DEI Hiring Practices Led to DC Crash – PJ Media– pjmedia.com
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06 Market
Walmart’s “Gay” Christmas Birds Spark Frenzy: “Don’t Think [They] Did Their Research” – AOL
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Ashley St Clair, who claims she birthed Elon Musk’s 13th child, says she was told to keep the birth ‘a secret forever’ – The Independent
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Layoffs Expand at Federal Agencies, Part of Trump Purge – The New York Times
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Reform slams the door firmly shut on Boris Johnson and the Conservatives – but will it backfire? Keith Bays – GB News
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JPMorgan expects criticism over its DEI policy – Reuters
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Egypt’s Sisi talks Gaza hostage deal with World Jewish Congress president – The Jerusalem Post
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Javier Milei risks impeachment after endorsing $107M Libra rug pull– cointelegraph.com
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Mainstream politicians target far-right candidate in fiery German election debate – Financial Times
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David Tepper Loads Up on China-These 5 Stocks Stand Out – MSN
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China Says Stable Yuan Key to World Economy Hit by Strong Dollar – Yahoo Finance
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Australia bans foreigners from buying existing homes for two years– www.thehindubusinessline.com
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Scholz says Germans will decide their democracy for themselves, hitting back at Vance – WRAL News
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Europe is already sabotaging its own economy far more than US tariffs could, former ECB president says– fortune.com
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China’s Xi Jinping speaks to entrepreneurs in a rare high-profile meeting– www.cnbc.com
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Larry Ellison wants the U.S. to ‘unify all the national data’ and then feed it to AI – MSN
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Republican AGs from 19 states pressure Costco to revoke ‘illegal’ DEI policies after Trump’s executive order – MSN
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A Brief Timeline of L.A. Times Owner Patrick Soon-Shiong’s Transformation Into An Apparent MAGA Influencer – MSN
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Trump’s Strategy Could Revolutionize Housing Market by Liberating Fannie Mae and Freddie Mac – THE NORTHERN FORUM
Trump airs conservative complaints that Bank of America, JPMorgan deny services – MSN
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Why Trump’s Steel Tariffs Must Be Permanent › American Greatness– amgreatness.com
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CBS Drops a Most Tone-Deaf Segment About Government Workers– townhall.com
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MAGA influencer claims she’s secretly given birth to Elon Musk’s child and has been raising him for five month – Daily Mail
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Hundreds of protesters gather in Boston to oppose Trump and Musk – WCVB Boston
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Trump swings at Bank of America CEO Brian Moynihan and JPMorgan’s Jamie Dimon at Davos: ‘What you’re doing is wrong’ – MSN
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Elon Musk alleges $50b treasury fraud after federal judge limits DOGE data access – The Times of India
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Excerpt:
Elon Musk ignited a firestorm on social media after a federal judge issued an order temporarily blocking the department of government efficiency (DOGE) from accessing sensitive treasury department data. Musk responded with a barrage of posts on X (formerly Twitter), alleging widespread fraud in government entitlement payments.
The order, issued on Saturday by US district judge Paul Engelmayer, supports a lawsuit filed by 19 Democratic state attorneys general. They argue that granting DOGE “full access” to the Treasury’s payment systems violates federal laws safeguarding sensitive data, including social security, medicare, veterans benefits, and tax refund information. A hearing on the matter is scheduled for February 20. Until then, DOGE will have limited access to treasury data.
China challenges Trump tariffs at World Trade Organization – Yahoo News UK
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Excerpt:
China filed a World Trade Organization complaint against U.S. President Donald Trump’s new 10% tariff on Chinese imports.
In the Wednesday filing, China argues that the tariff, as well as Trump’s cancellation of a duty-free exemption for low-value packages are “protectionist” and break WTO rules.
It says the duties are discriminatory, and quote “are imposed on the basis of unfounded and false allegations concerning China.”
Beijing’s complaint also comes after Trump’s move to shut a trade loophole that allowed small-value packages to be shipped duty-free.
The so-called “de minimis” provision, used widely by e-commerce giants like Shein and Temu, exempted packages with goods worth less than $800 from duties.
State Farm seeks 22% emergency rate hike after receiving 8,700 wildfire claims – OCRegister
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Excerpt:
State Farm General requested a 22% emergency rate hike in California on Monday, Feb. 3 to cover losses from the Los Angeles County wildfires and stop its “financial deterioration,” the company wrote in a letter filed with the state’s insurance commission.
The property insurer, the state’s largest and a subsidiary State Farm Mutual Automobile Insurance Co., said it has received more than 8,700 claims from the Jan. 7 fires in Pacific Palisades and Altadena areas. The company said it has paid more than $1 billion to customers.
The company is seeing signs of rapid deterioration of its capital structure, according to the letter sent to Insurance Commissioner Ricardo Lara by Dan Krause, State Farm’s president and chief executive officer.
Krause wants Lara to take “emergency action” to help protect California’s fragile insurance market by immediately approving interim rate increases on its filings, with rates to become effective May 1. Besides the average 22% rate increase in homeowners’ insurance policies, State Farm requested a 15% hike for renters, 15% for condo owners and 38% for rental dwellings.
“We know we will ultimately pay out more, as those fires will collectively be the costliest in the history of the company,” wrote Krause. The rate increases are needed to help avert a dire situation for more than 2.8 million poli
U.S. Department of the Treasury Announces Plans to Borrow $1.665 TRILLION Over Next 6 Months– conservativeroof.com
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Excerpt:
The U.S. Treasury plans to borrow $1.665 trillion over the next six months, the department announced on Feb. 3 in its first estimate under Secretary Scott Bessent.
According to the Treasury Refunding Estimate, the Treasury projects borrowing $815 billion from January to March. This is $9 billion lower than the October forecast, driven by a higher beginning-of-quarter cash balance.
In the April to June period, the Treasury anticipates borrowing $123 billion.
The Treasury confirmed that it borrowed $620 billion during the October to December quarter, $74 billion higher than initially estimated. Additionally, it finished the three-month span with a cash balance of $722 billion.
Despite a judge’s order to extend the deadline at least until next week, President Trump’s “Fork in the Road” deferred resignation has already seen 40,000 government employees take the offer. U.S. District Judge George A. O’Toole Jr. extended the deadline to allow unions a chance to sue.
White House says 40,000 federal workers accepted deferred resignation– www.washingtonexaminer.com
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Excerpt:
On Thursday, U.S. District Judge George A. O’Toole Jr. ruled against President Donald Trump’s “Fork in the Road” deferred resignation offer deadline, extending it from Thursday to at least Monday to allow labor unions to challenge its legality. Before he could extend the deadline, however, tens of thousands of employees had accepted the offer.
According to White House press secretary Karoline Leavitt, 40,000 federal workers accepted the deal — eight months of pay and benefits until September. The total represents about 2% of the federal workforce.
The White House’s reported goal was between 5% and 10% of the federal workforce.
Certain specifics of the plan haven’t been disclosed, such as whether workers who accept the offer can go into the private sector while still receiving paychecks from the federal government or how pensions and other benefits are affected. Labor unions cast doubt that Trump would stay true to the agreement.
The offer was emailed to all federal employees by the Office of Personnel Management on Jan. 28. The memo, titled “Fork in the Road,” demanded that employees begin to adhere to a much stricter code or resign.
The memo said that the “reformed federal workforce” would be built around four pillars: return to the office, performance culture, a more streamlined and flexible workforce, and enhanced standards of conduct.