"In history wars were about control of land. Today it is control of economies. Lines on maps don't matter." -- Michael Rivero

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In 2015, the world's richest countries agreed to devote $100 billion a year to 'climate finance' in the Global South. So far, this includes a power station in Bangladesh, an airport in Egypt and ice cream parlours in Asia.

Universal Basic Income To Be Trialed In England malterwitty Tue, 06/06/2023 - 12:44

Plans have been announced to trial a universal basic income (UBI) in England that would see up to 30 people receive an unconditional payment of £1,600 (€1,854) a month.

Under the scheme, which is the first of its kind in England, residents in central Jarrow, northeast England, and East Finchley, north London, will be handed the funds each month for two years, and researchers will monitor the effect the payment has on their work ethic and mental well-being.

American Airlines, a leading carrier based in Fort Worth, is currently grappling with a significant challenge. The airline is unable to operate approximately 150 of its regional aircraft due to a persistent shortage of pilots, as revealed by CEO Robert Isom.

Speaking at the Bernstein 39th Annual Strategic Decisions Conference, Isom stated, “We would deploy properly to markets that aren’t being served. We would do that today. It’s just we don’t have the pilots.”


The debt ceiling fracas is mercifully behind us (at least until 2025), so today we turn our focus away from the USA’s dwindling treasury and towards the more immediate issue of its dwindling dominance of the Western Pacific. Over the weekend US Secretary of Defense Lloyd Austin urged China to re-engage with the United States to “help avoid misunderstandings or miscalculations that may lead to crisis or conflict.” The plea was timely, because there have been a few near-misses in recent days that might have caused more concern in markets in years gone by.

Elon Musk Says Target Will Face Shareholder Lawsuits Amid Trans Controversy MikeRivero Tue, 06/06/2023 - 07:12

As Target’s stock price has taken a beating amid conservative backlash over the company’s decision to sell LGBT-themed items and clothing, Twitter CEO Elon Musk said Friday that it’s just a matter of time before Target faces lawsuits for “destruction of shareholder value.”

Musk made the remarks in response to a tweet by conservative activist Charlie Kirk, who posted about JPMorgan downgrading Target’s stock after suffering its longest losing streak in decades.

Wheres Pete? Dockworkers Slow Down Major West Coast Ports MikeRivero Tue, 06/06/2023 - 07:09

Secretary of Transportation Pete Buttigieg is traveling the country, giving local speeches celebrating federal spending in the $1.2 trillion infrastructure bill while another major slowdown is hampering cargo at West Coast ports.

This time, the cause is not a backup of cargo ships, but a labor dispute between the International Longshore Workers Union (ILWU) and the Pacific Maritime Association (PMA) that has continued from last week.

Get woke, go broke: Anheuser-Busch loses $15.7 billion in value after disastrous Bud Light transgender influencer campaign malterwitty Mon, 06/05/2023 - 14:56
Apples new savings bank refusing to let customers withdraw cash: Youre keeping our life savings hostage! malterwitty Mon, 06/05/2023 - 14:41

 It has been one month since Apple launched its new savings account service with Goldman Sachs, and customers everywhere are reporting that they are having trouble accessing their cash.

After attracting more than $1 billion worth of deposits in the first four days of launch, Apple has apparently restricted withdrawals and transfers. 

Portland's Social Experiment Failed MikeRivero Mon, 06/05/2023 - 08:30
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers MikeRivero Mon, 06/05/2023 - 08:23

Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher.