War-Bucks: Defense Stocks ‘Outperform’ After Russian Invasion of Ukraine

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Defense stocks have outperformed the market in the wake of the Russian invasion of Ukraine, according to a recently published Bank of America global research report.

“The Russo-Ukrainian conflict has ensured investors of a rising defense budget and triggered the recent outperformance of defense names related to the S&P500,” said the March 7, 2022, report by research analysts at Bank of America Securities and Merrill Lynch.

The report said predicted a boost in defense spending in both the U.S. and Europe that would bring the U.S. defense budget to a record $900 billion by fiscal year 2025.

“We estimate the U.S. defense budget could rise to at least 3.5% to 4% of GDP on this paradigm shift. We now expect U.S. defense spending in FY2023 to be $800bn with the likely return of Overseas Contingency Operations (OCO) Funding and exceed $900bn by FY2025,” it said.

“We expect the NATO ‘soft’ target for defense spending (2% of GDP) to become a ‘firm’ target or floor. Currently, only four countries meeting this target; there are 20+ more to go. Our UK analyst Benjamin Heelan expects more governments to announce plans to meet the 2% of GDP NATO targets,” it added. (Read more from “War-Bucks: Defense Stocks ‘Outperform’ After Russian Invasion of Ukraine” HERE)

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Longtime Clinton Pollster Sounds Alarm for Democrats in Office

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Those who are likely to vote in this fall’s midterm elections see Democrats as out of touch and largely ineffective, which bodes ill for the party that is trying to cling to the narrowest of majorities in both the U.S. House and Senate.

That’s according to a longtime Clinton pollster: Douglas Schoen.

He and his business partner, Carly Cooperman, wrote this weekend in a commentary for the Hill that it looks like the party could be looking at substantial losses in November.

“Indeed, the findings of our survey — which was conducted among likely 2022 midterm election voters — show that the electorate is increasingly pessimistic about the direction in which President Biden and Democrats are steering the country and feel that the party’s priorities do not align with their own,” the two said.

In fact, 54% said Biden and the Democrats – a party that has lurched repeatedly toward leftist causes and agenda items in recent years – should retreat from that direction. (Read more from “Longtime Clinton Pollster Sounds Alarm for Democrats in Office” HERE)

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Amazon Relocating Employees From Seattle Office After Violent Crime Surge

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Amazon is temporarily relocating employees from the company’s downtown Seattle office after an uptick of violent crime rocked the area.

Roughly 1,800 employees are assigned to the office space on Third Avenue and Pine Street in the heart of the city, but many of the employees are still working remotely, Amazon said in a statement to KOMO News.

“Given recent incidents near 3rd (Ave) and Pine (St), we’re providing employees currently at that location with alternative office space elsewhere,” an Amazon spokesman said in an emailed statement to the outlet.

“We are hopeful that conditions will improve and that we will be able to bring employees back to this location when it is safe to do so.”

Recent violent crimes in the area include the fatal shooting of a 15-year-old boy on March 2. The shooter is still at large as of Monday, cops said. (Read more from “Amazon Relocating Employees From Seattle Office After Violent Crime Surge” HERE)

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DOJ: Afghans Paid Bribes to Navy Commander to Secure U.S. Visas

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A number of Afghans allegedly paid bribes to a Commander in the United States Navy Reserves in the hopes of securing Special Immigrant Visas (SIVs) to the U.S. as part of President Joe Biden’s ongoing resettlement operation out of Afghanistan, federal prosecutors allege.

Late last week, the Justice Department announced bribery and visa fraud charges against 53-year-old Navy Reserves Commander Jeromy Pittmann of Pensacola, Florida.

According to the charges, Pittmann — who now resides in Naples, Italy — was paid by Afghans to write up and submit fake recommendation letters for SIVs to the U.S. The more than 20 letters falsely claimed that the Afghans had worked as translators for the U.S. Armed Forces in Afghanistan.

Pittmann, in the letters, prosecutors allege, claimed that he oversaw and worked with the Afghans he wrote the fraudulent letters for, that their lives were in jeopardy because they would be targets for the Taliban, and that they were not national security risks.

In reality, the Afghans seeking the SIVs had not worked for the U.S. Armed Forces. (Read more from “DOJ: Afghans Paid Bribes to Navy Commander to Secure U.S. Visas” HERE)

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The Biden Administration Is Negotiating With Venezuelan Terrorists for Oil

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What to make of a high-level U.S. delegation that traveled to Venezuela to meet with the government of President Nicolás Maduro? The visit was initially posited as an opportunity to reset U.S.-Venezuela relations. The United States could assist in the recovery of Venezuela’s decimated petroleum industry, which possesses some of the largest reserves in the world, in exchange for reorienting their petroleum tap towards the United States.

It appears the Biden administration would rather engage the rogue regime in Caracas than consider increasing U.S. domestic production. This decision further damages the international credibility of the United States and can only be viewed as the latest example of foreign policy malpractice from an erratic, unserious Biden administration.

Let’s review: for more than a dozen years, the United States has imposed sanctions on Venezuela. Sanctions have spanned several U.S. administrations and were instigated by the regime’s lack of cooperation on narco-trafficking and counterterrorism, human rights abuses, corruption, and other anti-democratic behaviors.

Diplomatic relations were severed and the U.S. embassy shuttered in 2019 when the United States recognized opposition leader Juan Guaidó as Venezuela’s lawful president. The Trump administration imposed heavy sanctions on Venezuela’s oil exports, virtually unplugging them from global financial markets, and brought charges against government officials to pressure Maduro to abdicate. He did not.

In 2019, Guaidó was recognized as the legitimate president by some 50 countries. While that recognition has diminished over time, the United States still “maintains diplomatic relations” with Guaidó, but the Biden administration did not meet with him during the visit. (Read more from “The Biden Administration Is Negotiating With Venezuelan Terrorists for Oil” HERE)

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White House Transcript Steps in With Adjustment After Kamala Harris Makes Rather Curious Comments About NATO (VIDEO)

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On Saturday afternoon, Vice President Kamala Harris spoke at the DNC Winter Meeting in Washington, D.C., after returning from Poland, in the midst of Eastern Europe and the world being rocked by Vladimir Putin’s invasion of Ukraine. As Landon covered earlier, the vice president made some eyebrow-raising remarks about how voters “got what they ordered.” Her comments about NATO also raised some suspicion, including with the White House, considering that the transcript includes an edit.

“So I will say what I know we all say, and I will say over and over again: The United States stands firmly with the Ukrainian people [and] in defense of the NATO Alliance,” Harris said to applause, according to the official White House transcript. The “and” was added after the fact, as indicated by brackets.

Our friends at Twitchy highlighted a clip as well as reactions to Harris’ comments, which shows her remarks as delivered being “So I will say what I know we all say, and I will say over and over again: The United States stands firmly with the Ukrainian people, in defense of the NATO Alliance.”

While Harris’ commitment to standing with the people of Ukraine may be admirable, screwing up the facts about the NATO alliance is not something one ought to communicate she will say, and thinks others will say, “over and over again.”

Ukraine had attempted to get into NATO, especially as the Russian invasion loomed closer, but before it happened, with Ukrainian President Volodymyr Zelensky in February calling for a “clear” timeline on when he could join. However, earlier this month, Zelensky indicated he is no longer pressing to join. (Read more from “White House Transcript Steps in With Adjustment After Kamala Harris Makes Rather Curious Comments About NATO” HERE)

Photo credit: Flickr

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Airline Made up a Federal Regulation to Boot a Passenger for Wearing an Anti-Joe Biden Hoodie

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We’re back to this game again, huh? We have airline crews booting people from flights or asking them to cover up attire they deem offensive. Of course, it’s masks, hoodies, and sweaters that all rip Joe Biden. One man was asked to wear a mask over his ‘Let’s go Brandon’ mask. Another passenger was booted from an Allegiant flight for the same mask. On JetBlue, it happened to another passenger. Now, Delta has joined this game, taking a black man off the flight for wearing a “f*ck Joe Biden” hoodie.

The airline claimed it was over an FAA regulation, but it doesn’t exist.

(Read more from “Airline Made up a Federal Regulation to Boot a Passenger for Wearing an Anti-Joe Biden Hoodie” HERE)

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Biden Repeats Massive Lie About COVID Vaccines…Again

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In a tweet sent late last week, President Joe Biden again repeated the claim that infrastructure or plans to distribute Wuhan coronavirus vaccines were not in place when he came into office on January 20, 2021.

This claim is not true and yet, Biden keeps repeating it.

On May 16, 2020, President Donald Trump announced the launch of Operation Warp Speed. The main objectives of the program were to repeal federal government bureaucracy in order to streamline vaccine and treatment development for the disease. The program included development of logistics to distribute vaccines once they became available. The Trump administration worked with UPS, FedEx and a number of pharmacies to get the job done. (Read more from “Biden Repeats Massive Lie About COVID Vaccines…Again” HERE)

Photo credit: Gage Skidmore via Flickr

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Biden Spokesman Clashes With Reporters After Refusing to Condemn Mass Execution by Saudi Arabia

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A reporter asked Price if the U.S. condemns the mass execution. He did not condemn it, instead saying that the Biden administration continues to raise its concerns about the Saudi judicial system with Riyadh.

“We continue to raise with Saudi Arabia the need to ensure fair trial guarantees, freedom from arbitrary and extrajudicial detention, transparency, the rule of law, and freedom of religion of belief,” Price said.

At that point, The Associated Press’ Matt Lee interjected, “So that’s it? You don’t have anything else to say about 81 people just being summarily executed?”

“We have been clear about our concerns about the lack of respect for fair trial guarantees in Saudi Arabia, we’ve documented this in our human rights reports, we’ve raised these concerns with the Saudi government, we’ll continue to do so,” Price answered. “What we want to see, and we’ve made this very clear to our counterparts in Riyadh, is for all governments, including our Saudi partners, to respect and protect human rights and to ensure a fair and transparent judicial process.” (Read more from “Biden Spokesman Clashes With Reporters After Refusing to Condemn Mass Execution by Saudi Arabia” HERE)

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U.K. Supreme Court Rejects Julian Assange’s Request to Appeal U.S. Extradition

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The U.K.’s Supreme Court on Monday denied Wikileaks founder Julian Assange the opportunity to appeal his extradition to the U.S., where he could face 175 years in prison on espionage charges for publishing classified documents exposing alleged U.S. war crimes.

The court rejected the request to appeal on the basis that the application “does not raise an arguable point of law.”

The case will now go to Home Secretary Priti Patel, who will then decide whether or not to authorize Assange’s extradition to the U.S.

Assange’s U.S.-based lawyer, Barry Pollack, said in a statement that it is “extremely disappointing” that Britain’s High Court is refused to hear the appeal.

“Mr. Assange will continue the legal process fighting his extradition to the United States to face criminal charges for publishing truthful and newsworthy information,” he said. (Read more from “U.K. Supreme Court Rejects Julian Assange’s Request to Appeal U.S. Extradition” HERE)

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