."
Article Title: Fed official willing to raise interest rate if progress on inflation stalls
Snippet of Article: "...The Fed on June 12 skipped a rate hike for the fourth time this year, after skipping interest rate increases four times during 2023. The central bank last made a rate hike of 25 basis points on July 26 last year.
Over the course of 11 meetings from March 2022 to July 2023, the central bank raised rates by a total of 525 basis points to fight record inflation, which in the summer of 2022 rose to its highest point in more than 40 years. ..."
Article Title: JPMorgan Chase, Bank of America and Citibank Flagged for Holding Trillions of Dollars in Derivatives Without Proper Contingency Plans: Report
Snippet of Article: "...US regulators are flagging JPMorgan Chase, Bank of America, Citibank and Goldman Sachs over the banks’ contingency plans for trillions of dollars in derivatives. ...Big banks are required to file living wills due to the Dodd-Frank Act, which passed in the aftermath of 2008.
US regulators are giving the big banks until September to address their shortcomings."
NOTE: We strongly suggest you are under the FDIC deposit insurance coverage amount of $250,000, just in case the Biden Admin pulls ANOTHER sneaky bank bailout and/or a shifting of negative products to one sacrificial bank. We are not offering investment advice!
Article Title: Tool to stop illegal immigrant employment comes to Senate as border crisis rages
Snippet of Article: "...A border patrol agent speaking anonymously with CNN said that he has to allow illegal border crossings or risk losing his job. ..."
Article Title: Traders Are Bracing for Volatility on Fed-CPI Double Blow
Snippet of Article: "Inflation has been the main focus for investors "
Article Title: US futures slide as doubts about the economy grow
Snippet of Article: "US stocks sank into the red early Tuesday ...Recent weak data has prompted Wall Street strategists to scale back their optimism for economic growth...Federal Reserve officials have warned against hoping for a pivot anytime soon as they wait for inflation to cool sufficiently ..."
Article Title: Biden’s Border Crisis Promotes Foreign Espionage in Plain Sight
Snippet of Article: "...These are likely amateurs carrying out one-off espionage gigs for China. China’s 2017 National Intelligence Law demands that, “all organizations and citizens shall support, assist, and cooperate with national intelligence efforts.”
Earlier this year, The Heritage Foundation Oversight Project filed Freedom of Information Act (FOIA) requests with the Defense Department to see how many bases had been targets of such surveillance. To date, they have only received information from Pearl Harbor, but responses from that base alone showed multiple intrusions by Chinese nationals in the past few years...."
Article Title: Migrants Scale Federal Walls at Opposite Ends of Texas Border
Snippet of Article: "...Videos provided by the Texas Department of Public Safety show migrants breaching federal border walls at opposite ends of the state’s border with Mexico. In El Paso, migrants became aggressive when confronted by Border Patrol agents. In McAllen, smugglers ferried a ladder across the Rio Grand to scale a border wall.
A West Texas DPS helicopter crew assigned to Governor Greg Abbott’s Operation Lone Star provided air cover for El Paso Sector Border Patrol agents as a group of migrants used a rope ladder to scale a border wall near the Santa Teresa Port of Entry. ..."
Article Title: Musk says illegal immigration crisis is contributing to lack of affordable housing in US
Snippet of Article: "...Billionaire Elon Musk weighed in on the economic impacts of illegal immigration in a series of posts on social media as he criticized the Biden administration's handling of the border crisis. Musk took to X to call out a variety of services and benefits that illegal immigrants have access to in the U.S. and argue they're contributing to the housing affordability crisis. A few other things you probably don't know: illegals in America can get bank loans, mortgages, insurance, driver's licenses, free healthcare (California, New York) and in-state college tuition, Musk wrote. What's the point of being a citizen if an illegal gets all the benefits, but doesn't pay taxes or do jury duty? If you're wondering why housing is so expensive, this is a major contributor..."
Article Title: Consumer Sentiment Drops to 6-Month Low on Inflation, Unemployment Fears
Snippet of Article: "...U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise.
The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, dropped to 67.4 this month..."
Article Title: How the Fed weighs 'political risk' behind closed doors
Snippet of Article: "Jay Powell said this past week that pending elections don't get discussed at Federal Reserve meetings, challenging reporters to read the transcripts for themselves.
"I can't say it enough: We just don't go down that road," the Fed chair told reporters Wednesday... But political topics still came up repeatedly as Fed officials wrestled with decisions that affected the US economy.
The transcripts show central bank policymakers weighing both the possible economic impacts of political events — including elections and the coming of a new president — as well as the potential political reaction to their decisions. ...Throughout the seven meetings that Powell went on to chair in 2018, as one example, the term "political" was uttered 40 times, according to a search of the transcripts.
It came up as committee members discussed everything from then-President Trump's trade policy to..."
Article Title: DHS docs reveal where paroled migrants under controversial Biden flight program are landing
Snippet of Article: "...hundreds of thousands of migrants have flown into via a controversial parole program for four nationalities — with the vast majority entering the U.S. via airports in Florida.
During an eight-month period from January through August 2023, roughly 200,000 migrants flew into the U.S. via the program. Of those, 80% of them, (161,562) arrived in the state of Florida in four cities: Miami, Ft. Lauderdale, Orlando and Tampa Bay, according to DHS data obtained via a subpoena by the House Homeland Security Committee..."
Article Title: US labor market slowed notably in April | Hiring and wage growth slowed, and the unemployment rate unexpectedly jumped
Snippet of Article: "both hiring and wage growth slowed more than economists had expected in April. ...unemployment rate rose to 3.9% last month, new data from the Bureau of Labor Statistics ...Wages also rose less than forecast...Friday's report also showed February's job growth revised down — to a gain of 236,000 nonfarm payroll jobs from the 270,000 previously reported"
Article Title: Iranian Prof. Says US College Protesters Are 'Our People,' Would 'Take to the Streets to Support Iran'
Snippet of Article: "...Tehran University Professor Foad Izadi said that Iranian leaders are enjoying watching the chaotic pro-Hamas protests engulfing so many of our college and university campuses. He added, chillingly, that the demonstrators could be counted on to be on Iran’s side should conflict between the two countries erupt. ..."
Article Title: Stefanik demands Biden administration yank Columbia’s federal funding
Snippet of Article: "...Elise Stefanik is demanding the Biden administration revoke Columbia University’s federal funding for what she says is the school’s failure to protect Jewish students amid ongoing pro-Palestinian protests that have engulfed the campus over the past week.
In addition to asking Education Secretary Miguel Cardona to penalize the institution, the no. 4 House Republican also wants other federal agency leaders to become involved. Stefanik (N.Y.) wants Homeland Security Secretary Alejandro Mayorkas and Attorney General Merrick Garland to use their agencies to crack down on anyone “calling for terrorism and violent attacks” by revoking visas and deporting international students who have been suspended for their involvement in the protests. ..."
Article Title: Border security bill to reinstate Trump-era wall and Remain in Mexico spectacularly FAILS after Democrats tank vote and GOP rebels discount it
Snippet of Article: "...The bill, which failed 215 to 199, contained many components of the conservative H.R. 2 border bill, which has not been touched by the Democrat-led Senate since it passed in May 2023.
The failed measure proposed immediate construction of a border wall, asylum restrictions and the reinstatement of Donald Trump's Remain in Mexico policy, which Democrats despise. ...Dismissing their request, Mike Johnson did not include border security in the foreign aid bills Saturday..."
Article Title: Google Employees Who Staged Pro-Hamas Sit-In at Company HQ Given the Axe
Snippet of Article: "Twenty-eight Google employees staged a pro-Hamas, anti-Israel sit-in...“They took over office spaces, defaced our property, and physically impeded the work of other Googlers,” Rackow wrote in the memo obtained by The Post. “Their behavior was unacceptable, extremely disruptive, and made co-workers feel threatened.”..."
Article Title: After Discovery of ‘Vote for Biden’ Flyers in Mexico, Mayorkas Can’t Say How to Stop Illegal Aliens From Voting
Snippet of Article: "...“They are telling illegal aliens, noncitizens, to come vote for Joe Biden,” Greene said. “This is corruption at the deepest level. As a matter of fact, I would call it treason.”
In a separate House Judiciary hearing, Rep. Andrew Clyde, R-Ga., asked Attorney General Merrick Garland about the flyer urging illegal aliens to vote for Biden. Clyde held up the flyer.
“That’s what this poster says; [it] reminds illegal immigrants to vote for President Biden,” Clyde said. “So, is the Department of Justice concerned about illegal aliens voting in elections?”..."
Article Title: Sen. John Kennedy Wrecks Biden Over Iran Appeasement, 'Go to Amazon and Buy a Spine Online'
Snippet of Article: "The big issue will be Israel because it is clear that President Biden is being influenced by the Hamas wing of the Democratic Party...
In the past 60 days, we have seen President Biden go wobbly in his support of Israel. With respect, go to Amazon and buy a spine online. Peace through weakness never works, not with these hard, armed men...
The American people may be poor under Biden, but they're not stupid. We need to stand with Israel. ..."
Article Title: Iran’s General Salami Lauds ‘Successful’ Attack on Israel, Warns Against Retaliation
Snippet of Article: "...The Iran-state media outlet IRNA further detailed the IRGC commander warned that Israel will “regret its past actions and take a lesson from Iran’s attacks,” claiming any reaction from Israel to Iran’s recent attacks would be met “with a much stronger response.” ..."