Free Republic

Republicans in the House are planning to use a potential showdown next year over raising the federal debt limit to make changes in Social Security and Medicare, Bloomberg’s Jack Fitzpatrick reports.

A Columbia university Economics professor was censured during a live TV interview when he suggested that US and Poland might be responsible for the mysterious leaks on the Nord Stream gas pipeline.He further claimed that several journalists have reported insinuating Washington for the sabotage of pipelines

A Bloomberg TV host pushed back against Columbia University economist Jeffrey Sachs on Monday when he suggested that the U.S. and Poland are probably behind the destruction of the Nord Stream pipeline. "A lot of the world is watching these events in horror," Sachs said. "They view this as a horrible clash between Russia and the U.S. They don't see this, as we do in the media, as an unprovoked attack by Russia on Ukraine." "Most of the world doesn't see it the way we describe it. Most of the world is just terrified right now, frankly," he added. "The...

JEFFREY SACHS: I was attacked in The Atlantic for being on the side of peace. And I confess, I'm on the side of peace. I'm very worried we are on the path of escalation to nuclear war, nothing less than that. Russia feels that this war is at the core of its security interests. The United States insists it will do anything to support Ukraine's defeat of Russia. Russia views this as a proxy war with the United States. Whatever one thinks about this, this is the path of extraordinary, dangerous escalation. And I am very fearful. A lot of...

At least Zuckerberg’s millions were laundered through nonprofits with grant procedures in place. Emails suggest Bloomberg just used liaisons to coordinate the funding. A prominent professor of election law served as an intermediary between Democrat billionaire Michael Bloomberg and the Philadelphia election board, attempting to broker as much as $3 million in private funding for the Democrat stronghold mere months before the 2020 election, emails obtained by investigative journalist Todd Shepherd reveal.Reporting for Broad + Liberty on Sunday, Shepherd unveiled a series of email communications between Stanford Law Professor Nathaniel Persily and Nick Custodio, the latter of whom was...

The same liberal billionaire who’s spending a fortune trying to get the plebeians to eat synthetic beef and quit using fossil fuels is now admitting he can’t force them to adopt eco-extremist habits. Microsoft co-founder Bill Gates clapped back at eco-extremists wielding climate change as a “moral crusade” to force people to change their consumption habits. He conceded on the Sept. 29 edition of the Bloomberg Zero podcast that it wasn’t “realistic to say that people are utterly going to change their lifestyle because of concerns about climate.” Host Akshat Rathi had asked Gates if a “social and political revolution"...

<p>Joe Biden is doing all he can to detach the cost of an education from the value of an education.</p><p>Amid the stir caused by President Joe Biden’s plan to cancel student loan debts, far too little attention has been paid to another far-reaching reform: the administration’s change to a lending program known as income-driven repayment (or IDR). If widely applied, Biden’s proposal would provide additional relief to millions of borrowers — and make the U.S. student loan system even costlier and more dysfunctional than it already is.</p>

Liberal billionaire Bill Gates embarked on a campaign to woo Sen. Joe Manchin (D-WV) in an attempt to gain his support for President Joe Biden’s massive climate bill, according to a new report. A new Bloomberg Green report exposed a years-long behind-the-scenes pressure campaign by Gates to influence the senator into supporting his leftist climate agenda. Recently, when it appeared that Manchin was set to sink massive left-wing legislative efforts that included “climate or tax provisions” last month, Bloomberg Green said that Gates “felt he had to give one of the nation’s most powerful lawmakers a little pep talk,” referring...

Happy Recession Day, everybody! Over the past several days, we’ve watched with great interest to see just how the media would find a way to downplay our ongoing economic downturn under President Joe Biden. We’ve seen plenty of hackery already, but we new that the real spectacle wouldn’t get underway until the numbers officially came out. Well, the numbers officially came out, and the GDP shrank by 0.9% in the second quarter. That’s a recession, folks. Earlier this week, Erick Erickson made an observation about the media’s treatment of the Biden administration’s shameless attempts to redefine “recession”: We're about to...

A Google developer was recently fired for revealing that the tech giant’s AI bot had a mind of its own. The trigger that made him realize that the technology was sentient was a joke it made about Israel not belonging to any religion. In a recent interview with Bloomberg, former Google developer Blake Lemoine explained how he arrived at the conclusion that Google’s AI system, LaMDA was sentient and how a witty response about Israel being run by a philosophy based on a science fiction movie. As part of the process, Lemoine would continually challenge artificial intelligence with nuanced questions...

Western governments have allocated well over $100 billion to prop up Ukraine in its war against Russia, with countless billions more flooding into the country at an increasing pace. Yet as each day passes, it’s becoming more and more clear that all of the money awarded and assigned to Ukraine continues to dissolve into a black hole of secrecy, corruption, deceit, and now, default. On Wednesday, Ukraine finance ministry asked foreign creditors to accept a delay in its debt repayments, requesting a two year freeze on billions of dollars in Eurobonds. Per the Financial Times, “a rescheduling would amount to...

VIDEOThis video will make you want to take the cell phone that "Bloomberg Surveillance" host Tom Keene was playing with during a crucial part of an interview and smack him over the head with it. The interview was with Heather Boushey, a member of the Council of Economic Advisers that works out of the White House, and when she begins talking about the Strategic Petroleum Reserve, Keene was paying attention to the cell phone. Whether he was doing that on purpose or because he is too lazy to PAY ATTENTION is an open question but what is important is that...

Bloomberg.com published a story today headlined “Age of Scarcity Begins With $1.6 Trillion Hit to World Economy” which led Steve Bannon to go on a rant about how this should be an Age of Abundance, and it was — under President Trump! He’s joined in the first segment by economist Dave Brat, the dean of the Liberty School of Business, for an explanation of how we got here. In Part 2, watch energy consultant Dave Walsh talk about how the crisis is just getting started. Just wait until fall when our farmers take in the harvest, which will be...

As Elon Musk attempts to purchase Twitter, many journalists and political commentators have viewed the Tesla CEO's plans to take over the social media giant as detrimental, and have slammed the idea of billionaire ownership, yet several liberal media organizations are themselves owned by billionaires. The Washington Post Amazon founder and billionaire Jeff Bezos purchased the Washington Post in 2016 for $250 million. The Atlantic Laurene Powell Jobs, the widow of Steve Jobs, became the majority owner of The Atlantic in 2017. TIME Marc Beinoff, the billionaire CEO of Salesforce, and his wife Lynne, purchased TIME in 2018 for $190...

CAIRO, April 14 (Reuters) - Saudi Arabian investor Prince Alwaleed bin Talal said on Thursday that as one of the major shareholders in Twitter he rejected a takeover bid by billionaire entrepreneur Elon Musk. "I don't believe that the proposed offer by Elon Musk ($54.20 per share) comes close to the intrinsic value of Twitter given its growth prospects," the prince said in a Twitter post. Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media giant needs to be taken private to grow and become a...

The rise of Covid cases in some regions of the U.S., just as testing efforts wane, has raised the specter that the next major wave of the virus may be difficult to detect. In fact, the country could be in the midst of a surge right now and we might not even know it. Testing and viral sequencing are critical to responding quickly to new outbreaks of Covid. And yet, as the country tries to move on from the pandemic, demand for lab-based testing has declined and federal funding priorities have shifted. The change has forced some testing centers to...

A Bloomberg Opinion senior columnist’s skewed portrayal of “free speech” after Elon Musk’s big investment in Twitter shows how ignorant media leftists are to American principles. Timothy O’Brien published a tone-deaf piece headlined: “Elon Musk’s Twitter Investment Could Be Bad News for Free Speech.” Musk, worth around $280 billion as of late Wednesday morning, bought a sizable 9.2 percent stake in Twitter, totaling 73,486,938 shares, which makes Musk the platform’s biggest shareholder. O’Brien fretted in response. “I suspect there’s something more serious informing Musk’s decision to invest in Twitter, even if he revels in buffoonery: Maybe he wants to bring...

@business JUST IN: President Joe Biden called for regime change in Russia, saying in a speech in Poland that Vladimir Putin “cannot remain in power” after the Ukraine invasion

In Bloomberg Opinion’s world, inflation would hurt Americans less if they simply took the bus, ate lentils and let their pets die from cancer. The poor need to behave, after all.