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JPMorgan Chase just issued a major warning to its 86 million customers. The banking giant says a list of new regulations from Washington, D.C. will force the company to begin charging customers for checking accounts, reports the Wall Street Journal. The bank cites proposed regulations from the Consumer Financial Protection Bureau and the Federal Reserve, which are pushing for new caps on credit and debit card late fees and higher capital reserves, as primary catalysts that would push the bank to eliminate free checking services.

The Supreme Court ended its term divided into partisan blocs, with the Republican appointees ruling in favor of former President Trump’s claim of immunity while the three Democratic appointees voiced a bitter dissent. It’s exactly the result many critics of the court might have expected, with politics driving the law. It’s also what Chief Justice John G. Roberts Jr. has tried hard to avoid — at least most of the time. For much of this year, Roberts and the justices succeeded in defusing partisan splits with narrow or procedural rulings. By a 9-0 vote, they threw out a Texas lawsuit...

For years, conservatives have railed against what they call the “administrative state” and denounced regulations. But let’s be clear. When they speak of the “administrative state,” they’re talking about agencies tasked with protecting the public from corporations that seek profits at the expense of the health, safety, and pocketbooks of average Americans. Regulations are the means by which agencies translate broad legal mandates into practical guardrails. Substitute the word “protection” for “regulation” and you get a more accurate picture of who has benefited — consumers, workers, and average people needing clean air and clean water..... Make no mistake: Consumers, workers,...

Washington could grant Chevron approval to significantly boost oil production in Venezuela as early as this weekend, if the government of Nicolas Maduro resumes talks with the opposition. This potential would mean an easing of sanctions against Venezuela at a time when the United States is pushing for higher oil production to ease soaring prices. Easing sanctions on Venezuela is among the only options left to the Biden administration to increase oil production. OPEC+ has refused to heed Washington’s calls for a production hike; instead, cutting production by 2 million bpd through the end of the year. Sanctions will not...

The Biden administration is set to give Chevron Corp. a license to pump oil in Venezuela, according to The Wall Street Journal. As part of the deal, Chevron would retain partial control of both production and maintenance for a select set of run-down oil fields it previously had stakes in with Petróleos de Venezuela SA, a state-run oil company in Venezuela, according to the WSJ, citing people familiar with the matter.

Today, the Supreme Court voted to overrule the so-called Chevron deference in a 6-3 decision. The ruling is a HUGE victory for those who hate the massive power the administrative state has amassed in recent decades. Chief Justice John Roberts, writing for the majority, concluded: "The Administrative Procedure Act requires courts to exercise their independent judgment in deciding whether an agency has acted within its statutory authority, and courts may not defer to an agency interpretation of the law simply because a statute is ambiguous; Chevron is overruled."In the most basic terms, the Chevron deference (also called the Chevron doctrine)...

After the US Supreme Court curtailed the powers of federal agencies in two cases last week, progressive critics predictably complained that the decisions favored “big business,” “corporate interests” and “the wealthy and powerful.” That gloss overlooked the reality that people with little wealth or power frequently are forced to contend with overweening bureaucrats who invent their own authority and play by their own rules. In the more consequential case, the court repudiated the Chevron doctrine, which required that judges defer to a federal agency’s “permissible” interpretation of an “ambiguous” statute. The majority said that rule, which the court established in...

Mercifully, the Chevron doctrine was euthanized by the USSC. A lot has been prohibited by unelected petty bureaucrats. Ok, so what can we have again? Add to the list.

The Supreme Court continues to hear major cases involving the administrative state. As federal agencies assert ever stronger powers, the Court is evaluating new questions and reconsidering old ones. This questioning has been phrased mainly in terms of our constitutional founding, and rightly so. As Chief Justice John Roberts wrote in 2013, the “Framers could hardly have envisioned today’s ‘vast and varied federal bureaucracy’ and the authority administrative agencies now hold over our economic, social, and political activities.” But when the justices heard their last big administrative-state case—November’s SEC v. Jarkesy—they turned to more recent history. In that case, the...

SAN RAMON, Calif. & NEW YORK, October 23, 2023 — Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is $60 billion.

The state of California is suing five big oil companies and the trade group that represents them for decades-long deception about the correlation between fossil fuel production and climate change. The lawsuit was filed on Friday by the California Attorney General in San Francisco superior court. California’s complaint joins a wave of climate litigation nationwide but could further open the legal floodgates on climate action against oil firms.

Overruling Chevron won't gut the administrative state or even severely constrain it. But it could help strengthen the rule of law. Supreme Court decided to hear Loper Bright Enterprises v. Raimando, a case that raises the prospect that the Court might overrule Chevron v. Natural Resources Defense Council, which requires federal judges to defer to administrative agencies' interpretations of federal laws, so long as Congress has not addressed the issue in question, and the agency's view is "reasonable." Some legal commentators are, depending on their ideology, excited or appalled by the prospect that Chevron might be overruled. Advocates of reversal...

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National Republican Senatorial Committee (NRSC) chairman Sen. Steve Daines (R-MT) warned in an exclusive interview with Breitbart News last month that the Democrats have “radical” power-grabbing plans for the United States if they hold the majority in the upper chamber of Congress. When asked what the plan is for Republicans to combat that potential by retaking the U.S. Senate majority, Daines — the man who leads the NRSC, the party committee charged with doing so — laid out how close the margins are in the chamber right now, but how very far apart the two parties are ideologically.

Justice Sotomayor’s reaction to the SCOTUS immunity decision reveals a disturbing development in the nation’s ultimate Constitution-interpreting body. “You Americans, you are so naïve,” Joseph Brodsky, a Soviet dissident who was also a Nobel laureate in literature, is supposed to have said to students of his at Columbia sometime in the seventies or the eighties. “You think evil is going to come into your houses wearing big black boots. It doesn’t come like that. Look at the language. It begins in the language.” For people who take an idea like this seriously, the twelve hours following the release of the...

Economic Benefits of a Revitalized Energy Sector O’Leary pointed out that a strong energy sector is crucial for economic stability and growth. He mentioned that efficient energy infrastructure, like pipelines delivering gas to international markets, could significantly reduce national debt. He also suggested that a robust oil and gas industry could lead to energy security and vibrant economic outcomes, benefiting not just the industry but the overall economy. A Resurgence in Fossil Fuel Investments Kevin O’Leary’s insights suggest that the recent Supreme Court ruling could significantly alter the landscape for the oil and gas industry. By potentially curbing regulatory overreach...

Larry wrings his hands because Jack Smith's classified documents case was blown to smithereens by the USSC decision. 2 minute 25 second video. PS - Larry looks like a cadaver from a Tim Burton movie.

Some unhinged leftist tic tocker threatens Donald Trump and Clarence Thomas. Will the FBI and secret service do anything about it?

Last month, the U.S. Supreme Court issued a temporary order ruling that, despite Idaho’s efforts toward protecting the unborn, the state must allow expecting mothers access to “emergency abortions” in cases where health is compromised. On Tuesday, in step with the SCOTUS ruling, the Biden administration released an “Emergency Abortion” letter arguing that hospitals should be able to terminate pre-born babies. This letter, which was sent to various medical professionals, portrayed abortion as a “stabilizing treatment” no woman should “be denied.” Health and Human Services (HHS) Secretary Xavier Becerra and Centers for Medicare and Medicaid Services Director Chiquita Brooks-LaSure wrote...

Sonia Sotomayor is the John (Reporting for Duty) Kerry of Supreme Court Justices. Kerry and Sotomayor both think the military is full of morally bankrupt, uneducated dunderheads. The military is comprised of a bunch of unthinking automatons who know how to make guns go pew pew and blindly follow orders. Blame Barack Obama.Barack Obama nominated Sotomayor to the Supreme Court in 2009 by Obama. A remark the judge made about a “Wise Latina” became widely known and a point of contention during the Confirmation Hearings:“I would hope that a wise Latina woman with the richness of her experiences would more...