President Joe Biden announced a $36 billion bail-out of financially troubled pension plans

President Joe Biden announced a $36 billion bail-out of financially troubled pension plans

Pension funds need an annual profit of 6 to 7% to function. And how do you achieve that when government bonds have yielded 0 to 2% p.a. for the past 11 years? Yeah, using a government bail-out! The funds are...
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Borrell: EU military stockpiles ‘depleted’

Borrell: EU military stockpiles ‘depleted’

Josep Borrell – Vice-President of the European Commission: EU military stockpiles ‘depleted’ Darkest hour for warmongers – “Demilitarization of Ukraine” morphed into “Demilitarization of NATO”.  “We have given weapons...
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Dutch Gov’t Attempts To Forcibly Close 3,000 Farms To Comply With ‘Green’ Agenda

Dutch Gov’t Attempts To Forcibly Close 3,000 Farms To Comply With ‘Green’ Agenda

Dutch farmers protesting for months over the government’s radical ‘green’ plan to slash nitrogen emissions by 50% – 95% could soon face forced buyouts of their land. “For agricultural entrepreneurs, there will be a stopping schem...
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Turkish stealth UAV Kızılelma will be a substitute for the undelivered Lockheed Martin F-35 Lightning II

Turkish stealth UAV Kızılelma will be a substitute for the undelivered Lockheed Martin F-35 Lightning II

Turkish manufacturer Bayraktar announced that its first indigenous stealth supersonic unmanned fighter aircraft Bayraktar Kızılelma, has passed the first test runs. This is a very positive signal that the program is on the right track. Kızılelma is planned...
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JUUL Settles More Than 10,000 Lawsuits For $1.2 Billion

JUUL Settles More Than 10,000 Lawsuits For $1.2 Billion

Bloomberg just reported that e-cigarette maker Juul Labs has agreed to pay $1.2 billion to resolve about 10,000 lawsuits targeting the e-cigarette maker as a major cause of a US youth-vaping epidemic, according to people familiar with the matter. In...
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Wind auction nets $757M in California

Wind auction nets $757M in California

For the first time in history, the U.S. government on Tuesday started auctioning off sites for offshore wind development near America’s Pacific coast. The Bureau of Ocean Land Management (BOEM) took bids for the rights to develop wind turbines in...
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Boeing to rollout final 747 jumbo jet from Everett factory

Boeing to rollout final 747 jumbo jet from Everett factory

After more than half a century in production, the last example of Boeing’s 747 ‘Jumbo Jet,’ the iconic airliner that brought long-range wide-body air travel to the world, has rolled off the production line. With the closure of the production...
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US Approves $3.75B Sale of Abrams Tanks to Poland

US Approves $3.75B Sale of Abrams Tanks to Poland

The US government on Tuesday announced the approval of a $3.75 billion sale of 116 Abrams tanks and other equipment to Poland. “The proposed sale will improve Poland’s capability to meet current and future threats by providing a credible force that i...
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Germans banned from using nitrate fertilizers

Germans banned from using nitrate fertilizers

Farmers in Germany’s most populous state must severely rein in their use of certain fertilizing techniques under a new set of restrictions apparently aimed at making the industry more “green.” As of Thursday, farmers in North Rhine-Westphalia are requir...
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OPEC+ Leaves Production Quotas Unchanged

OPEC+ Leaves Production Quotas Unchanged

At its meeting on Sunday, the OPEC+ group decided to leave its production quotas unchanged. The cartel also announced that its next meeting will be in February and the one after that in June, marking the end of monthly meetings....
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Volkswagen Group CEO: High Energy Cost Make New EV Plants “Unfeasible”

Volkswagen Group CEO: High Energy Cost Make New EV Plants “Unfeasible”

Incentives to buy an EV are starting to vaporize into thin air in places like Japan and the U.K. Now, the irony continues, as rising costs of energy in Europe, helped along by “green” energy policies, are making industrial projects...
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Osaka University researchers developed a system where hydrogen is separated and stored in liquid organic hydrogen carriers

Osaka University researchers developed a system where hydrogen is separated and stored in liquid organic hydrogen carriers

Osaka University researchers have demonstrated a proof-of-concept for a novel molecular hydrogen production method that bypasses the need for expensive purification steps. They developed a system where hydrogen is separated and stored in liquid organic hydr...
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USAF begins withdrawal of F-15 fighters from Japan

USAF begins withdrawal of F-15 fighters from Japan

The details were given in a 1st December U.S. Air Force media release, to announce the 18th Wing bid farewell to several F-15 Eagles from Kadena Air Base, Japan. This marks the first departure of Eagles as a part of...
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