2023 @330AM, CDT

#politics

Fox News: Civil rights veteran calls Democrats' push for reparations a political ploy: ‘It’s about 2024’

Robert Woodson, a civil rights veteran who recently appeared on "Dr. Phil" denouncing reparations, has accused backers of the policy of attempting to gain support for the 2024 presidential race. Woodson called the call for reparations a "ploy" aimed at keeping the Black community in line and accused the movement of misusing "the rich legacy of the civil rights movement." Despite polls showing reparations remain unpopular, Democratic lawmakers have introduced a resolution calling for $14 trillion in reparations and California’s reparations task force recommended $1.2 million in payments to each qualified Black American.

Woodson believes the reparations movement is "lethal" to continue to direct attention away from the critical problems and challenges facing Blacks, highlighting that more Blacks are killed in one year by other Blacks than were killed in the 40 years by the Ku Klux Klan. Woodson also said that he doesn’t think reparations could work logistically because of the difficulty of accurately tracing family ancestry. He added that handing out large sums of money to descendants of slaves won't improve their lives, drawing a comparison to winners of the lottery, most of whom wish they'd never received the money.

Front Page Magazine: CBS Shows IRS Whistleblower Exposing Hunter Biden Investigation Abuses

Gary Shapley, an IRS official overseeing an “international tax” investigation, said the Department of Justice slow-walked the Hunter Biden probe. Shapley is a former National Security Agency officer who decided to document his concerns over how the probe was being handled. Shapley alleges in a letter that he was excluded from the investigation following a meeting with DOJ prosecutors. CBS News reported the story, which is striking given that the media has largely been uninterested in covering the Hunter Biden story.

#society

Fox News: Target in 'real, severe danger' after waving woke politics in customers' faces, critics warn

Target is facing backlash over its "Pride" products, specifically clothing for transgender women. Clay Travis called out the company, stating that it faces the risk of losing profits like Bud Light. Target has confirmed that it is making "adjustments" to its products after threats and confrontational behavior towards employees. Travis believes that boycotts against companies like Target will force them to become less politically-driven and more centered towards the middle. Other conservative commentators agree, stating that companies are promoting transgender ideology and targeting children.

#economy

Forbes: Surge In Spending Sends Saudi Budget Back Into The Red

Saudi Arabia's Q1 budget showed a deficit of SR2.9bn ($770m) as spending rose 29% YoY while oil revenues fell 3%. Government revenues rose 1%, helped by strong receipts from VAT and other levies, which totalled 9%. While a spike in spending was broad-based, capital expenditure rose 75%, whilst public sector wages rose 7%, despite official data showing a fall in civil service employment in 2022. This has led analysts, such as local bank Jadwa Investment, to suggest wage inflation combined with additional end-of-service payments have triggered the increase. Consequently, Jadwa predicts the government will run a deficit for the year as a whole.

#health

The Epoch Times: Peloton the Rebrand: High End Exercise Bike Maker Says It’s Now a Health Company for All

Peloton is shifting its brand from luxury exercise equipment to health technology for all, with tiered memberships priced from $12.99 to $24 per month. The company will focus on software and an app-based service, an initiative spearheaded by CEO Barry McCarthy, who took over from founder John Foley a year ago. McCarthy's aim is to expand Peloton's customer base beyond fitness enthusiasts and high-priced equipment to a wider audience. The company experienced enormous growth in 2020 during the pandemic but saw sales slow in 2021 as people ventured out of their homes, including to gyms.

#technology

The Epoch Times: Apple Inks Multi-Billion-Dollar Deal With Broadcom for US-Made Chips

Apple has signed a new deal with chipmaker Broadcom to produce 5G radio frequency components made in the US in several facilities, including in Fort Collins, Colorado. The deal is expected to be worth billions of dollars, though neither party has disclosed the exact terms. Broadcom saw its stocks rise by 2.2% off the back of the announcement, while Apple is seeking to diversify its supply chains as it looks towards a new factory being built by Taiwan Semiconductor Manufacturing Co. in Arizona. The two firms have also previously worked together on a $15bn agreement, which came to an end in June.

#other

Fox News: Harrison Ford, Arnold Schwarzenegger, Johnny Depp still power players in Hollywood film industry

- Despite Hollywood's shift away from the muscly male archetype, older actors like Harrison Ford, Arnold Schwarzenegger, and John Travolta remain big draws at the box office due to their authenticity and ability to connect with audiences of all ages. Sylvester Stallone and Nicolas Cage, both in their 70s, are also continuing to earn praise for their on-screen performances and upcoming film projects. With their star power transcending time, these veteran actors are proving that Hollywood is not just a young man's game. Meanwhile, Matthew McConaughey is poised for a major comeback with his upcoming "Yellowstone" spinoff and crime drama being shopped at Cannes.

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