Iran and Saudi Arabia plan to reopen their respective embassies in Tehran and Riyadh within two months.
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@auraxchan
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European Commission President Ursula von der Leyen said that she agreed with President Joe Biden during a meeting at the White House to have a dialogue concerning incentives to the clean technology industry
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Aurax
Disgusting. @auraxchan
Told you, all mrna crap is coming from BLAST models, nothing is real.
Aurax
Disgusting. @auraxchan
Malone have access to isolated virus? asking for a fren.
Source close to Netanyahu accuses US of funding rallies against judicial overhaul
PM’s son shares Breitbart’s claim that State Department funded protest group; senior official says AG ‘irredeemably audacious’ for freezing transfer of Tel Aviv police chief
https://www.timesofisrael.com/source-close-to-netanyahu-accuses-us-of-funding-rallies-against-judicial-overhaul/
@auraxchan
PM’s son shares Breitbart’s claim that State Department funded protest group; senior official says AG ‘irredeemably audacious’ for freezing transfer of Tel Aviv police chief
https://www.timesofisrael.com/source-close-to-netanyahu-accuses-us-of-funding-rallies-against-judicial-overhaul/
@auraxchan
PacWest Bancorp stock plunges more than 42% in pre-market trade
First Republic stock sinks 66% in pre-market trade
@auraxchan
First Republic stock sinks 66% in pre-market trade
@auraxchan
Forwarded from Aurax
What Is a Fiscal Cliff?
The fiscal cliff refers to a combination of expiring tax cuts and across-the-board government spending cuts that create a looming imbalance in the federal budget and must be corrected to avert a crisis.
The idea behind the fiscal cliff was that if the federal government allowed these two events to proceed as planned, they would have a detrimental effect on an already shaky economy, perhaps sending it back into an official recession as it cut household incomes, increased unemployment rates, and undermined consumer and investor confidence. At the same time, it was predicted that going over the fiscal cliff would significantly reduce the federal budget deficit.
- The fiscal cliff refers to a critical imbalance in the federal government's revenues vs. obligations, creating a looming budget deficit shortfall if Congress does not act quickly.
- "Falling off" the fiscal cliff has been averted through new legislation that corrects for the shortfall or that authorizes greater levels of government debt, such as through the American Taxpayer Relief Act Of 2012.
- Because of the mechanics of the U.S. government and separation of powers of who can set fiscal vs. monetary policy, fiscal cliffs can emerge from time to time, but have never yet caused a serious financial crisis.
https://www.investopedia.com/terms/f/fiscalcliff.asp
@auraxchan
The fiscal cliff refers to a combination of expiring tax cuts and across-the-board government spending cuts that create a looming imbalance in the federal budget and must be corrected to avert a crisis.
The idea behind the fiscal cliff was that if the federal government allowed these two events to proceed as planned, they would have a detrimental effect on an already shaky economy, perhaps sending it back into an official recession as it cut household incomes, increased unemployment rates, and undermined consumer and investor confidence. At the same time, it was predicted that going over the fiscal cliff would significantly reduce the federal budget deficit.
- The fiscal cliff refers to a critical imbalance in the federal government's revenues vs. obligations, creating a looming budget deficit shortfall if Congress does not act quickly.
- "Falling off" the fiscal cliff has been averted through new legislation that corrects for the shortfall or that authorizes greater levels of government debt, such as through the American Taxpayer Relief Act Of 2012.
- Because of the mechanics of the U.S. government and separation of powers of who can set fiscal vs. monetary policy, fiscal cliffs can emerge from time to time, but have never yet caused a serious financial crisis.
https://www.investopedia.com/terms/f/fiscalcliff.asp
@auraxchan
Aurax
What Is a Fiscal Cliff? The fiscal cliff refers to a combination of expiring tax cuts and across-the-board government spending cuts that create a looming imbalance in the federal budget and must be corrected to avert a crisis. The idea behind the fiscal…
"but have never yet caused a serious financial crisis." lol