“The politics of the destruction of the gas-line – whether it’s an act of war or what – but it was a slap in the face of Europe, saying, you know, “if you’re not going to play ball with me in Ukraine,” said the president… “I don’t care if it’s going to be harder for you to keep your people wealthy and warm.” Basically, that’s what he’s done. And that’s the real input of the story.” -- Seymour Hersh

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The head of energy firm RWE said he fears that Germany will face a shortage of electricity that will see prices in the already struggling country soar.

Markus Krebber, 50, warned that this will endanger Germany's 'competitiveness' as an industrial hub, meaning companies will be driven out of the country, taking much needed jobs with them. 

The End Stage of American Empire MikeRivero Wed, 06/07/2023 - 07:56

All around us things are falling apart. Collectively, Americans are experiencing national and imperial decline. Can America save itself? Is this country, as presently constituted, even worth saving?

Tuesday was a momentous day on Capitol Hill for broadcasters as the House Energy and Commerce Committee held the first hearing on retaining AM in vehicles, titled “Listen Here: Why Americans Value AM Radio.” Automakers leaned on EAS alternatives while Representatives from both parties blasted car manufacturers’ decision to remove AM from dashboards.

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In 2015, the world's richest countries agreed to devote $100 billion a year to 'climate finance' in the Global South. So far, this includes a power station in Bangladesh, an airport in Egypt and ice cream parlours in Asia.

Plans have been announced to trial a universal basic income (UBI) in England that would see up to 30 people receive an unconditional payment of £1,600 (€1,854) a month.

Under the scheme, which is the first of its kind in England, residents in central Jarrow, northeast England, and East Finchley, north London, will be handed the funds each month for two years, and researchers will monitor the effect the payment has on their work ethic and mental well-being.

American Airlines, a leading carrier based in Fort Worth, is currently grappling with a significant challenge. The airline is unable to operate approximately 150 of its regional aircraft due to a persistent shortage of pilots, as revealed by CEO Robert Isom.

Speaking at the Bernstein 39th Annual Strategic Decisions Conference, Isom stated, “We would deploy properly to markets that aren’t being served. We would do that today. It’s just we don’t have the pilots.”

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The debt ceiling fracas is mercifully behind us (at least until 2025), so today we turn our focus away from the USA’s dwindling treasury and towards the more immediate issue of its dwindling dominance of the Western Pacific. Over the weekend US Secretary of Defense Lloyd Austin urged China to re-engage with the United States to “help avoid misunderstandings or miscalculations that may lead to crisis or conflict.” The plea was timely, because there have been a few near-misses in recent days that might have caused more concern in markets in years gone by.

As Target’s stock price has taken a beating amid conservative backlash over the company’s decision to sell LGBT-themed items and clothing, Twitter CEO Elon Musk said Friday that it’s just a matter of time before Target faces lawsuits for “destruction of shareholder value.”

Musk made the remarks in response to a tweet by conservative activist Charlie Kirk, who posted about JPMorgan downgrading Target’s stock after suffering its longest losing streak in decades.

Secretary of Transportation Pete Buttigieg is traveling the country, giving local speeches celebrating federal spending in the $1.2 trillion infrastructure bill while another major slowdown is hampering cargo at West Coast ports.

This time, the cause is not a backup of cargo ships, but a labor dispute between the International Longshore Workers Union (ILWU) and the Pacific Maritime Association (PMA) that has continued from last week.

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