Free Republic

The energy company behind a partially completed wind farm off Long Island’s coast warned it will scrap the project “within days” if it’s kept in limbo by the Trump administration. Norwegian-based Equinor said it’s losing a whopping $50 million a week since Trump’s Department of the Interior halted construction on the controversial project that is expected to deliver energy to 500,000 homes in New York City, its leaders told The Post. “We will have to terminate the program within days if we don’t have a resolution with the federal government,” said Molly Morris, Equinor’s president of Renewables in America. “This...

ESPN personality Stephen A. Smith has taken a break from giving career advice to NFL coaches and NBA players and decided to give some advice to the Democrat Party. His advice? “Shut up.” Speaking on the most recent edition of the Stephen A. Smith Show podcast, the multi-million dollar hot-take artist blamed Democrats for proving the voters’ lack of trust in the Democrat Party to be accurate.

BANGOR, Maine (WABI) - Stephen King’s radio stations are signing off for good at the end of the month. The Zone Corporation announced Monday morning that after 41 years of King’s ownership, Bangor area channels WZON, WKIT, WZLO will sign off on Dec. 31. In a press release, King cited losses in the millions of dollars and his advancing age as reasons for the shut down. “While radio across the country has been overtaken by giant corporate broadcasting groups, I’ve loved being a local, independent owner all these years,” said King. “I’ve loved the people who’ve gone to these stations...

Sen. Chris Murphy (D-Conn.) offered his thoughts on Democrats’ losses in this year’s elections in a Sunday thread on the social platform X. “We are out of touch with the crisis of meaning/purpose fueling MAGA,” Murphy said in the thread. “We refuse to pick big fights. Our tent is too small.” The Connecticut Senator noted multiple issues he thinks the American left is struggling with when it comes to reaching voters, including having “never fully grappled with the wreckage of fifty years of neoliberalism” and moving “past the way people are feeling (alone, impotent, overwhelmed) and straight to uninspiring solutions.”...

WASHINGTON — Ted Colbert, chief executive of Boeing’s defense unit, exited the company today effective immediately amid the unit’s continued poor performance and crippling financial losses. Steve Parker, Boeing defense’s chief operating officer, will take on leadership at the unit while the company seeks out a permanent replacement, Boeing CEO Kelly Ortberg said in a memo to employees. “I want to thank Ted for his 15 years of service at The Boeing Company, supporting our customers, our people and our communities,” Ortberg said in the memo. “At this critical juncture, our priority is to restore the trust of our customers...

WASHINGTON (Reuters) -U.S. Representative Adam Schiff, a California Democrat who is running for the Senate, warned donors in a private meeting that his party was likely to suffer major losses if President Joe Biden continued his reelection campaign, the New York Times reported on Tuesday, citing two unnamed sources. "I think if he is our nominee, I think we lose," the Times reported, citing a person with access to a transcription of a recording of the event, a Saturday fundraiser in New York. "And we may very, very well lose the Senate and lose our chance to take back the...

CEO Bob Bakish announced layoffs at the media company Thursday, citing a need to “operate as a leaner company and spend less.” “Our priority is to drive earnings growth. And we’ll get there by growing our revenue while closely managing costs — a balance that will require every team, division and brand to be aligned,” Bakish said in a memo to employees.

Financial statements of the US Federal Reserve, which consists of the board of governors in Washington and twelve district reserve banks across the country, indicate that the consolidated system has generated both capital and operating losses for the past couple of years. The Fed was created in 1913 to issue and circulate an “elastic currency” that could respond to consumers’ demand for cash, end bank runs known then as “money panics,” and serve as a “lender of last resort” to the nation’s commercial banks. How is it possible that the Fed could be losing money after one hundred years of...

"My prayers are with the patriots we have lost," the defense secretary said. Five American service members were killed in a crash late Friday after their helicopter had a "mishap" during a training exercise and went into the eastern Mediterranean Sea, the military said Sunday. Two officials confirmed that the five were Army special operations soldiers, as first reported by The New York Times and Washington Post. Search and rescue efforts went into Saturday before being called off, according to the officials. Department of Defense officials on Monday identified the service members as Chief Warrant Officer 3 Stephen R. Dwyer,...

Goldman Sachs predicts credit card losses will continue to climb through the end of 2024/early 2025. What is unusual is that the losses are accelerating outside of an economic downturn, the firm said. Credit card losses currently stand at 3.63%, up 1.5 percentage points from the bottom. Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis, according to Goldman Sachs. Credit card losses bottomed in September 2021, and while initial increases were likely reversals from stimulus, they have been rapidly rising since the first quarter of 2022. Since...

Russia's air force has lost 90 planes since the start of the war in Ukraine and is becoming less formidable by overworking its jets, UK intelligence said. The British Ministry of Defence said in its latest daily intelligence update on Thursday that Russia is quickly depleting its fleet of warplanes through overuse because the conflict is dragging on for much longer than anticipated. "All aircraft have a projected lifespan, in flying hours," the update said, adding that it's highly likely that with the extra use, Russia is "eating into many of its airframes' lifespans" far more quickly than planned for....

Disney is suffering the consequences of injecting ‘woke’ far-left propaganda into its film productions after reports its stock fell to a 9 year low. The company’s stock fell to a 9-year low as consumers not only complained about the LGBT propaganda laden with its kid’s films but also the poor story quality and hostility towards conservatives. The ‘woke’ messaging in Disney’s films includes: Mary Sue stories designed to bolster false feminist premises while denigrating men Critical Race Theory is an attempt to exploit negative race relations Race swapping of established white characters for the sake of virtue signaling Use of...

The Republican Party appears to be following the playbook of those storied lemmings that rush to the edge of the cliff and throw themselves off in a suicidal frenzy. You’d think that Gov. Ron DeSantis (R-Fla.) would have warned his party that the lemming myth was a misleading invention of the Disney Company, not to be copied. Yet, as the 2024 elections approach, the GOP is doubling down on positions that will cause them great heartache on election day. The main problem for most of the party’s presidential contenders is sheer cowardice. Other than former New Jersey Gov. Chris Christie,...

The floundering Walt Disney Company’s Disney+ streaming service is expected to record a $800 million third-quarter loss. That’s nearly a billion dollars lost in a single quarter. I tell ya, Disney’s slow-motion collapse is more entertaining than anything these child predators have created in years. Apparently, grooming little kids doesn’t pay. Who knew? In better news, Disney stock took a dive after it was announced disgraced CEO Bob Iger extended his contract to 2026. The smart money knows Groomer Bob is not good for business. Wanna good laugh? The Disney sycophants in the corporate media have been portraying these massive...

Box office analyst and YouTuber Valliant Renegade has estimated that the Walt Disney Co. has lost $890 million on the last eight studio releases, including the woke Little Mermaid remake and Elemental, an anti-racism animated film featuring a non-binary character. The films contributing to the losses include “Lightyear,” “Thor: Love and Thunder,” “Strange World,” “Black Panther: Wakanda Forever,” “Ant-Man and the Wasp: Quantumania,” “Guardians of the Galaxy Vol. 3,” “The Little Mermaid,” and “Elemental.” Valliant Renegade said that the eight films cost roughly $2.75 billion but only brought in $1.86 billion. “That can’t go on forever. It’s just simple numbers,...

San Francisco lost a higher percentage of residents during the pandemic between the ages of 25 and 29 than any other population group, followed closely by residents between the ages of 30 and 34, Census data show. The San Francisco Chronicle reports that the city’s biggest percentage losses were among the age cohort that makes up the bulk of entry-level jobs — and that is also responsible for starting young families: Newly-released U.S. census data shows that the city’s biggest population losses from 2020 to 2022 came from residents in their late 20s and early 30s. The data shows that...

Target's market capitalization has shed more than $8 billion in the past week as investors weigh the impact of conservative backlash to the retailer's LGBT collection for Pride Month. On May 17, before the controversy exploded, Target shares closed at $160.96, giving the retailer a market valuation of roughly $74.3 billion. On Wednesday the stock closed at $143.10, down 11.1 percent from a week earlier, for a market cap of $66.1 billion, down $8.2 billion from a week earlier. The shares dropped a further 2 percent in early trading on Thursday and sat near a 52-week low. Meanwhile, presidential candidate...

The U.S. Federal Reserve has revealed that 722 banks reported unrealized losses exceeding 50% of their capital at the end of the third quarter of 2022. “Rising interest rates are creating significant unrealized losses in investment securities and in some cases depressing tangible equity,” according to the Fed’s Division of Supervision and Regulation. 722 Banks Reported Unrealized Losses of More Than 50% of Capital The U.S. Federal Reserve has revealed in a board presentation by the Division of Supervision and Regulation that 722 banks reported unrealized losses exceeding 50% of their capital at the end of the third quarter of...

Virginia Gov. Glenn Youngkin’s (R) political brand is facing a potential setback after a series of disappointing GOP losses in the commonwealth. The latest blow came earlier this week, when Democrat Aaron Rouse flipped a GOP seat in Virginia’s Senate, bringing the Democratic majority to 22-18 in the chamber. Youngkin had thrown his endorsement behind Republican challenger Kevin Adams, who lost the state’s 7th Senate district, previously held by now-Rep. Jen Kiggans (R-Va.) by 348 votes. That followed the party’s underwhelming performance in the state during November’s midterms. “He’s yet to be successful in transferring his popularity around the state,”...

Bed Bath & Beyond on Tuesday posted wider quarterly losses than expected as its chief executive acknowledged the struggling retailer’s turnaround plan had not achieved its goals. Days after the company warned of potential bankruptcy, it painted an even more dire picture of its finances. Bed Bath lost $393 million during the fiscal third quarter, it said Tuesday, worse even than the $385.8 million quarterly loss it projected just last week and a 42% increase from year-ago losses. Bed Bath’s net losses have now exceeded $1.12 billion for the first nine months of the fiscal year.