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U.S. Recovery Falls Short Again In May, Misses Expectations By More Than 100,000 Jobs

Written on . Posted in PT Global Economy.

Daily Wire: The U.S. economy added 559,000 jobs last month while the unemployment rate fell from 6.1% to 5.8%.

The data, put out by the Department of Labor on Friday morning, fell short of economists’ expectations of job growth but passed expectations for the unemployment rate after April’s disastrous jobs report signaled critical issues in the United States’ recovery. Economists moderated their expectations from April to May, predicting 671,000 jobs added and an unemployment rate of 5.9%, according to The Wall Street Journal.

And the plunge in black and Asian unemployment (so don’t blame “inequality”)…

Experts were closely watching the May jobs report to see if the economy rebounded from April’s disastrous numbers when jobs added fell far short of the nearly 1 million expected and the unemployment rate ticked up to 6.1%. The May report would either confirm or alleviate fears that the April report signaled problems in the U.S. recovery. Read More

Intel Community Warns Biden of Terror Threat at Mexican Border

Written on . Posted in PT World Order.

Washington Free Beacon: Intelligence officials told the White House in a classified briefing that individuals with ties to terrorist groups may be illegally crossing the southern border, contradicting claims by Democrats that the immigration crisis does not constitute a national security threat.

Immigrants with connections to Islamic terrorist groups have begun taking advantage of what one senior Customs and Border Protection official called “a porous border.”

In April, border patrol officers arrested two Yemeni nationals on a terrorist watch list. National security officials have pledged to assist officers in counterterrorism operations at the U.S.-Mexico border to help the strapped agency handle the influx of threats, according to a memo reviewed by the Washington Free Beacon.

The classified report on Yemeni nationals received “positive feedback” from senior Biden officials, according to one government document. It remains unclear whether the Biden administration ordered the study, which was written by Customs and Border Protection in conjunction with the National Counterterrorism Center. The White House did not respond to a request for comment. Read More

 

UN “Worried” As Global Food Prices Soar To Ten Year High

Written on . Posted in PT Global Economy.

Zero Hedge: Back in December, SocGen’s resident market skeptic Albert Edwards shared with the world why he is starting to panic about soaring food prices. And since that was before food prices really took amid broken supply chains, trillions in fiscal stimulus and exploding commodity costs, off we can only imagine the sheer terror he must feel today.

“And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.” Rev. 6:6

A United Nations index of world food costs climbed for a 12th straight month in May, its longest stretch in a decade, rising to the highest in almost a decade, heightening concerns over bulging grocery bills.

All five components of the index rose during the month, with the advance led by pricier vegetable oils, grain and sugar.

Month after month, the UN’s Food and Agriculture Organization’s food price index continues to soar to levels not seen in a decade. Soaring food prices have tremendous implications on societal trends and may result in unrest in emerging market countries if trends persist. 

For May, the FAO Food Price Index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat, and sugar, surged to an average of 127.1 points in May, 4.8% higher than in April and 39.7% higher than in May 2020. Read More

So You Want a Zionist Government with Anti-Zionist Arab Ministers

Written on . Posted in PT Middle East.

Jewish Press: The new right-center-left government which may or may not pass a Knesset vote of confidence a week from Monday (or earlier) has reached two never before seen milestones in Israeli politics: for the first time, a religious Orthodox Jew will serve as prime minister; and two Arabs will hold ministerial portfolios.

Curiously, the left in Israel is not exceptionally troubled by a religious PM, but the right is unsettled by the Arab participation, and not because right-wing Jews are supposedly anti-Arab, but because these two Arab ministers have not accepted the Zionist narrative of the Jewish State. Neither one, in fact, attempts to hide his anti-Zionist views (keep reading below to see their most recent statements).

This proposed new government also has to be the most ideologically conflicted assembly of Israelis, never mind political parties. And about some of these coalition parties, we’re not even sure how to classify them. We know Meretz and Labor are radical left-wing. We also know Yamina and New Hope are right-wing. But is Avigdor Liberman’s Israel Beiteinu right or left?

It’s certainly right-wing on economic issues. But its bread and butter voters, Israeli Russians, object to religious restrictions associated with the Haredi parties. Likewise in Yair Lapid’s Yesh Atid – Lapid rose to power in 2013 by promising to cut Haredi dependence on the dole and kept his promise – as finance minister he made sure they were so independent they could starve. But Yesh Atid is also home to some defense policy hawks with nothing in common with the likes of Meretz.

The great messianic figure that unites all of them is Prime Minister Benjamin Netanyahu they all wish to see gone from Israel’s politics.  Read More

UFO sightings by Navy pilots could be aliens or new hypersonic technology from Russia or China

Written on . Posted in PT World Order.

Daily Mail:

  • The unidentified aerial phenomena remain unidentified, though officials definitively said they are not a part of a secret U.S. government project
  • Senior officials told The New York Times that they are worried China or Russia could be experimenting with hypersonic technology
  • If that is the case, hypersonic research in Russian and China has ‘far outpaced’ the same research in the United States, the officials said
  • An unclassified version of the intelligence report is expected to be released to Congress by June 25 

Government officials have leaked details about the highly anticipated classified report on UFO sightings expected to be released this month, noting that there is no evidence to support that they are alien spacecraft.

But the report does not rule aliens out either, senior administration officials who were briefed on the report told The New York Times.

The report also theorizes the objects could also be new weapons developed by Russian or China – and definitively says the phenomena are not a part of a secret project from within the United States government.

Still images from a newly released video show a spherical object diving into the Pacific Ocean off the coast of California. Investigative journalist Jeremy Corbell says the video shows 'FLIR [forward looking infrared] data' that is complimented by the radar footage

The report looks at more than 120 incidents of unidentified objects seen by U.S. Navy pilots in the past 20 years.

The UFOs were observed moving in patterns that remain difficult to explain, including their acceleration, ability to change direction and ability to submerge underwater.

Senior officials told the outlet that the objects could be evidence of Chinese or Russian hypersonic technology – which means the countries may have ‘far outpaced’ the US in weapons development.

Hypersonic weapons are aircraft and missiles that can reach atmospheric speeds faster than Mach 5, or or about 4,000 miles per hour – making them almost impossible to intercept.

Read More

 

What does a Bennett-Lapid government mean?

Written on . Posted in PT Middle East.

Naftali Bennett and Yair Lapid

“This looks to me like a car with four different wheels, and every wheel is going in a different direction,” said Lt. Col. (res.) Dr. Mordechai Kedar. “The only thing they agree upon is the need to get rid of [Benjamin] Netanyahu. This objective will be achieved in the first minute of this government.”m

JNS: Yesh Atid Party head Yair Lapid and Yamina Party head Naftali Bennett announced on Wednesday that they have secured an agreement to form Israel’s next government, thereby likely ending the 12-year consecutive term of Benjamin Netanyahu as the country’s prime minister.

The new government will be unprecedented in its composition, consisting of seven parties spanning the entire Israeli political spectrum, plus the backing of an Arab party for the first time. As such, questions remain over the ability to successfully govern such a disparate group of parties at a time when the country faces serious security threats stemming from Iran and its terror proxies, as well as internal social discord between Jews and Arabs.

Nevertheless, most analysts JNS spoke with were hopeful, especially when it comes to  improving U.S.-Israel ties. Read More

Netanyahu, Battling for Political Life, Attacks Deal to Unseat Him

Written on . Posted in PT Middle East.

Algemeiner: Israeli Prime Minister Benjamin Netanyahu on Thursday fought back against an agreement by his political opponents for a government of left-wing, centrist and right-wing parties aimed at unseating him.

Netanyahu, facing the prospect of an end to his 12-year run as premier, said on Twitter “all legislators elected by votes from the right must oppose this dangerous left-wing government,” and he targeted historic Arab participation in the coalition.

The right-wing leader mounted the social media attack the day after centrist politician Yair Lapid’s announcement, about 35 minutes before a Wednesday night deadline, that he had succeeded in forming a governing coalition.

Naftali Bennett: An Israeli kingmaker rises again

 

Under the deal, nationalist Naftali Bennett, 49, a former defense minister and a high-tech millionaire, would become prime minister and hand over the post to Lapid, 57, a former TV host and finance minister, in about two years. Read More

HIGH SCHOOL COACH ALLEGEDLY MAKES JEWISH PLAYER EAT PORK AS PUNISHMENT

Written on . Posted in PT World Order.

Out Kick: Coach Wattley Marcus and seven assistants at Canton McKinley High School football have been suspended after allegedly forcing a Jewish player to violate the tenants of his religion by eating pork.

McKinley is a considered traditional Ohio football power and plays home games at Tom Benson Stadium on the campus of the Pro Football Hall of Fame.

The attorney for the family of the football player, Edward L. Gilbert, alleged that the football coaches knew that the player is Jewish and keeps Kosher, but demanded he eat an entire pizza anyway.

Kenny Walker, center, listens as his attorney Ed Gilbert, front, speaks on behalf of the family during a press conference in Akron on Tuesday. The family plans to file a lawsuit against Canton City School District because they say the football coaches forced their son to eat pork, which is against his religion, as punishment for missing a voluntary practice.

“They order him to go into the gym. He sits in a chair,” Gilbert said, via WOIO-TV. “There is a pizza box on the floor. He picks up the pizza — they tell him he has to, as punishment, eat that whole pizza.”

Gilbert added that the player’s religious beliefs are known by the coaches and his teammates. Read More

Saudi And Russian Oil Producers Benefit From “Climate Activism” Lobbed At Western Producers

Written on . Posted in PT Global Economy.

Zero Hedge: Believe it or not, oil companies in Russia and Saudi Arabia are cheering on climate activists who are doing battle with names like Shell and Exxon.

That’s because wins in the courtroom for activists against Shell, Chevron and Exxon have been a tailwind for Saudi Aramco, Abu Dhabi National Oil Co and Gazprom. The pressure for U.S. names to cut carbon emissions faster pushes more business to companies in Saudi Arabia and Russia, and to OPEC, Reuters reports.

“I will turn you around, put hooks into your jaws, and lead you out, with all your army, horses, and horsemen, all splendidly clothed, a great company with bucklers and shields, all of them handling swords.” Ez. 38:4

Among the recent wins was a Dutch court ruling that required Shell to “drastically cut emissions”. Exxon and Chevron also both activist battles with shareholders who have accused the giants of not being proactive enough in addressing climate change.

Amrita Sen from consultancy Energy Aspects said: “Oil and gas demand is far from peaking and supplies will be needed, but international oil companies will not be allowed to invest in this environment, meaning national oil companies have to step in.”

The Saudis, meanwhile, don’t seem quite as alarmed by the issue of climate change Read More