Month: May 2024

Companies are Slashing Away at Debt as Surging Inflation Casts Shadow over Interest Rate Cuts

Virginia Star Staff
Business meeting

Many companies are looking to cut down on their debts as recent high inflation reports have made borrowing more expensive as the prospect of interest rate cuts by central banks diminishes, The Wall Street Journal reported Wednesday.

Even companies with already high credit outlooks are deleveraging to boost their rating with top agencies and reduce debt costs that have increased along with interest rates, while firms with lower ratings are needing to cut debt to maintain profitable operations, according to the WSJ. Investors have had to adjust their view about when interest rates might decline in recent weeks as persistently high levels of inflation have made it less likely that central banks around the world, including in the U.S., will cut interest rates, reducing the cost of holding debt.

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Eight Newspapers Sue Open AI and Microsoft for Copyright Infringement

Just the News

The lawsuit comes after the New York Times filed their own suit against both companies in December. Authors such as Games of Thrones creator George R. R. Martin, John Grisham, and Jodi Picoult have also sued the companies for copyright infringement.

Eight American newspapers sued OpenAI and Microsoft on Tuesday, for alleged copyright infringement related to their chatbots, which they claim have been stealing millions of copyrighted articles without permission.

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Oklahoma Just Became the Latest State to Take Immigration Enforcement Into Its Own Hands

Virginia Star Staff
Oklahoma Gov. Kevin Stitt

Oklahoma’s Republican governor signed a sweeping immigration enforcement bill into law, making the Sooner State the latest to confront the border crisis through legislative action.

Gov. Kevin Stitt signed House Bill 4156 into law on Tuesday, one week after the Republican-controlled legislature sent it to his desk. The law, which is set to take effect on July 1, makes it illegal to reside in Oklahoma without legal authorization to be in the U.S.

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Commentary: Republicans Should Stop Complaining About Their Opportunities and Take Advantage of Biden’s Failures

Virginia Star Staff
Joe Biden

After I offered a perfectly accurate negative summation of current market/industry conditions when speaking on a business venture I can’t yet discuss (but that will be quite relevant indeed to the interests of our readers), I received an admonishment from my business partner: “Stop complaining about your opportunities!” It’s an even more accurate response than mine.

All too often we spend our time grousing about the state of the world, and yet, the worse things get, the greater the opportunity grows to take control and make them better.

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Commentary: Abortion Once Again at Forefront of Election

RealClearWire
United States Supreme Court

The prevailing belief in the Democratic Party is that abortion will again be a potent issue against Republicans in this year’s election cycle just as it was in 2022 – and that this time it will not just cost the GOP gaining the majority in the U.S. Senate, but also give Democrats the upper hand in retaining the presidency and winning back the House.

Abortion rights put the brakes on the Republicans’ chances in 2022 when the U.S. Supreme Court overturned Roe v. Wade, eliminating the constitutional right to abortion after almost 50 years; a decision that transformed American politics that year, benefiting Democrats who were on their way to a bruising midterm election defeat.

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‘Would Be Unacceptable’: Blinken and Netanyahu Meeting Hits Crossroads as Israeli Invasion of Rafah Looms

Virginia Star Staff
Secretary of State Antony Blinken with Israeli Prime Minister Benjamin Netanyahu

Secretary of State Antony Blinken and Israeli Prime Minister met in Tel Aviv on Wednesday to discuss the ongoing Israel-Hamas war — and disagreements over the next phase of conflict.

The Biden administration is backing an effort to reach a deal between Israel and Hamas for a temporary ceasefire and the delivery of humanitarian aid to Gaza in exchange for the release of hostages. During their meeting on Wednesday, Blinken discussed the ceasefire deal with Netanyahu and “the need to avoid further expansion of the conflict,” underscoring the Biden administration’s “clear position” on opposing an Israeli invasion of Rafah, the southernmost region of Gaza, according to a readout of the meeting.

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DEA Warns over Growing Prevalence of Xylazine in Illicit Fentanyl Supply

The Center Square
Bags of confiscated fentanyl

The U.S. Drug Enforcement Agency has issued another warning about the growing prevalence of a veterinary sedative in illicit fentanyl supply. 

For years, dealers have been mixing xylazine, a non-opioid tranquilizer approved for animal use, with fentanyl and other drugs to increase potency and profits. 

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House Probe into January 6 to Expand, Seek Interviews with Pentagon Officials and Democrat Staff

Just the News
Rep. Barry Loudermilk

House Republicans are expanding their investigation into the January 6 Committee and the security failures that led to the Capitol breach, planning to add staff and pursue new lines of inquiry, the Chairman of the subcommittee leading the investigation told Just the News.

Rep. Barry Loudermilk, Chairman of the House Administration Subcommittee on Oversight, told the “Just the News, No Noise” TV show on Tuesday that he aims to publish a final report by this summer after seeking interviews with top Pentagon officials and any former January 6 committee staff willing to come forward.

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Commentary: Big Money Behind the Astroturf Pro-Hamas Campus Riots

Virginia Star Staff
Pro-Palestine Protest

Pro-terrorist occupations and protests have exploded across American college campuses—coincidentally, as final exams approached. Many have asked how these Hamas-loving protesters seemed so organized, coordinated, and well-supplied. The source of funding and strategy has been an open question as tent cities and occupations pop up simultaneously at universities across the country.

Reports have begun to emerge that indicate the usual suspects have coordinated everything from tents to strategies to direct cash payments to agitators. This echoes the paid, coordinated riots that occurred in 2020, another presidential election year, after the death of George Floyd and the rise of Black Lives Matter (BLM).

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Congressional Probe Opened on ‘Mealy-Mouthed, Spineless College Leaders’

The Center Square
US Rep Virginia Foxx

For “mealy-mouthed, spineless college leaders,” actions will have consequences, the North Carolina congresswoman leading a key U.S. House of Representatives committee said Tuesday amid ongoing college campus disruptions.

The war between Israel and Hamas has led to significant demonstrations or encampments on at least four dozen campuses nationwide, a national observer of such activity reports. U.S. Rep. Virginia Foxx, R-N.C., with support of House Speaker Mike Johnson, R-La., said the Committee on Education and the Workforce she chairs has opened a congressional probe and on May 23 will hear from presidents of Yale and Michigan and the chancellor of UCLA.

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Feds Warn Employers Can Be Punished for Failing to Use Preferred Transgender Pronouns, Restrooms

Just the News
Gender Neutral Restroom

In landmark guidance, the federal commission created to fight racial and sexual discrimination declared Monday that employers that fail to use a worker’s preferred pronoun or refuse them the chance to use the restroom of their choice will be engaging in prohibited harassment.

The U.S. Equal Employment Opportunity Commission published the new harassment guidelines Monday after voting along partisan lines on Friday to approve them, even in the face of opposition from nearly two dozen red states. Three Democratic appointees approved the rules while two Republicans opposed them.

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Trump Leads Biden in Seven Swing States Including Pennsylvania, Georgia, Arizona: Poll

Tom Pappert
Trump Biden

Former President Donald Trump has now pulled ahead of President Joe Biden in seven battleground states, including Pennsylvania, Georgia and Arizona, according to polling released Tuesday.

Pollsters found Trump beat Biden by two percent in Pennsylvania, with the former president garnering the support of 47 percent of those polled compared to Biden’s 45 percent. Eight percent of Pennsylvania respondents told pollsters they are undecided.

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Top Democratic Leaders Say They Will Save Speaker Johnson from MTG-Led Ouster

Just the News
Congressman Hakeem Jefferies with Speaker Mike Johnson (composite image)

Democratic leaders in the House indicated Tuesday that if Rep. Marjorie Taylor Greene, R-Ga., attempted to oust House Speaker Mike Johnson, they would work against such a move.

“We will vote to table Rep. Marjorie Taylor Greene’s Motion to Vacate the Chair,” House Democratic Leader Hakeem Jeffries, Democratic Whip Katherine Clark, and Democratic Caucus Chair Pete Aguilar said in a statement, according to CBS News. “If she invokes the motion, it will not succeed.”

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Pentagon Says It Can’t Calculate Diversity Training Costs Because Congress Defunded DEI Offices

Virginia Star Staff
Soldiers

The Pentagon told Congress it could not provide a required accounting of diversity training to Congress because it didn’t have enough people working in Diversity, Equity and Inclusion (DEI) positions, the Daily Caller News Foundation has learned.

Congress mandated the Pentagon compile a report detailing how much the entire military spent on diversity training, salaries for DEI administrators and any impacts on recruiting and retention across the force that was due March 1, according to last year’s National Defense Authorization Act (NDAA), which sets defense policy for the next fiscal year. But the Pentagon is nearly two months behind the due date for the report after the same defense authorization act for fiscal year 2024 slashed the salaries of DEI personnel, effectively gutting the departments, the DCNF learned.

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Several GOP-Led States Ban DOJ Election Monitors From Polling Sites in 2024 Presidential Election

Just the News
Missouri Secretary of State Jay Ashcroft

Several Republican-led states said that they are banning U.S. Department of Justice election monitors from entering polling sites in the November general election after the agency sent observers to various states in the 2022 midterms.

When the DOJ announced that it was sending election monitors to polling sites in multiple states for the 2022 midterm elections, Florida and Missouri said that the department employees would not be permitted to observe the polls. Now, eight other states have said that they will also not allow DOJ election monitors to enter polling sites during the election this November, with some saying that banning them prevents federal interference in elections.

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Commentary: Efforts to Control Gaza Protests Threaten Free Speech and Academic Freedom

Virginia Star Staff
Pro-Palestine protest

When I was in college, one of my professors had written her PhD thesis on the cultural aspects of the post-civil-war militias, organizations that would evolve into the National Guard of today. These units proliferated at the time to give men, who lived in the shadow of their fathers’ and grandfathers’ Civil War service, a chance to emulate their exploits. When the Spanish-American War began in 1898, the men of these militias volunteered en masse. They finally had a chance to prove themselves worthy of their forbears and do something daring and dangerous.

My professor suggested that she and other academics were in an analogous situation. For them—and they were almost all on the left—missing out on the 1960s meant they missed out on a period of revolutionary change and ferment. For left-leaning academics, the 1960s was the era of breaking rules, smashing idols, and inventing new ideas and methods to address the abandonment of the old authorities. This period featured the debut of influential prophets of “unmasking” so prevalent in academic life today, such as Michel Foucault, Jacques Derrida, and Herbert Marcuse

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Virginia Rep Introduces New Bill Asking Department of Labor to Back Off Apprenticeship Programs

The Center Square
Apprenticeship Program

A new bill would push back on the U.S. Department of Labor’s ability to regulate apprenticeships.

The “Apprenticeship Freedom Act” from House Freedom Caucus Chair Rep. Bob Good, R-Va., was obtained exclusively by The Center Square.

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Congress Seeks to Unmask Funding for Students for Justice in Palestine and Its Anti-Israel Protests

Just the News
National Students for Justice in Palestine

The National Students for Justice in Palestine is a driving force in the anti-Israel protests sweeping across the country at college campuses. The national group says it supports 350 “Palestine solidarity organizations” throughout North America, primarily SJP chapters across America.

The funding of the student chapters largely come from U.S. universities, however, National SJP is funded through intermediaries and it is not required to disclose its own finances. This dark money arrangement has obscured funding sources and donations to the group and has spurred congressional interest.

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‘Economic Suicide’: Biden Admin Justifies Tax Hike Based on Racial Criteria

Virginia Star Staff
President Joe Biden

The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality.

Increasing taxes on capital gains and income-based wealth would reduce racial wealth inequality for black and Hispanic families, the Treasury Department outlined in the analysis published in mid-March. The Treasury points out that white families disproportionately hold assets subject to capital gains tax or are in a higher tax bracket, meaning a hike in those taxes would benefit black and Hispanic families.

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Commentary: The World Health Organization’s Pandemic Treaty Ignores COVID Policy Mistakes

RealClearWire
World Health Organization

The World Health Organization is urging the U.S. and 193 other governments to commit next month to a new global treaty to prevent and manage future pandemics. Current estimates suggest over $31 billion per year will be needed to fund its obligations, a cost most lower income countries cannot afford. But that isn’t the only reason to oppose it. Validating this treaty is a vote for the disastrous policies of the Covid years. Rather than taking time for deep reflection and serious reform, those pushing the pandemic treaty are set on ignoring and institutionalizing the WHO’s mistakes.

From the Spring of 2020, many experts warned that the panic begun in Wuhan’s unprecedented lockdown would cause wide-ranging damage—and indeed they did. School closures deprived a generation of children—especially poor children—of access to basic education. Businesses were shuttered. Vaccine and mask mandates made public health an authoritarian exercise of power devoid of science. Border quarantines promulgated the idea that the rest of the world is unclean.  

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Chinese Spy Ship Stalks US Warships During Military Drills

Virginia Star Staff
Chinese spy ship stalks US Navy Ship

At least two Chinese surveillance ships kept a close eye on U.S. Navy ships conducting military drills just outside of Philippine territorial waters in the South China Sea, according to media reports Monday.

U.S., Philippine and French warships initially set off from Puerto Princesa, the Philippines, on Thursday to complete the maritime component of the Balikatan 2024 military exercises, U.S. Naval Institute News reported. Once they entered international waters of the South China Sea to which Beijing has laid claim on Saturday, two People’s Liberation Army Navy (PLAN) warships were spotted stalking the multilateral formation within a few nautical miles, multiple outlets reported.

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