Archive for the ‘Budget’ Category

LinkSwarm for September 30, 2022

Friday, September 30th, 2022

More Democrats convicted for committing voting fraud, Russian forces are driven out of Lyman, and the Eurocrats freak out of Italy’s voters daring to disobey their wishes. Plus advice on what not to invest in.



  • Biden CDC Awarded Millions To Soros-Funded Activist Group Suing DeSantis.”

    In February, 2021, the Biden administration-run Centers for Disease Control (CDC) awarded a Soros-backed pro-migrant nonprofit $7.5 million under the guise of pandemic-related support for “LATINX ESSENTIAL WORKERS AS HEALTH PROMOTERS,” and aimed “to reduce the spread of COVID-19 and mitigate impacts among Latinx and Latin American immigrants,” according to an analysis by the Daily Caller.

    The group, Alianza Americas, is currently suing Florida Gov. Ron DeSantis (R) and other Florida officials over migrant flights to Martha’s Vineyard earlier this month.

    The group has also received nearly $1.4 million from George Soros’ Open Society Network.

    Alianza Americas is “focused on improving the quality of life of all people in the U.S.-Mexico-Central America migration corridor.” The membership-based group, which Soros’ Open Society Foundations network (OSF) sent almost $1.4 million to between 2016 and 2020, was awarded a $7.5 million CDC grant in February 2021, according to a grant listing reviewed by the Daily Caller News Foundation. -Daily Caller

    The CDC funds were distributed under a program called “Protecting and Improving Health Globally: Building and Strengthening Public Health Impact, Systems, Capacity and Security.”

    Add this to the many, many things Republicans should investigate if they gain a congressional majority.
    

  • More of that voting fraud that doesn’t exist:

    Former U.S. Rep. Michael “Ozzie” Myers, a Pennsylvania Democrat, pleaded guilty to conspiracy to deprive voters of civil rights, bribery, obstruction of justice, falsification of voting records, conspiring to illegally vote in a federal election, and orchestrating schemes to fraudulently stuff ballot boxes for specific Democrat candidates in Pennsylvania elections held from 2014 to 2018. Myers was sentenced Tuesday by U.S. District Judge Paul S. Diamond to 30 months in prison, three years supervised release, and ordered to pay $100,000 in fines, with $10,000 of that due immediately, according to a statement from U.S. Attorney Jacqueline C. Romero.

    (Previously.) (Hat tip: Sarah Hoyt at Instapundit.)

  • Russian forces appear to be abandoning Lyman, which is cut off and surrounded.

  • “A right-wing alliance led by Giorgia Meloni’s Brothers of Italy party” won Italy’s election and will form a new majority government.
  • Naturally, the Eurocratic elite are far from thrilled that Italians exercised unapproved voting preferences. “EU Commission President Threatens Italy On Eve Of Election, Says Brussels Has ‘Tools’ If Wrong Parties Win.”
  • Funny how they mention that some fascists were involved in founding Meloni’s party, but never mention how the Partito Democratico, the leftist and second largest party in Italy, were formerly commies.
  • Voters Widely Favor GOP Candidate in Competitive House Districts.”
  • And there’s reason to believe they’re actually doing better than that.
  • “Ninth Circuit Strikes Down California Plan to Close Prisons for Illegal Aliens.” One of President Trump’s many accomplishments was flipping the Ninth Circuit from a loony leftist laboratory to a court that actually followed the Constitution. (Hat tip: Ace of Spades HQ.)
  • “This Ohio School District Is Promoting an ‘LGBTQ+ Resource Guide’ With Instructions on Sex Work, Abortions. Hilliard City School District guide also encourages students to transition gender without parental consent.” All this encouraged by the National Education Association, which evidently thinks it is perfectly fine to literally instruct your children on how to be whores. (Hat tip: Sarah Hoyt at Instapundit.)
  • A double-dose of Glenn Greenwald:

  • Tranny turns out to be traitor.
  • Michael Avenatti Ordered to Pay Restitution to Stormy Daniels in Fraud Lawsuit.” There’s not a violin small enough.
  • Google’s Manifest V3 for Chrome is trying to kill ad- and tracking-blockers. Another good reason to use another browser.
  • Important investing tip: A single deli in rural New Jersey is not, in fact, worth $100 million. Which explains the fraud charges.
  • Speaking of bad investments, remember how growing hemp was going to make farmers rich? Yeah, not so much.
  • Since I post a lot of Peter Zeihan videos, I thought it only fair that I post this critique of Zeihan by Yaron Brook. He opines that, while Zeihan has important things to say about geography and demographics, he ignores the central role of ideas in shaping the world.
  • NFT trading volume has collapsed 97% since the January peak. I need an NFT of Nelson saying “Ha ha!”
  • Pro tip: Don’t leave your illegally modified automatic weapons in your Uber. (Hat tip: Dwight.)
  • Skillz:

  • Will Dollar-Pound Parity Unleash Weirdness?

    Wednesday, September 28th, 2022

    A variety of maladies (global inflation, soaring energy costs due to the Russo-Ukrainian War, and post-Brexit trade wrangles, among others) has the English pound approaching parity with the U.S dollar.

    Can the pound reach parity versus the dollar? It’s now a one-in-four chance when it comes to options pricing.

    The UK currency is heading for its biggest daily loss since early May after Chancellor of the Exchequer Kwasi Kwarteng outlined the government’s plans to stimulate the economy with tax cuts and spending. The simultaneous sharp sell off in Gilts [historical term for UK government bonds – LP] suggests that tackling inflation will be a very hard task for UK authorities and that the currency market sees no easy way out for the Bank of England.

    To attract foreign investors, a weaker pound may be the answer and that is what FX traders are betting on.

    Cable fell as much as 2.1% to touch $1.1021, the lowest since March 1985, and was at $1.1036 as of 12:38pm in London. Risk reversals, a barometer of market positioning and sentiment, show that traders see the greatest downside risks for the pound over the medium term in two years.

    According to Bloomberg’s options pricing model, the pound holds a 26% chance of touching parity versus the greenback in the next six months. That compares to a reading of 14% Thursday.

    I think the real odds are probably higher than that.

    Dollar-pound parity is something that’s never happened, with the nearest it came to some 1.05 dollars to the pound in the mid-1980s. But there’s always a first time for everything, and with the Bank of England doing more quantitative easing and the UK government going on a spending spree during soaring inflation while the Fed ratchets up interest rates, now is as good a time as any.

    Besides making imports from the UK less expensive, what effects will dollar-pound parity have on the financial world? Hard to say for sure, but my prediction is: Weird things.

    There are a variety of reasons for this, starting with the fact that currency trading is itself a weird thing. You may think “American financial houses buy pounds to purchase English goods, while UK financial houses buy dollars to purchase American goods,” but there’s a whole ecology of counter-party trades, hedging strategies, currency reserve requirements, portfolio balancing, and a host of other considerations.

    Here’s a brief video that cover some of the basics for how brokerages handle FX trading:

    That’s a fairly streamlined view, as it doesn’t cover how liquidity pools are set up, different hedging strategies, etc.

    There are even traders who specialize in just trading different duration T-Bills, selling the eight-week-out and buying the four-week-out (or vice versa) for esoteric arbitrage reasons.

    None of that will change if the market hits dollar-pound parity. So where’s the danger? That comes from the possible non-linear effects of the market doing something that a lot of algorithmic instrument designers never considered a possibility.

    For a simple example, let’s talk about the swaps cases. To summarize a whole lot of very complex cases, a whole bunch of local UK governments entered into interest rate swap agreements. Interest rate swap agreements are a legitimate hedging strategy to minimize exposure to interest rate swings, but a few municipalities saw it as a license to print money. To quote Wikipedia, the source of all vaguely accurate knowledge:

    The position of Hammersmith and Fulham London Borough Council was quite different from most of the other local authorities. From about 1985 onwards Hammersmith had entered into interest rate swap transactions on an extremely large scale. At one stage it was calculated that Hammersmith was a counterparty to 0.5% of the global trade in swaps, and 10% of the sterling denominated trade. Moreover, quite exceptionally, all of Hammersmith’s positions in the swap market were betting on a fall in interest rates. Most large participants in the swap market have their exposure balanced by taking positions on both sides and across multiple currencies, but Hammersmith was essentially repeatedly entering into one-way bets that sterling interest rates would fall; a bet that they would end up losing spectacularly when interest rates climbed from around 8 per cent to 15 per cent in the space of ten months.

    This was, to put it in technical terms, “a really fucking stupid thing to do.” The swaps cases were unwound with great expense and difficulty, and various English banks ended up taking a bath (which you know they must have regarded as some sort of diabolical violation of the natural order) after courts determined that the authorities in question didn’t have the authority under English law to enter into such agreements.

    The possibility that interests rates can rise should be an obvious one. But the idea that the pound might be worth less than the dollar is one that people have probably thought about a good deal less, since it hasn’t happened ever. It’s quite possible it hasn’t been contemplated in some percentage of the trillions in derivatives markets and hedging instruments around the world.

    For many financial systems, this is going to be an untested use case. Some systems may work just fine, others may break down, and still others may experience race conditions or cascading failures; think of the flash crash of 2010, or the 1987 Black Monday crash. Somewhere, somehow, something is likely to go off the rails.

    Hopefully, whatever does blow up won’t be big enough to take down the entire market, or at least not for long. Hopefully it won’t uncover massive problems like the 2008 subprime meltdown uncovered, and there won’t be a firm of systemic importance like AIG was there.

    Hopefully.

    LinkSwarm for September 23, 2022

    Friday, September 23rd, 2022

    California is (still) broke, Stacey Abrams is (still) not very bright, Joe Biden tried to deal gas to the commies, and the FBI can’t be bothered to investigate such trivia as “sex crimes involving children.” It’s the Friday LinkSwarm!

    

  • Remember how the State of Texas came in with record revenues and a $27 billion surplus? Well, the flip side is California, which just saw 11% personal income tax revenue drop. Funny how chasing away productive taxpayers through punitive taxation and insane over-regulation isn’t a recipe for success…
  • In a related story, U-Haul in California literally ran out of trucks leaving the state.
  • “Joe Biden Was Deeply Involved With Selling U.S. Natural Gas to the ChiComs, New Docs and Whistleblowers Reveal.”

    Republicans on the House Oversight and Reform Committee have obtained bombshell documents proving that Joe Biden was deeply involved in the family business of selling American natural gas to the Chinese–while he was planning to run for President. According to multiple whistleblowers, the Biden family made promises to those who worked with them in 2017 and onward that they would “reap the rewards in a future Biden administration.” These explosive revelations “pose national security concerns,” Oversight Republicans proclaimed Tuesday night.

    The Biden clan enriched itself by selling the natural resources to a Chinese firm closely affiliated with the Chinese Communist Party (CCP)—just a few years before the cost of gas in the United States hit record highs, the Oversight Republicans stated.

    In a letter to United States Treasury Secretary Janet Yellen, Rep. James Comer (R-Ky.), the ranking Republican on the Oversight Committee, alleged that according to whistleblowers, Joe Biden was heavily involved in this treachery.

    “This comes to light at a time when the cost of natural gas is at a 14-year high and Americans struggle to pay their energy bills,” Comer wrote in the letter to Yellen. “The President has not only misled the American public about his past foreign business transactions, but he also failed to disclose that he played a critical role in arranging a business deal to sell American natural resources to the Chinese while planning to run for President.”

    Comer sent a letter to Yellen in July complaining that the Treasury Department was restricting access to over 150 Suspicious Activity reports (SARs) on Hunter Biden, amid explosive revelations that came out from Biden’s “laptop from Hell,” and iPhone.

    On Sept. 2, 2022, the Treasury Department stated in a letter to Committee Republicans, that the SARs may be provided “upon a written request stating the particular information desired, the criminal, tax or regulatory purpose for which the information is sought, and the official need for the information.”

    In response, Comer said that “based on the documents provided in this letter, we request all SARs from Biden family transactions, including those involving President Biden, related to transactions with Chinese entities. We are concerned that the President may have compromised national security in his dealings with the country most adverse to U.S. interests—China. These SARs will inform our analysis of this matter.”

    Comer said Oversight Republicans have obtained a “presentation” emailed to Hunter Biden’s firm Hudson West III LLC (Hudson West) on December 13, 2017. The document, translated from Mandarin Chinese, is titled, “Overview of the U.S. Natural Gas Industry Chain, and is concerned with selling American natural resources to China.”

    “Jiaqi Bao, who created the presentation, was previously an employee of the CCP, and worked for Hunter Biden’s corporate entity Hudson West,” the letter states.

    Comer provided Yellen with two maps that were part of a presentation emailed to Hunter Biden. The maps include sophisticated analysis written in Chinese, and show the United States carved up based on natural gas reserves “with particular emphasis on Pennsylvania, Louisiana, Texas, Oklahoma, and Wyoming.”

    “The emails that accompany the transmitted maps reveal a plan to sell natural gas reserves to China via the same corporate entity branded on the presentation-Hudson West III LLC (Hudson West)–set up by Hunter Biden with officials from the Chinese company CEFC, at the time, one of the largest oil companies in China,” the letter stated.

    (Hat tip: Sarah Hoyt (and her shocked face) at Instapundit.)

  • Kurt Schlichter on New York State Attorney Letitia James filing a civil lawsuit against Donald Trump.

  • FBI investigations of child sex abuse claims are no longer a priority with all these conservatives and Trump supporters they need to prosecute for WrongThink…
  • Speaking of enabling perverts: “Sex fiend gets ‘sweet’ deal from [Soror-backed] Manhattan DA Bragg on teen rape charge — then attacks 5 others.” (Hat tip: Stephen Green at Instapundit.)
  • Another groomer teacher. “Teacher charged with 24 sex crimes after posting TikToks of students, school says.” (Hat tip: Instapundit.)
  • Russian Vehicles Flock To Georgian Border Following Partial Military Mobilization.” Don’t be sad! Die for Vlad!
  • Ukrainians capture a Russian T-90M, the most modern tank they’ve actually fielded. (The T-14 Armata is still MIA in the Russo-Ukrainian War…)
  • Meant to mention this last week: Republican J.D. Vance Now Leading Democrat Tim Ryan in Ohio U.S. Senate Race.
  • “Majority of Likely Voters Support Migrant Busing.” Suck it, Martha’s Vineyard.
  • US Bank CEOs: If China invades Taiwan, they can kiss their access to U.S. banks goodbye.
  • Stacey “Not Very Bright” Abrams claims that six-week old fetal heartbeats are “Manufactured’ to Help Men Control Women.”
  • New treatment sends Lupus patients into remission.

    (Hat tip: Instapundit.)

  • RIP APD Officer Anthony “Tony” Martin.
  • Commies being commies, the Soviet Union tried to reorder the calendar. Just like the French Revolution, it didn’t work.
  • “Migrants Decline Newsom’s Offer Of Asylum In CA Since They Just Came From A Collapsing Communist Hellhole With No Electricity.”
  • LinkSwarm for September 16, 2022

    Friday, September 16th, 2022

    Facebook violates user rights, Larry Krasner held in contempt, mass graves in Izyum, and more Disney groomers indicted. It’s the Friday LinkSwarm!

  • Pennsylvania House votes to hold Philadelphia Soros-backed DA Larry Krasner in contempt for defying a subpoena.

    The Pennsylvania House voted Tuesday to hold Philadelphia District Attorney Larry Krasner in contempt for refusing to comply with a subpoena issued by a legislative committee searching for grounds to impeach him.

    The chamber voted 162 to 38 — with support from 10 Philadelphia Democrats — to approve the resolution holding the city’s top prosecutor in contempt, a highly unusual move that even the measure’s sponsor told House colleagues he’d never seen before.

    State Rep. John Lawrence — a Republican who represents parts of Chester and Lancaster Counties and chairs the select committee investigating Krasner — said the DA had “willfully neglected” the subpoena and was treating it like “a worthless piece of paper.”

    (Hat tip: Dwight.)

  • “According to DOJ whistleblowers, Facebook has been spying on Americans’ private messages and reporting them to the FBI if they express ‘anti-government or anti-authority’ statements – including questioning the legitimacy of the 2020 US election.” More: “It was done outside the legal process and without probable cause,” said one of the whistleblowers, who spoke on condition of anonymity. “Facebook provides the FBI with private conversations which are protected by the First Amendment without any subpoena. According to one Post source, ‘They [Facebook and the FBI] were looking for conservative right-wing individuals. None were Antifa types.'”
  • Mass grave found in Izyum.
  • UT professor Richard Lowery files lawsuit against Texas A&M over their illegal discrimination on the basis of race.

    Anyone with even the slightest knowledge of the state of the American academy today knows that employment discrimination runs rampant on campus. Not the old-fashioned kind where women, blacks, Jews, Catholics, Asians, gays, or communists were excluded from employment opportunities, but the modern Kendian variety, in which overt discrimination against white men (and, in many disciplines, Asian men as well) is embraced as official university policy and as a necessary part of being “antiracist.”

    As Mark Perry has documented in hundreds of complaints he has filed with the Department of Education’s Office for Civil Rights, such “discrimination for the ‘right’ reasons” is as common on campuses today as empty Red Bull cans. Nor does anyone with any actual knowledge of employment law dispute that such overt and intentional sex and racial discrimination is patently illegal under federal law, and usually state law as well.

    Why is this so? If such “no white / Asian guys need apply” practices are clearly illegal, how have they been allowed to not only stand but spread to all corners of campus?

    Part of the reason is that under Grutter and Fisher II, the Supreme Court gave universities the benefit of the doubt when using racial and other demographic characteristics in admissions decisions. Rather than use race sparingly in admissions decisions, and in the narrow, surgical method the Supreme Court envisioned, universities instead have taken those decisions as a mandate to do whatever they want in not only admissions, but also employment and other areas.

    Indeed, as I have noted before, university administrators often admit to overt discriminatory reasons for their DEI employment initiatives (e.g., the need to provide “role models”), despite the fact that the Supreme Court rejected such reasons as illegal decades ago. (Such abuse of the limited leeway the Supreme Court gave universities in admissions decisions is why many observers are predicting that the Supreme Court will end it in the upcoming term, when it decides cases challenging admissions practices at Harvard and the University of North Carolina.)

    However, the main reason for the ubiquity of such practices is that only people who are, in fact, victims of such discriminatory practices have standing to sue to stop them. Leaving aside the serious economic challenges of litigating such a suit against a wealthy university, what would happen if you actually did so? E.g., “I exceed the posted qualifications for a tenure-track position at Enormous State University, but ESU’s official policy is that only BIPOC candidates are eligible for the position. As a white [or Asian] man I am ineligible for the position because of my race, and so I am suing ESU for racial discrimination in employment.”

    In the woke monoculture that pervades most campuses today, being known as someone who took legal action to challenge a DEI initiative would render you radioactive and unemployable, not only at ESU but across most of the American academy. And even if you prevail in your lawsuit, you would thereafter be known as the guy who got an “antiracist” affirmative action employment program shut down. Given what the campus cancel culture mobs have done to people like Dorian Abbot who merely question the legality or morality of such programs, what do you think they will do to someone who actually succeeds in having them declared illegal? Ask Allan Bakke.

    With universities perceiving no real risk of being sued, and with the Biden administration having about the same interest in neutrally enforcing federal discrimination law as it does in securing the southern border, university administrators know there is no serious risk to giving in to the demands of “antiracist” activists for official, overt discrimination against white and Asian men. That many state officials (including some red-state officials such as Texas Governor Greg Abbott) are too cowardly to do anything to resist the campus wokesters further compounds the problem. Like the days of Mob-controlled garbage collection in New York City, university administrators can say, “Yeah, what we’re doing is illegal. Whaddya gonna do about it?”

    But just as the law eventually destroyed the Mob’s garbage cartels in the Big Apple, the law may finally be coming for the overt employment discrimination practiced on most campuses today. The form of the destructor may be a test case filed on September 10: Lowery v. Texas A&M University System.

    As described in the complaint:

    8. The Texas A&M University System, along with nearly every university in the United States, discriminates on account of race and sex when hiring its faculty, by giving discriminatory preferences to female or non-Asian minorities at the expense of white and Asian men. This practice, popularly known as “affirmative action,” has led universities to hire and promote inferior faculty candidates over individuals with better scholarship, better credentials, and better teaching ability.

    9. These race and sex preferences are patently illegal under Title VI and Title IX, which prohibit all forms of race and sex discrimination at universities that receive federal funds. But university administrators think they can flout these federal statutes with impunity because no one ever sues them over their discriminatory faculty-hiring practices and the Department of Education looks the other way.

    10. These discriminatory, illegal, and anti-meritocratic practices have been egged on by woke ideologues who populate the so-called diversity, equity, and inclusion offices at public and private universities throughout the United States. The existence of these offices is subverting meritocracy and encouraging wholesale violations of civil-rights laws throughout our nation’s university system.

    Specifically, the complaint avers that in July 2022, Texas A&M’s “office for diversity” announced a program for hiring professors that was limited to members of “underrepresented groups,” which it defined as “African Americans, Hispanic/Latino Americans, Native Americans, Alaskan Natives, and Native Hawaiians.” In other words, like many DEI initiatives that pervade most university campuses today, white and Asian men need not apply for this program. Texas A&M justified the program with the goal of establishing a faculty whose racial composition attains “parity with that of the State of Texas”—despite the fact that even Grutter recognized that such racial balancing was “patently unconstitutional.”

  • Another week and more Disney employees arrested for attempting to have sex with minors. (Hat tip: Ed Driscoll at Instapundit.)
  • Speaking of groomers: “Sixth-Graders Protect Their Fellow Students From a Creepy Teacher.” (Hat tip: Stephen Green at Instapundit.)
  • Not helping: Texas GOP leadership “Refuses to Publish Study Critical of Child Gender Mutilation. State Rep. Will Metcalf (R-Montgomery) blocked the publication for being ‘controversial and inflammatory.'”
  • Twitter continues its war against conservatives:

    (Hat tip: Ace of Spades HQ.)

  • “FBI Tracks Down Mike Lindell On Hunting Trip, Surrounds His Car And Seizes Cell Phone.”
  • Nancy Pelosi channels Jeb Bush: “That’s an applause line.”
  • The Russian S-300 still sucks.
  • Philadelphia’s soda tax backfires. “People shopping for sodas outside city limits canceled out almost 40% of the decrease in sugar-sweetened beverage purchases. Additionally, the soda pop tax actually led to about a 4% increase in purchases of other high-sugar goods in Philadelphia and in neighboring towns. But compared to the sugar decrease from sodas in Philadelphia, additional sweetened food purchases offset an additional 40%.”
  • Ohio Democratic representative and senate nominee Tim Ryan says “We Gotta Kill” MAGA “Extremists.” You may remember Ryan from such hits as “My Presidential Campaign Is Going Nowhere Fast.”
  • Russia’s gas cutoff may force BASF’s largest chemical plant in Germany to shut down entirely.
  • Who am I selling out to?”
  • Wokeness kills G4. In other news, G4 was evidently still running somewhere.
  • Armin Tamzarian, call your office. (Hat tip: Dwight.)
  • Yo dawg, I heard you like Minecraft, so I put a Minecraft in your Minecraft so you can Minecraft while you Minecraft.
  • Huge Ft. Worth football brawl triggers ejections of players. All of them.

  • Sea urchins wearing hats.
  • “Obamas Construct New Cages At Martha’s Vineyard To Hold Arriving Migrants.”
  • “King Charles Replaces Harry & Meghan With Two Corgis In Line Of Succession.”
  • LinkSwarm for September 9, 2022

    Friday, September 9th, 2022

    Ukraine is carving out big gains in Kharkiv, Texas is in the money, Biden taps Clinton’s bagman to divy up the graft manage climate change funds, more groomers unmasked, and some big changes in the UK. Plus a bit about tanks. It’s the Friday LinkSwarm!
    

  • Ukraine’s counteroffensive in Kharkiv has been extremely successful.
    • Ukrainian successes on the Kharkiv City-Izyum line are creating fissures within the Russian information space and eroding confidence in Russian command to a degree not seen since a failed Russian river crossing in mid-May.
    • Ukrainian forces in the Kharkiv Oblast counteroffensives advanced to within 20 kilometers of Russia’s key logistical node in Kupyansk on September 8.
    • Ukrainian forces will likely capture Kupyansk in the next 72 hours, severely degrading but not completely severing Russian ground lines of communication (GLOCs) to Izyum.
    • Ukrainian forces are continuing to target Russian GLOCs, command-and-control points, and ammunition depots in Kherson Oblast.

    

  • Texas Tax Haul Soars By Record 26% in 2022 Fiscal Year.”

    On Thursday, the state comptroller reported that the Lone Star State’s tax revenue rocketed by 25.6% to a total of $75.21 billion.

    It’s only the fifth time since 1988 that revenue grew by a double-digit percentage — and it’s double the next largest increase over that 34-year span.

    “Revenues continue to outpace even our most recent forecast as All Funds tax collections closed the fiscal year $841 million above the projection in our Certification Revenue Estimate,” said state Comptroller Glenn Hegar in an official release.

    That’s a stark contrast to California, which saw July revenue come in 12% below forecast.

    Texas has been a major beneficiary of migration from California: Over the last census cycle, 34% of new Texans arrived from California alone. Meanwhile, New York saw personal income tax collection fall 3.2% from April 1 through July.

  • Biden Brings in Professional Bagman John Podesta to Divvy Up the $316 Billion in Climate Change Money to DNC Donors Ahead of Midterm Election.”

    Joe Biden has hired John Podesta to be the new Clean Energy Czar, citing his experience in progressive causes….

    Bottom line, John Podesta is being now being hired to divvy up the $316 billion in Green New Deal money recently authorized by congress. That is what Podesta specializes in, the distribution of taxpayer money to DNC allied groups and networks in advance of the 2022 midterms. Podesta, Hillary’s fixer, is a bagman, nothing more.

  • Worse, one of the many bag clients he’s adept at channeling money into Democratic pockets for is China.

    President Joe Biden on Friday tapped John Podesta to oversee $370 billion in climate spending, a move that has China hawks on Capitol Hill concerned over Podesta’s encouragement of Chinese investment in American infrastructure and praise for the top U.S. adversary on climate change.

    Podesta has called for Chinese investment in American infrastructure, arguing in 2013 that there are “great opportunities for Chinese firms to directly invest in this nation, to build American infrastructure, to create American jobs, and generate steady and handsome returns.” He added, “There’s also the ability for Chinese firms to invest here and learn best practices, and take those home to the tremendous and growing middle class market in China.”

    Instead, in the intervening decade, the Chinese government has committed widespread economic espionage—one 2017 estimate found that China steals up to $600 billion in trade secrets a year. Engineers in China, meanwhile, use popular social media platform TikTok to access nonpublic data from U.S. users.

    Podesta has also praised China’s efforts to combat climate change, arguing in 2015 that the Chinese “are beginning to do a fair amount.” China, which is the world’s top carbon emitter, went on to dramatically accelerate its coal consumption, which reached a record high in 2020.

    That record has China hawks on the Hill concerned that America’s top adversary has a new—and powerful—ally in the White House. Podesta’s role will see the liberal consultant implement $370 billion in spending toward alternative energy, a sector that China dominates when it comes to raw materials. As such, alternative energy companies receiving the Podesta-steered funding could turn to China to secure supplies. The new Biden aide will likely take no issue with that dynamic, given that he has argued the United States and China should “align” on a green economy. Sens. Marsha Blackburn (R., Tenn.) and Ted Cruz (R., Texas) argued that the move reflects the White House’s soft-on-China stance.

    (Hat tip: Mark Tapscott at Instapundit.)

  • Russia halts natural gas to EU, saying it won’t resume until sanctions are lifted.
  • Related: “European energy trading risks collapse over $1.5 trillion in margin calls.” Seems like there’s a lot of news about margin calls this week…
  • More European fun: Greece and Turkey are slouching toward war with each other.
  • “Teachers’ Union Boss Admits Teachers Have Become ‘Social Justice Warriors.'” Randi Weingarten is the gift that keeps giving. (Hat tip: Stephen Green at Instapundit.)
  • California Gov. Newsom Reaped $10.6 Million In Campaign Cash From 979 State Vendors Who Pocketed $6.2 Billion.”
  • Democratic County Administrator Robert Telles charged in the death of journalist Jeff German, “an investigative reporter with the Las Vegas Review-Journal who had spent the last few months exposing misdeeds and turmoil in the official’s office.” For all Sundown Joe’s dark mutterings about “UltraMAGA,” it seems like Democrats are the ones doing all the killing…
  • “Special Master Order Reveals Biden’s Direct Involvement In Trump Raid.”
  • “More North Texas Teachers Charged with Sexual Assault of Students.”

    A now-former elementary school teacher previously charged with sexual abuse of a 7-year-old student was arrested again and charged with sexually assaulting a second victim.

    Victor Moreno, 28, was charged in July with continuous sexual abuse of a child, a first-degree felony, and an improper relationship between a student and educator, a second-degree felony.

    The accused pedophile’s victim was a second-grade girl in Irving Independent School District, where Moreno was a teacher at the time of the alleged assaults during the 2020-2021 school year.

    Snip.

    Meanwhile, a teacher’s aide in Mesquite Independent School District was arrested Tuesday after being accused of engaging in inappropriate relationships with students.

    Bryan Garcia, 22, was charged with two counts of sexual assault of a child and one count of indecency with a child.

  • “American Library Association Removes Webpage Promoting ‘Secret’ LGBT Messaging In Libraries.”
  • Chechen leader Ramzan Kadyrov says he might call it quits.
  • Chilean voters reject Social Justice constitution. Good.
  • “Germany: Green Politician Resigns After Inventing Nazi Death-Threats Against Himself.”
  • Queen Elizabeth II dead at age 96. As an American, I hold no truck with royalty, but she always struck me as a classy broad. (Hat tip: Stephen Green at Instapundit.)
  • “Stacey Abrams Announces That With A Heavy Heart She Will Succeed Elizabeth II As Queen.”
  • Clinton nonprofit funneled $75,000 to ‘defund the police’ group.” This is my shocked face. (Hat tip: Ace of Spades HQ.)
  • Higher Ed’s New Woke Loyalty Oaths: A ballooning number of hiring and tenure decisions require candidates to express written fealty to political doctrines.” And you can bet those doctrines have nothing to do with constitutionally limited government based on universal rights…
  • Russia seems a lot more interested in selling T-14 Armata tanks abroad than in sending them to Ukraine.

  • Indeed, they’re talking about restarting old production lines to start manufacturing older BMP-2s. “The costs and challenges of bringing more modern designs into production are now surely aggravated by Western sanctions cutting access to many basic electrical components, requiring pricey and time-consuming workarounds.”
  • This is like a scene from a porn movie, only a lot creepier. “Las Vegas landlord requires tenant to sign sex contract in order to lease home.”
  • “Libs of TikTok returns to Twitter, threatens lawsuit if removed permanently.
  • The Supreme Court is going to bitchslap Eric Adams halfway to Albany: “Mayor Adams vows door-to-door checks on gun permits.”
  • Fat Leonard is on the lam.
  • “Employees Shocked as Lesbian Vegan Doughnut Shop Goes Out of Business.” The landlord hadn’t been paid for months, and the owners bounced paychecks to employees.
  • Take this, low prices! (Hat tip: Dwight.)
  • “No turkey, however bloated and stupid, could ever be big enough to convey the mesmerising awfulness of Amazon’s billion dollar Tolkien epic.” (Hat tip: Ed Driscoll at Instapundit.)
  • Amazon is so confident that actual viewers will hate it that they put a three day waiting period on reviews. In any case, here the one-star reviews they allowed to slip through. Makes you wonder what other reviews they’re manipulating… (Hat tip: Stephen Green at Instapundit.
  • Kim Kardashian Is Starting Her Own Private Equity Company.” Why not? But I’m betting being a genius at self-promotion doesn’t equate to being a genius at investing, especially since she’s starting in the middle of a fierce, widespread downturn…
  • Easiest way to win Dad of the Year? Pick your son up from school in a tank. Looks like a Scorpion light tank, most likely the FV107 Scimitar reconnaissance variant.
  • “FBI Drops Investigation After Discovering Trump’s Top Secret Nuclear Documents Were Just Print-Outs Of Hillary Clinton Emails.”
  • LinkSwarm for August 15, 2022

    Monday, August 15th, 2022

    Greetings, and welcome to a special Monday LinkSwarm! Still getting over a bad cold, but both the wet cough and fatigue have improved thanks to lets of bed rest.
    
    

  • Also on the mend: Salman Rushdie, who is reportedly off the ventilator and able to talk and joke.
    

  • Inflation is ever-so-slightly-down at 8.5%, mainly due to lower energy prices, but still near four-decade highs.
    

  • For example, eggs are up 47% over the last year.
    

  • Stories of unparalleled depravity: “Metro Atlanta couple charged with using adopted kids to make child porn.” I see they left out the word “gay” before couple.

    Walton County couple has been arrested and are facing child sex crime charges for acts deputies say they committed against their adopted children.

    Last month, the Walton County Sheriff’s Office raided a home in unincorporated Loganville where they believed a man was downloading child pornography. When interviewing him, the suspect admitted to collecting child porn and identified a second suspect in Oxford.

    The suspect told deputies that the other suspect was making the child porn with at least one child who lived in his home. The first suspect’s identity has not been released.

    Deputies were able to get arrest warrants for both adult men living in the home, William Dale Zulock, 32, and Zachary Jacoby Zulock, 35.

    Walton County’s Division of Family and Child Services joined deputies in responding to the home to help protect the two children in the home.

    After making sure the children were safe, investigators found evidence that the couple, who were the adoptive fathers of the pair of brothers living there, were recording themselves committing sexually abusive acts against the children.

    (Hat tip: Ed Driscoll at Instapundit.)

  • Speaking of the Democratic Media Complex doing it’s best to try to avoid the existence of pedophiles among its ranks, they really don’t like you using the word groomer. (Hat tip: Stephen Green at Instapundit.)
  • Florida isn’t taking tranny madness and child genital mutilation lying down: “Florida Board Of Medicine Moves To Ban Transgender Treatments For Minors.”
  • But teachers unions are still all in on the groomer agenda, the law be damned.
  • Has the war against tranny madness turned the tide in the UK?

    At the end of July, the Tavistock gender clinic in the United Kingdom was closed down by the National Health Service after a review of the clinic’s practices found that its “clinical approach and overall service design has not been subject to some of the normal quality controls that are typically applied when new or innovative treatments are introduced.”

    In a letter addressed to the NHS, Dr. Hillary Cass, who conducted the review, wrote that other providers had “not developed the skills and competencies” necessary to provide the right amount of support to children “with lesser degrees of gender incongruence who may not wish to pursue specialist medical intervention.” Cass acknowledged that there are unanswered questions about the use of puberty blockers as a treatment for children questioning their own gender identity and suggested that much more evidence will need to be collected before she draws a conclusion on their value in these contexts.

    Puberty blockers were initially developed as a treatment for precocious puberty in young children, but have since been repurposed and advertised by transgender activists as a way to hit the “pause” button and buy time for kids who think they may have been born in the “wrong body.” A sizable-but-marginalized group of doctors has long warned that the consequences of puberty-blocker use as a part of the transition process are unclear, and amount to an affirmative and significant step toward transitioning, rather than a “pause.”

    The closure of Tavistock in July came as welcome news to those of us worried about the skyrocketing number of children suffering from gender dysphoria and being treated as though it were a physical malady. Then, yesterday, it was reported that a group of families in the U.K. is suing the NHS arm affiliated with Tavistock for the effects that its dogmatic approach to the treatment of youth — described by Cass as “an unquestioning affirmative approach” — had on their own lives.

    A lawyer for the plaintiffs told Sky News that he believes that misdiagnoses have affected “potentially hundreds of young adults who have been affected by failings in care over the past decade at the Tavistock Centre.” It is, first and foremost, a tragedy that this has happened, but it is undoubtedly encouraging to see the mistreated join together not just to collect damages, but to tell their stories.

    Moreover, the politicians in the country’s Conservative Party are showing signs that they may be willing to push back on the madness. Attorney General Suella Braverman said earlier this week that transgender theory should not be taught in schools. Penny Mordaunt, a near-finalist in the Tory leadership contest, was sunk in part because of her lack of spine on the issue.

    Across the U.K., then, politicians, doctors, and activists are all beginning to recognize that the unquestioningly affirmative model of care for gender-dysphoric children is scientifically unsound, morally dangerous, and the result of, more than anything else, social and political dogma.

    And the U.K. is not the first European country to begin to recognize its past mistakes. In Sweden, the use of puberty blockers and cross-sex hormones have been almost entirely ruled out for minors as of this year. Finland, meanwhile, has determined that “the initiation of hormonal interventions that alter sex characteristics may be considered before the person is 18 years of age only if it can be ascertained that their identity as the other sex is of a permanent nature and causes severe dysphoria” and “the young person is able to understand the significance of irreversible treatments and the benefits and disadvantages associated with lifelong hormone therapy, and that no contraindications are present.”

  • Nancy Pelosi’s Son a Major Investor in Chinese Telecoms Company.” Try to contain your shock. Although that headline needs a corrections: He’s an equity holder in the company, but I don’t think he invested jack in the company. Or squat.

    House Speaker Nancy Pelosi’s son has apparently joined the list of political offspring who magically keep landing jobs as “consultants” overseas. The Daily Mail reports:

    Nancy Pelosi’s son is the second largest investor in a $22 million Chinese company whose senior executive was arrested in a fraud investigation, DailyMail.com can reveal, raising questions about his secretive visit to Taiwan with his mother.

    As well as investing, Paul Pelosi Jr, 53, also worked for the telecoms company, Borqs Technologies, in a board or consultancy role, Securities and Exchange Commission documents show.

    Wow, this feels like déjà vu all over again. Just substitute the name “Hunter Biden” for “Paul Pelosi Jr.” and the story would still sound credible.

    For his “consultancy,” Pelosi was given 700,000 shares of stock in the company. At one time he was the second-largest shareholder in the Beijing-based firm, although it’s unclear if that’s still the case today. Either way, it must be nice. Borqs is a telecoms company specializing in the “Internet of Things” products and is “listed on the Nasdaq stock exchange with a current market capitalization of $22 million,” according to the Mail.

    Hunter Biden seems to have a better nose for profitable graft corridors than Pelosi’s get, since a $22 market cap is essentially nothing in the IoT space…

  • “Progressive Pollster Finds That People Oppose Progressive Policies.”

    The poll from the Democratic-aligned Winning Jobs Narrative Project, which surveyed 60,000 voters across 17 states, found that “making villains of corporations” and embracing “culture war topics like abortion” are ineffective strategies for Democrats. Liberals would attract more voters, in fact, if they sounded like conservatives—talking about “respect for work” and placing “government in a supporting rather than primary role.”

    Voters prefer Republicans’ handling of the economy, which remains “the top issue of the coming election,” the poll found. Americans don’t believe President Joe Biden’s claims that “this has been the fastest recovery in 40 years,” instead “looking at the worst inflation in the same period and record gas prices.”

    (Hat tip: Instapundit.)

  • “Despite Strict Gun Control, California Had The Most Active Shooter Incidents In 2021.”
  • Drought has the Rhine river so low that barge transport is impossible in some places.
  • Another day, another Democratic politician refusing to pay his tax bill. “Pennsylvania Democratic Congressman Matthew Cartwright is once again in trouble for being delinquent on his property taxes. Cartwright and his wife share a condo in Washington and tax records indicate that they owed penalties and interest from 2021 due to being late in paying their taxes.”(Hat tip: Instapundit.)
  • “Top Physicist Admits ‘Distant Star’ Photo Was Actually Chorizo.”
  • Wear a kimono in China? That’s an arresting.
  • Home Run Inn recalls frozen pizza over metal pieces.
  • Nvidia announces terrible results. Of course, terrible for them was still $6.7 billion of revenue…
  • Tiny Boat House.
  • “‘The FBI Raid On Melania’s Closet Was Justified,’ Says Merrick Garland Wearing Gorgeous New Evening Gown And Sun Hat.”
  • 

    Ill-Advised Semiconductor Subsidies Pass

    Thursday, July 28th, 2022

    Semiconductor subsidies passed the Senate and House and now will become law.

    The House on Thursday passed the bipartisan Chips and Science Act, which aims to increase domestic production of computer chips to allow the U.S. to become more competitive against China in the global technology market.

    The bill passed the House in a 243-187 vote one day after passing the Senate in a 64-33 vote. The legislation now heads to the desk of President Joe Biden.

    Biden called the passage of the bill on Thursday “exactly what we need to be doing to grow our economy right now.”

    “Today, the House passed a bill that will make cars cheaper, appliances cheaper, and computers cheaper,” Biden said. “It will lower the costs of every day goods. And, it will create high-paying manufacturing jobs across the country and strengthen U.S. leadership in the industries of the future at the same time.”

    Twenty-four Republicans voted to pass the measure, despite Republican leadership making a last minute push to discourage GOP lawmakers from supporting the bill. GOP leaders sought to keep the bill from passing after news broke on Wednesday that Senator Joe Manchin (D., W. Va.) had reached a deal with Democratic leaders on a nearly half-a-trillion dollar spending package targeting energy and climate, health care, and increased taxes on the wealthy.

    Snip.

    The measure includes $39 billion to “build, expand, or modernize domestic facilities and equipment” for semiconductors, $2 billion to specifically manufacture semiconductors and $11 billion for Department of Commerce research and development.

    “Research and development” is no doubt going to be a rich conduit of graft to Democratic Party cronies having nothing to do with semiconductors.

    For reference, $29 billion is probably just enough to build two state-of-the-art 300mm chip fabrication plants.

    As I’ve argued before, the reasoning behind the bill is specious and it won’t result in a single new chip being fabbed in the next two years.

    The most recent stats I can find show that the United States has some 47% of the semiconductor market. We (and Taiwan, and South Korea) are kicking China’s ass in semiconductors.

    The chips China make are generally either: A.) Cheap, or B.) intended for their internal market. No one sends cutting edge chips to be fabbed in China because they don’t have the tech to do it and everyone know they’ll steal your designs and crank out knock-offs on the sly whenever possible. China’s semiconductor industry is mostly smoke and mirrors all the way down.

    Semiconductor subsidies have all the hallmarks of a classic Washington boondoggle: The wrong action at the wrong time for the wrong problem.

    First, there are already signs that the automotive semiconductor crunch is easing, thanks not to the Biden Administration but to the actions of the free market.

    Second, the shortage wasn’t the result of a “chip shortage,” it was the result of “a lack of available foundry wafer starts.” Automakers cancelled their orders for display drivers when it looked like Flu Manchu lockdowns were going to depress the economy for a while, and were caught off-guard by the V-shaped recovery under Trump, and got sent to the back of the line to get their product fabbed after they changed their mind. Remember, just about all foundries are running flat-out 24/7/365, pausing only to switch to different chips for different customers. There’s no slack in the system, and those wafer starts are already spoken for (and possibly paid for) by other customers well in advance. Just as nine woman can’t give birth to a fully grown baby in one month, you can’t just “make chips quicker” in an existing fab.

    Third, remember that cutting edge semiconductor fabs are hideously expensive. Moore’s second law states that the cost of a new, cutting edge semiconductor plant doubles every four years. Samsung’s planned fab in Taylor, Texas is going to cost $17 billion.

    Fourth, nothing about these subsidies will address the real problem with American semiconductors, which is that the overwhelming majority of cutting edge chip designs have to flow through TSMC fabs in Taiwan. What will solve that problem is TSMC opening a state-of-the art fab in Arizona in 2024. No amount of U.S. taxpayer money will make that already-under-construction fab start producing chips any quicker.

    Could these subsidies boost American semiconductor manufacturing 2-3 years from now? Possibly. Knowing the cycling nature of the industry and the tendency of government subsidies to backfire, new/upgraded fab lines might come online just as the industry is experiencing a glut.

    But the real key to restoring America to the cutting edge of semiconductor manufacturing is the already-in-progress inshoring of cutting edge foreign owned fabs from Samsung and TSMC, and having American semiconductor manufacturers like Intel and GlobalFoundries master sub-10nm chip fabrication processes, something they have heretofore been unable to do. (Intel is closer, having been on the cutting edge until they lost their way, while GlobalFoundries stopped all development on their 7nm node because they couldn’t find a way to make the investment pay off.)

    Throwing buckets of budget-busting borrowed taxpayer money around isn’t going to make any of those things happen any faster.

    LinkSwarm for July 15, 2022

    Friday, July 15th, 2022

    The Biden Recession continues to wreck the pocketbooks of Americans, EU economies are sucking even worse than ours, more Bidens Behaving Badly, and unlimited abortion is not nearly as popular among the American public as it is among New York Times staffers.

  • Another month, another 40 year inflation high.
  • More Biden economic magic: “New Job Openings Drop In 47 States, Nationally Down 17%.”
  • The Euro has now reached parity with the dollar for the first time in 20 years.
  • Cold comfort from Peter Zeihan: The economy and food security is going to get much worse, but Europe is going to suffer much worse than America.
  • Support for unlimited abortion is deeply unpopular:

    (Hat tip: Stephen Green at Instapundit.)

  • Widespread criticism of Jill Biden’s failed hispander proves that Democrats are no longer interested in excusing Joe Biden’s many manifest failures.

    Democrats are just tired of Joe Biden and of having to explain away his poor performance. Since Biden was elected, the only thing that has gone right is that the Covid-19 pandemic effectively ended and the unemployment rate has remained low. Inflation is out of control, gas prices are at record highs, grocery bills are skyrocketing, the stock market is getting battered and people’s 401(k)s are shrinking, crime remains high, mass shootings keep bedeviling America’s public spaces, Russia’s invading Ukraine, there’s a global food and commodity crisis, and the Taliban is running Afghanistan and oppressing women again. Democrats are apoplectic that the Supreme Court struck down Roe v. Wade, a New York State gun law, and the EPA’s right to regulate carbon emissions without explicit approval from Congress. Parents are up in arms, the teachers’ unions look like callous fools who kept schools closed and harmed a generation of schoolchildren, and “abolish the police” looks like a suicidal public policy. Republicans notice that waves of illegal immigrants headed north shortly after Biden’s inauguration and haven’t stopped coming since.

    You didn’t even mention the Social Justice insanity and all the transexual madness.

    That New York Times poll found that 64 percent of Democrats want a different presidential nominee in 2024. Nobody’s willing to cover for this guy anymore; no one is inclined to avert their eyes when Biden or his wife blurts out something tone-deaf now.

    There are some of us who would argue that Joe Biden has always been an insecure, abrasive, presumptuous, disingenuous, demagogic, insufferable blowhard who was largely protected by a cozy, all-too-friendly relationship with a press inclined to airbrush his glaring character faults, presenting him as a wacky neighbor or a kindly, ice-cream loving grandpa.

    What we see now is what happens when much of the national media, the Democratic Party establishment, and liberal interest groups stop playing along with the narrative that Biden is a wiser, sharper, kinder, more energetic and sensitive man than he is. And the truth isn’t pretty.

  • Speaking of unwanted Bidens: “Hunter Biden could face prostitution charges for transporting hookers across state lines and disguising checks to them as payments for ‘medical services.'” I’ll believe Hunter Biden prosecution when I see it. Also, I’ve been treating the 4Chan “Hunter Biden iPhone leak” with a certain amount of skepticism. Certainly the Hunter laptop revelations were real, and Hunter is a big enough scumbag to do the the things alleged iPhone leak materials depict. But I try to be cautious about anything that fits too neatly into my preconceptions. (Hat tip: The Other McCain.)
  • “Left-Wing Nonprofit Scores $171.7 Million-$1 Billion Government Contract To Help Illegal Immigrants Avoid Authorities.”

    A liberal non-profit group has been given a taxpayer-funded government contract worth at least $171.7 million — which could potentially reach just under $1 billion — for assisting illegal immigrant minors in avoiding capture or incarceration by U.S. Border Patrol and state officials.

    The Department of the Interior was the awarding agency and “The Vera Institute of Justice,” based out of New York — which supports the “defund the police” movement and has lax views on immigration enforcement — was the beneficiary.

    (Hat tip: Director Blue.)

  • Is paper gold being manipulated?
  • China bubble update: Alibaba just just laid off one-third of its strategic investment team.
  • A look at the sniping war in Ukraine. (Hat tip: Dwight.)
  • Houston demonstrates the case against zoning.

    Thanks in part to a lack of zoning, Houston builds housing at nearly three times the per capita rate of cities like New York City and San Jose. It isn’t all just sprawl either: In 2019, Houston built roughly the same number of apartments as Los Angeles, despite the latter being nearly twice as large. This ongoing supernova of housing construction has helped to keep Houston one of the most affordable big cities in the U.S., offering new arrivals modest rents and accessible home prices even amid seemingly endless demand.

    Houston is by no means a model for planning. Like every other Sun Belt city, it struggles with segregation and sprawl. Yet its continued success as one of America’s most affordable and prosperous cities reveals the workability—indeed, the desirability—of non-zoning. Houston is a profoundly weird place, resistant to seductive oversimplifications. But it provides insight into what comes after the arbitrary lines that have misshapen our cities—and how we might get there.

    So why didn’t Houston adopt zoning like every other U.S. city? The answer comes down partly to process. Unique among major cities, Houston subjected zoning to a citywide vote. While most city councils had, historically, quietly adopted zoning after a few perfunctory public hearings, the Bayou City invited voters to decide on zoning in 1946, 1962, and 1993. Voters rejected it each time—a reality that calls into question the often-postulated popularity of zoning.

    Zoning critics rightly dispensed with the comforting myths surrounding zoning—that its purpose was to merely rationalize land use—and zeroed in on its tendency to restrict new housing construction, limit access to opportunity, institutionalize segregation, and force growth outward. Far from being duped, Houston’s working-class residents exhibited a subtler understanding of the purposes of zoning than many contemporary planners and rejected it accordingly.

    But the answer to why Houston remains unzoned also comes down to politics. Zoning proponents didn’t merely lose the referendums—they were also tactfully bought off by being allowed to have something resembling zoning in their immediate vicinity. Indeed, the dark little secret of non-zoning in Houston is that it depends on a system of land-use regulations known as deed restrictions, which empower certain communities—principally middle- and upper-class homeowners—to effectively “opt out” of non-zoning, writing their own land-use rules for their own neighborhoods. In exchange, Houston is able to protect the vast majority of the city from the types of arbitrary-use distinctions, density limits, and raucous public hearings that cause so much harm in every other U.S. city. That is to say, in exchange for respecting pockets of private land-use regulation, Houston is able to grow, adapt, and evolve like no other city.

    Deed restrictions are private, voluntary agreements among property owners—typically the homeowners of a particular subdivision or neighborhood—regulating how they can and cannot use their land. These rules are literally tied to the deed, meaning that a property owner must agree to them as a condition of the sale. Since the failed 1962 zoning referendum, the city has enforced these agreements on behalf of the relevant parties, refusing to issue permits that run afoul of their provisions and bringing legal action against violators.

    Is this system of publicly enforced deed restrictions “basically zoning,” as some might argue? On the one hand, deed restrictions—like zoning—demarcate specified areas subject to a distinct set of stricter land-use rules. Both zoning and deed restrictions in Houston are enforced by the government, principally with the aim of propping up home values and maintaining a certain quality of life. Many deed restrictions even have rules banning apartments and enforcing a strict two-and-a-half-story height limit.

    Yet, the similarities end there, and Houston’s system of deed restrictions is a significant improvement over zoning. For starters, deed restrictions only cover an estimated quarter of the city, largely in areas with low-rise, detached, single-family housing. Industrial areas, commercial corridors, mixed-use and multifamily neighborhoods, urban vacant lots, and yet-to-be-developed greenfields are virtually never subject to their provisions. This means that roughly three-quarters of Houston—including its more dynamic sections—are largely free to grow without anything even resembling zoning holding them back.

    Another key difference is that deed restrictions must be voluntarily opted in to. This serves to discipline deed restrictions in a way that is rarely true of zoning: If the rules are stricter than what prospective homebuyers might prefer, or not strict enough, or simply focus on the wrong concerns, this may translate into lower home values. This in turn nudges homeowners to think through the optimal form of land-use regulation to a degree that rarely happens with zoning.

  • Speaking of Houston, a new poll shows Harris County judge Lina Hidalgo in a dead heat with Republican challenger Alexandra del Moral Mealer. November will be a good time to determine if the Hispanic realignment in Texas extends to America’s fourth largest city.
  • After deciding to let drug-abusing transients use their restrooms, Starbucks is now closing 16 stores because of rising violence, and the fact that transients are shooting up in their restrooms. Golly, who could have possibly seen that coming?
  • “White progressives do not have the moral authority to excommunicate a black man from his race because they disagree with him.”
  • Best gun oil? Project Farm does some testing, and Clenzoil and BreakFreeCLP come out on top.
  • Beto O’Rourke Lags in the Polls.” Try to contain your shock. And I bet the polls overstate his popularity…
  • Score another one for the good guys.

    Another Texas school superintendent has stepped down amid criticism from parents concerned about liberal indoctrination in their children’s classrooms.

    At a special meeting Monday afternoon, Clear Creek Independent School District’s board of trustees accepted the retirement of Superintendent Eric Williams, effective in January 2023.

    Conservative parents in the Houston-area district had complained that Williams, who started in early 2021, was subjecting their students to liberal ideologies he brought from his former job as superintendent of

  • Justice for Jim Thorpe.
  • Somebody didn’t listen to Jack Handy. (Hat Tip: Ann Althouse.)
  • “San Francisco DA Announces Innovative New Plan To Arrest People For Breaking The Law.”
  • Been super hot in Austin this week, but there are ways to keep cool:

  • LinkSwarm for July 8, 2022

    Friday, July 8th, 2022

    More pain at the pump, an assassination in Japan, and a whole new crop of Democrat child sex offenders. It’s the Friday LinkSwarm!
    

  • Why you can indeed blame Joe Biden for high gas prices.

    On May 12, Biden’s Interior Department blocked a proposal to open up more than one million acres of land in Alaska for oil and gas drilling. Two days later, Biden’s Environmental Protection Agency blocked plans to expand an oil refinery in the US Virgin Islands.

    Biden and his defenders said he had to block the expansion of the Virgin Islands refinery, given how polluting it was.

    But had Biden’s EPA allowed the Virgin Island refinery to expand, the owners would have poured nearly $3 billion into retrofitting the plant so it produced gasoline and other products more cleanly, while significantly increasing production at the same time.

    In truth, there are many things Biden could have done, and still should do, to lower energy prices. He could invoke the National Defense Act to accelerate the rate of oil and gas permits. He could set a floor of $80/barrel for re-filling the Strategic Petroleum Reserve (SPR), which would be a powerful incentive for the industry, because it would prevent prices from falling to unprofitable levels. Biden could announce trade agreements with American allies to supply them with liquified natural gas, which would incentivize more natural gas production and lower prices.

    If Biden got America on a wartime footing, as he should be given Russia’s aggression in Europe, we would see the lowering of oil, gas and petroleum prices in less than one year.

    Why won’t Biden do it? Because he has declared war on fossil fuels. “I guarantee you, we’re going to end fossil fuel,” Biden promised a student climate activist in 2019. “I am not going to cooperate with them,” he said, referring to the oil and gas industry.

  • Related: “Despite Record Gas Prices, Biden Rejects New Drilling in Atlantic and Pacific.”

    Joe Biden has proven once again that he has no interest in reducing the record-high costs of gasoline, which have gone up throughout his time in office.

    Biden not only wants to block all new oil drilling in the Atlantic and Pacific Oceans, but he’s also taking steps to shut down exploration of oil and gas on federal lands.

    “A plan released Friday shows the White House proposed no more than 10 potential lease sales in the Gulf of Mexico, an option for one potential lease sale in the northern portion of the Cook Inlet of Alaska, and no lease sales for the Atlantic or Pacific planning areas over the 2023-2028 period,” reports Breitbart. This plan is not finalized, however, but any potential areas of exploration or sale not mentioned in the proposal will reportedly be off-limits from 2023-2028.

    (Hat tip: Stephen Green at Instapundit.)

  • Former Japanese Prime Minister Shinzo Abe assassinated by a man with a homemade shotgun while giving a speech.
  • Abe’s Japan was a reliable ally to the United States. But we should not let the shocking assassination blind us to the fact that Abe’s much-praised (by western MSM outlets, anyway) runaway deficit spending “Abenomics” efforts to lift Japan out of its long-running recession were a colossal failure, jacking up Japan’s national debt to the highest debt-per-GDP ratio in the world while failing to measurably increase actual economic activity.

  • How our feckless woke elites are ruining the military.

    Here’s a little leadership secret that’s actually not a secret at all to competent commissioned and non-commissioned officers. There are no bad cohorts of soldiers, sailors, airmen, Marines, Coast Guardsmen and whatever the hell Space Force people are called. There are only bad leaders, and we have the worst military leadership in American history, starting right at the top with a commander-in-chief who is less like Ike than Beavis.

    In fact – and this rips me up to say because I would not trade my about 27 years in the Army for anything – the reluctance to enlist of the traditional, normal Americans who are most likely to serve and who are the most desirable for service, is entirely rational. You do have an obligation to serve your country in some way, the military being the highest and best way for those who are able. But you do not have an obligation to do so if your life is going to be squandered by a leadership whose strategies are a disaster, whose priorities are not the defense of this country but some sort of bizarre pan-global progressive ideology, and who will use you as a guinea pig in freakish and morally bankrupt social experiments, all while failing to fulfill even the most basic obligations of the leaders to the led. Our military today is failing to meet its recruiting goals because it has failed to earn the trust of normal Americans who would otherwise be inclined to raise their hands.

    Snip.

    That social justice nonsense is another reason we can’t recruit. Would you want to waive your civil rights and sleep in the dirt to be part of an institution that hates you? Would you feel like joining an organization whose leadership is very, very focused on mythical “white privilege” and those scary “insurrectionists?” Remember, if you are conservative, you are an official extremist threat. If you are a believer, you run afoul of the official morality of CRT. If you think men can’t become women because they feel like it, you are a horrible bigot and you will be ordered to lie and use the pronoun du jour or else.

  • This is your city on Woke: “Over 400,000 High-Priority Incidents In Chicago In 2021 Had ‘No Police Available To Send.'”
  • Problem: GPS tracker for bonded suspect in Detroit shows him participating in a drive-by and other gun crimes. Solution: Judge orders the GPS tracker removed. (Hat tip: Mike the Musicologist.)
  • Speaking of Democratic Party-ruled city approaches to crime, look at the New York City case against Jose Alba, who “was sitting in his store working and was no harm to anyone. Then the perpetrator came behind the counter and attacked him.” Alba defended himself by killing his attacker with a knife. Naturally, Soros-backed DA Alvin Bragg charged Alba with murder.
  • The Social Justice Warrior love affair with pedophiles continues: “Top New Biden Staffer Defended Underage, Gay Prostitution Website Raided By Feds.”
  • Speaking of Biden-related pedophiles: “Another Democrat Sent to Prison for Child Sex Crimes. Biden campaign surrogate Jerry Harris gets 12 years for solicitation, sexual assault.” (Hat tip: Ed Driscoll at Instapundit.)
  • “The owner of a Washington sex shop, who also serves as the director of the local school board, is hosting a pair of sex education workshops for children as young as 9 years old. Jenn Mason, the owner of the Wink Wink Boutique in Bellingham, Washington, and the director of the Bellingham School Board, is hosting a sex-ed workshop titled ‘Uncringe Academy: Sex Education Without (most) of the Awkward’ for children ages 9-18.” If the story seems familiar, it’s because she tried to do the same thing in May. According to their website, she’s still a Bellingham School Board Director.
  • More companies migrating from blue to red states, including Texas. We’ve covered this a whole bunch of times before…
  • The Biden Administration sues Arizona for demanding proof of citizenship to vote.
  • Speaking of preventing voting fraud, the Wisconsin Supreme Court outlawed drop boxes and ballot harvesting.
  • More on four gun control cases the Supreme Court sent down to be reexamined.
  • Breaking: Elon Musk giving up on buying Twitter?
  • “The ailing #WokeSuperheroes and teenagers-talking-in-hallways network The CW has been sold for zero dollars.” Plus $100 million in debt assumption. Bonus: Critical Drinker reviews Batwoman.
  • Truly insane charter bus build.
  • Important safety tip: Don’t do this:

  • Or This:

  • Chocolate dragon:

  • “Democrats Proudly Introduce The ‘Raise Gas Prices Even Higher And Make More Kids Trans’ Bill.
  • Texas Woman Pleads Guilty To 26 Counts Of That Voter Fraud Democrats Swear Doesn’t Exist

    Sunday, June 26th, 2022

    Don’t look now, but the Texas Attorney General’s office just announced a woman pleading guilty to 26 counts of that voter fraud Democrats swear doesn’t exist.

    Texas Attorney General Ken Paxton announced his office’s latest election integrity prosecution in Victoria County. Monica Mendez of Port Lavaca pleaded guilty to 26 felony counts of voter fraud, including three counts of illegal voting, eight counts of election fraud, seven counts of assisting a voter to submit a ballot by mail, and eight counts of unlawful possession of a mail ballot. Mendez ran a vote-harvesting operation on behalf of a subsidized housing corporation in order to influence the outcome of a utility board election.

    A utility board election. Stakes that low and here’s demonstrable proof that someone thought it was worth committing voter fraud. Imagine how much more temptation there must be to commit voting fraud in a presidential election?

    Texas Scorecard has more details.

    A Victoria County grand jury indicted Mendez on 31 felony election fraud counts:

  • 7 counts of illegal voting (second-degree felony—2 to 20 years in prison, fine up to $10,000)
  • 8 counts of unlawfully assisting a voter voting by mail (third-degree felony—2 to 10 years in prison, fine up to $10,000)
  • 8 counts of unlawful possession of a ballot (state jail felony—180 days to 2 years in jail, fine up to $10,000)
  • 8 counts of election fraud (state jail felony)
  • The charges relate to eight mail-in ballots in a May 2018 water district board election in Bloomington, a town of around 2,000 residents near Victoria.

    The Texas Secretary of State referred the case to the AG’s office for criminal investigation after receiving reports from residents of possible illegal voting activities ahead of the election, including about 275 new voters who registered using the same mailing address—a P.O. box associated with a local nonprofit housing provider ALMS.

    Tenants said ALMS threatened to raise their rent if they didn’t vote for their landlord’s preferred water board candidates. ALMS wanted to oust the incumbents because they said the water district overcharged for services at their rental properties.

    In 2016, Texas Rangers investigated similar allegations that ALMS coerced tenants to vote for certain candidates.

    Authorities haven’t said which candidate or candidates may have benefited from Mendez’ alleged ballot harvesting.

    A total of 563 ballots were cast in Bloomington’s 2018 water district election. Each voter chose up to three of the six candidates, and the top three were elected.

    Just 12 votes separated the third- and fourth-place finishers.

    I’ve seen various reports that Mendez is a Democrat (which the “subsidized housing corporation” part would suggest), but I am unable to find definitive proof of that. If you have any, feel free to share it in the comments below.