You may remember from all of nine days ago how lefty Peruvian President Pedro Castillo was removed from power after attempting his own autogolpe. Did that solve the political crisis?
Castillo, elected in 2021, was ousted by parliament last week after he tried to dissolve the legislature and stage a coup. This led to the ascension of his vice president, Dina Boluarte, also a Marxist, as president.
Alarmingly, she has come out against even using rubber bullets to stop the mobs torching buildings and disrupting Peru from Lima to Machu Picchu. According to the New York Times, Boluarte has called on the minister of interior to identify the policemen “who have used these weapons that are harming our sisters and brothers.”
These “brothers and sisters,” members of “indigenous” groups, unions, and other leftist activists, are instigated from outside through social media accounts based in the U.S., Argentina, Bolivia, and Mexico and include pro-China, pro-Russia, and pro-Iran activists. Some were also involved with our own Black Lives Matter summer of violence.
Joseph Humire of the Center for a Secure Free Society, one of the best analysts in the U.S. following this sort of online activity, gave me a rundown of those pushing on social media the disinformation narrative that Castillo was ousted because of racism against his Indian roots. They include former Bolivian President Evo Morales, Cristina Kirchner, the recently indicted vice president of Argentina, and Gustavo Petro and Andres Manuel Lopez Obrador, the Marxist presidents of Colombia and Mexico, respectively.
Similarly, Douglas Farah, who also conducts investigations on illicit networks, has found that the vast majority of the millions of tweets about the riots that broke out in Chile came from Venezuela and its allies, Cuba and Nicaragua, while most anti-riot tweets were Chilean. This shouldn’t come as a surprise: Venezuela’s regime has vowed that it will use its oil money to sow this type of chaos throughout the Americas.
Humire alerted me to influencers such as the pro-Russia activist Daniel Estulin, who actually brags in a video from Mexico that he is helping instigate the riots in Peru. Humire also reminded me that Andahuaylas, rocked by violent protests this week, is within the same region (Apurimac) where Iran has developed an indigenous network.
I would take the Iran charge with a grain of salt, since the Andes are not a region where disgruntled Shia provide an opportunity for Iran to create networks of followers. Plus I think the mullahs have other things on their mind right now.
The basic ingredients for stable prosperity are capitalism, democracy and the rule of law. Because all those limit Marxist Will to Power, leftwing rulers (in South America and elsewhere) seem to constantly be at war with all three.
Democrats being soft on criminals, pedophiles and common sense highlights this week’s LinkSwarm.
Man, there sure seems to be a lot of funny number counting going on in Philadelphia.
Regular readers are well aware that back in July, Zero Hedge first (long before it became a running theme among so-called “macro experts”) pointed out that a gaping 1+ million job differential had opened up between the closely-watched and market-impacting, if easily gamed and manipulated, Establishment Survey and the far more accurate if volatile, Household Survey – the two core components of the monthly non-farm payrolls report.
We first described this divergence in early July, when looking at the June payrolls data, we found that the gap between the Housing and Establishment Surveys had blown out to 1.5 million starting in March when “something snapped.” We described this in “Something Snaps In The US Labor Market: Full, Part-Time Workers Plunge As Multiple Jobholders Soar.”
Since then the difference only got worse, and culminated earlier this month when the gap between the Establishment and Household surveys for the November dataset nearly doubled to a whopping 2.7 million jobs, a bifurcation which we described in “Something Is Rigged: Unexplained, Record 2.7 Million Jobs Gap Emerges In Broken Payrolls Report.”
Snip.
We bring all this up again because late on Dec 13, the Philadelphia Fed published something shocking: as part of the regional Fed’s quarterly reassessment of payrolls in the form of an “early benchmark revision of state payroll employment”, the Philly Fed confirmed what we have been saying since July, namely that US payrolls are overstated by at least 1.1 million, and likely much more!
And the correction came after the midterms! What are the odds?
The Royal Bahamas Police Force took the failed financial tech entrepreneur into custody after the U.S. filed criminal charges against him, according to a press statement. FTX, which Bankman-Fried founded, imploded in November, costing investors millions of dollars in losses. The fallen businessman has been accused of misusing customer funds deposited with FTX to artificially prop up another one of his enterprises: a crypto hedge fund, Alameda Research, which he operated simultaneously while seemingly evading financial ethics scrutiny.
Speaking of abusing children: “Former CNN Producer Pleads Guilty In Pedo Scandal. Former CNN producer John Griffin, who worked ‘shoulder to shoulder’ with Chris Cuomo, pleaded guilty on Monday in federal court to using interstate commerce to entice and coerce a 9-year-old girl to engage in sexual activity as his Vermont ski house. This is a different CNN pedophile than Jake Tapper’s former producer, Rick Saleeby, who resigned after it emerged that he solicited sexually explicit photos of an underage girl.”
The mother of an 11-year-old rape victim is suing a George-Soros backed prosecutor in Virginia who let the boy’s rapist walk free, alleging the prosecutor’s actions violated the minor’s civil rights and made him fear for his physical safety.
Amber Reel in November filed the federal lawsuit on behalf of her son after Fairfax County commonwealth’s attorney Steve Descano (D.) let the rapist walk. Court filings show Descano was months late in sharing necessary evidence before a September trial, dooming the case and forcing his office to enter into a lesser plea deal with the rapist the same month. Ronnie Reel, who was released on time served, had faced life in prison for forcibly sodomizing the minor. Reel is the victim’s uncle.
This is the second high-profile case in the last month where the Soros prosecutor freed a dangerous offender. In December, Descano struck a plea deal that would clear the record of a man who fired his gun into a crowded Virginia bar. Soros donated more than half a million dollars to Descano’s 2019 campaign.
A grand jury had already indicted Reel in February for sodomy and aggravated sexual battery, and the case was set for trial in September. But Descano’s office didn’t share evidence with the public defender before trial, bungling Reel’s prosecution with its “woefully, woefully missed” deadlines. The case’s presiding judge said Descano’s office did a “disservice to the victim” and was “very concerning to the court.”
Because he dodged a felony sex crime conviction, Reel won’t have to register as a sex offender and won’t be barred from holding jobs in schools or other places that would put him near children. The victim and his mother in their suit say Descano’s “deliberate indifference represents egregious conduct that is shocking to the conscience.”
Speaking of pedophile friendly Democrats: “During the hearing before the House Oversight and Reform Committee, California [Democratic] Rep. Katie Porter asserted that the phrase “groomer” is a “lie” used to maliciously discriminate against LGBTQ+ people and make them appear to be a “threat.” “You know, this allegation of ‘groomer’ and ‘pedophile,’ it is alleging that a person is criminal somehow and engaged in criminal acts merely because of their gender identity, their sexual orientation, their gender identity.” Yes, if your “gender identity” is “I like to have sex with children,” then yes, you’re a pedophile, and if you tell elementary school children what sort of sex you have, then yes, you’re a groomer.
Former state Sen. Kirk Watson (D-Austin) will be the next mayor of Austin about two decades after he left that same office in the early aughts.
He defeated state Rep. Celia Israel (D-Austin) by a slim margin after finishing second in the general election. He’ll serve as mayor for the next two years before having to seek re-election in 2024 due to redistricting.
Watson lost Travis County, the city’s largest portion, by 17 votes while winning Williamson county by 881 and Hays County by 22. During the general and runoff races, he outspent Israel by a wide margin.
The two candidates sparred over housing and homeless policy during the general election and the runoff. About one-third of the voting population turned out to vote in the runoff versus the November 8 general.
Watson will take over for Mayor Steve Adler after his self-described “disruptive” tenure marked by a lingering homelessness problem, public fallout and a declining relationship with the police department, and a cumbersome and increasingly costly light rail transit project.
The United States has always had kind of a friends and family plan that it sells military gear to, but it has always reserved the very top top top stuff for itself and the Brits. Well, in this calendar year we have already seen the first two exceptions to that policy being made. The United States is sending air-launch cruise missiles and nuclear-powered submarines to the Australians. And now we’re giving Tomahawks to the Japanese, giving both of these countries the ability to independently destroy China’s economic links to the wider world without any additional help from the United States. And this sudden proliferation of countries that can now bring China to their knees independently, this is arguably the biggest strategic development of the Year, even more so than the Ukraine war, because it takes what has become the world’s second largest economy and puts it completely at the mercy of the domestic politics of a third party, and now a fourth party.
Oberlin College finally pays their judgment to Gibson’s Bakery. “The $25 million verdict plus interest and attorney’s fees resulted in an almost $32 million judgment, with interest running at about $4000 per day since June 2019. In all, over $36 million was owed.” Cudos to William A. Jacobson at Legal Insurrection for his thorough, ongoing coverage of this story from beginning to end.
F-35B fighter crashes in the Metroplex. Fortunately the pilot safely ejected, and it appears that the airplane (which was undergoing testing for Lockheed) looks recoverable. To my untrained eye it looks like a stuck throttle.
For some reason, Democratic Party elites have gone all-in on forcing radical transexism down America’s throats. Fortunately, there are promising signs of widespread resistance to mutilating children for the approval of radical social justice warriors.
A federal court on Friday blocked a Biden administration mandate that would force religious hospitals and doctors to facilitate gender transitions against their sincerely held moral convictions.
The Eighth Circuit U.S. Court of Appeals affirmed a lower court’s decision to block enforcement of the rule on the grounds that “intrusion upon the Catholic Plaintiffs’ exercise of religion is sufficient to show irreparable harm,” the filing reads.
Catholic nuns, clinics, a university, and hospitals were among the plaintiffs in the case, represented by the Becket Fund. The plaintiffs all provide medical care for transgender patients but refuse to provide gender-transition surgeries because they believe them to be harmful. Their grant of permanent injunctive relief from the lower court was preserved Friday.
Friday’s ruling, which originated in North Dakota, is one of a twin set of cases challenging the Biden mandate. The second, which originated in Texas, was decided in August by the Fifth Circuit court, which also permanently blocked the rule. The plaintiffs in the Texas case included Christian medical associations of thousands of doctors who are now protected from federal encroachment into their practices.
“We now have two different federal court of appeals saying the Biden administration is permanently blocked from forcing religious doctors and hospitals” to perform gender transitions in violation of their conscience, Luke Goodrich, attorney with the Becket Fund, said during a call with reporters.
Litigation was first initiated in 2016 over implementation of Section 1557 of the Patient Protection and Affordable Care Act, an antidiscrimination clause that would have compelled religious medical institutions that receive federal funding to perform and cover gender transitions, according to the plaintiffs. Section 1557 prohibits a federally funded or administered health program or activity from denying benefits to an individual on the basis of sex as outlined in Title IX. The Biden administration doubled down on the 2016 principle in a revised rule.
Second, Republican Senator Rand Paul of Kentucky brings the wood.
In an appearance on The Ingraham Angle, Paul raised the issue of doctors carrying out transgender surgeries on children, and the propaganda that has prompted a massive increase in Americans feeling they do not have the ‘right’ body.
“Who is responsible for telling a four-year-old that we need to talk about their gender and whether they’re in the appropriate body?” Paul asked.
“Who’s talking about giving picture books to six-year-olds with illustrations of surgery to remove their genitalia?” the Senator continued.
“It’s Democrat politicians and woke left-wing people,” Paul asserted.
“There’s not one Republican — look, Republicans are not perfect. But Republicans are not pushing your child to have surgery to remove their genitalia as early as elementary school. No Republican is pushing this,” Paul reiterated.
“These are crazy left-wing Democrats. It was also crazy left-wing Democrats who were for the lockdown across America,” Paul continued.
The mad enthusiasm for transexism is going to be as inexplicable to future generations as pet rocks or healing crystals.
Except neither of those trends mutilated children for life.
Greetings, and welcome to another Friday LinkSwarm! I still haven’t had time to wrangle all those Twitter revelations into a coherent article, so that will have to wait for another post.
How different it feels this time around. Broadcasters are lustily cheering anti-lockdown protesters in China. Members of Congress offer unqualified support. President Joe Biden, although more guarded, is sympathetic.
No Western politician, as far as I can see, is insulting the protesters. They are not dismissed as selfish or sociopathic, nor as dupes of conspiracy theories. Sen. James Lankford (R-OK) captured the mood: “To the people of China — we hear you and we stand with you as you fight for your freedom.”
Broadcasters and columnists who spent 2020 calling anti-lockdowners kooks and criminals are now uncomplicatedly applauding their Chinese counterparts. They see ordinary people standing up against an authoritarian government the anti-COVID policies of which were crushing liberty.
So, what changed? Perhaps pundits tell themselves that the disease is less virulent now, or that vaccination has altered the balance of risk, or that, in some other way, Beijing’s crackdown is less proportionate than those of 2020. But none of these explanations stacks up.
Yes, the coronavirus became less lethal. All viruses that spread through human contact eventually become less lethal because they have an evolved tendency to want to keep their hosts up and active and therefore more infectious. For this to happen, they require a critical mass. Enough people need to be incapacitated or killed by the original version to give milder strains an advantage. And, yes, the vaccines helped, too.
But the trade-offs are essentially the same in China today as they were three years ago — coronavirus deaths versus other deaths. The current unrest was sparked by a fire in Xinjiang, which was allowed to become needlessly deadly because the authorities were following COVID protocols. In other words, they were elevating COVID above other forms of harm.
Most countries did the same in 2020 with, as we now see, disastrous results. The lockdowns did not just cause an economic meltdown from which we will take years to recover. They also failed on their own terms. They killed more people than they saved.
Guess which developed country had the lowest excess mortality between 2020 and 2022. Go on, have a guess. That’s right. Sweden, which refused to close shops or schools or to impose a mask mandate, saw cumulative excess deaths rise by 6.8%, the lowest figure in the OECD. By way of comparison, the equivalent figures were 18% in Australia, 24.5% in the U.K., and 54.1% in the U.S.
“Loudoun County Fires Superintendent over Handling of Sexual-Assault Cases. The Loudoun County school board fired Superintendent Scott Ziegler in a closed-door meeting Tuesday night after a special grand jury released a report blaming the district for failing to escalate cases of student sexual assault in 2021.” The black-pilled who proclaim that electing Republicans is useless aren’t considering the Glenn Youngkins of the world.
he Washington Post announced in October that it was welcoming a new communications chief. The paper’s official announcement lauded Kathy Baird, a veteran of Nike and the public relations giant Ogilvy, as a “key strategic partner” positioned to “realize our ambitious vision for the publication.”
It also noted her membership in the “Rosebud Sioux Tribe” and service on the board of IllumiNative, which it described as “a nonprofit working for accurate and authentic portrayal of Native people.”
That’s one way to put it. IllumiNative is a self-described “racial justice organization” funded by a dark money behemoth that encourages elementary school students to fight for Democratic Party initiatives like universal health care. Its purpose is similar to various far-left activist groups, focusing on “breaking through systems of white supremacy” and “grassroots organizing,” according to IllumiNative’s website.
Argentina’s Vice President (and former President, and former First Lady) and leftwing Paronist Cristina Fernandez de Kirchner is sentenced to six years of corrupt fraud.
Paralympian: “Hey, can I get a wheelchair ramp?” Veterans Affairs Canada: “Are you sure you wouldn’t like assisted suicide instead?” (Hat tip: Dwight.)
“Suspended Smith County Constable [Curtis Harris] Found Guilty of Theft, Official Oppression. Since his indictment, the 34-year-old Democrat has been jailed for violating the conditions of his bond and removed from office by a judge.” Smith County is in northeast Texas, and the biggest city is Tyler. Not to be confused with Deaf Smith County, which is completely different…
Great Pyrenees watchdog fights off 11 coyotes, killing eight. Good boy! I didn’t realize there were coyotes in Georgia, but evidently they’ve been extending their range from the southwest.
Peru’s Congress on Wednesday voted to remove President Pedro Castillo after he attempted to dissolve the legislative body following their third attempt to remove him from office.
Lawmakers voted 101-6 with 10 abstentions to remove Castillo from office for reasons of “permanent moral incapacity.”
I love the phrase permanent moral incapacity. If it caught on here, half of our political class would be forcibly retired.
Vice President Dina Boluarte was quickly sworn in to replace Castillo. The 60-year-old lawyer took the oath of office and became the first female leader in Peru’s history.
Her swearing-in capped hours of uncertainty as both the president and Congress appeared to exercise their constitutional powers to do away with each other. She said her first order of business would be to address government corruption.
Peru President Pedro Castillo announced the dissolution of congress and called for legislative elections to draft a new constitution hours before an impeachment debate, greatly escalating a political crisis and putting the Latin American nation’s democracy under threat.
“We took the decision of establishing a government of exception toward reestablishing the rule of law and democracy,” Castillo said in a televised speech Wednesday, adding that the incoming congress will draft a new constitution within nine months. “From today and until the new congress is established, we will govern through decrees.”
“Government of exception” is an awful fancy way of saying “dictatorship.”
Castillo’s move was met with nationwide protests and outrage by the Peruvian constitutional court which called the dissolution of Congress a coup, and said that Castillo is no longer president. Meanwhile, the Congress – which apparently did not get the memo that it has been dissolved – started the Castillo impeachment session early, and will most likely vote to remove the president.
Castillo’s move was hardly unprecedented, as previous Peruvian President Alberto Fujimori famously conducted his own successful autogolpe (auto coup) to purge the Peruvian government (and judiciary) of corruption. He would then defeat the Maoist Shining Path insurgency, be elected to two more terms as President, and then flee the country and resign by fax before being indicted on his own corruption charges. (He would eventually return to serve his prison term and receive a pardon that was later annulled by a court.)
This offers us an opportunity to look at the history of Peru’s governments from the sort of deep, informed vantage point that only 15 minutes of browsing Wikipedia can provide. Even if you limit it to Post-WWII presidents, that history is not a happy one.
Manuel Prado Ugarteche: Served without much upheaval throughout pretty much the entirety of World War II and passed the office to democratically elected successor Jose Luis Bustamante y Rivero. But his second term (July 28, 1956 to July 18, 1962) ended in a coup d’état and he died in exile. Speaking of which:
After troops loyal to the government crushed the revolt, President Bustamante suspended all civil rights.
The insurrection, he declared, had been the work of the APRA Party. Under the President’s orders, government troops occupied the APRA headquarters, seized the plant of its newspaper, La Tribuna, and arrested several prominent Apristas. But for the Military Cabinet, those moves were not enough. Postwar economic problems and strife caused by strong labor unions led to a military coup on October 29, 1948, which led Gen. Manuel A. Odria to become the new President.
Bustamante went into exile, then returned. Despite that whole “suspended civil rights and crushed rival political parties” thing, “In 1960 he was elected a member of the International Court of Justice in The Hague and served as its President from 1967 to 1969.” Died in Lima.
After two years, he resigned and had one of his colleagues, Zenon Noriega, take office as a puppet president so he could run for president as a civilian. He was duly elected a month later as the only candidate.
So much democracy!
Odriua came down hard on APRA, momentarily pleasing the oligarchy and all others on the right. Like Juan Peron, he followed a populist course that won him great favor with the poor and lower classes. A thriving economy allowed him to indulge in expensive but crowd-pleasing social policies. At the same time, however, civil rights in the nation were severely restricted and corruption was rampant throughout his regime. People feared that his dictatorship would run indefinitely; they were surprised when Odria legalized opposition parties in 1956 and called fresh elections. He did not run for office. He was succeeded by a former president, Manuel Prado.
Three main candidates participated in the Peruvian presidential elections of 10 June 1962: Victor Raul Haya de la Torre, founder and leader of the APRA, future president Fernando Belaunde, and former dictator Manuel A. Odria. Haya de la Torre gained most of the votes according to the official results, one percentage point ahead of Belaúnde.
However, none of the candidates reached the margin of one-third of the votes needed to become president.[citation needed] Therefore, the final decision lay with the Peruvian Congress. Haya de la Torre and Odría formed an alliance in order to install Odria as the new president.
At 3:20 in the morning of 18 July 1962 at the Presidential Palace, one of the thirty tanks stationed outside gunned its engine and rammed through the black wrought-iron gates. Manuel Prado, the constitutional President of Peru, was thrown out of office in a coup, just ten days short of completing his six-year term.
Perez Godoy, as Chairman of the Joint Chiefs of Staff, headed the military junta formed by high-ranked members of the Peruvian Military Force: General Nicolas Lindley, commander of Peru’s army; Vice Admiral Juan Francisco Torres Matos, Admiral of the Navy; and General Pedro Vargas Prada, chief of the air force. Once in the Palace, the four-man junta administered its own swearing-into office. The soldiers then suspended all constitutional guarantees, dissolved Parliament, arrested Electoral Tribunal officials “for trial” and promised “clean and pure elections” scheduled for June 9, 1963.
Snip.
Promising a “New Peru”, Pérez Godoy pushed through a 24% increase in the budget and decreed new taxes to pay for it, including a one dollar-a-ton levy on anchovies that provoked a strike and threatened to close down the thriving fishmeal industry.
And when he refused to approve the construction of a new hospital for Vargas Prada’s Air Force and six new ships for Torres Matos’ national steamship line, the other junta members turned on him.
What a tragedy it is when there’s no honor among coup leaders! If only Shakespeare had warned us…
He was deposed by the junta’s next man in line, Army General Nicolas Lindley, who swiftly moved into the presidency on March 3. Lindley restored the schedule for democratic elections and turned over the office of president to election winner Fernando Belaúnde.
Nicolas Lindley Lopez: Served a year as dictator then stepped down for a civilian government. Served as ambassador to Spain and died in Peru.
Fernando Belaunde: Served two non-continuous terms, the first of which involved a controversial settlement with Standard Oil. Want to guess how that term ended? “Belaunde himself was removed from office by a military coup led by general Juan Velasco Alvarado.”
Juan Velasco Alvarado: Served as dictator of Peru for seven years. “He pursued a partnership with the Soviet bloc, tightening relations with Cuba and Fidel Castro and undertaking major purchases of Soviet military hardware.” Followed by nationalizing American assets, etc. “Economic difficulties such as inflation, unemployment, food shortages.” Try to contain your shock. If you’ve been reading along so far, want to guess how Alvarado left office? “On August 29, 1975, a number of prominent military commanders initiated a coup…Prime Minister Francisco Morales Bermudez was then appointed president, by unanimous decision of the new military junta.” Live by the coup, die by the coup. Already in ill health, he died in 1977. Inspired Venezuelan commie scumbag Hugo Chavez.
Politically pressured from all sides, [he] failed in enacting successful political and economic reform.
A Constituent Assembly convened by the Morales Bermudez administration was created in 1978, which replaced the 1933 Constitution enacted during Oscar R. Benavides’s presidency. After elections were held in 1980, he returned power over to the first democratically elected government after 12 years of military rule, headed by President Fernando Belaunde.
Belaunde 2:
One of his first actions as President was the return of several newspapers to their respective owners. In this way, freedom of speech once again played an important part in Peruvian politics. Gradually, he attempted to undo some of the most radical effects of the Agrarian Reform initiated by Velasco, and reversed the independent stance that the Military Government of Velasco had with the United States.
Snip. “During the next years, the economic problems left over from the military government persisted.” Followed by:
Alan Garcia, another “two non-consecutive terms” president. Was his first term a success? Not so much.
His economic policy was based on APRA’s initial anti-imperialist values with García distancing Peru from international markets, resulting in lower investment in the country. Despite his initial popularity among voters, Garcia’s term in office was marked by bouts of hyperinflation, which reached 7,649% in 1990 and had a cumulative total of 2,200,200% over the five years, which destabilized the Peruvian economy. Foreign debt under Garcia’s administration increased to $19 billion by 1989. Owing to this chronic inflation, the Peruvian currency, the sol, was replaced by the inti in February 1985 (before his presidency began), which itself was replaced by the nuevo sol (“new sun”) in July 1991, at which time the new sol had a cumulative value of one billion (1,000,000,000) old soles.
According to studies by the National Institute of Statistics and Informatics and the United Nations Development Programme, around the start of his presidency, 41.6% of Peruvians lived in poverty. During his presidency, this percentage increased by 13% (to 55%) in 1991. Garcia also made an attempt to nationalise the banking and insurance industries. The International Monetary Fund and the financial community recoiled after Garcia’s administration unilaterally declared a limit on debt repayment equal to 10% of the Gross National Product, thereby isolating Peru from international financial markets.
His presidency was marked by world-record hyperinflation with the annual rate exceeding 13,000 percent per year. The administration devastated the local economy as well as all governmental institutions. Hunger, corruption, injustice, abuse of power, partisan elitism, and social unrest raised to dramatic levels spreading throughout the whole nation due to Garcia’s misdeeds and incompetence, spurring terrorism. The economic turbulence exacerbated social tensions and contributed in great part to the rise of the violent Maoist rebel movement known as the Shining Path, which launched the internal conflict in Peru and began attacking electrical towers, causing a number of blackouts in Lima. The period also saw the emergence of the Tupac Amaru Revolutionary Movement (MRTA).
He was so unpopular he didn’t even run in 1990, so he was succeeded by Alberto Fujimori, a surprise winner in a runoff against the free-market oriented novelist (and later Nobel Prize laureate) Mario Vargas Llosa.
Alberto Fujimori: We’ve already covered him. Disgraced and imprisoned, he’s still a strong candidate for the most effective postwar Peruvian President. After his resignation, the Presidency passed to:
Valentin Paniagua, despite being third in line for succession, because one guy had resigned and the other was too much of a Fujimori loyalest. Served for a year, formed a national unity government and pulled back on a lot of the “secret judge and jury” tribunals Fujimori had instituted, and was able to do so mainly because Fujimori was so successful at crushing Shining Path. Followed by:
His administration was characterized by the beginning of the country’s macroeconomic boom, promoting foreign investment, the signing of free trade agreements, and the implementation of various investment projects in infrastructure and human development. At the same time, Toledo suffered a governance crisis, scandals in his personal life, and allegations of corruption against his inner circle, signs that hit his popularity until he fell to 8% of popular approval.
Snip.
On 16 July 2019, Toledo was arrested in the United States for an extradition order to Peru, as reported by the Peruvian Public Ministry. On 8 August, attorney Graham Archer, requested a request for release on bail before judge Thomas Hixson. On 12 September, the judge ruled his request for reconsideration inadmissible. On 19 March 2020, he was released on bail.On 28 September 2021, a U.S. District Court approved the extradition of Toledo, ruling that evidence presented in the case against Toledo were “sufficient to sustain the charges of collusion and money laundering” under the U.S. Peru Extradition Treaty.
Followed by:
Alan Garcia 2. Did it work out better than the last time? Not really, but it started off better:
Throughout Garcia’s second term, Peru experienced a steady economy, becoming the fastest growing country in Latin America in 2008, surpassing China in terms of rising GDP. The economic success of his presidency would be acclaimed as a triumph by world leaders, and poverty was reduced from 48% to 28% nationally. In addition, Peru signed free trade agreements with the United States and China during García’s presidency, but accusations of corruption would persist throughout his term and beyond.
After leaving office: “Died from a self-inflicted gunshot to the head as police officers under a prosecutor’s orders were preparing to arrest him” on corruption charges as part of the Odebrecht scandal. Next up:
Ollanta Humala: “Originally a socialist and left-wing nationalist, he is considered to have shifted towards neoliberalism and the political centre during his presidency.” How did it end? “In 2017, Humala was arrested by Peruvian authorities on corruption charges.” Next:
First impeachment
Main article: First impeachment process against Pedro Pablo Kuczynski
On 15 December 2017, the Congress of the Republic initiated impeachment proceedings against Kuczynski, with the congressional opposition stating that he had lost the ″moral capacity″ to lead the country after he admitted receiving advisory fees from scandal-hit Brazilian construction company Odebrecht while he was Peru’s Minister of Economy and Finance between 2004 and 2005. Kuczynski had previously denied receiving any payments from Odebrecht, but later confessed that his company, Westfield Capital Ltd, had been receiving money from Odebrecht for advisory services, while still denying that irregularities existed in the payments.
Fujimori pardon snipped.
Second impeachment, Kenjivideos and resignation
After further scandals broke out surrounding Kuczynski, a second impeachment vote was to be held on 22 March 2018. Two days before the vote, Kuczynski stated that he would not resign and decided to face the impeachment process for a second time. The next day on 21 March 2018, a video was released of Kuczynski allies, including his lawyer and Kenji Fujimori, attempting to buy a vote against impeachment from one official.
Followed by:
Martin Vizcarra. Who was also impeached twice, and also tried to dissolve congress.
On 9 November 2020, the Peruvian Congress impeached Vizcarra a second time, after declaring him “morally incompetent”; he was removed from office.[9] The President of Congress and opposition leader, Manuel Merino, succeeded him as President of Peru the following day. Vizcarra’s impeachment incited the 2020 Peruvian protests, as many Peruvians and political analysts believed the impeachment was unsubstantiated, with several Peruvian media outlets labeling the impeachment a “coup”. Vizcarra was banned from holding public office for 10 years after allegedly jumping the line to get a COVID-19 vaccine, with an 86–0 vote in congress.
Manuel Merino. He only served six days before resigning. Followed by:
Francisco Sagasti: Managed to run a caretaker government from November 7, 2020 to July 28 2021, and carried out successful elections without being indicted, deposed or killing himself, which has to count as a success.
Castillo was noted for appointing four different governments in six months, something which had no precedent within Peruvian political history. He faced two impeachment proceedings in the Peruvian Congress, although both failed to reach the necessary votes to remove him from office.
Following the second failed impeachment vote, a series of protests across the country took place due to the rising fuel prices and instability allegedly generated by Castillo’s administration, which largely affected transportation workers. His administration was not able to find a solution to the political crisis, as it escalated in addition to mining protests as the country’s economy plummeted. Castillo ultimately left the Free Peru party in June 2022 to govern as an independent. In July 2022, a fifth inquest was launched into Castillo’s alleged corruption involvements.
Bringing us to the third impeachment and his removal from office.
It’s a rich tapestry of political dysfunction.
Well, that’s more like three hours of Wikipedia reading, but it does drive home the point that the very moment anyone takes office as President in Peru, the deck is stacked against them…
Howdy! Hope everybody had a great Thanksgiving! I spent six days up in the Dallas/Fort Worth Metroplex, visiting relatives and buying some 180 books, some for myself and some to deal. Enjoy a Friday LinkSwarm!
We keep hearing that it’s impossible rig government unemployment statistics, but something funny is going on.
A superficial take of today’s jobs report would note that both jobs and earnings “blew past expectations, flying in the face of Fed rate hikes”, and while that is accurate at the headline level, it couldn’t be further from the truth if one actually digs a little deeper in today’s jobs numbers.
Recall that back in August, September, and October we showed that a stark divergence had opened between the Household and Establishment surveys that comprise the monthly jobs report, and since March the former has been stagnant while the latter has been rising every single month. In addition to that, full-time jobs were plunging while part-time jobs were surging and the number of multiple-jobholders soared.
Fast forward to today when the inconsistencies not only continue to grow, but have become downright grotesque.
Consider the following: the closely followed Establishment survey came in above expectations at 263K, above the 200K expected – a record 7th consecutive beat vs expectations – and down modestly from last month’s upward revised 284K…
… numbers which confirm that at a time when virtually every major tech company is announcing mass layoffs…
… the BLS has a single, laser-focused political agenda – not to spoil the political climate at a time when Democrats just lost control of the House as somehow both construction (+20K) and manufacturing (+14K) added jobs according to the BLS, when even ADP now reports that these two sectors combined shed more than 100,000 workers in November.
Alas, there is only so much the Department of Labor can hide under the rug because when looking at the abovementioned gap between the Household and Establishment surveys which we have been pounding the table on since the summer, it just blew out by a whopping 401K as a result of the 263K increase in the number of nonfarm payrolls (tracked by the Household survey) offset by a perplexing plunge in the number of people actually employed which tumbled by 138K (tracked by Household survey). Furthermore, as shown in the next chart, since March the number of employed workers has declined on 4 of the past 8 months, while the much more gamed nonfarm payrolls (goalseeked by the Establishment survey) have been up every single month.
What is even more perplexing, is that despite the continued rise in nonfarm payrolls, the Household survey continues to telegraph growing weakness, and as of Nov 30, the gap that opened in March has since grown to a whopping 2.7 million “workers” which may or may not exist anywhere besides the spreadsheet model of some BLS (or is that BLM) political activist.”
A non-profit bankrolled by some of the nation’s largest corporations and left-wing billionaire George Soros is conducting a racial census of House and Senate staff as part of its effort to establish a “Bipartisan Diversity and Inclusion Office,” according to internal emails obtained by the Washington Free Beacon.
Senate and House staff received emails from a researcher at the Joint Center for Political and Economic Studies starting in July asking them to confirm their “racial and ethnic identity” as part of an alleged data collection effort. In at least two cases, senior congressional staffers who declined to provide their races were told by the researcher that the organization’s current data indicated they “may identify as white” and asked the staffers to update if the information was incorrect.
Information collected by the group will be used in its annual report that lobbies for “structural changes on Capitol Hill that would allow for more people of color to be hired in senior positions,” a previous report from the group states. That report is made possible in part by millions of dollars in donations to the Joint Center for Political and Economic Studies from Apple, Google, Meta, Pfizer, the Soros-backed Open Society Foundation, among dozens of other large corporations and nonprofits.
The Joint Center for Political and Economic Studies’ survey is part of a broader trend by left-wing organizations to pressure workplaces and governments to increase affirmative action policies. Often couched in promoting “diversity, equity, and inclusion,” those policies have received criticism for coming at the expense of competence and offering advantages based on race instead of merit.
Rush was charged with a second-degree felony, aggravated assault with a deadly weapon family violence. An emergency protection order was issued against him, and he was soon back on the streets after making a $40,000 bond, KVUE reported.
“For $4,000, you can get out, go home, watch Netflix after trying to murder your ex-girlfriend — are you kidding me?” one of the customers said.
So in addition to aggravated assault with a deadly weapon and possible attempted murder, our super-genius lawyer also violated section 46.03 of the Texas penal code by carrying a gun into a bar. And he bonded out. For all that Democrats blather about “gun violence,” they don’t seem top treat gun felonies with any seriousness when they actually occur. Thanks, Soros-backed DA Jose Garza!
But it turns out that Rush didn’t just go go home to watch Netflix, as he was found dead on Thursday.
In one meeting, Deon Jackson went from South Carolina’s Berkeley County school superintendent to unemployed.
His firing came at the hand of a newly-elected school board, which appears to have declared a judgment day for woke practices in its district.
In its first meeting after the Nov. 8 election, the board fired superintendent Jackson and school counsel Tiffany Richardson. Then it hired Anthony Dixon as superintendent and retained Brandon Gaskins as counsel. And before the day was over, the board banned teaching critical race theory and created a board to review library books for pornographic content.
Moms for Liberty, an activist group that supports parental rights in education, endorsed six of the board’s nine members. Many Moms for Liberty candidates won school board elections this November.
Speaking of disinformation, CNN carries out more mass layoffs, including Chris Cillizza. Let’s have a moment of silences for his careerOK that’s enough.
Legal Insurrection conducts a 2024 presidential preference poll. Not surprisingly, DeSantis comes in first and Trump second. Nikki Haley third over Ted Cruz is a mild surprise. Greg Abbott ranked dead last, tied with Liz Chaney, is a much bigger one.
The Pennsylvania House of Representatives voted on Wednesday to impeach controversial Philadelphia District Attorney Larry Krasner (D-PA).
Five lawmakers, including three Republicans and two Democrats with constituencies in Philadelphia, formed a committee to investigate Krasner earlier this year. Members of the lower chamber voted by a margin of 107 to 85 in favor of impeaching Krasner, enabling the Pennsylvania Senate to remove the official with a two-thirds majority.
“Texas Democrats Blame Lackluster Midterm on 2021 Election Reform, Redistricting, and Poor Border Messaging.” Note that the word “policies” appears nowhere in the article…
The partisan index for Texas counties. Republican counties tended to get slightly more Republican while Democratic counties got slightly less Democratic.
A study conducted by criminologist Michael Smith of the University of Texas at San Antonio shows that 56 percent of individuals charged with violent crimes or weapons law violations in Dallas are released on bail or their own recognizance. That figure includes about 75 percent of offenders charged with weapons law violations, about two-thirds of those arrested for aggravated assault, and 34 percent of those arrested for murder.
Smith examined 464 arrests from 2021 and followed the cases through May 15 of this year. The dataset included all (109) arrests for murder, 25 percent (73) of arrests for robbery, 25 percent (154) of arrests for aggravated assault involving a family member, 10 percent (67) of arrests for aggravated assault not involving a family member, and 10 percent (61) of arrests for weapons law violations.
Almost a quarter of those released were arrested again within the course of the study. The average length of time between release and the second arrest was 148 days.
Disney shares are down 40 per cent this year, and last week’s quarterly report makes for grim reading. Disney’s expenses and operating losses are skyrocketing. Even the hugely popular Disney+, which continues to gain in subscribers, made an operating loss of $1.47 billion – more than double its loss last year. An internal memo last week announced job cuts and a hiring freeze.
Perhaps it is no coincidence that Disney’s troubles arrive in a year when the company has been distracted by politics. Indeed, it seems to have gone into overdrive to promote woke causes, both on screen and off.
Most infamously, in March, Disney waded into a bruising political battle with Florida governor Ron DeSantis, over his Parental Rights in Education Act. The law, now enacted, bans ‘classroom instruction’ on issues of ‘sexual orientation or gender identity’ for Florida schoolkids under the age of 10. Although the law has the overwhelming support of parents, from across the political spectrum, it sparked fury in media circles. Critics were quick to dub it the ‘Don’t Say Gay’ law, arguing that it ‘marginalises LGBTQ+ people’.
Disney was only too happy to join in the chorus of denunciation. The act ‘should never have passed’, said Disney in a statement. ‘Our goal as a company is for this law to be repealed by the legislature or struck down in the courts.’ Disney also pledged to donate $5million to organisations opposed to the law. But DeSantis hit back. He revoked a special tax status that Disney’s Florida theme parks had enjoyed since 1967.
Disney’s growing reputation for championing woke causes is costing it more than just its tax exemptions. It is now clearly damaging its relationship with audiences. As recently as March 2021, Disney’s public-approval rating was 77 per cent. But a September poll finds approval for Disney has now fallen to only 51 per cent among all Americans. And it has fallen into negative territory among Republicans. As pollster Chris Wilson notes: ‘It is highly unusual for a family entertainment company to find itself outside the good graces of so many Americans.’
The combination of pretending to transition to a green energy future combined with dependence on Russian gas and the fallout of the Russo-Ukrainian War has Germany looking at some very tough choices:
“Europeans have chosen to largely remove natural gas from their industrial space, and so we are seeing huge amounts of industrial closures across the entire industrial space.”
“Natural gas isn’t just part of their electricity system, it’s part of their petrochemical system, which is what makes their manufacturing sector possible. So in shutting all this stuff down the Europeans are choosing, maybe not consciously, but they are choosing a general de-industrialization trend for the entire continent.”
“No one is making nitrogen-based fertilizer in Europe anymore. No one is smelting aluminum anymore. A lot of the steel foundries are shutting down.”
And so far it’s a relatively mild winter in Europe. Next year will be worse.
Zeihan talks about how Germany “fudges” some of it’s green energy pledges. (In a previous video he mentioned some bit of legerdemain where they don’t count fossil fuel baseload power that spins up to take over for solar at night.) So exactly what has Germany’s much-vaunted green energy programs accomplished? Not much.
In 2000, Germany obtained 84 percent of its energy from fossil fuels. By 2019, it was 78 percent. As Vaclav Smil pointed out a couple of years ago, at this rate, Germany would still be deriving 70 percent of its energy from fossil fuels by the year 2050.
Sure, Germany hasn’t managed to transition away from fossil fuels, but they have managed to make their energy infrastructure expensive and unreliable…
Some leftists have asserted, despite all evidence, that crime rates in blue states are no higher than in red states. One for this illusion is that Soros-backed DAs game the statistics. Another is that in many deep blue cities, residents simply no longer report crime, because they know police won’t investigate the case or pursue suspects, and that even if suspects are apprehended, those same Soros-backed DAs will simply let them go without bail. Another is that, even if citizens try to make a complaint, the police will simply refuse to take it, believing it to be a waste of their time.
Here New York City-to-Austin transplant Louis Rossmann talks about the decay of the Big Apple from it’s Rudy Giuliani broken windows policing heyday to its current state of disorder, and why you can’t trust the statistics.
Governor Ron DeSantis said in his victory speech that, not only did he win the Florida gubernatorial race, but he has also “rewritten the political map.” It is difficult to argue with that assessment. He beat Democrat Charlie Crist by 20 percentage points and flipped Democratic strongholds such as Miami-Dade County.
A particularly potent force in his campaign has been culture-war issues — battles DeSantis won by going on the offensive. “We fight the woke in the legislature,” he said in his speech. “We fight the woke in the schools. We fight the woke in the corporations. We will never, ever surrender to the woke mob. Florida is where woke goes to die.”
As with Trump, DeSantis’s political aggressiveness wins him admirers. The tactics that some conservatives consider morally or philosophically dubious appear only to intensify his popularity.
In March, the Republican Florida legislature passed the Parental Rights in Education Act, preventing teachers from instructing kindergarten through third-grade students in gender identity and sexuality. “I would say when you oppose a parent’s rights and education bill, which prevents six-, seven-, eight-year-olds from having sexuality, gender ideology injected in their curriculum, you are the one that’s waging the culture war,” DeSantis said in defense of the bill. DeSantis also signed the Stop W.O.K.E. (Wrongs to Our Kids and Employees) Act, preventing critical race theory from being promoted or advanced in schools and corporations.
When Walt Disney executives criticized the education law as a “Don’t Say Gay” bill, DeSantis retaliated by questioning whether the corporation’s 50-year-old “independent special district” status should go under “review” to ensure that it is “appropriately serving the public interest.” Charles C. W. Cooke warned about the dangers of this move. Yet, however short-sighted, it was undoubtedly effective culture-war politics. DeSantis’s enemies fell into the trap: Democrats revealed their hypocrisy by rushing to the defense of big business.
DeSantis has also won the PR fight on immigration. His morally dubious decision to fly asylum seekers to Martha’s Vineyard revealed Democrats’ hypocrisy. His hard line on immigration does not dampen support among Hispanics. According to a Telemundo/LX News poll, DeSantis had a 51 percent to 44 percent lead over Crist among Hispanic voters. A bilingual pollster who conducted the survey explained: “There are lots of Hispanic voters in this state who really like the governor’s style, this strongman who won’t back down.”
On transgenderism, DeSantis has been utterly fearless. He stated that, in children, most “dysphoria resolves itself by the time they become adults” and “it’s inappropriate to be doing basically what’s genital mutilation.” While other Republican states have tried to use legislation to stop gender experiments, DeSantis appointed a state medical board that banned doctors from prescribing puberty blockers, hormones, and gender-transition surgeries. This way, his enemies can’t claim that politicians are interfering in the medical profession. Rather, it’s medical professionals keeping politics out of health care.
FTX’s new CEO and liquidator, John Ray III, who also oversaw the unwinding and liquidation of Enron, admits that “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”
And just in case his shock at FTX’s fraud of epic proportions was not quite clear enough, he adds that “from compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.”
Snip.
Below we excerpt some of the most notable highlights from the affidavit, which we embed at the bottom of the post and which everyone should read to get a sense of just how massive Sam Bankman-Fried’s fraud was.
I have over 40 years of legal and restructuring experience. I have been the Chief Restructuring Officer or Chief Executive Officer in several of the largest corporate failures in history. I have supervised situations involving allegations of criminal activity and malfeasance (Enron). I have supervised situations involving novel financial structures (Enron and Residential Capital) and cross-border asset recovery and maximization (Nortel and Overseas Shipholding). Nearly every situation in which I have been involved has been characterized by defects of some sort in internal controls, regulatory compliance, human resources and systems integrity.
Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.
For purposes of managing the Debtors’ affairs, I have identified four groups of businesses, which I refer to as “Silos.” These Silos include:
(a) a group composed of Debtor West Realm Shires Inc. and its Debtor and non-Debtor subsidiaries (the “WRS Silo”), which includes the businesses known as “FTX US,” “LedgerX,” “FTX US Derivatives,” “FTX US Capital Markets,” and “Embed Clearing,” among other businesses;
(b) a group composed of Debtor Alameda Research LLC and its Debtor subsidiaries (the “Alameda Silo”);
(c) a group composed of Debtor Clifton Bay Investments LLC, Debtor Clifton Bay Investments Ltd., Debtor Island Bay Ventures Inc. and Debtor FTX Ventures Ltd. (the “Ventures Silo”);
(d) a group composed of Debtor FTX Trading Ltd. and its Debtor and non-Debtor subsidiaries (the “Dotcom Silo”), including the exchanges doing business as “FTX.com” and similar exchanges in non-U.S. jurisdictions. These Silos together are referred to by me as the “FTX Group.
Each of the Silos was controlled by Mr. Bankman-Fried. Minority equity interests in the Silos were held by Zixiao “Gary” Wang and Nishad Singh, the co-founders of the business along with Mr. Bankman-Fried. The WRS Silo and Dotcom Silo also have third party equity investors, including investment funds, endowments, sovereign wealth funds and families. To my knowledge, no single investor other than the co-founders owns more than 2% of the equity of any Silo.
Much, much more at the link, including an eye-dropping, deeply incriminating Twitter thread by founder Sam Bankman-Fried about the step-by-step decisions they made that weren’t really illegal because they had such good intentions.
BlackRock’s energetic focus on ESG investing is affecting its bottom line. The index fund’s performance is deteriorating, and risks are accumulating. In the face of this situation, UBS Wealth Management recently downgraded ratings for BlackRock (NYSE: BLK) by now listing it as a “Neutral” recommendation rather than a “Buy.” The bank also cut the target stock price to $585 from $700.
The new recommendations were made based entirely on BlackRock’s reckless ESG positioning. UBS says that stubborn insistence on this course could also trigger increased regulatory inspections and investor withdrawals.
Thus, the company pressuring countless firms to adopt more “woke” positions has suddenly found a boomerang coming in its direction. Investors and analysts are now telling BlackRock that ESG shenanigans are bad business and want it stopped.
Another one of those things that makes you go “Hmmmm“: “The Funeral Business Is Booming (And Not Because Of COVID)…We’re having to do at one point of time 20 percent more funerals which is unheard of…the third quarter of this year, we did 15% more calls than we did in the third quarter of 2019.”
Jay Leno is expected to make a full recovery after getting seriously burned in a gasoline fire from one of his many cars. Conan O’Brien should call him up and go “Jay, when I said ‘die in a fire,’ I meant it figuratively, not literally!”
“This was a close call,” said one Republican leader in Washington. “We were worried that we would achieve massive victories tonight, but we thankfully snatched defeat from the jaws of victory to achieve a much more proper and sensible red trickle, like the proper gentlemen we are.”
