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Electric vehicle maker Lucid is not in the fast lane to profitability based on a new report. Lucid, which targets the luxury end of the EV market, reported it brought in $150.9 million after selling 1,404 vehicles in quarter 2 and expects to hit its production goal of at least 10,000 vehicles this year, the company announced in a news release posted on its website. Far down in a copy of the presentation used for its earnings call, there were some other numbers. Some looked good — such as the $150.9 million in revenue. Then came the cost of making...

Ecuadorian presidential candidate Fernando Villavicencio has been killed, the country’s president Guillermo Lasso has said, vowing the “crime will not go unpunished”. Local media had earlier reported Villavicencio, a former lawmaker who had been polling at 7.5%, had been shot at a campaign event in Quito.

What is a Shell Corporation? A shell corporation is a business that is formed that has no actual business operations. They are mostly created for money laundering or sometimes for parking early startup funds. They do not employ anyone or provide any services. Shell corporations are created in tax havens to avoid paying taxes and to hide the identity of the owner. If an individual is involved in an illegal activity, a shell corporation can be a platform to hide money. A shell corporation can be opened by opening a bank account and buying real estate in a tax haven.

[Catholic Caucus] Sexual Revolution in the Church. Everyone Inside, but at the Price of Excluding GodThe symbolic image of the synod on synodality, convened in plenary session this October, is a tent that is enlarged. To finally “welcome and accompany” even those who “do not feel accepted in the Church.”And who are the first on the list of these excluded, in the “Instrumentum laboris,” the document that acts as a guide for the synod? “The divorced and remarried, people in polygamous marriages, or LGBTQ+ Catholics.”For years now in the Church these human typologies have been at the center of discussion....

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A new Democratic talking point dismissing a Wednesday House Oversight Committee memo about the Biden family's foreign business dealings has led to the resurfacing of past texts sent by Hunter Biden suggesting he had to fork over half his salary to his dad, President Biden. ... "Now might be a good time to remember Hunter Biden has complained about Joe Biden forcing Hunter to give him half his salary," Abigail Marone, communications director for Sen. Josh Hawley, R-Mo., tweeted in response to Berner. Marone included a screenshot of texts Hunter sent to his daughter, Naomi, in 2019 that were recovered...

On this date in 1993, the police chief of Casablanca was shot in Kenitra Central Prison for abuse of power. Mohamed Mustafa Tabet (or Tabit) wasn’t exactly Captain Renault. While Morocco still has prisoners on death row, Tabet’s was the first execution actually carried out in 11 years, and it’s the last execution in Morocco to date. He went on the rocket docket, just five months from his arrest to standing up against a wall. To earn that rare distinction, Tabet exploited his official power to rape or sexually exploit hundreds of women. Tabet confessed to some 1,500 victims over...

Library of Congress apologizes for using “incorrect” pronouns and calling a female “she.”

Bombshell documents released by House Oversight Committee Chairman James Comer reveal new information regarding the Biden Family’s corrupt Business Deals. According to the memo released on Wednesday, the White House refuses to admit that the Biden family reaped millions of dollars from China, contradicting thousands of bank statements the Committee has reviewed. While running as a presidential candidate, Biden assured Americans that his family received no money from China, claiming the Committee’s bank records regarding his family’s receipt of funds from China are “not true.” However, the documents reveal that the Biden family, their business associates, and their companies received...

The US mortgage market is livin’ la vida Biden! And for the US mortgage market, la vida Biden in ugly. Mortgage applications decreased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 4, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 4 percent compared with the previous week. The Refinance Index decreased 4 percent from the previous week and was 37 percent...

Biden has a disgusting habit of making moments when he should be offering gratitude to service members and their families about himself instead.Two years after a suicide bombing in Kabul took the lives of 13 American service members during the Biden administration’s botched withdrawal from Afghanistan, the mother of 20-year-old Marine Lance Cpl. Dylan Merola, who was killed in the attack, blasted the president for falsely claiming to “know how” it felt to lose a child in combat.“His words to me were, ‘My wife, Jill, and I know how you feel. We lost our son as well and brought him...

Newly unsealed search warrants reportedly reveal the shocking words a 6-year-old Virginia student allegedly uttered after brandishing a gun at school and shooting his teacher in the classroom. "I shot that b---- dead," the boy said on Jan. 6, 2023, just moments after the shooting, according to Amy Kovac, a reading specialist at Richneck Elementary School in Newport News, Virginia. Kovac rushed into the classroom afterward and restrained the child until police arrived. The unsealed warrants, reported by local news outlets Tuesday, described how Kovac had heard a gunshot and witnessed several children run out of the classroom.

Multiple FBI field offices were involved in the drafting of a memo targeting Catholics as potential domestic terrorists, a newly unredacted document obtained by House Republicans reveals. The discovery contradicts testimony from FBI Director Christopher Wray, who previously claimed under oath only one field office was involved.“This new information suggests that the FBI’s use of its law enforcement capabilities to intrude on American’s First Amendment rights is more widespread than initially suspected,” House Republicans wrote in a letter sent to Wray on Wednesday.Earlier this year, a leaked FBI memo dated Jan. 23 revealed the agency’s Richmond, Virginia, field office was...

The Tennessee Titans released a stunning video of its future $2.1 billion home in a bid to further entice its fans. Set to reside on the East Bank of Nashville - next to its current Nissan Stadium - the 1.7m square-foot dome stadium will be finished by 2027 with construction expected to begin early next year. The Titans' elaborate video was posted on social media Wednesday ahead of the waitlist for season tickets beginning August 15. Nashville mayor John Cooper seems to have approved the stadium plans and filed legislation to confirm the building of the new arena in February....

According to reports, members of the Ikitu tribe in a rural Peruvian district believe that they have been attacked by 7ft-tall 'aliens' that they have dubbed 'Los Pelacaras' or 'the face peelers'. Described as having large heads and yellow eyes, these mysterious assailants are said to be invulnerable to weapons and have been linked to attacks on multiple villagers. One victim - a 15-year-old girl - even ended in hospital. Some of the locals have now taken to conducting night patrols and there have been calls for the military to get involved before someone is seriously hurt, or worse We...

A Florida man was arrested on fraud charges in July after allegedly registering a 1977 Porsche 911 Turbo that was stolen from the Sarasota Classic Car Museum. The man allegedly used the VIN number from another vintage 911 out of a California salvage yard to register the car, police records show. Police responded to the Sarasota Classic Car Museum after the burglary alarm was tripped during the early morning of June 14, according to police records. The officers were unable to make contact with a museum employee at that time and initially determined that the building was secure. It surely...

A debt crisis that rivals China Evergrande Group’s default may be brewing in the world’s second-largest economy. Country Garden Holdings Co., helmed by one of China’s richest women, Yang Huiyan, has left investors in the dark after dollar bondholders said they’ve yet to receive coupon payments effectively due Monday. That puts the firm—which had 1.4 trillion yuan ($199 billion) of total liabilities at the end of last year—on course for its first public default if it doesn’t make the payments within a 30-day grace period. “Any default would impact China’s housing market more than Evergrande’s collapse as Country Garden has...

New York Gov. Kathy Hochul (D) is enthusiastic about mass immigration to the sanctuary state as a boon for businesses, hoping for an endless flow of foreign workers to hire even as officials in New York City suggest they are at a breaking point. In a press conference this week, Hochul seemingly spun as a positive the fact that thousands of border crossers and illegal aliens, often with no means to support themselves, are arriving in New York every week as New York City Mayor Eric Adams (D) has said the city is in a crisis.

Stunned bystanders caught the shocking moment a gang of at least 30 brazen thieves ransacked a Yves Saint Laurent store in an upscale California shopping center. Videos posted online showed multiple people in dark clothes, hoods and masks running into and then quickly out of the store at the Americana at Brand shortly before 5pm Tuesday. Glendale police said the thieves got away with about $300,000 worth of merchandise, after they overwhelmed the staff and took everything they could in less than a minute. None of the thieves used any weapons in the brazen scheme, and no injuries were reported....

[Catholic Caucus] What Francis and His Defenders Spurn Most: God and His CommandmentsOne of the prayers immediately before Communion in the Traditional Latin Mass expresses the profound desires of Catholics to be delivered from all that can separate us from God:“O Lord Jesus Christ, Son of the living God, Who according to the will of the Father, through the cooperation of the Holy Ghost, hast by Thy death given life to the world: deliver me by this, Thy most sacred Body and Blood, from all my iniquities and from all evils; and make me always adhere to Thy commandments, and...