Lies trying to hide how bad the Biden Recession sucks continue to unravel, a mini Texas-vs.-California update, Ukraine makes another oil refinery go boom, true depths of human depravity, some Bill Burr and Critical Drinker links, and two tons of Murica. It’s the Friday LinkSwarm!
Against expectations of a small improvement from -11.3 to -10.0, the headline sentiment gauge dropped to -14.4 (the lowest end of analysts’ forecasts).
Furthermore, the production index, a key measure of state manufacturing conditions, fell five points to -4.1, a reading that suggests a slight decline in output month over month.
Other measures of manufacturing activity also indicated declines this month.
The new orders index – a key measure of demand – dropped 17 points to -11.8 after briefly turning positive last month.
The capacity utilization index edged down five points to -5.7, and the shipments index plunged from 0.1 to -15.4.
The decline in new orders came alongside a surge in prices as raw materials costs rose to 13-month highs…
That has the stench of stagflation lathered all over it.
Also worse than reported: employment numbers. “Philadelphia Fed Admits US Payrolls Overstated By At Least 800,000.”
We first have to go back to December 2022, when we reported something shocking: as part of its data analysis of the “more comprehensive, accurate job estimates released by the BLS as part of its Quarterly Census of Employment and Wages (QCEW) program”, the Philadelphia Fed found that the BLS had overstated jobs to the tune of 1.1 million! This is what the Philadelphia Fed wrote in its quarterly Early Benchmark Revision of State Payroll Employment report at the time:
Our estimates incorporate more comprehensive, accurate job estimates released by the BLS as part of its Quarterly Census of Employment and Wages (QCEW) program to augment the sample data from the BLS’s CES that are issued monthly on a timely basis. All percentage change calculations are expressed as annualized rates. Read more about our methodology. Learn more about interpreting our early benchmark estimates.
So what did this “more accurate”, “more comprehensive” report find? It found that…
In the aggregate, 10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the states; the U.S. CES estimated net growth of 1,047,000 jobs for the period.
Lots of detailed analysis snipped.
Putting it all together, we now know – as the Philly Fed reported first – that the labor market is far weaker than conventionally believed. In fact, no less than 800,000 payrolls are “missing” when one uses the far more accurate Quarterly Census of Employment and Wages data rather than the BLS’ woefully inaccurate and politically mandated payrolls “data”, and if one looks back the the monthly gains across most of 2023, one gets not 230K jobs added on average every month but rather 130K.
Of course, none of that paints Bidenomics in a flattering picture, because while one can at least pretend that issuing $1 trillion in debt every 100 days to add 3 million jos per year is somewhat acceptable, learning that that ridiculous amount buys 800,000 jobs less is hardly the endorsement that the White House needs.
I think I link a story like this every year: “California Leads Among U.S. States Sending People to Texas in 2022. Florida and New York combined sent fewer people to Texas than California.” Leave any leftwing politics behind when you move…
California has a $55 billion deficit. But don’t worry, for the 24-25 fiscal year, it’s a $73 billion deficit.
A Russian-backed “propaganda” network has been broken up for spreading anti-Ukraine stories and paying unnamed European politicians, according to authorities in several countries.
Investigators claimed it used the popular Voice of Europe website as a vehicle to pay politicians.
The Czech Republic and Poland said the network aimed to influence European politics.
Voice of Europe did not respond to the BBC’s request for comment.
Czech media, citing intelligence sources, reported that politicians from Germany, France, Poland, Belgium, the Netherlands and Hungary were paid by Voice of Europe in order to influence upcoming elections for the European Parliament.
The German newspaper Der Spiegel said the money was either handed over in cash in covert meetings in Prague or through cryptocurrency exchanges.
Pro-Russian Ukrainian oligarch Viktor Medvedchuk is alleged by the Czech Republic to be behind the network.
Mr Medvedchuk was arrested in Ukraine soon after the Russian invasion, but later transferred to Russia with about 50 prisoners of war in exchange for 215 Ukrainians.
Czech authorities also named Artyom Marchevsky, alleging he managed the day-to-day business of the website. Both men were sanctioned by Czech authorities.
“$100M missing from Bay area trust fund management company. A Bay area father who counted on a local non-profit to handle a trust fund designed for his daughter’s long-term care feels duped.” And this is a trust for special needs kids.
The radical leftists in control of Baltimore City Hall have plunged the metro area just north of Washington, DC, into apocalyptic levels. We advise readers to entirely avoid the metro area as violent crime spirals out of control.
Failed social justice reforms, defunding the police, and widespread mistrust of the police have resulted in a skeleton police force that will no longer be able to protect residents in some regions of the city.
Fox Baltimore reported last Tuesday that only three police officers were on duty for the Southern Police District, which includes more than 61,000 residents.
Joe Lieberman, RIP. One of the least reprehensible Democratic senators of the last 30 years or so. But I still remember this:
Don’t click on this link unless you want to plumb the depths of human depravity. Noteworthy: “He and his husband.”
Stellantis, AKA The European Monster That Ate Chrysler, just just laid off a whole bunch of white collar workers. Note their mention of focusing on “implementing our EV product offensive.” Oh yeah, they’re boned.
Florida Governor Ron DeSantis declares victory over Disney, as the latter has dropped their lawsuit over the the elimination of their special district status.
Sean Combs, AKA “Puff Daddy,” AKA “Diddy,” raided by the FBI. “A source close to the investigation told NBC News that the raid was connected to allegations of sex-trafficking and sexual assault and the solicitation and distribution of illegal narcotics and firearms.” “Source close” caveats apply.
The federal government is going to allow a shuttered nuclear power plant to be restarted. “The federal government announced that it would provide a $1.5 billion loan to restart a nuclear power plant in southwestern Michigan. NJ-based Holtec International acquired the 800-megawatt Palisades plant in 2022 with plans to dismantle it, but with support from the state of Michigan and the Biden administration, the emphasis has shifted to restarting the nuclear power plant by late 2025 instead.” Not wild about the loan part, but restarting America’s nuclear energy growth is long overdue.
Used Japanese homes are worthless Not just because of the shrinking population, but because they’re designed to be.
The Critical Drinker is not impressed with the Road House remake. “The Patrick Swayze original wasn’t exactly peak cinema. It was dumb and over-the-top and silly, and I don’t imagine people were exactly crying out for a remake. But damn, man, it’s like Citizen Kane compared to this version.”
School tries to ban American flag from truck. Result: Two tons of Murica.
Twitch is cracking down on streams that “focus on intimate body parts.” After watching this, I have one question: Where exactly did the lady featured obtain her “automatic butt jiggler?”
Feel-good crime aftermath story:
Dog shot during the robbery given a warm send off by hospital staff after undergoing multiple surgeries..🐕🐾🥺🙏❤️ pic.twitter.com/OnSjqmRt2u
Chicago was one of the first cities to embrace decriminalizing shoplifting and defunding the police, and now they’re reaping the consequences of their actions, good and hard.
“Crime has become so crazy in Chicago that the city now has to take over supermarkets.”
Organized gangs of looters now strip shelves while store employees watch helplessly. The video shows a crew of 14 stripping a Louis Vuitton store bare.
One clothing shop: “There have been knives, there has been girls spitting on us, there has been men throwing drinks at us, taking my female sales associates and throwing them into tables. She’s recorded 28 incidents in just the past 60 days.”
One shoplifting ring stole over $7 million worth of goods, much of it over-the-counter medicine stolen from the likes of Target, Walgreens
and CVS and then shipped off to California and New York to be sold.
No wonder major retailers are fleeing Chicago.
Four Wal-Marts closed because the thefts made them no longer profitable, losing tens of millions of dollars.
Whole Foods closed six stores.
Needless to say, Chicago’s Democratic mayor Brandon Johnson was a big fan of defunding the police back in 2020.
“Thus the very people allegedly helped by the progressive policies get hurt the worst: The poor black and brown communities in Chicago are now food deserts. There’s nowhere to buy groceries.”
“Private retailers couldn’t afford to keep stores open and let people just steal their merchandise for free. So the mayor plans to open, quote, city-run supermarkets. This is to fill the void left by the Walmarts and the Whole Foods who obviously were losing millions of dollars trying to stay open.”
I imagine putting the Democratic Party in charge of a supermarket will probably work just as well as letting the mob run your restaurant.
“We’re talking about state and federal tax dollars being used to essentially run state-run supermarkets. That’s socialism 101. That’s what happened in Venezuela. That would happen in the Soviet Union: The state ran the supermarkets.”
Democrats make a food desert and call it social justice.
My Hunter Biden corruption evidence, a Democratic Senator catches federal corruption charges, more blue cities suffering from Biden’s open border policies, California goes looking for cops in Texas, and a new Bill Burr movie looms. It’s the Friday LinkSwarm!
The person who paid as much as six figures for “artwork” by an untrained painter also received a prestigious government appointment from the artist’s father, President Joe Biden.
Now congressional investigators want to know if Biden’s decision to name Elizabeth Hirsh Naftali to the U.S. Commission for the Preservation of America’s Heritage Abroad was in any way related to her purchase of artwork by Hunter Biden, a middle-aged man who paints as a hobby.
House Committee on Oversight and Accountability Chairman James Comer (R-KY) is now asking Naftali and White House Counsel Stuart Delery to answer questions as to whether the Biden family is using Hunter’s “art” as a means of selling White House access.
The White House has previously claimed the identity of Hunter Biden art purchasers would be concealed to prevent any undue influence, but nothing prevents the purchaser from identifying themselves to Joe Biden when seeking an appointment, and now at least one purchaser has been identified as someone who sought White House access.
Senator Robert Menendez (D., N.J.), the chairman of the Senate Foreign Relations Committee, was indicted on corruption charges by federal prosecutors on Friday morning in a Manhattan court in an influence-peddling scheme involving Egypt.
The unsealed indictment revealed that Menendez’s wife, Nadine, New Jersey real estate mogul Fred Daibes, and two other business associates are being charged along side the lawmaker.
Led by Southern District of New York attorney Damian Williams, in June 2022, investigators conducted a search of Menendez’s residence in New Jersey and found $100,000 worth of gold bars, nearly half a million dollars in cash, “much of it stuffed into envelopes and hidden in clothing, closets, and a safe,” and a brand new Mercedes-Benz C-300 convertible.
“Menedez and Nadine Menedez agreed to and did accept hundreds of thousands of dollars of bribes in exchange for using Menedez’s power and influence as a Senator to seek to protect and enrich” his allies “and to benefit the Arab Republic of Egypt,” the indictment reads. “Among other actions, Menendez provided sensitive U.S. government information and took other steps that secretly aided the Government of Egypt,” the filing notes.
New York City will cut overtime pay for its police officers and three other agencies to help reduce costs driven by the city’s unprecedented migrant crisis, City Hall announced Monday.
Jacques Jiha, the budget director for Mayor Eric Adams’s administration, told the city’s police, fire, corrections, and sanitations departments in a Saturday memo to each submit an overtime pay reduction plan “to reduce year-to-year OT spending.”
He also wrote the four departments must submit monthly reports “to track overtime spending and their progress in meeting the reduction target” once Adams issues the order.
Jiha also noted the current assistance provided by President Joe Biden and New York governor Kathy Hochul is not enough, prompting City Hall’s decision to cut overtime pay among other financial measures.
“The amount of aid we have received from the federal government and the state has been grossly inadequate and there has been no progress on a statewide or national decompression strategy,” Jhia wrote in the memo, first reported by Politico. “The city can no longer continue to shoulder these skyrocketing costs and balance the budget without making very difficult choices.”
Crime has risen in New York in recent months as more than 100,000 illegal immigrants have poured into the city.
The leader of a police union said the overtime pay cuts will lead to fewer cops patrolling the streets, resulting in more staffing shortages.
“It is going to be impossible for the NYPD to significantly reduce overtime unless it fixes its staffing crisis,” Patrick Hendry, head of the Police Benevolent Association, told the New York Post. “We are still thousands of cops short, and we’re struggling to drive crime back to pre-2020 levels without adequate personnel.”
“If City Hall wants to save money without jeopardizing public safety, it needs to invest in keeping experienced cops on the job,” he said.
The Homeless Illegal Alien Industrial Complex pays very, very well in Chicago:
BREAKING: NBC 5 reports that private shelter employees that house illegal immigrants make from $135 per hour up to $200 per hour.
A manager of a migrant facility made $14,000 in one week and a nurse earned $20,000 in a week. pic.twitter.com/6P0a7Ae67F
“The Biden admin cut the razor wire Gov. Greg Abbott put along the Rio Grande, so Abbott immediately sent the Texas National Guard to put up even more.”
Dallas Mayor Eric Johnson switches to the Republican Party. “While Dallas has thrived, elsewhere Democratic policies have exacerbated crime and homelessness.”
“I have been mayor of Dallas for more than four years. During that time, my priority has been to make the city safer, stronger and more vibrant,” Johnson wrote in his article.
“That meant saying no to those who wanted to defund the police. It meant fighting for lower taxes and a friendlier business climate. And it meant investing in family friendly infrastructure such as better parks and trails.”
Johnson said he does not plan to alter his “approach” to being mayor but is switching his party affiliation.
“When my career in elected office ends in 2027 on the inauguration of my successor as mayor, I will leave office as a Republican,” Johnson said.
The mayor was a leading opponent of calls to decrease funding for the Dallas Police Department after the 2020 demonstrations against police violence. Johnson proposed cutting salaries at city hall instead.
In his announcement, he also touted Dallas’ decreasing crime rate and the Dallas City Council’s reduction of the property tax rate.
While city mayors are nonpartisan officeholders in Texas, Johnson was a Democrat during his nearly five terms in the Texas House of Representatives.
This is both unexpected and big news. Lots of Hispanic politicians in Texas have switched to the GOP, but this is the first case I can remember of a high profile black Texas Democratic politician switching to the GOP.
A 35-year-old Renton man was sentenced on Sept. 13 in U.S. District Court to 40 months in prison for his role in a plot to burn the Seattle Police Officers Guild building in downtown Seattle during the September 2020 protests.
The defendant, Justin Christopher Moore, pleaded guilty in September 2022.
At the sentencing hearing, U.S. District Judge Lauren King said, “What you did showed a complete disregard for human life. Our ability to peacefully assemble is a fundamental right to our society. Your acts of violence can deter people from exercising that fundamental right.”
According to records filed in the case, Moore made and carried a box of 12 Molotov cocktails in a protest march to the Seattle Police Officers Guild building on Sept. 7, 2020. Ultimately the marchers were moved away from the building in downtown Seattle. Police smelled gasoline and grew concerned about the intentions of protesters. The box containing the 12 gasoline devices was found in the parking lot next to the Seattle Police Officers Guild building.
Using video from that day and from other protests, as well as information from the electronic devices of other co-conspirators, Moore was confirmed as the person seen carrying the box of destructive devices.
In June 2021, law enforcement executed a search warrant at Moore’s residence. They seized clothing that is consistent with the images of what Moore was wearing when he carried the Molotov cocktails. From the basement storage area, they also recovered numerous items that are consistent with manufacturing explosive devices. Law enforcement recovered a notebook in which Moore had made entries related to the manufacturing of destructive devices and the ingredients necessary.
University of North Texas tries to cancel musicology professor. Professor wins in court. Again.
The Fifth Circuit Court of Appeals has handed down another defeat to the University of North Texas and a victory to Allen Harris in a lawsuit defending the First Amendment rights of Professor Timothy Jackson, after UNT shut down his journal, The Journal of Schenkerian Studies. The decision can be located here.
In January of last year, Allen Harris had already prevailed in the United States District Court for the Northern District of Texas. The District Court Judge Amos Mazzant rejected UNT’s motion to dismiss the complaint of Professor Timothy Jackson in a strong decision available here.
Ordinarily, the case would then proceed to discovery and eventually to trial. But UNT invoked its right to a special appeal (called an interlocutory appeal) that is allowed only to the state under the doctrine of sovereign immunity. At first, Texas was expected to make an argument defending UNT’s right to do whatever it wanted with Timothy Jackson’s journal.
The Journal of Schenkerian Studies is dedicated to a late 19th/early 20th-century Austrian-Jewish music theorist, Heinrich Schenker, and his systematic, graphic methods of music analysis. In July 2020, Timothy Jackson defended Schenker in the pages of the Journal from an attack by Hunter College Professor Philip Ewell. Professor Ewell labeled Schenker a “racist” and, indeed, the entire tradition of Western classical music as “systemically racist.” This dispute would have remained a typical academic tempest in a teapot, but the University of North Texas swiftly condemned Jackson’s defense of Schenker and classical music. At UNT, defending classical music and its theory against charges of “racism” is a “thought crime.”
Graduate students quickly condemned Professor Jackson for “racist actions” and various other derelictions that they claimed hurt their feelings. Calls for Professor Jackson to be fired quickly escalated, and the vast majority of Jackson’s fellow faculty members jumped on the bandwagon. Sixteen of them signed a graduate student petition calling for his ouster and for censorship of the Journal. Discovery revealed that at least one did so without even reading or understanding what the petition said.
The most important thing at the University of North Texas was to demonstrate pious commitment to “anti-Racism,” no matter how irrational or lacking in substance–or contrary to evidence. As the Dean of the College of Music admitted in open court, the Journal was “put on ice.”
In July 2020, Professor Jackson stood alone against this tide. Had the case been allowed to proceed after Mazzant’s strong decision on the motion to dismiss, the Journal would likely be back in publication by now. Yet censorship is so important at the University of North Texas that the state exercised its right to a special appeal in order to halt discovery in its tracks.
Some technical legal analysis omitted.
The ruling is a clear warning to do-nothing boards of trustees and boards of regents that they have an affirmative duty to ensure that public universities uphold constitutional rights in education. From now on, they will also enjoy a no qualified immunity from personal suit, at least in the Fifth Circuit. UNT’s Board of Regents had direct governing authority over all UNT officials. They too can therefore be held accountable under the Ex Parte Young for sitting idly by while career university bureaucrats trampled Professor Jackson’s free speech.
Unfortunately, the federal government continues its misguided attempts to control an industry regulators know little to nothing about. But today’s attempts tend to focus more on something they understand even less than trucking: technology.
The electronic logging device (ELD) has been around since the late 1980s. The devices were first adopted by large nationwide fleets to simplify managing their plethora of drivers, and eventually became a way to lower insurance costs. Manufacturers and employers claimed the devices prevented drivers from driving longer than legally allowed, therefore reducing the number of tractor-trailer-related crashes. It was under the latter premise that the DOT mandated that all trucks be equipped with ELDs no later than the end of 2017. Unfortunately, fatal accidents involving tractor-trailers have seen a recent increase following a sharp decline. This correlation suggests that mandating ELDs has not had the promised or intended safety improvements.
More recently, environmental regulations requiring manufacturers to reduce emissions gave us the diesel particulate filter (DPF), an exhaust treatment system that replaces a standard muffler. While there is no current federal mandate requiring a DPF, the filters are required by the 2008 California Statewide Truck and Bus Rule, which has incentivized many nationwide fleets to adopt them. The problem with DPFs is the filter system clogs. A lot.
When DPFs go down, trucks roll to a stop. Truckers report having to have a DPF serviced as often as every 5,000 miles, which means lots of lost productivity and stranded cargo. I’ve had four breakdowns over the past two years, and three were due to my DPF. A tow truck driver I spoke to on one of those occasions told me half of his business comes from malfunctioning DPFs. Repairs are a specialized affair, and replacements can cost up to $2,000. When my truck isn’t moving, I’m not earning. And these regulators have required that my truck stand still far too often.
Next up on the government’s list of ways to make truckers’ lives miserable are proposed speed limiters. Pete Buttigieg, the Secretary of Transportation, wants to limit all tractor-trailers to the same speed. Imagine being stuck behind a pair of tractor trailers side by side, who can’t speed up to pass each other. It’s relatively rare right now, but it will become the norm. Every single interstate nationwide will be populated by moving roadblocks, inspiring road rage and blocking critical services. What happens when the fire truck or ambulance is stuck behind these unbreakable pairs?
Also in the California “Hall of Ls,” after ruing its own police department through defunding, San Francisco is trying to hire cops in Texas.
San Francisco slashed its police department’s budget by $120 million in 2020. Almost immediately, crime rose in the city. Crime has gotten so bad in San Francisco, that residents are reportedly leaving their car doors unlocked, so crooks won’t smash their windows.
Mayor London Breed promised to reverse her “defund” policy by restoring and increasing the police budget. However, the city is struggling to recruit qualified officers. Recently, the San Francisco Deputy Sheriff’s Association accused the mayor of continuing to make cuts to the sheriff’s department.
Despite this, the city went to four universities in Texas to recruit police officers. This appears to be the first time San Francisco looked for candidates outside of California.
Those four universities are Texas Southern University, Sam Houston State University, Prairie View A&M University, and Texas A&M University.
Murder suspect who broke into a Georgia home find out that gun beats knife. “Once he is released from the hospital, he will be confronted with charges including burglary, home invasion, and theft by receiving in Georgia, as well as murder charges in Ohio.”
Bill Burr has a new film called Old Dads coming to Netflix next month. Looks promising. “Just go on Twitter and share the story where you’re the hero.” Knowing Burr, there will be something here to offend everyone…
More on the collapse of Silicon Valley Bank, Syria gets spicy again, woke companies like Disney are having massive layoffs, and Sig Saur gets into the Killbot business. It’s the Friday LinkSwarm!
Courtesy of Bloomberg’s reporting, it appears that not only were insiders dumping their shares faster than syphilitic hooker, there were loading up on loans from the bank at a scale that makes a mockery of any regulatory oversight…
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Yes, that’s real.
Loans to officers, directors and principal shareholders, and their related interests, more than tripled from the third quarter last year to $219 million in the final three months of 2022 – a record dollar amount of loans going back over 20 years.
Many questions come to mind – what were the terms, who were the recipients, what was the collateral?
But, sadly, we will likely never know.
However, we do note that the banking execs may be facing a serious shortfall (like their bank): if the loans were collateralized by SVB shares for example, those shares are now worthless, leaving the loan-heavy C-suite left to come up with the cash to repay the loans (and no, these loans don’t disappear with the bank’s liquidation).
Between that and the insider share dumping, people need to go to jail.
After the implosion of the FTX crypto exchange run by Sam Bankman Fried, questions of due diligence and competency immediately arose, suggesting that perhaps the company mishandled assets “accidentally” and that Fried was naive and “in over his head.” Numerous central bank officials and globalist organizations jumped into the debate almost immediately, arguing that FTX was a perfect example of why centralized regulation of crypto and digital currencies was necessary. They claimed that without oversight by banking elites, disaster was inevitable.
Of course, what they did not mention was that FTX and Sam Fried already had extensive connections with globalist groups including the World Economic Forum. In fact, the very basis of Fried’s business model was the WEF’s “Stakeholder Capitalism” theory, which he often referred to as “Effective Altruism.”
Stakeholder Capitalism is essentially the opposite of free markets – It is a socialist/globalist framework which uses corporations as a kind of economic enforcement tool. Corporations are already highly socialistic in their operations, and their existence is completely dependent on their special relationship with government. Corporations are created through government charter, enjoy special protections under “corporate personhood” laws and avoid direct consequences for criminal activities through limited liability.
Many corporations are not even allowed to fail because governments backstop their operations. That’s socialism, not free markets. However, “stakeholder capitalism” expands on this dynamic a hundred-fold.
Where free markets assert that businesses must make profit their primary objective for the overall economy to function, the WEF asserts that companies including banking institutions have a social obligation that goes beyond making money. To the typical leftist this probably sounds like a Utopian vision filled with promise, but to anyone that actually understands economics it sounds like a recipe for the collapse of civilization.
The WEF paints stakeholder capitalism an effort to reign in the power of the corporate system in favor of social causes. In reality, it’s a way to give corporations ultimate power over everything, including ultimate influence over public behavior.
We have seen extensive evidence of this through widespread corporate ESG investment programs implemented in the past several years. It is no coincidence that the invasion of woke ideology into the mainstream happened at the exact same time that ESG-based lending accelerated.
The institutions lending to various companies were able to set social rules for access to credit, and these rules required businesses to adopt far-left politics in their marketing and policies as a result. Stakeholder capitalism is about homogenizing all business into a single ideological entity – Instead of competing with each other for market share through innovation, companies have been abandoning merit based competition and are colluding to saturate the mainstream with social justice cultism, climate change propaganda and globalist rhetoric.
By making corporate elites “responsible” for society, we give them the power to engineer society.
However, the WEF’s model of false altruism is turning out to be a disaster for corporate survival. I have to wonder now if this was the intent all along – To create a kind of ESG fueled woke financial bubble that was always intended to come crashing down, leaving the western world in ruins.
Snip.
Looking into SVB’s operational history, the company was a woke nightmare.
Take a gander at their 66 page ESG report compiled in 2021 to get a sense of how far to the extreme political left the bank was. SVB is the pinnacle example of why “Get Woke, Go Broke” is more than a mantra, it’s a rule.
Digging even deeper we then find that SVB’s leadership was highly involved in the WEF and their Stakeholder Capitalism Metrics (SCM), along with corporate governance. SVB was not only implementing every single policy the WEF outlines in its agenda, they were reporting back to the WEF on their progress.
SVB’s capital exposure was heavily tied up in securities, but also venture capital for woke tech startups, climate change related projects and leftist activist groups which qualified for ESG loans; everything from BLM to Buzzfeed. In other words, they were investing aggressively into money-pit projects that devoured cash and gave nothing back. The real question is, how many US banks are involved in ESG and WEF operations at the same level as SVB? Dozens? Hundreds?
“U.S. Carries Out Airstrikes in Syria after Iranian Drone Kills U.S. Contractor, Wounds Five Service Members.” As I’ve mentioned before the withdrawal of most U.S. troops from Iraq and Syria doesn’t mean all. And the same goes for Africa.
“56% of liberal white women age 18-29 have been diagnosed with a mental health condition.” Well, you already said “liberal”…
Louisiana state Rep. Francis Thompson switched from the Democratic to the Republican Party, given Republicans a super-majority in both houses and thus the ability to override any veto by Democratic Governor John Bel Edwards. ““The push the past several years by Democratic leadership on both the national and state level to support certain issues does not align with those values and principles that are a part of my Christian life,” said Thompson.
World Athletics, the governing body for international track and field competition, has banned men from international competition. “I’ll take ‘Headlines no one in the 20th century would understand’ for $600, Alex.”
“Dallas Bar Cancels All-ages Drag Event.” Funny how the threat of having your TABC license yanked concentrates the mind…
Get Woke, Go Broke Part 1: After a string of expensive bombs and streaming losses, Disney to lay off 7,000 employees.
Get Woke, Go Broke 1.5: “Woke Marvel Producer Victoria Alonso Gone From MCU.” She was one of the central figures pushing Disney to adopt a pro-groomer position in Florida. The ostensible reason for her firing was breach of contract for producing a non-Marvel movie, but a lot of industry insiders think her outspoken wokeness was a key reason for her getting the axe.
Get Woke, Go Broke Part 2: “Twitch Streaming Service To Sack 36% Of Employees.”
SIG Sauer announced late last week it has acquired General Robotics, one of the world’s premier manufacturers of lightweight remote weapon stations and tactical robotics for manned and unmanned platforms as well as anti-drone applications. The companies have been working in concert for some time, a fact made obvious at January’s SHOT Show when they debuted a Polaris ATV equipped with a General Robotics PitBull remote weapons station that aimed and fired the vehicle-mounted SIG MG 338 belt-fed machine gun remotely.
“This acquisition will greatly enhance SIG Sauer’s growing portfolio of advanced weapon systems,” said Ron Cohen, president and CEO of SIG Sauer. The team at General Robotics is leading the way in the development of intuitive, lightweight remote weapon stations with their battle-proven solution.”
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