The giant Borganism that is the federal government has a built-in bias to stick its tentacles into every orifice of the body politic, gathering more money, power and influence to itself in stark defiance of the Founder’s blueprints for a weak federal government checked by strong state and citizen sovereignty. In addition to money and power, it also wants to gobble up land, and now it wants to eat 700,000 acres of private land on Texas-New Mexico border.
Under the guise of “land protection,” the federal government aims to acquire 700,000 acres of private land in the Southern High Plains region—which sits along the Texas-New Mexico border.
The U.S. Fish and Wildlife Service recently finalized its Land Protection Plan. The plan aims to acquire 700,000 acres of privately owned land and put it under federal control for “protection” in “perpetuity.” This is part of the federal government’s efforts to expand the Muleshoe National Wildlife Refuge—which feeds into the broader aim of the Biden administration: fulfilling the “30×30” initiative.
Through the “30×30” initiative, the Biden administration decided that 30 percent of the nation’s land and waters must be under federal control and management by 2030. President Biden launched the agenda via Executive Order 14008 on January 27, 2021.
However, American Stewards of Liberty explains that the initiative was rebranded as “America the Beautiful” after facing public backlash.
As the American Stewards highlight, the Muleshoe National Wildlife Refuge is attempting to expand the “acquisition boundary” from 6,440 acres in Texas and New Mexico to 7,000,000 acres—all without congressional authority. After they acquire more land, they plan to federalize 700,000 acres through buying the land or obtaining permanent conservation easements.
“Federally acquiring nearly three-quarter million acres from this region is a direct attack on the oil, gas, and mineral industries, agriculture production, and local economies,” the American Stewards write.
They also claim counties were not notified of the expansion.
“No direct notice was given to the counties or local governing authorities. The USFWS [U.S. Fish and Wildlife Service] failed to coordinate this plan with the local governments as required by law.”
The expanded area grabs land in 15 Texas counties including Bailey, Castro, Cochran, Crosby, Dawson, Gaines, Garza, Hale, Hockley, Lamb, Lubbock, Lynn, Parmer, Terry, and Yoakum. The expansion into five counties in New Mexico includes land from Chaves, Curry, De Baca, Lea, and Roosevelt counties.
If you look at a map of the proposed takings, you can see federal environmentalists want to “conserve” (i.e. control) land rightup to the edge of Lubbock:
Both this plan and the 30×30 plan in general smack of the sort of unauthorized, self-directed bureaucratic empire-building that the Loper Bright Enterprises v. Raimondo decision struck down. Both private land owners and the State of Texas should resist this blatant land grab with all the tools at their disposal.
2009 – The Obama-Biden administration takes office
November 1, 2013 – China / BHR:
Hunter Biden, business associate, and Chinese investors agree to create Bohai Harvest RST Equity Investment Fund Management Co., Ltd. (BHR), an investment fund controlled by the Bank of China, to focus on mergers and acquisitions, and investment in and reforms of state-owned enterprise.
December 4, 2013 – China / BHR
Vice President Biden travels with Hunter Biden on Air Force 2 to China and meets CEO of BHR, Jonathan Li. Shortly thereafter, BHR’s business license was approved and Hunter Biden was a board member.
February 5, 2014 – Kazakhstan
Kenes Rakishev, a Kazakhstani businessman, meets with Hunter Biden at a hotel in Washington, D.C.
April 15, 2014 – Ukraine
Burisma, a Ukrainian energy company, appoints Biden business associate to their board of directors.
After initially killing a bill on July 12, 2023 that would have increased the penalties on child sex traffickers, the Democrats who completely control the California Assembly’s Public Safety Committee reversed course one day later and voted to advance the bill.
With a final vote of 6-0, including two abstentions from progressive Democrats, the bill now moves to the Appropriations Committee, after which, if it is approved, can move the bill to be voted upon by the entire State Assembly. If passed, SB 14 will make trafficking of minors a serious felony that would qualify under California’s three strikes law, which keeps dangerous, serial criminals off the streets, and make individuals convicted of the crime ineligible for early release.
I highlight the two abstentions by Democrats. Even after a nationwide uproar over their willingness to block harsh penalties on those who traffic young children for sexual slavery, these two Democrats, including Assembly Majority Leader Isaac Bryan (D-Los Angeles), still could not bring themselves to vote for the bill.
State Senator Charles Schwertner (my state senator) has his DWI charges dismissed. Still, he hardly crowned himself in glory. At least he didn’t yell “Call Greg!” (It did make me wonder what Rosemary Lehmberg is doing today, and if she ever conquered her alcoholism…)
A detailed look at the recording of one of my favorite albums of all time: Peter Gabriel III.
Just what does electronic music pioneer Morton Subotnick’s “Silver Apples of the Moon” sound like? You know that scene in a 70s SciFi dystopia where someone’s face gets ripped off to reveal they’re a robot? It sounds like that.
GWAR plays for NPR. So on one side you have horrible monsters who are unbearable to listen to, and on the other side you have GWAR…
More Biden corruption comes to light, California gets even more crazy, and two former European Prime Ministers step out of the spotlight in different ways.
House Oversight Chairman James Comer revealed Thursday that he expects there is evidence of at least $20-$30 million being made in illegal payments by foreign nationals to the Biden family.
Appearing on Fox Business, Comer stated “We have more bank records coming in but we’re gonna exceed $10 million this week but I think we’ll get up to $20-$30 million.”
He further noted that it is becoming clear that the Bidens potentially engaged in bribery, influence peddling, and money laundering.
“This is going to be hard for Biden to explain, this is not going to go away, and I think eventually the mainstream media is going to start asking the real questions,” Comer added.
“They know there’s something wrong here. They know all the allegations have merit, because of where Joe Biden was, because of what we’ve seen on tape before, where Joe Biden bragged about firing that prosecutor,” he added,
“They know that this family created these shell companies. They know this family was money-laundering, they were profiting off Joe Biden’s influence,” Comer asserted, adding “The media knows that – they’re just not covering it.”
“I can assure you: there is more money that we’re going to be able to identify, that was transferred between foreign nationals in other countries and the Biden family,” Comer further emphasized, adding “I think, eventually, the mainstream media will turn on Joe Biden and start asking the real questions: ‘What did your family do to receive all this money?’”
Speaking of Biden family corruption: “House Oversight Panel Subpoenas Former Hunter Biden Associate Devon Archer…[The committee] is particularly interested in Archer’s involvement in the family’s international business deals, which included countries like China, Russia, and Ukraine.” Archer was in Global Seneca Partners with Hunter Biden and John Kerry’s stepson.
“Baltimore Police Commissioner Michael Harrison stepped down this week as the progressive-run city struggles with homicides, a drug crisis, and a troubling rise in violence involving teenagers.” Time to pull this out again:
Silvio Berlusconi, Italy’s longest-serving prime minister, dead at 86. Berlusconi revived Italy’s economy, but then couldn’t keep it out of the PIIGS. But for a whilehe kept the wolves at bay.
Also stepping out of the spotlight this week: Former UK Tory Prime Minister Boris Johnson resigned from Parliment. Other than getting Brexit accomplished, Johnson’s tenure seemed all sizzle and no steak.
In April 2023, an unelected Board in California voted to force trucking companies to buy zero-emission trucks. This technology is at early-stage adoption in limited segments, and infrastructure buildout is lagging behind what is required to support electrification in our industry. The Board unanimously advanced the Advanced Clean Fleet rule to accompany California’s equally tough electric vehicle sales mandate regulation, the Advanced Clean Truck rule, that would require truck manufacturers to sell zero-emission vehicles. These two regulations together are designed to create an artificial electric vehicle market sooner rather than later.
This new rule was made at the behest of the environmental lobby, which pushed for unrealistic targets and unachievable timelines that will undoubtedly lead to higher prices for goods delivered to the state and fewer options for consumers. ATA has strongly opposed this rule from the outset and testified at a hearing in Sacramento to express the trucking industry’s concerns directly to the Board.
Snip.
Today’s clean diesel trucks can spend 15 minutes fueling anywhere in the country and then travel about 1,200 miles before fueling again. In contrast, today’s zero-emission trucks:
Have significantly less range of about 150-330 miles between charging or refueling;
Need to be charged or refueled more often and for longer periods of time leading to unproductive downtime;
Cost two to three times more than a comparable clean-diesel truck; and
Weigh thousands of pounds more, reducing payload capacity and requiring more trucks and drivers to move the same amount of freight.
Also: “The California Energy Commission estimates that 157,000 chargers will need to be installed by 2030 to support California’s heavy-duty vehicle electrification goals.” Assuming there’s enough Lithium in the world for the batteries… (Hat tip: TPPF.)
Hope for San Francisco? Residents replace drug-addicted transients on their local sidewalks with large planters.
Public Utility Commission (PUC) Chairman Peter Lake and Electric Reliability Council of Texas (ERCOT) CEO Pablo Vegas sent a clear message to the Texas Legislature on Wednesday: tweak the electricity market so that natural gas generation can be supplemented, or continue to face problems in the summer heat.
I just have to pause here to note that “Pablo Vegas” sounds like an Anthony Weiner pseudonym.
“Operationally, the ERCOT grid is ready for this summer,” Lake said, unveiling the 2023 Seasonal Assessment of Resource Adequacy (SARA) report. “The reliability reforms that were put in place have been tested and continue to work. We’ve made the grid we’ve got as strong as possible using every tool available.”
The SARA report, as Lake stated, is an estimate of electricity demand and supply for certain scenarios based on past data, not a forecast of what is to come this summer.
It estimates peak demand to reach 82,739 megawatts (MW); for comparison, 1 MW can power about 200 homes during the peak demand hours of the late summer afternoon through evening. To cope with that demand, the state expects to have 97,000 MW of capacity available — two-thirds of which is thermal generation, combined with 13 percent from solar and 11 percent from wind.
However, Lake tinged the grid’s readiness with an omen.
“Data shows for the first time that peak demand this summer will exceed the amount we can generate from on-demand dispatchable power,” Lake warned. “There is no longer enough dispatchable generation to meet the demand of the ERCOT system. So, we will be relying on renewables to keep the lights on.”
The State of Texas is adding about 300,000 people per year, which means a larger and larger demand for electricity on the state’s largest power grid.
“In this new reality, our risk goes up as the sun goes down,” Lake added.
Vegas likened the situation to a car: the metaphorical vehicle — the physical grid itself — is up to par on maintenance, but it lacks the necessary fuel — the electricity supply — to power its full trip ahead.
Lake said that ERCOT’s dispatchable supply fleet only grew 1.5 percent from 2008 to 2022. During that time, its renewable footprint grew substantially with now more than 30,000 MW of wind power installed and more than 10,000 MW of solar.
The influx of renewables is driven primarily by the Production Tax Credit — a federal subsidy that pays renewable generators 2.6 cents per kilowatt-hour produced — which has given wind and now solar an advantage over thermal generation sources. ERCOT has 31,000 MW of solar generation in the queue along with 5,000 MW of wind.
In contrast, only 800 MW of dispatchable power has been added in the last year, according to Lake.
So thanks to renewables, blackouts may be in the future of Texans this summer.
The Biden administration is announcing a climate rule that would require most fossil fuel power plants to slash their greenhouse gas pollution 90 percent between 2035 and 2040 — or shut down.
The highly anticipated regulation being unveiled Thursday morning is just the latest step in President Joe Biden’s campaign to green the U.S. economy, an effort that has brought a counterattack from Republicans and coal-state Democratic Sen. Joe Manchin. That’s on top of efforts by Biden’s agencies to promote the use of electric cars, subsidize green energy sources like solar and wind and tighten regulations on products including gas stoves and dishwashers.
The draft power plant rule from the Environmental Protection Agency would break new ground by requiring steep pollution cuts from plants burning coal or natural gas, which together provide the lion’s share of the nation’s electricity. To justify the size of those cuts, the agency says fossil fuel plants could capture their greenhouse gas emissions before they hit the atmosphere — a long-debated technology that no power plant in the U.S. uses now.
As an alternative, utilities could hasten their decisions to shut down their aging coal plants, a trend that has already gathered speed in the past two decades. The rule allows plants that agree to close in the first half of the 2030s to avoid most or all of the pollution-reduction mandates.
Safe, reliable nuclear and fossil fuel powered energy is anathema to the Democratic Party because they can’t rake off enough graft from it. Unless you’re willing to let them shove their disasterous green energy programs down your throat, they want you deplorables sitting in the dark.
Another lunatic leftwing California ecowarrior directive bites the dust.
A federal appeals court on Monday overturned a California city’s first-in-the-nation ban on natural gas hookups in new buildings, saying it violates federal law.
The three-judge panel from the Ninth Circuit Court of Appeal sided with a coalition of California restaurants, who argued that the City of Berkeley’s ordinance essentially bans gas appliances in violation of a 1975 directive that gives Congress control over restrictions on appliances. The unanimous ruling is a major blow to California Democrats’ green energy push, and could clear the way for legal challenges to similar bans around the country.
Democrats have increasingly moved to ban gas stoves while attempting to downplay their efforts. New York is poised to become the first state to ban gas stoves, and California is working towards a statewide ban of its own. The White House has denied that President Joe Biden supports banning gas stoves while the Energy Department works to restrict their sale. Blue state attorneys general and environmental groups lined up to support the ban in court, in a sign of the case’s national implications.
The California Restaurant Association claimed Berkeley’s ban violated the 1975 Energy Policy and Conservation Act , which gives the federal government final say over restrictions on energy appliances.
Judge Patrick Bumatay wrote that even though Berkeley lawmakers didn’t specifically ban the use of natural gas appliances, they reached the same result “circuitously” by changing their building code to ban gas piping—a policy that renders “the gas appliances useless,” he said.
This preemption would apply to state policies as well, he added.
“States and localities can’t skirt [federal preemption] by doing indirectly what Congress says they can’t do directly,” he wrote.
There’s simply no end to the things ordinary people enjoy that radical environmentalists are willing to ban. Fortunately, there’s still some semblance of the rule of law to at least temporarily keep them in check…
More moving trucks left from California than any other state in 2022 for the third year in a row, while more Americans are flocking to Republican-led states like Texas and Florida, a new study published on Jan. 3 has found.
The study was conducted by the moving truck rental company, U-Haul, and found that Texas, Florida, and the Carolinas were the preferred destinations for one-way moving trucks in 2022, with those states ranking as the top growth states on the annual U-Haul Growth Index.
U-Haul’s Growth Index is compiled according to the net gain of one-way U-Haul trucks arriving in a state or city, versus those departing from that state or city each calendar year across the U.S. and Canada and is a strong indicator of what kind of job states and cities are attracting and maintaining residents, according to the company.
Texas is the top destination for U-Haul trucks for the second consecutive year and the fifth time since 2016, according to the study. That is followed by Florida, which has been a top-three growth state for seven years in a row. South Carolina, North Carolina, Virginia, Tennessee, Arizona, Georgia, Ohio, and Idaho also saw strong growth rates in 2022, the study found.
I think I’ve posted a variation on this story just about every year I’ve published this blog…
From July 2021 to July 2022, 300,000 more people moved out of the state than moved in. New York had the largest population loss—in both percentage and absolute terms—experienced by any state during that period.
Sadly, this was both predictable and preventable.
In March 2021, a study of New York found that its already staggeringly high tax burden had worsened due to an increase in the top marginal tax rate to almost 15% for those in New York City. The study projected that the flood of people leaving would only accelerate—and it did.
Even before that study, the Empire State lost so many people that it cost New York a seat in Congress after the 2020 census. This exodus is a direct response to New York’s obscenely high taxes.
Just how bad is it? Compared with other states, New Yorkers:
Pay the highest total tax burden and highest share of personal income (14%) in taxes.
Endure the second-worst overall business-tax climate.
Face the highest individual income-tax rate and income-tax collections per capita.
Pay the second-highest state and local corporate income tax collections per capita.
Have the fourth-highest property taxes and local sales-tax rate (on average).
Pay the highest cigarette taxes and ninth-highest gasoline taxes.
Remember how I’ve noted that semiconductor memory manufacturers make money hand-over-fist in boom times and barely break even during busts? “Samsung Profits Plunge 69% As Global Chip Demand In ‘Full-Fledged Ice Age.'”
Turnabout is fair play: “U. Houston Prof Tells Students to Report Teachers Berating ‘White People or Christians to DEI Office.'”
Denver Mayor Michael Hancock takes pride in virtue signaling his city as a refuge for illegal aliens. Guess what?
The Biden Administration, in its never-ending quest to punish the oil and gas industry for supplying cheap, reliable energy, tried to block the export of liquefied natural gas to Asia. Then Ted Cruz stepped in.
The U.S. Department of Energy (DOE) announced the approval of permits to export liquefied natural gas to Asia after Sen. Ted Cruz (R-TX) held four agency nominees hostage.
Two Sempra Energy facilities on the West Coast will now be able to ship Texas-produced liquefied natural gas (LNG) to Asia, increasing the supply that competes with Russia to fuel the rest of the continent. They will also allow the transport of LNG supplies by pipeline to Mexico.
The approvals come after the Biden administration’s reticence and Cruz’s corresponding holds placed on four nominees to positions in the DOE. Those nominees are David Crane, to work under DOE Secretary Jennifer Granholm; Jeffrey Matthew Marootian and Gene Rodrigues, both nominated to serve as assistant secretaries; and Evelyn Wang, up for director of the Advanced Research Projects Agency-Energy.
A Senate procedural tool, the hold is “an informal practice by which a senator informs Senate leadership that he or she does not wish a particular measure or nomination to reach the floor for consideration.”
Cruz used a similar maneuver back in May to force permit approvals, including one for a Port Arthur facility.
“This decision is a long overdue win for Texas and America,” Cruz spokesman Dave Vasquez said in a statement provided to The Texan.
“These permits will enable West Coast liquefied natural gas export facilities to send U.S. natural gas from Texas and other Western states by pipeline to Mexico, and from there export the LNG to Asia. As a result, American allies and partners in Asia will have access to newer and cleaner alternatives to the coercive energy blackmail pushed by Russia and China.”
The permits will enable the cheaper sale of Texas LNG supply to Asia; it also enables shippers to avoid the congested Panama Canal, thus expediting the supply. In total, the two permits will allow the exchange of 2.33 trillion cubic feet per year of LNG.
In 2021, Texas producers generated 10.3 trillion cubic feet of natural gas.
It’s good to have a senator on your side that knows how to play the game…
The combination of pretending to transition to a green energy future combined with dependence on Russian gas and the fallout of the Russo-Ukrainian War has Germany looking at some very tough choices:
“Europeans have chosen to largely remove natural gas from their industrial space, and so we are seeing huge amounts of industrial closures across the entire industrial space.”
“Natural gas isn’t just part of their electricity system, it’s part of their petrochemical system, which is what makes their manufacturing sector possible. So in shutting all this stuff down the Europeans are choosing, maybe not consciously, but they are choosing a general de-industrialization trend for the entire continent.”
“No one is making nitrogen-based fertilizer in Europe anymore. No one is smelting aluminum anymore. A lot of the steel foundries are shutting down.”
And so far it’s a relatively mild winter in Europe. Next year will be worse.
Zeihan talks about how Germany “fudges” some of it’s green energy pledges. (In a previous video he mentioned some bit of legerdemain where they don’t count fossil fuel baseload power that spins up to take over for solar at night.) So exactly what has Germany’s much-vaunted green energy programs accomplished? Not much.
In 2000, Germany obtained 84 percent of its energy from fossil fuels. By 2019, it was 78 percent. As Vaclav Smil pointed out a couple of years ago, at this rate, Germany would still be deriving 70 percent of its energy from fossil fuels by the year 2050.
Sure, Germany hasn’t managed to transition away from fossil fuels, but they have managed to make their energy infrastructure expensive and unreliable…
Democrats flee, lettuce wins, a flood of extra executives, and Musk gets out the hatchet. It’s the Friday LinkSwarm!
People leaving the Democratic Party describe it as cancer:
While Democrat voters have been leaving the party for years, their reasons have become more urgent.
“When people were feeling pushed away years ago, to the point where they were starting to walk away, there was more of a casual tone about it,” former liberal Democrat Brandon Straka, founder of #WalkAway told The Epoch Times.
“People were beginning to feel the effects of leftist, communism, Marxism infiltration into our society, our culture, and our politics.”
Straka founded #WalkAway in 2018 after making his personal decision to leave the party public while inviting others to join him. Since then, thousands of exiting Democrats made social media videos explaining why they were choosing to #WalkAway, giving Straka a window into the minds of these voters.
At that time, people were just noticing changes in the party, he said. They weren’t always identifying what it meant, but they knew they didn’t like how it felt, and quietly left.
“But now, it’s akin to cancer. Cancer doesn’t stop growing and spreading just because people don’t like it. And what’s happening with the left is no different,” Straka said. “Particularly with them getting rid of Trump, installing Biden, and the Democrats taking full control of the government. This is a cancer that’s rapidly growing and spreading now. And it’s becoming not just uncomfortable, but I think intolerable, for a lot of people.”
Drugs dealers openly selling on Broadway. Thinks to mayors Bill de Blasio and Eric Adams, and the feckless actions of Soros-backed DA Alvin Bragg, Democrats have undone not only all the hard-won law-and-order gains of Rudy Giuliani’s broken windows police, but they’ve actually brought NYC back to the nadir of the crime-ridden New York of the 1970s. (Hat tip: Sarah Hoyt at Instapundit.)
Robert Francis “Beto” O’Rourke is heading to his third high-profile defeat in five years. But he and Planned Parenthood have an ace of their sleeve: registering dead voters.
A Texas firearms dealer is suing the Biden administration for weaponizing the Bureau of Alcohol, Tobacco, Firearms, and Explosives to shut down law-abiding gun retailers over paperwork errors discovered during audits.
President Joe Biden ordered the Department of Justice in June of 2021 to enforce “zero tolerance for willful violations of the law by federally licensed firearms dealers that put public safety at risk,” but after a 500 percent increase in federal firearm license revocations for retailers over the last year, it’s clear the Biden administration isn’t just going after gun sellers who intentionally violate the law.
Punishing minor slip-ups, the lawsuit argues, draws on a drastically different interpretation of the law than the definition federal courts have held based on the Gun Control Act of 1968.
The lawsuit, to which the federal government has 60 days to respond, also argues that the Biden administration’s new policy sets an unreasonably high standard that is not applied to any other industry.
That’s why Michael Cargill, owner of Central Texas Gun Works in Austin, chose to bring this case.
Those energy-hostile Democratic Party policies just keep paying dividends: “New England facing natural gas shortages, rolling blackouts this winter.”
The reality is that the normal flow of natural gas into the region is limited and has been unable to keep up with increasing demand levels over the past decade. That means that utility operators have to rely on liquid natural gas (LNG) imports to make up the difference during peak demand periods. During such times, LNG accounts for as much as one-third of the total natural gas used for heating and electricity.
But why is that? You won’t need an ace detective to figure that out. Utility companies in New York, Connecticut, and other New England states projected supply shortfalls more than a decade ago. Fortunately, New York and Pennsylvania sit on some of the richest natural gas resources in the country, found in the Marcellus shale deposits. The companies requested new, higher-volume pipelines to carry natural gas to meet the spiraling demands of New York City, particularly at the furthest end of the gas lines in Long Island. They also urged the development of local gas production to feed those lines. Similar situations were noted all across New England.
Instead of doing that, New York refused to approve new gas lines and passed a moratorium on natural gas drilling in the state. This brings us to the current situation where the same amount of natural gas is being used, but increasing amounts of it come in the form of LNG that has to be imported either from other regions of the country or from overseas. The energy crunch in Europe is eating up a lot of the available LNG, so there may not be enough for New England this winter.
A star reporter for ABC News has been missing since an April 27 FBI raid at his Arlington, Virginia apartment.
Emmy award winner James Gordon Meek – a deep-dive journalist who was also a former senior counterterrorism adviser and investigator for the House Homeland Security Committee, abruptly quit his job of 9 years and “fell off the face of the earth,” after the raid, one of his colleagues told Rolling Stone.
A recent proliferation of phony executive profiles on LinkedIn is creating something of an identity crisis for the business networking site, and for companies that rely on it to hire and screen prospective employees. The fabricated LinkedIn identities — which pair AI-generated profile photos with text lifted from legitimate accounts — are creating major headaches for corporate HR departments and for those managing invite-only LinkedIn groups.
Last week, KrebsOnSecurity examined a flood of inauthentic LinkedIn profiles all claiming Chief Information Security Officer (CISO) roles at various Fortune 500 companies, including Biogen, Chevron, ExxonMobil, and Hewlett Packard.
Since then, the response from LinkedIn users and readers has made clear that these phony profiles are showing up en masse for virtually all executive roles — but particularly for jobs and industries that are adjacent to recent global events and news trends.
Does the Federal Reserve swapping some $6 billion worth of dollars for Swiss Francs with the Swiss National Bank mean a global financial crisis is coming? Boiling down his argument: A.) The Swiss National bank has a weekly dollar auction every Wednesday. 99%+ of the time, no one shows up for them. B.) Last Wednesday, 15 parties (meaning banks) showed up for them to the tune of some $6 billion. C.) The only reason they would do that is if they don’t trust their current repo counterparties, and D.) This is what happened when Flu Manchu hit and before the Subprime Meltdown in 2008. If it’s any consolation, they first started showing up for the latter in December of 2007, so you might have nine months to buy gold, ammunition and canned goods…
“According to the latest campaign finance reports, Republican Alexandra del Moral Mealer has raised a record-setting $4.9 million dollars in support of her campaign for Harris County Judge, outraising Democratic incumbent Lina Hidalgo 4 to 1.”
Related: “Hidalgo Booed Exiting Meeting Where GOP Commissioners Continue Boycott of Tax Increase.”
Woke reporter: Are you just super excited to coach against another black coach? Tampa Bay Buccaneers coach Todd Bowles: “We don’t see color…the minute you guys stop making a big deal about it, everyone else will as well.”
I hope all BattleSwarm readers are safe from the Joe Biden Armageddon thus far. Today’s LinkSwarm features Democrats disdaining the rules followed by the little people, the UN is delusional enough to think they can run the world and defy the laws of economics, and petting dogs is good for you.
UNCTAD, the UN agency dealing with global trade, demanding *all* central banks stop rate hikes and instead switch to price controls. They argue, “policymakers appear to be hoping that a short sharp monetary shock – along the lines, if not of the same magnitude, as that pursued… under Paul Volker – will be sufficient to anchor inflationary expectations without triggering recession. Sifting through the economic entrails of a bygone era is unlikely, however, to provide the forward guidance needed for a softer landing given the deep structural and behavioural changes that have taken place in many economies, particularly those related to financialization, market concentration and labour’s bargaining power.”
I am not playing tennis with them either, but note the radicalism. Indeed, their latest report also argues, “supply-chain disruptions and labour shortages require appropriate industrial policies to increase the supply of key items in the medium term; this must be accompanied by sustained global policy coordination and (liquidity) support to help countries fund and manage these changes.” So, industrial policy. And Fed swap-lines. Expect both ahead.
They also ask why we haven’t regulated shadow-banking, and why we allow speculators in global commodity markets who have nothing to do with underlying trade. On the latter they note, “Market surveillance authorities could be mandated to intervene directly in exchange trading on an occasional basis by buying or selling derivatives contracts with a view to averting price collapses or deflating price bubbles.” I expect nothing but that ahead – and geopolitically driven to boot.
This boils down to: “Hey, we need to institute economic policies proven to fail, because otherwise lots of rich people will lose money!” Wage and price controls were tried in the 1970s and they failed miserably. The longer governments try to defy the market, the more terrible the snapback when those efforts fail.
On Tuesday, the New York Times framed a story circulating on the right over a software company’s connection with the Chinese Communist Party as a “right-wing conspiracy theory.”
“At an invitation-only conference in August at a secret location southeast of Phoenix, a group of election deniers unspooled a new conspiracy theory about the 2020 presidential outcome,” was the Times’ original lede (via the Daily Caller).
In it, the Times wrote that “right-wing” election deniers in Arizona had fabricated a conspiracy theory that election software company Konnech had secret ties to the CCP, and was passing them information on around two million US poll workers.
“In the two years since former President Donald J. Trump lost his re-election bid, conspiracy theorists have subjected election officials and private companies that play a major role in elections to a barrage of outlandish voter fraud claims,” reads the article. “But the attacks on Konnech demonstrate how far-right election deniers are also giving more attention to new and more secondary companies and groups. Their claims often find a receptive online audience, which then uses the assertions to raise doubts about the integrity of American elections.”
The next morning, Konnech executive Eugene Yu was arrested for the alleged theft of poll workers’ personal information.
New Orleans Mayor LaToya Cantrell is facing the threat of a recall election and it’s not just the city’s rising crime that has petition signers enraged.
The two people behind the petition are both Democrats demanding the Democrat mayor leave office for her “failure to put New Orleans first and execute the responsibilities of the position,” according to Fox News.
In 2021, more than 150 officers left the New Orleans Police Department, despite a surge in murders and carjackings. Carjackings so far this year stand at 217, an increase of over 200 percent since 2019, according to the Metropolitan Crime Commission weekly bulletin.
But it’s the mayor’s exorbitant travel spending that has people up in arms.
She traveled to sister cities Ascona, Switzerland, and Juan Antibes-les-Pins on the French Riviera this summer, costing the City of New Orleans close to $45,000, including first-class international airfare with lie-flat seating.
The city’s travel policy requires employees to pay the difference in cost for work-related airfare upgrades, stating “employees are required to purchase the lowest airfare available … employees who choose an upgrade from coach, economy, or business class flights are solely responsible for the difference in cost,” Fox News reported.
But Cantrell hasn’t paid the near $30,000 bill from her first-class international flight upgrades over the summer.
She has claimed the visits are an investment in the city and necessary for her safety.
“My travel accommodations are a matter of safety, not of luxury,” The Times-Picayune/The New Orleans Advocate reported. “As all women know, our health and safety are often disregarded and we are left to navigate alone. As the mother of a young child whom I live for, I am going to protect myself by any reasonable means in order to ensure I am there to see her grow into the strong woman I am raising her to be. Anyone who wants to question how I protect myself just doesn’t understand the world Black women walk in.”
Yes, I’m sure the men and women who walk the streets of New Orleans at night have never know unthinkable fear of having to fly coach to Switzerland.
“Federal Law Does Not Exempt LGBT Employees From Bathroom, Dress Code, Policies, Judge Rules…A U.S. Equal Employment Opportunity Commission (EEOC) policy document from June 2021 overreached in its interpretation of the Supreme Court’s ruling forbidding employment discrimination based on sexual preference and gender identity, Judge Matthew Kacsmaryk of the U.S. District Court for the Northern District of Texas found. Texas sued over the guidance.”
Well, fellas, if you don’t want OPEC+ to be in a position where it can influence U.S. gasoline prices a month before the election, you need policies that minimize the U.S. market’s dependence upon the global oil market. This means maximizing U.S. oil production and expanding U.S. refinery capacity.
It would be a mild exaggeration to declare that the Biden administration hascompletely stopped issuing leases for oil and gas drilling on federal lands and in federal waters, but only a mild one. As the Wall Street Journal reported last month, “President Biden’s Interior Department leased 126,228 acres for drilling through Aug. 20, his first 19 months in office, the analysis found. No other president since Richard Nixon in 1969-70 leased out fewer than 4.4 million acres at this stage in his first term.” It’s not a complete halt, but it’s very close to one. This means that the U.S. is almost entirely dependent upon oil production from private lands.
The good news is that there’s still a lot of oil beneath private lands. As of July, the U.S. was producing 11.8 million barrels per day, an increase from the 11.1 million barrels per day produced in January 2021, the month President Biden took office. But before the pandemic hit in early 2020, the U.S. was producing 12.8 million barrels per day, and it even hit 13 million barrels per day in November 2019. We have the proven ability to produce about 1.2 million more barrels per day than we are, if we want to do so and our public policies encourage it. But right now, they do not.
The Biden administration keeps insisting that it’s doing everything it can to bring gas prices down, including releasing oil from the Strategic Petroleum Reserve — which is now at its lowest level in 40 years. But what’s in the SPR is oil, not gasoline, and oil must still be refined. You can’t just pump the stuff out of the ground and put it in your car.
U.S. refineries are running at full capacity, or just short of full capacity. This is why oil from the Strategic Petroleum Reserve releases got sent to Europe and Asia, because they had the room and equipment to turn it into actual usable fuel. The U.S. currently has no more spare ability to turn the oil from the reserve into stuff that will actually make your car move; yelling at the oil companies isn’t going to change what is fundamentally an engineering problem.
And Democrats absolutely refuse to let anyone build new oil refineries.
Multiple sources have confirmed that Nord 2 was full of natural gas; that it was full for at least months; and that said natural gas had never moved.
It. Just. Sat. There. For — allegedly — months.
During normal operations of a pipeline, you run a pig through fairly regularly. A “pig” is a bit of equipment pushed by the gas flow, and as it moves along it shoves water and hydrate slurry down to where it can be removed; and it scrapes compounds off the inside walls (hydrogen sulphide, I’m looking at you) that might be are probably eating your pipe.
Note the part above where the pigs are pushed by the gas. The gas in Nordstream 2 never moved. That means no pig ever went down the line to shove water out, move hydrate slurry, or stop H2S from corroding the steel of the pipeline.
As I said in the previous post — and I will continue to say — none of this rules out intentional Acts of War. There are idiots enough in that region that sabotage can’t be discounted.
“A lot of folks are running the White House. Joe Biden just isn’t one of them.” “Biden is surrounded with longtime D.C. power players, such as Ron Klain, Susan Rice, Anita Dunn, John Podesta, Gene Sperling – a veritable “who’s who” of Beltway knife fights and insider skullduggery. Throughout their long careers, they’ve never sought credit or voter approval. Just power.”
“NYC Mayor Declares State of Emergency over Influx of Illegal Immigrants. [New York City mayor Eric Adams] said at least 17,000 asylum seekers have arrived in the city by bus from other parts of the country since April.” Oh, a million illegal aliens come over the border into Texas and it’s no big deal, but 17,000 show up in your “sanctuary city” and suddenly it’s a problem!
“NYU Fires Chemistry Professor After Students Launch Petition Claiming His Course is Too Hard.” The lesson here seems to be that businesses shouldn’t hire NYU grads…
British blogger eats on £1 for a single day and has a very tough time of of it, even with foraging and scavenged condiments. Despite the dollar-pound exchange rate being so favorable, I don’t think I could do that on $1 a day shopping at HEB, and even if you made it $1.25, it would have to be three meals of ramen. Also, I don’t think I can even buy a single carrot at HEB (if I had wanted to), spaghetti is considerably more than 23¢ for 500 grams. $5 for $5, that I could do, and $30 for 30 days would be grim but very doable (price, pasta, and beans).
