Imagine a timeline in which Russia became a normal country.
Imagine, instead of Putin and a corrupt oligarchy, that Russia had a functioning democracy and a viable economy. It wouldn’t need to be perfect, just something as functional as that seen in, say, Poland or Hungary. There would still be controversies and scandals, but Russia wouldn’t be an international pariah, and would still be fully plugged into the global trade system.
And a normal country wouldn’t have launched an illegal war of territorial aggression against Ukraine.
In such a timeline, old Russian foes Finland and Sweden would never see the need to join NATO. And Russia wouldn’t be getting U.S. bases right on its border.
The US will gain access to 15 military bases along the border with Russia under a defence deal to be signed with Finland next week.
Russia would regard the presence of Nato infrastructure near its borders as a threat, said Dmitry Peskov, the Kremlin spokesman.
“This will certainly lead to tension. We can only regret this,” Mr Peskov said.
The treaty must be approved by Finland’s parliament.
Elina Valtonen, the country’s foreign minister, will be present in Washington during the signing to meet Antony Blinken, the United States secretary of state.
Washington signed a similar pact with Sweden on Dec 6 that gives the US access to 17 military bases.
Concerns raised by Russia’s invasion of Ukraine in February 2022 led both Finland and Sweden to abandon their military non-alignment and apply for membership in the Nato.
Finland joined in April, while Sweden is still waiting for its bid to be ratified by Nato members Hungary and Turkey.
To be sure, the U.S. already has some access to the military bases of NATO members Estonia, Latvia and Lithuania. But Finland is much larger than all three combined, and has a vast border with Russia. And the Finns, as I’ve noted before, are no pushovers, having fought the Soviet Union to stalemate during The Winter War.
And now you add American force projection to Finland, and there chances of Russia securing its vast northern flank in any potential war against NATO is essentially nil. Plus it puts St. Petersburg at risk of being captured in a swift pincer movement.
And with real U.S. Air Force support, Russia will be completely incapable of establishing or maintaining air superiority. Ukraine has already made it prohibitively dangerous for Russian aircraft to overfly their territory. How well do you think Ivan will fare when he has to go up against F-22s and F-35s? (And yes, there are already F-22s in Estonia. And Finland and Poland already have F-35s on order.)
Of course, Russia could have avoided all this by not launching an illegal war of territorial aggression in Ukraine. But that would require it being a normal country, which is evidently too much to ask…
Finland’s newly elected parliament on Tuesday voted in favour of National Coalition Party leader Petteri Orpo to become prime minister, as widely expected, ushering in a right-wing government and ending Social Democrat Sanna Marin’s rule.
Orpo will lead a coalition of the conservative NCP, the nationalist Finns, the minority-language Swedish People’s Party and the Christian Democrats, which together won a majority of parliamentary seats in the April 2 election.
The new finance minister will be Riikka Purra, head of the eurosceptic Finns Party, while the NCP’s deputy leader Elina Valtonen will become foreign minister when the government takes office later on Tuesday.
“I warmly thank you for the confidence you’ve shown me,” Orpo told parliament shortly after the vote.
A self-styled fiscal conservative, Orpo campaigned on a promise to reduce the government’s budget deficit by cutting spending while also reducing taxes and seeking to boost private sector job creation.
The new coalition also shifts immigration policy to the right, aiming to cut refugee quotas, raise the bar for work-based visas and make it more difficult for foreigners to obtain citizenship, key priorities for the Finns Party.
Orpo is hardly a bomb-thrower, with previous stints on the boards of the European Investment Bank and the European Stability Mechanism, which are embedded very deep inside the EU’s deep state. Nor will Finland’s new coalition be mistaken for the second coming of Ronald Reagan.
But time and time again we’re told that the EU policies (just like Social Justice policies in the U.S.) are popular, while time and time again EU member states elect government that oppose many of those policies, especially those favoring unlimited Muslim immigration into member countries.
Finally, those who assert that Euroskeptacism goes hand in hand with appeasing Russia will find that they’re mistaken, as Orpo backed Ukraine and Finland joining NATO.
For Finland Russia’s proximity is a key geostrategic fact, and the war in Ukraine indicates how the problems associated with Russia’s aggressive behaviour have materialized. Russia is defining its interests in a way that threatens peace in Europe and creates insecurity in others. During the past decade, there have been uprisings in several of Russia’s neighbors, which the Kremlin has sought to violently suppress. Russia seeks a new sphere of influence and wants to halt the democratic development of other countries. Not NATO, but the people’s will to decide for themselves seems to be a threat to Putin’s regime.
Finland’s new government, like the old, is firmly in the NATO camp. Funny how fighting the Soviet Union/Russia repeatedly throughout the 20th Century will do that…
The Russian Collusion Hoax is now officially bunk, Budweiser’s self-inflicted freefall continues, blue city commercial real estate bites the moose, and a whole lot of shocked face to go around. It’s the Friday LinkSwarm!
The Department of Justice and the FBI did not have “any actual evidence of collusion” between Russian officials and Donald Trump’s 2016 presidential campaign, and began their Crossfire Hurricane probe of Trump’s campaign based on “raw, unanalyzed, and uncorroborated intelligence,” according to a report released on Monday by special prosecutor John Durham.
Durham scolded federal law enforcement and counter-intelligence officials for failing to “uphold their important mission of strict fidelity to the law” as part of their investigation.
He wrote that at least one FBI agent criminally fabricated language in an email that was used to obtain a FISA surveillance order. And he accused FBI leaders of displaying a “serious lack of analytical rigor” and relying significantly on “investigative leads provided or funded (directly or indirectly) by Trump’s political opponents,” referring to staffers and allies of Hillary Clinton, then the Democratic presidential nominee, whose campaign funded the Steele dossier through its law firm Perkins Coie.
Compiled by former British intelligence agent Christopher Steele, the dossier is an unverified collection of opposition research accusing then-candidate Trump and his campaign aides of collaborating with Kremlin officials. The FBI used the dossier to secure a FISA warrant to surveil Trump campaign aide Carter Page, though its central claims were subsequently disproven by Special Counsel Robert Mueller’s investigation.
The report notes that the FBI was quick to investigate Trump, while it proceeded cautiously with allegations against Clinton.
The 316-page report sent to Congress was nearly four years in the making. It concluded that neither federal law enforcement nor intelligence officials “appears to have possessed any actual evidence of collusion in their holdings at the commencement of the Crossfire Hurricane investigation,” which the FBI “swiftly opened.”
The report accuses federal officials of acting “without appropriate objectivity or restraint.” Peter Strzok, then the FBI’s deputy assistant director for counterintelligence, opened the investigation “immediately” at the direction of Andrew McCabe, then the FBI’s deputy director. “Strzok, at a minimum, had pronounced hostile feelings toward Trump,” the report states.
It states that former FBI attorney Kevin Clinesmith “committed a criminal offense by fabricating language in an email that was material to the FBI obtaining a FISA surveillance order.”
Durham wrote that FBI officials continued to seek FISA surveillance while acknowledging that “they did not genuinely believe there was probable cause to believe that the target was knowingly engaged in clandestine intelligence activities on behalf of foreign power, or knowingly helping another person in such activities. And certain personnel disregarded significant exculpatory information that should have prompted investigative restraint and re-examination.”
“Based on the review of Crossfire Hurricane and related intelligence activities, we conclude that the Department and the FBI failed to uphold their mission of strict fidelity to the law in connection with certain events and activities described in this report,” Durham wrote.
“Gov. Newsom Announces California Budget Deficit Bigger than Projected.” Legal Insurrection has already used the “unexpectedly” here, so I’ll just note that Newsom is the far lefty a whole lot of Democratic Party power players want to substitute for Biden at the top of the ticket in 2024.
“NIH Renews Funds for ‘Bat Coronavirus’ Research despite Energy Department, FBI’s Lab-Leak Conclusion.” That’s like catching Mrs. O’Leary’s cow after she’s burned down Chicago, strapping lit fireworks to her body and letting her loose in the dynamite factory.
“Things are so bad, in fact, that 26 Empire State Buildings could fit into New York City’s empty office space, as occupancy in the city is hovering around 50% of prepandemic levels.”
“In San Francisco, the downtown area is experiencing its worst office vacancy crisis on record – with 31% of space available for lease or sublease, the SF Chronicle reports.”
Bud Light finds out there’s no bottom to their tranny pander pit. “Sales volumes of Bud Light fell by 23.6 percent in the week ended on May 6, according to retail scanner numbers cited by Beer Business Daily that are based on Nielsen IQ data. That’s a drop from the 23.3 percent slide Bud Light suffered in the final week of April.”
Finnish nuclear plant coming online drops spot energy prices by 75%.
Republican governors released a joint statement on Tuesday pledging to assist Texas in securing its border with Mexico.
In response to Gov. Greg Abbott’s request for assistance, twenty-four Republican governors committed to helping secure the 1,254-mile-border and commended the Texas Republican for the recent actions he was forced to take due to the failures of the Biden administration’s open-border policies, according to the Washington Examiner.
“The federal government’s response handling the expiration of Title 42 has represented a complete failure of the Biden Administration,” the joint statement reads. “While the federal government has abdicated its duties, Republican governors stand ready to protect the U.S.-Mexico border and keep families safe.”
“All states have suffered from the effects of deadly illegal drugs coming across the border, and every state is a border state due to the devastating influx of drugs in our communities. Republican governors are leading the way to address the border crisis by increasing fentanyl sentencing and increasing support for law enforcement interdiction of drugs, among other measures,” they continued.
“Texas Governor Greg Abbott has exemplified leadership at a critical time, leading the way with Operation Lone Star, and deploying the Texas Tactical Border Force to prevent illegal crossings and keep the border secure. We support the efforts to secure the border led by Governor Abbott.”
On Tuesday afternoon, Abbott sent an urgent request to all of the nation’s governors asking them to band together to defeat the invasion at the US/Mexico border, something he said impacts every community in the United States.
“The flood of illegal border activity invited by the Biden Administration flows directly across the southern border into Texas communities, but this crisis does not stop in our state. Emboldened Mexican drug cartels and other transnational criminal enterprises profit off this chaos, smuggling people and dangerous drugs like fentanyl into communities nationwide,” Abbott wrote.
“In the federal government’s absence, we, as Governors, must band together to combat President Biden’s ongoing border crisis and ensure the safety and security that all Americans deserve,” he requested.
While no Democratic governors responded to the letter, twenty-four Republicans pledged to help from states which include: Alabama, Alaska, Arkansas, Georgia, Idaho, Indiana, Iowa, Missouri, Mississippi, Montana, Nebraska, North Dakota, New Hampshire, Nevada, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Utah, Virginia, West Virginia, and Wyoming.
Jorge Mijares left Venezuela months ago — last November, he says. He’s been in Ciudad Juarez, across the Rio Grande River from El Paso, for four weeks. But he planned to cross over Thursday night, as Title 42 immigration restrictions ended.
“I have the app,” said Mijares, 54. “I’m just waiting for it to tell me when to go.”
He’s not concerned about the Biden administration’s warnings against migration. After all, he has many friends who have made it across — safely.
There’s an app that tells you how to break U.S. immigration laws. Of course there is. Silly of me to be even slightly surprised. “The street finds its own uses for things” as the now-elderly cyberpunks used to say…
Twisted Sisiter’s Dee Snider is not down with your tranny madness. You submitted this with a better “we’re not going to take it” pun.
Speaking of tranny madness: Cross-dressing serial thief Samuel Brinton arrested as a fugitive from justice.
One quarter of the year gone! Career criminals coddled by Soros Stooges, crazy woman who thinks she’s a man murders children, lots of Flu Manchu fraud, and Botox makes you crazy(er). It’s the Friday LinkSwarm!
Everyone and their dog is covering the ham sandwich Trump indictment, so I’ll leave that to others. I will note that Alan Dershowitz is not impressed. “Based on what we know about this case, it may be one of the weakest cases in my six years of experience.”
On the morning of Election Day last November, William French went to his local polling place in Freeland, Pennsylvania, to cast his vote. But the qualified and registered voter wasn’t allowed to. The disabled U.S. Army veteran was told that the precinct had run out of paper for ballots and he had to come back later in the afternoon.
So that’s what he did, returning at 3:30 p.m. But the precinct still didn’t have ballots. Election workers told him to return yet again. But by nightfall, it was too difficult. French has endured 17 surgeries on his destroyed leg and uses a cane to walk. But the sidewalks are a mess, and he was worried about the risk of falling and further injury.
That same morning, Melynda Reese and her husband went to their polling location in Shickshinny, Pennsylvania. But only Reese’s husband was allowed to vote, and for the same reason: The precinct had run out of paper. They came back at 4:00 p.m. and were told there would be a lengthy wait.
Reese is a corrections officer and her husband’s primary caregiver. He had recently suffered two cardiac arrests and a stroke. He required regular medication and attention and couldn’t be left alone. Long waits were also too much to bear. The couple returned at 6:30 p.m., and saw a line that stretched so long that they knew they couldn’t wait. Around 9:15 p.m., an election official called Reese and told her that ballots were finally available and she could vote. But her husband had just taken his sleeping pills and she couldn’t leave him unattended.
French and Reese are just two of the thousands of voters affected by poor election administration in Luzerne County, Pennsylvania. The two just sued Luzerne County, its Board of Elections and Registration, and its Bureau of Elections in federal court for violations of their constitutional right to vote.
“Voters in Luzerne County through no fault of their own, were disenfranchised and denied the fundamental right to vote. William French and Melynda Reese are two of those voters. They bring suit to vindicate the denial of their sacred right to vote, to make sure voters are not disenfranchised in the future, and to bring integrity back to elections in Luzerne County,” said Wally Zimolong, lawyer for French and Reese.
The House Oversight Committee is investigating the explosive claims by Dr. Gal Luft, a former Israel Defense Forces lieutenant colonel with deep intelligence ties in Washington and Beijing, who says he was arrested to stop him from revealing what he knows about the Biden family and FBI corruption — details he told the Department of Justice in 2019, which he says it ignored.
Luft, 56, first made the claims on Feb. 18 on Twitter, after being detained at a Cyprus airport as he prepared to board a plane to Israel.
“I’ve been arrested in Cyprus on a politically motivated extradition request by the U.S. The U.S., claiming I’m an arms dealer. It would be funny if it weren’t tragic. I’ve never been an arms dealer.
“DOJ is trying to bury me to protect Joe, Jim, and Hunter Biden.
“Shall I name names?”
Luft remains in jail awaiting extradition to the US over what he says are trumped-up charges of arms trafficking to China and Libya, and violations of the Foreign Agents Registration Act.
Luft claimed that he tried to reach out to the DOJ about the Chinese energy company CEFC paying Hunter $100,000 and James Biden, Joe’s brother, $65,000 “in exchange for their FBI connections and use of the Biden name to promote China’s Belt and Road Initiative around the world.”
James O’Keefe has not allowed his forced exit from Project Veritas to stop him. His new journalism outfit, O’Keefe Media Group (OMG), just released a video uncovering evidence of what O’Keefe calls a possible “money-laundering scheme” for the Democrats. Some individuals reportedly appear to have donated thousands of times over a relatively short period to the tune of hundreds of thousands of dollars to ActBlue and Biden for President, based on Federal Election Commission records.
“FEC data shows that some senior citizens across the U.S. have been donating thousands of times per year,” O’Keefe began. “Some of these individuals’ names and addresses are attached to over $200,000 in contributions. We went and knocked on a few of their doors to corroborate the data that we received from a group of citizen journalists called Election Watch in Maryland.” The video then showed O’Keefe visiting someone who is listed as donating over $217,000, through 12,000 separate contributions. This money was earmarked for various entities through leftist platform ActBlue over three years’ time. Some of the donations were made with variations of the person’s name and address, O’Keefe stated.
The data he obtained was state and FEC data, O’Keefe said. “We’re wondering if these donors are victims of what appears to be a money-laundering scheme, or [if] these residents actually participated in the scheme. We’re making phone calls, we’re knocking on doors, these are things that you can do, we hope you do that.” There are “bizarre amounts of data” on homes and individuals making many thousands of dollars of donations, O’Keefe said, urging others to help him investigate.
The first person shown opening the door to O’Keefe, a Marylander listed as donating $32,000 in 3,000 different contributions, said he was unaware of the donations but advised O’Keefe as a solution to hit Donald Trump “with a bat.” The man added, “I want to see a scar on his f**king head. Now stop f**king with me,” and slammed the door.
Another donor, Cindy, according to O’Keefe, supposedly donated over $18,000 in 1,000+ donations to ActBlue in 2022, which would necessitate donating “three times a day, every day, for the whole year.” When asked if she’d donated over $18,000, Cindy responded with a quick laugh, “I doubt that. No, I don’t think so… I wish I could have donated $18,000 to Biden’s presidency.”
Meanwhile Carolyn Lenz, in Tucson, Ariz., told OMG that she “absolutely [did] not” donate over 18,000 times for $170,000+ to ActBlue. She looked at the data showing “she” donated multiple times a day, often in $5 to $15 increments, and insisted that the donations were not hers. “They must be” fraudulent, Lenz said.
After rejecting her in 2018, the voters of Alameda County, California selected Pamela Price as their new District Attorney last year. Price had taken hundreds of thousands of dollars from George Soros for her two campaigns. That probably tells you most of what you need to know, since Soros only funds candidates who are soft on crime and willing to empty the jails as much as possible. Price quickly proved herself no exception, seeking to cut a plea deal with a killer who had been arrested for one triple murder for hire, was accused in the murder of a court witness, and several other violent crimes. Rather than the 75 years to life sentence that Delonzo Logwood was eligible for, Price wanted to cut him loose after fifteen years. Thankfully, a County District Judge stepped in and rejected the deal out of hand. (Free Beacon)
A California judge this week blocked a newly-elected progressive prosecutor’s effort to slash a triple murderer’s sentence.
Alameda County district judge Mark McCannon rejected District Attorney Pamela Price’s plea deal for a 31-year-old man jailed for a 2008 triple murder-for-hire, among other crimes. Price, who took office in November and has taken hundreds of thousands of dollars from the progressive billionaire George Soros, attempted to sentence Delonzo Logwood to just 15 years in prison, though he was eligible for a sentence of 75 years to life.
You can’t keep a bad man down. Keith Chastain, 38, is a one-thug crime spree.
Chastain racked up an impressive array of arrests in Fresno County, California, (of course). Between Feb. 19 and March 21, he was arrested 10 times for a menagerie of crimes encompassing 15 misdemeanors and 18 felonies, including:
six stolen cars
fraud
DUI (duh)
drugs (duh)
vandalism
Chastain was hit with three additional charges — DUI, trespassing, and auto theft — but those were dropped when cops failed to file the charges in time.
Snip.
“Unfortunately, this is not as unique of a situation as it seems,” Tony Botti, spokesman for the Fresno County Sherriff’s office, stated. “California has watered down the laws so much over the years for property criminals and repeat offenders that they are not held accountable like they should be. Sadly, it is our community members who suffer due to these soft-on-crime policies.”
According to court documents, Edwin Maldonado spent many months thumbing his nose at what he was ordered by the court to do.
His punishment for that is more like a prize.
“You’ve got someone who was rewarded for being a failure, and this guy was a failure over 1,000 and some odd times,” said Andy Kahan with Crime Stoppers.
First, Maldonado gets a felony charge for drug possession. A few weeks later, he’s charged with aggravated robbery with a deadly weapon. He makes his $30,000 bond and walks out of jail.
“I’ve certainly had clients hauled back into court on violations, maybe two or three times that have been alleged,” said criminal defense attorney Emily Detoto.
Associate Judge Tiffany Hill presided over a bond revocation hearing for Maldonado.
“For obvious reasons, you are not abiding by your rules and conditions period, and God knows what he was doing when he wasn’t where he was supposed to be,” Kahan said.
According to court documents, Maldonado failed to comply with any of his bond conditions for eight months.
According to his GPS monitor, he left his curfew zone 847 times, was called 453 times about his whereabouts, and had more than 1,000 GPS monitor violations.
A suspect arrested and charged in a recent brutal “jugging” robbery in Houston that left a woman paralyzed was out on a $100 bond for a weapons-related charge.
On the morning of February 13, Nung Truong, 44, withdrew money from a bank ATM but was followed for approximately 24 miles by two suspects. Surveillance video released by the Houston Police Department shows a black male bumping into Truong and causing her to drop her belongings. The suspect initially fled with an envelope but returned seconds later to body-slam Truong to the ground before taking $4,300 in cash.
A mother to three children aged 13, 15, and 20, Truong is now paralyzed and unable to walk or care for herself.
Last Friday, Houston Police arrested Joseph Harrell, 17, and Zy’Nika Ayesha Woods, 19, for the attack and charged both suspects with Aggravated Robbery with Serious Bodily Injury.
According to court records, on January 26, 2023, Harrell had been granted a General Order bond of $100 for Unlawful Possession of a Weapon. He also faces charges of Aggravated Assault with a Deadly Weapon related to an incident in February in which he threatened another victim with a gun. Harrell is currently being held in the Harris County jail on bonds totaling $240,000.
Snip.
Although Harrell’s Unlawful Possession of a Weapon charge was assigned to Harris County Court 2 under Judge Paula Goodhart, his bond was signed by Judge David Singer.
Elected to Harris County Criminal Court 14 in 2018, Singer lost in the March 2022 Democratic primary election and his term ended December 31, 2022. As a one-term judge, Singer is not eligible under state code to serve as a visiting judge.
The 11th Administrative Judicial Region confirmed to The Texan that Singer is not listed as a visiting judge.
The Harris County Office of Court Management emailed the following statements to The Texan:
“David Singer was appointed as associate judge pursuant to Section 54A.002 of the Texas Government Code and the Local Rules for Harris County Criminal Courts at Law. His start date was Jan. 1, 2023.”
Finland gets the green light to join NATO, with Turkey and Hungary approving their membership. Sweden’s application is still under negotiation. As I noted previously, tangling with the Finns has not been a source of happiness for Russia.
Poor priorities. “European Ammo Maker’s Growth Stymied By TikTok Data Center Sucking Up Electricity.”
LA City Council member Mark Ridley-Thomas convicted of taking bribes. “He was convicted of one count of bribery, one of conspiracy, one count of honest services mail fraud, and four counts of honest services wire fraud. The jury acquitted him on 12 other counts.”
Veterans Affairs assistant secretary Kurt DelBene is married to Rep. Suzan DelBene (Wash.), chairwoman of the DCCC. It’s a big club, and you’re not in it. (Hat tip: Stephen Green at Instapundit.)
Federal prosecutors announced a 58-year-old Plainview man is facing 102 years in prison after pleading guilty to stealing $4 million in federal relief funds passed during the COVID-19 pandemic.
On Friday, Andrew Johnson pleaded guilty in the Northern District of Texas to three counts of bank fraud, one count of aggravated identity theft, and one count of engaging in monetary transactions in property derived from unlawful activity, according to a news release published by the U.S. Department of Justice (DOJ).
Johnson swindled millions from the Paycheck Protection Program passed in the early weeks of the pandemic to help stave off the economic effects of business closures, government restrictions, and shelter-in-place mandates. As part of the fraud, Johnson applied for and received forgiveness for 27 bogus loans.
He spent more than $3.5 million of the stolen funds on “home renovations, vacations, clothing, cosmetic surgery, college tuition, cars, wedding expenses, and equipment for an unrelated business venture,” according to the DOJ.
After an investigation that took longer than a year, the Office of the City Auditor in Austin said it found Central Texas Allied Health Institute (CTAHI), a nonprofit City of Austin contractor, committed fraud against Austin Public Health and falsified health records.
According to the investigative report, CTAHI misrepresented over $1.1 million in financial transactions across three contracts with Austin Public Health and was incorrectly paid roughly $417,000 between December 2020 and September 2021 because of fraudulent contract claims. The report also claimed CTAHI falsified its COVID-19 vaccine contract performance by overstating vaccination totals and fabricating patient data.
“This is up there with some of the biggest cases we’ve investigated on my team,” said Brian Molloy, chief of investigations at the Chief of the City Auditor.
CTAHI, President Todd Hamilton, and Dr. Jereka Thomas-Hockaday — both of whom were named in the report — denied the claims made in the report in a statement Thursday.
Snip.
CTAHI’s three contracts with Austin Public Health were for COVID-19 testing, workforce development, and COVID-19 vaccines, according to the city. Between December 2020 and September 2021, the city said CTAHI submitted 23 claims for reimbursement to APH under the workforce development and COVID-19 vaccine contracts.
Flu Manchu is the fraud fount that just keeps giving… (Hat tip: Dwight.)
NHL might stop pushing gay pride after backlash from players and fans. “Philadelphia Flyer’s player Ivan Provorov didn’t want to participate in a ‘Pride’ event during warmups…Soon, other players also refused to participate after Povorov showed it could be done, and some entire team organizations dropped their planned LGBT pride events. And thanks to this one man’s stand, the NHL is considering dropping the whole ‘Pride’ push.”
Gordon Moore, one of the founders of Intel and coiner of Moore’s Law, is dead at age 94. Semiconductors have radically changed just about every facet of the world.
Blackstone (NYSE:BX) has defaulted on part of a €531M bond backed by a commercial portfolio owned by Finnish property investment firm Sponda, which it acquired in 2017.
The private equity firm has repaid almost half of that figure, closer to €300M, according to a person familiar with the matter.
Currently €297.1M of the loan remains outstanding, according to ratings agency Fitch. The loan is secured against 45 properties in Finland, most of which are offices and the rest are stores.
Blackstone (BX) earlier sought an extension from holders of the securitized notes so that it could sell the assets and repay the debt, Bloomberg reported citing people aware of the matter. The commercial mortgage-backed security has since matured, without being repaid.
A Blackstone (BX) spokesperson told Seeking Alpha that “this debt relates to a small portion of the Sponda portfolio. We are disappointed that the servicer has not advanced our proposal, which we believe would deliver the best outcome for noteholders.”
Translation: “Shut up and let us force our losses on you rather than taking them ourselves.”
Though off in Finland, this story should probably receive more notice due to the “mortgage-backed” angle.
Remember the 2008 Subprime Meltdown, fueled by easy taxpayer-backed Fannie Mae money and bundled subprime mortgage securities? And how all sorts of banking fatcats got bailed out and never paid a price for their shenanigans?
Well, mortgage backed assets never went away, they just moved into commercial real estate. There’s untold trillions of dollars in Commercial Mortgage-Backed Securities (CMBS) across the world, and almost no one is keeping track of them. The average retail investor probably knows less about CMBS now than they did about subprime mortgages in 2008.
And you know one of the hardest-hit sectors following the Flu Manchu lockdowns? Commercial real estate. A whole lot of companies figured out that a whole lot of their work force can work from home, freeing them from having to pay expensive rent on office space.
Add to that the fact that the way CMBS are structured has immediate negative consequences on several cities. Because the rules of many CMBS state that the value of a property doesn’t need to be reevaluated as long as the asking price per square foot doesn’t change, commercial real estate spaces stay vacant for years rather than lowering their prices, screwing would-be renters and shrinking tax bases. (Louis Rossmann has been ranting about this for years.)
Blackstone Inc’s (BX.N) fourth-quarter distributable earnings fell 41% year-on-year as the world’s largest manager of alternative assets said on Thursday it cashed out fewer investments across key portfolios.
Blackstone has been dealing with rising redemptions at its flagship real estate income trust (BREIT), prompting the private equity firm to exercise its right to block investor withdrawals at 5% of the quarterly net asset value of the fund.
That’s not exactly a sign of unassailable strength.
I am very far indeed from being an expert on how Blackstone has structured its various holdings. I suspect that its various funds and trusts and CMBS are all well-siloed and isolated from each other, which is the smart way to do things. But The Biden Recession That Dare Not Speak Its Name, falling real estate prices, frozen rental prices and huge shift in the need for commercial real estate all point to some very difficult challenges for Blackstone to navigate.
Given the amount money Blackstone has spread around to the Chuck Schumers of the world, expect that there are going to be a whole lot of swamp creatures ready and willing to make any serious Blackstone financial problem into a big problem for the America taxpayer.
Russia on Sunday defaulted on its foreign debt for the first time since 1918 after the grace period on its $100 million payment expired, according to reports.
The $100 million interest payment deadline due to be met by the Kremlin had initially been set to May 27 but a 30-day grace period was triggered after investors failed to receive coupon payments due on both dollar and euro-denominated bonds.
Russia said that it had sent the money to Euroclear Bank SA, a bank that would then distribute the payment to investors.
But that payments allegedly got stuck there amid increased sanctions from the West on Moscow, according to Bloomberg, meaning creditors did not receive it.
Euroclear told the BBC that it adheres to all sanctions.
The last time Russia defaulted on its foreign debt was in 1918 when the new communist leader Vladimir Lenin refused to pay the outstanding debts of the Russian Empire during the Bolshevik Revolution.
Peter Zeihan explains what this means for the international financial order:
Is there any sign of Russia’s economy cratering from the sanctions? Not yet:
NATO formally invited Sweden and Finland to join the alliance Wednesday at a summit in Madrid, Spain, in the midst of security concerns due to the Russia-Ukraine war.
The announcement comes after Turkish president Recep Tayyip Erdogan lifted his veto after a weeks-long stalemate over the negotiations. The decision will now rely on final ratification from all 30 member states.
“The accession of Finland and Sweden will make them safer, NATO stronger, and the Euro-Atlantic area more secure. The security of Finland and Sweden is of direct importance to the Alliance, including during the accession process,” NATO said in a statement.
NATO Secretary General Jens Stoltenberg called the decision “historic,” and thanked the leaders for their agreement.
Turkey signed a memorandum with Finland and Sweden on Tuesday confirming Erdogan would support the nomination of the two Nordic countries into the alliance.
Remember that tangling with the Finns has not been a source of happiness for Russia. The Soviet Union may have gained some territory in the Winter War and the Continuation War, but the Finns tore them a new asshole in the process. For the entirety of post-World War II, the Soviet Union and Russia have relied on a neutral Finland (“Finlandization”) to secure their northernmost flank. With Finland joining NATO, they no longer have that luxury.
The Finns have a fair amount of German equipment (including Leopard 2 tanks) and American aircraft (including having F-35s on order). I imagine integrating their forces into the NATO command structure should be quite feasible.
Speaking of countries that Russia has not had much joy tangling with, Sweden has invaded Russia more than once.
Though Swedish armed forces are relatively small, they have, if anything, even more German tech, and their native-built Stridsvagn 122 tank is based on the Leopard 2. Their Archer mobile artillery system is arguably the best in the world.
Oh, and both Sweden and Finland have several nuclear power plants each. Both could develop nuclear weapons in fairly short order if they had to. And any Russian moves against the Baltic states would probably be enough to push them into doing it, Nonproliferation Treaty be damned.
Getting Finland and Sweden to join up with NATO is has a high probability of being a historical blunder that outweighs any Ukrainian territorial gains Russia might end up with.
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.
Yesterday marked the 80th Anniversary of the Molotov-Ribbentrop Pact, AKA The Hitler-Stalin Pact, AKA The Treaty of Non-Aggression between Germany and the Union of Soviet Socialist Republics.
The evil that men do tends to live on long after they’re gone, and such is the case with Hitler, Stalin, Molotov and Ribbentrop. The anti-Israeli left is constantly demanding that Israel return to its pre-1967 borders (which ain’t gonna happen), but seems distinctly disinclined to protest the territorial expansion engendered by a treaty between Stalin’s Soviet Union and Hitler’s National Socialist Germany (you know, the real Hitler, not the imaginary simulacrum of same that seems to dwell in so many left-wing heads). Not only did the Soviets get to carve up Poland with Hitler without suffering postwar consequences, but many of the territorial changes wrought by the Molotov-Ribbentrop Pact continued to live on after World War II:
Given Stalin’s greenlight, Hitler invaded Poland on September 1, 1939. The Soviet Union itself invaded Poland September 17. The land Poland lost to Nazi Germany was restored to it (plus additional formerly German territory such as Danzing/Gdansk and land east of the Oder–Neisse line) at the Potsdam conference. Not only did Poland not receive the land the Soviet Union conquered, it had to cede additional land to Lithuania, Belarus, and Ukraine. Poland lost over 28,000 square miles of territory.
Assigned to the Soviet sphere of influence by the pact, the free Baltic nations of Estonia, Latvia, and Lithuania were forcibly incorporated into the Soviet Union against their will. The nations would spend half a century suffering under communist domination before declaring themselves independent once again just ahead of the dissolution of the Soviet Union.
Finland, assigned to the Soviet sphere by the pact, would find itself invaded by the Soviet Union on November 30, 1939. Unlike the overwhelmed Poles, the Finns tore the Soviets a new asshole in the Winter War, and after three and half months of fighting in this frozen hell, and losing over 100,000 men (500 at the hands of legendary Finnish sniper Simo Hayha alone), the Soviets agreed to a Finnish peace proposal that left them with about 10% of Finland’s prewar territory.
Romania would be forced to cede various territory to the Soviet Union and Bulgaria. (Romania would ally with Nazi Germany against the Soviets, then switch sides in 1944.)
One of the tragedies of World War II was that Stalin got to keep the ill-gotten gains of his alliance with Hitler because the other allies were in no position to push the Red Army out of central and eastern Europe in 1945.
There’s a much criticized spending bill with a lot of poison pill provisions and a tiny bit of border wall funding President Trump is expected to sign, and then declare a national emergency to get the wall built.
While that’s up in the air, enjoy a Friday LinkSwarm:
Democrats don’t want to detain or deport violent felons. If that’s the hill they want to die on, bring on the shutdown. (Hat tip: Director Blue.)
“National Border Patrol Council president Brandon Judd told Breitbart News Tonight on Wednesday that Congress had ignored the advice of experts when reaching a deal to provide less than $1.4 billion for border fencing.”
The ludicrous nature of the Democrats’ “Green New Deal” continues to haunt them, leading to a lot of walking back economically insane socialist goals. NPR has the original text of the proposal.
These people think that they can adequately plan and run — for all time — an economic system from Washington that would guarantee: “a job with a family-sustaining wage, adequate family and medical leave, paid vacations, and retirement security to all people of the United States” as well as “access to nature.”
But they can’t even plan the roll out of a non-binding resolution and some press-release materials? And, when confronted by their own words, their immediate response was to accuse their enemies of sabotaging them? Gosh, by all means, let’s give them control of the entire economy. That couldn’t work out badly. I mean “Mistakes happen when doing time launches like this coordinating multiple groups and collaborators,” when uploading FAQs, not when doing anything as simple as commandeering the bulk of the U.S. economy.
Amazon cancels it’s New York City HQ2 expansion plans. Government shouldn’t be throwing subsidies at targeted corporations (nor picking winners and losers). The decision is also rich, zesty schadenfreude for Rep. Alexandria Ocasio-Cortez screwing over New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio, who both pushed hard for the Amazon deal.
This story should be absolutely infuriating to everyone on all sides of the political spectrum: rather than preserving or processing DNA rape kits, Oklahoma destroyed them.
How do Democrats expect to get socialism to work nationwide when they can’t even get it to work at one Panera Bread location?
Twitter bias is real. “Of 22 prominent, politically active individuals who are known to have been suspended since 2005 and who expressed a preference in the 2016 U.S. presidential election, 21 supported Donald Trump.” (Hat tip: Director Blue.)
Those pesky peasants are threatening the EU by daring to vote for parties of which the EU elite disapproved.
Brexit update:
Today I asked my successor as Brexit Secretary @SteveBarclay to confirm that, if the EU are not willing to agree a deal by 29 March, we will be leaving without a deal. He confirmed this is the case. pic.twitter.com/BGqecyUti5
New frontiers in unconstitutional legislation: “The Los Angeles City Council voted yesterday to require companies who want to contract with the city to disclose their relationships with the National Rifle Association.” (Hat tip: Ace of Spades HQ.)
Disgraced former Democratic state senator Carlos Uresti sentenced to five years for bribery. Unfortunately it will run concurrently with his fraud conviction, and therefore result in no additional time in prison. (Hat tip: Dwight.)
“Millennials Have Discovered ‘Going Out’ Sucks.” And they only discovered this after cities pushed densification policies to hurd them all downtown where the clubs and bars are… (Hat tip: Millennial Conservative.)
The House IT scandal, another UK Islamic rape ring, jihad terror attacks, Charlottesville, Google: Another packed week of news, all big stories that deserve more time than I have to fully untangle. I especially don’t want to get dragged into the endless Charlottesville debate/recrimination/squirrel! morass, since that’s exactly where the leftwing activists and the MSM (but I repeat myself) want us to focus our attention, rather than the economy or Islamic terrorism.
Plus two Disney links, just because that’s the way the week shook out.
The Feds also indicted Awan’s wife, Hina Alvi. “In addition to lying on multiple mortgage disclosures, as an affidavit alleged at the time of Imran’s arrest, the indictment claims Hina lied by claiming medical hardship in order to withdraw hundreds of thousands of dollars from a retirement program.”
McALLEN, Texas — Federal authorities arrested a former chief and current police sergeant for his role in allegedly helping Mexico’s Gulf Cartel move cocaine and marijuana through his jurisdiction. The Texas cop claimed that he needed money to pay for his upcoming bid for county constable after a failed attempt for the Hidalgo County Sheriff position.
Current Progreso Police Sergeant Geovani Hernandez went before U.S. Magistrate Judge Peter Ormsby who formally charged him with one count of possession with intent to distribute cocaine and one count of aiding and abetting the distribution of cocaine.
The case against Hernandez began earlier this year when agents with U.S. Homeland Security Investigations received information from a confidential informant indicating that Sgt. Geovani Hernandez was working for the Gulf Cartel, court records obtained by Breitbart Texas revealed. According to the documents, Hernandez bragged to an informant that he was a friend of former Gulf Cartel leader Juan Manuel “El Toro” Loza Salina and was able to travel to Reynosa without heat. The Texas cop told the informant that he needed money for his upcoming race for Hidalgo County Constable.
Hernandez, like the majority of candidates running for office in the Rio Grande Valley, is a Democrat. The person he lost to in the 2012 Democratic, Guadalupe “Lupe” Trevino, is in prison for money-laundering. (Hat tip: Director Blue.)
Agreeing with the above version of events: Those well-known Nazi sympathizers, the ACLU:
“I was there and brought concerns directly to the secretary of public safety and the head of the Virginia State Police about the way that the barricades in the park limiting access by the arriving demonstrators and the lack of any physical separation of the protesters and counter-protesters on the street were contributing to the potential of violence,” said Gastanaga. “They did not respond. In fact, law enforcement was standing passively by, seeming to be waiting for violence to take place, so that they would have grounds to declare an emergency, declare an ‘unlawful assembly’ and clear the area.”
“The ridiculous campaign by virtually every media outlet, every Democrat and far too many squishy Republicans to label Trump some kind of racist and Nazi sympathizer is beginning to have the stink of an orchestrated smear. The conflagration in Charlottesville is beginning to feel like a set-up, perhaps weeks or months in the planning.” Also this tidbit I’ve seen elsewhere: “The ‘founder’ of Unite The Right, Jason Kessler, was an activist with Occupy Wall Street and Obama supporter.” (Hat tip: Ace of Spades HQ.)
“As for Antifa, it’s a minuscule fringe of the Left, just as its predecessors were,” Noam Chomsky told the Washington Examiner. “It’s a major gift to the Right, including the militant Right, who are exuberant.” Noam Chomsky and I agreeing on something. And the moon became as blood… (Hat tip: Instapundit.)
Scott Adams: “How To Know You’re In a Mass Hysteria Bubble”:
A mass hysteria happens when the public gets a wrong idea about something that has strong emotional content and it triggers cognitive dissonance that is often supported by confirmation bias. In other words, people spontaneously hallucinate a whole new (and usually crazy-sounding) reality and believe they see plenty of evidence for it. The Salem Witch Trials are the best-known example of mass hysteria. The McMartin Pre-School case and the Tulip Bulb hysteria are others. The dotcom bubble probably qualifies.
Snip.
One sign of a good mass hysteria is that it sounds bonkers to anyone who is not experiencing it. Imagine your neighbor telling you he thinks the other neighbor is a witch. Or imagine someone saying the local daycare provider is a satanic temple in disguise. Or imagine someone telling you tulip bulbs are more valuable than gold. Crazy stuff.
Compare that to the idea that our president is a Russian puppet. Or that the country accidentally elected a racist who thinks the KKK and Nazis are “fine people.” Crazy stuff.
German town of Bad Nenndorf discovers best way to defeat both Neo-Nazis and Antifa: Have a big party! (Hat tip: Will Shetterly.)
On this Althouse thread I joked that SJWs would soon start digging up the graves of Confederate soldiers to put their bones on trial for war crimes. Guess what?
The hard left is drawing up big plans for November 4. “It’s very likely nothing will come of this, that it’s just another left-wing wish-fulfillment pantomime of a type carried out by leftists every year – if not every six months – since the 60s.” (Hat tip: Ace of Spades HQ.)
I was fired by Google this past Monday for a document that I wrote and circulated internally raising questions about cultural taboos and how they cloud our thinking about gender diversity at the company and in the wider tech sector. I suggested that at least some of the male-female disparity in tech could be attributed to biological differences (and, yes, I said that bias against women was a factor too). Google Chief Executive Sundar Pichai declared that portions of my statement violated the company’s code of conduct and “cross the line by advancing harmful gender stereotypes in our workplace.”
My 10-page document set out what I considered a reasoned, well-researched, good-faith argument, but as I wrote, the viewpoint I was putting forward is generally suppressed at Google because of the company’s “ideological echo chamber.” My firing neatly confirms that point.
He rejected Google’s internal mythology, and worse, he did so with basic math, in a company where mathiness is supposed to be part of the culture.
He also rejected a piece of the general mythology so firmly that what he said was actively misreported — so blatantly that one has to conclude the reporters either can’t read the hard parts of the memo, didn’t bother to read the memo, or somehow managed to see things that weren’t there. (That last is my guess, based on the examples of Trump Trance we’ve seen over the last six months.)
In the copious hiring I did at Google, 97% of the people I hired were men. I wrote reams of appeals to the hiring committee to make cases for cross-functional candidates who would be great assets to Google, even though a (typically) male dominated software engineering interview crew did not find these candidates up to snuff. I had a 90+% success rate changing the hiring decision for these candidates. Almost every one of these hires made an amazing difference to the company. 98+% of these candidates were men.
It’s not like I wasn’t trying to hire women. But I was working with a candidate pool composed of 90% men. Try software engineers with experience in sensors, wireless and hardware stacks before angrily correcting my stats there. There was no way I was going to come out of that with a larger percentage of women hires than I did.
Yes, there are some unproductive people in major corporations and the media who wish to push their left-leaning political agendas on the public at large.
But we want no part of it.
And you know what? It’s no different here at Slashdot.
We come here to learn about new technologies, about new scientific and mathematical discoveries, and to discuss computing.
We don’t want to waste our days arguing about genitalia, sexual preference, racism, and transgenderism.
We just want this bullshit to end.
We want those on the political left to stop trying to divide society into small groups based on arbitrary traits.
Or at the very least, we want everybody else to ignore the divisions that the political left are trying to create.
Liberals: “There should be fewer regulations on cool things I like!” Everyone else: “What about regulations on things other people like?” Liberals: “Fuck them!”
Ted Nugent believes he would be in the Rock and Roll Hall of Fame if he weren’t such an outspoken supporter of gun rights. He’s probably right: How do you think is a bigger “Rock and Roll Legend”: Ted Nugent, or ABBA?
In case you’re wondering how big a joke that Southern Poverty Law Center “hate list” is, Bosch Fawstin, a critic of Islam who drew Mohammed and was targeted for assassination in Garland, is evidently a “hate group” all on his own:
.@CNN publishes the Southern Poverty Law Center's list of "hate groups", & me, an individual, is on the NY list :) https://t.co/3xqpP2lfvY
