“Once the first dart has been thrown in a tournament, any player that subsequently withdraws from playing a match may be considered to be bringing the game into disrepute and could face disciplinary action.”
Tag: news
Muslim woman enters London church, screams she was there ‘to kill the God of Jews’
She was carried into custody with restraints on her legs and feet after she allegedly began throwing punches and kicks at police officers. She has been released on bail.
Judge Delays Trump’s Hush Money Sentencing Until After Election
Judge Delays Trump’s Hush Money Sentencing Until After Election
The judge overseeing former President Donald Trump’s Manhattan criminal case has postponed his sentencing for the second time. According to Reuters, the new sentencing date has been pushed to November 26, after the presidential election on November 5.
Trump’s lawyers asked Judge Juan M. Merchan, who oversaw Trump’s seven-week trial earlier this year, to postpone the September 18 sentencing. They argued there wouldn’t be enough time for the defense to appeal Merchan’s upcoming ruling on Trump’s request to overturn the conviction, citing the US Supreme Court’s landmark decision on presidential immunity.
In May, Trump was convicted by a unanimous jury on 34 felony counts of falsifying business records. Prosecutors said Trump signed off on the scheme to hide reimbursements to a lawyer who wired a $130,000 “hush money” payment to Stormy Daniels ahead of the 2016 presidential election. Trump pleaded not guilty and denied the encounter.
The charges carry a maximum sentence of four years in jail. Most legal observers expect Trump to avoid jail time, given the alternatives to incarceration, including probation.
Trump’s original sentencing was set for July 11, but it was delayed after he filed a motion to overturn his conviction, citing a landmark Supreme Court ruling on presidential immunity.
Trump attorneys Todd Blanche and Emil Bove’s request for a postponement argued it would be inappropriate to sentence the former president this month since early voting in the presidential election has already begun.
“By adjourning the sentencing until after that election … the Court would reduce, even if not eliminate, issues regarding the integrity of any future proceedings,” they wrote.
🚨Its official – Trump won’t be sentenced in NY until after the election
If he wins, no jail time for his political persecution
If he loses, he’ll likely spend the rest of his life in jail as a political prisoner
These are the stakes pic.twitter.com/ztzt6e7mlT
— DC_Draino (@DC_Draino) September 6, 2024
*Developing…
Tyler Durden
Fri, 09/06/2024 – 13:37
China ends international adoptions after decades of sending orphaned babies to western parents
“China will no longer place children for adoption abroad.”
PETER MURPHY: RFK Jr. repudiated the Left on its out-of-touch climate policy
The political transformation of Bobby Kennedy Jr., one of the scions of Democratic Party royalty and longtime environmental activist and lawyer, may be as impactful as Reagan’s more gradual evolution.
KENNY CODY: The Democrats’ lawfare against RFK Jr. proves they fear him
Kennedy’s decision to withdraw from the race and strategically direct his votes to Trump in swing states has had a seismic impact on the 2024 election, significantly favoring President Trump.
Time To Rebel: We Are Now Entering The Total Censorship Stage Of Global Tyranny – Alt-Market.us
By Brandon Smith The authoritarian regimes of the past century have all followed a pattern of events that is generally…
The post Time To Rebel: We Are Now Entering The Total Censorship Stage Of Global Tyranny appeared first on Alt-Market.us.
Is The “Everything Bubble” About To Pop?
Is The “Everything Bubble” About To Pop?
Authored by Charles Hugh Smith via OfTwoMinds blog,
Among the big winners of the Everything Bubble is–yes, I know you’re shocked–Wall Street.
Is the “Everything Bubble” about to pop? Let’s start with what we’re told: there is no bubble , all the assets soaring to unprecedented heights are reasonably priced at a “permanently high plateau” because of AI, scarcity of housing, scarcity of Ferraris, interest rates trending down, the Fed waving dead chickens around the campfire, people buying toothpaste, and so on: you name it, it’s a reason for assets to drift higher.
This all sounds rather splendid, but somehow the pump inflating the bubble goes unmentioned: it’s the money, Honey , the tens of trillions of yen, yuan, euros, dollars, pesos, etc., being borrowed or conjured into existence since the last spot of bother in 2008, where each unit of currency enters the global free-for-all chasing assets.
Thanks to historically low yields, cash is trash and the way to make a killing is to rotate from AI chip makers to Ferrari to Colgate, and then on to the next hot sector: maybe uranium, maybe bat guano, maybe a new doggy-themed crypto, maybe the next iteration of the yen carry trade, it doesn’t really matter because capital is digital and therefore mobile.
Hand-in-hand with the endless spew of new “money” and credit are financialization and globalization , which have transformed every asset into a fully globalized, commoditized asset that can be securitized, packaged, collateralized and leveraged in a financier’s Heaven of finance becoming the measure of all things .
The house across the street is no longer shelter: it’s a financialized asset that’s now part of a portfolio of rental properties owned (and leveraged) by some entity based in Dubai, which might securitize the portfolio and sell it to pension funds in Norway.
Or it’s one of dozens of short-term vacation rentals (STVR) in a wealthy family’s private wealth management portfolio.
The same holds true for every asset on the planet. Farmland isn’t for growing food–it’s for growing wealth as the global “scarcity” of places to stash capital drives its value out of the reach of those who would actually like to use the land to grow food.
For the wealthy, what’s abundant is credit, and what’s scarce is assets to soak up the sea of capital sloshing around the wealth management funds, philanthro-capitalist foundations, and other outposts of the top 0.1%, which as this chart illustrates, have ridden the credit-fueled Everything Bubble to unprecedented heights of private wealth.
We’re told the bubble is a tide raising all boats, but this is, ahem,misinformation, as the bottom 50%’s share of the financial windfall remains a signal-noise of 2.6%.
The primary effect of the Everything Bubble is an extreme of wealth-power inequality. As the chart above illustrates, the wealthy got much richer while everyone else acquired more debt, ie the obligation to pay more of one’s earnings to the wealthy who own the mortgage, auto loan, student loan. etc.
There’s a funny little effect of extreme wealth-power inequality known as social disorder which can manifest in all sorts of equally funny ways, as popular uprising, wildcat strikes, opting out , civil disobedience, and various other ways of expressing no mas .
Here we see just how extreme the Everything Bubble has become in residential real estate, nearly doubling the insanity of the 2006 housing bubble. Recall that the Case-Shiller Index tracks the market price of the same houses over time, so there’s no way to game the statistics.
Among the big winners of the Everything Bubble is–yes, I know you’re shocked–Wall Street , as the broker-dealer index has outpaced even the bubblicious S&P 500 stock index.
The Everything Bubble is global , which means its deflation is going to hurt the entire global economy. Consider this chart reflecting the concentration of China’s household wealth in housing: almost 80% of all household wealth is in housing, a bubble which is now popping despite the authorities’ efforts to reinflate the bubble. Prices are off 25% to 37% in Tier 1 cities, and even more in Tier 2 and 3 cities.
The reverse wealth effect as the primary store of household wealth wilts will be monumental. Trust isn’t just personal? trust is the critical glue in markets and governance. Once trust is lost, it’s somewhere between difficult and impossible to win it back.
That the bloom is off the Everything Bubble Rose is visible in anecdotal evidence dribbling in from the real world: housing valuations in various markets are off 25% from their peak, housing inventories are rising, sales are slowing, restaurant chains are going belly-up , credit card debt is soaring to new heights, dollar-store stocks are cratering, and so on.
But hey, the real world doesn’t count? the only thing that matters is financialized assets going up. If the yen-quatloo pair is taking off, everything’s good.
There are a couple of funny things about amassing $315 trillion in debts globally to drive “growth”: one is the interest due on all that debt , which becomes unsustainable should yields rise, and inflation, which either pushes yields higher, making it impossible to continue funding “growth” with more debt, or it lays waste to the purchasing power of wage earners’ incomes, popping the bubble of free-spending consumption propping up the global economy and debt bubble .
Gordon Long and I explain these dynamics in our new podcast :
To summarize: will the Everything Bubble pop? Yes.
Will the authorities try to reinflate the bubble? Yes.
Will it work? No.
* * *
Tyler Durden
Fri, 09/06/2024 – 06:30
Intel Teams Up With Japanese National Research Institute To Further EUV Development
Intel Teams Up With Japanese National Research Institute To Further EUV Development
Intel and Japan are teaming up.
In fact, the Japanese national research institute is going to be teaming up with Intel to “build a research and development center in Japan for cutting-edge semiconductor manufacturing technology”, according to a new report from Nikkei Asia.
Japan’s National Institute of Advanced Industrial Science and Technology (AIST), under the Ministry of Economy, Trade, and Industry, will establish a new facility in three to five years equipped with extreme ultraviolet lithography (EUV) technology.
Intel will contribute its expertise in chip manufacturing using EUV. The center, the first of its kind in Japan, will allow equipment and materials manufacturers to pay a fee for prototyping and testing.
Nikkei reports that the initiative aims to strengthen Japan’s capabilities in the chip manufacturing sector, with total investment expected to reach hundreds of millions of dollars.
EUV (extreme ultraviolet lithography) is crucial for semiconductor manufacturing at scales of 5 nanometers and smaller, allowing more transistors to fit on a chip and increasing computing power.
And EUV equipment is expensive, costing over 40 billion yen ($273 million) per unit, making it a significant investment for suppliers of materials and equipment.
The U.S. has tightened restrictions on EUV-related exports to China amid growing strategic competition with China, slowing the return of research data to Japan. Having EUV equipment available at a domestic research facility will reduce this barrier, according to the report.
ASML Holding, based in the Netherlands, is the leading manufacturer of EUV lithography equipment. However, semiconductor production involves over 600 steps, requiring a broad range of specialized equipment and materials.
Japanese companies like Lasertec dominate the EUV inspection equipment market, and firms like JSR specialize in photosensitive materials for silicon wafer circuits.
Intel aims to strengthen ties with these Japanese suppliers through the new research center.
Tyler Durden
Thu, 09/05/2024 – 22:45
JACK POSOBIEC and LIZ COLLIN: Why did Tim Walz allow $250 million in Covid funds to be defrauded by Somali migrants?
“You import the third world, you become the third world,” Posobiec said.