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News is still coming in, but Texas Governor Greg Abbott says at least 14 children and a teacher were killed by a mass shooter at Robb Elementary School in Uvalde, Texas. This comes on the heels of the Buffalo, New York mass shooting by a white supremacist that claimed ten lives. There is little left to say when it comes to mass shootings in America. Politicians, pundits and pastors have scarcely finished trotting out their last round of condolences and talking points then they have to return to their respective pulpits, expected to have fresh insights. It’s difficult because, increasingly,...

All I can say is “Wow.” Tobias Peter and Ed Pinto of the American Enterprise Institute (AEI) released their April housing report and it was a doozy. The AEI’s home price appreciation index came in at a blood curdling 17.3% YoY. The reason why home prices are still raging at 17.3% YoY? The Fed’s monetary stimulypto is STILL in place! The Fed’s balance sheet (green line) is still staggering, and The Fed Funds target rate (white line) is a measly 1%. Atlanta Fed President Raphael Bostic is talking about a pause in Fed tightening. Fed Chair Jerome Powell is really...

Venus Protocol, a decentralized money market, announced on Thursday evening that about $11 million had been lost due to people exploiting the historic collapse of the Luna cryptocurrency and its sister stablecoin UST. The team behind the Venus Protocol released a statement confirming suspicions that had been floating around for hours about the potential mishandling of the fiasco around Luna. “Today, we became aware of errant price behavior for LUNA on Venus Protocol. Upon investigation, it was learned that the price feed had been paused by Chainlink due to extreme market conditions,” Venus Protocol explained... Venus Protocol and several other...

House of CardsThe data that got some heads, and markets, turning yesterday was US new home sales, which slumped 16.6% m-o-m and 26.9% y-o-y to a seasonally adjusted annual rate of 591,000 in April, the lowest level since April 2020. Economists had expected a figure of 748,000. Yes, this is always a very choppy series, but the drop was widespread: -5.9% in the Northeast, -15.1% in the Midwest, -19.8% in the South, and -13.8% in the West. That’s synchronicity which takes me back to a conversation I had with a Russian-American in mid-2006 when working at another bank, who explained...

"In New York," former Gov. Andrew Cuomo bragged on Sunday, "we passed the best (gun control) laws in the nation." Although those laws manifestly did not prevent the mass shooting that killed 10 people at a Buffalo supermarket on May 14, Cuomo thinks the answer is more legislation of the same sort. Cuomo mentioned a federal "assault weapon" ban, and other politicians have responded to the Buffalo massacre by calling for expanded background checks and more aggressive enforcement of "red flag" laws that aim to disarm dangerous people. But those policies are fundamentally ill-suited to stopping would-be mass murderers from...

Just two days ago we reported about the unfortunate death of a Goldman Sachs analyst, who was shot dead on the northbound Q train as it passed the Manhattan Bridge. Daniel Enriquez, who joined Goldman’s research division in 2013, was shot in the chest in an unprovoked attack. According to NYPost at the time, the family of Enriquez had only one message for Mayor Eric Adams: “Do your job … Get crime off the streets.” And they make a crucial point, especially as it relates to this specific attack. Why? Because it was revealed in follow up reporting yesterday that...

It appears these Democrat voters helped push hated Secretary of State Brad Raffensperger over the top in the GOP primary race on Tuesday night. A recent report by the far-left Atlanta Journal-Constitution found that at least 7% of early Republican voters were Democrats. These Democrat voters were the difference in the Secretary of State race in the state. Much despised Brad Raffensperger somehow managed to pull off a victory in the Republican primary last night against former Congressman and President Trump endorsed US Representative Jody Hice. If 7% of the votes were Democrats switching over for the primary, then that...

In yet another tragic mass shooting, Salvador Ramos, 18, slaughtered 19 innocent children and two much-loved teachers at Robb Elementary school, in Uvalde, Texas, on Tuesday before being killed in a shoot out with a Border Patrol officer and local law enforcement. It is the second deadliest shooting in US history after the infamous Sandy Hook massacre in 2012 - which saw 26 people killed - and has once again left people asking how someone could commit such a heinous crime. As the country tries to make sense of the tragedy, stories about Ramos are beginning to emerge from those...

Matthew McConaughey has offered an impassioned but vague plea following Tuesday’s school shooting in his hometown of Uvalde, Texas, cryptically saying it is time for Americans everywhere to make “sacrifices” and re-evaluate our “wants from our needs.” In his Twitter message, McConaughey doesn’t mention guns or the Second Amendment. Instead, he admonished Americans for “failing to be responsible for the rights our freedoms grant us.”

JAKARTA, May 23 (Reuters) - Indonesia summoned Britain's ambassador on Monday to explain the raising of a lesbian, gay, bisexual and transgender (LGBT) flag at its embassy, and urged foreign missions to respect local "sensitivities" following a backlash among conservatives. Barring the sharia-ruled province of Aceh, homosexuality is not illegal in Indonesia, the world's largest Muslim-majority country, although it is generally considered taboo. The rainbow LGBT flag was flown alongside the British flag at the country's embassy in Jakarta on May 17 to mark the International Day Against Homophobia, Biphobia and Transphobia, according an Instagram post by the embassy. ...

OAKLAND, Calif. (KRON) – Warriors head coach Steve Kerr joined hundreds of parents, students and teachers in Oakland for a rally Tuesday calling for police to be taken off of Oakland school campuses. Tuesday’s rally and march was put on by the “Black Organizing Project,” which has been working for nearly a decade on this issue. Kerr has been vocal about supporting the Black Lives Matter movement and on Tuesday in Oakland, he spoke about the importance of educating yourself and listening to those affected by racial injustice.

Two years after George Floyd’s murder by a Minneapolis police officer, the nation is struggling to deliver progress on a host of issues critical to race, policing and inequality in American life. Floyd’s killing reverberated throughout the country, leading to protests for change not only in how police in the nation operate, but on a range of other issues including voting rights and representation. But efforts in Washington to enact police or voting rights reform have run aground amid deep differences between Republicans and Democrats. Just more than a week ago, a lone gunman in Buffalo, N.Y., killed 10 people...

Throughout the pandemic, Sweden has faced an enormous amount of criticism and international pressure due to their willingness to stick to established public health principles and pre-pandemic planning.Instead of following the incessant, anti-science groupthink that became part of a virus-induced political religion, Sweden chose instead to not impose the strict lockdowns that Dr. Fauci recently claimed were not tried in the US.Sweden never mandated masks be worn in indoor public spaces, correctly identifying the lack of evidence supporting their use.They kept schools open in defiance of teacher’s unions and politically motivated “experts” in the United States who advocated for a...

Beware of totalitarian control of scientific and medical thought here in America. Prominent academic publications, medical organizations and even some state legislatures are trying to silence scientific disagreements about COVID-19. That will kill medical progress. On Friday, Anthony Fauci, the face of the federal government's COVID response, urged graduates at Roger Williams University in Rhode Island to stand up against disinformation and "the normalization of untruths" about COVID-19. Let's hope graduates were too busy tossing their mortar boards skyward to heed Fauci's dangerous advice. It's dangerous because there is no such thing as scientific certainty about COVID-19 or any other...

President Biden is doing a great job-just ask anyone in the lame stream media. Stephanie Cutter, a CNN political commentator, when asked about Biden's plummeting approval numbers replied, "By any metric with the exception of inflation, this country is moving forward under his leadership." There you have it. Case closed. America is moving forward. Forward towards the abyss? Forward towards annihilation? Forward to becoming a third world banana republic? Actually, Stephanie is accurate about one thing. Biden is successfully destroying America, the land that we love, faster than anyone imagined. We always knew that Biden was frail, confused and cognitively...

Salvador Ramos was named as the 18-year-old high school student and fast-food worker who stormed into classrooms at Robb Elementary School in Uvalde, Texas, gunning down at least 19 students and two fourth-grade teachers on May 24, 2022. It was the nation’s deadliest elementary school shooting since the 2012 massacre at Sandy Hook Elementary in Connecticut. The suspect, who flashed pictures of guns on Instagram, shot his grandmother before entering the school pursued by law enforcement officers, the Associated Press reported. The Uvalde High School student shot children in grades 2 to 4 and two beloved fourth-grade teachers, Irma Garcia...

The claim that the US has by far the most mass public shootings in the world drives much of the gun-control debate. Many argue that America’s high rate of gun possession explains the high rate of mass shootings. ... Of the 86 countries where we have identified mass public shootings, the US ranks 56th per capita in its rate of attacks and 61st in mass public shooting murder rate. Norway, Finland, Switzerland and Russia all have at least 45 percent higher rates of murder from mass public shootings than the United States. When Lankford’s data is revised, the relationship between...

The Fed has barely started raising interest rates but the air is already seeping out of the housing bubble.New single-family home sales plunged by 16.6% from March and were down 26.9% year on year. New home sales dropped to the lowest level since the lockdown in April 2020.New home sales are often viewed as a leading indicator of the state of the overall housing market.The unsold inventory of new homes spiked by 34,000, a historic month-to-month leap. There were 440,000 unsold new homes (seasonally adjusted), the highest level since May 2008 in the midst of the housing bust. Both, the...

Before the invasion itself, russian servicemen welded so-called barbecue grills over tank turrets and even tried to fortify them additionally with sacks of sand, but this time you won’t see any of that. This invention was supposed to protect tanks from Javelin and Bayraktar TB2 strikes, but, as always in russia, something went wrong. But the situation turned out to be "even more complex". The evidence for that is an epic interview of the Russian army tanker Captain Alexei Ukhachev in the publication "Moscow Komsomolets", which was published soon after his liquidation in Ukraine. By the way, the article is...

Huge army of 700.000 men approaching the west of Russian border!