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U.S. Supreme Court reinstates Louisiana electoral map faulted for racial bias

"The Supreme Court on Tuesday reinstated a Republican-drawn map of Louisiana's six U.S. House of Representatives districts that had been blocked by a judge who found that it likely discriminates against Black voters." (Reuters)

Argentina has officially applied to become part of BRICS

President says Argentina would like to join BRICS

Saturday, June 25th 2022 - 10:05 UTC

Full article

2 comments

BRICS accounts for 42% of the world's population and 24% of the global gross product, BRICS accounts for 42% of the world's population and 24% of the global gross product, Fernández recalled recalled

BRICS accounts for 42% of the world's population and 24% of the global gross product, BRICS accounts for 42% of the world's population and 24% of the global gross product, Fernández recalled recalled

Argentine President Alberto Fernández Friday made a virtual appearance at this week's BRICS Summit, during which he asked that his country be admitted into the bloc alongside Brazil, Russia, India, China, and South Africa.

“We are enthusiastic about the prospect of coordinating policies that enhance the agenda of the countries of the global South,” the Argentine leader said. “We aspire to be full members of this group of nations,” added Fernández, who also called “for peace in Ukraine,” while Russian President Vladimir Putin was watching from his own end of the closed-circuit streaming. “As Pope Francis has pointed out, neither wheat nor food can become a weapon of war, nor can the human person become a bargaining chip,” he added.

“It is imperative that hostilities cease in Ukraine. We want to be part of the search for a solution that brings all those involved closer together,” he insisted, in line with Chinese President Xi Jinping, who also called for world peace. Argentina's participation was due to a personal invitation by the Chinese President to Fernández during a trip to Beijing in February.

Fernández stressed it was necessary to “achieve a lasting peace that definitively leaves behind the dynamics unleashed by the escalation of war” and called on leaders to put “an end to violence, resuming dialogue and reestablishing the value of solidarity are ethical imperatives that this time imposes on us.” Fernández, who holds this year the pro-tempore presidency of the Community of Latin American and Caribbean States (CELAC), proposed his country as a bridge to find a solution.

The Argentine leader asked to explore “cooperation mechanisms, such as the currency swap that Argentina signed with China” and thanked Xi for the invitation and all the countries of the bloc for the “demand to peacefully negotiate the Malvinas issue with the United Kingdom.”

Fernández also pointed out that “the expansion of the New Development Bank -of BRICS- can be a useful instrument to strengthen national infrastructures.” He also called to “promote the creation of an International Risk Rating Agency, which puts in public hands what today is in the hands of private interests.”

The Argentine head of state also underlined that BRICS accounted for 42% of the world's population and 24% of the global gross product. “We are safe and responsible food suppliers, recognized in the field of biotechnology and applied logistics technology. This means that we are not only capable of producing and exporting food. We also know how to provide services and train specialists so that other countries can increase their productive efficiency and thus improve the quality of life of their inhabitants,” Fernández elaborated

He also recalled that Vaca Muerta in the province of Neuquén was the second-largest unconventional gas reserve and the fourth-largest oil reserve. “Argentine and foreign companies are not only exploiting fossil fuels in an unconventional way”, but “they are also venturing into the exploitation of lithium, green hydrogen, and other renewable energies.”

BRICS leaders have also called for “a world free of nuclear weapons” in a joint declaration adopted Thursday: “We reaffirm our commitment to a world free of nuclear weapons and stress our strong commitment to nuclear disarmament and our support to the work on this subject during the session of 2022 of the Conference on Disarmament,” the declaration reads.

The BRICS resolution also called for “negotiations in bilateral and multilateral formats to resolve all issues pertaining to the Korean Peninsula, including its complete denuclearization” and highlighted the need to “resolve the Iranian nuclear issue through peaceful and diplomatic means.”

https://en.mercopress.com/2022/06/25/president-says-argentina-would-like-to-join-brics

>>140899

they just got $4b from the IMF

IMF board approves Argentina first review, unlocks $4 bln

The executive board of the International Monetary Fund on Friday completed the first review of its $44 billion Extended Fund Facility for Argentina, its managing director said.

The approval allows for the disbursement of about $4 billion. Kristalina Georgieva said on Twitter the approval marked the conclusion of an initial step under the program to support the country's "ongoing economic recovery and strengthen stability." A source familiar with the matter had previously confirmed the information to Reuters. In a statement, the IMF said that notwithstanding shocks such as inflation pressures and challenging fiscal and reserve

accumulation goals, Argentine authorities have met "all end-March 2022 quantitative targets and have made progress toward implementing the structural commitments under the program." It added that it maintained the end-year program objectives with some flexibility in the quarterly paths to accommodate those shocks. Kristalina Georgieva said on Twitter the approval marked the conclusion of an initial step under the program to support the country's "ongoing economic recovery and strengthen stability." The IMF announced on June 8 that it had reached a staff-level agreement on an updated macroeconomic framework with authorities in Argentina - the fund's biggest debtor. It said at the time that "all quantitative program targets" for the first quarter of the year had been met. On Tuesday, Argentina's government approved two payments to the IMF for some $2.75 billion.

https://www.reuters.com/world/americas/imf-executive-board-approves-first-review-argentina-program-source-2022-06-24/

you made yer choice already

>>140766, >>140776, >>140793 lb

SAM332 USA G5 SW from Bangor ME ground stop-departed Stuttgart Int'l earlier today

SAM410 USAF G5 arrived at Teterboro Airport, NJ from JBA depart

>>140861

SPAR87 NATO G5 arrived at NB Rota after a ground stop at Madrid-Torrejon AB of about 45 minutes

EWOK069 USAF KC-135 tanker up out of Marrakech, Morocco and this is probably the stand-by tanker for Potato since there is some awfully crowded airspace over central Spain-seems a bit far away at 800 miles or so but it's running the same trackin' pattern as a stand-by tanker would be doing

There is nuffin else out there

>>140906

SAM332 USAF G5 landed at Fort Knox, KY.....'

for the keks

waken up

The Bee

>>140918

Visa deposits $600 million into litigation escrow account that functions like a share buyback

Visa Inc. V, -2.67% said Tuesday that its board of directors approved a deposit of $600 million into a litigation escrow account that the company previously set up in response to a years-old merchant lawsuit. The account is set up so that funding of the litigation escrow account dilutes the value of the company's bank-owned class B shares relative to the company's class A shares. As such, the move functions like a buyback of Visa's regular class A shares because the conversion rate of class B shares is reduced. The account was set up this way when Visa went public more than a decade ago after living most of its corporate life as a bank-owned cooperative. Visa has funded this account numerous times in the past and didn't immediately respond to MarketWatch's request for comment about why it was adding the incremental $600 million now. For more on Visa's class B shares, MarketWatch discussed the setup in depth following a 2018 funding of the litigation escrow account.

https://www.marketwatch.com/story/visa-deposits-600-million-into-litigation-escrow-account-that-functions-like-a-share-buyback-2022-06-28

from 2018

In looking at Visa’s financials, a deposit into the escrow account lowers the earnings number in the numerator as well as the number of shares outstanding in the denominator, when it comes to calculating earnings per share. That means Visa’s EPS will not reflect the fact that the company had this $600 million outflow during the quarter. While Visa’s income will be reduced by $600 million, the impact on EPS is eliminated because of the conversion feature of the company’s Class B shares. Chaney said that EPS might actually rise depending on how the rate is converted, but the practice is allowable under generally accepted accounting procedures (GAAP).

https://www.marketwatch.com/story/visa-has-taken-an-unusual-approach-to-its-preparation-for-merchant-suit-settlement-2018-07-11

If it functions as it suggests it is basically using it to buy back shares without having to announce a share buyback program-and since everyone is saying how "great this economy is" you wouldn't really want to have a credit card co. announcing a share buyback plan just as consumer confidence continues to erode and consumer credit is at all time high.

Even the real chief Fed Head (Jerry is just the errand boy) John Williams said "The economy is Strong" >>140879 Federal Reserve president pushes back on recession fears: 'The economy is strong'

Colombian AF FAC0001 737President Ivan Duque on this ACdeparted Lisbon after arriving on 0626 for an hour-dropped off some blow-then went to Porto

Returned to Lisbon today for 2h20minutes and now back to Bogota where it departed from on 0625

Duque urges successor to maintain Nato, US relationships

Lisbon, Jun 28 (EFE).- Colombia must maintain its strategic relationship with Nato and the United States, Colombian President Ivan Duque told Efe in an interview Tuesday, in which he said he was in favor of Sweden, Finland and Ukraine joining the Alliance.

https://www.laprensalatina.com/duque-urges-successor-to-maintain-nato-us-relationships/

>>140908

EWOK069 USAF KC-135 tanker back to Marrakech

Looks like it was up over the last few days as JABBA88-cap #2 yesterday, YODA99 on 0626-cap#3 and then GRMPY88 on 0622, SALTY22 on 0621 and it has no activity going back to mid-May at all so it is likely those are Potato's mobile filling station as there is not anything else visible and those flights as SALTY and GRMPY could have been in preparation for G-7/NATO coverage which started with the aforementioned YODA99 flight on 0626-when Potato arrived at Munich

>>140862

PAT63 USAF G5 departed Ramstein AFB NW

>>140781 pb PAT78 is still at RAF Northolt

Werking on a theory that when they "remove" JA from the UK they may "put him"-at West Point

It's just a theory as we had a pretty high-level G5 depart JBA go to West Point and then head over to Rzesow and then to Paris where it joined one of the C202 Coast Guard ACs (those have been speculated to be Navy Ops using the Coast Guard ACs that operate out of Reagan National) and most recently shadowed the Sec. of Defense on the recent Singapore Trip.

>>139772 SAM292 USAF G5 on approach for New York Stewart Airport (West Point Academy's Airport) from JBA depart

>>139927 SAM292 USAF G5 that departed NY Stewart Airport last night went to Rzesow Airport, Poland for 90 minutes and is now on ground at Paris-that C202 Coast AC arrived yesterday >>139865 lb

>>140212 SAM292 USAF G5 landed at JBA after it stopped at NY Stewart Airport (West Point) for 60 minutes where it left on Monday (june 20th) and it also stopped at Rzesow Airport on June 21

Just file this under wild-ass guess at the moment as the only real back-up I have is the high level G5 described above going to West Point's Airport (NY Stewart) on outbound and then back to it on it's inbound upon return to JBA

They are gonna have to 'put him' somewhere plus have to show him at some point so muh "wild-ass" guess is they do all the show and tell with the double and then 'put him' at West Point-it doesn't seem very logical but if they put him in a standard Prison situation that will be swarmed with people in protest and a gigantic shit-show. It's also a U.S. Mint location as well so very secure. They can control access into/out of that area pretty easily and just shut off the one major road in and out of there but there are many other places they could do that as well and be less disruptive...like I said a "wild-ass guess" at this point-but something made me think of that as a location and it is sticking in muh head for some reason as I'm sure you've had something that just doesn't make much sense stay with you for some reason.

GOP taking primaries

>>140934

noes you do

dunno wut I was thinkin' when I posted dhat

of course it's yer discretion no matter wut

now watch them do it

kek!

Chinese AF 11155 Y-20 appears heading SW out of China northeast of Lahore, Pakiland and heading west now towards Afghaniland border

One of the two seen on Sunday night (CONUS time) >>140683 pb

Paki AF BURAQ306 G4 SW after Lahore departure

>>140906

SAM410 USAF G5 back at JBA-departed Teterboro Airport, NJ after a stop of about 5h 20 minutes

U.S. rate rises hit Japanese megabanks' finances hard

Unrealized losses on bonds total $12.5bn for the three top banks. Sharp rises in interest rates of overseas bonds, which represent drops in their price on the flip side, have posed challenges for Japanese megabanks.

Major Japanese banks' investment strategies came into question as they reported a combined total of 1.7 trillion yen ($12.5 billion) in unrealized losses on their foreign bond holdings and suffered losses on their sale as of March.

Previously, the country's top three megabanks incurred losses due to sharp rate rises in the fiscal year that ended in March 2017, during which Donald Trump was inaugurated as U.S. president, but the latest losses are 6.5 times that figure. While the banks' overall securities holdings still carry unrealized gains, the situation threatens their capital adequacy.

Securities companies have been receiving increased inquiries from overseas hedge funds. Their questions are specific: What are the recent levels of unrealized losses on foreign bonds for megabanks? Do they plan to book impairment losses? The value of bonds held by megabanks has fallen significantly, and market participants are waiting to see what measures they might take.

A megabank investment manager said this is "a tough year not seen in the past."

"I said they're storm clouds, they're big storm clouds here. It's a hurricane," JPMorgan Chase chief executive Jamie Dimon recently said, warning about inflation and rate rises.

Since around the middle of 2021, when sharp price rises began in the U.S., Japanese megabanks began preparing for rate hikes. The average life of the foreign bond holdings of both Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group early this March was longer than a year. The banks are believed to have dumped short-maturity U.S. bonds, which may inflict losses due to rate hikes, and replaced them with longer-maturity government bonds.

The combined unrealized losses on foreign bonds at the three megabanks increased to 1.7 trillion yen in March. Unrealized losses do not surface until the loss-bearing bonds are sold, but if the banks have little chance of recovering, they would be forced to book impairment losses. Currently, they have combined unrealized gains totaling some 6.4 trillion yen, maintaining an overall soundness.

The sharp rises in yields on longer-term U.S. bonds, including five- and 10-year issues, hit the banks unexpectedly. Yields on 10-year bonds rose more than 1.1 percentage points during March and April. It was the largest two-month rise since May 1985. The extent of loss increases for Mizuho Financial Group, which decided to reduce the balances of ultralong-term loans and mortgage-backed securities, is smaller than those of MUFG or SMFG.

Resona Holdings posted losses on bond sales totaling 55 billion yen in the three months to this March. In 2020, when the new coronavirus spread, the company adjusted its portfolio to be composed mainly of low-yield bonds, anticipating a long-term economic slump. Subsequently, the risk that procurement costs may exceed investment returns increased as prices and interest rates rose. On the other hand, none of the three megabanks has booked large amounts of losses on selling bonds to reduce unrealized losses. Still, high interest rates must be seen relative to borrowing costs. Japanese banks typically procure in the market the dollars they use to invest in foreign bonds. They typically use repurchase agreements, under which government bonds are offered as collateral for borrowing short-term funds. Borrowing rates on dollars have been on an uptrend driven by rate hikes. Higher yields are required to prevent investment from resulting in negative returns. Foreign bond investment, which used to be a precious revenue source, is at a crossroads.

What can be troublesome about securities investment is its relationship with capital adequacy regulations imposed by financial authorities. The "total of other securities" held for investment purposes by the three megabanks carries unrealized gains totaling over 5 trillion yen. The unrealized losses on foreign bonds, which form part of that, are more than offset by the impact of higher stock prices.

However, this account fell into unrealized loss in the fiscal year that ended in March 2009, immediately after the global financial crisis. By rule, the equity of a megabank, which operates internationally, decreases if its securities portfolio falls into unrealized loss.

The large unrealized losses on the megabanks' foreign bond holdings can be said to reflect an unstable situation that could, if the market falls into crisis, lead to a return of the situation immediately following the global financial crisis.

https://asia.nikkei.com/Business/Finance/U.S.-rate-rises-hit-Japanese-megabanks-finances-hard

Mizuho is a Primary Dealer with the NYFRB

>>140830

>>140832

>>140874

#954

>>140834 Friday was, we believe, the biggest day yet for signups on TRUTH. Amazing numbers are happening, and quickly!

>>140835 INSANE Senator Elizabeth Warren Suggests Putting Planned Parenthood TENTS on Federal Land to Conduct Abortions in Banned States

>>140844 GMax sentence watch today

>>140849 In a recent BRICS meeting, Putin addressed the following—Russia will fulfill its obligations to supply energy and fertilizers, The sharp increase in inflation around the world is the result of the irresponsibility of G7 countries, not the operation in Ukraine.

>>140852 Planefag: G-7 and non G-7 to NATO wank-fest moving day ACs heading to Madrid

>>140856 Potato Force 1 and SAM46 already at Madrid

>>140859 Today’s Key Primaries: Today’s Key Primaries. Runoffs: Mississippi and South Carolina

>>140861 Planefag: Moar 'moving day' ACs to Madrid: Japanese JF001 Kishida to Madrid/Slovenian AF LSV101-Borut Pahor/SPAR87 NATO AC Ramstein-Stuttgart-Franfurt now to Madrid

>>140861 Japan PM Kishida: to extend additional $100 mln in humanitarian aid to Ukraine

>>140862 Planefag housekeepin' and another PAT flight-PAT63 USAF G5 arrived at Frankfurt-Weisbaden AB last night (CONUS time) for 45 minutes then went to Ramstein AFB where it is now

>>140864 Biden Faces New Border Furor After 48 Die in Texas Truck

>>140865 Case-Shiller: National House Price Index Increased 20.4% Year-over-year in April + current 30 yr fixed rate

>>140867 U.S. Consumer Confidence Drops To Lowest Level Since February 2021

>>140869, >>140894 Ag Hit job -1.25% and three day June 23/24 & 27 total of $30.898B in COMEX "trades" + What is COMEX how does it function and what does it represent: paper trading pricing for a physical asset

>>140873 Pf quick (rough avg) calculation of C02e for the G-7 to Madrid flights: 52.5 metric tone of Co2e

>>140875 WATCH LIVE: Jan. 6 House Committee Hosts Surprise Public Hearing to Detail New Evidence

>>140879 NYFRB Operations today: $2,258,973,000,000T for June 28,2022

>>140881, >>140885, >>140891 Ghislaine Maxwell sentenced to 20 years in prison for sex trafficking

>>140893 Signature ceremony with Türkiye🇹🇷,Finland 🇫🇮 & Sweden 🇸🇪, followed by NATO Secretary General

>>140897 U.S. Supreme Court reinstates Louisiana electoral map faulted for racial bias

>>140899, >>140903 Argentina has officially applied to become part of BRICS $4B from IMF on 0624

>>140906, >>140944 SAM332 USA G5 SW from Bangor ME ground stop-departed Stuttgart Int'l earlier today-SAM410 USAF G5 arrived at Teterboro Airport, NJ from JBA depart and back to JBA after 5 h20min on ground

>>140907 SPAR87 NATO G5 arrived at NB Rota after a ground stop at Madrid-Torrejon AB of about 45 minutes

>>140908 EWOK069 USAF KC-135 tanker up out of Marrakech, Morocco and this is probably the stand-by tanker for Potato since there is some awfully crowded airspace over central Spain-seems a bit far away at 800 miles or so but it's running the same trackin' pattern as a stand-by tanker would be doing'''

>>140909, >>140910 Inside plush ‘Disneyland’ prison with GARDENING course where Ghislaine Maxwell’s lawyer has requested she serve sentence

>>140912 SAM332 USAF G5 landed at Fort Knox, KY.....

>>140918, >>140920 Elmo ded-BBee and facepalm...CNN and fuggen puppets vax'd

>>140919 "Mule Votes" graphic-WI,PA,MI,GA

>>140921 Visa deposits $600 million into litigation escrow account that functions like a share buyback-doesn't have to announce a share buyback plan but effectively has one via this setup

>>140925 Colombian AF FAC0001 737 President Ivan Duque on this AC departed Lisbon after arriving on 0626 for an hour-dropped off some blow-then went to Porto/EWOK069 done and back to Marrakesh-had the Star Wars thang going on last three days

>>140930 PAT63 USAF G5 departed Ramstein AFB NW- PAT78 is still at RAF Northolt >>140781 pb + pf Theroy on where they may "take" JA upon the public show of extradition

>>140931 GOP taking primaries

>>140942 Chinese AF 11155 Y-20 appears heading SW out of China northeast of Lahore, Pakiland and heading west now towards Afghaniland border-Paki AF BURAQ306 G4 SW after Lahore departure

>>140945 U.S. rate rises hit Japanese megabanks' finances hard-Mizuho is a Primary Dealer with the NYFRB

think it's all there

ttyitm

good night muh fren