(FREE) PAINE IN THE MORNING: 11 things you need to know this Monday – March 7, 2022





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California Gas Price Eclipses $5 Per Gallon As National Average Spikes 11 Cents Overnight – National gas prices rose an average of 11 cents in one day, the most in one day since Hurricane Katrina impacted oil costs in 2005, AAA reported Friday morning. The surge in prices from Thursday to Friday makes the national cost of a gallon of gas on average $3.837.

Gas prices in California broke record highs in the state averaging $5.07 per gallon, while cities like Syracuse, New York, are experiencing the highest prices in 10 years, and Michigan is seeing the price rise 39 cents in just one week. – READ MORE


White House Considering Ban On Russian Crude Which Pinoeer CEO Warns Would Send Oil To $200 – Another day, another flashing red headline that the White House is considering a ban on Russian oil imports – something it has repeatedly said earlier this week – although it has yet to make a decision.

The Biden administration also said it was looking at options they can take right now if they decide to cut the U.S. intake of Russian energy, say Cecilia Rouse, chair of the White House Council of Economic Advisers. – READ MORE


Report: Shell Buys Russia’s Urals Oil at Record Discount – Shell reportedly agreed to purchase Russia’s benchmark Urals crude from Trafigura Group at a record discount, confirming that many in the market continue to avoid the country’s oil but that at a bid still remains if the price is low enough.

Shell reportedly will pay a price around $28.45 below the going rate for Brent Crude, Bloomberg News reported Friday. Typically, Urals have priced two to three dollars below Brent. – READ MORE


So Many Holes In SWIFT Sanctions On Russia, They Are Useless – SWIFT is the international payment system. Cutting off a top country from SWIFT access is a very big deal.

When the US and EU trotted out the SWIFT sanction card, I thought I got that one wrong. Closer inspection by Eurointelligence and others shows it’s Not So Swift After All. – READ MORE


Food Crisis Imminent: Hungary Bans All Grain Exports Effective Immediately – Those who have it, are no longer giving it away, and those that don’t will soon find themselves in the middle of an epic food crisis.

Just hours after we reported that Russia effectively banned exports of fertilizers, moments ago Hungary – one of Europe’s most grain rich nations – has circled the wagons and realizing which way the wind is blowing, just announced that it will banning all grain exports effective immediately, in a statement . – READ MORE


These Countries Face Unprecedented Hunger Crises Due To The Ukraine War – The war between Ukraine and Russia will make the world’s hunger crisis even tougher to fight. The countries – one of which has traditionally been called Europe’s bread basket – are two of the world’s major suppliers of staple grains like wheat, and a protracted crisis increases the likelihood of supply interruptions and higher food prices for many people — including those who can least afford them.

Gallup data offer insight into the populations most likely to suffer from a prolonged disruption: People in countries reliant on wheat from Ukraine or Russia, where large segments of their populations were also struggling to afford food before the war broke out. Many of the countries on this list, including Egypt, Turkey and Kenya, are also dealing with political instability and conflict, situations only made worse when populations go hungry. – READ MORE


“We’re Getting Creamed” – NYC Small Business Owners Struggle To Confront Surge In Shoplifting – New York City’s struggling small businesses are dealing with one of the worst spikes in retail theft rates in recent memory. And owners aren’t sure whether Mayor Eric Adams’ decision to roll back certain COVID restrictions will improve the situation, or make it worse.

The owner of a couple of downtown boutiques said she has never felt “more exhausted” trying to protect her businesses from emboldened shoplifters and criminal crews working small retail businesses. – READ MORE


God Help Us: White House May Send Kamala to Europe for Diplomatic Mission – Joe Biden was unable to prevent Russia from invading Ukraine, but now the White House is considering a new strategy. According to The Hill, there are active discussions about “sending Vice President Harris to Warsaw, Poland, and Bucharest, Romania, in the coming days to show solidarity with Ukraine as it faces an escalating Russian invasion.”

“The discussions involve sending Harris to visit troops stationed in Romania and potentially to the border with Ukraine, where a refugee crisis has seen more than 1 million people flee that country since the Russian attack,” the report continues. “The trip could happen in the coming weeks, one source said, adding that there is no active dialogue about sending President Biden to the region.” – READ MORE


Here’s Your Russian Collusion: Biden Working with Russia on New Iran Nuke Deal – Just when you think the Biden administration couldn’t possibly get worse, it finds a way. Gabriel Noronha, a former State Department official, tweeted Wednesday that State, NSC, and European Union officials are warning that “what’s happening in Vienna,” where Biden’s handlers are negotiating a new nuclear deal with the Islamic Republic of Iran, “is a total disaster,” and that they’re hoping that “Congress will act to stop the capitulation.”

It’s about as likely that Congress will stop this, of course, as it is that Biden’s handlers will send Donald J. Trump himself to Vienna to handle the negotiations, but there are abundant signs that the new agreement will be far worse than the old one, and directly endanger America and its allies. For one thing, even amidst ever-rising tensions with Russia and punitive sanctions, the administration has turned over leadership of the negotiations to a Russian diplomat, Mikhail Ulyanov. Yes, that’s right: Putin’s man is going to get us a new deal with the mullahs. – READ MORE


NYC Drops Vaccine Passport, K-12 Mask Mandates – But Students Under 5 Still Have To Mask Up – New York City Mayor Eric Adams (D) officially announced the end of some coronavirus restrictions on Friday after it was reported earlier in the week that he would likely do so.

The vaccine passport system for gyms, restaurants, and entertainment areas will end on Monday, along with K-12 school mask requirements. Adams spoke in Times Square and said New York City is ready to get past COVID-19 rules that have negatively impacted the city’s economy over the past two years. – READ MORE


Pfizer’s COVID-19 Vaccine Goes Into Liver Cells And Is Converted To DNA: Study – The messenger RNA (mRNA) from Pfizer’s COVID-19 vaccine is able to enter human liver cells and is converted into DNA, according to Swedish researchers at Lund University.

The researchers found that when the mRNA vaccine enters the human liver cells, it triggers the cell’s DNA, which is inside the nucleus, to increase the production of the LINE-1 gene expression to make mRNA. – READ MORE


‘Truly Frightening:’ Feds Give Tech Companies Until May 2 to ‘Turn Over COVID-19 Misinformation’ – Two news stories this week reveal how the federal government plans to treat COVID “misinformation” as a crime, and what role tech companies will play in rounding up the “criminal.”

Two U.S. Senators this week introduced a bill to provide tech companies cover via legislation that could make it possible for Congress to “legalize” censorship and criminalize First Amendment rights to freedom of speech. – READ MORE


 

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