Government
Blank Check? Democrats Want To Totally Eliminate Debt Ceiling With New Bill
Blank Check? Democrats Want To Totally Eliminate Debt Ceiling With New Bill
A group of 43 Democrats want to completely eliminate the debt…

A group of 43 Democrats want to completely eliminate the debt ceiling, which they say Republicans have 'weaponized' - which would give the government a blank check to borrow without any limit from Congress.
The End the Threat of Default Act, introduced by Rep Bill Foster (D-IL) and co-sponsored by 42 House Democrats, comes after the federal government hit the $31,381 trillion debt ceiling last week. According to Democrats, instead of attempting to responsibly spend taxpayer dollars through negotiation, it's time to just eliminate all limits on federal borrowing.
"Weaponizing the debt ceiling and using it as a pawn in partisan budget negotiations is dangerous and repeatedly brings our nation to the brink of default, which would be disastrous to the U.S. economy – something we’ve witnessed as recently as 2011 when Republicans created a debt ceiling crisis that resulted in the first ever downgrade to the U.S. credit rating," said Foster.
"The government has an obligation to pay its bills," he added. "Threatening to default on our debt is the same as ordering an expensive meal at a restaurant, eating it, and skipping out without paying. We can and should have a real conversation about overall spending, but the full faith and credit of the United States must never be compromised."
If Democrats are so concerned about hitting the debt ceiling, they should start collecting student debt payments again.
— Ilya Shapiro (@ishapiro) January 23, 2023
Co-sponsors of the bill include Reps. Pramila Jayapal of Washington, Sheila Jackson Lee of Texas, Gerry Connolly of Virginia, Rashida Tlaib of Michigan and Barbara Lee of California, Fox News reports.
The Biden administration and its Democrat allies in Congress have argued that raising the debt ceiling does not allow "new" spending, and only allows the government to meet its current obligations. But Republicans say congressional approval of new spending programs is what has repeatedly forced the government to keep hitting its borrowing limit, which has then forced Congress to keep raising the debt ceiling.
Before the housing crisis in 2008, the total national debt was $9 trillion, an amount that more than tripled to more than $31 trillion in less than 15 years thanks to programs related to the housing bailout, 20 years of military presence in Afghanistan, COVID emergency response measures, and routine funding increases for defense and social programs. -Fox News
Just before the pandemic, the federal government spent $4.4 trillion in fiscal year 2019. In 2020, that ballooned to $6.8 trillion, and then $6.3 trillion in FY2022.
Of course, Foster did not introduce the bill when Democrats had the majority in both chambers of Congress (and would have been shot down by their own Joe Manchin) - so let's agree this yet another transparent attempt to signal virtue.
International
Just 3 Nobel Prizes cover all of science – how research is done today poses a challenge for these prestigious awards
The Nobel Prize categories were set up more than a century ago. Since then, science has grown and evolved in unpredictable ways.

I’ve been primarily an experimental chemist – the kind of person who goes into the laboratory and mixes and stirs chemicals – since the beginning of my career in 1965. Today, and for the past 15 years, I’m a full-time historian of chemistry.
Every October, when the announcements are made of that year’s Nobel laureates, I examine the results as a chemist. And all too often, I share the same response as many of my fellow chemists: “Who are they? And what did they do?”
One reason for that bewilderment – and disappointment – is that in many recent years, none of my “favorites” or those of my fellow chemists will travel to Stockholm. I am not suggesting that these Nobel laureates are undeserving – quite the opposite. Rather, I am questioning whether some of these awards belong within the discipline of chemistry.
Consider some recent Nobel Prizes. In 2020, Emmanuelle Charpentier and Jennifer A. Doudna received the Nobel Prize “for the development of a method for genome editing.” In 2018, Frances H. Arnold received the Nobel Prize “for the directed evolution of enzymes,” which she shared with George P. Smith and Sir Gregory P. Winter “for the phage display of peptides and antibodies.” In 2015, Tomas Lindahl, Paul Modrich and Aziz Sancar received the Nobel Prize “for mechanistic studies of DNA repair.”
All of them received Nobel Prizes in chemistry – not the Nobel Prize in physiology or medicine, even though these achievements seem very clearly situated within the disciplines of medicine and the life sciences. There are many other similar examples.

These recent mismatches are even clearer when you look further back in time. Consider the 1962 Nobel Prize awarded to Francis Crick, James Watson and Maurice Wilkins “for their discoveries concerning the molecular structure of nucleic acids and its significance for information transfer in living material.” DNA, of course, is the most famous nucleic acid, and these three scientists were honored for deciphering how its atoms are bonded together and arranged in their three-dimensional double-helix shape.
While the “structure of DNA” most certainly is an achievement in chemistry, the Nobel Assembly at the Karolinska Institute in Stockholm awarded the Nobel Prize in physiology or medicine to Watson, Crick and Wilkins. Clearly, their Nobel achievements have had great consequences in the life sciences, genetics and medicine. Thus awarding them the Nobel Prize for physiology or medicine is quite appropriate.

But note the disconnect. The Nobel Prizes in chemistry in 2020, 2018 and 2015 are more life-science- and medicine-oriented than Watson, Crick and Wilkins’ for the structure of DNA. Yet the former were awarded in chemistry, while the latter was in physiology and medicine.
What is going on? What does this trend reveal about the Nobel Foundation and its award strategies in response to the growth of science?
A gradual evolution in the Nobel Prizes
Several years ago, chemist-historian-applied mathematician Guillermo Restrepo and I collaborated to study the relationship of scientific discipline to the Nobel Prize.
Each year, the Nobel Committee for chemistry studies the nominations and proposes the recipients of the Nobel Prize in chemistry to its parent organization, the Royal Swedish Academy of Sciences, which ultimately selects the Nobel laureates in chemistry (and physics).
We found a strong correlation between the disciplines of the members of the committee and the disciplines of the awardees themselves. Over the lifetime of the Nobel Prizes, there has been a continuous increase – from about 10% in the 1910s to 50% into the 2000s – in the percentage of committee members whose research is best identified within the life sciences.
Restrepo and I concluded: As go the expertise, interests and the disciplines of the committee members, so go the disciplines honored by the Nobel Prizes in chemistry. We also concluded that the academy has intentionally included more and more life scientists on their selection committee for chemistry.
Now some perceptive readers might ask, “Is not the discipline of biochemistry just a subdiscipline of chemistry?” The underlying question is, “How does one define the disciplines in science?”
Restrepo and I reasoned that what we term “intellectual territory” defines the boundaries of a discipline. Intellectual territory can be assessed by bibliographic analysis of the scientific literature. We examined the references, often called citations, that are found in scientific publications. These references are where authors of journal articles cite the related research that’s previously been published – often the research they have relied and built on. We chose to study two journals: a chemistry journal named Angewandte Chemie and a life science journal named, rather aptly, Biochemistry.
We found that the articles in Angewandte Chemie mostly cite articles published in other chemistry journals, and the articles in Biochemistry mostly cite articles in biochemistry and life sciences journals. We also found that the reverse is true: Scientific publications that cite Angewandte Chemie articles are mostly in chemistry journals, and publications that cite Biochemistry articles are mostly in biochemistry and life science journals. In other words, chemistry and the life sciences/biochemistry reside in vastly different intellectual territories that don’t tend to overlap much.
Not letting labels be limiting
But now, perhaps a shocker. Many scientists don’t really care how they are classified by others. Scientists care about science.
As I’ve heard Dudley Herschbach, recipient of the 1986 Nobel Prize in chemistry, respond to the oft-asked question of whether he’s an experimental chemist or a theoretical chemist: “The molecules don’t know, nor do they care, do they?”
But scientists, like all human beings, do care about recognition and awards. And so, chemists do mind that the Nobel Prize in chemistry has morphed into the Nobel Prize in chemistry and the life sciences.

Since the Nobel Prizes were first awarded in 1901, the community of scientists and the number of scientific disciplines have grown tremendously. Even today, new disciplines are being created. New journals are appearing. Science is becoming more multidisciplinary and interdisciplinary. Even chemistry as a discipline has grown dramatically, pushing outward its own scholarly boundaries, and chemistry’s achievements continue to be astounding.
The Nobel Prize hasn’t evolved sufficiently with the times. And there just are not enough Nobel Prizes to go around to all the deserving.
I can imagine an additional Nobel Prize for the life sciences. The number of awardees could expand from the current three-per-prize maximum to whatever fits the accomplishment. Nobel Prizes could be awarded posthumously to make up for past serious omissions, an option that was used by the Nobel Foundation for several years and then discontinued.
In truth, the Nobel Foundation has evolved the prizes, but very deliberately and without the major transformations that I think will certainly be required in the future. It will, I believe, eventually break free, figuratively and literally, from the mire of Alfred Nobel’s will and more than a century of distinguished tradition.
When Nobel designed the prizes named after him in the late 1800s and early 1900s, he couldn’t have known that his gift would become a perpetual endowment and have such lasting – indeed, even increasing – significance. Nobel also could not have anticipated the growth of science, nor the fact that over time, some disciplines would fade in importance and new disciplines would evolve.
So far, the extremely competent and highly dedicated scholars at the Nobel Foundation and their partner organizations – and I acknowledge with real appreciation their selfless devotion to the cause – haven’t responded adequately to the growth of the sciences or to the inequities and even incompleteness of past award years. But I have confidence: In time, they will do so.
Jeffrey I. Seeman does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
genome antibodies dna swedenInternational
Tesla rival Polestar reveals lineup of its new electric vehicles
The Sweden-based electric vehicle maker completes key testing before launching production of its new SUV.

Tesla's Model Y crossover, the best-selling vehicle globally, is the standard that electric vehicle makers strive to compete with. The Austin, Texas, automaker sold about 267,200 Model Y vehicles in the first three months of the year and continued leading the pack well into the second quarter.
It's no wonder that the Model Y is leading all vehicles in sales as it retails for about $39,390 after tax credits and estimated gas savings. Ford (F) - Get Free Report hopes to compete with the Model Y about a year from now when it rolls out the new Ford Explorer SUV that is expected to start at $49,150.
Related: Honda unveils surprising electric vehicles to compete with Tesla
Plenty of competition in electric SUV space
Mercedes-Benz (MBG) however, has a Tesla rival model with its EQB all-electric compact sports utility vehicle with an estimated 245 mile range on a charge with 70.5 kWh battery capacity, 0-60 mph acceleration in 8 seconds and the lowest price of its EVs at a $52,750 manufacturers suggested retail price.
Tesla's Model X SUV has a starting price of about $88,490, while the Model X full-size SUV starts at $98,490 with a range of 348 miles. BMW's (BMWYY) - Get Free Report xDrive50 SUV has a starting price of about $87,000, a range up to 311 miles and accelerates 0-60 miles per hour in 4.4 seconds.
Polestar (PSNY) - Get Free Report plans to have a lineup of five EVs by 2026. The latest model that will begin production in the first quarter of 2024 is the Polestar 3 electric SUV, which is completing its development. The vehicle just finished two weeks of testing in extreme hot weather of up to 122 degrees in the desert of the United Arab Emirates to fine tune its climate system. The testing was completed in urban cities and the deserts around Dubai and Abu Dhabi.
“The Polestar 3 development and testing program is progressing well, and I expect production to start in Q1 2024. Polestar 3 is at the start of its journey and customers can now visit our retail locations around the world to see its great proportions and sit in its exclusive and innovative interior,” Polestar CEO Thomas Ingenlath said in a statement.
Polestar
Polestar plans 4 new electric vehicles
Polestar 3, which will compete with Tesla's Model X, Model Y, BMW's iX xDrive50 and Mercedes-Benz, has a starting manufacturer's suggested retail price of $83,000, a range up to 300 miles and a charging time of 30 minutes. The company has further plans for the Polestar 4, an SUV coupé that will launch in phases in late 2023 and 2024, as well as a Polestar 5 electric four-door GT and a Polestar 6 electric roadster that the company says "are coming soon."
The Swedish automaker's lone all-electric model on the market today is the Polestar 2 fastback, which has a manufacturer's suggested retail price of $49,900, a range up to 320 miles and a charging time of 28 minutes. The vehicle accelerates from 0-60 miles per hour in 4.1 seconds. Polestar 2 was unveiled in 2019 and delivered in Europe in July 2020 and the U.S. in December 2020.
Polestar 1, the company's first vehicle, was a plug-in hybrid that went into production in 2019 and was discontinued in late 2021, according to the Polestar website.
The Gothenburg, Sweden, company was established in 1996 and was sold to Geely affiliate Volvo in 2015.
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testing europe swedenGovernment
Our Society Is Melting Down Even Faster Than Most People Thought That It Would
Our Society Is Melting Down Even Faster Than Most People Thought That It Would
Authored by Michael Snyder via The End of The American Dream…

Authored by Michael Snyder via The End of The American Dream blog,
It can be difficult to believe that the wild scenes that we are witnessing on the streets of America are actually real. Earlier this week, I wrote an article entitled “What Life Is Really Like In America’s Hellish Inner Cities”. I wrote that article before the widespread looting that just erupted in Philadelphia. Just when I think that conditions in our core urban areas have reached a low point, they seem to find a way to get even worse. Unfortunately, this is just the beginning of this crisis. As economic conditions continue to deteriorate, countless numbers of people will become very desperate. And when countless numbers of people become very desperate, our society will descend into a permanent state of chaos.
On Tuesday night, dozens of young people went on a rampage in the city of Philadelphia.
It is being reported that “stores in several areas of Philadelphia” were hit…
Dozens of people faced criminal charges Wednesday after a night of social media-fueled mayhem in which groups of thieves, apparently working together, smashed their way into stores in several areas of Philadelphia, stuffing plastic bags with merchandise and fleeing, authorities said.
A total of 52 arrests have been made so far, police said Wednesday.
Burglary, theft and other counts have been filed so far against at least 30 people, all but three of them adults, according to Jane Roh, spokesperson for the Philadelphia district attorney’s office.
The largest group consisted of approximately 100 young people, and there was violence when the police finally confronted that group outside of a Lululemon store…
Police in the city said that a large group of around 100 juveniles kept moving from store to store and looting them.
Videos shared on social media show officers attempting to grab thieves, some of whom are wearing Halloween masks, as they run riot through a Lululemon store.
One officer manages to hit one of the looters with a punch after tackling them to the ground.
Many on social media seem to be quite entertained by videos of the looting, but the truth is that this footage should break all of our hearts.
"Everybody must eat!" a woman exclaims as looters breach a business right behind her.#Philadelphia #Philly #Pennsylvania #Looting #Riot #CenterCity pic.twitter.com/8yYJMHmMax
— Raw Reporting (@Raw_Reporting) September 27, 2023
Everything in Center City Philadelphia is free with promo code: “the Big Guy 2024.”
— Charles R Downs (@TheCharlesDowns) September 27, 2023
pic.twitter.com/Ogd8gIFTGg
"Everybody keep yo phone out!"
— Andy Ngô ????️???? (@MrAndyNgo) September 27, 2023
Seeking another George Floyd moment, #BLM protesters tell one another to start recording after Philadelphia Police arrived to make arrests at the downtown mass looting. Video uploaded by @OSiiNT:pic.twitter.com/oEyKU3Mhwk
Our society is literally coming apart at the seams all around us.
I had warned my readers that total retail theft would exceed 100 billion dollars this year, but now it is being reported that total retail theft already broke that threshold in 2022…
Last year, total losses tied to theft amounted to $112.1 billion, according to data from the 2023 National Retail Security Survey. That is up from $93.9 billion in losses in 2021 and $90.8 billion in 2020.
Retailers within metros including Los Angeles, San Francisco and Oakland as well as Houston, New York and Seattle were hit the hardest last year.
So if last year’s number was 112 billion, what will the final number be for 2023?
130 billion?
140 billion?
150 billion?
Major retail chains all over America are shutting down stores due to rampant theft.
As I discussed yesterday, Target has decided to permanently shutter nine stores in high crime areas…
Target Corp. will shutter nine stores across four states on Oct. 21 because of theft and threats to safety, the company announced Tuesday, the latest — and loudest —example of a retailer exiting urban locations because of crime.
Target said it made the “difficult decision” to close the stores — which include locations in the Harlem neighborhood of New York City, Seattle, Portland and the San Francisco Bay area — after the Minneapolis-based company determined that theft-preventive measures had proved ineffective. The company said it had tried adding more security, including third-party guards, and using deterrents such as locking up merchandise.
“We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests and contributing to unsustainable business performance,” the company said.
But nine stores is just a drop in the bucket compared to what other retailers are doing.
For example, it is being reported that Rite Aid will close approximately 500 stores…
One of the largest U.S. drugstores chains Rite Aid is set to close around 500 stores nationwide as it negotiates a plan to file for Chapter 11 bankruptcy.
The Wall Street Journal reported that the firm, which is the third largest in the country, is looking to close branches and either sell or let creditors take over their remaining operations.
And CVS is in the process of closing a total of 900 stores by 2024…
Drugstore chain CVS is set to close hundreds of stores across the US as it undergoes a major reform to adjust to the needs of modern online shoppers.
The retail giant is coming to the end of a policy launched in 2021 which will see 300 stores closed each year – meaning 900 will have shuttered by 2024.
In the announcement, which has hit headlines again recently amid rampant shoplifting at the store, bosses they said that they were undergoing a new ‘retail footprint strategy.’
Drugstores used to be all over the place in our core urban areas.
But now our inner cities are littered with scores of boarded up establishments with “space available” signs on them.
This is what the future of America looks like, and it isn’t good.
Once upon a time, we could be proud of the shiny new cities that we had built from coast to coast.
Those cities were safe and they were clean.
But now our major cities have degenerated into crime-ridden hellholes that are absolutely filthy. In New York City, the millions of rats that live there are constantly making headlines…
This is the moment a group of horrified New Yorkers is forced to hop over scores of vermin scurrying across their path from bins outside a pizzeria.
Footage shows a few rats brazenly scurry across the pavement before scores of them emerge from an overflowing bin.
Taryn Brady, 29, who was with a group of friends when she filmed the rat encounter, said she was left in ‘fear and disgust’ after she and her friends had to hop over the rodents running towards them.
This is our country now.
I know that I keep saying that, but it is such an important point.
We don’t have the same nation that previous generations passed down to us.
Over the past 50 to 60 years, we have literally ruined America.
From the White House all the way down to the kids that are looting retailers in our major cities, we have become a laughingstock to the rest of the world.
And if we don’t find a way to turn things around, our story is going to have an absolutely tragic ending.
* * *
Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.
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