Following yesterday’s story, I got pushback from readers that asserted the supposed WallStreetsBets silver squeeze was, in fact, a ruse from hedge funds to distract retailer investors from the GameStop and AMC squeezes.
If you haven’t been browsing WSB or doing your own research, you’d probably think that the people on Twitter are correct in saying there is a silver squeeze happening and we should all get in on it. There are quite a few wsb-logo Twitter accounts pushing this. This is BS & the straight up the ANTITHESIS of who we are.
By buying silver/going long on silver, you would be directly putting money into the pockets of the EXACT HEDGE FUNDS ON THE OTHER SIDE OF $GME 🚀 🚀 🚀 💎 🙌 The hedge funds are LONG silver NOT short silver.
The media, Wall Street, normies, and every other non-WSB autist are trying to push you to buy silver. This would be a tragic, irreversible decision that not only will most likely not make you any money because the squeeze is fake, it will put you on the sidelines from this righteous and glorious war we are in.
Another sign it’s a ruse: Citadel Securities, one of the primary hedge funds backers, evidently holds shares in 17 different silver companies.
That’s one of the problems with a decentralized swarm attack: If nobody’s in charge, then it’s much harder to filter out the noise to determine the true direction of the swarm. That can be a strength, but it also makes the swarm vulnerable to ruses like this. Extracting a signal from the huge wave of noise in everyday financial transactions is a daunting problem under the best of circumstances even when giant hedge funds aren’t baiting friendly MSM outlets with elaborate ruses. (Or, I should say, when giant hedge funds aren’t baiting friendly MSM outlets with elaborate ruses even more than they usually are.)
Whatever the source, many bullion dealers were reporting a huge run on silver due to a spike in demand, though physical silvere seemed to be doing much better than “paper silver” (i.e., the futures market). Today spot silver prices are back down in early trading.
Remember, I said yesterday that a silver squeeze was unlikely to work.
With that out of the way, here are some other WallStreetBets/GameStop/etc. news:
Adam Ford with Not The Bee explains the GameStop short squeeze, including more background detail on the origins of the squeeze than was in my original post:
Glenn Greenwald goes into more detail on the GameStop squeeze and Melvin Capital:
The usual Greenwald leftwing caveats apply. (Hat tip: Zero Hedge.)
GameStop stock is back up this morning after Robinhood lifted restrictions on buying shares.
Texas Attorney General Ken Paxton has launched an investigation into “Robinhood, Discord, Citadel and other trading apps that put curbs on stock trading” in GameStop.
Noon Update: And now GameStop, AMC and Silver are all way down right now. Never invest what you can’t afford to lose…
At one point, it was estimated that the losses accumulated by GameStop short-sellers approached $5 billion. Melvin Capital, the now-notorious hedge fund with the huge GameStop short position, eventually required an infusion of $2.75 billion in cash from an even larger hedge fund to cover its possession and remain solvent.
And that’s when the Wall Street empire struck back. Suddenly, the federal Securities and Exchange Commission, or SEC, which purports to be a Wall Street regulator but instead operates as little more than a Wall and Broad soothsayer to a public skeptical of Wall Street’s power, weighed in and intimated that it might investigate or even shut down the trading of GameStop stock to prevent the price from getting even higher.
Then the Wall Street-backed trading apps and the Wall Street brokerages joined in, announcing they would no longer allow their users and retail investors to buy GameStop stock. The result? When you can no longer buy a stock, its price can only go in one direction: down.
The whole saga has spawned a mini-industry of commentary on trading, markets, Wall Street, hedge funds, regulation, efficient markets theory, and who knows what else. Hedge funds are bad! No, hedge funds are good! Markets are efficient vehicles for asset price discovery! No, we need strict regulation to prevent mob-incited runs on banks!
They all miss the point. What’s happening right now has nothing to do with hedge funds or free markets or pricing theory or any of that. What’s happening right now is another front in the major war taking place in institutions and countries across the world: It’s the elite versus the populists.
Wall Street has a long, storied history of viciously crushing short-sellers. It’s something of a local pastime. Just ask David Einhorn, who wrote an entire book on the industry’s efforts to destroy him for the crime of shorting the stock of a bank that was covering up the fact that a huge chunk of its loans were garbage and would never be paid back. The GameStop saga isn’t about the benefits, or evils, of short-sellers.
The real story is how “retail investors” — the industry term for regular people who day trade now and then or have a small brokerage account for retirement or to buy stocks every now and again for fun — figured out how to take down a financial leviathan. It’s not that Wall Street dislikes retail investors, it’s that Wall Street views them as little more than commission factories for the big brokerage houses.
Those rubes don’t know anything. They’re not sophisticated. They don’t have the credentials or pedigrees of the geniuses who simultaneously destroyed the housing market and economy in 2008. And they certainly don’t have the power to move markets.
It’s Wall Street’s job to move markets. It’s Wall Street’s job to tell people which stocks and bonds to buy, which conveniently just happen to be the same assets that the mega-banks are desperate to get off their balance sheets.
A bunch of trash, mortgage-backed securities based on mortgages that will clearly never get paid back? Just put them all in the same garbage bag, claim they couldn’t all possibly start to rot at once, and then demand that the ratings agencies whose salaries you pay stamp them not as trash, but as pure gold. Then, when magically all those bags of garbage start to stink to high heaven, why, then it’s time to demand that the federal government — funded by those retail investor rubes who will probably lose their jobs and homes and savings because of those bags of Wall Street’s garbage — bail every last one of them out.
See, retail investors don’t move markets. Until they do. Which, in the case of the Redditors bidding up GameStop stock, they did. And that cannot be tolerated. The whole GameStop saga isn’t about finance or politics. It’s David vs. Goliath, the have-nots vs. the haves, the underdog vs. the heavy favorite with the best talent and training and equipment money can buy. It is a perfect microcosm of the war between the populists and the elites, the individuals vs. the institutions, the people vs. the powerful.
A bunch of internet randos found a way to take financial advantage of a company that had backed itself into a corner. They banded together, executed the strategy, and made bank. They used the exact same rules and systems that Wall Street has used for decades to screw individual investors out of their money.
That was the Redditors’ real crime. Because that’s not allowed. You are not allowed to use the same set of rules for your own advantage.
The rules here are simple: Heads Wall Street wins, tails you lose. The institutions set the rules, not you. The elite, not the populace, will determine what is allowed and what isn’t.
Former President Donald Trump is not interested in forming a third party and pledges to remain involved in Republican politics. Suck it, Lincoln Project. (And by “it” I mean “your complete irrelevance” and not “the genitalia of teenage boys”…)
The great theme of the Trump years, the one historians will note a century from now, was the failure of America’s expert class. The people who were supposed to know what they were talking about, didn’t.
The failure began with the country’s top consultants and pollsters. Candidate Trump did almost everything lavishly paid political consultants would have told him, and did tell him, not to do — and he won. The most respected pollsters, meanwhile, predicted a landslide for Hillary Clinton. America’s best and brightest political adepts turned out to know very little about the elections they claim to understand.
Also during the 2016 campaign, an assemblage of top-tier academics, intellectuals and journalists warned that Mr. Trump’s candidacy signified a fascist threat. Timothy Snyder, a historian of Nazism at Yale, was among the most strident of these prophets. “Be calm when the unthinkable arrives,” he warned in a Facebook post shortly after the election. “When the terrorist attack comes, remember that all authorities at all times either await or plan such events in order to consolidate power. Think of the Reichstag fire.” Many experts stuck with the fascism theme after Mr. Trump’s election and throughout his presidency. That these cultured authorities couldn’t tell the difference between a populist protest against elite contempt and a coup carried out by powerful ideologues will go down as one of the great fiascoes of American intellectual history.
The fascism charge was only the most acute form of the claim that Mr. Trump was carrying out an “assault on democracy.” Some semantic clarification is in order here. When intellectuals and journalists of the left use the word “democracy,” they typically are not referring to elections and decision-making by popularly elected officials. For the left, “democracy” is another word for progressive policy aims, especially the widening of special political rights and welfare-state provisions to new constituencies. By that definition any Republican president is carrying out an “assault on democracy.”
Mr. Trump assaulted democracy in the ordinary sense of the word, but he did so only after the 2020 election. That effort was discreditable and disruptive, but it was also delusional and ineffective. It was not the assault the president’s expert-class critics had foreseen.
Perhaps those critics failed to understand Mr. Trump’s assault on democracy because they had carried out a similar sort of assault in 2016-18, with the support of the federal bureaucracy and the nation’s political and cultural elite. I’m referring to the Russia scare: the belief that Mr. Trump won only because his campaign “colluded” with agents of Moscow, and that his election in 2016 was therefore illegitimate. The theory made sense only if you couldn’t grasp the obvious reasons for Mr. Trump’s victory, namely that Hillary Clinton was a terrible candidate and that Obama-era progressivism had become sufficiently unpopular in the Midwest to throw the election to the nationalist candidate. Somehow it was easier for smart and accomplished people to believe that a TV celebrity and political neophyte with attention-deficit issues had entered into a diabolically ingenious pact with a foreign dictator in which the dictator helped him pick up just enough votes in the states he needed to win.
It took a 22-month investigation by a special counsel to establish an absence of evidence that Mr. Trump’s campaign had conspired with the Russians. America’s best minds and most influential leaders had spent more than two years obsessing over an idiotic conspiracy theory.
This spectacular failure of the expert class would have been impossible without the willing support of a credulous news media. That Mr. Trump won the presidency largely by denouncing the media should have suggested to leading journalists and media executives that something in their industry had gone badly wrong. Instead most of them took his rise as license to indulge their worst instincts.
Reporters treated every turn of events as evidence of Mr. Trump’s unique evil. They regarded every preposterous accusation put forward by his political foes as reasonable and likely true. The repeal of “net neutrality,” an Obama-era regulation on internet service providers, heralded the end of the open internet (it didn’t). The administration built “cages” in which to cram children of illegal border crossers (it didn’t). The president praised neo-Nazis as “very fine people” (he didn’t). His postmaster general was removing mailboxes to steal the election (an obvious lie). In retrospect, it was hardly surprising that so many Americans believed Mr. Trump’s fictitious claims about the election. Reports of his defeat, accurate though they were, meant little coming from news organizations that cared so much about discrediting him and so little about factual truth.
America’s foreign-policy elite didn’t perform appreciably better. For decades, they had insisted that peace between Israel and the Arab world was impossible without a long-term solution to the Israel-Palestinian problem. It was an axiom, no longer up for debate. Mr. Trump followed through on a promise long made but not kept by the U.S. government to recognize Jerusalem as the capital of Israel. Foreign-policy experts the world over predicted hellish payback from the Arab world, but the recognition went forward, the U.S. Embassy moved, and the payback consisted of a day’s worth of inconsequential protests.
Meanwhile the administration pressed ahead with a diplomatic push to strike commercial and diplomatic deals between Israel and Arab states. The United Arab Emirates, Bahrain, Sudan and Morocco announced they would establish formal relations with Israel, and Saudi Arabia may do the same. The foreign-policy clerisy, having been wrong about the central question of global diplomacy for the past four decades, predictably ignored these achievements.
In the few short days following the collapse of President Donald Trump’s attempts to bring evidence of electoral fraud to the attention of the state legislatures and the courts—not to mention the calamitous events of Jan. 6—the ascendant left has moved swiftly to capitalize on what has proved a stunning propaganda victory for them and neutralize their enemies on the right.
Forget the looting, burning, and general civil unrest at the hands of BLM and Antifa in cities across America last summer—for which next to no one has yet been punished, and which was widely cheered by both the mainstream media and Democrat politicians up to and including Vice President-elect Kamala Harris. That’s all ancient history now, replaced by the “insurrection,” the “armed riot” at the Capitol, the “worst attack on Washington” since the War of 1812, when the British burned the capital and the White House.
Of course, it was not. Unrecalled by the born-yesterday media, for example, is the 1954 attack by four Puerto Rican separatists on the House of Representatives, during which some 30 shots were fired and five congressmen were wounded; the terrorists were later pardoned by Jimmy Carter in 1979. Also forgotten: the bombings of the Capitol building and the Pentagon in the 1970s by the radical leftists of the Weather Underground, led by Barack Obama’s buddy William Ayers.
George, where you make a mistake is that people coming from the liberal side like you, you immediately say everything’s a lie instead of saying there are two sides to everything. Historically what would happen is if said that I thought that there was fraud, you would interview someone else who said there wasn’t. But now you insert yourself in the middle and say that the absolute… fact is that everything that I’m saying is a lie…. Let’s talk about the specifics of it. In Wisconsin, tens of thousands of absentee votes had only the name on them and no address. Historically those were thrown out, this time they weren’t. They made special accommodations because they said, oh, it’s a pandemic and people forgot what their address was. So they changed the law after the fact. That is wrong, that’s unconstitutional. And I plan on spending the next two years going around state to state and fixing these problems and I won’t be cowed by liberals in the media who say, there’s no evidence here and you’re a liar if you talk about election fraud. No, let’s have an open debate. It’s a free country.
The global semiconductor shortage is still slamming the auto industry. Tempted to do a separate “explainer” post about how the cyclical nature of the semiconductor industry and how hard it is to add capacity.
The order, which is the first the governor has signed since October and the first non-coronavirus related order since the pandemic began last year, directs agencies “to use all lawful powers and tools to challenge any federal action that threatens the continued strength, vitality, and independence of the energy industry.”
“Each state agency should work to identify potential litigation, notice-and-comment opportunities, and any other means of preventing federal overreach within the law,” it states.
“And when they do that,” added Abbott during the press conference, “that will arm Texas to be prepared to fight back.”
The governor called the order “a homework assignment for every state agency in Texas.”
It will be swell to see democrats squander tens of millions of dollars on a race they can’t win yet again…
“State Rep. Bryan Slaton filed an amendment saying that the Legislature should bring a vote to the floor to abolish abortion before it votes to ceremonially change the names of highways or bridges.”
Netflix goes full social justice warrior, inks deal with Ibram X. Kendi. If you didn’t cancel your subscription over Cuties, now would be a good time to do so. (Hat tip: Blog reader David Rainwater.)
Proof that letting biological men compete in women’s sports is a bad idea. Top male high school athletes routinely beat female Olympians.
The Lamb and Flag, once frequented by the likes of Lord of the Rings author J.R.R. Tolkien and his friend C.S. Lewis, who wrote The Chronicles of Narnia, has suffered a disastrous loss of revenues since the start of the pandemic.
It first opened in 1566 and moved to its present location on St Giles, a broad thoroughfare in the city centre, in 1613. It is owned by St John’s College, one of 45 colleges and private halls that make up the University of Oxford.
“Until the San Francisco Unified School District board stripped Dianne Feinstein’s name from one of its public schools, we were unaware of the Senator’s service to the Confederacy.”
On one side of the fight are the hedge fund managers. These guys are good-hearted regular folks living out the American dream by manipulating markets so that companies will fail and they can buy another desperately needed yacht.
On the other side are a bunch of Cheeto-stained Redditors who are dangerously manipulating markets to try to make money. These guys obviously weren’t informed that the stock market was only for rich people to make money. They’re probably Nazis and alt-righters too.
“Biden All-Female Communications Team Won’t Tell Nation What’s Wrong, Nation Should Already Know.” “It’s fine. Everything’s fine. Nothing’s wrong, OK!?” said Jen Psaki in her first press conference as a part of Biden’s team. “Why would you think I’m not fine? Ugh… if you have to ask, I’m not going to tell you.”
The Biden Administration’s plan to stop illegal alien deportations has run into a Texas-sized roadblock:
A federal judge in Texas has blocked President Biden’s executive order halting deportations of some illegal immigrants.
Biden signed the order halting deportations for 100 days on January 20, several hours after his inauguration, as part of a blitz of executive orders aimed at undoing Trump administration policies. Texas Attorney General Ken Paxton subsequently sued the Biden administration to reverse the order, citing an agreement between the Department of Homeland Security and Texas requiring the state’s approval to halt deportations.
Judge Drew Tipton of the Southern District of Texas blocked the implementation of Biden’s order on Tuesday for a period of 14 days. Tipton said that the delay was appropriate according to the Administrative Procedure Act of 1946.
Within 6 days of Biden’s inauguration, Texas has HALTED his illegal deportation freeze,” Paxton tweeted after the order. “*This* was a seditious left-wing insurrection. And my team and I stopped it.”
Tipton’s restraining order is effective for 14 days as the state’s case against the moratorium continues.
Paxton argued the state would face financial harm if undocumented immigrants were released into the state because of costs associated with health care and education, and said the moratorium would also lure others to come to Texas. Tipton, an appointee of former President Donald Trump who took the bench last year, agreed.
“Texas argues that ‘the categorical refusal to remove aliens ordered removable will encourage additional illegal immigration into Texas,’ thereby exacerbating its public service costs. Such injury is not, as a legal matter, purely speculative,” he wrote. “The Court finds that the foregoing establishes a substantial risk of imminent and irreparable harm to Texas.
Federal law makes clear that the overwhelming majority of illegal aliens are deportable. Suspending the law for vast classes of deportable illegal aliens (rather than by a federal judge adjudicating individual cases) is an abuse of power. The Biden Administration doesn’t get to ignore written law (or written agreements with state government) merely because they find it inconvenient for a future amnesty of illegal aliens to create more Democratic voters.
Some New Mexico officials are now trying to defend themselves by saying they didn’t anticipate the new President would issue such a ban, but such protests ring rather hollow given that they most assuredly did understand that Biden plans to move ahead with his fracking ban, which would for all intents and purposes have the same effect. After all, virtually 100% of the drilling activity in southeast New Mexico targets the various shale formations in the Delaware Basin, and all shale wells require a frac job in order to be productive. Thus, a ban on fracking is the same thing as a ban on leasing and drilling.
Total job losses for all of Biden’s anti-energy policies could add up to 1 million jobs. (Hat tip: Director Blue.)
in Texas, where small, independent operators play a significant role in oil production, Biden’s policies could pack more of a punch.
Among Biden’s policy proposals:
Required disclosure of climate risks from public companies.
A commitment to end new drilling permits for federal lands.
A pledge to eliminate tax subsidies for the oil and gas industry.
“To the extent that there will be effects, those effects would be felt primarily by smaller producers,” said Sheila Olmstead, professor of public affairs at the LBJ School of Public Affairs at the University of Texas. She served as the senior economist for energy and the environment at the President’s Council of Economic Advisers under President Barack Obama.
Why settle for low-cost, reliable energy sources that provide high-paying, blue collar American jobs when there’s so much virtue signaling and graft to be had in Green New Deal pork?
Greetings, and welcome to another Friday LinkSwarm! Looks like I may have to start doing BidenWatch again, given all the stupid things the newly ensconced Biden Administration has been up to…
US government debt now stands at $20 trillion, or roughly 100% of GDP. This should be a concern, but Democratic economists are not worried. A much-discussed November 30 paper by former Treasury Secretary Lawrence Summers and former Council of Economic Advisors Chairman Jason Furman suggests that Democratic thinking has veered into the paranormal, with an emphasis on levitation. Governments will be able to borrow and spend as much as they want for whatever purpose they want, the authors argue in so many words, and interest rates will remain low forever.
As Washington Post editorialist Charles Lane commented Dec. 7, “Far from burdening future generations, governments have a golden opportunity to fund long-standing needs by borrowing for investments in future prosperity—the list includes child care, early education, job training and clean water.”
The argument so easily refuted by casual reference to the facts that it takes a doctorate from Harvard (which both Summers and Furman hold) to suspend disbelief in the obvious. The authors aver:
We note that with massive increases in budget deficits and government debt, expansions in social insurance, and sharp reductions in capital tax rates, one would have expected to see increasing real rates if private sector behavior had remained constant. We suggest that changes in the supply of saving associated with lengthening life expectancy, rising uncertainty and increased inequality along with reductions in the demand for capital associated with demographic changes, demassification of the economy, and perhaps changes in corporate behavior have driven real interest rates down. This characterization is rather like Hamlet without the Ghost, for the ghost in the interest machine during the past decade has been the Federal Reserve Board’s multi-trillion-dollar purchases of Treasury and agency securities. Summers and Furman do not mention this in their 50-page excursus.
Today, President Biden doubled-down on critical race theory in the federal government.
In response, I am announcing a new coalition of legal foundations and private attorneys that will wage relentless legal warfare against race theory in America's institutions.
Thomas Zimmerman, who will serve as a Special Assistant to the President for Presidential Personnel under Joe Biden, formerly served as a visiting scholar at what the FBI has called a “front group for Chinese intelligence collection and overseas spy recruitment,” The National Pulse can reveal.
While at New York University’s Center on International Cooperation, Zimmerman also served as a fellow at the Shanghai Academy of Social Sciences, flagged by the Federal Bureau of Investigation (FBI) for its close ties to the Chinese Communist Party’s top spy agency, the Ministry of State Security.
The Shanghai Academy of Social Sciences (SASS), which the FBI views as a “front group for Chinese intelligence collection and overseas spy recruitment,” was involved in a 2019 criminal case involving a retired Central Intelligence Agency (CIA) operative selling classified U.S. defense documents to China.
The operative, Kevin Mallory, was contacted by a SASS official via LinkedIn to begin the relationship that culminated in a 20-year prison sentence for Mallory.
It must be understood that Critical Social Justice is an administrative and bureaucratic ideology by its very design. It was formulated by activist academics to train not just activists but, very specifically, either people who will go on to produce the culture industry (like in media and arts) or who will become administrative bureaucrats where they can produce a kind of unaccountable policy that we find in HR departments, where pushback is irrelevant unless it’s from the top down. These sorts of people dream of positions not specifically of power and influence, like the presidency, but of training and administrative roles where they will receive relatively little scrutiny or opposition while they engage in their favorite activity of all: telling other people what to do, not directly, but through a shield of very official and institutionally binding paper.
For any of his late and thin comments about the violence that has rocked our streets for the last half of this year, Biden has given us absolutely no indication that he’s going to resist any of this bureaucratic totalitarianism. In fact, he’s done the opposite, using the language of the ideology, like saying he has a “mandate” from the voters (in an election that hasn’t yet even been decided, two weeks later) to take on “systemic racism,” and tapping individuals like Mehrsa Baradaran (who believes in full reparations) for the Treasury Department and Margaret Salazar (whose focus is on “cultural responsiveness”) for Housing and Urban Development. These come among roughly 500 more appointments to his administrative bureaucracy—so far—who allegedly express a commitment to racial justice, in line with precisely the racial equity programs touted by Biden and Harris on their campaign and now transition websites. In few domains has it been signaled that this will be more powerfully considered than in public health and the Covid-19 response, which Biden has already indicated will lead to a permanent position: “At the end of this health crisis, it will transition to a permanent Infectious Disease Racial Disparities Task Force,” we’re told on the Covid-19 priorities page on Biden’s “Build Back Better” transition site.
This renders Biden and, perhaps, Harris largely irrelevant to the “Woke” impacts of their election. They are, if you’ll accept the metaphor, “not the room.” These administrators are the room. Biden (and Harris, maybe) can be as moderate as moderate gets, and if even a modest fraction of the administrators in key departments favor the Critical Social Justice style of policy, that’s most of what we’ll get. So far, we have reason to suspect that at least an eighth of Biden’s administrative apparatus will be in that vein, including in key and powerful sectors like public health—to say nothing of apparatuses like the FBI.
Tulsi Gabbard reveals why congress won’t attempt to reign in Big Tech:
"It goes to money… Google will have a big reception, members of Congress will go, and then they'll pick up their checks."@TulsiGabbard explains why Congress has failed to act on big tech censorship pic.twitter.com/i7TOJYQ7lv
He was made a martyr. Yes, die-hard anti-Trump Democrats always would hate him, and die-hard pro-Trump Republicans would love him no matter what. But the great American center, comprised of reasonable Democrats and Independents, flocked towards Trump during and after the prior impeachment. They saw he was being railroaded.
He now is being railroaded again. We still all are trees inside the forest, lacking the broader perspective that time will afford. Right now tensions are too high for people to step back a moment and to gauge objectively. But that is only today. The Democrats irresponsibly have just done something that perhaps is all but unprecedented in American history: they charged, tried, and convicted a person — the impeachment phase of the political drama — in less than a day. If impeachments are meant to be fit in during a coffee break, why did the last one drag on so long? Why did Clinton’s and Johnson’s? Last year’s annual Trump impeachment took weeks of testimony from witnesses all over the place. Remember their names — all your favorites — from last time? Kurt Volker. Marie Yovanovitch. Fiona Hill. George Kent. Gordon Sondland. Bill Taylor. Laura Cooper. Alex Vindman. His medals. Catherine Croft. It went on and on and on. If they had not shut it down for Christmas, Kato Kaelin would have been next.
But this time it was Darkness at Noon: instead of pretending honesty, Pelosi and her Democrats did the impeachment as Josef Stalin conducted his show trials in the Soviet Union: first declare the guilt, then type up some charges, and then vote to convict without so much as a meaningful hearing. She did not even bother with the souvenir pens — presumably just ink-refill cartridges this time.
“City councilman in Louisiana arrested for election fraud.” “Louisiana Attorney General Jeff Landry and Secretary of State Kyle Ardoin Thursday morning announced their offices have arrested an Amite City Councilman on eight counts of election fraud. Emanuel Zanders, III is accused of submitting voter registration applications that are known by the person to be materially false, fictitious, or fraudulent.” I know you’ll be shocked to learn he’s a Democrat.
As COVID-19 settled into its new home in NYC, my local coffee shop closed, my gym shuttered, I lost my job at SUNY, and everything I loved was temporarily put “on pause.” A term that nine months later now feels like a cruel joke. None of us knew what we were facing back in March, or how long it would last. The streets became quiet, the city became still. All the sounds, the familiar faces, the busy restaurants, the daily rituals, the very pace of our existence slowed to a full stop. The silence was deafening.
The homeless and mentally ill flourished in my Chelsea neighborhood overnight. Many residents fled our beloved city to safer suburbs and second homes. After a night in the West Village where I saw men looting cars, and a gunpoint robbery happen by the West 4th train station, I no longer felt comfortable here. I decided that I couldn’t abide the lawlessness and my first pandemic at the same time, so I spent the first wave of the pandemic upstate in a guest room at my family’s house, where at least I didn’t have to worry about the crime.
After spending three months in quarantine upstate, I decided it was time to start putting my NYC life back together. The idea of suffering through this time with my closest friends felt like a step in the right direction. Even if we didn’t have our bars and restaurants for an undetermined amount of time, at least we’d have each other.
I imagined my summer would be filled with long walks, bike rides on the West Side Highway, and small gatherings on rooftops. I imagined we’d get over COVID and that the energy of the city would come back slowly over the next six months. I was optimistic, loved my city and loved my life here with all my heart. I hopefully assumed most New Yorkers had the same feelings I did. And then the riots happened.
The dark tone of daily life here now seems permanent. For months after the riots, stores in my area were still being burglarized. The helicopters were so close they would shake my top-floor apartment all night. In peak summer there were always two or three homeless people on both sides of every street in my area. Every aspect of my life became about avoiding them and staying far enough away from anyone who might attack me. Someone broke into my building one night but fled when they accidentally set off the alarm on the roof. The whole summer felt like living in a war zone.
Dating used to be a pleasure for me, but during my summer in Chelsea there were so many stabbings and robberies within one block of my apartment, I no longer felt comfortable making plans that involved meeting anywhere. I’d walk to get coffee in the morning and get harassed and threatened by homeless people every day.
Six months after NYC’s first wave of riots, I was clearly wrong about my hopes of returning to the fast-paced yet wonderful life that I once loved.
The City of Houston wants to regulate your homes for looks. “Everything from what color you paint your home, to whether you put shutters on your windows, would be subject to government control.” Nuts to that.
In the end, it was not the British deep state, Darwinists, Jews, Freemasons or any of the sinister cabals that Adnan Oktar long railed against that defeated him. It was the Turkish judiciary.
On Monday, the notorious 64-year-old preacher, often referred to in salacious headlines as a “sex cult leader,” was sentenced to 1,075 years in jail for crimes including sexual assault, sexual abuse of minors, fraud, and attempted political and military espionage.
It marks the end of a long and bizarre career for the preacher, television host, author and filmmaker.
Beginning his career in the 80s as a firebrand orator, railing against Jews, Freemasons and Charles Darwin, he later became (in)famous for his shows on Turkish TV, in which he would discuss Islamic principles while scantily clad women with bleached blonde hair danced around him to popular music. These women Oktar referred to as his “kittens”.
Skipping over a lot, including the bit where he went from being a Holocaust denier to being a supporter of building the Third Temple in Jerusalem.
In July 2018, Oktar was arrested on a number of charges, including forming a criminal organisation, sexual abuse of children and sexual assault.
According to the Istanbul chief prosecutor’s office, he was caught while attempting to run away from the arresting officers. As he was led away, he told journalists that the charges were a conspiracy by the British deep state.
“They are thinking of covering the whole region with Christianity. They targeted me because they saw me as the effective inhibitor of this game,” he would later say in court.
Though “the British deep state” has yet to officially comment on the case, many have questioned the timing of Oktar’s arrest, considering accusations against him dated back decades.
In 1999, Oktar and a number of associates were arrested and charged with using threats for personal benefit and creating an organisation with the intent to commit a crime. A Turkish prosecutor listed a number of companies tied to BAV, which was accused of using blackmail and sex traps to generate revenue. The legal process against Oktar and BAV lasted two years, during which the majority of the complainants retracted their claims.
In the case file during his most recent trial, prosecutors presented an array of photos depicting sexual acts involving members of the organisation purportedly taken secretly at Oktar-owned properties for the purpose of blackmail. It also revealed WhatsApp messages involving male and female members of the group, in which they were given instructions to get used to anal sex.
Yuksel told MEE that he was aware of a number of senior politicians who had been involved with (or had relatives involved with) Oktar and were compromised by their association with him. However, he declined to offer any names.
In October 2017, the University of Texas at Austin announced that it had signed a new memorandum of understanding with the China University of Petroleum, a school directly affiliated with the Chinese Ministry of Education.
According to a statement released at the time by the Texas Bureau of Economic Geology, the agreement would “encourage academic cooperation through research and study in furtherance of the advancement of learning.”
But in October 2020, the U.S. Department of Education released a report critical of such foreign entanglements, specifically deeming contracts with China University of Petroleum a security risk.
“Academic research regarding oil and gas extraction should not be considered separate from the Chinese government’s geopolitical ambitions,” the Education Department report reads, adding, “China’s largest oil companies are state owned and dominate China’s oil market, so this could cross paths with Chinese government endeavors.”
This is going to be one heck of an interesting case. There are already so many glaring issues (or should I say “targets”?): venue, good faith filing, disclosures, the automatic stay the trustee question, fiduciary duties to pursue claims against insiders, executory employment contracts, the fate of Wayne LaPierre, and the generally overlooked governance provisions of the Bankruptcy Code. I’ll take quick aim at these all below.
Venue. Right off the bat, there’s a question of what the heck the NRA is doing filing in Dallas. The answer is that the NRA is engaged in one of the most blatant forum shopping maneuvers I’ve seen. The NRA is a New York non-profit corporation with its headquarters in Virginia. The NRA is claiming Dallas venue on the basis of an affiliate’s previous filing in the district. In other words, venue is only proper for the NRA if the venue is proper for the affiliate.Therefore, the propriety of the affiliate’s venue is what matters.
The affiliate is a sole-member Texas LLC called Sea Girt LLC that was only created 52 days ago, on November 24, 2020. Sea Girt’s bankruptcy petition indicates that it has less than 49 employees, under $50,000 in assets and between $50,000 and $100,000 in liabilities. Note that the petition form does not have an option of listing “zero” employees. Sea Girt’s petition does not include a completed Form 204, which would list is largest non-insider unsecured creditors. But I’m going dollars to donuts that Sea Girt does not have any outside creditors other than perhaps its law firm, and that it does not actually carry on any business.
Now the bankruptcy venue statute prescribes the appropriate venue as being the district in which the “domicile…of the entity that is the subject of such case [has] been located for one hundred and eighty days immediately preceding such commencement, or for a longer portion of such one-hundred-and-eighty-day period than the domicile … of such person were located in any other district.” So even though Sea Girt LLC has not been in existence for 180 days, the statute still provides for a Texas venue. But the venue here is so obviously contrived and the NRA has no particular connect to Texas, so I expect there to be an attempt to have the case transferred to SDNY.
Good faith filing. A second immediate issue seems to be whether the NRA (and Sea Girt) filed in good faith. Every circuit including the 5th) has a good faith filing doctrine. The doctrine in a nutshell is that if a bankruptcy case does not have a “valid reorganizational purpose,” it should be dismissed “for cause.” Attempting to evade liability in litigation is not a “valid reorganizational purpose,” and the NRA’s press release seemed to me a version of the press release in SGL Carbon, the leading 3rd Circuit good faith filing doctrine case. In SGL Carbon, the debtor foolishly said that it was filing for bankruptcy just to stiff a competitor that had an antitrust suit against it and assured its other creditors that they would be paid in full. That sounds an awful lot like “dumping New York” while saying that all valid claims will be paid in full. (My students might recall me cautioning them that a debtor’s attorneys should insist that they get to sign off on all press releases and communications related to the bankruptcy for just this reason…) Now, the NRA isn’t looking to avoid paying NY. Instead, it is looking to escape NY’s jurisdiction. But that seems a distinction without a difference. It isn’t hoping to use bankruptcy to reorganize its finances, but to get out of the lion cage.
Snip.
Disclosure. Filing for bankruptcy is a bit like entering a fishbowl. Everything is on display. First, creditors are entitled to conduct an “examination of the debtor” under oath at the initial meeting of the creditors (the “341 meeting.”) Additionally, an individual creditor may under Bankruptcy Rule 2004 undertake an examination of the debtor. (And that includes creditors who are creditors by virtue of by claims–that could include gun-control groups among others.) There’s certainly room there for questions that get to the reasons for filing, namely whether there was any financial reason for filing.
Automatic Stay? Another issue is whether the bankruptcy filing will in any way stop the NY AG’s action to dissolve the NRA. At the very least, the automatic stay should not. There is an exception in section 362(b)(4) from the stay for regulatory actions that are not seeking money from the debtor, and the NYAG suit seems squarely in that exception. It’s possible that the NRA will seek a supplementary injunction from the bankruptcy court, however.
Trustee or Conversion. While I would expect a venue motion or a motion to dismiss the case, I would also expect a motion for appointment of a trustee or conversion to chapter 7 (which would trigger a trustee). The NRA seems like a classic case for this—there are credible allegations of serious financial impropriety involving the current management (namely executive VP Wayne LaPierre). That both fits into the “fraud, dishonesty, incompetence, or gross mismanagement” route for a trustee’s appointment, or into the “best interests of the creditors” route. Two key things if a trustee is appointed. First, the trustee will hold the NRA’s attorney-client privilege, not Mr. LaPierre. Mr. LaPierre will not be able to claim privilege for any conversations he had with the NRA’s attorneys. Second, a trustee has every incentive to pursue all of the NRA bankruptcy estate’s claims, including against Mr. LaPierre. That brings us to the next topic, the debtor in possession’s fiduciary duties.
Fiduciary duties. The NRA as debtor in possession is a fiduciary for all of its creditors. That means, among other things, that if the NRA has potential claims against Mr. LaPierre or others, including fraudulent transfer claims, it must pursue them. Mr. LaPierre as EVP cannot decide whether to litigate against himself. If he’s too conflicted, that will mean that the court will either have to appoint a trustee or let a creditors’ committee pursue the claims.
Snip.
The fate of Wayne LaPierre. Putting aside Mr. LaPierre’s employment contract, he’s got another problem. The NY AG suit isn’t just against the NRA. It’s also against Mr. LaPierre and some of his lieutenants. LaPierre and his lieutenants have not filed for bankruptcy, and even if the NRA is able to convert to a Texas corporation, the NYAG’s suit against Mr. LaPierre can still proceed. The NYAG is seeking restitution from LaPierre as well as a bar from his ever soliciting funds for a nonprofit in NY (not just for a NY nonprofit). Moreover, if NY is successful, it might well create problems for LaPierre serving as an officer of a nonprofit in another state. All of which is to say that the NRA fleeing to Texas doesn’t address Mr. LaPierre’s problems.
Once again, LaPierre is the millstone dragging down the NRA. The best outcome would be for the NRA to successfully reincorporate in Texas…but without LaPierre and his cronies bleeding the organization dry.
More than $6 million in taxpayer money flowed to Austin nonprofits affected by the COVID-19 pandemic, but taxpayers might never learn the identities of the organizations that got the money or get a chance to dig into their stated need for assistance.
Citing a little-known state law that government transparency experts are only now learning exists, the city has refused to turn over a list of the 365 nonprofits that were granted the funds.
The $6 million was funneled through the city from the federal government and distributed out of the Austin Nonprofit and Civic Health Organizations Relief fund, more commonly known as the ANCHOR fund.
On Oct. 19, the American-Statesman requested a list from the city of the fund’s award recipients. On Nov. 16, the city denied the newspaper’s request, saying in a letter to Texas Attorney General Ken Paxton that it thought the information was exempt from public disclosure and requested that Paxton’s office affirm that determination.
The law invoked by the city’s legal department, House Bill 3175, went on the books after the 2019 Texas legislative session.
Filed by state Rep. Joe Deshotel, D-Beaumont, the bill made confidential the name and other identifying information of individuals and businesses that apply for state or federal disaster recovery funds. The definition of disaster, as spelled out in the law, includes such things as floods, earthquakes and hostile military action. It also includes epidemics, such as the COVID-19 crisis.
The disclosure of federal relief dollars is not exempted from public records if the money is awarded by the federal government. For example, news organizations, including the Statesman, have obtained through public records the names of businesses that received financial assistance through the federal Paycheck Protection Program.
But under the new state law, Austin was able to withhold the identities of businesses that received assistance from the ANCHOR fund because the money, although originally from the federal government, went to the city before it was distributed to the nonprofits.
I just naturally assume the money was handed out as graft to members of the Homeless Industrial Complex, Greg Casar’s leftwing cronies, and various antifa/#BlackLivesMatter riot instigators (I’m sure there’s a lot of overlap between those categories).
Speaking of the homeless, Austin’s homeless situation continues to get even more out-of-hand. “It’s not uncommon to walk out the door and find a pile of human feces on the patio behind us.”
There’s also a petition drive to recall various City Council members who reinstated the homeless ban. But you have to live in their respective districts to sign the petition.
I know you’re going to be shocked, shocked to find out that the City of Austin give preferential treatment to leftwing businessesin the form of property tax breaks…including one for Mayor Steve Adler’s own law firm.
The National Rifle Association announced Friday that it has filed for bankruptcy and will move out of New York and restructure the organization as a nonprofit in Texas.
The nation’s leading gun rights advocacy group said that the move to Texas will enable the group to “exit what it believes is a corrupt political and regulatory environment in New York.”
“By exiting New York, where the NRA has been incorporated for approximately 150 years, the NRA abandons a state where elected officials have weaponized the legal and regulatory powers they wield to penalize the Association and its members for purely political purposes,” the NRA said in a statement.
New York Attorney General Letitia James filed a lawsuit seeking to dissolve the NRA in August, alleging that senior leaders of the group misused tens of millions of dollars, diverting the funds for personal use and other illegal purposes.
The NRA denied the allegations and filed a lawsuit of its own against James, accusing her of violating the group’s free speech rights and requesting that her investigation be blocked. The move to Texas and restructuring of the group could prevent the New York attorney general from seeking the dissolution of the group.
The group filed Chapter 11 petitions in U.S. Bankruptcy Court in Dallas, listing assets and liabilities of $100 million to $500 million.
There are a lot of good reasons for the NRA to move from New York to Texas apart from the lawsuit (though that’s a pretty big one), but it won’t be restored to a fully functioning organization until Executive Vice President Wayne LaPierre is gone.
The NRA has been in crisis for over a year because LaPierre has engaged in what appears to be systematic looting through contracts to media company Ackerman McQueen and other entities that seem very, very chummy with LaPierre:
This 100-page document…contains unprecedented disclosures of where the money categorized as expenditures for “fund-raising” and “public relations” actually went. For example, it was revealed for the first time the Mercury Group, an Ack-Mac subsidiary run by LaPierre’s closest confidant, Tony Makris, received $5.8 million from NRA in that year; another Makris-run company, Under Wild Skies, got $2.6 million. Meanwhile, NRA has nearly exhausted its $25 million credit line (secured by a mortgage on its headquarters building), liquidated $2 million from an investment fund, borrowed close to $4 million from its officers’ life insurance policy and extracted about $5 million in office rent and overhead from the NRA Foundation.
This, in the same year that NRA’s 10 highest-paid executives received compensation aggregating over $8 million.
Unfortunately, the NRA is structured so that LaPierre has more institutional power than the NRA’s elected President, something Oliver North found out. The NRA needs LaPierre out and a forensic audit to uncover past abuses before gun owners give it another dime. I’ve let my membership lapse because of the crooked self-dealing on display by LaPierre and his cronies, and I suspect there are millions of other gun owners like me. Instead I joined Gun Owners of America, because I know my membership fees won’t be going to line Wayne’s pockets.
No Lawyers – Only Guns and Money has been following every twist and turn of the NRA/LaPierre problems for years, so go over there and start reading if you want all the deep background on the situation.
In the “stop panicking” category: “Statehouse wins position GOP to dominate redistricting“:
An abysmal showing by Democrats in state legislative races on Tuesday not only denied them victories in Sun Belt and Rust Belt states that would have positioned them to advance their policy agenda — it also put the party at a disadvantage ahead of the redistricting that will determine the balance of power for the next decade.
The results could domino through politics in America, helping the GOP draw favorable congressional and state legislative maps by ensuring Democrats remain the minority party in key state legislatures. Ultimately, it could mean more Republicans in Washington — and in state capitals.
By Wednesday night, Democrats had not flipped a single statehouse chamber in its favor. And it remained completely blocked from the map-making process in several key states — including Texas, North Carolina and Florida, which could have a combined 82 congressional seats by 2022 — where the GOP retained control of the state legislatures.
After months of record-breaking fundraising by their candidates and a constellation of outside groups, Democrats fell far short of their goals and failed to build upon their 2018 successes to capture state chambers they had been targeting for years. And they may have President Donald Trump to blame.
“It’s clear that Trump isn’t an anchor for the Republican legislative candidates. He’s a buoy,” said Christina Polizzi, a spokesperson for the Democratic Legislative Campaign Committee, on Wednesday. “He overperformed media expectations, Democratic and Republican expectations, and lifted legislative candidates with him.”
Snip.
The biggest disappointment came in the seat-rich state of Texas, Democrats needed nine seats to reclaim the majority after flipping a dozen in the midterms. Though some races remain uncalled, so far Democrats were able to unseat one incumbent and Republicans offset that with another pickup.
Now Texas Republicans, retaining control of the Senate and the governor’s mansion, will have total authority over the drawing of as many as 39 congressional districts in the state. Democrats fear Republicans will pack and crack the rapidly diversifying suburbs to dilute unfriendly voters. Despite targeting 10 districts, Democrats failed to flip a single targeted seat in 2020 on the current map, which was drawn by the GOP roughly a decade ago.
There are plenty of things to worry about with Democrats control (by the skin of their teeth) the White House, the Senate and the House, but federalism provides strong state power as a counterbalance to the federal government.
A Massachusetts Institute of Technology professor and researcher who has received almost $20 million from the Department of Energy was arrested Thursday after he allegedly failed to disclose ties to the People’s Republic of China.
Mechanical engineering professor Gang Chen faces charges of wire fraud, failing to file a foreign bank account report, and making a false statement in a tax return, the U.S. attorney’s office in Boston revealed Thursday.
Prosecutors allege the 56-year-old professor, who is a naturalized U.S. citizen born in China, has held a number of positions on behalf of the PRC with the goal of promoting China’s technological and scientific capabilities.
They claim he shared his expertise directly with Chinese government officials “often in exchange for financial compensation,” including serving as an “overseas expert” at the request of the Chinese consulate in New York and a member of at least two PRC Talent Programs.
The Department of Energy has given Chen $19 million for research since 2013.
The president didn’t mention violence on Wednesday, much less provoke or incite it. He said, “I know that everyone here will soon be marching over to the Capitol building to peacefully and patriotically make your voices heard.”
District law defines a riot as “a public disturbance . . . which by tumultuous and violent conduct or the threat thereof creates grave danger of damage or injury to property or persons.” When Mr. Trump spoke, there was no “public disturbance,” only a rally. The “disturbance” came later at the Capitol by a small minority who entered the perimeter and broke the law. They should be prosecuted.
Actually, I think it’s been firmly established that the entry into the capitol occurred even before Trump stopped speaking.
Also not so much in the news: Israel launched its biggest airstrike in years against Iranian positions in Syria.
A senior U.S. intelligence official with knowledge of the attack told The Associated Press that the airstrikes were carried out with intelligence provided by the United States and targeted a series of warehouses in Syria that were being used as a part of the pipeline to store and stage Iranian weapons.
The official said the warehouses also served as a pipeline for components that supports Iran’s nuclear program.
Maybe the Islamic Republic of Iran expects that they can just ask the Biden Administration for highly enriched uranium directly…
Total crude oil imported from Saudi Arabia last week: Zero.
Two companies, Google and Apple, each control about half of the smartphone market. So when the two companies made a move against Parler, the conservative social media alternative, it effectively erased its app from existence. Joining the party was a third member of the FAANG Big Tech consortium, Amazon, which deplatformed Parler from Amazon Web Services.
AWS controls a third of the cloud marketplace. Microsoft and Google are in 2nd and 3rd place.
Blocking an app doesn’t permanently kill a social networking service, though it places it at a structural disadvantage, but Apple and Google can flag sites as unsafe through their browsers.
Originally, the social media giant and former favorite platform of President Trump claimed that it was simply a matter of accounts not verifying their information. Twitter claimed that until those accounts did so, they would simply not show upon follower accounts.
Well, the tune has been changed. As most suspected from the beginning, there is actually a widespread deletion of conservative accounts goings on under the guise of them being QAnon related. This has supposedly hit over 70,000 accounts so far.
Let me explain how this works. Basically any small amount that propagated the idea that the election was stolen is going to be lumped in as QAnon and targeted.
I don’t believe in QAnon conspiracies. I do believe the election was stolen.
“The world’s biggest gun forum was booted off the Internet because they can be.” In other news, Go-Daddy sucks. I hope AR15.com files a very expensive lawsuit against them.
Looks like Twitter didn’t quite erase Trump’s tweet history:
Gab CEO Pulls Off The Impossible For Trump… INCREDIBLE!
“Gab CEO completely backed up Pres. Trump’s Twitter account before it was deleted & recreated him on Gab! What’s even more impressive is he did this while traffic was up 700% & under attack..https://t.co/F3olVzPpYy
— Liberty Times & Politics #FreeSpeech (@dmills3710) January 13, 2021
There is a large segment of American society, maybe 15-20%, that has not had a president who represents their basic worldview for decades. These folks tend to be white, exurban or rural, believe in religious tradition and cultural conservatism without being regular church-goers, very patriotic, very pro-military, hostile to immigration and free trade, skeptical of big business, big government, and establishment experts, and in favor of entitlement programs and the safety net…
Ross Perot and Pat Buchanan appealed to this demographic to a large extent. Beyond that, the only major national figure I can think of in my lifetime who more or less represented them was George Wallace.
So along comes Trump who appeals to this constituency almost perfectly. Sure, he’s a rich New Yorker, but his outer-borough accent and mentality, scorned by the elite, reminds people that their own regional accents are also scorned by the elite.
This constituency used to be divided between Republicans and Democrats, which is one reason they lacked influence on presidential nominees, but they have shifted to be heavily Republican, which gave them a lot of influence on the nominating process in 2020 [I think he means 2016 here. -LP], and they chose Trump.
Trump, to almost everyone’s surprise, wins. So how do big government, big business, elite experts and so on, i.e., the establishment, react, from his fans’ perspective? Without even giving Trump a chance, they decree that he is illegitimate, that he needs to be resisted, and that his voters are beyond redemption; “this is 1932 in Germany” was not a rare reaction.
So, from these voters’ perspective, the one time in their lifetimes and much longer a president comes around who really speaks to their worldview, the establishment tries to destroy him. Rather than the anti-Trump sentiment persuading them, it makes them stronger supporters, people who see Trump as their weapon against an establishment that disparages them.
Intel ousts CEO Bob Swan and replaces him with Intel veteran Pat Gelsinger. Intel has stumbled so badly over the last few years that replacing Swan (who has a finance background) is probably overdue. Gelsinger spent 30 years at Intel, some as CTO, so maybe he has a good chance of ironing out their process problems.
Speaking of semiconductors, there’s a global chip shortage going on, with auto makers among the hardest hit. And it’s not from TSMC’s cutting-edge fabs, it’s from older, larger geometry fabs. And dependence on Chinese chips plays a role as well.
Democrats ❤ Communism:
Someone must have pinged @HaroldFordJr during his appearance on @SpecialReport just now and told him that his Mao was showing.
Portland police are taking longer than ever to respond to 911 calls? Just because the ruling democrats hate them and won’t back them up, refuse to charge habitual lawbreakings, and engendered a wave of retirements? Imagine that. (Hat tip: 357 Magnum.)
Burning in Hell watch: Lisa Montgomery, who strangled a pregnant mom to death and cut out her unborn baby to parade around as her own, was executed.
The Texas Public Policy Foundation’s policy orientation session for the 87th Texas Legislature starts today. Tickets for the live event are sold out, but you can still register to livestream the event here.
The event grid can be found here. Keynote speakers include Texas Governor Greg Abbott, Texas Lt. Governor Dan Patrick, Florida Governor Ron DeSantis, Texas Representative Chip Roy, journalist Kimberley Strassel and Kevin Robert, as well as usual TPPF stalwarts like Chuck Devore, Vance Ginn and James Quintero.
A couple of the more interesting panels I will try to catch: the plenary “Election 2020: What Happened and What Does it Mean for the Future?” at 4:30 PM today, “The Reasons Behind the Homelessness Explosion” at 9:45 AM on Friday (might have to catch a recording of that), and “Closing Keynote Luncheon: A Fresh Take: New Members Look Ahead to Congress 2021” with newly minted Texas representatives August Pfluger, Beth Van Duyne, and Tony Gonzales (three of whom you may remember from this ad) as well as California Representative Michelle Steel at 12:30 PM on Friday.
I attended TPPF’s orientation back in 2013, and it’s worth participating in if you’re interested in state politics.
