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California is facing a new crisis as a major battery storage facility at the Moss Landing Power Plant caught fire, leading to evacuations in the area. This event comes amid ongoing wildfires in Los Angeles County. The plant, located around 100 miles south of San Francisco, contains thousands of lithium batteries that are difficult to extinguish. Local officials have described the incident as a disaster but do not anticipate the fire spreading beyond the facility. More than 2,000 residents were evacuated due to fears of hazardous materials and potential chemical releases from the fire, which remains under investigation. Past incidents of fires at this facility highlight its crucial role in stabilizing California's power grid. The fire is occurring in the 300-MW Phase I energy storage facility, and satellite imagery indicates ongoing heat signatures. As a precaution, residents in nearby areas are advised to close windows and doors and turn off air systems. Vistra, the company that ow...

The rise in 10-year yields is often attributed to a strong economy, but it overlooks the challenge of high inflation. High yields lead to increased borrowing costs for items like car loans and mortgages. With ongoing inflation from past economic stimulus, the solution might involve more monetary easing to support an economy already facing inflation issues. As Peter Schiff notes, the Federal Reserve seems to have lost control over long-term rates and may have to print money to buy long-term bonds. Currently, the Fed lacks a clear strategy for managing stagnation. In a recent press conference, when asked about dealing with stagflation, Fed Chair Jerome Powell laughed off the idea, claiming that stagnation isn't a concern. However, the situation suggests otherwise, with uncertainty in the markets, especially after Trump's election, contributing to volatility. Inflation, in addition to unreliable economic data like jobs reports, is driving the rise in yields. As Treasury yields and...

This summary reviews major controversies and criticisms surrounding President Joe Biden throughout the year, highlighting perceived failures and blunders in various areas, from immigration to public statements. It provides a month-by-month breakdown of the most significant issues faced by Biden's administration. • January: The Biden administration struggled with illegal immigration, as Texas took measures to secure the border, leading to a lawsuit from the federal government against Texas for its actions. • February: Biden faced scrutiny over classified documents found at his home, which was compounded by a special counsel's report that pointed to his mental state, leading to no prosecution due to his perceived vulnerability as an elderly person with memory issues. • March: Biden failed to acknowledge the murder of Georgia nursing student Laken Riley during the State of the Union address, even confusing her name. Instead, he made controversial remarks about the suspect that det...

Pam Bondi's confirmation hearing for the role of attorney general in the Trump administration has stirred controversy among MAGA supporters, especially regarding the treatment of January 6 defendants. Though Bondi is well-qualified for the position, her comments on pardoning January 6 defendants created mixed feelings. She suggested that those accused of violence against police should be evaluated individually, rather than pardoning all of them as Trump previously promised on his first day in office. While Trump has acknowledged the complexity of pardoning those who were violent, he highlighted the longer sentences that January 6 demonstrators received compared to others charged with similar offenses. Bondi emphasized the importance of reviewing case files before making any judgments, but expressed firm opposition to violence against police. The term “violent” is contentious, as many believe that accusations do not always align with actual actions taken by defendants. The discussio...

A week before the presidential inauguration, Jack Smith released a "Final Report" about the prosecution of Donald Trump and his co-defendants related to the January 6th events. The report is meant to persuade the public of Trump's guilt but, instead, reveals Smith's incompetence and bias. Trump's lawyers, John Lauro and Todd Blanche, vehemently counter the report, highlighting violations of legal norms and the presumption of innocence. • Smith's Overreach: Trump’s attorneys criticize Smith for overstepping by publicly declaring Trump’s guilt before a trial. They emphasize the importance of the presumption of innocence and cite the Justice Manual's prohibition against such declarations by prosecutors. • Concerns About the Transition Act: Smith allegedly ignored the Presidential Transition Act, which prevents DOJ officials from interfering in a president-elect’s preparations for office. • Incitement Allegations: Smith asserts Trump incited a riot on January ...

 By early Tuesday, January 21st, much of the Northern U. S. is expected to experience extreme cold, with temperatures likely dropping to below zero in some areas. The cold wave is set to start over the weekend as air from Canada moves southward, impacting the central states, and eventually spreading toward the East Coast. This cold front will coincide with Inauguration Day, causing temperatures in Washington, D. C. to likely hover around 20 degrees, with a biting wind making it feel colder. Snow may also occur in the Mid-Atlantic region Sunday evening. The Arctic air mass will spread quickly, and colder-than-normal weather that began earlier this month is predicted to become more severe. A significant drop in temperatures is anticipated across the nation, reaching even parts of Texas. A wave of low pressure could form along the Arctic boundary, potentially leading to snow accumulation in the Mid-Atlantic region. By Inauguration Day, temperatures will be notably cold. For instance, ...