From the Trenches World Report
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The House passed President Joe Biden’s $1.9 trillion stimulus package on early Saturday, moving the legislation to the Senate for a vote where it likely will meet even more resistance.
The Democratic-controlled House voted 219-to-212 to pass the “American Rescue Plan.” The package will now go to the Senate where it requires 51 votes to pass through reconciliation. Continue reading “House passes Biden’s $1.9 trillion relief package including $1,400 stimulus checks”
Bloomberg reports a train carrying coal collided with an 18-wheeler in Cameron, Texas, Tuesday morning.
Local television station KVUE said the incident occurred around 7 a.m. local time.
The Milam County Sheriff’s Office said there was no timing when the fire would be under control. Continue reading “Massive Explosion Rocks Cameron, Texas After Train Collides With 18-Wheeler”
Global stocks, US equity futures and cryptocurrencies all tumbled on Tuesday as the recent surge in inflation, bond yields and commodity prices continued to hammer technology shares while investors awaited fresh reassurance from U.S. Federal Reserve Chair Jerome Powell on the path for monetary policy in United States.
The MSCI world equity index fell 0.1% to fresh two-week lows, having earlier risen on gains in commodity-heavy equity indexes in Asia. After rising during the Asian session, S&P 500 futures also fell once Europen came online, and were last down 0.4%. Continue reading “Futures Tumble As Tech Stocks, Cryptocurrencies Crash”
The House version of the coronavirus stimulus bill contains more than $100 million for an underground rail project in Silicon Valley for which planning has been going on for several years but hasn’t yet broken ground.
The funding for the project, phase two of the Bay Area Rapid Transit (BART) expansion, was tucked into the House Transportation Committee’s section of the bill under a funding provision for “all projects under section 3005(b) of Public Law 114-94 that received allocations for fiscal year 2019 and 2020” except “projects open for revenue service.” Continue reading “House COVID bill includes over $100 million for controversial Silicon Valley underground rail project”
Epoch Times – by Matthew Vadum
This morning the Supreme Court threw out a series of remaining challenges to election processes and election results in several states left over from the recent presidential election cycle.
One of the lawsuits was brought by Rep. Mike Kelly (R-Pa.) who challenged President Joe Biden’s victory over former President Donald Trump. Kelly had asked the Supreme Court to consider his lawsuit which challenged mail-in voting policies in his home state of Pennsylvania. Continue reading “Supreme Court Dismisses Slew of 2020 Presidential Election Lawsuits”
Senators on Saturday initially voted to call witnesses in President Donald Trump‘s second Senate impeachment trial — but that was nixed after both sides came to an agreement to enter a key statement into record.
Senators were expected to vote on a single article of impeachment — incitement of insurrection — for Trump’s alleged role in the Jan. 6 Capitol Hill riot. Continue reading “Senators avoid witnesses in Trump impeachment trial, amid day of twists”
Senators on Saturday voted to call witnesses and therefore extend former President Donald Trump‘s second Senate impeachment trial.
Senators were expected to vote on a single article of impeachment — incitement of insurrection — for Trump’s alleged role in the Jan. 6 Capitol Hill riot. Continue reading “Senators vote to call witnesses, extend Trump impeachment trial”
New York Post – by Bernadette Hogan, Carl Campanile, Bruce Golding
Governor Cuomo’s top aide privately apologized to Democratic lawmakers for withholding the state’s nursing-home death toll from COVID-19 — telling them “we froze” out of fear the true numbers would “be used against us” by federal prosecutors, The Post has learned.
The stunning admission of a cover-up was made by Secretary to the Governor Melissa DeRosa during a video conference call with state Democratic leaders in which she said the Cuomo administration had rebuffed a legislative request for the tally in August because “right around the same time, [then-President Donald Trump] turns this into a giant political football,” according to an audio recording of the two-hour-plus meeting. Continue reading “Cuomo aide admits they hid nursing home data so feds wouldn’t find out”
Fox News has canceled “Lou Dobbs Tonight,” the program hosted by one of Donald Trump’s most ardent defenders, the Los Angeles Times reported Friday.
Dobbs, 75, praised Trump on a nightly basis, excoriated the former president’s perceived enemies and promoted the false claim that the 2020 election had not been decided fairly by the American people. Continue reading “Fox News cancels Lou Dobbs’s show”
David Lee Huber was a 55-year-old computer consultant who was named by the FBI as the suspect accused of shooting and killing two veteran FBI agents who were executing a warrant in a child exploitation case.
He was described by neighbors as a loner who was a bit off, sending off red flags to some. There were some pockmarks in an otherwise seemingly typical life – a divorce, a bankruptcy, and an eviction. But he had no criminal history. Continue reading “Computer Consultant Identified in Sunrise, Florida, Slaying of FBI Agents”
Austin and Army Gen. Mark A. Milley, the chairman of the Joint Chiefs of Staff, met with service civilian leaders and service chiefs to discuss the problem of extremism. Kirby noted that some of the extremists who stormed the U.S. Capitol on January 6 were active duty service members and others were military veterans. Continue reading “Austin Orders Military Stand Down to Address Challenge of Extremism in the Ranks”
A fight that erupted over snow shoveling allegedly led to a Pennsylvania man shooting two of his neighbors to death, authorities said.
The fatal gun violence occurred in Plains Township, about 15 miles southwest of Scranton after 2 feet of snow blanketed the area, officials said. Continue reading “3 Pennsylvania neighbors dead after fight over snow shoveling, authorities say”
Details continue to emerge about the fatal FBI raid in Sunrise, Fla., that left two agents dead, another three wounded and resulted in the suspect reportedly dying by suicide — the agency’s deadliest day since 9/11.
As flags at the FBI Miami Field Office remained lowered at half-staff Wednesday, a new report indicated the suspect used a doorbell camera and allegedly fired at agents through the door. Continue reading “FBI agents killed in Florida: Suspect reportedly used doorbell cam, fired assault rifle through closed door”
Once it became clear – just a few seconds after AOC first rage-tweeted about RobinHood refusing to let “the people” trade more shares of $GME and $AMC before adding that she’d support a public hearing on what had just happened – that all the key players in the “WallStreetBets”/”Gamestop” trading saga would soon be dragged in front of Congress like a gaggle of tech CEOs, the newly elected Democrats and their hand-picked economic team were faced with a critical question: who exactly was going to preside over these proceedings on the regulatory side, since they are virtually all compromised by key connections to the financial services industry, and not just the big banks.
Continue reading “Yellen Gets Ethics Waiver To Lead Regulator Meeting On Gamestop Insanity After Taking $810K From Citadel”
Two FBI agents were killed Tuesday morning while trying to serve a search warrant at a home in Sunrise, Fla., in a child pornography case, an agent at the scene told Fox News.
One federal law enforcement source told the Miami Herald that at least five agents were shot and two were “gravely wounded” in the incident that occurred at around 6 a.m. in the Fort Lauderdale suburb. Continue reading “2 FBI agents dead, others injured in Florida shooting while serving warrant: source”
Online trading app Robinhood received tremendous blowback from investors last week after blocking purchases of GameStop (NYSE: GME) stock. While it said traders could sell their shares, Robinhood wouldn’t let anyone buy the stock.
Although it eventually relented, the trading app has announced it is issuing new rules because of the market volatility, and it will let you buy only one share of GameStop’s stock. Continue reading “Robinhood Will Let You Buy Only 1 Share of GameStop”
While all eyes have been focused on GameStop and a handful of other heavily-shorted stocks as they exploded higher under continuous fire from WallStreetBets traders igniting a short-squeeze coinciding with a gamma-squeeze, the last few days saw another asset suddenly get in the crosshairs of the ‘Reddit-Raiders’ – Silver.
On Thursday, we asked “Is The Reddit Rebellion About To Descend On The Precious Metals Market?” … One WallStreetBets user (jjalj30) posted the following last night: Continue reading “Reddit Preparing To Unleash “World’s Biggest Short Squeeze” In Silver”
Trading volume has surged in shares of GameStop, AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, stunning Wall Street firms betting that those stocks would fall. Continue reading “GameStop stock price frenzy: What to know”