The progressive approach to law enforcement in certain major US cities, supported by George Soros and others, has been a complete failure as residents’ quality of life has collapsed. Soaring violent crime and controversial open-air drug markets plague the downtown areas of San Francisco, Cleveland, and Portland, transforming these areas into wastelands.
A recent study commissioned by the Institute of Governmental Studies at the University of California Berkeley found that San Francisco’s downtown activity was only 31% this spring (between March and May) compared to pre-Covid levels. Cleveland was at 36%, and Portland was at 41%.
Meanwhile, after the pandemic, Salt Lake City, Utah, Bakersfield, California, and Columbus, Ohio, experienced the most massive booms in downtown activity.
Oh, Mike Pence, you soft, naive little man. Oh, Tim Scott, you kind and friendly gentleman. I like you both. I really do. I would love you to be my neighbors. If I ran short of sugar or charcoal, you’d square me away. Not so much bourbon, but whatever. If I asked you to help me move or give me a ride to the airport, you suckers would be all in because you are nice guys. And that’s your problem and the problem of Republicans like you. You are nice guys in a time that calls for ruthless killers who want to destroy our enemies and leave them on their backs, figuratively cockroaching on the floor.
We want vengeance and victory. You want hugs. I guess that’s nice. Hugworld would be pleasant, but it’s the hardcore bomb throwers who get us to that stage by pummeling our enemies into submission. You find that unsavory, disconcerting, unseemly. You would prefer a world of comity, collegiality, and unicorns. And that ain’t happening until we warrior cons have broken our enemy – yeah, I used the “E” word – and exacted our payback and thereby ensured that their pain is so great that they will not dare even dream of repeating this nonsense again for a generation for fear of our righteous wrath.
Your problem is that you live on forever in a world that no longer exists, if it ever did. You live in a world where there are norms. You live in a world of rules and guardrails, where the institutions are at least nominally neutral and where we all share some basic premises that provide common ground. But we don’t. They hate America. They hate believing Christians and Jews. They hate the idea of free speech, freedom of religion, the right to due process, and not killing babies three seconds before they poke their heads out. They think kids should be mutilated to conform to gender delusions. They want us normals disarmed, disenfranchised, and, more often than you softies will admit, deceased.
Snip.
It’s time to accept reality and embrace the suck. The suck is that we are in a fight. It’s not going to be over when we pass a few laws or overturn some terrible precedents; those are necessary but far from sufficient actions. No, we are in a long and brutal political struggle where the stakes are our liberty, and while you want to figuratively clutch your pearls and worry about whether this is who we are, we know who we are. And we are the guys and gals who want to figuratively don our plate armor, sharpen our broadswords, and get some, Knight Templar-style.
Mike Pence, Tim Scott, I like you. And I would love to live in your world. But that world exists only in your imagination, and I and the rest of us in the base are stuck here on Planet Earth. You guys can’t be president because you are not wartime consiglieres. You are both Tom Hagan, reliable and soft Tom Hagan, when we are Michael and we need a Sonny to go after the Barzinis and Tartaglias of the left.
It’s sad that your dreams of the presidency in 2024 must die, but you don’t get it, and you can’t fake it. This was a test, and you failed. If you are still imagining that there might be some set of facts awaiting public disclosure that makes it okay to send guys with guns to invade the domicile of your primo political opponent, if you still can’t bring yourself to demand that the disgraced FBI be defunded and dismantled so it can never try to frame another GOP politician, then you are not up to the job. You don’t get to be president because you don’t know what time it is.
One thing about leftist culture that never ceases to amaze is their ability to take a failure and pretend that it was actually a success. This attitude is perhaps an extension of their penchant for propaganda – They lie so much about everything that they end up falling victim to their own disinformation. They tell their enemies they are winning even when they are losing, and then they actually start to believe it themselves.
It’s a bit like the old rule for drug dealers – Everything falls apart when you start smoking the drugs you sell.
For CNN and outlets like them, the problem is that you can’t run from reality forever. If no one wants to watch your content then you can’t force them to do so. Leftists wish they could use force, but they can’t, so instead they try to use gaslighting and shame. This has translated into the typical tactics we see today from the media, which include race baiting and accusations of bigotry, misogyny, homophobia, fascism, etc. These tactics really took center stage from 2016 onward and they haven’t worked yet, but the political left continues to beat that dead horse in the hopes that it will one day win the Kentucky Derby.
They NEED regular consumers to watch their content, but they look down their noses at regular consumers and see them as untouchable peasants. So, they don’t make content for the peasant, they make content for themselves and their friends. This is not a recipe for a successful media network.
In a recent article on the CNN issue, Vox (a far-left outlet) remarked on Brian Stelter being fired and his show being shut down even though he still had three more years on a six-figure contract. David Zaslav, an executive from Discovery, has taken oversight of Warner Brothers and its properties and has been making extensive cuts to save money and streamline the bloated company. Vox’s position really illustrates the deeper problem within leftist media:
“Stelter, who reportedly made close to $1 million a year, was an easy cut: His show, along with his daily media newsletter, was a big deal in media circles…but not a huge draw for normals.”
By using the term “normals” one might conclude that Vox sees themselves and and other journalists as “extraordinary” when compared to the rest of us. Or, maybe they are just “abnormal” – It’s hard to say. The statement is possibly a mistaken admission of how leftist journalists truly view the world, and their view is stunted. They see their work as vital to the masses because their PEERS and Twitter buddies see it as vital to the masses. But mainstream journalists are too far detached from the world and reality to make objective judgment calls. They see themselves as the saviors of humanity, but no one else sees them that way.
The audience numbers talk. The money talks. It doesn’t matter how important you think you are – You don’t own the audience, the audience owns you.
CNN has been a consistent loser in terms of audience numbers and ratings; their ratings have plummeted while their profits continue to slump over the past few years. The CNN+ project was supposed to draw in millions of viewers but only generated 150,000 subscribers, and of those subscribers only 10,000 were regular watchers.
In other words, CNN+ would have been crushed by average YouTuber numbers and their projections for at least 29 million “super fans” were absolutely incompetent. This is why the project was shut down within weeks by David Zaslav – It was an embarrassment from the start, built on inflated delusions of grandeur.
Forget “delusions of grandeur,” CNN suffers from “delusions of not being widely loathed.”
And what is CNN really built on? What has been the company’s foundation for years? It’s only product has been anti-conservative agit-prop. That’s it. That’s all they have. This might work financially if the extreme left was as prevalent as they pretend, but if we look at the numbers and the cash flow, they are actually a tiny portion of the population puffed up and screaming as loud as they can to appear big and formidable. CNN is failing because there is an unsustainable audience for their product.
Federal court strikes down Texas gun law…and for once its good news. “A federal judge has struck down a Texas law preventing individuals aged 18 to 20 years from carrying handguns in public, in the first major court ruling on Second Amendment rights since the Supreme Court recognized a constitutional right to carry firearms in public for self-defense.” Cudos to Judge Mark Pittman for getting it right.
Remember how the left slobbered all over Gravity Payments CEO for giving everyone a $70 salary? Well, he just resigned after a rape allegation. (Hat tip: Instapundit.)
Democratic State Rep. Sergio Munoz Jr. to pay $1.2 million in damages for legal malpractice. Namely not mentioning that he and the judge presiding over a divorce case he was involved with had previously been law partners.
Greetings, and welcome to a Friday LinkSwarm…on Friday! What are the odds?
More dispatches from the Biden Recession: “Homebuyers are GONE.” Home sales are cratering nationally, companies that bought up lots of properties are slashing prices, and the number of homes being built is also cratering.
From the same guy: The 10 locations housing prices will crash the most. #5? Austin. “This is a market in absolute free-fall.” I know prices in my neighborhood have probably lopped off a good $100,000 or so, forcing me to rely on my vast book holdings to remain a millionaire…
The other day, I saw on Twitter someone saying that they are a good liberal and all that, but they are really worried about what they’re seeing regarding the emerging culture of the medical and teaching professions encouraging children to transition to the opposite sex. “But,” said this person, “I don’t want to surrender to a moral panic.”
I submit to you that a moral panic is precisely the correct response to this egregious phenomenon. That is, what is happening is so hideous, and so widespread, and the reaction by most people to this point has been so muted to non-existent, that if you are not panicking, you are not paying attention.
Most people are not on Twitter, and if you’re one of these people, you may not be aware of the extent of the insanity. The media are not covering it, of course. It falls to badasses like Matt Walsh, Chaya Raichik (who runs the Libs Of Tik Tok account), Christina Buttons, and Chris Elston, the guy who runs the Billboard Chris website and Twitter account, to sound the alarm.
The things they document are not nut-picking (the practice of finding extreme weirdos, and falsely using them as an example of the whole). They are completely mainstream. These are things that, if we had a functional media instead of a Narrative-massaging industry, would be widely reported, and discussed intensely.
The Left’s agenda to groom your children has taken another turn. Various states across America have begun implementing laws and policies to allow children to make healthcare decisions without a parent or guardian’s consent — and the medical industry is promoting it. Many of these states are using these new laws to allow for drastic medical decisions to be made without parental consent including hormone therapy, gender reassignment surgery, and medicated mental health treatment.
In Washington, children as young as 13 are now allowed to undergo gender reassignment surgery and other questionable medical treatments without parental consent.
One Washington dad alleged in a viral TikTok video that a school gave his 15-year-old child antidepressants without informing him. Sounds completely insane and illegal, right? Well . . . it sounds that way, but it isn’t. Under Washington law, this is 100% legal and is allegedly being carried out by schools.
New York has hopped on the bandwagon of removing parents from the treatment room as well. New York-Presbyterian recently sent out emails to their patients explaining that accounts for 12-17-year-olds must be updated to reflect the adolescent’s personal email address as the primary contact as New York State law allows children “to keep their sensitive medical information private and to consent to some of their own medical treatment.”
Twelve-year-old children will now have the ability to be the primary decision-maker for many of their medical treatments and procedures. Children will also have the ability to completely revoke medical record access for their parents or guardians. 12-year-old children who can barely do their own laundry now have authority over their healthcare.
Snip.
One concerned parent in Kennebunk, Maine shared photos with us of a medical questionnaire for patients 12 years of age and older which read “To be filled out by patient only.” The questionnaire included questions about sexuality, asking children what gender they’re attracted to, and if the child has ever been in a romantic relationship or had sex. Separate questions ask the children if they’ve ever had questions about their gender identity and what their preferred pronouns are.
The parent spoke to me regarding the questionnaire and stated her child was given the forms right after he turned 13. Naturally, her son was uncomfortable and confused by the questions and asked his mom for help. However, the mom claims the doctor made her leave the room and refused to allow her to be present while her son was answering the questionnaire.
Why would a doctor need to secretly know the sexual preference and gender identity that a 13-year-old child claims without his mom present? Why would any child be required to share answers to all these invasive questions and bar any parental involvement?
It’s not just Maine, Arizona, New York, and Washington — the removal of parents from important decisions in their children’s lives is becoming a nationwide policy trend aggressively pushed by the Left.
Given how much Libs of TikTok has uncovered of the groomer agenda, it’s no wonder that Facebook has banned her:
JUST IN: Facebook permanently banned Libs of TikTok on Wednesday evening and gave absolutely no reason why https://t.co/m6F3wIdzlZ
“Austin Fire Department Chaplain Fired over Blog Post Objecting to Males in Women’s Sports.” No surprise to followers of Austin politics, given the way their union has been taken over by the radical left.
To the great consternation of liberal Democratic mayors in the northeast, the governors of Texas and Arizona continue to send busloads of illegal migrants to New York and Washington to lessen the burdens on their states and draw more attention to the Biden border crisis. This has put the municipal governments of these self-defined sanctuary cities in a bit of a tough position politically. They are supposed to represent bastions of hope for the migrants and freedom from the “oppression” of ICE and the Border Patrol. But now that the migrants are arriving in larger numbers and doing so in a very public way, it’s becoming clear that this is a problem that the mayors were not prepared to handle. As Charles Lipson explains in Newsweek today, these so-called sanctuary city claims were clearly more of a case of virtue signaling than anything else, but when the cost of invoking such policies began to rise, the backlash came quickly.
I still don’t understand Obama’s deep infatuation with Iran’s mullahs, or why he sent them pallets-full of currency, or why he desperately wanted to get nuclear technology to Iran. But I suspect his enthusiasm for providing nuclear technology to Iran was in equal proportion to his enmity toward Israel.
So how was the American left supposed to keep championing Mr. Rushdie when Barack Obama, their Lightbringer, was such a fan of the mullahs who wanted Rushdie dead? Barack Obama had taken American tax dollars and sent it to the mullahs so that they could then turn around and use that money to pay the bounty to whomever successfully pulled off the fatwa against Rushdie. To stay true to Obama, America’s liberal elites had to now ally themselves with the men trying to murder Rushdie.
Conservatives, of course, always supported Rushdie’s right to free speech and always decried the fatwa on him. But for those who matter most in elite society, the fatwa now reflected poorly on Rushdie, not those who imposed the fatwa.
Rushdie was abandoned by the left, because they were now aligned with the mullahs who wanted him dead.
Over in London, unions are working on their Winter of Discontent cosplay by launching a Tube strike.
Families are getting the hell out of north Portland due to the huge increase in drug-addicted transients ts infecting their neighborhood. This is your city on social justice.
Turkey’s wild and crazy president Recep Tayyip Erdogan continues his innovative “lower interest rates during hyperinflation” gambit. Result? The Lira has crashed to an all time low.
Remember San Angelo police chief Tim Vasquez, who accepted bribes via gigs for his Earth, Wind & Fire cover band Funky Munky? Well he just got sentenced to 15 years in the slammer. I guess he’s no longer a shining star…
Also on the crime beat: Charges filed in Whitey Bulger whacking. “Fotios Geas, Paul J. DeCologero and Sean McKinnon have been charged with crimes related to the murder of Whitey Bulger.”
More New York Times editorial judgment on display: “NYT Cuts Ties With Reporter Who Called For ‘Killing,’ ‘Burning’ Jews ‘Like What Hitler Did.’” The surprise is that they actually fired her. How do you think that conversation went? “Sure, lots of us have called for death to the Jews, but the ‘burning’ part just crosses the line…”
MEXICO CITY — A gang riot inside a border prison that left two inmates dead quickly spread to the streets of Ciudad Juarez where alleged gang members killed nine more people, including four employees of a radio station, security officials said Friday.
The surge in violence recalled a far more deadly period in Juarez more than a decade earlier. Mexico’s powerful drug cartels commonly use local gangs to defend their territory and carry out their vendettas.
The federal government’s security undersecretary, Ricardo Mejía Berdeja, said the violence started inside the state prison after 1 p.m. Thursday, when member of the Mexicles gang attacked members of the rival Chapos.
Two inmates were killed and 20 injured.
Then suspected gang members outside the prison began burning businesses and shooting up Ciudad Juarez.
“They attacked the civilian, innocent population like a sort of revenge,” President Andrés Manuel López Obrador said. “It wasn’t just the clash between two groups, but it got to the point in which they began to shoot civilians, innocent people. That is the most unfortunate thing in this affair.”
Mejía said four employees of MegaRadio who were broadcasting a live promotional event outside a business were killed in the shooting.
Chihuahua state Attorney General Roberto Fierro Duarte said that a boy wounded in a shooting at a convenience store died later at the hospital, two women were killed in a fire at another gas station convenience store and two other men were shot elsewhere in the city.
U.S. government employees in Tijuana, Mexico have been urged to shelter in place as the U.S. consulate warned of multiple vehicle fires, roadblocks and other incidents early on Saturday.
“The U.S. Consulate General Tijuana is aware of reports of multiple vehicle fires, roadblocks, and heavy police activity in Tijuana, Mexicali, Rosarito, Ensenada, and Tecate. U.S. government employees have been instructed to shelter in place until further notice,” the consulate’s official Twitter account said.
The consulate further advised U.S. citizens to avoid the area, seek shelter if in the area, inform their friends and families of their situation and monitor news reports for information.
Police arrested members of the Jalisco New Generation cartel.
The first suspect of having organized and ordered the narco-blockades yesterday, Friday, in Baja California is Javier Adrián Beltrán Cabrera, according to the first indications received by the intelligence areas integrated in the Coordination Table for Peace and Security, reported the weekly Zeta.
Beltrán Cabrera, also known as “El Javi”, “El Pedrito”, “El Pit” and “Puma”, was imprisoned in 2011 for possession of a weapon and was released.
According to Zeta’s publication, Beltran Cabrera is listed as the leader of a criminal cell called “Los Erres” that had served as hitmen for the Sinaloa Cartel, but in 2022 allied with the Jalisco Cartel – New Generation (CJNG).
“El Puma” was being investigated as the mastermind of multiple murders committed in July and August in eastern Tijuana, but there is no arrest warrant for him.
Zeta reported that in four hours a total of 24 vehicles were set on fire in five of the seven municipalities of Baja California: Mexicali, Tecate, Ensenada, Tijuana and Rosarito.
Here’s video of a truck on fire in Tijuana:
As always, the twists and turns of the ever-present cartel war in Mexico remain seriously under-reported in American media. While calm for a while, Tijuana and Juarez flared up again as turned into hotspots for cartel violence over the last few years, and were ranked the second and third most violent cities in the world last year. (Indeed, seven of the ten most violent cities in the world were in Mexico, along with one each from South Africa, Brazil…and St. Louis. Thanks a lot, Kim Gardner.)
An administration interested in protecting the lives of Americans might clamp down on border security to prevent more cartel members from entering the country. That is not this administration. Their top goal still appears to be keeping the border wide open to get as many illegal aliens to cross over as they possibly can.
Paying people not to work makes them worse off, Democrats sleepwalk toward disaster, another would-be assassin of a Republican congressman walks away without bail, more Democratic judicial officials who refuse to obey the law, and a disturbing number of pedophiles in our school systems. Welcome to a special Saturday LinkSwarm!
The “experts” didn’t expect it to turn out this way. An experiment conducted by Harvard University and University of Exeter social scientists found no-strings-attached handouts harmed low-income recipients rather than help them.
Funded by an anonymous nonprofit, the study centered on an experiment in which 2,073 low-income people were randomly selected to receive a single, unconditional cash transfer of either $500 or $2,000. Another 3,170 low-income study subjects received no money from the study.
The experiment was conducted from July 2020 to May 2021. On average, the subjects were earning roughly $950 a month while receiving another $530 in food stamps and other government benefits. A little over half were unemployed and 80% had children.
Over a 15-week period, participants were periodically surveyed about their financial, physical and mental health. Across a wide range of financial and non-financial attributes, researchers found no positive effects on those who received free money — but plenty of negative ones.
For a few weeks, people who received the extra money spent more than the control group — $182 a week for the people who received $500, and $574 a week for the ones given $2,000.
The additional spending didn’t bolster their financial health. The handout recipients reported the same rate of overdraft fees, late-payment charges and cash advances as did those who didn’t receive the extra money. And it was all downhill from there. The handout recipients reported:
Less earned income
Less job satisfaction
Lower work performance
More financial stress
Less liquidity
Worse sleep
Worse physical health
More anxiety
More loneliness
The Wall Street Journal’s Allysia Finley writes:
“It’s no surprise that people who received a large percentage of their monthly income for doing nothing were less motivated to work and less satisfied with their work.
Earning a paycheck can give workers a sense of personal agency that encourages them to make better financial and health decisions. Receiving a handout may do the opposite.”
The editors of The Economist beg the Democratic Party’s leaders to “wake up” to the fact that they’re about to get demolished in the upcoming midterms. Politico reports that, “The gubernatorial race in Pennsylvania has begun to look more competitive than either party expected.” The Economist blames the loud voices of the hard-left fringe, and warns that Democrats must “moderate, or die.” But this is just about the least likely moment for centrist Democrats to launch a new fight against the Alexandria Ocasio-Cortez types, and Democrats won’t have that fight until a midterm thrashing forces them to — and even then, Democrats may well choose to learn the wrong, but more comforting lessons, from a sweeping defeat.
The editors of The Economist, sensing an impending midterm blowout and the ensuing empowerment of a Trump-friendly GOP, beg the Democratic Party’s leaders to distance themselves from their fringe elements:
Fringe and sometimes dotty ideas have crept into Democratic rhetoric, peaking in the feverish summer of 2020 with a movement to “defund the police”, abolish immigration enforcement, shun capitalism, relabel women as birthing people and inject “anti-racism” into the classroom.
Snip.
First, out of all the possible times for the leaders of the party and its centrist members to embrace a fight with their hard-left grassroots, four months before Election Day is perhaps the worst time. Right now, Democrats desperately need progressives — the Bernie Bros, the Squad fans, and your crazy Aunt Edna with the Ruth Bader Ginsburg prayer candles — to turn out in November; they’re disappointed enough with Joe Biden already. The future of Senators Raphael Warnock of Georgia, Catherine Cortez Masto of Nevada, Maggie Hassan of New Hampshire, and Mark Kelly of Arizona depends upon frustrated and impatient progressives in those states.
Second, rebuking the fringe Left is going to be difficult, and few people embrace difficult change until they hit bottom. Nobody likes admitting that they got something wrong, and nobody in politics wants to admit that their approach didn’t work — until after they’ve paid a high price at the ballot box.
The disappointing results of 2020 were clearly not enough. Shortly after the election, Representative Abigail Spanberger of Virginia seethed about her party’s left wing: “Tuesday was a failure, it was not a success. . . . If we don’t mean defund the police, we shouldn’t say that. . . . And we need to not ever use the word ‘socialist’ or ‘socialism’ ever again. Because while people think it doesn’t matter, it does matter, and we lost good members because of that. If we are classifying Tuesday as a success from a congressional standpoint, we will get f***ing torn apart in 2022.”
Do the Democrats seem more centrist and results-focused now than they did in 2020?
Democrats can’t rebuke their social justice warrior radicals because the shock-troops of that “fringe” has taken control of vast swathes of the party machinery. The SJW faction is willing to endure electoral disaster as along as it lets them sieze full control of the party machinery and thus all the spigots party patronage.
How bad is it? Ruy Teixeira, whose “emerging Democratic majority” thesis is is so central to Democratic administrations refusing to enforce border controls, is leaving the Center for American Progress because it’s gotten too radical.
Ruy Teixeira, a prominent scholar at the left-leaning think tank Center for American Progress (CAP), is leaving his job for a conservative organization because of liberals’ obsession with race, gender and other identity issues, according to Politico.
The obsession with identity politics at CAP made it difficult for him to do work involving class and economics, he told the outlet, so he’s leaving for the conservative think tank American Enterprise Institute. Left-leaning think tanks have given in to demands of junior staffers and made it difficult for scholars to discuss crime, immigration and other issues beyond a narrow set of default assumptions, according to Teixeira.
The culture within left-leaning organizations “sends me running screaming from the left,” Teixeira told Politico. “It’s just cloud cuckoo land … the fact that nobody is willing to call bullshit, it just freaks me out.”
Attack a Republican congressman? Enjoy your Get-Out-Of-Jail-Free card. “A 43-year-old man [David G. Jakubonis] accused of attacking Representative Lee Zeldin (R., N.Y.) with a sharp object at a campaign stop in upstate New York on Thursday evening was charged with a felony and released from custody just hours after his arrest, police said…Jakubonis was charged with attempted assault in the second degree and was released on his own recognizance.”
The groomer plague is not your imagination. “At least 181 K-12 teachers, principals, and staff have been arrested for child sex crimes in the United States so far this year.”
“Self-Proclaimed Socialist Judge in Harris County Facing Removal by Judicial Conduct Commission. Judge Franklin Bynum allegedly ordered the sheriff not to collect DNA samples required by law and repeatedly dismissed domestic and family violence cases for no probable cause.”
Cost of living index for cities worldwide. Weirdly, Austin is still pretty affordable in relation to purchasing power compared to most of the world. Also weirdly, New York City is the index city…
Gascón’s prosecutors sued him so they could “charge repeat offenders to the fullest extent of the law.” The DA wants to appeal in front of the California Supreme Court:
In June, the Second Appellate District Court upheld portions of a lower court’s injunction that said Gascón cannot refuse to charge three-strike cases, which can dramatically increase prison sentences for some of the most serious repeat offenders.
Gascón is hoping to have the court’s order overturned, arguing that it is “draconian,” creates “a dangerous precedent” and amounts to “taking the charging decision out of a prosecutor’s hands.”
“The district attorney overstates his authority,” the Second Appellate District ruling reads. “He is an elected official who must comply with the law, not a sovereign with absolute, unreviewable discretion.”
Don’t the peasants know that laws are for the little people?
Good. “San Francisco’s New DA Goes On Firing Spree After Voters Recall Soros-Backed Predecessor…”The new district attorney in San Francisco fired at least 15 employees from the prosecutor’s office after her left-wing predecessor Chesa Boudin was recalled last month.
“Charlene Carter, a flight attendant who had worked at Southwest Airlines for 20 years but was fired in 2017 because she had publicly opposed the use of her union dues to fund pro-abortion protests, has now won a $5.1 million lawsuit against both Southwest and her union.” Good. Coerced speech violates the First Amendment. (Hat tip: Sarah Hoyt at Instapundit.)
Beto O’Rourke gets a $1 million donation from George Soros. Well, at least that’s $1 million that won’t go toward burning down small businesses and defunding the police. Also, remember how Democrats are always saying they want to get money out of politics? They never mean it.
The Biden Recession continues to wreck the pocketbooks of Americans, EU economies are sucking even worse than ours, more Bidens Behaving Badly, and unlimited abortion is not nearly as popular among the American public as it is among New York Times staffers.
Support for unlimited abortion is deeply unpopular:
New Harvard/Harris poll: Huge super-majority of Americans favor 15-week abortion bans in states. Women more likely than men to favor such restrictions; men more likely to support no limitations. Just 10% of respondents agree with federal Dems' 9-month-abortion radicalism: pic.twitter.com/wyOzUPg9uE
Democrats are just tired of Joe Biden and of having to explain away his poor performance. Since Biden was elected, the only thing that has gone right is that the Covid-19 pandemic effectively ended and the unemployment rate has remained low. Inflation is out of control, gas prices are at record highs, grocery bills are skyrocketing, the stock market is getting battered and people’s 401(k)s are shrinking, crime remains high, mass shootings keep bedeviling America’s public spaces, Russia’s invading Ukraine, there’s a global food and commodity crisis, and the Taliban is running Afghanistan and oppressing women again. Democrats are apoplectic that the Supreme Court struck down Roe v. Wade, a New York State gun law, and the EPA’s right to regulate carbon emissions without explicit approval from Congress. Parents are up in arms, the teachers’ unions look like callous fools who kept schools closed and harmed a generation of schoolchildren, and “abolish the police” looks like a suicidal public policy. Republicans notice that waves of illegal immigrants headed north shortly after Biden’s inauguration and haven’t stopped coming since.
You didn’t even mention the Social Justice insanity and all the transexual madness.
That New York Times poll found that 64 percent of Democrats want a different presidential nominee in 2024. Nobody’s willing to cover for this guy anymore; no one is inclined to avert their eyes when Biden or his wife blurts out something tone-deaf now.
There are some of us who would argue that Joe Biden has always been an insecure, abrasive, presumptuous, disingenuous, demagogic, insufferable blowhard who was largely protected by a cozy, all-too-friendly relationship with a press inclined to airbrush his glaring character faults, presenting him as a wacky neighbor or a kindly, ice-cream loving grandpa.
What we see now is what happens when much of the national media, the Democratic Party establishment, and liberal interest groups stop playing along with the narrative that Biden is a wiser, sharper, kinder, more energetic and sensitive man than he is. And the truth isn’t pretty.
Speaking of unwanted Bidens: “Hunter Biden could face prostitution charges for transporting hookers across state lines and disguising checks to them as payments for ‘medical services.'” I’ll believe Hunter Biden prosecution when I see it. Also, I’ve been treating the 4Chan “Hunter Biden iPhone leak” with a certain amount of skepticism. Certainly the Hunter laptop revelations were real, and Hunter is a big enough scumbag to do the the things alleged iPhone leak materials depict. But I try to be cautious about anything that fits too neatly into my preconceptions. (Hat tip: The Other McCain.)
“Left-Wing Nonprofit Scores $171.7 Million-$1 Billion Government Contract To Help Illegal Immigrants Avoid Authorities.”
A liberal non-profit group has been given a taxpayer-funded government contract worth at least $171.7 million — which could potentially reach just under $1 billion — for assisting illegal immigrant minors in avoiding capture or incarceration by U.S. Border Patrol and state officials.
The Department of the Interior was the awarding agency and “The Vera Institute of Justice,” based out of New York — which supports the “defund the police” movement and has lax views on immigration enforcement — was the beneficiary.
Thanks in part to a lack of zoning, Houston builds housing at nearly three times the per capita rate of cities like New York City and San Jose. It isn’t all just sprawl either: In 2019, Houston built roughly the same number of apartments as Los Angeles, despite the latter being nearly twice as large. This ongoing supernova of housing construction has helped to keep Houston one of the most affordable big cities in the U.S., offering new arrivals modest rents and accessible home prices even amid seemingly endless demand.
Houston is by no means a model for planning. Like every other Sun Belt city, it struggles with segregation and sprawl. Yet its continued success as one of America’s most affordable and prosperous cities reveals the workability—indeed, the desirability—of non-zoning. Houston is a profoundly weird place, resistant to seductive oversimplifications. But it provides insight into what comes after the arbitrary lines that have misshapen our cities—and how we might get there.
So why didn’t Houston adopt zoning like every other U.S. city? The answer comes down partly to process. Unique among major cities, Houston subjected zoning to a citywide vote. While most city councils had, historically, quietly adopted zoning after a few perfunctory public hearings, the Bayou City invited voters to decide on zoning in 1946, 1962, and 1993. Voters rejected it each time—a reality that calls into question the often-postulated popularity of zoning.
Zoning critics rightly dispensed with the comforting myths surrounding zoning—that its purpose was to merely rationalize land use—and zeroed in on its tendency to restrict new housing construction, limit access to opportunity, institutionalize segregation, and force growth outward. Far from being duped, Houston’s working-class residents exhibited a subtler understanding of the purposes of zoning than many contemporary planners and rejected it accordingly.
But the answer to why Houston remains unzoned also comes down to politics. Zoning proponents didn’t merely lose the referendums—they were also tactfully bought off by being allowed to have something resembling zoning in their immediate vicinity. Indeed, the dark little secret of non-zoning in Houston is that it depends on a system of land-use regulations known as deed restrictions, which empower certain communities—principally middle- and upper-class homeowners—to effectively “opt out” of non-zoning, writing their own land-use rules for their own neighborhoods. In exchange, Houston is able to protect the vast majority of the city from the types of arbitrary-use distinctions, density limits, and raucous public hearings that cause so much harm in every other U.S. city. That is to say, in exchange for respecting pockets of private land-use regulation, Houston is able to grow, adapt, and evolve like no other city.
Deed restrictions are private, voluntary agreements among property owners—typically the homeowners of a particular subdivision or neighborhood—regulating how they can and cannot use their land. These rules are literally tied to the deed, meaning that a property owner must agree to them as a condition of the sale. Since the failed 1962 zoning referendum, the city has enforced these agreements on behalf of the relevant parties, refusing to issue permits that run afoul of their provisions and bringing legal action against violators.
Is this system of publicly enforced deed restrictions “basically zoning,” as some might argue? On the one hand, deed restrictions—like zoning—demarcate specified areas subject to a distinct set of stricter land-use rules. Both zoning and deed restrictions in Houston are enforced by the government, principally with the aim of propping up home values and maintaining a certain quality of life. Many deed restrictions even have rules banning apartments and enforcing a strict two-and-a-half-story height limit.
Yet, the similarities end there, and Houston’s system of deed restrictions is a significant improvement over zoning. For starters, deed restrictions only cover an estimated quarter of the city, largely in areas with low-rise, detached, single-family housing. Industrial areas, commercial corridors, mixed-use and multifamily neighborhoods, urban vacant lots, and yet-to-be-developed greenfields are virtually never subject to their provisions. This means that roughly three-quarters of Houston—including its more dynamic sections—are largely free to grow without anything even resembling zoning holding them back.
Another key difference is that deed restrictions must be voluntarily opted in to. This serves to discipline deed restrictions in a way that is rarely true of zoning: If the rules are stricter than what prospective homebuyers might prefer, or not strict enough, or simply focus on the wrong concerns, this may translate into lower home values. This in turn nudges homeowners to think through the optimal form of land-use regulation to a degree that rarely happens with zoning.
After deciding to let drug-abusing transients use their restrooms, Starbucks is now closing 16 stores because of rising violence, and the fact that transients are shooting up in their restrooms. Golly, who could have possibly seen that coming?
Another Texas school superintendent has stepped down amid criticism from parents concerned about liberal indoctrination in their children’s classrooms.
At a special meeting Monday afternoon, Clear Creek Independent School District’s board of trustees accepted the retirement of Superintendent Eric Williams, effective in January 2023.
Conservative parents in the Houston-area district had complained that Williams, who started in early 2021, was subjecting their students to liberal ideologies he brought from his former job as superintendent of
On May 12, Biden’s Interior Department blocked a proposal to open up more than one million acres of land in Alaska for oil and gas drilling. Two days later, Biden’s Environmental Protection Agency blocked plans to expand an oil refinery in the US Virgin Islands.
Biden and his defenders said he had to block the expansion of the Virgin Islands refinery, given how polluting it was.
But had Biden’s EPA allowed the Virgin Island refinery to expand, the owners would have poured nearly $3 billion into retrofitting the plant so it produced gasoline and other products more cleanly, while significantly increasing production at the same time.
In truth, there are many things Biden could have done, and still should do, to lower energy prices. He could invoke the National Defense Act to accelerate the rate of oil and gas permits. He could set a floor of $80/barrel for re-filling the Strategic Petroleum Reserve (SPR), which would be a powerful incentive for the industry, because it would prevent prices from falling to unprofitable levels. Biden could announce trade agreements with American allies to supply them with liquified natural gas, which would incentivize more natural gas production and lower prices.
If Biden got America on a wartime footing, as he should be given Russia’s aggression in Europe, we would see the lowering of oil, gas and petroleum prices in less than one year.
Why won’t Biden do it? Because he has declared war on fossil fuels. “I guarantee you, we’re going to end fossil fuel,” Biden promised a student climate activist in 2019. “I am not going to cooperate with them,” he said, referring to the oil and gas industry.
Joe Biden has proven once again that he has no interest in reducing the record-high costs of gasoline, which have gone up throughout his time in office.
Biden not only wants to block all new oil drilling in the Atlantic and Pacific Oceans, but he’s also taking steps to shut down exploration of oil and gas on federal lands.
“A plan released Friday shows the White House proposed no more than 10 potential lease sales in the Gulf of Mexico, an option for one potential lease sale in the northern portion of the Cook Inlet of Alaska, and no lease sales for the Atlantic or Pacific planning areas over the 2023-2028 period,” reports Breitbart. This plan is not finalized, however, but any potential areas of exploration or sale not mentioned in the proposal will reportedly be off-limits from 2023-2028.
Former Japanese Prime Minister Shinzo Abe assassinated by a man with a homemade shotgun while giving a speech.
Abe’s Japan was a reliable ally to the United States. But we should not let the shocking assassination blind us to the fact that Abe’s much-praised (by western MSM outlets, anyway) runaway deficit spending “Abenomics” efforts to lift Japan out of its long-running recession were a colossal failure, jacking up Japan’s national debt to the highest debt-per-GDP ratio in the world while failing to measurably increase actual economic activity.
Here’s a little leadership secret that’s actually not a secret at all to competent commissioned and non-commissioned officers. There are no bad cohorts of soldiers, sailors, airmen, Marines, Coast Guardsmen and whatever the hell Space Force people are called. There are only bad leaders, and we have the worst military leadership in American history, starting right at the top with a commander-in-chief who is less like Ike than Beavis.
In fact – and this rips me up to say because I would not trade my about 27 years in the Army for anything – the reluctance to enlist of the traditional, normal Americans who are most likely to serve and who are the most desirable for service, is entirely rational. You do have an obligation to serve your country in some way, the military being the highest and best way for those who are able. But you do not have an obligation to do so if your life is going to be squandered by a leadership whose strategies are a disaster, whose priorities are not the defense of this country but some sort of bizarre pan-global progressive ideology, and who will use you as a guinea pig in freakish and morally bankrupt social experiments, all while failing to fulfill even the most basic obligations of the leaders to the led. Our military today is failing to meet its recruiting goals because it has failed to earn the trust of normal Americans who would otherwise be inclined to raise their hands.
Snip.
That social justice nonsense is another reason we can’t recruit. Would you want to waive your civil rights and sleep in the dirt to be part of an institution that hates you? Would you feel like joining an organization whose leadership is very, very focused on mythical “white privilege” and those scary “insurrectionists?” Remember, if you are conservative, you are an official extremist threat. If you are a believer, you run afoul of the official morality of CRT. If you think men can’t become women because they feel like it, you are a horrible bigot and you will be ordered to lie and use the pronoun du jour or else.
This is your city on Woke: “Over 400,000 High-Priority Incidents In Chicago In 2021 Had ‘No Police Available To Send.'”
Speaking of Democratic Party-ruled city approaches to crime, look at the New York City case against Jose Alba, who “was sitting in his store working and was no harm to anyone. Then the perpetrator came behind the counter and attacked him.” Alba defended himself by killing his attacker with a knife. Naturally, Soros-backed DA Alvin Bragg charged Alba with murder.
The Social Justice Warrior love affair with pedophiles continues: “Top New Biden Staffer Defended Underage, Gay Prostitution Website Raided By Feds.”
“The owner of a Washington sex shop, who also serves as the director of the local school board, is hosting a pair of sex education workshops for children as young as 9 years old. Jenn Mason, the owner of the Wink Wink Boutique in Bellingham, Washington, and the director of the Bellingham School Board, is hosting a sex-ed workshop titled ‘Uncringe Academy: Sex Education Without (most) of the Awkward’ for children ages 9-18.” If the story seems familiar, it’s because she tried to do the same thing in May. According to their website, she’s still a Bellingham School Board Director.
“The ailing #WokeSuperheroes and teenagers-talking-in-hallways network The CW has been sold for zero dollars.” Plus $100 million in debt assumption. Bonus: Critical Drinker reviews Batwoman.
The Fed goes Volcker, more Welcome Back Carter cosplay, Big Yellow moves to Texas, and Florida Man makes a run for the ocean.
FYI, Blue Host has been acting weird today, giving errors when you tried to save, even though everything appears to be there upon reloading. (Shrugs.)
Fed hike rates 75 basis points. The attempt to Volckerize inflation during the Biden Recession has begun.
Speaking of St. Volcker, there were a lot of other factors that helped kill inflation in the early 1980s:
Oil was one of the primary causes of the 1970s inflation and everyone remembers the oil crisis. During the decade, oil ran all the way from $2 to $39. However, the flipside to this story is that with a lag, high oil prices will eventually incentivize production. The issue was that the US specifically disincentivized US producers and importers. Ronald Reagan signed an Executive Order in January of 1981 to eliminate oil price controls and then removed Jimmy Carter’s idiotic Windfall Profits Tax a few years later. As expected, global production expanded rapidly and with the removal of price controls, that production flooded into the US. By the middle of the decade, despite repeated production cuts by OPEC, there was a global glut of oil and by 1985, oil had collapsed all the way to $7. It wasn’t interest rates that made oil decline, it was government policy on the deregulation side, along with rapid production increases from non-OPEC countries.
President Reagan’s Economic Recovery Tax Act was signed into law in August of 1981, designed to reduce tax rates and incentivize investment by rewarding risk-taking by businesses. In particular, the Accelerated Cost Recovery System served to accelerate depreciation, reducing taxes for those that invested in productive capacity. Once again, government policy, not interest rates led to an increase in investment and ultimately supply, helping to tame inflation.
It wasn’t just Reagan working on de-regulation; The Staggers Act of October 1980, deregulated the railroads, The Motor Carrier Act of July 1980, deregulated the trucking industry, and the Airline Deregulation Act of October 1978 effectively deregulated transport industries. The net effect was dramatic price competition, better ability to invest and innovate, and the ability to eliminate unprofitable business that was funded by profitable business. Almost immediately after passage, pricing for transport services collapsed and the ease of transporting goods expanded.
Organized labor was also dealt a near-fatal blow when Reagan fired the air traffic controllers in August of 1981. This may have reduced the wages for a generation of middle-class workers, but it sure wasn’t inflationary. It also accelerated the decline of unions which had already peaked out as a percentage of workers. More importantly, it reduced the militancy of unions and took the teeth out of their ability to disrupt businesses, leading to better efficiency and lower costs for consumers.
At the same time, when it comes to macroeconomics, demographics equals destiny. In this case, Volcker simply got lucky. Think of the Baby Boom generation, the last of whom was born in 1964. By 1982, these last Boomers hit 18 and started joining the workforce. The eldest Baby Boomers, born in 1946, were already 36 by then. Look at the massive increase in workers starting in the late 1970s and into the 1980s, which tamped down wages and tamed inflation—especially as female participation in the workforce expanded dramatically. This added labor slowed a key component of the inflation.
The Biden Administration looks capable of pursuing none of those policies, and the Baby Boomers are starting to retire…
How did we get here? Well, in addition to those SUPERgeniuses in the Biden Administration, decades of deficit spending, and loose Fed money printing, there’s the Flu Manchu lockdowns.
For weird reasons, some people, many people, imagined that governments could just shut down an economy and turn it back on without consequence. And yet here we are.
Historians of the future, if there are any intelligent ones among them, will surely be aghast at our astounding ignorance. Congress enacted decades of spending in just two years and figured it would be fine. The printing presses at the Fed ran at full tilt. No one cared to do anything about the trade snarls or supply-chain breakages. And here we are.
Our elites had two years to fix this unfolding disaster. They did nothing. Now we face terrible, grim, grueling, exploitative inflation, at the same time we are plunging into recession again, and people sit around wondering what the heck happened.
I will tell you what happened: the ruling class destroyed the world we knew. It happened right before our eyes. And here we are.
Last week, the stock market reeled on the news that the European Central Bank will attempt to do something about the inflation wrecking markets. So of course the financial markets panicked like an addict who can’t find his next hit of heroin. This week already began with more of the same, for fear that the Fed will be forced to rein in its easy-money policy event further. Maybe, maybe not; but recession appears impending regardless.
The polling error for the 2020 election was roughly 4% nationwide, the largest in the last 40 years.
Fast-forward to today. Inflation is 8+ percent, the price of food and gasoline is way up, crime is up, there is a nationwide shortage of baby formula, and don’t get me started on the border crisis. Yet Joe Biden’s job approval is close to 40% positive. That means almost four out of every ten Americans think Joe is doing a good job if you believe the RealClearPolitics average. And I don’t.
Snip.
If the polls are overestimating approval numbers for Biden and other Democrats, how bad is it? The political climate today is different since the 2020 election, but the Democrat poll bias seems intact, which was 4% nationwide. Since nonresponse bias, 4%, and registered voter bias, 2.6%, should be mutually exclusive, we can add them together. This gives us a total Democrat bias of roughly 6.5%
What does this mean? Until pollsters switch to sampling likely voters right before the election, you can subtract a solid 6 percent from Joe Biden’s approval numbers. And if nothing changes before the election, any Democrat who leads by 3 percent or less is likely to lose.
Texas Attorney General Ken Paxton is enjoying a victory against a Biden administration policy that has allowed illegal aliens to cross the southern border without consequence.
In 2021, President Joe Biden’s Department of Homeland Security issued a rule giving immigration law enforcement officials the power to decide whether or not to detain illegal aliens who attempt to cross the border (in contradiction to federal law, which says they must all be detained).
This policy caught the attention of Texas Attorney General Paxton and Louisiana Attorney General Jeff Landry, who sued to stop the rule change, arguing that Biden was violating federal law when refusing to take custody of criminal migrants.
Paxton bashed President Biden, arguing that the policy was contrary to federal law and was instituted without following the proper procedure. Over a year since the original lawsuit was filed, a federal judge issued a ruling against the Biden administration on Friday.
Federal District Judge Drew Tipton said in his decision that the rule was “an implausible construction of federal law that flies in the face of the limitations imposed by Congress.” Tipton added, “Whatever the outer limits of the authority, the executive branch does not have the authority to change the law.”
After a legal fight lasting almost a year, Texas judges ruled a final judgment banning Biden’s detention-discretion rule.
Speaking of Musk: Several snowflakes working at SpaceX circulated a letter calling Musk “an embarrassment” and demanding the company be more “inclusive.” Result: He fired their ass. Good.
San Antonio symphony orchestra shuts down and files for Chapter 7 bankruptcy. “The last bargaining session between the Symphony Society and the Musicians’ Union took place on March 8, 2022 after which the Union declined to return to the bargaining table, despite efforts of federal mediators and the Symphony. The Musicians’ Union has made it clear there is no prospect of the resumption of negotiations, absent the Board agreeing to a budget that is millions of dollars in excess of what the Symphony can afford.” (Hat tip: Dwight.)
Democrat tries to murder Brett Kavanaugh and Pelosi shrugs, human traffickers busted in Texas, another Democrat convicted of voting fraud (in Philadelphia, naturally), WaPo finally draws a line it won’t let SJWs cross, and an 8K computer that can be yours if you have somewhere north of a quarter million dollars. It’s the Friday LinkSwarm!
Another month, another four decade high inflation rate. “The Consumer Price Index (CPI) went up by 8.6 percent in May, the highest year-over-year increase since December 1981.”
Nicholas John Roske was charged with attempting or threatening to murder or kidnap a Supreme Court justice Wednesday after traveling to Justice Brett Kavanaugh’s home armed with a Glock handgun, intent on killing the justice over his expected rulings in ongoing cases related to abortion and the Second Amendment.
Roske, 26, of Simi Valley, Calif., was identified as the suspect in an affidavit unsealed Wednesday afternoon. Roske told law enforcement that he called 911 to turn himself in because he was having suicidal thoughts, also telling the operator that he intended to kill a “specific” Supreme Court justice, according to the affidavit.
Roske was subsequently arrested, and officers found a Glock 17 pistol with two magazines, as well as a tactical knife, pepper spray, and other items.
Naturally, Democrats stalled a bill to provide additional security for Supreme Court Justices.
A former Democratic congressmen convicted and expelled for taking bribes has now been convicted of committing that voting fraud that Democrats swear up and down doesn’t exist.
A former Democrat congressman, who was expelled from the House of Representatives in 1980 after getting caught taking bribes in what turned out to be an FBI sting, pleaded guilty to multiple election fraud charges this week after the U.S. Department of Justice charged him with bribery, falsifying voting records, stuffing ballot boxes, and more election crimes in Pennsylvania.
According to U.S. Attorney Jennifer Arbittier Williams, 79-year-old Michael “Ozzie” Myers admitted to bribing Philadelphia election judge Domenick J. Demuro, who already pleaded guilty in 2020, during the 2014, 2015, 2016, 2017, and 2018 state elections for $300 to $5,000 per election and then telling him to lie about falsely inflating votes.
Demuro, who “was responsible for overseeing the entire election process and all voter activities of his Division in accord with federal and state election laws,” then manipulated the voting machines in his respective ward and division in a way that satisfied Myers’ desire to “illegally add votes for certain candidates of their mutual political party in primary elections,” especially those clients who paid him “consulting fees.”
“Some of these candidates were individuals running for judicial office whose campaigns had hired Myers, and others were candidates for various federal, state, and local elective offices that Myers favored for a variety of reasons,” the DOJ noted in a press release.
Myers pulled the same stunt with another South Philadelphia election judge Marie Beren, who also pleaded guilty in 2021 to her role in the fraud.
“Myers acknowledged in court that on almost every Election Day, Myers transported Beren to the polling station to open the polls. During the drive to the polling station, Myers would advise Beren which candidates he was supporting so that Beren knew which candidates should be receiving fraudulent votes. Inside the polling place and while the polls were open, Beren would advise actual in-person voters to support Myers’ candidates and also cast fraudulent votes in support of Myers’ preferred candidates on behalf of voters she knew would not or did not physically appear at the polls,” the DOJ stated.
The pair also used cell phone communication to notate in real-time how many votes they faked versus how many were real.
“If actual voter turnout was high, Beren would add fewer fraudulent votes in support of Myers’ preferred candidates. From time to time, Myers would instruct Beren to shift her efforts from one of his preferred candidates to another. Specifically, Myers would instruct Beren ‘to throw support’ behind another candidate during Election Day if he concluded that his first choice was comfortably ahead,” the press release continued.
Much like Demuro, Beren then falsified poll books “by recording the names, party affiliation, and order of appearances for voters who had not physically appeared at the polling station to cast his or her ballot in the election” and balanced the list with the ballots recorded by voting machines before certifying the tainted results.
In a story that launched a thousand “Bye, Felicia” jokes, Washington Post Social Justice Warrior “reporter” Felicia Sonmez was fired for insubordination and constantly attacking her co-workers for victimhood points.
The workplace drama began on June 2 when Sonmez publicly took colleague Dave Weigel to task after he retweeted a joke from YouTuber Cam Harless that said “every girl is bi. You just have to figure out if it’s polar or sexual.”
Sonmez posted a screenshot of the retweet, captioning it “fantastic to work at a news outlet where retweets like this are allowed!”
Weigel deleted the retweet, and explained that he “did not mean to cause any harm.” Nevertheless, the Post handed down a one-month unpaid suspension to punish Weigel for his retweet.
Post reporter Jose A. Del Real then waded into the controversy to criticize Somnez for continuing to tweet about Weigel and the paper even after it took action against Weigel. He accused her of public bullying and “clout chasing,” leading Sonmez to accuse Del Real of violating the paper’s social-media policy.
With the drama hitting a boiling point, Post executive editor Sally Buzbee sent an internal memo to staff saying, “we do not tolerate colleagues attacking colleagues either face to face or online.”
The memo seemed to spark a flood of pro-Post tweets from its reporters, who used similar language to laud the paper’s “collegial” work environment.
Sonmez evidently took offense to her colleague’s tweets saying they were proud to work at the paper.
“The reporters who issued synchronized tweets this week downplaying the Post’s workplace issues have a few things in common with each other,” Sonmez wrote on Twitter on Thursday morning. “They are all white . . . They are among the highest-paid employees in the newsroom, making double and even triple what some other National desk reporters are making, particularly journalists of color . . . They are among the ‘stars’ who ‘get away with murder’ on social media.”
Will this be a cause for soul-searching among MSM outlets over the wisdom of staffing their newsrooms with social justice warriors? Of course not. Sonmez dared to make the mistake of going after higher ranking members of the Clerisy.
Taylor Lorenz and the Washington Post are attempting a third adpocalypse. They’re attempting to take out rivals to the leftwing legacy media — specifically, YouTubers who sided more with Johnny Depp during the Amber Heard defamation trial. The leftwing media, of course, had uncritically championed Amber Heard, as they’d championed all #MeToo allegations, #BelievingAllWomen without asking for any evidence.
In fact, the defamatory opinion piece Depp sued Heard for appeared in the Washington Post. They just added a stingy “Note” to their defamation.
So Lorenz is now attempting to paint it as dangerous for people to openly question #MeToo allegations on YouTube, and to suggest there’s something wrong with non-legacy-media outlets making money off of a major media story. There’s nothing wrong with the Washington Post making money off it, of course — because they take the proper leftwing view of things.
But people like Rekieta or YellowFlash or That Umbrella Guy, the people who thought that Amber Heard was lying? Which, of course, a jury found to be the case?
They’re dangerous and they shouldn’t be allowed to make money off it. And damnit, YouTube has got to control who is allowed to make money from these news events!
By the way: The entire Depp/Heard story was already heavily censored by YouTube. Videos would be demonetized — denied advertising — if they discussed it all. Because of this, YouTubers were forced to resort to the childish tactic of referring to Depp as “The Pirate Guy” and Heard as “the Aqua Lady” to avoid censorship and demonetization. They had to avoid saying the names of the people they were talking about.
No, I’m serious.
But that’s not enough for Taylor Lorenz and The Washington Post.
Either they have to declare “The Aqua Lady is telling the truth and The Pirate Guy is an abuser,” or they must be deplatformed!
And Lorenz, in making the case that only she, a nobody, barely-educated semiliterate wannabe influencer who pretends to be a tweenager online and gets away with it because she is effectively developmentally delayed, should be allowed to weigh in on the Depp-Heard trial, and that actual trial lawyers like Rikieta and LegalBytes should not be so allowed, is on a scorched earth campaign to make them toxic to advertisers.
And of course she’s also up to her old tricks of claiming she reached out to her subjects — I mean, targets and victims — for comment.
Spoiler alert: She did not reach out to her targets and victims for comment.
Gordon decided to take a strategic approach to make the Virginia GOP a party that could attract serious, intelligent, capable candidates, run them, and win. He founded The Virginia Project (TVP) with the mission to create a 21st-century party infrastructure capable of competing effectively and rolling back Democrat Party influence.
Once Gordon realized that Republicans failed to field candidates in 25% of races with a Democrat incumbent in 2019, he made running a candidate in every race a mission point. Other objectives of TVP included taking a complete accounting of GOP performance in every election district and providing a baseline level of support for every GOP candidate in the state. The group also wanted to share tools and best practices to optimize branding, marketing, messaging, voter outreach, and mobilization throughout the state. The goal was to disrupt the Democrats’ narratives and force them to play defense.
After the 2020 election, Gordon realized that to put Democrats on their heels, TVP would have to go on offense. There was no way to verify the vote in Virginia after nearly 60% of Virginians voted early or by mail. The window for challenging congressional elections closed in 25 days. There was no point in fielding candidates across the state without shoring up election integrity. So with the help of Ned Jones, Gordon and TVP set about securing Virginia’s elections.
The group forced the implementation of voter roll management laws already on the books. TVP ensured the process was logged, transparent, and consistent in every Virginia county and removed a half million bad entries from the voter rolls statewide. Then TVP made sure a system was in place for 2021 that had what Gordon refers to as “Eyes on Every Ballot.”
Challenging elections after the fact proved fruitless at the state and national levels in 2020. The key would be to challenge violations on the spot rather than post facto. TVP prepared and delivered training for election observers. The Virginia GOP went from 33% to 95% observer coverage. Gordon said, “The worse Biden gets, the more people volunteer. A good look in some of the disputed states in 2020 also motivated people to get involved.”
The success in recruitment and training allowed the GOP to challenge every suspected violation on election night 2021. As a Twitter thread from TVP noted, “[DNC lawyer Marc] Elias’ now-legendary losing streak started with us stopping him. We fought for and won every legal stipulation needed to enforce our rights.”
President Biden unveiled new sanctions Thursday targeting influential Russians and President Vladimir Putin’s yachts on the 99th day of Moscow’s invasion of Ukraine — but two oligarchs linked to his son Hunter Biden again were spared.
The slow rollout of sanctions comes despite the president threatening “swift and severe” penalties ahead of the invasion, which began Feb. 24.
New US-targeted individuals include the steel and gold-mining oligarch Alexey Mordashov, Putin-linked money manager Sergei Roldugin, billionaire property developer God Nisanov, electronics executive Evgeny Novitsky, banker Sergey Gorkov and Russian Foreign Ministry spokeswoman Maria Zakharova. The Treasury Department also sanctioned two yachts that Putin allegedly co-owns and the Monaco-based yacht brokerage Imperial Yachts and its Russian CEO, Evgeniy Kochman.
It remains unclear why Hunter Biden’s alleged Russian business associates — the billionaire oligarchs Yelena Baturina and Vladimir Yevtushenko — eluded the latest round of US sanctions against members of Russia’s business elite.
It’s a great mystery.
Baturina, whose wealth derives largely from construction, in 2014 paid a firm associated with Hunter Biden $3.5 million, according to a 2020 report written by Republican-led Senate committees. She is the widow of former Moscow mayor Yury Luzhkov, and documents from Hunter Biden’s laptop indicate she may have attended a 2015 dinner in DC with then-Vice President Joe Biden.
Yevtushenkov, who owns a nearly 50% stake in Russian conglomerate Sistema — which has telecom, retail, banking, food and health interests — faces UK sanctions over Russia’s invasion of Ukraine, but hasn’t yet been targeted by the Biden administration. He met with Hunter Biden in 2012 at Moscow’s Ritz-Carlton hotel, but recently claimed they had no subsequent contact.
Before the war, [Sgt. 1st Class Chris] Freymann, a cavalry scout in the Washington state National Guard, had been the lead instructor in the U.S. military’s program that trained soldiers in Ukraine how to use the shoulder-fired tank-killing missiles. He trained about 200 Ukrainian troops during his months with the program.
Russia launched its invasion in February, after U.S. trainers left. But the relationships Freymann made remained. His former students — now troops fighting on the front lines — again reached out for help on operating the Javelins as they encountered technical issues or forgot details.
“When the war started, I had a lot of guys hitting me up on WhatsApp,” Freymann told Military.com. “One of our linguists, her husband was one of the few soldiers who were left. A lot of the students trained by the other [Guard units] died.”
Freymann would relay information on operating the Javelin to the linguist. Her husband, who was in the fight, would then send Freymann photos and videos of destroyed Russian tanks. Freymann says at least four tanks were destroyed after some of his over-the-phone coaching.
Stop me if you’ve heard this one before: Americans are abandoning high tax states (New York, California, Illinois, Massachusetts, New Jersey) and moving to low tax states (Florida, Texas, Arizona, North Carolina, Tennessee). (Hat tip:Ed Driscoll at Instapundit.)
Catastrophic failure at an aluminum extrusion line. Looks like an overpressure event and the oil itself (over a drop ceiling no less) open a portal to a demon dimension… pic.twitter.com/VQeM0f85Mw
Not news: Real estate owners in New York City jacking up rates. News: Jacking up New York real estate. Namely jacking a landmark Broadway theater up 30 feet to put retail space underneath it.
The big scandal in the Hunter Biden Laptop story isn’t Hunter’s deplorable actions, it’s Joe Biden’s corruption.
Investigative reporter Peter Schweizer reiterated what he’s said about Hunter being close to criminal indictment. He said The New York Times “got a lot of cooperation from Team Biden” before they ran the story on Hunter that included their admission that the laptop was, indeed, real. He says Biden’s team was “trying to position themselves.” Of course, this case isn’t really about Hunter but the President of the United States, and a criminal indictment would open up “that whole can of worms” concerning dad’s connections to dirty money and the associated tax issues and huge national security concerns.
Snip.
George Soros, probably the most influential man in Ukraine, is a big part of this story, too. He gave $1 million to the humorously named Democratic Integrity Project, headed by Daniel J. Jones, a former FBI analyst and staffer for California Sen. Dianne Feinstein. Jones had started the nonprofit (seems pretty profitable to me) after Glenn Simpson of Fusion GPS approached him with the idea of forming the organization. Then, after filling its coffers to the tune of $7 million, Jones turned around and wrote a check to Fusion GPS for $3.3 million. I am not making this up. The same players keep turning up again and again.
Fusion GPS’s task: to research how Russian intelligence operations were affecting elections around the world. And they brought in Hillary’s campaign chairman John Podesta to help. Still not making it up, my friends. This was after Podesta’s and the DNC’s emails had been purloined (the narrative became that they were hacked by Russia) and published by WikiLeaks, to the DNC’s embarrassment.
(Incidentally, John’s lobbyist brother Tony was under investigation at that time for “cashing in” in Ukraine. He was paid $1.2 million to promote a plan conceived, ironically, by Manfort and Gates.)
Then there’s the story you know, the investigation of Burisma by prosecutor Viktor Shokin until then-Vice President Biden got him fired by threatening to withhold a $1 billion loan guarantee. By now everyone has seen the video of Biden bragging about it before a live audience — without mentioning Hunter was on the Burisma board.
There’s much more, involving Soros and an investigation by Shokin’s replacement into a Soros-funded organization, the ironically named Anti-Corruption Action Center (AntAC). This was when the new U.S. Ambassador to Ukraine Marie Yovanovitch (remember her from Trump’s impeachment?) gave the prosecutor a list of people not to prosecute, including a founder of AntAC. Second-in-command George Kent had already tried to discourage the prosecutor from investigating. According to reporter John Solomon, their message to Ukrainian officials was this: “Don’t target AntAC in the middle of an American presidential election in which Soros was backing Hillary Clinton to succeed another Soros favorite, Barack Obama.”
There are others in Ukraine tied to both the Russia hoax and Trump’s impeachment. California Rep. Adam Schiff, running the impeachment, trotted out our diplomatic “experts” from Ukraine to talk about Trump and his “impeachable” phone call to President Zelenskyy. Those were Americans, our diplomatic corps, who’d been telling Ukrainian prosecutors who they could and could not prosecute and treating a Soros-funded organization like some sort of sacred cow. Soros supported Hillary and was Trump’s political enemy. He funded an organization conceived by Glenn Simpson. Something smells like bad borscht.
Questions asked: “Did The New York Times Admit Joe Biden Is Corrupt So Democrats Can Get Rid Of Him?” (Hat tip: Director Blue.)
Will Rogers once famously said he did not belong to an organised political party because he was a Democrat. Yet today the traditional factiousness of the Democratic coalition has been engulfed by an almost Stalinist attitude that brooks no dissent on its most treasured policies – even though these do not resonate well with the bulk of the electorate.
To recover, Democrats need to find a way back to their historic base of working-class and minority voters, who now seem to be heading to the GOP. Franklin D Roosevelt’s alliance between big cities, small towns, labour unions and farmers was often awkward, but it still achieved remarkable success in restoring US confidence and winning the war. In contrast, President Biden’s boneheaded embrace of a progressive agenda that is widely detested across most of the population may prove to be one of the greatest political blunders of recent American history.
Given the probability of a significant loss in this November’s Midterms, we should expect – and hope for – a full-scale brawl over the party’s trajectory. There needs to be something equivalent to the New Democrats who, under Bill Clinton, revived the party after the devastating defeats of George McGovern and Michael Dukakis in the 1970s and 80s by moving the party to the centre and connecting it to the country’s diverse regions. ‘Too many Americans’, wrote New Democrats Bill Galston and Elaine Kamarck in 1989, ‘have come to see the party as inattentive to their economic interests, indifferent if not hostile to their moral sentiments, and ineffective in defence of their national security’.
Snip.
The economic metrics are awful. Despite nominal GDP gains and higher wages, inflation, largely driven by energy prices, has been particularly cruel to minority and working-class voters. Overall, when asked if they are better off now than a year ago, twice as many Americans said ‘worse’ than better in a recent poll.
The cave-in to the greens has increased the Democrats’ economic vulnerability, particularly in the wake of Russian aggression and the continued role of China as the world’s dominant greenhouse-gas emitter. The well-funded American environmental elite lack the grudging sense of realism of their German counterparts, who have been forced to reconsider some of their energy policies in light of the invasion. But in resource-rich America, the green grandees still oppose boosting fossil-fuel energy supplies, despite 80 per cent of voters, and an equal percentage of Democrats, favouring the use of both fossil fuels and renewables. Public support for Net Zero / the Green New Deal hovers around 20 per cent.
Essentially the Democrats’ Net Zero obsession could result in a political disaster. In February, according to Gallup, only two per cent of voters named climate or the environment as their biggest concern, one-fifth the number who named inflation and barely one-tenth the number who cited poor government leadership. Relentless climate scaremongering has not moved the needle among voters. ‘Climate catastrophism’, notes political strategist Ruy Teixeira, is a political ‘loser’, particularly among working-class voters of all races.
Cultural issues represent another fault line between the bulk of the electorate and the tin-eared elites of the party. Democrats’ have embraced what former Bill Clinton strategist James Carville scathingly labels ‘the politics of the faculty lounge’, such as support for the increasingly discredited Black Lives Matter movement and its calls to ‘defund the police’. This idea may be beloved at places like Harvard, but among the less elevated mortals it is widely unpopular, even among minorities, including two of the nation’s Democratic African-American mayors, Houston mayor Sylvester Turner and New York City’s Eric Adams.
Voters view crime as the second-most pressing issue, after the economy and inflation. Here again the survey results are equally distressing for the progressive agenda. Voters, according to one recent survey, blame the Democrats for the current crime wave by a margin of two to one. Moderate Democrats, like retiring Florida congresswoman Stephanie Murphy, herself a refugee from Vietnam, found her support for legislation that would penalise undocumented criminals got her labeled as ‘anti-immigrant’ by the party’s dominant progressive mob.
“Hispanic Texans Overwhelmingly Believe There Is a Border Crisis and Support Security Measures.” “Almost three-quarters of respondents agreed that there is a crisis at the U.S. border with Mexico with only 23 percent disagreeing with that characterization.”
Turns out even Democratic primary voters don’t think you should be talking to kindergartners about sex:
“U.S. Rep. Filemon Vela will resign early from Congress. The South Texas Democrat announced last year that he wouldn’t seek reelection. He’s leaving early to take a job at a law firm.” Yeah, people don’t leave the United States Congress early for a law firm job. There’s something else going on there. (Hat tip: Push Junction, who noted Republicans have a good chance to flip the seat.)
“Hidalgo Staff Allegedly Plotted to Steer $11 Million Contract, ‘Slam the Door’ on Competing Bid, per Warrants. A grand jury investigation found probable cause of tampering with governmental documents and misuse of official information related to a contract awarded to a woman with ties to local and national Democrats.” My working theory is that whenever you see something like this going on, kickbacks, graft and illegal donations to hard left groups and individuals are all but a certainty.
Also: “Hidalgo Says Communications About $11 Million Vaccine Outreach Contract Were Private, Taken Out of Context.” When you’re talking about a public official discussing a public contract using taxpayer money with her public staff, also paid using taxpayer money, there is no such thing as “private.”
Nicholas Moran cautions to avoid drawing too many conclusions from the limited video information coming out of the Russo-Ukranian War. “That tanks unsupported by the other arms are easy prey is tanking 101, and what we are seeing in Ukraine isn’t revolutionary, it’s exactly what you would expect to happen if you send vehicles in unsupported into areas infested with infantry and not denied to enemy air.” Also: We’re only seeing the Ukrainian side because they’re the ones uploading cell phone footage, and an important reminder that an anti-tank hit is not an anti-tank kill. (Previously.)
Borepatch is not impressed with the level of security in the latest online voting scheme.
Heh:
I was robbed at a gas station in NJ last night. After my hands stopped trembling..I managed to call the cops and they were quick to respond and calmed me down….. My money is gone.. the police asked me if I knew who did it..I said yes.. it was pump number 9…
This seems disturbing: “Seven hospitalized ‘including four juveniles’ in mass fentanyl poisoning after deadly drug is released through air vents.” This was in Ohio. So add “aerosolized Fentanyl” to the list of things to worry about…
“United Airlines Rolls Back Vaccine Requirements for Employees. United Airlines announced that it would be changing its policy and that unvaccinated workers would be allowed to return to their normal positions by March 28.” Personally, I’d try to get them to pay through the nose for my return…
Another week, another high-profile staffer quitting Kamala Harris’ office. “On Monday, in the wake of Vice President Kamala Harris’ disastrous visit to Poland, it was reported that her National Security Adviser Nancy McEldowney, will become the latest staffer to leave Harris’ office.”
“Investors at BuzzFeed are reportedly pressuring CEO Jonah Peretti to close down its entire money-losing news operation as senior journalists announced their resignations on Tuesday.” See, the problem here is that they used “Buzzfeed,” “journalists” and “news” all in the same sentence…
Speaking of failing leftwing outlets, the Texas Observer is circling the drain.
In September, the Observer’s editorial staff comprised 13 journalists. As of this month, after a rash of resignations — and one firing — only four of them remain. The five-person business team dwindled to zero in February. This mass exodus, former staffers said, can be traced to a series of board decisions — from the handling of a complaint by former Editor-in-Chief Tristan Ahtone, which led to his resignation; to promising Executive Editor Megan Kimble the top job in the interim, only to pass her over for an outside hire; to unilaterally halting publication of the magazine just days before it went to print.
Read on for the blow-by-blow, but evidently the staff got too uppity for the board of directors and we’re shown the door, with some side orders of “diversity” and “a web-first publication.” I would say this was all good schadenfreude, but I doubt I’ve even thought of the Observer since George W. Bush was governor…
Louis Rossmann finds the same problems plaguing New York City also plague D.C., namely high retail vacancies and general disorder. “It’s literally like somebody just picked up all the problems of New York City, control-C, and control-V them somewhere else.”
Speaking of New York City, Democratic Mayor Eric Adams wants you to know that athletes and actors are simply better than you common peasants, so vaccine mandates don’t apply to them. “The exemption for athletes and entertainers comes ahead of the upcoming baseball season, opening the field for unvaccinated Mets and Yankees to play home games too. Roughly two-thirds of Yankees players and at least ten Mets remain unvaccinated and will now be able to participate, Jon Heyman of the MLB Network noted.” Plus Kyrie Irving on the Brooklyn Nets.
Hunter Biden’s laptop takes another turn in the news cycle, Democrat-connected sex offenders are popping up everywhere, a killer camel, and the return of Florida Man. It’s the Friday LinkSwarm!
And virtual no Russo-Ukrainian War news, since I did that yesterday.
I would say that everyone outside of the Democratic Media Complex knew that two years ago, but of course, more than half the Democratic Media Complex knew that as well and simply lied about it to get Biden elected.
Got to say this treat aged pretty well.
1. The Hunter Biden laptop story was true. 2. The story implicated Joe Biden in global pay-for-play graft from countries like Russia, China and Ukraine. 3. The #DemocraticMediaComplex suppressed the story because they wanted Biden to win.
The Mexican border city of Nuevo Laredo has been transformed into a warzone after the arrest of a top cartel boss. Burning vehicles littered the streets, and heavy gunfighting was reported causing the U.S. consulate to go on lockdown and the U.S. border crossing to be temporarily shut down on Monday.
The chaos erupted late Sunday when Juan Gerardo Trevino, or “El Huevo,” the leader of one faction of the Northeast Cartel, the successor group to the Zetas Cartel, was arrested. He is also a U.S. citizen, a Mexican government official told Reuters. Trevino is on the U.S. Customs and Border Protection’s (CBP) list of most wanted cartel members.
Trevino faces a U.S. extradition order for drug trafficking and money laundering.
In response to the arrest, cartel members hijacked and burned vehicles and attacked law enforcement and military personnel.
“During the night of Sunday, there were shootings, burning of trucks, and a grenade attack on the U.S. consulate,” Mexican newspaper El Occidental said.
On Monday, Nuevo Laredo Mayor Carmen Lilia Canturosas warned citizens in the border town to take cover.
The woke want to destroy science. “The giant plan to track diversity in research journals. Efforts to chart and reduce bias in scholarly publishing will ask authors, reviewers and editors to disclose their race or ethnicity.” Translation: Science is not sufficiently biased in favor of our political goals.
According to the latest Winston Group poll, voters still believe Democrats want to defund the police by a 48%-34% margin.
“In terms of what is the position of the Democratic Party, voters tend to believe that Democrats want to defund the police, ” pollsters David Winston and Myra Miller explain. “Among groups outside the Democratic Party, Hispanics believe this is what Democrats want (49%-32%), as do suburban voters (45%-36%). Independents believe this slightly at 41%-33%, but especially conservative independents (61%-20%).”
Despite the efforts to distance themselves from the movement, some in the Democratic Party still openly support defunding the police, which means that the public will continue to believe Democrats still embrace the radical Black Lives Matter. movement, not police.
Federal Reserve raises interest rates .25%, bringing it to .5%. Remember, in order to kill the last bout of inflation, Paul Volker hiked rates up to 20%. There’s a lot more pain ahead…and given the huge amount of quantitative easing centrals banks have done, and the extensive budget deficits most of the governments in the developed world are running, 20% may not be enough.
Researcher Kyle Becker produced in-depth, acclaimed portrait of just how much money Anthony Fauci was making. Result: Forbes fired him. (Hat tip: 357 Magnum.)
The electorate is increasingly pessimistic about the direction in which President Biden and Democrats are steering the country and feel that the party’s priorities do not align with their own.”
What’s the solution?
The pollsters advise that if Democrats want to have “a fighting chance in the midterms – as well as a shot at holding on to the presidency in 2024,” that they need to embark on a “broader course correction back to the center,” and show voters that they are focused on solving quality-of-life issues.
In short, Democrats need to reject their progressive wing and its embrace of big government spending and identity politics.
Indeed, a majority of voters (54 percent) — including 56 percent of independents — explicitly say that they want Biden and Democrats to move closer to the center and embrace more moderate policies versus embracing more liberal policies (18 percent) or staying where they are politically (13 percent).
Most voters (61 percent) also agree that Biden and Democrats are “out of touch with hardworking Americans” and “have been so focused on catering to the far-left wing of the party that they’re ignoring Americans’ day to day concerns” such as “rising prices” and “combatting violent crime.” -The Hill
The top issue for voters is inflation – which sits at its highest level in 40 years – according to 51% of respondents, followed by the economy and job creation (32%). Yet, just 16% of voters believe the economy is Biden’s main focus, and trust Republicans over Democrats to manage it (47% vs. 41%) and control inflation (48% vs. 36%).
Voters also see Biden and Democrats as weak on crime (56%) – perhaps due to four years of Democrats pushing ‘defund the police’ under Trump, while our sitting Vice President raised bail money for BLM rioters.
Speaking of groomers: “Clinton-Connected Haiti Pastor Indicted For Child Sexual Abuse & Assault…The United States is charging pastor Corrigan Clay with child sex abuse after “engaging in illicit sexual conduct” with a Haitian orphan he adopted…Corrigan is the co-founder of the non-profit charity “Apparent Project”, which is a Clinton-connected group selling jewelry, clothing and art made by Haitian orphans.”
Speaking of Democrats being soft on sex offenders, Missouri Republican Senator Josh Hawley uncovers why Biden Supreme Court nominee Judge Ketanji Brown Jackson deserves to be rejected:
Judge Jackson has a pattern of letting child porn offenders off the hook for their appalling crimes, both as a judge and as a policymaker. She’s been advocating for it since law school. This goes beyond “soft on crime.” I’m concerned that this a record that endangers our children
With the Nickel market shuttered after a Chinese stainless steel tycoon was caught with a historic, potentially fatal $8 billion margin call hanging over its head, today the London Metal Exchange announced that it will reopen its nickel market on Wednesday, more than a week after it was closed last Monday, after the Chinese company at the center of the epic short squeeze was bailed out by a consortium of banks led by JPMorgan which is also the largest counterparty to the short (for a detailed breakdown read “The 18 Minutes of Trading Chaos That Broke the Nickel Market”) .
Trading in nickel will resume after Xiang Guangda, whose massive short position equivalent to approximately 150,000 tons of nickel, sent shockwaves across the commodity market last week, announced a standstill with his banks to avoid further margin calls as Bloomberg first reported earlier. Xiang’s Tsingshan Group had been in discussions with banks led by JPMorgan about a loan facility to backstop his short position and said Monday that talks on the funding would continue during the standstill period. As a reminder, Xiang is JPMorgan’s largest counterparty, and owes Jamie Dimon several billion, money which the largest US bank would not receive unless it bailed out the Chinese firm.
If you owe the bank $100,000, you have a problem. If you owe the bank $8 billion, the bank has a problem…
Category: Extremely unexpected horrifying headlines: Petting zoo camel kills two. Not in the zoo, fortunately, as Humpy had busted out of the joint and was on the lam… (Hat tip: Dwight.)
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