Author: Press Room
At the start of October, we pointed out something very troubling: the Fed’s repo rate corridor, the anchor of the entire US financial system, broke and boy did it break as General Collateral surged almost 40 bps above the reverse repo facility rate, which is designed to serve as the upper range of the Fed’s various overnight rates. The upper range, that is, except during month-end, and especially quarter-end, when banks window-dress their books by soaking up as much liquidity as they can get their grubby little hands on.It is then that we see just how naked the liquidity emperor…
Democrats are clearly worried about Kamala’s chances in Pennsylvania because they’re sending in their big guns. Former President Barack Obama was in Pittsburgh today, campaigning for Harris with an almost singular focus on speaking to black men. What does that tell you? They know they have a serious problem here. Will this make any difference? That remains to be seen, but probably not. If voters are not supporting Kamala Harris it’s because they want things to change. No speech or friendly comments from Obama is going to change that fact. The Hill reports: Obama rallies for Harris, slams Trump in…
SINGAPORE, SINGAPORE – SEPTEMBER 21: Liam Lawson of New Zealand and Visa Cash App RB looks on in the … [+] Pitlane during final practice ahead of the F1 Grand Prix of Singapore at Marina Bay Street Circuit on September 21, 2024 in Singapore, Singapore. (Photo by Lars Baron – Formula 1/Formula 1 via Getty Images)Formula 1 via Getty Images The new regulations that promise to shake up Formula 1 may still be 18 months away, but a wind of change is already blowing through the sport. Red Bull’s era of domination appears to be over and McLaren could clinch…
By Michael Kane Good news! We have a bus going from Long Island to Washington DC this Sunday, September 29, for the Rescue the Republic event at the Washington Monument! The bus will leave from the Whole Foods parking lot in Jericho, 429 N Broadway, Jericho, NY 11753-2106 at 7:00 am sharp! The bus will leave from Washington DC at 5 pm sharp. The cost is $100 which you can pay via a donation to the Autism Action Network HERE We must meet a minimum number of people, so do not delay if you want to go, get your seat…
Rumors began circulating this week that Paul Biya, Cameroon’s authoritarian leader for more than four decades, has died. While Biya’s government denied them on Wednesday, claiming he is alive and well in Switzerland, Biya has not made a public appearance in over a month. The 91-year-old Biya has ruled Cameroon with an iron fist for 42 years, restricting political opposition and limiting free speech in the country. Some reports out of the country this week indicate that his regime has decreed private media outlets cannot discuss his potential death or health complications, though Biya’s abrupt vanishing has now made international…
U.S. inflation is running hotter than expected. The consumer price index rose in September 2.4 percent from a year earlier, the Department of Labor said Thursday. Economists had forecast a 2.3 percent increase in consumer prices after the August reading Compared with a month earlier, prices rose 0.2 percent. That’s an acceleration from the 0.1 percent recorded in August. Core CPI, a measure that excludes food and energy prices, rose 0.3 percent for the month. Compared with a year ago, core prices were up 3.3 percent. Economists had forecast the year-over-year figure would rise 3.2 percent, matching the prior month.…
New York City Mayor Eric Adams is seeking $2.3 billion to spend on 14,000 hotel rooms to house migrants through 2025, according to reports. The Adams administration projects the spending will be needed for the 150 hotels that are currently under contract with the city to house illegals, according to the New York Post. Spending over the three years is likely to total up to $5.76 billion, the city says. City hall has contracts with the New York City Hotel Association to provide the shelter at a cost of $352 per night per family, the city has reported. “The New…
A selection of the week’s best photos from across the African continent and beyond:Hoping to win hearts and minds with humour, Extinction Rebellion protesters pose as “fossil fuel vampires” preying on Mother Earth outside an oil producers’ conference on Tuesday, in the South African city of Cape Town. The campaigners say time is running out to fix the global climate crisis. [RODGER BOSCH / AFP]Time is also on the mind of this market vendor in Cairo, Egypt, offering masses of watches for sale. [Khaled DESOUKI / AFP]On Sunday, people in the central Ethiopian town of Bishoftu mark Irreecha… [TIKSA NEGERI…
LAS VEGAS (AP) — Vice President Kamala Harris was asked to name three virtues that her opponent in next month’s election, Donald Trump, possesses — but was unable to come up with even one.At the end of her town hall for Spanish-language network Univision in Las Vegas on Thursday, audience member Teresa Djedjro, 48 and originally born in Mexico, asked Harris to, “Please give me three virtues that Trump has.”Harris laughed and thanked her for the question before saying, “I know that the vast majority of us has so much more in common than what separates us.” Then she made…
Backed by science and fury, Curtis Bay residents Thursday night demanded that the Maryland Department of the Environment reject a new permit for the CSX Transportation coal terminal in their neighborhood.The agency is moving to impose stricter requirements on the railroad giant’s operations.“There is no reasonable amount of poison to put in anyone’s lungs. There is no justification for that ever,” Terrel Askew from the advocacy group Coal Kills Baltimore said at St. Athanasius Church.“CSX made $5.6 billion in 2023. The fines that they get are in no way a means to actually make them do better.”Department of the Environment…