Re-energized this election cycle, the tech entrepreneur joins other mega-donors apparently out to undercut the political system
Peter Thiel’s midterm bet: the billionaire seeking to disrupt America’s democracy
Related:
The Right’s Would-Be Kingmaker (archived, as it’s behind a paywall)
Anti-Globalist?! He invests in businesses, worldwide!? I doubt that it would be possible without globalization! 🤷🏼♀️
The Best Way to Respond to Saudi Arabia’s Embrace of Putin
But this claim is unjustified. OPEC has never cut production in such a record tight market and these production cuts will lead to unsustainably low oil inventories, sending the price of oil skyrocketing out of any “acceptable band.” Furthermore, the G-7 oil price caps plan is not targeted at OPEC; it is strictly limited to Russian oil.
Nor can this Saudi move be justified by the non-existent global recession its leaders cite. Presently markets are very tight, with lush 73 percent profit margins for Saudi Arabia. In other words, there was no immediate need for Saudi Arabia to reduce supply unless they were seeking to harm the U.S. to the benefit of Russia.
Non-existent global recession?!? Low oil inventories?!? Maybe Biden shouldn’t be releasing our oil from the Strategic Petroleum Reserve?! As for never cutting production, before, looks like they have!? 🤷🏼♀️
A pair of new drugs offer something many Americans desperately want: a way to lose weight.
‘There’s no way that patients are going to be able to afford that.’ Why aren’t new drugs that can help you lose weight more widely used?
“Ten years ago, policymakers would come out and say, ‘Fat people need to eat less and move more.’” – majority of people still feel this way, unfortunately. Most of them don’t know how hard it is to lose weight or if they have, they don’t understand that one weight loss plan may not work for another. Same way it is with medical treatments. One size fits all doesn’t fit all!
US legislation that could open members of oil producing group OPEC+ to antitrust lawsuits has emerged as a possible tool to tackle high fuel prices, after the body said it would slash production despite lobbying by the Biden administration.
What is NOPEC, the US bill to pressure OPEC+?
During a televised hearing, a Wall Street-friendly GOP lawmaker thanked a bank CEO for hiring his top aide.
Corruption Caught On Tape
Experts question former Sen. Norm Coleman’s role as both foreign agent for Riyadh and Republican fundraiser.
Saudi lobbyist oversees millions in dark money GOP campaign donations
Related:
Norm Coleman: Former U.S. Senator Now Lobbyist and Agent for the Saudi Government
A former top railroad union official has floated the idea of union bureaucrats forcing through a sellout contract even if workers vote it down, either by unilaterally declaring it passed or having it enforced by the government by sending it to binding arbitration.
Former SMART-TD top official floats idea of forcing through sellout rail contract even if workers reject
Related:
Might Union Chiefs Override Member Vote?
Notwithstanding the Biden Administration basking in the political sunlight of tentative agreements being reached, the threat of an economy-jolting nationwide rail shutdown remains—and will be pinned on Biden and Democrats if it occurs prior to mid-term elections in November. Hence, there’s chatter as to whether rail labor leaders, very much invested in Democratic success in mid-term elections, might override a membership rejection of the tentative agreement or, alternatively, seek binding arbitration so as to avoid a work stoppage damaging to Democratic candidates.
The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar. Administration officials say it’d help reinforce the U.S. role as a leader in the world financial system.
US Treasury recommends exploring creation of a digital dollar
H/T: PFYT2
Related:
A digital dollar would allow Americans to directly open up an account at the Fed
And while some have suggested that the Fed could potentially launch a digital dollar on a public network like Ethereum, Luther suspects that it would instead choose to launch on its own dedicated blockchain.
“A public blockchain would limit the government’s ability to control access and monitor transactions. I am not convinced it will give up control and oversight, even if doing so would be in the best interest of society.”
Fed’s Powell: a U.S. digital dollar could help maintain international primacy
The development of an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Fed Chair Jerome Powell said on Friday, weighing in with generally positive remarks on a hot-button topic at the central bank that has left policymakers divided.
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Ten countries have already launched central bank digital currencies and another 105 countries are exploring the option, according to the Atlantic Council, leading to fears the dollar could lose some of its dominance to China.
STOCKHOLM (AP) — The Sweden Democrats party was founded by neo-Nazis and skinheads in the 1980s. Today, the rebranded and reformed nationalist party stands on the edge of unprecedented influence.
Success for party of ‘Sweden first’ energizes global right
Congress intends to intervene to prevent a national rail strike and unilaterally impose a concessions contract, Steny Hoyer, the second highest ranking Democrat in the House of Representatives, told Bloomberg News on Monday.
Millionaires’ Congress threatens to intervene against potential US railroad strike
Video via Anarchistara
Ms. Cat’s Chronicles 
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