The Biden recession and other trends made 2023 a horrible year for startups.
“Big startups are shutting down. According to PitchBook, more than 3,000 private venture backed startups failed in the last year.”
“Of the startups raising money, 19% were funded at a lower valuation than in prior funding rounds.”
“38% of VCs disappeared from dealmaking last year and more than a quarter of a million workers at tech companies were laid off over the same period.”
“US corporate bankruptcy filings closed out 2023 with the most filings since 2010. The year has been described as a mass extinction event for startups in the press.”
Some of the startup failures Boyle namechecks (Hyperloop, Bird) seemed like stupid ideas from the git-go. “Bird the electric scooter rental company—which was also supposed to reinvent public transportation—filed for chapter 11 bankruptcy protection. It was the fastest startup to ever land a billion-dollar valuation, and at its peak was worth two and a half billion dollars. It was delisted from the New York Stock Exchange in September after failing to maintain a market cap of above $15 million dollars for 30 consecutive days.”
“Who would have thought that renting scooters to drunk people for a dollar (who would then throw them in a canal on their way home) would be a money losing business? Bird ran up more than $1.6bn in net losses since 2018 before finally running out of money.”
Smile Direct Club: $8.9 billion valuation at 2019 IPO. “The stock fell in value over time as the company proved to be unprofitable year after year. The company shut down last month $900 million dollars in debt.”
One I never heard of: “The health tech startup Olive AI which reached a peak valuation of $4 billion dollars in 2020 driven by the need for automation in healthcare during the pandemic. The company raised over 900 million dollars from investors. In 2022 the company began laying off staff citing ‘tough economic conditions.’ The company was allegedly trying to raise money when it abruptly shut down in November. Going out of business in 2023 was particularly surprising for a company with AI in its name.” Indeed, AI seems to be the current space where stupid money goes to die.
Another one I never heard of: Zume.
No.
“Zume – the robot pizza delivery company which had raised $445 million dollars in VC funding, the majority of which came from SoftBank in 2018 at a two and a quarter billion-dollar valuation, shut down this summer.” Stupid, but at least I can see why California companies would invest heavily in food automation with that $16 (and rising) minimum wage.
WeWork “set out to revolutionize office real estate – by having an app – which I’m told didn’t work very well, and free beer on tap filed for bankruptcy in November.” I’ve covered WeWork previously.
“WeWork and its founder Adam Neumann were the poster boys of how a blitzscaled business model led by a charismatic founder could apply a veneer of technology to an old business idea and attract venture capital funding to achieve a multibillion dollar valuation.”
“At its peak, WeWork was valued in private markets at $47 billion dollars. Softbank alone invested 16 billion dollars into the company. Masayoshi Son, SoftBank’s founder, allegedly invested his first $4.4 billion dollars in the shared office space company after Neumann gave him a 12-minute tour of a WeWork in 2016. With such a short tour, it’s unlikely that the free beer even had an impact.”
“Softbank – run by Masayoshi Son (Japan’s Cathie Wood) was one of the biggest startup investors in the last decade. They invested in all sorts of non tech companies that were made to look like tech in order to attain a sky-high valuation. According to Bloomberg, the SoftBank Vision Fund alone lost $53 billion dollars over the last two years on startup investments.”
“We have seen a very difficult period for startups over the last year or two, but it comes in the wake of probably the best period for VC backed startups in decades. During the decade from 2011 to 2021 VC investment in private start-ups grew more than sevenfold, from 46 billion dollars in 2011 to $345 billion dollars in 2021.”
“In 2022 when the federal reserve began hiking interest rates, this money began drying up as investors lost their taste for unprofitable, but high growth, investments.”
That investment boom was driven by two things: Low interest rates and “a recent history of profitable exits from VC funded startups like Facebook, Google, Whatsapp and Snap meant that investors were suddenly paying a lot of attention to tech startups – hoping to repeat those successes.”
“Venture capital went from being a small asset class run out of offices on Sand Hill Road that had burned investors in the dot com bubble to a massive global asset class like hedge funds or private equity.”
The Flu Manchu lockdowns brought investment from “‘working from home’ companies like Zoom and Peloton.” I always thought of Peloton as a lifestyle luxury brand.
“People were using apps like Uber and DoorDash for food delivery, and booking rentals on Airbnb to get out of big cities now that they no longer had to turn up in the office.”
“While the prior wave of profitable high growth tech stocks had been (one way or another) in the advertising space, or in businesses like cloud computing, the new wave of startups had untested business models—gig economy businesses which attracted a lot of competition and might never flip to profitability—or robot-made pizza which would be cooked on route to a customer’s home.”
“A lot of the VC’s possibly believed in many of the questionable investments that have since gone bust, but a venture capital fund isn’t really there to hold on to these investments until the underlying business flips to profitability. They invest at the idea stage with the goal of selling these businesses on to the public when the hype is at its peak.”
“They did manage to unload a number of the biggest flops like WeWork – but not at the valuations they were hoping for, and have found themselves holding the bag on a lot of investments that they bought into at peak valuation.”
“The huge valuations many of these companies were attaining in the private market may have been more of a function of how much money had flowed into the private tech startup market since 2011 rather than necessarily reflecting the quality of these companies and their business models.”
“According to Erin Griffith at The New York Times, $27.2 billion dollars in VC funding had gone into the 3,200 venture-backed companies that went out of business in the first 11 months of 2023.” And that’s just the firms trackable on PitchBook. The true total is almost certainly higher.
“That 27.2 billion dollar number excluded many of the largest startup failures that went public, like WeWork, or that found buyers at much lower prices than VC investors had invested at.”
“The hype around AI that we have seen in the last year has masked a lot of the losses in the tech space.”
“Meta was up 178 percent last year due to a combination of AI hype and cost cutting within their core business. This covers up the 46.5 billion dollars lost on the Metaverse – which no one will venture into, for fear that they run into Mark Zuckerberg.” I strongly suspect that a lot of those VR losses are actually money siphoned off for something else.
Despite this, stocks like Meta, Microsoft and Nvidia have hit all-time highs.
“One of the negative economic effects of startup shutdowns is that in such an environment it becomes harder for founders with good business ideas to get funding.”
“According to PitchBook, the number of active investors in US Venture Capital, which was defined as firms that made two or more deals in the last year, plummeted by 38% in the first three quarters of 2023 compared to the same period the prior year.”
Many of the startup failures were zombie companies, those that should have failed earlier but were kept alive by VC money and low interest rates.
“No one wants to see firms going out of business, especially startups which are often the most exciting and innovative firms, but if a business model makes no sense, or only works in a zero-interest rate environment, then its disappearance means that capital can again flow in the direction of the best businesses.”
The startup bust has direct negative effects on me personally, as I’m still between technical writing positions, and a lot of the jobs I’ve gotten over the past two decades have been with startups.
There was a December story I never got to cover properly, and that was my delight over Bird Scooter’s bankruptcy.
Electric scooter company Bird Global announced Wednesday that it has filed for bankruptcy protection in an attempt to stabilize its wobbly finances.
The move marks a sobering comedown for a formerly high-flying startup that was trying to make it easier to get around big cities in an environmentally friendly way with its fleet of electric scooters. The concept attracted about $500 million in investments from prominent Silicon Valley venture capital firms such as Sequoia Capital and Accel Partners before becoming a publicly traded company in 2021.
The things have been annoying ubiquitous in downtown Austin, from Bird and other firms like Lime.
Now, the Miami-based company finds itself struggling to survive after losing more than $430 million since the end of 2021.
Bird has lined up $25 million in financing from MidCap Financial, a division of Apollo Global Management, as it tries to reorganize under Chapter 11 bankruptcy protection in Florida.
Michael Washinushi, Bird’s interim CEO, predicted the company will be able to bounce back and continue its “mission to make cities more livable” by providing vehicles that don’t clog the roads nor burn fuel. But investors seemed doubtful as Bird’s stock lost nearly 80% of its remaining value Wednesday to close at 8 cents per share, a far cry from its price of about $154 at the end of 2021.
I have no objections to electric scooters themselves, or even renting electric scooters. What I object most strenuously to is the business model Bird and their ilk have pursued, which is: Just leave your scooters any damn place and we’ll pick them up later.
This is an abuse of both the commons and any patches of private property these scooter-renting Eloi happen to leave their discarded vehicles scattered onto. We have laws against littering, and they should apply equally to people who dump these things on lawns and sidewalks.
Bird and their ilk seem both a sneaky assault on private property, and an ill-considered investment scheme of companies trying to gin up a new market far in advance of real demand, much like WeWork. And this “ride sharing” idea already failed miserably in China with multiple non-electric bike startups going bust and leaving behind mountains of unused bikes.
Thanks to their abuse of the commons, Bird deserves to go bust.
And now a bonus Family Guy clip:
(Note: BlueHost is still going dog slow. I’ll try to chat with someone there tomorrow.)
The Wuhan Cornavirus shutdown may kill off a lot of legacy media. No one is going to be sad to see Buzzfeed die, but the Chicago Tribune is another thing. Still, for the last twenty years or so, newspapers have had a chance to choose to be profitable or liberal, and an overwhelming majority choose liberal.
Airlines are farked. United “will fly fewer people during all of next month than on a single day in May 2019.”
Know who else is screwed? China. Not just from the lies and the virus and the killing and the GLAVIN, but also the $1 trillion bursting debt bubble of their smoke and mirrors economy.
668 sailors infected with the Wuhan coronavirus on France’s Charles de Gaulle aircraft carrier. The de Gaulle has had numerous maintenance issues over the years, but last year it helped fly strike packets against the last remnants of the Islamic State at Baghuz Fawqani.
Speaking of China and aircraft carriers, a Chinese naval group featuring the Shandong, their newest carrier, is carrying out maneuvers near Taiwan.
Among the complaints was that Whitmer had prohibited sale of seeds and other garden supplies, at a time when vegetable gardens need to be planted. Executive Order 2020-42 is titled, “Temporary requirement to suspend activities that are not necessary to sustain or protect life,” and is quite specific about which activities are and are “not necessary.” Stores with “more than 50,000 square feet” (e.g., Walmart, Lowes, Home Depot) are ordered to close areas of the store “by cordoning them off, placing signs in aisles, posting prominent signs, removing goods from shelves, or other appropriate means” that sell carpet or flooring, furniture, and “garden centers and plant nurseries.” So if Grandma went to Walmart for groceries and hoped to pick up some tomato plants or cucumber seeds while she was there — sorry, Grandma! You could get a thousand-dollar fine and 90 days in jail for disobeying Whitmer’s orders.
Posting photos from a Walmart in Grand Rapids showing the now-banned seeds cordoned off with yellow tape, one Twitter user declared: “@GovWhitmer has banned us from growing our own food. This is [bleeping] insane.” Another user posted a photo indicating that it’s now apparently forbidden to sell American flags in Michigan. Barbecue grills, lawn chairs — anything in the garden section is now streng verboten in Michigan. References to Whitmer as a “dictator” proliferated on social media over the weekend, as Michigan residents came to grips with the consequences of the governor’s draconian order.
“The Only 2016 Campaign That Deliberately Colluded With Russians Was Hillary Clinton’s”:
or more than two years, the campaign, presidential transition, and official government administration of Donald Trump operated under a cloud of suspicion that they had engaged in a treasonous conspiracy to steal the 2016 election from former secretary of state Hillary Clinton. Trump and his top associates were accused of collusion and of conspiring with the Russians to subvert American democracy.
The former director of the Central Intelligence Agency publicly declared Trump to be guilty of treason, an offense punishable by death. The former head of the Federal Bureau of Investigation, the country’s premier law enforcement agency, intimated that the president had illegally obstructed justice.
In the end, none of it was true. After a nearly two-year-long investigation that issued 2,800 subpoenas, interviewed 500 witnesses, and used nearly 300 wiretaps and pen registers, Special Counsel Robert Mueller concluded that there was no evidence of collusion by Trump or his associates.
But that doesn’t mean 2016 was free of Russian collusion. To the contrary, there is clear evidence that a 2016 presidential campaign willfully and deliberately colluded with Russians in a bid to interfere with American elections. It wasn’t Trump’s campaign that colluded with shady Russia oligarchs and sketchy Russian sources to subvert American democracy: it was Hillary Clinton’s.
In fact, the entire Russian collusion conspiracy that held the nation hostage for more than two years was the brainchild of a foreign national who was working on behalf of a sanctioned Russian oligarch with close ties to the Kremlin. At the same time he was telling the media that Trump was the undisclosed agent of Russia, that foreign national was lobbying the U.S. Department of Justice (DOJ) to ease up on his Russian benefactor.
As it turns out, the DOJ official being lobbied was the spouse of one of that foreign national’s co-workers at the firm that hired the two of them to foment Russian hysteria on behalf of the Clinton campaign. And in a twist almost too absurd for even the most bizarre Franz Kafka novel, that firm was itself working on behalf of a Russian billionaire’s corporation that had been charged by U.S. federal prosecutors with illegally evading U.S. sanctions.
Feverish Wuhan coronavirus-infected Fredo Cuomo breaks quarantine and complains that he’s not allowed to punch strangers out because he’s a celebrity.
Black Georgia State Democratic Rep. Vernon Jones says he’s going to vote for President Trump. “President Trump’s handling of the economy, his support for historically black colleges and his criminal justice initiatives drew me to endorse his campaign…When you look at the unemployment rates among black Americans before the pandemic, they were at historic lows. That’s just a fact.”
A rule published Monday bars migrants from seeking asylum in the United States if they’ve traveled through another country first.
Tens of thousands of migrant families from Central America travel through Mexico to the U.S. each month, many claiming asylum. The Trump administration claims families are taking advantage of legal loopholes it says allow migrants a free pass to the country while they wait out phony asylum requests.
The DOJ’s statement documents one particularly horrifying murder that some of the gang members are charged with where a rival gang member “was abducted, choked, and driven to a remote location in the Angeles National Forest” where he was “dismembered, and his body parts were thrown into a canyon after one of the defendants allegedly cut the heart out of the victim’s body.”
I didn’t initially buy into this business about how Trump’s often-unorthodox tweets and actions are part of a political 3D chess game he’s playing while the rest of the country is playing checkers.
But I do now.
I could go through a lengthy punchlist of examples of Trump statements and moves that prove the 3D chess theory, but that would dramatically overtake the space this column has to offer. Instead, let’s just talk about this weekend’s flare-up over the president’s Twitter outburst aimed at The Squad — the four idiot freshman Democrat congresswomen, led by Alexandria Ocasio-Cortez and Ilhan Omar, who have spent their time as elected officials offering one inappropriate and stupid anti-American outburst after another.
Trump didn’t initially name any of the four. He didn’t talk about Omar or Ocasio-Cortez, and he didn’t talk about Ayana Pressley or Rashida Tlaib.
Instead he referred to “Progressive” Democratic congresswomen, and then noted that they “originally came from countries whose governments are a complete and total catastrophe, the worst, most corrupt and inept anywhere in the world (if they even have a functioning government at all), now loudly and viciously telling the people of the United States, the greatest and most powerful Nation on earth, how our government is to be run. Why don’t they go back and help fix the totally broken and crime infested places from which they came. Then come back and show us how it is done. These places need your help badly, you can’t leave fast enough. I’m sure that Nancy Pelosi would be very happy to quickly work out free travel arrangements!”
This was decried by all the Usual Suspects as an abjectly racist statement, a response that Trump certainly anticipated and couldn’t care less about. Even some weak-kneed Republicans thrashed about in paroxysms of self-righteousness about how Trump could possibly be so bigoted and insensitive in calling out The Squad. After all, three of the four were born in this country!
But Omar wasn’t.
Omar is from Somalia. Omar is quite possibly here in this country after having committed immigration fraud. There has been a quite credible, perhaps even convincing, case made that Ilhan Omar married her biological brother in furtherance of that immigration fraud. And Ilhan Omar has not stopped making incendiary anti-American and pro-Muslim Brotherhood statements since she entered public life.
Absolutely everything Trump said in his tweets applies perfectly and without stipulation to Ilhan Omar.
The fact that he didn’t use her name meant that our political betters immediately assumed he was also talking about Pressley, Tlaib and Ocasio-Cortez.
Which bothered Trump not one bit.
Paragraphs on the unpopularity of Omar and Ocasio Cortez with actual voters (which I covered here) snipped.
So what do you do if you want to ensure Omar and AOC poison those so-called moderate Democrats who won those swing House districts last year?
You force Pelosi into bed with them.
Which is precisely what Trump has done.
The Democrat leadership immediately, reflexively, lined up behind The Squad after an entire week of slapping them down. Al Green, a Democratic congressman from the slums of Houston, is now attempting to use Trump’s tweets as a fresh justification for impeachment, which is all Al Green does in Congress. There will be a House resolution condemning the president’s comments as racist, on which Pelosi has put her stamp of approval, and another seeking to formally censure Trump.
All of this is precisely what Trump wanted. And he proved it by doubling and then tripling down on his statements Monday, first unleashing a new set of tweets mostly quoting Lindsey Graham, who had partially rebuked the president for getting too personal about The Squad in his complaints, and then popping off in a Rose Garden press avail with comments directly eviscerating Omar in a way I can’t remember ever having seen a president do to a member of Congress. Which was glorious, by the way, and if you haven’t seen the video you owe it to yourself to watch it.
Don’t think for one second that Trump doesn’t absolutely love this fight. He is a pig in slop at this point. Trump will continue forcing Pelosi and her leadership team into bed with The Squad from here all the way to Election Day, and when he’s through he won’t just win reelection in a landslide but he’ll also take away every single one of those swing districts.
The four — AOC, Tlaib, Pressley, Omar — have no clout in the Democratic caucus. But because of the confrontations they have caused and the controversy they have created, they have a massive media following.
Paradoxically, their interests in winning cheers as the fighting arm of the Democratic Party coincide with the interests of Donald Trump. He entertains and energizes his base by answering in kind their attacks on him and by adopting incendiary rhetoric of his own. He is now assuming the old “America! Love it or Leave it!” stance in going after the four women as anti-American ingrates.
They, by calling Trump a criminal, racist and fascist for whom impeachment proceedings should have begun months ago, elate and energize the outraged left of their party.
Among the presidential candidates, some have begun to side with the four, with Bernie Sanders saying Pelosi has been “a little” too tough on them.
On “Meet the Press,” Bernie added: “You cannot ignore the young people of this country who are passionate about economic and racial and social and environmental justice. You’ve got to bring them in, not alienate them.”
Trump’s Sunday attack forced Pelosi to stand with her severest critics, and she re-elevated the race issue with this tweet: “When Trump tells four American Congresswomen to go back to their countries, he reaffirms his plan to ‘Make America Great Again’ has always been about making America white again.”
Do Democrats believe that refighting the racial battles of the 1960s that were thought to have been resolved is a winning hand in 2020?
Does Pelosi think that demeaning white America is going to rally white or minority Americans to Democratic banners?
(Caveat: Patrick Buchanan.)
Democrats tell Jake Tapper off the record that Trump snookered them into embracing The Squad. “And they have to pretend that their party is unified because of their fear of being challenged in primaries by radicals with the support of Saikat Chakrabarti, Ocasio-Cortez’s Svengali chief of staff and the brains behind the Justice Democrats.”
Chakrabarti’s previous HQ was a Knoxville address out of which the Justice Democrats and another PAC operated side by side with a dozen congressional campaign committees. This arrangement flouted a variety of campaign finance laws and prompted several Federal Election Commission complaints, including one alleging that Chakrabarti set up a $1 million slush fund. But this sort of skullduggery is standard practice among Democrats. What exacerbated the already tense atmosphere in their House caucus was Chakrabarti’s response to the $4.6 billion border aid package passed by Congress last month. On June 27, he took to Twitter and berated the Democratic leadership for its shortcomings:
As usual, Dem leadership tried to create a pre-watered down border bill because of a mistaken idea that it’s more “viable.” And they lost to McConnell anyway. This is the entire theory of change that never works. Why not start from your strongest negotiating stance?
Predictably, this presumptuous tweet drew a number of angry responses from various Democrats who had voted for the measure, whereupon Chakrabarti once again betook himself to Twitter and proceeded to accuse his critics of racism:
Instead of “fiscally conservative but socially liberal,” let’s call the New Democrats and Blue Dog Caucus the “New Southern Democrats.” They certainly seem hell bent to do to black and brown people today what the old Southern Democrats did in the 40s.
Chakrabarti later deleted that tweet, but not before it had clearly signaled who actually calls the shots in AOC’s office.
Snip.
Chakrabarti’s Justice Democrats PAC is also taking fire from the Congressional Black Caucus (CBC). The Hill reports, “Congressional Black Caucus members are furious at Justice Democrats, accusing the outside progressive group … of trying to oust lawmakers of color, specifically African American lawmakers.” The PAC evidently plans to primary at least six CBC members who occupy safe Democratic seats simply because they don’t lean far enough to the left. Chakrabarti is clearly using his position as AOC’s chief of staff to engineer a hostile takeover of the Democratic Party. He said as much during an extensive profile for The Washington Post Magazine:
To me, there wasn’t a difference between working for her and working for the movement … The whole theory of change for the current Democratic Party is that to win this country we need to tack to the hypothetical middle … you don’t take unnecessary risks, which translates to: You don’t really do anything.
Chakrabarti doesn’t see himself as a mere staffer in some congresswoman’s office. He sees AOC as someone who provides him with a headquarters from which he can “fundamentally change” the Democratic Party.
Speaking of The Squad, The Minneapolis Star Tribuneactually reports on allegations against Omar: “New investigative documents released by a state agency have given fresh life to lingering questions about the marital history of Rep. Ilhan Omar and whether she once married a man — possibly her own brother — to skirt immigration laws.”
Powerline, which has been following the story the media wouldn’t, has still more:
In 1995, Ilhan entered the United States as a fraudulent member of the “Omar” family.
That is not her family. The Omar family is a second, unrelated family which was being granted asylum by the United States. The Omars allowed Ilhan, her genetic sister Sahra, and her genetic father Nur Said to use false names to apply for asylum as members of the Omar family.
Ilhan’s genetic family split up at this time. The above three received asylum in the United States, while Ilhan’s three other siblings — using their real names — managed to get asylum in the United Kingdom.
Ilhan Abdullahi Omar’s name, before applying for asylum, was Ilhan Nur Said Elmi.
Her father’s name before applying for asylum was Nur Said Elmi Mohamed. Her sister Sahra Noor’s name before applying for asylum was Sahra Nur Said Elmi. Her three siblings who were granted asylum by the United Kingdom are Leila Nur Said Elmi, Mohamed Nur Said Elmi, and Ahmed Nur Said Elmi.
Ilhan and Ahmed married in 2009, presumably to benefit in some way from a fraudulent marriage. They did not divorce until 2017.
Democrats have defined racism down yet again. “Thirty-two percent (32%) of Democrats, however, say it’s racist for any white politician to criticize the political views of a politician of color. So being a ‘politician of color’ means that your views are immune to disagreement. Unless–once again–you are a Republican.”
The point is, apparently, Democrats are sick of thinking about that guy, the “guy in a diner in rural” whatever. Once they were safely stowed in a basket — a basket of deplorables — and that worked out so disastrously that the reaction could be to obsess over these imaginary people. Are Democratic Party candidates expected to actually venture into the hinterlands? No, they’ll just worry about those people, and then they come to Madison (where I live) or Milwaukee to try to score enough votes to outnumber those diner people. That’s what Democrats do to win Wisconsin.
Planned Parenthood head ousted over refusal to back transsexual abortions. Tranny madness is going to take out the entire leftwing establishment by insisting that every member must forthrightly declare that 2+2=5.
The Amazon pullout of Seattle continues. The corporate giant announced on Tuesday that it is going to build a 43-story tower in Bellevue.
It will be Amazon’s tallest building anywhere in the world, and it will be the tallest building in Bellevue, which has more than a few skyscrapers. Several thousand employees will be able to work there. So it looks like this is another part in the saga of Amazon leaving Seattle. All of this is because we have a city council and a mayor who have gone fanatic about socialism. They keep pushing anti-business policies.
What this means for the downtown Seattle real estate market is that when the economy inevitably starts to turn, it will be cataclysmic. When you have one company that takes up so many thousands of square feet of downtown real estate, and that company moves out, real estate prices will fall.
I don’t know when this is going to happen, but I am very confident in my analysis; Seattle will fall harder than any other city in the country. This is because Seattle has been the craziest in its Leftist run-up during this boom economy that we’re enjoying right now.
We already have so many businesses on the brink of survival because of the minimum wage because of all of the controlling policies the city government keeps imposing. When the businesses start toppling, you’re going to see all the support industry in downtown Seattle — the food service, etc. — fall hard, too.
The Amazon pullout of Seattle is another dramatic sign that when the people who drive our economy, our tax revenue, our job creation are out because of our politics, it’s time to change our politics.
In addition to his sexual predation with “tweens and teens,” Epstein pursued ambitious, beautiful New York City women in their 20s in the early 2000s, some of them ex-models seeking a professional afterlife. To this woman, and others, Epstein introduced himself as the owner of a hedge fund with clients investing $1 billion or more. He kept his child molestation secret, and came off as a gentle, erudite recluse. He was often at movie premieres, sometimes with a blonde on each arm—a blonde of legal age, but still, as noted this week by David Boies, usually under 25 years old. His predation had not been reported to the police yet, but there were indications that he was somewhat different than most mature men his age. Eleanora Kennedy, the elegant wife of powerhouse lawyer Michael Kennedy, recalls asking Epstein to underwrite a premiere party at the Metropolitan Club for The White Countess, a Merchant Ivory film released in 2005. “I got him on the phone and explained that the event was also a benefit for a women’s medical center conducting a study about menopause,” says Kennedy. “As soon as I said ‘menopause,’ he said, ‘Ms. Kennedy, if you don’t say that word again, I’ll send you a check for $10,000.’”
Like most of the older men who date young women, Epstein seemed to take great pride in his behavior. He seemed to desperately want other important men to perceive him as a great lothario, Genghis Khan in a monogrammed sweatshirt. A former model who was on Epstein’s 727 shortly after she graduated college recalls him taking her and some older men on a tour to show off his custom-designed, padded floors. “When I saw that I thought, Wow, rich people are weird,” she says. “I was so stupid and naïve—Why are padded floors cool? I was too young to get it.” The men simply laughed and winked, joking with each other that Epstein padded his floors so that he could have sex on the floor at 10,000 feet.
Also: He liked to keep his bedroom at 54°F when slept.
Media unveils bombshell report of Trump hanging out with Jeffrey Epstein…in 1992.
Yes, that’d be 27 years ago, before Epstein was even known to have done anything illicit. So apparently, Trump is guilty by association because he couldn’t see into the future and know that Epstein would abuse women some years later. In fact, Epstein did not even own his “pedophile island” in 1992, nor are there currently any victims dating back to that time.
The sexual assault charges against Kevin Spacey have been dismissed. The case, which involved Spacey allegedly groping an 18-year old man, evidently had multiple problems and fell apart when the accuser refused to testify. This is the only one of some fifteen accusers (one as young as 14) who alleged Spacey did something sleazy with them.
Related: CNN reporter asks a panel of women to comment on President Trump’s “racist” tweets. Their reply: “It’s not racist.” Including a legal immigrant.
None of these women, including a legal immigrant, think the president's comments were racist.
“Billionaire investor Peter Thiel says one reason for Google aiding in the transfer of AI technology to the Chinese military in favor of America is that “woke” Google employees are anti-American and prefer China to the U.S.”
In addition to being a corrupt scumbag, the Governor of Puerto Rico is also a bit of an asshole. (Hat tip: Dwight.)
Today’s stupid ecoscam headline: “Streaming Online Pornography Produces as Much CO2 as Belgium.” From the comments: “If we had a global referendum on whether we’d rather have porn or Belgium, I wouldn’t bet on Belgium.”
#TeamCocaineMitch is already throwing down on Democratic opponent Amy McGrath:
Wes Pruden, editor of the Washington Times, RIP. I like the cut of his jib:
He was the last of the old-time newspapermen, and the word “journalist” was prohibited from appearing in the pages of the Times during his tenure as editor-in-chief.
That rule was one of several variations from the AP Stylebook known as “Prudenisms,” reflecting Mr. Pruden’s preference for plain English and his hostility to euphemism, jargon and lazy writing. For example, “controversial” was prohibited, as were “alleged,” “allegation” and “allegedly.” If someone was accused of wrongdoing, then you had to cite a source making that charge, rather than just saying the person allegedly did whatever it was. Also, under Mr. Pruden’s rules, “gay” was not an acceptable synonym for homosexual, which meant that, as an assistant editor on the national desk, I had to change this in AP wire stories.
The Times used courtesy titles, so the President would be “Mr. Trump” and the Speaker of the House “Mrs. Pelosi” on second reference, and we were not allowed to use “Ms.,” so that on second reference a certain New York Democrat would be Miss Ocasio-Cortez. Also, we did not use “Dr.” as the honorific for a Ph.D., but only for an M.D. This was because doctorate degrees were a dime a dozen in D.C., and even many high-school principals could demand a “Dr.” if we ever let that get started. This particular Prudenism really ruffled the feathers of James Dobson of Focus on the Family, who had a Ph.D. in psychology and always insisted on being called Doctor Dobson, but the editor’s rule was unbending and on second reference he was always “Mr. Dobson.” I seem to recall Ralph Z. Hallow on the phone with Dobson’s people, getting an earful of complaints about this, as the “Doctor” thing was part of Dobson’s brand, as it were, but it was Mr. Pruden’s paper, and complaints were useless.
Some of my colleagues at the paper grumbled about Mr. Pruden’s curmudgeonly ways, but having an old-fashioned editor was in many ways a great blessing, because he was utterly invulnerable to any kind of political correctness or manufactured “controversy.” Of course, every liberal on the planet hated the Washington Times, so there was never any shortage of “activist” types indignant about our coverage, but there was no pressure they could bring to bear on Mr. Pruden that would make him flinch. A reporter whose story touched off a firestorm of outrage knew that, as long as he had the facts right, Mr. Pruden had his back. As long as the Old Man was happy with your work, it didn’t matter who else might be angry about it. He had courage, and a sense of honor.
Bird, an electric scooter sharing startup, lost $100 million over three months. On behalf of every Austinite who’s driven downtown recently, I’d just like to say:
A reminder from 50 years ago: Don’t drink and drive. And if you do, don’t leave the scene of the crash to flee. Especially if there was another passenger in the car. Especially if it’s underwater…
"We are doing a film of the musical 'cats'" "Why" "Shut up" "Are they going to look like cats or humans?" "Fuck you" "Are you ok?" "Cats with avatar human faces" "Why" "Fuck you" pic.twitter.com/dm3ooobmMt
Are we supposed to have Strong Opinions and Takes of Elevated Temperature over the fact that President Donald Trump has cancelled the summit with North Korea? Because the MSM certainly seems to have no shortage of such takes, despite the fact that Scott Adams (who keeps explaining President Trump’s persuasion techniques again and again to a press that refuses to listen) called it a month ago:
It isn’t just that liberals, the MSM and #NeverTrump hate President Trump, it’s that they hate him with such a blinding, all-encompassing rage that they refuse to learn from their mistakes and keep making the same ones over and over again…
President Trump’s immigration crackdown is forcing companies to actually hire women.
The children of the ’60s — you know, the hippies — and their ideological offspring in academia, politics, and, most especially, the media, are now not only okay with a sitting president’s weaponizing the intelligence community against a rival presidential campaign; they are all rolling over like whipped dogs to believe everything the intelligence community tells them, most especially when it is coming from the CIA — the CIA! — and the FBI.
Basically, Trump has driven the hippies and their offspring so crazy they are not only A-okay with the CIA’s spying on American citizens, totally cool with FBI spies infiltrating a rival campaign, and feeling warm all over about wiretaps, unmasking, and lying to federal judges, they do not want any of this investigated.
The other day, Carl Bernstein of Watergate fame was on CNN fuming over the fact that there will now be an investigation of the Obama administration, the Department of Justice, the CIA, and the FBI, after it was discovered they are all guilty of spying on the political rival of a sitting president.
Carl freakin’ Bernstein does not want the watchmen watched. Carl freakin’ Bernstein is swallowing every treat being fed to him by the CIA — the CIA! — and the FBI. Carl freakin’ Bernstein does not want an investigation, does not want to learn anything more than what he is being told (by the CIA!), and does not want the public to know anything more.
Bird is an annoying “scooter sharing” startup plaguing a few cities. Turns out that a recharging reward makes it even more annoying than it sounds, with rechargers gaming the system for maximum rewards by hoarding scooters. (Hat tip: Ann Althouse.)
It was common knowledge in Hollywood that my grandfather, the director John Farrow, was a notorious drinker and serial philanderer. There were numerous alcohol-fueled arguments between her parents, and Mia told me that she was the victim of attempted molestation within her own family. Her brother, my uncle John, who visited us many times when we were young, is currently in prison on a conviction of multiple child molestation charges. (My mother has never publicly commented on this or expressed concern about his victims.) My uncle Patrick and his family would often come by, but those visits could end abruptly as Mia and Patrick would often wind up arguing. Patrick would commit suicide in 2009.
My mother, of course, had her own darkness. She married 50-year-old Frank Sinatra when she was only 21. After they divorced, she moved in to live with her close friend Dory Previn and her husband André. When my mother became pregnant by André, the Previns’ marriage broke up, leading to Dory’s institutionalization. It was never spoken of in our home, of course, and not even known to me until a few years ago. But, as I look at it – as a licensed therapist as well as an eyewitness – it’s easy to see the seeds of dysfunction that would flourish within our own home.
It was important to my mother to project to the world a picture of a happy blended household of both biological and adopted children, but this was far from the truth. I’m sure my mother had good intentions in adopting children with disabilities from the direst of circumstances, but the reality inside our walls was very different. It pains me to recall instances in which I witnessed siblings, some blind or physically disabled, dragged down a flight of stairs to be thrown into a bedroom or a closet, then having the door locked from the outside. She even shut my brother Thaddeus, paraplegic from polio, in an outdoor shed overnight as punishment for a minor transgression.
Snip.
The summer between first and second grades, she was having new wallpaper installed in the bedroom I slept in, across the hall from hers on the second floor of the Connecticut house. I was getting ready to go to sleep, when my mother came over to my bed and found a tape measure. She gave me a piercing look that stopped me in my tracks and asked if I had taken it, as she had been looking for it all day. I stood in front of her, frozen. She asked why it was on my bed. I told her I didn’t know, that perhaps a workman had left it there. She asked again and again and again.
When I didn’t give the answer she wanted, she slapped my face, knocking off my glasses. She told me I was lying and directed me to tell my brothers and sisters that I had taken the tape measure. Through my tears I listened to her as she explained that we would rehearse what should have happened. She would walk into the room and I would tell her I was sorry for taking the tape measure, that I had taken it to play with and that I would never do it again. She made me rehearse it at least a half-dozen times.
That was the start of her coaching, drilling, scripting, and rehearsing – in essence, brainwashing. I became anxious and fearful. Once, when I was given a new pair of jeans, I thought they would look cool if I cut off a couple of the belt loops. When Mia saw what I had done, she spanked me repeatedly and had me remove all my clothing, saying, “You’re not deserving of any clothes” and making me stand naked in the corner of her room, in front of my older siblings who had just returned from dinner with their father André.
Plus how Farrow had drilled her children into reciting the details of the alleged “assault” over and over again.
Rachel Dolezal charged with welfare fraud. That’s taking your “I was born a poor black child” cosplay way too far…
One of those “Yeah, you just have to put it up” tweets:
Very cool. After spending all day in the Senate Armed Services Committee, I went to dinner & suddenly, in to the restaurant walked…@TheSlyStallone From Rocky to Rambo to a ton of other movies that I’ve watched over and over, really enjoyed the chance to meet him! pic.twitter.com/20s66XeGQP
