Posts Tagged ‘UN’

LinkSwarm For February 2, 2024

Friday, February 2nd, 2024

Let’s get this out of the way:

Tons of Fani Willis’ crooked shenanigans come to light, Ukraine bags another warship, all those things they said the vaccine wouldn’t do it’s doing, and an anger management therapist who was very poor at his job. It’s the Friday LinkSwarm!

  • If you were wondering why Fulton County DA (and Trump prosecutor) Fani WIllis was so eager to bump uglies with married lover Nathan Wade, it turns out that his business partners bankrolled her campaign, and she gave them lucrative contracts.

    Business partners of District Attorney Fani Willis’ alleged lover Nathan Wade, whom she appointed to work on the case against former President Donald Trump, made donations to her campaign before receiving lucrative contracts from her office.

    Terrence Bradley, Wade’s former partner, and Christopher Campbell, his current partner, have collectively contributed more than $5,000 to Willis’ campaign, contribution disclosure reports show. Moreover, both men have each raked in tens of thousands of dollars from contracts with the district attorney’s office, according to county records.

    Campbell is a partner at Wade & Campbell Firm, where he works with Wade. Bradley formerly worked with Wade at Wade, Bradley & Campbell Firm, and also represented Wade in his divorce case until Sept. 2022.

    The donations add another wrinkle to Willis’ already-scrutinized relationship with Wade.

    Willis was accused in a motion earlier this month by Trump co-defendant Michael Roman of benefiting from the “lucrative” contract she awarded Wade when he took her on vacations using money earned from the position. Wade filed to divorce his wife on Nov. 2, 2021, the day after his contract with the district attorney’s office began, and has earned nearly $700,000 from the Fulton County District Attorney’s office since his appointment.

    Quid Pro, meet Quo. (Hat tip: Instapundit.)

  • More Willis shenanigans: “DA Fani Willis fired a whistleblower who informed her about the intentional misuse of federal funds and there’s audio of their conversation.”

  • If you’re having trouble keeping track of all Fani Willis’ lawbreaking, here’s a timeline.
  • Old and Busted: “If you don’t vote for me, you ain’t black!” The new hotness: Black voters just aren’t into Biden.

    Resident Biden appears to be in serious trouble with black voters ahead of the 2024 election, and black lawmakers and organizers are starting to panic.

    “What I’m hearing in my district is how ‘Bidenomics’ hasn’t really hit them in the pocket,” New York representative Jamaal Bowman told National Review earlier this week on the steps of the U.S. Capitol. “I need him in the barbershops. I need him on the basketball courts. I need him talking to the hip-hop community. I need him talking to the sports and athletics community to really get at what is troubling black men.”

    Polling suggests Bowman is right to be concerned. Just 50 percent of black adults said they approve of Biden in a national AP-NORC poll last month — a 36-point drop from July 2021. An October Siena College/New York Times poll found that 22 percent of black voters surveyed in six competitive presidential battlegrounds say they will vote for Trump over Biden in 2024, a stunning polling shift from a reliably Democratic coalition that helped Biden win the White House in 2020. That same survey found Trump’s numbers were even higher among black men.

    In the 40 years he’s spent in political activism, National Black Farmers Association president John Boyd Jr. says the Biden administration has done worse than any other administration in his lifetime in opening its doors to black voters. That lack of outreach, Boyd warns, may come back to bite him in November.

    Wait, black people like jobs and safe neighborhoods and dislike inflation and illegal aliens sucking up welfare benefits? Who knew?

  • “U.N. Agency for Palestinians Discloses Involvement of Employees in October 7 Attack.”

    The U.N.’s agency for Palestinians said that it fired several employees after receiving information from Israel showing that they had taken part in the October 7 terrorist attacks. The State Department indicated that twelve U.N. employees allegedly took part in the attacks and announced that it had temporarily paused funding for the agency while it reviews the situation.

    The U.N. Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) delivers aid to Palestinians across Gaza, the West Bank, Jordan, Syria, and Lebanon. The U.S. is UNRWA’s largest donor, providing $343 million of its budget in 2022.

    In a statement Friday morning, UNRWA commissioner general Philippe Lazzarini disclosed that Israel had presented his agency with evidence of its employees’ involvement in Hamas’s massacre of Israelis.

    “To protect the Agency’s ability to deliver humanitarian assistance, I have taken the decision to immediately terminate the contracts of these staff members and launch an investigation in order to establish the truth without delay. Any UNRWA employee who was involved in acts of terror will be held accountable, including through criminal prosecution,” he said.

    Sure they will. The question is why the United States ever funded UNRWA, since the funds seem to go straight into rockets and murder tunnels to kill Israeli civilians with?

    The Trump administration cut off all funding to UNRWA in 2018, saying that the U.S. shoulders a disproportionate share of its budget. Blinken resumed funding to UNRWA three years later, pledging that the U.S. would seek reforms to the organization.

    Oh. That’s why…

  • They continue to play games with the job numbers.
  • It’s not just Fani Willis. “DOJ Opens Criminal Probe into Cori Bush for Allegedly Funneling Campaign Funds to Husband.”
  • Austin news via Libs of Ticktock:

    (Hat tip: Ace of Spades HQ.)

  • Ohio senate overrides the Governor’s veto of bill banning child genital mutilation and males playing female sports. Good.
  • Japan is not having America’s woke nonsense.
  • UPS is laying off 12,000 workers. You know, because of how strong that Biden economy is…
  • Mail is screwed up in Missouri City, Texas (southwest of Houston) because a new sorting machine didn’t fit in the building.
  • You know all those crazy “fringe” “conspiracy theories” about the Flu Manchu vaccine? Yeah, about that.

    We found the number of myocarditis reports in VAERS after COVID-19 vaccination in 2021 was 223 times higher than the average of all vaccines combined for the past 30 years. This represented a 2500% increase in the absolute number of reports in the first year of the campaign when comparing historical values prior to 2021.

  • Ukraine bags another Russian warship, in this case the Tarantul-class corvette Ivanovets.
  • “Starbucks Employee Opposed to Unionization Sues to Declare National Labor Relations Board Unconstitutional.” “The National Labor Relations Board should not be a union boss-friendly kangaroo court run by powerful bureaucrats who exercise unaccountable power in violation of the Constitution.” This is another post-Chevron lawsuit that has the potential to completely dismantle the administrative state.
  • Language on Texas 2021’s Proposition 2 declared illegal.

    Proposition 2 allowed counties to create transportation reinvestment zones (TRZs), a power they did not previously have. According to the Texas Department of Transportation, a TRZ is a kind of tax increment financing district where a “zone is created, a base year is established, and the incremental increase in property tax revenue collected inside the zone is used to finance a project in the zone.”

    The proposition did not include language about the use of increased ad valorem taxes to pay bonds or notes issued by the county in the TRZ district. A similar measure in 2011 that included such language was voted down.

  • “Anger management therapist loses his temper and murders a homeless man.” To be fair, the transient did try to fark with his dogs…
  • Woman with Master’s degree finds out that her trade school husband has quadrupling her salary with no debt.

  • Disney losses lawsuit against Ron DeSantis over Reedy Improvement District.
  • Media site called The Messenger blew through $50 million and closed down in less than a year. No, I never heard of it either…
  • George Carlin’s estate sues makers of AI Carlin.
  • “Texas Finds Loophole With New ‘Super Ouchy Pokey Wire.'”
  • “Tragic Report Reveals Thousands of Journalists Still Have Not Been Laid Off.”
  • I think he likes to swim…

    (Hat tip: Ace of Spades HQ.)

  • LinkSwarm For November 10, 2023

    Friday, November 10th, 2023

    Republicans subpoena Biden Crime Family members, Israel is handily kicking Hamas’ ass in Gaza, Jezebel goes down in flames, and The Marvels looks to be doing as badly as everyone expected. It’s the Friday LinkSwarm!

  • House GOP subpoenas Hunter Biden alongside suite of Biden family members.”

    Hunter Biden and his uncle James Biden have been subpoenaed Wednesday by the House Oversight Committee, which took the remarkable step of seeking depositions from family members of President Biden amid its impeachment inquiry.

    As part of the request, the committee asked for James Biden’s wife, Sarah Biden, as well as Hunter Biden’s wife, Melissa Cohen, to sit for transcribed interviews. The panel also asks for interviews with Hallie Biden, the widow of Beau Biden, and her sister Elizabeth Secundy.

    The subpoenas come weeks after the Oversight Committee demanded both Hunter and James Biden’s personal bank records, and also include a subpoena for Hunter Biden’s former business partner Rob Walker.

    The panel is also requesting to speak with Tony Bobulinski, whom Hunter Biden’s attorney have accused of lying to the FBI.

    The release from House Oversight Chair James Comer (R-Ky.) said he “plans to send additional subpoenas and transcribed interview requests later this week.”

    If James Biden is a potential felony suspect (which he is), I doubt the House can compel his wife to testify.

  • “Hunter Biden Wants To Sic Daddy’s DOJ On Whisteblower Biz Partner.” Of course he does.
    

  • Despite the expert opinions of all those expert commentators, Israel appears to be handily kicking Hamas’ ass.

    The IDF’s tactical success so far in its nearly two-week-old ground incursion into Gaza – cutting the north from the south and entering Gaza City with limited troop casualties – has surprised some observers. There have been 32 Israeli troops killed during the incursion, according to The Times of Israel, which is far fewer than anticipated. The IDF said it is killing fighters and destroying scores of tunnel shafts and other Hamas infrastructure during its advance that has reached the Mediterranean Sea coast. Still, the mounting casualty toll and displacement of civilians remains a grave cause for concern as outrage grows and calls for a ceasefire increase.

    Snip.

    While good analysis of any major news story should not accept on face value any claims by the participants, it most certainly must not accept the claims of a source known to lie. And yet, the mainstream press and the experts it has relied on have accepted and continue to accept what Hamas tells them, with no skepticism, to the point that several media sources (Reuters, CNN, AP, and the New York Times) allowed themselves to be used by Hamas as propaganda outlets. Their blind passion to get the story combined with their willingness to repeatedly accept the words of an organization not only known to repeatedly lie but to rape, torture, and slaughter women, children, and babies caused them to misread the situation badly.

    Others might not be so kind, and will instead say this poor analysis was because many of these news organizations and the experts they relied on have taken sides. They see Hamas as the good guy and victim, and Israel as the bad guy and oppressor. Thus, their analysis is warped because they assume Israel is lying and Hamas is telling them the truth.

    This conclusion is certainly possible with some news organizations and some experts, but it is a mistake to rely on it entirely. For example, many of the military experts quoted in the articles above were from Israel itself. Yet they too were fooled, and thought Hamas was stronger than it is.

    Muslim fanaticism and Jew-hatred are poor substitutes for planning, training, doctrine and logistics.

  • West Virginia Democratic Senator Joe Manchin will not run for reelection. That’s pretty much a lock for Republicans to flip next year in a state that went for Trump over Biden by 49 points in 2020.
  • If the 2024 Presidential election were held today, Trump would win over 300 electoral votes. “Five out of six swing states that Joe Biden won in 2020 show Trump winning well outside the margin of error.” Usual poll caveats apply.
  • UNRWA Staffers, Teachers Celebrated Hamas Massacre of Israeli Civilians.” Of course they did.
  • Five Nordic nations agree to share flights deporting illegal aliens. (Hat tip: Ace of Spades HQ.)
  • “Pennsylvania voting machines shut down after displaying flipped votes for judges in Northampton County.” This looks more like a bug than a felony, as votes between candidates were swapped, not simply switched from a Democrat to a Republican.
  • Former Soros-backed Baltimore State Attorney Marilyn Mosby convicted on purjury charges.
  • Green Charter Township, Michigan board: “Here, have a Chinese battery company.” Voters: “Here, have a pink slip.” All of them were voted out.

  • Leftwing rage monkey Cenk Uygur thinks he’s running for President, despite being constitutionally ineligible.
  • WeWork files for bankruptcy. I thought there might have been a pre-Flu Manchu use case for making a profitable business of co-working spaces, but even that wasn’t possible for WeWork, since they lease rather than own all their space. This means they’re just a middleman in an economy that increasingly eliminates middlemen, and there’s nothing special about their model that actual landlords can’t do better.
  • Feminist blog Jezebel shutting down after failing to find buyer.”

    There aren’t enough Nelsons in the world… (Hat tip: Ed Driscoll at Instapundit.)

  • Speaking of Nelson-worthy news: Fake meat company Beyond Meat is laying off workers. Seems like Vegetarianism is a luxury good people will are willing to go without in the Biden Recession. (Hat tip: Stephen Green at Instapundit.)
  • “Right now, The Marvels is tracking to have one of the lowest openings in the entire MCU, with just around $60 million. To put that into perspective, Captain Marvel opened with $153.4 million in 2019.”
  • Oh, and as you might imagine, Critical Drinker is not impressed. “People aren’t even angry anymore, they just don’t care. The original Captain Marvel was a divisive movie that inspired debate and controversy, but this one falls victim to a far more Insidious problem: absolute apathy. This really is how the MCU dies, not with a bang, but with a whimper.”
  • Speaking of the Drinker, he referenced this extensive Variety piece on MCU troubles. There’s a lot to chew on here, including how the Blade reboot “morphed into a narrative led by women and filled with life lessons.” (I’m guessing the Variety stylebook forbids using the word “woke.”) But the most interesting bit was the disasterous incompetence surrounding the She-Hulk TV series:

    But some internal sources suggest [Victoria] Alonso was a scapegoat and point to the “She-Hulk” VFX issues as a symptom of a deeper rot — namely a lack of oversight on script development. In the original arc of “She-Hulk,” a flashback of star Tatiana Maslany’s transformation into her Hulk character didn’t take place until Episode 8, the penultimate episode. But after Marvel’s brain trust watched footage, it realized the scene needed to happen in the pilot episode so that audiences could see more of the character’s backstory early. That meant that the VFX team was tasked with fixing the mess in postproduction.

    “The so-called bad VFX we see was because of half-baked scripts,” says one person involved with “She-Hulk.” “That is not Victoria. That is Kevin. And even above Kevin. Those issues should be addressed in preproduction. The timeline is not allowing the Marvel executives to sit with the material.”

    All the while, Marvel was bleeding money, with a single episode of “She-Hulk” costing some $25 million, dwarfing the budget of a final-season episode of HBO’s “Game of Thrones, ” but without a similar Zeitgeist bang. The August 2022 series premiere at the El Capitan Theatre foreshadowed what was to come six months later at the “Quantumania” bow: the “She-Hulk” special effects were out of focus in multiple scenes.

  • Important safety tip: If you’re choosing a victim to rob at knife-point, try not to pick an Ex-MMA fighter.
  • Tentative agreement reached in actor’s strike.
  • Here Lies Love, David Byrne and Fatboy Slim’s disco musical about Imelda Marcos will be closing on Broadway. The first sign the production was in trouble: It was a disco musical about Imelda Marcos. (Hat tip: Dwight.)
  • “Researchers Discover Miracle Cure For Gender Dysphoria Called ‘Deleting TikTok.'”
  • I don’t mean to cause no fuss/But can I ride your doggy bus?

    (Hat tip: Ace of Spades HQ.)

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





    The Battle of Juba: When China Got Its Ass Kicked

    Thursday, July 6th, 2023

    Peacekeeping missions in Africa have a way of humbling proud nations, like America in Mogadishu or Ireland in Jadotville. But while American and irish troops actually acquitted themselves well in their respective engagements, the same can’t be said for Chinese troops in the Battle of Juba, in South Sudan, in July of 2016.

    The short summary is that two sides in the civil war had set up bases on either side of a UN refugee camp, and when fighting broke out, woefully unprepared Chinese peacekeeping troops got their asses kicked.

    Takeaways:

  • “Both sides fielded artillery and tank units. Chinese peacekeepers, of course, had neither.”
  • “Heavily outnumbered and outgunned, the Chinese soldiers couldn’t have asked for worse battlefield conditions.”
  • “The United Nations Camp perimeter was lightly protected by Hesco barriers, which are filled with sand instead of concrete walls.”
  • “The guard towers were wooden shacks instead of concrete pillboxes. They had no bullet resistant glass or reinforced sandbags, no concrete mortar protection zones that you would typically want on a base like this. The entrance gate was a flimsy metal fence instead of a heavy metal block gate. The main defense was barbed wire fences.”
  • “This place was not set up to prevent a heavy assault.”
  • Then the two forces started attack each other.
  • “The government army forces and the rebel forces rampaged through the city. They did not observe any rules of engagement, attacking hospitals and non-combatants.”
  • Some 1,400 rebel troops “looted shops, hospitals and aid stations.”
  • “Both sides were shooting at each other through the refugee camp.”
  • “Wooden UN guard towers came under heavy machine gun fire. This forced the Chinese peacekeepers to leave and take cover.”
  • “Hundreds of bullets rockets and artillery [shells] peppered the perimeter. The Chinese U.N forces retreated deeper into the compound and clustered around the few armored personnel carriers they had. This is when an enemy rocket-propelled grenade struck their APC. It killed two Chinese soldiers and wounded six others.”
  • “Enemy militiamen then looted one of the aid warehouses. They stole $30 million worth of United Nations goods. This was enough food to feed over 200,000 people for a month in the famine stricken nation.”
  • “Chinese-led UN peacekeepers were pinned down inside the compound, and unable to effectively return fire with the weapons and vehicles they had at their disposal. They were unable to prevent militia forces on the streets from going house to house hunting people down and committing
    unspeakable acts just outside the camp.”

  • Some individual Chinese forces did better, rallying and retrieving the weapons they had abandoned, and preventing forces from storming the center of the compound.
  • 272 confirmed casualties day one, 20 of which were under Chinese protection.
  • Reports said “UN leadership had directly ordered Chinese and Ethiopian battalions to leave the base and act as a quick response force They were supposed to go out, leave the gate, and set up a perimeter, but they refused to go.”
  • “Major General Patrick Cameron, in charge of the United Nations investigation, wrote a damning report on the Chinese soldiers…he cites an overall lack of leadership preparedness and international integration.”
  • “In the past four decades, Chinese soldiers have had basically zero combat experience, so it’s interesting to see that one of the major findings from the report is that they’re very risk-adverse. They don’t have the experience of what it takes to put your life on the line.”
  • Chinese retort that UN weapons and equipment suck. That’s probably true as well.
  • Chinese soldiers didn’t even know the rules of engagement.
  • “Orders were flat out ignored by Chinese soldiers because they came from a different source than they were used to. They weren’t flexible.”
  • “There was also evidence of a lack of basic medical training and Hazevac procedures” among the Chinese soldiers.
  • The two deaths made Chinese soldiers even more risk adverse.
  • Supposedly China implemented reforms after the dismal showing, but throughout history, China’s military has looked remarkably ineffective in fighting against theoretically smaller foes.

    LinkSwarm for October 7, 2022

    Friday, October 7th, 2022

    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.

  • The UN is demanding that central banks forget everything everyone learned about inflation in the 1970s and institute price controls instead of raising interest rates.

    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.
    

  • Speaking of the UN, they think they own science.
  • Ukraine troops are using spoofed tracking systems and deception to infiltrate Russian lines. (Hat tip: .357 Magnum.)
  • “NYT ‘Right Wing Conspiracy Theory’ Comes True In Less Than 24 Hours.”

    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’ Democrat mayor wants you to know that laws are for the little people.

    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.

    (Hat tip: Ed Driscoll at Instapundit.)

  • “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.”
  • Instapundit Glenn Reynolds: “Biden hates Republicans so much, he would rather give oil money to Venezuela and Saudi Arabia than Texas.”
  • Related: “Politico reports that Democrats are ‘seething’ about the decision by OPEC+ to cut oil production by 2 million barrels per day.”

    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.

  • Possibility: Nortstream2 explosion could have just happened because Russians suck at maintenance.

    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.

    How-some-ever … hydrate plugs.

    (Hat tip: Sarah Hoyt at Instapundit.)

  • “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!
  • “Vermont High School Girls Volleyball Team Banned From Locker Room For Objecting To Changing With Biological Male.”
  • “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…
  • “Meta ordered to pay $175M for copying Green Beret veteran’s app.”
  • Chris Cuomo loses to Paw Patrol. (Hat tip: Dwight.)
  • 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).
  • Dispatches from Sad Trombonia: “$1.5 Million Floating Home Prototype Sinks Into The Water Just As It’s Unveiled.”
  • Epic basketball player name.
  • Petting a dog can be good for your brain.” Agrees:

    (Hat tip: Stephen Green at Instapundit.)

  • LinkSwarm for July 23, 2020

    Friday, July 24th, 2020

    Guns are flying off the shelf, India isn’t rolling over for China’s aggression, and things just keep mysteriously blowing up in Iran. Welcome to another Friday LinkSwarm!

  • 66% of Americans polled oppose cutting police funding. (Hat tip: Ed Driscoll at Instapundit.)
  • The data is in: Using Hydroxychloroquine significantly cuts the death rate from the Wuhan coronavirus.
  • California is Number One…in Wuhan Coronavirus cases. (Hat tip: Instapundit.)
  • Meanwhile, case in the Texas Medical Center in Houston are going down. (Hat tip: Holly Hansen.)
  • Scenes from the credibility gap:

  • “New Data Suggests Coronavirus Lockdowns Didn’t Work.”
  • Gun sales are up big. “A record 10.3 million firearms were purchased in the first half of 2020, according to NSSF’s adjusted NICS data. They report, ‘The highest overall firearm sales increase comes from Black men and women who show a 58.2 percent increase in purchases during the first six months of 2020 versus the same period last year.'” Makes sense, since they disproportionately live in Democrat-controlled cities where they’ve let rioters, arsonists and looters run rampant…
  • “Trump Task Force to Dismantle MS-13 Takes Down Gang’s Key Leaders.”

    Thanks to Barack Obama’s open border policies, MS-13 was energized with new recruits provided by a steady flow of illegal immigrant minors. When the Obama administration started welcoming a barrage of Unaccompanied Alien Children (UAC) in 2014, Homeland Security sources told Judicial Watch that the nation’s most violent street gangs—including MS-13 and the 18th Street gang—were actively recruiting new members at U.S. shelters housing the minors. The Texas Department of Public Safety subsequently confirmed that the MS-13 is a top tier gang thanks to the influx of illegal alien gang members that crossed into the state under Obama’s disastrous program, which saw over 60,000 illegal immigrants—many with criminal histories—storm into the U.S. in a matter of months. Tens of thousands more have entered since then.

    Snip.

    The cases announced this week include an indictment against a high-ranking MS-13 operative, Melgar Diaz, in Virginia. Diaz is charged with conspiring to provide material support to terrorists, conspiring to kill or maim persons overseas, conspiring to commit acts of terrorism transcending national boundaries, conspiring to finance terrorism, and; conspiring to engage in narco-terrorism, in addition to racketeering conspiracy and drug trafficking. In another case eight MS-13 members were indicted in New York for committing six murders, two attempted murders, kidnapping, narcotics felonies and related firearms offenses. In Nevada 13 MS-13 gang bangers, including leaders of the “Hollywood Locos” clique and “Los Angeles Program” were charged with multiple counts of narcotics distribution and weapons crimes. The task force is also responsible for the indictment in New York of Alexi Saenz, an MS-13 leader accused of committing seven murders, including two high school students with a machete and baseball bat. “MS-13 is a violent transnational criminal organization, whose criminal activities respect no boundaries,” said [Joint Task Force Vulcan (JTFV) director John Durham]. “The only way to defeat MS-13 is by targeting the organization as a whole, focusing on the leadership structure, and deploying a whole-of-government approach against a common enemy.”

  • Why capitalism succeeds and communism fails. They simply can’t steal quickly enough from capitalist societies to catch up, in China now just as in the late Soviet Union.
  • The coming India-China conflict:

    China may be a powerful adversary to India, but its bluffs can be called. And that is what India has done in the last two weeks, making a host of decisions that, seen in the perspective of the stand-off with China, represent its resolve and constitute a sustained effort on several fronts — military, diplomatic, economic, social — to make China pay.

    Previously, India had never taken sides with or against China on the Hong Kong protests. But this time around, it took a strong stand on the passage of the new security law, which is an attempt to stifle the city’s pro-democracy movement.

    It has also blocked Chinese firms from investing in India under the free FDA route, taken several initiatives to force a global probe into the source and origin of COVID-19, and, as mentioned above, banned a host of Chinese apps.

    That’s not all. India’s railways ministry has canceled a signals and telecom contract with a Chinese company for a mammoth freight corridor project in Uttar Pradesh. Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) have decided to exclude Chinese firms from providing telecom equipment and cancelled their plans for upgrading 4G services. The roads department has announced that no highway projects will be awarded to China. The power ministry is looking to curtail imports from adversarial nations, including China. The move is aimed also at reducing the ability of adversarial nations to cripple India’s power infrastructure through cyber attacks.

    Several Indian states have followed up on the national government’s moves. A push to deny a Chinese firm, Shanghai Tunnel Engineering Co Ltd, a contract for the construction of a critical section of the Delhi-Meerut RRTS corridor, is ongoing. The state of Maharashtra is on the verge of cancelling three agreements with Chinese firms. It includes an agreement with China’s Great Wall Motors (GWM) to set up an automobile plant near Pune and produce electric vehicles there. However, the state is going ahead with nine other agreements signed with the U.S., Singapore, and South Korea, indicating to China what’s to come.

  • Things just keep mysteriously blowing up in Iran:

    First, it was forest fires.

    Then a missile factory.

    Next was a heavily fortified, highly restricted, underground nuclear enrichment facility. Then power stations, a port, a health clinic and a petrochemical plant.

    For weeks, things have been blowing up or catching fire in Iran.

    The two most significant incidents were a June 26 explosion at Khojir, near Tehran — a liquid fuel production site for the country’s missile program — and more recently, a blast deep underground at the Natanz nuclear facility on July 2.

  • NYPD clears out Occupy City Hall camp.
  • Social Justice Warriors go after hard scientists for opposing their bullshit.
  • Red Bull decides that they don’t want to go broke, refuses to get woke. “Red Bull has fired two ‘diversity directors’ who tried to force the company into virtue signaling about Black Lives Matter while also dissolving several ‘culture teams’ who were pressuring Red Bull to take a more aggressive ‘woke’ political stance.” Good for them.
  • “Tom Cotton Aims to Defund Schools That Indoctrinate Kids With NYT’s ‘1619 Project.'” (Hat tip: Stephen Green at Instapundit.)
  • Obama Fired an Inspector General to Cover Up a Sex Scandal.”

    Gerald Walpin had been investigating Sacramento Mayor Kevin Johnson, a former NBA basketball star and Obama supporter, for misusing federal grant money from AmeriCorps. The program was created by the National and Community Service Trust Act of 1993 and grew to over 80,000 members. Program participants received benefits such as student loan deferment, living allowances, health benefits, career opportunities and training, and so forth. The program has done some good but has also been plagued by waste and corruption.

    He found that Johnson gave $850,000 of AmeriCorps grant money to a nonprofit organization he founded called St. HOPE Academy. In addition to being improperly used to pay AmeriCorps volunteers for political activity, to wash his car, and to run his personal errands, Walpin also discovered that Johnson had used AmeriCorps grant money to pay hush money to underage girls, who were students at St. HOPE Academy, that he had sexually assaulted and then staged a cover-up.

    Walpin called for Johnson to be criminally prosecuted. Instead, Johnson was able to get a sweetheart deal avoiding prosecution if he paid back the money. This deal was approved by Alan Solomont, a major Democratic fundraiser who was also the chairman of the Corporation for National and Community Service (CNCS).

    Walpin was furious about the deal and made it known, prompting his illegal firing. Following the firing, the Obama White House waged a smear campaign against Walpin, making bogus allegations that he appeared “confused, disoriented and unable to answer questions,” and exhibited “behavior that led the [CNCS] board to question his capacity to serve.”

  • Alan Dershowitz has some thoughts.
    • If there were no police, if the police were defunded, wealthy people would hire private security guards, but the people who cannot afford private guards need to have a well‑funded police force. I am in favor of extra funding for the police. Give them better training. Teach them how to subdue people without using lethal force.
    • The problem with the UN is not that it passes too many resolutions, but too few. It never attacks its favorite countries. It applies a double standard of injustice. It has devoted more time to condemning Israel than all the other countries of the world combined. Let us see what it says about recent reports concerning murders in Iran of gay people, for instance the recent murder of a 14‑year‑old by her father as an honor killing. Let us see what it says about so many of the violations of human rights around the world. Well, do not hold your breath. It will say nothing. It will focus only on Israel and the United States. There is a case to be made for the United States withdrawing and defunding…

    Plus some observations on recent Social Justice Warrior/Cancel Culture issues. Not in agreement with everything (he opposed elected judges), but worth reading. (Hat tip: Director Blue.)

  • “NBA to Close Training Camp in China in Area Where Muslim Concentration Camps are Located.”
  • Thank science and capitalism for eliminating hunger:

    During the height of the coronavirus lockdown, with a substantial portion of the world’s population in quarantine and the global economy sliding toward a deep economic recession, most of us still ate our fill every evening. We should rejoice in this miracle. Hunger, which has accompanied humanity from our beginnings, has practically disappeared. Isolated cases of malnutrition—but not of famine—remain, due to local conflict and extreme forms of poverty, themselves on their way to remission.

    Since 1970, world population has doubled—but food production has tripled. In 1970, India was known as “the famine continent,” and the economic literature was uniformly pessimist, an echo of the writings of Thomas Malthus, who proclaimed 170 years earlier an inevitable contradiction between demographic growth and agricultural growth. Humanity escapes this proclaimed fate, thanks to science and commerce—the two foundations of progress, including agricultural progress.

    Snip.

    What saved us from famine was the 1970s Green Revolution: a combination of species selection, hybridization, and the application of farming techniques such as irrigation and fertilization. When these techniques were applied to wheat and rice, average yields tripled, especially in India, China, Vietnam, and Indonesia. The leaders of this revolution, which we do not celebrate enough, were two agronomists: Norman Borlaug, a Texan who transformed wheat cultivation in his laboratory near Mexico City; and M. S. Swaminathan, an Indian from Chennai who applied Borlaug’s method to rice in a laboratory near Manila. Borlaug received the Nobel Peace Prize in 1970 (Swaminathan was overlooked). Never was the Nobel Peace Prize more deserved—or so soon forgotten.

    Progress is seldom, if ever, unanimously welcomed. Activist groups in India and the United States have blamed Borlaug and the Green Revolution for creating new inequalities. It’s true that all Indian peasants were equally poor and hungry before the Green Revolution. Those who applied Borlaug’s recommendations became more prosperous than those who stuck to the old methods. It’s easy to achieve equality when there is nothing to distribute; leftists seem to prefer scarcity to plenty if plenty implies unequal portions. The same people who condemned the Green Revolution now oppose GMOs. Their ancestors, in the early nineteenth century, justified destroying new textile machines using the same arguments. Science progresses; ideologies spin their wheels.

  • Kanye West explains why he’s against abortion. Man says a lot of wacky things, but he sounds truly sincere about this and his faith.
  • NPR Radio Ratings Collapse As Pandemic Ends Listeners’ Commutes.”

    (Hat tip: Ace of Spades HQ.)

  • Citadel Securities was frontrunning bloc trades from Robinhood.
  • “Arizona child welfare workers fired for wearing ‘professional kidnapper‘ shirts.” Yeah, that was a really bad decision on their part.
  • “UT-Austin faces a third lawsuit claiming that white students were unfairly denied admission under affirmative action.” If UT wanted to avoid these in the future, maybe they could stop discriminating on the basis of race.
  • Small engine maker Briggs & Stratton declares bankruptcy. The very last paragraph mentions seeking a new deal from United Steelworkers of America. (Hat tip: ASM826 at Borepatch.)
  • James Lileks goes to town on that stupid “Classical music is white supremacy” essay.
  • Breathe…breathe in the air….
  • The B-17 that landed without a tail.
  • Chicago Mayor Hires Gangs To Spell Out ‘Trump Is Bad’ With Bullet Holes.”
  • “Federal ‘Secret Police’ Disguise Selves As Rioters So Democrat Mayors Will Let Them Do Whatever They Want.”
  • Related:

  • Brief Thoughts on John Bolton’s Departure

    Wednesday, September 11th, 2019

    President Donald Trump asked for National Security Advisor John Bolton’s resignation. While Bolton was too interventionist for my tastes, I liked having him in the Trump Administration:

  • Whatever his faults, he actually understood foreign policy challenges like few in D.C.
  • Every administration needs heterodox thinks among its ranks to avoid complacency.
  • Having Bolton as National Security Advisor no doubt scared countries like Iran and Syria to no end, making them easier to negotiate with and keep in line.
  • In many ways, UN Ambassador (the role Bolton held on an interim basis under Bush43) was the perfect role for him, allowing him to call BS on rogue regimes without enabling his interventionist inclinations. But Bolton doesn’t seem to have learned several important lessons from aftermath of the Iraqi war, namely that the Middle East is a horrible place to install democracy, that the aftermaths of regime change tend to take far longer and cost far more (in lives and treasure) than the regime change itself, and there are no U.S. military accomplishments there which cannot be undone by the feckless policies of a Democratic presidency.

    As far as maintaining U.S. troops in Afghanistan, the issue over which Bolton was reportedly fired, there are no good options, but the default (staying in and losing) is probably the worst of all. Unfortunately, without a willingness to directly confront nuclear-armed Pakistan, whose Inter-Services Intelligence is running and funding the Taliban, there’s no solution that doesn’t involve America eventually leaving in defeat.

    Kofi Annan, RIP

    Saturday, August 18th, 2018

    There’s the usual outpouring of posthumous accolades now that former UN Secretary General Kofi Annan has died at age 80. I know we’re supposed to be all de mortuis nihil nisi bonum, but in truth the best I can say about him is that, like the organization he served, he wasn’t completely useless. Annan never stopped a war, never prevented a rogue nation from obtaining nuclear weapons, and could never prevent UN peacekeepers from raping the locals. If you had a treaty whose outlines were 90% complete, he could get you the last 10% of the way, and if you wanted a dignified member of the bureaucratic chattering classes to make ritual condemnations of evils they had no intention of doing anything to end, he was your guy. These days the UN exists mostly to keep transnational diplomatic elites in caviar and denounce Israel. He was not the worst UN Secretary General, and was not the worst man to receive the Nobel Peace Prize.

    UN: Hey, Let’s Inspect This Entirely Peaceful Site Hit By Missiles. Syria: Die In A Fire

    Tuesday, April 17th, 2018

    Syria has sworn up and down that missiles from the United States, the UK and France only hit peaceful sites of toys for crippled orphans a baby milk factory a cancer research center (no really, that’s their story this time) rather than a chemical weapons facility.

    So naturally, they would have no problem with UN inspector’s visiting the site, right?

    We all know exactly how that movie turned out:

    The international chemical weapons watchdog that sent a fact-finding team to Syria said Monday that Syrian and Russian officials blocked efforts to reach the site where rebels claim government forces unleashed chemical weapons against civilians.

    The Organization for the Prohibition of Chemical Weapons (OPCW) said the team arrived in Damascus on Saturday and met with government officials to work out a plan for deployment to Douma.

    The Syrian and the Russian officials informed the team that “pending security issues” needed to be worked out before the group went to Douma, the organization’s director general, Ahmet Üzümcü, told an emergency meeting of the group’s executive council in The Hague, Netherlands.

    Of.

    Course.

    Some other Syria strike news:

  • Hezbollah says that “Syrian air defenses had intercepted three missiles aimed at Dumair military airport north east of Damascus.”
  • ZeroHedge is reporting that Israel just hit Syrian sites near Homs. Not seeing any confirmation right now.
  • Speaking of ZeroHedge reports on Israel strikes against Syria, they also reported another Israeli airstrike two days ago I haven’t seen other confirming reports of. “I know what you’re thinking, punk. Did I hit Syria six times, or only five? In all this excitement, I sort of lost track myself…”
  • In fact, this New Yorker piece asserts that Israel has launched more than a hundred trikes in Syria since the civil war began.

    Israel has hit a wide range of sites, including convoys of Hezbollah or Iranian fighters near the Golan, trucks ferrying missiles and rockets destined for Hezbollah en route to Lebanon, bases for Iranian drones, and an Iranian command-and-control center.

    “We are facing now a determined decision by Iran to take advantage of the vacuum in Syria, the coming victory of Assad, and the defeat of ISIS to extend Hezbollah’s stand in Lebanon at the expense of Syrian territory, especially in the Golan Heights,” Amos Gilead, a retired Israeli major general who now heads the Institute for Policy and Strategy in Herzliya, told me. “This is a strategic threat. It’s an intolerable plan. We are trying to preëmpt them and protect Israel.”

  • Israel confirmed it hit Syria on April 9, as previously reported.
  • French President Emmanuel Macron says he convinced President Donald Trump to join in on strikes against Syria. France wants to initiate military action in the Middle East about as often as Henry Youngman’s wife wants to have sex. (She died in 1987, so: Not often!) But France has a continuing relationship with both Syria and Lebanon, having administered the French Mandate for Syria and Lebanon between 1923 and 1946. France still has extremely close relations with Lebanon, and has been royally pissed with Assad’s consistent meddling there, especially the assassination of Rafiq Hariri.
  • Brexit Update for July 5, 2016

    Tuesday, July 5th, 2016

    While the reverberations from the Brexit vote are still being heard, here are a few interesting pieces you might have missed:

  • Nigel Farage resigns as head of UKIP. Hey, he fulfilled his victory conditions! What else has he got left to prove?
  • The elites still haven’t gotten over their defeat:

    As several commentators, from Megan McArdle in The Atlantic to Rupert Darwall in National Review, have noticed, many liberal journalists, representing elites throughout the advanced world, have reacted with indignation to the fact that 52 percent of U.K. voters (many without degrees) have rejected the EU system of supranational government of which the elites approve. Naturally, these journalistic spokesmen argue, the common people could not possibly have good reasons for such an act of multinational vandalism. So they must be inspired by, er, racism, xenophobia, fear of globalization, and related other thought-crimes.

    That account doubtless condenses and oversimplifies the elites’ response to the Brexit shock, which is just one small skirmish in a new class war in advanced societies between geographically mobile, liberal, skilled, high-earning professionals and more rooted, communitarian, particularist, and patriotic citizens (or what British journalist David Goodhart calls “nowhere” people and “somewhere” people). “Nowhere” people simply didn’t grasp the outlook of “somewhere people” in the referendum, not seeing that many decent people who voted for Brexit had such respectable anxieties as loss of community or, one step up, the transformation of their country as motives for casting their votes. So the elites thought the worst. They were still making the same mistake in their television and columnar explanations of the result on Friday morning. But what was remarkable was the Darwall-McArdle thesis that in other countries the elites reacted to the Brexit shock as if personally or spiritually affronted in their own lives. Alarmed, they asked: Why weren’t we told that they might vote for Brexit?

    It’s a hard question to answer.

    One aspect of it, however, is ideologically fascinating. Among the central arguments of those favoring Brexit was that the Brussels system was dangerously undemocratic and that British voters and MPs had lost the power to propose, amend, or repeal failed or oppressive laws. This was a passionate concern among English people who had grown up in a self-governing democracy, who may have fought for it in wars, and who simply couldn’t understand why the loss of their democratic rights didn’t worry their opponents. Yet again and again liberal journalists treated this passionate belief as either abstract or a cover for more primitive emotions and bigotries. Democracy as such was rarely given weight in Remain or liberal debates on the cost/benefit analysis of Brexit. They treat multinational political institutions as such unalloyed goods that it would be impolite to raise questions about such defects as a democratic deficit. Has the knowledge class/meritocracy/cognitive elite/nowhere people/etc., etc. developed not only an intellectual snobbery towards the rest of society, but even an impatient, dismissive contempt for democracy that cannot be openly avowed but that does influence its other political attitudes?

  • “Bigotry! Nativism! Racism! That’s what elites in Britain, Europe and here have been howling, explanations for why 52 percent of a higher-than-general-election turnout of British voters voted for their nation to leave the European Union. But there is plenty of bigotry, condescension and snobbery in the accusations and the people making them. And it’s incoherent to claim, as some do, that it’s undemocratic for voters to decide. That amounts to saying that ordinary people should be content to be ruled by their betters.” (Hat tip: Director Blue.)
  • “I think it’s shocking and appalling to assume because I voted to leave the EU that I’m racist.”
  • Even countries that aren’t contemplating leaving the EU (like France) are demanding changes to EU policies…and threatening to simply stop obeying them. There’s also this tidbit: “Italy’s banks are saddled with 360 billion euros ($401.18 billion) in bad loans.”
  • More on the same subject. “In Italy, 17% of banks’ loans are sour. That is nearly 10 times the level in the U.S., where, even at the worst of the 2008-09 financial crisis, it was only 5%. Among publicly traded banks in the eurozone, Italian lenders account for nearly half of total bad loans.”
  • If the UK can leave the EU. why can’t we leave the UN?
  • London Banker Bonuses Set to Shrivel as Brexit Hits Dealmaking.” My heart bleeds…
  • And what is the UK leaving behind? “EU bans claim that water can prevent dehydration.” Finally someone with the guts to stand up to Big Dihydrogen Monoxide! (Hat tip: Daddy Warpig’s Twitter feed.)