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Newly-Launched Finnish Nuclear Plant Sees Electricity Prices Plunge By 75%

Newly-Launched Finnish Nuclear Plant Sees Electricity Prices Plunge By 75%

Authored by Thomas Brooke via Remix News,

The commencement of regular output from a much-delayed Finnish nuclear reactor in April saw electricity prices in the country decrease by more than 75 percent.

The Olkiluoto 3 (OL3) nuclear plant completed the transition from testing to regular output last month to become Finland’s first new nuclear plant in more than four decades. It is expected to produce up to 15 percent of the country’s power demand.

And while the plant’s production is still in its early days, its launch has had a considerable effect on Finland’s energy prices, lowering the electricity spot price in the country from €245.98 per megawatt-hour (MWh) in December to €60.55 per MWh in April, a reduction of more than 75 percent, according to physical electricity exchange, Nord Pool.

Energy prices had risen sharply in the Scandinavian country after the Finnish government banned electricity imports from neighboring Russia last year due to the ongoing conflict in Ukraine. The utilization of nuclear power will be welcomed by Finnish consumers, particularly given the fact that Finland has the highest per-capita electricity consumption in the European Union.

“We have had more stability in the system because of OL3. It’s a huge nuclear plant, one of the biggest in the world, connected to a small system,” said Jukka Ruusunen, chief executive of Finland’s national grid operator Fingrid. “It has its own risks, which we are happy to follow up on,” he added.

Speaking to The National, Ruusunen explained that wind power is expected to be the largest source of energy production in Finland by 2027, with nuclear currently being a useful and reliable substitute.

He said that wind power is capable of attracting greater investment, with nuclear energy seemingly being blacklisted by a number of environmental investors.

“Nuclear, it seems, is not very attractive for the investors. This is what they say. But, it’s an option and I’m sure that our politicians would be in favor of these decisions,” he told the news site.

There are also business concerns:

“Who dares to put billions of euros into nuclear?” he asked.

Nuclear, however, continues to be an increasingly popular source of energy production in many EU nations with France, Sweden, Poland and Hungary all seeking to expand their nuclear energy output.

Last month, Poland secured $4 billion in U.S. funding to help build 20 small modular reactors across the country by 2029, while Hungary is focused on expanding its Paks nuclear power plant.

The Finnish example is a testament to how nuclear can play a part in solving the current energy crisis, with consumers still paying sky-high fees for energy in many European countries.

Germany, however, went the opposite way and controversially closed down its three remaining nuclear power plants last month. High inflation, high energy costs, and a sharp decline in industrial output have led to the International Monetary Fund (IMF) predicting a recession is in the cards for Europe’s powerhouse.

While German government officials say that energy prices are stabilizing, many will argue this is primarily because the federal government has spent around €26 billion in taxpayers’ cash on bailing out energy firms Sefe and Uniper, both of which incurred record losses by purchasing natural gas at hugely inflated prices to replace the banned supply from Russia.

As other European countries turn to alternative sources of energy production such as nuclear, some have ignored the benefits and chosen to plunge themselves into debt because of a notion that nuclear isn’t an acceptable energy source in the modern day.

Tyler Durden
Tue, 05/16/2023 – 06:30

“The American Public Was Scammed”: Trump Responds After Bomshell Durham Report ‘Exonerates’

“The American Public Was Scammed”: Trump Responds After Bomshell Durham Report ‘Exonerates’

Update (1850ET): Former President Donald Trump on Monday has responded through a spokesman, saying that the report “proves” a coordinated effort by the federal government to interfere with the 2016 US election.

WOW! After extensive research, Special Counsel John Durham concludes the FBI never should have launched the Trump-Russia Probe! In other words, the American Public was scammed, just as it is being scammed right now by those who don’t want to see GREATNESS for AMERICA!” Trump wrote on Truth Social.

“The Durham Report spells out in great detail the Democrat Hoax that was perpetrated upon me and the American people. This is 2020 Presidential Election Fraud, just like ‘stuffing’ the ballot boxes, only more so.”

“This totally illegal act had a huge impact on the Election. With an honest Media, we are looking at the Crime of the Century!”

Here’s a summary of the main findings from Techno Fog via The Reactionary:

  • “The FBI discounted or willfully ignored material information that did not support the narrative of a collusive relationship between Trump and Russia.”

  • Crossfire Hurricane “was opened as a full investigation without [the FBI] ever having spoken to the persons who provided that information.” Days after it was opened, Peter Strzok was telling a London FBI employee that “there’s nothing to this.”

  • Internal FBI communications discussing the Crossfire Hurricane during its early stages: it’s “thin” and “it sucks”.

  • British Intelligence pushed back on Mueller requests for assistance: “[a British Intelligence person] basically said there was no [expletive] way in hell they were going to do it.”

  • Durham documents TWO investigations into Hillary Clinton – one involving the Clinton Foundation and one involving illegal foreign contributions to Clinton’s Campaign.

  • In one Clinton Campaign investigation, an FBI confidential human source (CHS) had offered an illegal foreign contribution to the campaign through an intermediary. The Clinton Campaign was “okay with it” and “were fully aware”. The CHS offered the FBI a copy of the credit card charge; the FBI never got receipts. In fact, the FBI handling agent told the CHS “to stay away from all events relating to Clinton’s campaign.”

*  *  *

Special Counsel John Durham released his final report on Monday following over three years of investigation into the FBI’s handling of the Trump-Russia probe.

According to Just the News, the report concludes that the FBI had no verified intelligence or evidence when it opened up an investigation into Donald Trump and his campaign in the summer of 2016.

Durham placed blame on the FBI and DOJ for failing to follow their own standards in a probe which should have never taken place – including the agency’s surveillance of an American citizen without basis.

“Based on the review of Crossfire Hurricane and related intelligence activities, we concluded the Department and the FBI failed to uphold their important mission of strict fidelity to the law in connection with certain events and activities described in this report,” wrote Durham.

“The FBI personnel also repeatedly disregarded important requirements when they continued to seek renewals of that FISA surveillance while acknowledging — both then and in hindsight — that they did not genuinely believe there was probable cause to believe that the target was knowingly engaged in clandestine intelligence activities on behalf of foreign power.”

More via Techno Fog,

Meanwhile, CNN’s Jake Tapper said the report is “devastating to the FBI.”

Tyler Durden
Tue, 05/16/2023 – 06:22

Nord Stream Island Shaken By “Power Pressure Wave From Atmosphere”

Nord Stream Island Shaken By “Power Pressure Wave From Atmosphere”

Inhabitants of the tiny Baltic Sea island of Bornholm, near last year’s Nord Stream pipeline explosions, were alarmed Saturday when “acoustic pressure waves from an unknown source” sparked tremors, as first reported by AP News

Around 3 pm local time, GEUS, the Geological Survey of Denmark and Greenland, said they received dozens of calls from Bornholm residents about the ground shaking. Seismologists initially thought the source of the earthquake was a controlled explosion in nearby Poland but have since ruled that out. 

“The seismologists can report that it is unlikely that the tremors originate from a controlled explosion in Poland, which was carried out shortly before the first reports of tremors on Bornholm,” GEUS said. 

GEUS said the tremors were “most likely acoustic pressure waves from one or more events somewhere in the atmosphere.” It noted the seismic tremors were of a magnitude of 2.3. It wasn’t clear what “caused these powerful pressure waves.”  

GEUS’ seismographs located all over the country picked up tremors. 

The small island is close to the site where both blasts destroyed parts of the Nord Stream pipeline last September. 

Authorities have yet to reveal who was behind the Nord Stream pipeline attack, but journalist Seymour Hersh has reported the US blew up the Russia-to-Germany natural gas pipeline as part of a covert operation under the guise of the BALTOPS 22 NATO exercise. 

Tyler Durden
Tue, 05/16/2023 – 05:45

The Key Issues Turks Want Their Next President To Address

The Key Issues Turks Want Their Next President To Address

After an extremely close presidential election in Turkey on Sunday, Erdoğan and Kılıçdaroğlu will now face one another in a final runoff on May 28.

But, as Statista’s Anna Fleck reports, the next president will have a lot on their hands. Turkey is currently deep in an economic crisis, with high inflation rates and a collapsing currency. At the same time, the nation is still reeling from a devastating series of earthquakes that killed more than 50,000 people in the country. In terms of the state of civil rights, Turkey is one of the countries with the highest incarceration rates of the Council of Europe group, while it also ranks high among countries where the most journalists are imprisoned.

The following chart uses data from an online survey by Statista Consumer Insights of more than 2,000 Turkish adults to show which issues Turkish residents say most need to be addressed right now.

Of the 19 options polled, issues related to the economy were the most widely cited concerns, with 68 percent of adults selecting the economic situation in general, while 65 percent selected the issue of rising prices and inflation, 55 percent stated the issue of unemployment and 52 percent said poverty. Multiple options could be selected.

Infographic: The Key Issues Turks Want Their Next President To Address | Statista

You will find more infographics at Statista

However, civil rights too appeared fairly high on the chart, mentioned by 44 percent of respondents, followed by immigration with 42 percent. According to media reports, anti-refugee sentiments and xenophobia have been rising in Turkey recently, with the February earthquakes exacerbating tensions.

Turkey has played an important role in opening its borders to Syrians fleeing war in their home country. According to the UNHCR, Turkey currently hosts some 3.6 million registered Syrian refugees – 3.6 million who will be watching these elections carefully, as the outcome will determine the country’s immigration policies and security of their futures.

Other issues polled in the survey include the question of unifying the country (29 percent) as well as food and water security (29 percent), as well as the issue of defense and foreign affairs (21 percent) and religious conflicts (19 percent) and government debt (19 percent).

Tyler Durden
Tue, 05/16/2023 – 04:15

Hungary Outraged By Leaked Ukrainian Plans To Blow Up Vital Oil Pipeline

Hungary Outraged By Leaked Ukrainian Plans To Blow Up Vital Oil Pipeline

Via Remix News,

Hungarian media is abuzz with angry reactions after a leak obtained by The Washington Post revealed that Ukraine was planning to blow up the Druzhba oil pipeline that transports crude from Russia to Hungary.

According to the leaked documents, Ukrainian President Volodymyr Zelensky proposed at a February meeting with Deputy Prime Minister Yuliya Svyrydenko that Ukraine should blow up the pipeline in order to incapacitate the part of the Hungarian energy infrastructure reliant on Russian oil.

Government spokesman Zoltán Kovács reacted in a tweet with a short question: “How is it possible that Ukraine is plotting against a NATO country??”

Hungarian security analyst Péter Tarjányi said in a Facebook post that this would be a “very unfriendly, mistaken and stupid move.”

He added: “I understand that Ukraine does not like many Hungarian government actions and communications, but this does not justify such a plan or idea.”

Tarjányi then recalled that “on the one hand, Hungary has helped hundreds of thousands of Ukrainian refugees over the past 15 months, despite all the differences of opinion. We have to understand, our country sent aid, medicine AND!!! in the end voted for ALL sanctions against Russia.

He then pointed out that “in addition to this, and this is not a negligible FACT, Hungary is a NATO member, so such a plan makes no sense at all. This is a huge self-deception on the part of Ukraine, and Kyiv must explain itself very quickly. The main question is: Why did the Ukrainian president think that such a plan could be justified???? Why did he think he could risk NATO support by launching such an attack? I await further information on the matter.”

While the Russian invasion of Ukraine severely reduced Russian crude imports to the European Union, according to Eurostat data, last year Hungary imported 4.8 million tons of crude from Russia, 1.4 million more than in 2021.

The leak was part of a trove of military intelligence documents posted on a Discord server by 21-year-old Jack Teixeira, who served as an airman at a National Guard unit in Massachusetts. Teixeira was taken into custody over the leaks and faces substantial prison time if convicted.

Tyler Durden
Tue, 05/16/2023 – 03:30

Market Braces For Turkish Lira Collapse To 24 Per Dollar

Market Braces For Turkish Lira Collapse To 24 Per Dollar

By Ven Ram, Bloomberg markets live reporter and strategist

Turkey’s currency markets are on tenterhooks as the possibility of a runoff presidential vote opens up two weeks of uncertainty.

One-month volatility on the lira has surged to 48%, meaning the markets are braced for a possibility that the lira may decline to as much as 24.12 per dollar from 19.65 now. Preliminary results on Monday showed President Recep Tayyip Erdogan with a lead of more than 2 million votes but still without enough to avoid a second round on May 28 against rival Kemal Kilicdaroglu.

The central bank’s back-door interventions to prop up the lira since December 2021 reached nearly $177 billion in April ahead of the elections, with the tally amounting to some $30 billion in April alone, according to Bloomberg Economics. Meanwhile, combined foreign-investor holdings of Turkish stocks and bonds amounted to less than $24 billion on the Friday before the vote, a far cry from levels of above $150 billion a decade ago.

Over in Thailand, it’s a different story, with the baht advancing on news that opposition parties are on course to wrest power from the nation’s military-backed government. While there is still much short-term uncertainty, the baht — which tumbled below 38 per dollar last year — looks on course to consolidate its gains in 2023 given the optimism surrounding the domestic economy.

Tyler Durden
Tue, 05/16/2023 – 02:45

NATO Members Split On How To Upgrade Ukraine’s Status At Upcoming Summit

NATO Members Split On How To Upgrade Ukraine’s Status At Upcoming Summit

Authored by Kyle Anzalone via The Libertarian Institute, 

Members of the North Atlantic Treaty Organization (NATO) are privately debating what Kiev’s status should be within the alliance. All countries agree on upgrading Ukraine’s standing in the bloc, but some members are hesitant to give Kiev a concerted path to joining the alliance, the Washington Post reports

The leaders of the North Atlantic alliance are scheduled to gather in Lithuania for the Vilnius Summit in July. During the gathering, the members are expected to agree to strengthen the ties between the bloc and Ukraine

Last month, NATO chief Jens Stoltenberg said the country’s membership status will be on the table at the upcoming gathering. “The Vilnius Summit will be important for many reasons… President Zelensky will raise the issue of membership, of security guarantees, and this will be high on the agenda of the meeting,” he added, “Ukraine’s future is in NATO. All Allies agree on that.”

According to the Post, the alliance is divided by east and west. Eastern European members, and Kiev, seek to give Ukraine a path to membership that includes concrete steps as well as a timeline to becoming a full member. Some Western European states, including the US, do not agree and prefer to focus on the war against Russia. 

US officials speaking with the Post said they view “Membership and potential security guarantees as matters that should be addressed as part of an eventual settlement to the war.” Countries opposed to Kiev joining the alliance worry it will put NATO in a direct war with Russia. 

Washington is supportive of a “bureaucratic upgrade to a NATO-Ukraine body or a decision to further expand NATO’s technical support to Ukraine’s defense sector,” the Post reports. However, the White House appears unwilling to publicly voice its opposition to Ukraine becoming a member

Late last month, press secretary Karine Jean-Pierre said the decision to admit new members is “up to NATO” and countries aspiring to join, adding that the administration’s current focus is on supplying Kiev with weapons to “push back against Russian aggression.”

The Post spoke with an Eastern European official who said there is “something of a ping-pong between Germany, France and the US,” with each government accusing the others of preventing Kiev from receiving a concrete path to membership within the bloc. While the disagreements remain unresolved, all parties agree it is important to present cohesion in public. 

Russian President Vladimir Putin has denounced plans for Kiev to become a member of the North Atlantic alliance. When explaining his reasons for invading Ukraine, Putin said NATO expansion and Kiev’s pending ascension into the alliance were the primary reasons.

Tyler Durden
Tue, 05/16/2023 – 02:00

WHO Pushes “Early Childhood Masturbation” For Toddlers, Encourages Questions About Gender Identity For Kids Aged 4

WHO Pushes “Early Childhood Masturbation” For Toddlers, Encourages Questions About Gender Identity For Kids Aged 4

Authored by Steve Watson via Summit News,

Backlash has ensued following the renewed focus on the World Health Organisation’s “sexuality education” guidance for schools to provide to children as young as four years old.

As reported by the Daily Mail, the guidance states that children under four should be encouraged to “ask questions about sexuality” and “explore gender identities.”

The 68-page report titled Standards For Sexuality Education in Europe, also calls for supplying information to toddlers about “enjoyment and pleasure when touching one’s own body, early childhood masturbation.”

The policy paper also states that kids between four and six years should “talk about sexual matters” and “consolidate their gender identity.”

The document also asserts that sexuality is present from birth, claiming “From birth, babies learn the value and pleasure of bodily contact, warmth and intimacy. Soon after that, they learn what is ‘clean’ and what is ‘dirty’,” adding “In other words, they are engaging in sexuality education.”

The WHO told reporters that “Our guidelines reflect established psychological facts based on decades of research.”

Covering the issue, GB News reporter Mark Dolan called the development “sick” and urged that the WHO can “go to hell.”

Conservative shadow minister for education in Wales, Laura Anne Jones, has called for the global health body to “rescind the advice immediately,” further labelling it “disturbing.”

Jones urged “We must stop this pushing of harmful gender ideology into sex education in Wales and the UK, with immediate effect.”

Advocacy Group Safe Schools Alliance also demanded an “urgent enquiry” be conducted into potential links between the guidance and education policies in the UK.

“We find it extremely concerning that the UN and WHO are promoting an approach that is experimental, unscientific, and appears to be aligned to the work of unethical individuals and organisations, including those promoting the acceptance of paedophilia,” the organisation recently asserted.

“We call upon them to revise their standards to align with a safeguarding-first approach that protects children while allowing them to develop a healthy and age-appropriate understanding of sex,” a statement further noted.

The development comes on the heels of two UN bodies publishing a report that outlines an agenda to decriminalise all ‘consensual’ sexual activity, even between adults and minors.

UN, Globalists Seek To Decriminalise Sex With Minors

*  *  *

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Tyler Durden
Mon, 05/15/2023 – 23:50

ChatGPT Is The Most Tried AI Tool And Users Stick To It

ChatGPT Is The Most Tried AI Tool And Users Stick To It

Ever since the release of ChatGPT in November 2022, AI tools have been all the rage. However, as Statista’s Felix Richter reports, while there have been AI-powered tools before OpenAI released ChatGPT to the public, none of them gained as much public attention and hype.

Word of ChatGPT’s capabilities spread like wildfire online and within days, more than a million people had registered to use it.

Infographic: ChatGPT Is the Most Tried AI Tool and Users Stick to It | Statista

You will find more infographics at Statista

ChatGPT was the first generative AI tool to reach mass adoption, giving millions of people around the world a taste of what large language models are capable of. Ever since then, other tools, for example AI-based image generation tools such as Midjourney or DALL-E, have also gotten more attention, but so far none has come as close to mainstream adoption as ChatGPT has.

According to a survey conducted by Statista Consumer Insights, 20 percent of U.S. respondents had tried ChatGPT by the time the survey was fielded in March and April 2023, putting it far ahead of other AI tools such as Jasper Chat, GetGenie or Simplified, most of which have been designed to assist users in text generation and copywriting. Among the tools that most people have tried, ChatGPT also left its users most impressed, with 89 percent of prior users saying they would use it again. In that respect, Midjourney, a powerful text-to-image generator achieved the worst score, with just 65 percent of prior users saying they’d return to the tool.

Tyler Durden
Mon, 05/15/2023 – 23:30

IRS Abruptly Removes Investigative Team From Hunter Biden Probe: Whistleblower’s Attorneys Claim

IRS Abruptly Removes Investigative Team From Hunter Biden Probe: Whistleblower’s Attorneys Claim

Authored by Steve Straub via The Federalist Papers,

In an alarming move that has raised eyebrows and suspicions about the integrity of federal agencies, the Internal Revenue Service (IRS) abruptly removed the entire team working on the high-profile tax fraud investigation of Hunter Biden, first son of President Joe Biden.

This drastic action allegedly came on the orders of the Justice Department, adding to the widespread concern among conservatives about potential corruption and the abuse of power within the federal government.

The abrupt reassignment of the investigative team has been perceived by many as retaliation against the supervisory special agent whistleblower, who alleged a coverup of the controversial probe.

The agent, who has been overseeing the investigation since early 2020, was informed of this sudden personnel change, according to a letter from his attorneys, Mark Lytle and Tristan Leavitt, to Congress.

In the letter, Lytle and Leavitt suggested that the removal of the investigators not only constituted retaliation but could also be construed as an obstruction of a congressional inquiry.

The attorneys pointed out that their client had a legal right to make disclosures to Congress under 5 U.S.C. § 2302 and that any attempt to prevent a federal employee from furnishing information to Congress is a direct violation of long-standing appropriations restrictions.

They further emphasized that the removal of the experienced investigative team was the very issue the whistleblower initially sought to expose.

Hunter Biden, who was seen giving journalists a thumbs-up during his daughter Maisy’s graduation ceremony from the University of Pennsylvania, is the alleged subject of the coverup claims.

Communications retrieved from his abandoned laptop revealed that he had paid up to “half” of his income to his father, President Joe Biden.

This controversy arose simultaneously with the release of the long-awaited report by special counsel John Durham detailing bias in the FBI’s investigation of former President Donald Trump’s alleged links to Russia.

The timing of these events has further incensed conservatives, fueling claims of a biased news cycle.

The IRS whistleblower first surfaced last month when Lytle informed congressional leaders that his client wished to expose the “preferential treatment” in the Hunter Biden case and the alleged false testimony to Congress by Attorney General Merrick Garland.

Garland had repeatedly reassured lawmakers that Delaware US Attorney David Weiss could unilaterally make charging decisions in the investigation.

This information comes amid reports of “growing frustration” within the FBI over Weiss’s failure to bring charges against Hunter Biden, despite the bureau concluding most of its work last year.

Weiss, a Trump administration holdover endorsed by Delaware’s two Democratic senators, had been at the helm of the investigation, which reportedly began in 2018.

This incident is not the only whistleblower complaint to surface recently. Another whistleblower informed Senator Chuck Grassley (R-Iowa) that the FBI has a file from 2020 alleging that Joe Biden accepted bribes as vice president.

These allegations led House Oversight Committee chairman James Comer (R-Ky.) to issue a legally binding subpoena for the document.

However, the FBI, in a move that further intensifies the scrutiny on federal agencies, refused to comply and submit the document to Congress last week.

The meeting between Hunter Biden’s attorneys and Justice Department leaders a week after the IRS whistleblower stepped forward has sparked speculation that a charging decision may soon be reached in the tax fraud investigation.

Nonetheless, critics argue that such a decision has been long overdue, and the delay only adds to the growing frustration within the FBI and the mounting skepticism among conservatives.

These recent events have raised serious questions about the impartiality of federal agencies and their alleged use as political tools.

The sudden removal of the IRS investigative team from the Hunter Biden probe, particularly in the wake of the whistleblower’s allegations of a coverup, signifies a troubling trend.

It serves as a stark reminder of the need for transparency, accountability, and the rule of law within these agencies to ensure they act in the best interest of the American people, rather than as political instruments.

The weaponization of federal agencies is a matter of grave concern for conservatives, who view these incidents as blatant attempts to shield the Biden administration and hamper the proper functioning of democratic institutions.

As this story unfolds, it further underscores the pressing need for an unbiased investigation into these allegations to restore public faith in the integrity and independence of federal agencies.

Tyler Durden
Mon, 05/15/2023 – 23:10