Trending Politics – Genesis Wealth Defense https://genesiswealthdefense.com There's a thin line between ringing alarm bells and fearmongering. Mon, 25 Nov 2024 09:55:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://genesiswealthdefense.com/wp-content/uploads/2024/09/cropped-Money-32x32.jpg Trending Politics – Genesis Wealth Defense https://genesiswealthdefense.com 32 32 237551656 Taxpayer Money Shouldn’t Fund NPR or ANY Media https://genesiswealthdefense.com/new-cutting-funding-to-npr-is-on-government-efficiency-committees-radar-mtg-says/ https://genesiswealthdefense.com/new-cutting-funding-to-npr-is-on-government-efficiency-committees-radar-mtg-says/#respond Mon, 25 Nov 2024 08:34:37 +0000 https://genesiswealthdefense.com/new-cutting-funding-to-npr-is-on-government-efficiency-committees-radar-mtg-says/ U.S. Rep. Marjorie Taylor Greene (R-GA) shared details about her plans for a brand new House subcommittee tasked with cutting wasteful government spending and redundant bureaucracy in an interview with Fox News on Sunday.

House Oversight Committee Chair James Comer (R-KY) has tapped Greene to head up the new committee, which was conceptualized by tech entrepreneur Elon Musk and former businessman Vivek Ramaswamy. The two businessman were tasked with heading up the “Department Of Government Efficiency,” or “DOGE,” by President-elect Trump a little over a week after his re-election bid.

Greene’s committee will work with the two on carrying out the department’s tasks, which, according to Ramaswamy, will consist of massive cuts to several departments and the outright elimination of several federal agencies.

During an appearance on Fox News’ “Sunday Morning Futures,” Greene provided an early look at some of the committee’s first priorities, which includes the reduction or outright cancellation of funding for National Public Radio (NPR).

“We’ll be looking at everything from government-funded media programs like NPR that spread nothing but Democrat propaganda, we’ll be going into grant programs that fund things like sex apps in Malaysia, toilets in Africa,” she told host Maria Bartiromo. […]

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Trump Is Working to Create the First White House Crypto Position https://genesiswealthdefense.com/report-trump-is-working-to-create-the-first-white-house-crypto-position/ https://genesiswealthdefense.com/report-trump-is-working-to-create-the-first-white-house-crypto-position/#respond Fri, 22 Nov 2024 11:47:28 +0000 https://genesiswealthdefense.com/report-trump-is-working-to-create-the-first-white-house-crypto-position/ President-elect Donald Trump’s team is currently in talks with digital assets experts about the possibility of creating a new White House position that is dedicated entirely to cryptocurrency policy, according to a report from Bloomberg News.

People familiar with the Trump transition team’s efforts told the outlet that several candidates are currently being evaluated for the position, which would be the first crypto-specific office in the history of the United States.

It is unclear whether the jobholder will be given an official role in the White House staff, or if they will be designated as a “crypto czar.” Presidents have long appointed officials to serve in a number of regulatory under the title of “czar” without an official confirmation process. Cryptocurrency advocates are pushing for the officeholder to have a direct line to President-elect Trump.

The president-elect has yet to comment on the reports.

This past summer, Trump positioned himself as the pro-cryptocurrency candidate when he addressed the annual Bitcoin conference in Nashville. […]

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‘Woke’ Department Store’s Stock Price In Free Fall https://genesiswealthdefense.com/woke-department-stores-stock-price-in-free-fall/ https://genesiswealthdefense.com/woke-department-stores-stock-price-in-free-fall/#respond Fri, 22 Nov 2024 05:05:55 +0000 https://genesiswealthdefense.com/woke-department-stores-stock-price-in-free-fall/ The ongoing battle against “woke” corporations is nearing the three-year mark, and conservatives have their sights set on one department store that hasn’t learned its lesson after previously being called out.

Target Corp., the vanguard of Pride Month clothing for children, is entering a winter of discontent after badly missing its earning mark right before the holiday season, sending its stock tumbling while shareholders fret about a much-needed change in leadership. CNBC reported that Target’s stock slipped at the opening bell after the company reported third-quarter earnings of $1.85 per share, missing the $2.30 consensus among 29 analysts covering the company. The revenue was 19.6% lower than anticipated and led to a 21% slide in the company’s share price.

In response, Target’s leadership has slashed full-year guidance after raising it the previous quarter, Yahoo reported. Adding insult to injury, Walmart beat expectations on Wednesday, posting outperformances in quarterly same-store sales performance, online sales growth, and overall narrative to investors. Target has been cutting prices on everything from groceries to home goods in a bid to stave off the bleed.

During a call with reporters, executives had little explanation for the slide other than to speculate that consumers are being “cautious” about their spending, a defense at odds with economic reports that consumer spending remains robust despite high costs. Target’s longtime Chairman and CEO Brian Cornell told Yahoo that supply chain disruptions played a role as warehouses overflowed with unsold inventory; still, he insisted, leadership has the “appropriate approach” for the holiday season, but is “guiding for some conservatism.”

On the year, Target’s stock is up just 9% compared to 24% for the broader S&P 500. Walmart has seen a skyrocketing advance of 64% in that time. “The stock seems constrained in the near term given the uncertainty of the holiday, in which Target faces headwinds from a promotionally/event-driven consumer and likely acutely benefitted, relative to other retailers, from the beneficial calendar a year ago (now a headwind), along with tariffs,” JPMorgan analyst Christopher Horvers wrote in a client note. […]

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House Set to Question Former FEMA Supervisor on Biden Admin’s Latest Scandal https://genesiswealthdefense.com/house-set-to-question-former-fema-supervisor-on-biden-admins-latest-scandal/ https://genesiswealthdefense.com/house-set-to-question-former-fema-supervisor-on-biden-admins-latest-scandal/#respond Mon, 18 Nov 2024 01:51:31 +0000 https://genesiswealthdefense.com/house-set-to-question-former-fema-supervisor-on-biden-admins-latest-scandal/ The House Committee on Transportation and Infrastructure is set to hear testimony from fired FEMA supervisor Marn’i Washington, who instructed team members to ignore houses with Trump signs and flags. The agency has attempted to frame the incident as a one-off, though Washington has alleged that the guidance was issued across the agency, leading to an untold number of pro-Trump households being unable to qualify for federal disaster aid.

In a letter Thursday to FEMA Administrator Deanne Criswell, committee chair Sam Graves called for accountability and a full investigation into the incident. “As the FEMA Administrator, you are responsible for leading the Nation’s efforts to prepare for, protect against, and respond to natural disasters,” the letter reads. “The Committee is troubled that under your leadership FEMA failed to aid all Americans, regardless of party affiliation.”

The letter comes after ex-FEMA supervisor Marn’i Washington gave the instructions both verbally and in a group chat used by relief workers who were surveying the damage from Hurricane Milton in the Lake Placid area last month, according to an explosive report from the Daily Wire. In a memo titled “Best Practices,” which was obtained by the outlet, a bullet point instructs workers to, “Avoid homes advertising Trump.”

Other bullet points instructed workers to focus on “de-escalation,” avoid traveling alone and to “follow the rules.”

In a statement after the report went public, Criswell stated that the employee had been “terminated” and described the incident as a one-off. “We take our mission to help everyone before, during and after disasters seriously. This employee has been terminated, and we have referred the matter to the Office of Special Counsel,” Criswell told Fox News. “I will continue to do everything I can to make sure this never happens again.” […]

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