Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Biden's public lands director named to lead environmental group

MATTHEW BROWN
November 26, 2024

BILLINGS, Mont. (AP) -- A senior official in President Joe Biden's administration who oversaw its contentious efforts to address climate change by curbing oil drilling on federal lands while expanding renewable power was named Tuesday as the next president of a prominent environmental group.

U.S. Bureau of Land Management Director Tracy Stone-Manning will become president of The Wilderness Society effective next February, the Washington, D.C.-based group announced.

Stone-Manning's 2021 nomination by Biden was bitterly opposed by Republicans who labeled her an "eco-terrorist" over her past ties with environmental extremists. Senate Democrats pushed through her confirmation on a party-line vote.

The land bureau has jurisdiction over almost a quarter-billion acres (100 million hectares) of land, primarily in western states, that is used for oil exploration, mining, livestock grazing, recreation and other purposes.

Under Stone-Manning, it sharply reduced oil and gas lease sales and raised royalty rates that companies must pay to extract the fuel. It also issued a rule elevating the importance of conservation, by making it a "use" of public lands on par with drilling or grazing.

That marked a sharp departure from the land bureau's longstanding reputation for favoring commercial development over environmental preservation.

The moves drew pushback from the energy, mining and ranching industries and their Republican allies in Congress. They have vowed to undo actions taken by Stone-Manning when the GOP assumes control in Washington next year as a result of its 2024 election wins.

The land bureau also approved new solar and wind power projects and opened more public lands to renewable energy development under Biden.

Before joining the administration, Stone-Manning worked as a senior aide to Montana Democrats U.S. Sen. Jon Tester and Gov. Steve Bullock. Her nomination by Biden sparked intense Republican opposition because of Stone-Manning's involvement in a 1989 environmental sabotage case.

As a 23-year-old graduate student at the University of Montana, Stone-Manning sent a letter to federal officials in 1989 saying spikes had been inserted into trees in Idaho's Clearwater National Forest. Spiking trees involves inserting metal or ceramic rods into trunks so they can't be safely cut down, and the tactic has sometimes been used to halt timber sales.

Two men were charged in the case, and Stone-Manning later testified against them, saying she mailed the letter at the request of one of the men and to prevent people from getting hurt. She was given immunity to testify and was never charged with any crimes, although an investigator later said she had stonewalled the criminal probe.

During the debate over her nomination, GOP lawmakers called her a dangerous choice. She was confirmed with backing from moderate Democratic Sen. Joe Manchin of West Virginia.

President-elect Donald Trump nominated Republican North Dakota Gov. Doug Burgum to be secretary of the Interior, which includes the Bureau of Land Management. His selection for the land bureau director has not yet been announced.

During Trump's first-term, the bureau went without a Senate-confirmed director. The Republican instead used acting directors who did not have to go before the Senate to advance his agenda to increase U.S. energy production.

The bureau's headquarters were relocated to Colorado under Trump, leading to the resignation or retirement of hundreds of employees before it was returned to Washington, D.C., under Biden.

Continue Reading...

Popular

Mark Cuban Reacts to Elon Musk-Donald Trump Feud

The escalating public feud between Elon Musk and President Trump has prompted a response from Mark Cuban.

Solana-Backed Company Goes All In - Ad

A quiet $100M move could turn this overlooked firm into a blockchain market leader.

Are Gold ETFs Really A Hedge During A Geopolitical Crisis? Here's What To Check Before Investing

Gold ETFs may not provide true crisis protection, as differences in storage, redemption rights, and derivative use can affect their effectiveness.

These Are The 3 Hottest Stock Market Themes Trending Now

Three of the most dynamic and forward-looking sectors in the investment landscape — electric vertical takeoff and landing (eVTOL) aviation, cryptocurrency and quantum computing — have recently captured the

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

How To Earn $500 A Month From Broadcom Stock Ahead Of Q2 Earnings

Broadcom offers an annual dividend yield of 0.90% ($2.36 a year). To figure out how to earn $500 monthly, here's what you do.

This Move Won't Stay Quiet for Long - Ad

They just made a $100M bet on blockchain. Early insiders are already circling.

Confusion on sensor plane's abilities delayed response in Ohio train derailment, report says

A specialized plane equipped with advanced sensors that the government deploys to chemical disasters could have helped authorities avoid needlessly blowing open five rail tank cars and burning their toxic contents after the , a new report says.

Shoppers are wary of digital shelf labels, but a study found they don't lead to price surges

Digital price labels, which are rapidly replacing paper shelf tags at U.S. supermarkets, haven’t led to , according to a new study that examined five years' worth of prices at one grocery chain.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Trump-Branded Crypto Wallet Project Suspended Amid Internal Dispute, Says Eric Trump

The official Donald Trump meme coin project has abandoned its plans to introduce a Trump-branded cryptocurrency wallet. The announcement was made by Eric Trump following a conflict within the World Liberty Financial project, which is managed by the president’s sons.

Ryan Reynolds Flames Neil Patrick Harris For Taking Over Deadpool Role In Meta Quest VR Game

Ryan Reynolds humorously responded to Neil Patrick Harris taking over the Deadpool role in Meta Quest's upcoming VR game, playfully calling Harris a "butthole" for stealing his signature role.

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

Spain's economy minister says 'overtourism' challenges need to be addressed

MADRID (AP) — Spain could receive as many as 100 million tourists this year, according to some projections, which the country’s economy minister said poses challenges for residents that the government can no longer afford to ignore.

Marjorie Taylor Greene Says She's 'Adamantly Opposed' To Trump's 'Big Beautiful' Bill Over This AI Provision: 'I Would Have Voted NO If I Had Known This Was In There'

Rep. Marjorie Taylor Greene is threatening to oppose Trump's spending bill over a provision banning state AI regulation, calling it a violation of states' rights and warning it could derail the legislation in the narrowly divided House.

A Bold Pivot Into Solana Is Here - Ad

This quiet NASDAQ company just made a move insiders say could be the next big crypto proxy.

Asian shares slide while oil prices surge after Israel's strike on Iran

HONG KONG (AP) — Markets in Asia opened lower early Friday while oil prices surged after amid the ramping up tensions over

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

Donald Trump Jr. Says Crypto Was A Lifeline After Being Debanked: 'We Got Into It Out Of Necessity'

Donald Trump Jr. discusses family's move to cryptocurrency out of necessity due to loss of traditional banking access after entering politics.

Over 30% Of Bitcoin Supply Controlled By Centralized Entities: Report

A new report by Gemini and analytics firm Glassnode has revealed a notable shift in Bitcoin (CRYPTO: BTC) ownership structure, with centralized entities now controlling over 30% of the

"Work Is the New Retirement"-Don't Let That Be You - Ad

Social Security's failing. Inflation's rising. And retirees are being forced back to work. That's why I created a new strategy: "AI Royalties." Backed by Trump's $500B plan, it's helping Americans collect up to $4,290/month in second retirement income. My short video explains how.

Boeing's Air Force One Overhaul Delayed Again As Workforce Woes, Design Failures And Security Bottlenecks Mount, GAO Reports

The Boeing Co. (NYSE: BA) Air Force One replacement program remains years behind schedule and billions over budget as workforce challenges and design complications continue plaguing production, forcing President Trump to acquire a $400 million backup aircraft from Qatar.

Ron Desantis Takes A Dig At California, Says State Officials Living In A 'Leftist Information Bubble' Amid Unrest — Spring Break Crackdown A Model Response, Says Florida Governor

Florida Governor Ron DeSantis criticized California officials for their handling of unrest, using Miami Beach as an example. This adds to tensions between DeSantis and Governor Gavin Newsom. DeSantis has not addressed Newsom's claim that he regrets running for president. Lawmakers' investments can be tracked with an easy-to-use tool.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Disney Loses Legal Battle To Block Executive Justin Connolly's Move To Rival YouTube

Walt Disney lost its legal bid to block Justin Connolly from leaving the company to join YouTube, with a court ruling allowing Connolly to take on the role of global head of media and sports.

Video game performers on strike for almost a year over AI issues reach a tentative deal

The union for Hollywood’s video game performers has reached a tentative contract with several video game companies that may bring an end to an almost year-long strike tied to the use of artificial intelligence.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Wells Fargo Stock Is Rising After Hours: What's Going On?

Wells Fargo & Co. shares are rising in Tuesday's after-hours session after the company announced it's no longer subject to asset growth restrictions imposed in 2018.

Solana-Backed Company Goes All In - Ad

A quiet $100M move could turn this overlooked firm into a blockchain market leader.

Can an American pope apply US-style fundraising and standards to fix troubled Vatican finances?

VATICAN CITY (AP) — As a bishop in Peru, Robert Prevost was often on the lookout for used cars that he could buy cheap and fix up himself for use in parishes around his diocese. With cars that were really broken down, he’d watch YouTube videos to learn how to fix them.

DraftKings (DKNG) Stock Rises As Rival FanDuel Announces Illinois Betting Fee

FanDuel is adding a new betting fee, responding directly to a new Illinois tax. DraftKings stock rises as bettors may now switch to avoid its rival's fee.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

This Move Won't Stay Quiet for Long - Ad

They just made a $100M bet on blockchain. Early insiders are already circling.

Gilead's HIV Pipeline Gains Traction With Upcoming FDA Decision For HIV-1 Drug

Gilead's HIV drug lenacapavir earns FDA priority review after strong trial results, with the company planning to double U.S. PrEP users by 2035.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service