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our mission: to widen the scope of financial, economic and political information available to the professional investing public. to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become. to liberate oppressed knowledge. to provide analysis uninhibited by political constraint. to facilitate information's unending quest for freedom.

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TSMC Set To “Double Down” And Vastly Increase U.S. Semi Production Investment In Arizona

At the beginning of May, we noted that Taiwan Semiconductor was considering bolstering its production in the U.S., and that President Biden's Commerce Secretary was urging more domestic production. Now, it looks like TSMC could be within striking distance of a serious U.S. expansion. The chipmaking giant is "weighing plans to pump tens of billions of dollars more into cutting-edge chip factories in the U.S. state of Arizona than it had previously disclosed", a Reuters exclusive revealed...

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Biden’s State-Sponsored Labor Shortage

Authored by Greg Orman via RealClearPolitics.com,President Biden spoke at the White House earlier this week to address an unsettling national trend – millions of jobs going unfilled in an economy still struggling to right itself. The president couldn’t deny the existence of the paradox: His own administration’s numbers show that millions of Americans are drawing unemployment while millions of jobs are going unfilled. But he and his top economic officials dismissed the most obvious explanation...

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Delta CEO Says All New Hires Must Be Fully Vaccinated

Yesterday, when it announced plans to raise wages for new hires as it attempts to hire tens of thousands of new workers, Amazon added that it would offer all new hires an additional $100 bonus if they are already fully vaccinated before signing on.On Friday, Ed Bastian, the CEO of Delta Air Lines made a splash on an otherwise slow news day by proclaiming during an interview with CNN that the company will require all new hires to be fully vaccinated - while Delta's current workforce (winnowed...

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Coast Guard Reopens Lower Mississippi River After Closure Sparks Massive Barge Jam

Update (1327ET): The US Coast Guard has reopened part of the lower Mississippi River to vessel traffic near Memphis Friday afternoon after being shut down for two days following the discovery of a bridge crack. The river's closure created a logistical shitshow as more than1,000 barges filled with farm goods were unable to traverse the waterway. "Based on the information provided to us by the Tennessee Department of Transportation, the Coast Guard has determined that transit under the I-40...

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Rachel Maddow Says She Will Have To “Rewire” Her Brain To Not View Maskless As A “Threat”

Authored by Paul Joseph Watson via Summit News,MSNBC host Rachel Maddow reacted to the CDC’s announcement on face coverings by saying she would have to “rewire” her brain in order to not perceive those who don’t wear masks as a “threat.”The CDC said yesterday that those who had been vaccinated could remove their masks in indoor settings (aside from a bunch of exemptions, including airports, public transport, hospitals and care homes).This prompted Maddow’s brain to short circuit as she...

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Fauci-Funded Researchers Headlined Wuhan Lab ‘Gain Of Function’ Conference

Authored by Natalie Winters via The National PulseRecipients of grants from Dr. Anthony Fauci’s National Institute of Allergy and Infectious Diseases headlined a Wuhan Institute of Virology conference focusing on “gain of function research and gene editing,” The National Pulse can exclusively reveal. A press release from the Wuhan Institute of Virology – believed by many to be the source of COVID-19 – recounts the “2nd China-U.S. Workshop on the Challenges of Emerging Infections, Laboratory...

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Commodities, Cryptos, & Crappy Stocks Crumble As Stagflation Signals Soar This Week

So, the last week has flashed the 'reddest' of red flags that Stagflation is upon us: Payrolls disappoint... Retail Sales disappoint... Inflation hotter than expected... Sentiment far worse than expected...Source: BloombergIgnore all that... everything is fine...Crappy Stocks (money-losing tech companies) dropped for the 3rd straight week...Source: BloombergCommodities had their worst week since October...Source: BloombergCrypto was lower on the week based on Nasdaq's...

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China May Attempt To Land Mars Rover Today

From currency war, to trade war, to tech war, to climate war, and now to space war, the superpower rivalry between the US and China continues to flare up with Beijing expected to land its rover on the red planet today. CNET reports that the China National Space Administration's (CNSA) spacecraft, which has been orbiting Mars since February, is expected to enter the Martian atmosphere at 7:11 p.m. ET. CNET cites multiple Twitter accounts that monitor China's space programs, though we must...

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Autopilot Was Engaged In Fatal SoCal Tesla Wreck Earlier This Month, Authorities Reveal

A Tesla that was involved in a fatal crash in Southern California last week was operating on Autopilot at the time, it has been revealed. The crash is still is under investigation by the National Highway Traffic Safety Administration, a report from ABC noted on Friday.The crash, which took place on May 5 in Fontana, killed the 35 year old driver after his Model 3 hit an overturned semi on the freeway. A second person was seriously injured after the Model 3 hit him, while he was trying to help...

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Home Prices Are Soaring So Fast, They Are Negating The Benefits Of Low Mortgage Rates

A recent report in the Wall Street Journal that cited data from the National Association of Realtors and Fannie Mae caught our eye by highlighting an unfortunate reality of low interest rates: while they initially help even the playing field and make homes more affordable for more Americans, after a while, price appreciation will ultimately make housing less accessible for middle- and working-class Americans.Using data combined with anecdotes from home buyers, WSJ illustrated how the rapid...

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