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.)
Republican inroads into Texas Democratic Hispanic strongholds continue apace.
According to unofficial results, Republican Mayra Flores has won the special election to represent Texas’ 34th Congressional District, anchored in Cameron County.
The 34th is a sprawling district that includes a lot of rural southern Texas between San Antonio and the Gulf Coast. Cameron County is where the Rio Grande empties into the Gulf of Mexico, and includes Brownsville, Harlingen and South Padre Island.
It’s an 85% Hispanic district that went for Obama by 61% in 2012, but for Biden by only 51% in 2020, an indication of the steady erosion of Democratic support among Texas Hispanics. And it’s also a district that suffers greatly under the Biden Administration’s continued refusal to deport illegal aliens.
It’s also where Elon Musk’s SpaceX launch facility in Boca Chica is located. A small house Boca Chica is also Musk’s legal residence, and Musk announced on Twitter that he voted for Flores.
I voted for Mayra Flores – first time I ever voted Republican.
Flores’ victory represents a major upset for the historically Democratic seat.
A Republican has not won the seat since the district was drawn in the last redistricting cycle 10 years ago. In fact, over the past forty years, a Republican has only won the seat once, in 2010.
Flores squeaked past the 50 percent mark just after 9 p.m. on Tuesday night. At the time, runner-up Dan Sanchez, a Democrat, had just over 43 percent of the vote.
Flores enjoyed a clear advantage over Sanchez in the election day vote count. Among early voters only, the gap between the two candidates was fewer than 300 votes. Election day voters preferred Flores to Sanchez by well over a thousand votes.
The special election pitted candidates from both parties in a four-way race on the same ballot. However, party leaders largely rallied behind Flores and Sanchez.
Flores, a respiratory care practitioner, had already won the Republican primary in March before the incumbent Filemon Vela (D-TX-34) announced his retirement. Flores enjoyed the endorsements of Governor Greg Abbott and Texas GOP Chairman Matt Rinaldi.
On the Democratic side, Rep. Vicente Gonzalez (D-TX-15), who currently represents a neighboring congressional district in South Texas, won the Democratic nomination on March 1. However, Vela’s abrupt resignation announcement meant that Gonzalez would have had to leave his current seat to run for the 34th district instead of waiting for a regular transition in November.
Gonzalez decided not to leave his current seat, endorsing Sanchez in his stead.
Sanchez also nabbed Vela’s endorsement among other prominent Democrats, such as attorney general candidate Rochelle Garza.
However, there’s a caveat:
Bolstered by ongoing political trends in South Texas, timing gave Republicans an advantage.
The voting population included in District 34 under the current map leans 54 percent Democratic based on data from the past two general elections. But the voting population of the newly adopted district map leans 63 percent Democratic.
In other words, if Vela had not retired and triggered a special election, his replacement would have been decided in November by a more Democratic voting population than what the district currently includes.
Flores may face a greater challenge in November when the regular election takes place under the new map with a more Democratic voting population.
Between the impact of the Biden Recession and the continued flight of Hispanics from the Democratic Party, if ever there were a year for Republicans to defend a marginal seat, 2022 is it. Expect Flores to get all the help she needs from the state and national party to hold the seat.
The economy is contracting (thanks Biden), attacks and counterattacks in eastern Ukraine, regulation madness, and something from the 1875 crime blotter in 2022. It’s the Friday LinkSwarm!
Note: Today’s LinkSwarm will be a bit shorter than usual because: A.) I’m off Twitter for the time being, so I’m not grabbing links there, and B.) I took the day off from work and I’m just feeling lazy.
Sure, the Biden Administration sucks on basic competence when it comes to the American economy, but to balance that, they also suck on regulation.
The Biden Administration capped off its first full year in office with more than $201 billion in regulatory costs and 131 million hours in new annual paperwork, putting it far ahead of the two immediately preceding administrations’ respective first years by a wide margin.
Actions related to vehicle emissions and COVID-19 safety measures provided the vast majority of these administrative burdens.
Additionally, in terms of executive orders issued during the first year of an administration, the 77 put forth by President Biden represent the highest number since the Ford Administration.
Russia’s invasion of Ukraine continues, and Russian forces seem to be making a slow, grinding advance on the strategic city of Severodonetsk in eastern Ukraine. “Moscow has poured thousands of troops into its assault on Severodonetsk and its sister city of Lysychansk. The twin cities, straddling the Siverskyi Donets river, have been in Russian sights for months. They currently comprise the lone Ukrainian redoubt in the Luhansk oblast.” Taking Lysychansk will require Russians to cross the Donets, previous attempts at which have been disasterous for them.
Russia has succeeded in taking Lyman, but Ukraine has launched counterattacks against the Russian forces encircling Severodonetsk.
The Texas Association of School Boards is set to leave Its parent organization, the National School Board Association, according to records obtained by Texas Scorecard.
The National School Boards Association made headlines last year following their letter to President Joe Biden and U.S. Attorney General Merrick Garland requesting federal intervention in local school board meetings and referring to concerned parents as “domestic terrorists.”
It has since been revealed that the NSBA leadership urged the Biden Administration to deploy military forces in an effort to prevent parents from attending school board meetings.
Since then, parents have been calling on the state organization—the Texas Association of School Boards—to leave the organization, as more than 20 states already have.
“Professor Fired Over Tweets Questioning BLM Movement Gets Reinstated, Awarded Back Pay After Arbitrator Finds In His Favor.” “An arbitrator has ruled that a University of Central Florida professor, Charles Negy, has to be reinstated.”
Who’s been funding the attacks on Elon Musk following his Twitter bid? Would you believe Bill Gates? Of course you would. “Would you believe what perfidy Ernst Stavro Blofeld is up to this week?” Why yes, I would. The biggest difference is that Blofeld has better fashion sense and never tried to inflict Microsoft Bob on the world…
I’ll take headlines from 1875 for $400: “Loving County judge arrested for cattle theft….Loving County Judge Skeet Jones is accused of livestock theft and organized criminal activity.”
Greetings, and welcome to Friday the 13th LinkSwarm! Inflation keeps soaring, diesel and baby formula shortages wrack the nation, and too many creepy transexual pedophiles pop up in the news.
The East Coast of the U.S. is reporting its lowest seasonal diesel inventory on record. And some trucking companies appear spooked.
The East Coast typically stores around 62 million barrels of diesel during the month of May, according to Department of Energy data. But as of last Friday, that region of the U.S. is reporting under 52 million barrels.
The sharp increase of diesel prices has been a major stressor in America’s $800 billion trucking industry since the beginning of 2022. According to DOE figures, the price per gallon of diesel has reached record highs — a whopping $5.62 per gallon. It’s even higher on the East Coast at $5.90, up 63% from the beginning of this year.
When relief is coming isn’t yet clear, and experts say higher prices are the only way to attract more diesel into the Northeast.
There is a clear dividing line between American households with newborns and those without, and you can see it in which people have been talking about, and worrying about, a nationwide infant formula shortage for months and which people just heard about the problem recently. Target, Walmart, CVS, and Walgreens are all limiting how much infant and toddler formula customers can purchase per visit. So how did the U.S. — the wealthiest, most advanced, and most prosperous nation on the planet — end up in a situation where so many parents are worrying about feeding their youngest children?
Most reporting on the infant-formula shortage points the finger at Abbott Laboratories, which instituted a February recall of powder formulas, including Similac, Alimentum, and EleCare, manufactured in its Sturgis, Mich., facility. The recall — which the company emphasizes was voluntary — came after four consumer complaints of Cronobacter sakazakii (a.k.a. Salmonella Newport) in infants who had consumed powdered formula manufactured in the Sturgis plant. Cronobacter germs can cause sepsis, a dangerous blood infection, or meningitis, which swells the protective linings surrounding the brain and spinal cord. Those infected with Salmonella bacteria develop diarrhea, fever, and abdominal cramps twelve to 72 hours after infection, and infants are more severely affected than adults.
Abbott Laboratories emphasized that no product it distributed to consumers has tested positive for the presence of either of these bacteria, but that during testing in the Sturgis facility, the company found evidence of Cronobacter sakazakii in areas of the plant where products would not come in contact with it. As a precaution, it recalled all formula manufactured in this facility with an expiration of April 1, 2022, or later. No Abbott liquid formulas are included in the recall, nor are powder formulas or nutrition products manufactured at other Abbott facilities.
Here, it’s worth noting that the supply chain for infant formula was strained well before Abbott’s recall. According to the data-research firm Datasembly, the percentage of stores nationwide at which formula was out of stock surpassed double digits way back in July 2021, and by January 2022, it had hit 23 percent.
According to Datasembly, infant formula is now out-of-stock in 40 percent of stores nationwide. Moreover, in Iowa, South Dakota, North Dakota, Missouri, Texas, and Tennessee, more than half of baby formula was completely sold out during the week starting April 24. In another 26 states, between 40 and 50 percent of infant-formula supplies were sold out.
Unspeakable depravity: “Trans porn company owners sentenced for forcing 7-year-old girl into sexual exploitation…One of these members, Marina Volz, a biological male who identifies as a woman, has been sentenced to 25 years in prison for forcing ‘her’ 7-year-old daughter to participate in sexual acts.”
Speaking of Democrats supporting child rapists: “Woke L.A. DA George Gascon’s Pet Transgender Child Rapist Is Now Facing a Murder Charge….child rapist, “Hannah” Tubbs, who gamed the system and magically became a ‘woman’ so he could serve his sentence in a female juvenile prison and do easier time with a chance of getting out early.”
Still more elite institutions parading their transexual pro-pedophilia positions: “Child sex abuse center hires professor who faced backlash over pedophile comments…[Allyn Walker], an academic who resigned from a Virginia university after saying it wasn’t necessarily immoral for adults to be sexually attracted to kids has been hired by a Johns Hopkins University center aimed at preventing child sexual abuse.”
The NBA: Pulls All-Star Game out of Charlotte because it thinks a North Carolina bathroom bill discriminated against transsexuals. Also the NBA: To stage a game in the United Arab Emirates, where homosexuality is punishable by death.
“EV Automaker Hailed As The ‘Next Tesla’ Is Hemorrhaging Cash And Investors…Start-up electric vehicle (EV) maker Rivian Automotive’s stock [fell] 18.72% to $23.40 per share on Monday, a whopping 87% decline from its November peak of $179.47 a share.” (Hat tip: Stephen Green at Instapundit.)
Writer who checks all the proper boxes sells a first novel that turns out to be plagiarized. So she publishes an apology. Which turns out to also be plagiarized. The frogurt is also cursed. (Hat tip: Dwight.)
They’re making a sequel to This Is Spinal Tap, perhaps the funniest movie ever made, featuring the original principles. My enthusiasm is tempered by the fact that chances are extremely high it will suck.
Stagflation is back, scammers continue to loot taxpayer money from the federal government, Team Global Warming continues it’s perfect losing streak, and dispatches from a deadly accordion war. It’s the Friday LinkSwarm!
The U.S. economy shrunk by 1.4% in Q1. “Unexpectedly!” So now we’ve got stagnation to go with that soaring inflation, a key ingredient in the Biden Administration’s Welcome Back Carter cosplay. One more quarter of decline and the recession is officially at hand…
In June, the FBI got a warrant to hunt through the Google accounts of Abedemi Rufai, a Nigerian state government official.
Hello, I am Prince Abedemi Rufai. You are probably surprised by this email…
What they found, they said in a sworn affidavit, was all the ingredients for a “massive” cyberfraud on U.S. government benefits: stolen bank, credit card and tax information of Americans. Money transfers. And emails showing dozens of false unemployment claims in seven states that paid out $350,000.
Rufai was arrested in May at John F. Kennedy International Airport in New York as he prepared to fly first class back to Nigeria, according to court records. He is being held without bail in Washington state, where he has pleaded not guilty to five counts of wire fraud.
Rufai’s case offers a small window into what law enforcement officials and private experts say is the biggest fraud ever perpetrated against the U.S., a significant part of it carried out by foreigners.
Russian mobsters, Chinese hackers and Nigerian scammers have used stolen identities to plunder tens of billions of dollars in Covid benefits, spiriting the money overseas in a massive transfer of wealth from U.S. taxpayers, officials and experts say. And they say it is still happening.
Among the ripest targets for the cybertheft have been jobless programs. The federal government cannot say for sure how much of the more than $900 billion in pandemic-related unemployment relief has been stolen, but credible estimates range from $87 billion to $400 billion — at least half of which went to foreign criminals, law enforcement officials say.
Those staggering sums dwarf, even on the low end, what the federal government spends every year on intelligence collection, food stamps or K-12 education.
Keep in mind, this is just one government program.
Many who participated in what prosecutors are calling the largest fraud in U.S. history — the theft of hundreds of billions of dollars in taxpayer money intended to help those harmed by the coronavirus pandemic — couldn’t resist purchasing luxury automobiles. Also mansions, private jet flights and swanky vacations.
Biden Administration creates unconstitutional Ministry of Truth to fight “disinformation,” i.e. truth and opinion that hurts Democrats. This is the lunatic running it:
For 20 Years, This Prosecutor Had a Secret Job Working For the Judges Who’d Decide His Cases.”
One of Ralph Petty’s victims is trying to hold him accountable, but she will have to overcome prosecutorial immunity.
Ralph Petty worked as an assistant district attorney in Midland County, Texas, for 20 years. Like any prosecutor, he fervidly advocated for the government. But he wasn’t just any advocate, because he wasn’t just a prosecutor. Each night, Petty took off his proverbial DA hat and re-entered the courthouse as a law clerk for the same judges he was trying to convince to side with him by day.
“A married English teacher at Langham Creek High School was arrested after allegedly sleeping with a 15-year-old student.” Spoiler for those thinking of clicking through for the pic: She’s no prize.
Stop me if you’ve heard this story before: Bold new architecture project becomes ugly and nonfunctional.
In Kurokawa’s original plan, the Nakagin capsules were meant to be replaced every twenty-five years with updated iterations. That didn’t happen, in part because of the funding that would have required. Each capsule would have cost, according to some estimates, almost nine million yen, or about seventy thousand dollars, to repair. A single capsule couldn’t be removed without removing all those above it, so all units would have to be vacated and updated at once. Over time, the building fell into disrepair. Concerns about asbestos made the towers’ ventilation system unusable, and residents complained about mold and incessant leaks during rainstorms. The owners’ association first voted to sell the building to a developer, in 2007, but the firm soon filed for bankruptcy, throwing the building’s fate into uncertainty. Kurokawa, who had pushed for renovations, died that same year. By 2010, the towers’ hot water had been shut off. The building had become more a work of art than the dynamic architecture that Kurokawa envisioned.
“New York Democrats Aim To Tax Ammo To Fund Anti-Gun Research….New York Senate Bill S8415, which would add an arbitrary 5-cent tax per round of ammunition larger than .22 Caliber. Rounds smaller than .22 Caliber would be subject to a 2-cent tax per round. According to the bill, the tax revenue would go to the state’s Gun Violence Research Fund.” That would be unconstitutional with a capital “un.”
Lake Mead hit by megadrought. “After nearly half a century, the first intake is out of service and can no longer draw water. Water levels at the lake hit record lows this week, falling to 1,056 feet. Luckily, SNWA has two other intakes at much lower levels that are still operational.”
Following yesterday’s big news that Twitter’s board voted to accept Musk’s offer, there’s been a wave of reactions, from jubilation to absolute panic. We’ll sample some of those. But first a clarification: Despite the board accepting the bid, there are additional steps before Musk owns Twitter outright.
WHAT HAPPENS NEXT?
As is customary once a company agrees to be acquired, the buyer gets to take a closer look at its books to make sure there aren’t any red flags that haven’t come up via the company’s public filings.
This step in the process isn’t likely to cause any obstacles for the deal, said Angelo Zino, tech analyst at CFRA.
“He’s acquiring this company, not from a financial perspective,” Zino said. “He’s going to do what he wants with it and he’s probably going to look to make significant changes to the business model of the company.”
WHAT SAY COULD REGULATORS HAVE?
Last year, Twitter generated $5 billion in revenue, with $2.8 billion from the U.S. and the rest earned overseas, Zino said. The Federal Trade Commission in the U.S., or the European Commission in the EU, are among regulatory agencies that may review the proposed Twitter buyout.
The main issues the agencies generally focus on are how the sale of a company could affect competition in an industry, or whether it violates antitrust laws.
These reviews can take months, or longer, but generally represent more of a potential hurdle when two companies in the same industry are combining, or in the case of a single buyer, whether ownership already has a large stake in companies within the same industry.
Neither Tesla, nor Musk’s other company, Space Exploration Technologies, or SpaceX, are social media platforms, so antitrust concerns are not expected to arise when regulators review the deal, analysts said.
“We do not expect any major regulatory hurdles to the deal getting done as this soap opera now ends with Musk owning Twitter,” Wedbush analyst Daniel Ives wrote in a research note Monday.
WHEN DO SHAREHOLDERS GET TO VOTE?
The deal is expected to close in 2022, subject to the approval of Twitter shareholders. Twitter hasn’t announced the timing of a shareholder vote, though the company’s annual meeting is set for May 25, which could offer a convenient time to poll shareholders.
A company can elect to hold a shareholder vote at any time, even before regulators have finished reviewing a proposed takeover.
Now, let’s tuck into some of the tastier reactions, starting with the man himself:
I hope that even my worst critics remain on Twitter, because that is what free speech means
— James Lindsay, senior varsity James Lindsay (@ConceptualJames) April 25, 2022
Hey @elonmusk please see to it @twitter stops emailing me the "legal advisory" that by posting artist Bosch Fawstin's striking free expression, anti-Sharia blasphemy "law" cartoon I am in violation of Pakistan's Sharia "provision" against "blasphemy". Congrats & many thanks! pic.twitter.com/O43fdO3yS9
Twitter, Inc. today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.
Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.
Bret Taylor, Twitter’s Independent Board Chair, said, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”
Parag Agrawal, Twitter’s CEO, said, “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” said Mr. Musk. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”
Given the new management, here’s a short list off all the accounts the new regime should restore/unban:
realDonaldTrump
James O’Keefe III
Project Veritas
The Babylon Bee (there but suspended from Tweeting)
GayPatriot’s first 9 or so accounts
rsmccain
BoschFawstin
Milo
Mike Lindell
Juanita Broderick
OrdyPackard
_wintergirl93
Shaughn_A
nickmon1112
Roadbeer
Marjorie Taylor Greene
Alex Jones
TheRickCanton
George Zimmerman
That’s off the top of my head, with a few suggestions from people on Twitter. If you can think of additional people who need to be unblocked and/or have their Twitter accounts restored, note them in the comments below.
While testifying before the House Budget Committee yesterday, Health and Human Services (HHS) secretary Xavier Becerra affirmed that yes, his department was in favor of taxpayer-funded sex-reassignment surgeries for minors. “So for the record, you favor HHS funding . . . for sex-reassignment surgeries for minors?” Lauren Boebert, (R, Colo.) asked. Becerra answered:
I will do everything I can to defend any American, including children, whether or not they fit the categories you have mentioned or not. And if they talk about gender-affirming care, I am there to protect the rights of any American.
In other words: yes.
Related:
“They’re losing their minds because parents want to protect kids from grooming. Pay attention to this.” pic.twitter.com/j8EhsQi9gM
“Black Lives Matter Secretly Bought a $6 Million House.” I’m shocked, shocked that people who encouraged riots to help out Democrats are corrupt. (Hat tip: Stephen Green at Instapundit.)
Biden: Surely Democrats everywhere will embrace my scaled-back Build Back Better bag of bloated bilge! Kyrsten Sinema: “LOL! Get rekt!”
Neither snow no rain, nor gloom of night, shall stay these couriers from the swift completion of their appointed rounds. But multiple assaults? Yeah, they’re drawing the line there. So no more mail for a block of Santa Monica, California, until they fix the problem. This is your mail on one-party Democratic control.
Get A Rope Part 1: “Hospital Refuses Father-To-Son Kidney Transplant Over COVID Jab.”
In theory, at least, the role of an organization such as McKinsey is to ask, “Why?” Everyone wants to start a streaming service. Why does yours make sense? If CNN were run by thoughtful people, it might have taken the opportunity to ask some fundamental questions of itself before procuring a new toy: “Who are we?” “What do we do?” “Are we good at it?” “Why do our staff keep getting themselves embroiled in scandals?” “Has anyone heard Brianna Keilar utter a single sentence that might be termed useful?”
Had these questions been asked, it might have dawned on CNN’s leaders that the way in which Brian Stelter sees the network is not, in fact, the way in which anyone else sees the network. Had these questions been asked, it might have become apparent to CNN’s leaders that Americans do not regard CNN and its staff as brave, diligent, indispensable firefighters, that consumers do not believe Jim Acosta to be a hero, and that, when people think about America’s turbulent democracy, the last person who comes to their minds as a fix is Jim Sciutto. Had these questions been asked, CNN’s leaders might have learned that the network’s obsession with Fox is annoying to viewers, and that launching CNN+ with a flagship documentary, The Murdochs: Empire of Influence, would probably send the wrong message. As for the network’s slogan: “The Most Trusted Name in News”? One might as soon call Chris Cuomo a wit.
Thus, the entirely predictable disaster that is unfurling before our eyes. And, thus, CNN’s bafflement that it has become a joke. And what a joke! 10,000 people a day? That’s the size of the home crowd at a Durham Bulls minor-league-baseball game. It’s the number of people who attend “MerPalooza,” a “celebration of mermaids and mermen,” or the international UFO convention and film festival, or BronyCon.
I think this comparison is unfair to BronyCon, which has historically attracted a much lower percentage of sex offenders than CNN…
Everyone and their dog has already commented on Elon Musk becoming Twitter’s largest shareholder. With a 9.2% stake, and being ushered onto the board of directors. Obviously Musk should #FreeTheBee, restore Donald Trump, and kick every social justice warrior off the company’s “safety committee” for starters.
But instead of cognizant commentary, have a random collection of memes (some of which you’ll need to click through):
When it comes to longer videos I find interesting, I have a system for posting them here:
I see a longer video I think BattleSwarm readers will be interested in.
I go “Hey, I’ll go ahead and post that as soon as I have time to watch the whole video!”
I never have time to watch the full video.
I never post the video.
I think there are some drawbacks to the system.
This Babylon Bee (Seth Dillon, Kyle Mann, and Ethan Nicolle) interview with Elon Musk from back in December is one of those longer videos I meant to get to before now. Rather than continue to hold onto this forever, I’ve watched more of it and am posting it here.
Some topics of discussion:
How Saturday Night Live and The Onion used to be funny before they became so hard left they refused to make fun of Democrats.
The threat to western civilization by the “woke mind virus.”
“At its heart, wokeness is divisive, exclusionary and hateful. It basically gives mean people a reason, it gives them a shield, to be mean and cruel, armored with false virtue.”
Kyle Mann: “The left is almost this religion now,where they’re so serious, and they believe what they believe with such intensity, that for us to make fun of them you know for them, it’s like you’re making fun of God or salvation.”
Musk is much higher on “sustainable energy” than I am (which you would expect for a guy that owns solar power companies), but does say shutting down nuclear power plants is a big mistake.
The craziness of trying to shut down Dave Chappelle.
“Part of why I moved to Texas, it’s just fewer strings tying you down.”
