"There is a fourth function of money: as a means of social control."
- William Michael Cunningham Economist & Author

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by Tyler Durden 

 

The Wall Street Journal, citing people familiar with the matter, has revealed more details about President Biden's big announcement regarding China tariffs scheduled for next Tuesday. 

Just as Russia had started to bring back some refinery capacity damaged by Ukrainian drone attacks earlier this year, a new wave of drone attacks hit a major refinery owned by Rosneft, for a second time.

Rosneft’s Ryazan refinery southeast of Moscow caught fire after the overnight drone attack, an anonymous Ukrainian military source with knowledge of the situation told Bloomberg News on Wednesday.

Two years ago, sodium-ion battery pioneer Natron Energy was busy preparing its specially formulated sodium batteries for mass production. The company slipped a little past its 2023 kickoff plans, but it didn't fall too far behind as far as mass battery production goes. It officially commenced production of its rapid-charging, long-life lithium-free sodium batteries this week, bringing to market an intriguing new alternative in the energy storage game.

In the IDF flyers dropped in the Gaza Strip this morning, the military warns Palestinians against approaching the borders with Israel or Egypt.

One flyer, addressed to all Gaza Strip residents, announces the expansion of the designated humanitarian zone in the al-Mawasi area.

“In this area the expanded humanitarian aid will continue. The IDF will continue fighting the terror organizations that use you as human shields. Therefore: Gaza City is a dangerous fighting zone; avoid crossing to the north of Wadi Gaza,” it continues.

Authored by Mark Glennon via Wirepoints.org,

At $1.5 million per job, this new incentive package from the state is at least 15 times the norm. For this much money, the state could have just handed out a million bucks to 827 people, instead of creating 550 jobs.

By Mish Shedlock of MishTalk

The lie of the day is from the EPA: Carbon capture will pay for itself (thanks to IRA subsidies). No, it won’t even with subsidies. Expect blackouts and a higher price for electricity.

This week has seen statements and reports indicating the US military constructed humanitarian pier on Gaza's coast is expected to be complete by some point this weekend

by Tyler Durden
 

The green new deal and switch to "alternative' energy looks like it's going exactly as planned: costing the taxpayer trillions of dollars and generally pissing everybody off.