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Cyberattack Hits Second Largest US-Non Bank Mortgage Lender

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Cyberattack Hits Second Largest US-Non Bank Mortgage Lender

US mortgage lender loanDepot confirmed in an 8k filing on Monday that it is the latest victim of a cyberattack that has brought critical systems offline. 

California-based loanDepot, which is the second-largest non-bank mortgage lender behind Rocket Mortgage, wrote in a filing that it “recently identified a cybersecurity incident affecting certain of the Company’s systems.” 

“Upon detecting unauthorized activity, the Company promptly took steps to contain and respond to the incident, including launching an investigation with assistance from leading cybersecurity experts, and began the process of notifying applicable regulators and law enforcement.

“Though our investigation is ongoing, at this time, the Company has determined that the unauthorized third party activity included access to certain Company systems and the encryption of data. In response, the Company shut down certain systems and continues to implement measures to secure its business operations, bring systems back online and respond to the incident.” 

Shares of loanDepot are down 5% in premarket trading in New York. 

The lender noted it will “continue to assess the impact of the incident and whether the incident may have a material impact on the Company.” 

 

Tyler Durden
Tue, 01/09/2024 – 23:20

Plastic Chemicals Causing Infertility, Diabetes Found ‘Widespread’ In Common Food Items: Report

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Plastic Chemicals Causing Infertility, Diabetes Found ‘Widespread’ In Common Food Items: Report

Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

Many of the foods consumed by Americans are contaminated with harmful plastic chemicals that contribute to health complications like diabetes, cardiovascular disorders, and infertility, said a recent report by the nonprofit group Consumer Reports (CR).

Bottles of Coca-Cola at a supermarket of Swiss retailer Denner, as the spread of the COVID-19 disease continues, in Glattbrugg, Switzerland, on June 26, 2020. (Arnd Wiegmann/Reuters)

CR tested 85 food items from 11 categories—beverages, canned beans, condiments, dairy, fast food, grains, infant food, meat and poultry, packaged fruits and vegetables, prepared meals, and seafood, according to the Jan. 4 report. Researchers examined the presence of plasticizers—a chemical used to boost the durability of plastics. The group analyzed two to three samples from each food item, looking for two types of common plasticizers—bisphenols and phthalates—as well as some of their substitutes.

They found that these chemicals remained “widespread” in our food products despite “growing evidence” of health risks. CR discovered that 79 percent of tested samples had bisphenols while 84 out of 85 items had phthalates.

Exposure to such plasticizers can cause severe health issues, like for example in children, bisphenol A (BPA) exposure can negatively affect the brain and prostate glands as well as their behavior. BPA has also been linked with type 2 diabetes, cardiovascular diseases, and high blood pressure.

Phthalates have been associated with obesity, type 2 diabetes, lower sperm motility and concentration, early puberty in girls, and cancer.

Both bisphenols and phthalates have been shown to be endocrine disruptors, meaning they can interfere with the generation and regulation of hormones. Disruptions to hormone levels can lead to cardiovascular disease, infertility, diabetes, and neurodevelopmental disorders.

Exposure to these chemicals can come from the environment, food, and packaging, right from dust in the house to the printed receipt from a grocery store.

CR found that the levels of BPA and other bisphenols were “notably lower” compared to when the group last tested for BPA in 2009. This suggested that “we are at least moving in the right direction on bisphenols,” said James E. Rogers, who oversees product safety testing at the organization.

However, there wasn’t “any good news” on phthalates. Not only were they present in almost all foods, but their levels were also “much higher” compared to bisphenols.

Some of the top food items with the highest level of phthalate contamination as discovered by CR’s tests are as follows:

  • Beverages: Brisk Iced Tea Lemon, Coca-Cola Original, Lipton Diet Green Tea Citrus, and Poland Spring 100 percent natural spring water.
  • Canned Beans: Hormel Chili with Beans, Bush’s Chili Red Beans Mild Chili Sauce, and Great Value (Walmart) Baked Beans Original.
  • Condiments: Mrs. Butterworth’s Syrup Original and Hunt’s Tomato Ketchup.
  • Dairy: Fairlife Core Power High Protein Milk Shake Chocolate, SlimFast High Protein Meal Replacement Shake Creamy Chocolate, Yoplait Original Low Fat Yogurt, and Tuscan Dairy Farms Whole Milk.
  • Fast Food: Wendy’s Crispy Chicken Nuggets, Moe’s Southwest Grill Chicken Burrito, Chipotle Chicken Burrito, Burger King Whopper With Cheese, Burger King Chicken Nuggets, and Wendy’s Dave’s Single With Cheese.
  • Grains: General Mills Cheerios Original and Success 10 Minute Boil-in-Bag White Rice.
  • Infant Food: Gerber Mealtime for Baby Harvest Turkey Dinner, Similac Advance Infant Milk-Based Powder Formula, Beech-Nut Fruities Pouch Pear, Banana & Raspberries, and Gerber Cereal for Baby Rice.
  • Meat and Poultry: Perdue Ground Chicken Breast, Trader Joe’s Ground Pork 80% Lean 20% Fat, Premio Foods Sweet Italian Sausage, and Libby’s Corned Beef.
  • Packaged Fruits and Vegetables: Del Monte Sliced Peaches in 100% Fruit Juice, Green Giant Cream Style Sweet Corn, and Del Monte Fresh Cut Italian Green Beans.
  • Prepared Meals: Annie’s Organic Cheesy Ravioli, Chef Boyardee Beefaroni Pasta in Tomato and Meat Sauce, Banquet Chicken Pot Pie, Campbell’s Chunky Classic Chicken Noodle Soup, and Chef Boyardee Big Bowl Beefaroni Pasta in Meat Sauce.
  • Seafood: Chicken of the Sea Pink Salmon in Water Skinless Boneless, King Oscar Wild Caught Sardines in Extra Virgin Olive Oil, and Snow’s Chopped Clams.

Some of these foods had far higher levels of phthalates compared to others.

For instance, Annie’s Organic Cheesy Ravioli had 53,579 nanograms of phthalates per serving, which is more than double what was found in Chicken of the Sea Pink Salmon in Water Skinless Boneless, Moe’s Southwest Grill Chicken Burrito, Burger King Whopper With Cheese, and Fairlife Core Power High Protein Milk Shake Chocolate.

Dangerous Chemicals, Autism

CR pointed out that regulators from the European Union and the United States have set a threshold for BPA and some of the phthalates. None of the 85 food items exceeded these limits. However, this doesn’t mean that the tested foods are safe for consumption.

Many of these thresholds do not reflect the most current scientific knowledge, and may not protect against all the potential health effects,” said Tunde Akinleye, the CR scientist who oversaw the tests. “We don’t feel comfortable saying these levels are okay. … They’re not.”

For instance, some studies have associated high blood pressure, insulin resistance, and reproductive issues with phthalates even when the level of the plasticizer was below the thresholds set by European and American authorities, CR noted.

Because people can be exposed in a wide range of ways, it can be difficult to quantify a safe limit for the chemicals in any single food.

The more we learn about these chemicals, including how widespread they are, the more it seems clear that they can harm us even at very low levels,” said Mr. Akinleye.

A study published in September found that BPA was directly linked to two key disorders during childhood—autism and attention-deficit/hyperactivity disorder (ADHD). In children with these conditions, the body’s ability to detoxify BPA was found to be reduced.

Bisphenol-S (BPS), a BPA substitute, was found to potentially increase the risk of cardiovascular disease according to a 2022 study. “Although BPA, BPS, and BPF share similar chemical properties, BPS and BPF are not safe alternatives for BPA,” it warned.

A study published at the National Library of Medicine in June 2022 found that phthalates in high concentrations in certain medications could raise the risk of childhood cancer.

Overall, childhood phthalate exposure was associated with a 20 percent higher risk of childhood cancer. The risk of developing lymphoma or blood cancer doubled while the risk of developing osteosarcoma, a bone cancer, rose by almost three times.

Tyler Durden
Tue, 01/09/2024 – 23:00

UAE President Tells Netanyahu: “Ask Zelensky For Money”

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UAE President Tells Netanyahu: “Ask Zelensky For Money”

Via The Cradle,

Emirati President Mohammed bin Zayed (MbZ) refused a request by Israeli Prime Minister Benjamin Netanyahu to pay unemployment stipends to Palestinian workers from the occupied West Bank and instead told his ally to go “ask Zelensky” for money during a recent phone conversation, according to informed officials who spoke with Axios.

Since the historic attack on southern settlements by Hamas in Gaza on October 7, Tel Aviv imposed a closure on the occupied West Bank and banned about 150,000 Palestinian workers from entering Israel.

Image: UAE Ministry of Presidential Affairs

As concerns grew that a worsening Palestinian economy would exacerbate the violent escalation in the West Bank, Netanyahu refused calls by the defense ministry and Shin Bet to put the issue of paying unemployment stipends to a vote in the security cabinet. Instead, he turned to his allies in Abu Dhabi.

During a phone call with MbZ a few weeks ago, Netanyahu “broadly asked for help in regards to the Palestinians,” the sources tell Axios. However, the conversation turned sour once the Israeli premier “specifically asked if the UAE would be willing to pay the Palestinian workers,” leaving the UAE leader “stunned.”

“MbZ told Netanyahu he couldn’t do it, and then sarcastically suggested the Israeli prime minister turn to Ukrainian President Volodymyr Zelensky instead,” the sources said, adding that the Emirati leader remarked that “Zelensky gets a lot of money from many countries, so maybe he would be able to help.”

“The notion that Arab countries will come in to rebuild and pay the bill for what’s currently happening is wishful thinking,” an Emirati official told Axios.

In mid-December, Netanyahu reportedly told Knesset officials that Saudi Arabia and the UAE would foot the bill to rebuild Gaza.

“The first step in Gaza will be to defeat Hamas. After that, I believe that the UAE and Saudi Arabia will support the rehabilitation of the Strip,” Netanyahu said during a closed-door testimony to the Knesset’s Foreign Affairs and Defense Committee.

On Tuesday, Israeli media repeated these claims, reporting that US officials seeking to revive a Saudi-Israel normalization deal believe this would secure Saudi funding to “rebuild Gaza.”

Tyler Durden
Tue, 01/09/2024 – 22:40

Mega-Rich Are Forcing Out Millionaires On ‘Billionaires Bunker” Island

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Mega-Rich Are Forcing Out Millionaires On ‘Billionaires Bunker” Island

Authored by Paul Joseph Watson via Modernity.news,

The mega rich are forcing out millionaires as ‘billionaire bunker’ island, Indian Creek in Miami, Florida, increasingly becomes a private enclave of the uber elite.

A local historian told Bloomberg that even wealthy people can no longer afford to live on the island because they are being priced out by people like Amazon’s Jeff Bezos.

“Only the very wealthy, the billionaires can afford to live in Indian Creek now. Hundreds of millions aren’t gonna cut it anymore,” said Paul George.

Bezos already owns multiple properties on the island and is looking to buy three more, having bought two neighboring homes on the island for a total of nearly $150 million last year.

Why anyone would need five or more properties on one single small island is up for debate, is it just so Bezos can avoid people or is he trying to construct something similar to Mark Zuckerberg, who keeps expanding his secretive Koolau Ranch hideout in Hawaii?

Zuckerberg is building a 5,000-square-foot underground doomsday shelter, something that Bezos is almost certainly trying to emulate.

The privacy of Indian Creek is a big draw for the ultra high net worth, as is the private police force, which “patrols the community around-the-clock by foot, sky, and land.”

The island can only be accessed via a single, guarded bridge and its famous residents have included Ivanka Trump, Carl Icahn, Colombian banker Jaime Gilinski, Jay-Z and Beyoncé.

The waterfront properties are ironically owned by many of the same people who push the narrative that man-made climate change is going to cause apocalyptic sea level rises.

Apparently, they’re going to be just fine though.

As we document in the video above, billionaires are busy buying up private islands in places like Hawaii, Fiji and New Zealand to prepare for what they call ‘the event’.

‘The event’, whatever it ultimately ends up being, will likely be driven by mass resentment towards the very world they created.

When this earth-shattering ‘event’ happens, the billionaires will scurry away into their underground doomsday bunkers which they have been carefully preparing for years.

*  *  *

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
Tue, 01/09/2024 – 22:20

FDA Commissioner Promotes Products Off Label, An Illegal Pharma Marketing Scheme Long Criticized By Democrats

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FDA Commissioner Promotes Products Off Label, An Illegal Pharma Marketing Scheme Long Criticized By Democrats

Authored by Paul Thacker via The Disinformation Chronicle,

During his first stint as FDA Commissioner during the Obama administration, Dr. Robert Califf proposed allowing companies to advertise their products off-label. This marketing practice is illegal under FDA’s regulations that cover drug advertising, and Dr. Califf received pushback from Senator Ed Markey who sent him a stiff letter demanding that he address off label use of opioids.

“The FDA must not become complicit in the growing prescription fentanyl problem this country is combating,” Senator Markey wrote. Indeed, Pfizer pled guilty to a U.S. criminal charge and paid a record $2.3 billion in 2009 for illegally marketing over a dozen drugs off label. Multiple federal agencies investigated Pfizer at that time, including the FDA’s Office of Criminal Investigations (OCI).

“We expect this agreement to increase integrity in the marketing of pharmaceuticals,” the Justice Department claimed in the settlement’s announcement.

When Biden chose Dr. Califf to run the FDA a second time in 2021, The New York Times reported that Obama officials had actually killed Dr. Califf’s attempt to allow increased off label promotion. “[T]he proposal, which many public health experts considered dangerous, was blocked by others in the Obama administration, according to a person familiar with it.”

But with his critics now in the rearview mirror, Dr. Califf is speeding forward with his “dangerous” proposal. And this time, the Commissioner himself is promoting products off label. A week before the Christmas break, Commissioner Califf posted a message on X, promoting COVID vaccines off label to allegedly protect children against long COVID.

“The FDA-approved and authorized coronavirus vaccines are indicated for active immunization to prevent COVID-19 caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2),” an FDA official emailed me. “The vaccines are not approved or authorized as a treatment for long COVID.” In follow up email, FDA clarified that the COVID vaccines are also not approved or authorized to “prevent” long COVID.

In his promotional post on X, Commissioner Califf linked to a news article in Nature Magazine as proof the vaccines prevent long COVID. And here’s where the story gets even weirder.

Nature’s news story discusses a small, observational study that had been presented at a conference some months prior and has not been peer reviewed. Even more disturbing, Nature’s reporter supported this slim study with positive quotes sprinkled throughout the article from Dr. Jessica Snowden, a pediatric infectious-disease specialist at the University of Arkansas for Medical Sciences. However, Nature failed to provide readers with one rather important detail: Pfizer has disclosed paying Dr. Snowden to provide marketing talks for their COVID vaccine and she serves on the company’s advisory board. 

She clearly should have disclosed her Pfizer funding, especially as her commentary could contribute to increased sales of Pfizer’s vaccines,” said Dr Barbara Mintzes, a professor of evidence-based pharmaceutical policy, at the University of Sydney. “Companies choose who to fund. They don’t fund experts who highlight a product’s limited effectiveness or have serious safety concerns.”

Science news or pharma advertising?

The December news article in Nature reported on a presentation given last October at a medical conference and that was led by a medical officer at the US Centers for Disease Control and Prevention (CDC). The study evaluated mRNA COVID-19 vaccines’ impact on children getting long COVID, but relied on self-reports of long COVID, not a physician’s diagnosis. The results that found a positive correlation with vaccination were based off 28 kids who either self-reported or were reported by a parent to have long COVID.

“This is really important data,” Dr. Snowden told Nature in one of her many quotes littered throughout the article. “This will demonstrate to families how important it is that we protect our kids, not just from acute COVID, but from the longer-term impacts of COVID as well.”

In a 2018 report, Nature Magazine editor Richard Monastersky stated that Nature was updating their news section’s conflict-of-interest and ethics policies to make them more comprehensive. Last week, I sent several questions to Monastersky asking why Nature had not included Dr. Snowden’s ties to Pfizer and whether Nature reporters are required to look into an experts’ financial ties before quoting them in news pieces.

Read the rest here… (including details on payments from Pfizer)

Tyler Durden
Tue, 01/09/2024 – 21:00

Illegal Aliens Tried Buying Guns 48,000 Times In 25 Years

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Illegal Aliens Tried Buying Guns 48,000 Times In 25 Years

Over the past 25 years, illegal aliens have attempted to purchase firearms at gun shops just under 48,000 times – only to be denied, according to a group that monitors border security policy.

Henry Escobar, manager of MPP Guns in Phoenix, Ariz., stands behind the counter on Jan. 6, 2024. (Allan Stein/The Epoch Times)

The Federation for American Immigration Reform (FAIR) reported on Jan. 2 that the FBI has nearly 14 million records of firearms applications that failed a national background check due to “unique prohibiting events.” Of those, 47,930 denials were issued to illegal aliens according to the National Instant Criminal Background Check System (NICS) between Nov. 1998 and Nov. 2023.

“While the 13.9 million unique prohibiting events cataloged in the FBI database represent events—not individual illegal aliens—the data point to large numbers of migrants in the market for firearms. Whatever the total may be, one is one too many,” according to FAIR, which added that “the dangers posed by largely unvetted illegal aliens possessing firearms has been vastly exacerbated over the past three years, as the Biden administration has presided over record numbers of new illegal aliens entering our country.”

“At the same time, federal policies and the proliferation of sanctuary jurisdictions that prohibit the sharing of critical law enforcement information will inevitably result in more Americans falling prey to criminal aliens.”:

Meanwhile, US Customs and Border Protection (CBP) reported the seizure of 547,610 illegal weapons in 2023 alone, including ammunition, gun parts, scopes, silencers and body armor, the Epoch Times reports. In 2022, there were 1,147,497 weapons seizures.

We’ve got plenty of laws; criminals are criminals,” Arizona gun shop owner Charlie Bollenbaugh told the outlet. “They’re going to find ways around them.”

Mr. Bollenbaugh added that there’s “no real way of telling” who is a U.S. citizen the moment they walk through the door to purchase a gun.

But there is a legal process to weed out the ineligible buyers, he said.

In Arizona, as in other states, the gun buyer must first show a valid state driver’s license or government-issued photo ID along with proof of age and residency and have no felony convictions.

Federal law requires that each buyer fill out and sign a Form 4473 national background check under penalty of perjury. The form is submitted by the gun store electronically through the NICBS, and the results are known within minutes. -Epoch Times

“If they are legally allowed to purchase a firearm, and they’ve come here correctly, the government tells me to go ahead and proceed,” Bollenbaugh told the Times. “They can’t buy a firearm without going through a valid background check and presenting a government-issued ID.”

Arnold Gallegos, the owner of ABQ Guns in Albuquerque, N.M., and an officer with the Jemez Springs Police Department considers a public health order banning firearms in public an “illegal” act by New Mexico’s governor. Photo taken on Sept. 12, 2023. (Allan Stein/The Epoch Times)

More via the Epoch Times;

In 2019, the Democrat-controlled U.S. House of Representatives passed a bill that mandated federal background checks for all legal firearms sales and transfers.

Included in the bill was a Republican-sponsored amendment that would have required gun dealers to report to federal immigration when an illegal alien attempted to purchase a firearm.

The provision failed passage in the Senate in a heavily partisan vote.

“In rejecting this amendment, the Democrats have shown their true colors,” said U.S. Rep. Greg Steube (R-Fla.), sponsor of the amendment, in a written statement after the vote.

“It is clear they are not interested in preventing gun violence or stopping the illegal purchase of firearms, but rather they are only interested in limiting the rights of law-abiding citizens to advance their political agenda.”

In southern border states such as Texas, crime involving illegal aliens is a serious problem.

The DHS reported more than 422,000 criminal aliens were booked into Texas jails between June 1, 2011, and Dec. 31, 2023, according to the Texas Department of Public Safety (TDPS).

A group of more than 1,000 illegal immigrants wait in line near a U.S. Border Patrol field processing center after crossing the Rio Grande from Mexico, in Eagle Pass, Texas, on Dec. 18, 2023. (John Moore/Getty Images)

Nearly 300,000 were classified as illegal aliens by DHS.

The TDPS added that illegal aliens committed more than 509,000 criminal offenses, including homicide, burglary, drug offenses, theft, sex crimes, and kidnapping.

In the first few days of 2024, there were 3,104 noncitizen arrests by CBP, 48 involving weapons violations. In 2023, there were 15,267 arrests, with 307 for weapons offenses, according to CBP data.

Mr. Bollenbaugh said illegal gun purchases by criminals happen “all the time” despite serious efforts by law enforcement to track every firearm transaction and serial number in the United States.

He said it is illegal for a U.S. citizen to purchase a firearm for a person who is not authorized to own a gun, which includes illegal aliens.

A gun purchase by proxy is known as “straw purchase,” he said.

“The definition of a straw purchase is you are knowingly filling out the 4473 and background check because you know the person that wants the gun can’t obtain it legally,” Mr. Bollenbaugh said.

At MPP Guns in Phoenix, gun manager Henry Escobar said the rules are clear when purchasing a firearm.

“Our policy here is if you come in with more than one person—two or three people—we’re going to ask everybody for ID,” he said. “Even if they come in with an ID from another state, we’re going to turn them down.”

He said that many people enter the store simply to inquire about purchasing a gun.

“We ask if they’re a citizen, from out of state, or a permanent resident,” Mr. Escobar told The Epoch Times.

While federal background checks work for the most part, he said: “If they come in and lie saying they’re a U.S. citizen, and they fill out the form”—hopefully, “there’s a way for [the ATF] to catch that,” he said.

 

Tyler Durden
Tue, 01/09/2024 – 20:40

UMich Now Has Over 500 Jobs Dedicated To DEI, Payroll Exceeds $30 Million

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UMich Now Has Over 500 Jobs Dedicated To DEI, Payroll Exceeds $30 Million

Authored by Jennifer Karbany via The College Fix,

The University of Michigan continues to exponentially grow the number of staffers dedicated to advancing diversity, equity, and inclusion, with at least 241 paid employees now focused on DEI and payroll costs exceeding $30 million annually, according to an analysis conducted for The College Fix.

The payroll costs are $23.24 million for salaries and $7.44 million for benefits, or $30.68 million, an amount that would cover in-state tuition and fees for 1,781 undergraduate students.

Thirteen DEI staff members earn more than $200,000 and 66 earn more than $100,000 when factoring in benefits.

In addition, 76 faculty or staff members work part-time as “DEI Unit Leads” advancing diversity efforts in one of UM’s 51 schools, colleges, and units, bringing UM’s core DEI headcount to 317, said economist Mark Perry, who conducted the analysis.

The number of positions at Michigan’s flagship university advancing DEI exceeds more than 500 when including those who work full-time or part-time on DEI and factoring in open and unfilled positions, as well as employees who serve as “DEI Unit Leads” and others who serve on dozens of DEI committees, Perry said.

“That brings the total number of UM employees who advance DEI on either a paid or unpaid basis to well more than 500 and possibly as high as 600,” said Perry, a paid consultant for The Fix who used public salary and website data for the analysis.

University of Michigan disputes the findings, arguing in a statement to The College Fix they are “flawed and misleading” since they include employees whose primary duties are not solely DEI-related.

“Diversity, equity and inclusion are core values at the University of Michigan. As such, there is not a specific budget set aside for diversity outreach and recruitment,” said Colleen Mastony, university spokesperson, in an email Monday to The College Fix.

“Most employees working on DEI are not solely dedicated to DEI efforts but do so in addition to their other roles and responsibilities.”

“…The university’s DEI efforts are appropriate to the size, scope, and complexity of our university – spanning the university, including 51 units over our three campuses, our academic medical center, and our over 100,000 students and employees. Although some work is done centrally, much of it is done at the unit and department level,” Mastony said.

Today, the public university employs at least 241 paid staff members whose main duties are to provide DEI programming and services as a primary job responsibility, according to Perry.

As part of UM’s ambitious five-year Diversity, Equity & Inclusion (DEI) 2.0 Plan, the university’s 19 academic schools and colleges and its 32 non-academic units must now also implement DEI plans. Non-academic units include the school’s three libraries, art museum, botanical gardens, IT department, athletics, development, audit services and more.

“UM’s five-year diversity central plans are reminiscent of the Soviet Union’s and Communist China’s five-year central plans to achieve ‘Ideal Communist Societies’ which are examples of top-down oppressive bureaucratic blueprints to socially engineer outcomes decided by the top leadership of the dictatorial regimes,” Perry said.

“UM has become a DEI ideological complex with a university attached,” he said, referring to Warren Buffett’s comment calling GM is a health and benefits company with an auto company attached.

The $30.68 million cost to fund the 241 DEI employees does not include indirect costs, such as computers, phones, printers, travel expenses, conference expenses and overtime.

Perry said the full number of DEI positions likely exceeds 500 when taking into account: full-time or part-time DEI staffers at 241; employees who serve as DEI Unit Leads at 76; DEI positions currently open or unassigned, roughly 130; and employees serving on dozens of DEI committees in various departments, schools, colleges, and units at 150 or more.

DEI staff is well compensated with salaries as high as $402,800 for the university’s chief diversity administrator, Tabbye Chavous Sellers. She is paid almost two times more than the average full professor, about 2.5 times more than the governor, and about three times more than the average assistant or associate professor.

Michigan’s Gov. Gretchen Whitmer’s salary is $159,300, and the average salaries for assistant, associate, and full professors at UM are $129,500, $148,300, and $206,500, respectively.

The average DEI salary at UM is $96,400; factoring in fringe benefits, 144 DEI employees at UM receive a total compensation of more than $100,000.

The 2023-24 totals are a huge increase from last year’s figures, which came in at 142 DEI employees at a payroll cost of $18 million annually, a spike that can in part be traced to UM’s recent and sweeping five-year Diversity 2.0 Plan, which “outlines UM’s diverse, inclusive future” over the next five years from 2023 to 2028.

UM’s new DEI 2.0 plan comes on the heels of its first $85 million 5-year DEI 1.0 Plan from 2016 to 2021. According to the January 2023 column “The Good, the Bad, and the Ugly of DEI 1.0” in the Michigan Review, that plan failed miserably.

The independent student newspaper reported that campus climate surveys conducted in 2016 and 2021 found that UM students became less happy since the beginning of DEI 1.0 on nearly every metric.

The survey results show “DEI 1.0 has been a failure, and it is not because of a lack of resources. If the largest number of diversicrats in the country cannot improve life on campus, there is something wrong at the heart of the effort,” argued then-student Charles Hilu.

Hilu, a former contributor to The College Fix, said last week the new figures are even more disheartening.

“Given the program’s track record, it is unfortunate that the DEI bureaucracy is ballooning even further,” he said via email.

“As I had pointed out before, nearly every measure of student well-being declined after DEI 1.0, and students became less likely to interact with their peers who had different backgrounds,” he said.

“The first effort certainly did not have a lack of resources. I hope that the University of Michigan has truly assessed why DEI 1.0 yielded the poor results it did, given the amount of money and staff they are now throwing at their diversity programs.”

Tyler Durden
Tue, 01/09/2024 – 20:20

Analysts See “Uranium’s Third Bull Market” Through 2024

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Analysts See “Uranium’s Third Bull Market” Through 2024

So far this week, spot prices for yellowcake – uranium concentrate used in nuclear power generation – reached a new 16-year high, climbing to $92.45 per pound. Reflecting on our December 2020 note to readers in “Buy Uranium: Is This The Beginning Of The Next ESG Craze,” yellowcake prices have risen 217%. 

The uranium market is only getting hotter, and continued tightness could push prices over $100, analysts from Bank of America and Berenberg Bank wrote in two separate notes. 

BofA’s metals and mining team said tightness in uranium markets could extend well into 2025, indicating that prices could run higher through this year. The team of analysts has increased their uranium spot price price targets to $105 per pound in 2024 and $115 in 2025. 

They outlined three near-term catalysts that could propel prices higher:

  1. Higher electricity prices make higher uranium prices more absorbable
  2. Investment fund volumes continue to increase
  3. Inventories are lower than previously thought while production slippages also remain a risk

The analysts pointed out: “Uanium’s third bull market set up for a promising 2024.” 

On a separate note, Berenberg analysts said the requirement for some uranium users to diversify away from Russian supply could be a major price driver. They said prices will likely normalize around $70 per pound for the long term. 

Soaring prices have buoyed stocks of mining companies like Cameco up nearly 300% since December 2020. The Sprott Uranium Miners ETF (URNM is also up almost 300%. And supplier Uranium Energy Corp is up 416%. 

According to uranium market data firm UxC, uranium demand is surging as contracts signed by utilities reached 160 million pounds last year – the highest annual volume since 2012. 

“The uranium market is only getting tighter,” Jonathan Hinze, president of UxC, told The Wall Street Journal. 

It only took 13 years after the Fukushima disaster to put nuclear energy back into the spotlight as the world races to decarbonize power grids. 

Tyler Durden
Tue, 01/09/2024 – 20:00

US Appeals Court Blocks California From Banning Guns In Most Public Places

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US Appeals Court Blocks California From Banning Guns In Most Public Places

Authored by Jack Phillips via The Epoch Times (emphasis ours),

A U.S. appeals court on Jan. 6 allowed a judge’s ruling that blocked California from enforcing a new gun-control law that bans the carrying of firearms in most public places on the grounds that it was unconstitutional.

A California-legal AR-15 style rifle is displayed for sale at the Crossroads of the West Gun Show at the Orange County Fairgrounds in Costa Mesa, Calif., on June 5, 2021. (Patrick T. Fallon/AFP via Getty Images)

The 9th U.S. Circuit Court of Appeals dissolved an order by a different 9th Circuit panel from a week earlier that suspended an injunction issued by a judge who concluded that the Democrat-led state’s law violated the right of citizens to keep and bear arms under the U.S. Constitution’s Second Amendment.

The administrative stay previously entered is dissolved,” the court wrote in May v. Bonta. “The emergency motion under Circuit Rule 27-3 for a stay pending appeal and for an interim administrative stay is denied pending further order of the court.”

Last week’s order temporarily stayed the injunction. It allowed the law to take effect on Jan. 1. Gun rights groups then asked the 9th Circuit to reconsider, and on Jan. 6, a different panel of judges dissolved the order, suspending the injunction.

“So the politicians’ ploy to get around the Second Amendment has been stopped for now,” C.D. Michel, a lawyer for the gun rights groups, said in a statement.

California’s appeal of the injunction will now be heard in April. The state’s attorney general, in court papers, had argued that “tens of millions of Californians will face a heightened risk of gun violence” if the law were blocked.

The law was enacted after the U.S. Supreme Court’s landmark ruling in June 2022 that expanded gun rights nationwide. The high court, in that case, struck down New York’s strict gun permit regime and declared for the first time that the right to keep and bear arms under the Second Amendment protects a person’s right to carry a handgun in public for self-defense, establishing a legal precedent for future cases.

In December, U.S. District Judge Cormac J. Carney handed down a preliminary injunction against the gun law after he found that it would “unconstitutionally deprive” people with carry permits because they would not then have the “constitutional right to carry a handgun in public for self-defense.”

The judge also said California, with the law, intentionally undermined and ignored the landmark 2022 Supreme Court ruling.

“The law’s coverage is sweeping, repugnant to the Second Amendment, and openly defiant of the Supreme Court,” Judge Carney, an appointee of former President George W. Bush, wrote in his ruling. “The law designates twenty-six categories of places, such as hospitals, public transportation, places that sell liquor for on-site consumption, playgrounds, parks, casinos, stadiums, libraries, amusement parks, zoos, places of worship, and banks, as ‘sensitive places’ where concealed carry permitholders can’t carry their handguns.

The law, known as SB2, would make “every public place in California into a ‘sensitive place,’ effectively abolishing the Second Amendment rights of law-abiding and exceptionally qualified citizens to be armed and to defend themselves in public,” he wrote.

Kostas Moros, a lawyer for one of the plaintiffs in the case—the California Pistol and Rifle Association—told The Reload that the earlier appeals court ruling meant that the “right to carry in California was unconstitutionally eliminated for almost a week.” He hailed the court’s recent decision to block the law.

“We are relieved the status quo has been restored, and Californians with CCW permits, who are among the most law-abiding people there are, can resume carrying as they have for years,” he said, referring to concealed carry weapon permits.

In a statement to news outlets on Jan. 6 in response to the court order, a spokesperson for California Gov. Gavin Newsom said the move is “dangerous” and “puts the lives of Californians on the line,” adding, “We won’t stop working to defend our decades of progress on gun safety in our state.”

The SB2 law was signed by Mr. Newsom, a Democrat, in September of last year. The 9th Circuit will hear arguments for the case in April.

Responding to the decision, California Attorney General Rob Bonta, a Democrat, wrote on social media: “We’ve ensured California’s common-sense concealed carry weapons law—prohibiting concealed firearms in sensitive places like playgrounds and hospitals—takes effect tomorrow & while we appeal the lower court’s dangerous decision.”

Reuters contributed to this report.

Tyler Durden
Tue, 01/09/2024 – 19:40

Trans Professor With ‘Be Gay, Do Crimes’ Tattoo Appointed To WHO Taskforce

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Trans Professor With ‘Be Gay, Do Crimes’ Tattoo Appointed To WHO Taskforce

Authored by Micaiah Bilger via The College Fix,

Law professor will help create health guidelines for ‘trans, gender diverse people’

A Canadian transgender professor who sports a “be gay, do crimes” tattoo recently was appointed to a World Health Organization group tasked with developing healthcare guidelines for “trans and gender diverse people.”

Florence Ashley, an assistant law professor at the University of Alberta, is one of 21 individuals on the new taskforce, and about half of them identify as transgender, The Post Millennial reports.

Ashley uses “they, them, that, bitch” pronouns, according to the report.

Scheduled to meet in February, their goal is to develop international guidelines that will increase “access and utilization of quality and respectful health services by trans and gender diverse people,” according to a Dec. 18 announcement from the WHO.

The Post Millennial reports more:

The group includes two former presidents of WPATH, the World Professional Association for Transgender Health, which in their latest guidelines stated there should be no age-limit on sex changes for minors.

Ashley, a criminal law assistant professor at the University of Alberta, is on board with that, believing that “puberty blockers ought to be treated as the default option” for all minors, regardless of gender identity, so that kids can “choose” their gender instead of growing up naturally and without intervention because natural development “strongly favours cis embodiement by raising the psychological and medical toll of transitioning.”

Ashley also has told children on TikTok to “be gay and do crime,” according to the X account Libs of TikTok.

After the comments sparked backlash on social media, the law professor got a “be gay, do crimes” tattoo to “be gay and do crime even harder,” The Post Millennial‘s Libby Emmons wrote Sunday.

The new WHO taskforce that Ashley serves on is a project of the WHO Departments of Gender, Rights and Equity – Diversity, Equity and Inclusion, Global HIV, Hepatitis and Sexually Transmitted Infections Programmes, and Sexual and Reproductive Health and Research.

When the group meets, the WHO states that they will work to develop guidelines in five areas, including the “provision of gender-affirming care,” “health workers education and training for the provision of gender-inclusive care,” and “legal recognition of self-determined gender identity.”

According to The Post Millennial, this means “sex change surgeries for all people, including minors,” “medical staff using pronouns, encouraging sex change drugs and surgeries,” “eliminating sex-segregated domestic violence and rape crisis centers,” and more.

Tyler Durden
Tue, 01/09/2024 – 18:20