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Israel Prepares Rafah Evacuation With Help From US, Egypt - New Tent City Erected Via The Cradle The Israeli army is closing in on completing its plans for an assault on the Gaza Strip’s southern city of Rafah, the Wall Street Journal (WSJ) reported on Tuesday.  WSJ cites Egyptian officials as saying that Israel’s plan to evacuate civilians from the city will take two to three weeks and will be carried out in cooperation with Washington, Cairo, and other A

"Let Me Go Home, Okay?": Mistrial Declared For Arizona Rancher Accused Of Killing Illegal Immigrant On His Property A mistrial was declared in the case of an Arizona rancher accused of fatally shooting an illegal immigrant on his property near the US-Mexico border, after the jury failed to reach a unanimous decision following two full days of deliberation.

World's Biggest M&A Deal Is Terrible For Bonds Four years ago, we wrote an article, mocking the unspeakable reality that it appeared "The Fed and The Treasury had now merged"...

"What Kind Of American Are You?" Authored by Jim Quinn via The Burning Platform blog, War, What's It Good For? We have only seen a handful of movies in a theater over the last decade. Ever since the kids grew up, there hasn’t been a reason to spend too much for too little. Regal Cinemas in Oaks was the place to go in the old days. It had 24 theaters and was always packed. You could never get a parking spot close to the venue. The restaurant near the theater always had a line and you usually had to wait 30 minutes to get a seat.

Bernie Sanders To Lead Progressive Fight Against Israel Aid In Senate With New Amendment Authored by Jake Johnson via Common Dreams, US Sen. Bernie Sanders said Monday that he would put forth an amendment to remove offensive military funding for Israel from a House-passed aid package that the Senate is set to consider this week. The amendment would "cut billions in offensive military funding to Israel from the proposed national security supplemental package," Sanders (I-Vt.) said in a statement. The package, approved by the Republican-controlle

'Buy All The Things' - Dismal Data Lifts Rate-Cut Odds As Markets Ignore Price-Pressures Seemingly choosing to ignore soaring new home sales and median home prices (and wage-related and input cost pressures within the PMI data), US equity markets, bond markets. gold, and crypto are all ripping higher on the 'bad news' decline in Manfacturing Services 'soft' data. The driver o

After Big Downward Revision, New Home Sales Jumped In March Along With Prices Following the plunge in Existing Home Sales (and Start and Permits), March New Home Sales (unexpectedly) soared - rising 8.8% Mom (+0.9% exp). This big jump (largest MoM since Dec 2022) is made to look a lot better after February's 0.3% MoM decline was revised dramatically lower (to a 5.1% decline)...

NYU, Columbia, Yale Crack Down On Demonstrators As Anti-Israel Protests Intensify Several pro-Palestinian protests at major universities have been forcibly shut down, as tension simmer over the Israel-Hamas war.

US PMIs Scream Stagflation As Manufacturing 'Contracts', Prices Rise, Heaviest Job Cuts Since GFC After a mixed bag from preliminary April European PMIs (Services strong-er, Manufacturing weaker-er, surging prices)... “Accelerated increases in input costs, likely driven not only by higher oil prices but also, more concerningly, by higher wages, are a cause for scrutiny Concurrently service-sector companies have raised their prices at a faster rate than in March, fueling expectations that services inflation will persist. ” and after March US PMIs exposed the end of the disinflation narrati

Biden's America: 40% Of Renters Think They'll Never Own A Home, Up From 27% Last Year Bidenomics 101: the American dream of owning a home has become the American nightmare for almost half the US population. As housing specialist Redfin reports, rising home prices and mortgage rates "are making it harder to believe in the American dream of homeownership. Lack of affordability is the most commonly cited reason renters don’t believe they’ll ever own a home." The details are dire: Nearly two in five (38%) U.S. renters don’t believe they’ll ever own a home, up from roughly one-quarter (27%) less than a year ago.