Russia’s industrial titans furlough workers as its war economy stalls, a trend now becoming increasingly visible as the war in Ukraine grinds on. What was initially touted as a display of economic strength is slowly revealing its cracks. While some might dismiss this as mere economic fluctuations, the situation points to a deeper issue: a war economy struggling to sustain itself. Cemros spokesman Sergei Koshkin’s statement calling these furloughs a “necessary anti-crisis measure” is interesting. Though it would seem he might soon be joining the ranks of Russia’s elite, it’s hard to imagine a crisis not be a crisis. Russia’s reliance on a war economy, where the government heavily dictates production and spending, has its limits.… Continue reading
President Trump’s policies have undermined the U.S. dollar’s reliability as the global reserve currency, leading to significant consequences. Traders are selling off Treasury bonds, indicating a loss of confidence in the U.S. economy, and yields on 10- and 30-year bonds have reached alarming levels. This decline in confidence is further evidenced by international investors reducing their holdings of U.S. dollar assets and exploring alternative investment options. The potential collapse of the dollar’s dominance would trigger a global financial crisis of unprecedented scale, impacting the U.S. economy severely.
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Former Obama advisor Van Jones launched a scathing attack on a recent Trump appointee, labeling them among the worst individuals he has ever encountered. Jones’ comments highlight the intense partisan divisions surrounding the appointment. The specific criticisms leveled by Jones were not detailed in the provided title. This appointment is likely to further fuel political tensions and debate.
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A White House memo, driven by Russ Vought’s Christian nationalist ideology, has initiated a freeze on trillions of dollars in federal spending, ostensibly to combat perceived “woke” policies. This action, temporarily blocked by a federal judge, targets essential programs like infrastructure, healthcare, and disaster relief, potentially causing widespread economic chaos. The memo’s vague language and broad scope suggest a deliberate attempt at indiscriminate destruction, fueled by a belief that the current American system is irredeemable and requires a “counter-revolution.” This drastic measure, though illegal and unconstitutional, aligns with Vought’s vision of a theocratic government.
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The recent photograph of a billionaire tech CEO with the president-elect on election night signifies a deepening relationship between the two, with the CEO poised to play a significant role in the Trump administration. This alliance promises to benefit both parties, with the CEO seeking to implement his vision for government efficiency through substantial budget cuts, potentially at the expense of social programs. The CEO’s influence and financial support for the administration are likely to continue, shaping the future of American politics. Meanwhile, the president-elect’s wife appears to be taking a less public role, prioritizing personal projects and potentially seeking a more private life than during her husband’s first term.
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Matt Underwood 
John Q. Hosedrinker