The Reality of Red-State Fascism
The sweep of history shows that there are two main dangers to liberty, one that comes from the left and the other that comes from the right.
NewsWare’s Trade Talk: Friday, November 1
S&P Futures are higher this morning in reaction to earnings reports. AMXN, INTC, CVX, CAH and XPM are higher after earnings, AAPL is lower as the street was not impressed with their forward guidance. Today attention will be on the Non-Payrolls report which is expected to come in lower from the Sept figures which would be positive for the markets as it would provide additional confidence for a rate cut next week by the Fed. Shares of Boeing are active as the company has issued a new proposal in an effort to end strike. Vote is Monday and appears likely to pass. Markets will soon start to display caution ahead of the election. The race is too close to call and markets do not like uncertainty. In Europe, markets are rebounding with all three major indexes in the green. Oil prices are spiking higher on reports that Iran is planning retaliatory strikes in the next few days.
New York Fed Report: 27 Percent of Bank Capital Is âExtend and Pretendâ Commercial Real Estate Loans
by Pam Martens and Russ Martens, Wall St On Parade: The New York Fed, long the quintessential keeper of secrets for the Wall Street megabanks that it has been bailing out since the financial crisis of 2008, has suddenly decided to come clean on a big threat to capital at these and other banks. The New […]
National Climate, Polling Points To A Trump Victory
National Climate, Polling Points To A Trump Victory
Authored by Jim Lee via RealClearPennsylvania,
Currently, both the national climate and the polling seems to point to a Trump victory in November. For instance, according to polling averages , only 28% of Americans say the country is going in the right direction, compared to 61% who say itâs on the wrong track. Why is this important? Because wrong track voters are more apt to vote for the party out of power â i.e., the Trump campaign â than the party âin power.â
Second, President Joe Bidenâs average approval rating is still at a dismal 41% nationally, with a higher 56% of Americans saying they disapprove of his job performance. Why is this important? Because if Americans are unhappy with the presidentâs job performance, they theoretically should be less likely to vote for another four years of his administration with a vote for the Harris campaign. And remember, when Kamala Harris was asked on a national network television program just recently if she would have done anything different than Biden, she couldnât answer. In other words, she seems to have unwittingly conceded that she represents another four years of a Biden presidency.Â
Another reason the political climate seems to favor Republicans at the current time has to do with how Americans are self-identifying in polls. According to national polling, in October 2016, the country self-identified as Democrat by a 3-point margin over Republicans. In October 2020, the country self-identified as Democrat by a higher 6-point margin. But in September of this year, just last month, new polling showed Republicans with a 1-point lead over Democrats on party self-identification. This could prove important because it seems to suggest that more Americans are aligned with the GOP brand than the Democrats â another good sign for the Trump campaign.
Moreover, the current polling has shifted in Trumpâs favor both nationally and in critical battleground states. For instance, the RCP average of national polls now shows Trump with a 48.4 to 48.3% lead â just one tenth of a percent difference, but still leaning Trump. This is a big deal because the national popular vote has favored Harris for months, but now has shifted in Trumpâs favor. This could be a sign of which way the political winds are blowing. Plus, polling averages currently show that Trump leads in all seven battleground states, including Pennsylvania (.6 percent lead), Michigan (.2 points), Wisconsin (.2 points), Arizona (1.5 points), North Carolina (.8 points), Georgia (2.2 points) and Nevada (.7 points). These are RCP averages as of October 26.
In Pennsylvania, Trumpâs lead is significant when you consider that on that day in 2020, Biden led in the RCP averages in Pennsylvania by 4.8%; Biden of course went on to eek out a narrow margin over Trump by only 1.2%. Back in 2016 at this time, Hillary Clinton led in the RCP averages by 4.3 points, only to lose to Trump by a razor-thin, 48.58 to 47.85 margin on Election Day (or 44,292 votes).
So, are we on the cusp of a landslide (Electoral College) victory for Trump? No one knows for sure, but it could happen. In Pennsylvania, our latest poll shows a 46% to 45.8% statistical tie between Trump and Harris (Harris leading by .2 percentage points). This poll was conducted October 18-22 with a sample size of 500 likely voters. But there is plenty of good news for Trump in this poll.Â
For instance, Trump looks poised to overperform his 2020 numbers with Republicans. In the current survey, Trump is winning Republicans by an 89.4% to 3.7% margin over Harris. Why is this important? In 2020, Trump lost 8% of the GOP vote to Biden â a huge setback in a state where Democrats outnumber Republicans. More importantly, Trump is doing better with Independents in the current survey, currently leading them 43.9% to 36.4%. In 2020, Biden carried Independents by a 52:44 margin according to CNN exit polls. If Trump wins Independents in Pennsylvania, which constitute about 16% of the electorate and are technically the fastest growing cohort of the voter registration rolls, he will likely win the Keystone State.
And the political issues currently favor a Trump victory in terms of what is influencing peopleâs vote choices. For instance, in our Pennsylvania survey, 45% say inflation and the economy is the top issue that will influence peoplesâ votes for a candidate, while immigration is second (at 32%). No other issue polls higher. Inflation/economy voters are breaking for Trump by a 57.4% to 35.4% margin. Immigration voters favor Trump by a whopping 72.7% to 17.4% margin. So, if voters go to the polls thinking about inflation, the economy and illegal immigration, Trump is likely to win. Lower ranking issues like protecting democracy, reproductive rights, and healthcare access all favor the Harris narrative.
Yet despite all these factors pointing in Trumpâs direction, our polling still shows a statistical tie, so Harris canât be counted out. In the poll, there are some red flags for Trump. For instance, voters who say they already cast early ballots favor Harris by a 53.9% to 37.1% margin. This means Harris has the edge in early returns with absentee and mail in ballots. Plus, Trump doesnât seem to be getting much traction with Hispanic/Latino voters, which make up about 8% of the stateâs electorate and are a fast-growing cohort in suburban areas like Lancaster, Reading, Allentown and Wilkes-Barre/Scranton media markets. In the current survey, Harris leads Trump with Latino voters 76.7% to 20.0%. This suggests an underperformance for Trump when you consider that Trump got 27% of the Latino vote in 2020 according to exit polls. In addition, in a separate poll we recently conducted in the hotly contested 10th congressional district election (between GOP incumbent U.S. Rep. Scott Perry and Democratic challenger Janelle Stelson), Harris actually leads Trump by a 46:41 margin â a reversal from a 4-point Trump victory in this same district in 2020. So, Trump seems be underperforming in some Mid-state counties, which are a must win area for him when you consider that our polling shows Trump will lose the vote-rich Philadelphia suburban collar counties, plus the stateâs two major urban centers of Allegheny and Philadelphia counties. Letâs not forget that in 2020, Biden carried the Keystone State but only by winning 13 of Pennsylvaniaâs 67 counties â a highly surgical approach to victory.
So, the current survey seems to suggest a very close race on Election Day in a very pivotal battleground state. Turnout could be the deciding factor in determining the outcome. This is because Pennsylvania is almost a 50:50 state in voter registration since the GOP has narrowed the voter registration edge to fewer than a 300,000 vote-difference, or a current 44% Democrat to 40% GOP margin; independents and other third-party voters make up the remaining 16%. Exit polls in 2020 showed a +1 percent margin for GOP versus Democrats in party self-Identification. In the current poll, Trump is winning Republicans 89.4% to 3.7% over Harris, while Harris is winning Democrats 90.8% to 3.2% over Trump. So, both candidates seem to be doing equally well in their respective bases of support. This means itâs hard to tell if the ânever Trumpâ campaign narrative is getting real traction or is simply a red herring. This means whichever candidate gets more of their voters to the polls will likely be the victor. Other states will see similar trend lines since states like Arizona, Nevada, and Wisconsin are also states where Republicans and Democrats are relatively equal in voter registration. Turnout will play a critical role in this election, and the party that gets their vote out could have the edge on Election Day.
Tyler Durden
Fri, 11/01/2024 – 07:20
US, Russia on âbrinkâ of direct conflict, Lavrov warns
The United States and Russia are very close to engaging in “direct military conflict,” Russian Foreign Minister Sergei Lavrov warned in an interview published Friday in a Turkey daily, just days ahead of a US presidential election. “Under the current president (Joe Biden), who has taken the downward spiral of Russophobia in the US to […]
The post US, Russia on ‘brink’ of direct conflict, Lavrov warns appeared first on Insider Paper.
Private-Sector Jobs Went Negative in October. Will the Fed Panic Again?
For the first time since 2020, private-sector employment fell, with full-time jobs dropping yet again. Will the Fed rush to “stimulate” the economy?
Unpacking Mises: Fractional Reserve Banking and the Currency School
Mises Fellow Kristoffer Hansen joins Bob to discuss the controversy surrounding Mises’ perspective on fractional reserve banking and free banking.
âVictory Planâ or Deadly Delusion? Zelenskyâs Perilous Five-Point Plan
The darling of Americaâs political elites, Ukrainian President Volodymyr Zelensky, now touts a âFive-Point Planâ that surely will extend the war and ultimately make his country even worse off. It is time to end this farce.
Robert Muellerâs Record of Framing Innocents to Protect the Guilty
by Eric Zuesse, The Duran: (NOTE: This 8-part, 21,000-word, article â prior to its current updates â was offered in March 2019 as an exclusive, to each of the mainstream and other pro-U.S.-Government ânewsâ-media, and none even replied; so, it now is offered to all of them yet again for publication, but on a non-exclusive […]
Chinese Hackers Compromised Multiple Canadian Government Networks For Years, Stole Info: Security Agency
Chinese Hackers Compromised Multiple Canadian Government Networks For Years, Stole Info: Security Agency
Authored by Andrew Chen via The Epoch Times (emphasis ours),
Cyber threat actors from the Peopleâs Republic of China (PRC) have been implicated in multiple breaches of networks associated with federal government agencies and departments, according to a report from the national cybersecurity agency.
âOver the past four years, at least 20 networks associated with Government of Canada agencies and departments have been compromised by PRC cyber threat actors,â said the National Cyber Threat Assessment 2025-2026, released Oct. 30 by the Canadian Centre for Cyber Security.
The centre identifies China as the top threat actor targeting Canada, noting that its cyber operations are âsecond to noneâ in scale, technique, and ambition. Beijingâs objectives include espionage, intellectual property theft, malign influence, and transnational repression, the centre says.Â
While the report highlights Chinaâs hacking of 20 federal government networks in the past four years, information elsewhere in the report shows that Chinese hackers have had access to multiple government networks longer than that. The report says that Chinese agents have compromised Canadian government networks over the past five years, collecting communications and other valuable information.
âWhile all known federal government compromises have been resolved, it is very likely that the actors responsible for these intrusions dedicated significant time and resources to learn about the target networks,â the report reads.
At a press conference on Oct. 30, Caroline Xavier, chief of the Canadian Communications Security Establishment (CSE), would not comment on the details of the breaches, but said mitigation measures had been âeffective.â
âThe key message for usâwhen there are incidents that occurâis really being focused on ensuring [we] minimize the impact to the government department that may have been compromised. And that is exactly where our focus has been,â she told reporters. âWe do feel that the measures were taken to be able to mitigate any of the risks, and to address the incidents in an effective manner.â
The cyber centre is hosted within CSE, Canadaâs electronic spy agency, which is responsible for collecting signals intelligence and defending against cyberattacks.
China Targets
In addition to federal agencies, provincial and territorial governments are also seen as valuable targets for Beijing, the report said, noting that these governments hold decision-making power over regional trade and commerce, including the extraction of critical minerals and other natural resources.
Xavier said this targeting indicates Beijing is a âsophisticated, consistent, and persistent actor,â and that Canada needs to address the threat with a more comprehensive approach.
âWe have work to do as a nation, to continue to work, in particular with the provinces, territories, indigenous communities, because we recognize that weâre all vulnerable, or we all could be vulnerable, and we really want to continue to raise Canadaâs cyber resilience,â she said.
The cyber centre also echoed previous reports from various human rights groups, warning that Beijingâs transnational repression has primarily targeted five specific communities, referred to by the regime as the âfive poisons.â These include Falun Gong practitioners, Uyghurs, Tibetans, supporters of Taiwanese independence, and pro-democracy activists.
âPRC actors very likely facilitate transnational repression by monitoring and harassing these groups online and tracking them using cyber surveillance,â the report said. âFor example, the PRC has been publicly linked to cyber espionage operations against the Uyghur minority group, including members living in Canada, using spear phishing emails and spyware.â
Other Countries Named
Other state-backed threat actors highlighted in the cyber centre report include Russia, Iran, and India.
Russiaâs cyber operations are characterized as âa multi-layered strategyâ that combines conventional cyber espionage and computer network attacks with disinformation. Its primary goal is to enhance Russiaâs global status while undermining democratic institutions in Canada and among its allies.
A specific case cited in the report involves a breach detected by Microsoft in January, where a Russian state-sponsored cyber threat actor known as Midnight Blizzard accessed the companyâs cloud-based enterprise email service.
The group infiltrated correspondence between Microsoft and government officials in Canada, the United States, and the United Kingdom. Initially, the actors sought information about Russia itself, but later used personal data and credentials from the emails to gain access to Microsoft customer systems.
Meanwhile, the report said Iran has been expanding its cyberattacks to western countries amid its ongoing military conflict with Israel.
âIran has taken advantage of its back-and-forth cyber confrontation with Israel to improve its cyber espionage and offensive cyber capabilities and hone its information campaigns, which it is now almost certainly deploying against targets in the West,â the report said.
During the press conference, Xavier also identified India as an âemerging threatâ to Canada.
âIndia very likely uses its cyber program to advance its national security imperatives, including espionage, counterterrorism, and the countryâs efforts to promote its global status and counter narratives against India and the Indian government,â the report said.
Citing her recent testimony before the foreign interference inquiry, Xavier noted India could potentially âflex those cyber threat actions against Canadiansâ amid ongoing diplomatic tensions.
Earlier this month, Canada expelled six Indian diplomats, prompting a reciprocal move by India, which also expelled six Canadian diplomats. This dispute arose after the RCMP announced its investigation into criminal activities allegedly involving âagents of the Government of India.âÂ
âEver-Presentâ Threat
The Centre for Cyber Security says Canada has entered a new era in which cyber threats are âever present.â
âCanadians will increasingly feel the impact of cyber incidents that have cascading and disruptive effects on their daily lives,â the report said.
The centre says the threat has expanded as Canadians increasingly rely on online platforms and digital technologies to go about their lives.
âThese systems record and process vast amounts of data about us, often over poorly secured or untrustworthy digital networks,â it said.
Aside from the threats from hostile state actors, the centre notes that the cybercrime business model is âunderpinned by flourishing online marketplacesâ where leaked data is sold along with cyber tools for criminals.
Tyler Durden
Thu, 10/31/2024 – 23:55