Today is July 3. Below are some of the stories grabbing headlines this morning. I hope you share this briefing as doing so will make you the smartest person in the room.
1.Jeff Bezos blasts Biden for trying to blame gas stations for astronomical prices
DailyMail – Joe Biden has been blasted by Jeff Bezos and China for pleading with gas companies to lower their prices to help inflation-battered American.
The president tweeted Saturday: ‘My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril. Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.’
The tweet came amid the July 4th holiday weekend where Americans are paying an average of $4.822 for gas.
It was criticized by Amazon founder Jeff Bezos, who accused the president of undermining the very capitalist principles on which the US economy is founded.
Bezos said: ‘Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics.’
DML: Even far left idiot Bezos is against this president, but he no doubt voted for him. So Bezos, like all the other idiots who voted for him, should shut up and enjoy the inflation they voted for in 2020.
2.Russia claims capture of pivotal city in eastern Ukraine
(AP) — Russia’s defense minister said Russian forces took control Sunday of the last major Ukrainian-held city in Ukraine’s Luhansk province, bringing Moscow closer to its stated goal of seizing all of Ukraine’s Donbas region.
Defense Minister Sergei Shoigu told President Vladimir Putin that Russia’s troops together with members of a local separatist militia “have established full control over the city of Lysychansk,” a ministry statement said.
Taking Lysychansk constitutes “the liberation of the Luhansk People’s Republic,” one of two separatist regions in Ukraine that Russia recognizes as sovereign, the statement said.
Ukrainian fighters spent weeks trying to defend Lysychansk and to keep it from falling to Russia, as neighboring Sievierodonetsk did a week ago. A presidential adviser predicted late Saturday that the city’s fate could be determined within days.
DML: So much for all that money we sent. Think about how many US schools could have been secured with all that money.
3.Chinese property developer Shimao misses repayment on $1 billion bond
(Reuters) – Chinese developer Shimao Group (0813.HK) has missed the interest and principal payment of a US$1 billion offshore bond due on Sunday in the latest blow to China’s embattled property market.
Shimao was unable to pay a total of US$1.023 billion in principal and interest to creditors of a senior note listed on the Singapore Exchange, the developer said in a Sunday filing on the Hong Kong bourse, citing “market uncertainties over debt refinancing” and “challenging operating and funding conditions.”
With a coupon rate of 4.750%, the bond matured on July 3 this year.
DML: Get ready for this sort of thing to happen in areas all over the world. The collapse of all economies is coming, and you can thank Biden and his dumb ass policies, you can thank China, US, UK, Australia and the media for sensationalizing COVID and treating it like the plague. Lockdowns, supply chains…it’s all catching up to us now. The crash is going to be loud, and hard.
4.Worker disappears after he was accidentally paid more than 300 times his salary
Fox News – A worker in Chile submitted his resignation and could not be found after his job accidentally paid him about 330 times his salary because of a payroll error, according to reports.
The worker, a dispatch assistant at cold meats manufacturer Consorcio Industrial de Alimentos, received a paycheck of 165,398,851 Chilean pesos, or $180,418, for the month of May. He was only supposed to be paid about 500,000 Chilean pesos, or $545.
The worker initially alerted his manager of the massive overpayment, according to local media outlet Diario Financiero. The manager would then report the issue to human resources, who asked the worker to go to his bank and return the extra money. He agreed to go to the bank the next day, but kept the money and ignored communications from his employer over the next few days. The man then offered his resignation through a letter sent to the company by his attorney. The worker has not been heard from since, Diario Financiero reported.
DML: That guy will be at the US border within a week.
5. California starts new sleep law
Vox – In California, a new law went into effect July 1 that will probably make a lot of teenagers happy. It delays school start times, requiring public high schools to start at 8:30 am or later — half an hour later than the US average — while middle schools will start at 8 am or later. The result: Teens get to sleep in more.
This is the first law of its kind in the US.
Sleep loss is such a common problem that the Centers for Disease Control and Prevention (CDC) has declared it a public health epidemic. It can be the result of insomnia, when you can’t fall asleep despite having the chance to do so, or sleep deprivation, when your schedule robs you of the opportunity.
Columbia University researchers say teenagers in particular are in the midst of a “Great Sleep Recession.” The share of American adolescents who get sufficient sleep has plummeted over the years. Adults aren’t doing much better: We need at least seven hours of sleep a night, but only 35 percent of Americans report sleeping between seven and nine hours on average, according to Gallup’s State of Sleep in America 2022 Report.
According to Gallup polling data from 2013, only 11 percent of us were sleeping six hours or less per night in 1942, but that figure had risen to 42 percent by 1990.
Sleep loss is a huge problem because it may increase our risk for diabetes, high blood pressure, heart disease, obesity, and even early death. It can also cause a lot of emotional suffering, from loneliness to anxiety.
DML: There are better ways, but leave it to California to screw it up.