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Iran Is Conducting “Massive” Military Drills On The Azerbaijan Border

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Iran Is Conducting “Massive” Military Drills On The Azerbaijan Border

Via EurasiaNet,

Iran’s military is conducting large-scale military drills on its border with Azerbaijan, including practicing crossings of the Aras River, which defines a large part of the border between the two states.

The exercises, called “Mighty Iran,” began on October 17. The exact location has not been specified, but Iranian media placed them in between Iran’s provinces of Ardabil and East Azerbaijan, the part of Iran across the Aras from Azerbaijan’s Fuzuli region. One expert on open-source intelligence, however, analyzed photos of the pontoon crossing and placed it across from Azerbaijan’s exclave of Nakhchivan.

The drills come as Iran has been stepping up its diplomatic warnings to Baku about Azerbaijan’s intentions for a new transport link connecting Azerbaijan’s exclave of Nakhchivan with the Azerbaijani mainland, a route that Baku calls the “Zangezur corridor.” The route would pass along Armenia’s border with Iran, with uncertain consequences for Armenia-Iran commerce.

“Iran will not permit the blockage of its connection route with Armenia, and in order to secure that objective the Islamic Republic of Iran also launched a wargame in that region,” Iran’s Foreign Minister Hossein Amir-Abdollahian said in an October 19 interview with the IRNA news agency.

Amir-Abdollahian was planning to visit Armenia on October 20 to officially open Iran’s new consulate in Kapan, in the flashpoint province of Syunik, which borders Azerbaijan and Iran, Armenia’s foreign ministry reported. 

Iranian media have described the exercises as “massive.”

Photos have depicted lengthy rows of tanks and multiple-launch rocket systems. Military officials say the forces in the drills have practiced simulations of airborne landings, as well as the use of suicide drones of the type that Russia recently debuted in Ukraine. 

The most noteworthy element of the exercise so far has been the practice of crossing the Aras River using pontoon bridges, which Iranian media said was the first time the forces have drilled on that technique. The Aras River forms a large part of the Iran-Azerbaijan border, though presumably they chose a rare section in which the northern bank is Iranian, not Azerbaijani, territory. October 19 video from the exercise showed tanks and supply trucks driving over a pontoon bridge.

The exercise indicates that “the armed forces’ determination to confront any regime that wants to cut Iran’s land connection with Armenia is serious,” tweeted Iranian military analyst Hossein Daliran. 

It comes as tensions in the region are growing on several fronts. In August, apparently in response to Iran’s regular warnings about the Zangezur corridor, Azerbaijani pro-government media began attacking Iran on a deeply sensitive issue, encouraging the large ethnic Azerbaijani minority in the country to secede. 

In September, Azerbaijan launched an attack against a broad section of the Armenian border, raising fears of a larger invasion. Tension has continued to fester, with a recent increase in ceasefire violations. Iran, meanwhile, has been beset by countrywide anti-government protests while strengthening its alliance with Russia through the drone supplies. 

After its infowar threats stoking separatism two months earlier, Baku has been noticeably quieter in the days since this exercise began. There has been no official comment, and pro-government media have been downplaying the story. Some outlets presented the exercises as taking place on the Armenian border, others speculated that the real target was likely Armenia because of the disastrous consequences an attack on Azerbaijan would entail. (One piece, in the pro-government Musavat, was an exception and did not minimize the issue, calling it “a very serious provocation and threat. With this, the Iranian side is demonstrating that it is ready to encroach on the territorial integrity and sovereignty of Azerbaijan.”)

But Azerbaijan could be merely biding its time: the last time Iran held massive military drills on its border with Azerbaijan, last year, Baku responded in a similarly low-key manner for several days before President Ilham Aliyev fired back, if only rhetorically

Iran’s embassy in Baku has been giving mixed messages about the exercises. It issued a statement insisting that the drills were pre-planned and that Azerbaijan was notified in advance, “taking into consideration the friendly and brotherly relations” between the two countries. 

The ambassador himself, though, gave a more pointed statement, tweeting a video of the exercises set to martial music and writing that they were a demonstration of Iran’s “readiness to defend the security of the country’s borders and a decisive response to any threats and interventions by countries and regimes in the region.”

While Tehran has for some time been warning Azerbaijan about its threats to Armenia, in recent days its talking points have incorporated a new perceived threat in the Caucasus: the “European military presence.”

Iran President Ibrahim Raisi met with Aliyev in Astana on October 13 and a senior Raisi adviser wrote after the meeting that the Iranian leader “rejected any change in the historical borders, the geopolitics of the region, and the Iran-Armenia transit route” and that that would “elicit a decisive response from Iran.” But he added that Raisi “also rejected European military presence in the region under any cover. He said internal issues won’t distract us from the Iranian nation’s strategic interests.”

The “European military presence” would seem to be a reference to a new European Union monitoring mission that began deploying to Armenia this week. That mission will be modest – 40 members, with a two-month mandate – but it seems to have spooked Iran. More Europeans could be coming: the Organization for Security and Cooperation in Europe announced that it would be sending an “assessment mission” to Armenia between October 21 and 27. 

The goal of the European mission(s) appears to be the same as that of the Iranian military exercises: reduce fears of an Azerbaijani attack on Armenia.

(One Azerbaijani analyst, improbably, suggested the two sides may be in cahoots.) 

How the European presence in Armenia may change Iran’s strategic calculations remains to be seen. But Armenia continues to count on support from Tehran. A delegation of members of Armenia’s parliament visited Tehran on October 13 and met with several senior Iranian government officials, including Foreign Minister Amir-Abdollahian. 

“Iran’s principled position regarding the inevitable need to protect Armenia’s internationally recognized borders and territorial integrity and to condemn the recent military aggression undertaken by Azerbaijan was emphasized,” wrote the leader of the group, MP Gevorg Papoyan.

Tyler Durden
Sun, 10/23/2022 – 08:10

The Global Inflation Outlook

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The Global Inflation Outlook

The International Monetary Fund has said that it expects inflation pressures to be significant around the world throughout 2022.

In fact, as Statista’s Katharina Buchholz reports, inflation is predicted to be worse in developing economies, where price increases are projected to reach 9.9 percent on average over the course of this year. In developed nations, this number was put at 7.2 percent by the IMF.

After the invasion of Ukraine by Russia in February, the organization revised their inflation projections upwards – by 3.3 percent for developed countries and 4 percent for developing nations.

This shows that even before the war in Ukraine disrupted global energy and food supplies, inflation projections had already been quite high as supply chains overstretched by restocking needs after the end of major Covid-19 lockdowns had already caused inflation to rise to levels not seen since the aftermath of the Great Recession.

Worse still, global growth expectations are faltering fast, prompting fears of global stagflation…

Because many developing nations are experiencing economic growth, inflation is generally higher on average in this group of countries. But this doesn’t mean that inflation cannot hit non-industrialized countries hard if it happens at a time when their economies are struggling…

Infographic: The Global Inflation Outlook | Statista

You will find more infographics at Statista

Countries experiencing conflict, upheaval or major economic problems in 2022 are expected to see inflation rates far above the global average of 8.8 percent. Among them are Venezuela, Sudan, Zimbabwe, Turkey and Argentina.

95 countries – from the developed and the developing world – are projected to see inflation above 5 percent but below 10 percent.

This is more than the around 80 which are expected to keep inflation at or below the 5-percent mark.

Tyler Durden
Sun, 10/23/2022 – 07:35

19 States To Investigate Banks For ESG-Style Commitment To UN Alliance

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19 States To Investigate Banks For ESG-Style Commitment To UN Alliance

Authored by Nathan Worcester via The Epoch Times (emphasis ours),

The war between states and banks over environmental, social, and governance (ESG) investing and similar practices has reached the doorstep of the U.N. A total of 19 state attorneys general have launched investigations of major financial institutions’ commitment to the U.N.-convened Net-Zero Banking Alliance.

The United Nations headquarters building in New York is seen from inside the General Assembly hall on Sept. 21, 2021. (Eduardo Munoz/Pool Photo via AP)

The alliance’s website states that its members control roughly 40 percent of the world’s banking assets and are “committed to aligning their lending and investment portfolios with net-zero emissions by 2050.”

The Net-Zero Banking Alliance is a massive worldwide agreement by major banking institutions, overseen by the U.N., to starve companies engaged in fossil fuel-related activities of credit on national and international markets,” Missouri Attorney General Eric Schmitt said in a statement regarding the investigations.

A May statement from the alliance states that it “does not support the financing of fossil fuel expansion” but notes that it “believes that immediate divestment from existing fossil fuel positions will not necessarily bring about the required real economy decarbonization that the world needs.”

We are leading a coalition investigating banks for ceding authority to the U.N., which will only result in the killing of American companies that don’t subscribe to the woke climate agenda. These banks are accountable to American laws–we don’t let international bodies set the standards for our businesses,” Schmitt said.

Arizona, Arkansas, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Montana, Nebraska, Oklahoma, Tennessee, Texas, and Virginia are among the states now investigating the banks through a powerful tool known as a civil investigative demand.

One demand encompasses the following requests: “Describe Your involvement in each Global Climate Initiative in which You participate, including the date You first began participating; any promises, pledges, or other commitments You made to the Global Climate Initiative; or any actions You made or took pursuant to, or consistent with, such commitments, or Your initial or on-going participation, and the employee(s) responsible for managing Your relationship with each Global Climate Initiative.”

Schmitt’s announcement is the latest salvo in a long-running conflict between major financial institutions and individual U.S. states regarding ESG.

State treasurers, such as West Virginia’s Riley Moore, have sought to move their state’s money from financial institutions that follow ESG principles.

Read more here…

Tyler Durden
Sun, 10/23/2022 – 07:00

Soros, Thornton, Hawke: New Book Details How Beijing Manipulated Western Elites

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Soros, Thornton, Hawke: New Book Details How Beijing Manipulated Western Elites

Authored by Daniel Teng via The Epoch Times,

Beijing’s highly secretive Ministry of State Security (MSS) leveraged and manipulated leading Western political and business elites to deepen the Chinese Communist Party’s influence around the world, according to a new book by Alex Joske, an expert on Chinese foreign interference.

The early pages of “Spies and Lies: How China’s Greatest Covert Operations Fooled the World” detail how billionaire George Soros, inspired by his work establishing the Open Society Foundation in post-communist Hungary, carried out similar work for China during Chinese leader Deng Xiaoping’s economic reform era.

The vehicle devised by Soros, and partner Liang Heng, was to establish the Fund for the Reform and Opening of China (the China Fund) to support cultural, business, and scientific research to assist with the country’s opening up, according to Joske, a senior analyst at the Australian Strategic Policy Institute.

Yet amid political manoeuvring between factions in the 1980s, the China Fund was forced to partner with the China International Culture Exchange Center (CICEC), an organisation claiming to be under the control of the Ministry of Culture.

George Soros, founder and chairman of the Open Society Foundations, arrives for a meeting in Brussels, Belgium, on April 27, 2017. (Olivier Hoslet/AFP/Getty Images)

Joske alleges that Soros and Liang soon discovered, however, that CICEC had its own motives for the China Fund, and that was to support political initiatives rather than activities associated with liberalising China.

Soros later closed the China Fund with CICEC co-chair Yu Enguang, revealed to be a “high-ranking official in the external police” or the MSS.

“The MSS seizure of the China Fund was an impressive display of the agency’s confidence in engaging with one of America’s best-connected and wealthiest men. What it learnt could be applied to future operations as the agency grew more aggressive and internationally focused over the following decade,” Joske wrote.

CICEC itself would continue to be a “custom-made organ” for meeting and secretly influencing recruits from around the world.

“Politically sensitive missions like engaging directly with George Soros or posing as liberals with the Party in order to gain the trust of foreigners are home turf for these officers,” he said.

Exploiting Ambition

Joske also notes that the MSS was very adept at exploiting the ambition of Western elites and cites the example of the former co-president of Goldman Sachs, John Thornton.

After quitting the banking giant, Thornton held several prominent positions with major Chinese institutions, including a directorship at the well-known Tsinghua University.

Journalist Josh Rogin alleged Thornton developed one of the “most reliable and high-level networks with the families that run the CCP,” which shaped Thornton’s views on how to manage China relations.

John L. Thornton, guest professor and director of Global Leadership Program at Tsinghua SEM and chairman of the board of the Brookings Institution, speaks during the 2011 Tsinghua Management Global Forum at Tsinghua SEM Auditorium in Beijing on Oct. 25, 2011. (VCG/VCG via Getty Images)

“Thornton’s beliefs about China’s future have been characterised by the same false narratives the MSS Social Investigation Bureau pushed on foreign scholars, diplomats, and elites. In 2008, he argued in an essay for Foreign Affairs magazine that the Party was actively considering moving towards democracy,” Joske wrote.

“Thornton’s writings reflect the same optimism about China that Party leaders and the MSS learnt to capitalise on decades earlier.”

The former Goldman Sachs executive went on to encourage the Trump administration to befriend Chinese leader Xi Jinping directly. Yet these efforts at diplomatic engagement with the Chinese leadership would eventually give way to tough sanctions on China to correct years of intellectual property theft and unbalanced trade.

Thornton, along with several major Wall Street figures, also allegedly attempted to sway the Biden administration on its China policy, but these efforts have also fallen to the wayside as scrutiny of the Chinese Communist Party becomes more widespread.

Exploiting a Love of China

Joske also draws attention to the Chinese regime’s use of people’s love for China outlining the example involving former Australian Labor Prime Minister Bob Hawke.

Hawke was distraught in the aftermath of the Tiananmen Square Massacre in 1989 and famously responded by granting 42,000 Chinese nationals’ asylum.

Joske says four years after the massacre, Hawke received a message from the Chinese consul in Sydney inviting him to visit China.

Former Prime Minister Bob Hawke in Brisbane, Australia, on Aug. 16, 2010. (William West/AFP/Getty Images)

Hawke felt it was important that Australia-China relations grew, so agreed to do so. There he was received and welcomed by then-Chinese leader Jiang Zemin and then-Premier Li Peng.

“The special bromance between Chinese and Australian leaders was back on track. Hawke thought the fate of [former Premier] Zhao Ziyang, who eventually died in house arrest, was ‘extremely sad,’ but the importance of building ties to the Party leadership came first,” Joske wrote.

He further added that the issue of Tiananmen was eventually “swept under the rug,” and Hawke would go on to play a valuable role in selling China to the rest of the world.

Read more here…

Tyler Durden
Sat, 10/22/2022 – 23:30

Visualizing 20 Years Of Top Trending Google Searches

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Visualizing 20 Years Of Top Trending Google Searches

For decades, Google search has been a go-to source for many when looking up directions, keeping up with the news, or seeking information on new and unfamiliar topics.

Today, Google processes about 3.5 billion searches per day. Because of its dominant market share, Google holds a vast archive of keyword searches that, when analyzed, provide an interesting glimpse into the key themes that have captured the world’s attention over the years.

Visual Capitalist’s Carmen Ang and Nick Routley show in the infographic below, using data from Google Trends going back 20 years, some of the top keyword searches since 2001.

Visual Capitalist’s editorial team dug through hundreds of top trending search terms from global and U.S. data and hand-selected their top picks, which are featured in the graphic above.

Trending vs. Volume

Before diving in, it’s worth emphasizing how top trending searches differ from popular searches, which are measured by sheer volume.

Trending searches are terms that have recently spiked in popularity. They focus on growth rather than total volume, and in this dataset, trending terms gauge year-over-year growth.

A good example is Donald Trump, who popped up in the news cycle during the 2016 presidential campaign. After the election, interest in Trump remained high. But his name doesn’t pop up on the Google trends list after 2017, since by that point, search volume for Trump had plateaued.

What are the most popular Google search terms, by volume? To be honest, they’re slightly less interesting than the top trending searches — YouTube is number one, followed by Facebook, then WhatsApp web.

The Globalization of Search Trends

The people and topics featured in Google’s top trends lists evolves as time goes on, reflecting broader adoption of the internet (and Google Search) around the world over time. Early themes are tied to mainstream U.S. pop culture and tech trends.

As time goes on, social media and smartphone adoption increase the granularity and volume of searches, resulting in top trends that are more participatory, diverse, and global in nature.

One final variable to keep in mind is that Google itself began to share more detailed search highlights with each passing year.

Two Decades of Google Searches: Macro Insights

Now that we’ve explained what trending searches actually measure, let’s dig into some of the key themes that have emerged over the last two decades of Google searches.

① People Love Sports

Over the last 20 years, sports have remained a continuous trend.

Every four years, the World Cup shows up as a top trending keyword across the globe. The Olympics also makes a regular appearance, along with Olympic athletes like Michael Phelps and McKayla Maroney.

Although the U.S. dominates the list, particularly when it comes to athletes, there’s still a good variety of international sports that go viral, especially as time goes on. In the last two years, cricket, rugby, and soccer have all made the top five trending lists.

② The Emergence of Celebrity 2.0

Over time, you can also see a transition from the conventional celebrity to celebrity 2.0, also known as the social media celebrity. 

In the early 2000s, pop culture icons like Britney Spears, Eminem, and Jennifer Lopez flooded the trending searches, and traditional media forms like TV shows and Movies dominated the mass media categories.  

But by 2011, YouTube stars like Rebecca Black started to make their way on the trending search lists. And in 2014, Meme emerged as a top trending category.

This transition nods to a larger shift in media, as digital has gradually overtaken traditional media as the dominant form of entertainment.

③ Natural Disasters are Top of Mind

Natural Disasters are a key trend throughout this data set as well.

Hurricanes are a particularly trendy word, showing up almost half the time—in eight of the 20 years. In 2005, Hurricane Katrina ranked second in the most searched category across the globe.

It continued to gain global attention—by 2006, Hurricane Katrina was still in the top five trending news searches.

Dig Deeper into Trending Google Searches

Our team enjoyed sifting through 20 years of Google data, and we hope you enjoyed this blast from the past too. If you’d like to dive deeper, you can explore Google’s full dataset here.

Happy searching.

Tyler Durden
Sat, 10/22/2022 – 23:00

Alaskan Locals Pointing Fingers At Causes Behind Record Number Of Marauding Bears

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Alaskan Locals Pointing Fingers At Causes Behind Record Number Of Marauding Bears

Authored by Autumn Spredemann via The Epoch Times (emphasis ours),

Spotting a bear in the Alaskan wilderness is an exciting and terrifying prospect for nearly 2 million visitors who make the trip up north annually.

American black bear (Ursus americanus) feeding on salmon eggs (roe) at creek at Neets Bay fish hatchery, Behm Canal in Southeast Alaska near Ketchikan, USA. (Wolfgang Kaehler/LightRocket/Getty Images)

However, dealing with bears is a chore and just part of life for locals.

On a good day, that means constant vigilance and being conscious about little things—like where you stash your fishing gear and old take-out containers.

On a bad day, dealing with bears can be dangerous and very expensive.

Nestled in the winding waterways of Southeastern Alaska is the town of Haines. Touted as the “adventure capital” of the state, it has the spirit of a true frontier outpost.

Stock photo of an Alaska black bear pondering whether to maraud. (Danika Perkinson/Unsplash)

It’s the kind of place where you can buy hunting rifles and liquor directly across the street from the cruise ship dock.

It’s also the location of a record-high number of bear killings out of self-defense in 2020.

That year, police received an astonishing 452 phone calls requesting help with bears breaking into homes, restaurants, and cars in search of food.

Haines police chief Heath Scott indicated the number of calls was eight times higher than in 2019.

The outcome was grim.

Official counts stated a total of 46 bears—an unprecedented number—were culled out of necessity to protect human life and property. Some Haines locals say the unofficial number was closer to 60 bears.

Last year, Haines police received more than 50 bear-related calls. That’s still above the average, which is around 35-50 calls per year.

Quick to sound the alarm, some climate alarmists cite lower fish populations resulting from rising water temperatures as the cause for higher numbers of bear rampages over the past two years.

But some Haines residents aren’t so quick to sweep marauding bears under the rug of climate change.

Locals say fluctuating fish populations are not unusual.

Compounding this is irresponsible trash management and nearby fish farms. The latter is something many Alaskans assert has quietly fueled this problem for years.

 Bear Necessities

This isn’t anything new. It’s an ongoing thing,” Shori Long told The Epoch Times.

Long has had more than her fair share of encounters with intrepid bears in the past 36 years. She grew up fishing in Alaska’s vast wildlands around the Aleutian Islands and Haines.

“I remember playing on the beach as a kid and never really worried about bears,” she said, adding there was no electricity where she grew up until 2009.

Long described sunny days as a young girl spent catching salmon barefoot with her dog. But since then, she’s noticed increasingly bold behavior among the local bear population.

She attributes this to a shift in perception where bears now associate humans directly with food.

Much of this derives from negligent behavior with trash and fish scraps.

Uneducated fishermen—many of whom are visitors—will often feed bears directly or leave scraps nearby. After years of this dangerous practice, bears now see humans as walking food trucks.

“They would throw their fish to the bears or leave the chum on the beach. Bears have learned from this and now they think, ‘Oh hey, there’s another human with a pole. That means food,” Long said.

She also noted there were two key elements behind the historic 2020 bear rampage. They’re the same factors that underscore any year with a higher than average amount of bear damage.

Destroyed garage doors near Haines, Alaska during the unprecedented bear rampage in October 2020. (Courtesy of Charlene Jones)

“That was a really bad year for fish and berries combined. The berries weren’t there, and the fish just weren’t there,” she said.

Other than fish, wild berries provide another important food source for Alaska’s ursid population. A combined scarcity can force hungry bears to shift from regular hunting and foraging to full-blown ransacking.

It’s the availability of natural foods. In 2020, it was a very low fish year and there weren’t many berries around,” Roy Churchwell, told The Epoch Times.

Churchwell is a biologist for the Alaska Department of Fish and Game. He said the fish and berry supply was a little better in 2021 but “still not great.”

He also says that bear rampages aren’t on the rise, per se. It completely depends on food availability, which varies from year to year.

“For example, if wild foods become available again, it’s very common for bears to go back to those wild resources,” Churchwell said.

Bear damage estimate and photo. (Courtesy of Dan Egolf)

When hungry bears can’t find enough to eat in the woods, they often wander into cities and towns.

Every year, they cause thousands of dollars in property and vehicle damage. They tear open doors to homes and cars, break through windows, and demolish storage sheds.

Churchwell noted that Haines has problems with both black and brown bears, which are the species normally encountered in Southeastern Alaska.

Confrontations with grizzlies are more common in the interior portion of the state.

Despite the fierce reputation of Alaskan grizzlies, black bears alone account for upwards of 40,000 damage complaints to agencies throughout North America every year.

Trash and Fish Farms

Preventing bear damage goes far beyond rookie stuff like leaving unsecured food out in the open. A black bear’s scent capacity is estimated to be seven times greater than that of a bloodhound.

That means leaving something as simple as a recently used fishing pole in your car will entice unwanted attention from bears. Moreover, things like empty fast food boxes and wrappers offer a nearly irresistible temptation.

Though sometimes even smelling “too fishy” after a day on the water is enough to prompt an attack, according to Long.

She recalled an episode in 2019 where a bear attempted to maul her after she returned from a pleasant day of beach fishing. Long said the prompt response of her dog, which launched a counterattack on the aggressive bear, proved to be enough of a deterrent to allow her to escape.

Long laughed while recalling the incident. “When I saw that bear reaching for me, I thought, ‘here we go.’”

Other locals in Long’s circle have had their own ugly run-ins with local bears.

“One of my best friends and her neighbor had their cars totally destroyed because a bear got in and just tore it apart,” she said.

In addition to cars, garages, mudrooms, and storage sheds, sunrooms are inviting targets for bears due to the prevalence of food storage in deep freezers along with hunting and fishing equipment.

Damage after a bear got inside a car near Haines, Alaska. (Courtesy of Randa Hopper Szymanski)

 

“We’ve learned how to deter them,” Long explained. “You store your crab gear, your longline gear, outside in a shed. Then use plywood with screws sticking out that will injure the bear’s paws if they try to press on the door. It works as a fantastic deterrent.”

Gear storage aside, there’s still a trash problem to address.

Haines local Charlene Jones told The Epoch Times area bears near town have literally been “trained by the trash.”

Jones says that 2022 has been a better year for fish and berries, which allows residents to breathe a little easier.

This year, all she had to do was yell at the bears nosing around her property to make them leave.

Yet even with a more abundant food supply, vigilance must still be maintained. Jones said that, along with her neighbor, “We tame our trash like we’re on a mission from god.”

“Because all the bears taught their bear children to go and eat human trash. It’s a generational thing,” Jones said.

Churchwell agrees that appropriate waste management is critical. “It’s difficult to get people to secure their garbage … and other bear attractants. If we can do that, it goes a long way.”

Though looming in the backdrop of food supply and waste management is the impact of nearby farms on Alaska’s aquatic culture.

Research suggests farmed fish is linked to spawning issues, disease, and smaller subsequent generations. Finfish farming isn’t legal in Alaskan state waters, but only up to three miles offshore. Also, in neighboring Canada, fish farming is a booming industry.

That means fish farms may inadvertently contribute to the lower populations impacting bear behavior.

Read more here…

Tyler Durden
Sat, 10/22/2022 – 22:30

401(k) Contribution Limit Leaps By Record Amount As Inflation Rages

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401(k) Contribution Limit Leaps By Record Amount As Inflation Rages

The IRS on Friday announced that contribution limits for 401(k) plans and Individual Retirement Accounts (IRAs) are rising in 2023 in response to price inflation that’s running at the fastest pace in about 40 years.

The limits are linked to the headline Consumer Price Index, or CPI-U, and September’s reading saw an 8.2% year-over-year increase. 

The boost to the 401(k) maximum is the biggest one ever in both dollar and percentage terms, as retirement investors will be able to contribute $2,000 more in 2023 than they can this year. The limit on so-called “catch-up contributions”– available to those age 50 and over — is rising by $1,000, to $7,500. 

That puts 2023’s annual 401(k) limit at $22,500 for workers under 50, and $30,000 for those 50 and older. The same new maximums apply to participants in 403(b) and most 457 plans, as well as the Thrift Savings Plan for federal government employees.  

IRA investors will be able to put away an extra $500 in 2023, as the limit rises to $6,500. Unlike most other contribution amounts, the IRA “catch-up” for the 50+ crowd isn’t indexed to inflation and will remain at $1,000. 

The income ranges that drive eligibility for deductible contributions to Traditional IRAs and contributions to Roth IRAs are also rising. See the IRS announcement for those and other details. 

Of course, higher limits are only useful to the extent Americans can actually find the extra money to put away — at the same time when rising prices for gasoline, energy and food are hammering their cash flow. 

It’s not as if Americans are even treading water against inflation — they’re already sinking: August saw revolving credit balances soar by 18%, as Americans continue to pay for inflation with credit cards. “Americans are burning up their plastic in order to make ends meet,” writes SchiffGold’s Michael Maharrey.  

Meanwhile, a boost in workplace contribution limits is of limited use when salaries and wages aren’t keeping pace with inflation. In a recent Bankrate survey, only 39% of people who received a raise in the past year or moved to a higher-paying job said the boost had kept up with rising prices. 

Only about 14% of 401(k) contributors maxed out in 2021, the Employee Benefits Research Institute’s Craig Copeland tells Bloomberg: “It’s really the people making $100,000 and especially those making $150,000 or more who save the maximum.”

All that said, if you’re among those with the capacity to put away more money for retirement, it could make a difference down the road.

  • Assuming a 5% return, a 40-year-old who boosts his 401(k) contribution by $2,000 a year ends up with roughly an extra $100,000 at age 65. At an 8% return, it’s an extra $159,000. 
  • For a 50-year old who’s already maxing out and takes advantage of the new limits by increasing 401(k) contributions by $3,000, it yields roughly an extra $67,000 at age 65 at a 5% return, and $87,000 at 8%.  

Of course, we realize the more fatalist readers of these pages will be more inclined to invest in food, brass and lead.

Tyler Durden
Sat, 10/22/2022 – 22:00

Illinois Now Has The Worst Unemployment Rate In The Nation

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Illinois Now Has The Worst Unemployment Rate In The Nation

Authored by Ted Dabrowski and John Klingner via Wirepoints.org,

We’ve warned consistently that Gov. J.B. Pritzker’s inaction on Illinois’ biggest fiscal problems – pensionsproperty taxesunbalanced budgets – would eventually come back to bite the state. Sure, he’s used the near-$200 billion in federal Covid bailout money to cover the state’s financial cracks in the short-term, but the governor can’t hide from the reality of his failures on jobs and growth.

At 4.5 percent in September, no other state has a higher unemployment rate than Illinois, according to the latest U.S. Bureau of Labor Statistics release

Illinoisans have been suffering in one the worst five states for unemployment for several months, but now the state has jumped to the number one position. This is what comes from pursuing policies that drive out companies like Boeing, Citadel, Caterpillar and Tyson.

Gov. Pritzker’s administration is already attempting to spin the data. Below is a quote from today’s press release from IDES:

“Today’s data is a clear indicator that the Illinois labor market continues to remain strong and stable,” said Deputy Governor Andy Manar.

Nothing state officials say can change the fact that Illinois is an extreme laggard both regionally and nationally when it comes to creating jobs.

Nor does it change the fact that Illinoisans are now poised to suffer the most during the next economic downturn. Bloomberg says there’s a 100% probability of a recession within the next 12 months and Illinois’ jobs climate is now the worst-positioned to deal with the impact. 

All of Illinois’ neighboring states are in far better shape. Their unemployment rates are significantly below those in Illinois, most notably in Wisconsin, Indiana, Iowa and Missouri, where unemployment is 1 to 2 percentage points lower.

That difference in jobless rates represent a big difference in Illinoisans’ lives. Catching up with states like Missouri would mean 130,000 residents back at work – equivalent to the entire population of Springfield and then some.

Illinois’ worst-in-nation jobs climate was never preordained. With its central location, abundant resources and hard-working residents, it should be leading the nation in jobs and growth.

Illinoisans should blame the difference on state lawmakers’ many failed policies, from not addressing crime to ignoring the nation’s biggest pension debts to papering over the state’s financial problems to letting public unions dominate state policy to fostering rampant corruption.

Until those policy failures are finally addressed, expect both businesses and Illinoisans to continue to leave for better prospects. Which, as of September, means every other state in the nation.

Tyler Durden
Sat, 10/22/2022 – 21:30

China’s CPC Congress Passes Resolution To Boost Armed Forces, Speed Up ‘Taiwan Reunification’

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China’s CPC Congress Passes Resolution To Boost Armed Forces, Speed Up ‘Taiwan Reunification’

A final Congress resolution issued Saturday by the Communist Party of China spelled out that the national armed forces will continue to be modernized and expanded with an eye toward preventing Taiwan independence.

While praising efforts over the past half-decade of Beijing devoting “great energy to modernizing” its “national defense and armed forces”, the CPC called forresolute steps to oppose ‘Taiwan independence’ and promote reunification, maintain the initiative and the ability to steer in cross-Strait relations, and unswervingly advance the cause of national reunification.”

20th national congress of the Communist Party of China, at the Great Hall of the People in Beijing. Image: EPA-EFE

Importantly, Congress spokesperson Sun Yeli said last week leading into the Saturday resolution that China does not rule out the possibility of using force, but it would only be in response to interference from outside countries. 

We do not promise to renounce the use of force and reserve the possibility of taking all necessary measures against the interference of external forces and the extremely small number of pro-Taiwan independence separatist forces and their separatist activities,” Sun had said says before the opening of the 20th National Congress.

President Xi Jinping, who emerged from the Congress even more powerful, securing a precedent-breaking third term, emphasized China reserves the right to use force in certain scenarios regarding Taiwan

Chinese President Xi Jinping said China reserves the option of “taking all measures necessary” against “interference by outside forces” on the issue of Taiwan.

In a wide-ranging speech Sunday, Xi spoke firmly about China’s resolve for reunification with the self-governed island, which Beijing considers part of its territory...

“We will continue to strive for peaceful reunification with the greatest sincerity and the utmost effort,” Xi said in Chinese, according to an official translation. “But, we will never promise to renounce the use of force. And we reserve the option of taking all measures necessary.”

Consistent with prior statements on the issue, he stressed they key caveat that “This is directed solely at interference by outside forces and a few separatists seeking Taiwan independence.”

With this context being laid out in Xi’s speech, the newly passed resolution reads: “We must enhance the military’s strategic capabilities for defending China’s sovereignty, security, and development interests and see that the people’s armed forces effectively fulfill their missions and tasks in the new era.”

Tyler Durden
Sat, 10/22/2022 – 21:00

17 Out-Of-Place Artifacts That Suggest High-Tech Civilizations Existed Thousands (Or Millions) Of Years Ago

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17 Out-Of-Place Artifacts That Suggest High-Tech Civilizations Existed Thousands (Or Millions) Of Years Ago

Authored by Tara Macisaac via The Epoch Times (emphasis ours),

According to our conventional view of history, humans have only walked the Earth in our present form for some 200,000 years. Much of the mechanical ingenuity we know of in modern times began to develop only a couple hundred years ago, during the Industrial Revolution. However, evidence today alludes to advanced civilizations existing as long as several thousand years ago—or possibly even earlier.

Left: (Brian A Jackson/Shutterstock); Right: (Lasse Jensen/CC BY 2.5)

“Oopart”—or “out-of-place artifact”—is the term given to numerous prehistoric objects found in various places across the world today that show a level of technological sophistication incongruous with our present paradigm.

Many scientists attempt to explain these ooparts away as natural phenomena. Yet others say that such dismissive explanations only whitewash over the mounting evidence: that prehistoric civilizations had advanced knowledge, and this knowledge was lost over the ages only to be developed anew in modern times.

We will look at a variety of ooparts here, ranging from millions to hundreds of years old in purported age, but all supposedly demonstrating advancement well beyond their time.

Whether these are fact or merely fiction we cannot say. We can only offer a glimpse at what’s known, supposed, or hypothesized regarding these phenomena, in the spirit of being open-minded and geared toward real scientific discovery.

17. 2,000-Year-Old Batteries?

Clay jars with asphalt stoppers and iron rods made some 2,000 years ago have been proven capable of generating more than a volt of electricity. These ancient “batteries” were found by German archaeologist Wilhelm Konig in 1938, just outside of Baghdad, Iraq.

Right: An illustration of a Baghdad battery from museum artifact pictures. (Ironie/Wikimedia Commons) Background: Map of area surrounding present-day Baghdad, Iraq. (Cmcderm1/iStock/Thinkstock)

“The batteries have always attracted interest as curios,” Dr. Paul Craddock, a metallurgy expert at the British Museum, told the BBC in 2003. “They are a one-off. As far as we know, nobody else has found anything like these. They are odd things; they are one of life’s enigmas.”

16. Ancient Egyptian Light Bulb?

A relief beneath the Temple of Hathor at Dendera, Egypt, depicts figures standing around a large light-bulb-like object. Erich Von Däniken, who wrote “Chariot of the Gods,” created a model of the bulb which works when connected to a power source, emitting an eerie, purplish light.

The light-bulb-like object engraved in a crypt under the Temple of Hathor in Egypt. (Lasse Jensen/CC BY 2.5)

15. Great Wall of Texas

In 1852, in what is now known as Rockwall County, Texas, farmers digging a well discovered what appeared to be an ancient rock wall. Estimated to be some 200,000 to 400,000 years old, some say it’s a natural formation while others say it’s clearly man-made.

A historic photo of the “wall” found in Rockwall, Texas. (Public Domain)

Dr. John Geissman at the University of Texas in Dallas tested the rocks as part of a History Channel documentary. He found they were all magnetized the same way, suggesting they formed where they are and were not moved to that site from elsewhere. But some remain unconvinced by this single TV-show test and call for further studies.

Geologist James Shelton and Harvard-trained architect John Lindsey have noted elements that seem to be of architectural design, including archways, linteled portals, and square openings that resemble windows.

14. 1.8-Billion-Year-Old Nuclear Reactor?

In 1972, a French factory imported uranium ore from Oklo, in Africa’s Gabon Republic. The uranium had already been extracted. They found the site of origin to have apparently functioned as a large-scale nuclear reactor that came into being 1.8 billion years ago and was in operation for some 500,000 years.

Nuclear reactor site, Oklo, Gabon Republic. (NASA)

Dr. Glenn T. Seaborg, former head of the United States Atomic Energy Commission and Nobel Prize winner for his work in the synthesis of heavy elements, believed it wasn’t a natural phenomenon, and thus must be a man-made nuclear reactor.

For uranium to “burn” in a reaction, very precise conditions are needed. The water must be extremely pure, for one—much purer than exists naturally. The material U-235 is necessary for nuclear fission to occur. It is one of the isotopes found naturally in uranium. Several specialists in reactor engineering have said they believe the uranium in Oklo could not have been rich enough in U-235 for a reaction to take place naturally.

13. Sea-Faring Map Makers Before Antarctica Was Covered in Ice?

A map created by Turkish admiral and cartographer Piri Reis in 1513, but sourced from various earlier maps, is thought by some to depict Antarctica as it was in a very remote age before it was covered with ice.

A portion of the Piri Reis map of 1513. (Public Domain)

A landmass is shown to jut out from the southern coastline of South America. Captain Lorenzo W. Burroughs, a U.S. Air Force captain in the cartographic section, wrote a letter to Dr. Charles Hapgood in 1961 saying that this landmass seems to accurately show Antarctica’s coast as it is under the ice.

Dr. Hapgood (1904–1982) was one of the first to publicly suggest that the Piri Reis map depicts Antarctica during a prehistoric time. He was a Harvard-educated historian whose theories about geological shifts earned the admiration of Albert Einstein. He hypothesized that the land masses shifted, explaining why Antarctica is shown as connected to South America.

Modern studies refute Hapgood’s theory that such a shift could have taken place within thousands of years, but they show it could have happened within millions of years.

12. 2,000-Year-Old Earthquake Detector

In 132 A.D., Zhang Heng created the world’s first seismoscope. How exactly it works remains a mystery, but replicas have worked with a precision comparable to modern instruments.

A replica of an ancient Chinese seismoscope from the Eastern Han Dynasty (25-220 A.D.), and its inventor, Zhang Heng. (Wikimedia Commons)

In 138 A.D., it correctly indicated that an earthquake occurred about 300 miles west of Luoyang, the capital city. No one had felt the quake in Luoyang and dismissed the warning until a messenger arrived days later, requesting aid.

11. 150,000-Year-Old Pipes?

Caves near Mount Baigong in China contain pipes leading to a nearby lake. They were dated by the Beijing Institute of Geology to about 150,000 years ago, according to Brian Dunning of Skeptoid.com.

A file photo of a pipe, and a view of Qinghai Lake in China, near which mysterious iron pipes were found. (NASA; Pipe image via Zhax/Shutterstock)

State-run media Xinhua reported that the pipes were analyzed at a local smeltery and 8 percent of the material could not be identified. Zheng Jiandong, a geology research fellow from the China Earthquake Administration, told state-run newspaper People’s Daily, in 2007, that some of the pipes were found to be highly radioactive.

Jiandong said iron-rich magma may have risen from deep in the Earth, bringing the iron into fissures where it may have solidified into tubes; though he admitted, “There is indeed something mysterious about these pipes.” He cited the radioactivity as an example of the strange qualities of the pipes.

10. Antikythera Mechanism

A mechanism often referred to as an ancient “computer,” which was built by Greeks around 150 B.C., was able to calculate astronomical changes with great precision.

The Antikythera Mechanism is a 2000-year-old mechanical device used to calculate the positions of the sun, moon, planets, and even the dates of the ancient Olympic Games. (Marsyas/CC by SA 3.0)

“If it hadn’t been discovered … no one would possibly believe that it could exist because it’s so sophisticated,” said Mathematician Tony Freeth in a NOVA documentary. Mathias Buttet, director of research and development for watch-maker Hublot, said in a video released by the Hellenic Republic Ministry of Culture and Tourism, “This Antikythera Mechanism includes ingenious features which are not found in modern watch-making.”

9. Drill Bit in Coal

John Buchanan, Esq., presented a mysterious object to a meeting of the Society of Antiquaries of Scotland on Dec. 13, 1852. A drill bit had been found encapsulated in coal about 22 inches thick, buried in a bed of clay mixed with boulders about 7 feet thick.

File image of coal (Kkymek/iStock) File image of a drill (Konstik/iStock; edited by Epoch Times)

The Earth’s coal is said to have formed hundreds of millions of years ago. The Society decided that the instrument was of a modern level of advancement. But it concluded that “the iron instrument might have been part of a borer broken during some former search for coal.”

Buchanan’s detailed report did not include any signs that the coal surrounding the instrument had been punctured by drilling.

8. 2.8-Billion-Year-Old Spheres?

Spheres with fine grooves around them, found in mines in South Africa, have been said by some to be naturally formed masses of mineral matter. Others have said they were precisely shaped by a prehistoric human hand.

Top left, bottom right: Spheres, known as Klerksdorp spheres, found in the pyrophyllite (wonderstone) deposits near Ottosdal, South Africa. (Robert Huggett) Top right, bottom left: Similar objects known as Moqui marbles from the Navajo Sandstone of southeast Utah. (Paul Heinrich)

“The globes, which have a fibrous structure on the inside with a shell around it, are very hard and cannot be scratched, even by steel,” said Roelf Marx, curator of the museum of Klerksdorp, South Africa, according to Michael Cremo’s book, “Forbidden Archaeology: The Hidden History of the Human Race.” Marx said the spheres are about 2.8 billion years old.

If they are mineral masses, it is unclear how exactly they formed.

7. Iron Pillar of Delhi

This pillar is at least 1,500 years old but could be older. It remains rust-free and is of astounding purity. It is 99.72 percent iron, according to professor A.P. Gupta, head of the Department of Applied Sciences and Humanities at the Institute of Technology and Management in India.

An inscription from about 400 A.D. by King Chandragupta II on the Iron Pillar of Delhi. (Venus Upadhayaya/Epoch Times)

In modern times, wrought iron has been made with a purity of 99.8 percent, but it contains manganese and sulfur, two ingredients absent in the pillar.

It was made at least “400 years before the largest known foundry of the world could have produced it,” wrote John Rowlett in “A Study of the Craftsmen of Ancient and Medieval Civilizations to Show the Influence of their Training on our Present Day Method of Trade Education.”

6. Viking Sword Ulfberht

When archaeologists found the Viking sword Ulfberht, dating from 800 to 1000 A.D., they were stunned. They couldn’t see how the technology to make such a sword would have been available until the Industrial Revolution, 800 years later.

An Ulfberht sword displayed at the Germanisches Nationalmuseum, Nuremberg, Germany. (Martin Kraft/CC BY-SA 3.0)

Its carbon content is three times higher than other swords of its time and impurities were removed to such a degree that the iron ore must have been heated to at least 3,000 degrees Fahrenheit.

With great effort and precision, modern blacksmith Richard Furrer of Wisconsin forged a sword of Ulfberht quality using technology that would have been available in the Middle Ages. He said it was the most complicated thing he’d ever made, and he used methods not known to have been used by people of that time.

5. 100-Million-Year-Old Hammer?

A hammer was found in London, Texas, in 1934, encased in stone that had formed around it. The rock surrounding the hammer is said to be more than 100 million years old.

Glen J. Kuban, a vocal skeptic of claims that the hammer was made millions of years ago, said the stone may contain materials that are more than 100 million years old, but that doesn’t mean the rock formed around the hammer so long ago.

He said that some limestone has formed around artifacts known to be from the 20th century, so concretions can form fairly quickly around objects. (Concretions are masses of hardened mineral matter).

Carl Baugh, who was in possession of the artifact, has said the wooden handle has turned to coal (evidence of its great age) and that the metal its made of has a strange composition. Critics have called for independent testing to verify these claims, but so far no such testing has been conducted.

4. Prehistoric Work Site?

Workers at a stone quarry near Aix-en-Provence, France, in the 18th century, came across tools stuck in a layer of limestone 50 feet underground.

The find was recorded in the American Journal of Science and Arts in 1820 by T. D. Porter, who was translating Count Bournon’s work, “Mineralogy.”

A file photo of a limestone rock formation. (Andrew Roland/Shutterstock)

The wooden instruments had turned into agate, a hard stone. Porter wrote: “Everything tended to prove that this work had been executed upon the spot where the traces existed. The presence of man had then preceded the formation of this stone, and that very considerably since he was already arrived at such a degree of civilization that the arts were known to him, and that he wrought the stone and formed columns out of it.”

As stated in the case of the hammer above, limestone has been known to form relatively quickly around modern tools.

3. Million-Year-Old Bridge?

According to ancient Indian legend, King Rama built a bridge between India and Sri Lanka more than a million years ago. What appears to be remnants of such a bridge have been seen from satellite images, but many say its a natural formation.

Read more here…

Tyler Durden
Sat, 10/22/2022 – 20:30