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Republicans threaten to sink Biden’s G7-backed plan to fix global tax system

Written on . Posted in PT Global Economy.

Guardian:

Joe Biden’s plans to overhaul the international tax system face mounting opposition from his Republican opposition who have called the proposals “crazy” and are threatening to block the historic deal’s passage in the US.

“And he said unto them, Exact no more than that which is appointed you.” Luke 3:12 KJV

The treasury secretary, Janet Yellen, has led the Biden administration’s attempts to broker a global agreement on how companies are taxed, which comes amid a wider push to reshape corporate taxation in the US.

Those efforts were rewarded over the weekend when the G7 group of wealthy nations backed a global minimum rate of at least 15% and agreed that countries should be able to tax some of the profits made by big companies based on the revenue they generate in that country, rather than where they are based for tax purposes.

But as Biden heads to London for the G7 summit, the US-led plan faces stiff opposition in Washington, where senior Republicans are lining up to kill the deal. Read More

Biden DOJ Retracts Promise to ‘vigorously’ defend religious schools’ exemption from LGBT activism

Written on . Posted in PT World Order.

LifeSite news: After at first promising to “vigorously” defend a religious exemption for federally funded religious schools in a case brought about by LGBT students and alumni, the Biden administration’s Department of Justice (DOJ) rushed to soften the language in its filing after being criticized by LGBT activists.

“You shall not lie with a male as with a woman; it is an abomination.” Lev. 18:22

While the initial statement from the Biden DOJ was welcomed by conservatives and denounced by progressive and LGBT political forces, the quick evolution of the DOJ’s wording is indicative of the true trajectory of Democrat policymaking in Washington: The Biden Administration fully intends to follow through on its promise to make the so-called Equality Act the law of the land, essentially crushing religious liberty in the United States of America.

At stake in the case is Title IX’s prohibition against sex discrimination — now interpreted to include sexual orientation and gender identity — but which allows exemptions for religious organizations for whom such an interpretation is antithetical to their beliefs.

And while it is incumbent upon the DOJ to defend current law, laws which serve to protect religious liberty and conscience rights for Christians are clearly in the cross hairs of the Biden Administration. Read More

Netanyahu’s final days: Last weekend at Balfour or last-minute surprise?

Written on . Posted in PT Middle East.

JPost: The musicians aboard the Titanic continued playing as the ship went down, acting as if they were oblivious to the disaster taking place that would soon submerge them.

Similarly, Prime Minister Benjamin Netanyahu has made a point of looking like he is continuing to do his job, as if this coming weekend will not be his final days at the Prime Minister’s Residence on the corner of Balfour and Smolenskin streets in Jerusalem.

And the Lord said unto Samuel, Hearken unto the voice of the people in all that they say unto thee: for they have not rejected thee, but they have rejected me, that I should not reign over them.

There are no moving trucks. There has been no speech acknowledging defeat. And of course, there has been no contact whatsoever with incoming prime minister Naftali Bennett, or anyone close to him. Read More

Over 11 Million Americans Are Still On Pandemic Jobless Benefits (Despite 9 Million Job Openings)

Written on . Posted in PT Global Economy.

Zero Hedge: Initial Jobless claims continued their slide week-over-week (from 385k to 376k), but remain near pandemic lows (but are still almost double those pre-pandemic levels)…

Pennsylvania saw the biggest weekly drop in claims (the opposite of the prior week when PA claims surged). Illinois saw the biggest jump in claims.

However, there are still over 15 million Americans on some form of government dole…

 

And despite over 9 million job openings, over 11 million Americans remain on some form of pandemic-specific unemployment benefits… Read More

Israel Defense Forces Strike Damascus Syria, As Netanyahu Struggles To Remain

Written on . Posted in PT Middle East.

Zero Hedge: Israel’s political situation is proving quite precarious for Prime Minister Benjamin Netanyahu. As a result, he’s struggling to prove that he’s required at the lead, since Tel Aviv’s enemies will allegedly flourish if Netanyahu is not there.

“The burden of Damascus. Behold, Damascus is taken away from being a city, and it shall be a ruinous heap.” Isaiah 17:1 KJV

Late on June 8th, Israel Defense Forces (IDF) struck various targets in southern and central Syria. According to Syrian media, air defense systems managed to shoot down some Israeli missiles which were fired from the direction of Lebanon.

Not all missiles were shot down and some caused damage. The Syrian Observatory of Human Rights claimed that violent explosions were felt in Damascus and around the city, followed by Israeli strikes on military positions of the Syrian Arab Army (SAA). It also claimed that 10 pro-government fighters were killed in the strikes.

Air strikes also took place in the south of Homs province and in the border zone between Homs and Tartus.

This is the first strike attributed to Israel in nearly a month, and it coincides with Netanyahu’s struggle to remain in seat. Read More

Inflation Nation: Consumer Prices Jump 5%, Fastest Pace Since 2008

Written on . Posted in PT Global Economy.

Breitbart: The Consumer Price Index rose five percent compared with a year ago, the Department of Labor said Thursday. On a monthly basis, the CPI rose a hotter than expected 0.6 percent.

Economists had expected the Labor Department to report that consumer prices rose 0.5 percent in May compared with April. The consensus forecast was for a 4.7 percent gain when measured against May of 2020, which would have been the hottest reading since skyrocketing energy prices pushed up the index in the fall of 2008.

The reading for core inflation, which strips out volatile food and energy prices, was expected to rise 3.5 percent compared with a year ago. That would have been the strongest annual increase in 28 years. On a monthly basis, economists were expecting a 0.5 percent gain.

In Thursday’s release, the government said core inflation rose 0.7 percent. On an annual basis, core inflation jumped 3.8 percent. This was the hottest reading since June 1992.

The index for used cars and trucks continued to rise sharply, jumping 7.3 percent in May. Compared with a year ago, used car prices are up 29.7 percent.

Energy prices were flat, with a drop in gasoline prices offsetting increases in electricity and natural gas. Food prices rose 0.4 percent. The index for airfares rose 7 percent compared with April and is up 24.1 percent compared with a year ago.

Federal Reserve officials and Treasury Secretary Janet Yellen have said they expect this rapid rise in the cost of living to taper off later this year. Read More

Only 12 Dems Condemn Ilhan Omar For Comparing U.S., Israel To Islamic Terrorists

Written on . Posted in PT World Order.

Daily Wire: House Democrats released a statement on Wednesday night condemning Rep. Ilhan Omar (D-NY) for comparing the United States and Israel to an Islamic terrorist organization. Only 12 Democrats condemned Omar, which is less than 6% of the total number of Democrats in the House of Representatives.

“Because ]the Lord has sworn: the Lord will have war with Amalek from generation to generation.” Exodus 17:16 

“We must have the same level of accountability and justice for all victims of crimes against humanity,” Omar wrote on Twitter earlier this week. “We have seen unthinkable atrocities committed by the U.S., Hamas, Israel, Afghanistan, and the Taliban.” Read More

UK prime minister set to ‘lead the way’ with vaccine passport scheme at upcoming G7 summit

Written on . Posted in PT World Order.

LifeSite News: British Prime Minister Boris Johnson has signaled that the G7 summit, to be held in Cornwall on the southwestern coast of England from June 11 to June 13, will be a chance for the U.K. to “lead the way” in a worldwide effort to implement an internationally recognized COVID vaccine passport scheme.

“The way of a fool is right in his own eyes,
But he who heeds counsel is wise. Proverbs 12:15

The summit, supposedly focused on uniting “leading democracies to help the world fight, and then build back better from coronavirus and create a greener, more prosperous future,” will also be used to “agree a common approach to verifying and sharing COVID Health Certificates across borders,” the Mail on Sunday reported.

The alleged benefit of an internationally recognized system of vaccine verification is to aid the beleaguered airline industry, hard-hit by lockdown restrictions and travel bans in countless countries across the globe. A summit document seen by the Mail on Sunday alleged that without such a system in place, the industry will become “paralysed” by bureaucracy, adding that an international system to “’verify that people have accurate tests or genuine vaccines” will overcome this apparently severe obstacle.

Johnson issued a call ahead of the summit, asking all G7 attendees “to make concrete commitments to vaccinate the entire world against coronavirus by the end of 2022,” according to a June 6 press release.

‘Bennett is evil – there will be a war against him’

Written on . Posted in PT Middle East.

Haredi political leaders declare incoming PM Naftali Bennett ‘a Reform Jew’, warn his government will destroy Israel as a Jewish state.

Arutz Sheva: Haredi lawmakers railed against Yamina chairman and Prime Minister-designate Naftali Bennett Tuesday afternoon, claiming the new government will threaten Israel’s future as a Jewish state.

“Pray for the peace of Jerusalem: they shall prosper that love thee.” Psalm 122:6

Shas chief and Interior Minister Aryeh Deri accused the incoming national unity government of planning to “uproot religion” from the country.

“The Jewish state is in danger,” said Deri. “It will uproot religion from the country. The new government is going to destroy the Jewish character and identity of the country which has allowed us to live together.”

United Torah Judaism chief and chairman of the Knesset Finance Committee Moshe Gafni demanded the Religious Zionist public distance itself from Yamina and Naftali Bennett. Read More