Archive for the ‘Economics’ Category

The Price Of Ramen In China

Sunday, June 2nd, 2024

There’s an idiomatic express that seems to have fallen out of common usage: “What does that have to do with the price of Tea in China?” The phrase indicates that they speaker has no interest or use in the information you’re conveying. This video has me curious as to what the price of one packet of dried ramen noodles goes for in China.

China seems to be having an unenviable bout of stagflation, with both unemployment and inflation rising at the same time. (So, for that matter, are we, though not as severe, and one which our elites controlling economic data seem determined to hide as much as possible.) In the video, people are complaining that packaged ramen noodles are going up from 2.8 to 3 yuan. (An online Chinese retail price tool puts it at a statistically indistinguishable 2.98 yuan.) At official exchange rates, 3 yuan is about 41¢.

Back in the days of being a poor college student, I could generally eat on 20 dollars a week. Rice, spaghetti, luncheon meat sandwiches, hot dogs and ramen were regular staples. Good ramen (Maruchan or Top Ramen) could readily be found five for $1, and the generic brand (back then they had literal generic brands with plain white packaging) could even be had for 15¢ a pop.

Those days, of course, are long gone. An individual pack of Maruchan Ramen is now 30¢ at Walmart, or 31¢ at HEB.

I had always had the vague impression that China exported ramen to the U.S., but Maruchan is actually packaged just south of San Antonio in Von Ormy.

It’s surprising to me that ramen, the college student survival staple, is actually more expensive in China than here, despite average Americans being much wealthier than average Chinese.

It must really, really suck to be poor in China right now…

Wargaming Russia’s Collapse

Thursday, May 30th, 2024

Several people have wargamed possible outcomes to the Russo-Ukrainian War, but probably few have so literally gamified it.

His argument is pretty simple: Russia has X-industrial capacity, it’s using up Y amounts of war material, broken down into rough categories of how much Z time it takes to replace said war material. As this material is used up faster than it can be replaced, a scale estimates the chances of the Russian lines collapsing due to lack of material to carry on the fight, which runs from 10% in June to 100% on December 26, 2026.

There is a certain rough and ready logic to this analysis, and Russia is using up its stockpiles of Soviet-era equipment at an unsustainable rate, especially when it comes to aircraft. But there are numerous problems with this gamified analysis:

  • This is an abstraction of an abstraction of an abstraction. The map is not the territory, and the Russo-Ukrainian War is not a game of Strategic Conquest where any city’s productive capacity can be set to any task.
  • It’s not a question of how much generic productive capacity, it’s how much steel, gas, titanium, precision machinery, semiconductors, etc., Russia can produce.
  • By assuming Europe will keep Ukraine well supplied with war material, the YouTuber (Mark Biernat, “a Ph.D. student in Poland and teach college economics in the US”) is making assumptions that may not be warranted, especially when it comes to manpower, which may be a serious constraint on Ukraine.
  • It also assume that Russia won’t change it’s wasteful, grinding assault tactics to conserve men and material. Maybe not a bad bet, given their continued stupidity, but not a sure thing.
  • The author has not covered the general state of the Russian economy here, but he seems to have gone into that in other videos. The problem is that YouTubers have correctly predicted 10,000 of the last zero Russian economic collapses, so I’m getting a little jaded on this front. Russia’s economy is clearly in trouble, but large economies can stay in trouble for quite a long time before collapsing.
  • I am broadly sympathetic to the author’s thesis and worldview, but this argument is too abstracted from reality for me to assign any veracity to the estimation dates for possible collapse.

    China Throws Money At Semiconductors Again

    Monday, May 27th, 2024

    Madness is doing the same thing over and expecting different results, and China is throwing money at semiconductors again.

    China has launched a massive $47 billion fund, the largest in its history, to bolster its semiconductor industry and establish a local supply chain. This fund, equivalent to 344 billion yuan, is the third phase initiated by the China Integrated Circuit Industry Investment Fund [also known as the National Integrated Circuit Industry investment Fund Company (ICF), or just “Big Fund.”-LP]. It’s worth noting that this amount is twice the total funds raised in the previous phases in 2014 and 2019.

    Do you remember the last time I covered where the money went to in those previous phases? The money went to companies like Wuhan Hongxin Semiconductor Manufacturing Co. Result? “Hongxin’s unfinished plant in the port city of Wuhan now stands abandoned. Its founders have vanished, despite owing contractors and investors billions of yuan.”

    Or maybe Tsinghua Unigroup. Result? The arrested a whole lot of executives, a lot of money disappeared into various pockets, and “Tsinghua Unigroup abandoned its plan to build DRAM memory chip manufacturing plants in Chongqing and Chengdu in southwest China earlier this year.”

    As I wrote before, China’s semiconductor industry is shell games all the way down.

    At lot of times, loans and investments are siphoned through four or five different entities from the purposes for which they were originally obtained. Everyone’s trying to get rich, and they hope to survive on smoke and mirrors long enough to get profitable. Imagine if Kleiner Perkins invested $25 million in a software startup, only to find that money was spent on a noodle shop, a used car dealership and a golf club manufacturer.

    Sometimes it works. You can build a company on margin, get profitable quickly, and be paying off investors and contractors before anyone realizes how shaky the entire enterprise is.

    But you can’t do that with semiconductor manufacturing. The startup costs are simply too high, easily in the billions. Very, very few companies can afford to be in a game that expensive. China’s two biggest semiconductor manufacturing success stories, SMIC and Tsinghua Unigroup, all have have CCP direct government investment.

    And bunches of Tsinghua Unigroup executive still got pinched for sticking their snouts into the trough.

    And everything should theoretically be harder now that the U.S. has imposed sanctions on China’s semiconductor industry. But one wonders just how effective these sanctions are when Applied Materials reported that 43% of its total revenue came from China in the second quarter. That suggests a certain kayfabe quality to the sanction, with just the right loopholes for AMAT (and presumably other semiconductor equipment manufacturing giants like Lam Research and Tokyo Electron) to keep getting those conveyor belts of Chinese money.

    My assumption is that, yet again, the funds earmarked for semiconductor companies will be siphoned off into a thousands unrelated pockets. (Though the rest of China’s business climate is sucking so badly that maybe some money will actually fund real semiconductor startups, if only through lack of other money-making opportunities to siphon funds off for.) Sanctions will continue to leak. A few years from now, China will announce the arrests of more executives using the Big Fund to play more investment shell games. And five years from now China will announce an even bigger set of subsidies…

    LinkSwarm for May 17, 2024

    Friday, May 17th, 2024

    More Biden corruption unearthed, the Biden Recession has canaries dying left and right, yet another Katy ISD teacher involved in child sex crimes, and Phoebe Waller-Bridge is being given another tomb raider to destroy. It’s the Friday LinkSwarm!

  • Missouri AG Accuses Biden DOJ Of Coordinating With Trump Prosecutors.

    Missouri Attorney General Andrew Bailey filed a Freedom of Information Act (FOIA) request on Thursday as part of a probe into whether the Biden DOJ coordinated with Trump prosecutors.

    Missouri Attorney General Andrew Bailey filed a Freedom of Information Act (FOIA) request on Thursday as part of a probe into whether the Biden DOJ coordinated with Trump prosecutors.

  • More shady Biden accounts discovered.

    House Oversight Committee Chairman James Comer dropped a bombshell on Thursday, revealing that his panel had unearthed new financial accounts tied to the Biden family investigation. Adding to the drama, Comer announced a fresh subpoena aimed at an undisclosed bank, ramping up the pressure in this ongoing probe.

    “This morning, I issued a subpoena for targeted financial information from a certain financial institution related to Jim Biden, Sarah Biden and Hunter Biden. This is a result of many of the documents that Devon Archer turned over,” Comer told Maria Bartiromo on Fox Business.

    The Oversight Committee began investigating the Biden family’s alleged shady business dealings over two years ago. In March, they called for Biden to testify before Congress, stating that “the committee has accounted for over $24 million that has flowed from foreign sources to you, your family, and their business associates.”

    “It is unbelievable,” Comer continued. “I don’t think you would find very many people that have a billion-dollar net worth that have as many different bank accounts as this Biden family had. Many of these were shell companies.”

    Those were “companies [whose] sole purpose was to launder the money that the Bidens were receiving from China, from Romania, from Russia,” Comer added. “And never one time through the course of this entire investigation, even during the depositions with Hunter Biden and the transcribed interview with Jim Biden, were they able to answer exactly what the family did to receive this money.”

    (Hat tip: Stephen Green at Instapundit.)

  • Don’t look now, but silver just broke the $30 mark for the first time in forever. A whole lot of investors think inflation is baked into the cake now.
  • IKEA says that the current economy is the worst they’ve ever seen. There are lots of other canaries keeling over as well…
  • “Hunter Biden Loses Bid To Halt Tax Evasion Court Proceedings As 9th Circuit Dismisses Appeal.” Will a member of the Biden crime family actually serve time for their misdeeds?
  • “Nearly Half of All Masters Degrees Aren’t Worth Getting. According to new research, 23 percent of bachelor’s degree programs and 43 percent of master’s degree programs have a negative ROI.” (Hat tip: Instapundit.)
  • If your farm is in the state of California, State Farm no longer wants your business.
  • Meanwhile, the government of San Francisco is buying booze for homeless people.
  • Daniel Perry Pardoned by Gov. Abbott Following Parole Board Recommendation.”

    Gov. Greg Abbott has pardoned U.S. Army Sergeant Daniel Perry following a recommendation of pardon and restoration of his firearm rights by the Texas Board of Pardons and Paroles.

    The board voted unanimously on the recommendation.

    Shortly after the recommendation was made, Abbott officially pardoned Perry.

    “The Texas Board of Pardons and Paroles conducted an exhaustive review of U.S. Army Sergeant Daniel Perry’s personal history and the facts surrounding the July 2020 incident and recommended a Full Pardon and Restoration of Full Civil Rights of Citizenship,” Abbott wrote in a press release.

    “Among the voluminous files reviewed by the Board, they considered information provided by the Travis County District Attorney, the full investigative report on Daniel Perry, plus a review of all the testimony provided at trial. Texas has one of the strongest ‘Stand Your Ground’ laws on self-defense that cannot be nullified by a jury or a progressive District Attorney. I thank the Board for its thorough investigation, and I approve their pardon recommendation.”

    Perry was convicted of murdering Air Force veteran and Black Lives Matter protester Garrett Foster in 2023. A Travis County jury deliberated for 17 hours before finding Perry guilty of murder but not aggravated assault of Foster at the intersection of 4th Street and Congress Avenue in downtown Austin, as well as threatening a crowd with his car during the 2020 protest.

    Perry, who was working as an Uber driver, shot and killed Foster with a .357 Magnum revolver after Foster approached the driver door of his Hyundai Ioniq.

    This dispassionate description hides the fact that Perry’s car was surrounded by a crowd of rioters, including the one who aimed a gun at Perry. This was a clear case of self defense that never would have gone to trial if Travis County’s far left Soros backed DA Jose Garza weren’t so in favor of radical left wing rioters and hostile the right of self defense.

  • Is the DOJ trying to protect Pfizer from a whistleblower lawsuit?

    The Department of Justice recently argued that a whistleblower lawsuit against Pfizer, filed by Brook Jackson, should be dismissed.

    Jackson, a 20-year veteran in clinical trial administration employed by a third-party vendor (Ventavia Research Group), worked on Pfizer’s COVID-19 vaccine trials in 2020. Alarmed by what she witnessed, Jackson raised concerns to her superiors, Pfizer, and the Food and Drug Administration (FDA) in September 2020.

    She claimed the trial was being run, documented, and reported in a manner that violated Federal law and was potentially dangerous.

    Hours after contacting the FDA on September 25, 2020, Jackson was fired. Her sealed whistleblower complaint seemed to stall, with the FDA not investigating her claims. Faced with inaction, Jackson filed a lawsuit.

    As the case progressed towards discovery, the DOJ intervened, asking the judge to dismiss the case. Jackson argues that the government failed to articulate a legitimate reason for dismissal and did not demonstrate why the burdens of continued litigation outweigh its benefits.

    Disturbingly, a former FDA lawyer who worked at the agency when Jackson’s complaint was filed has moved to the DOJ and is now representing the government in its attempt to shut down the suit, raising concerns about regulatory capture and the use of government to shield companies from accountability.

    In 2021, the British Medical Journal published an article investigating Jackson’s claims and found them credible. The journal’s investigation concluded that Jackson’s account was supported by documentation and raised serious questions about the integrity of Pfizer’s vaccine trials and the FDA’s oversight.

    Other former Ventavia employees vouched for Jackson’s complaint, describing a “helter-skelter” work environment and lack of oversight.

    Despite evidence and corroboration, the FDA did not inspect Ventavia after Jackson’s complaint, and Pfizer did not mention any problems at Ventavia in its FDA submission for emergency use authorization.

    BMJ’s findings lend significant credibility to Jackson’s claims and raise serious questions about the integrity of Pfizer’s vaccine trial data, the adequacy of regulatory oversight, and, ultimately, the approved emergency use authorization.

    Follow the money…

  • Court throws DEI amendment to NY constitution, off November’s ballot. “The NY State Supreme Court (trial court) in Livingston County (near Rochester), granted summary judgment throwing the ERA off the November ballot, on the ground that the proponents of the legislation did not follow the constitutionally required procedure for advancing a ballot initiative for a constitutional amendment.”
  • “Katy ISD Teacher Arrested on 9 Counts of Possession of Child Pornography.”

    A Tompkins High School teacher has been arrested on nine counts of possession of child pornography.

    James Paul Stone was booked into the Fort Bend County Jail Monday.

    According to the Montgomery County Precinct 3 Constable’s office, thousands of images of child pornography were recovered from Stone’s residence, including several images that Stone admitted to producing himself.

  • Ah, not this crap again. “Venezuela Moves ‘Substantial Quantities’ Of Troops To Guyana Border.”
  • China’s latest car has every bit of the outstanding quality we’ve come to expect of products from China.
  • “Army of Leftist wackos storm Tesla factory like Orcs attacking Helm’s Deep.” This was in Germany.
  • Princeton pro-Hamas hunger strike collapses after nine days.
  • New York City raised the minimum wage to $16 an hour, and now restaurants are using Zoom hostesses from the Philippines.
  • Nobody fucks with my snowy, psychotic hat.”
  • Google AI can’t understand or answer any questions about the Holocaust, but sure loves to spit some Hamas talking points.
  • Which is a bit worrying, given how hard Google is pushing AI:

    (Hat tip: Not the Bee.)

  • Comcast, Netflix and Apple+ are going Voltron to defeat Disney.
  • Spider-Man, Spider-Man/A Nick Cage Noir Spider-Man/Anime? No my friend/It will be live action/Whoa, Nick Cage Noir Spider-Man.
  • As a reward for destroying Indiana Jones, Phoebe Waller-Bridge is going to be given another tomb raiding franchise to destroy.
  • If you have mounds of money lying around, you can own Elvis Presley’s very first record.
  • Robert “Bob” Reale, of Reale’s Italian Cafe, RIP. It’s our favorite Austin Italian restaurant, and would come around and check on you while you were there.
  • “Latest Polls Show Biden Will Need Twice As Many Fake Ballots To Win Election This Year.”
  • Hit the tip jar if you’re so inclined.





    What Is Maintaining The Ruble-USD Band?

    Monday, April 29th, 2024

    I’m hardly an expert in foreign currency exchange, but something odd seems to be happening in the Russian Ruble-U.S. Dollar exchange rate.

    Obviously, the ruble has lost value because of the extensive sanctions and cutoff from SWIFT following Russia’s launch of its illegal war of territorial aggression against Ukraine. For most of the last year, the exchange rate has bounced from a high of 75 rubles to the dollar to a low of just over 100 rubles to the dollar.

    However, in the last month, the ruble-dollar exchange rate has traded within an extremely narrow band between just over 90 and just over 94 rubles to the dollar.

    That’s a pretty unusual, and pretty narrow, band to be trading in. The question is who, or what, is maintaining that band. Russia could be intervening to make sure the ruble doesn’t go too much above 94, but it wouldn’t make sense for them (if they’re trying to defend the currency) to be sellers on the other side when the ruble appreciates to 90 or less per dollar. Could it be China, trying to move some of the rubles taken in bilateral trade, or some institutional investor somehow stuck with rubles for two two years, unloading them whenever it hits that peg?

    But it’s not just the dollar! We see the same thing with the Pound:

    And the Euro:

    It even seems true of two of Russia’s remaining big trading partners. The Indian rupee:

    The Chinese Renminbi/Yuan:

    All seem to be trading within very narrow, oscillating bands.

    Is it a data artifact? Other currency exchange sites don’t show quite as obvious oscillation, but all do show trading within that narrow band.

    I don’t know what to make of it. I don’t know enough to hazard any more educated guesses than that. But someone seems to be manipulating ruble exchange rates, and I’m not sure why.

    If you have any ideas, feel free to share them below.

    90% Of Chinese Factories To Close?

    Saturday, April 27th, 2024

    It turns out that unleashing a deadly engineered plague on the world, bellicose posturing, currency manipulation, intellectual property theft, treaty breaking, and genocidal actions against ethnic minorities isn’t a recipe for winning friends and influencing people.

    Who knew?

    Evidently not Xi Jingping, as under his leadership, it looks like some 90% of Chinese factories will close due to lack of business.

  • “My factory closed down, ended up losing over 10 million.” I’m assuming that’s Yuan.
  • “China continues to face a harsh winter, with reportedly 90% of factories either closing down or falling into difficulties.”
  • Factories that has been in business and profitable for 15 years got walloped by Flu Manchu in 2020. “After the outbreak, the factory started and stopped production intermittently, basically losing money for a year. Unexpectedly, the following three years were worse.”
  • “At the start of the year, there were almost no new orders. The old customers who used to order every month also significantly reduced their orders. The entire industry had fewer orders than during the 3 years of the epidemic.”
  • This lead to “severe competition within the industry this year to get orders. Besides low profits, customers also demanded goods to be made before payment.”
  • “In the second half of 2023, he was basically just chasing payments. Many customers were withholding final payments, and his factory had long run out of operational funds. During this period, he had already mortgaged his house in Shinjin for business loans. For these three years, his factory had been barely surviving on loans, and he didn’t know when it would all end. Recently he’s been exhausted, so he decided to shut” everything down.
  • “Bosses like us in small manufacturing factories will soon become the bottom of society. Becoming a bad debtor is only a matter of time, My factory in Guangdong is quite typical of those in the industry. Most of my customers products are for export.”
  • Factory workers, of course, are losing jobs and hours left and right due to the shutdowns. Plus those few factories still hiring can afford to be picky. “Those over 33 can go back! Those under 33 stay! Not accepting anyone over 33!”
  • “China’s products such as petrochemical raw materials, fuel and electric vehicle power batteries and non-core chips are all facing overcapacity.”
  • “After the pandemic, China’s economic recovery has been weak. Traditional export orders are insufficient, and products manufactured by Chinese factories exceed the domestic markets absorption capacity causing almost every industry to face overcapacity as other countries strive to curb inflation.”
  • “China is experiencing rare deflation.”
  • China’s plan to combat this is exporting high tech goods to the rest of the world. The rest of the world doesn’t seem enthused.
  • I’m skipping over some Q1 growth statistics for China I don’t believe.
  • “Due to overcapacity in China, companies are squeezing each other’s profits by lowering export prices.”
  • “In the first quarter, China’s manufacturing capacity utilization rate plummeted to 73.8%, the weakest level since 2015.”
  • “The utilization rate of the automotive manufacturing industry has now dropped to below 65%.”
  • And the electric car bubble bursting has hit China hard. “For years the CCP has spared no effort, using high subsidies and various preferential policies to fully support the development of new energy vehicles.”
  • “It is estimated that from 2010 to the present, over 200 billion yuan, about $28 billion US, has been directly subsidized to new energy vehicle companies by the CCP.”
  • “The CCP’s irrational economic measures not only harmed the global economy, but also damaged China’s own economy. The subsidy policy has not only led to the emergence of numerous purported new players in the automotive manufacturing sector, but has also notably spawned a significant number of counterfeit car companies that rely solely on deceiving subsidies through presentations and mockup models.” In other words, the same smoke and mirrors companies seen throughout the rest of China economy.
  • The Wall Street Journal reported that in 2018 there were already more than 487 Chinese electric car manufacturers, but now there are only over 40 remaining.” (Previously.)
  • Is the 90% factory closure estimate way too high? Probably. But if it’s even of factories, imagine the devastating economic and social dislocation effects this will have on China’s aging economy.

    Much of China’s economic miracle was built on smoke and mirrors, and by one estimate China GDP was overstated by 60%. And thanks to Xi Jinping’s gross mismanagement of just about everything, the bill for all those illusions is now coming due.

    LinkSwarm For April 25, 2024

    Friday, April 26th, 2024

    The Biden Recession bites deeper, Soros’ hands are all over the pro-Hamas protests, California fast food wage hikes hurt workers (but help robotics companies), and some Harris County legal followups. Plus some Zack Snyder bashing. It’s the Friday LinkSwarm!

  • MSNBC accidentally has guest on that accidentally tells the truth about the Biden Recession.

    For the first time in our history, a 30-year-old man or woman isn’t doing as well as his or her parents were at 30. That is the social compact breaking down.

    People aged 30-34, 60% of them in 1990 had one child. Now it’s 27%. People are opting out of America, they’re not optimistic about it, they’re not having kids. Young people aren’t having sex. They’re not meeting, they’re not mating. The pool of emotionally and economically viable men shrinks every day. Which lessens household formation.

    They (millennials and Gen Z) look up, they see wealth, exceptional wealth, across my generation and people in certain industries, and they are really struggling. Their purchasing power is really going down…

    We get very concerned with housing and traffic once we own the housing. Housing permits are sequestered from young people, housing prices have gone from $290,000 to $420,000 in the last 4 years.

    So a young person, a house, stocks that I don’t own, skyrocket in value, let’s have Covid relief and flush the markets and take assets way up because a million people dying would be bad, would be tragic if I got less wealthy, and we’re doing it on their credit card.

  • Whole paycheck: $7 for an apple. Thanks, Joe Biden!
  • “Bill Maher Calls Out Hollywood Pedophilia And The Gay Agenda In Schools.”

    Bill Maher is, if anything, clever about his timing like most comedians. His rebellion against the woke mob has been carefully crafted in a way that has allowed him to avoid outright cancellation. It’s not as impressive a revolt as Gina Carano’s because the risk today is far less, but at least he’s willing to address the obvious hypocrisy within the social justice crowd and admit that maybe, just maybe, conservatives had it right all along.

    His latest surprising monologue covers an issue everyone has known about for years but almost no one in the media has been willing to address seriously because it involves many of their friends in the entertainment industry. Hollywood was quick to jump on the feminist bandwagon at the helm of the “Me Too Movement”, but this only exposed a small part of Hollywood’s degeneracy. Actresses trading sex for favors from producers and executives is hardly that shocking a revelation. The thing they really don’t want to talk about is the industry’s penchant for pedophilia…

    The money quote from that video that’s not in the ZeroHedge article: “The left will overlook child-fucking if a guy from the wrong party points it out.”

    One of the deepest darkest secrets of film, television and music media is that the business has long been used as a vehicle for child abusers to target kids in an environment where parental supervision is limited (and lots of money can be gained). This reminds us of yet another environment where parental supervision is limited: Public schools. The political left has also targeted these institutions as ample ground for grooming. Why? As Bill Maher notes, the groomers are naturally gravitating to where the children are.

    “Leave the kids alone” is a mantra that the woke movement simply refuses to understand or accept. The reason is relatively transparent – Leftists are less inclined to have children of their own, and so, in order to increase their numbers and power they are required to indoctrinate your kids instead. This is all done under the guise of “inclusion” and the “greater good” but the results of this kind of activism are becoming deeply disturbing. Even moderate liberals are noticing that woke behavior is destroying what remains of their image.

  • “Unsealed Court Docs Reveal Biden DOJ Colluded With National Archives To Target Trump, Jack Smith Tried To Conceal.”

    Newly unsealed documents in Donald Trump’s classified documents case reveal that the Biden White House colluded with the National Archives (NARA) and the FBI to concoct a case against the former president.

    What’s more, Special Counsel Jack Smith sought to conceal this – telling Judge Eileen Cannon in February that Trump’s counsel isn’t entitled to discovery on documents between the White House and NARA, that the court should toss requests for evidence of the alleged coordination, and that the court should deny Trump’s request for evidence related to secure facilities at his residences. Further, Trump’s request for unredacted discovery of materials should be denied.

    Seems like a substantial due process rights violation, doesn’t it?

  • Ukraine/Israel/Taiwan aid package signed into law.

    Immediately after Biden’s signature, the Pentagon announced $1 billion of military assistance to Ukraine from the Presidential Drawdown Authority.

    Stinger anti-aircraft missiles, ammunition for HIMARS rocket systems, 155mm artillery rounds, 60mm mortary rounds, and Bradley Infantry Fighting Vehicles, are among the U.S. capabilities being provided to Ukraine, the Pentagon said.

    The foreign-aid legislation will send roughly $60 billion in aid to Ukraine, with $23 billion being used to replenish U.S. weapons stockpiles and $11 billion to fund U.S. military operations in the surrounding area.

    Israel will receive $26 billion including $4.4 billion to fund its Iron Dome and David’s Sling missile defenses. Over $9 billion of the Israel aid will go towards humanitarian relief.

    While I support military aid to Ukraine, Republicans should not have dropped their demand that border security be addressed first, nor should we be raising the national debt to do it. And if we’re going to be paying for David’s Sling and Iron Dome, then we better damn well be getting the tech back to use in our own weapons.

  • “Half of Americans — including 42% of Democrats — say they’d support mass deportations” of illegal aliens. (Hat tip: Instapundit.)
  • I know you’re going to be shocked, shocked to find out that George Soros is funding the anti-Israel student protests.

    At three colleges, the protests are being encouraged by paid radicals who are “fellows” of a Soros-funded group called the US Campaign for Palestinian Rights (USCPR).

    USCPR provides up to $7,800 for its community-based fellows and between $2,880 and $3,660 for its campus-based “fellows” in return for spending eight hours a week organizing “campaigns led by Palestinian organizations.”

    They are trained to “rise up, to revolution.”

    The radical group received at least $300,000 from Soros’ Open Society Foundations since 2017 and also took in $355,000 from the Rockefeller Brothers Fund since 2019.

  • More on that theme:

    (Hat tip: Commenter MadTownGuy.)

  • Also on that subject:

    A lot of Jewish friends, especially those who are finally awake after 10/7, say things like “how is this America?” or “It’s so scary that this Jew-hatred is happening everywhere.” But it’s very much NOT “America” and it absolutely is NOT happening “everywhere.” In south Florida, Jews wear the dinner plate Magen Davids and no one says one word. In rural Michigan, churches put “pray for Israel” on the signs outside. I’m not naive, obviously Jew-haters can and do live anywhere. But they’re only thriving, open, proud, in blue areas and I’m not going to let people ignore that. A lot of liberal Jews are trying to parse things right now. They imagine they are still of the left but just on this one tiny little thing, their right to exist, they disagree. No, my friends. It’s a house of cards and you’re pulling the one from the very bottom. The whole left ideology is corrupt and you’re going to have to face it. You can’t spread the blame around. The hatred, the rage, the violence, the dehumanization is all coming from one side: yours.

    (Hat tip: Stephen Green at Instapundit.)

  • “Houston Teacher Arrested for Improper Relationship with a Student. Cy-Fair teacher Kayden Burbank allegedly had a sexual relationship with a 15-year-old student.”
  • When Democrat judges go rogue. “Do not bring the Second Amendment into this courtroom. It doesn’t exist here. So you can’t argue Second Amendment. This is New York.” (Hat tip: Stephen Green at Instapundit.)
  • California’s fast food wage hikes have had exactly the effects every non-Democrat predicted.

    The state of California seems hellbent on making life a living hell for middle-class residents, as evidenced not just by their soft-on-crime policies but by the minimum wage increase that went into effect at the beginning of April.

    Though the $20/hour wage was ostensibly designed to help minimum wage workers, it has had the opposite effect, with fast food restaurants in the Democrat-run state slashing jobs and hours, implementing hiring freezes, and/or bringing in self-serve kiosks to ease the financial burden.

    Something else they’ve had to do is raise prices on the food they serve, with prices going up as much as eight percent at some locations.

  • Another result: here come the robots.

    While the fast-food industry was founded on utilizing technology to increase efficiency, the robot revolution seems to be speeding up.

    Last year, Sweetgreen, a Los Angeles-based fast-casual salad chain, debuted its fully automated Infinite Kitchen at a restaurant in Illinois. Like Mezli, the Infinite Kitchen moves bowls down a conveyor belt where its system automatically portions out ingredients. The technology is “expected to cut labor costs in half while boosting throughput,” according to a trade magazine.

    Similarly, the founder of Chipotle recently launched a new fast-casual chain, Kernel, that utilizes robots to heat and assemble vegetarian meals.

    In December, a CaliExpress burger joint opened in Pasadena, complete with robot arms that cook burgers and fries, and AI-powered kiosks that allow customers to order and pay (and tip, of course), with their faces. Leaders at Miso Robotics, one of the companies behind CaliExpress, have said it is the first restaurant where all the ordering and cooking is fully automated.

    The robots “don’t call in sick, they don’t get drunk the night before work and come in with a hangover,” one CaliExpress leader told a local TV station. “They’re a little bit more reliable.”

    Other restaurants, including Cajun Crack’n in Concord, Calif., are experimenting with robots that can deliver food, bus tables, and may soon be taking orders. Robot bartenders and baristas are also in the works.

    While restaurant sales are forecasted to increase this year and the restaurant workforce is expected to grow, owners are continuing to struggle with slim margins, in part due to food inflation and rising labor costs. According to the National Restaurant Association’s 2024 State of the Restaurant Industry report, 98 percent of restaurant operators are struggling with higher labor costs, and 38 percent say they weren’t profitable last year.

    Biden Recession + union-backed wage hikes = boom times for robots

  • Ukraine drone strike hits a Russian oil refinery in Yartsevo
  • …and an oil facility at Kardymovsky, Smolensk.
  • El Paso Democratic judge: Eh, there’s not enough evidence to put these illegal aliens on trial for assaulting state troopers. Just let them go. Grand jury: Nope! We’re indicting 141 of them for that riot.
  • America doesn’t have enough dry docks to fight a protracted naval war. (Hat tip: The Other McCain.)
  • ERCOT estimates that an additional 40,000 megawatts of generating capacity by 2030.
  • Followup: Harris County’s scheme to handout guaranteed income paychecks has been blocked by the Texas Supreme Court. (Previously.)
  • Another Harris County follow-up: DA Kim Ogg announced that the legal cases against Lina Hidalgo staffers will now be prosecuted by the Texas Attorney General’s office because Democratic DA nominee Sean Teare, who defeated Ogg in the March primary, “works for the Cogdell Law Firm, which is defending Hidalgo’s former Chief of Staff Alex Triantaphyllis in the case, and that he had sought and received Hidalgo’s endorsement.”
  • The Biden Administration wants to waste taxpayer money pushing radical transgenderism in other countries. “The Biden administration wants to train at least 200 activists to advocate for transgender rights in India as part of a program ostensibly designed to advance America’s ‘national interests,’ according to a federal grant posting.”
  • More Biden Administration madness: “A popular US convenience store chain has been hit with a civil rights lawsuit accusing it of discriminating against minority job seekers because it requires applicants to have no criminal record.”
  • “Largest Christian University in America Gets Fined $37 Million. Coincidence or Targeted Attack?”

    A dust storm of political madness is brewing in Phoenix as Grand Canyon University faces the continued threats of Education Secretary Miguel Cardona.

    Christians have watched as the Biden administration attacks biblical views left and right, with a particularly vehement disregard for the sanctity of life and marriage. As such, it can’t be too surprising that Cardona, a part of this leftist administration, has vowed to shut down America’s largest Christian university.

    In late October, Grand Canyon University was hit with “a $37.7 million fine brought by the federal government over allegations that it lied to students about the cost of its programs,” The Associated Press reported—an accusation that GCU President Brian Mueller described as “ridiculous.”

    Around the same time, Liberty University, America’s second-largest Christian university, also was fined $37 million “over alleged underreporting of crimes.”

    Grand Canyon University appealed its fine in November even though a hearing is not expected until January 2025. But the question Mueller has is one of integrity. Is this genuine consideration for the well-being of students, or is this a targeted attack against religious institutions?

    “It’s interesting, isn’t it, that the two largest Christian universities in the country, this one and Liberty University, are both being fined almost the identical amount at almost the identical time?” GCU’s president speculated in a speech. “Now is there a cause and effect there? I don’t know. But it’s a fact.”

  • Trader Joe’s organic basil has an extra organic ingredient: salmonella.
  • Critical Drinker wasn’t impressed with Rebel Moon 2: “Comically inept…boring and tedious..derivative cliched and unoriginal. It takes a special kind of cinematic anti-genius to bring all these things together into one movie. You have to actively work to make a film this bad”
  • Penguinz0 says it’s actually worse than the first one. “It’s a disaster on the most basic levels of movie making.”
  • In fact, he watched Rebel Moon Part 2 twice just to count the slo-mo scenes. “It came out to 1,256 seconds, or 20 minutes and 56 seconds worth of slow motion.” But he might have missed some while dozing. “This shit hits harder than NyQuil.”
  • The Biden Recession hits boardgaming. This is not a field I have much experience with, as the last boardgame I bought was the Kickstarter for the Designer Edition of Ogre. But I have noticed a similar decline in what science fiction book collectors are spending. Still, the idea that boardgames manufacturers are close to $1 billion in debt is pretty staggering.
  • The Onion sold. “The Onion has a new owner: a company called ‘Global Tetrahedron,’ which is a real thing based on a fake entity invented by the satire site more than two decades ago….The Onion’s new owner is Jeff Lawson, co-founder and former CEO of Twilio, a customer-service software company, he announced Thursday on X (formerly Twitter).” When last we read about Jeff Lawson, he was dumping money on the Dem side in the 2020 Texas Senate race, to no effect. Now people are wondering whether they’ll shut down zombie SJW gaming site Kotaku…
  • Texas become first state to unban import of Japanese Kei trucks. (Hat tip:Ace of Spades HQ.)
  • Long lost first model of original USS Enterprise recovered.
  • “Man Sets Himself On Fire To Show How His Side Is The Sane And Rational One.”
  • “Columbia Protestors Clarify They Only Want Death To America After America Is Done Paying Their Student Loans.”
  • Live in Florida? Ron DeSantis would like you to adopt this cute border dog:

    (Hat tip: Ace of Spades HQ.)

  • Texas Election Roundup For April 23, 2024

    Tuesday, April 23rd, 2024

    If you thought “No runoffs in my area, so I don’t have to vote in May,” after the primary election, think again!

  • Come May 4, Texans in large counties have tax appraisal district director elections.

    Many Texans will have their first opportunity to elect representatives to the governing boards of their local appraisal districts, making the agencies that assess property values for tax purposes more accountable to citizens.

    A new property tax relief law, passed last year and approved in November by voters statewide, included a provision for voters in counties with a population of 75,000 or more to elect three new members to their county appraisal district board of directors.

    The three elected board members will serve alongside the five appointed directors and the county tax assessor-collector, who will become an ex-officio board member.

    Directors elected in May will take office on July 1 and serve a term that expires on December 31, 2026.

    Going forward, elected appraisal district directors will be on the ballot in November of even-numbered years and serve staggered four-year terms.

    The five directors appointed by local taxing units (counties, cities, school districts) that participate in the appraisal district will also transition to staggered four-year terms, starting in 2025.

    Property tax consultant Chandler Crouch, who has championed appraisal district reforms for years, told Texas Scorecard, “I believe the legislation that implemented these changes is a direct result of the trouble I’ve experienced and would not have happened if it weren’t for concerned Texans demanding change.”

    Crouch was targeted by his local Tarrant County appraisal district officials after helping thousands of residents protest their property taxes and calling attention to problems within the system.

    In the wake of several scandals, longtime Tarrant Appraisal District Chief Appraiser Jeff Law resigned last September.

    “Over the past few years I’ve seen plenty of corruption at the appraisal district. I believe the problems I encountered would have been dealt with much quicker if we had someone at the appraisal district that was directly accountable to the taxpayers,” said Crouch.

    In addition to adding elected appraisal district directors in the state’s 50 largest counties, the new law puts the directors in charge of appointing members to the appraisal review board.

    The appraisal review board (ARB) is the group of citizens that hears taxpayer protests and resolves disputes between property owners and appraisal districts. Currently, ARB members are appointed by the county’s local administrative judge.

    At least two members of the majority voting for ARB members must be elected directors.

    Any possibility for voters to check tax increases is a good thing.

  • As far as the Williamson Central Appraisal District Board of Directors election, information on these down-ballot races are quite sparse. The candidates are:
    1. Place 1: Hope Hisle-Piper and Jim Buell
    2. Place 2: Mike Sanders and Jon Lux
    3. Place 3: Collin Klein and Mason Moses

    According to this Facebook thread, Buell, Sanders and Klein are running a taxpayer-friendly slate, while Hisle-Piper, Lux and Moses are already appointed members of the board, using a loophole to run for the elected seats. Sanders asserts “If they win, each of them will then hold two positions on the Appraisal Board.” That hardly seems kosher. On that basis, I’m tentatively recommending a vote for Buell, Sanders and Klein, but if you have any countervailing information, please share it in the comments below.

    Note: Early voting for this election has already started and runs through April 30.

  • Travis County also has appraisal district elections, and Don Zimmerman, Matt Mackowiak and Bill May are the obvious choices for conservatives there (though less a vote for May than one against lifetime Democrat Dick Lavine).
  • Both Ted Cruz and Democratic opponent Colin Allred raised around $10 million for their senate race, but Allred has a much higher burn rate.

    The U.S. Senate race in Texas is shaping up to be an expensive bout between Sen. Ted Cruz (R-TX) and Congressman Colin Allred (D-TX-32), with both candidates posting high fundraising totals and the challenger burning through most of his haul.

    Both candidates announced close to $10 million raised in the April quarterly report last week. The two touted the fact that their contributions came from every — or in Allred’s case, almost every — county in Texas. The pair’s average donations were both around $35.

    Cruz reported $15.1 million cash-on-hand at the end of this period — which includes monies raised into the National Republican Senatorial Committee and the Texas GOP itemized for his race — to Allred’s $10.5 million left on hand.

    Cruz’s number is $2.7 million more than he raised in the first two quarters of 2018 combined. Allred’s haul exceeded 2018 candidate Beto O’Rourke’s first-quarter number by close to $3 million.

    Though he posted a record first quarter haul in 2018, the biggest money for Beto’s bid really started flowing in during the spring and summer following the primary; he raised nearly $80 million in that race, and narrowly lost to Cruz, who raised $45 million that cycle.

    Both Cruz and Allred have raised around half of their money in 2024 from within Texas, with big money figures and organizations on both sides of this fight salivating for another high-profile clash. More than 12 percent of Allred’s haul came from California to Cruz’s 32 percent from Virginia, the vast majority of which is due to the GOP’s small-dollar donor interface, WinRed, being headquartered there.

    The Democrats’ version, ActBlue, is headquartered in Massachusetts.

    One of the most interesting factors in these reports is Allred’s burn rate — the amount of money spent relative to what he raised. Allred has plenty of money left over, but he spent 96 percent of his haul, more than two-thirds of which was spent on media advertising.

    I would be lying if I said I was up to date on the latest campaign finance trends, but it’s universally acknowledged that a burn rate that high this far out from the general election is “bad”…

    …and that media buys this far out from the general are fools gold. Maybe Allred thinks he needs to get to the same level of name recognition as O’Rourke did in 2018, but that’s simply not possible. He’d need just as many fawning media profiles as O’Rourke got, and the national media is too busy ramping up the Orange Man Bad machine to do that. This time in 2018, I’d already seen a zillion Beto signs and bumper stickers, and I doubt I’ve even seen five for Allred. And, after all that money and name-recognition, Beto still lost…

    The latest poll on the race from the Texas Hispanic Policy Foundation — which pegged Allred down 5 points to Cruz — showed the challenger with a +24 net favorability rating to Cruz’s +3. However, Allred’s undecided total was 40 points, showing that there are loads of movable voters who could go either way on him; Cruz’s undecided number was 1 percent.

    Polls this early mean very little. But cash on hand is rarely overrated…

  • Can Brandon Herrera take down Tony Gonzales in the runoff?

    In his nascent bid for Congress, Brandon Herrera is putting two things to the test: embattled Congressman Tony Gonzales (R-TX-23), and the ability of next-generation politicians to overcome statements — and jokes — made on social media.

    Known popularly as “The AK Guy,” Herrera is a YouTuber boasting a large following whose schtick is firing cool guns and teaching his viewers about their characteristics and history. His X bio reads, “Congressional Candidate (R TX-23) YouTuber, Second Amendment Absolutist, VERY Politically Incorrect.”

    The field of Republican primary challengers pushed Gonzales to a runoff, with the incumbent falling 4.6 points away from winning the primary outright; Herrera received 24 percent of the vote, finishing a comfortable second place and securing a runoff against the incumbent.

    Now he’s the last man standing between Gonzales and a third term in Congress.

    But standing between Herrera and the upset is the very reason he has such a large following: his irreverent, and very entertaining, streaming persona. Herrera’s YouTube channel has 3.3 million subscribers and the pinned video is him testing out the “magic bullet theory” related to the JFK assassination — namely that the bullet attributed to the president’s death looks as if it didn’t actually hit anything, let alone a human being.

    But it was a different video that caught the attention of his opponent — and a national media outlet.

    “Rep. Gonzales’ right-wing GOP challenger posted videos featuring Nazi imagery, songs, jokes,” reads a headline from the publication Jewish Insider. The video in question is an informational on the MP-40 submachine gun, developed in Germany during the Nazi Third Reich.

    Discussing the gun, Herrera refers to it as “the original ghetto blaster” and then shows a sardonic black and white montage firing the weapon as the German military marching song “Erika” plays.

    “If the MG-42 was Hitler’s buzzsaw, the MP-40 was Hitler’s street sweeper,” he adds.

    At the end of the video, Herrera says of the sarcastic tone and jokes, “The best way to not repeat history is to learn about history. And the best way that I know to get you guys to learn about history, is make really f—– up jokes about it.”

    In acknowledging the “edgy” humor, Herrera unknowingly handed ammunition to his future political opponents — the effectiveness of which remains to be seen and a potential dagger that Herrera brushed aside.

    “Whereas before you have little statements that can be taken out of context or jokes that were made that would tank careers, it’s no longer that way,” Herrera told The Texan in an interview, suggesting the current political climate has passed the point of caring about such remarks.

    “One of the big catalysts for that change was the way that Trump ran his campaign. I think people related to him and people aren’t really afraid to see that side of elected representatives anymore.”

    About the potential shift, Herrera added, “[Candidates] don’t have to be as squeaky clean, and really, fake as they have been in years past. And I think we’re getting closer to an era of real people.”

    “Being representatives now, which I think is going to be a net positive because people are realizing it doesn’t matter what jokes have been made in the past, and it doesn’t matter if your congressman was caught swearing or something like that. People care about how you vote and I think that’s the core of it. And that should be what people vote on.”

    Is a post-Trump disdain for political correctness going to prevent it from being used on other candidates for edgy humor? Maybe. But a bigger problem for Herrera is that he came out of the primary 21 points behind Gonzales. That’s a large gap to make up, especially since Gonzales is out-raising Herrera. Absent dramatic developments, the vote and money gaps may be too big for Herrera to make up between now and May 29.

  • Speaking of gun policies for candidates, Ammo.com has a roundup of ratings.
  • Why Saudi Arabia’s Neom Is Doomed

    Sunday, April 21st, 2024

    I’m not sure I’ve mentioned Saudi Arabia’s Neom project before, the plan to build a 170km long, 500m tall linear city arcology in the northwest Saudi desert.

    As this Patrick Boyle video shows, things aren’t going swimmingly.

    Pitched in a mock “I think it’s a great idea, so please don’t Khashoggi me” tone, Boyle points out a few niggling problems with the entire concept.

  • “Neom The Line is a 170 km long city being built in the deserts of Saudi Arabia that was supposed to cost $200 billion to build. It’ll accommodate nine million people in a massive structure that is 200 meters wide and 500 meters tall. It’s conveniently located in an allegedly empty area of desert.”
  • It will have “all of the modern features that you would want, like an artificial moon, robot dinosaurs, flying cars, human gene editing and glow-in-the-dark sand.”
  • “The only abundant resources that a group of consultants could identify were sunlight and unlimited access to salt water.”
  • “Bloomberg reports that the Saudi Sovereign Wealth Fund cash reserves have fallen to $5 billion as of September, the lowest level since 2020, The Live City according to the latest reports, is now only expected to extend 2.4 km and house 300,000 people by the end of the decade. This is a 98.6% reduction from the initial plans. So it’s still going ahead, it’ll just be a little bit smaller than had been hoped for a while.”
  • “Building an unusually densely populated 170 kilometer long city that’s as tall as some of the tallest buildings in the world in what is described as a harsh dry desert with great temperature extremes strikes me as a great idea. Other people have not been as positive about these plans.”
  • Mohammed bin Salman (MBS) announced plans for Neom four months after being named Crown Prince successor to current king Salman bin Abdulaziz Al Saud.
  • “The project is being overseen and financed by the Saudi Arabian Sovereign wealth fun, which the Crown Prince also chairs. It was pitched as costing $200 billion, but upon reflection might cost a bit more than that.”
  • “Off the top of my head I can’t think of any other cities that are 170 kilometers long while only 200 meters wide and 500 meters tall. In fact, I struggle to think of any cities that are taller than they are wide.”
  • “Historically, skyscrapers have been built in very dense urban locations where the price of land is so high that it makes economic sense to build upwards to minimize the cost of the land per total floor area of a building.”
  • “I found a paper by Brinkley and Raj which explains that in open systems, perfusion guides form and growth. They explain that ecosystems grow as fractals, with new branches sprouting in order to maximize profusion and resource uptake. They go on to explain that most cities grow as fractals branching out maximizing the urban interface with available fuel and arable land.”
  • Of course, Neom has no fuel or arable land nearby. In Larry Niven and Jerry Pournelle’s Oath of Fealty, they argue that an arcology needs to be built near an existing city (in their case Los Angeles) to prosper.
  • “A long narrow city guarantees that inhabitants are always the maximum distance from wherever they need to go.”
  • Boyle examines the claim that you can travel from one end of Neom to the other in 20 minutes and has a little fun with math:

    To travel 170 km in 20 minutes, you’d have to be traveling at 510kmph, which is a bit faster than and the world’s fastest train. Of course, 510kmph assumes no stops along the way, which might be a bit inconvenient for people who live near the middle of the city. London Underground stations and New York subway stations are usually about a quarter of a mile apart from each other. [I believe Boyle is mistaken here, and London tube stations are closer to an average of a mile apart. -LP] 170km is 105.6 miles, so the line would need 412 train stops along the way subway trains usually stop and open their doors for at least 30 seconds at each station so with 42 stations the train would be stopped for 206 minutes allowing people to get on and off the train at the stations. 206 minutes is of course a bit more than 20 minutes, so people would need to get on and off the trains a bit quicker than that. If the train stopped for just two seconds at each station, the train would only be stopped for 14 minutes leaving us with six minutes to travel 170 km, so we would just have to travel at 1,700km hour which is a bit over 1,000mph. 1,000mph would, of course, be an average speed. There would have to be a lot of extreme acceleration and deceleration going on, meaning that the top speed would have to be well over 1,000mph. You’d have two seconds to get on or off a train that would quickly accelerate up to, let’s say, three times the speed of sound before slamming on its brakes for the next station.

    Enjoy the g-lock.

  • “The Line is going to be a fairly busy city. Nine million people will be living on a footprint of just 34 square kilometers, which is 13 square miles. Manila in the Philippines has the world’s highest population density with 119,600 people per square mile. Neom would have 686,000 people per square mile, which is almost six times the population density of Manila.”
  • The Wall Street Journal reviewed 2300 pages of documents put together by Consultants at BCG McKenzie and Oliver Wyman, the consultants were directed by MBS to help turn his idea into a reality. And the documents highlight that the project is so ambitious that it incorporates many technologies that don’t yet exist.”
  • “The Line is going to be 500 meters tall, which is about the same height as Taipei 101, which was the tallest building in the world when it was built 20 years ago at a cost of just under $2 billion. Taipei 101 is 75 meters wide, so you would need to build 13.3 of these for each kilometer. 2,270 of these buildings would equal just one wall of The Line. For both city walls you would need 4,540 Taipei 101s.”
  • “And that’s just the external walls. There’s still all the inner buildings, the hyperloop, the floating gardens, the autonomous flying pods and the artificial moon. Let’s not forget power plants, water desalination plants, airport, sewage treatment, human gene editing facilities, and everything else needed for a modern city.”
  • “The Line will have about half of the population of New York City, and thus should require around 5,000 megawatts of power per day. It might need a lot more than that, as water desalination is very energy intensive, and being based in the desert, people might want to run their air conditioners most of the time.”
  • “New York City requires hundreds of power plants to run, but gets around one third of its power from four nuclear power plants. Let’s say The Line is a very energy efficient city and can get by on one third of the power consumed by New York City. You would then need to build four or five nuclear power plants to supply that power.”
  • “Each power plant would cost between $6 and $9 billion, so we’re looking at $30 to $40 billion just for the power plants to supply electricity.”
  • “The 4,500 140 Taipei 101 buildings needed just as the exterior walls for The Line would cost $9.1 trillion dollars, assuming that construction costs have not gone up in 20 years, which they probably have. MBS was initially going to build all of this for $200 billion, which is less than 2% of the cost I’ve estimated for just the walls.”
  • Thunderf00t estimated the overall build cost of a city like this to be $100 trillion.” Thunderf00t also looked at the failure of all of Dubai’s land reclamation projects in the Persian gulf save the very first, none of which are remotely as ambitious as Neom.
  • I think you get the idea.

    Murdering the occasional jihad-friendly journalist aside, MBS actually has carried out some significant reforms (like sidelining the hardline Wahabbist clerics), but his pet Neom project is clearly 95% delusional. Despite which, they’ve already done fairly ridiculous amounts of earthmoving on the project.

    They are a few decent ideas among the delusions: It wouldn’t be a bad idea for the Saudis to incubate a tech sector, they get enough sun that getting into manufacturing solar panels to help plan for a post-oil future might be a viable option, and they probably should invest in desalinization plants to develop some agricultural self-sufficiency.

    But the idea of building the full Line is a delusional fantasy.