"Political parties exist to secure responsible government and to execute the will of the people. From these great staffs, both of the old parties have ganged aside. Instead of instruments to promote the general welfare they have become the tools of corrupt interests which use them in martialling [sic] to serve their selfish purposes. Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people." -- Theodore Roosevelt

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by Tyler Durden

It is somewhat surprising (but also not surprising given energy scarcity fears) that after two-and-a-half years of war, hundreds of thousands of lives tragically lost, and brutal grinding warfare which has also killed many civilians on both sides... that the oldest and biggest economic link between Russia and Europe is still in place: the transit of Russian gas through Ukrainian territory.

Authored by Andrew Korybko via Substack,

The Taliban remain international outcasts due to their refusal to implement a truly ethno-politically inclusive government per their prior promises as well as their treatment of women.

by Tyler Durden 

 

The Wall Street Journal, citing people familiar with the matter, has revealed more details about President Biden's big announcement regarding China tariffs scheduled for next Tuesday. 

Authored by Mark Glennon via Wirepoints.org,

At $1.5 million per job, this new incentive package from the state is at least 15 times the norm. For this much money, the state could have just handed out a million bucks to 827 people, instead of creating 550 jobs.

By Mish Shedlock of MishTalk

The lie of the day is from the EPA: Carbon capture will pay for itself (thanks to IRA subsidies). No, it won’t even with subsidies. Expect blackouts and a higher price for electricity.