CALIFORNICATION: The Challenge of Economic Recovery Continues to Grow under New Regulatory Burdens and More than $2.1 Billion in New Taxes and Fees.

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via commonsenseinstituteco: Despite tax revenue to the state’s General Fund rebounding to more than $2 billion above pre-pandemic levels[i] and a surge of more than $65 billion in federal funds to Colorado, the 2021 legislative session, which ended June 8th, resulted in an additional net tax burden of $302 million (in FY23) on individuals and businesses. New fee-based … Read more

MATT TAIBBI: Spying and Smearing is “Un-American,” not Tucker Carlson.

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After Obama left office, illegal leaks of classified intercepts became commonplace. Many, including the famed January, 2017 leak of conversations between Michael Flynn and Russian ambassador Sergei Kislyak, were key elements of major, news-cycle-dominating bombshells. Others, like “Russian ambassador told Moscow that Kushner wanted secret communications channel with Kremlin,” or news that former National Security Adviser … Read more

Good luck with that! Chicago mental health professionals will be dispatched on 911 calls instead of cops following defund the police protests

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The city is launching a two-part ‘alternative response’ pilot program this fall that takes a more public health approach to responding to mental health 911 calls A mental health professional and a paramedic will be dispatched to mental health-related calls instead of police officers Mental health professionals will also be stationed inside 911 call centers … Read more

Glenn Greenwald: Nancy Pelosi Making Millions Trading Stocks of Companies She Regulates

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From Glenn Greenwald’s Substack: House Speaker Nancy Pelosi (D-CA) is the sixth-richest member of Congress, according to the most recent financial disclosure statements filed in 2019. As the California Democrat has risen through party ranks and obtained more and more political power, her personal wealth has risen right along with it. Pelosi “has seen her wealth … Read more

Thanks For Your Concern, Mr. Fink

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BY JOHN RUBINO Larry Fink, CEO of BlackRock, the world’s biggest investment company, just went on CNBC to commiserate with today’s savers. You may need to work longer, ramp up investment risk to afford retirement, BlackRock CEO Fink says “Unquestionably, as central banks keep rates low, or negative in Europe, the savers are getting slammed,” BlackRock’s … Read more

New York Judge Makes Historic Ruling In Trump Case

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Even before he became Pres­i­dent, Don­ald Trump was no stranger to court­rooms. And he con­tin­ues to fight a bar­rage of law­suits, many of which seem to revolve around the First Amendment. But maybe the weird­est law­suit yet has just been resolved: the for­mer POTUS was sued for retweet­ing a “fake news” meme on his account … Read more

Bubble going to burst? More $USD liquidity disappearing into the Fed RRP, counteracting QE and tightening financial conditions.

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Very briefly and simplistically, more $USD #liquidity disappearing into the #Fed #RRP, counteracting #QE and tightening financial conditions. — Invariant Perspective (@InvariantPersp1) July 14, 2021 Around 675,000 AMC puts changed hands today, surpassing # of calls traded for the first time since MARCH $AMC #OptionsTrading pic.twitter.com/kd775vtt9g — Gunjan Banerji (@GunjanJS) July 14, 2021 #AMC $AMC … Read more

Jobless Claims Fall to Pandemic Low, Fed’s Bullard Urges Bond Tapering (Powell Says Too Soon)

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by confoundedinterest17 (Bloomberg) — Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low, indicating that dismissals are easing as business conditions improve and firms look to increase headcounts. Initial claims in regular state programs decreased by 26,000 to 360,000 in the week ended July 10, Labor Department data showed Thursday. The median estimate … Read more

Why Apple’s iMessage Doesn’t Fall Under the New IT Rules Unlike WhatsApp, Telegram or Signal

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Indian govt has reportedly withdrawn a letter written to Apple regarding compliance with the country’s new IT rules. The IT ministry has reportedly refused to consider Apple’s iMessage service as a ‘significant social media intermediary’. Experts say that If iMessage is exempted, rules related to the ‘identification of the first originator of the message’ would … Read more