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The Truth Central May 8, 2023: Thousands of US Banks are Potentially Insolvent; California Defaults on Debt

Posted on May 8, 2023 by admin | 104 Comments

We have already seen several banks collapse or lose stock value, but is the worst yet to come? A Stanford Professor deduces there are thousands of U.S. banks which are…

BBC: To tackle climate change, many of us need to cut our carbon footprints. But what do truly low-carbon lifestyles look like?

Posted on May 8, 2023 by admin | 107 Comments

Spread the loveAccording to the Intergovernmental Panel on Climate Change (IPCC), with the right policies, infrastructure and technology in place to enable changes to our lifestyles and behaviour, we can reduce…

Ukraine war: ‘Mad panic’ as Russia evacuates town near Zaporizhzhia plant

Posted on May 8, 2023 by admin | 107 Comments

Spread the loveRussia has sparked a “mad panic” as it evacuates a town near the contested Zaporizhzhia nuclear power plant, a Ukrainian official says. Russia has told people to leave…

California panel approves reparations proposal of up to $1.2 million EACH for black residents… but activists demand more than $200 million at heated public meeting

Posted on May 8, 2023 by admin | 107 Comments

Spread the loveCalifornia’s reparations task force has approved recommendations which could give black residents $1.2million each as compensation for slavery and discrimination. The nine-member committee voted Saturday to approve proposals on how the…

California Defaults On $18.6 Billion In Debt, Saddling Employers With The Expense

Posted on May 8, 2023 by admin | 106 Comments

Spread the loveCalifornia’s recent decision not to pay back some $20 billion borrowed from the federal government to cover unemployment benefits during the pandemic will fall on the shoulders of employers,…

Stanford Professor Warns Thousands Of US Banks Are “Potentially Insolvent”

Posted on May 8, 2023 by admin | 109 Comments

Spread the loveBy Amit Seru Mr. Seru is a professor of finance at the Stanford Graduate School of Business. This article has been updated to include new information about PacWest and…

JP Morgan: U.S. regulators may ban short selling amid banking crisis

Posted on May 8, 2023 by admin | 83 Comments

Spread the loveAs the U.S. banking sector faces a wave of failures, JP Morgan analysts have warned that regulators may intervene to stop short selling activities that could worsen the…

The Truth Central May 5, 2023: Massive Layoffs Coming, More Climate Hysteria and Cheap Flights May Be a Thing of the Past

Posted on May 5, 2023 by admin | 96 Comments

Economic conditions continue to worsen despite what you might see coming out of the Biden Administration PR Machine as signs point to a period of massive layoffs as we watch…

New York State Bans Natural Gas Stoves And Heaters

Posted on May 5, 2023 by admin | 91 Comments

Spread the loveOver the last few years, there has been a lot of talk about banning gas installations in new residential buildings, but New York is the first state to…

Climate Change to End Era of Cheap Airplane Flights

Posted on May 5, 2023 by admin | 101 Comments

Spread the loveTicket prices for flights are expected to rise in the coming years as the airline industry wrestles with the costs of reaching net zero by 2050. European aviation alone…

21 Russian Cities Cancel V-Day Parades As Tit-For-Tat Drone War Heats Up

Posted on May 5, 2023 by admin | 89 Comments

Spread the loveRussia has witnessed several drone attacks against its territory and infrastructure over the past 24 hours, following the pair of drones sent against Kremlin buildings in the heart of…

With Mortgage Rates Stuck at 6.5%, Spring Selling Season Turns into Dud

Posted on May 5, 2023 by admin | 2 Comments

Spread the loveThe housing market is now in peak spring selling season. This is when sales volume surges and when home prices rise and when everything is rosy no matter…

Despite Banking Turmoil, ECB Accelerates QT plus Hikes by 25 Basis Points. Balance Sheet Plunged by €1.12 Trillion so Far

Posted on May 5, 2023 by admin | 106 Comments

Spread the loveThe inflation outlook continues to be too high for too long,” the ECB said in its announcement today. “We had long discussions about core inflation and underlying inflation,”…

A Wave of Massive Job Layoffs Gains Momentum

Posted on May 5, 2023 by admin | 73 Comments

Spread the loveA wave of massive layoffs that hit dozens of US companies toward the end of 2022 shows no sign of slowing down into 2023. Shopify is the latest…

The Truth Central May 4, 2023: More Bank Trouble, Fed Rate Hike Ripple Effects and Swiss Kids Pushed to Eat Insects

Posted on May 4, 2023 by admin | 99 Comments

Pacific West Bank saw its shares plummet 60 percent after a report its brass was seeking a "Capital Raise" (read: Bailout). This is the latest in the continued climate of…

EU Backs Controversial Dutch Plans to Shut Down Farms in Bid to Reduce Nitrogen Emissions

Posted on May 4, 2023 by admin | 110 Comments

Spread the loveThe European Commission on May 2 approved a plan by the Dutch government that would compensate livestock farmers in certain areas if they agree to voluntarily close their farms…

Switzerland Wants Children to Eat Less Chocolate, More Insects

Posted on May 4, 2023 by admin | 97 Comments

Spread the loveMAUR, Switzerland—In this land of cheese and chocolate, children are being schooled in the more subtle pleasures of eating mealworms, locusts and crickets. On a recent morning, students…

Russia accuses U.S. of being behind Kremlin ‘attack’; Ukraine says drone incident was staged

Posted on May 4, 2023 by admin | 100 Comments

Spread the loveRussia has been accused of staging an alleged drone attack on the Kremlin that it blamed on Ukraine (and the U.S., according to the latest comments from the…

Just in Time for ECB Rate-Hike Meeting: Eurozone Services Inflation Spikes to New Record. Overall Inflation Re-Accelerates

Posted on May 4, 2023 by admin | 94 Comments

Spread the loveIn the 20 countries that now use the euro, the annual rate of inflation in services rose to 5.2% in April, another record in the data going back…

Fed Raises Interest Rates to 16-Year High, as Economy Falters

Posted on May 4, 2023 by admin | 114 Comments

Spread the loveFederal Reserve officials signaled they might pause raising interest rates now after approving another increase at their meeting that concluded Wednesday. “People did talk about pausing, but not…