Author: 5amResearch

ATLANTA – Mr Chris Licht, the former television producer who oversaw a brief and chaotic tenure as chairman of CNN, is out at the network. Mr Licht’s 13-month run at CNN was marked by one controversy after another, culminating in his exit earlier this week. He got off to a bumpy start even before he officially started when he oversaw the shuttering of the pricey CNN+ streaming service at the request of its network’s new owners, who were sceptical about…

The BRICS bloc’s push to create a new trade and reserve currency that can serve as an alternative to the dollar could start chipping away at the greenback’s hegemony in less than three months’ time, former CIA and Department of Defense advisor and investment banker James Rickards has predicted. “It involves the rollout of a major new currency that could weaken the role of the dollar in global payments and ultimately displace the US dollar as the leading payment currency…

Treasury officials have been accused of being asleep at the wheel on breaches of confidential government information. Officials were grilled on their knowledge of potential breaches of confidential Treasury data by former PwC partner Peter Collins, who has been referred to federal police to investigate the allegations. Greens senator Barbara Pocock hit out at Treasury’s decision to sign new confidentiality agreements with Mr Collins after they became aware of a possible breach. While Treasury officials told the committee they had…

WASHINGTON – US regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further pressure on the world’s biggest cryptocurrency exchange and sending bitcoin to its lowest in almost three months. The Securities and Exchange Commission (SEC) complaint, filed in a federal court in Washington, DC, listed 13 charges against Binance, Zhao and the operator of its purportedly independent US exchange. The SEC alleged that Binance artificially inflated its trading volumes and…

The U.S. government has given Chinese and Russian entities at least $1.3 billion for various research programs over the past five years, according to an analysis released Wednesday by Republican Iowa Sen. Joni Ernst and watchdog group Open the Books. The analysis revealed that millions of taxpayer dollars have been given to, among others, a Chinese software developer for military tech support, a Russian health insurance provider that has since been sanctioned and Chinese agriculture companies. And it showed the federal government…

“On Saturday, June 3, 2023, the President signed into law … H.R. 3746, the ‘Fiscal Responsibility Act of 2023,’ which suspends the public debt limit through January 1, 2025, and increases the limit on January 2, 2025, to accommodate the obligations issued during the suspension period,” it said. The bill also rescinds certain unobligated balances, expands work requirements for a number of federal programs, modifies environmental review processes, and terminates the suspension of federal student loan payments. Earlier, Biden said…

NEW YORK, May 30 (Reuters) – Bankrupt OxyContin maker Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion contribution to the company’s broader bankruptcy settlement, a U.S. appeals court ruled on Tuesday. The New York-based 2nd U.S. Circuit Court of Appeals said that U.S. bankruptcy law allows legal protections for non-bankrupt parties, like the Sacklers, in extraordinary circumstances. In a majority opinion written by 2nd Circuit Judge Eunice…

WASHINGTON — The U.S. Air Force walked back comments reportedly made by a colonel regarding a simulation in which a drone outwitted its artificial intelligence training and killed its handler, after the claims went viral on social media. Air Force spokesperson Ann Stefanek said in a June 2 statement no such testing took place, adding that the service member’s comments were likely “taken out of context and were meant to be anecdotal.” “The Department of the Air Force has not…

We’ve written a lot about AB 2273, California’s Age Appropriate Design Code (AADC) that requires websites with users in California to try to determine the ages of all their visitors, write up dozens of reports on potential harms, and then seek to mitigate those harms. I’ve written about why it’s literally impossible to comply with the law. We’ve had posts on how it conflicts with privacy laws and how it’s a radical experimentation on children (ironically, the drafters of the…

We’ve written a few times about California’s “Journalism Protection Act” (CJPA) from state Rep. Buffy Wicks, and many times about the terrible concept of such link taxes. Unfortunately, it looks like California’s bill is moving forward, with buy-in from the big media orgs and their journalists that will get the free pay offs from such an unconstitutional link tax. In response, Meta has now announced (as it has done elsewhere) that if California passes the CJPA it will simply stop…

Director of National Intelligence Avril Haines was the big star of a gala awards ceremony hosted by the Atlantic Council that was touted as the “Washington Oscars.” The Atlantic Council is a neo-conservative think tank, which has three former CIA directors on its board and another as a lifetime director. Paul Craig Roberts, the Assistant Secretary of the Treasury for Economic Policy under Ronald Reagan, called the Atlantic Council the “marketing arm of the military-security complex.” In 2015, it helped prepare a proposal to arm…

The symposium that was to take place on Sunday aimed to honor the memory of Dominique Venner, a historian who took his life exactly 10 years ago in the Cathedral of Notre-Dame de Paris as a “sacrifice” to “break with the lethargy that is overwhelming us,” to “awaken slumbering consciences.” “I rebel against fate. I protest against poisons of the soul and the desires of invasive individuals to destroy the anchors of our identity, including the family, the intimate basis of our…

Governments around the world are cracking down on free speech. What they are demanding includes the ability to read private encrypted text messages and invade homes in search of wrongspeech. Their demands thus go far beyond what the Censorship Industrial Complex was able to get away with over the last six years. And things are getting worse. Last week, the European Union announced it would punish Twitter for withdrawing from its supposedly “voluntary” censorship laws. “Twitter leaves EU voluntary code…

WASHINGTON — More than 1 million F-35 spare parts worth at least $85 million have gone missing over at least the last five years, according to a new Government Accountability Office report criticizing the program’s supply tracking. Auditors said that because the government doesn’t have its own system tracking those parts, officials may not truly know how many spare parts are actually in the global spares pool, where they are, or their total value. As a result, “the full quantity…

Michael Sasso, a Florida attorney, was selected by DeSantis to join the Central Florida Tourism Oversight District, which gained control of Walt Disney World’s special tax district through recent legislation. The reason for Sasso’s resignation remains unclear.However, Governor DeSantis appointed Sasso’s wife, Judge Meredith Sasso, to the state’s Supreme Court just last week. The latter’s husband is the managing partner of Sasso and Sasso, P.A., a law practice specializing in election law, complex business, and construction litigation.In response, Disney filed a lawsuit against DeSantis and other state officials, accusing them of harming its business by revoking Disney World’s self-governing status and engaging in a targeted campaign of government retaliation. The lawsuit claims that DeSantis orchestrated these actions to punish Disney’s protected speech, threatening its business operations, economic future, and constitutional rights.Governor DeSantis, who recently announced his official 2024 White House bid, has continued to clash with Disney. He recently filed a motion to disqualify the judge overseeing the First Amendment case, citing the judge’s previous comments regarding the Disney feud.

PORTLAND, Ore.—After a six-week trial in Portland, a federal jury found three former executives of Aequitas Management, LLC, and associated companies, guilty today for their roles in a vast fraud conspiracy. Evidence at trial showed the conspirators raised nearly $300 million from defrauded investors. Robert J. Jesenik, 63, former chief executive officer of Aequitas and resident of Lake Oswego, Oregon; Andrew N. MacRitchie, 59, formerly of Palm Harbor, Florida; and Brian K. Rice, 56, of Portland were found guilty of…