zerohedge @zerohedge
Le Pen's sentence was almost as harsh as that of ECB chief @Lagarde
oh wait….
https://twitter.com/zerohedge/status/1906688044893135152
Robert Spencer @jihadwatchRS
New York City: Muslim doctor who wrote 'Long Live Hamas & Hezbollah' dismissed from Mount Sinai Hospital -
https://jihadwatch.org/2025/03/new-york-city-muslim-doctor-who-wrote-long-live-hamas-hezbollah-dismissed-from-mount-sinai-hospital
https://twitter.com/jihadwatchRS/status/1906692991030346064
zerohedge @zerohedge
Top Overnight News
President Trump is scheduled to sign executive orders at 13:00EDT/18:00BST and at 17:30EDT/22:30BST on Monday.
Trump wouldn’t rule out seeking a third term and said there are ways to do it, according to NBC. However, it was later reported that President Trump commented that he does not want to talk about a third term now.
White House reportedly plans to kill the funding in a new budget for a Boeing-built rocket designed for NASA to take astronauts to the moon and beyond, while terminating Boeing’s Space Launch System could reportedly free up billions of dollars which SpaceX officials said could be reallocated for NASA’s Mars efforts: WSJ.
Some large cloud customers are reportedly slowing down their spending on AI services through cloud providers such as Microsoft (MSFT), Google (GOOG) and Amazon (AMZN) as prices of AI drop: The Information.
Trump is considering a more expansive tariff policy, one that could see a 20% duty imposed on all imports (along with additional sectoral tariffs). WSJ
Trump is considering a bailout package for American farmers to shelter the domestic agricultural industry from his destructive tariff campaign. NYT
Peter Navarro says Trump’s tariffs could generate ~$600B in revenue annually for the Treasury (or $6T over 10 years) in what would amount to one of the largest tax hikes in the history of the country. WaPo
Goldman reduced its S&P 500 3-month and 12-month return forecasts to -5% and +6% (previously +0% and +16%). Based on market prices at the end of last week, these suggest S&P 500 index levels of roughly 5300 and 5900, respectively. The bank now sees a 12-month recession probability of 35%; the increase from the previous 20% estimate reflects a lower growth baseline, the sharp recent deterioration in household and business confidence, and statements from White House officials indicating greater willingness to tolerate near-term economic weakness in pursuit of their policies.
China's manufacturing activity expanded at the fastest pace in a year in March, a factory survey showed on Monday, with new orders boosting production, giving the world's No. 2 economy some reprieve as it deals with an intensifying U.S. trade war. Manufacturing came in at 50.5 (vs. 50.2 in Feb and above the Street’s 50.4 forecast) and non-manufacturing at 50.8 (vs. 50.4 in Feb and above the Street’s 50.6 forecast). RTRS
China will be hit significantly harder this time around by Trump’s trade war compared to his first term. RTRS
The BOJ will slow purchases of super-long bonds to ¥405 billion in the second quarter, its first reduction in more than a year. BBG
https://twitter.com/zerohedge/status/1906693630041174380
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>>f8f864<<
Jess moar noise fromSqueaky, lookin' for moar attention for his slides.
He has no power till an election. Merely a chair warmer, right now.
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>>b04ce4<<
Squeaky, from Klowns-In-Amerika, flailin' the MuhJoo stickin' to nuthin, just jumpin' under hat, to hat, to hat. It's his job, Ca[tagon and all, and he's failed. Gotta go back to (lb) and see what gems he slid in forBakes(TYB o7)
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>>f8f864<<
Show me on your roster where the "ficticious employees" are.
Visegrád 24 @visegrad24
French Prime Minister François Bayrou is accused of the exact same form of embezzlement of EU funds that Marine Le Pen was just sentenced for.
The allegations are that he and his centrist political party, the Democratic Movement (MoDem), misused European Parliament funds by employing individuals in fictitious jobs as parliamentary assistants.
The accusations suggest that between 2005 and 2017, these assistants were paid with EU money intended for work supporting Members of the European Parliament (MEPs), but instead, they primarily performed tasks for MoDem in France, unrelated to their official roles.
The investigation began in 2017, shortly after Bayrou was appointed France’s Justice Minister by Macron.
French authorities looked into whether MoDem, under Bayrou’s leadership, had systematically employed staff using EU funds—estimated initially at €1.4 million—for party work rather than legitimate parliamentary duties.
Bayrou faced charges of "complicity in the embezzlement of public funds" in 2019, reflecting his role as MoDem’s president and alleged orchestrator of the scheme.
The case led to his resignation as Justice Minister just a month into Macron’s presidency.
In February 2024, a Paris court acquitted Bayrou, citing insufficient evidence that he personally authorized or knew of the fraudulent practices, giving him "the benefit of the doubt."
However, the court convicted eight others, including five former MEPs, sentencing them to suspended prison terms and fines, and fined MoDem €350,000 (€50,000 suspended) as a legal entity.
Despite Bayrou’s acquittal, the Paris prosecutor appealed the decision, arguing that evidence supported his culpability.
As of March 31, 2025, a second trial looms, though no date is set.
https://twitter.com/visegrad24/status/1906677232287834407