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YubNub News
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6 w

Cut Israel Off—for Its Own Sake
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Cut Israel Off—for Its Own Sake

[unable to retrieve full-text content]The Gaza war is terrible for Israelis as well as Gazans. The post Cut Israel Off—for Its Own Sake appeared first on The American Conservative.
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6 w

RBA Acts Again, Cuts Cash Rate to 3.85 Percent
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RBA Acts Again, Cuts Cash Rate to 3.85 Percent

The RBA Board said inflation had ‘fallen substantially’ from its 2022 peak, with higher interest rates helping bring demand and supply into better alignment.The Reserve Bank of Australia has lowered…
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YubNub News
6 w

Flashback: Legacy Media Pushed Pause for Biden’s Cancer but Blamed Trump for Assassination Attempt
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Flashback: Legacy Media Pushed Pause for Biden’s Cancer but Blamed Trump for Assassination Attempt

Legacy media wants to stop all the President Joe Biden cognitive decline talk. The public is not buying the fake narrative that it was fooled by the White House. We know the legacy media actively participated…
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Conservative Voices
Conservative Voices
6 w

WATCH: Trump on latest conversation with Putin
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WATCH: Trump on latest conversation with Putin

Follow NewsClips channel at Brighteon.com for more updatesSubscribe to Brighteon newsletter to get the latest news and more featured videos: https://support.brighteon.com/Subscribe.html
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Conservative Voices
Conservative Voices
6 w

Trump signs anti-revenge porn bill: 'Bipartisanship is still possible'
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Trump signs anti-revenge porn bill: 'Bipartisanship is still possible'

Follow NewsClips channel at Brighteon.com for more updatesSubscribe to Brighteon newsletter to get the latest news and more featured videos: https://support.brighteon.com/Subscribe.html
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Conservative Voices
Conservative Voices
6 w

‘Ready to work with the Ukrainian side’: Trump and Putin discuss ending Ukraine war
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‘Ready to work with the Ukrainian side’: Trump and Putin discuss ending Ukraine war

Follow NewsClips channel at Brighteon.com for more updatesSubscribe to Brighteon newsletter to get the latest news and more featured videos: https://support.brighteon.com/Subscribe.html
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Conservative Voices
Conservative Voices
6 w

‘The Five’ on the timing of Biden’s cancer diagnosis
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‘The Five’ on the timing of Biden’s cancer diagnosis

Follow NewsClips channel at Brighteon.com for more updatesSubscribe to Brighteon newsletter to get the latest news and more featured videos: https://support.brighteon.com/Subscribe.html
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Conservative Voices
Conservative Voices
6 w

Gutfeld roasts Hillary Clinton: 'ASSIGNED OPINION'
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Gutfeld roasts Hillary Clinton: 'ASSIGNED OPINION'

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Conservative Voices
Conservative Voices
6 w

Will Trump Seize the Moment for a Sovereign Wealth Fund?
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Will Trump Seize the Moment for a Sovereign Wealth Fund?

Politics Will Trump Seize the Moment for a Sovereign Wealth Fund? A sovereign wealth fund will cement the reform program started by the administration’s tariff strategy. Credit: TR STOK/Shutterstock As I stood in line to enter the Rose Garden in April alongside steelworkers clad in hard hats and auto workers proudly sporting their union attire, I realized this would be a different kind of White House event. Absent were the powerful Wall Street icons and multinational CEOs, replaced instead by a spirited group of Trump supporters from the margins—those who flipped Pennsylvania and Michigan from blue to red. These individuals are deeply passionate about reversing our current manufacturing decline, not only to preserve and strengthen our vital middle class but also to safeguard our national sovereignty. Yet I’m increasingly concerned that our nation, particularly its shrinking manufacturing base, has been so battered by foreign competition, stifling regulations, and shrinking margins that we’ve grown numb, if not wary, of the potential of the “new economy.” Many of the companies I meet with express skepticism toward the administration’s efforts, and, even as they yearn for their former customers, they seem uncertain about how to win them back. The bold moves by the current administration aren’t revolutionary; they’re drawn straight from textbook macroeconomic theory—concepts we’ve taught for decades. So why the hesitation? At its core, the theory is simple. Nominal GDP grows through injections: manufacturing output, public spending, investments, and exports. It shrinks through leakages: taxes, regulatory compliance costs, and savings. But a rising nominal GDP alone doesn’t guarantee prosperity—we need real GDP growth, which adjusts for inflation/deflation accurately to measure true growth. Governments have a robust toolbox to make this happen: reducing deficits, nudging investors from equities into Treasuries with lower interest rates (easing deficit refinancing), cutting regulations and energy costs to boost manufacturing, and deploying tariffs to spark demand for American-made goods. Another side benefit of tariffs and temporary equity market contraction is that it lowers the value of the U.S. dollar, which could stimulate our export market. With all this lined up to revive domestic manufacturing, why are American companies hesitant to jump in? Our manufacturers—and by extension, our workforce—have been conditioned to endure global pressures, lulled into complacency by decades of cheap imports flooding our markets. This influx has dulled the bravado that once defined us, luring the middle class into a false sense of security, much to the supercilious delight of the globalists. Meanwhile, firms have grown skeptical of polarized politicians “helping” with recovery schemes—cash infusions that enrich a select few cronies and pet projects, balloon the deficit, and leave the working class empty-handed. So why the wariness toward this administration’s plan to stimulate the economy and uplift workers? It’s just textbook economics, right? True, but it’s rare to see all these tools wielded at once. The Trump administration is doing exactly that—and it’s brilliant. The U.S. holds a unique advantage: the “bully pulpit” of the world’s dominant reserve currency and, per 2023 World Bank data, roughly 26 percent of global GDP. Yet our massive deficit and national debt are at breaking points. This moment demands bold action. How do we reignite U.S. manufacturers and ease their fears of policy flip-flops with each election? Enter one of President Trump’s executive orders, “A Plan For Establishing A United States Sovereign Wealth Fund.” According to the White House fact sheet of February 3, the secretaries of commerce and the Treasury had 90 days to design a U.S. sovereign wealth fund (SWF). These funds—common globally—amplify a nation’s assets for strategic gain. According to the White House, sovereign wealth funds exist around the world as mechanisms to amplify the financial return to a nation’s assets and leverage those returns for strategic benefit and goals. The United States can leverage such returns to promote fiscal sustainability, lessen the burden of taxes on American families and small businesses, establish long-term economic security, and promote U.S. economic and strategic leadership internationally. The U.S. already holds a vast sum of highly valued assets that can be invested through a sovereign wealth fund for greater long-term wealth generation. The federal government directly holds $5.7 trillion in assets. Indirectly, including through natural resource reserves, the federal government holds a far larger sum of asset value. Fueled by tariff revenues, this SWF could offer a federal “guaranty policy”—an insurance mechanism of sorts, to reimburse corporate investments if future administrations reverse course. This would shield companies and lenders from political volatility, fostering a stable foundation for citizens’ financial well-being. Well-defined programs could also incentivize small manufacturers to modernize and expand, with the state guaranteeing capital investments. We’re at the 5-yard line with the wind at our backs. Manufacturers and politicians must seize this moment, set aside partisanship, and cooperate to restore America’s greatness. The tools are proven, the strategy is sound, and the stakes couldn’t be higher. We have a mandate. Have we lost our competitive will—or are we just scared to act? The answer lies in what we do next. The post Will Trump Seize the Moment for a Sovereign Wealth Fund? appeared first on The American Conservative.
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6 w

Nuclear Deterrence Is Over
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Nuclear Deterrence Is Over

Foreign Affairs Nuclear Deterrence Is Over The Russia–Ukraine and Indo–Pak conflicts have undercut the threat of the Bomb. There are, roughly speaking, three schools of doctrine on nuclear defense. The first and dominant is the line of thought emanating from John von Neumann, father of the computer: “Mutual assured destruction” (MAD), the certainty of catastrophic nuclear reprisal, will deter wars between nuclear-armed powers. This has in practice been the actual frame for nuclear weapons policy since the early days of the Cold War. The second line, from the physicist Herman Kahn, posits a winnable nuclear war; in the era of the nuclear submarine, a true decapitation strike seems less viable than it did in 1960.  The third accepts the premise of MAD, but inverts the conclusion: The threat of nuclear reprisal discourages nuclear war, but does not preclude the possibility of purely conventional conflict between nuclear-armed powers. An early and prominent exponent of this heterodoxy was the British Member of Parliament Enoch Powell, who believed that the drawdown of conventional military forces was based on a misguided trust in the security afforded by the bomb. Already in 1949, he wrote, “When atom bombs are a stock line in the principal arsenals of the world, the absolute certainty of reprisals reduces the likelihood of their being used, though it cannot, of course, eliminate the possibility. Nevertheless, the atom bomb in World War III may be like poison gas in World War II – a constant potential menace, but never an actual one.”  More pointedly, during a 1970 parliamentary debate, he said, “I have always regarded the possession of the nuclear capability as a protection against nuclear blackmail. It is a protection against being threatened with nuclear weapons. What it is not a protection against is war.” Powell’s view was not taken terribly seriously at the time, or after; indeed, the Thatcher government was preparing to draw down its Atlantic fleet when the Falklands War broke out, an infelicitous bit of timing on the Argentine part. As so often happens, it seems that he has been vindicated at a lag. The Russia–Ukraine war has been an interesting if hair-raising study in the potential of proxy wars between nuclear powers; for all intents and purposes, Ukraine is waging a war on behalf of NATO with NATO armaments, NATO intelligence, and NATO advisors, some of whom are directly operating weapons systems against Russian forces. (This all is conceded by the more honest sort of Ukraine hawk, who will say that we’re using cheap mercenaries to degrade a historical near-peer rival and, of course, to Teach China a Lesson.) Russia rattled its nuclear saber a bit in response to strikes on its core territory, but the bomb has pretty much been kept on the top shelf throughout the war. (Another vindicated Powellism: the observation that the “tactical” use of nuclear weapons is an absurdity.) Even more to the point was the most frightening thing to happen this century, which, of course, promptly dropped out of the headlines of Western newspapers within 24 hours of its conclusion: the brief war between India and Pakistan that broke out on May 7. No proxy kabuki here; India lobbed ballistic missiles directly into Pakistan, including in the environs of Pakistan’s nuclear command headquarters, and Pakistan’s air force directly engaged Indian jets in Indian airspace. Swift diplomatic action kept the conflict short, but the cat is still out of the bag: Nuclear-armed powers can have conventional battles without an inevitable spiral into nuclear war. What does it all mean, Mr. Natural? First, that nuclear proliferation—as occasionally suggested as a solution for containing China and its proxies in the Pacific—is not in fact a guarantee of peace or a deterrent to wars of expansion. Second, that, as policymakers observe these empirical limits on nuclear deterrence, we can expect to see more such conventional wars. (A handful of political scientists in the past 60 years predicted this, dubbing the dynamic the “stability–instability paradox.”) Third, that the cultivation of conventional armaments, particularly drones and the allied technologies in computing and E/M emission, will decide the national power rankings of the near future. The apparently dominant assumption in the American military–industrial complex that conventional weapons are an expensive sideshow to our well-established nuclear program—that, so long as the Tritons are out there reliably prowling the seven seas, it doesn’t matter too much that our F-35s have a combat readiness of about 60 percent or that the 400-ship navy is an impossible dream—is dangerous if a robust defense establishment is in fact an American national interest. Some analysts, particularly our own Sumantra Maitra, have argued that the Cold War world system is giving way to an older style of international relations, the concert of powers. As the horror show of nuclear war has lost its power as a threat, slowly at first and then quickly two weeks ago, those analysts are looking more right than ever. Defense policy must follow, or the laggard powers will find themselves left totally behind.  The post Nuclear Deterrence Is Over appeared first on The American Conservative.
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