GROWTH BUILT ON UNSUSTAINABLE DEBT IS JUST A FARMER STUFFING HIMSELF ON HIS FEED CORN: The Dow plunges 570 points as hopes for an interest rate cut fade.

The U.S. Bureau of Labor Statistics reported a 1.2% increase in its employee cost index, a measure of wages and benefits — higher than the 0.9% increase seen in the fourth quarter of 2023. The index is one of a growing number of inflationary reports released this year.

Meanwhile, Series I bonds will pay 4.28% annual interest from May 1 through October 2024, the U.S. Department of the Treasury announced. The latest I bond rate, which is linked to inflation, has fallen from 5.27% (annually) offered since November and is slightly lower than the 4.3% rate from May 2023.

The Dow dropped 570 points, or about 1.4%, to 37,815 as the market closed. The S&P 500 lost 1.5% and the Nasdaq fell 2%.

With enough wage growth, they might finally catch up with Bidenflation — but that means most Americans will still have missed out on four years (or however long it turns out to be) of increased earnings.

AND IT SHOULD: Trump New York trial: Jailing former president could spark ‘mass protests,’ experts say. Why should the Democrats have a monopoly on mass protests?

OPEN BORDERS PROMOTING A POPULIST REVOLT IN IRELAND.

Plus:

The footage is fascinating btw and employs a traditional rural mixture of social pressure (public shaming, appeals to solidarity vs outsiders) with an undertow of looming violence. I assume the Land War went down similarly. pic.twitter.com/C5GICOtxO2 https://t.co/U0PMofruCL

— Aris Roussinos (@arisroussinos) April 30, 2024

WELL, GOOD: House Oversight Committee Will ‘Follow the Money’ Funding Radical Anti-Semitic Campus Actions.

MAYBE STARTING A WAR WITH THE PLACE YOUR FOOD, WATER, AND ELECTRICITY COME FROM WAS A MISTAKE: Gaza Famine a Result of Hamas/Iran Terror.

CONGRESS HAS MORE IMPORTANT THINGS TO DO, LIKE RAISE MONEY AND ENGAGE IN INSIDER TRADING: FTC passes a law: Why have a Congress when the bureaucracy legislates?

ROBERT SPENCER: I Got Invited to Speak at UCLA. Guess What Happened Next. “The pro-Hamas mob in the campus encampment, however, might not allow someone as dangerous as me to speak there. Yes, they’re the ones in charge.”

COLLUSION: Dem Fundraising Platform ActBlue Takes a Cut of Donations to Michigan State University’s Anti-Israel Tent Encampment.

HMM: China May Be Preparing to Deploy Economic ‘Nuclear Option.’

“China is preparing for something major. That seems increasingly obvious judging from the stockpiling of important resources. Could it be that they are preparing a major one-off devaluation of the CNY?” Andreas Steno Larsen, CEO of Steno Research, wrote last week.

Currency devaluation is widely described as a “nuclear option” by economists due to the serious global repercussions it could trigger.

By intentionally devaluing the yuan, for instance, China could boost exports by making its goods cheaper and more competitive—but not without serious repercussions such as riling trade partners and worsening the country’s trade war with the United States.

Accumulating resources like gold and oil beforehand could provide some financial security and bargaining power, helping to stabilize the economy against potential negative effects of a devaluation, such as increased import costs and inflation.

China’s central bank continued its gold-buying tear in March, boosting its reserves of the metal for the 17th straight month, in spite of the metal’s record-high price and a weak yuan.

An escalating trade war seems likeliest but they’d be making similar preparations for a shooting war.

TO BE FAIR, THEY’VE PRETTY MUCH FLIPPED TO BEING PRO-DEFAMATION THESE DAYS: Alleged “QAnon John”‘s Libel Lawsuit Against Anti-Defamation League Can Go Forward.

VICTORIA TAFT IS ANGRY AND YOU’LL LIKE HER WHEN SHE’S ANGRY: Trump Is Gagged, but Only NOW Does the Judge Wag a Limp Finger at His Trial’s Biggest Trash Talkers.

I CAN GUESS: DEI Dogma or Minority Advancement: What’ll it be, Harvard?

FROM PAM UPHOFF:  Recovery Agent.

#CommissionEarned

Mike’s nephew Ari was kidnapped and recovered by an unknown man.
Mike helped get the ten-year-old all the way home . . . to find Ari’s father dead, and the relatives circling . . .
The police seem to be more interested in the rescuer than the kidnapping.

Falk was the youngest detective on the investigation, that had just gone sideways, as it seems the boy had been rescued by an infamous assassin. As an important and wealthy man’s relatives fight to control his estate and his only child . . . Falk is starting to realize his own family is entangled in the apparently natural death, the kidnapping . . . and the Recovery Agent.

HERE’S THE SORT OF THING NYC COPS WON’T BE DOING WHILE OCCUPIER WITH ANTISEMITES:  Armed assault suspect shot dead by NYPD-federal task force after flashing gun inside NYC store: police.

AS IF OUR GOVERNMENTAL ELITE CARE WHAT TAXPAYERS WANT: Taxpayers must refuse to fund this migrant scandal.

SEND IN PSYCHIATRISTS:  Columbia Mob That Took Over Hamilton Hall Demand ‘Humanitarian Aid’.

WE KNEW:  AstraZeneca Admits That its Covid Vaccine Can Cause Blood Clotting Side Effect.

THEY SAY THAT LIKE IT’S INADVERTENT: Rushed changes in world health rules are wide open to corruption.

IS THIS A BALDRICK REFERENCE?  Dolan’s Digest: Is a Trump victory part of the left’s cunning plan?

Might be. But if it is a leftist plan, it will bite them, as hard as if it were a weasel who is a professor of cunningology at Oxford. Trust me.

NOT ALL HEROES WEAR CAPES:  Anonymous group has built a giant screen with loudspeakers outside the UCLA protest showing footage from October 7 on a loop.

YES, WE DID LAND ON THE MOON. THE TECH HAS CHANGED SO MUCH THOUGH THAT THINGS ARE SOMETIMES DIFFICULT TO ACCESS:  This does touch on something related that actually happened, which people have apparently distorted and used to prop up the dumb conspiracy theory.

THE SARCASM IN THIS IS SIMPLY BITING:  The Twist.

WELL, THEY HAVE BLOWN IT ALL TO H*LL AND GONE, HAVEN’T THEY:  Big Tech lacks Big Trust.

HIGHER EDUCATION IMPLOSION, CONTINUED:  Here we go again.

YOU CAN’T BLAME THE KIDS FOR WHAT THEY WERE NEVER TAUGHT:  This is the most 2020s thing yet.