Posts Tagged ‘China’

LinkSwarm For April 12, 2024

Friday, April 12th, 2024

It’s been a week of petty frustrations, with simple things like paying for online transactions made impossible by websites that send out the wrong information despite the right information being on file. Speaking of frustration, Americans continue to be battered by high inflation, blacks continue to abandon Biden, and it turns out that the Pope might, just might, be Catholic after all.

  • Core inflation is up yet again.

    A hotter-than-expected consumer price index report rattled Wall Street Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading.

    Along with the overall inflation measure, economists also look at the core CPI, which excludes volatile food and energy prices, to find the true trend. The supercore gauge, which also excludes shelter and rent costs from its services reading, takes it even a step further. Fed officials say it is useful in the current climate as they see elevated housing inflation as a temporary problem and not as good a measure of underlying prices.

    Supercore accelerated to a 4.8% pace year over year in March, the highest in 11 months.

    Tom Fitzpatrick, managing director of global market insights at R.J. O’Brien & Associates, said if you take the readings of the last three months and annualize them, you’re looking at a supercore inflation rate of more than 8%, far from the Federal Reserve’s 2% goal.

    (Hat tip: Stephen Green at Instapundit.)

  • Speaking of inflation, welcome to $7 Tree.
  • Black voters continue to abandon Biden in droves.

    According to a Wall Street Journal Swing State Poll, blacks, especially black males are abandoning Biden in huge numbers.

    While most Black men said they intend to support Biden, some 30% of them in the poll said they were either definitely or probably going to vote for the former Republican president. There isn’t comparable WSJ swing-state polling from 2020, but Trump received votes from 12% of Black men nationwide that year, as recorded by AP VoteCast, a large poll of the electorate.

    That’s an 18 percentage point swing, minimum, for black males, if the national results and the swing state voting is similar.

    By confirmed, I mean those who said they intended to vote for Trump.

    The gap is even larger if we factor in undecided voters. Biden is down by a massive 30 percentage points vs 2020.

  • Biden may not be on the ballot for the Ohio general election because the Democratic National Convention falls too late to certify him.
  • Pope turns out to be Catholic, comes out against child genital mutilation.
  • “Nebraska state Sen. Mike McDonnell announces that he’s switching from Democrat to Republican.”
  • Country musician Jason Aldean refuses to let Biden campaign use hit song “Fly Over States.”
  • Good: A teacher helping her son with homework. Bad: A teacher helping her son force female students into sex trafficking. “Klein Cain High School cosmetology teacher Kedria McMath Grigsby is accused of helping her son, Roger Magee, force the troubled teens into prostitution.”
  • Man driving eighteen-wheeler interntionally crashes into DPS office in Brenham, killing one.
  • Hard evidence that temperature data is being manipulated to show global warming.

    Investigative science writer Paul Homewood last year discovered considerable tampering in 2022 with the recent CET record. He initially found that in version one, the summer of 1995 had been 0.1°C warmer than 2018. In version 2, the two years swapped places with 1995 cooled by 0.07°C and 2018 warmed by 0.13°C. Alerted to these changes, Homewood then analysed the full record from version 1 to 2, and the graph below shows what he found.

    As can be seen, the adjustments up to 1970 are small with ups and downs offsetting each other. Homewood then found that the years from 1970 to 2003 had been cooled markedly, followed by significant rises to 2022. Homewood concludes that “unfortunately it is part of a much wider tampering with temperature globally – and the tampering is always one way, cooling the past and heating the present”. Given that we now know that the Met Office has been using class 4 statistics for two thirds of its database since 2006, the recent higher adjustments would seem to call for clarifying explanations from the state-funded Met Office.

    (Hat tip: Boreptach.)

  • Ukrainian drone attack hits radar site 650km inside Russia.
  • Speaking of drones, China is supplying tens of thousands of drones…to Ukraine. I did not see that coming, but China certainly can use the money.
  • Texas Lt. Governor Dan Patrick lays out his legislative priorities for 2025.

    Lt. Gov. Dan Patrick has announced his interim charges for the Senate, a set of 57 issues he is calling on Senate Committees to investigate and research ahead of the legislative session next year.

    The list of charges runs the gamut of issues conservatives have called on the legislature to address, including property tax relief, protecting Texas land from hostile foreign ownership, and strengthening laws preventing electioneering by school districts and other political subdivisions.

    Some of the biggest reform proposals, however, have been reserved for higher education.

    Patrick has asked the Higher Education Subcommittee to study and make recommendations regarding the role of ‘faculty senates’, antisemitism on college campuses, as well as to review the implementation of a new state law banning DEI (Diversity, Equity, and Inclusion) in state universities that went into effect earlier this year.

    “The Senate’s work to study the list of charges will begin in the coming weeks and months. Following completion of hearings, committees will submit reports with their specific findings and policy recommendations before December 1, 2024,” said Patrick.

  • When you think Houston Democratic Congresswoman Shelia Jackson Lee has already said the stupidest thing she possibly can, she goes out and proves you wrong.
  • I know you’re shocked, shocked to find out that gun-grabbing opportunist David Hogg’s political group Leaders We Deserve spent way more on administration than backing candidates.
  • Thanks to New York City’s idiotic rent control laws, not only would a hotel guest refuse to pay rent or leave, but a court actually ruled that he was the owner of the hotel.
  • First class stamps are going up to 73 cents. Thanks, Joe Biden.
  • If the commies running Vietnam accuse someone of a crime, I don’t automatically trust them, but Truong My Lan may actually be guilty.

    Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country’s largest banks over a period of 11 years.

    It’s a rare verdict – she is one of very few women in Vietnam to be sentenced to death for a white collar crime.

    The decision is a reflection of the dizzying scale of the fraud. Truong My Lan was convicted of taking out $44bn (£35bn) in loans from the Saigon Commercial Bank. The verdict requires her to return $27bn, a sum prosecutors said may never be recovered. Some believe the death penalty is the court’s way of trying to encourage her to return some of the missing billions.

    The habitually secretive communist authorities were uncharacteristically forthright about this case, going into minute detail for the media. They said 2,700 people were summoned to testify, while 10 state prosecutors and around 200 lawyers were involved.

    The evidence was in 104 boxes weighing a total of six tonnes. Eighty-five others were tried with Truong My Lan, who denied the charges and can appeal.

    All of the defendants were found guilty. Four received life in jail. The rest were given prison terms ranging from 20 years to three years suspended. Truong My Lan’s husband and niece received jail terms of nine and 17 years respectively.

    Snip.

    By 2011, Truong My Lan was a well-known business figure in Ho Chi Minh City, and she was allowed to arrange the merger of three smaller, cash-strapped banks into a larger entity: Saigon Commercial Bank.

    Vietnamese law prohibits any individual from holding more than 5% of the shares in any bank. But prosecutors say that through hundreds of shell companies and people acting as her proxies, Truong My Lan actually owned more than 90% of Saigon Commercial.

    They accused her of using that power to appoint her own people as managers, and then ordering them to approve hundreds of loans to the network of shell companies she controlled.

    The amounts taken out are staggering. Her loans made up 93% of all the bank’s lending.

    According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.

    That much cash, even if all of it was in Vietnam’s largest denomination banknotes, would weigh two tonnes.

    Yeah, none of that seems kosher…

  • Memorial Hermann Hospital: No liver transplant for you!
  • How CD sales and rock music both collapsed in the early 21st century.
  • A very interesting O.J. Simpson story:

    (Hat tip: Commenter Kirk.)

  • Strange news from Russia: Chechnya has banned music that’s slower than 80 beats per minute, or faster than 116 beats per minute. Both the Russian and Chechen national anthems are slower than that…
  • “John Tinniswood of Southport, UK is now the world’s oldest man.
  • How a programmer managed to rip off casinos for years. It helped that he worked for the Nevada Gaming Control Board…
  • “New ‘Biden Diet‘ Sweeps Nation: Pay The Same Amount Of Money But Eat 50% Less Food.”
  • Vatican Reluctantly Sides With God On Gender Theory.
  • Adorable prison break.
  • Hit the tip jar if you’re so inclined.





    China’s Roving Death Vans

    Sunday, March 3rd, 2024

    The more we find out about Communist China, the more there is to loath, despite all the globalist happy talk about a “flat” world where we could export manufacturing to China for lower costs without any negative consequence. Today’s example: A government propaganda video bragging about their mobile death vans.

  • “This is one of those times where I wish genuinely that I hadn’t found something. I just discovered something absolutely horrid.”
  • “These cars just show up and execute you.”
  • They used to have public executions in arenas. They haven’t done away with that (or shooting you on the side of the road and burying you in a ditch), but the death vans are considered more “efficient.”
  • “How [the government video] is framed, it’s like how would you be executed, this is going to happen to you. You’re supposed to enter this POV, this is from your perspective, how are you going to be taken out by the government?”
  • They make a point of how much more humane lethal injection is. “Look how nice we are!”
  • They talk about how much cheaper a mobile execution van is than a fixed execution center. “This is really good! It’s a cost-saving method when we need to go murder all those people!”
  • “China, even per capita, executes more people every year than every single country combined. And that’s just the people that they count…every year, China is executing thousands and thousands of people.”
  • One estimate has 8,000 people per year executed in China. (And that’s just the ones we have some evidence for. “Some people just get disappeared.”) By contrast, there were 18 death row inmates executed in the U.S. in 2022.
  • “It’s really grim and also very dystopian, the fact that when you’re strapped down and laying there, you’re looking up at the Communist Party of China’s insignia and right above that is a security camera.”
  • Remember: China has nothing like our legal system or the rule of law. They have a 99.9% conviction rate.
  • There’s a long list of crimes you can receive the death penalty for, including owning a gun or using a VPN. “If somebody wants you gone, you could get the death penalty for really anything.”
  • And the government video talks about the process of the lethal injection shutting down your organs.
  • Matthew Tye, the covering the video, lived in China for a decade. This is “how human life is treated on a political level in China…I think this gives you a perspective on how hard Chinese citizens have it.”

    China’s Abandoned Levittown McMansions

    Thursday, February 22nd, 2024

    Another dispatch from one of China’s ghost city developments, but this one with a twist: All the homes were theoretically designed for rich people, but I’m having a hard time figuring out why they would want them.

  • More than 100 uncompleted McMansions sit in Shenyang City some 400 miles northeast of Beijing.
  • They were “built by Greenland Group, one of the more than 50 housing developers that have defaulted on their debt in recent years.”
  • “Construction in 2010 but came to a halt a few years later.”
  • I know that China is a very different country indeed, but I can’t figure out why the developers thought that these McMasions, all made on the same floorplan and jowl by jowl next to each other on pretty small plots of land, would be appealing to the wealthy in the first place. They houses themselves are big and stylish enough in the 19th century French style they were aping, but the rich want land, space and differentiation, not to live between two houses exactly like their own on a small plot of land.

    Yet another example of China’s inexplicable, wasteful policies…

    Chinese Border Invasion In Progress?

    Monday, February 19th, 2024

    Back in December, Texas Governor Greg Abbott warned about an “invasion” of Chinese nationals at the border.

    Gov. Greg Abbott is highlighting recent numbers from U.S. Customs and Border Protection that show a record-breaking number of Chinese nationals encountered at the southwest border.

    According to the latest numbers released, border patrol agents encountered 4,261 Chinese nationals in October—a massive increase from the 430 encounters in October 2022.

    The increase in illegal aliens attempting to cross the southwest border has caused Texas Gov. Greg Abbott to take several measures to secure Texas’ southern border.

    Abbott spoke to Fox News, explaining how the crisis at the southern border has become an “existential threat” to the United States.

    It is extraordinarily dangerous because, first of all, as you point out, we have people from China coming here. We also have people on the known terrorist watch list who are coming across the border. And so there’s extraordinary dangers, calls to our country by Biden’s open border policies. And obviously, Biden is doing nothing about it. And that’s why Texas has to step up and apprehend as many of these people as possible to make sure that they’re not posing a threat to our country.

    Abbott’s not the only one. On Joe Rogan’s podcast, Bret Weinstein talked about traveling to Panama to see illegal alien migration problem firsthand, and came away with some disturbing information.

  • “There is a migration of Chinese immigrants that looks different, feels different, and is being housed in a totally separate way in Darien for reasons that are not in any way obvious.”
  • “Now I don’t know exactly what to make of that. I have hypotheses there are no more than that. But the Chinese migration is not forthcoming about why it is migrating. It is composed mostly of young military-aged men. There are some women present, but it’s not 50/50 by far.”
  • “The international community has arranged separate encampments. The Chinese are in many cases traveling a separate way across the Darien Gap. They’re skipping some of the worst parts of it traveling by boat.”
  • “When asked where they’re from, where they’re going, why they’re going, they are uninterested in talking. There’s a hostility to it that I found shocking.”
  • “[If they] didn’t like the way things were in China, they feared their government, they thought that there was economic opportunity, they would be curious about Americans. These are soon to be their countrymen. They would tend to be interested in talking. And even if they, for some reason, because they had lived under a totalitarian regime, felt that they couldn’t talk, they wouldn’t be broadcasting hostility, they would be ambivalent or something.”
  • “That is not the impression that they leave when interacting with them, so I found that utterly alarming.”
  • “I wonder if the [larger migration] is a cloak for this other migration from China, which is nothing if not mysterious. Why are they letting it happen? Why do you think the government is allowing the border to be so porous, and why are they resisting when Texas tries to do something about it?”
  • “Before I went to to Panama, I thought there was a migration of people. Now I think there are two. One of them’s clearly a migration, and the other one could well be an invasion.”
  • “The belief amongst many who have been on the story of the migration for years now is that this is a ploy to create voters, Democratic voters, and I don’t think that’s impossible. I think that’s probably playing a role.”
  • He also brings up the possibility some of have floated to trade military service for citizenship as a way to lessen the army’s resistance to illegal orders. “If you wanted a force that was capable of acting on behalf of tyranny against Americans, then a force that doesn’t have a deep history with the rights of being an American, that doesn’t have a long-standing allegiance to people within the country, that force would be potentially more compliant.”
  • Pre-Flu Manchu, all this would have seemed like paranoid conspiracy theories. But after the lockdowns, the Antifa riots, and the continued government insistence that the warm yellow substance they were distributing on our pants was rain, I have to admit the idea is a lot more plausible than I would have previously considered. And until the social justice warriors ran amok at Evergreen College, Weinstein considered himself a Democrat.

    Someone is importing Chinese national illegal aliens into the United States, for some reason. The only question is who and why.

    China’s Fake Log Princesses

    Thursday, February 15th, 2024

    Some of the Chinese news/videos because they’re important. But this story I’m putting up because it’s so ridiculous.

    There’s evidently a genre of China’s video of pretty women in rural China carrying massive logs.

    I know you’ll be shocked, shocked to find out there aren’t really lots of attractive women in rural China wearing makeup and carrying heavy logs around. Naturally, the logs are hollow or made of balsa. Naturally, they’re scamming poor simps (including some in the west) out of sympathy money.

    The one the girls struggling through the mud in her old fashioned revolutionary clothing is particularly risible.

    I wonder what American internet fads are inexplicable to the Chinese. Maybe they’re completely baffled by Hammurabi memes or Rickrolls…

    Thanks for the Memeories…

    LinkSwarm For February 9, 2024

    Friday, February 9th, 2024

    The Senate’s bad border deal goes down badly, Big Brother is (still) watching you, Netanyahu tells everyone calling for a Gaza ceasefire to stick it in their murder tunnels, more Democrats arrested for (or convicted of) fraud, and a tiny bit of Disney news. It’s the Friday LinkSwarm!

  • Republicans took one look at the abomination of a “bipartisan” border deal and declared it dead on arrival.

    In a key vote on Wednesday, Senate Republicans moved to block the long-anticipated bipartisan border deal, which ties border-security provisions to aid for both Israel and Ukraine.

    The bill was blocked in a 49 to 50 procedural vote, with only four Republicans joining Democrats in backing the legislation. The bill needed 60 votes to advance.

    This setback comes after months of negotiations between Senate Republicans and Democrats on a measure President Joe Biden strongly requested. While the GOP wants more resources allocated toward the southern border, House Republicans and former president Donald Trump have made it clear they don’t want the legislation tied to foreign aid.

    Hours after the bill’s details were revealed Sunday night, House GOP leaders rejected the package and declared it “DEAD on arrival in the House.”

    Trump, who has made the border crisis a central issue of his 2024 presidential campaign, also weighed in on the border deal earlier this week. “Don’t be STUPID!!! We need a separate Border and Immigration Bill. It should not be tied to foreign aid in any way, shape, or form!” Trump posted on Truth Social.

    Before the Senate voted on the matter, Biden blamed Trump for Republicans’ fierce opposition to the bill.

    “Now, all indications are this bill won’t even move forward to the Senate floor,” Biden said Tuesday. “Why? A simple reason: Donald Trump.”

    Hey Biden, I’m already going to vote for Trump. You don’t need to keep giving me new reasons.

    The $118 billion Senate proposal includes about $60 billion in Ukraine funding, $14 billion in Israel aid, and $20 billion in border-security improvements, among various other items listed in the legislative package.

    Senators James Lankford of Oklahoma, Lisa Murkowski of Alaska, Susan Collins of Maine, and Mitt Romney of Utah were the only Republicans to vote in favor of the bill on Wednesday.

    Lankford should be ashamed to be in such company.

  • Texas isn’t taking the Biden Administrations abrogation of the rule of law lying down. “Texas Attorney General’s Legal Challenge to Biden Administration’s ‘Asylum Rule’ Will Proceed. A federal judge ruled Texas raised a plausible claim that the federal government is violating the Appointments Clause of the U.S. Constitution.”

    The Texas Office of the Attorney General (OAG) announced a procedural victory in one of its many ongoing lawsuits against the federal government this week, after a federal district judge ruled against a motion by the Department of Homeland Security (DHS) to dismiss a legal challenge to its “asylum rule,” saying Texas had a plausible constitutional challenge.

    According to the OAG, the federal government violated the Appointments Clause in the U.S. Constitution when the DHS granted power to review asylum cases to immigration officers — a power uniquely held under federal statute by immigration judges.

    “This case offers a rare opportunity to litigate the application of the Appointments Clause of the Constitution, which states that Congress may only vest the power to appoint “inferior Officers… in the President alone, the Courts of Law, or the Heads of Departments,” the OAG wrote in a press statement regarding the case.

    The office explained that by using asylum officers to perform jobs Congress assigned to judges when said officers were not appointed in the same manner, DHS violated the Constitution.

    The OAG also argues that asylum officers are granting more noncitizens asylum than otherwise would be entitled to it. This is causing surges at the border and population increases that are in turn increasing the state’s costs relating to the increases, the state says.

    “It is tremendously important for Texas and for our Constitutional order that this case is allowed to move forward,” Attorney General Ken Paxton said regarding the case. “The Biden Administration must not be permitted to ignore Congress and violate the Constitution. We take every opportunity to hold Biden accountable for his unlawful overreach.”

  • Know who else isn’t wild about Biden’s open borders? Border Patrol agents.

    Rank-and-file Border Patrol agents have slammed the Senate’s $118B Senate funding bill that would guarantee 1.5 million illegal migrants entry to the United States, while sending the majority of funds to Ukraine ($60B+) and Israel ($14.1B).

    Snip.

    “Now that I’ve seen more of it, they can respectfully go fuck themselves. The more I’m seeing the more it just puts what they’ve been doing in writing. You want to shut this down, it’s real easy. Team up [the Department of Defense] with DHS and let us enforce like we were supposed to,” one agent told the Caller, adding “I feel like we are the only nation in the world that is this dumb about the border. Maybe it’s because we haven’t.”

    Oh, and “Aliens from noncontiguous countries shall not be included in the sum of aliens encountered.” Did America’s enemies write this thing?

  • Ted Cruz had his own border security bill that wasn’t considered.

    Cruz went on to say he knew [the Biden border bill] “had zero chance of passage” and that the entire purpose of the bill was to give “political camouflage to Democrats running in November.”

    “Joe Biden can secure the border any day he wants,” Cruz said. “He doesn’t want to.”

    The Secure the Border Act, which passed in the lower chamber as as House Resolution (H.R.) 2, was introduced to the Senate by Cruz in September of 2023, a fact he highlighted Wednesday, saying to “give me Ukraine aid and H.R. 2 and I’ll vote for that.”

    H.R. 2 would have continued construction of the border wall, reinstated the “remain in Mexico” policy, and added border patrol agents and technology for both the southern and northern borders.

    “Democrats do not want to secure the border; they want this invasion,” Cruz continued. “The Americans who are dying as a result, they’re [Democrats] willing to look the other way.”

  • “Matt Taibbi Warns ‘Financial Big Brother Is Watching You.'”

    A few weeks ago, Ohio congressman and Judiciary Committee chairman Jim Jordan’s office released a letter to Noah Bishoff, the former director of the Financial Crimes Enforcement Network, or FinCEN, an arm of the Treasury Department. Jordan’s team was asking Bishoff for answers about why FinCEN had “distributed slides, prepared by a financial institution,” detailing how other private companies might use MCC transaction codes to “detect customers whose transactions may reflect ‘potential active shooters.’”

    The slide suggested the “financial company” was sorting for terms like “Trump” and “MAGA,” and watching for purchases of small arms and sporting goods, or purchases in places like pawn shops or Cabela’s, to identify financial threats.

    Jordan’s letter to Bishoff went on:

    According to this analysis, FinCEN warned financial institutions of “extremism” indicators that include “transportation charges, such as bus tickets, rental cars, or plane tickets, for travel to areas with no apparent purpose,” or “the purchase of books (including religious texts) and subscriptions to other media containing extremist views.”

    During the Twitter Files, we searched for snapshots of the company’s denylist algorithms, i.e. whatever rules the platform was using to deamplify or remove users. We knew they had them, because they were alluded to often in documents (a report on the denylist is_Russian, which included Jill Stein and Julian Assange, was one example).

    However, we never found anything like the snapshot Jordan’s team just published:

    The highlighted portion shows how algorithmic analysis works in financial surveillance.

    First compile a list of naughty behaviors, in the form of MCC codes for guns, sporting goods, and pawn shops.

    Then, create rules: $2,500 worth of transactions in the forbidden codes, or a number showing that more than 50% of the customer’s transactions are the wrong kind, might trigger a response.

    The Committee wasn’t able to specify what the responses were in this instance, but from previous experience covering anti-money-laundering (AML) techniques at banks like HSBC, a good guess would be generation of something like Suspcious Activity Reports, which can lead to a customer being debanked.

    If Facebook, Twitter, and Google have already shown a tendency toward wide-scale monitoring of speech and the use of subtle levers to apply pressure on attitudes, financial companies can use records of transactions to penetrate individual behaviors far more deeply. Especially if enhanced by AI, a financial history can give almost any institution an immediate, unpleasantly accurate outline of anyone’s life, habits, and secrets. Worse, they can couple that picture with a powerful disciplinary lever, in the form of the threat of closed accounts or reduced access to payment services or credit. Jordan’s slide is a picture of the birth of the political credit score.

    Tiabbi says worse revelations are to come…

  • “Netanyahu Rejects Hamas Cease-Fire Demands, Vows to Fight until ‘Absolute Victory.'”

    Israeli prime minister Benjamin Netanyahu rejected Hamas cease-fire demands on Wednesday, vowing to fight on until “absolute victory.”

    Netanyahu made the comments shortly after meeting with Secretary of State Antony Blinken, who arrived in the region Tuesday night after meeting with leaders of Qatar and Egypt in the most serious diplomatic push of the war to secure a cease-fire agreement. Through these diplomatic channels, Hamas presented Israel with a proposal for a three-stage cease-fire that would last for 135 days and culminate in the end of the war.

    “Surrendering to Hamas’s delusional demands that we heard now not only won’t lead to freeing the captives, it will just invite another massacre.”

    Indeed.

  • The Special Counsel’s report on Biden’s mishandling paints a picture of Biden’s mental decline we all know is true but which the media refuses to report.

    President Biden couldn’t even remember when he was vice president or when his son Beau had died, leading special counsel Robert Hur to conclude that he could not bring charges for mishandling of classified documents, because a jury would see the president “as a sympathetic, well-meaning, elderly man with a poor memory.”

    In a report, Robert Hur concluded that Biden “willfully retained and disclosed classified materials after his vice presidency when he was a private citizen.” But he declined to issue any charges, in part because Biden’s poor recollection would make him hard to convict.

  • If you want to see Fani Willis taken down only the way Ace of Spades can, then I direct your attention to “CashApp Cougar Fani Willis: Okay, Fine, So I Used Taxpayer Money to Hire a Human Meat-Mallet to Pound My Snizz Into Thin Tender Strips Like Veal Scallopini.” (Hat tip: Reader Tig if Brue.)
  • No less than 70 current and former employees of the New York City Housing Authority just caught federal charges for over $2 million in bribes. We call that “A good start.”
  • “ICE Operation Nabs a Dozen Illegal Aliens Convicted of Crimes Against Children.”
  • Radical, Soros-backed leftist Travis County DA has a primary opponent in Jeremy Sylestine.
  • “Former Houston Mayor Turner’s Senior Aide Sentenced Over Bribes Related to City Permits.”
  • Democratic Senator Chris Murphy of Connecticut admits that his favorite Americans aren’t Americans.
  • Open borders in the UK means giant lines for NHS dentists.
  • In order to push green graft, the Biden Administration has designated Martha’s Vineyard as “low income” so they can get EV subsidies.
  • The Austin City Council will vote on creating a giant slush fund for left-wing activists. Of course they’re calling it an “Environmental Investment Plan”…
  • Kentucky tranny gets no jail time for molesting a baby.
  • Pakistan had an election and both sides claim they won.
  • Is China exporting deflation to the world?
  • In China, 30 million WeChat accounts are shut down in a single day.
  • Did a “SIM swapping crew” steal $400 million from FTX the same day it declared bankruptcy? That timing seems…suspicious.
  • Members of the Austin American-Statesman took one look at the vast wave of layoffs hitting newsrooms across the country and decided “Now is the perfect time to go on strike!” (Note: Elon Musk should buy the name, fire everyone, and build a national quality newspaper from scratch.)
  • YouTube threatens Louis Rossmann and FUTO for violating the terms of service for the APIs they’re not using.
  • Microsoft Edge is stealing Chrome tabs.
  • Dell demands all workers (no matter how far away) return to the office. Those who don’t will be “placed on a ‘career limiting’ fully remote contract. In my experience, working for Dell is itself career limiting
  • Man shoots home invader…with a musket.

  • Disney is evidently moving all hand animation to other countries. “I feel like this is punishment for the Burbank studio for delivering a terrible movie [Wish].” More.
  • Disney makes $1.5 billion investment in Fortnite creator Epic Games. Fremium games are a very tricky space, and Fortnite has been around since 2017. There’s a strong possibility that Disney has bought high here.
  • Mojo Nixon, RIP.
  • Budget drag race community comes together to help fan with terminal brain tumor who’s also the happiest guy they know. “Don’t feel bad for me. Everyone’s terminal.”
  • Former Houston Texas receiver Andre Johnson finally assumes his rightful place in the NFL Hall of Fame.
  • Who do you think treats dogs better: Palestinians or Israelis?

    (Hat tip: Ace of Spades HQ.)

  • Hit the tip jar if you’re so inclined.





    Zeihan on Evergrande: 1.5 BILLION Unsold Condos?

    Tuesday, February 6th, 2024

    I haven’t been updating every twist and turn of the Evergrande collapse, but we’re going to look at it again because this Peter Zeihan video has a fairly staggering statistic. He asserts that there are 1.5 BILLION (with a B) unoccupied housing units in China. Even though we already knew about the ghost cities, that’s like an entire ghost nation for a China that was already headed down the economic crapper.

  • “A Hong Kong court has ruled that China’s largest property development group, Evergrande, is bankrupt and needs to be broken up. This is something that the Chinese government has spent a lot of effort on the last two years not happening.”
  • “There’s two big things that dominate the Chinese economy. The first is something I call hyperfinancialization: The idea that the government both de facto confiscates the savings of the citizen population so it can only go into projects funded by Chinese State Banks, as well as massively expanding the money supply to a tune of like almost triple what we have here in the United States.”
  • “It’s a public stability political control approach to finance. It’s not about profit, it’s about throughput, because throughput requires a lot of bodies.”
  • “Number one, you get companies like Evergrande, who gorge on all this bottomless supply of debt to build build, build, build, build, even if there’s no demand.”
  • “Second, you get a population who knows that their private savings is almost worthless, because the Chinese government is forcing them to keep it in the state banks, and they want to put it into a hard asset that preferably the state can’t control. And if they can’t get their money out of the country, then the next best thing is a hard asset in the country, which typically is property.”
  • “You have somewhere probably in the vicinity of 1.5 billion units in the country that have never been lived in, never will be lived in. So you’re talking about 100% overbuild, conservatively. Some estimates say it’s as high as three billion, which is just so far beyond stupid.”
  • This is such a huge number that I’m having trouble believing it. After all, 1.5 billion is more than at least once current estimate for the current total number of houses in Asia. Is there supporting evidence? Well, I found this.

    “How many vacant homes are there now? Each expert gives a very different number, with the most extreme believing the current number of vacant homes are enough for 3 billion people,” said He Keng, 81, a former deputy head of the statistics bureau.

    “That estimate might be a bit much, but 1.4 billion people probably can’t fill them,” He said at a forum in the southern Chinese city Dongguan, according to a video released by the official media China News Service.

    That’s people, not homes. Still, even if you cut it in half, to 750 million vacant condos, that’s a huge number. That’s the equivalent of 30 empty Shanghais.

    Back to Zeihan:

  • “Evergrande going down means that their debts aren’t going to be serviced anymore, and the physical assets they have are going to be parceled up and foreign investors are going to be coming in seeing what bits that they can get.” Any foreigners investing in Chinese real estate need their heads examined.
  • “These things are things that the Chinese Communist Party would not normally allow to happen, so there’s a couple ways that this can go, none of them are good.”
  • “Option number one is we follow a western style bankruptcy and restitution program where this system is broken up and a lot of their assets are sold at pennies, maybe dimes, on a dollar.”
  • “You can count on private citizens being up in arms. I mean, the best estimate I’ve seen out of China is at 70% of total private savings is wrapped up in real estate, and most of these assets are worth no more than 10 cents on the dollar.”
  • “You have a fire sale of the single largest player which controls one sixth of the market, holy shit, things are going to get real very, very, very quickly.”
  • “Option number two is that the Chinese step in and abrogate the Hong Kong ruling. Now legally this cannot happen, but the Chinese Communist party is not really big on legal details when it comes to Hong Kong in particular.”
  • “Then Evergrande goes on some sort of state drip and everything with the system just kind of limps on, with the understanding now that Hong Kong has no legal authority over its own holdings, which will start an exodus of what few international firms are still there.”
  • “Regardless how this goes, don’t expect anything in the market to get better.”
  • “Evergrande may be the biggest player in this market, but it is by far not the only one who’s been doing stupid things like this, building condos that have no demand or running it like a Ponzi scheme. Every development company in the country basically operates this this way, and the second and third largest players in the industry are state-owned.”
  • “Even if all of a sudden this place were run by a bunch of Austrian economists, it’s too late.” Because of the one-child policy, there simply aren’t enough people of home-buying age.”
  • “I don’t want to say anything overly dramatic as ‘This is where it all starts to fall apart,’ because we’ve had a lot of things like that go down in the last 18 months. But this cuts to the core of what enables the average [Chinese] citizen to actually support the government, and there’s no way we move forward from this without a lot of side damage.”
  • The Chinese economy is already sucking. If the housing oversupply is really as bad as Zeihan makes out, China is in for an economic upheaval that makes 1929 look like a mild case of the hiccups.

    Chinese Commies PianoGate: One Of Them Was A Spy

    Wednesday, January 31st, 2024

    This story just gets weirder and weirder.

    The Chinese commies freak out at being filmed story (and the follow-up) has a new twist that makes that helps explain the freakout: One of them was a known spy.

  • “Christine Lee she was named by the MI5 back in 2022 as an agent of influence…British Security Service issued an alert earlier this year stating that a UK-based lawyer had been engaged in political interference activities for the Chinese state.”
  • This marked a shift in approach “being taken against the security threat posed by China.”
  • “She has personally met with Xi Jinping back in Beijing.”
  • “This is a bunch of people in a conference room. This is called the political consultative conference. They invite a bunch of people living overseas back to China to get greeted by Xi Jinping for to thank them for their effort in conducting influence operations overseas.”
  • “It’s also possible that CH Lee doubles as somebody from one of the intelligence bureaus.”
  • “On the surface she’s a lawyer in the UK, and she is also a political influence campaign, specialist and also she could also be a secret agent doing something even worse.”
  • “The entire thing started because Christine Lee did not want her face to appear on camera, but she was not able to go up directly to confront Dr K [Brendan Kavanagh], being that she’s publicly known by the MI5 as an agent of influence.”
  • “I think Dr K needs to be aware that this was not just against a series of random CCP nationalists, he’s actually against a systematically planned out series of influence operations. And this, in my view,escalates the situation entirely. I think he should do something to protect himself, protect his family, and also be aware of who he dealing with. This is not a regular group of people.”
  • Meanwhile, the Chinese communists are threatening to sue Kavanagh for “defamation.”

    The story started out looking like it was just “Little Pinks” acting like assholes in another country, but the truth appears to be stranger and more sinister.