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Jersey Shore Residents Score Victory As Feds Revoke Offshore Wind Project Permits

Jersey Shore Residents Score Victory As Feds Revoke Offshore Wind Project Permits

It’s a massive win for Jersey Shore residents who have been fighting relentlessly against offshore wind power projects.

Federal officials revoked a permit for Atlantic Shores Offshore Wind on Friday, potentially delaying New Jersey’s first offshore wind project, according to APP.

Environmental Appeals Court Judge Mary Kay Lynch ruled to send the Clean Air Act permit, issued last September, back to the EPA. The agency requested the review in February to reassess the project’s environmental impact, following President Donald Trump’s January memorandum withdrawing the outer continental shelf from offshore wind leases for further review.

In 2021, the New Jersey Board of Public Utilities awarded Atlantic Shores Offshore Wind a contract for 1.5 megawatts of renewable energy off Atlantic City, but Friday’s court ruling now threatens the project’s future.

The APP report says that the EPA’s decision is the latest setback. In January, Shell, a project partner, withdrew, writing off $996 million in losses before its quarterly earnings report.

“Atlantic Shores is disappointed by the EPA’s decision to pull back its fully executed permit as regulatory certainty is critical to deploying major energy projects,” a company spokesperson said, emphasizing their commitment to “American energy dominance” and compliance with the permitting process.

Bob Stern of Save LBI, a group opposing the project, welcomed the ruling. The group had petitioned the federal government in October to review the permit. “That permit dealt with the air pollutant emissions from the project, particularly during the pile driving construction phase, and its impact on the air quality at the Brigantine National Wilderness Area where strict limits apply on air quality degradation,” Stern said.

Save LBI argued the air quality modeling was flawed, failing to account for emissions from offshore projects and not meeting procedural requirements. The wind farm, if built, would be about nine miles off the Jersey Shore at its closest point.

Stern concluded: “We are hopeful that other federal agencies, particularly the Interior Department and the National Oceanic and Atmospheric Administration will take note of this and reconsider their prior approvals, and (we) have written to both asking for that.”

Zero Hedge has observed similar efforts to fight the project near Brigantine, New Jersey, where residents have been vocal in their pushback against the project, erecting signs, affixing bumper stickers and even renting billboards to voice their opposition.  

Tyler Durden
Mon, 03/17/2025 – 15:20

The Fed’s Triple Mandate Problem: It’s Time To End The Confusion

The Fed’s Triple Mandate Problem: It’s Time To End The Confusion

Authored by Alexander Salter via TheDailyEconomy.org,

What is the Federal Reserve’s job? The standard answer is to maintain full employment and stable prices. 

This is what economists and commentators mean when they talk about the “dual mandate.” 

But there’s a problem—as a matter of law, the Fed’s mandate has three parts, not two.

The Federal Reserve Reform Act of 1977 established the Fed’s objectives as we know them today.

In addition to job promotion and price stability, the central bank is responsible for “moderate long-term interest rates.” It’s supposed to conduct monetary policy with all three goals in mind.

You almost never hear about the interest rate plank. There’s a tacit agreement among policymakers that this portion of the mandate is redundant. The Fed does all it can for interest rates when it achieves its employment and price stability goals.

As a matter of economic theory, this is a strong argument. Interest rates are prices for capital. These ultimately depend on the supply of and demand for loanable funds. We want markets to price capital such that the last additional amount supplied is just as valuable as the last additional amount demanded. This is a standard efficiency result from basic economics. Markets are good at pricing and valuation. Other than maintaining price stability, meaning a stable value for the monetary unit—prices are denominated in dollars, after all—there’s not much monetary policy can do to improve it.

But there’s a problem here. 

The law of the land requires the Fed to care about interest rates. Even if economists are right about the redundancy of the interest rate plank, nobody elected them to write the nation’s laws. You can’t substitute the judgment of a few macroeconomic experts for that of elected legislators without violating the democratic process.

Furthermore, the reasoning behind the alleged irrelevance of interest rates proves too much. The same arguments also imply that the Fed shouldn’t care about employment! Everything we said about capital markets also applies to labor markets. Supply and demand for labor finds the right balance between additional benefits and costs of working. The Fed does all it can for workers by focusing on price stability. If we truly believe that the interest rate plank is redundant, logic compels us to come to the same conclusion about the employment plank.

The Fed has just as much reason to start ignoring the employment plank as it has had for ignoring the interest rate plank in recent decades. If the central bank announced that it would henceforth interpret the employment and interest rate parts of its mandate as fully covered by the price stability part of its mandate, you can bet that economists, public intellectuals, and policy experts would raise a stink. For some reason, everyone views promoting employment as more important than stabilizing interest rates. Something tells me that this reflects political biases more than reasoned reflection.

Fortunately, there’s a way around this dilemma. We can improve Fed policymaking while also respecting basic democratic norms. The solution is to amend the Federal Reserve Act once more. 

The economists are, in fact, right about the irrelevance of the interest rate plank. They would also be right about the irrelevance of the employment plank if they would only follow their logic to its necessary conclusion. It’s time to end the capital-labor asymmetry by striking these parts of the Fed’s mandate.

But economic theory, even good economic theory, does not deserve citizens’ obedience. Duly ratified law does. Hence, democratically accountable legislators should narrow the Fed’s goal to price stability only.

This shouldn’t be a hard sell, politically. 

We’re less than three years out from crippling inflation. Prices during the summer of 2022 were rising at almost 10 percent per year. Even now, Americans are hopping mad about high prices. Eggflation, anyone? While many of these prices reflect non-monetary factors, the overall level of prices is much higher than it would have been had the Fed not overreacted to COVID-19. Frankly, it’s an indictment of our elected representatives—especially the Republicans, who campaigned on this—that they haven’t already refocused the Fed on one of the few things that it can control.

Central banking as a matter of law conflicts with central banking as a matter of policy. Resolving the tension is hopeless unless we both change the relevant statutes and stop selectively applying the economic way of thinking. Let’s fix both problems by making the Fed responsible for stable prices alone.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

Tyler Durden
Mon, 03/17/2025 – 14:40

One In Five Gen-Z/Millennial Women Identify As LGBTQ+

One In Five Gen-Z/Millennial Women Identify As LGBTQ+

Parsing through a Goldman note on the online dating sector, particularly focusing on Match Group (MTCH), Bumble (BMBL), and Grindr (GRND), the industry remains on a healthy upward growth trajectory. However, mature online dating markets are slowing, while emerging regions (Asia ex-China) drive new user adoption. While Hinge outperforms Tinder, Bumble is restructuring its growth strategy, and Grindr continues penetrating the LGBTQ+ community.

Goldman analysts Eric Sheridan and Julia Fein-Ashley provided clients with the key takeaways of what’s currently happening across the online dating industry:

  1. We continue to forecast the directly addressable online dating user TAM to grow at a 4% CAGR from 2024-2029;

  2. Expect Asia ex-China to contribute to a large portion of new dating users and slower growth from more mature markets (i.e. UCAN [United States and Canada]/Europe growing at a 1% CAGR from 2024-2029); &

  3. Forecast Hinge to increase penetration in the addressable user market, driven partially by continued focus on the international opportunity (and scaling in new international regions/markets).

Sheridan leveraged third-party data and industry sources that found the latest trends: 

  1. Industry: UCAN user preferences continue to shift towards intentional dating and community/friendship oriented apps (a theme of industry narrowing at the application layer);

  2. GRND: the LGBTQ+ userbase size at Tinder/Hinge remains less scaled than Grindr &

  3. BMBL: commentary around Bumble’s decision to discontinue/sunset the Fruitz app.

Instead of analyzing the entire note, we highlight two interesting trends.

The first is Bumble for Friends. This app helps users build platonic relationships rather than romantic connections and has seen rapid growth over the last 18 months. 

More from the analysts:

Bumble for Friends (BFF) has continued to scale over the past 18 months, both in MAUs (now in double digits as a % of Bumble App MAUs in UCAN) and engagement (Exhibit 10). We view this as an area of increasing focus at Bumble, with mgmt. noting their increased focus on the friendship/community opportunity and shift in focus away from other apps (i.e. discontinuing Fruitz and Official apps

While BFF tends to have less of an impact on the number of total paying users, we view the app as providing a low-pressure alternative to dating apps and an additional acquisition channel specifically targeting younger (Gen Z) users.

The second is this…

“This, paired with LGBTQ+ identification being more common among American women (Exhibit 12) highlights that addressable user penetration rates at Grindr are likely higher than Tinder/Hinge (even when factoring in differences among addressable LGBTQ+ population),” the analysts noted. 

1 in 5 Gen Z & millennial women! 

It’s not a surprise after 15 years of woke propaganda jammed down the throats of all generations. 

To sum up, younger generations increasingly rely on friendship apps rather than engaging in real-world exchanges at bars, restaurants, churches, and other public areas, making eye contact, and simply saying “hello”—a tradition that has existed for thousands of years. Additionally, 15 years of woke has led to 1 in 5 women identifying as LGBTQ+ (maybe we’re missing a few letters and numbers).

Tyler Durden
Mon, 03/17/2025 – 14:20

Far-Left French MEP Demands Return Of Statue Of Liberty As US No Longer Stands For Its Values

Far-Left French MEP Demands Return Of Statue Of Liberty As US No Longer Stands For Its Values

Authored by Thomas Brooke via Remix News,

A far-left French MEP has called on the United States to return the Statue of Liberty, claiming the nation clearly doesn’t appreciate the monument or what it stands for.

French MEP Raphaël Glucksmann made the provocative remark on Sunday while addressing approximately 1,500 activists at his Place Publique party congress.

Glucksmann criticized certain American political decisions, claiming that the U.S. had forsaken the values of liberty that the statue represents.

“Give us back the Statue of Liberty,” Glucksmann declared, targeting “Americans who have chosen to switch to the side of tyrants.” 

He particularly condemned U.S. President Donald Trump’s administration for what he claimed was the dismissal of researchers in their pursuit of scientific freedom, suggesting that if the U.S. no longer values liberty, the statue would be more fitting in France.

“You have been given it as a gift, but apparently you despise it. So she will be very comfortable here at home,” Glucksmann said of the famous landmark.

His remarks were met with cheers from his supporters.

The Statue of Liberty, designed by French sculptor Auguste Bartholdi with engineering contributions from Gustave Eiffel, was gifted by the French people to the United States to commemorate their alliance during the American Revolutionary War. Unveiled on Oct. 28, 1886, the statue has since stood as a symbol of American democracy and freedom on Liberty Island in New York Harbor.

A vocal supporter of Ukraine, Glucksmann also criticized Trump’s disengagement from the conflict between Ukraine and Russia. He expressed concerns over the global rise of far-right movements, which he linked to Trump, Russian President Vladimir Putin, and French right-wing leader Marine Le Pen. In response, he called for “democratic resistance” to counter what he termed the “Trump and Musk fan club” in France.

Glucksmann further extended an invitation to American researchers who feel restricted by their country’s policies, stating:

“If you want to fire your best researchers, if you want to dismiss those who, through their freedom, innovation, and sense of inquiry, have made your country the world’s leading power, then we will welcome them.”

His party has distributed a flyer urging the creation of a political force to uphold the French values of “Liberty, Equality, Fraternity” by launching “training programs” to counter right-wing ideologies.

Read more here…

*  *  *

White House Spokesperson Caroline Leavitt made her feelings clear…  “It’s only because of the United States of America that the French are not speaking German right now. They should be very grateful…”

Tyler Durden
Mon, 03/17/2025 – 14:00

Trump Wants A Weak Dollar But Needs A Strong One

Trump Wants A Weak Dollar But Needs A Strong One

Authored by Mike Shedlock via MishTalk.com,

Trump wants the Fed to cut interest rates to weaken the dollar and boost exports. But that’s not what helped him get elected.

US Dollar Index courtesy of Stockcharts.Com, annotations by Mish

Conflicting Dollar Goals

It’s impossible to get what you want when you have conflicting goals.

Inflation was a key reason Trump won the election. In isolation, a weak dollar would help exports, but at the expense of rising inflation.

Tariffs are a tax on consumers and will slow the economy. Trump wants a strong economy.

Also, countries retaliate against tariffs which does not help exports. Nor does rising anti-US sentiment, especially in Canada.

Conflicting Interest Rate Policy

Trump wants the Fed to cut interest rates. That would weaken the dollar, but tend to cause yields on the long end of the interest rate curve to rise.

Mortgage rates would rise. Housing is already in the gutter. Factor in tariffs on lumber, and steel framing.

Slow Economy or a Strong Economy

The Census Department reports two new records trade deficits in January.

Balance of trade data from the Census department, chart by Mish.

A slowing economy would reduce imports, but Trump does not want a recession. And improvements in trade balances during recession are fleeting anyway.

What About BRICS and the Reserve Currency?

On February 13, Reuters reported Trump warns BRICS Nations Could Face 100% Tariffs.

U.S. President Donald Trump said on Thursday that BRICS nations could face 100% tariffs from the United States “if they want to play games with the dollar.”

“If any trading gets through, it’ll be 100% tariff, at least,” he said in response to a question about the BRICS nations – Brazil, Russia, India and China – setting up their own currency.

Ridiculous for Four Reasons

  1. Reserve currency status strengthens the currency of the reserve nation, but Trump wants a weak currency.

  2. No nation other than the US really wants to have reserve currency status because it is both an advantage and a curse, and no one wants the curse.

  3. No nation is in position to challenge the US dollar because no nation other than the US qualifies for reserve currency.

  4. Trump fails to understand that trade is between individual, not nations.

The Reserve Currency Curse

Points one and two are related. A Q& A will explain.

Q: Why do foreign central banks hold US dollar reserves?
A: The US runs a trade deficit. The foreign exporters receive US dollars, but those exporters need local dollars for purchases. In China, the Chinese exporters trade the dollars for yuan, and the central banks accumulate dollars as a result.

For all its moaning, China does not really want to have reserve currency status because it would mean the end of its export mercantilism. Germany is in the same position.

What Would it Take for a BRIC-Based Currency to Succeed?

Regarding point three above, please consider What Would it Take for a BRIC-Based Currency to Succeed?

Lost in the hype over nations clamoring to join the BRICS block is a question I have not seen anyone address.

What Would it Take for the “Brick” to Succeed?

  1. The Brick would need to float freely. The yuan doesn’t.
  2. The Brick have to be a genuine reserve currency to achieve widespread use.
  3. A functioning Brick-based bond market. This requirement is also for widespread use.
  4. A significant desire by individuals to trade in Bricks and accept Bricks rather than local currencies or the dollar.
  5. Willingness of China to stop export mercantilism.
  6. No capital controls.

Note that the Euro fails because there is no central asset, no Eurobonds. There are German bonds, Italian bonds, French bonds. etc, all with different interest rates and liquidity.

Trade is Between Individuals, Not Nations

Fundamentally, trade is not between nations.

Aggregate reporting of trade deficits such as the persistent US deficit with China, makes it appear otherwise. But the deficit is really a result of a sum of individual transactions.

For example, you or I go to a store and buy a tool at Home Depot. More likely than not, it’s made in China. A Toyota may be assembled in the US or Mexico with parts from Japan, China, or Mexico.

Taking a step back, the intermediate buyer, say Home Depot, makes big orders with various Chinese manufacturers.

The same applies to a Brazilian Store Owner (BSO) dealing with China.

To place its order with a Chinese merchant, the BSO would need to convert Brazilian currency to Bricks, place an order with a Chinese Manufacture willing to accept Bricks, then the Bank of China would swap Yuan for the Bricks and then what?

What precisely does the Bank of China do with all the Bricks it is accumulating given that Bricks are a trading currency, not a reserve currency?

Are there any Brick bonds? No, because the Brick only a trading currency.

There is no Brick-based bond market and thus no way to collect interest holding Bricks. There is an increasing lack of trust in dollars, but no reason to have any faith at all in the Brick.

Also see BRICS+ Is Forecast to Dominate the World’s GDP, But What Does That Mean?

Here’s a major irony. If and when the “Brick” succeeded as a reserve currency, US deficits would shrink. But there is no chance of that for reasons stated.

Trump and Secretary of Treasury Bessent Discuss the “Detox Recession”

On March 10, I noted Trump and Secretary of Treasury Bessent Discuss the “Detox Recession”

Don’t worry, it’s just a little more pain and inflation disturbance before tariff greatness begins.

Economy Could Be ‘Starting to Roll a Little Bit’

On Squawk Box, Treasury Secretary Bessent said the Economy Could Be ‘Starting to Roll a Little Bit’

And Trump Declines to Rule Out Recession.

Lutnick vs Trump

“There’s going to be no recession in America,” Commerce Secretary Howard Lutnick said on Meet the Press on NBC News.

Somehow Trump and Bessent did not get the message from Lutnick.

Hoot of the Day: House Republicans Suddenly Like Clean Energy Tax Breaks

On March 14, I commented Hoot of the Day: House Republicans Suddenly Like Clean Energy Tax Breaks

21 House Republicans now like Biden’s Inflation Reduction Act incentives.

One way to get a weaker dollar is for the US to run huge budget deficits and for the Fed to not follow through with interest rate hikes.

But that conflicts with Trump’s promise to balance the budget. And balancing the budget would strengthen the dollar.

Lutnick Says Tariffs Can Eliminate the IRS and Balance the Budget

On March 12, I commented Lutnick Says Tariffs Can Eliminate the IRS and Balance the Budget

Lutnick: “We’re going to make the External Revenue Service replace the Internal Revenue Service.”

I ran the math on that ludicrous idea. Team Trump only needs to bring in $7 trillion in tariffs on $3.3 trillion in total imports.

Then we need to faithfully collect 200 percent tariffs on everything with of no trade frictions, no retaliations, and full compliance.

See above link for detailed analysis.

Trumperland Miracles

Trump simultaneously promotes a strong and weak dollar, and proposes we collect huge tariffs while reducing imports.

We will allegedly balance the budget by running huge deficits while having a Detox recession and not having recession.

In Trumperland, contradictions have no meaning, so this is entirely possible.

Tyler Durden
Mon, 03/17/2025 – 13:20

IRGC Vows ‘Decisive’ Response To Any Threat After Trump Bombs Yemen Twice

IRGC Vows ‘Decisive’ Response To Any Threat After Trump Bombs Yemen Twice

Iran has responded to weekend warnings and threats issued by US President Donald Trump, who ordered two waves of weekend airstrikes against its proxy in Yemen, the Houthis (Ansarallah).

The commander of Iran’s Islamic Revolutionary Guard Corps (IRGC), Maj. Gen. Hossein Salami, vowed Sunday that Iran would respond “decisively” to any threat or act of aggression from the United States. “Iran will never be the initiator of war, but in the event of a threat, the response will be firm, decisive, and conclusive,” Salami was quoted in Iran’s PressTV as saying.

Hossein Salami, head of the Revolutionary Guards, via Reuters

Washington has for years assumed that every action from the Houthis has Iran’s hidden hand behind it. But the IRGC’s Salami rejected that notion, saying that the Ansarallah movement acts independently.

“The president of the United States has once again attributed the operations carried out by Yemen’s Ansar Allah to Iran and has warned the Iranian people to stop their support for the resistance group,” he said of Trump’s recent words. “Iran openly and clearly accepts responsibility for any actions it takes, when and where they occur,” he said.

“We are not a nation that operates under the cloak of secrecy; rather, we are a legitimate and globally recognized entity,” the IRGC general added. “When we undertake any military action or lend our support, we will declare it openly and unequivocally.”

The United States’ Saturday strike on Yemen not only resulted in possibly dozens of civilian deaths, but a reported over 100 injured, as President Trump vowed to “use overwhelming lethal force” while warning Iran to “immediately” cut its support.

“Your time is up, and your attacks must stop, starting today. If they don’t, hell will rain down upon you like nothing you have ever seen before,” the president had said on Truth Social.

“No terrorist force will stop American commercial and naval vessels from freely sailing the Waterways of the World.” That’s when he had put Iran on notice, saying it will be held “fully accountable” for any aggression of its proxy in Yemen.

On Sunday, the Houthis declared said they launched 18 missiles and a drone at the “aircraft carrier USS Harry Truman and its accompanying warships” in the Red Sea. They followed by saying a second salvo was launched, but the Pentagon said nothing came close to hitting US warships, and any threat was intercepted.

The Islamic Republic has long been suspected of being the supplier of sophisticated ballistic missiles and drones with long ranges to the Houthis. This especially ramped up in the wake of the 2015 war involving the Saudi-UAE-US coalition bombing campaign over Yemen, which lasted half-a-decade or more. Some of these Iran-made ballistic missiles and drones have hit Saudi oil facilities in past years.

Below is some fresh commentary from AntiWar.com’s Dave DeCamp…

I get why people who don’t know much about the situation in Yemen might think it’s a good idea to bomb the Houthis to secure shipping lanes. Here are a few reasons why it’s a bad idea:

  • The Houthis (Ansar Allah) are incredibly resilient and have survived much worse than just a bombing campaign (US-backed Saudi/UAE war from 2015-2022)
  • Previous airstrikes against them only escalated their attacks and led to a bigger disruption of shipping
  • The Houthis aren’t pirates; they’re enforcing a blockade in response to Israel’s blockade on Gaza – After the Gaza ceasefire deal was reached, the Houthis stopped their attacks
  • The Houthis haven’t actually restarted attacks; they only announced they would be re-inforcing the blockade on Israeli shipping in response to Israel violating the ceasefire deal

DeCamp concludes with, “The US could have kept the situation in the Red Sea calm by forcing Israel to fully implement the Gaza ceasefire deal. This could have been done by leveraging military aid, but instead Trump chose to pour gasoline on the situation.”

Tyler Durden
Mon, 03/17/2025 – 13:00

Guess Who The Woman That Hit Trump In The Face With A Mic Works For…

Guess Who The Woman That Hit Trump In The Face With A Mic Works For…

Authored by Steve Watson via modernity.news,

The woman who knocked President Trump directly in the face with a microphone Friday has finally been identified, and you won’t be surprised to find out that she’s a rabid leftist.

As we highlighted, Trump supporters are concerned that such a lapse of security could occur, with many noting that anything could have been placed on the microphone as a way of harming Trump.

The woman’s identity remained unknown for two days before she was identified by Laura Loomer as NPR reporter Danielle Kurtzleben.

Loomer noted that Kurtzleben “is the newly appointed White House reporter for NPR and a massive Trump hater and LGBTQ advocate who once suggested during the 2024 campaign that Trump only spoke in Howell, Michigan because it has ties to the KKK.”

Kurtzleben has been obsessively covering trangender issues.

“Did she hit President Trump in the face on purpose?” Loomer wondered.

How is someone who clearly hates Trump allowed to get this close to him?

Is NPR going to issue any kind of statement of apology?

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden
Mon, 03/17/2025 – 12:40

Dems’ Approval Collapses 20 Points In 4 Years As Trump Posts Career-High

Dems’ Approval Collapses 20 Points In 4 Years As Trump Posts Career-High

Despite all the leftist and mainstream media wailing and gnashing of teeth about the new administration, fresh polling from two major mainstream news outlets paints a truly bleak picture for Democrats and a relatively rosy one for President Trump. 

In the most striking read on the pulse of America, the Democratic Party’s favorability rating has collapsed by a whopping 20 percentage points in just four years, and now stands at just 29%, according to CNN. That’s the lowest in the history of CNN’s poll, which goes back to 1992.  NBC News had a similar reading: 27% positive against 55% negative. “In more than 30 years of this poll, we’ve never seen either party hit a number this low, in terms of negatives,” said NBC’s Steve Kornacki.    

NBC News

While it’s different in degree, the dissatisfaction extends to Democrats themselves. Only 63% of Democrats and Dem-leaning independents view their own party favorably, and 52% say leaders are taking the party in the wrong direction. That compares to 79% of Republicans and Republican-leaning independents who give a thumbs-up to the GOP. 

The sense that the Democratic Party is adrift is further reinforced by Democrats’ lack of any consensus whatsoever about who “best reflects the core values” of the party. More than 30% drew a complete blank, while the top three people named by respondents were Rep. Alexandria Ocasio-Cortez (10%), failed presidential candidate Kamala Harris (9%) and Sen. Bernie Sanders (8%). 

Readings for Republicans are much better. With the GOP now in control of the White House, Senate and House of Represntatives, NBC News found 44% of registered voters think America is heading in the right direction — the highest it’s been since early 2004.  

As Democrats hit a record-low in approval rating, Trump his tied his career-high approval rating, with 47% of registered voters content with his performance. That still leaves him with a net-negative, as 51% disapprove. That’s lower than any of his four predecessors at this point in their terms, but higher than the 40% approval rating Trump posted in 2017. Then, only 50% of Republicans viewed Trump “very positively.” That number has soared to 74% in this month’s NBC poll. 

Trump is at a career-high approval rating, but he’s still at a net-negative, and confidence in his handling of the economy is waning (Evelyn Hockstein/ Reuters via PBS)

Americans are coming around to Trump’s approach to handling border security and immigration, with 55% approving and 43% disapproving. The Department of Government Efficiency (DOGE) has a net-positive approval rating, with 46% saying it’s a “good idea” compared to 40% who say it’s a “bad idea.” There’s a major split about the future of DOGE: 33% say there’s “much more to be done” while 33% say it’s “reckless and should stop now.” Elon Musk has a 51% negative-feelings rate, compared to 39% who feel positive about him.  

In a major departure from all of his previous readings, Trump is in the red on his handling of the economy (54% disapprove, 44% approve) and the cost of living (55% disapprove, 42% approve). An overwhelming 82% of voters say the state of the economy is fair or poor, with just 18% calling it excellent. Trump is likewise underwater on foreign policy and the Russia/Ukraine war.  

Tyler Durden
Mon, 03/17/2025 – 12:05

The Times, They Aren’t Changin’

The Times, They Aren’t Changin’

Submitted by QTR’s Fringe Finance

Imagine my surprise when, Sunday, I read a New York Times editorial admitting that “We Were Badly Misled” about Covid as it was happening.

The op-ed matter of factly concluded what we’ve all known for years — that despite being the overwhelmingly most “common sense” place to look, the Covid-19 lab leak theory was dismissed by scientists and public health officials, who suppressed discussions and misled the public to maintain the appearance of consensus.

Influential studies downplayed the lab leak theory, while private communications among scientists revealed they actually considered it likely, with key figures, including a senior adviser to Fauci, attempting to erase records.

It admits EcoHealth Alliance, which collaborated with the Wuhan Institute of Virology, withheld critical information about its research, and only after persistent investigations was it finally banned from receiving federal funding.

It also stipulates that after Covid-19, controversial virus research, including experiments on bat coronaviruses, continues under inadequate biosafety conditions, raising concerns about future accidental outbreaks.

Yes, we were badly misled. Serious shit, right? Now if only we could find all of the culprits who badly misled us, while parroting the government’s narrative on Covid, for the last 5 years.

People on social media seem to think they’ve found one of these culprits, and have been doing God’s work correcting the New York Times’ headline all day Sunday.

My first reaction is one of indignation. I want to scream at these people: “How dare you sit in league with the powers who cut me, and many others I read and respect, off of social media for simply stating what was nothing more than the obvious five years ago?”

I want to paint murals on the sides of their corporate offices, reminding them in big letters that like many others, I was forced into a position of being stuck between required travel and getting vaccinated at one point. Even worse, I was accosted by power hungry hipsters who demanded a vaccination card just for ordering a beer. And I got off easy. Others lost bank accounts, jobs and sadly, family members.

In large letters on that wall, I think it would be best summed up as: “How dare you?”

But the fury and outrage quickly wash away as the patient tides of populism and common sense slowly erode what can only be described as the recent fever pitch of authoritarianism and government overreach—one that seemed to hit a zenith during the back half of Joe Biden‘s term over the last four years.

“Fifty-one former intelligence agents say the laptop is Russian disinformation!”

“There’s no way this novel coronavirus could have originated from a bio lab experimenting with coronaviruses—located just 100 feet from the source of where the virus was found!”

“Joe Biden is a dynamo! He’s mentally razor-sharp!”

Our outrage can’t last forever. The healing has to begin at some point, and right now seems ideal.

Our victory has been resounding. The approval rating for the Democratic Party is at a record low.

Also a record number of people believe the country is heading in the right direction.

And instead of “getting it” and changing course, expert panderers on the Democratic side of the aisle, like Gavin Newsom, are trying even harder to fake their way to favorability and put a PR polish on their far less popular and effective policy ideas. Newsom has even started a podcast and, like some weird masochistic lab experiment of his own, seems hell bent on inviting one conservative after another on to demolish his arguments and humiliate his intellect while he sits there enjoying it, smiling like the head of an Empire Beauty School academy mannequin.

Even Michelle Obama has started a podcast. And Democrat favorability is so low that the first run of her podcast got less views than this article will get.

These mea culpas and futile crisis PR projects appear to be accelerating. We saw Jeff Bezos come out and quickly realign the Washington Post toward free markets and liberty, prompting the resignation of some of its bespectacled, blue-haired staff (I’m assuming). Several of the staff from CNN have been fired. MSNBC is also rearranging its lineup. Jim Acosta even moved to Substack: Jim Acosta’s World Bends To Substack’s Truth

Ana Kasparian from The Young Turks has started to abandon today’s Democratic Party. Other journalists are taking leaves of absence for what they’re calling “mental health purposes.”

We’ve heard little from people like David Muir and George Stephanopoulos, who consistently talked over Republican candidates as they tried to get their points across during election season.

J.D. Vance has hit left-leaning reporters like Dana Bash and Martha Raddatz with the spoken-word response equivalent of a baseball bat every time they tried to challenge him.

Put simply, as I noted to Matt Taibbi months ago—and just talked about on Palisades Gold Radio days ago—the mainstream media behemoth has finally run out of gas. It is sputtering, in a dead stall, and in the process of a tailspin downward to its final demise.

 

On the hill, meanwhile, Democratic politicians are fighting with each other—Jasmine Crockett recently bad-mouthed John Fetterman on CNN, and they’re stabbing each other in the back—Chuck Schumer voted for the latest bill to keep the government open while many in his party voted against it. And in general, the Democratic Party has done little to nothing to indicate they have learned anything from the federal ass-whooping they endured on Election Day.

And so that brings us to this weekend, with even the New York Times trying to offer up its own limp-dick apology for a decade of far-left-leaning reporting. Of course, the gesture itself is all but useless in the year 2025. To me, it doesn’t even ingratiate the publication with goodwill—I would almost respect them more if they just stood by their bullshit takes from five years ago. But that’s beside the point.


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The point is to trade the anger for acceptance. The positive takeaway from these events since Trump’s election is confirmation that, as difficult as it had to get—and as slow as the progress is taking now—the country is once again bending to the will of its people. And that is exactly how things are supposed to work.

The election gave U.S. citizens a forum to express their disdain not just for the Biden administration, but for the mainstream media machine that carried him on its back for the last six years.

Lots of people aren’t comfortable with President Trump—how he speaks or the way he does business. But make no mistake: he is the man for the time and place; otherwise, he would not have won reelection.

Emerging from deep within the miasma of overreach, outright bizarre behavior, and counterintuitive policies of the last four years, he is the equivalent of someone driving a stake through the side of a fresh oxygen tank—releasing pressurized revitalizing fresh air into the political landscape.

Trump taking office has set off a cascade of recalibrations—not only across the media but across the political spectrum. Those events have set off chain reactions, which will set off other chain reactions, which will set off a third generation of chain reactions, and so on and so forth—until the air in this country starts to feel fresh again, and the very same change that the people voted for—begins to manifest in our everyday lives.

The New York Times apology from this weekend is devoid of any genuineness or authenticity. I don’t believe for a second that the people on the left truly regret how they reported on the response to COVID, nor do I believe they would alter how they covered a similar event in the future.

But the one positive I can find in this pathetically timed piece from the weekend is that it is one of what will be a million small indicators that the will of the majority of the American people is finally beginning to be reflected in our day-to-day.

And no matter which way the political landscape shifts going forward, that power—the people’s power to affect change—remains something to be overwhelmingly optimistic about.

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Tyler Durden
Mon, 03/17/2025 – 11:50

Trump-Putin To Hold Tuesday Call On ‘Ending War In Ukraine, Dividing Certain Assets’

Trump-Putin To Hold Tuesday Call On ‘Ending War In Ukraine, Dividing Certain Assets’

Both the US and Russian sides have confirmed that Presidents Donald Trump and Vladimir Putin will hold another phone call on Tuesday. Trump previewed that he plans to continue discussions to end the war in Ukraine, and he cryptically referenced negotiators having already discussed “dividing up certain assets.”

“I’ll be speaking to President Putin on Tuesday. A lot of work’s been done over the weekend,” Trump told reporters on Air Force One while en route back from Florida to Washington.

Via Reuters

“We want to see if we can bring that war to an end. Maybe we can, maybe we can’t, but I think we have a very good chance,” Trump said.

The US is still proposing a 30-day temporary ceasefire, which Putin has already questioned as a likely means by which Ukrainian forces can simply rearm, replenish, and regroup.

“We will be talking about land. We will be talking about power plants,” Trump said when asked by a reporters about concessions. “I think we have a lot of it already discussed very much by both sides, Ukraine and Russia. We are already talking about that, dividing up certain assets.”

Trump’s special envoy who met with Putin in Moscow last week, Steve Witkoff, has said that the Russian president “accepts the philosophy” of Trump’s ceasefire. Still, the Kremlin has repeatedly said it will not accept anything that’s a short-term solution.

Putin and Trump had an initial phone call spanning 90-minutes less than a month after Trump was inaugurated, to talk about moving toward a potential Ukraine peace plan. 

The Russian Defense Ministry has meanwhile indicated that Moscow will demand Kiev’s neutral status and that NATO can never accept Ukraine for membership.

Trump confirming the next phone call with Putin, to take place Tuesday…

This appears to be Moscow’s only and main ‘security guarantee’ that it wants in place: “Part of these guarantees should be the neutral status of Ukraine, the refusal of Nato countries to accept it into the alliance,” Russia’s deputy foreign minister Alexander Grushko said Sunday. Of course, this is to include a ban on NATO building up military infrastructure in Ukraine as well.

But other Western allies are challenging the progress made, and are likely even trying to sabotage any potential deal. “If Ukraine requests allied forces to be on its territory, it is not up to Russia to accept or reject them,” French President Emmanuel Macron has said.

* * *

Below are some developing geopolitical headlines via Newsquawk:

Geopolitics: Middle East

  • US President Trump ordered the US military to launch ‘decisive and powerful’ military action against Houthis in Yemen and told Iran to end support for Houthis immediately, while the Pentagon said US strikes against Houthis will last days or weeks., Furthermore, it was later reported that the death toll from the US attacks on Yemen reached 53.
  • US Defence Secretary Hegseth said the US campaign will be unrelenting, while he added that Iran has been enabling the Houthis far too long and they better back off.
  • US Secretary of State Rubio commented that the US military campaign in Yemen will go on until the Houthis no longer have the capability to strike ships and said there is no way Houthis would have the ability to attack shipping unless they had support from Iran.
  • US Secretary of State Rubio spoke with Russian Foreign Minister Lavrov on Saturday and told him about US operations against Houthis, while Lavrov stressed the need for an immediate cessation of the use of force against Yemen Houthis and said it is important for all parties to engage in political dialogue in order to find a solution that avoids further bloodshed, according to Reuters.
  • Yemen’s Houthis said naval operations will continue until the Gaza blockade is lifted and aid is let in, while the group said it targeted a US aircraft carrier with ballistic missiles and drones in the Red Sea but showed no proof, according to Reuters.
  • Iranian Revolutionary Guards top commander Salami said Tehran will respond decisively and destructively to any enemy taking threats into action and noted that Yemen’s Houthis take strategic and operational decisions on their own, according to state media.
  • Israeli air strike killed nine in Gaza amid ceasefire disputes. It was separately reported that the Israeli PM’s office said Israel will continue Gaza ceasefire talks in accordance with the US proposal for the immediate release of 11 living hostages and half of the dead. Furthermore, an Israeli delegation was in Egypt discussing hostages with senior Egyptian officials and PM Netanyahu moved to dismiss the head of the Shin Bet security service, according to the PM’s office cited by Reuters.
  • Syria’s military fired rockets and shells at Lebanon on Sunday after accusing Iran-backed Hezbollah of executing three Syrian army personnel, according to Bloomberg.

Geopolitics: Ukraine

  • Ukrainian President Zelensky said Ukraine’s partners must define a clear position on security guarantees and the path to peace must begin unconditionally, while he added there must be a foreign troop contingent based on Ukraine soil as part of a peacekeeping arrangement and the question of territory is complex and should be discussed later.
  • Russian Defence Ministry said Russia will demand Kyiv’s neutral status and NATO’s refusal to accept Ukraine in a peace treaty on Ukraine, while Russia opposes any troops in Ukraine as part of post-conflict guarantees, not just NATO troops. Furthermore, it was stated that the issue of unarmed observers as part of post-conflict international support for Ukraine may be discussed only once a peace treaty is worked out.
  • US President Trump said he will be speaking with Russia’s President Putin on Tuesday and may have something to announce on Ukraine-Russia talks by Tuesday. Trump added that land and power plants are the focus of talks toward a Russia-Ukraine deal and they are already talking about “dividing up certain assets” between the two sides.
  • US President Trump said it feels like Russia is going to make a deal with them and stated that they had pretty good news coming out of Russia. Trump also announced that General Kellogg was appointed as Special Envoy to Ukraine and will no longer be an envoy to Russia.
  • US envoy Witkoff said differences between Ukraine and Russia have narrowed and they had positive discussions with Russian President Putin, while Witkoff said he expects Trump and Putin to speak this week and that US negotiating teams will meet with Ukrainians this week and will also meet with Russians.
  • UK PM Starmer said following a meeting with world leaders that they reaffirmed commitment to Ukraine’s long-term security and agreed that Ukraine must be able to defend itself and deter future Russian aggression, while they agreed military planners would convene again in the UK this week to progress practical plans for how militaries can support Ukraine’s future security. Furthermore, Starmer said they will accelerate military support, tighten sanctions on Russia’s revenues and will continue to explore all lawful routes to ensure that Russia pays for the damage it has done to Ukraine, as well as commented that Putin’s response to the ceasefire proposal is not good enough.
  • Russia launched an air attack on Ukraine’s capital of Kyiv and the Russian Defence Ministry said its forces retook control of two settlements in Russia’s Kursk region.
  • Ukrainian drone attack targeted energy facilities in Russia’s Astrakhan region and sparked a fire, according to the regional governor.

Geopolitics: Other

  • Azerbaijan’s Defence Ministry said Armenian forces opened fire on Azeri positions on Sunday, while Armenia’s Defence Ministry said the statement by Azerbaijan does not correspond to reality.
  • North Korea said its nuclear forces will ‘exist forever’ and criticised G7 states for nuclear hegemony, while it will steadily update and strengthen its nuclear armed forces and said demand by G7 for North Korea to abandon nuclear weapons is a provocation. It was also reported that North Korea condemned the US deployment of additional stealth fighter jets to Japan, according to KCNA.

Tyler Durden
Mon, 03/17/2025 – 09:05