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News & Articles By Richard Brown
12/22/2023
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By Richard Brown
U.S., Europe explore possibility of seizing frozen Russian assets and giving them to Ukraine as American funding dries up
The administration of President Joe Biden is actively exploring the possibility of seizing over $300 billion worth of Russian Central Bank assets currently held in the Western world to bolster Ukraine’s war effort. This bold initiative comes at a critical juncture as Ukraine faces waning financial support from its biggest contributor, the United States. Secretary […]
12/07/2023
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By Richard Brown
It’s never enough – NATO chief wants MORE AID for Ukraine
North Atlantic Treaty Organization (NATO) Secretary-General Jens Stoltenberg has warned about potential negative developments in the Ukraine-Russia conflict, emphasizing the need to support Ukraine during both favorable and challenging phases. “We just have to stay the course. This is also about our security interests,” Stoltenberg said during a meeting of NATO foreign ministers in Brussels. […]
11/03/2023
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By Richard Brown
Biden’s wind energy plans in peril as Orsted abandons 2 major U.S. projects
The wind energy plans promoted by President Joe Biden are facing tough challenges as the world’s largest offshore wind farm developer has abandoned two major U.S. projects due to supply chain disruptions and interest rate impacts. Orsted A/S, the developer, cited “negative developments from adverse impacts relating to supply chains, increased interest rates, and the […]
11/02/2023
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By Richard Brown
Biden administration suspends issuance of export licenses for civilian firearms and ammunition in latest attack on gun industry
The United States has implemented a 90-day suspension of export licenses for most civilian firearms and ammunition to non-governmental users. This decision, attributed to national security and foreign policy considerations, was announced by the Department of Commerce (DOC) in October. The DOC has not provided further particulars regarding the suspension, which encompasses shotguns and optical sights. […]
11/02/2023
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By Richard Brown
GREEN PANIC: Siemens Energy shares crash 37% after admitting wind turbine troubles
The shares of energy firm Siemens Energy took a nosedive on Oct. 23, plunging by 37 percent as it issued a warning about challenges in its wind turbine business. Siemens Gamesa, its wind energy business division, is actively addressing these challenges – which include turbine quality issues and offshore ramp-up problems. These issues had been previously […]
10/24/2023
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By Richard Brown
FTX founder Sam Bankman-Fried donated customer funds to Democrats, former engineer testifies
Nishad Singh, a former engineer for the cryptocurrency exchange FTX, said its founder Sam Bankman-Fried had donated customers’ money to Democratic political causes. In simple terms, Singh’s testimony indicated that Bankman-Fried used customer funds for political donations to Democrats. According to Singh, upon discovering the financial shortfall, he had a lengthy conversation with Bankman-Fried in […]
10/23/2023
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By Richard Brown
END OF THE ROAD: Digital freight startup founded by ex-Amazon execs suspends operations
Convoy, the digital freight startup founded by former Amazon executives, is navigating a challenging transition as it suspends its operations and looks to diversify its business strategies. Despite raising an impressive $260 million in a funding round just last year, which valued the company at a significant $3.8 billion, Convoy has been grappling with the […]
10/23/2023
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By Richard Brown
Oil prices could surge to $150 per barrel unless the U.S. increases exploration
Continental Resources Inc. (CLR), a petroleum firm led by billionaire Harold Hamm, has warned that oil prices could surge to $150 per barrel unless the U.S. government takes more action to promote exploration. CLR CEO Doug Lawler stated that oil production in the Permian Basin, much like other shale regions, may peak without increased exploration. […]
10/18/2023
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By Richard Brown
LinkedIn, which discriminates against conservatives, just fired around 700 employees
Microsoft subsidiary LinkedIn, notorious for its anti-conservative bias, has fired around 700 employees as part of workplace reduction efforts. According to a CNBC report, the layoffs sought to reshape LinkedIn’s organizational structure and optimize operations. The company’s engineering department bore the heaviest brunt of the layoffs, though it wasn’t the only division affected. The cuts […]
10/11/2023
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By Richard Brown
U.S. mortgage rate surges to highest level in over two decades
U.S. mortgage rate has surged to its highest level in over two decades, driven by the Federal Reserve’s efforts to raise interest rates. Bloomberg recently reported on this, citing a survey by the Mortgage Bankers Association. According to the trade association, the average 30-year fixed mortgage contract rate increased by 12 basis points during the reporting period, […]
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