Ten-year Treasury yield hits highest level
in years — what it means
Posted By: FL_Absentee_Voter, 5/2/2022 10:37:47 AM
The 10-year Treasury yield pushed above 3% on Monday, a development that will raise costs for the federal government and portends higher rates on mortgages, credit cards, and other financial products. The recent run-up in interest rates on Treasury securities follows the Federal Reserve's accelerated efforts to tighten monetary policy by raising its short-term interest rate target. [snip] Yields on notes and bonds have begun to rise at a rapid clip.
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The world’s skies will be a little less sexy starting next year. The Air Force on Sept. 1, 2024, will retire its fleet of KC-10A Extenders, aerial refuelers that can also transport troops or cargo, an Air Force news release said. [snip] The KC-10 can carry 170,000 pounds of cargo and 356,000 pounds of fuel with a maximum takeoff weight of 590,000 pounds, compared with 212,299 pounds of fuel and 65,000 pounds of cargo for the KC-46, according to Air Force fact sheets.
Official: College Football Playoff expanding
to 12 teams in 2024 after Rose Bowl agreement 15 replies
to 12 teams in 2024 after Rose Bowl agreement 15 replies
The College Football Playoff's long-awaited expansion is set to happen in 2024. The CFP officially announced Thursday that it would expand in two seasons. [snip] Under the new system, the Playoff field will be composed of the top six conference champions among the 10 active conferences, plus six wild-card teams, guaranteeing a spot for a Group of Five team. The top four conference champions will get byes into the quarterfinals, while the remaining eight teams will play first-round games at the home stadiums of the higher-seeded teams.
Rioters have started fires and pelted cars with bricks in Brussels following Belgium's shock 2-0 loss to Morocco at the World Cup.
Police had to seal off parts of the city centre, deployed water cannons and fired tear gas to disperse crowds as violence broke out following the match. [snip] The victory was celebrated by Moroccan immigrants in Belgium this afternoon, where more than 11.5 million people, including around 500,000 from Morocco, are of foreign origin.
Showgirls targeted in Las Vegas stabbing
attack after rebuffing suspect's request
for photo: report 9 replies
attack after rebuffing suspect's request
for photo: report 9 replies
The man accused of killing two people and wounding six others in an "unprovoked" attack on the Las Vegas Strip went into a fit of rage after a group of showgirls refused to take a picture with him, according to officials and a local report. Yoni Barrios, 32, approached the group of women on the famous Las Vegas Strip on Thursday and said he was a chef, local news station KTNV reported. Holding what police described as a "large knife with a long blade," he asked the women if they would pose for a photograph with him – then began attacking when they rebuffed him, the outlet reported.
As we all know, San Diego’s homeless crisis is only getting worse under the leadership of Mayor Todd Gloria, who continues to pretend like he is working to fix the issue. But all his efforts have failed. [snip] San Diego native Bill Walton is publicly calling out Mayor Todd Gloria’s failure publicly, saying Gloria has “failed us and yourself.” The Voice of San Diego reports that Walton has sent a series of emails to Mayor Gloria’s office, detailing his personal encounters with our homeless population.
Stanford plays a football game Saturday against one of the Pac-12 renegades: If things go according to the landscape-shattering plan, the game at Stanford Stadium will be the second-to-last time the Trojans ever travel to the Bay Area as a member of the Pac-12. UCLA, also a defector, will make its penultimate football trip in November to play Cal. So many things are troubling about the Southern California schools’ plan to become part of the Big Ten in 2024. [snip] And here’s another disconcerting issue: the environmental consequences of such a move. More travel means a larger carbon footprint and the devouring of more resources.
A married couple in Hawaii has been indicted for allegedly living under the identities of dead children from Texas for decades and conspiring against the government, according to unsealed federal court records. A federal grand jury in Honolulu indicted Walter Glenn Primrose and Gwynn Darle Morrison on conspiracy, aggravated identity theft, and false statements in the application and use of a passport. [snip] Federal prosecutors also say they have pictures of Primrose and Morrison in a KGB jacket which prosecutors entered into court as part of a motion to deny the couple bail.
The nine members of The Late Show staff arrested for 'unlawfully' entering the Capitol last month will not be prosecuted, the Department of Justice has ruled. The Capitol Police released a statement Monday night in an update on the incident involving members associated with Stephen Colbert's talk show on June 16. The U.S. Attorney's office then confirmed they would not be moving forward with the case because they 'wouldn't have been able to secure convictions', according to a statement obtained by Axios.
The military autopsy of Navy SEAL candidate Kyle Mullen, a Manalapan resident who died hours after completing the grueling portion of SEAL training known as “Hell Week” in early February, revealed the cause of death as pneumonia and indicated that the 24-year-old went untreated until it was too late. Regina Mullen, Kyle’s mother, received the report last week and shared its contents with the Asbury Park Press. [snip] The report names the official cause of death as “acute pneumonia due to Streptococcus pyogenes.” Streptococcus pyogenes is a Group A strep bacteria, which the report says “is capable of causing multiorgan failure and cardiovascular collapse via toxic shock.”
The 10-year Treasury yield pushed above 3% on Monday, a development that will raise costs for the federal government and portends higher rates on mortgages, credit cards, and other financial products. The recent run-up in interest rates on Treasury securities follows the Federal Reserve's accelerated efforts to tighten monetary policy by raising its short-term interest rate target. [snip] Yields on notes and bonds have begun to rise at a rapid clip.
After hearing concerns from students and parents, Patrick Henry High School will reinstate two honors courses that were cut by the principal, San Diego Unified School District officials told families Tuesday. The school in the San Carlos neighborhood is bringing back Honors American Literature and Honors U.S. History, two 11th-grade courses that Principal Michelle Irwin had eliminated from next school year’s course list without telling students or parents. [snip] There are still six other advanced courses missing from the catalog that Irwin had cut last year. Those will not be restored as of yet, according to district officials.
OKLAHOMA CITY — Democrat Abby Broyles, who drew national attention after admitting she blacked out at a sleepover for middle-school aged girls and vomited in a clothes hamper, announced Thursday she's dropping out of the race for Oklahoma's 5th Congressional District. Broyles, 32, said in a statement that she is receiving treatment for anxiety and alcohol dependency following the incident at the sleepover and, later, an attempt to take her own life by drinking alcohol and taking sleeping pills. “On the morning of March 2nd, I made the attempt to take my life, but thankfully, God had greater plans for me," Broyles said.
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Former U.S. House Speaker Paul Ryan is doubling down on his belief that former President Donald Trump is the wrong choice for Republicans in 2024, saying he would not support Trump if he becomes the Republican nominee for president.
“There are too many people like me in the Republican Party who would not support him if he were the nominee, and that is why I don’t think he’ll be the nominee,” Ryan told the Milwaukee Journal Sentinel in an interview.
WASHINGTON— The U.S. military on Saturday shot down a suspected Chinese spy balloon off the Carolina coast after it traversed sensitive military sites across North America. China insisted the flyover was an accident involving a civilian aircraft and threatened repercussions.
President Joe Biden issued the order but had wanted the balloon downed even earlier, on Wednesday. He was advised that the best time for the operation would be when it was over water, U.S. officials said.(Snip) ..(Video) China responded that it reserved the right to “take further actions” and criticized the U.S. for “an obvious overreaction and a serious violation of international practice.”
The Biden administration was aware of the Chinese spy balloon entering United States airspace on January 28 but tried to hide its existence from the American public until being forced to go public, according to a report on Saturday. Bloomberg News reported that the Biden administration was “well aware” that the balloon had entered U.S. airspace on Saturday, January 28, but decided to keep quiet about it so as not to ruin a planned trip by Secretary of State Antony Blinken to China.
Fighter jets shot down the Chinese spy balloon over the Atlantic today after Joe Biden vowed to 'take care of it' and the FAA shutdown three airports in the Carolinas.
The balloon was seen bursting at 2.38pm and its payload - the metal structure carrying its cameras - appeared to have been separated as it plummeted towards the ocean off Myrtle Beach.
The Biden administration confirmed the shoot-down order around 2pm after the President this morning vowed, 'We're gonna take care of it,' as he stepped off Air Force One at Hancock Field Air National Guard Base, upstate NY.
Anne Holton, wife of U.S. Sen. Tim Kaine (D-VA), denounced the Declaration of Independence and Constitution as “fundamental in enshrining slavery.”
Holton made the comments as Virginia Gov. Glenn Youngkin’s (R) new history standards were approved 5-3 by the Commonwealth’s Board of Education, upon which she sits. She said:
To an audience as inclusive as our Virginia is, you cannot reference the Declaration of Independence and the Constitution as ‘remarkable documents’ without also acknowledging that they [are] fundamental in enshrining slavery, and limiting the protections that they provided only to white property-owning men.
Bloomberg, which exists to serve active traders on Wall Street, is throwing shade on the January jobs report that “surprised” a lot of people with its positive numbers. Before addressing the technical factors used to produce the rosy numbers, consider the buried lede hundreds of words into the piece. Stripped of all the technical jargon is this stark reality:
"On an unadjusted basis, payrolls actually fell by 2.5 million last month."
Joe Biden praised the Top Gun fighter jet pilot who shot down the Chinese spy balloon off the coast of South Carolina today after he vowed to 'take care of it.'
An F-22 Raptor out of Langley Air Force base took the balloon down with a single AIM-9X sidewinder missile at 2.38pm, separating its surveillance payload and sending it plummeting towards the ocean off Myrtle Beach.
Footage showed the jet screaming towards the spy aircraft before firing the missile as stunned locals watched from the coast.
An operation was underway to recover the wreckage and retrieve any valuable intelligence before it sinks into the ocean.
Houston activists call for arrest of armed
taqueria diner who shot, killed robbery suspect 28 replies
taqueria diner who shot, killed robbery suspect 28 replies
Community activists in Houston are calling for a restaurant patron who shot and killed a robbery suspect during a holdup to be arrested, saying he went beyond self-defense despite many calling him a hero.
Customers were eating inside a local taqueria when 30-year-old Eric Eugene Washington entered and pointed a pistol at them and demanded cash. As he gathered the cash, an armed patron can be seen on surveillance video getting up from the booth he was sitting in and shooting his pistol at Washington multiple times.
"He was within the law when he fired the first initial shots," said activist Quanell X in a
Three years after the start of the COVID-19 pandemic, it’s not uncommon to see people wearing masks in public. I try not to judge people when I see someone wearing a mask; after all, the person may have a legitimate need to wear a mask.
But what I’ve noticed is that there seem to be a lot of healthy younger people — teenagers and people in their early 20s — who wear masks often, and I have a difficult time understanding it.
I’ve had a theory about this phenomenon for some time. I think some people like to keep masking because it makes them feel anonymous. I’m convinced that some people
The U.S. was able to collect valuable information on China’s surveillance capabilities while observing the spy balloon as it traversed the continental U.S. for several days, a senior military official and senior defense official claimed Saturday.
President Joe Biden asked for possible military options for removing the threat of the suspected Chinese spy balloon Tuesday, but the Department of Defense (DOD) opted against doing so Wednesday over concerns falling debris could endanger civilians, officials said at a briefing Saturday. However, they did not clarify whether a military option was considered when the craft transgressed U.S. airspace over Alaska’s Aleutian Islands on Jan. 28,
Far-right Rep. Marjorie Taylor Greene took a below-the-belt shot at one of her congressional colleagues Friday in a spicy Twitter exchange.
The Georgia Republican invoked Rep. Eric Swalwell’s (D-Calif.) purported dalliance with suspected Chinese honeytrap Christine Fang, aka Fang Fang, after the California Democrat made a bawdy joke at the expense of Rep. Andrew Clyde (R-Ga.), who has spent the week passing out AR-15-shaped lapel pins to pro-Second Amendment House members.
White female professor endeavors to help
‘damaging’ white people dismantle
their ‘whiteness 26 replies
‘damaging’ white people dismantle
their ‘whiteness 26 replies
A white, female Willamette University professor is scheduled to host a veritable struggle session this month at a local library “for white people to reflect together on what it means to ‘do our work’ as white people.”
The professor, Emily Drew, predictably “teaches courses about racism, white supremacy, immigration, and social change,” according to a biography.
“Her research agenda revolves around understanding how race and racism get institutionalized, with the goal of helping to illuminate more effective strategies for interrupting systemic inequality,” the biography reads.
She also performs work for Crossroads, an “antiracism” consulting form whose mission centers on “dismantling racism” and “building racial justice in institutions.”
Comments:
It's 1977 all over again. Time to buy bonds - the new Series I rate is 9.62%.