Despite having an absolute majority in Parliament, Prime Minister Theresa May gambled she could increase Tory numbers in Parliament, strengthen her hand in Brexit negotiations, and KO the Jeremy Corbyn-led Labour Party by calling a snap election.
The result: the Tories lost 12 seats and Labour picked up 29, meaning that the Tories no longer have an absolute majority. Because they still have the most seats in Parliament, the Tories will still get first crack at forming a coalition government, most likely with the Democratic Unionist Party of Northern Ireland. “For as long as Corbyn leads Labour, we will ensure there’s a Tory PM.”
Oddly enough, both Conservatives and Labour gained vote share at the expense of the minor parties. The conservatives increased their share of votes in Scotland, where they took several seats from the Scottish National Party. The Liberal Democrats gained three seats.
I said when she scheduled the snap election that it was a bold but risky move, and it backfired. I think “campaign fatigue” might have had a role in May’s defeat, a classic “Hubris clobbered by Nemesis” move.
If there’s one pattern to 21st century electoral politics, it’s apparently “never believe polls.”
(Administrative note: So much news dropped yesterday that the LinkSwarm will probably be pushed out to Monday.)
Tuesday I attended the Texas Public Policy Foundation‘s Legislative Update following the close of the regular 85th Texas Legislative Session. I meant to live-blog it, but I neglected to get the WiFi password before it started, so I ended up live-tweeting it from my iPhone instead.
So here’s a recap in tweet form of what was discussed.
The panel was introduced by TPPF Executive Vice President Dr. Kevin Roberts.
Most bills filed this session didn't pass. #TPPFLegUpdate
In case it’s unclear from the tweet, Logan was not enthused at the prospect of CPS using predictive analytics.
I hope these tweets give you at least the gist of what was discussed.
If you want to attend yourself, the Legislative Update has other dates around the state open to the public, so sign up for free tickets in advance if you’re interested.
Abbott gave legislators an ambitious 19-item agenda to work on — including a so-called “bathroom bill” — after they approve must-pass legislation that they failed to advance during the regular session. An overtime round, Abbott said, was “entirely avoidable.”
“Because of their inability or refusal to pass a simple law that would prevent the medical profession from shutting down, I’m announcing a special session to complete that unfinished business,” Abbott told reporters. “But if I’m going to ask taxpayers to foot the bill for a special session, I intend to make it count.”
(Ignore the usual Texas Tribune hand-wringing about the “controversial” nature of the bathroom law; it’s just a restoration of the status quo, reversing what the Obama Administration imposed on the nation via executive fiat.)
Here are Governor Abbott’s 19 items:
Teacher pay increase of $1,000
Administrative flexibility in teacher hiring and retention practices
School finance reform commission
School choice for special needs students
Property tax reform
Caps on state and local spending
Preventing cities from regulating what property owners do with trees on private land
Preventing local governments from changing rules midway through construction projects
Speeding up local government permitting process
Municipal annexation reform
Texting while driving preemption
Privacy
Prohibition of taxpayer dollars to collect union dues
Prohibition of taxpayer funding for abortion providers
Pro-life insurance reform
Strengthening abortion reporting requirements when health complications arise
Strengthening patient protections relating to do-not-resuscitate orders
Cracking down on mail-in ballot fraud
Extending maternal mortality task force
That’s an ambitious agenda…if Texas Speaker Joe Straus, who did so much to thwart so many of those items, let’s any of them pass.
In an effort to force the special session, [Lieutenant Governor] Patrick had held hostage legislation, known as a “sunset bill,” that would keep some state agencies from closing. That “will be the only legislation on the special session [agenda] until they pass out of the Senate in full,” Abbott said.
That’s quite defensible from a governance perspective, but it is going to eliminate Lt. Gov. Patrick’s biggest piece of leverage against Straus.
With fewer items on the agenda, maybe House Republicans will have a chance to concentrate and actually act like Republicans rather than let Straus’ liberal coalition run roughshod over them.
When news came down that Saudi Arabia, Bahrain, UAE and Egypt were cutting diplomatic ties with Qatar, I speculated that this might be a direct result of President Trump’s recent trip to the Middle East. Noting longstanding belief that Qatar was the primary funding source for the Islamic State, I suggested “maybe a businessman like Trump thinks the easiest way to cramp the Islamic State’s style is to cut off their sugar daddy.”
These two tweets from President Trump indicate I may be right:
So good to see the Saudi Arabia visit with the King and 50 countries already paying off. They said they would take a hard line on funding…
Caveat the first: Trump. Caveat the second: Trump’s Twitter feed, which is, as we all know, a nonstop notion buffet.
Still, whether President Trump is behind the move or not, he’s already had more success cutting off terrorist funding than the feckless Obama Administration.
Back in 2014, a scandal erupted when media reports confirmed what many had previously speculated about China’s banking system: namely that much of China’s staggering loan issuance had been built (literally) upon air and that billions (or trillions) in loan collateral had been “rehypothecated” between two, three or many more debtors – or never even existed – forcing banks to accept that they would never recover much if any of the pledged collateral – in most cases various commodities – if the economy were to suffer a hard-landing resulting in mass defaults. The most famous example involved collateral fraud at China’s 3rd largest port, Qingdao, where numerous borrowers were found to have “pledged” the same collateral of steel and copper to obtain funding from various banks.
So how extensive is the problem?
At risk of spoiling the surprise, what has been going on in China, either in conventional asset-backed lending, as well as among the more esoteric, complex commodity-funded deals, which we discussed extensively in the early part of 2013 is nothing less than pure fraud: in some cases, collateral that has been pledged simply doesn’t exist. In others, it disappears as borrowers in financial distress sell the assets. There are also instances in which the same collateral has been pledged to multiple lenders, i.e. rehypothecated. “One lawyer said he discovered that the same pile of steel was used to secure loans from 10 different lenders” Reuters reports.
And while China was able to brush off its “ghost collateral” problems three years ago when it still had substantial debt incurrence capacity, and debt/GDP was about 100% lower, now that it is becoming increasingly difficult to keep the Ponzi scheme – by definition – running, especially with the recent crackdown on shadow banking, the pervasive collateral problems are about to become a huge headache for Beijing again: with the mainland facing its slowest growth in over a quarter of a century, defaults are mounting as borrowers struggle to repay their loans.
It’s long been known that China’s economy is built, to some extent, on smoke and mirrors (even more so than our own economy). But it looks like it might be smoke and mirrors all the way down…
There’s been some confusion over the phrase “Did you hear what happened in the Philippines?”, as the answer to that question varies depending on which incident you’re talking about. One is jihad-related, the other not.
The gunman who went on a deadly rampage at a metro Manila gaming complex was a Filipino gambling addict who had been recently barred from the country’s casinos, Philippine police said.
On Sunday, police identified Jessie Carlos as the assailant in an early Friday gun-and-arson attack at Resorts World Manila that left at least 36 casino guests and employees dead of suffocation from smoke.
Philippine President Rodrigo Duterte said Saturday the tragedy didn’t resemble a terrorist attack by Islamic State, which has claimed the gunman was one of its fighters. Militants allied with Islamic State have been fighting Philippine troops in the country’s south for nearly two weeks, leaving more than 100 people dead. Also Saturday, dramatic security video footage of the attack was released to the public.
Manila Police Chief Oscar Albayalde, who spoke to the media Sunday alongside Mr. Carlos’s family at a hotel next to the casino, said the attacker had a gambling addiction and was deep in debt.
Police said the government-owned Philippine Amusement and Gaming Corporation banned Mr. Carlos from casinos in April at the request of Mr. Carlos’s family. Mr. Carlos, who was in his early 40s, was a father of three who lived with his wife in Manila, police said.
“This could have probably triggered him,” Mr. Albayalde said, describing Mr. Carlos as a high roller who typically played with a minimum bet of 40,000 Philippine pesos ($808). Mr. Albayalde said Mr. Carlos had been addicted to gambling for several years and had sold property to try to settle his debts.
Saudi Arabia broke diplomatic relations and all land sea and air contacts with fellow Gulf Arab state Qatar on Monday, saying the move was necessary to protect the kingdom from what it described as terrorism and extremism.
The United Arab Emirates, Bahrain and Egypt also cut ties with Qatar on Monday.
Crude and natural gas prices jumped after the news with global benchmark Brent up 1.42 percent to $50.66 a barrel and U.S. West Texas Intermediate up 1.45 percent to $48.35 a barrel. U.S. natural gas prices quoted at the U.S. Henry Hub jumped 1.37 percent to $3.040 per million British thermal units.
Saudi Arabia’s official state news agency, citing an official source, said the kingdom had decided to sever diplomatic and consular relations with Qatar “proceeding from the exercise of its sovereign right guaranteed by international law and the protection of national security from the dangers of terrorism and extremism”.
Saudi Arabia cut all land air and sea contacts with Qatar “and urges all brotherly countries and companies to do the same.”
It’s long been an open secret that wealthy Qataris were the primary financial backers of the Islamic State. By contrast, Saudi Arabia, Bahrain, UAE and Egypt are all U.S. military allies.
Could the harder line against Qatar be a side effect of President Trump’s recent trip to the Middle East? Maybe. Trump has set about fixings Obama’s foreign policy mistakes, and the Islamic State and the asinine Iran Deal are two of the biggest. And maybe a businessman like Trump thinks the easiest way to cramp the Islamic State’s style is to cut off their sugar daddy.
If you’ve been following the Hillary Comeback Tour, you might have noticed that she has an ever-expanding list of reasons why she lost the 2016 Presidential race:
Funny how none of those cover her own corruption, incompetence and dishonesty.
President Donald Trump also pulled out of the Paris Agreement on Climate Change. You know, the one that was so anti-American Obama never bothered to even submit it to the Senate, sure in the knowledge they’d reject it. Naturally, liberals freaked out over the end of something that never actually had the force of law, much like they freaked out over the rollback of tranny bathrooms, another Obama “law” imposed entirely by judicial fiat. “My acts of executive fiat are sacred and immutable, yours are crimes against democracy.” Liberals seem to regard Climate Change Treaties not as something subject to cost/benefit analysis and the checks-and-balances of Constitutional law, but as Holy Writ, the failure of which to heed irreparably stains America’s soul.
A leading young Democrat and de Blasio administration employee has a secret taste for sickening kiddie porn that involves baby girls as young as 6 months old, court papers revealed Friday.
Jacob Schwartz, 29, was busted for allegedly keeping more than 3,000 disgusting images and 89 videos on a laptop after downloading the filth from the internet.
The illegal smut shows “young nude females between the approximate ages of 6 months and 16, engaging in sexual conduct… on an adult male,” court papers say.
Obama is the one who imposed what we might deem — in appropriately Maoist parlance — the “Three Authoritarianisms.” They were the Paris climate accord, the Iran deal, and US intelligence agencies being used to surveil American citizens.
All three of these “authoritarianisms” were entirely ex-Constitutional. The first two were in essence treaties on which Congress (and by extension the American people) never got to vote or, for that matter, discuss in any serious way. The Paris accord probably would have failed. As for the Iran deal, we still don’t know the full contents and therefore debating it is somewhat moot. We have, however, seen its consequences — corpses littered all across Syria, not to mention untold millions of refugees.
“Nothing that an Islamic terrorist can do will ever shake the left-wing commitment to open borders—not mass sexual assaults, not the deliberate slaughter of gays, and not, as in Manchester last week, the killing of young girls. The real threat that radical Islam poses to feminism and gay rights must be disregarded in order to transform the West by Third World immigration.”
“A federal grand jury has indicted 35 [St. Louis] store owners on federal conspiracy charges for trafficking contraband cigarettes, distributing controlled substances and money laundering.” The charges seem on the weak side to me, but see if you can notice a pattern in the names indicted… (Hat tip: Director Blue.)
“The Atomic Bomb Considered As Hungarian High School Science Fair Project.” Why so many math geniuses born in Budapest between 1890 and 1920? Simple: A high concentration of Jews. “In general Jews born in Europe after 1920 didn’t have a great life expectancy.”
Evergreen State College in Washington State remains shut down after a particularly virulent outbreak of Social Justice Warrior rage. It’s been hard to keep up with all the Stupid on display there…
A few heartland Democrats are trying to un-Pelosi the party. Good luck with that, but I suspect any variance from the Official Party Line on abortion, tranny bathrooms or illegal aliens will meet with swift punishment from the SJW faction controlling the levers of power in the party. (Hat tip: Director Blue.)
Jim Goad takes a stroll through the latest leftist “math is racist” garbage. “In the only way we know how to quantify such things—by scores on math tests, duh!—it would appear that if math is indeed ‘racist,’ it is biased strongly against non-Asians.” (Hat tip: Director Blue.)
The Dallas Court of Appeals has ordered Judge George Gallagher removed from the case and all orders he has issued since granting a motion to transfer venue vacated.
In April, Gallagher granted a motion to transfer venue in the case from Collin County to Harris County, the backyard of the three criminal defense attorneys who were appointed as special prosecutors in the case. The motion to transfer venue was legally baseless and centered on the prosecutors’ complaints about criticism they have received on social media. The decision to grant the motion followed months of bad rulings from Gallagher in which he had turned a blind eye to abuses of the grand jury process by the special prosecutors.
When Gallagher granted the motion to transfer venue, Paxton’s defense team immediately informed him that they would not consent to him continuing to preside over the case and cited to the Code of Criminal Procedure, which requires the consent of the defendant before a judge can continue on a case after venue is transferred.
Uber and Lyft are back running in Austin following Governor Greg Abbott signing a bill creating statewide ride-sharing rules superseding Austin’s draconian version.
New York Times offers buyouts to editors…and eliminates the “public editor.” But don’t worry; rumor has it that they left the Trump Conspiracy Theory Unit intact… (Hat tip: Dwight.)
Kathy Griffin fired from CNN’s New Year’s Eve duties for holding up severed Trump head prop. And just when she was cultivating that “Eldritch Undead Lich” look Dick Clark sported in his final years…
