I’ve had several videos cluttering up my tabs, none of which I thought worthy of doing a separate post on, so I’m going to burn all of them off here. Think of it like a sampler plate at a restaurant.
Habitual Linecrosser lays out just how much more powerful the U.S. military is than China. It’s not remotely a fair fight…
From the RNC, why Dallas Mayor Eric Johnson left the Democratic Party to join the Republicans:
“Democrats in power demonstrate they don’t care about stopping the killers or the thieves who terrorize black and brown communities. They don’t care about securing our border, and they don’t care about dangerous homeless encampments. No, the heart of today’s woke Democrat Party is with the criminals, not with their victims.”
From across the pond, why the Labour Party loathes the actual working class:
As here, lefting wing activists want to talk about global warming, gay rights and illegal alien rights, while the actual working class wants to talk about boring old things like “jobs” and “crime.” “There’s a large swath of the Labour Party who feel complete and absolute contempt for white working class people in particular.”
It’s not just the UK: How luxury beliefs are failing all across Europe:
“Only a few years ago, every academic under the sun was telling us that we were going to have a green surge in European politics, largely because most academics support the greens or radical left movements. So they were very support of what was happening. It was quite obvious that this was going to end in election disaster because the policies that many green parties have been bringing forward are not realistically anchored in the life experiences of ordinary voters.”
Also:
“At the core of all of these parties is the immigration population nexus. That is what ultimately this is all about. The more immigration the better, these parties will do that.”
How the EU is killing Europe:
Europe used to thrive on innovation because of different competing nation statues. Now a Mandarin Ming class has taken over and stiffed that. “Europe has failed to produce any significant innovation in the last 30 years.”
How a 1995 episode of Star Trek: Deep Space 9 eerily predicted the actual future of San Francisco in 2024.
Enjoy your sampler platter, and please tip your waitress…
Real inflation is running about 20%, Kamala parties like it’s 1971, the New York Times is shocked, shocked to discover Hunter Biden asking for state favors for foreign cronies, gold hits new highs, laughing at an old SNL skit is now a thoughtcrime, and an update on Intel’s woes.
The New York Times reports that the federal government is accelerating the naturalization of immigrants in America as part of a process of “reshaping the electorate, merely months before a pivotal election,” according to one observer quoted in the piece.
“The federal government is processing citizenship requests at the fastest clip in a decade, moving rapidly through a backlog that built up during the Trump administration and the coronavirus pandemic,” reports the newspaper.
One Honduran woman marveled at the fact that authorities were able to process and approve her application in as little as six months.
The story highlights how many of these new citizens will immediately become eligible to vote in key battleground states, including Georgia, Arizona, Nevada and Pennsylvania.
The piece includes a very revealing quote from Xiao Wang, chief executive of Boundless, a data analysis company.
“The surge in naturalization efficiency isn’t just about clearing backlogs; it’s potentially reshaping the electorate, merely months before a pivotal election,” said Wang.
“Every citizenship application could be a vote that decides Senate seats or even the presidency,” he added.
In other words, knowing that immigrants are far likelier to vote Democrat, the Biden administration is importing them at breakneck speed in order to tip the scales for Kamala Harris.
3.3 million immigrants have become citizens during Biden’s time in office, with data showing that more will vote Democrat than Republican.
This has partly driven the Trump campaign’s efforts to appeal more to “Jamal” and “Enrique,” and not so much “Karen,” although the strategy has caused division amongst Trump’s base.
The legacy media has consistently denounced the idea of mass migration being a deliberate ploy to increase the voter base for Democrats as part of the “great replacement” conspiracy theory, while simultaneously admitting it’s happening.
Democrats have declared that they have no confidence in the electorate and must create a new one…
Restaurant owner says that the real inflation rate is closer to 20% over six months:
The owner of four restaurants made this video when inflation was at 3.5%. Today, we’re told that inflation is at 2.9%. He looked at the prices of some products and concluded that the government’s inflation numbers don’t make sense. Since February, food prices have increased:
How does Kamala Harris plan to combat inflation? By channeling Richard Nixon from 1971 and imposing wage and price controls.
After the unoriginal Vice President Kamala Harris stole former President Trump’s proposed ‘no tax on tips’ policy, she’s at it again with yet another recycled idea. This time, she’s echoing President Biden’s actions and rhetoric to crack down on sky-high food prices by proposing the first-ever federal ban on “corporate price-gouging in the food and grocery industries”—a move that reeks of socialism.
“There’s a big difference between fair pricing in competitive markets, and excessive prices unrelated to the costs of doing business,” the Harris campaign wrote in a statement, adding, “Americans can see that difference in their grocery bills.”
The Harris campaign said the vice president will unveil the new federal proposed ban on Friday at a campaign rally in the battleground state of North Carolina as part of a broader economic policy platform. The proposal will ensure food companies can’t exploit consumers to increase profits, according to CBS News, citing Harris-Walz campaign officials.
Harris’ policy speech will also call on the Federal Trade Commission and state attorneys to examine corporations violating price-fixing rules. Her remarks are expected to echo Biden’s actions and rhetoric, especially with his war against meat processing companies that he alleges are responsible for higher burger prices at the supermarket.
VP Harris’ campaign argues that lowering Americans’ costs is a function of socialist-style price controls. Yet this is the quickest way to understand that Harris’ economic team has no actual understanding of inflation.
Heritage Foundation’s EJ Antoni explained, “Here’s your “price gouging” narrative: average costs paid by businesses have risen just as much as costs charged to consumers – if businesses are being “greedy,” they’re doing it all wrong…”
Instead of curbing out-of-control government spending, which debt rises $1 trillion every 100 days, and understanding that monetary inflation driven by the Federal Reserve’s money creation is the root cause of inflation, Harris deflects the actual problem: The Fed. She instead goes after big corporations for ‘illegal price gouging.’
Thus unable to understand the disasterous economic policies of the past are doomed to repeat it…
“Conversation Between Musk And Trump Generates Over A Billion Views.” You can see a transcript of the interview here.
In a post last month (“How The Democrats Los Silicon Valley”), I mentioned that top Silicon Valley venture capitalists Marc Andreessen and Ben Horowitz had endorsed Trump.
Ben Horowitz, in particular, seemed like an unusual Trump supporter, coming from a liberal Jewish background. Now it looks like Trump has another, thanks to his X space with Elon Musk last night: Zynga founder Mark Pincus. During the first Trump administration, Pincus opposed Trump’s “Muslim ban”, but after the leftist celebrations following October 7th last year, he seemed to have some second thoughts about that.
Despite corporate media’s unabashed u-turn to support Kamala Harris, her campaign has been busted creating made-up headlines next to the names of real news outlets to trick people into thinking they’ve stumbled upon the real thing, Axios reports.
Upon hearing the news, The Guardian lost their shit, telling Axios: “While we understand why an organization might wish to align itself with the Guardian’s trusted brand, we need to ensure it is being used appropriately and with our permission. We’ll be reaching out to Google for more information about this practice.”
The ads include links to real articles from the outlets, however the headlines and supporting text were altered.
“Democratic California State Lawmaker Switches To Republican Party…State Sen. Marie Alvarado-Gil, who represents the state’s fourth Senate district, said she joined the Senate Republican Caucus and party after deep reflection and to help ‘in their fight to fix California.'”
While Joe Biden was vice president, his son Hunter attempted to obtain State Department assistance in securing a deal for Ukrainian gas company Burisma, of which Hunter was a highly-compensated board member despite having no experience in its industry, the New York Times reported on Tuesday. The revelation of the 2016 episode underscores allegations that Hunter sought to enrich himself by trading on his father’s influence.
The Times report draws on newly-released government records pertaining to Hunter’s pushing of a Burisma deal in Italy. The Biden White House had resisted releasing the files for years, only to relent soon after Biden was pressured into abandoning his reelection bid.
One wonders how long the New York Times would have waited to report this if Biden were still seeking reelection? My guess is never.
Go figure. It’s amazing what some actual reporting — and a withdrawal from a presidential election — can shake loose, no?
Just four short years ago, we were all assured by the Protection Racket Media that the Hunter Biden laptop was Russian disinformation, and that allegations of influence-peddling by the Bidens were just political dirty tricks, right? Right? Wrong. The New York Times’ Ken Vogel reports that Hunter’s efforts to sell influence within the administration were well known during Joe Biden’s term as Vice President. It’s even about Burisma, the company that we were told paid Hunter a lot of money for his energy-industry expertise.
Oh, and the records of it got “withheld” by the Biden administration for “years,” too:
Hunter Biden sought assistance from the U.S. government for a potentially lucrative energy project in Italy while his father was vice president, according to newly released records and interviews.
The records, which the Biden administration had withheld for years, indicate that Hunter Biden wrote at least one letter to the U.S. ambassador to Italy in 2016 seeking assistance for the Ukrainian gas company Burisma, where he was a board member.
Well, we did have records in October 2020. Hunter Biden kept records of these dealings on his laptop, which he abandoned in a repair shop. When the New York Post reported on the contents of the laptop, including a number of emails that made clear he leveraged his fathers office to sell influence at Burisma and elsewhere, the media ignored it — even though one of Hunter’s partners (Tony Bobulinski) publicly authenticated the messages when asked.
Nearly four years later, the NYT gets around to the truth. And if you’re questioning the timing, you have good company, because Vogel appears to be somewhat curious about it as well:
The department’s release of documents to The New York Times came shortly after President Biden dropped out of the presidential race, and as his son prepares to stand trial next month on charges of evading taxes on millions of dollars in income from Burisma and other foreign businesses.
Go figure again! It’s as if the cover-up extended as long as Joe Biden had electoral interests to protect. Now that Biden has pulled out of the race, there’s no need to keep covering up for Biden Inc.
“California Sheriff Blasts Harris For Using His Image In “Misleading” Campaign Ad, Says He Supports Trump.” “In light of a recent political ad put out by Kamala Harris featuring Sheriff [Mike] Boudreaux, as well as other local law enforcement, the Sheriff wants to make it abundantly clear that his image is being used without his permission, and he does NOT endorse Harris for President or any other political office.”
The same Jew-haters who drove Columbia University’s president Minouche Shafik off are now coming for Kamala Harris.
Only a short week ago, Harris was heckled by pro-Palestinian, anti-Israel protesters, like those who has spilled out from college campuses after October 7. Protesters screamed out at her as she stood on stage repeating her stump speech. As they yelled, Harris tried to shame them. “I’m speaking,” she said, hearkening back to her VP debate against Mike Pence in 2020. “I’m speaking” in context means several things, including an attempt to grab control based on her identity factors: black, female. By identitarian logic, the vice president is oppressed, and by the logic of progressive discourse, that means that she gets to speak first, and that what she has to say carries all that much more weight. An event simply in favor of her candidacy was crashed in New York City on Wednesday night where agitators set off smoke bombs and held up signs saying “No Votes for Bombala’s Genocide.” 14 of them were arrested.
The agitators wanted some kind of response, some kind of indication of what Harris’ policy on Israel and Gaza might be if she gets voted into the White House. And they haven’t gotten it. Meanwhile, there are clearly massive anti-Israel events planned for the Democratic National Convention next week. While Kamala is trying to keep the euphoria going, attempting to dance and sing her way into the White House, her base will be out in the street demanding answers. Will she be lenient like Magill? Bend over backwards like Gay? Or call in a bigger force, like Shafik, because she doesn’t know how to handle it on her own?
The far left of Harris’ party hates Israel. They love Palestinians not for their culture or policies–which include anti-LGBTQ and anti-female regulations as in other strict, Muslim countries–but simply because they are “oppressed.” And Harris can’t handle them. Even at her speech, rarefied identity wasn’t enough to keep them in their place. The campus riots will likely start up again. As soon as the college-bound finish their orientations, they’ll be picking up their marching orders and protest signs to join their comrades on the quad.
There is already noise that Harris would like to throw Israel under the bus, to eradicate funding and arms shipments. The same woman that waved the flag of Ukraine in Congress as she promised to send him endless weapons and aid, may think the aid packages and arms sales to Israel go too far. Harris may sympathize with the protesters.
before his honeymoon [in Communist China in 1994], Walz launched a company called Educational Travel Adventures, which specialized in bringing American students to China. An article in the local Chinese media reported that he and his bride brought 50 students from America. The company continued to send students to China until 2003. It is important to note that operating a business in China requires all kinds of permits—both official and unofficial—from Chinese authorities at the local, provincial, and central levels. These permits were typically obtained either by paying bribes or by securing endorsements, whether tacit or open, from government officials.
Professional atheist Richard Dawkins posts that men and women are different and male boxers shouldn’t be competing with female boxers. Result: Facebook nuked his account.
So what do you do when your software problem brings a customers operations down hard? Well, if you’re Crowdstrike and the customer is Delta airlines, then you slam Delta for not recovering fast enough.
Python Development Foundation suspends developer for enjoying old “Jane, you ignorant slut” skit. I can only imagine the snowflake reactions to the Chevy Chase/Richard Pryor word association skit…
Flock of self-driving Waymo cars in San Francisco honk all night in their parking lot. As you might be able to guess, nearby residents are just thrilled at this development…
Speaking of electric cars, there’s concerning over letting them park in parking garages because of the possibility of them catching fire and the difficulty of extinguishing same.
Remember how Intel said the problem with their chips was microcode? Yeah. That may not be the case (or at least not the whole case), and it may actually be a process problem involving oxidation of vias (i.e., the connection between two metal layers).
The European Commission is threatening X owner Elon Musk with possible legal consequences for his plans to air an uncensored interview with former president Donald Trump, and calling for Musk to balance the importance of free expression with the need to suppress “harmful” content.
European Commissioner for the Internal Market Thierry Breton, one of the world’s most aggressive tech regulators, warned Musk that his planned Monday night interview with Trump could violate the Digital Services Act, or DSA, if X does not limit the spread of certain forms of online speech connected to the interview.
“As the individual entity ultimately controlling a platform with over 300 million users worldwide, of which one third [are] in the EU, that has been designated as a Very Large Online Platform, you have the legal obligation to ensure X’s compliance with EU law and in particular the DSA in the EU,” Breton wrote in a letter to Musk shared on X Monday.
“This notably means ensuring, on one hand, that freedom of expression and of information, including media freedom and pluralism, are effectively protected and, on the other hand, that all proportionate and effective mitigation measures are put in place regarding the amplification of harmful content in connection with relevant events, including live streaming, which, if unaddressed, might increase the risk profile of X and generate detrimental effects on civic discourse and public security.”
Translation: We can’t be allowing Donald Trump to commit #wrongthink we disapprove of, and as your global lords and masters, we demand the right to censor anything we disapprove of, and time, anywhere.
Breton reminded Musk of the ongoing proceedings against X related to alleged DSA violations, and the measures Musk must take to remain in compliance with the European Union’s restrictive tech regulation package.
“Therefore, we are monitoring the potential risks in the EU associated with the dissemination of content that may incite violence, hate and racism in conjunction with major political – or societal – events around the world, including debates and interviews in the context of elections,” Breton added.
Where did the EU get the idea that unelected Euroelites have a right to censor the free speech of an American President being interviewed by an American tech billionaire on that same billionaire’s free speech platform?
The Thierry Bretons of the world should be ignored, mocked and sued when their pretensions of ruling the world clash with the rights of Americans to enjoy free speech unfettered from government control, or any other situation the ambitions of global elites clash with the Constitution of the United States of America.
(BTW, if anyone at Twitter is reading this, the appeal process for Twitter is still broken and my account is still suspended.)
Update: Looks like technical problems are doing a better job of silencing Donald Trump than the EU right now…
A whole lot of Elon Musk news of note has popped up this week, so let’s dig in.
First, in the immediate aftermath of the assassination attempt against Trump, Musk endorsed Trump for President.
Elon Musk, the billionaire CEO of Tesla, publicly endorsed Donald Trump for the first time in the U.S. presidential race, calling the Republican former president “tough.”
Musk, the world’s richest person, posted the endorsement with a video of Trump with blood on his face pumping his fist after multiple shots rang out at Trump’s rally in Pennsylvania on Saturday. Trump was safe.
The posts cement Musk’s shift towards right-wing politics and hand Trump a high-profile backer in his quest to return to the White House in the Nov. 5 election.
“I fully endorse President Trump and hope for his rapid recovery,” Musk posted.
“The martyr lived,” he wrote, citing a reported debate between conservative venture capitalist Peter Thiel and LinkedIn co-founder and Democratic megadonor Reid Hoffman.
Musk later posted a photograph of Trump at the event, followed by: “Last time America had a candidate this tough was Theodore Roosevelt.”
It IS true that Twitter’s current version violates the Digital Services Act, arguably, because the Digital Services Act is nothing but a censorship regime intended to shut down any speech that doesn’t parrot exactly what the Davos Elites want out there. That isn’t even an exaggeration; that is what it is intended to do.
If George Orwell wanted to write a law to make 2024 look like 1984, the DSA would be a great first start. It is, I say unironically, evil.
Elon clearly wants this fight, and he took his first shot back at the E.U. by revealing that they offered him and the other social media platforms a deal: comply with our censorship demands and we will help you deceive your users. He accuses the other social media platforms of taking the deal, and I believe him. Nobody is taking any shots at them because they have knuckled under.
The European Union isn’t just doing it for their own Elites–they are collaborating with US policymakers, the intelligence “community,” the MSM, and the censorship industrial complex to do their dirty work because there are limits placed on what government can do due to the First Amendment.
Billionaire Elon Musk said he is moving the headquarters of X and SpaceX out of California after governor Gavin Newsom signed a bill barring school districts from requiring teachers to notify parents if a child changes their gender identity.
“This is the final straw,” Musk said in a social-media post Tuesday afternoon. “Because of this law and the many others that preceded it, attacking both families and companies, SpaceX will now move its HQ from Hawthorne, California, to Starbase, Texas.”
Musk said he previously told the California governor a new law like this one would “force families and companies to leave California to protect their children.” Tesla moved its headquarters out of California to Austin, Texas in 2021.
California is the first state to pass such a law, and conservative groups have said they plan to challenge it in court. Ongoing litigation may complicate those efforts. A San Bernardino County judge already blocked one school district’s parental notification policy after the state’s attorney general sued last year.
The California Policy Center, a conservative think tank in the Golden State, said the new law “opens the door to child exploitation.”
“Gov. Newsom has okayed a bill that was based on the flawed logic that parents are dangerous and not to be trusted, and that the state or strangers are better positioned to deal with the difficulties of adolescence than parents,” said Lance Christensen, vice president of education policy and government affairs. “Hundreds of millions of dollars in settlements with victims of sex assault by public school employees is evidence that the opposite is too often true.”
Musk is reportedly moving Twitter/X headquarters to Austin. If so, I happen to know a Senior Technical Writer who is currently between jobs…
So Emmanuel Macron took a look at EU election results and went “OK, I’ll throw snap elections in France to scare you away from voting for Le Pen.” French voters: “Challenge accepted.”
France’s right-wing National Rally is expected to emerge as the single largest party in the first round of the parliamentary election. National Rally led by its new leader, 28-year-old Jordan Bardella, will secure nearly 34 percent of the vote, followed by the newly formed alliance of leftist and Marxist parties, the New Popular Front, which secured 28.5 percent, polls released after Sunday vote show.
“According to an estimate by French polling institute Ipsos Talan, the far-right National Rally party is estimated to win between 230 and 280 seats in the 577-seat National Assembly,” the TV channel France24 reported.
This is few seats short of the 289-mark needed to form the government in the 577-seat National Assembly parliament. National Assembly’s possible post-election coalition partner, the conservative Republicans, is set to get between 41-61 seats with 10 percent of the vote share, early polls indicate.
The French news agency AFP, however, reported National Rally gaining majority in the first round of the vote. “The polling agencies projected this would give the RN a majority of seats in the 577-seat National Assembly after the second round and a possible absolute majority,” the news agency reported.
Leftists and Islamists reacted to the news by doing what they do best: rioting.
The streets of Paris became a war zone overnight Sunday as tens of thousands of left-wing rioters took to the streets in fiery opposition to the historic election victory by the country’s right-wing National Rally (NR).
Rioters smashed storefront windows, vandalized monuments and set massive bonfires in public squares after the election results revealed the party, headed by nationalist Marine Le Pen, took 33% of the vote in the decisive first round of France’s legislative elections.
Naturally, the French left are fighting “Fascism” by unleashing violence upon their political enemies.
An increasing number of Europeans have at last understood that the large-scale presence of Muslims in their countries now threatens to undermine the civilization of Judeo-Christian Europe, and has already resulted in a situation that is far more unpleasant, expensive, and physically dangerous for Europe’s non-Muslims, than would be the case without that large-scale Muslim presence. And the rise of right-wing populism reflects the widespread alarm over the power waged by European political and media elites, who largely oppose restrictions on Muslim immigration. The EU is run by people who are not loyal to the ideal of the nation-state. They are international bureaucrats, able through the supra-national European Union, to impose minimum immigration quotas on its member states. This has led to much unhappiness in those states, some of which — like Hungary— are simply refusing to comply.
For all the endless cries of “Far right, far right!” in the mainstream media, National Rally’s positions on not only immigration, but ecoskepticism and Euroskepticism seems to be shared by the majority of French, and indeed by European voters as a whole. It is only their globalist leaders who disagree.
Some readers may be wondering what a National Rally victory will mean for NATO, as well as Ukraine’s continued resistance to Russia’s illegal war of territorial aggression. Well the dark pinks at the World Socialist Web Site have their commie knickers in a knot because Marine Le Pen supports both. “France’s neo-fascist National Rally (Rassemblement National-RN) is aligning itself with NATO’s war escalation against nuclear-armed Russia. It is abandoning its ambiguous tactical criticisms of Macron’s military policies and its campaign promise to withdraw France from NATO.”
All good news in my book.
The National Front under Le Pen père had a lot of worrying antisemitic and anti-American baggage. Under Le Pen fille and Bardella, it seems to have jetisoned most of that baggage, and resembles other Euroskeptic parties across the EU.
Greetings, and welcome to a LinkSwarm so large I had to start working on it Wednesday! Unemployment rises too much to rig it away, home sales crash to Carter levels, Europe’s voters rise up to throw out the left, Hunter is guilty guilty guilty, another blow to the Biden Administration’s tranny Title IX rewrite, Israel rescues some hostages and smokes a Hezbolli terror master, and California continues to do California things.
Every so-called “strong” jobs report has been a disaster if one puts in even a little work to dig below the pristine, if fake, surface. And while we expected this charade to continue indefinitely, and certainly at least until the November election, at which point suddenly all the truth about the ugly labor market would be revealed to usher in the new president amid an economic crisis, we were shocked when none other than the Fed chair admitted today that the Biden admin was rigging jobs data.
In response to a question from a Bloomberg journalist during the post-FOMC presser, asking the Fed chair to comment on the state of the labor market, the Fed Chair said that two years ago the labor market was “overheated” and has since gotten back to “normal”, largely thanks to “supply from to immigration” – translation: illegal aliens have been the main reasons for the increase in employment and the drop in wages and thus, overall inflation, which as we discussed recently, is the narrative that is being pushed out to mitigate demands by most Americans to halt illegal immigration.
Where things got very interesting, however, is when Powell was discussing the demand-side of the labor market: here, he addressed the dropping quits level, the decline in job openings and wages, but more importantly, the rising unemployment rate – from 3.4% to 4.0% which clearly goes against the narrative of red hot payrolls – all of which the Fed chair summarized as strong job creation, yet caveated by saying that “there is an argument that [payrolls] may be a bit overstated.”
Note: he didn’t say “understated” because the “-stating” always goes in just one direction: the one that makes the resident of the White House look good.
In other words, the jobs – like so many things about this Potemkin economy – are a lie, and while Powell immediately realized what he had said, and tried to couch it by adding that payrolls are “still strong”, suddenly the entire narrative of a strong labor market imploded in front of our eyes, because if the Biden admin will lie about a “bit” of the jobs report, it will lie about any part of it.
And, as we have shown above and every month this year, lie is precisely what the Biden administration has been doing, month after month, year after year.
And the biggest stunner, as Edward Snowden put it so eloquently, is that he’s “not sure I’ve ever seen the chairman of the Federal Reserve publicly accuse the White House of cooking the books on employment numbers, but here we are.”
Speaking of which: “Initial Claims Surge To 10-Month Highs As California Joblessness Soars.” “Did we suddenly get a peek at economic reality? The number of Americans applying for jobless benefits for the first time surged last week to 242k (up from 229k and well above the 225k exp). That is the highest since August 2023.” And California, which just happened to implement a minimum wage hike, led far and away with the most claims…
Home sales have dropped so far during the Biden Recession that they’re now back to 1978 levels.
The recession in the U.S. existing home sales market has been so deep that we’re back to late ‘70s levels—despite us now living in a much bigger country:
April 1978: 4.09 million U.S. existing home sales print
April 2024: 4.14 million U.S. existing home sales print*
1978: 223 million U.S. population
2024: 341 million U.S. population
The reason, of course, is that housing affordability has deteriorated so much that many buyers and sellers alike have pulled back from the market. Many homeowners who would otherwise like to sell and buy something else are staying put rather than trading in their 3% mortgage rate for a 7% mortgage rate.
The bad news?
According to a forecast published this week by Goldman Sachs, the recovery for existing home sales could be a slog.
1978: Jimmy Carter was still President, the Bee Gees dominated the music charts thanks to Saturday Night Fever, and a brand new comic strip about a lasagna-loving cat named Garfield debuted. And the average price of a home was somewhere around $56,000. (Yet, somehow, home sales were still stronger during the 1981-82 interest rate hikes than under Carter in 1978…)
A jury of Hunter Biden’s peers found him guilty on all three felony charges on Tuesday after a six-day trial that demonstrated that the first son lied on a federal gun-purchase background-check form when he claimed not to be a drug addict.
The verdict was reached after the jury deliberated for three hours, beginning Monday afternoon with the conclusion of closing arguments. Hunter was surrounded by family members, including wife Melissa Cohen Biden and his uncle James Biden, as the verdict was read. First lady Jill Biden missed the verdict announcement and rushed to greet Hunter afterward.
Hunter was found guilty on two charges for lying about his crack-cocaine addiction on federal gun paperwork when he bought a Colt Cobra revolver at a sporting-goods store in Wilmington in October 2018. He was also found guilty on a third charge for possessing the firearm while he was using crack cocaine.
The first son faces up to 25 years in prison, though he’ll likely receive a lighter sentence as a first-time, nonviolent offender. Judge Noreika, who presided over the trial, said that a sentencing hearing will be held in September.
Though Hunter Biden still has a pending tax trial, don’t hold your breath about him going to trial for his role as the Biden crime family’s bagman…
I’ve pointed out time and again (including yesterday) that Biden Justice Department AG Merrick Garland’s “special counsel” appointment of Biden Justice Department Delaware U.S. Attorney David Weiss in the Hunter Biden case is a fraud on the public.
In a pretrial ruling denying the younger Biden’s motion to dismiss the case, Judge Maryellen Noreika has confirmed that Garland’s appointment of Weiss did not comply with federal regulations for appointing special counsels. That, however, was not a basis to dismiss the case — particularly with Garland and Weiss quietly citing the last special-counsel regulation, §600.10 (of Title 28, Code of Federal Regulations), which provides that no one may hold the Justice Department accountable for flouting its own regulations.
To be clear, I have never contended that Garland lacked the authority to assign Weiss, or whoever he wanted to assign, to investigate the Biden case. As Judge Noreika correctly explained, federal statutory law — in particular, §§509, 510, 515, and 533 — vest attorneys general with sweeping power to run the Justice Department as they see fit, including power to designate any DOJ lawyers they choose to run investigations anywhere in the country.
Weiss, for example, is now prosecuting Hunter Biden in Los Angeles, on the tax case scheduled to begin trial on September 5, in addition to the gun case in Weiss’s own Delaware district. That’s because Garland doubled-down in assigning the investigation of the president’s son to the same prosecutor — Weiss — who had just schemed with defense lawyers on a failed sweetheart plea deal that was designed to make all conceivable cases against said son disappear (and only after Weiss had consciously dithered as the statute of limitations steadily eviscerated serious criminal offenses).
Garland is the attorney general, and he has that power. It is power he wields with no fear that Congress will slash the DOJ’s budget, censure him, impeach him, or do anything else but caterwaul over how he abuses it. My point is that Garland has been engaged in a nearly four-year fraud — trying to con the country into believing the Justice Department is neither protecting its boss nor trying, to the extent politically feasible, to protect the president’s son.
The AG refused to appoint a special counsel for the Biden investigation, despite the president’s (and other Biden family members’) being implicated in Hunter’s malfeasance, particularly crimes arising out of his peddling of his father’s political influence for huge pay days from agents of corrupt and anti-American regimes.
Europe’s ruling center left just got smashed in European elections.
Early projections of the EU-election results show that the continent’s right-wing parties have made significant advances as voters signal their dissatisfaction with illegal immigration and inflation. Formerly powerful left-wing parties seem to have been routed, while centrists stayed the course.
This antiestablishment sentiment was expressed most strongly in Germany and France, two of the European bloc’s most powerful countries.
The French results prompted President Emmanuel Macron to dissolve the French parliament in preparation for snap elections on June 30 and July 7, as his party lost badly to Marine Le Pen’s National Rally, which is part of the Identity and Democracy coalition in the European Parliament.
Before crowds in Paris, Le Pen responded to Macron’s announcement: “This historic vote shows that when people vote, people win. . . . We are ready to exercise power, to end mass migration, to prioritize purchasing power, ready to make France live again.”
In Germany, Chancellor Olaf Scholz and his Social Democrats were trounced by a combination of support for the right-wing CDU/CSU and Alternative for Germany (AfD). The left-wing Social Democratic Party (14.6 percent) and the Greens (12 percent) underperformed. Katarina Barley, speaking for the Social Democrats, called it “a bitter evening.” “I am very disappointed.” The AfD, having won 14 percent as of this reporting, is intent on carrying its EU wins to the national elections in October 2025.
Italian prime minister Giorgia Meloni was the only leader of a European power to see success, with the right-wing politician’s allied faction, European Conservatives and Reformists, placing first in Italy.
In Spain, the conservative People’s Party took 34.2 percent of the vote, a rejection of socialist prime minister Pedro Sánchez and his Socialist Workers’ Party, which received 30.2 percent. Two other right-wing parties, Vox and Se Acabó La Fiesta (The Party’s Over), received another 14.2 percent between them.
The Greens ceded more ground than any other party in the EU, losing more than a quarter of their seats.
For decades, the ruling Euroelite have insisted that there is no alternative to their high tax, high spending, high debt, high regulation, high immigration, environmental leftist EU superstate. Voters seem to have finally grown tired enough of it that they’re willing to embrace Marine Le Pen if that’s what it takes to make their voices heard.
In his opinion, Thomas wrote that, though a bump stock does increase a rifle’s rate of fire, it does not turn it into an automatic weapon.
“A bump stock does not convert a semiautomatic rifle into a machinegun any more than a shooter with a lightning-fast trigger finger does,” Thomas wrote. “Even with a bump stock, a semiautomatic rifle will only fire one shot for every ‘function of the trigger.’”
Justice Samuel Alito wrote in his concurrence that, while the ATF’s interpretation of the Firearm Owners’ Protection Act was an incorrect reading of the statute, there are legislative remedies for the issue of bump stocks.
“The horrible shooting spree in Las Vegas in 2017 did not change the statutory text or its meaning,” Alito wrote. “That event demonstrated that a semiautomatic rifle with a bump stock can have the same lethal effect as a machinegun, and it thus strengthened the case for amending §5845(b). But an event that highlights the need to amend a law does not itself change the law’s meaning.”
“The Lies and Fall of Ibram X. Kendi.” “This man gave America the simplest, most easily applicable binary solution to all of our racial problems. It didn’t matter that it was stupid, at least not from the perspective of his personal enrichment. For a while, it sold…What we lived through in 2020, during the Floyd meltdown and its aftermath, was a onetime necrotic bloom during which the first carrion-feeders on the scene were able to fatten themselves up to spectacular proportions on the collapsed body of American progressive racial and political angst.”
The US has broadened its sanctions on Russia, including a fresh crackdown on banks dealing with sanctioned entities.
It expands a December programme to target foreign banks deemed to be aiding Russia’s war effort in Ukraine.
The US also placed sanctions on the Moscow stock exchange, leading to it halting trading in dollars and euros.
It also moved to try to restrict Russia’s use of technology, including chips and software.
US President Joe Biden signed an executive order in December that imposed sanctions on banks dealing with about 1,200 individuals and companies deemed to be helping Russia’s war machine.
Those measures, which expose banks to the risk of being cut off from the US financial system, have now been expanded to about 4,500 entities.
The US will also target gold-laundering.
Peter Harrell, a former White House senior director for international economics, told the Reuters news agency that the US “is shifting towards something that begins to look like an effort to set up a global financial embargo on Russia”.
As part of this effort, the US Treasury announced that it would impose sanctions on parts of Russia’s financial system, including the Moscow Exchange, which is one of Russia’s main stock exchanges.
The stock exchange, which is Russia’s largest foreign exchange market, said the sanctions had forced it to stop trading in dollars and euros.
The US also focused on technology. Chips and other technology made in the US have been found in downed Russian equipment on Ukraine battlefields, including drones, radios, missiles and armoured vehicles.
The sanctions aim to make it more difficult for companies to supply that tech.
The US will target shell firms in Hong Kong selling chips to Russia.
There are YouTubers saying “Russian economy is crippled” etc., but I remain skeptical. The chips going into Russian drones aren’t anything special, they’re COTS stuff and EPROMs you can get almost anywhere.
“Israeli Military Rescues Four Hostages from Gaza.” Naturally this is good news for decent human beings everywhere and a tragedy for the radical left.
“Lebanon: Israeli Airstrike Kills One Of Hezbollah’s Most Senior Terror Commanders. The Israel Defense Forces (IDF) on Tuesday night eliminated one of Hezbollah’s senior-most terror commanders operating in Lebanon. Sami Taleb Abdullah, who headed Hezbollah’s Nasr terrorist force, and three other Hezbollah commanders were killed in an Israeli airstrikes on a terrorist base located in southern Lebanon.” Good. Remember how commentators have repeatedly opined on the possibility of Hezbollah opening up a “second front” while Israel settles Hamas’ hash? They seem to have done very little but the usual pinprick terror attacks. With all the terror money Iran is sloshing around to Hamas and the Houthi’s, one wonders if they’re stretched to thin to send much Hezbollah’s way…
Western District of Louisiana Chief Judge Terry Doughty in an order Thursday declared that Title IX, a federal education law that bars sex-based discrimination, “was written and intended to protect biological women from discrimination.”
“Such purpose makes it difficult to sincerely argue that, at the time of enactment, ‘discrimination on the basis of sex’ included gender identity, sex stereotypes, sexual orientation, or sex characteristics,” Doughty, a Trump appointee, wrote. “Enacting the changes in the Final Rule would subvert the original purpose of Title IX.”
Of course the U.S. Women’s basketball has left Caitlyn Clark off the team. Because we all know queer identity trumps winning a medal for your country…
On the upside, also not competing: “Lia” Thomas. Turns out the Olympics don’t want men competing in women’s swimming. Who could have possibly seen that coming?
“In Hindsight Fans Realize They Were Too Quick To Call The Holiday Special The Worst Star Wars Project Ever…After watching the latest Disney Star Wars offering The Acolyte, however, many fans admit they might have been too harsh to call the holiday show the worst thing to come out of the franchise.”
Farmers blockaded Paris to protest the impossible mandates being handed down to them by both Paris and the EU in the name of fighting “global warming.”
“Farmers are laying siege to Paris, as they put it, at eight points around the capital. And they say they won’t budge until the government gives them more concessions.”
“We need one of our French celebrities to do the same thing as Jeremy Clarkson.”
He said Clarkson “exposed the red tape in relation to the environment. Everything he explained, we’re going through in France.”
“It’s about bureaucracy, it’s about the European Union.”
He says farmers in the UK are still waiting for promised post-Brexit support.
“Everything in relations to environmental requirements is exactly the same in France, maybe even worse.”
“We are fed up with the admin, which is excessive in our country with regards to our work, the red tape that France adds in addition to the EU requirements.”
The farmer interviewed says they (i.e. FNSEA, the largest French farming union) have a list of 140 demands. Try as I might, I can’t find a list of those demands, in English or even French. This seems to hit on key grievances, but there’s a fair amount of highfalutin generalities in the English translation. This seems to be a key point: “In Europe, the very philosophy of the Green deal which assumes degrowth needs to be reviewed to restore visibility to farmers.”
If previous demands from other Eurostrikers are any guide, the demands are probably a mix of good (stop with the green insanity, lower taxes and eliminate red tape) and bad (more subsidies).
The French farmers said President Emmanuel Macron’s government now needed to act fast on its pledges, which have included scrapping plans to raise tax contributions on tractor diesel, an easing of pesticide regulations, a pause on new fallow land rules, and more safety checks on food imports.
If you had told some one five years ago that “French farmers will be hailing Jeremy Clarkson as a hero,” no one would have believed you…
Far-right leader Marine Le Pen has claimed “an ideological victory” as Emmanuel Macron’s government reached a compromise with hardline conservatives on a beleaguered immigration bill.
The French president’s centrist coalition moved towards introducing a much tougher immigration bill than initially planned on Tuesday, with the government agreeing to harden the access to state benefits for recently-arrived immigrants. The proposals echo some of the far right’s long-time obsessions, including the ideas of Jean-Marie Le Pen, the founder of the National Rally party, who campaigned in favor of a “national preference,” which meant excluding foreigners from state benefits and council housing.
Funny how “France for the French” is a “far right obsession.”
What welfare state benefits should illegal aliens receive upon moving to a country? How about nothing? Does nothing work for you? They should receive food and water only for the short period of time it takes to deport them back to their country of origin.
Even legal immigrants should be ineligible for welfare benefits upon first arriving. Let them work a specified number of years before providing access to the welfare state.
While the proposals put forward by Macron’s Renaissance party do not go that far, the National Rally has been jubilant over the government’s decision to take what they claim is a step in their direction.
“Under pressure from National Rally voters, this bill will harden the conditions surrounding immigration,” Le Pen told reporters at the National Assembly. “We can salute ideological progress, an ideological victory of the National Rally, because it will now be etched in legislation that there is a national priority,” she said, adding that her MPs would vote for the compromise legislation.
After a shock defeat of Macron’s flagship immigration bill last week, when it was dismissed by the National Assembly without a debate, the government has tasked a joint committee of senators and MPs with finding a compromise. But the government needs the support of the conservative Les Républicains party, which has become very hardline on immigration, to get their draft legislation through parliament.
“Very hardline” is a codeword for “actually agrees with French voters.”
On Tuesday, the joint committee reached a compromise on a draft that is much more hardline than the one initially tabled by the government. It includes a compulsory five year wait for non-European immigrants who don’t have a job before claiming housing and child benefits.
Good.
All across Europe, Euroskeptic parties fighting against allowing illegal unassimilated Muslim immigration are ascendant over traditional leftwing Euroestablishment parties. The EU elites insistence on pushing Muslim immigration on resisting populations have pushed Le Pen, long regarded as “unacceptable,” to the center of political consensus in France, at least on this issue, which is increasingly one of utmost importance to voters.
It elite decree that valid issues are off the table for reputable politicians to discuss, then voters will turn to “disreputable” politicians to make their voices heard.
It’s hard to report on Houthi rebels telling U.S. armed forces to “bring it on” and keep a straight face. It’s like Steve Urkel declaring he’s going to kick Mike Tyson’s ass, or Bambi vs. Godzilla.
I mean, their video features a Northrup F-5, a plane introduced to service in 1964 and last manufactured in 1987. It would be very, very unlikely to defeat an F-15, much less an F-35, which would probably splash it from 50 miles away with an AIM-120 and be back in time for breakfast.
I’m a bottomless well of Skiffy pop culture references.
And the rest of their air force (or what little of it survives after Saudi air strikes) is old (and probably ill-maintained) Soviet crap of the type that got smoked by F-15s during Desert Storm more than 30 years ago.
Beyond that, the Houthis probably only have the shitty drones Iran sells to Russia, and the even shittier rockets they give to Hamas, and neither of those will get the job done, either.
So: Yeah.
So instead of the laughable idea of direct Houthi-U.S. military confrontation, let’s turn to Peter Zeihan (yeah, him again) to talk about who the biggest losers are in the Houthi attacks on Red Sea shipping. (Hint: It’s not the U.S., or Israel.)
“Militants in Yemen are launching a combination of low-grade ballistic missiles and drones at commercial shipping in the Red Sea. And that’s led the 10 major shipping companies of the world to basically suspend operations in that area, and either tell their ships to wait [until] the threat passes, or simply sail around the Red Sea completely, which means going all the way around Africa for the Asia-Europe run.”
“Here we have basically a bunch of drug-adled militants, some of the world’s least competent ones, operating from some of the world’s least valuable land in Yemen, probably at the instigation of the Iranians who are their primary supporter, because this is a little conflict that is a needle in the side of Saudi Arabia cost them very little.”
“This is is not a formal shutting down of trade, this is more of a heavy annoyance.”
It’s not the danger of being sunk deterring traffic, it’s the dangerous of losing insurance for going into a zone of conflict.
Who’s hurt worst by all this? First, China. “Roughly 30% of all global containerized traffic [goes through Suez], and the biggest single chunk of that is Chinese exports to the European Union…it increases the sailing distance by 1/3rd to 2/3rds, and that means you need 1/3rd to 2/3rd more container ships to maintain the same flows. So we’re going to see a lot of pinches in the supply chains for finished goods.”
“In an environment where consumption is basically seized up in China and all they have left are exports, it’s also going to make it a little bit easier for the Europeans to put trade sanctions on the Chinese for product dumping.”
The Saudis might find it a bit more difficult to ship crude to Europe, but there are some ways around that.
Then there’s Russia: “Because of a lack of infrastructure, Russian crude had to be exported through the same port points on the Black and Baltic Sea, but it had to be then shipped through the Mediterranean through Suez through the Red Sea across the Arabian Sea to India, southeast Asia and China.”
“Well, that is barely an economically viable route now, which is one of the reasons why the Russians are typically selling their crude at a $20 to a $30 a barrel discount. But if Suez is closed, then they can no longer send these small tankers through it, and these small tankers don’t have the reach to go all the way around Africa.” I find the last assertion dubious, as they are surely ports in Africa they can resupply and refuel at, especially since I don’t think any countries in Africa have signed up for sanctions against Russia.
“So you’re looking at something like 1.5 to 2 million barrels a day of Russian crude that might finally actually be stranded if this isn’t solved pretty quickly now.”
Russian insurance update: “You have some Russian players, some Indian players, and some Chinese players who have started started to offer indemnification insurance. So we might get this really colorful situation where the real shipping companies stop using Suez and the Red Sea, but these shadow companies that have never had to pay out start using it and then we get to find out what happens if an Iranian-backed militant Force hits a Chinese Indian or Russian ship.” Good times, good time…
I also have to wonder if there are mercenaries Ukraine could hire to carry out letters of marquis and reprisal on Russian ships…
When Giorgia Meloni of the conservative Brothers of Italy was elected head of Italy’s coalition government, there was much wailing and gnashing of teeth from the usual Eurolefty sorts and their media cheering corner about how radical, populist, etc. etc. she was. Plus the usual accusations of fascism, due Brothers of Italy having a bit of that DNA from one of the party’s it joined with being the successor party to the successor party of Il Duce. (It’s Italy. You can’t really tell all the twists and turns of party lineage without a dense color-coded flow chart.)
Wait, you can’t tell it with one, either.
But Meloni has generally governed as a fairly stand-issue slightly rightist leader by European standards. But recently she’s been saying and doing things that show she has a bit more starch than the usual Euroweenie leader.
Italy will pull out of China’s flagship Belt and Road Initiative (BRI), the government has confirmed.
Prime Minister Giorgia Meloni’s administration notified Beijing that it would cease participating in the BRI ahead of a deadline at the year’s end.
Italy was the only major Western nation to sign up to the BRI, one of China’s most ambitious trade and infrastructure projects, in 2019.
The move was heavily criticised by the US and others at the time.
Launched by Chinese President Xi Jinping in 2013, the BRI aims to invest an estimated $1tn (£794bn; €925bn) across Asia and Europe. Projects including new and upgraded railways and ports aim to connect China with Europe and other parts of Asia.
Snip.
Only a fraction of the up to €20bn worth of investment in Italy promised by Mr Xi in 2019 has materialised.
Italian exports to China were worth €16.4bn last year, compared to €13bn in 2019.
By contrast, Chinese exports to Italy rose to €57.5bn from €31.7bn over the same period.
The bill benefited China a lot more than Italy. Indeed, Chinese investment in Italy actually dropped after signing the Belt and Road agreement, from $650 million in 2019 to just $33 million in 2021. (I suspect Flu Manchu had a lot to do with that, but, well, that was China’s fault too.)
Giorgia Meloni said, “In Europe there is a very Islamization process distant from the values of our civilization!”
Italy’s prime minister Giorgia Meloni scoffed at Islamic culture and said that there is no place for it in Europe. “I believe that there is a problem of compatibility between Islamic culture and the values and rights of our civilization,” she said.
The premier added, “The Islamic cultural centers in Italy are financed by Saudi Arabia where Sharia is in force. In Europe there is a very Islamization process distant from the values of our civilization!
The comments come after the Italian prime minister hosted a political festival organised by her far-right party- the Brothers of Italy- in Rome which was attended by British prime minister Rishi Sunak. In his speech, Rishi Sunak said that he would push for global reforms to the asylum system while warning that the threat of growing number of refugees could “overwhelm” parts of Europe.
A whole lot of people in Europe are thinking the same thing, but few have stated it as bluntly as Meloni, and virtually none among EU country Prime Ministers. (Though Hungary’s Viktor Orban has come closest.)
Despite the Russo-Ukrainian War and the growing recession, unlimited Islamic immigration into traditionally Christian European countries is the hot-button topic European elites have been desperate to avoid talking about, and the one in which governing elite groupthink seems farthest away from the actual will of the people.
Expect it to continue to be a hot topic as long as European leaders continue to ignore the consensus among citizens of EU nations that they don’t want Muslim illegal aliens coming to their country.
