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Summary Trump says he has 'cause' to remove Fed governor Cook's lawyer says she will take matter to court Another open board seat could boost Trump's influence over Fed Market reaction to Trump's move on Cook muted WASHINGTON, Aug 26 (Reuters) - Federal Reserve Governor Lisa Cook will file a lawsuit to prevent President Donald Trump from firing her, a lawyer for the embattled central bank official said on Tuesday, kicking off what could be a protracted legal fight over the White House's effort to shape U.S. monetary policy."His attempt to fire her, based solely on a referral letter, lacks...

Australia has given Iran's ambassador seven days to leave the country after alleging the country's government directed antisemitic attacks in Sydney and Melbourne. Intelligence services linked Iran to an arson attack on a cafe in Sydney in October last year, and another on a synagogue in Melbourne in December, Prime Minister Anthony Albanese told a press conference on Tuesday. Albanese added the two incidents were "attempts to undermine social cohesion and sow discord in our community". Ambassador Ahmad Sadeghi and three other officials have been ordered to leave Australia, which has withdrawn its own diplomats from Tehran. Iran has "absolutely...

During the last quarter of 2024 we had to upgrade our merchant services account to a new provider. Our old provider did not require the security code on the card so we did not capture that information. However, our monthlies with our new provider will not run without the security code. This means all of our credit and debit card monthlies quit working. During the last several months we've had about half of our credit card monthlies sign up for a new monthly but we still have the other half to go. If you have a debit or credit card...

Many paid tribute on Tuesday to the 13 American service members who were killed four years earlier in the terrorist attack at Abbey Gate — and President Donald Trump led the charge. The attack was carried out by ISIS-K terrorists on August 26, 2021, and targeted the chaos and crowds at Hamid Karzai International Airport in Kabul, Afghanistan — chaos that might have been avoided altogether if President Joe Biden had not so badly botched the plan to end the war and evacuate American service members, civilians, and allies. Trump had announced one day prior that Tuesday would be set...

Around 900 migrants arrived in the UK under darkness after being picked up in the Channel over the bank holiday weekend, providing further proof of the failure of Labour's 'smash the gangs' policy. A total of 52,180 people have now arrived illegally in Britain since Sir Keir Starmer took office and ditched the Conservatives' Rwanda scheme - putting his faith instead in a vague plan to target people smugglers. Ministers confirmed today that the first arrivals have been detained in a new one in, one out deal with France, but critics warn its narrow scope means it will do little...

Looking past the man to his party of choice makes him even more frightening.With so much attention showered on the person of Zohran Mamdani following his shocking blowout victory in the New York City Democratic mayoral primary, it has been easy to overlook the underlying ideology of the party to which he belongs. And we are not talking about the Democrats, but the Democratic Socialists of America (DSA), which Mamdani proudly joined in 2017. But, you might say, Mamdani does not actually believe — or still believe — the most nakedly communist tenets of the DSA’s party platform, right? And...

Imagine if some of us still drove horse-drawn carriages for our daily commutes while others zoomed around in the newest-model cars. That is the gap — in terms of speed, technical innovation and consumer benefit — between how we use money today and what stablecoins promise. Recent analysis suggests that many Americans still have no idea what stablecoins are. But now that Congress has passed the bipartisan GENIUS Act — the first federal framework for stablecoins — rapid adoption is likely. Understanding how these digital dollars work will be not just helpful but necessary. Put simply, a stablecoin is a...

A white man lost it in a Walgreens after noticing the Mahogany line of greeting cards, calling the cards specifically designed for people of color “whack.” His brief rant launched a social media firestorm. What’s probably the weirdest thing about his meltdown is that such cards have been around since before the 1980s, so his outrage is coming more than 40 years after the cards first showed up in retail outlets. “Ya’ll I’m at Walgreens looking at freakin cards,” Drew Bishop370 originally posted on TikTok. Bishop thought Walgreens had just started selling the cards. Hallmark said its Mahogany line of...

A federal appeals court ruled on Tuesday that a Pennsylvania requirement for mail-in ballots with missing or incorrect dates to be tossed out is unconstitutional, upholding a lower district court ruling. A panel on the U.S. Court of Appeals for the Third Circuit upheld a March ruling from a federal district court in Pennsylvania that found the requirement did “not pass constitutional muster” in a lawsuit filed around the 2022 election. The Republican National Committee had appealed the lower court ruling, but a panel of three judges appointed by former presidents Joe Biden, Barack Obama, and George W. Bush rejected...

The previously classified documents are the focus of the current investigation into weaponization of American intelligence agencies against Donald Trump. Ironically, Democrats and deep-staters caught in the crosshairs are claiming that they are victims of weaponization and revenge.The Trump administration’s probe into weaponization of the intelligence community, beginning with the genesis of the fake Russia collusion allegations in 2016, has kicked into full gear this summer. Director of National Intelligence Tulsi Gabbard and FBI Director Kash Patel have declassified and released a mountain of documents shedding light on how the bureau's deeply flawed and politically-motivated Trump-Russia inquiry, known as...

https://babylonbee.com/news/genius-trump-enacts-plan-to-dumb-down-chinese-population-by-inviting-them-to-attend-american-universities WASHINGTON, D.C. — In yet another genius move designed to weaken a rival nation, President Donald Trump enacted a plan to dumb down the Chinese population by inviting them to attend American universities. Trump's plan was praised by national security experts, who cited it as a brilliant maneuver to reduce China's influence on global affairs in the long term by shrewdly allowing their students to be made substantially less intelligent at educational institutions in the U.S. "Pretty soon, Chinese kids will all be dumb, just as dumb as American students," the president reportedly told his advisors. "We'll let in...

A Democratic strategist outrageously claimed that public safety threats like migrant offenses and carjackings 'don't matter to that many Americans.' Insha Rahman, vice president of advocacy and partnerships at the Vera Institute of Justice, made the jarring declaration while addressing the Democratic National Convention (DNC) crowd during its summer meeting on Monday. The former public defender discussed Donald Trump's crime crackdown in Washington DC, calling his efforts a 'huge opportunity' for Democrats. You want to talk about the crime issues voters care about. Where does Trump go? Migrant crimes, carjackings, the really lurid, awful stuff that is a crazy, crazy...

Augusta National and The R&A have jointly announced that those hoping to qualify for The Masters and Open Championship will have the chance to via select national opens Augusta National, home to The Masters, and The R&A have announced, jointly, plans to align aspects of the qualification criteria for the Masters Tournament and The Open. Specifically, invitations (one year exemptions) will be awarded to winners, or top finishers, of select national opens, with the qualifying criteria beginning immediately. The specific home opens are: Current Scottish Open Champion Current Spanish Open Champion Current Japan Open Champion Current Hong Kong Open Champion...

DC under Trump = Pyongyang on the Potomac! That was the absurd analogy that CNN This Morning host Audie Cornish tried to make on Tuesday's show. Reacting to the news that there have been no murders in the capital for 12 days running under Trump's crime-fighting moves there, Cornish said as she held up the New York Post: "Actually, there's probably no murders in North Korea, too."Get the rest of the story and view the video here.

President Donald Trump wants Cracker Barrel to admit its mistake and ditch its disastrous attempt to sterilize its once-beloved brand and logo.The Americana culture and decor that defined Cracker Barrel for decades were put at risk recently when the company’s new woke CEO embraced a revamp that could cost the restaurant its customer base.In his business rescue plan posted to Truth Social on Tuesday, Trump encouraged the country cooking company to “go back to the old logo, admit a mistake based on customer response (the ultimate Poll), and manage the company better than ever before.”What started as a slow rollout...

President Donald Trump is embroiled in a multi-front battle with the Federal Reserve, America’s central bank. The latest episode includes Federal Reserve Governor Lisa Cook’s refusal to leave her position.On Monday, Trump announced that he “removed” Cook over allegations of mortgage fraud. In his letter announcing the move, Trump cited the Federal Reserve Act’s clause that says the president can fire a board member “for cause,” defined as misconduct or malfeasance.You’re FiredDirector of the Federal Housing Finance Agency Bill Pulte reportedly provided fuel for the allegations that Cook committed mortgage fraud. He referred the case to the Justice Department. According...

The fear-mongers on climate change are alive and well. The compliant media just repeat this made-up garbage every day, without questions. They should be embarrassed by such abject stupidity.Take a look at this article from July:Sounding the alarm over the financial impact for UK households, the Autonomy Institute thinktank said that climate-induced price increases for everyday food items risked pushing almost 1 million people into poverty without urgent government intervention.And of course the solution is not to eat meat; to drive cars powered by the flammable pollutant lithium; and giving up oil, natural gas, and coal. That has been the...

President Donald Trump announced that current Director of National Intelligence Tulsi Gabbard has uncovered bags of hidden documents related to corruption in the 2020 election. Trump, speaking in front of his administration as they continue a historic federal crime crackdown in Washington, D.C., and push for peace negotiations in the Russia-Ukraine war, directly addressed the bombshell findings. According to a statement by President Trump, these files contain “massive” evidence of wrongdoing and will soon be made public. President Trump: “And you’ve also found many bags of information. I think they call them burn bags. They’re supposed to be burned, and...

They tell us what is (and what isn’t) worth doing.Prices matter. Now, I’m a free market, capitalistic type, so of course I’m going to insist that everyone be tied down to mere gilt and pelf in how they live their lives. Yet it is still true that prices really, really matter.Let’s walk through why that’s true, regardless of your political tribe. Any one thing—any economic resource, fresh water, human labour, cash, capital itself and so on—can be used for a multitude of different things. At any one time, the market price for that thing is the balance between the supply...