Trump Admin Restores Tougher Citizenship Test Scrapped By Biden Trump Admin Restores Tougher Citizenship Test Scrapped By Biden The Trump administration is reviving a tougher version of the civics test that all prospective U.S. citizens must pass, as part of what officials describe as a “multi-step overhaul” of the naturalization process. image The changes, on Sept. 17, largely restore the Naturalization Civics Test to a longer, tougher format implemented in late 2020, near the end of President Donald Trump’s first term. That version was discarded in 2021, shortly after President Joe Biden took office. Under the revised test, applicants will need to answer 12 out of 20 questions correctly, rather than six out of 10, according to a from U.S. Citizenship and Immigration Services (USCIS). The pool of potential 📄.pdf has also been expanded from 100 to 128, with fewer that have simple, sometimes one-word answers. Officials say that about 75 percent of the questions remain the same or similar, and the other 25 percent covers new material. The new questions include ones on the 10th Amendment, the significance of the Federalist Papers, the achievements of President Dwight D. Eisenhower, the nature of Veterans Day and Memorial Day, the meaning of the national motto “E pluribus unum,” and examples of American innovation, such as the light bulb and the moon landing. Some existing questions have altered acceptable answers. For instance, the current model answer to “Who does a U.S. Senator represent?” is “all people of the state.” On the revised test, the correct answer is limited to “citizens” of the state. As before, the test will be given orally during an applicant’s citizenship interview. A key difference, however, is that immigration officers will be required to ask only as many questions as needed to determine whether an applicant has passed or failed. The current rule requires them to ask all 20 questions, even if the outcome might already be clear. The new test will apply to applicants who file on or after Oct. 20. “American citizenship is the most sacred citizenship in the world and should only be reserved for aliens who will fully embrace our values and principles as a nation,” USCIS spokesman Matthew Tragesser said in the Sept. 17 statement announcing the changes. He added that the revisions are necessary so that “the American people can be assured that those joining us as fellow citizens are fully assimilated and will contribute to America’s greatness.” “These critical changes are the first of many,” Tragesser said. The current version of the civics test was introduced in 2008. Applicants who fail are given one additional opportunity to pass. Those who are at least 65 years old and have lived in the United States as permanent residents for 20 years or more may take a simplified test drawn from a pool of just 20 questions, in their preferred language. According to USCIS, as of 2022, more than 92 percent of applicants the test on their first attempt. Director of USCIS Joseph Edlow has argued that the test is “just too easy” and suggested it might be better to shift from an oral exam to a written, standardized format. “We’re going to make the test harder in terms of making the questions a little bit more thought-provoking,” Edlow at a Sept. 4 event hosted by the Center for Immigration Studies in Washington, adding that he is “looking at other potential ways to move forward.” “Applicants would come in a different day and actually have to do that, and write an essay on what does it mean to me to be an American, and let’s see what people actually understand. “Because being able to be coached through this process right now is not something that should be allowed and that should be that easy. And I’m seeing it, unfortunately.” Fri, 09/19/2025 - 12:25
Rand Paul Wrecks Ousted CDC Director Over Kids' Vaccines Rand Paul Wrecks Ousted CDC Director Over Kids' Vaccines In a much anticipated public appearance, Susan Monarez, the former head of the Centers for Disease Control and Prevention, attempted to defend her short tenure at the embattled public health agency. image Things did not go well for her from the start ( ): Senator Dr. Roger Marshall delivered a stunning rebuke to the CDC, exposing them as the primary cause of vaccine hesitancy. He laid out the truth: by forcing unjustified COVID vaccines and an unnecessary Day-1 hepatitis vaccine on every American, the CDC has shattered public trust. Their one-size-fits-all mandate is not science—it’s tyranny, forcing doctors to abandon their oaths and patients to abandon their doctors. Marshall champions medical freedom, praising the miracles of proven vaccines like Polio and MMR while condemning the CDC's corrupt, blanket mandates. This is the philosophy of reason, the mission of the President, and the future that RFK Jr. fights for. Senator Dr. Roger Marshall delivered a stunning rebuke to the CDC, exposing them as the primary cause of vaccine hesitancy. He laid out the truth: by forcing unjustified COVID vaccines and an unnecessary Day-1 hepatitis vaccine on every American, the CDC has shattered public… — Camus (@newstart_2024) After Monarez got a few softball questions from Bernie Sanders and others, Senator Rand Paul stepped in with the tough ones. He started with the basics - asking if the COVID vaccines actually stop transmission. PAUL: “Does the COVID vaccine prevent transmission?” MONAREZ: “The COVID vaccine can reduce viral load in individuals who are—” PAUL: “Does it prevent transmission?” MONAREZ: “When you have reduced viral load… you will have reduced transmission.” PAUL: “But in other words, it DOESN’T prevent transmission. You can still transmit the virus if you’ve had the vaccine.” Paul then turned to children. He asked Monarez if the COVID vaccine was indicated for kids. She repeated the same line—that “it can” reduce hospitalization and death. But Paul wasn’t letting it slide. PAUL: “Does the COVID vaccine reduce hospitalization for children under 18?” MONAREZ: “It can.” Paul fired back. “It doesn’t. The statistics are inconclusive. And the reason you can’t prove that it does is there’s so few people under 18 that go to the hospital. The numbers are extraordinarily small.” When he pressed further about whether the vaccines reduce death in children, Monarez again answered, “It can.” That’s when Paul shut it down. He pointed to the real risk children face—not COVID, but myocarditis. “You find that there is a risk of myocarditis, a significant event [in young men and boys]. It’s somewhere between 6 and 8 in 10,000. But that’s much greater than the risk of hospitalization or death, which are not even measurable because they’re so small.” From there, Paul moved on to the hepatitis B vaccine. Monarez tried to pivot, but Paul wasn’t letting her off the hook. She couldn’t come up with a single argument in favor of giving Hep B on the first day of life, looking like a deer in headlights when Paul asked her the question. Rand Paul just grilled ousted CDC official Susan Monarez and exposed the truth about the COVID vaccine on the record. This was an EPIC moment on Capitol Hill. While Big Pharma Senators spent their time praising Monarez, Paul cornered her and demanded answers. And when she… — Vigilant Fox 🦊 (@VigilantFox) Then, Paul gets to the root of the issue behind why Susan Monarez was let go from the CDC. ( ) You could feel it…the moment everything changed. It was about one thing: the childhood vaccine schedule. And Senator Paul made it clear that this is the debate the public deserves to have. Paul: “So you resisted firing people who have this idea that the COVID vaccine should be at six months. That’s what this is about. You didn’t resist firing the beautiful scientists that are career people and un-objective and unbiased.” “You wouldn’t fire the people who are saying that we have to vaccinate our kids at six months of age. That’s who you refuse to fire.” Monarez: “So that assertion, is not commensurate with the experience that I had with the individuals who are identified to be fired.” Paul: “Did any of the people you refused to fire believe that we should change the vaccine schedule and no longer force six-month-old kids to take it?” “Every one of them was adamant we should keep it at six months.” Then Paul dropped a question that stopped the room cold: “What is the medical reason to give a Hepatitis B vaccine to a newborn whose mom has no hepatitis?” Monarez: “So none of the discussion points that you just brought up were ever…” Paul: “That’s changing the childhood schedule.” “This is the debate over changing the childhood schedule. The Hepatitis B vaccine on the schedule is given to newborns.” “What is the medical scientific reason and proof for giving a newborn a Hepatitis B vaccine? If the mom is Hep B negative?” Monarez: “I want to go back to the assertion…” Paul: “What is the medical reason for giving a Hepatitis B vaccine to newborn?” “See, everybody’s like blithely going along. We can’t change the childhood and you’re somehow terrible if you want to change the childhood, we should be discussing what is the childhood vaccine schedule.” “The burden should be on you. You want to make all the kids take this. The burden is upon you and the people you wouldn’t fire to prove to us that we need to give our six-month-old a COVID vaccine, and that we need to give our one-day-old a Hepatitis B vaccine.” “That’s what the debate ought to be about, not whether all vaccines are good or whether we live in Alice in Wonderland.” Watch the entire exchange here and judge her level of smugness for yourself... Rand Paul gets to the root of the issue behind why Susan Monarez was let go from the CDC. You could feel it...the moment everything changed. It was about one thing: the childhood vaccine schedule. And Senator Paul made it clear that this is the debate the public deserves to… — Vigilant Fox 🦊 (@VigilantFox) Paul wasn't alone in his destruction of Monarez' credibility as Senator Markwayne Mullin exposing her for the dishonest operative she is. Her story completely unravels ( ) Here’s the brutal takedown: 1/ Mullin establishes the foundational truth: She served at the will of the President. His power to remove her is absolute, rooted in the Constitution. She AGREES. This isn't about the "why" of her firing—it's about her credibility afterward. 2/ The timeline of her legal counsel becomes the first major crack. When did she first SEEK counsel, not just retain it? She suddenly "can't recall." Mullin doesn't buy it: "Maybe you should recall them, because I think you might have an honesty issue here that we want to point out." 3/ She claims she spoke to attorneys "on or before the day I was fired." A classic non-answer. Mullin pounces, forcing her to admit she retained them the very first time she spoke to them. An incredibly unusual and rushed move for a high-level official. 4/ Then, the time of the firing: A late-night email. Mullin’s killer question: "So you got all the attorneys late at night? You got hold of attorneys after business hours to retain them?" Her response? The familiar "I don't recall." Mullin: "I think you do." 5/ The Senator highlights the absurdity: "It wasn't that long ago, and I think I could recall when I hired an attorney." The evasion is blatant. The pattern of deception is clear. 6/ Next, she's caught in another web regarding removing political appointees from her floor. She plays dumb, claiming she doesn't understand the question. Mullin calls her out: "This isn't hard. You talk in circles and I just want an answer, because you know." 7/ The FINAL BLOW: The "trust" conversation with the Secretary. She claims the Secretary said he "could not trust" her. Mullin reveals the truth: "That isn't how that conversation went. And you know that, don't you?" He indicates the meeting was recorded, catching her in a lie. 8/ Mullin’s closing is a masterpiece. He compares her to his children, stating the core principle of truth: "The minute I can't tell you're being honest with me, I can't trust you. And then on, everything you say is questioned." This was a surgical dissection of a witness who believed she could obfuscate and mislead under oath. Senator Mullin exposed a calculated narrative built on a foundation of sand. This is why oversight matters. This is accountability. Senator Markwayne Mullin absolutely DESTROYS fired CDC Director Dr. Susan Monarez in a congressional hearing, exposing her for the dishonest operative she is. Her story completely unravels. Here’s the brutal takedown: 1/ Mullin establishes the foundational truth: She served at… — Camus (@newstart_2024) Our message to her is simple: ...never go full smug-tard! Fri, 09/19/2025 - 12:05
Teaching The Three Rs: Clinton & Weingarten Return To Republicans, Rage, & Recrimination As Schools Continue To Decline Teaching The Three Rs: Clinton & Weingarten Return To Republicans, Rage, & Recrimination As Schools Continue To Decline Many people are calling out former Secretary of State Hillary Clinton for a posting supporting American Federation of Teachers (AFT) chief Randi Weingarten’s new book in which she paints her political opponents as “fascists.” image The timing was flagged as, at best, tone deaf in the wake of the assassination of Charlie Kirk by a shooter who wrote fascist references on his bullets and was clearly radicalized by such rage rhetoric. For me, the timing was most notable in how Weingarten and Clinton are again pushing their extreme rhetoric as a new report emerged showing the utter failure of our schools to actually educate our children. Weingarten and Clinton cannot be bothered by the long-standing declines in education. They are returning to the three Rs: Republicans, Rage, and Recrimination. Weingarten is “credited” with turning the teacher’s union into an extension of the Democratic Party, often appearing at political rallies with her signature high-volume screeds: Clinton pushed the use of education to paint opponents as fascists: “Congratulations to my friend [Weingarten] on ‘Why Fascists Fear Teachers.’ From banning books to controlling curriculum, authoritarians go after public education because it’s a cornerstone of democracy.” Schools have become the cornerstone of a political strategy as opposed to actual education. As Weingarten and Clinton were pushing the fascism attacks, a new study showed just how badly teacher’s unions and administrators have failed our students. While Weingarten and other unions have   into democratic  and liberal campaigns, they have done little to improve education for millions of students. High school   from the National Assessment of Education Progress. The new report, known as the Nation’s Report Card, shows almost half of high school seniors are now testing below basic levels in math and reading, and approximately 35% are at or above a proficient reading level, while 32% of them had a below “basic” reading proficiency. In math, only about 22% of 12th graders are performing at or above proficiency standards. A review of eighth graders and their science ability found 31% of them were performing at proficient or above proficient standards. However, it is time to again attack your opponents as fascists in the name of education. Teachers and school boards are killing the institution of public education by treating children and parents more like captives than consumers. They are force-feeding social and political priorities, including  . Faced with   in the name of “equity.” At the same time, we have previously discussed   “to level the playing field” for minority students. The result is that colleges and universities are dealing with students who lack proficiency in basic subjects. This year, Harvard University was forced to   for its students due to falling scholastic standards. The problem with a new diatribe about fascists is that many of your students may have little understanding of that term. 📄.pdf  has also been failing for years. Fri, 09/19/2025 - 11:45
Trump Hails 'Very Good' Call With Xi: 'I Appreciate The TikTok Approval' Trump Hails 'Very Good' Call With Xi: 'I Appreciate The TikTok Approval' Chinese President Xi Jinping has remarked on his 'positive and pragmatic' call with President Trump on Friday mid-morning (US local), saying also that he urged the US administration to avoid restrictive trade measures. Also of note is that he conveyed to Trump that he respects the wishes of companies as they pursue a finalized agreement on the sale of the US operations of ByteDance, as part of a broader deal rolling back some tariffs and export restrictions, Xinhua writes. But the Chinese side suggests no breakthrough. image Xi stipulated that the TikTok dispute should be resolved via 'market rules', according to state media - again, suggesting he's open to the US plan. US Treasury Secretary Scott Bessent has indicated that negotiators recently reached a framework agreement on the popular social media app's ownership - however key questions remain even as talks appear to near toward a goal line. Significantly, this is the first time the two have spoken directly since June, amid an ongoing standoff over trade restrictions centered on vital industries such as semiconductors and rare earths. As for Trump's initial reaction, he quickly posted on Truth social that "progress" was made on trade, Fentanyl, TikTok, and brining the Russia-Ukraine war to an end. image He went so far as to hail the call as "a very good" one and that "[I] appreciate the TikTok approval." developing... Fri, 09/19/2025 - 11:30
Nuclear Stocks Surge With Trump's Uranium Enrichment Plan Due Today Nuclear Stocks Surge With Trump's Uranium Enrichment Plan Due Today For those wondering why uranium stocks and the entire nuclear complex is exploding higher today, this may have something to do with it. Recall back in May, President Trump ") aimed at reviving America’s nuclear energy sector and reducing dependence on foreign suppliers for uranium and advanced reactor technology. The sweeping directive, signed on May 23, 2025, laid out an aggressive timeline for federal agencies to produce plans, reports, and policy recommendations—some of which are now coming due this week. Specifically, the order's requirement that the President be given a plan to expand domestic uranium conversion and enrichment capacity within 120 days (from May 23, 2025) is due tomorrow, but since that's a Saturday, it's very likely that the announcement will come some time later today.  The order otherwise emphasized the need to accelerate the United States’ nuclear capabilities in the face of global competition and national security concerns. It tasked the Department of Energy (DOE), in coordination with the Departments of Defense, Transportation, and Labor, among others, with rebuilding the nuclear fuel cycle, expanding uranium enrichment and reprocessing capabilities, and jumpstarting the construction of new nuclear power plants. image Key deadlines outlined in the order include: 30 days: DOE was required to initiate voluntary agreements with domestic nuclear companies to secure fuel supply chains. 90 days: DOE had to update its uranium management policy, aligning it with national security and energy independence goals. 120 days (this Saturday, September 20, 2025): A plan to expand domestic uranium conversion and enrichment capacity was due, along with steps from the Departments of Labor and Education to boost training and apprenticeships in nuclear energy careers. 240 days: DOE, working with Defense and other agencies, must deliver a comprehensive report to the President. This report is expected to recommend a national policy for managing spent nuclear fuel, evaluate recycling and reprocessing programs, and propose ways to strengthen U.S. nuclear supply chains and waste disposal strategies. The executive order also set ambitious goals for the industry: adding 5 gigawatts of power uprates to existing reactors and ensuring that 10 new large reactors are under construction by 2030. The results due this week—particularly the 240-day report—are seen as critical for shaping the nation’s nuclear energy strategy for the next decade. Policymakers, industry leaders, and international observers will be watching closely to see whether the administration’s push translates into actionable steps and sustained investment. Certainly, the stock market seems to think so today. And we believe that if implemented successfully, the order could mark the most significant federal intervention in the U.S. nuclear industry in decades, aiming to ensure energy independence, strengthen national security, and secure America’s role in the global race for advanced nuclear technology. Fri, 09/19/2025 - 11:00
The Real Story Behind Jimmy Kimmel's Firing The Real Story Behind Jimmy Kimmel's Firing After Wednesday's decision by Disney / ABC to fire late-night host Jimmy Kimmel for lying about the suspect in Charlie Kirk's assassination, the left (the architects of cancel culture) exploded with rage - saying that Kimmel's firing was because major affiliate Nexstar needs the FCC to sign off on its $6.2 billion acquisition of Tegna.  image To recap, during Kimmel's opening monologue on Monday, he suggested that Tyler Robinson - the 22-year-old charged in the fatal shooting at Utah University - was aligned with conservatives. “The MAGA gang [is] desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them." By Wednesday, he was fired - leading to cries of censorship and 'free speech' by the left, which is hilarious. Yet, according to an insider report by the Wall Street Journal, Kimmel's ouster was prompted by an immediate revolt by viewers and affiliate networks including Nexstar, and concerned advertisers.  Advertisers and affiliates soon called the network expressing concern about Kimmel’s show... -https://www.wsj.com/business/media/jimmy-kimmel-decision-behind-the-scenes-e1ecbbf2?mod=djemalertNEWS "Mr. Kimmel’s comments about the death of Mr. Kirk are offensive and insensitive at a critical time in our national political discourse, and we do not believe they reflect the spectrum of opinions, views, or values of the local communities in which we are located," said Andrew Alford, president of Nexstar's broadcasting division. "Continuing to give Mr. Kimmel a broadcast platform in the communities we serve is simply not in the public interest at the current time, and we have made the difficult decision to preempt his show."  Federal Communications Commission Chairman Brendan Carr blasted Kimmel on Wednesday, telling podcaster Benny Johnson that Kimmel's comments were "truly sick," and that there's a "strong case" for legal action against both ABC and Disney (ABC is a Disney subsidiary). "This is a very, very serious issue right now for Disney," said Carr. "These companies can find ways to take action on Kimmel or there is going to be additional work for the FCC ahead." BREAKING: The FCC Chairman is threatening immediate action against Jimmy Kimmel, ABC, and Disney for deliberately misleading the public by claiming Charlie Kirk’s assassin was a MAGA Conservative. Chairman Brendan Carr calls Kimmel’s malicious lies are “truly sick” and says they… — Benny Johnson (@bennyjohnson) https://twitter.com/bennyjohnson/status/1968359685045838041?ref_src=twsrc%5Etfw Yet according to Nexstar, Carr's comments weren't a factor. "The decision to preempt ‘Jimmy Kimmel Live!’ was made unilaterally by the senior executive team at Nexstar, and they had no communication with the FCC or any government agency prior to making that decision," a Nexstar spokesman said.  Disney executives weighed whether Kimmel should address the controversy directly on Wednesday night’s program. According to people familiar with the matter, Dana Walden, co-chairman of Disney Entertainment, and Chief Executive Robert Iger decided his planned remarks risked inflaming the situation further. After the conversation between Kimmel and Walden, she and other senior executives thought that the star’s approach could make the situation worse, people familiar with their conversations said. Executives also discussed staff safety, including threatening emails staff on Kimmel’s show had received after Carr’s remarks and the posting of some of their personal information online, the people said. Walden huddled with her team and Disney Chief Executive Bob Iger before the two executives decided to temporarily take “Jimmy Kimmel Live!” off the air, the people said. She then informed Kimmel of the decision. -WSJ According to a person close to the show, Kimmel was planning to say that MAGA was purposefully twisting his words. So, another lie.  Industry and Political Response Hollywood unions and producers criticized Disney’s move, calling it corporate capitulation. Damon Lindelof, co-creator of the ABC drama Lost, said he would not want to work for a company that sidelined Kimmel. Former late-night host David Letterman described the decision as “managed media” and warned of broader consequences. “We all see where this is going, correct? It’s managed media. And it’s no good,” David Letterman, the former late-night host, said at an Atlantic magazine event Thursday. Actor Ben Stiller said "This isn't right," to which Elon Musk replied "He went full retard. Never go full retard."  This isn’t right. — Ben Stiller (@BenStiller) Democratic lawmakers and former President Barack Obama accused the Trump administration of censorship, while Trump applauded the decision and urged other networks to follow. “They give me only bad press, but they’re getting a license,” he told reporters aboard Air Force One. Some media critics said Kimmel’s benching, coupled with CBS’s recent decision to cancel its late-night show hosted by frequent Trump critic Stephen Colbert when its season ends in May 2026, will lead shows to self-censor.  Kimmel’s removal comes as CBS prepares to sunset Stephen Colbert’s late-night program in 2026. Media critics say the combination of events could have a chilling effect on political commentary in late-night television. “The degree of capitulation going forward will to some extent be a function of what kind of financial cudgel the administration has to wield,” said Lee Levine, a retired media lawyer. “Whenever the cudgel has been pretty significant, sooner or later the network caved in the recent past.” For Disney, the choice to take Kimmel off the air was the product of overlapping political pressure, regulatory risk, affiliate revolt, and advertiser anxiety - a convergence that left little room for delay. By late Wednesday afternoon, the decision was made: Jimmy Kimmel Live! would be “preempted indefinitely.” Of course, who was even watching? HOLY SHIT Kimmel was ONLY Getting 129,000 Viewers hahahahah I can post a picture of a cat and get more views than that — Tim Pool (@Timcast) Also, https://x.com/dom_lucre/status/1968832066549686314 Fri, 09/19/2025 - 10:45
House Republicans Introduce Bill To Change Federal Reserve's Dual Mandate House Republicans Introduce Bill To Change Federal Reserve's Dual Mandate Reforms may be on the horizon for the Federal Reserve System, as a new bill aims to alter the U.S. central bank’s dual mandate. image House Republicans, led by House Committee on Financial Services Chairman French Hill (R-Ark.), the Price Stability Act of 2025, a bill that would end the twin mandate, ensuring the Federal Reserve concentrates primarily on containing inflation. “For too long, the Federal Reserve has been stretched between competing objectives. It’s time to return to a clear, singular focus: protecting the wallets of American families by keeping inflation in check,” Hill said in a statement. In 1977, Congress formally introduced the twin mandate of ensuring maximum employment and price stability through an amendment to the Federal Reserve Act of 1913. The broader legislative initiative emerged as the U.S. economy struggled with higher unemployment, rising inflation, and volatile GDP growth rates. Now, a chorus of GOP lawmakers says the institution’s expanding regulatory and supervisory purview over the years is hindering the central bank’s efforts to stabilize prices and threatening the central bank’s independence. “Expanding its regulatory reach through unaccountable international agreements or otherwise ill-defined third and fourth mandates, distracts the Fed from doing its congressionally mandated job well,” Rep. Frank Lucas (R-Ok.), head of the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force. “The Fed’s actions must stay squarely within congressional intent.” It is unclear how much broad support there is in the upper chamber for reforming the dual mandate. Rep. Thomas Massie (R-Ky.) told The Epoch Times that he would support removing all mandates and “just eliminate it ... get rid of the Fed.” “The fact that they’re trying to do something to it means that it is broken,” he said. The legislative proposal from GOP lawmakers comes soon after the Fed completed its review of its monetary policy framework, which, in part, examined the dual mandate. Fed officials agreed to return to flexible inflation targeting in the policymaking blueprint and abandoned the “makeup strategy,” a key component of the 2020 framework. “The document continues to explain how we interpret the mandate Congress has given us and describes the policy framework that we believe will best promote maximum employment and price stability,” Fed Chair Jerome Powell said last month in his speech at the central bank’s annual Jackson Hole retreat. “We continue to believe that monetary policy must be forward looking and consider the lags in its effects on the economy.” Talking Reforms to the Federal Reserve In recent months, several senior administration officials and economic observers have recommended a full review of Fed operations. Earlier this month, Treasury Secretary Scott Bessent penned an 📄.pdf titled “The Fed’s New ‘Gain-of-Function’ Monetary Policy.” The piece was a sharp critique of how the Federal Reserve has evolved since the 2008 global financial crisis. Bessent, who has been a frequent critic of the century-old entity over the past year, stated that the Fed has engineered new powers, pointing to, for example, quantitative easing—an unconventional monetary policy tool that consists of creating ultra-low interest rates, buying government bonds, and injecting liquidity into the U.S. financial system. According to Bessent, the Fed has distorted financial markets, diminished independence, and manufactured adverse consequences for the economy. “Overuse of nonstandard policies, mission creep, and institutional bloat are threatening the central bank’s monetary independence,” Bessent wrote. He proposed a full-scale “honest, independent, and nonpartisan review” of the entire Federal Reserve System, such as monetary and regulatory policymaking, communications, staffing, and research. Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee on Capitol Hill in Washington on June 11, 2025. Madalina Vasiliu/The Epoch Times Others have also called for reviewing and reforming the U.S. central bank. Most notably, former Fed Governor Kevin Warsh, who is on the short list to replace Fed Chair Jerome Powell next year, suggested a “regime change” at the institution. “The credibility deficit lies with the incumbents that are at the Fed, in my view,” Warsh said in a July 17 with CNBC’s “Squawk Box.” He also suggested an alliance between the Federal Reserve and the Treasury Department, similar to the one that occurred in . Both institutions agreed to liberate the Fed from the Treasury’s control, allowing it to conduct monetary policy independently of executive intervention. The Fed had been pressured during World War II to keep interest rates artificially low to help fund war efforts with cheap debt. A burst of inflation occurred after the war’s end, but it was not until after the accord that the Fed started tightening monetary policy. Warsh said a new arrangement should enable the Fed and the Treasury to communicate their objectives to the financial markets. “We need a new Treasury-Fed accord, like we did in 1951, after another period where we built up our nation’s debt, and we were stuck with a central bank that was working at cross purposes with the Treasury. That’s the state of things now,” he said. “So if we have a new accord, then the Fed chair and the Treasury secretary can describe to markets plainly and with deliberation, ‘This is our objective for the size of the Fed’s balance sheet.’” A March 2024 by the Manhattan Institute, co-authored by Fed Governor Stephen Miran, suggested a series of reforms to strengthen independence and recalibrate “the Fed’s governance to ensure that it remains insulated from day-to-day politics.” The paper proposed reforming term limits, closing the revolving door between the executive branch and the Fed, addressing the FOMC voting structure, and bolstering the “influence and independence” of regional central banks. “Only by providing for both accountability and a reliable measure of independence can the Fed restore its reputation in the eyes of the public,” the report stated. A recent Economist–YouGov 📄.pdf found that only 45 percent of Americans trust the Federal Reserve to handle the U.S. economy, with thirty-three percent approving of the job Powell is doing as head of the central bank. At the Sept. 17 post-meeting press conference, when asked if he would support an independent review, Powell signaled he was open to the idea. “We’re certainly open to always trying to do better,” Powell said. The Fed followed through on its first rate cut of the year at the September Federal Open Market Committee policy meeting. Officials voted 11–1 to reduce the benchmark federal funds rate by a quarter point to a target range of 4.00 percent to 4.25 percent. The rate-setting FOMC will convene its next two-day policy meeting on Oct. 28 and 29. Fri, 09/19/2025 - 10:25
BOJ Shocks Market With Start Of ETF Selling As It Keeps Rates Unchanged BOJ Shocks Market With Start Of ETF Selling As It Keeps Rates Unchanged With nobody expecting a rate hike by the BOJ today (although many were looking for hints of an October move), the Japanese central bank did not surprise markets and it held rates unchanged at 50bps (although in a notable twist, 2 BOJ members dissented hawkishly, seeking a rate hike). Where there was a notable surprise however, was in the BOJ's decision to take another step toward policy normalization, announcing it would start to offload its massive ETF holdings while keeping the door open to further hikes this year including in October. The central bank announced early on Friday it will start selling its well over ¥75 trillion ($508 billion) stockpile of ETFs by market value at a pace of about ¥330 billion in book value per year (and about double that in market value). Indicatively, the pace was smaller than what Goldman economists had projected: ¥600 billion per year (book value; about ¥1.1 trillion at market value), or twice that pace at ¥1.2 trillion per year (about ¥2.3 trillion at market value) over roughly 30 years. image While at the BOJ's proposed rate it would take more than a century to sell, stocks fell as it marked the first time the BOJ has laid out a plan for offloading the assets accumulated over years of ultra-easy monetary policy. Sales could begin early next year, Bloomberg reported citing a person familiar with the matter. In any case, the glacial pace of selling will take a loooooong time because the BOJ is terrified markets can frontrun its liquidations and send the local stock market crashing.  “We won’t be here in 100 years’ time,” Governor Kazuo Ueda said at a post-decision news conference. “But our intention is to keep selling for more than 100 years.” Of course, by then Japan - whose demographic collapse is truly staggering - will be some 60% smaller... image ... while its ETF pile will be at best a few percent less.   The 7-2 vote to keep its policy rate at 0.5% also marked the first time there were two dissenters (Takata and Tamura) against a hold decision since Ueda took office in 2023 voting to raise rates instead, showing that pressure is building for Japan to raise interest rates. While the outcome on rates was expected by all 50 economists surveyed by Bloomberg, anticipation for a move is set to build ahead of the next policy meeting on Oct. 29–30. Ueda’s comments during his news conference didn’t obviously rule out an October hike, instead noting that the BOJ still needed to parse various data before making a decision. After three consecutive rate hikes since the start of 2024, the second of which sparked the biggest crash in Japanese stocks since Lehman, the BOJ has gotten cold feet and kept rates on hold since January. image Following the announcement, BOJ Governor Ueda did not provide much clarity during his press conference, saying Japan's economy is recovering moderately, albeit with some weakness; will continue to raise policy rate if economy and prices move in line with forecast. On the economy: Downside risks to economy still present. On policy: Not considering changing pace of ETF sales to adjust monetary policy. Not thinking now of repurchasing ETFs as monetary policy tool. Decision on timing of next rate hike would depend on the risk of US tariff impact materialising and the course of food inflation. On trade/tariffs: The domestic economy is withstanding tariff impact. Tariff costs likely to be passed down to consumers in the US from November. Not seeing negative impact in Japan's economy from US tariffs. Overall, it seems that an October move is on the cards assuming that data, October 1st Tankan in focus, presents no surprises and the October 4th LDP leadership contest occurs without a major curveball; helpfully, Ueda is scheduled to speak on October 8th. “Ueda’s press conference didn’t provide any clear direction. In other words, he didn’t rule out an October rate hike either,” said Hideo Kumano, economist at Dai-Ichi Life Research Institute. “I believe December is the next timing for a rate hike, but I think it’s entirely possible it could happen in October.” Taken together, Bloomberg writes that "the central bank’s moves Friday highlighted further progress in Ueda’s normalization campaign." Since taking over the reins at the BOJ in spring 2023, the governor has taken multiple steps to unwind the massive easing program conducted under his predecessor Haruhiko Kuroda, and the fate of ETFs was the last major question still remaining. To put the announcement in context, The BOJ’s ETF holdings are worth around ¥37 trillion by book value and was about ¥70 trillion at market value at the end of March. It became the single biggest holder of Japanese stocks around 2020 during its massive monetary easing program, which ended last year. image While the bank stopped its regular buying of ETFs some time ago, the value of its holdings has continued to rise as the stock market hit record highs earlier this week. The Nikkei 225 has gained around 26% since the start of this fiscal year. The lack of rate action on Friday was widely expected after Prime Minister Shigeru Ishiba’s resignation declaration kicked off a race for his successor, roughly a year after the last leadership election. From an economic perspective, BOJ officials are still assessing the impact of US tariffs both at home and abroad even after Japan managed to solidify its US trade deal, people familiar with the matter told Bloomberg earlier. It may be possible to raise rates again this year regardless of domestic political uncertainty given current economic conditions. Friday’s policy statement reiterated the BOJ’s projection that inflation is likely to be in line with its goal in the second half of its three-year projection period, in another signal of the bank’s continued progress toward another rate hike. Board members Hajime Takata and Naoki Tamura proposed raising rates to 0.75%, each citing a different reason to do with inflation. “We don’t necessarily have to see all of the data through to the end,” Ueda said on judging the impact of tariffs on the US economy for example. “We probably have no choice but to move based on what we forecast based on data that keep coming in.” The BOJ's ETF surprise hit Japanese stocks, which erased earlier gains, with the Nikkei-225 gauge closing down 0.6%. Bonds fell, sending yields on two-year and 10-year government bonds higher as expectations increased for a future rate hike from the BOJ. In the swaps market, the chance of a hike by the BOJ at the next meeting at the end of October increased to more than 50%, and the yen made gains against the dollar which were later mostly erased.     d Fri, 09/19/2025 - 10:05
Apple iPhone 17 Buyers Beware: These Colors Scratch The Easiest Apple iPhone 17 Buyers Beware: These Colors Scratch The Easiest Apple's iPhone 17 hit store shelves worldwide on Friday, from New York to London to Beijing. The buzz around Apple's latest handset prompted Goldman to brief clients earlier this week that lead times suggest "strong demand." However, less than a day into the launch in China, and perhaps serving as a warning sign for U.S. consumers, buyers are already complaining on social media platforms that the new iPhones are scratching easily.  https://www.bloomberg.com/news/articles/2025-09-19/chinese-iphone-buyers-complain-of-scratches-on-new-pro-models reports that a flood of social media activity in China shows shoppers are already disappointed with the iPhone 17, with many complaining about scratches, particularly on the deep blue Pro and Pro Max models. The backlash erupted just hours after the new handsets hit stores. The deep blue variants of the iPhone 17 Pro and Pro Max exhibited scuffs and scratches after just a few hours of being on display, Bloomberg News found from visits to Apple’s Hong Kong and Shanghai stores. It’s the U.S. company’s first major hardware redesign in years, returning to an aluminum shell and featuring what Apple had touted as a more scratch-resistant finish on the back. -BBG The defect, if it can be called that, went viral on the Chinese social media platform Weibo, garnering over 40 million views so far. It remains unclear how the scratching issue will be addressed, but the bad press on launch day is already creating terrible optics for CEO Tim Cook. Ouch 👀 iPhone 17 Pro scratch test https://t.co/qKsGgdqEQw — Ben Geskin (@BenGeskin) Demo unit iPhone 17 Pro scratches on day 1… (it’s not even 24 hours yet) Use a case immediately if you don’t wait to experience this kind of issue. I’m very disappointed with the quality here — Bradley (@VerdeSelvans) Can't believe the iPhone 17 Pro demo units in stores are already scratched up. Didn't take long at all. 🤔 — Safari✈️ (@update4weekly) The scratch controversy risks overshadowing the strong lead times highlighted in a note earlier this week by a team of Goldman analysts led by Michael Ng. The analysts said new lead-time data on iPhone 17 models shows " ." image How can a $3.5 trillion company fail to figure out a more scratch-resistant finish for the covers of its new iPhones? Fri, 09/19/2025 - 09:55
Trump Says Far-Left "Scum" Ilhan Omar Should Be Impeached, Claims She Married Her Brother For Citizenship Trump Says Far-Left "Scum" Ilhan Omar Should Be Impeached, Claims She Married Her Brother For Citizenship President Trump, aboard Air Force One on Thursday evening, shared his thoughts on radical leftist Rep. Ilhan Omar of Minnesota. image First of all, Omar seems obsessed with bashing the U.S., with bizarre desires to collapse capitalism, while her home country of Somalia remains an utter wreck. She denounces America, yet has reportedly amassed a . Meanwhile, rumors that she married her brother to obtain citizenship have resurfaced. The FBI has evidence that Ilhan Omar did in fact marry her brother in order for him to gain citizenship... that's a violation of our immigration law... Calls for her to expelled from Congress and deported are growing, this needs to happen Deport Ilhan — @Chicago1Ray 🇺🇸 (@Chicago1Ray) Let's begin with Trump's Truth Social post about the unhinged leftist from Somalia... Ilhan Omar's Country of Somalia is plagued by a lack of central Government control, persistent Poverty, Hunger, Resurgent Terrorism, Piracy, decades of Civil War, Corruption, and pervasive Violence. 70% of the population lives in extreme Poverty, and widespread Food Insecurity. Somalia is consistently ranked among the World's Most Corrupt Countries, including Bribery, Embezzlement, and a Dysfunctional Government. All of this, and Ilhan Omar tells us how to run America! P.S. Wasn't she the one that married her brother in order to gain Citizenship??? What SCUM we have in our Country, telling us what to do, and how to do it. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN! image Hours before the Truth Social post, Trump told reporters on AF1, "I think she should be impeached. I think she's terrible. She should be impeached, and it should happen fast."  🚨 JUST IN: While aboard Air Force One, President Trump calls for Ilhan Omar to be EXPELLED from Congress after she glorified Charlie Kirk’s kiIIing “She’s from SOMALIA! These people come from a place with NOTHING, and then they tell us how to run our country” EXPEL AND DEPORT! — Nick Sortor (@nicksortor) Earlier, Rep. Nancy Mace (R-SC) attempted to against Omar but failed to progress, as four Republicans voted against it in exchange for a different censure resolution against Rep. Cory Mills (R-FL) to be dropped. Meanwhile, the crazed leftist, whose rhetoric over the years has echoed Marxists seeking to destroy the country and remake it into a socialist utopia for their billionaire elite friends, went on a Charlie Kirk-bashing spree earlier this week. BREAKING: In the wake of Ilhan Omar calling Charlie Kirk and his supporters pieces of shit, President Trump says that she should be IMPEACHED from Congress. There are MANY things that she has done which at minimum deserves an investigation, and at most, deportation. How has her… — Gunther Eagleman™ (@GuntherEagleman) Omar is part of the "squad" of progressive House members, along with Rep. Alexandria Ocasio-Cortez. AoC is merely a socialist puppet that preaches to collapse capitalism with her Marxist beliefs but enjoys, with Bernie Sanders, private jets and a life of luxury.  Socialist AoC & Bernie Sanders Caught Using Private Jets On "Fighting Oligarchy" Tour — zerohedge (@zerohedge) Two critical questions that linger with Omar: Has she ever falsified immigration paperwork for herself or her family? Which, if any, extremist or Islamist organizations/NGOs is she linked to? Omar's USA bashing: Democrat Rep. Ilhan Omar calls for "dismantling" of the U.S. "economy and political systems"https://t.co/c4n8U2deIV — RNC Research (@RNCResearch) . . .  Fri, 09/19/2025 - 09:15