Not even sure that this is worth a breaking, since it’s drones rather than missiles or planes, but Iran just launched a drone attack at Israel.
Iran launched a massive drone attack toward Israel Saturday night into Sunday morning local time, following through on its vow to retaliate against the Jewish state after several top Iranian commanders were killed in a suspected Israeli strike in Damascus earlier this month.
The Israeli military estimates that the attack involves over 100 drones, which won’t arrive in Israel for another few hours. Some reports indicate that the airborne operation will also include missiles. This would mark the first direct Iranian attack on Israeli soil.
On Friday, President Joe Biden said that Iran’s retaliatory attack against Israel was imminent and warned Tehran against carrying out the attack. “Don’t,” he said. U.S. officials believe the attack, once it hits Israel, will lead to a wider regional conflict that extends beyond Israel and Iranian proxies such as Hamas or Hezbollah.
Airspace in Israel, Iraq, and Jordan have been closed as the attack unfolds. U.S. and Israeli officials said they plan on intercepting the Iranian drones before they reach Israel, according to reports.
Early reports said “over 50,” now it’s “over 100,” and some Iranian sources say “500.”
It’s one thing to get drones past spread out Russian SAM systems, and quite another to get them past modern U.S. and Israeli aircraft, AWACS and Iron Dome.
Iran claims ballistic missiles are on the way. We’ll see. Nazi Germany hit London with V2s back in 1944, so it’s not like the basics are out of Iran’s technological reach. Still, I wouldn’t expect anything more sophisticated than a SCUD, and it wouldn’t surprise me if Iron Dome could shoot those down as well.
If it is just drones, it strikes me as more a performative strike than anything that will actually damage Israel. This was Iran gets to say “We struck back!” without actually committing serious assets.
Livemap says “dozens” of rockets have been fired from Lebanon, which is honestly pretty by the standards of Hezbollah rocket attacks.
Of course, Hamas isn’t launching any rockets, because they’ve contracted a terminal case of IDF.
Footage of an Israeli ABM (likely Arrow 2 or 3) achieving an exoatmospheric (space) kill on an Iranian ballistic missile somewhere east of Israel tonight. pic.twitter.com/jKihty4GR0
Exactly how much is California spending to combat homelessness — and is it working?
It turns out, no one knows. That’s the result of a much-anticipated statewide audit released Tuesday, which calls into question the state’s ability to track and analyze its spending on homelessness services.
The state doesn’t have current information on the ongoing costs and results of its homelessness programs because the agency tasked with gathering that data — the California Interagency Council on Homelessness — has analyzed no spending past 2021, according to the report by State Auditor Grant Parks. Three of the five state programs the audit analyzed — including the state’s main homelessness funding source — didn’t even produce enough data for Parks to determine whether they were effective or not.
The audit also analyzed homelessness services in San Jose and San Diego, finding both cities failed to thoroughly account for their spending or measure the success of many of their programs.
“The lack of transparency in our current approach to homelessness is pretty frightening,” said Assemblymember Josh Hoover, a Republican from Folsom who co-authored the request for the audit.
To the Democrats running the program, that “lack of transparency” is a feature, not a bug.
That means state policymakers have little data to go on when they make funding decisions related to what has become one of California’s most dire challenges.
“The State Auditor’s findings highlight the significant progress made in recent years to address homelessness at the state level, including the completion of a statewide assessment of homelessness programs,” the Interagency Council on Homelessness wrote in an emailed statement. “But it also underscores a need to continue to hold local governments accountable, who are primarily responsible for implementing these programs and collecting data on outcomes that the state can use to evaluate program effectiveness.”
As the homelessness crisis has intensified, California under Gov. Gavin Newsom’s leadership allocated an unprecedented $24 billion to address homelessness and housing during the last five fiscal years, according to the Legislative Analyst’s Office.
Nine state agencies administered more than 30 programs aimed at preventing or reducing homelessness. Some of those programs did such a poor job tracking their outcomes that it’s impossible to tell if they’ve been successful, according to the audit, which marks the first such large-scale accounting of the state’s homelessness spending.
The report evaluated five state homelessness programs and found two “likely” are cost-effective. Newsom’s signature Homekey program helps cities and counties turn hotels and other buildings into homeless housing at an average cost of $144,000 per unit (in the program’s first round), compared to the $380,000-$570,000 it would cost for new construction. The CalWORKS Housing Support Program, which gives financial help to families who are homeless or at risk of becoming homeless, also saves the state money because it’s much cheaper to help someone stay housed than it is to help them find housing once they become homeless.
The auditor found the CalWORKS program spent an average of $12,000-$22,000 per household, while a single chronically homeless person can cost taxpayers as much as $50,000 per year.
Funny how Democrats are always willing to spend more to help drug-addicted transients than many taxpaying citizens make in a year.
But for three other programs, the state hasn’t collected enough data for the auditor to make an assessment: the State Rental Assistance Program (which helped people pay rent and other expenses during the COVID-19 pandemic), the Encampment Resolution Fund (a program Newsom launched to help cities clean up specific encampments) and the Homeless Housing, Assistance and Prevention program (the state’s main source of general homeless funding, also known as HHAP).
“Fundamentally, the audit depicts a bit of a data desert,” Sen. Dave Cortese, a Democrat from Santa Clara County who joined Hoover in asking for the audit, said during a media call.
For example, nearly one-third of people who left placements funded by the Homeless Housing, Assistance and Prevention program left for “unknown” destinations, according to the auditor’s analysis of round-one funding in Los Angeles, San Diego, Santa Clara and San Francisco counties. That ambiguous data makes it impossible to tell if the program has been successful, the auditor wrote. Even so, the state authorized billions of dollars for four additional rounds of funding.
I’m sure the programs are considered a “success” by Democrats because they provide a giant bucket to dole out graft and fraud to the leftwing activists working in the Homeless Industrial Complex.
But I have a deep suspicion that things are even worse than we think. Remember the effort to recall Newsom, and how Democrats from across the country sprang immediately to his aid? At the time, Scott Adams said that protecting Newsom was “the top process in the system.” I suspect that California’s homeless programs are not just a channel for graft and fraud to left-wing activists in California, but a way to rake off money directly to Democratic Party campaigns and coffers nationwide. (Though certainly not the only source. Remember how $850 million in the hands of New York City Democratic mayor Bill de Blasio’s wife just sort of magically disappeared?)
If Trump wins in November, a law should be passed allowing federal audits of state social programs that accept federal block grants. Money from the American taxpayer is being siphoned off, and we deserve to know where.
It’s been a week of petty frustrations, with simple things like paying for online transactions made impossible by websites that send out the wrong information despite the right information being on file. Speaking of frustration, Americans continue to be battered by high inflation, blacks continue to abandon Biden, and it turns out that the Pope might, just might, be Catholic after all.
A hotter-than-expected consumer price index report rattled Wall Street Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading.
Along with the overall inflation measure, economists also look at the core CPI, which excludes volatile food and energy prices, to find the true trend. The supercore gauge, which also excludes shelter and rent costs from its services reading, takes it even a step further. Fed officials say it is useful in the current climate as they see elevated housing inflation as a temporary problem and not as good a measure of underlying prices.
Supercore accelerated to a 4.8% pace year over year in March, the highest in 11 months.
Tom Fitzpatrick, managing director of global market insights at R.J. O’Brien & Associates, said if you take the readings of the last three months and annualize them, you’re looking at a supercore inflation rate of more than 8%, far from the Federal Reserve’s 2% goal.
According to a Wall Street Journal Swing State Poll, blacks, especially black males are abandoning Biden in huge numbers.
While most Black men said they intend to support Biden, some 30% of them in the poll said they were either definitely or probably going to vote for the former Republican president. There isn’t comparable WSJ swing-state polling from 2020, but Trump received votes from 12% of Black men nationwide that year, as recorded by AP VoteCast, a large poll of the electorate.
That’s an 18 percentage point swing, minimum, for black males, if the national results and the swing state voting is similar.
By confirmed, I mean those who said they intended to vote for Trump.
The gap is even larger if we factor in undecided voters. Biden is down by a massive 30 percentage points vs 2020.
Good: A teacher helping her son with homework. Bad: A teacher helping her son force female students into sex trafficking. “Klein Cain High School cosmetology teacher Kedria McMath Grigsby is accused of helping her son, Roger Magee, force the troubled teens into prostitution.”
Investigative science writer Paul Homewood last year discovered considerable tampering in 2022 with the recent CET record. He initially found that in version one, the summer of 1995 had been 0.1°C warmer than 2018. In version 2, the two years swapped places with 1995 cooled by 0.07°C and 2018 warmed by 0.13°C. Alerted to these changes, Homewood then analysed the full record from version 1 to 2, and the graph below shows what he found.
As can be seen, the adjustments up to 1970 are small with ups and downs offsetting each other. Homewood then found that the years from 1970 to 2003 had been cooled markedly, followed by significant rises to 2022. Homewood concludes that “unfortunately it is part of a much wider tampering with temperature globally – and the tampering is always one way, cooling the past and heating the present”. Given that we now know that the Met Office has been using class 4 statistics for two thirds of its database since 2006, the recent higher adjustments would seem to call for clarifying explanations from the state-funded Met Office.
Lt. Gov. Dan Patrick has announced his interim charges for the Senate, a set of 57 issues he is calling on Senate Committees to investigate and research ahead of the legislative session next year.
The list of charges runs the gamut of issues conservatives have called on the legislature to address, including property tax relief, protecting Texas land from hostile foreign ownership, and strengthening laws preventing electioneering by school districts and other political subdivisions.
Some of the biggest reform proposals, however, have been reserved for higher education.
Patrick has asked the Higher Education Subcommittee to study and make recommendations regarding the role of ‘faculty senates’, antisemitism on college campuses, as well as to review the implementation of a new state law banning DEI (Diversity, Equity, and Inclusion) in state universities that went into effect earlier this year.
“The Senate’s work to study the list of charges will begin in the coming weeks and months. Following completion of hearings, committees will submit reports with their specific findings and policy recommendations before December 1, 2024,” said Patrick.
When you think Houston Democratic Congresswoman Shelia Jackson Lee has already said the stupidest thing she possibly can, she goes out and proves you wrong.
Thanks to New York City’s idiotic rent control laws, not only would a hotel guest refuse to pay rent or leave, but a court actually ruled that he was the owner of the hotel.
First class stamps are going up to 73 cents. Thanks, Joe Biden.
If the commies running Vietnam accuse someone of a crime, I don’t automatically trust them, but Truong My Lan may actually be guilty.
Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country’s largest banks over a period of 11 years.
It’s a rare verdict – she is one of very few women in Vietnam to be sentenced to death for a white collar crime.
The decision is a reflection of the dizzying scale of the fraud. Truong My Lan was convicted of taking out $44bn (£35bn) in loans from the Saigon Commercial Bank. The verdict requires her to return $27bn, a sum prosecutors said may never be recovered. Some believe the death penalty is the court’s way of trying to encourage her to return some of the missing billions.
The habitually secretive communist authorities were uncharacteristically forthright about this case, going into minute detail for the media. They said 2,700 people were summoned to testify, while 10 state prosecutors and around 200 lawyers were involved.
The evidence was in 104 boxes weighing a total of six tonnes. Eighty-five others were tried with Truong My Lan, who denied the charges and can appeal.
All of the defendants were found guilty. Four received life in jail. The rest were given prison terms ranging from 20 years to three years suspended. Truong My Lan’s husband and niece received jail terms of nine and 17 years respectively.
Snip.
By 2011, Truong My Lan was a well-known business figure in Ho Chi Minh City, and she was allowed to arrange the merger of three smaller, cash-strapped banks into a larger entity: Saigon Commercial Bank.
Vietnamese law prohibits any individual from holding more than 5% of the shares in any bank. But prosecutors say that through hundreds of shell companies and people acting as her proxies, Truong My Lan actually owned more than 90% of Saigon Commercial.
They accused her of using that power to appoint her own people as managers, and then ordering them to approve hundreds of loans to the network of shell companies she controlled.
The amounts taken out are staggering. Her loans made up 93% of all the bank’s lending.
According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.
That much cash, even if all of it was in Vietnam’s largest denomination banknotes, would weigh two tonnes.
I've been waiting 29 years to tell this story about OJ and his days at USC. Now that he's dead (may he burn in hell) I have a story that I signed an NDA for that is no longer valid. I was a junior at USC working in Topping Student Center on campus in 1995. I was an administrative…
I think everything that needs to be said about the O.J. trial has been said, so I’m just using this as an opportunity to put up videos of Norm Macdonald on Saturday Night Live (which, I assure you, was actually funny at various points in its history) slamming O.J.:
Remember when a whole lot of blue locales legalized shoplifting, either de jure (California) or de facto (a whole bunch of cities that elected Soros-backed prosecutors), and then were shocked, shocked when shoplifting soared?
Tuesday Morning Governor Ron DeSantis signed a retail theft bill into law, instituting a severe crackdown on the Sunshine State’s high levels of shoplifting and porch piracy.
“We’re a law and order state. If you do the crime, you do the time,” DeSantis said. He hosted his press conference at a Walgreens in Stuart, telling Floridians they will no longer have to deal with a “Fort Knox” style situation to simply buy toothpaste.
“It’s all under lock and key for basic items. You gotta get a clerk to come and open it and all this stuff just to do basic shopping. That is not something that is good for quality of life,” he said.
HB 549 makes it a third-degree felony to work with five or more people to commit retail theft. Using social media to plan these thefts would be a second-degree felony, and committing a second offense lands offenders a first-degree felony.
The bill follows Florida’s 2022 loss of $5.421 billion in revenue to theft, meaning retailers lost $302.05 in sales per capita. In 2023, destination city Miami ranked in the top 10 areas for the highest rates of retail theft.
The new law also targets porch pirates, or people who steal packages off of other people’s doormats. Stealing someone’s item worth less than $40 is now a first-degree misdemeanor, and doing it again or stealing property worth over $40 becomes a third-degree felony—up to five years in prison.
“Florida has set the blueprint for other states,” Attorney General Ashley Moody said Tuesday, lauding the effort to be “proactive” in fighting crime.
DeSantis has maintained that Florida is the “law and order state”, stressing that this is not the first time he’s signed off on severe penalties for lawbreaking. He passed a comprehensive “Law and Order” legislation package last year, targeting drug-related crimes, human smuggling, child rapists, and sex criminals, and easing the process to sentence offenders to death.
Being soft on crime gets you more crime. This isn’t exactly rocket science. You have to be a Democrat to ignore this most basic of truths.
Texas should look at DeSantis’ crime initiatives, and think about implementing then in places where we’ve fallen behind in keeping people safe, and to keep Soros prosecutors from inflicting higher crime rates on citizens in the name of “reform.”
The State of Texas and Harris County will again duke it out in court, this time over a guaranteed basic income pilot program that would give 1,500 households in the county $500 per month.
Harris County announced the program last year through Harris County Public Health. On Tuesday, the Office of the Attorney General (OAG) filed suit asking the court to halt its implementation before the April 24 start date.
Attorney General Ken Paxton said of the suit, “This scheme is plainly unconstitutional. Taxpayer money must be spent lawfully and used to advance the public interest, not merely redistributed with no accountability or reasonable expectation of a general benefit. I am suing to stop officials in Harris County from abusing public funds for political gain.”
The OAG’s suit reads, “There is no such thing as free money — especially in Texas. The Texas Constitution expressly prohibits giving away public funds to benefit individuals — a common sense protection to prevent cronyism and ensure that public funds benefit all citizens.”
Central to the state’s argument is that counties, “unlike home-rule cities,” have a substantially more narrow scope of authority. “[T]he legal basis for any action taken must be grounded ultimately in the constitution or statute,” the filing adds.
Both cities and counties are creations of the state, but municipalities have the home-rule provision that grants them a broader array of authority than is granted to counties. The range of that home-rule status is the subject of another suit, this one flowing in the opposite direction, against the Texas Legislature’s new field preemption law passed last year.
The City of Austin just completed the first year of its universal basic income program, allotting 85 families with $1,000 per month.
If there’s any insane, hard left, unconstitutional socialist program idea, there’s a good chance Austin will be in the forefront of pushing for it.
Texas’ contention here is that while a home-rule municipality could enact such a program, a county is explicitly precluded by the Texas Constitution.
Article III, Section 52(a) reads: “Except as otherwise provided by this section, the Legislature shall have no power to authorize any county, city, town or other political corporation or subdivision of the State to lend its credit or to grant public money or thing of value in aid of, or to any individual, association or corporation whatsoever, or to become a stockholder in such corporation, association or company.”
The suit adds, “Second, Harris County does not retain public control over the funds. As described above, the payments have ‘no strings attached,’ and the recipients can use the money however they wish.”
The OAG requests a temporary restraining order against the program and, eventually, a permanent injunction against its operation.
Using taxpayer money to pay people for breathing (or existing) is one of the stupidest pieces of socialist bullshit to come down the pike in many a moon. It’s immoral to take money from those who work in order to bribe those who don’t. It’s also a great way to kickback money directly to the hands of leftwing activists, since the grifters claim that they cannot reveal people receiving such payoffs due to “confidentiality.”
Despite the hosannas offered up by the hard left and economic illiterates everywhere to the scheme as a means of helping the poor, the Seattle-Denver Income Maintenance Experiment (SIME/DIME) experiments showed such no-strings-attached checks from the government hurt the recipients, reducing both the desire to work and lowering actual income among the recipients. See Charles Murray’s Losing Ground, pages 150-153 for details.
Any “Guaranteed Income” taking money from taxpayers and paying people not to work is not just unconstitutional, a bad idea and a moral hazard, it’s an avenue for fraud and an insult to anyone who works for a living.
It’s just another in a long line of illegal left wing experiments from Hidalgo’s office, all of which deserve to be crushed like bugs.
The labour market is tightening – and it’s getting harder to find a job. In the wake of the Great Resignation, which drove more job vacancies than employers could fill, workers often had their pick of open roles. Now, they have largely lost their leverage among layoffs and budget cuts, and those open positions are increasingly rare.
Still, roles do exist – or at least appear to. Job boards like LinkedIn and Indeed continue to advertise open positions, and workers are actively submitting applications. Yet despite an influx of highly qualified candidates, plenty of desirable job adverts have languished on digital platforms with an increasingly common label: “Posted 30+ days ago”.
While the listings may be old, job seekers generally still assume companies are actively hiring for the roles. The truth is more complicated. Some of these are simply not-yet-removed adverts for jobs that have been filled – but some were never meant to be filled at all. These are ‘ghost jobs’, and they’re becoming an increasingly common – and problematic – obstacle for job seekers.
Snip.
Despite the influx of candidates, a staggering number of listings don’t result in hires. Revelio Labs, a US-based workforce intelligence firm, showed that the ratio of hires per job posting fell below 0.5 in 2023, meaning that more than half of listings did not result in an employer turning an applicant into an employee.
Clarify Capital, a New York-based business loan provider, surveyed 1,000 hiring managers, and found nearly seven in 10 jobs stay open for more than 30 days, with 10% unfilled for more than half a year. Half the respondents reported they keep job listings open indefinitely because they “always open to new people”. More than one in three respondents said they kept the listings active to build a pool of applicants in case of turnover – not because a role needs to be filled in a timely manner.
The posted roles are more than just a talent vacuum sucking up resumes from applicants. They are also a tool for shaping perception inside and outside of the company. More than 40% of hiring managers said they list jobs they aren’t actively trying to fill to give the impression that the company is growing. A similar share said the job listings are made to motivate employees, while 34% said the jobs are posted to placate overworked staff who may be hoping for additional help to be brought on.
“Ghost jobs are everywhere,” says Geoffrey Scott, senior content manager and hiring manager at Resume Genius, a US company that helps workers design their resumes. “We discovered a massive 1.7 million potential ghost job openings on LinkedIn just in the US,” says Scott. In the UK, StandOut CV, a London-based career resources company, found more than a third of job listings in 2023 were ghost jobs, defined as listings posted for more than 30 days.
It was bad enough looking for a job during the Biden Recession, and the ghost job listings just make things worse.
Now you’ll have to excuse me. I have some job applications to fill out…
Suchomimus mentions that this is long enough range to hit the large oil refinery in Omsk. Which is true, but if it can reach that far, there are a lot of logistic choke-points now in range that have the potential to put a world of hurt on Russia:
If you can hit Omsk, you can hit the Transiberian railway bridge over the Irtysh river, which Deep State marks (I’m using a launch point of Lyman in Ukraine for all these) as 2494km. As far as I can tell, that’s the only rail line in Russia that connects Moscow with Russia’s far eastern oblasts*. Russia could reroute some traffic through Kazakhstan’s rail network (which runs on the same Soviet 1,520 gauge rails), but I imagine there would be considerable pain in rerouting things that way.
You could hit the E30 highway bridge over the Ishim river near Abitskiy AKA Abatskoe (2324km). Compared to America and China, Russia has a very poor road network east of the Urals. E30 is their only decent east-west highway. You could possibly run some trucks down smaller roads, some of which may not even be paved, or, again, reroute some traffic through Kazakhstan’s highway network, depending on how the Kazakhs feel about it. At the very least, they’ll want to get paid…
There aren’t many crossing spots across the Ob river further north. Hit the rail bridge near Surgut (2582km), the one south of there across the Protoka Yuganskaya Ob (2577km), and, for good measure, the highway bridge just south of Nefteyugansk (2549km), and you’ll put northern Russian transportation in a world of hurt. (Of course, those areas are sparsely populated, and I don’t know how much material extraction done there is vital to the war effort.)
This is hardly an exhaustive list, and was only what I came up with off the top of my head and with a little Google map work. Russia east of the Urals is has extremely poor infrastructure, is crossed by rivers with few bridges (some places where you think there has to be a bridge only has a ferry), and hitting the right parts of that would require Russia to expend a lot of time, effort and logistical difficulty to repair. (Russia’s military has an number of railroad repair units, with the 48th Separate Railway Brigade in Omsk being the most relevant to this discussion, but they have to be able to get there, and get the materials to repair the damage, and bridge repair presents a whole different level of difficulty, like finding a floating crane and getting it in place.) You hit a few Transiberian choke-points and it puts a serious crimp in Russia-China trade, including most heavy military equipment China is selling.
Caveats: The map is not the territory, and bridges can be hard to take out. But 350kg of a modern explosive is not a small charge, and there are a whole slew of logistical targets to be found within 3,000km of Ukrainian territory.
*And krals. And autonomous okrugs. Russian administrative divisions are weird…
— The Redheaded libertarian (@TRHLofficial) March 29, 2024
I was particularly struck by the phrase “fundamentally unwifeable.” Add “social justice” to “feminism” for the reason. As for “Disney Princess programming,” the Disney Princess thing has been around for over half a century. So why have things gotten so much worse on that front over the last 20 years?
On the flipside, here’s a 20-something girl complaining that she can’t afford rent. She apparently deleted the original tweet, but she said her rent had jumped from something like $1,200 a month to $1,600 a month, and she was having trouble affording food. Thanks, Joe Biden! Rent inflation is real, especially in blue cities where regulation prevents new housing being built to meet demand, but if your rent is that much, then you either need to move further out, find roommates to share rent with, or you need to consider moving to a less expensive city entirely.
During an Austin City Council meeting on public safety, Austin-Travis County Emergency and Medical Services (EMS) spoke about the rising rates of opioid deaths in the county.
“Travis County now has twice as many opiate overdose deaths than any other county in Texas, per capita,” said Steven White, acting assistant chief for Austin-Travis County EMS.
White explained how the opioid crisis began in the community in 2016, “with a severe increase in 2017.”
White elaborated that in 2018 there were about 30 overdoses per month, and “now we’re averaging about 100 overdoses a month.”
He went on to show a heat map of where the overdoses are occurring, stating that “opioids do not seem to be contained by geographic barriers or financial barriers.”
“It really gets into every part of our community and touches every family [and] at some point will be affected by the opioid crisis.”
White also highlighted that “30 percent of all the opioid users who die of an overdose, at some point had contact with EMS in the previous 12 months before their death, which gives us an intersection point where we’re actually meeting these patients who have the potential to overdose and die.”
Another statistic he presented is that “patients that receive Narcan in the field by EMS have a 10 percent chance of having a fatal overdose in the next 12 months.”
Numerous commentators—especially those defending President Biden’s economic record—have puzzled over why Americans are sour about the state of the U.S. economy. Unemployment rates have returned to pre-pandemic lows, commentators correctly point out, and the official rate of inflation is declining. So why are Americans ignoring the view of many experts that the economy is doing well?
According to a striking new paper by a group of economists from Harvard and the International Monetary Fund, headlined by former Treasury Secretary Larry Summers, the answer is that Americans have figured out something that the experts have ignored: that rising interest rates are as much a part of inflation as the rising price of ordinary goods. “Concerns over borrowing costs, which have historically tracked the cost of money, are at their highest levels” since the early 1980s, they write. “Alternative measures of inflation that include borrowing costs” account for most of the gap between the experts’ rosy pictures and Americans’ skeptical assessment.
“Backlash Is Real‘: DEI Exodus Gains Steam Across Corporate America.”
The unraveling of “diversity, equity, and inclusion” initiatives was seen on the state level, as Red states rushed to ban DEI programs in 2023. Google, Facebook, and other tech companies slashed DEI staff by late last year. Early this year, universities began rolling back diversity programs, while Harvard President Claudine Gay was demoted.
DEI was doomed to fail, and corporations have been quickly scrambling to abandon mindless and profitless diversity programs with Marxist roots. The latest earnings call data shows that “DEI” mentions have collapsed from their peak in 2021, according to Axios, citing data from AlphaSense.
In January, Johnny Taylor, president of the Society for Human Resource Management, told Axios that corporate executives are fed up with DEI.
“The backlash is real. And I mean, in ways that I’ve actually never seen it before,” Taylor said, adding, “CEOs are literally putting the brakes on this DE&I work that was running strong” since George Floyd’s murder in early 2020.
Kevin Clayton, senior vice president and head of social impact and equity for the Cleveland Cavaliers, said the chief diversity officer role was all the rage across corporate America after Floyd’s murder. He said companies filled these positions “out of gilt,” and hiring wasn’t the best.
Axios noted, “Some businesses are cutting back funding, trimming DEI staff — and even considering pulling back on things like employee resource groups comprised of workers of various races, ethnicities or interests.”
The pushback on DEI is finding momentum across corporations and universities. Subha Barry, former head of diversity at Merrill Lynch, told Bloomberg last month: “We’re past the peak.”
Let’s hope so.
No one at the wheel: “Biden Reportedly Has No Idea He Issued ‘Trans Day Of Visibility’ Proclamation.”
Gen Z hates the lousy Biden economy and favors Trump over Biden. Though a word to those Gen Z sorts who complain about a 9-5 schedule being “unnatural”: A “natural” schedule is performing backbreaking hunter/gatherer or subsistence agriculture work from dawn to dusk 6-7 days a week and dropping dead before you turn 40…
Ukrainian drones hit a Russia drone production facility at Yelabuga, Tatarstan, which is almost 1,000 miles inside Russia, using a drone that looks a whole lot like a light aircraft.
Ukraine hits another Russian airbase with over 40 drones, and presumably took out even more Su-34s.
Whoops, make that three Russian airbases hit. including reports of three Tupolev Tu-95 “Bear” bombers damaged. (Yes, Russia still has a propeller-driven bomber in service. It can carry nuclear weapons and launch cruise missiles.)
Gun crimes evidently mean being released without bail if the perp is an illegal alien.
“Cost estimates more than double to replace failing Austin arts center building.” Note the “Extended community engagement: $1 million” which is code for “Payoffs to leftwing activists.” (Hat tip: Dwight.)
“Paxton Seeks to Investigate Boeing Parts Supplier, DEI Initiatives. Attorney General Ken Paxton is seeking to investigate Spirit AeroSystsems after public outrage involving Boeing’s aircraft manufacturing issues.”
Boeing stated in 2022 that “for the first time in our company’s history, we tied incentive compensation to inclusion.”
Boeing’s 2023 Global Equity, Diversity, and Inclusion report explains that “diversity must be at the table for every important decision our company makes – every challenge we face, every innovation we design. Equity, diversity and inclusion are core values because they make Boeing — and each of us individually — better.”
According to the report, racial and ethnic minorities now hold 41.4 percent of jobs in the U.S. Boeing Commercial Airplanes Unit, and 28.3 percent in the U.S. Boeing Defense, Space, and Security. In 2022, U.S. racial and ethnic minorities made up 47.5 percent of new hires at Boeing.
You know what I want at the table for every important Boeing decision? Planes not falling out of the sky.
Intel lost $7 billion last year. Intel has a technology roadmap to get its process tech back on track, but failure to execute on previous nodes is what got them into this mess.
In addition to having fingers in the pie in Syria and Yemen in addition to their proxy war with Israel, Iran also has to deal with Sunni Baluch separatist organization Jaish al-Adl (“Army of Justice”) on their own territory, where they killed at least 11 Iranian security force members.
“Belew, Vai, Levin and Carey Play 80’s King Crimson.” Sign me up. Edited to Add: Crap, tickets went on sale for the Austin show in September TODAY. I was just barely able to snag two tickets in nosebleed…
