Source: The Daily Economy
by Thomas L Hogan
“The Fed pays banks billions more in interest than it earns on assets. Could a floor system save the central bank from future losses?” (06/25/26)
https://thedailyeconomy.org/article/why-is-the-federal-reserve-paying-banks-billions-in-interest/
Source: Yahoo! News
“The leader of a secretive South Korean church was arrested on suspicion of election influence Wednesday as authorities widened an investigation into allegations that he illegally recruited thousands of followers into the conservative People Power Party. The Shincheonji Church has denied the accusations against Lee Man-hee, 95, a self-proclaimed messenger of Jesus who founded the congregation in the 1980s. The church says it has about 200,000 followers. Since January, a special team of prosecutors and police has been investigating alleged ties between religious groups such as Shincheonji and the Unification Church and politicians. … Lee has been suspected of using the church’s regional branches to pressure more than 50,000 followers to join the People Power Party, or PPP, from 2021 to 2024 in hopes of influencing the party’s presidential and legislative primaries.” (06/25/26)
https://www.yahoo.com/news/politics/articles/leader-secretive-south-korean-church-150954352.html
Source: The New Republic
“Trump Blurts Out Plot to Rig Midterms So Vile It Even Shocks GOPers.” (06/25/26)
https://newrepublic.com/article/212313/trump-blurts-plot-rig-midterms-vile-even-shocks-gopers
Source: Antiwar.com
by Dennis Kucinich & Elizabeth Kucinich
“The United States Congress, on the very eve of the 250th anniversary of our Declaration of Independence from Great Britain, is preparing to formally diminish American independence and sovereignty through a proposed merger and long-term integration of executive functions throughout the government, coordinated by the Department of Defense. Treacherous provisions in the 2027 National Defense Authorization Act (NDAA) mandate that the U.S. State Department, the U.S. Commerce Department, and the heads of other relevant Federal departments and agencies cooperate with their Israeli counterparts for the purpose of consolidating U.S. and Israeli military activities in order to align efforts and avoid duplication.” (06/25/26)
Source: Persuasion
by Andrea Miotti
“As today’s AI companies race to create artificial intelligence that is smarter than humans, governments around the world are failing to meet the moment. … The only solution is an international prohibition on the development of superintelligent AI.” [editor’s note: In other words, only “rogue states” would develop superintelligence. How’s that likely to work out for everyone else? – TLK] 06/25/26)
https://www.persuasion.community/p/time-for-a-global-moratorium-on-superintelligenc
Source: BBC News [UK State Media]
“The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes. Global benchmark Brent crude briefly fell below $72.48 (£55) a barrel, the price it was at the day before the US and Israel launched attacks on Iran on 28 February, before edging up to $73.23. Energy prices have been on a wild ride since Iran responded to the strikes by effectively closing the strait, a critical waterway for oil and gas shipments. The cost of crude has been moving sharply lower since the US and Iran signed a Memorandum of Understanding (MOU) on 17 June which set out a 60-day period for negotiations on Tehran’s nuclear programme and other measures to end the war.” (06/25/26)
Source: What Then Must We Do?
“Things in Britain Are Worse Than Ever—So Why Is Rod Humphris So Optimistic?” (06/24/26)
Source: Parallax Views w/ JG Michael
“Senate Bill Would Force Sensitive Intel Sharing With Israel w/ Paul Pillar.” (06/24/26)
Source: Karl Dickey’s Freedom Vanguard
by Karl Dickey
“The new federal ROAD to Housing Act focuses on relief for community banks, changes to manufactured housing rules, and updates to existing federal programs. It limits large investors from buying single-family homes. The bill authorizes no new funds in most of its sections. Proponents say the country faces a severe housing shortage. As usual, the federal government is behind the curve. But the ROAD Housing Act is a mixed bag, like most laws. The positive: loosens some regulations. The negative: it will restrict supply (opposite of its intent).” (06/25/26)
https://palmbeachexaminer.substack.com/p/why-the-road-to-housing-act-will
Source: Common Dreams
by Corbin Trent
“The Democratic Party is trying to get born again. For forty years it didn’t want to be. Since Reagan, the Democrats stopped fighting the world he built and started managing it. Bill Clinton signed NAFTA and sent the factories south. He signed the crime bill Joe Biden wrote and helped fill the prisons. He ended welfare and called it reform. He tore down the wall between the banks and your money, and a few years later the banks lost your money and got bailed out for it. Obama bailed them out, let the houses go, deported people by the millions, and kept the drone war and the surveillance state running without missing a step. On the things that decide who holds power, money and war and the police and the spying, our party and theirs were one party. That was never where they fought.” (06/25/26)
https://www.commondreams.org/opinion/mamdani-future-of-democratic-party