Consumers Upbeat, Bankruptcies and Foreclosures Increase

Normal folks rejoiced when the Federal Reserve lowered the only interest rate it controls, Fed Funds, by a surprise 50 basis points. However, since then, the rate on 10-year bonds…

October Was Record Month For Drone Warfare Between Russia & Ukraine

October Was Record Month For Drone Warfare Between Russia & Ukraine

Ukraine launched another wave of drones on Russia overnight, with Russia’s military saying early Friday that its air defense systems intercepted 83 Ukrainian drones across several regions, including over Crimea.

But at least some of the drones made it through, causing significant damage at an oil depot in the town of Svetlograd in southwest Russia. Regional Governor Vladimir Vladimirov described that an unmanned aircraft “fell” into the Svetlograd oil facility, but without causing casualties. Such large UAV attacks have been almost daily, and coming for weeks.

Image source: Ukrinform

Social media videos circulated in the aftermath of the attack, showing a large blaze – which appeared to be quickly extinguished. The depot is owned by state oil giant Rosneft.

Bryansk and Kursk regions also saw waves of inbound drones overnight, with the military saying it downed 20 over Bryansk and 36 over Kursk. At least a dozen were also intercepted over Crimea.

On the other side of the conflict, Ukraine’s General Staff said Russia launched a record 2,023 drones across the border for the month of October. There have been some days in October when over a hundred drones were sent from Ukraine in a single 24 hour period – with the same from the Russian side on Ukraine as well.

Ukraine’s energy infrastructure has been heavily impacted, with rolling blackouts across many parts of the country now a regular part of daily life. Russia has been much less impacted, and its infrastructure vaster.

Earlier this week Russia’s defense ministry announced more key gains in the Donetsk region. The military is now in control of Ukrainian town of Selydove, just southeast of the larger strategic city of Pokrovsk.

CNN has observed that “Selydove was an important staging area for Ukraine’s defenses and a key foothold to prevent Russia’s advance toward Pokrovsk.”

Ukrainian forces on the frontlines in the region have complained of multiple attacks from all directions of late. Russia has the artillery and manpower to keep up a constant assault, while Kiev forces lack both.

Russia “continues to assault with very large troop numbers. They used reserves from the north of the frontline’s Pokrovsk section to increase pressure on Selydove,” 15th brigade national guard spokesman Vitaliy Milovidov said on Tuesday.

“At the same time, the enemy is not destroying the city’s infrastructure,” he explained. “Most likely, they want to keep the town as a foothold for themselves in the future. Selydove is a large town where you can accommodate a large number of people and hide equipment.”

Russian forces are currently engaged in several offensives across the east and they are within a few kilometers of Pokrovsk; that’s spitting distance for their artillery and guided FAB munitions. Their strategy so far has been to encircle urban centers and slowly squeeze Ukrainian defense units out, which means the battle for Pokrovsk will soon be on the horizon at this rate.

Tyler Durden
Sat, 11/02/2024 – 07:35

SpaceX Just Tested Their Biggest Starship Yet – And This Is Only the Beginning!

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Welcome back my friends. Today we are diving deep on the amazing changes around SpaceX’s Starship along with all the wonderful updates this very week. SpaceX Just Tested Their Biggest Starship Yet, And This Is Only the Beginning! We are diving right into a bunch of those changes. Along with that, Starlink Group 10-8, Group 9-9, Group 10-13, Crew-8 and Gateway/Artemis updates, is Boeing's space sector being sold, and New Glenn First Stage off for Hot Fire Test! This is another big one.

Space Rocket Lab Raptor 3 and other Models
(use code "MARCUS10" for a discount)
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Spaceflight Now – Dr Kent Chojnacki, and Key steps towards Artemis 3 Moon landing
https://youtu.be/VyjYETLJjHs

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GameplayReviewUK, TiagoCruz, Mr Pleasant, Virtu, Orbitly, Shaun Gisler, Nicolas Arroyo

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There’s No Market Process Independent of Competition

Interventionists often claim that market economies naturally lead to monopolies, which mean there is no more economic competition. However, within market processes, there always is competition unless government authorties themselves block it.

Government Coverups and Censorship Are the Problem

“What makes it possible for a totalitarian or any other dictatorship to rule is that people are not informed; how can you have an opinion if you are not informed?…

Summary for Subtropical Storm Patty (AT2/AL172024)

…SUBTROPICAL STORM PATTY FORMS OVER THE NORTHERN ATLANTIC… …EXPECTED TO PASS NEAR OR OVER THE AZORES THIS WEEKEND…
As of 9:00 AM GMT Sat Nov 2
the center of Patty was located near 39.9, -34.4
with movement ESE at 7 mph.
The minimum central pressure was 986 mb
with maximum sustained winds of about 50 mph.

Subtropical Storm Patty Forecast Advisory

Issued at 0900 UTC SAT NOV 02 2024

Tropical Storm Lane Public Advisory

…DEPRESSION STRENGTHENS INTO TROPICAL STORM LANE…
As of 2:00 AM PDT Sat Nov 2
the center of Lane was located near 11.1, -129.5
with movement W at 7 mph.
The minimum central pressure was 1005 mb
with maximum sustained winds of about 40 mph.

Tropical Storm Lane Forecast Advisory

Issued at 0900 UTC SAT NOV 02 2024

Japan urges 200,000 people to evacuate due to heavy rain

Nearly 200,000 people in western Japan were urged to evacuate on Saturday as authorities warned of landslides and floods, while the remnants of a tropical storm trickle over the country. The Japan Meteorological Agency said “warm, moist air… was causing heavy rainfall with thunderstorms in western Japan” partly due to Kong-rey, which was downgraded to […]

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