TIL Elon Musk made nearly $6 billion dollars in donations after the UN challenged him to use “2% of his wealth to end world hunger”

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by squaremild It’s weird — I remember a lot about the UN World Food Program challenge and his response: “Show me a plan of action for the $6 billion and I will sell the Tesla stock necessary today.” Well the UN didn’t come through but Elon did it anyway. It’s unclear, however, where Musk will … Read more

Once again, credit leads equities – high yield has been leaking (wider spreads, higher yields, risk off) for weeks while stocks marched higher – listen to credit.

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Once again, credit leads equities – high yield has been leaking (wider spreads, higher yields, risk off) for weeks while stocks marched higher – listen to credit. https://t.co/4cVbeIJFhj pic.twitter.com/EpUIJG7CU8 — Lawrence McDonald (@Convertbond) April 30, 2022 How #hedgefunds are positioned in futures. $TNX $TYX $SPX $RUT $NDX $VIX $GLD $EUR $USD $WTI https://t.co/I27AmvElG2 pic.twitter.com/XFMnM50G6J — … Read more

Kremlin accuses US of ‘expropriation’

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White House plan to ‘streamline’ seizure of Russian private assets goes against all legal norms, Moscow believes Washington’s plan to expand its authority to “seize and forfeit” the assets of so-called Russian “oligarchs” to provide financial aid to Kiev is nothing but “expropriation” that tramples on the very right to private property, Kremlin spokesman Dmitry … Read more

Biden’s DOJ sues Alabama over law making transgender treatments for children a felony

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Alabama legislation signed this month outlaws puberty blockers for children (Biden’s) Justice Department filed a complaint Friday challenging Alabama’s Senate Bill (S.B.) 184, which bans transgender treatments for children. The DOJ asserts that criminalizing the sexual transition of children is a violation of the Fourteenth Amendment on the grounds of equal protection. Alabama Gov. Kay … Read more

DeSantis Promises Constitutional Carry Gun Law in Florida

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“We used to be the leader on Second Amendment issues,” DeSantis said. The Republican governor noted 25 other states already have passed constitutional carry legislation. The law allows people to carry handguns without a concealed weapons license or permit, the Sentinel said. DeSantis said the gun law was “one thing I wanted the Legislature to … Read more

Couple facing murder charge after 36-yr old daughter found “melted into a couch covered in urine, feces, weight less than 100 lbs”.

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A Louisiana couple whose daughter was found dead, covered in human waste and “melted” into their couch is facing a possible murder charge – leaving those around them in shock, a report said. Sheila and Clay Fletcher are under scrutiny after shocking new details emerged about the Jan. 3 death of their 36-year-old daughter, Lacey … Read more

Consumer Sentiment For Home Buying Crashes To Lowest Level Since 1982 As Bear Sentiment Takes Hold In Stock Market

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by confoundedinterest17 Rising home prices and The Fed signaling an end to the perpetual punch bowl have resulted in the University of Michigan buying conditions for houses to hit the lowest level since 1982. While bearish sentiment in markets highest since 2009 in the stock market. I don’t get why Biden created a “Disinformation Control Board” … Read more

Q1 US Employment Costs Skyrocket Most In History Helping To Increase Already Soaring Inflation (PCE YoY Rises To 40-year High of 6.60% YoY)

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by confoundedinterest17 Not only has The Federal Reserve driven M2 Money Velocity to near historic lows, but now we find out that the Employment Cost Index just rose to a historic high. Of course, a variety of minimum wage laws have helped drive up employments costs. Don’t tell lawmakers that minimum wage laws lead to higher … Read more