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The man who trades freedom for security does not deserve nor will he ever receive either. – Benjamin Franklin
Walt Disney World Resort is in Hurricane Milton’s forecasted path. Analysts from Goldman expect closures and disruptions from the storm could cost the entertainment company between $150 million and $200 million this quarter.
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President Biden and Israeli Prime Minister Benjamin Netanyahu are holding a crucial phone call Wednesday morning focused on Israel’s plans to strike back at Iran for the Oct.1st ballistic missile attack, which saw some 200 warheads launched, many of which hit targets on the ground including key airbases.
It marks the first call since Iran’s attack, and also the first between the leaders in two months, and comes as Washington has signaled it is deeply worried that a bigger regional war could break out if Israel’s retaliation goes too far. The call is scheduled for 10:30ET. NBC is reporting that Vice President Kamala Harris will join the call.
The call comes amid some internal Israeli drama, given the open spat between Netanyahu and his Defense Minister. Netanyahu has forced Gallant to cancel a planned trip to Washington. It was set for Wednesday, and he was to meet with counterparts in the Pentagon about “ongoing Middle East security developments,” a Pentagon statement had indicated.
Read moreBiden Holds Phone Call With Netanyahu On Iran Strike Plans After Gallant Trip Blocked
Analyst and financial writer John Rubino has long warned of a massive financial crisis. With unstoppable wars in Ukraine and the Middle East, Rubino says one thing is for sure, “Chaos is coming.” Rubino explains, “This does not get fixed easily, and to the extent this gets fixed at all, this gets fixed via chaos. Prepare for a really interesting decade. This is going to be unlike anything we have seen in our lifetimes. Not since the Great Depression, nothing like this has happened.”
This all feeds into what Rubino calls the “shrinking trust horizon.” Rubino points out, “When everybody is lying to you, you reach a point where you only trust your city councilman, or your mayor and your local farmers. . . . So, you just don’t put any stock in what your doctor tells you. You stop taking the vaccinations they tell you to take. . . . You stop doing the . . . statins for high blood pressure and cholesterol. You stop doing that because you don’t trust those people anymore. . . . Starting with the “weapons of mass destruction,” which the government lied to us to get us into a multi-trillion dollar war in Iraq, it’s been one big lie after another. In 2016, there was Trump/Russia collusion. . . . It turned out to be Hillary Clinton opposition research. With the CV19 pandemic, it was just lie, after lie, after lie. . . . Now, you have what is going on in North Carolina and Tennessee after Hurricane Helene. People are figuring out they are being lied to one issue at a time. . . . You’ve got a whole new set of people watching the government screw up and behave incompetently or corruptly, and they are learning they cannot trust the guys in charge anymore. So, the trust horizon is shrinking everywhere you look.”
Read moreJohn Rubino: “Chaos Is Coming” – “Trust Horizon Is Shrinking Everywhere” (Video)
https://youtu.be/HZICOXRTBNs
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A huge corruption case was uncovered in Khmelnytskyi, western Ukraine, with authorities detaining the head of the Hmelnytskyi County Medical Center over allegations he accepted huge sums of money to offer medical exemptions to Ukrainian men to avoid being conscripted.
The official, Tetyana Krupá, was responsible for medical examinations in the area, according to Trancarpathian news outlet Kárpáti Igaz Szó, which produces news in the Hungarian language. The paper reveals that the suspect is also the Khmelnytskyi county representative of President Volodymyr Zelensky’s party, the Servant of the People.
During a search of the official’s home, the man was found with various currencies worth a total of $6 million, which is an extraordinary sum for Ukraine.
Officers found $5.24 million, €300,000, and 5 million hryvnias, which is Ukraine’s currency. In addition, jewelry and other valuables were seized.
During the arrest, authorities claim Krupá tried tossing bags of money out the window containing half a million dollars. A photo of his son arrested among stacks of money strewn across his bed has also been published, although it is unclear if the son was found like this by police or the photo was staged, possibly to shame the arrested family members. A video was also published with the son lying on the bed with the money.
Two weeks ago, Microsoft set the utility space ablaze – metaphorically speaking – when we learned that the tech giant had made a deal with Constellation Energy to restart the Three Mile Island nuclear power plant, site of the worst nuclear accident in US history. Constellation CEO Joe Dominguez said: “Policymakers and the market have received a huge wake-up call. There’s no version of the future of this country that doesn’t rely on these nuclear assets.” Indeed, back in April we forecast that the “Next AI trade“, i.e., going long the infrastructure that would make the AI revolution possible, would be far more lucrative than betting on the Nvidias, Dells and data centers of the world (which would also be a great trade, just not that great)…
The Next AI Trade https://t.co/3WxL99gq3L
— zerohedge (@zerohedge) April 2, 2024
… and so far we have been proven right: as shown below, the “Next AI Trade” as defined by us back in April, is not only up 25% in the past six months (congrats to those who put the trade on) but is the best performing AI basket YTD!
Of course: Microsoft was not the first to show that the way ahead is nuclear: back in March, Amazon Web Services acquired Talen Energy’s data center campus connected to the Susquehanna nuclear station in northeast Pennsylvania. Talen said it had sold the 960 MW Cumulus data center campus to Amazon for $650 million, setting the stage for countless similar transactions meant to provide power the insatiable AI sector, which gobbles up megawatts for breakfast, lunch and dinner.
Microsoft won’t be the last either: according to Bloomberg, the last of the Big 3 megacaps, Google, is working with utilities in the US and other countries to assess nuclear power as a possible energy source for its data centers, underscoring surging interest in using atomic energy to feed the artificial intelligence boom.
How many times do you need to see it before you believe it?
People don’t take these threats seriously and then they get either seriously harmed or die. The good news is that technology and warning have both seriously improved in the last 100 years; those who are killed by a natural disaster are down huge, 90% or more, over the last 100 years.
Read more‘Self-Rescue’ – Yes, You Need To Be Able To Do This…
Over the weekend, the Commander of the US Central Command (CENTCOM), General Michael Kurilla, arrived in Israel to “coordinate” with the Israeli military and plan a military strike against Iran. Think about that for a moment: one of the highest-ranking officers in the US military is planning a war in a foreign country against another foreign country which will be fueled by American weapons, American intelligence, and American tax dollars.
Did that foreign country – Iran – attack the United States or threaten Americans? No, it did not. What did Iran do to warrant a CENTCOM commander bringing the weight of the US military into play to plan a war – possibly WWIII? It retaliated against Israeli airstrikes including the assignation of a Hamas leader, Ismail Haniyeh, in Tehran.
It was the Israeli missile attack on Tehran – an unprecedented event – that set off this chain of escalation, but few would know if from media coverage. This war fever between Israel and Iran not only has nothing to do with us, but our increasing involvement actually hurts our national interests in the region.
Read moreRon Paul: American Neocons Get Their Iran War As Congress Sleeps
“You don’t need a weatherman to know which way the wind blows.”
– Bob Dylan
A water main breaks every two minutes somewhere in the U.S., resulting in contaminated drinking supplies and boil water notices.
One out of three bridges in the U.S. needs repair, endangering hundreds of millions of commuters. More than 42,000 bridges across the country, carrying about 167 million vehicles each day, are in disrepair.
It is estimated that 300 million people could face power outages across the United States between 2024 and 2028, due in large part to widespread power grid failures.
No wonder U.S. infrastructure received a C- on the Infrastructure Report Card.
America is falling apart.
Collapsing bridges, buckling roads, overheated railways, deteriorating power lines, contaminated water lines, outdated public transportation, overtaxed power grids, aging ports and waterways, unsafe tunnels and highways, and spotty or insufficient telecommunications assets are all becoming frequent hallmarks of the American way of life.
H/t reader Squodgy:
“It seems NORTH CAROLINA is THE major supplier of ….
QUARTZ…one of the most important minerals needed for modern electronics and the future….pointing again to Catherine Austin Fitts’ claim of a =n engineered land grab.”
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Five weeks after Brazil’s full Supreme Court upheld a nationwide ban on social media platform X, Supreme Court Justice Alexandre de Moraes on Tuesday authorized the restoration of service.
The move comes after X ultimately complied with all of de Moraes’ demands – including blocking certain accounts from the platform, paying outstanding fines, and naming a new legal representative, AP reports.
Elon Musk’s X was blocked on Aug. 30 after refusing to block certain accounts implicated in investigations of alleged spreading of distorted news and what court officials said is hate speech.
An estimated 20-40 million people use X in Brazil, a country of 213 million people.
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I am not a meteorologist. I am merely reporting facts as reported by meteorologists, such as: https://www.youtube.com/watch?v=JWT5aDqcHB0
I have lived on Florida’s Gulf Coast for a quarter century. I have experienced a number of hurricanes but not the high categories of recent years. Normally a hurricane originates in the Atlantic or Caribbean, crosses Cuba into the Gulf and then hits anywhere from Texas to Florida.
Milton originated as a minor disturbance in the Pacific, was lifted over Mexico and appeared as a hurricane in the Gulf itself between Mexico and Texas. It is unusual–perhaps unprecedented–for a hurricane to originate in the Gulf itself. The warm waters of the Gulf is where tropical depressions and tropical storms intensify into hurricanes as they enter the Gulf of Mexico from the Caribbean.
Milton intensified over Sunday night from a Category 1 to a Category 5 with current sustained wind speed of 160 mph and 200mph wind gusts which makes it almost an enormous tornado.
The meteorologist describes the rapid intensification and other aspects of the hurricane as “unprecedented,” “very rare,” “crazy.”
It seems that what we are presented with is a hurricane that began as a Category 1 hurricane inside the Gulf and became overnight a Category 5 that is expected to further intensify. “Unprecedented” does seem to be the right word.
Read morePaul Craig Roberts: Hurricane Milton Is So Unusual That It Does Not Seem Natural