Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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Saw this tweet:
"According to the St Louis Fed, interest payments by the Federal Government have now surpassed $900B for the first time ever, and within a quarter will probably rise above $1T."
https://twitter.com/GoldSeabridge/status/1679876982459252738
and had to look for myself:
https://fred.stlouisfed.org/series/A091RC1Q027SBEA
Looks like it is true. Interest payments by the US Federal government now approaching $ 1 trillion. Per quarter.
Our UK elected representatives seem to be in it far too obviously for themselves, and the taxpayer is entitled to ask questions – especially at a time when the average person is struggling to pay their mortgage, heat their home or even feed themselves.
As we are about to discover, they also treat themselves to a six-week break in the summer, plus a few weeks each more at Easter, May, Whitsun and Christmas. No doubt much constituency work is done in these holidays, as well as unmissable fact-finding trips abroad – but it is far, far away from the normal working arrangements of their hard-pressed constituents.
MPs’ pensions are on generous final salary terms – a rarer luxury now – and their pay set by an independent but sympathetic review body, and far distant from market forces. Needless to add, it is unrelated to performance. Even with a volatile electorate, they enjoy more job security than most and, with still-substantial housing subsidies, don’t need to concern themselves overmuch about the inflation, mortgage rates and cost of living crisis they preside over. The “Westminster Bubble” is a cliche, but there is a little too much detachment and entitlement going on.
https://uk.yahoo.com/news/voices-21k-hour-boris-earning-144508358.html
Adam Forrest
Wed, 12 July 2023 at 10:56 am BST
Nadine Dorries book on Boris Johnson’s “political assassination” is to be released just days before the Tory conference in the autumn.
The loyal ally of the former PM has announced a deal with Harper Collins to publish in late September – threatening to reopen old wounds at the party’s October conference in Manchester.
The former culture secretary – who has vowed to quit parliament but is yet to formally resign – promised to reveal the “dark arts” behind Mr Johnson’s removal from No 10.
Ms Dorries has previously claimed that Rishi Sunak was “largely” behind the “ruthless coup” which saw her boss pushed out in July 2022.
https://uk.yahoo.com/news/nadine-dorries-book-political-assassination-090315639.html
p.s. The book was written by a "Ghost writer" for Nadine Dorries
The UK government is wasting billions of pounds of taxpayers’ money on “corporate welfare” for arms manufacturers that is siphoned into massive shareholder returns, a new report claims.
The study, by thinktank Common Wealth, suggests that long-term purchase orders and direct subsidies, which sometimes paid for more than 90% of private defence firms’ research and development budgets, were allowing leading defence companies to give billions of pounds to their shareholders.
But, despite being “supported by the state in a way no other sector is”, weapons manufacturers had failed to deliver on government work, the report’s authors stressed.
https://www.theguardian.com/world/2023/jul/09/uk-wastes-billions-defence-firms-investors-taxpayer-weapons
Rishi Sunak has been accused of failing to act to save billions of taxpayers' money that has been used to pay interest on government debt. The National Institute of Economic and Social Research think tank said the losses were due to the Treasury failing to insure against interest rate rises.
overnment fraud has almost quadrupled under Rishi Sunak from £5.5 billion to £21 billion, a new report reveals today.
The Commons’ Public Accounts Committee compares the two years before the 2020 pandemic under Theresa May’s Government with the two years that followed when Rishi Sunak was Chancellor under Boris Johnson.
HM Revenue and Customs, which was the direct responsibility of Sunak, contributed enormously to the rise in fraud after the then Chancellor approved £97 billion to be spent on the pandemic furlough scheme, the bounce back loan scheme, and his ‘Eat Out to Help Out’ scheme to combat the downturn in the economy during the Coronavirus crisis.
https://bylinetimes.com/2023/06/06/government-fraud-quadruples-on-rishi-sunaks-watch-new-report-reveals/