In 2025, "Nearly Every" Somali Household with Children Receives Welfare
The board of the national broadcaster, RÚV, voted on Wednesday not to participate, meaning Iceland will join Spain, Slovenia, the Netherlands and Ireland in neither participating in nor broadcasting the event, which is scheduled to take place in Vienna.
Last week the contest’s organising body, the European Broadcasting Union, declined to expel Israel over its conduct of the war against Hamas in Gaza.
https://www.thetruthseeker.co.uk/?p=319815
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Tom McClellan
@McClellanOsc
I wish to politely disagree with this assertion. Yes, QT was happening, shrinking the Fed’s balance sheet, and yes, the stock market advanced. But the Fed was engaged in QE all the while, just under a different format.
While QE4 was still underway, the Fed began compiling over $1.5 trillion of Reverse Repurchase (RRP) agreements with member banks, effectively loaning the banks Treasuries in exchange for tying up the banks’ other reserves which shrank overall liquidity. The Fed continued the rise in RRPs after QE4 ended, which was part of why 2022 was such a bad year for the stock market. In other words they still had a foot on the brakes (RRPs), but they also took a foot off the gas (ending QE).
RRPs got as high as $2.5 trillion at the end of 2022, and have been coming down since then. The unwinding of RRPs frees up the member banks’ reserves to go back to contributing to overall system liquidity, which has helped to boost the stock market (except during the March-April 2025 tariff crash).
RRPs are now down to effectively zero, so that well of secret QE is now run dry. But the Fed has started doing regular Overnight Repos, which have the effect of adding temporary QE into the system.
The mid-November selloff in the stock market after the government reopening triggered a brief wave of repo activity, reaching as high as $26B on Dec. 1, which helped to rebound the stock market out of the Nov. 20 low and brought all of the discussions we were having here on X about a Zweig Breadth Thrust thanks to all of that liquidity going to work. But the Fed unwound those quickly, and Overnight Repos are back down to zero, which is why the thrust stalled out.
In summary, QE as strictly defined may not have been happening, but Fed stimulus can be hidden in many forms, and is still a big driver of what the market does.
https://citizenwatchreport.com/the-fed-said-qt-the-market-got-secret-qe-and-2-5-trillion-moved-behind-the-curtain-us-m2-money-supply-speaks-clearly-to-that/
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A powerful earthquake has rocked the Italian city of Naples and the surrounding region, sending people fleeing into the streets.
Local residents reported hearing a 'roar' and feeling a 'strong tremor' as the 4.6-magnitude quake hit.
The epicentre of the earthquake was just off the coast of the highly active Phlegraean Fields, a volcanic caldera west of the city, at a depth of 1.5 miles. (BAD SIGN. CAMPI FLIGREE VOLCANO IS IMMINENT AND COULD CAUSE ANOTHER 1816 STYLE YEAR WITHOUT A SUMMER.)
https://www.msn.com/en-ie/news/world/earthquake-hits-naples-with-terrifying-roar-then-strong-tremor/ar-AA1IPYBc?cvid=5C0791E836C14A6485E45AFAAA3F4BFC