The largest used car/car repair chain in Japan collapsed last month over fraud. And not just fraud, but an amazing panoply of varigated fraud.
After the founder hired his son to run things (big red flag), Bigmotor started earning record profits and rapidly expanded across Japan. Turns out the growth came not only through fraud, but particularly naked and egregious fraud.
They would damage customers tires, and then tell them they needed four new ones. And a trainee captured fraud instructions on video. They even had quotas for how much they had to git out of everyone who came in for a repair.
But why just rip off customers when you can also ripoff the insurance company? “When the customer had insurance, Big Motor always milked the job for as much as they could. They knew the most expensive things to damage to jack up the bill.” They made damage worse, used tricks to make claim photos look worse, and even bashed car panels with socks full of golf balls.
Alerted to the fraud, they let Bigmotor investigate themselves.
Another reason insurance companies didn’t rock the boat: Bigmotor was once of the biggest sellers of car insurance in Japan. And Sompo Japan, one of the big three, was one of the biggest stockholders in Bigmotor.
Everywhere a tree along a public road blocked a Bigmotor sign, they poisoned the tree.
They also treated their employees like shit, setting impossible quotas and threatening to fire employees who didn’t buy a used car.
All of it finally caught up with them. “61 workers, or nearly 60% of 104 surveyed employees, said they had been ordered by their supervisors to pad car repair charges to receive bigger insurance payouts…Bigmotor has so far found 1,275 cases of such fraudulent practices and that ¥6.62 million in insurance benefits for 177 of the cases have been repaid, the company said.” The heads at Bigmotor (and his crooked son) resigned, and the head of Sompo Japan stepped down as well.
It used to be that this sort of institutional corporate fraud was all but unthinkable in Japan. But recently several high profile fraud cases have hit companies like Olympus, Nissan and Kobe Steel.
Still, those involved various accounting shenanigans rather gross fraud against customers. I would expect some prison sentences at Bigmotor are in order…
I didn’t intend to do an all “China is Screwed” video roundup weekend, but the videos keep stacking up and I need to post some rather than producing a giant unwieldy post with hours of footage.
First up: Young people’s whose job prospects and futures are so dim that they’re actually living in concrete pipes.
Takeaways:
Certainly America has no shortage of transients living rough, but in contrast to ragged drug addicts, alcoholics and dangerous lunatics, the people living in these pipes look to be normal, healthy 20-something Chinese.
Just because you’re living in a concrete pipe doesn’t mean you can’t be a live-streamer. Like the under-the-bridge streamers seen in previous videos, you wonder how widespread this behavior is, or whether we’re just seeing the edge of the freak show.
“Despite the female hosts not being beautiful and the male hosts not handsome, it doesn’t affect viewership.” I do rather want to check their numbers, here.
“This is because it’s happening in the industrial city known as the world’s factory – Dongguan in Guangzhou.” It’s on the Pearl River Delta near Guangzhou and Hong Kong. “After more than thirty years of China’s reform and opening up, Dongguan, which has always been at the forefront of economic development, has recently seen a wave of business closures and foreign capital relocation.” See also: all those previousChina is screwed videos.
“When foreign capital withdraws, thousands of Chinese workers lose their jobs. Among these people, some have worked in factories for decades and are now middle-aged. It’s overwhelming to be suddenly faced with unemployment and consequential cost-of-living pressures, coupled with labor competition against millions of university graduates.” I’m sure that sucks, just like getting laid off here sucks. But in a capitalist economy, even a flawed one like we have, is always going to be more flexible about creating jobs that one ruled by a communist party’s aristocracy of pull.
“Those who are single simply adapt to homelessness, creating their own personal space amongst the concrete pipes.” Or, you could have, you know, lived modestly, saved money, and shared housing with other people. The fact they haven’t gone this route and are instead living in pipes suggests something in the Chinese economy is even more broken than we think.
Foreign companies like Microsoft and Nokia are now moving to Vietnam and India. “Japanese companies like Panasonic, Daikin, Sharp, and TDK are planning to move their manufacturing bases back to Japan. Well-known companies like Uniqlo, Nike, Funai Electric, Samsung, and others are also accelerating their withdrawal from China.”
Like industry is also fleeing from elsewhere in China.
“The once bustling Bund in Shanghai is now overgrown with weeds due to lack of maintenance and tourism, presenting a scene of desolation. Everywhere in Shanghai’s luxury residential communities, there are messages about subleasing and selling at a loss. The elites, celebrities, and tycoons left Shanghai at the first chance they got after the lifting of the lockdown. The political uncertainty in China and the frequent changes in regulatory clauses by the authorities have made entrepreneurs miserable.” Communists making entrepreneurs miserable? This is my shocked face.
“Domestic entrepreneurs are reluctant to invest further, and foreign investors are hastening their departure.”
Various Chinese company specific layoffs and financial difficulties snipped.
“Wall Street leading figures, after enjoying three years of benefits from the broad opening of China’s financial market, are planning large-scale cuts to projects and staff in China…Goldman Sachs has lowered its five-year plan expectations, and Morgan Stanley has decided not to set up a securities dealer in China, reducing its derivative and futures business investment to $150 million. JPMorgan Chase & Co. began cutting its dedicated staff in China earlier this year.” There’s not a violin small enough.
In a capitalist economy, there would be some sort of middle ground between the empty ghost cities and people living in pipes near megalopolises. If you don’t regulate the economy so heavily as to make building housing impossible (I’m looking at you, California and NYC), then profit will drive developers to create housing to fill a market need. With China’s crazy misallocation of loans to unprofitable housing to satisfy regional government growth targets, supply has been so severed from demand that such market-making is impossible.
China is going to come out of it’s decades-long growth spurt with crumbling cities and people that mostly are still poor.
Sunday and Monday this week, I gathered up all my dead branches from the ice storm along the curb in advance of Tuesday’s announced neighborhood-wide branch pickup. I know it’s going to take some time, but it’s Friday and I see no signs that brush has been cleared from anyone’s curbs…
He said ESG poses a threat to the American Economy and individual economic freedom, he further said it’s an attempt for corporate’s elite to discriminate against those who do follow a particular “ideological agenda.” His proposal will outlaw this.
“By applying arbitrary ESG financial metrics that serve no one except the companies that created them, elites are circumventing the ballot box to implement a radical ideological agenda. Through this legislation, we will protect the investments of Floridians and the ability of Floridians to participate in the economy,” DeSantis said, at the news conference.
Heh. “Federal District Court Judge Orders Illinois to Show Examples of Every Newly-Banned Firearm.” (Hat tip: Instapundit.)
Maybe they should spend more time on schools instead. “Not A Single Student Can Do Math At Grade Level In 53 Illinois Schools.”
“Judy Monro-Leighton, one of three women who accused now-Justice Brett Kavanaugh of sexual assault, was found to have lied during a congressional investigation and is now being charged with making materially false statements and obstruction.”
Nicaragua’s scumbag commie government sentences Roman Catholic bishop Roland Alvarez to 26 years in prison for “treason” for daring to stand up for Catholics and refusing to be exiled.
What began as a trickle is now a flood: the US government is using the banking sector to organize a sophisticated, widespread crackdown against the crypto industry. And the administration’s efforts are no secret: they’re expressed plainly in memos, regulatory guidance, and blog posts. However, the breadth of this plan — spanning virtually every financial regulator — as well as its highly coordinated nature, has even the most steely-eyed crypto veterans nervous that crypto businesses might end up completely unbanked, stablecoins may be stranded and unable to manage flows in and out of crypto, and exchanges might be shut off from the banking system entirely. Let’s dig in.
For crypto firms, obtaining access to the onshore banking system has always been a challenge. Even today, crypto startups struggle mightily to get banks, and only a handful of boutiques serve them. This is why stablecoins like Tether found popularity early on: to facilitate fiat settlement where the rails of traditional banking were unavailable. However, in recent weeks, the intensity of efforts to ringfence the entire crypto space and isolate it from the traditional banking system have ratcheted up significantly. Specifically, the Biden administration is now executing what appears to be a coordinated plan that spans multiple agencies to discourage banks from dealing with crypto firms. It applies to both traditional banks who would serve crypto clients, and crypto-first firms aiming to get bank charters. It includes the administration itself, influential members of Congress, the Fed, the FDIC, the OCC, and the DoJ. Here’s a recap of notable events concerning banks and the policy establishment in recent weeks:
On Dec. 6, Senators Elizabeth Warren, John Kennedy, and Roger Marshall send a letter to crypto-friendly bank Silvergate, scolding them for providing services to FTX and Alameda research, and lambasting them for failing to report suspicious activities associated with those clients
On Dec. 7, Signature (among the most active banks serving crypto clients) announces its intent to halve deposits ascribed to crypto clients — in other words, they’ll give customers their money back, then shut down their accounts — drawing its crypto deposits down from $23b at peak to $10b, and to exit its stablecoin business
On Jan. 3, the Fed, the FDIC, and the OCC release a joint statement on the risks to banks engaging with crypto, not explicitly banning banks’ ability to hold crypto or deal with crypto clients, but strongly discouraging them from doing so on a “safety and soundness” basis
On Jan. 9, Metropolitan Commercial Bank (one of the few banks that serve crypto clients) announces a total shutdown of its cryptoasset-related vertical.
More at the link. I’ve long been skeptical of cryptocurrency advocates assertion that crypto provides a useful alternative to government-backed fiat currency. But it sure looks like the federal government is acting like that’s the case…
An important message about eternal truths from well-known biologist Fred Rogers:
TRIGGER WARNING. ⚠️ This is the most upsetting thing you will see all weekend. pic.twitter.com/eVLPZ3J3RI
CRT-pushing commie Angela Davis finds out that one of her ancestors was on the Mayflower.
A British farmer reviews Clarkson’s Farm. He says despite obvious setup bits, a lot of it (like the unexpected catastrophes and intractable town council bureaucracy) rings true.
The talks between the US, Japan, and the Netherlands over wider bans on exports of semiconductor technology to China have reportedly seen the three agree to concerted action.
As The Register has often chronicled, the US has restricted exports of critical chipmaking and silicon technologies to China, hoping to prevent its economic and strategic rival from developing military technologies – and to protest human rights abuses.
While the Home of the Brave has spawned many of Earth’s most significant chipmakers and designers – Intel, AMD, Qualcomm and many others have headquarters stateside – other nations also export semiconductor tech to China. The Land of the Free would rather put a stop to that if possible.
The Biden Administration also recognizes that its bans could be seen as creating an opportunity for other nations to cash in on the absence of US vendors in the Chinese market. The three-nation talks therefore have the extra dimension of making sure America’s policies have their desired effect against China and don’t harm the home team.
Those twin desires saw Japan and the Netherlands in talks with the US last week, and according to numerous reports the meetings produced a unified approach to restrict semiconductor exports to China.
Without equipment from the US, Japan and The Netherlands, you can’t equip and run a modern semiconductor fabrication plant.
Peter Zeihan (him again), who has evidently lost a bet requiring him to dress as Gimli, discusses the ramifications.
This is one case where Zeihan gets the generalities right, but is wrong on some specifics.
Right: The idea that China can just forge a complete “alternative” semiconductor supply chain out of thin air to replace western alternatives is indeed “hideously wrong.” “The nature of the semiconductor industry is more of an ecosystem. There are there’s very few places that without, significant industrial build out, could even pretend to do more than two or three steps of it, much less than a dozen or so steps that are necessary.”
However, in conflating semiconductor manufacturing and semiconductor equipment manufacturing (possibly to avoid contracting hypothermia) he’s muddied things up a bit. There are five essential semiconductor equipment manufacturers:
Applied Materials (USA)
ASML (The Netherlands)
KLA (USA)
LAM Research (USA)
Tokyo Electron (Japan)
If you’re building a modern, sub-10nm fab, chances are pretty good you need all five. You have to have an ASML EUV stepper, or else you have to go with trailing-edge machines from Canon and Nikon and deal with the computational pain and complexity of self-aligned quadruple patterning. You need KLA inspection tools to raise and maintain yields, and you need, at the very least, one of AMAT, LAM or TEL to provide the rest. Take away all three and you can’t equip a fab, period.
“We now have an agreement, and very soon the Dutch will formally be joining the sanction system against the Chinese.”
“The best [chips], these are 10 nanometer and smaller. This is typically what’s in your cell phone or in your high-end computers and servers those about 80% percent of them are actually fabricated in Taiwan, with another 20% in South Korea.” No. Although TSMC and Samsung are indeed leaders in this space, Intel has had 10nm processes running in their advanced fabs is Hillsboro and Chandler for a while, even though they’ve suffered yield problems.
His assertion that only China does legacy 90nm and above processes is false, as a look at this list of wafer fabs will attest, as there are a lot of companies (TI, TowerJazz, Oki, Mitsubishi, etc.) still profitably running older nodes, though many are comparatively funky technologies like BiCMOS, Analog, GaAs, etc.
Some quibbles about the details, but he gets the big picture right.
As for his suggestion that companies stick to over 10nm nodes, well, I don’t think much of it. Those that can do >10nm nodes will and push the technology forward, and those that can’t afford to won’t…
Democrats being soft on criminals, pedophiles and common sense highlights this week’s LinkSwarm.
Man, there sure seems to be a lot of funny number counting going on in Philadelphia.
Regular readers are well aware that back in July, Zero Hedge first (long before it became a running theme among so-called “macro experts”) pointed out that a gaping 1+ million job differential had opened up between the closely-watched and market-impacting, if easily gamed and manipulated, Establishment Survey and the far more accurate if volatile, Household Survey – the two core components of the monthly non-farm payrolls report.
We first described this divergence in early July, when looking at the June payrolls data, we found that the gap between the Housing and Establishment Surveys had blown out to 1.5 million starting in March when “something snapped.” We described this in “Something Snaps In The US Labor Market: Full, Part-Time Workers Plunge As Multiple Jobholders Soar.”
Since then the difference only got worse, and culminated earlier this month when the gap between the Establishment and Household surveys for the November dataset nearly doubled to a whopping 2.7 million jobs, a bifurcation which we described in “Something Is Rigged: Unexplained, Record 2.7 Million Jobs Gap Emerges In Broken Payrolls Report.”
Snip.
We bring all this up again because late on Dec 13, the Philadelphia Fed published something shocking: as part of the regional Fed’s quarterly reassessment of payrolls in the form of an “early benchmark revision of state payroll employment”, the Philly Fed confirmed what we have been saying since July, namely that US payrolls are overstated by at least 1.1 million, and likely much more!
And the correction came after the midterms! What are the odds?
The Royal Bahamas Police Force took the failed financial tech entrepreneur into custody after the U.S. filed criminal charges against him, according to a press statement. FTX, which Bankman-Fried founded, imploded in November, costing investors millions of dollars in losses. The fallen businessman has been accused of misusing customer funds deposited with FTX to artificially prop up another one of his enterprises: a crypto hedge fund, Alameda Research, which he operated simultaneously while seemingly evading financial ethics scrutiny.
Speaking of abusing children: “Former CNN Producer Pleads Guilty In Pedo Scandal. Former CNN producer John Griffin, who worked ‘shoulder to shoulder’ with Chris Cuomo, pleaded guilty on Monday in federal court to using interstate commerce to entice and coerce a 9-year-old girl to engage in sexual activity as his Vermont ski house. This is a different CNN pedophile than Jake Tapper’s former producer, Rick Saleeby, who resigned after it emerged that he solicited sexually explicit photos of an underage girl.”
The mother of an 11-year-old rape victim is suing a George-Soros backed prosecutor in Virginia who let the boy’s rapist walk free, alleging the prosecutor’s actions violated the minor’s civil rights and made him fear for his physical safety.
Amber Reel in November filed the federal lawsuit on behalf of her son after Fairfax County commonwealth’s attorney Steve Descano (D.) let the rapist walk. Court filings show Descano was months late in sharing necessary evidence before a September trial, dooming the case and forcing his office to enter into a lesser plea deal with the rapist the same month. Ronnie Reel, who was released on time served, had faced life in prison for forcibly sodomizing the minor. Reel is the victim’s uncle.
This is the second high-profile case in the last month where the Soros prosecutor freed a dangerous offender. In December, Descano struck a plea deal that would clear the record of a man who fired his gun into a crowded Virginia bar. Soros donated more than half a million dollars to Descano’s 2019 campaign.
A grand jury had already indicted Reel in February for sodomy and aggravated sexual battery, and the case was set for trial in September. But Descano’s office didn’t share evidence with the public defender before trial, bungling Reel’s prosecution with its “woefully, woefully missed” deadlines. The case’s presiding judge said Descano’s office did a “disservice to the victim” and was “very concerning to the court.”
Because he dodged a felony sex crime conviction, Reel won’t have to register as a sex offender and won’t be barred from holding jobs in schools or other places that would put him near children. The victim and his mother in their suit say Descano’s “deliberate indifference represents egregious conduct that is shocking to the conscience.”
Speaking of pedophile friendly Democrats: “During the hearing before the House Oversight and Reform Committee, California [Democratic] Rep. Katie Porter asserted that the phrase “groomer” is a “lie” used to maliciously discriminate against LGBTQ+ people and make them appear to be a “threat.” “You know, this allegation of ‘groomer’ and ‘pedophile,’ it is alleging that a person is criminal somehow and engaged in criminal acts merely because of their gender identity, their sexual orientation, their gender identity.” Yes, if your “gender identity” is “I like to have sex with children,” then yes, you’re a pedophile, and if you tell elementary school children what sort of sex you have, then yes, you’re a groomer.
Former state Sen. Kirk Watson (D-Austin) will be the next mayor of Austin about two decades after he left that same office in the early aughts.
He defeated state Rep. Celia Israel (D-Austin) by a slim margin after finishing second in the general election. He’ll serve as mayor for the next two years before having to seek re-election in 2024 due to redistricting.
Watson lost Travis County, the city’s largest portion, by 17 votes while winning Williamson county by 881 and Hays County by 22. During the general and runoff races, he outspent Israel by a wide margin.
The two candidates sparred over housing and homeless policy during the general election and the runoff. About one-third of the voting population turned out to vote in the runoff versus the November 8 general.
Watson will take over for Mayor Steve Adler after his self-described “disruptive” tenure marked by a lingering homelessness problem, public fallout and a declining relationship with the police department, and a cumbersome and increasingly costly light rail transit project.
The United States has always had kind of a friends and family plan that it sells military gear to, but it has always reserved the very top top top stuff for itself and the Brits. Well, in this calendar year we have already seen the first two exceptions to that policy being made. The United States is sending air-launch cruise missiles and nuclear-powered submarines to the Australians. And now we’re giving Tomahawks to the Japanese, giving both of these countries the ability to independently destroy China’s economic links to the wider world without any additional help from the United States. And this sudden proliferation of countries that can now bring China to their knees independently, this is arguably the biggest strategic development of the Year, even more so than the Ukraine war, because it takes what has become the world’s second largest economy and puts it completely at the mercy of the domestic politics of a third party, and now a fourth party.
Oberlin College finally pays their judgment to Gibson’s Bakery. “The $25 million verdict plus interest and attorney’s fees resulted in an almost $32 million judgment, with interest running at about $4000 per day since June 2019. In all, over $36 million was owed.” Cudos to William A. Jacobson at Legal Insurrection for his thorough, ongoing coverage of this story from beginning to end.
F-35B fighter crashes in the Metroplex. Fortunately the pilot safely ejected, and it appears that the airplane (which was undergoing testing for Lockheed) looks recoverable. To my untrained eye it looks like a stuck throttle.
The progressive approach to law enforcement in certain major US cities, supported by George Soros and others, has been a complete failure as residents’ quality of life has collapsed. Soaring violent crime and controversial open-air drug markets plague the downtown areas of San Francisco, Cleveland, and Portland, transforming these areas into wastelands.
A recent study commissioned by the Institute of Governmental Studies at the University of California Berkeley found that San Francisco’s downtown activity was only 31% this spring (between March and May) compared to pre-Covid levels. Cleveland was at 36%, and Portland was at 41%.
Meanwhile, after the pandemic, Salt Lake City, Utah, Bakersfield, California, and Columbus, Ohio, experienced the most massive booms in downtown activity.
Oh, Mike Pence, you soft, naive little man. Oh, Tim Scott, you kind and friendly gentleman. I like you both. I really do. I would love you to be my neighbors. If I ran short of sugar or charcoal, you’d square me away. Not so much bourbon, but whatever. If I asked you to help me move or give me a ride to the airport, you suckers would be all in because you are nice guys. And that’s your problem and the problem of Republicans like you. You are nice guys in a time that calls for ruthless killers who want to destroy our enemies and leave them on their backs, figuratively cockroaching on the floor.
We want vengeance and victory. You want hugs. I guess that’s nice. Hugworld would be pleasant, but it’s the hardcore bomb throwers who get us to that stage by pummeling our enemies into submission. You find that unsavory, disconcerting, unseemly. You would prefer a world of comity, collegiality, and unicorns. And that ain’t happening until we warrior cons have broken our enemy – yeah, I used the “E” word – and exacted our payback and thereby ensured that their pain is so great that they will not dare even dream of repeating this nonsense again for a generation for fear of our righteous wrath.
Your problem is that you live on forever in a world that no longer exists, if it ever did. You live in a world where there are norms. You live in a world of rules and guardrails, where the institutions are at least nominally neutral and where we all share some basic premises that provide common ground. But we don’t. They hate America. They hate believing Christians and Jews. They hate the idea of free speech, freedom of religion, the right to due process, and not killing babies three seconds before they poke their heads out. They think kids should be mutilated to conform to gender delusions. They want us normals disarmed, disenfranchised, and, more often than you softies will admit, deceased.
Snip.
It’s time to accept reality and embrace the suck. The suck is that we are in a fight. It’s not going to be over when we pass a few laws or overturn some terrible precedents; those are necessary but far from sufficient actions. No, we are in a long and brutal political struggle where the stakes are our liberty, and while you want to figuratively clutch your pearls and worry about whether this is who we are, we know who we are. And we are the guys and gals who want to figuratively don our plate armor, sharpen our broadswords, and get some, Knight Templar-style.
Mike Pence, Tim Scott, I like you. And I would love to live in your world. But that world exists only in your imagination, and I and the rest of us in the base are stuck here on Planet Earth. You guys can’t be president because you are not wartime consiglieres. You are both Tom Hagan, reliable and soft Tom Hagan, when we are Michael and we need a Sonny to go after the Barzinis and Tartaglias of the left.
It’s sad that your dreams of the presidency in 2024 must die, but you don’t get it, and you can’t fake it. This was a test, and you failed. If you are still imagining that there might be some set of facts awaiting public disclosure that makes it okay to send guys with guns to invade the domicile of your primo political opponent, if you still can’t bring yourself to demand that the disgraced FBI be defunded and dismantled so it can never try to frame another GOP politician, then you are not up to the job. You don’t get to be president because you don’t know what time it is.
One thing about leftist culture that never ceases to amaze is their ability to take a failure and pretend that it was actually a success. This attitude is perhaps an extension of their penchant for propaganda – They lie so much about everything that they end up falling victim to their own disinformation. They tell their enemies they are winning even when they are losing, and then they actually start to believe it themselves.
It’s a bit like the old rule for drug dealers – Everything falls apart when you start smoking the drugs you sell.
For CNN and outlets like them, the problem is that you can’t run from reality forever. If no one wants to watch your content then you can’t force them to do so. Leftists wish they could use force, but they can’t, so instead they try to use gaslighting and shame. This has translated into the typical tactics we see today from the media, which include race baiting and accusations of bigotry, misogyny, homophobia, fascism, etc. These tactics really took center stage from 2016 onward and they haven’t worked yet, but the political left continues to beat that dead horse in the hopes that it will one day win the Kentucky Derby.
They NEED regular consumers to watch their content, but they look down their noses at regular consumers and see them as untouchable peasants. So, they don’t make content for the peasant, they make content for themselves and their friends. This is not a recipe for a successful media network.
In a recent article on the CNN issue, Vox (a far-left outlet) remarked on Brian Stelter being fired and his show being shut down even though he still had three more years on a six-figure contract. David Zaslav, an executive from Discovery, has taken oversight of Warner Brothers and its properties and has been making extensive cuts to save money and streamline the bloated company. Vox’s position really illustrates the deeper problem within leftist media:
“Stelter, who reportedly made close to $1 million a year, was an easy cut: His show, along with his daily media newsletter, was a big deal in media circles…but not a huge draw for normals.”
By using the term “normals” one might conclude that Vox sees themselves and and other journalists as “extraordinary” when compared to the rest of us. Or, maybe they are just “abnormal” – It’s hard to say. The statement is possibly a mistaken admission of how leftist journalists truly view the world, and their view is stunted. They see their work as vital to the masses because their PEERS and Twitter buddies see it as vital to the masses. But mainstream journalists are too far detached from the world and reality to make objective judgment calls. They see themselves as the saviors of humanity, but no one else sees them that way.
The audience numbers talk. The money talks. It doesn’t matter how important you think you are – You don’t own the audience, the audience owns you.
CNN has been a consistent loser in terms of audience numbers and ratings; their ratings have plummeted while their profits continue to slump over the past few years. The CNN+ project was supposed to draw in millions of viewers but only generated 150,000 subscribers, and of those subscribers only 10,000 were regular watchers.
In other words, CNN+ would have been crushed by average YouTuber numbers and their projections for at least 29 million “super fans” were absolutely incompetent. This is why the project was shut down within weeks by David Zaslav – It was an embarrassment from the start, built on inflated delusions of grandeur.
Forget “delusions of grandeur,” CNN suffers from “delusions of not being widely loathed.”
And what is CNN really built on? What has been the company’s foundation for years? It’s only product has been anti-conservative agit-prop. That’s it. That’s all they have. This might work financially if the extreme left was as prevalent as they pretend, but if we look at the numbers and the cash flow, they are actually a tiny portion of the population puffed up and screaming as loud as they can to appear big and formidable. CNN is failing because there is an unsustainable audience for their product.
Federal court strikes down Texas gun law…and for once its good news. “A federal judge has struck down a Texas law preventing individuals aged 18 to 20 years from carrying handguns in public, in the first major court ruling on Second Amendment rights since the Supreme Court recognized a constitutional right to carry firearms in public for self-defense.” Cudos to Judge Mark Pittman for getting it right.
Remember how the left slobbered all over Gravity Payments CEO for giving everyone a $70 salary? Well, he just resigned after a rape allegation. (Hat tip: Instapundit.)
Democratic State Rep. Sergio Munoz Jr. to pay $1.2 million in damages for legal malpractice. Namely not mentioning that he and the judge presiding over a divorce case he was involved with had previously been law partners.
On May 12, Biden’s Interior Department blocked a proposal to open up more than one million acres of land in Alaska for oil and gas drilling. Two days later, Biden’s Environmental Protection Agency blocked plans to expand an oil refinery in the US Virgin Islands.
Biden and his defenders said he had to block the expansion of the Virgin Islands refinery, given how polluting it was.
But had Biden’s EPA allowed the Virgin Island refinery to expand, the owners would have poured nearly $3 billion into retrofitting the plant so it produced gasoline and other products more cleanly, while significantly increasing production at the same time.
In truth, there are many things Biden could have done, and still should do, to lower energy prices. He could invoke the National Defense Act to accelerate the rate of oil and gas permits. He could set a floor of $80/barrel for re-filling the Strategic Petroleum Reserve (SPR), which would be a powerful incentive for the industry, because it would prevent prices from falling to unprofitable levels. Biden could announce trade agreements with American allies to supply them with liquified natural gas, which would incentivize more natural gas production and lower prices.
If Biden got America on a wartime footing, as he should be given Russia’s aggression in Europe, we would see the lowering of oil, gas and petroleum prices in less than one year.
Why won’t Biden do it? Because he has declared war on fossil fuels. “I guarantee you, we’re going to end fossil fuel,” Biden promised a student climate activist in 2019. “I am not going to cooperate with them,” he said, referring to the oil and gas industry.
Joe Biden has proven once again that he has no interest in reducing the record-high costs of gasoline, which have gone up throughout his time in office.
Biden not only wants to block all new oil drilling in the Atlantic and Pacific Oceans, but he’s also taking steps to shut down exploration of oil and gas on federal lands.
“A plan released Friday shows the White House proposed no more than 10 potential lease sales in the Gulf of Mexico, an option for one potential lease sale in the northern portion of the Cook Inlet of Alaska, and no lease sales for the Atlantic or Pacific planning areas over the 2023-2028 period,” reports Breitbart. This plan is not finalized, however, but any potential areas of exploration or sale not mentioned in the proposal will reportedly be off-limits from 2023-2028.
Former Japanese Prime Minister Shinzo Abe assassinated by a man with a homemade shotgun while giving a speech.
Abe’s Japan was a reliable ally to the United States. But we should not let the shocking assassination blind us to the fact that Abe’s much-praised (by western MSM outlets, anyway) runaway deficit spending “Abenomics” efforts to lift Japan out of its long-running recession were a colossal failure, jacking up Japan’s national debt to the highest debt-per-GDP ratio in the world while failing to measurably increase actual economic activity.
Here’s a little leadership secret that’s actually not a secret at all to competent commissioned and non-commissioned officers. There are no bad cohorts of soldiers, sailors, airmen, Marines, Coast Guardsmen and whatever the hell Space Force people are called. There are only bad leaders, and we have the worst military leadership in American history, starting right at the top with a commander-in-chief who is less like Ike than Beavis.
In fact – and this rips me up to say because I would not trade my about 27 years in the Army for anything – the reluctance to enlist of the traditional, normal Americans who are most likely to serve and who are the most desirable for service, is entirely rational. You do have an obligation to serve your country in some way, the military being the highest and best way for those who are able. But you do not have an obligation to do so if your life is going to be squandered by a leadership whose strategies are a disaster, whose priorities are not the defense of this country but some sort of bizarre pan-global progressive ideology, and who will use you as a guinea pig in freakish and morally bankrupt social experiments, all while failing to fulfill even the most basic obligations of the leaders to the led. Our military today is failing to meet its recruiting goals because it has failed to earn the trust of normal Americans who would otherwise be inclined to raise their hands.
Snip.
That social justice nonsense is another reason we can’t recruit. Would you want to waive your civil rights and sleep in the dirt to be part of an institution that hates you? Would you feel like joining an organization whose leadership is very, very focused on mythical “white privilege” and those scary “insurrectionists?” Remember, if you are conservative, you are an official extremist threat. If you are a believer, you run afoul of the official morality of CRT. If you think men can’t become women because they feel like it, you are a horrible bigot and you will be ordered to lie and use the pronoun du jour or else.
This is your city on Woke: “Over 400,000 High-Priority Incidents In Chicago In 2021 Had ‘No Police Available To Send.'”
Speaking of Democratic Party-ruled city approaches to crime, look at the New York City case against Jose Alba, who “was sitting in his store working and was no harm to anyone. Then the perpetrator came behind the counter and attacked him.” Alba defended himself by killing his attacker with a knife. Naturally, Soros-backed DA Alvin Bragg charged Alba with murder.
The Social Justice Warrior love affair with pedophiles continues: “Top New Biden Staffer Defended Underage, Gay Prostitution Website Raided By Feds.”
“The owner of a Washington sex shop, who also serves as the director of the local school board, is hosting a pair of sex education workshops for children as young as 9 years old. Jenn Mason, the owner of the Wink Wink Boutique in Bellingham, Washington, and the director of the Bellingham School Board, is hosting a sex-ed workshop titled ‘Uncringe Academy: Sex Education Without (most) of the Awkward’ for children ages 9-18.” If the story seems familiar, it’s because she tried to do the same thing in May. According to their website, she’s still a Bellingham School Board Director.
“The ailing #WokeSuperheroes and teenagers-talking-in-hallways network The CW has been sold for zero dollars.” Plus $100 million in debt assumption. Bonus: Critical Drinker reviews Batwoman.
From Japan comes the heartwarming story of radical feminists being defeated by the holy power of boobs:
No country is too far from the grasp of social justice values to try to take hold, and sure enough, the country of Japan has been enduring its own attempts by the far left to infiltrate and take over the culture.
Particularly, a feminist movement in Japan had been growing within it, but it would appear that the young women it was attempting to seduce are rejecting it thanks to several factors, but one of them is their breasts.
Visual Aid
No, I’m not kidding.
According to Datosjam, feminists are losing ground in the land of the rising sun due to the fact that the movement is attacking women. Just like in the west, woke culture is attempting to eliminate femininity and make being a woman seem weak and problematic. It’s a narrative that has found a ton of success in the west thanks to decades of pushing it through mainstream culture, but in Japan, this narrative is failing.
Another Visual Aid
Apparently, Japanese women like their femininity. Specifically, their feminine bodies which the feminist movement over there is attempting to shame women for. Particularly their breasts.
Yet Another Visual Aid
An article by Japanese writer Raiden Bell described how feminists were attacking women with large breasts and telling them that in order to be less discriminatory with gender they would have to hide them.
Hide large breasts? What happened to “My body, my choice?”
Still another visual aid of what Japanese feminists evidently hate
One of the controversies prompting an exodus occurred when an image posted by a business on social media using free advertisement images given to them by Japanese model Saya Akane caused an uproar. Feminists claimed that the image highlighted Akane’s breasts. The image actually shows no emphasis on her breasts. She is in modest office casual clothing and is speaking on a phone. Akane just happens to have a larger than normal breast size.
The girl that evidently has feminists all hot and bothered.
“Aren’t they crushing diversity in an attempt to embrace diversity?” asked Akane.
Feminists went so far as to suggest that she reduce her breasts surgically and that not doing so is “selling your sex.” They hurled insults at her such as calling her a “typical penis-loving woman without honor” and “trying to take advantage of men’s sexual desires.”
As woke culture has attempted to push on us here in the west, a woman attempting to appeal to the male gaze is the height of sin for a woman.
Moreover, Japanese feminists have declared that larger breasts are “deformed” and “associated with mental disability.”
I’m not seeing any deformity here.
That was a bit too much for Japanese women who began rejecting the feminist movement and began stating that the constant criticisms are enough to move away from the movement. Funny enough, it didn’t stop there, and further rejection of feminism came from its criticism of an unlikely source.
Manga artists tend to draw women with tiny waists and larger breasts, or at the very least, they tend to draw women in ways that make them more sexually appealing than normal. Feminists in Japan are naturally angry about this, but interestingly, data shows that around 70 percent of manga artists are women according to the article. Moreover, the majority of these artists are in their 20s and 30s.
Warrior against wokeness
To be anti-breast is to not only be anti-woman, but anti-human.
Stagflation is back, scammers continue to loot taxpayer money from the federal government, Team Global Warming continues it’s perfect losing streak, and dispatches from a deadly accordion war. It’s the Friday LinkSwarm!
The U.S. economy shrunk by 1.4% in Q1. “Unexpectedly!” So now we’ve got stagnation to go with that soaring inflation, a key ingredient in the Biden Administration’s Welcome Back Carter cosplay. One more quarter of decline and the recession is officially at hand…
In June, the FBI got a warrant to hunt through the Google accounts of Abedemi Rufai, a Nigerian state government official.
Hello, I am Prince Abedemi Rufai. You are probably surprised by this email…
What they found, they said in a sworn affidavit, was all the ingredients for a “massive” cyberfraud on U.S. government benefits: stolen bank, credit card and tax information of Americans. Money transfers. And emails showing dozens of false unemployment claims in seven states that paid out $350,000.
Rufai was arrested in May at John F. Kennedy International Airport in New York as he prepared to fly first class back to Nigeria, according to court records. He is being held without bail in Washington state, where he has pleaded not guilty to five counts of wire fraud.
Rufai’s case offers a small window into what law enforcement officials and private experts say is the biggest fraud ever perpetrated against the U.S., a significant part of it carried out by foreigners.
Russian mobsters, Chinese hackers and Nigerian scammers have used stolen identities to plunder tens of billions of dollars in Covid benefits, spiriting the money overseas in a massive transfer of wealth from U.S. taxpayers, officials and experts say. And they say it is still happening.
Among the ripest targets for the cybertheft have been jobless programs. The federal government cannot say for sure how much of the more than $900 billion in pandemic-related unemployment relief has been stolen, but credible estimates range from $87 billion to $400 billion — at least half of which went to foreign criminals, law enforcement officials say.
Those staggering sums dwarf, even on the low end, what the federal government spends every year on intelligence collection, food stamps or K-12 education.
Keep in mind, this is just one government program.
Many who participated in what prosecutors are calling the largest fraud in U.S. history — the theft of hundreds of billions of dollars in taxpayer money intended to help those harmed by the coronavirus pandemic — couldn’t resist purchasing luxury automobiles. Also mansions, private jet flights and swanky vacations.
Biden Administration creates unconstitutional Ministry of Truth to fight “disinformation,” i.e. truth and opinion that hurts Democrats. This is the lunatic running it:
For 20 Years, This Prosecutor Had a Secret Job Working For the Judges Who’d Decide His Cases.”
One of Ralph Petty’s victims is trying to hold him accountable, but she will have to overcome prosecutorial immunity.
Ralph Petty worked as an assistant district attorney in Midland County, Texas, for 20 years. Like any prosecutor, he fervidly advocated for the government. But he wasn’t just any advocate, because he wasn’t just a prosecutor. Each night, Petty took off his proverbial DA hat and re-entered the courthouse as a law clerk for the same judges he was trying to convince to side with him by day.
“A married English teacher at Langham Creek High School was arrested after allegedly sleeping with a 15-year-old student.” Spoiler for those thinking of clicking through for the pic: She’s no prize.
Stop me if you’ve heard this story before: Bold new architecture project becomes ugly and nonfunctional.
In Kurokawa’s original plan, the Nakagin capsules were meant to be replaced every twenty-five years with updated iterations. That didn’t happen, in part because of the funding that would have required. Each capsule would have cost, according to some estimates, almost nine million yen, or about seventy thousand dollars, to repair. A single capsule couldn’t be removed without removing all those above it, so all units would have to be vacated and updated at once. Over time, the building fell into disrepair. Concerns about asbestos made the towers’ ventilation system unusable, and residents complained about mold and incessant leaks during rainstorms. The owners’ association first voted to sell the building to a developer, in 2007, but the firm soon filed for bankruptcy, throwing the building’s fate into uncertainty. Kurokawa, who had pushed for renovations, died that same year. By 2010, the towers’ hot water had been shut off. The building had become more a work of art than the dynamic architecture that Kurokawa envisioned.
“New York Democrats Aim To Tax Ammo To Fund Anti-Gun Research….New York Senate Bill S8415, which would add an arbitrary 5-cent tax per round of ammunition larger than .22 Caliber. Rounds smaller than .22 Caliber would be subject to a 2-cent tax per round. According to the bill, the tax revenue would go to the state’s Gun Violence Research Fund.” That would be unconstitutional with a capital “un.”
Lake Mead hit by megadrought. “After nearly half a century, the first intake is out of service and can no longer draw water. Water levels at the lake hit record lows this week, falling to 1,056 feet. Luckily, SNWA has two other intakes at much lower levels that are still operational.”
The invasion will happen in April or October. Because of the challenges posed by the strait’s weather, a transport fleet can only make it across the strait in one of these two four-week windows. The scale of the invasion will be so large that strategic surprise will not be possible, especially given the extensive mutual penetration of each side by the other’s intelligence agencies.
In some way the timing is right for Beijing to go to war. Their economy is faltering, the Biden White House has proved its weakness in Afghanistan (and may be compromised by CCP ties), and a “Great Patriotic War” to bring a “renegade province” in line may be just what the doctor ordered to distract the nation.
In another way, this is exactly the wrong time to launch an attack, with global supply chains snarled and ports clogged up, how is China supposed to transport troops across the Taiwanese Strait, especially since they need civilian transports to carry troops.
The Chinese navy now has access to 1.5 million tons of shipping that could carry an assault force across the Taiwan Strait and initiate an invasion of Taiwan.
For those of you keeping score at home, that’s a transport fleet equal in displacement to U.S. Military Sealift Command’s own quasi-civilian fleet.
In other words, a lot of ships.
To have any chance of conquering Taiwan, China might need to transport as many as 2 million troops across the rough 100 miles of the Taiwan Strait and land them under fire at the island’s 14 potential invasion beaches or 10 major ports.
That’s a lot of people—far, far more than the People’s Liberation Army Navy can haul in its 11 new amphibious ships, together displacing around 370,000 tons. To transport the bulk of the invasion force, Beijing almost certainly would take up into naval service thousands of civilian ships.
The National Defense Transportation Law of 2017 mandates that all of China’s transport infrastructure, including ships, be available for military use. Naval engineers have begun modifying key vessels to make them better assault ships—in particular adding heavy-duty ramps that can support the weight of armored vehicles.
If I was of conspiratorial cast, I might suspect that the shipping snarl was designed to hide the presence of troops ships in the Taiwanese strait.
Taiwan is taking the threat seriously enough to prepare for war:
Taiwan is preparing for potential war with China following a series of increasingly aggressive military activity from Beijing, with Taipei’s foreign minister warning that should the nation attack, it would “suffer tremendously.”
China on Monday sent 52 military aircraft into Taiwan’s air defense identification zone, the largest military provocation seen yet.
In anticipation of further aggression, the self-ruled island is preparing to repel any strike and has asked Australia to increase intelligence sharing and security cooperation, Taiwanese Foreign Minister Joseph Wu told the Australian Broadcast Corporation’s “China Tonight.”
“The defense of Taiwan is in our own hands, and we are absolutely committed to that,” Wu told ABC’s Stan Grant in an interview to be broadcast Monday.
“I’m sure that if China is going to launch an attack against Taiwan, I think they are going to suffer tremendously as well.”
China, which claims that Taiwan is part of its territory, in the past week has stepped up its saber rattling against the island to press it to back down and accept Chinese rule. Taipei, meanwhile, maintains it is a sovereign country separate from Beijing.
Is China getting ready to invade? I have no way of reading Xi Jinping’s mind, but I think if a real war were in the offering, we’d see less saber-rattling tests of airspace and more signs of troop mobilization. I looked for any evidence that this was happening, but I haven’t seen in.
It’s been completely obvious for a long time that China has been preparing, if it so chooses, to take Taiwan by force of arms and keep us from being able to do anything about it.
It has massively increased its force of ballistic missiles, better to target a wide array of ships and hold at risk U.S. ground units. Prior to the latest, more serious iteration of the missile threat, Tom Shugart of the Center for New American Security estimated that a preemptive Chinese strike on our bases in the region “could crater every runway and runway-length taxiway at every major U.S. base in Japan, and destroy more than 200 aircraft on the ground.”
China has been churning out long-range strike aircraft and engaged in a historic naval buildup. It now has the largest navy in the world.
Nonetheless, invading and occupying Taiwan after launching a gigantic, logistically taxing amphibious operation across a 110-mile strait would be no small feat, to put it mildly.
It should be our objective to keep China at bay, toward the goal of keeping it from establishing its dominance over Asia, as former Trump defense official Elbridge Colby argues in his compelling new book The Strategy of Denial.
But the Taiwanese haven’t exhibited the urgency one would expect of an island of 24 million people coveted by a nearby nation of 1.4 billion people that makes no secret of its compulsion to try to swallow it whole.
Until a few years ago, Taiwan’s defense budget was shockingly inadequate. Its military reserves are lackluster. Its frontline units tend not to operate at full strength. It has often been seduced by the allure of so-called prestige weapons, such as top-end fighter aircraft that are irrelevant to its predicament.
We should be fortifying Taiwan and making it as difficult as possible for China to take. That means stockpiling food, energy, and munitions against a Chinese blockade. It means making its infrastructure more resilient and enhancing its cyber capabilities. It means increasing its capability to detect an early mustering of Chinese forces. It means more mines, anti-ship missiles, air-defense capabilities, and unmanned systems to frustrate a cross-strait invasion.
Speaking of arming countries against China, Japan is now testing flying F-35Bs off an aircraft carrier. If adopted, F-35s would be Japan’s first carrier aircraft since World War II.
