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Russia Expels British Diplomat Accused of Espionage
WorldAPBBCFT+40le-mondeThe Guardianyle-uutisetnosukrainska-pravdafazaftonbladetle-figaro+32 more8d ago43 sources

Russia Expels British Diplomat Accused of Espionage

Russia has ordered the expulsion of a British diplomat, the second secretary of the British embassy, accusing him of engaging in 'intelligence and subversive activities' and requiring him to leave the country.

How polling about insects can help us understand the US midterms
PoliticswapoThe Guardian1mo ago2 sources

How polling about insects can help us understand the US midterms

Trump’s disapproval rating indicates he’s less popular with Americans than some insects like ants. Will it mean anything in November? This was originally published in This Week in Trumpland; sign up to receive it in your inbox every Wednesday A couple of years ago, the polling company YouGov asked people about insects. The resulting survey found that butterflies are America’s favorite insect, with eight in 10 people having a “very or somewhat positive” reaction to them. Many journalists will tell you to never trust the polling, and they’ve been proven right many times over. Still, aren’t you curious how a random group of 1,148 adults feels about bugs? Continue reading...

Obama Says Aliens Exist But Are Not Kept In Area 51
Politicszerohedge1mo ago

Obama Says Aliens Exist But Are Not Kept In Area 51

Obama Says Aliens Exist But Are Not Kept In Area 51 Authored by Rachel Roberts via The Epoch Times, Former U.S. President Barack Obama said in a Feb. 14 podcast interview that aliens are real but that none are kept at the secretive Area 51 military base in the Nevada desert, later adding that he didn’t see any evidence indicating that extraterrestrials have contacted Earth during his presidency. In the interview, when asked, “Are aliens real?” Obama replied, “They’re real, but I haven’t seen them—and they’re not being kept in [Area 51]. There’s no underground facility, unless there’s this enormous conspiracy and they hid it from the president of the United States.” Obama became the first leader of the United States to affirm the existence of extraterrestrial life when questioned by progressive podcaster Brian Tyler Cohen in a video posted on YouTube. After the interview went viral, Obama said on Instagram that he wanted to “clarify” his comments to Cohen, writing that he was “trying to stick with the spirit of the speed round” while speaking on the podcast. “Statistically, the universe is so vast that the odds are good there’s life out there,” he wrote. “But the distances between solar systems are so great that the chances we’ve been visited by aliens is low, and I saw no evidence during my presidency that extraterrestrials have made contact with us. Really!” In 2013, Obama was possibly the first U.S. leader to acknowledge the existence of Area 51, an Air Force base built during the Cold War, which has long been rumored to house extraterrestrials and unidentified flying objects (UFOs). Cohen did not ask Obama a follow-up question on the issue. Instead, he asked the former president what his first question had been upon entering the White House. “Where are the aliens?” Obama joked in response. Some critics, including British political commentator Calvin Robinson, said Cohen should have asked Obama for more information about aliens. “When a former President of the United States says on the record there are aliens, YOU FOLLOW UP WITH RELEVANT QUESTIONS. You do not continue reading from your script,” he wrote on X. The U.S. government first acknowledged Area 51’s existence in 2013 through a Freedom of Information request and has declassified documents detailing its history and purpose. The base has been a testing ground for a host of top-secret aircraft, including the U-2 in the 1950s and later the F-117 stealth fighter. Trump Admin on Aliens President Donald Trump has expressed skepticism about the existence of aliens, while acknowledging that “anything is possible.” Trump addressed the subject in several media appearances during the 2024 presidential campaign. On a podcast with Lex Fridman, Trump said he would consider pushing the Pentagon to release additional UFO footage that many believe is classified. “Oh yeah, sure, I’ll do that. I would do that. I’d love to do that,” Trump said, noting that public pressure to disclose records relating to UFOs is similar to that surrounding the John F. Kennedy assassination. On Logan Paul’s “Impaulsive” podcast in June 2025, Trump said, “Am I a believer? No, I can’t say I am." “But I have met with people, serious people, that say there’s some really strange things flying around out there.” Trump added that given the size of the universe, “Why wouldn’t there be something, somebody?” Vice President JD Vance has expressed his personal enthusiasm, telling the “Ruthless” podcast in August 2025 that he is “obsessed with the whole UFO thing.” “What’s actually going on? What were those videos all about? What’s actually happening?” Vance probed. Director of National Intelligence Tulsi Gabbard said last August that she believes aliens may exist and that the U.S. government holds classified information on the subject. Director of National Intelligence Tulsi Gabbard in Washington on Dec. 2, 2025. Andrew Caballero-Reynolds/AFP via Getty Images Gabbard pledged to share disclosures from ongoing investigations into UFOs amid growing discussion of the phenomena at the highest levels of government. Pentagon Cases Unresolved The Pentagon’s All-domain Anomaly Resolution Office (AARO) continues to investigate more than 1,600 reports of “unidentified aerial phenomena,” an official term that has largely replaced “UFOs.” At a Senate Armed Services Committee hearing in November 2024, AARO’s director, Jon T. Kosloski, detailed cases the military believes it has solved—such as the widely circulated 2016 “GOFAST” video, now thought to show an object flying at 13,000 feet rather than right above the water—as well as other incidents which have so far defied explanation. Previous presidents, including Bill Clinton and Jimmy Carter, have discussed their curiosity about alien life without confirming a belief in it. Carter reported that he saw an unidentified bright object in the sky when he was governor of Georgia in 1969, although he later said it was likely a natural phenomenon. A view of Area 51. Google Maps/Screenshot via The Epoch Times Clinton said that he was curious about the possibility of extraterrestrial life and that he had asked aides to look into both Area 51 and the Roswell incident of 1947, which gave rise to much speculation about a government cover-up. After Air Force personnel recovered metallic and rubber debris near Roswell, New Mexico, the U.S. Army Air Forces announced that they were in possession of a “flying disc” before retracting the statement within a day. Clinton said he was told there was no evidence of alien life in connection with the incident. In 1995, he joked about the Roswell incident, saying, “If the U.S. Air Force did recover any alien bodies, they didn’t tell me about it.” The American public is increasingly convinced that aliens exist and have visited Earth, according to recent polls. More than half (56 percent) of Americans believe extraterrestrials definitely or probably exist, according to a 2025 YouGov poll. Democrat (61 percent) and Independent (59 percent) voters are more likely than Republicans (46 percent) to believe aliens exist, with 73 percent of Americans believing the government would hide evidence of UFOs if it had any, and just 13 percent thinking it would be transparent, according to the same survey. Tyler Durden Tue, 02/17/2026 - 17:00

Panics, Politics, & Power: America's 3 Experiments With Central Banks
Financezerohedge1mo ago

Panics, Politics, & Power: America's 3 Experiments With Central Banks

Panics, Politics, & Power: America's 3 Experiments With Central Banks Authored by Andrew Moran via The Epoch Times, The Federal Reserve, established more than a century ago, is the United States’ third experiment with central banking. For much of its existence, the institution maintained a low public profile. Only after the 2008 global financial crisis did the Fed begin communicating more openly, introducing post-meeting press conferences and allowing monetary policymakers to engage more frequently with the media. Greater transparency, however, has brought greater scrutiny. Public sentiment toward the Fed and its leadership has fluctuated over the years. Today, YouGov polling suggests the central bank is viewed favorably by 44 percent of Americans and unfavorably by 18 percent. If the Fed pursues a series of reforms, it will have “another great 100 years,” said Kevin Warsh, who was nominated by President Donald Trump to serve as the institution’s next chair. Comparable to past central banks, Warsh said, the current Federal Reserve System is beginning to lose the consent of the governed. “You can think about the Jacksonians of prior times say that the central bank seems like they’re trying to focus and they’re all preoccupied with those special interests on the East Coast, and they’ve lost track of what’s happening to us in the center of the country,” Warsh said in a July 2025 interview with the Hoover Institution’s Peter Robinson. “It’s a version of what worries me today.” What happened in the past, and why is it relevant to today’s central bank? The First Bank of the United States In the aftermath of the American Revolution, the United States faced a series of immense economic disruptions, forcing the nation’s architects to rebuild the economy. The objective was to lower inflation, restore the value of the nation’s currency, repay war debt, and revive the economy. Alexander Hamilton, the first secretary of the Treasury under the new Constitution, proposed establishing a national bank modeled on the Bank of England. Hamilton stated that a U.S. version would perform various duties, including issuing paper money, serving as the government’s fiscal agent, and protecting public funds. Not everyone shared Hamilton’s ebullience over a central bank. Thomas Jefferson, for example, feared that such an institution would not serve the nation’s best interests. Additionally, Jefferson and other critics argued that the Constitution did not grant the government the authority to create these entities. Nevertheless, Congress enacted legislation to establish the Bank of the United States. President George Washington then signed the bill in February 1791. Two of America's founding fathers: Thomas Jefferson (L) and Alexander Hamilton. The White House While bank officials did not conduct monetary policy as modern central banks do, they did influence the supply of money and credit, as well as interest rates. The entity managed the money supply by controlling when to redeem or retain state‑bank notes. If it sought to tighten credit, it would require payment in gold or silver, thereby draining state banks’ reserves and limiting their ability to issue new notes. If it wanted to expand credit, it simply held on to those notes, boosting state‑bank reserves and enabling them to lend more. By 1811, the national bank’s charter expired. While there had been discussions of allowing it to continue maintaining operations, Congress—both chambers—voted against renewing its mandate by a single vote. Its closure came shortly before the War of 1812, which fueled inflation and weakened the currency. Second Bank of the United States Lawmakers believed another central bank was critical at a time of fiscal, inflationary, and trade pressures. Congress used a similar 20-year model to produce the Second Bank of the United States, headed by Nicholas Biddle. The second incarnation had a federal charter, was privately owned, and was tasked with regulating state banks (with gold and silver for note redemption). President James Madison, who opposed the first central bank on constitutional grounds, supported the new institution out of financial necessity. Its creation stabilized credit and brought down inflation. However, by the 1830s, the bank faced strong opposition, particularly from President Andrew Jackson. Labeled the Bank War, Jackson engaged in a years-long initiative to dissolve the central bank. Jackson claimed the national bank was a tool for the wealthy eastern elite and a threat to self-government. “The Jacksonians described themselves as conscious hard-money men who supported the rigid discipline of the gold standard, yet they opposed the newly powerful national Bank because it restrained the expansion of credit and, thus, thwarted robust economic expansion,” author William Greider wrote in “Secrets of the Temple.” In 1832, Jackson vetoed legislation to recharter the bank four years early, delivering a fiery message that historians say was one of the most important vetoes in the nation’s history. “It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government,” Jackson wrote. “There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me, there seems to be a wide and unnecessary departure from these just principles.” The charter expired in 1836, leading to the panic of 1837. An economic crisis unfolded, leading to bank failures, business bankruptcies, rising unemployment, and contracting credit. While the collapse of the central bank is often considered a leading cause, the British also urged London banks to reduce credit to American merchants, causing a sharp drop in global trade. As the smoke cleared and dust settled, it was not until the 1840s that the United States embarked on a historic economic recovery, now known as the Free Banking Era. Banking was decentralized, and finance was largely unregulated. Despite an erratic financial system, the U.S. economy grew rapidly: agricultural production accelerated, railroads were built, and the country expanded westward. Additionally, deflation was paramount throughout most of the economic expansion. The Federal Reserve System The panic of 1907 led to the creation of the Federal Reserve System. Following years of heavy borrowing, speculative commodities investments (mainly copper), and enormous stock market gains, a financial crisis was brewing. The event nearly brought down the U.S. banking system. J.P. Morgan, a financier, intervened and emulated the actions of modern central banks. He met with the nation’s top bankers, facilitated emergency loans to financial institutions, and backed stockbrokers. The damage had been done as the United States fell into a year-long recession, marked by high unemployment and widespread bank failures. The Federal Reserve Board of Governors seal in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times Washington realized that it could not rely on private bailouts to prevent sharp downturns. Sen. Nelson Aldrich (R-R.I.) is widely regarded as one of the chief architects of the modern Federal Reserve System. In 1910, Aldrich hosted the famous Jekyll Island meetings, a gathering of U.S. officials and bankers, to discuss the blueprint of a new central bank. While the initial draft laid the foundation for the institution, the official Federal Reserve Act was drafted by President Woodrow Wilson, Rep. Carter Glass (D-Va.), and H. Parker Willis, an economist on the House Banking Committee. The new system was a public-private hybrid, with the federal government firmly in charge, and bankers running the regional reserve banks. “It was Wilson’s great compromise,” wrote Greider, “creating a hybrid institution that mixed private and public control, an approach without precedent at the time.” The legislation triggered a contentious political debate over the extent of its independence from the Treasury and the degree of authority delegated to policymakers over currency issuance. Days before Christmas, the bill cleared both chambers and was signed into law by Wilson on Dec. 23. “Wilson’s conviction that he had struck the right moderate balance seemed confirmed, however, by the reactions to his legislation,” Greider noted. “It was attacked by both extremes—the ‘radicals’ from the Populist states and the bankers in Wall Street and elsewhere.” Since its inception in 1913, the modern Federal Reserve has undergone numerous changes and has gained greater power. The New Deal, for instance, allowed the Fed to become the lender of last resort as Washington learned the central bank could not prevent bank failures. In 1951, the Treasury-Fed Accord restored central bank independence after the Federal Reserve had been forced to keep interest rates artificially low throughout the Second World War. Congress then enacted the Federal Reserve Reform Act in 1977, establishing the dual mandate of promoting maximum employment and maintaining price stability. 2026 and Beyond Over the past 50 years, the Fed has undergone modest changes, including the issuance of forward guidance and the disclosure of emergency lending facilities. But while each new regime has nibbled around the edges, Warsh has suggested he could effect substantial reforms at the central bank. “Until there’s regime change at the Fed and new people running the Fed, a new operating framework, they’re stuck with their old mistakes,” Warsh told Fox Business Network in October 2025. “Bygones aren’t just bygones.” Tyler Durden Wed, 02/18/2026 - 16:20