Target loses $9 billion in market cap for trying to tranny dress toddlers. I would boycott them over that, but I was already boycotting them over the tranny bathrooms.
“‘There’s Poop Everywhere’: San Francisco’s Office District Not Only A Ghost Town, It’s Also Covered In Sh*t.”
Everyone knows that San Francisco is the nation’s largest public toilet – requiring the city to employ six-figure ‘poop patrol’ cleanup team, however a new report from the city Controller’s Office really puts things in poo-spective.
For starters, feces were found far more often in commercial sectors, covering “approximately 50% of street segments in Key Commercial Areas and 30% in the Citywide survey,” second only to broken glass as can be seen in the ‘illegal dumping’ section.
If you’re wondering about the city’s fecal methodology, look no further than a footnote on page 43;
Feces also includes bags filled with feces that are not inside trash receptacles. Feces that are spread or smeared on the street, sidewalk, or other objects along the evaluation route are counted. Stains that appear to be related to feces but have been cleaned are not counted. Bird droppings are excluded.
As far as where most of the poo is found, Nob Hill takes the top spot, followed by the Tenderloin and The Mission districts.
“After California health authorities in 2014 imposed a mandate requiring requiring churches to provide elective abortion coverage to its employees, four churches sued, and after a long court battle, have now won a $1.4 million settlement.” (Hat tip: Sarah Hoyt at Instapundit.)
In a classic case of bad timing, Tim Scott also announced that he’s running for president. I don’t see him making much headway against Trump or DeSantis, but he’s a serious veepstakes contender.
C. Boyden Gray, RIP. Among his most important tasks was spearheading the campaign for Clarence Thomas’ nomination to the Supreme Court.
It’s weird to be on the same side of an issue as Taco Bell. Namely that no one should be able to trademark “Taco Tuesday.”
Citing air-worthiness concerns, the FAA grounds the…B-17? Good to know they’re finally working through that 1946 backlog… (Hat tip: Dwight.)
The first rule of baggage claim fight club is you don’t talk about baggage claim fight club. The second rule of baggage claim fight club is that the blue zone is for loading and unloading only.
What is it like to cross the Darien Gap by car? A green hell.
Florida Governor Rob DeSantis has made it official that he’s running for President in 2024. Right now I’m backing DeSantis over Trump, not for the reasons floated by the TDS-riddled, cruiseship class “conserving conservatism” crowd, but because DeSantis has constantly, consistently and repeatedly taken the fight to the social justice warrior set to combat their quest to fundamentally alter America in the name of neo-Marxist victimhood identity politics.
Also, he signed a pro-school choice vouchers bill, which attacks the SJW/teacher’s union education establishment by letting parents remove children from their clutches.
And much more in that vein.
We can debate various other positions of Trump and DeSantis, but DeSantis has been much more active in fighting the far-left social justice warrior agenda than Trump was while President. DeSantis has crushed his SJW enemies, driven identitarians before him and heard the lamentations of their shemales.
Trump may drive the left crazy, but it’s DeSantis that has the hill of skulls surrounding his throne.
The Russian Collusion Hoax is now officially bunk, Budweiser’s self-inflicted freefall continues, blue city commercial real estate bites the moose, and a whole lot of shocked face to go around. It’s the Friday LinkSwarm!
The Department of Justice and the FBI did not have “any actual evidence of collusion” between Russian officials and Donald Trump’s 2016 presidential campaign, and began their Crossfire Hurricane probe of Trump’s campaign based on “raw, unanalyzed, and uncorroborated intelligence,” according to a report released on Monday by special prosecutor John Durham.
Durham scolded federal law enforcement and counter-intelligence officials for failing to “uphold their important mission of strict fidelity to the law” as part of their investigation.
He wrote that at least one FBI agent criminally fabricated language in an email that was used to obtain a FISA surveillance order. And he accused FBI leaders of displaying a “serious lack of analytical rigor” and relying significantly on “investigative leads provided or funded (directly or indirectly) by Trump’s political opponents,” referring to staffers and allies of Hillary Clinton, then the Democratic presidential nominee, whose campaign funded the Steele dossier through its law firm Perkins Coie.
Compiled by former British intelligence agent Christopher Steele, the dossier is an unverified collection of opposition research accusing then-candidate Trump and his campaign aides of collaborating with Kremlin officials. The FBI used the dossier to secure a FISA warrant to surveil Trump campaign aide Carter Page, though its central claims were subsequently disproven by Special Counsel Robert Mueller’s investigation.
The report notes that the FBI was quick to investigate Trump, while it proceeded cautiously with allegations against Clinton.
The 316-page report sent to Congress was nearly four years in the making. It concluded that neither federal law enforcement nor intelligence officials “appears to have possessed any actual evidence of collusion in their holdings at the commencement of the Crossfire Hurricane investigation,” which the FBI “swiftly opened.”
The report accuses federal officials of acting “without appropriate objectivity or restraint.” Peter Strzok, then the FBI’s deputy assistant director for counterintelligence, opened the investigation “immediately” at the direction of Andrew McCabe, then the FBI’s deputy director. “Strzok, at a minimum, had pronounced hostile feelings toward Trump,” the report states.
It states that former FBI attorney Kevin Clinesmith “committed a criminal offense by fabricating language in an email that was material to the FBI obtaining a FISA surveillance order.”
Durham wrote that FBI officials continued to seek FISA surveillance while acknowledging that “they did not genuinely believe there was probable cause to believe that the target was knowingly engaged in clandestine intelligence activities on behalf of foreign power, or knowingly helping another person in such activities. And certain personnel disregarded significant exculpatory information that should have prompted investigative restraint and re-examination.”
“Based on the review of Crossfire Hurricane and related intelligence activities, we conclude that the Department and the FBI failed to uphold their mission of strict fidelity to the law in connection with certain events and activities described in this report,” Durham wrote.
“Gov. Newsom Announces California Budget Deficit Bigger than Projected.” Legal Insurrection has already used the “unexpectedly” here, so I’ll just note that Newsom is the far lefty a whole lot of Democratic Party power players want to substitute for Biden at the top of the ticket in 2024.
“NIH Renews Funds for ‘Bat Coronavirus’ Research despite Energy Department, FBI’s Lab-Leak Conclusion.” That’s like catching Mrs. O’Leary’s cow after she’s burned down Chicago, strapping lit fireworks to her body and letting her loose in the dynamite factory.
“Things are so bad, in fact, that 26 Empire State Buildings could fit into New York City’s empty office space, as occupancy in the city is hovering around 50% of prepandemic levels.”
“In San Francisco, the downtown area is experiencing its worst office vacancy crisis on record – with 31% of space available for lease or sublease, the SF Chronicle reports.”
Bud Light finds out there’s no bottom to their tranny pander pit. “Sales volumes of Bud Light fell by 23.6 percent in the week ended on May 6, according to retail scanner numbers cited by Beer Business Daily that are based on Nielsen IQ data. That’s a drop from the 23.3 percent slide Bud Light suffered in the final week of April.”
Finnish nuclear plant coming online drops spot energy prices by 75%.
Republican governors released a joint statement on Tuesday pledging to assist Texas in securing its border with Mexico.
In response to Gov. Greg Abbott’s request for assistance, twenty-four Republican governors committed to helping secure the 1,254-mile-border and commended the Texas Republican for the recent actions he was forced to take due to the failures of the Biden administration’s open-border policies, according to the Washington Examiner.
“The federal government’s response handling the expiration of Title 42 has represented a complete failure of the Biden Administration,” the joint statement reads. “While the federal government has abdicated its duties, Republican governors stand ready to protect the U.S.-Mexico border and keep families safe.”
“All states have suffered from the effects of deadly illegal drugs coming across the border, and every state is a border state due to the devastating influx of drugs in our communities. Republican governors are leading the way to address the border crisis by increasing fentanyl sentencing and increasing support for law enforcement interdiction of drugs, among other measures,” they continued.
“Texas Governor Greg Abbott has exemplified leadership at a critical time, leading the way with Operation Lone Star, and deploying the Texas Tactical Border Force to prevent illegal crossings and keep the border secure. We support the efforts to secure the border led by Governor Abbott.”
On Tuesday afternoon, Abbott sent an urgent request to all of the nation’s governors asking them to band together to defeat the invasion at the US/Mexico border, something he said impacts every community in the United States.
“The flood of illegal border activity invited by the Biden Administration flows directly across the southern border into Texas communities, but this crisis does not stop in our state. Emboldened Mexican drug cartels and other transnational criminal enterprises profit off this chaos, smuggling people and dangerous drugs like fentanyl into communities nationwide,” Abbott wrote.
“In the federal government’s absence, we, as Governors, must band together to combat President Biden’s ongoing border crisis and ensure the safety and security that all Americans deserve,” he requested.
While no Democratic governors responded to the letter, twenty-four Republicans pledged to help from states which include: Alabama, Alaska, Arkansas, Georgia, Idaho, Indiana, Iowa, Missouri, Mississippi, Montana, Nebraska, North Dakota, New Hampshire, Nevada, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Utah, Virginia, West Virginia, and Wyoming.
Jorge Mijares left Venezuela months ago — last November, he says. He’s been in Ciudad Juarez, across the Rio Grande River from El Paso, for four weeks. But he planned to cross over Thursday night, as Title 42 immigration restrictions ended.
“I have the app,” said Mijares, 54. “I’m just waiting for it to tell me when to go.”
He’s not concerned about the Biden administration’s warnings against migration. After all, he has many friends who have made it across — safely.
There’s an app that tells you how to break U.S. immigration laws. Of course there is. Silly of me to be even slightly surprised. “The street finds its own uses for things” as the now-elderly cyberpunks used to say…
Twisted Sisiter’s Dee Snider is not down with your tranny madness. You submitted this with a better “we’re not going to take it” pun.
Speaking of tranny madness: Cross-dressing serial thief Samuel Brinton arrested as a fugitive from justice.
If you’re stressing over your taxes, you might be slightly relieved to know that they’re not due until April 18. Thus week: More Blue City violence and decline, lots of Social Justice Warrior backlash, Facebook shows snowflakes the door, and Budweiser commits brand suicide.
“Ex-ABC Senior Producer Who Rolling Stone Covered For Indicted On Child Porn Charges. Former ABC senior producer James Gordon Meek has been indicted on three counts of child pornography nearly one year after the FBI raided his Arlington, Virginia home.”
Something about the apparently random street murder of Silicon Valley tech executive Bob Lee seems to have overturned a crawly rock in San Francisco’s political scene, suggesting a brewing power struggle on the horizon.
On the one hand, we have a very vocally angry Silicon Valley tech community speaking out about the out-of-control crime situation in the city, with the valued and talented Lee’s untimely death from some night creature who crawled out from some sewer or encampment and stabbed him to death, quite possibly in a drug-addled haze. That’s expected if you live in a place full of bums and criminals, but Lee didn’t live in a place full of bums and criminals. He had actually fled the city for Florida based on its engulfing crime and come back only for a brief business trip.
On the other hand, we have a soggy, entrenched political establishment seeking to assure that there’s really no crime problem at all. This is evident enough in the “crime is down” coverage seen in the political establishment’s house organ, the San Francisco Chronicle, and in the surreal statements of the city hall power establishment, which is rooted in special interests, particularly the most powerful one, the homeless industrial complex. I wrote about that here. San Francisco currently spends about as much on homeless “services” as it does on police, and by some studies such as the one cited below, actually more.
Not surprisingly, as per Thomas Sowell’s observation, you can have all the poverty you want to pay for, and San Francisco pays a lot.
The Hoover Institution’s Lee Ohanian has noted:
Spending $1.1 billion on homelessness is just the latest installment in San Francisco’s constant failure to sensibly and humanely deal with an issue that it chronically misdiagnoses and mismanages about as much as is humanly possible. Since fiscal year 2016–17, San Francisco has spent over $2.8 billion on homelessness, and the city’s politicians remain seemingly baffled, year after year, as the number of homeless in the city skyrocket, as opioid overdoses kill more than COVID-19, and as the city has become nearly the most dangerous in the country. https://www.hoover.org/research/why-san-francisco-nearly-most-crime-rid….
Since 2016, the number of homeless in San Francisco has increased from 12,249 to 19,086, which comes out to about $57,000 in spending per homeless person per year. With a total population of about 860,000, roughly 2.2 percent of San Francisco residents are homeless, which is over 12 times the national average. There is little doubt that as San Francisco spends more, homelessness and its impact on the city worsens.
Do the homeless get that $57,000 being spent on them? Of course not. The princelings of the NGO establishments got that money — for themselves. That’s what’s made them politically powerful, enough to call the shots at city hall.
Democrats and Social Justice Warriors view homelessness as a huge profit center, and seek to increase the ranks of the homeless at every opportunity.
Also, an arrest was made in the Lee case and it was a fellow tech guy who knew him. “A tech executive named Nima Momeni was arrested by San Francisco police Thursday morning in the April 4 killing of Cash App founder Bob Lee…Lee and Momeni were portrayed by police as being familiar with one another. In the wee hours of April 4, they were purportedly driving together through downtown San Francisco in a car registered to the suspect.” So not a random gibbering drug-addicted transient.
Speaking of San Francisco street crime, a Whole Food closes one year after opening due to violence and theft.
A St. Louis judge sanctioned St. Louis Circuit Attorney Kim Gardner’s office last week for allegedly withholding evidence in a double-murder case, while allowing the suspect out on bond, amid rising criticism about left-wing prosecutors allowing crime to flourish in major U.S. cities.
Alex Heflin, 23, was held without bond since January after he was initially charged with two counts of second-degree murder and armed criminal action, local media reported. But those charges were recently reduced to involuntary and voluntary manslaughter before he was released, while his April 17 trial has been postponed until June 12.
Judge Theresa Counts Burke ruled in favor of Heflin’s lawyers after they filed a motion accusing a prosecutor under Gardner of violating discovery rules. They alleged that her office did not turn over evidence, including a 911 call recording and DNA evidence.
“The court finds that there have been repeated delays by the state in obtaining discovery and providing it to the defense,” Burke wrote, according to local reports.
“There has been a lack of diligence on the part of the state in following up and providing discovery to the defendant in a timely fashion. As a result of the state’s actions and lack of diligence, the court grants defendant’s second motion for sanctions.”
Under Burke’s order, Heflin will have to remain on GPS monitoring. She also ordered the circuit attorney’s office to hand over their list of witnesses within 24 hours, provide DNA test results within 24 hours, or ask a crime lab for the DNA results.
“Molotov balloons are a ball filled with sulfuric acid, but white strips are a type of paper treated with potassium chlorate and a sugar mix. When the balloon breaks, the acid reacts with the potassium chlorate and sugar, which causes ignition.”
Another girlboss indicted: “Penn grad Charlie Javice, founder of Frank, charged with fraud over $175M JPMorgan deal.” Seems the heart of the indictment is fake users.
Prosecutors and the SEC allege that Javice orchestrated a scheme to deceive JPMorgan into believing that Frank had access to valuable data on 4.25 million students who used the company’s service when in reality the number was less than 300,000.
Prosecutors said when JPMorgan (NYSE: JPM) sought to verify the number of Frank users and the amount of data collected about them, Javice fabricated a data set. She is alleged to have an unnamed co-conspirator who first asked Frank’s director of engineering to create an artificially generated data set. Prosecutors said the director of engineering declined the request after expressing concerns about its legality.
Javice, according to prosecutors, then approached an outside data scientist and hired him to create the synthetic data set — which was then provided to an agreed-upon third-party vendor in an effort to confirm to JPMorgan that the data set had over 4.25 million rows.
Based on that alleged fraudulent data, prosecutors said JPMorgan agreed to buy Frank for $175 million. As part of the deal, the nation’s largest bank hired Javice and other Frank employees. Prosecutors said Javice received over $21 million for selling her equity stake in Frank and, per the terms of the deal, was to be paid another $20 million as a retention bonus.
Prosecutors said as the fabricated data set was being created, Javice and her co-conspirator sought to purchase real data for over 4.25 million college students to cover up their misrepresentations.
Treading the fine line between “fake it until you make it” and “interstate wire fraud.”
Bud light tranny pander wrecks brand. “I’ve never seen such little sales [as] in this past few days.”
If I were tracking the 2024 Republican Presidential Primaries the way I tracked the 2020 Democratic Presidential Primaries (I’m not; the Democratic Presidential Clown Car Update was a huge pain in the ass and I don’t have the time to spend on it), Vivek Ramaswamy is exactly the sort of fringe candidate I’d give some time and attention to.
Vivek Ramaswamy, the millionaire entrepreneur and author of Woke, Inc., told National Review on Monday that he is “strongly considering” a run for president and expects to make a decision “very soon.”
Ramaswamy said he’s been drawn to the idea of running to address a “national identity crisis” that has left Americans hungry for purpose, meaning, and identity.
“We are at a point in our national history when the things that used to fill that void — faith, patriotism, hard work, even family — have disappeared,” he said, adding that in its absence, “wokeism, climate-ism as an ideology, radical gender ideology, Covidism” have become secular religions that fill that “black hole of identity.”
Conservatives have gotten too good at pointing out the problem and “trying to stamp out the poison without actually addressing the real problem,” said Ramaswamy, who has been dubbed the “CEO of Anti-Woke Inc.” The solution, he says, is to “fill that identity void with a vision of American national identity that runs so deep, that it dilutes the secular agendas to irrelevance.”
Those such as President Biden who deliver a vision of national unity by beginning in the middle and calling for compromise are doing it wrong, Ramaswamy said. In order to build unity, the country must return to the “extremism of the ideas that set America into motion: free speech, unbridled meritocracy,” he said.
“I think most people believe these ideals and most people think their neighbors and their colleagues believe these ideals to be true as well, but they can’t be sure anymore, because they don’t feel free to talk about it,” he said. “And so that’s been one of the hallmarks for me, is to start talking openly, again, to lead the way by actually doing it.”
Ramaswamy founded biotech company Roivant Sciences in 2014 and served as its CEO until 2021. That year, he published Woke, Inc.: Inside Corporate America’s Social Justice Scam, which says that despite “rosy promises of a better, more diverse, environmentally-friendly world,” stakeholder capitalism “robs us of our money, our voice, and our identity.”
In May 2022, Ramaswamy announced the launch of his new financial firm, Strive, which would focus on “excellence capitalism” rather than encouraging American corporations to get involved in social or environmental issues.
The Ohio-based firm was created to solve what it says is a fiduciary problem created by investment companies such as BlackRock, Vanguard, and State Street, which have used clients’ funds to “exercise decisive influence over nearly every U.S. public company to advance political ideologies that many of their clients disagree with.”
“Over the last two years, I have traveled the country and listened to the concerns of everyday Americans who want to be heard in the places where they shop, work and invest,” Ramaswamy said in a statement at the time. “We want iconic American brands like Disney, Coca-Cola and Exxon, and U.S. tech giants like Twitter, Facebook, Amazon and Google to deliver high-quality products that improve our lives, not controversial political ideologies that divide us. The Big 3 asset managers have fueled this polarizing new trend in corporate America, and that’s why we’re going to compete with them head-on to refocus American companies on the shared pursuit of excellence over politics.”
In September, Ramaswamy published his second book, Nation of Victims: Identity Politics, the Death of Merit, and the Path Back to Excellence.
He told National Review on Monday that he has been working to create a space for open conversations about a return to American ideals in recent years.
“I wasn’t free to speak as an elite CEO or the other environments I had been in, but I purposefully stepped aside from my job as a CEO to make this my mission over the last three years, to start talking openly,” he said.
He wants to “revive the American dream in the 21st-century context,” a vision that is of personal importance to Ramaswamy who has “lived the full arc of the American dream” as a first-generation Indian American. Ramaswamy, who attended Harvard for undergrad before attending Yale Law, is the son of a General Electric engineer and a geriatric psychiatrist.
Another box he checks is “Can self-fund,” as he is reportedly worth $500 million. That’s the sort of money that can easily get you to the finish line…in a senate or governor’s race. As Tom Steyer and Michael Bloomberg proved, spending $50 to $200 million
Is he a better speaker than Steyer or Bloomberg? That’s a pretty low bar, but yes:
That’s the latest video from his YouTube channel. Which, as of this writing, has 44 views.
So you can begin to see the scope of the problem.
Ramaswamy is a guy who might make a serious candidate for a lower-level job, but who wants to run for President as an outsider message candidate. In that sense, he’s a lot like Andrew Yang was for Democrats in 2020. But while Yang’s message was a bit eclectic for Democrats, Ramaswamy’s seems to be a lot closer to the default position for Republicans. It’s hard to see the necessary war against radical social justice being a wedge he can use to calve votes from higher profile and more experienced candidates.
It would be great if there were a Republican candidate in the 2024 Presidential race who was running to destroy wokeness…and who was also a proven elected leader of a large, successful state.
Like, say, Florida.
That’s the sort of candidate a majority of Republicans could get behind…
Now that it’s less than two years before the 2024 Presidential election, a small crop of Republicans whose last names are not “DeSantis” or “Trump” seem to have convinced themselves that they’re viable Republican presidential candidates. These people are either wrong or running for Vice President. The lack of enthusiasm for all four of the would-be candidates is palpable.
Former UN Ambassador and South Carolina Governor Nikki Haley. For some reason (photogenic?), NRSC has been using her as one of their email begathon pitch-critters for a while, which probably explains why I’ve been receiving countdown emails (“I’m making a special announcement in 6 days.”) for her-not-even-remotely anticipated run. One struggles in vain to find the significant party faction Haley appeals to. Soft feminist Republican businesswomen? Indian-Americans? Plus: She appointed Tim Scott to the senate. Minuses: Backed Rubio in 2016, and was soft on culture war/social justice issues until about late 2020, and refused to fight transgender bathrooms, very low-hanging fruit for actual conservatives, back when she had a chance as SC Governor. No thank you. Effectively running for Vice President.
Former Vice President Mike Pence. Former Vice Presidents (Nixon, Bush41) used to have the inside tract to a White House nod in the Republican Party, but those days are gone. A solid, unexciting Vice President in the Walter Mondale mode for the first 46 months of his term who royally pissed off Trump supporters with his words and deeds in the last two months. Rational or not, Trump supporters now seem actively hostile to a Pence run, and since they were his only potential base of significant support (and only if Trump didn’t run), that’s a real obstacle, despite him checking almost all of the right policy boxes. If he runs (I have my doubts, as he doesn’t seem to have even his own website), he’s effectively running in the John Kasich lane (right down to the “unexciting Midwestern governor” background), which is a one-way ticket to Palookaville. No thank you. The only candidate here that we know isn’t running for Vice President.
Former Secretary of State Mike Pompeo. There was a time when being Secretary of State was a solid stepping stone to The White House. And that time was “the early 1800s,” as Martin van Buren was the last to do it, and only after a stint as Vice President. Which is bad news for Pompeo, arguably the most successful Secretary of State since James Baker. Between the Abraham Accords and keeping the War on Terror coalition together long enough to destroy the nascent caliphate of the Islamic State, Pompeo was a vast improvement over the largely ineffective Rex Tillerson, and worked well with foreign nations and international organizations that were, to put it mildly, not wild about his boss. And he has some other impressive credentials as well. “He graduated first in his class from West Point, and from Harvard Law and was on Harvard Law Review. After six years in the House of Representatives, he became CIA director for Trump, and then secretary of state – the only person ever to hold both jobs.” His short congressional tenure earned him a 97% score from the ACU. For me one of the biggest problems with Pompeo is that, like Haley, I primarily know his post-office career as a guy constantly in my inbox begging for money, and also talking like a career politician that’s already cranking up the baloney factory before properly introducing himself for a run. As Beto O’Rourke found out, three terms in the house is exceptionally thin electoral experience for a Presidential run. Plus his attempt to use “pipehitter” as a catchphrase for some sort of imaginary blue collar credibility was just laughable, as the term conjures drug addicts rather than plumbers. There’s just a bit too much standard issue political phoniness here, and Pompeo strikes me as someone who’s time has already passed. No thank you, but the softest no thank you of these four.
New Hampshire Governor Chris Sununu. I was only vaguely aware of Sununu The Younger, but his attack on DeSantis for having the balls to fight the poison of social justice instantly rocketed him to the bottom of my list. You would think Romney’s failure would have soured the party on moderate business-oriented governors, but evidently Sununu didn’t get the memo. Likewise, I doubt modern voters are interested in voting for Bush Lite The Next Generation. No thank you. An unwillingness to actual fight for conservative values is automatically disqualifying, and I don’t him bringing anything to the table as a Veep pick.
So there you have it. Four people who are not going to be the Republican Presidential Nominee in 2024.
Here’s a longer-than-usual LinkSwarm, since last week’s edition was wiped out by the ice storm power outage.
The leftwing corruption of all government institutions continues apace. “US lost 287,000 jobs while government was reporting +1 million in gains.” (Hat tip: Instapundit.)
“That’s because economic growth is slowing down,” explains research fellow EJ Antoni. “Even the areas which contributed positively to gross domestic product (GDP) are not necessarily signs of prosperity. For example, business investment grew at only 1.4 percent in the fourth quarter, but that was almost entirely inventory growth. Nonresidential investment, a key driver of future economic growth, was up just 0.7 percent.”
“Meanwhile, residential investment fell off a cliff,” Antoni continued, “dropping 26.7 percent as consumers were unable to afford the combination of high home prices, high interest rates and falling real incomes. No wonder homeownership affordability has fallen to the lowest level in that metric’s history.”
There was a gain in net exports, but that was largely a mirage created by a major slowdown in international trade. “Imports are simply falling faster than exports, which shows up as an increase in GDP.”
But probably most concerning to Antoni is the sharp decline in real disposable income in 2022, which exceeded $1 trillion.
“This is the second-largest percentage drop in real disposable income ever, behind only 1932, the worst year of the Great Depression,” he observed. “To keep up with inflation, consumers are depleting their savings and burning through the ‘stimulus’ checks they received during 2020 and 2021. Credit card debt continues growing, while savings plummeted $1.6 trillion last year, falling below 2009 levels.”
Boom. “Texas has punted Citigroup from the syndicate that’s set to manage the Lone Star state’s largest-ever municipal bond offering, saying the bank’s policies for gun retailers discriminate against the firearms industry.”
Grand Theft Pollo. The food service director of an impoverished Illinois school district was charged with stealing $1.5 million of food — most of which was chicken wings. Vera Liddell, 66, allegedly began stealing from the Harvey School District during the height of COVID-19.” (Hat tip: Dwight.)
Bill Maher continues to take regular red pills. “The problem with communism and some very recent ideologies here at home, is that they think you can change reality by screaming at it.”
We could be heroes, just for one day. Or once a month, as the case may be…
This week in rapper murders: “Tampa rapper arrested for young mother’s murder days after being acquitted of recording studio double-murder.”
A Tampa jury acquitted Billy Adams of killing two men in a makeshift recording studio in Lutz. He walked free from a Tampa courtroom on January 27.
Three days later, a young mother who was pregnant with her second child was found shot to death in a residential area of New Tampa. Her toddler was still in her vehicle nearby.
A week after her death, Tampa police said Billy Adams “did admit to being the one to pull the trigger.”
As revelations continue to roll out about a third set of classified documents being illegally kept by Joe Biden, and crackhead son Hunter Biden paying The Big Guy $50,000 a month to rent his house (which would have meant that Hunter only got to keep $33,333 of his Burisma salary…assuming there was no other graft being passed on) a question occurs to me: Which Democratic Kingmaker(s) want to force Biden out of office?
With midterms safely past, news about the classified documents (which was known in advance of the midterms) was allowed to leak out, indicating that whoever arranged Slow Joe’s greased-skid path to the White House has lost confidence in his ability not to screw things up so badly that Democrats get slaughtered in 2024. And this despite the decided unpopularity both of VP Kamala Harris and backup catspaw Pete Buttigieg. My working theory is that the same people who installed Biden will try to install Gavin Newsom in 2024.
But the question is who is calling the shots in the Democratic Party? George Soros? Barack Obama? Valerie Jarrett? Ron Klain? Randi Weingarten? (I might previously have included Tom Steyer on this list, but if he really were calling the shots he wouldn’t have tried that disasterous presidential run.)
If you have good theories and solid evidence on who is actually calling the shots in the Democratic Party these days (and thus the likely candidate for wanting to push Biden out), let me know in the comments below. As Instapundit noted, those that foisted Joe Biden on us have an awful lot to answer for…
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.
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.”
