Former Congressman Blows The Whistle On Blackmail And Honeypots In Congress

Senate Panel Holds Fauci In Contempt For Refusing To Answer Questions Anthony Fauci has been held in contempt of Congress by the Homeland Security and Governmental Affairs Committee, after he repeatedly refused to answer lawmakers' questions about funding risky research to genetically manipulate bat coronavirus in Wuhan China, and his role in the ensuing lockdown quagmire that cratered the economy after he was put in charge of leading the COVID-19 response.  In an 8-5 vote brought by Committee Chairman Sen. Rand Paul (R-KY), the contempt vote seeks to refer the case directly to the DOJ for...

Nickel Jumps As Indonesian Output Cut Stokes Supply Fears Nickel prices on the London Metal Exchange surged as much as 2.6% to $19,050 a ton after Shanghai Metals Market said upwards of 15% of high-grade nickel pig iron capacity at Indonesia's Weda Bay Industrial Park will undergo rotational maintenance in the coming months, according to Bloomberg. Indonesia's Weda Bay Industrial Park is one of the most important nickel-processing hubs in the world and serves a large cluster of smelters that produce nickel pig iron, a key input for stainless steel...

UBS Finds Global Trade Structure "Surprisingly Stable" As AI Emerges As Growth Engine Despite ongoing Gulf-related energy shocks, mounting concerns over a potential energy cliff (read here), and UBS last month reactivating its supply chain stress-watch coverage, another UBS analyst noted Wednesday that the overall structure of global trade remains "surprisingly stable." Analyst Arend Kapteyn pointed out that the structure of global trade remains far more structurally stable than recent growth trends suggest, even as technology and AI-related categories have driven nearly 80% of recent trade growth while accounting for only...