tyb
Greeks, Slovanians, Czechs, Croatians departing Lisbon with LAGR341 NATO KC-135 tanker to the nw
Belarus: EU ministers begin talks on fresh sanctions
EU foreign ministers are discussing a new round of economic and sector-specific sanctions for Belarus, during informal talks on Thursday in the Portuguese city of Lisbon. German Foreign Minister Heiko Maas said that he expected to see significant sanctions. If Belarusian President Alexander Lukashenko does not make concessions, "one must assume that this will be just the beginning of a large and long spiral of sanctions," Maas said ahead of the meeting. He described Lukashenko's behavior as "so unacceptable" that the EU would not be satisfied with smaller sanctions steps.
https://www.dw.com/en/belarus-eu-ministers-begin-talks-on-fresh-sanctions/a-57682298
kek
Fed's Reverse Repo Hits All Time High $485BN As Reserves Flood System
We knew it would be a crazy day for today's reverse repo early this morning, when the overnight GCF repo rate traded at -0.01% and refused to rise, an indication that there was far too much money chasing good collateral. Looking at the scramble for repo, interbroker dealer Wrightson ICAP said on Thursday morning that it saw Reverse Repo volumes rising to around $470 billion Thursday, though the risks are “still tilted to the high side.”
They were, because moments ago the Fed announced that at 1:15pm some 50 counterparties (up from 46 on Wednesday) parked $485.329BN in reserves with the Fed (in exchange for the generous rate of 0.000%), which was up $35BN overnight, up $134BN in the past week, and the highest on record!
As for the immediate market implications they are even more ominous: either the Fed will have to hike the IOER fast or rates will soon go negative. Worse, with the Fed still planning to do at least $1 trillion in QE even assuming a December taper, and potentially as much as $2 trillion based on the latest just released Fed "forecast", there is simply no place to park all of these reserves.
https://www.zerohedge.com/markets/feds-reverse-repo-hits-all-time-high-485bn-reserves-flood-system
https://apps.newyorkfed.org/markets/autorates/temp
>>47697 pb Federal Reserve Bank of New York Reverse Repo(s) April 8-23: $625.35B
>>49822 pb Federal Reserve Bank of New York Reverse Repo Operations April 26-30: $766.523B
>>51731 pb Federal Reserve Bank of New York Reverse Repo Operations week of May 2nd, 2021-$757.09b
>>53526 pb Federal Reserve Bank of New York Reverse Repo Operations Week of May 9th-$1.042T
>>55522 pb Federal Reserve Bank of New York Reverse Repo Operations Week of May 16th-$1.46T
>>57162 pb
EXEC1F USAF C-32A departed Grand Rapids, MI on descent for Kansas City, MO
COBRA04 USAF Cobra Ball that left Lincoln, NE yesterday in front of the storm is returning from Minot AFB, ND
>>57086
the two Nightwatch AC's also moved from Lincoln
Yellen pitches $13B budget increase for IRS as White House looks to crack down on tax cheats
Yellen noted that an estimated $7T in tax revenue will go uncollected in the next decade.
Treasury Secretary Janet Yellen on Thursday asked Congress to approve an additional $13.2 billion in funding for the IRS, which has seen its budget gutted over the past decade. While testifying before a House panel that plays a vital role in spending, Yellen said that government funding – not accounting for inflation – has been unchanged since 2010. She said that boosting funding for the IRS is a top priority for the Biden administration, which is looking to enhance tax enforcement in order to fund a nearly $4 trillion spending proposal that would rebuild the nation's infrastructure and dramatically expand the government-funded safety net. "Many of the country’s wealthiest taxpayers do not pay their full tax bill, and the IRS is not nearly staffed up enough to ensure compliance," Yellen said. She maintained that beefing up the agency's auditing power would not be used to target individuals who are earning less than $400,000.
Making the case for more IRS funding, Yellen noted that an estimated $7 trillion in tax revenue will go uncollected in the next decade because the agency lacks the necessary resources to crack down on wealthy tax cheats. She also pointed out that the IRS has been responsible for making roughly $800 billion in stimulus payments over the past year and is about to undertake distribution of the expanded child tax credit, which will be paid out to families in monthly installments. The IRS has 20,000 fewer staff than it did in 2010, and its budget is roughly 20% less than it was in 2010, when adjusted for inflation, according to the Congressional Budget Office.
Yellen's comments come one day before the White House will release its multitrillion-dollar fiscal year 2022 budget. Biden is expected to propose $6 trillion in new spending for the next fiscal year, according to The New York Times, driven by the $2.3 trillion American Jobs Plan and $1.8 trillion American Families Plan.
Over the course of the past year, Congress approved nearly $6 trillion, or roughly 27.1% of the nation's GDP, in coronavirus relief spending, including $4 trillion passed under former President Donald Trump.
https://www.foxbusiness.com/economy/yellen-pitches-13b-budget-increase-for-irs-as-white-house-looks-to-crack-down-on-tax-cheats
Italians and Danes leaving Lisbon nao
NATO Sec. Stolenberg 'dere yesterday
Secretary General visits Portugal to prepare NATO Summit, inaugurate new cyber academy
https://www.nato.int/cps/en/SID-02934193-A727B5A1/natolive/news_184112.htm?selectedLocale=en
Donald J. Trump10:48am May 27, 2021
With Memorial Day Weekend coming up, tomorrow people start driving in the biggest automobile days of the year. I’m sorry to say the gasoline prices that you will be confronted with are far higher than they were just a short number of months ago where we had gasoline under $2 a gallon. Remember as you’re watching the meter tick, and your dollars pile up, how great of a job Donald Trump did as President. Soon Russia and the Middle East will be making a fortune on oil, and you will be saying how good it was to have me as your President. Wasn’t it great to be energy independent, but we are energy independent no more. Shame, shame, shame. Other than that, have a great Memorial Day Weekend!
https://www.donaldjtrump.com/desk/desk-vu8krgp2ef/
I'll habs something with doze later
A Culture of Fear at the Firm That Manages Bill Gates’s Fortune
At least four employees at the firm, Cascade Investment, complained to Mr. Gates about Michael Larson, his longtime money manager.
For 27 years, Bill Gates has entrusted the management of his enormous wealth and the endowment of his giant foundation to a single man: Michael Larson.
Mr. Larson has invested the Microsoft co-founder’s money in farmland, hotels, stocks, bonds, even a bowling alley. Thanks in part to Mr. Larson and the soaring value of Microsoft’s shares, Mr. Gates’s fortune has gone from less than $10 billion to about $130 billion.
But Mr. Larson, 61, also engaged in a pattern of workplace misconduct at Mr. Gates’s money-management firm, Cascade Investment, according to 10 former employees as well as others familiar with the firm.
He openly judged female employees on their attractiveness, showed colleagues nude photos of women on the internet and on several occasions made sexually inappropriate comments. He made a racist remark to a Black employee. He bullied others. When an employee said she was leaving Cascade, Mr. Larson retaliated by trying to hurt the stock price of the company she planned to join.
Over the years, at least six people — including four Cascade employees — complained to Mr. Gates about Mr. Larson, according to former employees and others with direct knowledge of the complaints. (Several of them also complained to his wife, Melinda French Gates.) Cascade made payments to at least seven people who witnessed or knew about Mr. Larson’s behavior; in exchange, they agreed to never speak about their time at the firm.
Even as Cascade grew to more than 100 employees and to manage more money than most Wall Street hedge funds, the perception that Mr. Larson had Mr. Gates’s unflinching support allowed him to maintain a culture of fear inside the company’s lakeside offices, the former employees said. Mr. Larson still runs Cascade. Mr. Gates’s reluctance to take decisive action at Cascade adds to an emerging portrait of the billionaire philanthropist that is at odds with his image as a roving global do-gooder and champion of women’s empowerment.
As The New York Times has reported, Mr. Gates for years regularly spent time with Jeffrey Epstein, who faced accusations of sex trafficking of girls — a relationship that was among the factors precipitating Ms. French Gates’s recent decision to seek a divorce. And on at least a few occasions, Mr. Gates pursued women who worked for him at Microsoft and the Bill and Melinda Gates Foundation. In 2019, Microsoft’s board investigated one of those cases, in which Mr. Gates acknowledged he had an affair with an employee. Mr. Gates stepped down from the board last year.
Mr. Larson and Chris Giglio, his spokesman, denied some but not all instances of Mr. Larson’s misconduct.
https://www.nytimes.com/2021/05/26/business/bill-gates-cascade-michael-larson.html
>>57086 pb
BURGR01 USAF E-4B Nightwatch departed Mac Dill AFB after an overnight and heading back to Lincoln Muni, NE
Moved because of incoming weather to Lincoln last night as CLUB22
ODIN97 went to Robins AFB
02-4452 USAFSOC C-32B departed Eglin AFB en
#234
>>57206, >>57222, >>57239, >>57243, >>57246, >>57265, >>57268 pf report(s)
>>57208, >>57210, >>57220 Fed's Reverse Repo Hits All Time High $485BN As Reserves Flood System
>>57212 SENATE 5/26 SUMMARY
>>57213 Q drop #2026
>>57214 Extraterrestrial intelligence claims-Ex defense minister of canada said there was something like 4 types that we are interacting with currently
>>57215 MFA Russia twat: "🗝 When fleeing Kiev under the onslaught of Soviet forces, the Nazis stole the 3,5 kg key to the city's Fortress. In April 1944 the #RedArmy recovered it in the battle of Tarnopol."
>>57218 Gov. Ron DeSantis: ‘Overwhelming’ Number of People Moving to Florida Registering As Republican-breitbart
>>57219 Senate passes bill to declassify intel on Covid-19 origins as US & China lock horns over theory that virus is man-made-rt
>>57221, >>57223, >>57225, >>57226, >>57227, >>57230,>>57231, >>57232, >>57233, >>57240, >>57241, >>57244, >>57245, >>57247, >>57250, >>57253, >>57263, >>57266, >>57267, >>57269 Q like posts and drops corresponding-keeps ya sharp
>>57228 S Judge Rejects Bayer’s $2 Billion Deal to Resolve Future Roundup Lawsuits as ‘Unreasonable’-ntd
>>57229 Yellen pitches $13B budget increase for IRS as White House looks to crack down on tax cheats-foxbusiness
>>57234 It' s happening: Video of Dan (the man) Scavino presents UFOs as a German invention
>>57235 Dr. Judy Mikovits: Suramin is ANTIDOTE for covid vaccine and Reverses Autism-no linky mp4
>>57236 Virtual Hearing - Holding Megabanks Accountable: An Update on Banking Practices-y/t
>>57237 In Desperate Move Fulton County Board of Elections Asks Court to Dismiss Election Fraud Case as Forensic Audit Nears-gatewaypundit
>>57238 Canada Launches Digital Identity Strategy-activistpost
>>57242 Donald J Trump @realdonaldtrump " Breaking News! Massive numbers of dead people “voted” in the 2020 Presidential Election..."-gab
>>57251 Donald J. Trump10:48am May 27, 2021-"With Memorial Day Weekend coming up, tomorrow people start driving in the biggest automobile days of the year..." plus decode ty anon from next door
>>57252 Congress’s VIP Air Marshal Program Canceled after Maxine Waters Debacle-judicialwatch
>>57254 FULL PANIC MODE: In Desperate Move Fulton County Board of Elections Asks Court to Dismiss Election Fraud Case as Forensic Audit Nears-gatewaypundit
>>57255 BREAKING: Officer Who Went Viral With Video Mocking LeBron James Has Been FIRED-gatewaypundit
>>57260 USA National Gas Station Price Heat Map-gasbuddy
>>57260 Paul Ryan To Bash Trump, Populism, Order Republicans To Stop Fighting Culture War In Tonight’s Speech – Report-nationalfile
>>57262 A Culture of Fear at the Firm That Manages Bill Gates’s Fortune-nytimes
>>57264 Rare and Mild Cernovich Retweeted Flag of United States Mike Davis Flag of United States-courtlistener
fixed
>>57206, >>57222, >>57239, >>57243, >>57246, >>57265, >>57268 pf report(s)
>>57208, >>57210, >>57220 Fed's Reverse Repo Hits All Time High $485BN As Reserves Flood System
>>57212 SENATE 5/26 SUMMARY
>>57213 Q drop #2026
>>57214 Extraterrestrial intelligence claims-Ex defense minister of canada said there was something like 4 types that we are interacting with currently
>>57215 MFA Russia twat: "🗝 When fleeing Kiev under the onslaught of Soviet forces, the Nazis stole the 3,5 kg key to the city's Fortress. In April 1944 the #RedArmy recovered it in the battle of Tarnopol."
>>57218 Gov. Ron DeSantis: ‘Overwhelming’ Number of People Moving to Florida Registering As Republican-breitbart
>>57219 Senate passes bill to declassify intel on Covid-19 origins as US & China lock horns over theory that virus is man-made-rt
>>57221, >>57223, >>57225, >>57226, >>57227, >>57230, >>57231, >>57232, >>57233, >>57240, >>57241, >>57244, >>57245, >>57247, >>57250, >>57253, >>57263, >>57266, >>57267, >>57269 Q like posts and drops corresponding-keeps ya sharp
>>57228 S Judge Rejects Bayer’s $2 Billion Deal to Resolve Future Roundup Lawsuits as ‘Unreasonable’-ntd
>>57229 Yellen pitches $13B budget increase for IRS as White House looks to crack down on tax cheats-foxbusiness
>>57234 It' s happening: Video of Dan (the man) Scavino presents UFOs as a German invention
>>57235 Dr. Judy Mikovits: Suramin is ANTIDOTE for covid vaccine and Reverses Autism-no linky mp4
>>57236 Virtual Hearing - Holding Megabanks Accountable: An Update on Banking Practices-y/t
>>57237 In Desperate Move Fulton County Board of Elections Asks Court to Dismiss Election Fraud Case as Forensic Audit Nears-gatewaypundit
>>57238 Canada Launches Digital Identity Strategy-activistpost
>>57242 Donald J Trump @realdonaldtrump " Breaking News! Massive numbers of dead people “voted” in the 2020 Presidential Election..."-gab
>>57251 Donald J. Trump10:48am May 27, 2021-"With Memorial Day Weekend coming up, tomorrow people start driving in the biggest automobile days of the year..." plus decode ty anon from next door
>>57252 Congress’s VIP Air Marshal Program Canceled after Maxine Waters Debacle-judicialwatch
>>57254 FULL PANIC MODE: In Desperate Move Fulton County Board of Elections Asks Court to Dismiss Election Fraud Case as Forensic Audit Nears-gatewaypundit
>>57255 BREAKING: Officer Who Went Viral With Video Mocking LeBron James Has Been FIRED-gatewaypundit
>>57260 USA National Gas Station Price Heat Map-gasbuddy
>>57260 Paul Ryan To Bash Trump, Populism, Order Republicans To Stop Fighting Culture War In Tonight’s Speech – Report-nationalfile
>>57262 A Culture of Fear at the Firm That Manages Bill Gates’s Fortune-nytimes
>>57264 Rare and Mild Cernovich Retweeted Flag of United States Mike Davis Flag of United States-courtlistener