06 Market

Blurb:

The state of Texas has secured an “historic” $1.375 billion settlement agreement with Google

The October 31 announcement from Texas Attorney General Ken Paxton’s office marked the conclusion of two of the largest data privacy enforcement actions ever brought by a single state against the tech giant. Paxton sued Google for unlawfully tracking and collecting users’ private data regarding geolocation, incognito searches, and biometric data in 2022.

“This historic $1.375 billion price tag for Google’s misconduct sends a clear warning to all of Big Tech that I will take aggressive action against any company that misuses Texans’ data and violates their privacy,” said Paxton in a press release. “If Big Tech thinks they can get away with abusing user data and illegally spying on Texans without consequences, I will make sure they are proven wrong. This monumental settlement is a testament to my office’s commitment to taking on the biggest companies in the world and securing victory on behalf of Texans.”

“The settlement obtained by Attorney General Paxton for these combined abuses far eclipses that of any other one state’s settlement against Google for similar claims, with the largest single-state settlement to date outside of Texas being $93 million,” declared the AG office.  “Additionally, a forty-state coalition secured $391 million in its privacy case against Google, which is almost one billion dollars less than what Attorney General Paxton secured for Texas alone.”

Blurb:

SNAP food benefits for around 42 million Americans could resume as early as Wednesday, Treasury Secretary Scott Bessent said on Sunday morning, after two federal judges ordered the Trump administration to use emergency funds during the government shutdown. The action follows rulings on Friday by federal judges in Massachusetts and Rhode Island directing the administration to draw on emergency resources to continue Supplemental Nutrition Assistance Programme payments. Judge Jack McConnell of Rhode Island also instructed that the funds be provided “as soon as possible,” CNBC reported. Boston Judge Indira Talwani gave the administration until Monday to inform her whether it will authorise at least reduced SNAP benefits for November. The aid was originally set to be cut off on November 1.

Blurb:

Since when has it been the job of the U.S. taxpayer to fund the grocery bills of immigrants? Because one Iraqi refugee said he would not be able to stay in this country without government support. And to call that a personal problem would be an understatement.

According to KVOA:

The uncertainty has left refugees like Bakr Rajab from Iraq worried. Rajab, who arrived in Pima County last December with his wife and two children, expressed his concerns.’

The wanna-be world czar Bill Gates signaled to the world that the climate change hoax jig was up after admitting “The doomsday outlook is causing much of the climate community to focus too much on near-term emissions goals, and it’s diverting resources from the most effective things we should be doing to improve life in a warming world. The biggest problems are poverty and disease, just as they always have been.”

This signals a potential shift in globalist strategy from promising to save the world from human greed and the brown people from the white devil, they’re going to go back to the basics, economic class. President Trump wasn’t letting Gates surrender so gently, however.

He quipped back, “I (WE!) just won the War on the Climate Change Hoax. Bill Gates has finally admitted that he was completely WRONG on the issue,” he added. “It took courage to do so, and for that we are all grateful. MAGA!!!”

Blurb:

President Donald Trump said opponents of the “climate change hoax” had won the struggle after Bill Gates said supporters should pivot their efforts.

Gates has been a longtime proponent of policies to fight climate change, but on Monday he took a far more moderate tone that accepted the survivability of slightly higher global temperatures.

‘Bill Gates has finally admitted that he was completely WRONG on the issue.’

“I (WE!) just won the War on the Climate Change Hoax,” the president wrote on his Truth Social account.

“Bill Gates has finally admitted that he was completely WRONG on the issue,” he added. “It took courage to do so, and for that we are all grateful. MAGA!!!”

Blurb:

The ongoing federal government shutdown has put into question whether the federal government will continue to fund the Supplemental Nutrition Assistance Program (SNAP) in November. SNAP is one of the most important safety net programs in the United States, providing food assistance to 42.7 million people in an average month in 2024, at an annual cost of just over $100 billion. Policymakers often debate specific aspects of SNAP, such as the prudence of work requirements and sugary beverage restrictions, but hardly anyone has called for scrapping the program entirely.

SNAP benefits are currently paid entirely by the federal government, with funds delivered to states which then distribute the aid to families. But due to the ongoing shutdown, the Department of Agriculture has announced that they will not be able to transfer the necessary funds to the states for the month of November until the government reopens. Some have argued that the Department of Agriculture could utilize its stockpile of contingency funds to fund benefits, but the department has stated that they can only supplement already appropriated funds.

Using the Survey of Income and Program Participation (SIPP), I estimate the effect of suspending SNAP benefits in November on the number of people in poverty in the United States. The SIPP provides monthly data on families, their incomes, and participation in government programs. Relative to other frequently used surveys, it suffers from less misreporting of income and benefits. It is also the source for monthly poverty rates published by the Census Bureau.

For the 13th time, the U.S. Senate has failed to reach the 60 votes needed to pass the continuing budget resolution that would re-open the government. The vote was 55-45, with two Democrats breaking ranks and voting for the CR while one Republican voted against the CR. Getting a clear picture of the differences between the two is near impossible, with AI tools doing little more than carrying DNC talking points.

From the White House: FACT: Democrats’ proposal would result in nearly $200 billion spent on healthcare for illegal immigrants and other non-citizens over the next decade — enough to fund the entire Children’s Health Insurance Program.

While the DNC CLAIMS it’s not defending illegal aliens from losing healthcare coverage, Republicans insist they do. The language used by the DNC and its illegal campaign advertisers (with Reuters doing the most offensive work) is intentionally obtuse beyond defiantly declaring the DNC doesn’t want to fund illegal aliens. For now, MIA’s stance is the evidence points to the DNC wanting to fund illegal alien healthcare, or worse, destabilize America for the Progmerican revolution to grow.

Senator John Fetterman (D-PA) is breaking ranks, saying to his own party, “As a committed Democrat, I’m dismayed my party is playing chicken with the food security of 42M Americans. I reject a political gamble that exposes a vulnerable constituency to widespread deprivation and chaos.”

This tactic appears, more and more, about causing “widespread… chaos” for the intentional of revolution than anything else. Read why the DNC should be declared a terrorist organization on pg. 2, remembering the American left STILL exists and should NOT be caught up in the judgement to come for the leaders of the Progmerican left.

Blurb:

U.S. Treasury Secretary Scott Bessent has pushed back against the media narrative surrounding the current government shutdown, telling ABC News that the American people are hostage to the poll numbers of Democratic leaders.

Host Martha Raddatz asked Bessent on ABC’s “This Week” program whether President Trump should meet with Democrats as federal workers are beginning to suffer under the shutdown.

Bessent responded, reminding Raddatz that Democratic leadership is dug in, telling her, “The American people are hostage to Chuck Schumer and Hakeem Jeffries’ poll numbers! 52 Republican senators have voted 11 times to reopen the government.”

Blurb:

Recently, in an unprecedented move, Ontario’s provincial government intruded in American politics by trying to divide the Republican Party regarding tariff policy.  They did this knowing that there are two strands of GOP thought on tariffs: a pro-free trade belief, and a pro-tariff belief, which the Canadians hope to exploit in their ongoing trade battles with the U.S.

Which brings me neatly back to the issue of higher tariffs.  Once again, I am analyzing this as a political issue, and not as an economic one.

The historical GOP was a big fan of tariffs.  Abraham Lincoln brought them over from the “American System” of the Whig party, of which he was a prominent proponent.  In 1896, the GOP doubled down on them under William McKinley, whom President Trump has praised.

Blurb:

SINGAPORE: Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow’s two biggest oil companies, multiple trade sources said on Thursday (Oct 23).

The move comes as refiners in India, the largest buyer of seaborne Russian oil, are set to sharply cut their crude imports from Moscow to comply with the US sanctions imposed over the Kremlin’s invasion of Ukraine.

A sharp drop in oil demand from Russia’s two largest customers will put a strain on Moscow’s oil revenues and force the world’s top importers to seek alternative supplies and push up global prices.

Blurb:

It has been about six months since we last wrote about the Strategic Petroleum Reserve (SPR).

When President Donald Trump issued an executive order declaring a “national energy emergency,”’ he directed the Department of Energy (DOE) to prioritize refilling the SPR to its full capacity, which is approximately 714 million barrels.

At the time, the reserve held around 394 million barrels-about 55% of capacity-after historic drawdowns during the Biden administration. As a reminder, in April 2024, the Biden administration refused to purchase oil to refill its reserves.

Blurb:

Elon Musk has made headlines again, this time sharply criticising NASA’s leadership as the competition to return to the Moon intensifies. The SpaceX CEO publicly questioned NASA administrator Sean Duffy’s competence, suggesting he lacks the intelligence to effectively lead one of the world’s most influential space agencies. Musk’s comments come in the wake of NASA’s announcement that lunar lander contracts will be opened to multiple competitors, not just SpaceX. Highlighting his frustration with what he perceives as weak leadership, Musk argued that America’s space programme requires stronger, more capable guidance.

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President Donald Trump’s administration is preparing to cut thousands of employees from the Environmental Protection Agency (EPA) as the longest government shutdown in history continues with no end in sight.

The move is in accordance with Trump’s promise to cut federal workers if a government shutdown ensued, Breitbart reported.

The federal government has been shut down since October 1 as the Democrats continue to block Republican deals that would have kept the government open through the end of the year.

Blurb:

Artificial intelligence is accelerating the scale and potency of the malicious activity in your email inbox. These threats no longer obvious; instead, they take the shape of professional and sophisticated messages tailored to your interests and current correspondence. But with the cybersecurity landscape quickly shifting due to AI-powered illicit activity, how can we ensure a secure inbox? And what would that practically look like?

Shane Tews spent some time discussing this and more with Cy Khormaee and Ryan Luo, co-founders of AegisAI. Cy and Ryan have spent a combined 12+ years at the forefront of cybersecurity, working to help reimagine and practically apply security on a personal level.

Blurb:

Russia said Thursday that new U.S. sanctions on its oil industry risked hurting diplomatic efforts to end the Ukraine war, and that it had developed a “strong immunity” to them.

U.S. President Donald Trump announced new sanctions on Russia’s two largest oil companies on Wednesday, complaining that his peace talks with Russia’s Vladimir Putin were not going “anywhere.”

Trump held off introducing new restrictions against Russia for months, but his patience snapped after plans for a fresh summit with Putin in Budapest collapsed.