Anonymous ID: be2a7a May 17, 2021, 6:59 a.m. No.54129   🗄️.is 🔗kun   >>4130 >>4134 >>4150 >>4183

SAM364 USAF C-32A departed JBA for Keflavik AB, Iceland

 

US Secretary of State Anthony Blinken to arrive in Iceland in advance of Arctic Council meeting

https://foreignbrief.com/daily-news/us-secretary-of-state-anthony-blinken-to-arrive-in-iceland-in-advance-of-arctic-council-meeting/

 

morning

Anonymous ID: be2a7a May 17, 2021, 7:07 a.m. No.54131   🗄️.is 🔗kun   >>4135 >>4150 >>4183

>>53910 pb Soros Bought $375MM Of The Shares That Archegos Was Liquidating

>>53914 pb AT&T Is Said in Talks to Combine Content Assets With Discovery

 

AT&T to bow out of media through $43 bln deal with Discovery

 

AT&T (T.N), owner of HBO and Warner Bros studios, and Discovery (DISCA.O), home to lifestyle TV networks such as HGTV and TLC, said on Monday they will combine their content assets to create a standalone global entertainment and media business.

 

Discovery Chief Executive David Zaslav will lead the proposed new company, which will span one of Hollywood's most powerful studios, including the Harry Potter and Batman franchises, news network CNN, sports programming and Discovery's unscripted home, cooking and nature and science shows.

 

Shares in Discovery climbed about 16% to $41.3 in premarket trade while AT&T stock rose about 4% to $33.67 after the announcement of the new company, which will be 71% owned by AT&T shareholders and 29% by Discovery investors.

 

AT&T said it will use the $43 billion proceeds from the tax-free spin off of its media assets to pay down its more than $160 billion of debt.

 

The name of the new company will be disclosed by next week, while other details, including the future role of WarnerMedia CEO Jason Kilar and how the combined properties and services will be arrange have yet to be worked out, executives said on a call with reporters after the deal was announced.

 

Monday's move marks the unwinding of AT&T's $108.7 billion acquisition of U.S. media conglomerate Time Warner in 2018, and underscores its recognition that TV viewership has moved to streaming, where scale is required to take on the likes of Netflix Inc (NFLX.O) and Walt Disney Co (DIS.N).

 

The deal is anticipated to close in mid-2022, pending approval by Discovery shareholders and regulatory approvals.

 

The new company is expected to see $3 billion in cost synergies and has no plans to sell any assets.

https://www.reuters.com/technology/att-merging-media-assets-with-discovery-create-streaming-powerhouse-2021-05-17/

Anonymous ID: be2a7a May 17, 2021, 7:11 a.m. No.54133   🗄️.is 🔗kun   >>4136 >>4150 >>4183

World Economic Forum cancels 2021 annual meeting

 

The World Economic Forum has cancelled its 2021 annual meeting scheduled for Singapore in three months time, the Swiss-based organisation said on Monday.

 

“Regretfully, the tragic circumstances unfolding across geographies, an uncertain travel outlook, differing speeds of vaccination rollout and the uncertainty around new variants combine to make it impossible to realise a global meeting with business, government and civil society leaders from all over the world at the scale which was planned,” it said in a statement.

 

The next annual meeting will instead take place in the first half of 2022. Its location and date will be determined based on an assessment of the situation later this summer, it added in a statement.

https://www.reuters.com/article/wef-singapore/world-economic-forum-cancels-2021-annual-meeting-idUSS8N2KO082

Anonymous ID: be2a7a May 17, 2021, 7:32 a.m. No.54141   🗄️.is 🔗kun   >>4150 >>4183

>>53797 pb

Another "load" in at Detroit Metro for Not AF1 Joe visit to Ford tomorrow

 

RCH804T USAF C-17 Globemaster on final approach turn for Detroit Metro Airport from JBA ground stop and load-in-origin of Charleston Int'l Airport earlier today

Anonymous ID: be2a7a May 17, 2021, 7:53 a.m. No.54145   🗄️.is 🔗kun   >>4150 >>4183

Trump Nears Deal With House on Deutsche Bank Subpoenas

 

Former President Donald Trump and House Democrats said in a court filing Monday that they are close to a deal resolving issues surrounding congressional subpoenas of his financial records from Deutsche Bank.

 

The parties are “continuing to engage in negotiations intended to narrow or resolve their disputes and believe they are close to an agreement,” the filing said. They asked a federal judge in New York for another 30 days to continue negotiations. The House Financial Services Committee and the House Intelligence Committee subpoenaed Deutsche Bank in 2019, seeking years of the president’s personal and business records. Trump challenged the subpoenas as an intrusion on his powers as presidents.

 

Though the U.S. Supreme Court ruled last summer that Congress had the power to seek evidence from the president, it said a lower appeals court failed to adequately consider Trump’s claims the demands were unnecessary and too intrusive.

https://www.bnnbloomberg.ca/trump-nears-deal-with-house-on-deutsche-bank-subpoenas-1.1604702

Anonymous ID: be2a7a May 17, 2021, 8 a.m. No.54148   🗄️.is 🔗kun   >>4150 >>4183

China extends tariff exemption for U.S. imports ahead of trade talks

 

China will extend a tariff exemption for dozens of products imported from the United States, the Finance Ministry said Monday, amid expectations the world's two major powers may resume their trade talks in the near future.

 

The move is apparently aimed at preventing relations between Beijing and Washington from deteriorating further ahead of the possible first trade negotiations under President Joe Biden's administration, launched in January. The 79 items include rare earth ore, gold ore and medical sterilization, according to the ministry. The exemption will be extended from Tuesday until Dec. 25. Such products were previously exempted from the additional tariffs China imposed on U.S. imports to retaliate against the United States for escalating a bilateral trade dispute. China has also extended exemptions for other U.S. items so far.

 

In February last year, a "phase one" trade deal between Beijing and Washington took effect, which requires discussions on the development of the agreement every six months. But their trade talks have been stalled since August last year.

https://english.kyodonews.net/news/2021/05/3761d00550e9-china-extends-tariff-exemption-for-us-imports-ahead-of-trade-talks.html

Anonymous ID: be2a7a May 17, 2021, 8:22 a.m. No.54156   🗄️.is 🔗kun   >>4158 >>4160 >>4183

Gold Surges To 3-Month Highs As Bitcoin Loses $45k

 

Silver +0.68 +2.46%

Never eber mention it...kek

 

As bitcoin has been battered lower in recent weeks, the original 'alternative' currency has soared to its highest since January.

 

Bitcoin dropped below $45,000 for the first time since February amid Elon Musk's comments, back at the levels before Musk's initial bitcoin comments. And Gold futures just touched $1865, its highest since January 31st. So the barbarous relic is trumping new digital gold once again... for now

https://www.zerohedge.com/crypto/gold-surges-3-monthhighs-bitcoin-loses-45k

Anonymous ID: be2a7a May 17, 2021, 8:59 a.m. No.54170   🗄️.is 🔗kun   >>4183

War Of Words Over Inflation Stirs Questions for the Fed

 

The war of words unleashed on Wall Street and in Washington by Wednesday’s announcement of an unexpectedly high rate of consumer price inflation is escalating by the day.

 

Legendary hedge fund manager Stanley Druckenmiller had warned on Tuesday in the Wall Street Journal that the Fed was enabling fiscal and market excesses by not standing up to the political whims of Congress; he stated on CNBC that the Fed’s overly accommodative monetary policies posed a risk to the status of the United States dollar as a global reserve currency. Refuting such concerns, Paul Krugman asks today in his column for the New York Times whether President Biden should scrap his entire economic agenda merely because the spike in consumer prices as reported by the Bureau of Labor Statistics was bigger than expected. “OK, I’m being a bit snarky here, but only a bit,” Mr. Krugman concedes. Snarky is hardly the word for the crass deprecations he offers in his concurrent newsletter, wherein he notes “a lot of buzz around how the Fed’s wanton abuse of its power to create money will soon lead to runaway inflation.” The Nobel laureate dismisses fears of monetary debasement as being anchored in neither fact nor logic but rather attributable to an “infestation of monetary cockroaches.”

 

What seems to be missing in the debate over whether the inflation number itself is alarming as a bellwether — some were disconcerted when the Fed’s vice chairman, Richard Clarida, admitted that it “surprised” him — is the larger question of government competence in steering the economy. Does it make sense, for a nation founded on the notion of individual liberty, equality under the law, and personal property rights, to allow a government agency to manipulate the value of the currency used by its citizens? Would it be better to have a stable monetary foundation to facilitate free-market outcomes, rather than empower the Federal Reserve to distort interest rates and dilute dollars in the service of government policy? It’s not as if we haven’t been here before. The question of whether rules-based monetary stability historically delivers better economic results in terms of increasing middle-class incomes than relying on the discretionary judgment of central bankers has been wholly analyzed and resolved. In the 2015 Economic Report of the President issued under the Obama administration, a special section describes the period from 1948 to 1973 as the “Age of Shared Growth” — characterized by accelerating labor productivity, falling income inequality, and increased workforce participation.

 

The report makes little mention of the fact that this period of remarkable growth, which increased living standards across all income levels, coincided with the existence of the Bretton Woods international monetary system under which the U.S. dollar was convertible into gold at a fixed price. The report does posit that if post-1973 productivity growth had continued at its pace from those previous 25 years, “incomes would have been 58% higher in 2013” and “the median household would have had an additional $30,000 in income.” All of which should give pause to those who belittle the uneasiness felt by conservatives who fear that compromising monetary integrity not only violates founding principles but also economic rationality. And it’s not just conservatives per se, but rather an increasingly larger segment of the population expressing concerns about the wisdom of government officials and the correctness of government policies. The momentum behind the rise of cryptocurrencies is being fueled by populist aspirations to decentralize finance in the name of democracy — in radical defiance of central bank polices that are perceived as favoring big investors, big business, and big government. Even as the Fed appears to be signaling its willingness to comply with a progressive agenda that would enlist our nation’s central bank in efforts to focus on climate change or systematic racism, there is growing skepticism that the solution to such problems is to be found in Fed purchases of Treasury debt and government-backed mortgage securities.

 

In short, while economists and policy makers bicker about the implications of an inflation number that raised eyebrows for some, bile for others, and now has become a marker for questioning the infallibility of government management of the economy, most Americans are left wondering what it means for their own financial well-being and prospects. Some may even start questioning whether Fed officials’ insistence that being “patient” about tolerating higher inflation “for some time” until there is “substantial progress toward our goals” provides meaningful forward guidance.

https://www.aier.org/article/war-of-words-over-inflation-stirs-questions-for-the-fed/