Author: Press Room

Wall Street’s Counter-Revolutionaries Demand the Fed Stay King of the Bond Market Kevin Warsh used his first meeting as Federal Reserve chairman to announce a break with the communications regime that the Fed has deployed for nearly two decades. The policy statement shrank. Warsh withheld his own dot from the Fed’s interest-rate projections. He announced the end of forward guidance and told investors to spend less time trying to anticipate the Fed’s policy and more time watching the economy. The bigger picture here is that Warsh has announced the end of financial crisis-era monetary policy and a return to normalcy.…

The U.S. Senate approved Manhattan federal prosecutor Jay Clayton as the next director of national intelligence on Tuesday. Clayton passed the U.S. Senate with a vote of 51-47 along party lines, succeeding acting director Bill Pulte, who stepped in following the departure of Tulsi Gabbard due to her husband’s cancer diagnosis. Clayton’s nomination received heavy pushback from Democrats, with accusations that he would use the intelligence apparatus against political enemies. “Having known and worked with Jay for years, I was encouraged when he was first nominated for the position of DNI,” Sen. Mark Warner (D-VA) said in a statement following…

Türkiye is frustrating Western plans by refusing to trade its partnership with Russia for alliance discipline Since the start of Russia’s military operation in Ukraine, the West has consistently sought to draw Türkiye into its policy of confrontation with Moscow. This was particularly evident at the this month’s NATO summit in Ankara when the West attempted to pressure the Turkish leadership into adopting a clear anti-Russia stance.For Washington and Europe, Türkiye is particularly valuable. It is not just a member of the North Atlantic Alliance, but a country with the second-largest army in NATO, a developed defense industry, a strategic location in…

AI-Generated Image by Grok – Will British PM Burnham unleash the North Sea Oil’s riches? Pragmatism is very welcome. Many think that the former Manchester Mayor Andy Burnham is a Premier without a real popular mandate, since during the general election the leader was the failed Keir Starmer with a different set of policies – and that he should call snap elections to submit his name and program to the people’s will. And that’s very much true. But it’s also true that, along with a lot of leftist damaging policy ideas, Burnham also has taken some defensible decisions: be it…

U.S. Customs and Border Protection (CBP) recruitment initiatives led to the highest number of Border Patrol agents in the agency’s history. The historic staffing level is leading to a historic drop in illegal border apprehensions not seen in nearly 70 years. In one of the latest efforts to raise CBP staffing levels, the agency’s recruitment team spent three days in Colorado Springs sharing information about border security careers with potential applicants. The latest effort in early July, like many other recruiting events across the country, began with an explanation of what the agency does, followed by recruiters explaining the numerous…

On Tuesday’s broadcast of the Fox News Channel’s “Hannity,” Ukrainian President Volodymyr Zelensky said that Crimea doesn’t appear to be on the table in talks “or not yet. We will see, I don’t know.” And he wants to have a ceasefire and then have talks once the killing stopped. Host Sean Hannity asked, [relevant exchange begins around 5:35] “There was a long period of time where there was a lot of pressure brought to bear on you and your country to give up land in a deal, and you were steadfast, no way. Where do you stand on that issue…

Parents’ rights groups aligned with the MAGA movement and other socially conservative groups are imploring congressional leaders to enact strict rules that aim to prevent online dangers for kids. They join a chorus of more progressive parent and survivor groups urging lawmakers ahead of an upcoming Senate Commerce online kids’ safety markup to enact robust and clear “duty of care” requirements that would legally compel technology companies to prevent harm to children. In a July 30 letter to Sens. Ted Cruz (R-Texas) and Maria Cantwell (D-Wash.), shared first with POLITICO, the groups demanded specific standards that would require technology companies…

Paige Bueckers and Angel Reese discuss an apparent $400 wager on their teams’ matchup during WNBA All-Star Weekend. (Screenshot via WNBA/X) The WNBA leadership circus has somehow found another way to embarrass itself. The league’s official social media account posted a video Wednesday appearing to show two of its biggest young stars—Dallas Wings guard Paige Bueckers and Atlanta Dream forward Angel Reese—agreeing to a $400 wager on the outcome of a game between their own teams. Yes, the WNBA itself promoted the apparent bet. The clip, recorded during the league’s All-Star Weekend in Chicago, showed Reese holding a stack of…

Actress Donna Mills, best known for her starring role in the 1980s TV drama, Knots Landing, has announced plans to join OnlyFans at the age of 85. Mills says that she wants to give loyal fans a reward for sticking by her all these years. “I’ve always appreciated the incredible support and encouragement I’ve received from my fans over the years. Social media has been a wonderful way to stay connected, but I’m excited to join OnlyFans because it offers the opportunity for a more personal and direct connection,” Mills said in a statement, according to Variety. She added that…

A consortium of companies from the United States and Saudi Arabia is planning to build a $5 billion oil refinery and export terminal that could ship 200,000 barrels per day without passing through the Strait of Hormuz, which Iran is attempting to control through terrorism. The consortium, known as MERA Oil, includes Saudi corporation PWS, the Texas-based MWG Group, and the Patel Family Office, a privately-held investment firm that began three generations ago in the United Kingdom, but is now based in the United States. The refinery project is a long-term investment in building an oil supply line that is…