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06-30-26  carib

The US Constitution, by design, is inherently rigid.
It takes more than a whim of a President or a congress majority to amend it.
That is why it survived 250 years with small adaptations.
And that is why the second amendment, clearly adopted when automatic weapons did not exist, still stands, even if it has crazy practical consequences, in my opinion.

06-30-26  carib

SPAL: the text of the 14th amendment is quite explicit.
It does not matter if you or I agree or disagree with it, but it is the law.. until it is amended or legislation related to its implementation is duly adopted.
The Constitution is there to protect rights, set the rules for taking legal decisions, and protect citizens from abuse of power by the authorities.
There can be several perfectly reasonable and legitimate arguments for restricting citizenship to persons born from citizens or legal permanent residents, but you cannot change the Constitution by executive order, unless you opt for the North Korean governance model.

06-30-26  victor

Según el Wall Street Journal, funcionarios de la administración Trump pidieron a María Corina Machado dar la vuelta cuando sobrevolaba Carolina del Norte en un vuelo privado desde Virginia hacia Curazao, y ella obedeció; Marco Rubio le pidió posteriormente paciencia para preservar "la frágil relación de trabajo" con Delcy Rodríguez, mientras funcionarios de Trump expresaban en privado frustración por sus críticas al gobierno interino venezolano. Copa Airlines le negó después el embarque en Panamá por temor a represalias, y el espacio aéreo fue restringido mediante NOTAM oficial.

Por otra parte, de acuerdo a otro artículo de El Debate, la historia tiene más capas: Trump había dado inicialmente luz verde al regreso de Machado tras una llamada directa entre ambos — el presidente le había facilitado su número de móvil personal en un encuentro previo para que lo usara cuando lo considerase necesario — pero revirtió su decisión en cuestión de horas, dejándola varada y advirtiéndole que emitiría un comunicado desmarcándose si continuaba adelante con los planes.

El WSJ revela que la administración Trump ha priorizado la estabilidad, el acceso al petróleo venezolano y la cooperación en seguridad por encima de una transición democrática, y que ni Washington ni Delcy Rodríguez han fijado fecha para elecciones. Machado no menciona a Trump en su video desde Panamá pero tampoco se rinde: "haré lo que haya que hacer para encontrarnos allá."

06-30-26  victor

Ron DeSantis

This was not a decision on procedural grounds (ie, POTUS can’t do this through executive order but Congress could legislate it); it is a substantive decision that says the 14th amendment requires citizenship for those born to, among others, birth tourists or those unlawfully present in the country.

Will need either a constitutional amendment or a future court to overrule this.

Anyway you slice it, the decision is a major defeat.

06-30-26  victor

carib, yes.. 95% chance at polymarket.

06-30-26  spal

It is sophisticated propaganda because it wraps a modern, radical interpretation of jus soli—one that allows temporary or unlawful presence to automatically trigger the highest prize of the state—in the constitutional robes of 1868.

It pretends to "keep a promise" to the Framers, when in reality, it is enforcing a loophole that the Framers explicitly stated they were avoiding.

We are governed by knaves in robes whose drollings pass for laws ...

06-30-26  spal

The 14th Amendment was written for one primary, existential reason: to overturn the infamous Dred Scott decision and guarantee that newly emancipated Black Americans were recognized as full citizens of the United States.

The rest is just sophistry ... albeit high minded and cute.

06-30-26  spal

The Romans understood that a civilization crumbles if citizenship is handed out freely without requiring any skin in the game.

;)

06-30-26  spal

Well the Pilgrims weren't immigrants - they were colonists (they were British Nationals).

The US did not exist in 1600's.

Jus solis was drafted into the constitution in 1787 ... anchor babies are very much a consequence and an abuse.

06-30-26  carib

Victor: SCOTUS just upheld the Constitution.
If one wants to change that rule, he should seek a constitutional amendment with the required majorities.
Without immigrants, the USA would be just have native americans (red indians) as citizens. Nobody asked the mayflower passengers for a passport..

06-30-26  victor

Birthright citizenship upheld: In a big loss for President Donald Trump, the Supreme Court upheld birthright citizenship, striking down his executive order. Chief Justice John Roberts, calling citizenship “the right to have rights,” wrote for the court that “the Framers of the Fourteenth Amendment extended that promise to ‘every free-born person in this land.’ We keep that promise today.”

06-30-26  victor

Republican-appointed Supreme Court justices John Roberts (Bush) and Amy Coney Barrett (Trump) both rule against President Trump’s birthright citizenship executive order.

06-30-26  panasonic

Pilly doubled on my gld calls

06-29-26  pillz

Israel developing space lasers to attack above the Earth, Katz says
"As of today, no country has the ability to mount attacks in space. We must be the leading country in the world with this capability," said Katz.

https://www.jpost.com/defense-and-tech/article-900854

06-29-26  pillz

interesting how the press interpret gold ??

/

Gold and silver prices fall amid fears of higher inflation due to the war in Iran

Mon Jun 29 17:48:36 2026 EDT

Gold and silver prices fell on Monday amid renewed tensions between the United States and Iran, which drove up oil prices and fueled inflation fears.

06-29-26  carib

Panas: I think Orban and Trump offered a profitable strategy:
1) win elections
2) consolidate power
3) treat public goods as your personal ones (but not in the sense of respecting them as if they were your own)

06-29-26  victor

Iran indicts Crown Prince Reza Pahlavi, anti-regime journalists for ‘inciting’ January protests

Iranian authorities have issued an indictment against Crown Prince Reza Pahlavi and several figures associated with the opposition broadcasters Manoto TV, which ceased operations a few weeks ago, and Iran International, accusing them of helping instigate the nationwide protests that swept the country on January 8 and 9 of this year.

Tehran Prosecutor Ali Salehi announced on Saturday night that the indictment had been issued, saying the case would be referred to court for trial within the coming days.

06-29-26  carib

Panas: good to see emirates cutting ties with terror..

06-29-26  carib



Hungary’s new prime minister has accused Viktor Orbán’s former government of hiding a budget deficit that would have topped 8 per cent of GDP this year — more than double the declared target.

Péter Magyar said on Monday that Orbán’s public deficit targets for 2026 — first 3.7 per cent of GDP, then 5 per cent — bore little relation to the figures found by his government since taking office six weeks ago. Orbán’s own officials had assumed a 6.8 per cent shortfall, Magyar said, while new audits showed the deficit would have exceeded 8 per cent without a recent deal unlocking frozen EU funds.

“They lied to Hungarians,” Magyar said in a Facebook video.

06-29-26  panasonic

Spa, tech bouncing back, money is homeless otherwise.

06-29-26  panasonic

Savo, after Iran's nuclear program has been complete turned off, Israel will face strong political turmoil's, we'll have to wait and see.

06-29-26  panasonic

Carib, me think betting on asymmetric wars went pretty wrong for Gulf States, who financed Hamas.

They never expected it was going to backfire way it did.

Tdy they are buying defense systems from Israel and joined effort to recover missing enriched uranium.


06-29-26  savo

pana i do not support any war..do not support hammas or any other terrorist organization.. my peer group is Israel hence my sympathy and support for it... but i do not believe a word that comes out of its current leadership..and hope for new people with new ideas to come in.

06-29-26  carib

Asymmetric conflicts exist.. irrespective of supporting or opposing them.
The problem is what to do about them.
My limited understanding of the middle east tells me that if the government of Iran stops meddling in Lebanon, Gaza, Yemen, etc.. the problem is mostly solved.
The counter argument is that if the iranian regime does that, it loses it's own reason of existing, and thus collapses (a very good outcome, btw).

06-29-26  victor

Rep. María Elvira Salazar

Solo un criminal impediría que los rescatistas lleguen a las personas atrapadas bajo los escombros.

Y eso es exactamente lo que es Diosdado Cabello.

El régimen de Delcy Rodríguez debe entenderlo con absoluta claridad: tiene que permitir el ingreso de toda la ayuda humanitaria que está llegando desde todas partes del mundo.

Dejen que los rescatistas hagan el trabajo que su gobierno es incapaz de hacer.

06-29-26  panasonic

Savo, but you don't mention Hamas' roll in your posts, do you support asymmetric wars?

06-29-26  carib

Savo: it is obviously easy to disagree with any killing of innocent people.
But, in my experience, the perspective changes if you actually go to the middle east and see how things actually work there.
For easier reference, just read "From Beirut to Jerusalem".

06-29-26  savo

carib... i agree with your geopolitics but disagree with the killing of innocent people..the flattening of entire cities..or the invasion of foreign countries and destroying them because enemies of israel live there. That is what bloodthirsty vampires do and what satanist support.

06-29-26  carib

Savo: I think geo-politics and wars do not work on the basis of "rooting" for somebody or some party, and do not normally deal with "vampires" or "satanists".
If you are a believer, you can rest on the assumption that the dead will face their own karma in afterlife.
If you are agnostic, then one must support reasonable and effective conflict resolution mechanisms amongst the living.
In the case of Israel, the issue is ultimately simple:
if we recognise the right of Israel lo live in peace within secured and recognised borders, then we must recognize Israel right to defend itself against any party refusing to recognise such right.The remaining issue to solve, in relation to this, is the Ayatollahs regime in Tehran. remove that, and the rest can be sorted out, in my opinion.


06-29-26  spal

NNBR
NN INC


4.32

(+56.75%)

When you're hot ... you're hot

06-29-26  savo

"No hay lugar para 2 estados desde el rio hasta el mar, solo Israel. No me importa que lo que hago en Irán, Líbano, Siria, Gaza... sea mi muerte política, solo quiero la victoria de Israel y si tenemos que invadir Líbano y atacar con todas nuestras fuerzas, lo haremos"

https://x.com/DaniMayakovski/status/2071062069734977637


06-29-26  savo

pana..fwiw..i do not root for the ayatollahs...i do not want anybody to bomb israel.. and i do not want israel to bomb anybody either with the support of the Satanist States and the Satanist Union.

I do hope though that the current bloodthirsty vampire organization leaded by NetanDracula is kicked out..and ends in some dark jail for the killing of innocent people.

06-29-26  victor

savo


Strategy Says It May Sell Up to $1.25 Billion of Bitcoin

Bloomberg) -- Michael Saylor's Strategy Inc. unveiled a sweeping overhaul of the financing model underpinning its Bitcoin strategy, giving itself broader powers to sell the cryptocurrency, buy back securities and preserve liquidity as it adapts to mounting pressure on the structure that fueled years of aggressive accumulation.

The company said it may sell up to $1.25 billion of Bitcoin to bolster its cash reserve and established two repurchase programs of up to $1 billion each for common and preferred shares. Strategy also said it would become more disciplined about issuing common equity, particularly when its shares trade at or near the value of its Bitcoin holdings. The common shares rose around 5% in pre-market trading.

"While there is more selling pressure on Bitcoin, it is definitely positive for the stock, and both the common and preferred shareholders, they are effectively saying we are going to sell Bitcoin to support shareholders," said Bohan Jiang, senior derivatives trader at FalconX.

Strategy's common and preferred shares have tumbled alongside Bitcoin, undermining the financing advantage that for years allowed Saylor to issue securities and plow the proceeds into ever-larger Bitcoin purchases. The selloff has increasingly raised questions about whether the self-reinforcing funding model underpinning the company's Bitcoin strategy can continue to function through a prolonged downturn.

Rather than relying primarily on issuing new securities to finance ever-larger Bitcoin purchases, the company is now giving itself greater flexibility to preserve liquidity, repurchase discounted securities and monetize Bitcoin when raising fresh capital becomes less attractive.

The board also established a policy of maintaining a minimum cash reserve equal to at least 12 months of expected preferred-stock dividend payments and interest expense. Strategy said its reserve now stands at $2.55 billion after selling common stock over the past week, and raised the dividend on its STRC preferred shares to 12%.

On Friday, a valuation metric that once underpinned the bullish case turned negative, showing that the company's financing advantage has evaporated. Strategy's mNAV — the ratio of its enterprise value, including debt and preferred stock, to its Bitcoin holdings — dropped below parity. The stock has dropped almost 80% in the past year.

The timing is especially significant because demand for Bitcoin has become increasingly reliant on institutional buyers such as Strategy. As concerns mount over the company's ability to keep raising capital on attractive terms, investors are reassessing not only Saylor's acquisition strategy but also one of the cryptocurrency's biggest sources of incremental demand.

At the start of June, Strategy disclosed it had sold 32 Bitcoin, its first sale since 2022. The amount was negligible relative to holdings worth approximately $51 billion, but the symbolism was significant. For years, Saylor built Strategy around a simple premise: raise capital to buy Bitcoin and do not sell it. The disclosure challenged that narrative and helped deepen a rout that sent the crypto world shuddering.

The move appeared designed to show that the largest corporate owner of the cryptocurrency was willing to use Bitcoin to support its dividend payout for its preferred obligations. Instead, it raised fresh doubts about the durability of the structure.

The perpetual preferred shares that Strategy began selling in 2025 had provided Saylor with a way to keep buying without punishing the investors who own the common stock. The price of the preferred collapsed to less than $75, well below the $100 par value threshold needed to avoid making the purchases unprofitable for Strategy.

06-29-26  spal

Panas I am 100% agreeing with you.

06-29-26  panasonic

Spal, long term holder's thing, not an issue for day and/or for momentum traders.

06-29-26  panasonic

Spal, tech is big part of indexes, without "growth" current P/Es will have to re-balance to a bigger participation of "value" making current P/E of S&P to adjust accordingly.

06-29-26  carib

Savo: Israel will have elections at the end of the summer, and most likely Bibi will be retired.
No such possible elections likely in Iran, Russia, Belarus or North Korea, where the actual evil vampire regimes rule by force.
Hopefully, in november the USA will also have mid-term elections producing changes.

06-29-26  carib



Delcy Rodríguez, the life-long socialist who the Trump administration backed to lead Venezuela following Maduro’s ousting, was heckled by survivors in Caracas, the capital, as she surveyed the rescue effort at a collapsed 22-storey tower on Friday.

“Get out,” they shouted.

06-29-26  spal

NNBR
NN INC


3.92

(+42.21%)

Winner, winner, chicken dinner

06-29-26  spal

NNBR
NN INC


Add to Watchlist
|
3.7050.945

(+34.24%)


It will of course cool off ... and then I go industrial size

06-29-26  spal

06-26-26
spal
35% cash ...



NNBR - turnaround ... likely.


=====

06-29-26  spal

NNBR

Boom

06-29-26  spal

value stocks can't do the job to sustain current valuation in indexes.

===

Say that again.

06-29-26  panasonic

China Has Matched Anthropic in Cybersecurity, Resetting AI Race
Clampdown on top U.S. artificial intelligence is fueling concern that Washington is handing Beijing a cyberwarfare advantage

https://www.wsj.com/tech/ai/chinese-ai-anthropic-mythos-cybersecurity-574b02c2

and we are in diapers on AI, they grow fast, very fast.

06-29-26  panasonic

Savo, we definitely are in metaverse days, porn stars rooting for ayatollahs and Christians rooting for Iran to Nuke Israel (with all their holy sites).

06-29-26  panasonic

Big Tech’s AI spending spree risks ending in a prolonged “investment bust” that could rattle financial markets.

I concur, profit margins will be much lower than expected and value stocks can't do the job to sustain current valuation in indexes.


06-29-26  savo

carib.. some of those too..but in this occasion i was referring to the israeli vampires that accompany the chief bloodsucker.

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