Health
The World Health Organization has identified Mpox Clade 1B as the latest global health concern, with cases emerging in Thailand and Sweden. Previously known as monkeypox, this disease has predominantly spread through sexual contact, particularly among men. However, the new variant appears to be more easily transmissible through routine close contact, including prolonged face-to-face interactions. The Centers for Disease Control and Prevention (CDC) has noted that while the disease is not as easily spread as COVID-19, the risk of transmission through respiratory droplets remains. The existing vaccine, developed by the US Biomedical Advanced Research and Development Authority (BARDA) in 2022, may offer some protection, but the situation is evolving as the disease reaches Asia and Europe.
Economy
Federal Reserve Chairman Jerome Powell’s recent speech at Jackson Hole signaled a significant shift in policy. He emphasized the Fed’s readiness to manage both inflation and rising unemployment, indicating that substantial rate cuts are imminent. This change reflects deeper economic concerns, with Powell acknowledging the need for aggressive action, potentially leading to more layoffs.
The meeting provided key insights, including Powell’s announcement that the time has come to cut interest rates, despite a weakening labor market. Revisions revealed that 881,000 previously reported job gains were inaccurate, highlighting labor market fragility. The Fed is expected to implement rate cuts in upcoming meetings.
New research at the conference showed U.S. Treasuries losing appeal, now viewed similarly to those from Germany, France, and Great Britain, amidst the growing national debt. Powell noted the cooling labor market, with job vacancies down and unemployment up, but did not address the surge in job seekers. The dollar index fell to its lowest level following his rate cut commentary, which some view as politically driven.
Powell highlighted progress in reducing inflation, with prices rising 2.5% over the past year, and acknowledged the rising unemployment rate of 4.3%. He reaffirmed that the Fed will adjust its policy based on evolving economic conditions to achieve its goals of price stability and maximum employment.
Geopolitics
Meanwhile, satellite images have revealed hundreds of Russian military facilities within the range of US-provided ATACMS missiles. Ukrainian long-range strikes against these targets are seen as crucial for degrading Russian military capabilities. The Institute for the Study of War (ISW) has assessed that there are at least 250 military and paramilitary objects in Russia within range of these missiles. The redeployment of Russian air assets does not eliminate the utility of using ATACMS against other targets, highlighting the ongoing strategic importance of these strikes.
In the US, a Pennsylvania teacher, Jason Moorehead, has won a wrongful termination lawsuit after being fired for allegedly attending the January 6, 2021, U.S. Capitol riot. Moorehead, who maintained he was over a mile away at the Washington Monument during the riot, was awarded $131,500 by a jury. The Allentown School District had cited his social media comments about the Capitol events as part of their concern. Moorehead’s lawyer argued that his civil rights were violated and that his suspension breached the teachers union collective bargaining agreement. The jury’s decision underscores the importance of First Amendment rights and the potential consequences of wrongful termination.
Martin Armstrong, in an interview with USAWatchdog.com, discussed what he views as the erosion of public confidence due to pervasive lies from the media and government. Armstrong highlighted recent revelations, including the Biden Administration’s overstatement of job additions and various other falsehoods. He also questioned the reported approval ratings of Kamala Harris and criticized these polls as propaganda. Armstrong predicted serious civil unrest regardless of the election outcome and expressed concern about the potential for World War III. He attributed the rising price of gold to fears of a US debt default rather than inflation and emphasized the period of great uncertainty ahead.
Sources
Mpox Clade 1B: The Next Global Health Emergency?
The World Health Organization identified Mpox (monkeypox rebranded) as the latest global health emergency.
Source | Submitted by rhollenb
Powell’s Jackson Hole Performance: A Desperate Sales Pitch or a New Fed Strategy?
Powell actually put on a brilliant performance for what it’s worth.
Source | Submitted by rhollenb
Satellite Images Reveal Over 250 Russian Military Targets Within Range of US ATACMS
ISW assesses that there are at least 250 military and paramilitary objects in Russia within range of…
Source | Submitted by rhollenb
Pennsylvania Teacher Wins $131,500 in Wrongful Termination Suit Over Jan. 6 Allegations
A Pennsylvania teacher who was fired for allegedly attending the U.S. Capitol “insurrection” on January 6, 2021, has won a wrongful termination lawsuit after a two-week trial.
Source | Submitted by AaronMcKeon
Martin Armstrong Predicts Post-Election Chaos and Civil Unrest Regardless of Outcome
“We are looking at serious civil unrest regardless of who wins in November. Neither side is going to accept it.”
Source | Submitted by AaronMcKeon
Fed’s Rate Cut Plans Spark Inflation Fears and Treasury Trust Crisis at Jackson Hole
“Time has come for the central bank to cut interest rates,” adding that the Federal Reserve does not seek nor welcome further cooling in the labor market given the latest downward revision of 881,000 jobs that were reported on paper as jobs gained but never actually existed, which is the biggest revision on record.
Source | Submitted by VTGothic
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