Welcome to the Golden Era Initial jobless claims just did something they haven’t done since 1969. New filings for unemployment benefits dropped to 187,000 for the week ending July 18 — a nearly 57-year low, and a much bigger drop than economists expected. Wall Street spend time debating whether this is “good” or “bad” news for the Fed. I think both sides are missing the real story. This isn’t a cyclical blip. It’s demographics finally showing up in the data. Birth rates across the developed world — the U.S., Europe, Japan, China, South Korea — have been falling for decades,…
Author: Tommy Grant
Sen. Richard Blumenthal is asking the Navy to account for conditions aboard the aircraft carrier USS Abraham Lincoln and detail the extensions to the ship’s original deployment schedule.The Connecticut Democrat, a member of the Senate Armed Services Committee, sent a letter on Wednesday to Defense Secretary Pete Hegseth and acting Navy Secretary Hung Cao seeking information about the carrier’s long deployment and reports of problems involving basic supplies, water, plumbing, mental health, deck safety and mail.The letter comes one day after a Military Times report that detailed concerns of family members who said multiple sailors aboard the Lincoln had attempted…
What Happened in 2026 So Far Gold has had an insane time this decade. Six years ago, in January 2020, gold’s price was $1,500/ounce. During the Covid-19 March Panic, the price was fell to $1,418 on March 18th, only to surge to a record high of $2,075/oz in August 2020, breaching the seemingly impossible $2,000/ounce benchmark, which many thought would never be done. In August 2020, just as gold hits this incredible new milestone, interest rates bottom. When I say that they bottom, I mean that they have gone near those levels again and who knows if they ever will.…
No Pain No Gain Ceuta is a Spanish city located on the North African coast. Its strategic position at the entrance of the Mediterranean Sea made it a historical prize. Phoenicians, Romans, and Visigoths ruled it sequentially. In 711 AD, the Umayyad Caliphate seized control, integrating it into the Islamic world. Portugal conquered the city in 1415 during the Age of Discovery. In 1580, Spain and Portugal united under a single crown. When the union dissolved in 1640, Ceuta’s residents chose to remain loyal to Spain. The 1668 Treaty of Lisbon officially recognized Spanish sovereignty over the enclave. Today, Ceuta…
The Pentagon will soon cover the cost for service members to freeze their sperm or eggs before they deploy to a danger zone or are separated from their significant others for more than six months on orders.In a notice expected in the Federal Register on Thursday, the Defense Department will launch a three-year pilot in September that will reimburse eligible troops to preserve their gametes before deployment.The benefit, required under the fiscal 2025 National Defense Authorization Act, will pay service members up to $500 per year for sperm retrieval and cryopreservation and $10,000 per year for egg preservation services.Those eligible…
Trump Holds Gold in his hand Courtesy: wvnews.com If you haven’t seen President Trump receiving gold last week, as a gift from mining executives, when announcing that the U.S. must become the mineral superpower, you missed the firing shot of the Wall Street bull market in commodities! Throughout the past 33 years, the U.S. has been engaged in systemic liquidation of its mining interests, deeming the resources it relies on, as a dirty industry, which can be outsourced. Last week, the Trump administration placed this industry at the top position in the hierarchy, literally saying that miners built the nation.…
The Army is opening military test ranges to private industry, the service announced this month, including a Michigan site where companies can test drones and counter-drone systems against electronic warfare conditions modeled after those in Ukraine. Companies will be able to request range access even if they do not have an ongoing partnership with the government, according to the release. The effort, the Army says, is designed to hasten the development and testing of drones, counter-drone systems, long-range fires and cheap interceptors. The service said it is launching four ranges in the U.S. and one internationally. The ranges include Dugway…
Editor’s note: This is a developing story.Two people are dead after an Apache helicopter crashed outside of Fort Hood, Texas, according to local authorities.Emergency calls reporting the crash came in around 1:34 p.m. Central Standard Time, said Cliff Coleman, a spokesperson for the Bell County Sheriff’s Office, during a news conference Wednesday afternoon. The individuals were pronounced dead at 2:30 p.m., he said, directing additional questions about the military statuses of the deceased to the Fort Hood Criminal Investigation Division. Fort Hood did not immediately respond to an inquiry.Earlier in the afternoon, Fort Hood announced that an Apache helicopter crashed…
The Department of the Air Force updated its COVID-19 reinstatement process Tuesday, aiming to boost the return of eligible service members after thousands across the military were involuntarily separated for refusing the COVID-19 vaccine in 2021.The department will now process screening requirements and the force’s Board for Correction of Military Records jointly and employ case managers to speed up the return, according to the release.“The Department of the Air Force has a resolute commitment to rapidly return affected service members to the ranks,” Assistant Secretary of the Air Force for Manpower and Reserve Affairs Honorable Richard L. Anderson said in…
A Maryland Air Force base was selected to receive nearly 30 HH-60W helicopters as a replacement for the base’s existing UH-1N “Huey” helicopters. Joint Base Andrews, Maryland, will receive 26 HH-60Ws, an advanced combat search and rescue helicopter, to replace their 26 UH-1N medium utility helicopters, according to a Wednesday release. As part of the transition to the HH-60W “Whiskey,” the base will gain 60 active-duty manpower positions, per the statement.JBA will stand up the 5th Helicopter Squadron on Aug. 27 as the first unit on base to receive the new helicopters. The 1st Helicopter Squadron will continue to fly…