Russian Firm Offers $71,000 Cash Bounty For Destruction Or Capture Of Western Tanks

Russian Firm Offers $71,000 Cash Bounty For Destruction Or Capture Of Western Tanks

Within days of the US and Germany approving heavy main battle tanks for Ukraine, including future deliveries of the advanced Abrams M1 and Leopard tanks, one Russian company has issued a bounty for their destruction. 

“A Russian company has offered a cash bounty of up to 5 million rubles ($71,648) for the destruction or capture of Western-made tanks recently promised to Ukraine by its European and American allies,” according to regional media reports.

Via AFP

Apparently the race will be on for Russian troops (or mercenaries, in the case of Wagner Group) to be the “first” – given the Yekaterinburg-based company Fores stipulated the $70,000+ reward for whoever destroys or captures the initial western tank, with a pay out of 500,000 rubles ($7,164) for each subsequent tank.

Fores said it is motivated by a patriotic desire to support the national army: 

“The decision to transfer western tanks to Kyiv indicates that NATO is no longer supplying Ukraine with defensive weapons only and means that we need to consolidate and support our army,” Fores said in a statement.

It comes after the Kremlin said that tanks provided by Washington will “burn” – and that ultimately they will make no different for Ukraine’s chances on the battlefield.

“I am certain that many experts understand the absurdity of this idea. The plan is disastrous in terms of technology,” Putin spokesman Dmitry Peskov said last Wednesday. “But above all, it overestimates the potential it will add to the Ukrainian army. These tanks burn just like all the others.”

Given that already the Ukrainian government is claiming to be involved in ‘fast-track’ talks with Western backers to receive fighter jets like the US F-16, we wonder how big a ‘bounty’ Russian companies will offer for airplanes.

Tyler Durden
Tue, 01/31/2023 – 02:45

via ZeroHedge News https://ift.tt/i5vxWra Tyler Durden

Hedges: Ukraine, The War That Went Wrong

Hedges: Ukraine, The War That Went Wrong

Authored by Chris Hedges via The Chris Hedges Report Substack,

NATO support for the war in Ukraine, designed to degrade the Russian military and drive Vladimir Putin from power, is not going according to plan. The new sophisticated military hardware won’t help…

Empires in terminal decline leap from one military fiasco to the next. The war in Ukraine, another bungled attempt to reassert U.S. global hegemony, fits this pattern. The danger is that the more dire things look, the more the U.S. will escalate the conflict, potentially provoking open confrontation with Russia. If Russia carries out retaliatory attacks on supply and training bases in neighboring NATO countries, or uses tactical nuclear weapons, NATO will almost certainly respond by attacking Russian forces. We will have ignited World War III, which could result in a nuclear holocaust.

U.S. military support for Ukraine began with the basics — ammunition and assault weapons. The Biden administration, however, soon crossed several self-imposed red lines to provide a tidal wave of lethal war machinery: Stinger anti-aircraft systems; Javelin anti-armor systems; M777 towed Howitzers; 122mm GRAD rockets; M142 multiple rocket launchers, or HIMARS; Tube-Launched, Optically-Tracked, Wire-Guided (TOW) missiles; Patriot air defense batteries; National Advanced Surface-to-Air Missile Systems (NASAMS); M113 Armored Personnel Carriers; and now 31 M1 Abrams, as part of a new $400 million package. These tanks will be supplemented by 14 German Leopard 2A6 tanks, 14 British Challenger 2 tanks, as well as tanks from other NATO members, including Poland. Next on the list are armor-piercing depleted uranium (DU) ammunition and F-15 and F-16 fighter jets.

Since Russia invaded on February 24, 2022, Congress has approved more than $113 billion in aid to Ukraine and allied nations supporting the war in Ukraine. Three-fifths of this aid, $67 billion, has been allocated for military expenditures. There are 28 countries transferring weapons to Ukraine. All of them, with the exception of Australia, Canada and the U.S., are in Europe. 

The rapid upgrade of sophisticated military hardware and aid provided to Ukraine is not a good sign for the NATO alliance. It takes many months, if not years, of training to operate and coordinate these weapons systems. Tank battles — I was in the last major tank battle outside Kuwait City during the first Gulf war as a reporter — are highly choreographed and complex operations. Armor must work in close concert with air power, warships, infantry and artillery batteries. It will be many, many months, if not years, before Ukrainian forces receive adequate training to operate this equipment and coordinate the diverse components of a modern battlefield. Indeed, the U.S. never succeeded in training the Iraqi and Afghan armies in combined arms maneuver warfare, despite two decades of occupation.

I was with Marine Corps units in February 1991 that pushed Iraqi forces out of the Saudi Arabian town of Khafji. Supplied with superior military equipment, the Saudi soldiers that held Khafji offered ineffectual resistance. As we entered the city, we saw Saudi troops in commandeered fire trucks, hightailing it south to escape the fighting. All the fancy military hardware, which the Saudis had purchased from the U.S., proved worthless because they did not know how to use it.

NATO military commanders understand that the infusion of these weapons systems into the war will not alter what is, at best, a stalemate, defined largely by artillery duels over hundreds of miles of front lines. The purchase of these weapons systems — one M1 Abrams tank costs $10 million when training and sustainment are included — increases the profits of the arms manufacturers. The use of these weapons in Ukraine allows them to be tested in battlefield conditions, making the war a laboratory for weapons manufacturers such as Lockheed Martin. All this is useful to NATO and to the arms industry. But it is not very useful to Ukraine.

The other problem with advanced weapons systems such as the M1 Abrams, which have 1,500-horsepower turbine engines that run on jet fuel, is that they are temperamental and require highly skilled and near constant maintenance. They are not forgiving to those operating them who make mistakes; indeed, mistakes can be lethal. The most optimistic scenario for deploying M1-Abrams tanks in Ukraine is six to eight months, more likely longer. If Russia launches a major offensive in the spring, as expected, the M1 Abrams will not be part of the Ukrainian arsenal. Even when they do arrive, they will not significantly alter the balance of power, especially if the Russians are able to turn the tanks, manned by inexperienced crews, into charred hulks.

So why all this infusion of high-tech weaponry? We can sum it up in one word: panic.

Having declared a de facto war on Russia and openly calling for the removal of Vladimir Putin, the neoconservative pimps of war watch with dread as Ukraine is being pummeled by a relentless Russian war of attrition. Ukraine has suffered nearly 18,000 civilian casualties (6,919 killed and 11,075 injured). It has also seen  around 8 percent of its total housing destroyed or damaged and 50 percent of its energy infrastructure directly impacted with frequent power cuts. Ukraine requires at least $3 billion a month in outside support to keep its economy afloat, the International Monetary Fund’s managing director recently said. Nearly 14 million Ukrainians have been displaced — 8 million in Europe and 6 million internally — and up to 18 million people, or 40 percent of Ukraine’s population, will soon require humanitarian assistance. Ukraine’s economy contracted by 35 percent in 2022, and 60 percent of Ukrainians are now poised to live on less than $5.5 a day, according to World Bank estimates. Nine million Ukrainians are without electricity and water in sub-zero temperatures, the Ukrainian president says. According to estimates from the U.S. Joint Chiefs of Staff, 100,000 Ukrainian and 100,000 Russian soldiers have been killed in the war as of last November.  

“My feeling is we are at a crucial moment in the conflict when the momentum could shift in favor of Russia if we don’t act decisively and quickly,” former U.S. Senator Rob Portman was quoted as saying at the World Economic Forum in a post by The Atlantic Council. “A surge is needed.”

Turning logic on its head, the shills for war argue that “the greatest nuclear threat we face is a Russian victory.” The cavalier attitude to a potential nuclear confrontation with Russia by the cheerleaders for the war in Ukraine is very, very frightening, especially given the fiascos they oversaw for twenty years in the Middle East.

The near hysterical calls to support Ukraine as a bulwark of liberty and democracy by the mandarins in Washington are a response to the palpable rot and decline of the U.S. empire. America’s global authority has been decimated by well-publicized war crimes, torture, economic decline, social disintegration — including the assault on the capital on January 6, the botched response to the pandemic, declining life expectancies and the plague of mass shootings — and a series of military debacles from Vietnam to Afghanistan. The coups, political assassinations, election fraud, black propaganda, blackmail, kidnapping, brutal counter-insurgency campaigns, U.S. sanctioned massacres, torture in global black sites, proxy wars and military interventions carried out by the United States around the globe since the end of World War II have never resulted in the establishment of a democratic government. Instead, these interventions have led to over 20 million killed and spawned a global revulsion for U.S. imperialism. 

In desperation, the empire pumps ever greater sums into its war machine. The most recent $1.7 trillion spending bill included $847 billion for the military;  the total is boosted to $858 billion when factoring in accounts that don’t fall under the Armed Services committees’ jurisdiction, such as the Department of Energy, which oversees nuclear weapons maintenance and the infrastructure that develops them. In 2021, when the U.S. had a military budget of $801 billion, it constituted nearly 40 percent of all global military expenditures, more than the next nine countries, including Russia and China, spent on their militaries combined.

As Edward Gibbon observed about the Roman Empire’s own fatal lust for endless war: “[T]he decline of Rome was the natural and inevitable effect of immoderate greatness. Prosperity ripened the principle of decay; the cause of the destruction multiplied with the extent of conquest; and, as soon as time or accident had removed the artificial supports, the stupendous fabric yielded to the pressure of its own weight. The story of the ruin is simple and obvious; and instead of inquiring why the Roman Empire was destroyed, we should rather be surprised that it had subsisted for so long.”

A state of permanent war creates complex bureaucracies, sustained by compliant politicians, journalists, scientists, technocrats and academics, who obsequiously serve the war machine. This militarism needs mortal enemies — the latest are Russia and China — even when those demonized have no intention or capability, as was the case with Iraq, of harming the U.S. We are hostage to these incestuous institutional structures. 

Earlier this month, the House and Senate Armed Services Committees, for example, appointed eight commissioners to review Biden’s National Defense Strategy (NDS) to “examine the assumptions, objectives, defense investments, force posture and structure, operational concepts, and military risks of the NDS.” The commission, as Eli Clifton writes at the Quincy Institute for Responsible Statecraft, is “largely comprised of individuals with financial ties to the weapons industry and U.S. government contractors, raising questions about whether the commission will take a critical eye to contractors who receive $400 billion of the $858 billion FY2023 defense budget.” The chair of the commission, Clifton notes, is former Rep. Jane Harman (D-CA), who “sits on the board of Iridium Communications, a satellite communications firm that was awarded a seven-year $738.5 million contract with the Department of Defense in 2019.”

Reports about Russian interference in the elections and Russia bots manipulating public opinion — which Matt Taibbi’s recent reporting on the “Twitter Files” exposes as an elaborate piece of black propaganda — was uncritically amplified by the press. It seduced Democrats and their liberal supporters into seeing Russia as a mortal enemy. The near universal support for a prolonged war with Ukraine would not be possible without this con.

America’s two ruling parties depend on campaign funds from the war industry and are pressured by weapons manufacturers in their state or districts, who employ constituents, to pass gargantuan military budgets. Politicians are acutely aware that to challenge the permanent war economy is to be attacked as unpatriotic and is usually an act of political suicide. 

“The soul that is enslaved to war cries out for deliverance,” writes Simone Weil in her essay “The Iliad or the Poem of Force”, “but deliverance itself appears to it an extreme and tragic aspect, the aspect of destruction.”

Historians refer to the quixotic attempt by empires in decline to regain a lost hegemony through military adventurism as “micro-militarism.” During the Peloponnesian War (431–404 B.C.) the Athenians invaded Sicily, losing 200 ships and thousands of soldiers. The defeat ignited a series of successful revolts throughout the Athenian empire. The Roman Empire, which at its height lasted for two centuries, became captive to its one military man army that, similar to the U.S. war industry, was a state within a state. Rome’s once mighty legions in the late stage of empire suffered defeat after defeat while extracting ever more resources from a crumbling and impoverished state. In the end, the elite Praetorian Guard auctioned off the emperorship to the highest bidder. The  British Empire, already decimated by the suicidal military folly of World War I, breathed its last gasp in 1956 when it attacked Egypt in a dispute over the nationalization of the Suez Canal. Britain withdrew in humiliation and became an appendage of the United States. A decade-long war in Afghanistan sealed the fate of a decrepit Soviet Union.

“While rising empires are often judicious, even rational in their application of armed force for conquest and control of overseas dominions, fading empires are inclined to ill-considered displays of power, dreaming of bold military masterstrokes that would somehow recoup lost prestige and power,” historian Alfred W. McCoy writes in his book, “In the Shadows of the American Century: The Rise and Decline of US Global Power.” “Often irrational even from an imperial point of view, these micro-military operations can yield hemorrhaging expenditures or humiliating defeats that only accelerate the process already under way.” 

The plan to reshape Europe and the global balance of power by degrading Russia is turning out to resemble the failed plan to reshape the Middle East. It is fueling a global food crisis and devastating Europe with near double-digit inflation. It is exposing the impotency, once again, of the United States, and the bankruptcy of its ruling oligarchs. As a counterweight to the United States, nations such as China, Russia, India, Brazil and Iran are severing themselves from the tyranny of the dollar as the world’s reserve currency, a move that will trigger economic and social catastrophe in the United States. Washington is giving Ukraine ever more sophisticated weapons systems and billions upon billions in aid in a futile bid to save Ukraine but, more importantly, to save itself.

*  *  *

The Chris Hedges Report is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Tyler Durden
Tue, 01/31/2023 – 02:00

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The Top Google Searches Related To Investing In 2022

The Top Google Searches Related To Investing In 2022

It was a turbulent year for the markets in 2022, with geopolitical conflict, rising prices, and the labor market playing key roles. Which stories captured investors’ attention the most? 

As Visual Capitalist’s Jenna Ross notes, this infographic from New York Life Investments outlines the top Google searches related to investing in 2022, and offers a closer look at some of the trends.

Top Google Searches: Year in Review

We picked some of the top economic and investing stories that saw peak search interest in the U.S. each month, according to Google Trends.

Data based on exact searches in the U.S. from December 26, 2021 to December 18, 2022.

Let’s look at each quarter in more detail, to see how these top Google searches were related to activity in the economy and investors’ portfolios.

Q1 2022

The start of the year was marked by U.S. workers quitting their jobs in record numbers, and the effects of the Russia-Ukraine war. For instance, the price of crude oil skyrocketed after the war caused supply uncertainties. Early March’s peak of $125 per barrel was a 13-year high.

While crude oil lost nearly all its gains by year-end, the energy sector in general performed well. In fact, the S&P 500 Energy Index gained 57% over the year compared to the S&P 500’s 19% loss.

Q2 2022

The second quarter of 2022 saw abnormal house price growth, renewed interest in value investing, and a bitcoin crash. In particular, value investing performed much better than growth investing over the course of the year.

Value stocks have typically outperformed during periods of rising rates, and 2022 was no exception.

Q3 2022

The third quarter was defined by worries about a recession and inflation, along with interest in the rising U.S. dollar. In fact, the U.S. dollar gained against nearly every major currency.

Higher interest rates made the U.S. dollar more attractive to investors, since it meant they would get a higher return on their fixed income investments.

Q4 2022

The end of the year was dominated by OPEC cutting oil production, high layoffs in the tech sector, and curiosity about the future of interest rates. The Federal Reserve’s December 2022 economic projections offer clues about the trajectory of the policy rate.

The Federal Reserve expects interest rates to peak in 2023, with rates to remain elevated above pre-pandemic levels for the foreseeable future.

The Top Google Searches to Come

After a year of volatility across asset classes, economic uncertainty remains. Which themes will become investors’ top Google searches in 2023?

Tyler Durden
Mon, 01/30/2023 – 22:40

via ZeroHedge News https://ift.tt/ZT6FgQD Tyler Durden

Top Lawmaker Responds To General’s Memo On 2025 War With China: “I Think He’s Right”

Top Lawmaker Responds To General’s Memo On 2025 War With China: “I Think He’s Right”

Authored by Jack Phillips via The Epoch Times (emphasis ours),

Rep. Michael McCaul (R-Texas) said that he believes a prediction made by four-star Air Force Gen. Mike Minihan that the United States will go to war with China in 2025 is correct.

The aircraft carrier USS Carl Vinson participates in a group sail during the Rim of the Pacific exercise off the coast of Hawaii, July 26, 2018. (Petty Officer 1st Class Arthurgwain L. Marquez/U.S. Navy via AP)

A memo issued by the general, according to NBC News, said that “I hope I am wrong .. my gut tells me we will fight in 2025″ about the potential conflict. He added that the Chinese Communist Party (CCP) will be looking closely at Taiwan’s 2024 presidential election that might prompt leader Xi Jinping to escalate military aggression against the region.

Xi secured his third term [as CCP general secretary] and set his war council in October 2022. Taiwan’s presidential elections are in 2024 and will offer Xi a reason,” Minihan wrote. The 2024 U.S. presidential elections would also create a “distracted America” that could benefit the Chinese regime, he said.

Xi’s team, reason, and opportunity are all aligned for 2025,” the general reportedly said. Copies of his memo circulated online over the weekend, and The Epoch Times has contacted the Air Force for comment.

On Sunday, McCaul, the head of the House Foreign Affairs Committee, told Fox News that he believes the general’s prediction is accurate. “I hope he’s wrong,” McCaul told “Fox News Sunday.” “I think he’s right though, unfortunately.”

McCaul said that the CCP wants to take control over Taiwan, which he suggested could take place via influencing the island nation’s elections early next year. Adding further, he claimed that the current administration is “projecting weakness” that will create an avenue for the CCP to take military action.

“But if they don’t win in that one they are going to look at a military invasion, in my judgment,” he said. “We have to be prepared for this.”

House Foreign Affairs Committee ranking member Rep. Mike McCaul (R-Texas) questions U.S. Secretary of State Antony Blinken during a hearing in the Rayburn House Office Building on Capitol Hill in Washington on April 28, 2022. (Chip Somodevilla/Getty Images)

However, a top Democrat on the House Armed Services Committee disagreed with both McCaul and Minihan’s assessment about a potential war with China in the near term.

“I want to be completely clear. It’s not only not inevitable, it’s highly unlikely,” Rep. Adam Smith (D-Wash.) told Fox News on Sunday, noting that “anything is possible” and that “generals should be cautious.”

Response

Writing in response to the memo, retired U.S. Navy Adm. James Stavridis, former Supreme Allied Commander for the North Atlantic Treaty Organization, wrote on Twitter that he doesn’t believe a war with China will happen soon.

“The job of the military is always to be ready to fight, but in my view, odds of a war with China are decreasing not increasing at the moment. The reason? President Xi is watching the Russian debacle in Ukraine and will likely be more cautious as a result,” he wrote.

A spokesperson for the Air Mobility Command, which Minihan commands, told news outlets on Jan. 27 that the memo about a war with China is real.

“This is an authentic internal memo from General Minihan addressed to his subordinate command teams. His order builds on last year’s foundational efforts by Air Mobility Command to ready the Mobility Air Forces for future conflict, should deterrence fail,” the spokesperson said.

Read more here…

Tyler Durden
Mon, 01/30/2023 – 22:20

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Biden To End COVID-19 Emergency Declarations On May 11, Also Ends Title 42 Policy At Border

Biden To End COVID-19 Emergency Declarations On May 11, Also Ends Title 42 Policy At Border

By Mimi Nguyen Ly, of Epoch Times

The Biden administration has informed Congress it plans to end national COVID-19 emergency declarations on May 11.

The move would shift the U.S. government’s response for managing COVID-19 back to the normal authorities given to federal agencies, with the virus to be considered as endemic.

The COVID-19 pandemic was declared a national emergency at the start of the outbreak by then-President Donald Trump on March 13, 2020. President Joe Biden has repeatedly extended the emergency declarations since.

The White House noted on Monday that the COVID-19 national emergency and the public health emergency (PHE) are currently set to expire on March 1 and April 11.

“At present, the Administration’s plan is to extend the emergency declarations to May 11, and then end both emergencies on that date,” the Office of Management and Budget (OMB) stated in an administration policy statement (pdf).

“This wind-down would align with the Administration’s previous commitments to give at least 60 days’ notice prior to termination of the PHE.”

“To be clear, continuation of these emergency declarations until May 11 does not impose any restriction at all on individual conduct with regard to COVID-19,” the administration policy statement reads. “They do not impose mask mandates or vaccine mandates. They do not restrict school or business operations. They do not require the use of any medicines or tests in response to cases of COVID-19.”

Under the PHE declaration, the federal government has been funding COVID-19 vaccines, as well as some tests and treatments. When this ends, the costs will be transferred to private insurance and government health plans.

Costs of COVID-19 vaccines are expected to surge once the federal government stops buying them. Pfizer has said it will charge about $110–$130 per dose.

Meanwhile, the $1.7 trillion omnibus bill passed by Congress and signed into law by Biden in 2022 contains a provision that will eliminate Medicaid coverage protection from PHE, meaning that states can start removing people who do not meet Medicaid criteria beginning on April 1.

The OMB in a separate administration policy statement on Monday (pdf) said it opposed H.R. 497, a measure to eliminate COVID-19 vaccine mandates for health care providers under certain federal health care programs. It said that Biden would veto the bill if Congress were to pass it.

Calls to End Emergency Powers

The statement of administration comes amid increasing calls from congressional lawmakers and lawmakers across the country to end the COVID-19 emergency powers. The administration policy statement itself was to signal opposition to two Republican-backed measures, H.R. 382 and H.J. Res. 7, seeking to immediately end the emergencies.

Lawmakers in Congress have refused the Biden administration’s request for billions more dollars to continue funding COVID-19 vaccines and testing.

Back in December 2022, about two-dozen Republican governors had called on the Biden administration to end (pdf) the COVID-19 emergency, because it places undue financial strain on the tax payer due to its expansion of Medicaid coverage.

In pushing against the Republican bill and joint resolution, the Biden administration argued on Monday that ending the emergency declarations suddenly “would have two highly significant impacts on our nation’s health system and government operations.” This includes disrupting the health care system and creating circumstances conducive to an influx of migrants in to the country from the southern border, it said.

The end of the PHE will also end the Title 42 policy at the border. The Biden administration said that while it has tried to terminate the policy, it currently remains in place due to court orders. Ending the PHE would “lift Title 42 immediately, and result in a substantial additional inflow of migrants at the Southwest border,” the Biden administration said.

Continue reading at Epoch Times

Tyler Durden
Mon, 01/30/2023 – 22:00

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IRS Says Millions Of Americans Don’t Realize They’re Eligible For Tax Credit

IRS Says Millions Of Americans Don’t Realize They’re Eligible For Tax Credit

Authored by Tom Ozimek via The Epoch Times (emphasis ours),

The IRS has issued a reminder that millions of Americans are eligible for a tax credit that last year averaged more than $2,000, but 20 percent of those entitled to the money don’t claim it.

“This is an extremely important tax credit that helps millions of hard-working people every year,” IRS Acting Commissioner Doug O’Donnell said in a Jan. 27 statement. “But each year, many people miss out on the credit because they don’t know about it or don’t realize they’re eligible.”

The IRS building in Washington on Feb. 19, 2014. (Jim Watson/AFP/Getty Images)

The Earned Income Tax Credit (EITC) was first approved by Congress in 1975, in part to offset the burden of Social Security taxes and to provide an employment incentive.

The tax credit is administered by the IRS, which stated that in 2022, roughly 31 million eligible Americans received about $64 billion in EITC payments. The tax credit amounted to more than $2,000 per eligible person on average.

The IRS estimates that about 20 percent of eligible taxpayers don’t claim the EITC. People particularly prone to overlooking the tax credit include those living in nontraditional homes (such as a grandparent raising a grandchild), those whose earnings declined or whose marital or parental status changed, people living in rural areas, veterans, the self-employed, and those with earnings below the tax return filing requirement.

“In particular, people who have experienced a major life change in the past year—in their job, marital status, a new child or other factors—may qualify for the first time,” O’Donnell said. “The IRS urges people to carefully … review this important credit; we don’t want people to miss out.”

EITC Eligibility

The EITC is considered a tax credit for lower-income filers, although there are a number of variations of income, filing status, and the number of dependents that have an impact on eligibility.

The EITC is for workers whose income didn’t exceed the following limits in 2022:

  • $53,057 ($59,187 if married filing jointly) with three or more qualifying children who have valid Social Security numbers (SSNs).
  • $49,399 ($55,529 if married filing jointly) with two qualifying children who have valid SSNs.
  • $43,492 ($49,622 if married filing jointly) with one qualifying child who has a valid SSN.
  • $16,480 ($22,610 if married filing jointly) with no qualifying children who have valid SSNs.
  • Investment income must be $10,300 or less.

Taxpayers who meet the income requirements and have qualifying children can receive a maximum of $6,935.

For taxpayers with no dependents, the maximum EITC is $560.

Married but separated spouses who don’t file a joint tax return may also be eligible if they meet certain qualifications.

In order to qualify, people who don’t earn enough to be obligated to file a tax return must file one in order to claim the credit.

In order to navigate EITC eligibility, the IRS has a tool called the EITC Assistant that people can use to check if they qualify and how much they can expect to receive.

Other Updates

The IRS recently cautioned that many taxpayers should expect a smaller refund this tax season because of tax law changes. This includes the expiration of pandemic-related stimulus payments and changes to the Child Tax Credit (CTC) that would otherwise have boosted refund balances.

Read more here…

Tyler Durden
Mon, 01/30/2023 – 21:40

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Australian Health Authorities Call For More COVID Boosters… But The Public Says No

Australian Health Authorities Call For More COVID Boosters… But The Public Says No

Australia and New Zealand suffered some of the worst pandemic mandate conditions of any country in the western world, crossing the line into totalitarianism on a number of occasions.  Australian authorities restricted residents of larger cities to near house arrest, with people not being allowed to go more than 3 miles from their homes.  Citizens were given curfew hours between 9pm and 5am.   They were banned from public parks and beaches without a mask, even though it is nearly impossible to transmit a virus outdoors and UV light from the sun acts as a natural disinfectant. 

In the worst examples, Australian citizens received visits from police and government officials for posting critical opinions about the mandates on social media.  Some were even arrested for calling for protests against the lockdowns. In Australia and New Zealand, covid camps were built to detain people infected with covid.  Some facilities were meant for those who had recently traveled, others were meant for anyone who stepped out of line.

As the fears over covid wane and the populace realizes that the true Infection Fatality Rate of the virus is incredibly small, restrictions are being abandoned and things seems to be going back to normal.  It’s important, however, to never forget what happened and how many countries faced potentially permanent authoritarianism under the shadow of vaccine passports.  If the passports rules had been successfully enforced, we would be living in a very different world today in the west.

Luckily, the passports were never implemented widely.  Australian health authorities are once again calling for the public to take a fourth covid booster shot, but with very little response.  Only 40% of citizens took the third booster, and new polling data shows that 30% are taking the fourth booster. 

With an astonishing rise in excess deaths by heart failure in Australia coinciding exactly with the introduction of the covid mRNA vaccines, perhaps people are deciding to finally er on the side of caution.  Why take the risk of an experimental vaccine over a virus that 99.8% of the population will easily survive? 

Tyler Durden
Mon, 01/30/2023 – 21:20

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Rep. Maxine Waters Calls GOP House Members “Domestic Terrorists”

Rep. Maxine Waters Calls GOP House Members “Domestic Terrorists”

Authored by Naveen Anthrapully via The Epoch Times,

Rep. Maxine Waters (D-Calif.) has characterized Republican lawmakers as “domestic terrorists” and “extremists,” insisting that she hopes people won’t continue to elect them, a statement that attracted criticism from Rep. Lauren Boebert (R-Colo.).

Waters was asked about the prospect of police reform in Congress during an interview for “Ayman” on MSNBC on Saturday.

She called GOP members of Congress the “Marjorie Taylor Greene Republican caucus” and insisted that she doesn’t expect any police reform on the federal level.

“We have these right-wing conservatives who are, you know… we have domestic terrorists in the House of Representatives. These people are extremists,” she said.

“So I am not optimistic that that is the way that it is going to happen until the people of this country really decide that they do not want it, and they are not going to elect people who act in the fashion that they act.”

In March of last year, Waters was one of three Democrats who sent a letter to the Government Accountability Office asking for a review of how “domestic violent extremists” and “homegrown violent extremists” fund their activities.

Boebert criticized Waters for her comments.

“Maxine Waters says that we have House Republicans who are domestic terrorists,” Boebert posted on Twitter on Monday. “Interesting, as I don’t remember anyone in the House who has called for more violence than Maxine Waters.”

In April 2021, Waters told protesters to “get more confrontational” and “make sure that they know that we mean business” if the officer accused of killing of George Floyd in 2020 was acquitted.

Constructing a Threat of Domestic Terrorism

Since Jan. 6, 2021, domestic terrorism has been pushed by the mainstream media as a widespread threat facing the United States.

In September, Rep. Jim Jordan (R-Ohio) revealed information from an FBI whistleblower who alleged that the FBI was “manipulating” case files related to the Jan. 6 Capitol breach to make it seem like America has a bigger domestic terrorism problem than it actually does.

“The manipulative casefile practice creates false and misleading crime statistics,” the whistleblower alleged, according to Jordan.

“Instead of hundreds of investigations stemming from a single, black swan incident at the Capitol, FBI and DOJ officials point to significant increases in domestic violent extremism and terrorism around the United States.”

According to the whistleblower, a Washington task force identifies “potential subjects” related to the Jan. 6 case and possible locations where they might reside. The task force then sends “information packets” to several local field offices around the country, asking them to open investigations.

As a result, even though the multiple field offices are only investigating a single incident, it creates the illusion that these threats are present in jurisdictions across the nation, Jordan said.

In testimony to the House Judiciary Committee in July, Assistant Attorney General Matt Olsen admitted that the rising domestic terrorism cases over the previous two years can mostly be traced to a single incident—the Jan. 6 breach.

“That number does include the Jan. 6 cases, and there, of course, we have over 800 arrests of individuals—not all of them are characterized as domestic violent extremists, to be clear, but many are,” Olsen said. “Those do account for at least a significant portion of that jump over the past two years in the number of investigations.”

Left-Wing Domestic Terrorism Push

In March 2022, House Judiciary Committee Chairman Jerrold Nadler (D-N.Y.) touted the Domestic Terrorism Prevention Act of 2021 as necessary to combat “white supremacists.”

The push to link conservatism with domestic terrorism is penetrating schools as well. In September 2021, the National School Boards Association (NSBA) wrote a letter to the Department of Justice calling for an investigation into parents under domestic terrorism laws.

The parents had attended school board meetings to object to school policies like COVID-19 restrictions and the teaching of critical race theory, which the NSBA equated with “domestic terrorism.”

The letter argued that “America’s public schools and its education leaders are under an immediate threat.”

The organization subsequently apologized for the letter.

Tyler Durden
Mon, 01/30/2023 – 21:00

via ZeroHedge News https://ift.tt/jF9yGKa Tyler Durden

Tesla Model S “Spontaneously” Erupts In Flames On California Highway

Tesla Model S “Spontaneously” Erupts In Flames On California Highway

President Biden’s green new world of more electric vehicles on US highways might result in increasing lithium fires — if that’s because of a crash or perhaps a ‘spontaneous’ battery fire.

The latest incident occurred on Saturday when a Model S “spontaneously” burst into flames on a California freeway. 

On Saturday, the Sacramento Metropolitan Fire District tweeted footage of a Tesla Model S engulfed in flames. 

“The fire was extinguished with approx 6,000 gallons of water, as the battery cells continued to combust,” the fire department said. 

Several years ago, we pointed out one Tesla fire took at least 20 tons of water to extinguish. For some context, it only takes 3 tons of water to put out a gasoline car fire. 

Traditional fire extinguishers, such as foam and water, are ineffective at extinguishing lithium fires. A class-D dry powder extinguisher is certified for combating battery fires, though many fire departments across the country are not prepared to fight battery fires

Tesla states in a firefighting manual that “large amounts of water” are needed to extinguish a car battery fire. It even said these fires could last as long as 24 hours. 

Someone might need to explain to Biden and his administration that the shift to EVs isn’t as ‘ESG-friendly’ as it’s perceived to be.

Tyler Durden
Mon, 01/30/2023 – 20:40

via ZeroHedge News https://ift.tt/0JDYaf2 Tyler Durden

Suddenly, everyone is gunning for Google

The big cyberlaw story of the week is the Justice Department’s antitrust lawsuit against Google and the many hats the company wears in the online ad ecosystem. Lee Berger explains the Justice Department’s theory, which is not dissimilar to the Texas Attorney General’s two-year-old lawsuit. When you’ve lost both the Biden administration and the Texas Attorney General, I suggest, you cannot look too many places for friends – and certainly not to Brussels, which is also pursuing similar claims of its own. So what is the Justice Department’s late-to-the-party contribution to this dogpile? At least two things, Lee suggests: a jury demand that will put all those complex Borkian consumer-welfare doctrines in front of a Northern Virginia jury and a “rocket docket” that will allow Justice to catch up with and maybe lap the other lawsuits against the company. This case looks as though it will be long and ugly for Google, unless it turns out to be short and ugly. Still, Mark reminds us, for Justice, finding an effective remedy may be harder than proving anticompetitive conduct.

Nathan Simington assesses the administration’s announced deal with Japan and the Netherlands to enforce its tough decoupling policy against China’s semiconductor industry. Details are still a little sparse, but some kind of deal was essential for the U.S. campaign to work. For Japan and the Netherlands, the details are critical, and any arrangement will require flexibility and sophistication on the part of the US Commerce Department if it is to work in the long run.

Megan Stifel and I chew over the Justice Department/FBI victory lap after they put a stick in the spokes of The Hive ransomware infrastructure. We agree that the lap was warranted. Among other things, the FBI handled its access to decryption keys with more care than in the past, providing them to many victims before taking down a big chunk of the ransomware gang’s tools. The bad news? Nobody was arrested, and the infrastructure can probably be reconstituted in the near term.

Here’s an evergreen headline: “Facebook is going to reinstate Donald Trump’s account.” That could be the opening line of any Trump-Facebook story in the last few months, and that is probably Facebook’s strategy – a long, teasing dance of seven veils so that, by the time Trump starts posting, it will be old news. If that is Facebook’s PR strategy, it’s working, Mark MacCarthy reports. Nobody much cares about the return of Trump, and they certainly do not seem to be mad at Facebook. So the company is out of the woods, but for the ex-President it’s a blow to the ego that is bound to sting.

Megan has more good news on the cybercrime front: The FBI identified the North Korean hacking group that stole $100 million in crypto last year – and may have kept the regime from getting its hands on any of the funds.

Nathan unpacks two competing news stories. First, “OMG, ChatGPT will help bad guys write malware.” Second: “OMG, ChatGPT will help good guys find and fix security holes.” He thinks they are both a bit overwrought, but maybe a glimpse of the future.

Mark and Megan explain TikTok’s new offer to Washington. Megan also covers Congress’s “TayTay v. Ticketmaster” hearing after disclosing her personal conflict of interest.

Nathan answers my question: how can the FAA be so good a preventing airliners from crashing and so bad at preventing its systems from crashing? The ensuing discussion turns up more on-point bathroom humor than anyone would have expected.

In quick hits, I cover three stories:

Download 440th Episode (mp3)

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