Posts Tagged ‘Russia’

Russia Defaults; Finland, Sweden Get Greenlight To Join NATO

Saturday, July 2nd, 2022

Here’s some news from the periphery of the Russo-Ukrainian War.

First up: Russia is in default over debts because it’s been cut out of SWIFT.

Russia on Sunday defaulted on its foreign debt for the first time since 1918 after the grace period on its $100 million payment expired, according to reports.

The $100 million interest payment deadline due to be met by the Kremlin had initially been set to May 27 but a 30-day grace period was triggered after investors failed to receive coupon payments due on both dollar and euro-denominated bonds.

Russia said that it had sent the money to Euroclear Bank SA, a bank that would then distribute the payment to investors.

But that payments allegedly got stuck there amid increased sanctions from the West on Moscow, according to Bloomberg, meaning creditors did not receive it.

Euroclear told the BBC that it adheres to all sanctions.

The last time Russia defaulted on its foreign debt was in 1918 when the new communist leader Vladimir Lenin refused to pay the outstanding debts of the Russian Empire during the Bolshevik Revolution.

Peter Zeihan explains what this means for the international financial order:

Is there any sign of Russia’s economy cratering from the sanctions? Not yet:

But one big downside of Vlad’s Big Ukraine Adventure became concrete this week: Finland and Sweden got the greenlight to join NATO:

NATO formally invited Sweden and Finland to join the alliance Wednesday at a summit in Madrid, Spain, in the midst of security concerns due to the Russia-Ukraine war.

The announcement comes after Turkish president Recep Tayyip Erdogan lifted his veto after a weeks-long stalemate over the negotiations. The decision will now rely on final ratification from all 30 member states.

“The accession of Finland and Sweden will make them safer, NATO stronger, and the Euro-Atlantic area more secure. The security of Finland and Sweden is of direct importance to the Alliance, including during the accession process,” NATO said in a statement.

NATO Secretary General Jens Stoltenberg called the decision “historic,” and thanked the leaders for their agreement.

Turkey signed a memorandum with Finland and Sweden on Tuesday confirming Erdogan would support the nomination of the two Nordic countries into the alliance.

Remember that tangling with the Finns has not been a source of happiness for Russia. The Soviet Union may have gained some territory in the Winter War and the Continuation War, but the Finns tore them a new asshole in the process. For the entirety of post-World War II, the Soviet Union and Russia have relied on a neutral Finland (“Finlandization”) to secure their northernmost flank. With Finland joining NATO, they no longer have that luxury.

The Finns have a fair amount of German equipment (including Leopard 2 tanks) and American aircraft (including having F-35s on order). I imagine integrating their forces into the NATO command structure should be quite feasible.

Speaking of countries that Russia has not had much joy tangling with, Sweden has invaded Russia more than once.

Though Swedish armed forces are relatively small, they have, if anything, even more German tech, and their native-built Stridsvagn 122 tank is based on the Leopard 2. Their Archer mobile artillery system is arguably the best in the world.

Oh, and both Sweden and Finland have several nuclear power plants each. Both could develop nuclear weapons in fairly short order if they had to. And any Russian moves against the Baltic states would probably be enough to push them into doing it, Nonproliferation Treaty be damned.

Getting Finland and Sweden to join up with NATO is has a high probability of being a historical blunder that outweighs any Ukrainian territorial gains Russia might end up with.

LinkSwarm for July 1, 2022

Friday, July 1st, 2022

Welcome to the second half of 2022! The Biden Economy suckage becomes more obvious, the world’s most taboo lawsuit wants justice for real women being raped by fake women that the state of California forced on them, the Supreme Court slaps the EPA with a ruler over regulating carbon dioxide without congressional authority, and Eric Adams finally realizes he’s running a hellhole. It’s the Friday LinkSwarm!

  • U.S. first-quarter GDP shrank 1.6%.” And the second quarter will probably suck as well.
  • $10 a gallon gasoline coming? If anyone can make it happen, it’s the Biden Administration.
  • Russia has taken Severodonetsk and is pounding Lysychansk. They have also successfully crossed the Donets River.
  • However, Russia has withdrawn from Snake Island.
  • Welcome to the world’s most taboo legal case, a lawsuit over imprisoned woman having the right not to be raped by men who “identify” as women.

    On November 17, 2021, the Women’s Liberation Front, or WoLF, filed a civil rights lawsuit in California that drew almost no coverage. A press corps gearing up to be outraged en masse by the Amber Heard-Johnny Depp defamation case had zero interest in a lawsuit filed by far poorer female abuse victims.

    Janine Chandler et al vs. California Department of Corrections targeted a new California state law, the “The Transgender Respect, Agency, and Dignity Act,” a.k.a. S.B. 132. The statute allows any prisoner who self-identifies as a woman — including prisoners with penises who may have stopped taking hormones — into women’s prisons. There was nothing TV-friendly about the scenes depicted in the complaint:

    Plaintiff Krystal Gonzalez (“Krystal”) is a female offender currently incarcerated in Central California Women’s Facility. Krystal was sexually assaulted by a man transferred to her unit under S.B. 132. Krystal filed a grievance and requested single-sex housing away from men; the prison’s response to Krystal’s grievance referred to her assault by a “transgender woman with a penis.” Krystal does not believe that women have penises…

    After a week spent denounced for reviewing the Matt Walsh documentary What is a Woman?, and for saying things I think will be boring conventional wisdom within a year, I was ready to never go near trans issues again and move to the impending financial disaster. But accident sucked me back. I’d made a point of pride of not reading a line of commentary about Heard-Depp, but listened to an episode of Blocked and Reported that touched on it after it was over, and learned three things that made me furious and think immediately of Chandler.

    One, the ACLU, in apparent exchange for a pledge of $3.5 million, ghost-wrote Heard’s offending editorial, and in particular a line about her having “felt the full force of our culture’s wrath for women who speak out.” Two: Guardian writer Moira Donegan declared, “We are in a moment of virulent antifeminist backlash.” Three: Vice proclaimed without irony, “We’ve all failed Amber Heard.” Almost as one, the establishment press declared itself concerned with the suffering of a rich actress. However, there’s a gaping loophole in their concern for women, and Chandler sits in the middle of it.

    Let’s talk about “the full force of our culture’s wrath for women who speak out” in the context of this case:

    Chandler is the headline legal action in a nationwide battle over whether or not prisoners who self-identify as women, including those with histories of rape or sexual abuse, should be allowed to transfer to women’s correctional facilities. There have been both official and unofficial policy changes on this front in a growing collection of states across the country. These often happen with little to no public debate, because this issue may be the most impenetrable media taboo in America now.

    The group bringing the suit, WoLF, has been targeted from every conceivable angle by pressure and censorship campaigns. While we at least heard about protesting Canadian truckers having their GoFundMe campaigns frozen, WoLF didn’t even bother trying to raise money on that platform, “because they just ban you really easily,” as legal director Lauren Adams put it.

    They moved to a purportedly speechier platform, GiveButter, hoping they would have “less of a censorious kind of view.” But even GiveButter soon gave WoLF the boot (I reached out to the company, which hasn’t provided public comment yet). “It was just a general fundraiser,” Adams explains. “And they said we violated their community standards. So now we’re on GiveSendGo, which is a Christian crowdfunding site.”

    If there’s a better illustration of the upside-down state of politics in 2022 America, it’s a feminist activist group forced to seek cyber-refuge in a Christian fundraising company.

    Snip.

    Most of the cross-dressing men claiming a “transgender identity” and granted transfer… are sex offenders, most are heterosexual men who want to be housed with women to get penis-in-vagina sex, most stop taking any feminizing hormone medications right after getting into women’s prison, they all refer to themselves as men when speaking to the women inmates, many have threatened to “fight you like a man” to women inmates, many have threatened to rape us, and they all have working penises that they are using to have sex with female inmates.

    Transexism is now so central to the social justice victimhood politics ideology that controls the Democratic Party that it leads to letting men rape women rather than question the holy tenant that a man can magically become a women by declaring it so.

  • Notice how that “giant backlash” against the overturning of Roe vs. Wade seems to be limited to leftwingers freaking out on social media? Here’s a good explanation why:

  • Another salutary Supreme Court decision: The EPA cannot regulate carbon dioxide as a pollutant absent explicit congressional authorization to do so.
  • “U.S. and Canada Tell G7 That Climate Change Policy is More Important Than Feeding People.”
  • I’ll take “Headlines That Surprise No One” for $400: Top Three Worst-Run US Cities Are Controlled By Democrats. D.C., San Francisco, and New York City.
  • Speaking of which, New York City mayor Eric Adams is shocked, shocked to discover that the city he runs sucks.

    During an exclusive interview conducted as Adams rode the subways overnight for more than three hours last week, the former NYPD transit cop said he was astounded by the botched “deployment of resources” that has New Yorkers on edge amid a nearly 40 percent surge in major crimes this year.

    “Let me tell you something: When I started looking into this, I was shocked at how bad this place is,” he said of the city.

    Adams — who campaigned on a promise to restore order to an increasingly lawless Gotham — said the scales fell from his eyes when he began reviewing internal city operations following his swearing in moments after midnight on New Year’s Day.

    Yet somehow I could tell that despite living some 1,700 miles away, thanks to the magic power of “paying attention” and “not depending on the MSM for news.”

  • California’s Attorney general wants to revoke Second Amendment rights for citizens based on their political beliefs.
  • More than 1 million voters across 43 states have switched to the Republican Party over the last year.”

    Nowhere is the shift more pronounced — and dangerous for Democrats — than in the suburbs, where well-educated swing voters who turned against Trump’s Republican Party in recent years appear to be swinging back. Over the last year, far more people are switching to the GOP across suburban counties from Denver to Atlanta and Pittsburgh and Cleveland. Republicans also gained ground in counties around medium-size cities such as Harrisburg, Pennsylvania; Raleigh, North Carolina; Augusta, Georgia; and Des Moines, Iowa.

  • Who has the highest debt in the EU? Exactly who you would think: The PIGS (Greece, Italy, Portugal and Spain, in that order), then France, Belgium and Cyprus.
  • Supreme Court to Louisiana Democrats: No, you can’t have another Democratic congressional seat. Not yours.
  • Methinks thou hast punched thy ticket in a shade most pink. (Hat tip: Dwight.)
  • Following other western tech giants, Cisco plans to exit Russia permanently. Unless you’re in the sector, you might underestimate just how many pies Cisco has fingers in. (Hat tip: Stephen Green at Instapundit.)
  • The $37 billion road project that’s changing Indonesia.
  • Project Farm rates blue jeans.
  • Dear Bed Bath and Beyond: Turning off the air conditioning is not a way to win customers in Texas during the summer. (They deny the charge.) (Hat tip: Stephen Green at Instapundit.)
  • “Authorities Warn Tonight’s Protests May Escalate From ‘Mostly Peaceful’ To ‘Somewhat Peaceful.'”
  • Russo-Ukranian War Update for June 22, 2022

    Wednesday, June 22nd, 2022

    The general course of the Russio-Ukrainian War seems the same (Russia grinding out slow gains in the Severodonetsk front, while Ukraine gains back territory on the wings near Kharkiv and Kherson), but there are a lot of interesting stories out on the periphery of the conflict.

    First, the requisite map snap:

    (These snapshots are not the end-all and be-all of the situation, but back when I was covering the war against the Islamic State, I found that they were helpful in jogging my memory reviewing the course of the war at later dates.)

    Now some links:

  • ISW’s assessment.

    Members of the Russian military community continue to comment on the shortcomings of Russian force generation capabilities, which are having tangible impacts on the morale and discipline of Russians fighting in Ukraine. Russian milblogger Yuri Kotyenok claimed that Russian troops lack the numbers and strength for success in combat in Ukraine. Kotyenok accused Russian leadership of deploying new and under-trained recruits and called for replenishment of forces with well-trained recruits with ground infantry experience—though the Russian military is unlikely to be able to quickly generate such a force, as ISW has previously assessed. Despite growing calls for increased recruitment from nationalist figures, Russian leadership continues to carry out coercive partial mobilization efforts that are only producing limited numbers of replacements while negatively impacting the morale and discipline of forcibly mobilized personnel. Ukraine’s Security Service (SBU) claimed that Russian authorities in Luhansk are arranging gas leaks in apartment buildings to force men who are hiding from mobilization into the streets. The Ukrainian Main Intelligence Directorate (GUR) additionally reported that Russian soldiers in occupied Tokmak, Zaporizhia Oblast, are appealing to local Ukrainian doctors to issue them certificates alleging medical inability to continue military service.

    Ukrainian forces conducted a drone strike (likely with a loitering munition, though this cannot be confirmed) on a Russian oil refinery in Novoshakhtinsk, Rostov Oblast, on June 22. Russian Telegram channel Voenyi Osvedomitel claimed that the strike, which targeted Russian infrastructure within 15 km of the Ukrainian border, originated from Donetsk Oblast. Ukrainian forces have not targeted Russian infrastructure for several weeks, and this strike is likely an attempt to disrupt Russian logistics and fuel supply to Russian operations in eastern Ukraine.

    Though they also note that Russia has been using its anti-air capabilities to better deal with Ukrainian drones.

  • Ukraine attacked long-occupied gas platforms off the coast of Crimea. It also reportedly hit occupied Snake Island, though there seems to be some dispute over this.
  • Did a Russian cyberattack trigger the Freeport LNG explosion on June 8?

    Well, a June 14 press release from Freeport LNG notes that “the incident occurred in pipe racks that support the transfer of LNG from the facility’s LNG storage tank area to the terminal’s dock facilities. … Preliminary observations suggest that the incident resulted from the overpressure and rupture of a segment of an LNG transfer line, leading to the rapid flashing of LNG and the release and ignition of the natural gas vapor cloud. Additional investigation is underway to determine the underlying precipitating events that enabled the overpressure conditions in the LNG piping.” The statement added that federal authorities were assisting with its investigation.

    However, what was not explained is how a critical overpressure event could have occurred without safety systems kicking into action. Two LNG pipeline experts I talked to, who both asked to remain anonymous due to potential retaliatory damage to their business interests, say that pipeline corrosion and other material failures can cause critical incidents. Still, the FBI’s investigative involvement, the specific nature of this explosion, and the scale of damage incurred do raise major questions. The experts suggested that piping from a storage tank to a terminal, as in this explosion, should have extensive safeguards to prevent overpressure events. One expert was highly confident that control of pipeline flows would be undertaken from a networked control facility.

    That brings us to the Russian cyber unit involved in the targeting reconnaissance against Freeport LNG.

    Named XENOTIME by researchers, the unit has utilized boutique TRITON/TRISIS malware developed by the Russian Ministry of Defense’s Central Scientific Research Institute of Chemistry and Mechanics. That malware is designed for the seizure of industrial control systems and the defeat of associated safety systems. In 2017, GCHQ (Britain’s NSA-equivalent signals intelligence service) outlined the need for network compartmentalization to protect safety systems against this malware better. In March 2022, the FBI warned that TRISIS malware remained a threat.

    XENOTIME is assessed by the U.S. and British governments as a critical infrastructure-focused, advanced persistent threat actor. The unit’s modus operandi involves targeting industrial control systems and supervisory control systems in order to effect unilateral control of a network. XENOTIME has caused specific concern in Western security circles for its targeting of safety systems that would otherwise mitigate threats to life during a cyberattack. XENOTIME’s activity has escalated in 2022. Evincing as much, an April 13 U.S. government cybersecurity warning noted, “By compromising and maintaining full system access to [industrial control system]/[safety] devices, [threat] actors could elevate privileges … and disrupt critical devices or functions.”

    Snip.

    While the Freeport LNG explosion remains under investigation, multiple sources told me they were struck by the overpressure event along a key pipeline transit route and the evident failure of safety systems to engage. This fits with XENOTIME’s modus operandi.

    That’s an “interesting but unproven” in my book… (Hat tip: Jim Geraghty at NRO.)

  • Switzerland Imports Russian Gold for First Time Since War.”

    More than 3 tons of gold was shipped to Switzerland from Russia in May, according to data from the Swiss Federal Customs Administration. That’s the first shipment between the countries since February.

    The shipments represent about 2% of gold imports into the key refining hub last month. It may also mark a change in perception of Russian bullion, which became taboo following the invasion. Most refiners swore off accepting new gold from Russia after the London Bullion Market Association removed the country’s own fabricators from its accredited list.

    While that was viewed as a de facto ban on fresh Russian gold from the London market, one of the world’s biggest, the rules don’t prohibit Russian metal from being processed by other refiners. Switzerland is home to four major gold refineries, which together handle two-thirds of the world’s gold.

    Almost all of the gold was registered by customs as being for refining or other processing, indicating one of the country’s refineries took it. The four largest — MKS PAMP SA, Metalor Technologies SA, Argor-Heraeus SA and Valcambi SA — said they did not take the metal.

    In March, at least two major gold refineries refused to remelt Russian bars even though market rules permit them to do so. Others, such Argor-Heraeus, said they would accept products refined in Russia prior to 2022, so long as there were documents proving that the gold had not been exported from Russia after beginning of the war, and that accepting them would not benefit Russia, a Russian person or entity anywhere in the world.

  • Though this piece is two weeks old, Frederick Kagan is not impressed with Russia’s Severodonetsk offensive.

    he fight for Severodonetsk is a Russian information operation in the form of a battle. One of its main purposes for Moscow is to create the impression that Russia has regained its strength and will now overwhelm Ukraine. That impression is false. The Russian military in Ukraine is increasingly a spent force that cannot achieve a decisive victory if Ukrainians hold on.

    Russian President Vladimir Putin is therefore trying to turn his invasion of Ukraine into a brutal contest of wills. He’s betting his army on breaking Ukrainians’ collective will to fight on in their country. His own won’t likely break. Fortunately, Ukraine doesn’t need it to. If Ukrainians can weather the current Russian storm and then counterattack the exhausted Russian forces they still have every chance to free their people and all their land.

    Putin amassed the wreckage of Russian combat forces into a lethal amalgam around the cities of Severodonetsk and Lysychansk in Ukraine’s eastern Luhansk Oblast. That amalgam is crawling forward using massive artillery barrages to obliterate everything in its path allowing Russia’s demoralized and frightened soldiers to walk into the rubble.

    The Ukrainian defenders are wisely withdrawing in the face of this reckless barbarism, but at a high price to their own morale and their will to continue the fight. Ukrainian soldiers and citizens are criticizing their government for not supporting the troops on the front lines. Ukrainians are starting to doubt that they can prevail for the first time since they won the Battle of Kyiv. Delays in the provision of Western aid and refusals by the U.S. and other countries to provide certain needed weapons systems are helping to fuel those doubts. And now voices are rising in the West calling on Ukraine to offer concessions.

    All of which is exactly what Putin needs. He cannot defeat Ukraine militarily as long as Ukrainians retain the will to fight and the West the will to back them. So he attacks the will of both by forcing his own troops into the most vicious and brutal offensive of this war, hoping to persuade everyone that he’s finally harnessed the mass and power of Russia that Stalin wielded to defeat Hitler—and thus that resistance to his demands is futile. Putin also holds hostage critical export supplies of Ukrainian food and fuel, hoping to impose high enough costs on the West to persuade it to abandon Ukraine.

    Neither Ukrainians nor their friends around the world must give in to Putin or be deluded by the current mirage of Russian success and power he is presenting in the Battle of Severodonetsk. For mirage it is. Russia’s drive in Luhansk is the desperate gamble of a dictator staking the last of the offensive combat power he can scrape together in hopes of breaking his enemies’ will to continue the fight. and let him claim that he’s taken all of Luhansk Oblast. It is a historical rhyme with Hitler’s determination to seize Stalingrad in 1942 or to hold Kharkov in defiance of his commander’s advice. There are no Russian large reserves coming behind this force to carry its successes forward. On the contrary, Putin has created it only by denuding other key axes of the forces they need to defend against Ukrainian counterattacks. This offensive will likely culminate soon because even this slow, grinding advance will exhaust the forces conducting it. Putin will then be unable to launch another for quite some time.

  • I thought this would be a longer update, but I’m running out of day…

    Lithuania Blocks Russian Rail To Kaliningrad

    Tuesday, June 21st, 2022

    EU and NATO member Lithuania has announced that they’re applying international sanctions to rail traffic that crosses their territory from Russia (via Belarus) to the Russian enclave exclave of Kaliningrad.

    Lithuania has begun a ban on the rail transit of goods subject to European Union sanctions to the Russian far-western exclave of Kaliningrad, transport authorities in the Baltic nation said on June 18.

    The EU sanctions list includes coal, metals, construction materials, and advanced technology.

    Anton Alikhanov, the governor of the Russian oblast, said the ban would cover around 50 percent of the items that Kaliningrad imports.

    Alikhanov said the region, which has an ice-free port on the Baltic Sea, will call on Russian federal authorities to take tit-for-tat measures against the EU country for imposing the ban. He said he would also seek to have more goods sent by ship to the oblast.

    The cargo unit of Lithuania’s state railways service set out details of the ban in a letter to clients following “clarification” from the European Commission on the mechanism for applying the sanctions.

    Previously, Lithuanian Deputy Foreign Minister Mantas Adomenas said the ministry was waiting for “clarification from the European Commission on applying European sanctions to Kaliningrad cargo transit.”

    The commission stated that sanctioned goods and cargo should still be prohibited even if they travel from one part of Russia to another but through EU territory.

    The European Union, United States, and others have set strict sanctions on Moscow for its unprovoked invasion of Ukraine.

    As to why Russia ended up with a formerly German enclave between Poland and Lithuania, History Matters provides a handy guide:

    The importance to Kaliningrad is that it’s Russia’s only ice-free port on the Baltic Sea and home to the Russian Baltic fleet at Baltiysk.

    Anyone who remembers the history of the Cold War knows that there’s no love lost between Lithuanians and Russia.

    Peter Zeihan (him again) explains why this is such a big problem for Russia. “Russia is already shitting solid gold kittens over this…in any sort of meaningful conflict between Russia and NATO, Kaliningrad would probably fall in a matter of days if not hours.” So Russia is likely to put in more nuclear missiles.

    Plus a bit on Europe abandoning their green delusions to embrace coal, and how German accounting chicanery artificially inflates the amount of renewable energy they’re actually generating and ignore a lot of coal generation for official figures.

    Interesting times…

    LinkSwarm for June 17, 2022

    Friday, June 17th, 2022

    The Fed goes Volcker, more Welcome Back Carter cosplay, Big Yellow moves to Texas, and Florida Man makes a run for the ocean.
    
    FYI, Blue Host has been acting weird today, giving errors when you tried to save, even though everything appears to be there upon reloading. (Shrugs.)
    
    

  • Fed hike rates 75 basis points. The attempt to Volckerize inflation during the Biden Recession has begun.
  • Speaking of St. Volcker, there were a lot of other factors that helped kill inflation in the early 1980s:
    • Oil was one of the primary causes of the 1970s inflation and everyone remembers the oil crisis. During the decade, oil ran all the way from $2 to $39. However, the flipside to this story is that with a lag, high oil prices will eventually incentivize production. The issue was that the US specifically disincentivized US producers and importers. Ronald Reagan signed an Executive Order in January of 1981 to eliminate oil price controls and then removed Jimmy Carter’s idiotic Windfall Profits Tax a few years later. As expected, global production expanded rapidly and with the removal of price controls, that production flooded into the US. By the middle of the decade, despite repeated production cuts by OPEC, there was a global glut of oil and by 1985, oil had collapsed all the way to $7. It wasn’t interest rates that made oil decline, it was government policy on the deregulation side, along with rapid production increases from non-OPEC countries.
    • President Reagan’s Economic Recovery Tax Act was signed into law in August of 1981, designed to reduce tax rates and incentivize investment by rewarding risk-taking by businesses. In particular, the Accelerated Cost Recovery System served to accelerate depreciation, reducing taxes for those that invested in productive capacity. Once again, government policy, not interest rates led to an increase in investment and ultimately supply, helping to tame inflation.
    • It wasn’t just Reagan working on de-regulation; The Staggers Act of October 1980, deregulated the railroads, The Motor Carrier Act of July 1980, deregulated the trucking industry, and the Airline Deregulation Act of October 1978 effectively deregulated transport industries. The net effect was dramatic price competition, better ability to invest and innovate, and the ability to eliminate unprofitable business that was funded by profitable business. Almost immediately after passage, pricing for transport services collapsed and the ease of transporting goods expanded.
    • Organized labor was also dealt a near-fatal blow when Reagan fired the air traffic controllers in August of 1981. This may have reduced the wages for a generation of middle-class workers, but it sure wasn’t inflationary. It also accelerated the decline of unions which had already peaked out as a percentage of workers. More importantly, it reduced the militancy of unions and took the teeth out of their ability to disrupt businesses, leading to better efficiency and lower costs for consumers.
    • At the same time, when it comes to macroeconomics, demographics equals destiny. In this case, Volcker simply got lucky. Think of the Baby Boom generation, the last of whom was born in 1964. By 1982, these last Boomers hit 18 and started joining the workforce. The eldest Baby Boomers, born in 1946, were already 36 by then. Look at the massive increase in workers starting in the late 1970s and into the 1980s, which tamped down wages and tamed inflation—especially as female participation in the workforce expanded dramatically. This added labor slowed a key component of the inflation.

    The Biden Administration looks capable of pursuing none of those policies, and the Baby Boomers are starting to retire…

  • More Biden Magic: “The Dow has now had 11 down weeks out of the last 12. This has never happened before… (in Nov 1929, The Dow fell for 10 of 11 weeks)…”
  • How did we get here? Well, in addition to those SUPERgeniuses in the Biden Administration, decades of deficit spending, and loose Fed money printing, there’s the Flu Manchu lockdowns.

    For weird reasons, some people, many people, imagined that governments could just shut down an economy and turn it back on without consequence. And yet here we are.

    Historians of the future, if there are any intelligent ones among them, will surely be aghast at our astounding ignorance. Congress enacted decades of spending in just two years and figured it would be fine. The printing presses at the Fed ran at full tilt. No one cared to do anything about the trade snarls or supply-chain breakages. And here we are.

    Our elites had two years to fix this unfolding disaster. They did nothing. Now we face terrible, grim, grueling, exploitative inflation, at the same time we are plunging into recession again, and people sit around wondering what the heck happened.

    I will tell you what happened: the ruling class destroyed the world we knew. It happened right before our eyes. And here we are.

    Last week, the stock market reeled on the news that the European Central Bank will attempt to do something about the inflation wrecking markets. So of course the financial markets panicked like an addict who can’t find his next hit of heroin. This week already began with more of the same, for fear that the Fed will be forced to rein in its easy-money policy event further. Maybe, maybe not; but recession appears impending regardless.

    The bad news is everywhere.

  • More Welcome Back Carter 70s throwbacks: labor unions want to wage war strikes against the U.S. food chain.
  • A closer look suggests that Democrats are actually doing worse than their horrible polls suggest.

    The polling error for the 2020 election was roughly 4% nationwide, the largest in the last 40 years.

    Fast-forward to today. Inflation is 8+ percent, the price of food and gasoline is way up, crime is up, there is a nationwide shortage of baby formula, and don’t get me started on the border crisis. Yet Joe Biden’s job approval is close to 40% positive. That means almost four out of every ten Americans think Joe is doing a good job if you believe the RealClearPolitics average. And I don’t.

    Snip.

    If the polls are overestimating approval numbers for Biden and other Democrats, how bad is it? The political climate today is different since the 2020 election, but the Democrat poll bias seems intact, which was 4% nationwide. Since nonresponse bias, 4%, and registered voter bias, 2.6%, should be mutually exclusive, we can add them together. This gives us a total Democrat bias of roughly 6.5%

    What does this mean? Until pollsters switch to sampling likely voters right before the election, you can subtract a solid 6 percent from Joe Biden’s approval numbers. And if nothing changes before the election, any Democrat who leads by 3 percent or less is likely to lose.

  • Another Russian ship sunk.
  • “Paxton Wins Lawsuit Against Lax Biden Immigration Policy.”

    Texas Attorney General Ken Paxton is enjoying a victory against a Biden administration policy that has allowed illegal aliens to cross the southern border without consequence.

    In 2021, President Joe Biden’s Department of Homeland Security issued a rule giving immigration law enforcement officials the power to decide whether or not to detain illegal aliens who attempt to cross the border (in contradiction to federal law, which says they must all be detained).

    This policy caught the attention of Texas Attorney General Paxton and Louisiana Attorney General Jeff Landry, who sued to stop the rule change, arguing that Biden was violating federal law when refusing to take custody of criminal migrants.

    Paxton bashed President Biden, arguing that the policy was contrary to federal law and was instituted without following the proper procedure. Over a year since the original lawsuit was filed, a federal judge issued a ruling against the Biden administration on Friday.

    Federal District Judge Drew Tipton said in his decision that the rule was “an implausible construction of federal law that flies in the face of the limitations imposed by Congress.” Tipton added, “Whatever the outer limits of the authority, the executive branch does not have the authority to change the law.”

    After a legal fight lasting almost a year, Texas judges ruled a final judgment banning Biden’s detention-discretion rule.

  • The Sheriff’s Office of Isabella County, Michigan has to stop responding to some 911 calls due to rising gasoline prices.
  • Sixty years ago came the birth of the New Left via Tom Hayden, Students for a Democratic Society and the Port Huron Statement. (Hat tip: Stephen Green at Instapundit.
  • Most of what you know about Watergate is probably wrong. (Hat tip: Dwight.)
  • Leaked internal emails showing Twitter employees debate banning Libs Of Tik-Tok for crimes against social justice.
  • Round Rock ISD Trustee Sues Superintendent Over Alleged Illegal Investigation. The saga continues in Round Rock ISD as trustee Mary Bone files against scandal-plagued Superintendent Hafedh Azaiez.”
  • Caterpillar is moving their headquarters to Texas.

    (Hat tip: Stephen Green at Instapundit.)

  • Elon Musk: “Democrats ‘Would Rather Tesla Was Dead Than Be Alive And Non-Unionized.'” Of course they would. If they can’t rake graft off you, or harvest votes from your ghetto, you’re worse than useless to them.
  • Speaking of Musk: Several snowflakes working at SpaceX circulated a letter calling Musk “an embarrassment” and demanding the company be more “inclusive.” Result: He fired their ass. Good.
  • McDonald’s gives up on healthy food.
  • Florida Man Crime Blotter: Accused Medicaire fraudster Ernesto Graveran captured trying to escape to Cuba on a jet ski. (Hat tip: Dwight.)
  • How bad is the Biden economy? There’s now a Sriracha shortage.
  • San Antonio symphony orchestra shuts down and files for Chapter 7 bankruptcy. “The last bargaining session between the Symphony Society and the Musicians’ Union took place on March 8, 2022 after which the Union declined to return to the bargaining table, despite efforts of federal mediators and the Symphony. The Musicians’ Union has made it clear there is no prospect of the resumption of negotiations, absent the Board agreeing to a budget that is millions of dollars in excess of what the Symphony can afford.” (Hat tip: Dwight.)
  • “School District Announces Summer Enrichment Program For Kids Who Need Extra Grooming.”
  • Swim like no one’s watching.

  • Successful Ukrainian Counterattack in Severodonetsk?

    Sunday, June 5th, 2022

    Information coming out of the Russo-Ukrainian War can be hard to verify, especially given how untrustworthy the mainstream media have made themselves. But Ukraine seems to have launched a successful counterattack in the key city of Severodonetsk.

    Russia is “suffering huge losses” and losing hard-fought ground in the Ukrainian city of Severodonetsk after invading units started retreating from the key industrial center, Ukrainian officials asserted Saturday.

    The dramatic turnabout, which could not be independently confirmed, represented a rare successful counter-offensive against Russian forces, which had recently been steadily advancing in Ukraine’s eastern territories.

    It was the first time Ukraine claimed to have conducted a large counter-attack in Severodonetsk, a city of 100,000 and the last major municipality in the disputed Luhansk oblast under Ukrainian control, after days of losing ground in the country’s embattled east.

    Russia had “previously managed to capture most of the city,” Sergiy Haidai, the governor of the Luhansk region said in a televised address Saturday, The Guardian reported. “But now our military has pushed them back.”

    Later Saturday, Oleksandr Stryuk, the head of the city’s military operations, said that Ukrainian forces were able to build a line of defense in Severodonetsk, according to The Kyiv Independent.

    Both sides of the war have claimed to have inflicted huge casualties in the fighting for the city — a battlefront that military experts believe could determine which of the two countries has the momentum for a prolonged war of attrition in coming months.

    Here’s a quick Livemap snapshot:

    A more detailed annotated map from Random Guy On Twitter (grains of salt apply):

    There’s some talk on Twitter of Ukrainian forces luring Russia into a trap and using the high ground in Luhansk to rain artillery on Russian positions:

    Here’s Denys Davydov, AKA Ukrainian Map Guy, on the action (usual caveats and grains of salt apply):

    When faced with the task of taking large hostile cities, Russian doctrine has been to bomb them flat with artillery first. Historically, urban warfare has not been a source of happiness for the Russian military. They got torn up badly in Grozny, and seem to have forgotten all the painful lessons learned there.

    Russia may have a hefty supply of old tanks, but it’s supply of competent ground forces absent a general mobilization (which Putin has thus far refused to authorize) is quite finite. Russia has even resorted to forced mobilization of troops in the area it occupies, a desperation tactic likely to make things worse for an army that already suffers from low morale.

    Says ISW:

    The Ukrainian government and military are furthermore discussing the battle of Severodonetsk in increasingly confident terms and are likely successfully blunting the Russian military’s major commitment of reserves to the grinding battle for the city. While Russian forces may still be able to capture Severodonetsk and Lysychansk and Ukrainian forces are likely more degraded than Haidai’s statements imply, Ukrainian defenses remain strong in this pivotal theater. The Russian military has concentrated all of its available resources on this single battle to make only modest gains. The Ukrainian military contrarily retains the flexibility and confidence to not only conduct localized counterattacks elsewhere in Ukraine (such as north of Kherson) but conduct effective counterattacks into the teeth of Russian assaults in Severodonetsk that reportedly retook 20% of the city in the last 24 hours. The Ukrainian government’s confidence in directly stating its forces can hold Severodonetsk for more than two weeks and willingness to conduct local counterattacks, rather than strictly remaining on the defensive, is a marked shift from Ukrainian statements as recently as May 28 that Ukrainian forces might withdraw from Severodonetsk to avoid encirclement.

    The fog of war and the paucity of competent in-theater reporting makes things hard to analyze, but at this point in time, it appears that Ukraine is winning the Battle of Severodonetsk.

    These Are The Cope Cages

    Sunday, May 29th, 2022

    It looks like we finally have an answer to just what the “cope cages” seen on some Russian tanks were meant to accomplish:

    The Red Effect guy went back and looked at the original specs for the original factor-manufactured slat armor purpose-built for advanced Russian tanks like the rear of the Armata, and found it was spaced to capture incoming RPG-7 round and prevent effective formation of the penetration jet based on extensive studies of which gap sizes worked best. However, the cope cages added at the last minute before the invasion didn’t follow any of the meticulous research that went into the real slat armor. The result is armor that provides some minimal protection to drone-dropped munitions, but probably won’t do squat against a Javelin, and brings with it some new drawbacks (like a high profile that makes them easier to spot, and impeding easy crew escape.

    LinkSwarm for May 27, 2022

    Friday, May 27th, 2022

    The economy is contracting (thanks Biden), attacks and counterattacks in eastern Ukraine, regulation madness, and something from the 1875 crime blotter in 2022. It’s the Friday LinkSwarm!

    Note: Today’s LinkSwarm will be a bit shorter than usual because: A.) I’m off Twitter for the time being, so I’m not grabbing links there, and B.) I took the day off from work and I’m just feeling lazy.

  • America’s Gross Domestic Product declined 1.5% in Q1. It’s that Biden magic! (Hat tip: Ace of Spades HQ.)
  • Sure, the Biden Administration sucks on basic competence when it comes to the American economy, but to balance that, they also suck on regulation.
    • The Biden Administration capped off its first full year in office with more than $201 billion in regulatory costs and 131 million hours in new annual paperwork, putting it far ahead of the two immediately preceding administrations’ respective first years by a wide margin.
    • Actions related to vehicle emissions and COVID-19 safety measures provided the vast majority of these administrative burdens.
    • Additionally, in terms of executive orders issued during the first year of an administration, the 77 put forth by President Biden represent the highest number since the Ford Administration.
  • Speaking of bad regulations and bad economic ideas, the Biden Administration has evidently learned nothing from the 2008 subprime meltdown, and the Federal Housing Finance Agency (FHFA) getting ready to loosen mortgage standards for Fannie Mae and Freddie Mac.
  • Russia’s invasion of Ukraine continues, and Russian forces seem to be making a slow, grinding advance on the strategic city of Severodonetsk in eastern Ukraine. “Moscow has poured thousands of troops into its assault on Severodonetsk and its sister city of Lysychansk. The twin cities, straddling the Siverskyi Donets river, have been in Russian sights for months. They currently comprise the lone Ukrainian redoubt in the Luhansk oblast.” Taking Lysychansk will require Russians to cross the Donets, previous attempts at which have been disasterous for them.

  • Russia has succeeded in taking Lyman, but Ukraine has launched counterattacks against the Russian forces encircling Severodonetsk.
  • More good news for Democrats: “Obamacare ‘Time Bomb’ To Hit Right Before Midterms.”
  • Texas Association of School Boards finally votes to leave National School Board Association.

    The Texas Association of School Boards is set to leave Its parent organization, the National School Board Association, according to records obtained by Texas Scorecard.

    The National School Boards Association made headlines last year following their letter to President Joe Biden and U.S. Attorney General Merrick Garland requesting federal intervention in local school board meetings and referring to concerned parents as “domestic terrorists.”

    It has since been revealed that the NSBA leadership urged the Biden Administration to deploy military forces in an effort to prevent parents from attending school board meetings.

    Since then, parents have been calling on the state organization—the Texas Association of School Boards—to leave the organization, as more than 20 states already have.

    Texas, however, had been a holdout until now.

    (Hat tip: Push Junction.)
    

  • “NBA owners silent on relationship to China, invested more than $10 billion in Chinese interests.”
  • Iran Seizes 2 Greek Tankers In Gulf As Retaliation For US Taking Oil.”
  • “Professor Fired Over Tweets Questioning BLM Movement Gets Reinstated, Awarded Back Pay After Arbitrator Finds In His Favor.” “An arbitrator has ruled that a University of Central Florida professor, Charles Negy, has to be reinstated.”
  • Speaking of intolerant Social Justice Warriors censoring people: Libs Of TikTok Suspended From Instagram. (Hat tip: Stephen Green at Instapundit.)
  • Dwight is attending the NRA convention in Houston.
  • Who’s been funding the attacks on Elon Musk following his Twitter bid? Would you believe Bill Gates? Of course you would. “Would you believe what perfidy Ernst Stavro Blofeld is up to this week?” Why yes, I would. The biggest difference is that Blofeld has better fashion sense and never tried to inflict Microsoft Bob on the world…
  • “TSMC And Intel Are In A Mad Dash To Hire Semiconductor Technicians For Their New Plants In Arizona.” And that’s not all: “Simply finding enough workers to build the facilities has already proved a challenge.”
  • Old Navy takes massive loss because women buying clothes aren’t enthused about fat models. (Hat tip: Ed Driscoll at Instapundit.)
  • I’ll take headlines from 1875 for $400: “Loving County judge arrested for cattle theft….Loving County Judge Skeet Jones is accused of livestock theft and organized criminal activity.”
  • Who wants some nightmare fuel?
  • After that, enjoy a palate cleanser:

  • Russo-Ukrainian War Video Tank Update for May 26, 2022

    Thursday, May 26th, 2022

    It’s been three months since Russia invaded Ukraine, and there’s more tank news coming out as the main theater has shifted to eastern Ukraine. Here’s a (mostly) video roundup of the news:

  • We hear a lot about Russia has 20,000 tanks (or some other crazy high number) in reserve. This guy went through satellite photos of all Russian tank storage yards and came up with an estimate of 6,000, only 3,000 of which appear as if they could be made battle ready. (A lot of the photos show hulks with their turrets off).

  • Did Russia’s First Tank Army lose 130 tanks in the Battle of Kharkiv alone?

  • Ukraine appears to have knocked out a Russian T-90M tank, the most modern Russian tank that’s actually been fielded:

    (There’s still no sign of Russia’s T-14 Armata in-theater.)

  • Update: As of this writing, Russia has lost 729 tanks in Ukraine, and a total of 4,134 “vehicles” (including helicopters, UAVs, and even towed artillery pieces) in theater.
  • Is Russia demothballing T-62s to send to Ukraine?

    Remember, the Soviets stopped manufacturing the T-62 in 1975, the same year that the Captain & Tennille and “Rhinestone Cowboy” topped the charts and The Rocky Horror Picture Show debuted in theaters…

  • Ukraine has also taken delivery of the Brimstone anti-tank missile from the UK:

  • Not a tank, but built on a T-72 chassis, is the Russian T-2 “Terminator,” which sports duel 30mm auto-cannons for close support of tanks in urban warfare.

    That does look like it would but a world of hurt on urban defensive positions, but won’t be any more immune to NATO-sourced Ukrainian antitank weapons, and they reportedly only have a handful in-theater.

  • Also not a tank: Ukrainian forces take out a thermobaric (AKA “vacuum bomb”) missile launcher:

  • Turns out that the Russian military’s catastrophic performance in Ukraine is not a great advertisement for its weapon systems, and India is canceling some big deals.

  • And in tank news related to Russia’s invasion of Ukraine, the U.S. is accelerating it’s delivery of M1A2 Abrams tanks to Poland, to back-fill for the Soviet-era tanks Poland gave to Ukraine.