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Jun 1, 2025 |
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America First News
13 Jun 2023
#politics
The Epoch Times: Senate Committee Launches Probe Into LIV Golf and PGA Tour Merger
The Senate will investigate the partnership between LIV Golf and the PGA Tour after the PGA announced the establishment of a new commercial entity with Saudi Arabia's Public Investment Fund (PIF), which owns LIV. The committee seeks to understand the Saudi government's role in the deal and the risks posed by a foreign entity assuming control over a cherished American institution. The request covers the period from October 2021 to the present and includes all records and communications pertaining to the relationship between LIV Golf and PGA Tour.
Senators express concerns over the agreement between PGA and LIV Golf due to questions about the sudden shift in the PGA Tour's position and the influence of the Saudi government through PIF. PIF has expressed its intention to utilize sports investments to further Saudi Arabia's strategic objectives, leading to concerns about improving the country's global image despite its human rights record. Senators have called the agreement an outrage and betrayal of past commitments. The Senate Homeland Security Committee did not immediately respond to The Epoch Times's request for comment.
The Epoch Times: Opposition Leaders yet to Meet About Setting Terms of Possible Public Inquiry: Singh
Opposition leaders have not yet met to discuss the terms of reference for a possible public inquiry into foreign interference, but security experts believe that a new proposal will be a sticking point. The Liberal government has asked the opposition parties to find someone to lead the inquiry, set the terms of reference, come up with a timeline and determine how it will deal with sensitive information. The government would like their response this month but it seems unlikely to be complete before the next federal election in October 2025. Wesley Wark, a senior fellow at the Centre for International Governance Innovation, believes that it would take past the federal election even if the process is going to be taken seriously.
#society
The Epoch Times: Pandemic Cost NYC Nearly 475,000 Residents, Citing Decline in Quality of Life
New York City has lost nearly half a million residents since 2020 due to rising crime, remote work, and lockdown restrictions during the pandemic, with concerns over quality of life now a major issue. Many young professionals and wealthy taxpayers have fled to states like Texas and Florida, causing a massive loss in tax revenue for liberal states like New York. Despite recent population growth, rent prices have risen 15% year-over-year, causing further concerns.
#foreignaffairs
Fox News: LAURA INGRAHAM: The Pentagon spends time inventing imaginary enemies when we have real ones
Biden is distracting journalists from China building a spy post close to Miami & the US losing a war with Taiwan due to lack of weapons . The US military is facing a recruitment crisis due to cultural rot while Pentagon focuses on imaginary enemies instead of real ones .
#economy
The Epoch Times: Bill Relief, Free Kindy, Hospital Cash in Queensland Surplus Spend
Queensland's government has announced a historic surplus of $12.3 billion for 2022/23 due to a progressive royalties regime. The state has introduced a range of cost-of-living measures, including free kindergarten for four-year-olds and an increase in electricity bill rebates to $550 for all households. The government plans to reduce ambulance ramping and emergency department wait times by giving health funding a $2.3bn boost over the next few years and create 500 social homes with a $1.1bn increase for social housing. However, the royalties income is not expected to continue, with revenue forecast to sharply drop in 2023/24 as temporary surges in commodity prices unwind.
The Epoch Times: Commercial Real Estate Forecast Mixed, Office Continues to Slide, Other Sectors Thriving: UCLA Anderson
The commercial real estate market in the United States faces uncertainty due to recession fears and mixed signals from traditional economic bellwethers. Experts warn that the market for office space is suffering, with vacancies in the office sector leading to deeply discounted properties and an increasing rate of defaults. Conditions have changed in the leasing market, with companies now evaluating the creditworthiness of the landlord to prevent foreclosures from affecting long-term agreements.
Companies have realized they can operate with much smaller real estate footprints, which has lessened their costs while also draining downtowns of weekday workers. Meanwhile, fears persist that commercial real estate woes could lead to broader financial market instability due to the federal government's role in impacting the slope of the yield curve and the Federal Reserve's recent interest rate hikes contributing to the stress in lending. With a mild recession the most likely outlook, experts see positive signs in other commercial sectors, with industrial commercial real estate remaining the hottest of all sectors.