Rush Limbaugh died Wednesday after a year-long battle with cancer.
Limbaugh’s death at age 70 was announced Wednesday on his influential conservative radio program, by his wife, Kathryn.
Limbaugh announced last February that he was diagnosed with Stage 4 lung cancer.
Although the cancer was expected to quickly kill Limbaugh, he received treatment and continued to host his radio program over the year.
Shortly after his diagnosis, then-President Donald Trump surprised Limbaugh at last year’s State of the Union address to a joint session of Congress by awarding him the Presidential Medal of Freedom.
Then-first lady Melania Trump put the medal around Limbaugh’s neck.
“The Rush Limbaugh Show” premiered in 1988, airing for 33 years.
Limbaugh’s program went on the air at a time when conservative media outlets were few and far between. Liberal opinion dominated all the broadcast networks, Time, Newsweek, NPR and most newspapers. He was a breath of fresh air, and became notably more conservative after Desert Storm. Straight from the git-go, liberals hated him for daring to bust up their media monopoly, and liberal Twitter is reacting to his death with exactly the sort of grace and tact you’d expect.
There isn’t one good quality about Rush Limbaugh. Not one. Fuck him. Wherever he is.
Rush Limbaugh was a coward and white supremacist. He aggressively and cynically exploited divisions in our country by weaponizing hatred and bigotry for his own personal gain. He was in service to his own greed, prejudice, and hypocrisy, and that is how history will remember him.
(With a side helping of wishing Henry Kissinger dead as well.)
Limbaugh always opened his show with the quote “…with talent on loan from God,” and now he gets to give it back.
A few tributes:
No words … I just got news the Rush Limbaugh has passed away. thanks Rush for all you taught, gave and were. A hero to many. An icon. A patriot. A revolutionary that saved radio. Heavens gain, our loss.
Like millions of conservatives across the country, I grew up listening to Rush Limbaugh, his ability to explain any given topic was unmatched, his intellect was legendary, over the years I have watched him do so much good helping out struggling Americans.
If you know a conservative under the age of 35, Limbaugh influenced them. Whatever you think of his career trajectory, and I have my frustrations in the Trump era, he was a profoundly important check on Democratic narratives in the press. A true legend. Rest in peace.
Farewell to Rush Limbaugh. A giant of American broadcasting, a man who inspired millions, and infuriated millions (and then inspired some of those, too). He saw through the media lies to bring out the greatness of this country. He fought to the end like the American that he was.
Don’t worry about all the negative stuff the communists are saying about Rush. Read all of them. Then go live the kind of life that ensures they’ll say the same thing about YOU when you die.
Make the right enemies. And make sure they hate you like they hated him.
I kept meaning to put up this 2020 Presidential election fraud documentary by Mike Lindell (the MyPillow CEO), but YouTube keeps taking it down, so here’s a BitChute version:
I haven’t watched all of it it yet, but it’s more proof that there’s a lot of evidence out that there the 2002 Presidential election was rigged, and that very powerful people in the Democratic Media Complex want to keep you from examining the evidence for yourself. And I wanted to put up a copy that I don’t think is going to disappear…
At one point, it was estimated that the losses accumulated by GameStop short-sellers approached $5 billion. Melvin Capital, the now-notorious hedge fund with the huge GameStop short position, eventually required an infusion of $2.75 billion in cash from an even larger hedge fund to cover its possession and remain solvent.
And that’s when the Wall Street empire struck back. Suddenly, the federal Securities and Exchange Commission, or SEC, which purports to be a Wall Street regulator but instead operates as little more than a Wall and Broad soothsayer to a public skeptical of Wall Street’s power, weighed in and intimated that it might investigate or even shut down the trading of GameStop stock to prevent the price from getting even higher.
Then the Wall Street-backed trading apps and the Wall Street brokerages joined in, announcing they would no longer allow their users and retail investors to buy GameStop stock. The result? When you can no longer buy a stock, its price can only go in one direction: down.
The whole saga has spawned a mini-industry of commentary on trading, markets, Wall Street, hedge funds, regulation, efficient markets theory, and who knows what else. Hedge funds are bad! No, hedge funds are good! Markets are efficient vehicles for asset price discovery! No, we need strict regulation to prevent mob-incited runs on banks!
They all miss the point. What’s happening right now has nothing to do with hedge funds or free markets or pricing theory or any of that. What’s happening right now is another front in the major war taking place in institutions and countries across the world: It’s the elite versus the populists.
Wall Street has a long, storied history of viciously crushing short-sellers. It’s something of a local pastime. Just ask David Einhorn, who wrote an entire book on the industry’s efforts to destroy him for the crime of shorting the stock of a bank that was covering up the fact that a huge chunk of its loans were garbage and would never be paid back. The GameStop saga isn’t about the benefits, or evils, of short-sellers.
The real story is how “retail investors” — the industry term for regular people who day trade now and then or have a small brokerage account for retirement or to buy stocks every now and again for fun — figured out how to take down a financial leviathan. It’s not that Wall Street dislikes retail investors, it’s that Wall Street views them as little more than commission factories for the big brokerage houses.
Those rubes don’t know anything. They’re not sophisticated. They don’t have the credentials or pedigrees of the geniuses who simultaneously destroyed the housing market and economy in 2008. And they certainly don’t have the power to move markets.
It’s Wall Street’s job to move markets. It’s Wall Street’s job to tell people which stocks and bonds to buy, which conveniently just happen to be the same assets that the mega-banks are desperate to get off their balance sheets.
A bunch of trash, mortgage-backed securities based on mortgages that will clearly never get paid back? Just put them all in the same garbage bag, claim they couldn’t all possibly start to rot at once, and then demand that the ratings agencies whose salaries you pay stamp them not as trash, but as pure gold. Then, when magically all those bags of garbage start to stink to high heaven, why, then it’s time to demand that the federal government — funded by those retail investor rubes who will probably lose their jobs and homes and savings because of those bags of Wall Street’s garbage — bail every last one of them out.
See, retail investors don’t move markets. Until they do. Which, in the case of the Redditors bidding up GameStop stock, they did. And that cannot be tolerated. The whole GameStop saga isn’t about finance or politics. It’s David vs. Goliath, the have-nots vs. the haves, the underdog vs. the heavy favorite with the best talent and training and equipment money can buy. It is a perfect microcosm of the war between the populists and the elites, the individuals vs. the institutions, the people vs. the powerful.
A bunch of internet randos found a way to take financial advantage of a company that had backed itself into a corner. They banded together, executed the strategy, and made bank. They used the exact same rules and systems that Wall Street has used for decades to screw individual investors out of their money.
That was the Redditors’ real crime. Because that’s not allowed. You are not allowed to use the same set of rules for your own advantage.
The rules here are simple: Heads Wall Street wins, tails you lose. The institutions set the rules, not you. The elite, not the populace, will determine what is allowed and what isn’t.
Former President Donald Trump is not interested in forming a third party and pledges to remain involved in Republican politics. Suck it, Lincoln Project. (And by “it” I mean “your complete irrelevance” and not “the genitalia of teenage boys”…)
The great theme of the Trump years, the one historians will note a century from now, was the failure of America’s expert class. The people who were supposed to know what they were talking about, didn’t.
The failure began with the country’s top consultants and pollsters. Candidate Trump did almost everything lavishly paid political consultants would have told him, and did tell him, not to do — and he won. The most respected pollsters, meanwhile, predicted a landslide for Hillary Clinton. America’s best and brightest political adepts turned out to know very little about the elections they claim to understand.
Also during the 2016 campaign, an assemblage of top-tier academics, intellectuals and journalists warned that Mr. Trump’s candidacy signified a fascist threat. Timothy Snyder, a historian of Nazism at Yale, was among the most strident of these prophets. “Be calm when the unthinkable arrives,” he warned in a Facebook post shortly after the election. “When the terrorist attack comes, remember that all authorities at all times either await or plan such events in order to consolidate power. Think of the Reichstag fire.” Many experts stuck with the fascism theme after Mr. Trump’s election and throughout his presidency. That these cultured authorities couldn’t tell the difference between a populist protest against elite contempt and a coup carried out by powerful ideologues will go down as one of the great fiascoes of American intellectual history.
The fascism charge was only the most acute form of the claim that Mr. Trump was carrying out an “assault on democracy.” Some semantic clarification is in order here. When intellectuals and journalists of the left use the word “democracy,” they typically are not referring to elections and decision-making by popularly elected officials. For the left, “democracy” is another word for progressive policy aims, especially the widening of special political rights and welfare-state provisions to new constituencies. By that definition any Republican president is carrying out an “assault on democracy.”
Mr. Trump assaulted democracy in the ordinary sense of the word, but he did so only after the 2020 election. That effort was discreditable and disruptive, but it was also delusional and ineffective. It was not the assault the president’s expert-class critics had foreseen.
Perhaps those critics failed to understand Mr. Trump’s assault on democracy because they had carried out a similar sort of assault in 2016-18, with the support of the federal bureaucracy and the nation’s political and cultural elite. I’m referring to the Russia scare: the belief that Mr. Trump won only because his campaign “colluded” with agents of Moscow, and that his election in 2016 was therefore illegitimate. The theory made sense only if you couldn’t grasp the obvious reasons for Mr. Trump’s victory, namely that Hillary Clinton was a terrible candidate and that Obama-era progressivism had become sufficiently unpopular in the Midwest to throw the election to the nationalist candidate. Somehow it was easier for smart and accomplished people to believe that a TV celebrity and political neophyte with attention-deficit issues had entered into a diabolically ingenious pact with a foreign dictator in which the dictator helped him pick up just enough votes in the states he needed to win.
It took a 22-month investigation by a special counsel to establish an absence of evidence that Mr. Trump’s campaign had conspired with the Russians. America’s best minds and most influential leaders had spent more than two years obsessing over an idiotic conspiracy theory.
This spectacular failure of the expert class would have been impossible without the willing support of a credulous news media. That Mr. Trump won the presidency largely by denouncing the media should have suggested to leading journalists and media executives that something in their industry had gone badly wrong. Instead most of them took his rise as license to indulge their worst instincts.
Reporters treated every turn of events as evidence of Mr. Trump’s unique evil. They regarded every preposterous accusation put forward by his political foes as reasonable and likely true. The repeal of “net neutrality,” an Obama-era regulation on internet service providers, heralded the end of the open internet (it didn’t). The administration built “cages” in which to cram children of illegal border crossers (it didn’t). The president praised neo-Nazis as “very fine people” (he didn’t). His postmaster general was removing mailboxes to steal the election (an obvious lie). In retrospect, it was hardly surprising that so many Americans believed Mr. Trump’s fictitious claims about the election. Reports of his defeat, accurate though they were, meant little coming from news organizations that cared so much about discrediting him and so little about factual truth.
America’s foreign-policy elite didn’t perform appreciably better. For decades, they had insisted that peace between Israel and the Arab world was impossible without a long-term solution to the Israel-Palestinian problem. It was an axiom, no longer up for debate. Mr. Trump followed through on a promise long made but not kept by the U.S. government to recognize Jerusalem as the capital of Israel. Foreign-policy experts the world over predicted hellish payback from the Arab world, but the recognition went forward, the U.S. Embassy moved, and the payback consisted of a day’s worth of inconsequential protests.
Meanwhile the administration pressed ahead with a diplomatic push to strike commercial and diplomatic deals between Israel and Arab states. The United Arab Emirates, Bahrain, Sudan and Morocco announced they would establish formal relations with Israel, and Saudi Arabia may do the same. The foreign-policy clerisy, having been wrong about the central question of global diplomacy for the past four decades, predictably ignored these achievements.
In the few short days following the collapse of President Donald Trump’s attempts to bring evidence of electoral fraud to the attention of the state legislatures and the courts—not to mention the calamitous events of Jan. 6—the ascendant left has moved swiftly to capitalize on what has proved a stunning propaganda victory for them and neutralize their enemies on the right.
Forget the looting, burning, and general civil unrest at the hands of BLM and Antifa in cities across America last summer—for which next to no one has yet been punished, and which was widely cheered by both the mainstream media and Democrat politicians up to and including Vice President-elect Kamala Harris. That’s all ancient history now, replaced by the “insurrection,” the “armed riot” at the Capitol, the “worst attack on Washington” since the War of 1812, when the British burned the capital and the White House.
Of course, it was not. Unrecalled by the born-yesterday media, for example, is the 1954 attack by four Puerto Rican separatists on the House of Representatives, during which some 30 shots were fired and five congressmen were wounded; the terrorists were later pardoned by Jimmy Carter in 1979. Also forgotten: the bombings of the Capitol building and the Pentagon in the 1970s by the radical leftists of the Weather Underground, led by Barack Obama’s buddy William Ayers.
George, where you make a mistake is that people coming from the liberal side like you, you immediately say everything’s a lie instead of saying there are two sides to everything. Historically what would happen is if said that I thought that there was fraud, you would interview someone else who said there wasn’t. But now you insert yourself in the middle and say that the absolute… fact is that everything that I’m saying is a lie…. Let’s talk about the specifics of it. In Wisconsin, tens of thousands of absentee votes had only the name on them and no address. Historically those were thrown out, this time they weren’t. They made special accommodations because they said, oh, it’s a pandemic and people forgot what their address was. So they changed the law after the fact. That is wrong, that’s unconstitutional. And I plan on spending the next two years going around state to state and fixing these problems and I won’t be cowed by liberals in the media who say, there’s no evidence here and you’re a liar if you talk about election fraud. No, let’s have an open debate. It’s a free country.
The global semiconductor shortage is still slamming the auto industry. Tempted to do a separate “explainer” post about how the cyclical nature of the semiconductor industry and how hard it is to add capacity.
The order, which is the first the governor has signed since October and the first non-coronavirus related order since the pandemic began last year, directs agencies “to use all lawful powers and tools to challenge any federal action that threatens the continued strength, vitality, and independence of the energy industry.”
“Each state agency should work to identify potential litigation, notice-and-comment opportunities, and any other means of preventing federal overreach within the law,” it states.
“And when they do that,” added Abbott during the press conference, “that will arm Texas to be prepared to fight back.”
The governor called the order “a homework assignment for every state agency in Texas.”
It will be swell to see democrats squander tens of millions of dollars on a race they can’t win yet again…
“State Rep. Bryan Slaton filed an amendment saying that the Legislature should bring a vote to the floor to abolish abortion before it votes to ceremonially change the names of highways or bridges.”
Netflix goes full social justice warrior, inks deal with Ibram X. Kendi. If you didn’t cancel your subscription over Cuties, now would be a good time to do so. (Hat tip: Blog reader David Rainwater.)
Proof that letting biological men compete in women’s sports is a bad idea. Top male high school athletes routinely beat female Olympians.
The Lamb and Flag, once frequented by the likes of Lord of the Rings author J.R.R. Tolkien and his friend C.S. Lewis, who wrote The Chronicles of Narnia, has suffered a disastrous loss of revenues since the start of the pandemic.
It first opened in 1566 and moved to its present location on St Giles, a broad thoroughfare in the city centre, in 1613. It is owned by St John’s College, one of 45 colleges and private halls that make up the University of Oxford.
“Until the San Francisco Unified School District board stripped Dianne Feinstein’s name from one of its public schools, we were unaware of the Senator’s service to the Confederacy.”
On one side of the fight are the hedge fund managers. These guys are good-hearted regular folks living out the American dream by manipulating markets so that companies will fail and they can buy another desperately needed yacht.
On the other side are a bunch of Cheeto-stained Redditors who are dangerously manipulating markets to try to make money. These guys obviously weren’t informed that the stock market was only for rich people to make money. They’re probably Nazis and alt-righters too.
“Biden All-Female Communications Team Won’t Tell Nation What’s Wrong, Nation Should Already Know.” “It’s fine. Everything’s fine. Nothing’s wrong, OK!?” said Jen Psaki in her first press conference as a part of Biden’s team. “Why would you think I’m not fine? Ugh… if you have to ask, I’m not going to tell you.”
Here’s a Wall Street story that has everything to do with the current political moment.
GameStop is the video game retailer that almost went out of business last year. This year, a whole bunch of powerful hedge funds bet on GameStop stock going by selling the stock short.
For those unfamiliar, a short squeeze happens when a rising stock price forces short-sellers out of their position. When panic strikes and those sellers buy back stock, they send shares even higher. Here, you have what InvestorPlace Markets Analyst Tom Yeung calls a powerful feedback loop.
Yeung also sees GME stock as being a particularly relevant candidate for a short squeeze. Right now, 71.2 million of its shares are being sold short. That is even more than its total outstanding share count!
Enter Wallstreetbets- A trading/investing subreddit. Someone noted that these hedgefunds shorted 140% of all shares available.
These hedgefunds were so damn greedy, they borrowed more shares than actually existed. That's how arrogant and dumb they were. pic.twitter.com/MpsFwMdqdM
And so we reach our main story of how the hedgefund's greed ruined them.
Realizing that these hedgefunds shorted GME by a ridiculous amount, these Redditors (normal people like you and me), bought every share they could get their hands on. Driving the price up like crazy. pic.twitter.com/ojvdEZhNXb
So eventually, the due date for when these hedgefunds need to return the borrowed shares comes closer.
And what do they do?
They double down.
They short MORE. Because they're sure that they can manipulate the stock enough to get it to crash, thereby saving themselves. pic.twitter.com/xIi5iwpV4h
So the short selling bear hedge funds are totally screwed. The result? Carnage:
Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it’s become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%.
The funds serving the financial elite are starting to walk away in defeat. Big bets they made that GameStop’s stock would fall went wrong, leaving them facing billions of dollars in collective losses. All the wild action pushed GameStop’s stock as high as $380 on Wednesday, up from $18 just a few weeks ago.
The stunning seizure of power gives some validation to smaller-pocketed investors, many of whom are encouraging each other on Reddit and are trading stocks for the first time thanks to brokerages offering free-trading apps. It’s also left more investors on Wall Street asking if the stock market is in a dangerous bubble about to pop, as AMC Entertainment, Bed Bath & Beyond and other downtrodden stocks suddenly soar as well. The S&P 500 set a record high earlier this week, though it fell Wednesday.
Two investment firms that had placed bets for money-losing GameStop’s stock to fall have essentially thrown in the towel. One, Citron Research, acknowledged Wednesday in a YouTube video that it unwound the majority of its bet and took “a loss, 100%” to do so.
Snip.
Melvin Capital is also exiting GameStop, with manager Gabe Plotkin telling CNBC that the hedge fund was taking a significant loss. He denied rumors that the hedge fund will fail. The size of the losses taken by Citron and Melvin are unknown.
Before its recent explosion, GameStop’s stock had been struggling for a long time. The company has been losing money for years as sales of video games increasingly go online, and its stock fell for six straight years before rebounding in 2020.
That pushed many professional investors to make bets that GameStop’s stock will decline even further. In such bets, called “short sales,” investors borrow a share and sell it in hopes of buying it back later at a lower price and pocketing the difference. GameStop is one of the most shorted stocks on Wall Street.
But its stock began rising sharply earlier this month after a co-founder of Chewy, the online seller of pet supplies, joined the company’s board. The thought is that he could help in the company’s transformation as it focuses more on digital sales and closes brick-and-mortar stores. Its shares jumped to $19.94 from less than $18 on Jan. 11. At the time, it seemed like a huge move for the stock.
Smaller investors were meanwhile exhorting each other online to keep GameStop’s stock rolling higher.
The raucous discussions are full of sarcasm, self deprecation and emojis of rocket ships signifying belief that GameStop’s stock will fly to the moon.
Snip.
There is no overriding reason why GameStop has attracted this cavalcade of smaller and first-time investors, but there is a distinct component of revenge against Wall Street in communications online.
“The same rich people that caused the market crash in 2007/08 are still in power and continue to manipulate the market to get even richer, we are just taking back our fair share,” one user wrote on Reddit.
“hey mom i can’t come up for dinner,” another user wrote. “i’m bankrupting a 10 figure hedge fund with the boys.”
Beyond personal attacks, the battle has also created big financial losses for Wall Street players who shorted GameStop’s stock.
As GameStop’s gains grew and short sellers scrambled to get out of their bets, they had to buy shares to do so. That accelerated the momentum even more, creating a feedback loop. As of Tuesday, short sellers of GameStop were already down more than $5 billion in 2021, according to S3 Partners.
Much of professional Wall Street remains pessimistic that GameStop’s stock can hold onto its immense gains. The company is unlikely to start making big enough profits to justify its $22.2 billion market valuation anytime soon, analysts say. The stock closed Wednesday at $347.51. Analysts at BofA Global Research raised their price target Wednesday — to $10.
All the mania is raising some concern that investors are taking excessive risks, and reporters asked Federal Reserve Chair Jerome Powell on Wednesday whether the Fed’s moves to support markets through the pandemic is helping to push stock prices too high.
In short, the hedge funds suffered a serious bloodletting:
NBC NEWS: Short-sellers lost $14.3 billion today alone on GameStop stock, according to S3 Partners
Did the Wall Street titans laid low by retail investors shrug their shoulders over the loss and slink off quietly into the night to lick their wounds? They did not. Instead, our elites staged a fullbore freakout over being beaten at their own game(stop).
were the ones manipulating the stock, but they got caught, and are now trying to take their ball and go home.
While these hedgefunds are on every news channel screaming about Reddit and Wallstreetbets, they inevitably draw attention to themselves, and what's going on.
Perhaps the most flagrant example was where noted CNN tool Chris Cillizza declared the GameStop short squeeze an example of Trumpism. Because how dare ordinary people think they can beat the elite at their own games?
Hate speech, White Supremacy, Racism, etc. These are the new catch-all for the government violating your rights. https://t.co/JMGS9e6YJW
— Article V Convention of States please (@philthatremains) January 27, 2021
(Babylon Bee: “Merriam-Webster Changes Definition Of ‘White Supremacist’ To ‘Anyone Who Wins In The Stock Market When They’re Not Supposed To’.)
There’s even the “Russia! Russia! Russia!” cliche:
Now they are blaming Russia for the move in GameStop.
Why? Because what they are not saying is the squeeze, along with Biden's destruction of the US economy in the name of climate change, has the potential to trigger a 2008 style financial collapse.pic.twitter.com/crF03bo0jz
And finally, a Berkeley professor wants you know they’re investing in GameStop because they’re not having sex:
Arm young men, in a basement, not at work, not having sex, not forming connection, with an RH account, a phone and stimulus and you have the perfect storm of volatility as they wage war against established players while squeezing the dopa bag,,,harder and harder
Secretary of the Commonwealth of Massachusetts William Galvin wants a 30-day trading suspension of GameStop, because retail investors can’t be allowed to make money off the mistakes of their betters.
There are valid reasons for hedge funds and short sellers to exist. But no one, least of all our corrupt political establishment, should let them get away with the classic “I keep my profits private but force the government to underwrite my losses” con game.
Reddit shuts down #wallstreetbets and I honestly think today is a defining day. This is no longer just a war of Big Tech against conservatives. Its just so delicious that @TheDemocrats have officially aligned themselves w Wall Street culture now. #GameOn
lmao some hedge fund might go bankrupt from redditors raising gamestop's stock as a joke.
Newsflash: if you can go bankrupt from one stock going up too much, you are running the same scam as the redditors, the only difference is you wear a suit and tie while you do it.
This may all seem extremely irrational. But thanks to the Federal Reserve’s endless money pump, the market has been irrational for a long time. And the biggest irrationality was short-sellers shorting more stock than actually existed.
I should point out that I have no money in GameStop, AMC, or Nokia stock (unless there’s some tucked away in one of my various 401K funds, which I rather doubt). Though honestly, as weird as this year is already going, I’m tempted to put a few hundred dollars in Dogecoin…
In the “stop panicking” category: “Statehouse wins position GOP to dominate redistricting“:
An abysmal showing by Democrats in state legislative races on Tuesday not only denied them victories in Sun Belt and Rust Belt states that would have positioned them to advance their policy agenda — it also put the party at a disadvantage ahead of the redistricting that will determine the balance of power for the next decade.
The results could domino through politics in America, helping the GOP draw favorable congressional and state legislative maps by ensuring Democrats remain the minority party in key state legislatures. Ultimately, it could mean more Republicans in Washington — and in state capitals.
By Wednesday night, Democrats had not flipped a single statehouse chamber in its favor. And it remained completely blocked from the map-making process in several key states — including Texas, North Carolina and Florida, which could have a combined 82 congressional seats by 2022 — where the GOP retained control of the state legislatures.
After months of record-breaking fundraising by their candidates and a constellation of outside groups, Democrats fell far short of their goals and failed to build upon their 2018 successes to capture state chambers they had been targeting for years. And they may have President Donald Trump to blame.
“It’s clear that Trump isn’t an anchor for the Republican legislative candidates. He’s a buoy,” said Christina Polizzi, a spokesperson for the Democratic Legislative Campaign Committee, on Wednesday. “He overperformed media expectations, Democratic and Republican expectations, and lifted legislative candidates with him.”
Snip.
The biggest disappointment came in the seat-rich state of Texas, Democrats needed nine seats to reclaim the majority after flipping a dozen in the midterms. Though some races remain uncalled, so far Democrats were able to unseat one incumbent and Republicans offset that with another pickup.
Now Texas Republicans, retaining control of the Senate and the governor’s mansion, will have total authority over the drawing of as many as 39 congressional districts in the state. Democrats fear Republicans will pack and crack the rapidly diversifying suburbs to dilute unfriendly voters. Despite targeting 10 districts, Democrats failed to flip a single targeted seat in 2020 on the current map, which was drawn by the GOP roughly a decade ago.
There are plenty of things to worry about with Democrats control (by the skin of their teeth) the White House, the Senate and the House, but federalism provides strong state power as a counterbalance to the federal government.
A Massachusetts Institute of Technology professor and researcher who has received almost $20 million from the Department of Energy was arrested Thursday after he allegedly failed to disclose ties to the People’s Republic of China.
Mechanical engineering professor Gang Chen faces charges of wire fraud, failing to file a foreign bank account report, and making a false statement in a tax return, the U.S. attorney’s office in Boston revealed Thursday.
Prosecutors allege the 56-year-old professor, who is a naturalized U.S. citizen born in China, has held a number of positions on behalf of the PRC with the goal of promoting China’s technological and scientific capabilities.
They claim he shared his expertise directly with Chinese government officials “often in exchange for financial compensation,” including serving as an “overseas expert” at the request of the Chinese consulate in New York and a member of at least two PRC Talent Programs.
The Department of Energy has given Chen $19 million for research since 2013.
The president didn’t mention violence on Wednesday, much less provoke or incite it. He said, “I know that everyone here will soon be marching over to the Capitol building to peacefully and patriotically make your voices heard.”
District law defines a riot as “a public disturbance . . . which by tumultuous and violent conduct or the threat thereof creates grave danger of damage or injury to property or persons.” When Mr. Trump spoke, there was no “public disturbance,” only a rally. The “disturbance” came later at the Capitol by a small minority who entered the perimeter and broke the law. They should be prosecuted.
Actually, I think it’s been firmly established that the entry into the capitol occurred even before Trump stopped speaking.
Also not so much in the news: Israel launched its biggest airstrike in years against Iranian positions in Syria.
A senior U.S. intelligence official with knowledge of the attack told The Associated Press that the airstrikes were carried out with intelligence provided by the United States and targeted a series of warehouses in Syria that were being used as a part of the pipeline to store and stage Iranian weapons.
The official said the warehouses also served as a pipeline for components that supports Iran’s nuclear program.
Maybe the Islamic Republic of Iran expects that they can just ask the Biden Administration for highly enriched uranium directly…
Total crude oil imported from Saudi Arabia last week: Zero.
Two companies, Google and Apple, each control about half of the smartphone market. So when the two companies made a move against Parler, the conservative social media alternative, it effectively erased its app from existence. Joining the party was a third member of the FAANG Big Tech consortium, Amazon, which deplatformed Parler from Amazon Web Services.
AWS controls a third of the cloud marketplace. Microsoft and Google are in 2nd and 3rd place.
Blocking an app doesn’t permanently kill a social networking service, though it places it at a structural disadvantage, but Apple and Google can flag sites as unsafe through their browsers.
Originally, the social media giant and former favorite platform of President Trump claimed that it was simply a matter of accounts not verifying their information. Twitter claimed that until those accounts did so, they would simply not show upon follower accounts.
Well, the tune has been changed. As most suspected from the beginning, there is actually a widespread deletion of conservative accounts goings on under the guise of them being QAnon related. This has supposedly hit over 70,000 accounts so far.
Let me explain how this works. Basically any small amount that propagated the idea that the election was stolen is going to be lumped in as QAnon and targeted.
I don’t believe in QAnon conspiracies. I do believe the election was stolen.
“The world’s biggest gun forum was booted off the Internet because they can be.” In other news, Go-Daddy sucks. I hope AR15.com files a very expensive lawsuit against them.
Looks like Twitter didn’t quite erase Trump’s tweet history:
Gab CEO Pulls Off The Impossible For Trump… INCREDIBLE!
“Gab CEO completely backed up Pres. Trump’s Twitter account before it was deleted & recreated him on Gab! What’s even more impressive is he did this while traffic was up 700% & under attack..https://t.co/F3olVzPpYy
— Liberty Times & Politics #FreeSpeech (@dmills3710) January 13, 2021
There is a large segment of American society, maybe 15-20%, that has not had a president who represents their basic worldview for decades. These folks tend to be white, exurban or rural, believe in religious tradition and cultural conservatism without being regular church-goers, very patriotic, very pro-military, hostile to immigration and free trade, skeptical of big business, big government, and establishment experts, and in favor of entitlement programs and the safety net…
Ross Perot and Pat Buchanan appealed to this demographic to a large extent. Beyond that, the only major national figure I can think of in my lifetime who more or less represented them was George Wallace.
So along comes Trump who appeals to this constituency almost perfectly. Sure, he’s a rich New Yorker, but his outer-borough accent and mentality, scorned by the elite, reminds people that their own regional accents are also scorned by the elite.
This constituency used to be divided between Republicans and Democrats, which is one reason they lacked influence on presidential nominees, but they have shifted to be heavily Republican, which gave them a lot of influence on the nominating process in 2020 [I think he means 2016 here. -LP], and they chose Trump.
Trump, to almost everyone’s surprise, wins. So how do big government, big business, elite experts and so on, i.e., the establishment, react, from his fans’ perspective? Without even giving Trump a chance, they decree that he is illegitimate, that he needs to be resisted, and that his voters are beyond redemption; “this is 1932 in Germany” was not a rare reaction.
So, from these voters’ perspective, the one time in their lifetimes and much longer a president comes around who really speaks to their worldview, the establishment tries to destroy him. Rather than the anti-Trump sentiment persuading them, it makes them stronger supporters, people who see Trump as their weapon against an establishment that disparages them.
Intel ousts CEO Bob Swan and replaces him with Intel veteran Pat Gelsinger. Intel has stumbled so badly over the last few years that replacing Swan (who has a finance background) is probably overdue. Gelsinger spent 30 years at Intel, some as CTO, so maybe he has a good chance of ironing out their process problems.
Speaking of semiconductors, there’s a global chip shortage going on, with auto makers among the hardest hit. And it’s not from TSMC’s cutting-edge fabs, it’s from older, larger geometry fabs. And dependence on Chinese chips plays a role as well.
Democrats ❤ Communism:
Someone must have pinged @HaroldFordJr during his appearance on @SpecialReport just now and told him that his Mao was showing.
Portland police are taking longer than ever to respond to 911 calls? Just because the ruling democrats hate them and won’t back them up, refuse to charge habitual lawbreakings, and engendered a wave of retirements? Imagine that. (Hat tip: 357 Magnum.)
Burning in Hell watch: Lisa Montgomery, who strangled a pregnant mom to death and cut out her unborn baby to parade around as her own, was executed.
The left has long had a tendency to push propaganda over truth, but the Trump years have seen a dramatic increase in willfully repeated falsehoods to push the Democratic Media Complex’s favored “narratives” over obvious truths everyone can see with their own two eyes.
First there was the Russian collusion hoax, a self-serving fiction democrats concocted both to jam Trump at the line of scrimmage and give them an excuse for explaining how they managed to lose an election everyone said they had in the bag. There followed more lies to support the initial lie, then the impeachment farce that failed to make a dent.
And all the while, underneath the surface, social justice warriors were spinning out falsehood after falsehood to support their favored narratives. “Hands Up Don’t Shot” was a lie from the git-go. The idea that sex is a social construct was and is a lie, as is the idea that someone can change their sex merely by declaring they have. Not to mention the risible #BlackLivesMatter bullshit that “silence is violence” and the ridiculous idea that everyone who voted for Trump was a “white supremacist.”
Then came to 2020 #BlackLivesMatter/Antifa riots the Democratic Media Complex did their very best to ignore or spin as “mostly peaceful” despite burning down hundreds of businesses and looting thousands.
Then they stole the 2020 Presidential election by massive fraud is six urban counties and got very upset when people tried to point this out.
Finally, the events of January 6 drove them to new heights of hyperbole. Want to call it inadvisable? Absolutely. A mob? Fair enough. A riot? Sure. Criminal? Some of it, by definition.
But what it was not was an “insurrection” or “coup.” Trust me, if a significant fraction of president Trump’s 75+ million supporters wanted to stage an armed coup, you’d know it. Or, more to the point, the likes of Nancy Pelosi, George Soros and Jack Dorsey wouldn’t know it, because they’d hang lifeless from the ends of gibbets.
You don’t get high on your own supply because the moment you start deluding yourself, reality has a nasty way of smacking you upside the head.
And if Democrats think that removing Donald “Emmanuel Goldstein” Trump from the White House means they get to immediately return to their old grifts without consequences (and add a bunch of new woke social justice grifts on top of them to boot), they have another think coming. Kurt Schlichter:
Have you noticed that everything is a lie and a scam? Everything.
See, the problem starts when our elite realized that it could break the norms and betray the principles that we all thought we were all abiding by without accountability, at least for a little while. The Establishment realized that it can simply not enforce the norms, and then there will be a lag time while the normals continue on as if the norms were still in effect. It’s inertia – this is why you get these sad sack RINOs lecturing us on how we’re subverting the institutions when what we are really doing is pointing out that the institutions have subverted themselves.
It’s willful blindness to the corruption because the weakhearts don’t want to admit there is corruption because that would then require them to act. It’s easier to live on scraps.
The biggest gap in this country isn’t between enlightened social justice warriors and the backward racist redneck freaks of JesusLand, it’s between those who want to continue sticking their snouts into troughs of taxpayer money, feel their own grifts are sacred birthrights above reproach and have different laws apply to them than the peasants, and those who have been made aware of the scam.
We’re not going back to sleep, no matter how hard you call us deplorables, racists or insurrectionists.
Salem Media’s Kevin McCullough, who posted questions about the votes moving backwards in the Georgia run-offs and posted Trump’s video from his rally.
The Team Trump account was axed too.
Techno Fog who broke court documents on the Russia hoax.
Tracy Beanz who also did yeoman’s work on Russia hoax.
Influencers on the right suddenly over the last couple of days were also finding their Twitter followers dropping off precipitously. Not just a few people but a lot of influencers, even smaller not well-known people.
Lots of people are having followers purged, including myself, though I’ve only lost some 100-odd. Can;t say whether this is a purge of inactive accounts or not.
Facebook also banned the #WalkAway campaign and Brandon Straka:
Today Facebook took down the #WalkAway Campaign, and with it, the hundreds of thousands of videos & written stories of real people leaving the left. They banned me, my employees & volunteers. We are moving to https://t.co/wsGFdNe6ND Plz sign up & join #WalkAway Campaign group pic.twitter.com/quvahfap0z
In case you haven’t been paying attention, the battle over personal data, free speech and the free flow of information between the American people and the tech giants is heating up. As the Googles and Facebooks of the world take an unconstitutional role in deciding what speech and information should be online, it’s becoming clear much more is at stake than first meets the eye.
It’s also becoming apparent that there are some voices on the Right who are either deeply naïve and ignorant about what is at stake or they are in fact paid collaborators of the tech companies.
Also some discussion of the threat of the singularity, which is still more science fiction than actual at this point. (Hat tip: Director Blue.)
I’ve got a bunch of quarter- or half-formed blog posts about The Recent Unpleasantness I haven’t had time to finish, so let’s use this low-calorie blog post substitute to note that I’m on two separate alternative to Twitter:
On Gab I’m @BattleSwarm. Gab was looking moribund for a while, but after this week’s events it seems to be showing some life again.
I’ve also added a Social Media section to the sidebar.
So if you’re on either of those, try to follow me there in addition to my Twitter account, as it seems like only a matter of time until my account gets nuked for #WrongThink. One wonders how profitable Twitter will be once they get around to banning everyone Democrats and Social Justice Warriors think should get banned.
A major leak containing a register with the details of nearly two million CCP members has occurred – exposing members who are now working all over the world, while also lifting the lid on how the party operates under Xi Jinping, says Sharri Markson.
Ms Markson said the leak is a register with the details of Communist Party members, including their names, party position, birthday, national ID number and ethnicity.
“It is believed to be the first leak of its kind in the world,” the Sky News host said.
“What’s amazing about this database is not just that it exposes people who are members of the communist party, and who are now living and working all over the world, from Australia to the US to the UK,” Ms Markson said.
“But it’s amazing because it lifts the lid on how the party operates under President and Chairman Xi Jinping”.
Ms Markson said the leak demonstrates party branches are embedded in some of the world’s biggest companies and even inside government agencies.
“Communist party branches have been set up inside western companies, allowing the infiltration of those companies by CCP members – who, if called on, are answerable directly to the communist party, to the Chairman, the president himself,” she said.
“Along with the personal identifying details of 1.95 million communist party members, mostly from Shanghai, there are also the details of 79,000 communist party branches, many of them inside companies”.
I’ve poked around a bit to find a copy of that database, but all I could locate was an excerpt featuring the first 5,000 names or so. If anyone knows where I can find the full list, let me know in the comments.
Here’s a story so strange I wanted to turn it into a separate post, but details remain too murky: Fabless chip designer Arm Holdings fired the head of its Chinese business unit, but he’s refusing to leave:
Arm Ltd., the chip designer owned by SoftBank Group Corp., accused the ousted head of its China joint venture of hurting its business there, escalating a dispute that’s becoming a test of Beijing’s willingness to protect foreign investment in the world’s second-largest economy.
The U.K. chip giant in June announced it was firing Allen Wu, the head of its Chinese unit, over undisclosed breaches of conduct, but the executive has refused to step down and remains in control of the strategically important operation. Rather than the peaceful, rapid resolution that both sides have said they want, the situation has deteriorated.
Wu has hired his own security and won’t let representatives of Arm Ltd. or his board on the premises, said a person familiar with the situation. He’s refused to hold a planned event to connect Chinese chipmakers with Arm Ltd. and avoided negotiations despite public statements to the contrary, said the person, who asked not to be named.
Wu is “propagating false information and creating a culture of fear and confusion among Arm China employees,” the U.K.-based company said in a statement. “Allen’s focus on his own self-preservation has also put China semiconductor innovation at risk as he has attempted to block the critical communication and support our China partners require from Arm for ongoing and future chip designs.”
Arm China disputed the claims in an emailed response to queries, adding that Wu was open to talks and there have been no disruptions in business engagement between Arm Ltd. and its China clients.China is the largest market for semiconductors and the U.K. firm relies on Arm China to conduct business with local customers, including Huawei Technologies Co. The country accounts for a large proportion of the company’s global revenue and resolving the conflict will be crucial to SoftBank’s reported plans to sell Arm, a lynchpin in the global smartphone and computing industry that the Japanese firm bought for $32 billion in 2016.
In early June, Arm China’s board – which includes representatives from Arm Ltd. and Chinese investors – ousted Wu for setting up an investing firm that competes with its own businesses there. He refused to accept the decision, saying it was invalid and has remained in control at Arm China’s headquarters in Shenzhen.
The intricacies of Chinese rules confer an advantage to Wu as the holder of key registration documents. As the legal representative of Arm China, Wu holds the company’s registration documents and the company seal, or stamp. Changing the legal representative requires taking possession of the company stamp — something Wu has refused to give up.
It was once an accepted truth that China’s increased economic trade and participation in international bodies such as the World Trade Organization would benefit everyone.
China and its citizens would benefit through the jobs and wealth earned from their vast export market. Americans and Europeans would benefit from access to an ever-greater array of ever-cheaper goods. Asian, African, and other American nations would benefit from access to both sides of this market and the incentive to replicate a version of China’s export model. And the world’s democracies, the cornerstones of the post-Cold War international order, would benefit from China’s recognition that it would gain more by abiding the rules of the game than by breaking them.
To borrow from Shakespeare, “the jest of the truth savors but of shallow wit, now that thousands weep more than did celebrate it.”
The weeping is real. Each week brings us increasingly horrific stories of the suffering endured by China’s already impoverished Uighur population. More than 2 million of these innocent citizens have been forced into concentration camps over the past decade. They have been indoctrinated to believe that there is no ideology of value save that of the Communist Party and its god-emperor Xi Jinping. Some have been forcibly sterilized, others sent far from their homes and families. As reported just this month, hundreds of thousands of Uighurs are forced into annual servitude as cotton pickers.
There’s a defining lesson here. China was supposed to be a top partner to the liberal international order. Instead, it is now taking inspiration from the Antebellum South’s slave economy, using forced labor in support of an unaccountable elite. Even were it not beholden to China, Hollywood could not invent a better example than the Uighurs’ plight to expose the lie that China’s economic development would usher in a kinder and gentler policy on its part.
Of course, Hollywood’s pathetic deference to Beijing isn’t a solitary American corporate story. It is the story. Instead of markets leading to more economic and political freedom in China, they have led major U.S. corporations to self-censor in order to gain access to Chinese consumers and their cheap labor. As with the NBA, which rightly cares a great deal about black lives but apparently not one iota about Uighur lives, major corporations such as Disney, Dell, and Walmart deal with China even if they must do so with terrible strings attached.
Beijing is explicit in its expectation that trade opportunities come with the price of silent acquiescence. Where the Chinese Communist Party signs treaties — whether the rules of the WTO, promises on intellectual property regimes, or carbon emissions targets — its pledges must be greeted only with applause from the West, never with any enforcement or demands that Xi be held to his word.
US carriers and telecommunications companies receiving Universal Service funding are now required to remove all Huawei technology, by order of the federal government.
The US Federal Communications Commission has ordered certain carriers to “rip and replace” all equipment produced by Huawei. It follows continuing investigations into claims that Huawei represents a threat to national security, and Huawei’s application for a review of a similar ruling by the Public Safety and Homeland Security Bureau in June.
“A laundry list of evidence before us compels this result,” said FCC chairman Ajit Pal in a statement. “But to summarize some of the main points, Huawei has a long and well-documented history of close ties to the Chinese military and intelligence communities, as well as the Chinese Communist Party, at every level of the company— all the way up to its founder.”
“Huawei is subject to sweeping Chinese intelligence laws compelling Huawei’s assistance and cooperation with Chinese intelligence services and forbidding the disclosure of that assistance,” he continued. “Moreover, the concerns about Huawei aren’t just hypothetical: Independent entities have identified numerous security vulnerabilities in Huawei equipment and found it to be less secure than that of other companies— perhaps deliberately so.”
Speaking of crackdowns, President Donald Trump’s administration has added more Chinese companies to the blacklist:
The Trump administration is poised to add China’s top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, Reuters reported citing a document and sources, curbing their access to U.S. investors and escalating tensions with Beijing.
The latest crackdown comes after a report from Reuters earlier this month that the Department of Defense (DOD) was planning to designate four more Chinese companies as owned or controlled by the Chinese military, bringing the number of Chinese companies affected to 35. A recent executive order issued by President Donald Trump would prevent U.S. investors from buying securities of the listed firms starting late next year.
It was not immediately clear when the new tranche, would be published in the Federal Register. But the list comprises China Construction Technology Co Ltd and China International Engineering Consulting Corp, in addition to Semiconductor Manufacturing International Corp (SMIC) and China National Offshore Oil Corp (CNOOC), Reuters reported.
On paper the Chinese army looks pretty impressive, with 78 combat brigades and nearly as many specialized brigades. Over the last decade the Chinese army has been converting its divisions to brigades, many of them independent brigades like the American Brigade combat teams. That conversion is still underway, although by now nearly all the regiments that formerly comprised the major subunits of divisions have been converted to brigades.
The task of turning all those new brigades into well-equipped and trained ones is still underway. There are three types of combat brigades. The most potent is the heavy brigade, each with about a hundred tanks and dozens of tracked IFVs (infantry fighting vehicles) plus detachments of engineers and other specialists. The problem with these heavy brigades is that not all of them have the latest tanks. China has not built enough of its most modern tank to replace all the older models. As more of the latest tank enter service heavy brigades receive them and have to go through months of training to learn how to get the most out of them.
Snip.
The major problem with the army is that all the elite units (special operations and airborne) as well as key units stationed in the capital and a few other places have few conscripts. Nearly all the conscripts are assigned to the combat brigades and the support brigades assigned to each of the 13 Group Armies. Units with conscripts spend about half the year training the new ones and if there is a war these units would, half the time, have a large portion of their troops poorly trained and not fully integrated into the unit. This is a major problem for combat units that depend on well-trained troops who have been with their units long enough for commanders to know what they can get out of them.
As China pushes to become a blue-water power, nuclear-powered submarines are critically important to Beijing’s plan. Historically the Chinese Navy’s (PLAN) nuclear-powered submarine fleet has been constrained by its limited construction capacity. There is only one shipyard in the country up to the task. But that yard has been undergoing a massive enlargement. And now, recent satellite imagery suggests an additional capacity expansion.
China’s nuclear-powered submarine fleet was already expected to get much larger in the coming years. This latest development suggests that China could pump out submarines at an even greater rate.
Just how many nuclear submarines China will build over the next ten years is a hot topic. The Office of Naval Intelligence (ONI) recently forecast China’s submarine fleet to grow by six nuclear-powered attack submarines by 2030. Other observers, such as retired Capt. James Fanell who was Director of Intelligence and Information Operations for the U.S. Navy’s Pacific Fleet, place their estimates even higher.
A senior Chinese People’s Liberation Army officer, Lt. Gen. He Lei, penned an article explaining why China’s Korean War experience should guide its modern military strategy toward the United States.
The executive officer of the PLA’s Academy of Military Science, He is a known hard-liner on Taiwan and the U.S. In his present assignment, the general is responsible for training PLA officers and strategy development. His words carry weight both for what they say about evolving PLA doctrine and their influence on Beijing’s Central Military Commission. His arguments are certainly forward-leaning, referencing the PLA’s rising expectation that it will have to fight a near-term war with either the U.S., Taiwan, or both.
Beginning with a creative history of the Korean War, He explains that Mao Zedong’s deployment of the PLA against the U.S. military in North Korea shattered “the myth that U.S. imperialism is invincible.” Here, we see a presentation of the U.S. military as a force that can be both contested and defeated. The centrality of the Korean War to the Chinese military psyche takes on significant importance in the context of three factors. First, the war is seen as a necessary defense of the motherland against a great external threat. Second, the PLA has limited post-Korean War experience of major conflict. Third, China views the outcome of that war as being broadly in its favor. Taken together, He thus uses the Korean War to reinforce the idea that China can take on a more powerful foe and triumph.
China’s military might be shocked to find America’s military a wee bit more advanced and prepared than it was in 1950…
“China forced hundreds of thousands of children in Xinjiang, where the majority of the population belongs to the ethnic Uyghur minority, into ‘boarding schools‘ as they lost their parents to communist concentration camps.”
More than half a million Tibetan farmers and pastoralists have been placed in military training facilities to be turned into wage workers controlled by the authorities. This model replicates the one used in Xinjiang internment camps where more than a million Uyghur Muslims are imprisoned and indoctrinated.
A study by the Australian Strategic Policy Institute shows that the Chinese regime runs 380 “concentration camps” in the Xinjiang autonomous region. According to the Chinese Communist Party, Tibetans are a “lazy people” who need to be reprogrammed. To this end, Chinese leaders want to reduce the “negative influence” of the Buddhist religion.
The FBI is warning law-enforcement agencies to beware of cooperating with a Chinese government campaign to coerce U.S. residents to return to China to face criminal charges, according to a counterintelligence bulletin obtained by Yahoo News.
The bulletin comes after eight people, including a former New York Police Department officer, were indicted on charges of acting as illegal agents for Beijing.
“State and local public safety personnel should be aware that Chinese Government officials, such as diplomats and officials with China’s primary law enforcement agency, the Ministry of Public Security (MPS), may seek assistance to obtain sensitive US law enforcement or non-public personally identifiable information on individuals of interest,” which is marked for official use only and was distributed to law enforcement agencies around the country.
The warning concerns China’s long-standing policy of reaching beyond its borders to target people it accuses of financial crimes, even if they are permanently living abroad. The repatriations, often coerced by blackmail or threats, are part of Beijing’s anti-corruption campaign called Fox Hunt.
There has been an increasing number of allegations that China has coerced, even kidnapped, its citizens living abroad, and that it targets political dissidents as well as those accused of financial crimes.
When it comes to the impact of COVID-19 on the People’s Republic of China (PRC), the conventional wisdom seems to be that the emergence of the virus was mishandled and the Communist government has yet to be transparent about it, but that the spread was arrested through aggressive public-health practices and the economy has rebounded.
As usual with the PRC, the reality is more complex. In fact, recent signs of tension between President Xi Jinping and other leaders, notably Premier Li Keqiang, indicate the additional impact the pandemic had on an underlying soft economy and the country’s growing isolation because of Beijing’s poor handling of the crisis and other factors.
Snip.
In the past few years, Xi has centralized his personal authority to a degree not seen in a Chinese leader since Chairman Mao. In 2017, Xi took control of the country’s military and often appears in public in a military uniform. He is, in effect, the head of the National Security Council, the head of the foreign policy apparatus, and of multiple economic commissions. In recent public appearances, the state news agency Xinhua has referred to him as “People’s Leader.” Can “Chairman Xi” be far off? In additional to title inflation, in 2018, he imposed constitutional changes on the National People’s Congress that removed a term limit preventing him from seeking a third term in 2023. Xi’s moves and power consolidation mean he is responsible and accountable for both the good and the bad. And lately, there’s been far more bad than good.
Starting with the economy: However the government may have controlled the pandemic, the economy remains weak. Economic growth prior to the pandemic — according to China watchers skeptical of government numbers — was probably flat or negative, notwithstanding official statistics that had it closer to 6 percent. Government at every level and households had combined debt of about 300 percent of GDP. U.S. debt/GDP even after trillions in coronavirus relief spending is less than half China’s level, which leaves fewer levers for Beijing to pull to help stimulate the economy.
While the U.S. Federal Reserve and Congress have injected more than $6 trillion into the economy through massive purchases across many asset classes, the People’s Bank of China balance sheet has remained flat this year. The U.S. Congress provided about $630 billion in direct support to small businesses, compared with less than one-tenth that amount the PRC made available to small businesses in China. Retail sales in China for each month of 2020 are down compared with the same month the year prior. The real data are certainly worse than what the government discloses. In the U.S., retail sales in July were at all-time highs, eclipsing their pre-pandemic levels. According to economist Carlos Casanove at French insurer Coface, the PRC “recovery narrative has been overplayed.”
This is contributing to the tension between Xi and Li. At a press conference in May, the prime minister acknowledged that 600 million people in China — about half the population — subsist on 1000 yuan ($140) a month. This number includes the estimates of 80 million who lost work due to the virus who may have no income and no meaningful social safety net in China. Li’s data track with World Bank data which show a vast disparity in income between the urban elite and the mostly poor rural population. Even so, his comments were out of step with other government-touted figures, including a central bank survey in April of 30,000 urban residents who have an average of nearly half a million dollars in household assets. This figure generated so much controversy that the central bank withdrew it.
Read the whole thing.
“Chinese and European Union officials have agreed to an economic investment deal agreement despite international outrage over the communist regime’s human rights abuses and President-elect Joe Biden’s desire to coordinate an allied posture toward Beijing.” Also, get this: “‘This agreement will uphold our interests & promotes our core values,” European Commission President Ursula von der Leyen insisted Wednesday. ‘It provides us a lever to eradicate forced labour.'” Translation: “We know China engages in slave labor and we’re going to do business with it anyway, and just pretend we care about eliminating it.” (Hat tip: Director Blue.)
The Guardian newspaper in London had an exclusive story in which Victor Zhang, the vice president of Huawei, stated that in light of Trump’s defeat, Britain should review its decision to ban the telecoms giant from its 5G network. Zhang warned that this decision would have economic repercussions for Britain, adding: “As a global company, we want to work with governments to ensure they have the policies to secure growth. The decision was a political one motivated by U.S. perceptions of Huawei, and not those of the U.K. This is not really motivated by security, but about a trade war between the U.S. and China.”
Or consider the fact that this year, some British politicians have shown a certain amount of moral grit by expressing concerns about new authoritarian security laws in Hong Kong and China’s persecution of its Muslim Uyghur minority in Xinjiang. How have the Chinese reacted? This week, Fang Wenjian, chairman of the Chinese Chamber of Commerce in the U.K. and the Bank of China’s boss, issued another menacing warning. The Sunday Times and City A.M. have both published stories linking him to the threat that any decline in U.K.-China relations could force some Chinese firms out of the U.K. In other words: “Don’t criticize China’s abysmal human rights record, or you risk losing our business.”
Alarms bells are also ringing because of Citiking International, a Chinese-backed private equity firm with offices around the world and, it has been reported, possible ties to the Chinese Communist Party. It is trying to buy Eclipse Aerospace, a small firm based in Albuquerque, New Mexico, that employs 65 people. According to Defense News, Eclipse Aerospace produces “very light jets” that are used for intelligence, surveillance and reconnaissance. Defense News states that its planes feature “sophisticated avionics, engines (originally designed for cruise missiles) and a full authority digital engine control system that all contain sensitive national security design information.” Everybody should be deeply worried about the Chinese having access to this sensitive technology, for obvious reasons.
Snip.
The fact is, China has ruined the world in 2020 by its reckless handling of COVID-19. For this, it ought to pay very heavy reparations. It will not. Instead, the reverse is happening. China’s economy is powering ahead, and its leaders are bullying weaker Western nations. With Trump all but gone from the White House, and faltering Joe Biden preparing to move in, it now looks as though China’s quest for world domination is back on track. What a calamity.
“Apple’s longtime supplier accused of using forced labor in China.” “New documents show Lens Technology, which makes iPhone glass and is owned by China’s richest woman, received Uighur Muslim laborers transferred from Xinjiang.”
One of the oldest and most well-known iPhone suppliers has been accused of using forced Muslim labor in its factories, according to documents uncovered by a human rights group, adding new scrutiny to Apple’s human rights record in China.
The documents, discovered by the Tech Transparency Project and shared exclusively with The Washington Post, detail how thousands of Uighur workers from the predominantly Muslim region of Xinjiang were sent to work for Lens Technology. Lens also supplies Amazon and Tesla, according to its annual report.
Lens Technology is one of at least five companies connected to Apple’s supply chain that have now been linked to alleged forced labor from the Xinjiang region, according to human rights groups. Lens Technology stands out from other Apple component suppliers because of its high-profile founder and long, well-documented history going back to the early days of the iPhone.
Meng Yu, former chief investment officer of the California Public Employees’ Retirement System (CalPERS), received more than $1.7 million in total pay and benefits in 2019, according to the latest financial disclosures obtained by Transparent California, a taxpayer watchdog group. Under Meng’s leadership the pension fund, which covers two million members in the retirement system and 1.5 million members under its health program, has been subject to federal inquiries into its investments in Chinese government entities.
Meng took the lead at the pension fund after China’s Thousand Talents Program recruited him to serve as the deputy CIO of China’s State Administration of Foreign Exchange (SAFE), a state-controlled entity. The FBI considers the Thousand Talents Program an example of “China’s non-traditional espionage against the United States” that seeks to recruit people to transfer U.S. trade secrets and taxpayer-funded research into the hands of the Chinese government. Meng told the propaganda outlet People’s Daily that he worked for SAFE out of patriotic commitment to “the motherland.”
When a hacking organization’s secret tools are stolen and dumped online for anyone to pick up and repurpose, the consequences can roil the globe. Now one new discovery shows how long those effects can persist. Five years after the notorious spy contractor Hacking Team had its code leaked online, a customized version of one of its stealthiest spyware samples has shown up in the hands of possibly Chinese-speaking hackers.
At an online version of the Kaspersky Security Analyst Summit this week, researchers Mark Lechtik and Igor Kuznetsov plan to present their findings about that mysterious malware sample, which they detected on the PCs of two of Kaspersky’s customers earlier this year.1 The malware is particularly unusual—and disturbing—because it’s designed to alter a target computer’s Unified Extensible Firmware Interface, the firmware that is used to load the computer’s operating system. Because the UEFI sits on a chip on the computer’s motherboard outside of its hard drive, infections can persist even if a computer’s entire hard drive is wiped or its operating system is reinstalled, making it far harder to detect or disinfect than normal malware.
The malware the Kaspersky researchers discovered uses its UEFI foothold to plant a second, more traditional piece of spyware on the computer’s hard drive, a unique piece of code Kaspersky has called MosaicRegressor. But even if that second-stage payload is discovered and wiped, the UEFI remains infected and can simply deploy it again. “Even if you would take the physical disk out and replace it with a new one, the malware will keep reappearing,” says Lechtik, who along with Kuznetsov works as a researcher on Kaspersky’s Global Research and Analysis Team. “So I think to date, it’s the most persistent method of having malware on your device, which is why it is so dangerous.”
On 4 May 2016, a sudden mass death of fish in the Lichu River in Minyak Lhagang, Dartsedo County in Karze Prefecture brought hundreds of local Tibetans out on the street, protesting against a lithium mining company (Ronda Lithium Co Ltd) that released mine waste into the Lichu River, a tributary of Nakchu/Yalong river, the biggest river that merges with Yangtse downstream.
Yet another case of contaminated mine waste released into Tibetan rivers by a Chinese mining company clearly contradicts Beijing’s call for Green Development in their 13th Five Year plan. In recent years, there have been an increase in the number of cases of environmental degradation caused by Chinese mining companies in Tibet, resulting in more than 20 large scale mining-related protests since 2009.
China is also repressing Chinese Jews. I was unaware that Kaifeng, Henan, is home to a Jewish community dating back to the 9th century.
Speaking of which: “As the World Health Organization and other China puppets struggle to assemble a ‘natural origin’ theory for COVID-19, the CCP has been going to great lengths to quash non-sanctioned investigations that may instead point to a lab escape from research facilities which made international headlines in 2015 for dangerous ‘gain-of-function’ research – by which they were manipulating coronaviruses to better infect humans.”
More than a year since the first known person was infected with the coronavirus, an AP investigation shows the Chinese government is strictly controlling all research into its origins, clamping down on some while actively promoting fringe theories that it could have come from outside China.
The government is handing out hundreds of thousands of dollars in grants to scientists researching the virus’ origins in southern China and affiliated with the military, the AP has found. But it is monitoring their findings and mandating that the publication of any data or research must be approved by a new task force managed by China’s cabinet, under direct orders from President Xi Jinping, according to internal documents obtained by the AP. A rare leak from within the government, the dozens of pages of unpublished documents confirm what many have long suspected: The clampdown comes from the top.
As a result, very little has been made public. Authorities are severely limiting information and impeding cooperation with international scientists.
A host of corporate media outlets including CNN, The New York Times, The Washington Post, and MSNBC have participated in private dinners and sponsored trips with the China-United States Exchange Foundation, a Chinese Communist Party-funded group seeking to garner “favorable coverage” and “disseminate positive messages” regarding China, The National Pulse can reveal.
Other outlets involved in the propaganda operation include Forbes, the Financial Times, Newsweek, Bloomberg, Reuters, ABC News, the Economist, the Wall Street Journal, AFP, TIME magazine, LA Times, The Hill, BBC, and The Atlantic.
The relationship is revealed in the Department of Justice’s Foreign Agent Registration Act (FARA) filings, which reveal a relationship spanning over a decade between establishment media outlets and the China–United States Exchange Foundation (CUSEF).
The president of Columbia University is asking Joe Biden to end the monitoring of foreign-born students, especially those who are ethnically Chinese.
He characterized such monitoring as “paranoia.”
Columbia President Lee Bollinger issued the letter on December 3 as part of a broader statement asking Biden to “End the Trump Administration’s Assault on the International Exchange of Ideas.” In 2019, Bollinger wrote an op-ed in the Washington Post, warning that he would not “start spying” on foreign students.
Won’t someone please think of the plight Ivy league university presidents desperate to keep sucking China’s teat?
“How The Chinese Use Illegal Online Gambling And Tether To Launder Over $1 Trillion Yuan.” ‘Chinese citizens launder as much as $153 billion per year with the help of online gambling and such cryptocurrency as tether, which has long been rumored to be a key driver of upside into bitcoin.”
Huawei very much is the spearhead, because in the Chinese model of economic expansion and the development of world economic power, broadband is the opener to everything else.
It’s a company with a lot of very talented people. Ten years ago – if you asked people, “What Chinese products do you buy?” – you wouldn’t mention a single brand name. But everyone now knows Huawei. They produce the world’s best smartphones. They certainly dominate 5G internet. But Huawei is not a Chinese company. It is an imperial company.
The Chinese empire is doing better than us because it’s absorbed the talent of a very large number of others. Fifty percent of their engineers are foreign. They bankrupted their competition and hired their talent. They have 50,000 foreign employees, and a very disproportionate amount of their research and development (R&D) is conducted by foreign employees.
I’ve seen this personally. I worked for several years as an investment banker in Hong Kong for a Chinese-owned boutique. During that time, I collaborated with people from Huawei. I introduced them to foreign governments. Huawei was very clear about its objectives. They’d tell, for example, the government of Mexico, “Let us build a national broadband network. Once you get broadband, you get e-commerce and e-finance, and then we’ll supply the logistics and the financing for that, and we’ll integrate you into the world market.”
They’ve become one of the most connected societies on earth. China has, by far, the highest percentage of e-commerce of any society in the world. Electronic payment systems and electronic banking are much more advanced there than anywhere else.
Snip.
China has a set of weak spots. First, they’ve got a very rapidly aging population. Like all countries with aging populations, they need to export capital and employ young people and other countries to pay for the pensions of their own people. Germany does this, too. That’s part of the motivation for China’s strategy. They will have an enormous burden supporting the aged in the future. They’re hoping to deal with that through automation, through more efficient health care.
Their biggest problem is the ambitions of their young people. The Chinese created a generation of which 10 million people each year take the gaokao (university) exam. A third of them study engineering. They expect opportunities.
If China loses its edge in technology, if they fall behind the West, if the Communist Party is seen to have failed in competing with the West, I think that will be a significant threat to its power.
Worth reading, even if you take it with several grains of salt.
If I missed any China news, feel free to share in the comments.
Welcome to a special Christmas day LinkSwarm! And by “special,” I mean “because Christmas falls on Friday.”
Explosion rocks downtown Nashville. “Around 6:30 a.m., police received a call for a suspicious RV with no tags parked across from the Davidson County courthouse. As officers arrived, the RV exploded, blowing out the windows of nearby buildings and leaving extensive damage.” They’re calling it an “intentional act.” Maybe, especially across the street from a courthouse. But it could still be a meth lab cooking off. As always, remember that much of the early reporting around such events are usually wrong.
Update: Assuming the message in this video is real, it does appear to be a premeditated act of which authorities were warned:
WATCH: “If you can hear this message, evacuate now.”
This is allegedly video of the explosion in Nashville this morning, with a woman’s voice recording over a PA beforehand…
The deal comes in just eight days short of the hard-Brexit deadline. Rather than erecting trade barriers to which some had resigned themselves, the two sides are looking toward a more cooperative than contentious relationship, reports the Wall Street Journal:
Under the terms of the accord, both sides will continue to trade free of tariffs but there will be significant new bureaucracy for importers and exporters. The free flow of workers between the two economies will end and trade in services will be much reduced. London’s vast financial center will no longer have guaranteed access to European markets.
The deal gives Britain significant freedom to depart from EU regulations and sign free-trade deals with countries like the U.S. But as the price for securing a deal without tariffs, the U.K. agreed that it wouldn’t seriously undercut EU standards on issues such as labor and the environment and would maintain similar constraints on the subsidizing of private industry.
The agreement must formally be ratified by the European and U.K. parliaments and signed off by EU leaders before the end of the year. Capitals have insisted they need proper time to comb through the text before approving it. Though their approval is likely, France has warned it could veto a deal if some of its key concerns, including access to British waters for its fishing fleet, aren’t met.
Here’s the short version: One main problem is that the 5,500-plus page legislative package was drafted behind closed doors by party leaders, then quickly unveiled hours before a vote.
As voices as disparate as Democratic Rep. Alexandria Ocasio-Cortez and Libertarian Rep. Justin Amash have pointed out, this meant that most members of Congress had to vote for or against the package before actually getting to read the legislation.
Congress is expected to vote on the second largest bill in US history *today* – $2.5 trillion – and as of about 1pm, members don’t even have the legislative text of it yet.
That’s right: Trillions of taxpayer dollars were doled out, and the members of Congress who voted for it don’t even know where much of it is going.
This bill pours hundreds of billions of dollars into preexisting stimulus programs that were rife with waste, fraud, and abuse, without meaningfully addressing any of the problems. You can expect more stimulus checks sent to dead people and more runaway fraud to plague the expanded unemployment benefits.
“Tables Turned: Detroit Sues Black Lives Matter Group for ‘Civil Conspiracy’ to Riot and Attack Police.” The group in question is Black Lives Matter umbrella group Detroit Will Breathe. Discovery should be extremely interesting… (Hat tip: Stephen Green at Instapundit.)
Andrew Yang is running for mayor of New York City. It would be very difficult indeed for Yang not to be a vast improvement over the burning Porta-Potty stuffed with dead clowns that is the De Blasio administration. As a moderate Democrat, I would expect Yang to be a better mayor than de Blasio or David Dinkins, but not as good as Rudy Giuliani or Ed Koch. I would expect a Yang mayoralty to be about on par with Bloomberg’s, with maybe more upside if he’s willing to shake up the corrupt status quo and not push his disasterous pet guaranteed income idea.
In an address to the UN Security Council on Monday during a monthly session on the Middle East, US Ambassador Kelly Craft asserted that President Donald Trump’s policies had “overturned” long-held views about diplomacy in the region.
“For decades, the prevailing assumption was that the world would only see normalized international relations with Israel following a resolution of the Israeli-Palestinian dispute,” Craft told the virtual meeting. “But we have proven this assumption wrong.”
She touted the Trump administration’s pursuit of “economic and cultural ties” between Israel and its Arab neighbors, which has led to normalization agreements with the United Arab Emirates, Bahrain, Sudan and Morocco. Similar deals with countries such as Saudi Arabia and Oman, among others, could also be in the offing.
“All of us here should think long and hard about what else we may have missed or misinterpreted over the years.”
“Demanding Silicon Valley Suppress ‘Hyper-Partisan Sites’ in Favor of ‘Mainstream News’ (The NYT) is a Fraud:
The most prolific activism demanding more Silicon Valley censorship is found in the nation’s largest news outlets: the media reporters of CNN, the “disinformation” unit of NBC News, and especially the tech reporters of The New York Times. That is where the most aggressive and sustained pro-internet-censorship campaigns are waged.
Due in part to a self-interested desire to re-establish their monopoly on discourse by crushing any independent or dissenting voices, and in part by a censorious and arrogant mindset which convinces them that only those of their worldview and pedigree have a right to be heard, they largely devote themselves to complaining that Facebook, Google and Twitter are not suppressing enough speech. It is hall-monitor tattletale whining masquerading as journalism: petulantly complaining that tech platforms are permitting speech that, in their view, ought instead be silenced.
Snip.
The conceit that outlets like The New York Times, CNN and NPR are the alternatives to “hyper-partisan pages” is one you would be eager to believe, or at least want to induce others to believe, if you were a tech reporter at The New York Times, furious and hurt that millions upon millions of people would rather hear other voices than your own, and simply do not trust what you tell them. Inducing Facebook to manipulate the algorithmic underbelly of social media to artificially force your content down the throats of citizens who prefer to avoid it, while rendering your critics’ speech invisible — all in the name of reducing “hyper-partisanship,” “divisiveness,” and “misinformation” — is of course a highly desirable outcome for mainstream outlets like the NYT.
The problem with this claim is that it’s a complete and utter fraud, one that is easily demonstrated as such. There are few sites more “hyper-partisan” than the three outlets which the NYT applauded Facebook for promoting. In the 2020 election, over 70 million Americans — close to half of the voting population — voted for Donald Trump, yet not one of them is employed by the op-ed page of the “non-partisan” New York Times and are almost never heard on NPR or CNN. That’s because those news outlets, by design, are pro-Democratic-Party organs, who speak overwhelmingly to Democratic readers and viewers.
It is hard to get more partisan than the news outlets which the NYT tech reporters, and apparently Facebook, consider to be the alternatives to “hyper-partisan” discourse. In April, Pew Research asked Americans which outlet is their primary source of news, and the polling firm found that the audiences of NPR, CNN and especially The New York Times are overwhelmingly Democrats, in some cases almost entirely so.
As Pew put it: “about nine-in-ten of those who name The New York Times (91%) and NPR (87%) as their main political news source identify as Democrats, with CNN at about eight-in-ten (79%).” These outlets speak to Democrats, are built for Democrats, and produce news content designed to be pleasing and affirming to Democrats — so they keep watching and buying. One can say many things about these news outlets, but the idea that they are the alternatives to “hyper-partisan pages” is the exact opposite of the truth: it is difficult to find more hyper-partisan organs than these.
The Establishment decided that instead of having a vigorous debate and discussion over the safety and efficacy of these prophylactic potions, they would just short circuit the whole messy truth determination process that Western civilization has relied upon for a millennium – argument, debate, and eventually consensus after everything is fully and freely hashed-out – and move right to the Official Truth. All the smart set decided that the Official Truth would be that these vaccines were all perfect and necessary and that we needed to stamp out any hint of dissent lest people pause and think for themselves and thereby disrupt the plan by raising unapproved notions. And the tech overlords would do their part by ensuring that any info, ideas, or interplay that was not inline with the narrative would be suppressed.
It’s so much more efficient, you know, to tell people what they think than to take the time to convince them and refute counter-arguments.
Not everyone was foolish. It was very smart and good leadership for Mike Pence to take the shot in public in front of cameras. That a couple of tentacles didn’t sprout out of his clavicles was reassuring. That’s leadership, and that’s what our leaders should be doing. But most of our ruling class instead thinks that if they lie to us and suppress our debates and call us stupid enough, we’ll fall into line.
When has that worked for long?
A roundup of climate predictions for 2020 that were horribly wrong. Remember how snowfall would be a thing of the past?
Among Paul’s instances of waste were several health studies, including more than $36 million spent on studying why stress makes hair turn gray, more than $1 million spent studying whether people will eat ground-up bugs, and more than $3 million spent interviewing San Franciscans about their edible cannabis use.
As far as taxpayer dollars spent aiding other countries, $8.62 billion was spent in Afghanistan on counternarcotics efforts, more than $37 million was spent helping deal with truant Filipino youth, and more than $3 million was spent on sending Russians to American community colleges for a “gap year.”
Among funds spent on the environment, energy, and scientific research, more than $1 million was spent walking lizards on a treadmill, nearly $200,000 was spent studying how people cooperate while playing e-sport video games, and more than $2 million on developing a wearable headset to track eating behaviors.
The military had several particularly high expenditures this year that Paul listed as waste, including repurposing $1 billion in coronavirus response funds for unrelated acquisitions, more than $ 715 million in lost equipment designated for Syrians fighting ISIS, and $174 million on drones that were lost over Afghanistan.
Other eyebrow-raising expenses included more than $4 million spent on spraying alcoholic rats with bobcat urine, more than $10 million spent on would-be coronavirus test tubes that turned up as used soda bottles, and nearly $6 million spent building three bicycle storage facilities at Washington, D.C. Metro stations.
Man of the year: Jeffrey Toobin. “Toobin’s grip on the media was relentless. In 2002 he joined CNN and became the network’s chief legal analyst, a cocksure critic of Republicans…” (Hat tip: HashtagGriswold.)
