Tesla drops below $1 trillion market cap

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https://finance.yahoo.com/news/tesla-drops-below-1-trillion-market-cap-154047937.html Over the weekend CEO Elon Musk said he could sell more stock, in what many saw as an off-color response to a tweet from Senator Bernie Sanders. Musk sold about $6.9 billion in shares last week, sending the stock price lower. Tesla shares are down more than 15% over the last five sessions. It … Read more

More price increases

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by BeccaBas I work in distribution, not any of the really big ones but also not small. In my area we get and manage the pricing from our suppliers. I’m seeing an influx of emails announcing 10 to 25% increases effective Jan 1. Normal Jan 1 increases run 3 to 5%. They are citing material … Read more

WHY ON EARTH is RIVIAN still going up?!

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by P13r15 I know everyone is hoping it’s the next tesla and is FOMOing on every EV, but a company that barely made ANY deliveries , having the 3rd highest market cap in the car industry (140B+) , is plain ridiculous for me… And I don’t care about the Amazon rumors.

GOP Congresswoman’s Marijuana Legalization Bill Draws Fire From Home-State Republican Party

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After @RepNancyMace rolls out a Republican plan for federal marijuana legalization, the @SCGOP issues a statement opposing it. pic.twitter.com/vrLdAns5f2 — Nick Reynolds (@IAmNickReynolds) November 15, 2021 Shortly after Rep. Nancy Mace (R-SC) held a press conference formally unveiling the legislation, South Carolina Republican Party Chairman Drew McKissick issued a statement affirming that the organization opposes … Read more

Scottsdale Arizona School Board Votes to Remove President After Moms Discover Secret Surveillance of Parents and Children

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by Sundance  The Scottsdale Unified School District in Arizona was scrambling after a group of moms discovered that Board President Jann-Michael Greenburg was keeping secret surveillance files, a dossier of sorts, on parents and students the school board head viewed as a risk to the interests of the district. In essence what the parents discovered was evidence their … Read more

How dumb are people? They are importing the social credit score freedom licensing system that was beta tested by the China Communist Party on the Uyghurs…

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Of course governments want totalitarian power like the CCP, but how stupid can citizens be to just give it to them willingly and cheer it on? Humans are a very, very special breed of stupid. Not even other Terran lifeforms except for sheep and cows (we bred them that way) display the same ‘hollow’ MASS … Read more

COLLUSION: Biden Infrastructure Czar Advises Pro-China Group: Mitch Landrieu will oversee $1.2 trillion in infrastructure spending.

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President Joe Biden’s pick to oversee $1.2 trillion in infrastructure spending is a top adviser to a trade organization that seeks Chinese investment in American infrastructure. Mitch Landrieu serves as strategic adviser to the United States China Heartland Association, which supports cultural and business exchange between China and 20 states in the American heartland. The … Read more

Revealed: Documents Show Bill Gates Has Given $319 Million to Media Outlets

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SEATTLE — Up until his recent messy divorce, Bill Gates enjoyed something of a free pass in corporate media. Generally presented as a kindly nerd who wants to save the world, the Microsoft co-founder was even unironically christened “Saint Bill” by The Guardian. While other billionaires’ media empires are relatively well known, the extent to which Gates’s … Read more

Ohio’s largest public pension sues Facebook, saying the media giant misled investors

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Ohio’s largest public pension system filed a class-action lawsuit against Facebook, alleging that the social media giant misled investors and breached the public’s trust. Ohio Public Employees Retirement System, which manages $125 billion on behalf of 1.1 million Ohioans, says it purchased Facebook stock “at artificially inflated prices” in 2021 and suffered damages because of … Read more

Entirely possible that we’ll see low interest rates forever, asset manager says [Alternative: economic & financial systems so fragile now that next crisis causes systemic collapse]

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https://www.cnbc.com/2021/11/15/gam-entirely-possible-that-well-see-low-interest-rates-forever.html Interest rates could remain at their record lows “forever,” according to one asset manager, despite a recent rush to normalize policy by many of the world’s central banks. GAM Investments’ Julian Howard told CNBC’s “Squawk Box Europe” last week that he believed it was “entirely consistent historically to talk about low rates forever.” ………..He … Read more