“The U.S. Federal Reserve differs from most government agencies in two important ways. First, the Federal Reserve determines its own operating budget and remits any remaining revenue to the U.S. Treasury. Second, the Federal Reserve has some control over its revenue, since it earns income from issuing money and holding interest-bearing assets. Issuing more money than is consistent with price stability can increase this revenue in the short run. Unlike a private firm, however, no individual or group owns the Federal Reserve’s residual income.” (03/03/26)
“Unfortunately, President Trump listened to the neocons and Benjamin Netanyahu instead of his MAGA base and other voices of caution as he launched a surprise attack on Iran over the weekend. For the second time in nine months, the US Administration used negotiations with Iran as a cover to launch a pre-planned attack.” (03/03/26)
“Israel’s new war with Iran coupled with slaughter in the Gaza Strip — where Israeli military operations have killed more than 600 Palestinians since a ‘ceasefire’ supposedly went into effect last October, adding to the tens of thousands killed during the previous two years — has diverted attention from events in the West Bank. That diversion is fine with those intent on cementing Israeli control there and continuing the subjugation or displacement of the 3.8 million Palestinians who live in the West Bank and East Jerusalem.” (03/03/26)
“President Donald Trump has launched a massive military attack on Iran without first obtaining a declaration of war from Congress. Do Trump’s actions violate the terms of the U.S. Constitution? In a word, yes. The president of the United States has no lawful authority to launch a war absent a congressional declaration of war.” (03/03/26)
“One of the reasons to be disturbed by this war is the extraordinary amount of money the U.S. government is either laying out now or will have to lay out in the future to replace the spent munitions. The modern American way of war is extremely capital-intensive, deploying massive amounts of equipment while putting relatively few people in harm’s way. This has been true ever since World War II …. But the U.S. military’s reliance on munitions rather than manpower can create two problems. The first problem is that modern munitions, which are highly sophisticated and complex, can’t be produced on short notice …. The other problem is that U.S.-style war is incredibly expensive — so much so that the cost becomes a serious concern even for a nation as wealthy as America.” (03/03/26)
“When Donald Trump returned to the White House on January 20, 2025, voices suggested his administration might wind down the Ukraine conflict and pursue a foreign policy of restraint. The reality reveals something far different. Trump’s outreach to Russia is not Pat Buchanan style non-interventionism. It is a calculated attempt to use Russia as a geopolitical weapon against China and Iran, rooted in the same manipulative great power politics that has poisoned American foreign policy for generations.” (03/03/26)
“When I was small my mother warned me never to approach a sick animal. The dying ones, she said, are the deadliest of all. That hasn’t been my experience; most of the dying creatures I’ve encountered just want a quiet place to pass their final hours. The source of my mother’s anxiety was closer to home than she had yet to recognize, but her fear was palpable. She was haunted by the vision of her curly-haired child falling prey to some sickly, snarling, yellow-eyed feral creature with nothing left to lose. That’s a mother’s worst nightmare. Flash forward to February 28, 2026. Dozens of schoolchildren were reported dead in ‘one of two strikes that appear to have hit schools since US and Israeli warplanes launched their attack on Iran around 10:00 a.m. local time’.” [editor’s note: Fog of war … Still being determined whether the deaths may have come from a misguided Iranian missile – SAT] [editor’s note: Do the people whose kids were murdered by one of two murderous regimes REALLY care which murderous regime it was? – TLK] (03/03/26)
“Lawsuits are one of the only ways to hold the line against a regime bent on frog-marching our country back to the late nineteenth century—the actual Gilded Age, before women’s suffrage and the civil rights movement—or even further into the past, perhaps to the 1700s, when Edward Jenner discovered that a cowpox injection could prevent smallpox, and we were literally a nation of immigrants. Hundreds of lawsuits have been piling up since Trump’s executive-order dump on the first day of his second term. These lawsuits and legal complaints are a sinkhole of time and money that we’ll never get back. But they are essential, as are the countless lawyers, watchdog groups and others flooding the courts to defend—even save—American rights, freedoms, laws, values, science, and modernity itself.” (03/03/26)
“The always-wrong California legislature has unanimously passed — and the state’s always-wrong governor has signed — legislation to compel makers of computer operating systems to verify the owner’s age. The information from Linux, MacOS, Windows, iOS and Android would then be transmitted to the software (‘apps’) running on each respective platform. Reclaim the Net observes that in a ‘different timeline, wiring an age-surveillance layer into the boot sequence of every computing device in California is an idea that would have died in committee.’ AB1043 doesn’t require any upload of government ID or facial scan, just that the user report age when setting up the OS. I am not relieved.” (03/03/26)
Source: Popular Information
by Judd Legum, Rebecca Crosby, & Noel Sims
“On February 28, the United States and Israel began major combat operations in Iran. For some, the consequences of this action were fatal. By Monday, the war had claimed the lives of at least six U.S. soldiers, hundreds of people in Iran, and dozens more in neighboring Gulf states. The bombardment of Iran reportedly destroyed a girls’ primary school, killing about 150 people, the vast majority of them students. A spokesman for the U.S. military said CENTCOM takes the reports seriously and is ‘looking into’ the allegation. For others, the beginning of the war was simply a money-making opportunity. In the hours before the strike, six newly-created accounts on the prediction market Polymarket raked in nearly $1 million by betting that the U.S. would strike Iran by February 28.” (03/03/26)
