Posts Tagged ‘JP Morgan’

LinkSwarm For October 16, 2026

Friday, October 16th, 2026

Your tax dollars help fund Hamas (and Brazil’s leftist censorship regime), Kathy Hochul and Gavin Newsom will do anything to keep Trump from deporting illegal aliens, Ukraine hits more natural gas facilities and data centers, and actually knocks some Russian trolls offline, a reckoning is finally coming for Ilhan Omar’s misdeeds, Musk unveils a flying car, and Hasan Piker endorses lynching black people. It’s the Friday LinkSwarm!

It’s the Friday LinkSwarm!

  • Your tax dollars at work: “Louisiana Muslims Were on Medicaid While Sending Money to Terrorists.”

    Between late 2023 and early this year, Abdel Adhami allegedly transferred more than $83,000, mostly through PayPal to financial associates of a Gaza-based contact who converted the funds into Tether cryptocurrency. Court records say about $2,000 was sent directly to Gaza through Western Union to a recipient who picked up the cash in October 2023.

    His brother, Omar, is accused of sending about $6,000 through similar channels. Authorities say the money was ultimately routed to people associated with Saleem Alzaq, whom investigators describe as the brothers’ alleged handler in Gaza.

    For example, on or about October 18, 2023, Adhami, via Snapchat account aadhami56, sent a voice message to Snapchat account “saleem_alzaq” stating the following: “I wish we could come, I wish we could help you, I wish we could do Jihad with you, you are the people of Jihad, you are the people of perseverance, you are who the Prophet, peace and prayer be upon him, has mentioned. Congratulations, congratulations, you are the free ones, not us eh . . . and let me know when you receive the wire transfer. If there is anything we can do, our lives and money and everything are at your service.”

    While all this was going on, the Adhamis were on Medicaid despite having their own stores and plenty of money to send to terrorists.

    A Slidell man who declined to be identified said he remembers the day federal agents raided their Slidell beauty store last month. The brothers also own a beauty store in Hammond.

    Two stores. Terror cash. And hundreds of thousands in Medicaid benefits.

    The wives of two Northshore brothers accused of helping funnel money to Hamas have been arrested along with another family member in a separate Medicaid fraud investigation.

    The Louisiana Attorney General’s Office accuse the five of defrauding the Louisiana Medicaid program of more than $224,000 in benefits between 2021 and 2025.

    Abdel Adhami, 35, and his wife, H.D. Srour, 29, received $113,344 in Medicaid benefits, according to the AG’s Office. They each face five counts of government benefits fraud and one count of theft of more than $25,000.

    Omar Adhami, 33, and his wife, Abu Zenah, 28, received $81,099 in Medicaid benefits. They each face three counts of government benefits fraud and one count of theft of more than $25,000.

    Their brother, Mohammad I. Adhami, 32, received $30,197 in Medicaid benefits. He faces three counts of government benefits fraud and one count of theft of more than $25,000.

  • “New York Refused 16,070 ICE Detainers for Illegal Aliens Accused of Serious Crimes. Gov. Kathy Hochul has made it harder for state and local law enforcement to cooperate with ICE.”

    New York has declined 16,070 ICE detainers for illegal aliens accused or convicted of over 50,000 serious crimes since President Donald Trump took office.

    “While sanctuary politicians continue to release dangerous criminals onto their streets, our brave law enforcement officers will continue to risk their lives to arrest these heinous criminals and make America safe again. Illegal aliens have no sanctuary in America,” said DHS Secretary Markwayne Mullin. “We enforce these laws with no help from Mayor Mamdani and Governor Hochul. The Trump Administration is committed to protecting the American people in every city and every state, and we won’t let sanctuary politicians stand in our way. If you’re a state or local politician, your best bet is to cooperate with us so we can all make America safe again.”

    Those crimes include murder, kidnapping, and sexual assault:

    • Homicides: 131
    • Kidnappings: 132
    • Sexual offenses: 1,017
    • DUIs: 1,561
    • Burglaries: 1,631
    • Robberies: 1,776
    • Weapons offenses: 2,198
    • Dangerous drugs: 4,324
    • Assaults: 9,502

    The ICE detainers ask local and state law enforcement to hold illegal aliens for 48 hours so agents can take custody of them.

    But sanctuary states like New York and sanctuary cities like New York City brush off any cooperation with federal immigration enforcement.

    Two illegal aliens, Dangelo Rafael Jean Caraballo and Sneider Mejia Bautista, allegedly stabbed an NYPD detective on October 2.

    Both men have a lengthy rap sheet.

    Local law enforcement released Caraballo after his December 2024 arrest for possession of burglar’s tools before ICE could lodge a detainer.

    ICE lodged a detainer for Bautista after his October 2025 arrest for criminal possession of a weapon. The NYPD declined the detainer and released him.

    Caraballo and Bautista ran to Massachusetts, another sanctuary state, for cover. Both were caught and arrested, but it’s unclear whether New York will hand them over to ICE.

    Hochul signed her sanctuary state bill in May 2026. The law bars ICE agents from public places, and local law enforcement cannot cooperate with ICE.

    Most public employees also cannot interact with federal immigration authorities unless they present a judicial warrant.

    Hochul expanded her anti-ICE agenda in August with the Local Cops, Local Crimes Act, which bans local law enforcement from entering or maintaining any agreements with ICE.

    In February, Mamdani signed an executive order to strengthen sanctuary laws in New York City.

    Trump should flood New York with ICE agents and dare Hochul to arrest them.

  • Finally: “Feds Raid Ilhan Omar’s DC Home As Immigration Fraud Investigation Heats Up.”

    Federal agents raided the Washington, D.C., home of Rep. Ilhan Omar (D-MN) early Monday morning as part of an ongoing criminal investigation into the Somali-born congresswoman’s immigration paperwork, according to Fox News.

    The pre-dawn operation began around 6 a.m., with multiple agents wearing Homeland Security Investigations (HSI) jackets observed outside the residence. Two sources close to the investigation told Fox News that authorities are examining immigration documents completed by Omar’s late father when she was a child.

    Snip.

    As Jonathan Turley previously noted, Homan confirmed that federal authorities were examining allegations involving the Minnesota Democrat.

    The controversy centers in part on longstanding claims that Omar married her brother, Ahmed Nur Said Elmi, to facilitate an immigration benefit – allegations Omar has repeatedly denied and which have not been established as fact.

    Turley examined whether the allegations could support a fraud case or instead amounted to potentially defamatory accusations, and noted that the statute of limitations could complicate any prosecution involving events dating back many years.

    (Powerline has been working this beat a long, long time.)

  • “Nine Major Banks ‘Denied, Debanked, and Discriminated Against’ Conservatives.”

    A new federal report finds “irrefutable evidence that the nation’s largest banks have denied, debanked and discriminated against” conservatives, religious organizations and lawful businesses because of their political beliefs or activities.

    The Office of the Comptroller of the Currency (OCC) released the results of its investigation into the nine largest banks it supervises in a 47-page report on Wednesday. Those banks include JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. Bank, Capital One, PNC Bank, TD Bank and BMO Bank.

    The revelations in the report include allegations that JPMorgan Chase’s former payment processor WePay closed accounts belonging to merchants selling Trump and Make America Great Again merchandise after the bank’s screening system apparently flagged phrases including “MAGA,” “Make America Great,” and “America First.”

    The report also accuses WePay of closing accounts associated with conservative religious organizations, including one that was labeled an extremist group by the Southern Poverty Law Center.

    PNC, meanwhile, allegedly denied a line of credit to a media company after employees argued the company’s conservative owners had expressed opinions “very contrary to PNC’s beliefs/values.”

    Wells Fargo pushed a payment processor to debank a religious nonprofit over its opposition to same-sex marriage, and also declined loans to firearms businesses amid concerns about potential Biden administration pressure, the report found.

  • “Trump Admin Sues California Over 20,000 Suspected Ineligible Voters Ahead Of Midterms.”

    The Trump administration has filed a lawsuit against California and two election officials, seeking to prevent approximately 20,000 potentially ineligible voters from having their ballots counted in November’s midterm elections until their citizenship status can be verified.

    The Justice Department alleges that California is knowingly allowing noncitizens to participate in federal elections, raising concerns about election integrity just weeks before voters head to the polls.

    “State-facilitated voter fraud is unacceptable in the United States of America,” Attorney General Todd Blanche said in a statement.

    “If found responsible in a court of law, the State of California will have seriously undermined confidence in our electoral system and violated laws that protect our nation’s representative system of government,” Blanche added.

    According to the lawsuit, U.S. Citizenship and Immigration Services and Immigration and Customs Enforcement investigators identified potentially ineligible voters using federal immigration records and information from the Social Security Administration and State Department.

    The Justice Department previously sent Los Angeles County Registrar-Recorder/County Clerk Dean Logan a password-protected drive containing more than 20,000 voter records, demanding citizenship verification within 48 hours.

    Logan responded that his office would follow applicable federal and state election laws while maintaining accurate voter registration records.

    The administration is now asking a federal court to prevent ballots associated with those voters from being counted until their eligibility is established.

    Democrats will use every opportunity to get illegal alien votes into the ballot box.

  • “Very Long Range Drone Strike on Surgut Condensate Stabilization Plant (2,500km!).” This is a Gazprom natural gas facility.
  • “Big Drone Strike on Novoshakhtinsk Oil Terminal in Rostov.”
  • Followup: “Satellite Imagery Show Extensive Damage to Rostov Oil Export Terminal & Samara Pumping Station.”
  • “Ukraine Hits Third Russian Data Centre (In Vladmir).”
  • But wait! “Vladimir’s Yandex Data Centre Hit By Drones Again!” How often will I get a chance to embed this?

  • “Ukraine Hits Russia’s Newest Data Centre! In Balakovo, Samara.” This was a data center for Sberbank, Russia’s largest bank.
  • “Four Su-34 Confirmed Destroyed at Borisoglebsk Air Base After Neptune Missile Strike!”
  • “Big F-16 Air Strike on Two Pontoon Crossings Near Velyka Novosilka, Donetsk.”
  • For some reason, a Russian tank base that was all but empty is now filling up with T-90Ms that aren’t being sent to Ukraine. The drone threat, or lack of qualified tank crews?
  • Result? “Russian bot traffic decimated overnight after Ukraine drone strikes knock multiple Yandex data centers offline.” You know, Comrade Cartridge has been pretty quiet since August…
  • What Hasan Piker really thinks of black people.

    Does anyone doubt that if a white conservative “joked” about lynching black people the media would turn it into a full-in, front page onslaught to cancel him?

  • “”Full-On Truman Show”: Former State Dept. Official Exposes USAID’s Censorship Machine In Brazil.”

    Former State Department official Mike Benz laid out USAID’s sweeping involvement in Brazil’s political and institutional landscape, detailing a network of American funding that reached media organizations, universities, activist groups and organizations involved with the country’s election system.

    Benz, who serves as executive director of the Foundation for Freedom Online, broke down the extent of USAID’s footprint during an appearance on “The Benny Show” with host Benny Johnson.

    “What’s happening in Brazil was a full-on Truman show. You had the media funded by USAID. You had the universities funded by USAID. You had the staffers of the Supreme Court and the TSE (Superior Electoral Court), the election court, USAID. You had all the constitutional law advocates funded by USAID. You had the LGBT activists funded by USAID,” Benz explained.

    “It’s full spectrum. If you were to walk down a city block in Sao Paulo or, I don’t know, Brasilia, you would have a 360 vision of institutions funded and puppeteered by USAID without ever knowing it,” the former State Department official added. “In fact, USAID, knowing what they were doing, and I need to be careful about what I can and can’t say here, let’s just say, would anyone be surprised, for example, if USAID was going around and telling its grantees in Brazil to remove the USAID logo so that it doesn’t get out that grantee’s connection to USAID?”

    Benz said USAID’s influence could continue even after its funding disappeared because institutional and legal changes remained in place.

    “They knew what they were doing. They knew how sensitive it was. Would you be surprised, for example, if USAID, which basically set up the censorship state in Brazil, and this is actually something, let me quickly pivot to say, it is true that this is the first Brazilian election since the 2020 municipal elections in Brazil that does not have USAID money slushing around Lula and his allies, but is still an election that is in many ways under the thumb of the ghost of USAID,” he said. “There is something I call kind of the clockmaker’s dilemma, which is USAID, even when you remove it, the institutional and legal changes that a country goes through can live on even if you cut USAID funding down to zero.”

    Benz then zeroed in on two of Brazil’s most powerful institutions, the Supreme Federal Court (STF) and Superior Electoral Court (TSE): “For example, in Brazil, you have this apparatus through the STF and TSE, the Supreme Court and the basically election court that determines all things around elections, and basically after Bolsonaro won in 2018, the TSE court with Alexandre de Moraes, the famous Voldemort judge, they declared disinformation a threat to free and fair elections, not just disinformation during an election season, but disinformation any time, misinformation, disinformation any time about anything because it could pollute people’s, I don’t know, sense of what’s true or false in the information ecosystem, and so it could have an impact on an election three years away if this false information is allowed to circulate online.”

    Benz also went into detail about USAID’s connections to Brazil’s election and judicial establishment.

    “That was set up by USAID, USAID flooded the zone, USAID had contact at every level with the TSE court, with the Alexandre de Moraes court,” he said. “I testified to the Brazilian Senate Relations Committee and put pictures from USAID’s website of Alexandre de Moraes being trained by CEPS (Competitive Economy Program), the USAID grantee, by NED (National Endowment for Democracy), the USAID grantee has gotten $3 billion from USAID and was created by the Central Intelligence Agency.”

    So American taxpayers were footing the bill for the suborning of democracy in favor of leftwing control and censorship.

  • “Days after federal agents stopped an 18-year-old of Somali descent from buying an AK-47 to kill dozens at the Mall of America in an ISIS-inspired plot, another 18-year-old Somali is free after police say he opened fire outside a high school homecoming game.”

    Investigators linked the Eden Prairie shooting to rival Somali gangs. The accused spent just two nights in jail before posting a $100,000 bond with $10,000 cash down. Hennepin County Attorney Mary Moriarty had said he would be held accountable.

    On October 2, during Eden Prairie High School’s homecoming football game against Minnetonka, a fight involving about 10 people broke out in a parking lot after two vehicles arrived. Surveillance video showed a Hyundai Sonata, registered to the brother of Adam Abdihakeem Adam, 18, of St. Louis Park, enter the area.

    harging documents state Adam was the only occupant. He got out, fired a single shot, struck two teenagers, and fled. The victims were an 18-year-old and a 17-year-old, both Somali males from St. Paul known to law enforcement and not students at either school. One was shot through the leg; the other in the foot. Both injuries were non-life-threatening. The stadium was evacuated and the game postponed.

    Investigators used phone location data that tracked Adam and the vehicle before, during, and after the shooting. He abandoned the phone and changed its number. A search of his home recovered clothing consistent with what the shooter wore on video.

    Eden Prairie police arrested him without incident on October 8 in Minneapolis with help from partner agencies. Police Chief Matt Sackett said, “The arrest today is an important step in this investigation. I’m incredibly proud of our officers and investigators who have worked nonstop alongside our law enforcement partners to identify those responsible and hold them accountable.”

    Hennepin County Attorney Mary Moriarty charged Adam with two counts of second-degree assault with a dangerous weapon and one count of second-degree riot while armed with a dangerous weapon. She stated: “This was an alarming and dangerous act that injured two people and frightened many more. Mr. Adam will be held accountable.” She added, “Violence in our communities is completely unacceptable and it requires a professional, coordinated response, which happened here.”

    Bail was set at $100,000 and Adam posted bond and was released on October 10.

  • “‘Celebrate the Demographic Change’: Inside the Big-Money Campaign to Sell Rural America on Immigration. Foundation money, local forums, festivals and messaging training: how a national advocacy network works to change small-town attitudes toward immigration.”

    For years, Welcoming America has been building a campaign to sell rural communities on immigration—training local leaders, supporting public events and teaching advocates how to change their neighbors’ minds.

    Its own rural refugee toolkit describes the role of local media plainly:

    “a positive force for changing public opinion”

    The same guide praises storytelling used to:

    “celebrate the demographic change of the community.”

    “reshape the narrative about immigrants in new destination states”

  • “Trump Admin has Arrested 1,296 Tren de Aragua Gang Members. The admin has charged almost 350 members and associates with federal crimes.”

    “President Trump created the Homeland Security Task Force to eradicate gangs, cartels, and transnational criminal organizations who entered the United States, and operated with impunity, as a result of the Biden administration’s disastrous open border policies,” White House spokeswoman Lauren Bis told The Washington Examiner. “Our message to Tren de Aragua and all the transnational criminal organizations is simple: we will dismantle your networks, seize your profits, and put the safety of the American people first. The days of vicious gangs, like TdA, profiting off of the death of American citizens is over.”

    On his first day in office, President Donald Trump signed an executive order forming the Homeland Security Task Forces with the Department of Homeland Security (DHS) and the Department of Justice (DOJ).

    “The objective of each HSTF is to end the presence of criminal cartels, foreign gangs, and transnational criminal organizations throughout the United States, dismantle cross-border human smuggling and trafficking networks, end the scourge of human smuggling and trafficking, with a particular focus on such offenses involving children, and ensure the use of all available law enforcement tools to faithfully execute the immigration laws of the United States,” according to the executive order.

    The data runs from January 20, 2025, to October 8, 2026. The task force has nabbed 1,296 Trn de Aragua members and charged almost 350 members and associates with federal crimes.

    “President Trump’s Homeland Security Task Forces have encountered TdA gang members [in] almost every state,” an ICE spokesperson wrote in a statement to The Washington Examiner. “This is one of the most vicious gangs on planet earth. They rape, maim, and murder for sport.”

  • “Months after opening, workers at Obama’s presidential center are unionizing due to horrid job conditions.”

    Nearly four months after the Obama Presidential Center opened, workers are organizing a union, citing “increasing workloads” and benefit rollbacks that have stirred concerns about their future with the organization.

    Fifteen weeks working for Barack H. Obama and these folks have gone full Newsies. 😂

    If the Barack Obama library is an unpleasant place to work, you won’t find me surprised. In any event, here’s what the library’s workers have alleged:

    • They are facing “increasing workloads.” That’s, um, sort of to be expected in the weeks after a major new facility opens and everyone’s still figuring out what work needs to be done. But okay.
    • They have “seen our benefits rolled back.” After just four months? That was quick! But I guess even the Obamacare Machine realized that offering full insurance to part-time administrative workers wasn’t financially feasible.
    • “Support from leadership,” meanwhile, has been “minimal.” Concerns about working conditions have been met with “vague responses.”
    • This unbearable, horrific working environment has contributed to a high turnover rate.

    The workers have announced that they are forming a labor coalition, Obama Workers United, with AFSCME Council 31.

  • When the mayor of San Francisco says his party has gone too far left, perhaps Democrats ought to listen.

    San Francisco’s Democratic mayor, Daniel Lurie, says he’s a proud progressive, but in a recent interview, Lurie acknowledged to CNN’s Dana Bash that on issues like crime, homelessness, drug use, housing, and affordability, the city getting “so entrapped in our progressive values” caused it to lose its way and go down the wrong path.

    Lurie, a Levi Strauss heir with no political experience, was elected in November 2024, defeating the much better-known incumbent Democratic mayor, London Breed, in part because he promised to clean up the drug-infested streets and be tougher on crime.

    In one situation from October 2025 that got a lot of national attention, Lurie was able to convince President Trump to back off sending a “surge” of National Guard troops into the city to help combat crime, successfully arguing to allow local law enforcement to work to turn things around in “continued partnerships” with the FBI, ATF, etc.:

    “We have work to do, and we would welcome continued partnerships with the FBI, DEA, ATF, and U.S. Attorney to get drugs and drug dealers off our streets, but having the military and militarized immigration enforcement in our city will hinder our recovery,” he added. “We appreciate that the president understands that we are the global hub for technology, and when San Francisco is strong, our country is strong.”

    In the CNN interview, Lurie noted that there was nothing progressive about overdose deaths, car break-ins, women feeling unsafe walking to their cars, and local businesses having to close because of repeat offenders.

    Lurie’s social justice comrades have decided those are precisely the outcomes they desire…

  • Funny how every two years 90 days before the election, a big sexual abuse case seems to come before a Democrat judge.
  • Brandon Herrera’s 23rd Congressional District Democrat opponent Katy Stout isn’t the sharpest knife in the drawer. “Texas Democrat accidentally blasts opponent for ‘making fun of Nazis’ during live debate.” And if there’s ever been an apt last name…
  • Lennar and Millrose have a human centipede home selling ecosystem. Lennar makes the homes and owns Millrose, who buys the homes to rent out. And mysteriously helped Lennar hit their quarterly home-sale numbers.

  • At least he was ambitious. “ICE to deport illegal alien who pretended to be part of DHS and sold deportation “immunity” cards to other illegal aliens.”

    [Mario Cesar Dos Santos Jr.] Brazilian illegal immigrant who admitted to creating a fake branch of the Department of Homeland Security (DHS) and selling counterfeit DHS and FBI identification cards — which he claimed would provide immunity from federal immigration officers — has been ordered deported …

    As part of the scheme, Dos Santos claimed to be the president of the ‘Chaplain Emergency Management Agency’ (CEMA), a fictitious federal agency he created to trick attendees at training seminars into paying for immunity from immigration enforcement.

    While the training courses were offered for free, participants were charged $400 to $450 for bogus certificates they believed would protect them from deportation, authorities said. Each seminar drew approximately 30 to 45 participants.

  • In the UK, of course. “Fifteen-Year-Old Boy Is Arrested After Joking About How A Politician Dresses.”

    The leader of the Conservative Party on the Wolverhampton City Council, Simon Bennett, apparently can take anything but fashion criticism. The politician reportedly called the police on a 15-year-old boy for mocking his clothing style at meetings. It is the latest example of the collapse of free speech in the United Kingdom.

    A boy only identified as “Fraser” is a 15-year-old supporter of Nigel Farage’s Reform UK party. He found himself searched and arrested by four officers from the West Midlands Police at his home, locked in a cell, fingerprinted, subjected to a DNA search, and taken for a mugshot. The police then searched his bedroom and telephone.

    All of this was over his joking about how Bennett dressed in public.

  • “Georgia Bought a $954,578 Chevy, but Officials Won’t Say What’s Inside.” “Records obtained through Georgia’s open-records law show that Georgia purchased a 2026 Traverse in April from Hardy Chevrolet GMC. Its listed “TSE cellular communications package” cost $890,478.80, with another $25,394 for installation. The rest went to equipment officials won’t identify publicly, even as state lawmakers question whether a child-welfare agency should have technology normally associated with criminal investigations.”

    The Center Square reported last month how the department spent $639,000 on four other police-grade technologies that surveil web activity, extract the contents of cell phones and track cell phone locations. The prospect of the department spending nearly $1 million more on yet another surveillance tool—one that’s mobile and far more invasive—has lawmakers raising Fourth Amendment concerns, the constitutional protection against unreasonable search and seizure.

    “They are not a law enforcement agency, and my understanding is that that type of equipment is only supposed to go to law enforcement agencies,” state Rep. Beth Camp, R-Concord, told The Center Square after the news wire informed her of the spending. “That is surveillance. That is spy surveillance.”

    Something pretty funny is going on. (Hat tip: Stephen Green at Instapundit.)

  • “Jerry Seinfeld tells pro-Palestine heckler he’s giving her ticket money to Israel.”
  • Borepatch on why the New World didn’t discover Europe.

    In the year 1000 A.D. an unbiased world observer would never have picked Europe as the region that would dominate the globe. Probably they would pick China with its massive population or fabulously wealthy India. The Islamic Caliphate would have looked past its sell-by date but would have beaten Europe by a mile.

    Snip.

    In this day and age – and particularly on Columbus Day – it is frowned upon to ask these questions. The Powers That Be tell us that Europe got rich by stealing indigenous people’s wealth, conveniently ignoring the many other non-European powers that were much more brutal at doing that than the Europeans were. The Mongol Empire in 1300 would have had poll position for World Domination, as would the earlier Abbasid caliphate. If all it takes for World Domination is to steal other people’s stuff, what was it about Europe that was different?

    After all, China invented gunpowder. Why did Europe perfect it? Why did little England perfect the sailing Ship-of-the-Line? Why did the Divergence start and why there?

    Today I offer two books for interested readers that explain this. One of these could never be published today, and the author would never get tenure today. Fortunately (if that’s the right word) David Landes is safely dead and doesn’t have to worry about The Usual Suspects getting him denied tenure.

    Landes was a big deal in Economic History, authoring the section on the Industrial Revolution in the Cambridge Economic History. Late in his career, perhaps 30 years ago, he wrote The Wealth And Poverty of Nations, an economic history whose title was unashamedly stolen from Adam Smith. Landes insisted that social systems were key, and that some societies allowed progress towards a Great Divergence while other societies stifled attempts towards that progress.

    In other words, if your society doesn’t support the right efforts it doesn’t matter how much of other people’s wealth you steal; you’re going nowhere. We see this in the history of Spain which became fabulously wealthy by stealing New World wealth but squandered it, ending up at the bottom of European power rankings. You could say exactly the same thing about the Mongol empire, or the Caliphate.

    Landes’ arguments in the book are considered double-plus ungood by the woke crowd, so you might want to pick up a used copy from Amazon. The chapter on Argentina is particularly interesting in this age of President Milei. Interestingly, Milei was an Economist, and may have read Landes’ book.

    A second recommendation is less controversal with the woke crowd but is joined at the hip with the Great Divergence. The political cycle world wide has been the emergence of an empire, the collapse of the empire, and the rise of a successor empire. We see this in China, in India, in Mesoamerica.

    But not in Europe. Europe only had one great empire, Rome. When it fell, it was not replaced. Walter Scheidel wrote a book exploring why this unusual circumstance happened, Escape From Rome. Using Landes’ analytical framework, the Roman Empire did not encourage the types of behaviors that could have led to an Industrial Revolution, because those behaviors were seen by the Authorities as subversive to the state. But when Rome fell, there were unusual circumstances in Europe that prevented a new empire from rising in its place. Then competition between the poor emerging states set Europe on a very different path from the rest of the world. Basically, Europe escaped from Empire while the rest of the world didn’t.

    Read the whole thing.

  • If you want to list American cities least likely to flood, Las Vegas would seem a good bet (heh), but evidently an inch of rain is enough to turn it into Venice. 
  • “Hitler Mussolini wins Peruvian election.” “Hitler Mussolini Simeon Flores has secured a narrow victory in Peru’s local elections, exit polls show. The candidate for the centre-left Ahora Nación party was elected mayor of Queropalca, a remote district in the Peruvian Andes.”
  • Washington State FAed, and now they’re finding out. “Columbia Bank moving top executives to Arizona, citing Washington taxes.”

    A major Pacific Northwest bank is shifting some of its top leadership to Arizona.

    First reported by The Puget Sound Business Journal, the Columbia Banking System is opening an executive office in the Scottsdale area.

    The office will open later this month.

    The exodus of Columbia Bank executives began with CEO Clint Stein, who sold his Auburn home (for $2.45 million in September) to relocate to Arizona permanently. According to The Puget Sound Business Journal, the company said new Washington taxes are costing it approximately $8 million a year, prompting the decision to move most executive roles to Arizona.

    Democrats love raising taxes more than life itself.

  • Project Farm tests dash cams.
  • You know how people always go “Where’s my flying car?” Looks like Elon Musk will have one for you in 2028. Usual Musk timeline caveats apply.
  • This is a movie I want to see (but probably not in theaters): Paging Hezbollah.
  • “Democrats Warn Trump Of Dangerous Precedent Set By Law Enforcement Raiding Homes Of Political Opponents.”
  • “Fringe Conspiracy Theorist Still Believes James Talarico Not Insane.”
  • “Scientists Hard At Work Making IPhone Weather App Even Less Accurate.”
  • Beautiful rescue floof starts bunny hopping.

  • I’m still between jobs. Feel free to hit the tip jar if you’re so inclined.





    LinkSwarm For June 26, 2026

    Friday, June 26th, 2026

    More Medicare scammers captured, Trump wins multiple border security cases at the Supreme Court, the Supremes also drive a stake through a vampire, Ukraine hits a whole lot of bridges in occupied Crimea, dirty commies win Dem primaries in New York, and Tom Scott looks at some furry workers.

    It’s the Friday LinkSwarm!

  • “FBI arrests second fugitive on Most Wanted Fraudsters list, accused of $1.2B Medicare fraud scheme.”

    Federal Bureau of Investigation (FBI) Director Kash Patel announced that another suspect on the T White House Task Force to Eliminate Fraud’s new Most Wanted Fraudsters list has been apprehended.

    Patel posted on X Saturday that Herbert Leon Kimble, 60, was arrested in the Philippines thanks to the FBI and the Department of Justice (DOJ) task force led by Vice President JD Vance and Acting Attorney General Todd Blanche.

    “In just over two weeks, this is the second Most Wanted Fraudster arrested on the FBI’s list led by Vice President Vance and the White House Task Force to Eliminate Fraud,” wrote the director. “Herbert Leon Kimbel was apprehended in the Philippines and is now back in the United States, on the run since 2024 after he allegedly orchestrated a $1.2 billion healthcare fraud conspiracy that targeted the Medicare system – particularly elderly victims – from 2014-2019.”

    Kimble of Chicago, Illinois, is accused of targeting Medicare in a “large-scale healthcare fraud conspiracy” via “the improper marketing and distribution of durable medical equipment (DME), particularly orthopedic braces.”

    According to the FBI, from 2014 to 2019, he operated a scheme in which victims — often elderly — would be unnecessarily prescribed orthopedic braces for pain relief by telemedicine providers via call centers in the Philippines.

    Evidently it’s Medicare fraudsters with connection to the Philippines week here at BattleSwarm.

    DME suppliers affiliated with Kimble would then bill Medicare for reimbursement, resulting in over $1.2 billion in Medicare charges.

    On April 4, 2019, in the District of South Carolina U.S. District Court, he pled guilty to conspiracy to defraud the United States, to make a false claim to a department of the United States, to commit mail fraud, to commit wire fraud, to commit healthcare fraud and to offer kickbacks and bribes in connection with the scheme.

    He subsequently failed to appear for his sentencing hearing on August 27, 2024, resulting in the issuance of a federal arrest warrant that same day, charging him with failure to appear.

    The FBI offered a reward of up to $150,000 for information leading to his arrest and conviction.

    Kimble is the second individual on the most wanted list that has been apprehended.

    Last week, Said Abdullahi Ereg, 47, was also arrested after he surrendered to authorities in connection with an alleged $4 million scheme involving the Federal Child Nutrition Program during the COVID-19 pandemic.

    Ereg ran a grocery and deli in Minneapolis sponsored by Feeding Our Future. He was initially issued a federal arrest warrant in January 2024 and was indicted in June 2024 by a federal grand jury for conspiracy involving wire fraud and money laundering.

    The FBI’s Most Wanted Fraudsters list can be found here.

  • Two wins for Trump on immigration enforcement at the Supreme Court.

    The Supreme Court this morning, in a pair of 6–3 opinions written by Justice Samuel Alito, gave the Trump administration’s border policies two more big wins. Both pared back humanitarian bases for admitting people into the country. Mullin v. Doe allowed the administration to revoke Temporary Protected Status (TPS) designations granted by the Biden administration — specifically for Haitians and Syrians, but the decision’s logic, which bars judicial review of revocations, would seem to compel the same outcome for Venezuelans. Mullin v. Al Otro Lado allowed immigration officials to prevent people from reaching the border to present asylum claims, because the law allows those claims to be presented by an alien who “arrives in the United States.”

    Along with Tuesday’s decision in Blanche v. Lau, which strengthened the government’s power to exclude criminal aliens prior to their convictions, this was a clean sweep for immigration hard-liners. That may take some of the sting out of the Court’s pending decision in Trump v. Barbara, which could come as soon as Monday and is expected to be a loss for Donald Trump’s executive order limiting birthright citizenship.

    In the backdrop of Mullin v. Doe are the divergent attitudes of the Biden and Trump administrations toward TPS, but the actual ground of battle, as our editorials have emphasized, is the language of the TPS statute and whether courts should take the written law seriously.

    The TPS statute, enacted in 1990, allows the president to designate particular countries as unsafe because of war, natural disasters, epidemics, or other temporary crises and therefore give their nationals temporary protection to stay within this country. Before the statute’s enactment, presidents would sometimes grant such protection as a discretionary matter but with no statutory authorization and, in effect, no rules. In that sense, TPS is like the 1977 tariff statute at issue in Learning Resources: It was designed to provide rules of the road for the executive to follow in responding to emergencies. Prior to 1990, the judiciary had treated these executive decisions as exercises of discretion that courts could not review.

    Of course, nothing is so permanent as a temporary government program. For some countries, TPS has been continually in force now for decades, making a mockery of the “temporary” designation. Somalia has had a TPS designation for 35 years, and Nicaragua, Honduras, and El Salvador have been so designated for more than 25 years. Haiti received a TPS designation because of an earthquake 16 years ago.

    The statute is written to reflect broad executive discretion. The secretary of homeland security “may” grant TPS to nationals of a particular country based on a series of statutory criteria but is under no obligation to do so. Several of the criteria explicitly reference conditions “temporarily” existing in the foreign country. By contrast, the statute requires TPS to be terminated if the secretary finds that the home country “no longer continues to meet the conditions for designation.” The law thus contemplates ongoing review — the secretary is mandated to conduct a new review at least once every 18 months — and DHS violates the law if it extends TPS when the conditions justifying it no longer exist.

    That may be particularly important when a foreign tyranny is suddenly toppled and replaced by a new government, as has happened recently in both Syria and Venezuela. Syria’s designation was applied in 2012 because of the civil war that sought to topple the Assad regime, which ended with Assad’s departure in late 2024. Once TPS is revoked, the affected foreign nationals are given 60 days before they must either leave the United States or secure some other legal basis to stay. The 60-day provision was designed by Congress to accommodate the reliance interests of foreigners here temporarily, who have been given work permits but who knew from the outset that shelter on American shores was explicitly temporary.

    The Biden administration tried to lock in its successor on these inherently fluid, temporary foreign policy assessments by granting TPS extensions, in some cases just days before Joe Biden left office. For example, Alejandro Mayorkas, the impeached-but-not-tried secretary of homeland security, extended TPS for Venezuela on January 17, 2025. By contrast, the Trump administration has terminated every TPS it has reviewed, 13 of them so far. Trump has been quite open about this as a deliberate policy.

    Can courts review TPS designations? Congress didn’t think so. We know that because Congress said so in terms that could hardly be more explicit: “There is no judicial review of any determination of the [secretary of homeland security] with respect to the designation, or termination or extension of a designation, of a foreign state.” The TPS litigation that has been ongoing since the outset of the second Trump term has dragged on this long because multiple lower court judges (including the Ninth Circuit) decided to judicially review what Congress said explicitly they may not judicially review. As Alito noted, judicial orders stopped Trump from ending TPS for Haiti, Syria, Venezuela, Burma, and Ethiopia and also prevented Trump from ending TPS for Haiti during his first term, in 2018.

    Alito began with whether the law written by Congress means what it says, and his opinion is almost comical in attempting to take seriously the ridiculous contention that it doesn’t. “This text is clear, and its plain meaning is very broad,” he noted, and he explained why the word “determination” means decisions that the secretary is empowered and in some cases required to make.

  • “Supreme Court Drives a Stake Through Hawaii’s ‘Vampire Rule.'”

    IAt stake was a Hawaiian statute, Act 52, that inverted the usual presumption that governs public access to generally accessible private property, but only where firearms are concerned. Prior to the passage of Act 52, Hawaiians who were able to obtain carry permits (which, before Bruen, was effectively impossible) were allowed to enter any generally accessible private space while carrying a firearm — unless the property owner explicitly signaled otherwise. After Act 52, Hawaiians with carry permits were allowed to enter any generally accessible private space while carrying a firearm only if the property had signaled that it was acceptable. (Gothic lore holds that vampires must be explicitly invited to enter one’s home before they may cross the threshold. Hence: “vampire rule.”)

    As the Court correctly noted, this change — which was made directly after Bruen, and which shifted only the rules governing firearms, and no others besides — was explicitly designed to impede “the ability of law-abiding citizens to exercise the right Bruen recognized as they go about their daily lives.” That being so, it fell.

    Writing for the majority, Justice Alito recorded that:

    At common law, opening up private property to the general public implies a “license to all persons to enter,” meaning that “no person is a trespasser by merely entering therein” unless the property owner has given “due notice” that such a person is banned.

    “Hawaii’s shift from the common-law rule,” Alito concluded, “unquestionably imposes a new and significant burden on the exercise of the right recognized in Bruen.”n a 6–3 vote, the Supreme Court has struck down Hawaii’s “vampire rule” as a violation of the Second and 14th Amendments to the U.S. Constitution. This was the right result, and, once again, it is a disgrace that the decision was not unanimous.

    During briefs and at oral argument, Hawaii offered up three main defenses of its law. The first defense was that it has historically had much stricter firearms laws than much of the rest of the United States. Alito dealt with that one quickly:

    As the plurality explained in McDonald, the Second Amendment has the same meaning in all parts of the United States. 561 U. S., at 784–785. It cannot give way to “the spirit of Aloha” in Hawaii, contra, State v. Wilson, 154 Haw. 8, 27, 543 P. 3d 440, 459 (2024), any more than it can yield to the spirit of the Big Apple (Bruen) or the Windy City (McDonald).

    Aloha, “spirit of Aloha.”

    No, Hawaii, you can’t argue that “Historically, Hawaii has ignored the constitution” as an excuse to ignore it further…

  • “Eight Antifa Members Who Attacked Texas ICE Facility Sentenced to Collective 450 Years in Prison.”

    The U.S. Department of Justice (DOJ) announced the sentencing eight “North Texas Antifa Cell” operatives to a total of 450 years in prison on Tuesday for their various roles in the July 4, 2025 attack on the Prairieland U.S. Immigration and Customs Enforcement (ICE) Detention Center in Alvarado.

    “Testimony and other evidence at trial established that the defendants were members of a North Texas Antifa Cell, part of a larger militant enterprise made up of networks of individuals and small groups primarily ascribing to an ideology that explicitly calls for the overthrow of the United States Government, law enforcement authorities, and the system of law,” a June 23 DOJ press release said.

    On July 4 of last year, the Antifa members dressed in dark clothing with head and face coverings, forming a “black bloc” in order to conceal their identities and make them indistinguishable from each other. Evidence revealed they had 11 firearms, body armor, and 11 “military-grade first aid kits with tourniquets and other items to treat gunshot wounds to the scene of the attack.”

    They began shooting fireworks and vandalizing vehicles and a guard shack at the property. Alvarado police officers responded to a 9-1-1 call about the attack. Ringleader Benjamin Song was heard on a bodycam recording yelling, “Get to the rifles!” — after which the group opened fire on the officer, hitting him in the neck.

    Many of the Antifa members were arrested near the scene, but Song escaped and was not arrested until July 15.

    The DOJ said this is the “first sentencing of defendants affiliated with Antifa following President Donald J. Trump’s executive order designating the group as a Domestic Terrorist Organization in September 2025.”

    In March, nine of the Antifa members were convicted for “their roles in rioting, using weapons and explosives, providing material support to terrorists, obstruction, and the attempted murder of an Alvarado police officer.”

    Of the nine, eight were sentenced on Tuesday, including Song, who received the harshest sentence of 100 years in prison for the attempted murder of the officer. Evidence from the trial showed that Song acquired and distributed firearms to the co-defendants and “recruited members at gun ranges and combat sessions he conducted, as well as from various ideologically aligned groups.”

    Maricela Rueda was sentenced to 70 years; Cameron Arnold, Savanna Batten, Zachary Evetts, Bradford Morris, and Elizabeth Soto to 50 years each; and Daniel Rolando Sanchez-Estrada to 30 years.

    Ines Soto was granted a continuance and will be sentenced on July 1, along with seven co-defendants who all pleaded guilty to one count of providing material support to terrorists: Seth Sikes, Nathan Baumann, Joy Gibson, Susan Kent, Rebecca Morgan, Lynette Sharp, and John Thomas.

    Seven others who pleaded guilty to providing support to the terrorists will be sentenced on July 1.

  • I didn’t have time to include The Tulsi Gabbard/Fauci story in last week’s LinkSwarm.
    1. Fauci, as NIAID director, directed millions in U.S. taxpayer funds (via Peter Daszak of EcoHealth Alliance and other entities) for gain-of-function research on bat coronaviruses in Wuhan.
    2. Fauci had close relationships with intelligence-community leaders and provided hand-picked NIAID-funded scientists as advisors, which was used to promote a natural-origin narrative and downplay the lab-leak theory. Fauci played a direct role, even meeting with the CIA to assist in a coverup.
    3. Fauci LIED to Congress in 2024 when asked about his involvement in these schemes (there is a long trail of evidence proving this).

      The Office of the Director of National Intelligence released declassified documents to support her claims, which can be found here.

  • “Kerch Oil Depot Hit By Drones: Close to the Kerch Bridge.”
  • “Storm Shadow Strike on Semiconductor Plant in Voronezh: Four Hits.”
  • “Voronezh Update: Major Damage to Semiconductor Plant in New Video & Satellite Imagery.”
  • “Moscow Oil Refinery: Satellite Imagery Shows Extensive Damage.”
  • “Key Bridge in Vasylivka Destroyed in Big Ukrainian Air Strike.”
  • “Ukraine Destroys Key Railway Bridge in Crimea! ”
  • “Satellite Imagery Shows Severe Damage to Crimean Bridges.”
  • “Ukrainian Drones Hit the Poltavskaya Oil Depot.” This was in Krasnodar Krai.
  • “Ukraine Destroys Multiple Russian Ferries at Port Kavkaz.” This was near the Kerch Strait.
  • “Ukraine Hits TWO Russian Support Ships and a Ferry in Zatoka Shipyard Near Kerch.”
  • Ukraine also hit 38 different targets in Crimea; radars, electrical substations, oil storage, etc.
  • “Zelenskyy says drone signal repeaters in Belarus have been switched off.”

    Ukrainian President Volodymyr Zelenskyy has said that signal repeaters on the territory of Belarus that had been helping Russian drones strike Ukraine ceased operating on 22 June….

    “Based on the available information reported to me by the Commander-in-Chief [of the Armed Forces of Ukraine, Oleksandr Syrskyi] and intelligence services, the relevant signal repeaters stopped operating on the territory of Belarus on 22 June. I don’t know yet whether they have been dismantled, to be honest. But we are working on this, and I am keeping a very close eye on the situation and receiving daily reports. It is a fact that the signal repeaters are not operating today.”

    On 19 June, Zelenskyy issued an ultimatum to self-proclaimed Belarusian president Alexander Lukashenko, giving him a week to dismantle the signal repeaters used to adjust Russian drone strikes on Ukrainian cities, or Ukraine would do it itself.

  • Old and busted: Russia puts heavy air defense around Putin’s vacation palace. The new hotness: Russia torn down the palace. Puzzling.
  • “Why Every High School Student Is Learning to Shoot a Gun – in Latvia.” Every country bordering Russia should legalize private ownership of firearms and do the same. (Hat tip: KR Training.)
  • A huge earthquake rocked Venezuela this week, with death toll unknown but expected to be high.
  • Despite Abigail Spanberger’s best efforts, the Second Amendment still applies to Virginia.

    Things went from bad to worse for Democrats on Thursday afternoon after a judge in Virginia issued a preliminary injunction on the “assault firearms” and high-capacity magazine ban that was set to go into effect in the Commonwealth on July 1. The judge from Lancaster County, located in the Northern Neck of Virginia, ruled that the Virginia State Police (VSP) cannot enforce the bans through December 31, 2026 or until a final order is issued.

    The lawsuit was brought against the superintendent of the VSP by the Virginia Citizens Defense League (VCDL) and Gun Owners of America (GOA), who took well-deserved victory laps on social media.

    There’s also another law case winding its way through the courts. (Hat tip: Stephen Green at Instapundit.)

  • “Mamdani-Backed Socialists Sweep New York House Primaries.”

    New York City Mayor Zohran Mamdani’s endorsement proved influential in three key congressional primary races on Tuesday, as his favored progressive candidates prevailed over opponents more closely aligned with the Democratic establishment.

    New York State Assemblywoman Claire Valdez and Harlem community organizer Darializa Avila Chevalier, both of whom were also backed by the Democratic Socialists of America, won races in New York’s seventh and 13th congressional districts, respectively. Meanwhile, former city comptroller Brad Lander, a progressive former DSA member, pulled off an impressive upset over incumbent Representative Dan Goldman in NY-10. Lander is a Jewish progressive who left the DSA in 2023 after it held a pro-Palestinian rally just one day after Hamas’s terror attacks on Israel on October 7, 2023.

    Lander and Goldman, who is also a Jewish Democrat, both made their stances on the Israel-Hamas war a key part of their respective campaigns. Lander, who sits to the left of Goldman politically, had criticized his opponent for failing to take a tougher stance on Israel.

    Avila Chevalier prevailed over incumbent Representative Adriano Espaillat despite her status as the most controversial of the three Mamdani-backed progressives. While Espaillat is the chairman of the Congressional Hispanic Caucus “who has over the years built a political machine of his own in upper Manhattan and parts of the Bronx,” according to Politico, Avila Chevalier is a first-time candidate who was well known in Harlem for her pro-Palestinian activism but whose unearthed social media posts made her a political liability for the DSA. Those posts included messages blasting Democratic politicians, including one 2021 post in which she wrote “f*** Kamala Harris,” and others against an array of topics from the police to Israel and private property.

    Mamdani, for his part, said he wasn’t aware of her past comments when he endorsed her, but he did not pull his endorsement nonetheless.

    The mayor also endorsed Valdez in her bid to assume the seat left open by retiring Representative Nydia Velázquez. The outgoing Democratic congresswoman had endorsed Brooklyn Borough President Antonio Reynoso as her replacement. Mamdani and the DSA’s decision to endorse a different candidate led to a falling out with Velázquez, who had been an early supporter of Mamdani’s mayoral run.

  • China’s oil reserves aren’t.

    In late May Chinese leaders travelled to the Zhoushan National Oil Reserve and discovered the nation’s strategic oil reserves weren’t there. For over a year, the disruption of oil supplies from Venezuela and Iran had left Chinese oil reserves reduced. Despite that, government documents indicated that China still had 1.2 billion tons of oil reserves. That’s equivalent to 8,756,117,022 barrels.

    China’s strategic oil reserve, to the surprise of the government officials who went to verify the reserves in May, was instead composed of water, sludge, various debris and overflow from nearby sewer lines.

    Because the Americans dominated global energy supplies, the Chinese oil reserve served as a major cushion to any disruptions to Chinese oil imports from the Persian Gulf, especially Iran whose main customer was China. Under America’s global energy stranglehold, Chinese crude oil stockpiles have reached the verge of collapse at the slightest exposure.

    The current Chinese vulnerability stems from the American disruption of Venezuelan oil exports to China and more recently a similar situation with Iranian oil exports to China.

    China’s strategic oil reserve was insurance against disruptions in Venezuelan and Iranian imports. With its oil reserves revealed as a sham, China finds itself in a desperate situation. What happened to Chinese oil? It was soon discovered that corrupt government officials and oil reserve personnel had sold the oil and pocketed the proceeds. The local buyers were often operators of small, locally owned refineries that turned the oil into commercial products that were sold throughout China. Most of these oil criminals then fled, often leaving China for sanctuary states that would welcome any affluent Chinese and their new wealth. The only winners were a few conniving Chinese and the Americans, who continued to dominate the global energy system.

    (Hat tip: Bayou Renaissance Man.)

  • “John Bolton Pleads Guilty to Mishandling Classified Information, Faces Five-Year Prison Sentence.” He should have stayed as UN Ambassador, where he was useful scaring other nations, and everyone would have been happier.
  • “For every hour employees think they save using AI, they spend an hour ‘botsitting.'”
  • American memory company Micron blows away earning guidance.
  • Bungie went woke and now they’re going broke.
  • Why Spirit Airlines failed. “Perhaps the Biden DOJ should have allowed the JetBlue merger.” Yay think?
  • Meme for the week:

    (Hat tip: Sarah Hoyt.)

  • Important tip: If you’re a Bexar County judge and you’re given an official YouTube channel to livestream your court proceedings, don’t use it for your book club.
  • “Woman who emptied Knicks trashcan on street — then stole it — is fired from JPMorgan Chase, was DEI exec.” Shocked face engaged. (Hat tip: Dwight.)
  • How Adam Savage sorts his connector cables.
  • The Lock-Picking Lawyer: “I didn’t think it was possible, but somehow Master Lock has now tarnished its name even more with a brand new line of padlocks.” Evidently the Elite line isn’t.
  • Tom Scott looks at…ferrets?
  • Critical Drinker liked The Furious.
  • The Pitch Meeting for Disclosure Day.
  • Jeremy Clarkson: “The observant among you will notice that I’m not dead yet.”
  • Dwight offers up a look at some early Smith & Wesson history.
  • “New Yorkers Excited To See How Never-Before-Tried Government Called ‘Socialism’ Turns Out.”
  • “Al-Qaeda Wins New York Primary.”
  • “New ‘Communist Catan’ Expansion Set Just Makes Players All Wait Their Turn For Grain.”
  • Soccer finally accomplishes something.

    (Hat tip: Ace of Spades HQ.)

  • I’m still between jobs. Feel free to hit the tip jar if you’re so inclined.





    LinkSwarm For May 1, 2026

    Friday, May 1st, 2026

    Iran is beyond broke, more Trump assassination repercussions, FBI finally raids some fraudsters, racial carve-out congressional districts are unconstitutional, Russia loses more ships and planes, Cornyn amnesty pander unearthed, an oil theft ring busted, DEI earns some college pink slips, and a brand spanking new Microsoft Zero Day exploit.

    It’s the Friday LinkSwarm!

  • Remember that today is Victims of Communism Day.

  • Iran’s economy is toast.

    The Wall Street Journal offers a deep dive into the state of Iran’s wartime economy. And it turns out that the mullahs are, effectively, broke:

    Government revenue has dried up just as the needs of its population are rising.

    The war has thrown around one million people out of work directly and another million indirectly, according to early estimates cited by Gholamhossein Mohammadi, an official at Iran’s Labor and Social-Affairs ministry. That is a significant portion of the roughly 25 million people who are normally employed in Iran.

    The cost of living has soared, with the annual inflation rate reaching 67 percent in the month through mid-April from the same period a year earlier, according to Iran’s central bank. The subsidized price of red meat, which was mostly imported through sea routes, has gone up to the equivalent of around $3.60 a pound, beyond the reach of most in a country where the minimum wage is around $130 a month.

    “Living is not affordable anymore,” said Mahdi Ghodsi of the Vienna Institute for International Economic Studies. “Iran is at its weakest point.”

    Businesses across the country — from manufacturers to retailers — are closing, residents said. The lack of steel and other raw materials is hampering production in various industries. Electronic goods, which are mostly imported, are in short supply and expensive.

    A 67 percent inflation rate? The worst we’ve experienced in recent memory was 9.1 percent in June 2022.

    Snip.

    “Iran’s rial weakened on Wednesday, with the dollar trading at around 1.8 million rials, according to market trackers. The rate reflects continued pressure on the local currency amid economic strains.” Back at the start of January, this newsletter informed you, “When Ruhollah Khomeini swept to power in 1979, one US dollar traded for 70 rials. Today, that same dollar commands a staggering 1,130,000 rials, more than 16,000-fold its price in 1979. In the last year alone, the rial has lost 50 percent of its value.” The Iran rial was the weakest currency in the world . . . back when one dollar could buy you 1.3 million rials.

    Plus the specter of hunger riots.

  • Our ridiculous media referred to the attempted Trump assassination as a “security incident” or “loud noise.”
  • The left is made up of horrible people. “Meet the teachers who decided to voice their displeasure that Trump wasn’t murdered over the weekend.”
  • The latest Trump assassination attempt and the left’s hate machine.

    The security establishment has promised and made better security arrangements after the two prior attempts on Trump’s life in 2024 in Butler, Pa., and West Palm Beach, Fla., the assassination of Charlie Kirk at an open-air Utah college campus in 2025, or the wounding of congressman practicing baseball at a suburban Washington field all the way back 2017.

    Those events – along with the BLM riots in summer 2020, the Antifa attacks on immigration agents, the execution of the United Health Care CEO and the attempted assassination of Justice Brett Kavanaugh near his personal home – have something more in common than just the exploitation of current security postures.

    They all, according to publicly released evidence, involved perpetrators influenced by a vast left-wing machinery that bombards social media, community protests and even establishment television with an unrelenting message of hatred and intolerance that can dehumanize the targets of violence and motivate armed actors to action, experts said.

    That machinery ranges from nonprofits like the Southern Poverty Law Center, which actually paid racist actors in the name of fighting extremism, to the organizers of the No Kings protests who unleashed hundreds of thousands of old and young protesters onto the streets on the false notion that America has somehow become a monarchy under Trump.

    In between, elitists and teachers have infused the nation with claims that America’s history is racist and unrighteous and that young Americans are predestined to fates determined as oppressors or the oppressed based on their skin color. And well-funded nonprofits consorting with America’s enemies in China and Cuba are openly fomenting a color revolution in hopes of securing a Marxist future on U.S. soil.

    Allen appears to have been influenced by some of that ideology, as well as Democrats’ incessant but unfounded claims that Trump was involved in the late Jeffrey Epstein’s sex trafficking.

    The manifesto police said Allen wrote suggested he was “no longer willing to permit a pedophile, rapist, and traitor to coat my hands with his crimes,” and that he subscribed to the Marxist paradigm of critical race theory that divides people into oppressors and the oppressed.

  • Who funded American Nazis and the KKK? You did, through USAID.

    (Hat tip: Instapundit.)

  • Finally: “FBI and DHS Raid Dozens of Minnesota Fraudsters, Including ‘Quality Learing Center.'”

    Federal officers are conducting raids of suspected fraudsters in Minneapolis on Tuesday, including the most infamous Somali-linked false front, the “Quality Learing Center.”

    The FBI and the Department of Homeland Security’s Homeland Security Investigations (HSI) are targeting more than 20 locations in their latest operation against the massive Minnesota fraud network, according to Fox News correspondent Bill Melugin, who said that he spoke with the Department of Justice (DOJ), the FBI’s parent agency. The size and scope of the Minnesota fraud scandal, which is heavily linked to the Somali community there, but also implicates multiple Democrat politicians, including Gov. Tim Walz, Attorney General Keith Ellison, and Rep. Ilhan Omar, continues to astound patriotic Americans.

    Melugin posted on X April 28, “Sources tell FOX the locations are largely Somali linked businesses, including the infamous ‘Quality Learning Center’. I’m told these are court approved search warrants being served and they are tied to fraud, not immigration enforcement. Fox is told 22 search warrants were executed in Minnesota this morning.”

    He also shared a statement from a DOJ spokesperson: “Today the FBI with federal, state and local law enforcement is involved in court-authorized law enforcement activity as part of an ongoing fraud investigation.”

    While investigating apparent false fronts for taxpayer-funded daycares in Minnesota, journalist Nick Shirley found one that had even misspelled “learning” in its own name on its sign, calling the place a “Quality Learing Center.” Tikki Brown, the commissioner of Minnesota’s Department of Children, Youth, and Families, then asserted that the childcare facility in question closed down the previous week, explaining why Shirley didn’t see any children there. But on Dec. 29, the same location was “packed with kids.” Apparently, some fraudster panicked and summoned children to provide a veneer of legitimacy. It’s The Truman Show in real life.

    (Hat tip: Stephen Green at Instapundit.)

  • Teacher’s unions are a huge funder of leftwing causes.

    A new pair of reports is shedding fresh light on how teachers unions across the country have quietly poured more than $1 billion into political causes over the past decade, with a top education watchdog warning the spending reflects a growing focus on activism rather than classroom priorities.

    According to research from Defending Education, national teachers unions alone have directed roughly $669 million toward left-wing political groups, advocacy organizations and campaigns since 2015. When state and local affiliates are included, that figure balloons to more than $1 billion in total political spending.

    The reports track spending from the two largest unions, the National Education Association (NEA) and the American Federation of Teachers (AFT), as well as their state-level affiliates, using federal filings and campaign finance records.

  • The Supreme Court strikes down racial gerrymandering.

    The Supreme Court just handed down one of the most consequential redistricting decisions in a generation — and Democrats are not going to like it one bit.

    In a 6-3 ruling in Louisiana v. Callais, the majority held that Louisiana’s congressional map — redrawn to include a second majority-black district — constitutes an unconstitutional racial gerrymander under the Fifteenth Amendment. The Court stopped short of striking down Section 2 of the Voting Rights Act entirely, but it dramatically narrowed the ways in which states may use race when drawing congressional maps.

    For Republicans eyeing the House in 2026, this is the kind of ruling that changes the math.

    I’m sure I don’t have to tell you which justices dissented.

    The ruling’s immediate implications are huge. As we’ve previously reported, Republicans could potentially pick up anywhere from 12 to 19 new House seats across the South, as states seize the opportunity to redraw maps that were previously constrained by Section 2 requirements.

    (Hat tip: Charlie Martin at Instapundit.)

  • “Southern Poverty Law Center donors include George Soros, JPMorgan, George Clooney — as nonprofit ‘funneled’ millions to hate group.”

    The Southern Poverty Law Center (SPLC) has been funded by big name businesses and philanthropists including George Soros, JPMorgan, ex-Apple CEO Tim Cook and George Clooney.

    The group — indicted Tuesday for allegedly funneling millions to the hate groups it says it is ideologically against — also holds over $786 million in assets, yet still solicits donations.

    In fact, it took in $106 million in donated cash 2024, according to its latest available financial disclosures, yet still ran “urgent” appeals for “emergency” cash.

    Over the years, donations have been made by big name donors, many of whom pledged to the organization after clashes at a 2017 by “Unite the Right” white supremacist rally in Virginia, which resulted in the death of one protester.

  • Tuapse hammered again. “Ukraine seems to hammer this every day now.”
  • “Huge Strike on Russian Command Post: Nine Officers Eliminated. Another FSB Also Hit.” In Luhansk.
  • “Ukraine Advances 15km And Liberates Ternove Near Dnipro.”
  • “Three Russian Ships & MiG-31 Hit By FP-2 Drones in Crimea.”
  • “Iskander Storage Hit by FP-2 Drones in Crimea.” Not clear they penetrated the bunkers.
  • “Ukraine Hits Shadow Fleet Tanker Marquise with Marine Drones.” “The vessel was hit about 210 kilometers southeast of Tuapse, Russia” in the Black Sea.”
  • “A Su-57 stealth aircraft was destroyed by drones at Chelyabinsk, confirmed by satellite imagery with Ukraine reporting two destroyed and a Su-34.” This is some 1,600km away from Ukraine.
  • “After Al-Qaeda in Mali (JNIM) [Jama’at Nasr al-Islam wal Muslimin] & FLA [Azawad Liberation Front] took the city yesterday, the Russian Africa Corps & Malian soldiers fled to a military base outside town where they got surrounded…The Russians negotiated an exit from the [base] and fled. But the agreement didn’t include the Marian soldiers who were left behind. So, Russia once again abandoning its supposed allies as soon as the going gets tough.” Mali rebels also shot down a Russian helicopter.
  • Speaking of Mali: “Defense minister killed in united al-Qaeda and ISIS jihad attack, country on verge of collapse.”

    Mali was on the brink of collapse last year as al-Qaeda affiliate Jama’at Nusrat al-Islam wal-Muslimin (JNIM) unleashed attacks on the country. Then came a report that Jihad Watch covered yesterday about renewed attacks that injured 16 people, as efforts to create an Islamic state in Mali escalated. The new siege rapidly spiraled into much worse, with JNIM, ISIS and Northern rebels coordinating attacks. Mali’s defense minister was killed.

    I’m guessing the ISIS here is the Islamic State in the Greater Sahara.

    Mali’s military government, which Gen. Assimi Goïta leads, broke ties with France in 2021-2022 and hired the Russian Wagner Group (known as the Africa Corps) to fight the rebels.

    Technically, Wagner Group and Africa Corps are different Russian mercenary groups, though I’m sure a lot of soldiers for the former ended up in the latter.

    The siege also served as “a major blow to Russia as the mercenaries had no intelligence about the attacks and were unable to protect major cities.”

    Mali now faces an existential threat, which Kurdistan24 News characterized as “a profound failure for Mali’s Russian-backed military junta, signalling severe regional instability.”

    Governments in the Sahel have never been the most stable, but the Russian-backed coups there have made things measurably worse.

  • Dispatch from the Texas Senate Runoff: “Cornyn Touted Legalization for Illegal Aliens in 2020 Campaign Ad.”

    A resurfaced 2020 campaign ad shows U.S. Sen. John Cornyn promoting his support for the “legalization of Dreamers”—a message that has since been removed from his YouTube channel.

    In the Spanish-language ad, a narrator proclaims that, while Cornyn supports secure borders, he “firmly supports legalization of Dreamers.”

    The video, which was previously available on his official YouTube channel, was quickly removed after circulation on social media.

    Created by executive action under President Barack Obama in 2012, the Deferred Action for Childhood Arrivals (DACA) program allows certain individuals brought to the United States illegally as children, known as “Dreamers,” to remain in the country and shields them from deportation.

    The program was challenged by President Donald Trump and Attorney General Ken Paxton, who argued it was unconstitutional. The U.S. Supreme Court ultimately blocked the Trump administration’s attempt to end the program in a 5–4 ruling.

    The messaging aligns with comments Cornyn made on the Senate floor in 2020 regarding recipients of the Deferred Action for Childhood Arrivals program following that Supreme Court ruling.

    “DACA recipients must have a permanent legislative solution. They deserve nothing less,” Cornyn said at the time. “We need to take action and pass legislation that will unequivocally allow these young men and women to stay in the only home, in the only country, they’ve known.”

    Cornyn also described the uncertainty surrounding their status as “terrifying” and said many recipients have built careers and families in the United States.

    “These young people deserve better,” he added.

    The senator further noted he had been working with advocacy groups and stakeholders—including the Texas Hispanic Chambers of Commerce, LULAC, and Catholic bishops—to find a long-term solution.

    Cornyn has long been known as a squish on amnesty, but no Republican should be seeking the approval of the hard-left LULAC.

  • “Former Fauci Adviser Indicted for Allegedly Concealing Covid-Related Records.”

    David Morens, 78, worked under Fauci while he served as director of the National Institute of Allergy and Infectious Diseases. The DOJ charged Morens with conspiracy against the United States; destruction, alteration, or falsification of records in federal investigations; concealment, removal, or mutilation of records; and aiding and abetting. The case is being prosecuted by the U.S. Attorney’s Office for the District of Maryland.

    Morens, along with two unnamed co-conspirators, “concealed, removed, destroyed and caused the concealment, and removal of federal records to evade FOIA [Freedom of Information Act] and FRA [Federal Records Act],” according to the indictment.

    During his time at NIH, which ran from 2006 to 2022, Morens used his personal email account to conduct government business, specifically discussing the origins of Covid-19 with Manhattan-based nonprofit EcoHealth Alliance president Peter Daszak. Morens deleted said emails after sending them.

    He also spoke with NIH’s FOIA liaison, asking for tips on how to evade FOIA requests.

    Sure acts like he’s guilty, doesn’t he?

  • “Despite state law, we’re secretly keeping DEI.” College: “All right, then, enjoy this pink slip.”
  • “Poll: Trump’s approval rating among Catholics INCREASED after his scuffle with Pope Leo.”
  • “Overwhelming Opposition in Spain to Giving Amnesty to 500,000 Illegal Immigrants.”
  • This war goes to 11.
  • More rank Biden Admin dishonesty: “Biden SBA hid $90 million in loans to Planned Parenthood by calling them ‘Benghazi’ in emails.”
  • The UAE leaves OPEC.
  • “Fourteen Indicted for Alleged Texas-New Mexico Permian Basin Oilfield Theft.”

    Fourteen defendants from Texas and New Mexico were federally indicted for large-scale oil theft in the Permian Basin.

    The United States Attorney’s Office for the Northern District of Texas announced on April 22 that the 14 conspirators were indicted for the alleged transport and theft of crude oil across the Texas-New Mexico border.

    The criminal activity allegedly took place in the Permian Basin, which is responsible for nearly 40 percent of all oil production in the U.S.

    Snip.

    The Texas defendants are Randell Wayne Reid, age 41, of Electra; his father, James Darrell Reid, 65, also of Electra; and Christopher Frederick Harris, 22, of Seminole. Randell Reid and James Reid are both owners of Reidco Enterprises, a Texas-based company.

    The defendants allegedly conspired to steal crude oil from the Permian Basin, “some of which was then stored on land that one of the conspirators leased from the United States government,” according to the U.S. Attorney’s Office. Stolen crude oil was then sold to the other conspirators well below the market value set by West Texas Intermediate (WTI) pricing. WTI is used as a benchmark to set crude oil prices in the region.

    The indictment of Randell and James Reid restates these claims, adding that the men conspired to trade oil across the state borders.

  • Spirit Airlines to cease operations tomorrow, thanks in part to Elizabeth Warren blocking a merger with JetBlue.
  • Sony will lock the games you’ve already paid for if you don’t log into the Internet every 30 days. (Update: Now Sony claims you only have to log in once.)
  • Another day, another another Microsoft zero day exploit, this one called BlueHammer.

    Not quite.

    The zero-day flaw combines a time-of-check to time-of-use (TOCTOU) race condition and path confusion in Windows Defender’s signature update system, according to an advisory from the Retail & Hospitality-Information Sharing and Analysis Center (RH-ISAC). If exploited successfully, a local user can access the Security Account Manager (SAM) database, obtain password hashes, and eventually gain administrator rights using the pass-the-hash technique, which would give the attacker full system control.

    Local user rather than remote, so that mitigates the potential attacker pool. (Hat tip: Borepatch.)

  • Louis Rossmann, call your office. “Conroe residents say city is stonewalling their requests for information on Flock Safety cameras.”

    People in Conroe are asking city officials for answers about how Flock cameras are being used and where the collected information ends up.

    Residents say they feel like they are not getting straight answers.

    Residents are working to learn how these cameras operate and, on Thursday, spoke to ABC13 about their demands for city officials to be more transparent, as they feel their questions are being ignored.

    “Everybody in the community wants to feel safe. Everyone agrees this could help with kidnappings and hit-and-runs. To me, I just haven’t seen the data that proves that,” said concerned citizen, James Fletes.

    Officials have said in the past that Flock cameras read license plates and alert police if the plates are linked to any crimes.

    This technology has been used in the greater Houston area for years. In Conroe, some people say they are worried about the number of cameras and the lack of information about them.

    Fletes says this concern led him to file a public records request with the city of Conroe. He asked questions such as how many cameras there are, how they work, where the data goes, and who can access it.

    He says the city told him it would cost $1,200 to release the information, so he and others in the community joined forces to cover the cost.

    “This is no longer just my request. It’s the people of Conroe’s request. They funded it, and we’re tired of being stonewalled,” said Fletes.

    The original request was sent in March. Now, it’s almost May, and he says no information has been released yet.

    “They were quick to take the money and very slow to provide the documents,” said Fletes.

    There seems to be a whole lot suspicious about the ways cities have surreptitiously rolled out AI-enabled cameras and hoped people wouldn’t notice. (Hat tip: TPPF.)

  • Google co-founder Sergey Brin rejects California’s billionaires tax and is drifting towards the Republicans. “I fled socialism with my family in 1979 and know the devastating, oppressive society it created in the Soviet Union. I don’t want California to end up in the same place.”
  • Part 2 of that Robert Rodriguez interview with Quintin Tarantino.
  • “Media Still Stumped As To Motive Of Gunman With Manifesto Titled ‘Why I’m Going To Kill Donald J. Trump.'”
  • “‘This Is A Both Sides Issue,’ Says Side That Shot President Trump, Assassinated Charlie Kirk, Tried To Assassinate Kavanaugh, Tried To Shoot Trump Again, Shot Steve Scalise, Firebombed Governor Shapiro, Tried To Shoot Trump A Third Time, (cont’d).”
  • “After Failed Assassination, Democrats Observe Customary 5-Minute Pause On Calling Trump ‘Hitler.'”
  • “In Blow To Democrats, SCOTUS Rules They Have To Stop Being Racist.”
  • “SPLC Says Funding KKK Only 3% Of What They Do.”
  • “Vegan Crossfitter Cyclist Unsure What To Tell You About First.”
  • I’m still between jobs. Feel free to hit the tip jar if you’re so inclined.





    Banks Zero Out NetZero

    Thursday, January 9th, 2025

    Before social justice was the ruling religion/scam of the far left, The Church of Global Warming held sway in their hearts. They still mutter the catechisms, and lots of Democratic Party bigwigs still have their fingers in the green scam pie, but the world as a whole, freed from their bondage to Big Green thanks to shifting political sands, is jumping off the “carbon neutral” bandwagon while the jumping is good.

    In Texas, scrutiny from Attorney General Ken Paxton has caused several big banks to pull out of NetZero pacts.

    Attorney General Ken Paxton has revealed that three major United States-based banks have withdrawn from the United Nations-led Net-Zero Bank­ing Alliance.

    Launched in April 2021, the group comprises banks “committed to aligning their lending, investment and capital markets activities with net-zero greenhouse gas emissions by 2050,” according to the alliance’s website.

    The group’s first commitment statement provides more details, pledging to “transition all operational and attributable GHG emissions from our lending and investment portfolios to align with pathways to net-zero by mid-century, or sooner.”

    In October 2023, Paxton opened a review of the statuses of Bank of America, JPMorgan, Morgan Stanley, Wells Fargo, and other financial institutions pursuant to Senate Bill 13, first passed by the Texas Legislature in 2021.

    The law prohibits governmental entities from entering into contracts with companies that boycott oil and gas companies. The financial institutions’ membership in the NZBA raised questions about their compliance with this law.

    His review specifically focused on companies required to provide letters detailing their compliance with SB 13. Those already known to be a part of NZBA—like Bank of America, JPMorgan, Morgan Stanley, and Wells Fargo—are listed in the letter.

    Other financial institutions listed are Barclays, DNT Asset Trust, Fidelity Investments, RBC Capital Markets, the Royal Bank of Canada, State Street, and TD Bank.

    “Any company submitting a standing letter to us in the future must inform us if it or any affiliate is a Net Zero Alliance Member. To the extent we learn that a company with a current standing letter, or its affiliate, is a Net Zero Alliance Member, the company will be treated similarly to the companies identified on the attached list,” explained Paxton’s letter on the review process.

    Wells Fargo announced it was leaving the alliance on December 20, followed shortly thereafter by Bank of America on December 31. Morgan Stanley left NZBA on January 2, and JPMorgan exited on January 7.

    “More and more financial institutions are taking a major step in the right direction by leaving the radical and anti-energy Net-Zero Banking Alliance. The NZBA seeks to undermine our vital oil and gas industries, and membership could potentially prevent banks from being able to enter into contracts with Texas governmental entities,” explained Paxton. “I am glad that Bank of America, Morgan Stanley, and JPMorgan have terminated their NZBA membership.”

    In addition to the four banks pursued by Paxton, financial giant Citigroup left the alliance on December 31. Goldman Sachs left on December 10, kicking off the mass exodus.

    It turns out that the vast majority of Americans are far more interested in such frivolous objectives as “feeding my family” and “paying rent” than paying $120 trillion to theoretically drop the temperature of the globe by 1.5°C three-quarters of a century hence. Banks, now free of having to curry favor with radical “environmental justice” warriors in Biden’s ghost administration, are following suit and backing away from pie-in-the-sky decarbonization goals.

    Sooner or later, reality always reasserts itself…

    China Is Screwed: Pipe People

    Sunday, August 13th, 2023

    I didn’t intend to do an all “China is Screwed” video roundup weekend, but the videos keep stacking up and I need to post some rather than producing a giant unwieldy post with hours of footage.

    First up: Young people’s whose job prospects and futures are so dim that they’re actually living in concrete pipes.

    Takeaways:

  • Certainly America has no shortage of transients living rough, but in contrast to ragged drug addicts, alcoholics and dangerous lunatics, the people living in these pipes look to be normal, healthy 20-something Chinese.
  • Just because you’re living in a concrete pipe doesn’t mean you can’t be a live-streamer. Like the under-the-bridge streamers seen in previous videos, you wonder how widespread this behavior is, or whether we’re just seeing the edge of the freak show.
  • “Despite the female hosts not being beautiful and the male hosts not handsome, it doesn’t affect viewership.” I do rather want to check their numbers, here.
  • “This is because it’s happening in the industrial city known as the world’s factory – Dongguan in Guangzhou.” It’s on the Pearl River Delta near Guangzhou and Hong Kong. “After more than thirty years of China’s reform and opening up, Dongguan, which has always been at the forefront of economic development, has recently seen a wave of business closures and foreign capital relocation.” See also: all those previous China is screwed videos.
  • “When foreign capital withdraws, thousands of Chinese workers lose their jobs. Among these people, some have worked in factories for decades and are now middle-aged. It’s overwhelming to be suddenly faced with unemployment and consequential cost-of-living pressures, coupled with labor competition against millions of university graduates.” I’m sure that sucks, just like getting laid off here sucks. But in a capitalist economy, even a flawed one like we have, is always going to be more flexible about creating jobs that one ruled by a communist party’s aristocracy of pull.
  • “Those who are single simply adapt to homelessness, creating their own personal space amongst the concrete pipes.” Or, you could have, you know, lived modestly, saved money, and shared housing with other people. The fact they haven’t gone this route and are instead living in pipes suggests something in the Chinese economy is even more broken than we think.
  • Foreign companies like Microsoft and Nokia are now moving to Vietnam and India. “Japanese companies like Panasonic, Daikin, Sharp, and TDK are planning to move their manufacturing bases back to Japan. Well-known companies like Uniqlo, Nike, Funai Electric, Samsung, and others are also accelerating their withdrawal from China.”
  • Like industry is also fleeing from elsewhere in China.
  • “The once bustling Bund in Shanghai is now overgrown with weeds due to lack of maintenance and tourism, presenting a scene of desolation. Everywhere in Shanghai’s luxury residential communities, there are messages about subleasing and selling at a loss. The elites, celebrities, and tycoons left Shanghai at the first chance they got after the lifting of the lockdown. The political uncertainty in China and the frequent changes in regulatory clauses by the authorities have made entrepreneurs miserable.” Communists making entrepreneurs miserable? This is my shocked face.
  • “Domestic entrepreneurs are reluctant to invest further, and foreign investors are hastening their departure.”
  • Various Chinese company specific layoffs and financial difficulties snipped.
  • “Wall Street leading figures, after enjoying three years of benefits from the broad opening of China’s financial market, are planning large-scale cuts to projects and staff in China…Goldman Sachs has lowered its five-year plan expectations, and Morgan Stanley has decided not to set up a securities dealer in China, reducing its derivative and futures business investment to $150 million. JPMorgan Chase & Co. began cutting its dedicated staff in China earlier this year.” There’s not a violin small enough.
  • In a capitalist economy, there would be some sort of middle ground between the empty ghost cities and people living in pipes near megalopolises. If you don’t regulate the economy so heavily as to make building housing impossible (I’m looking at you, California and NYC), then profit will drive developers to create housing to fill a market need. With China’s crazy misallocation of loans to unprofitable housing to satisfy regional government growth targets, supply has been so severed from demand that such market-making is impossible.

    China is going to come out of it’s decades-long growth spurt with crumbling cities and people that mostly are still poor.

    Great job, Xi!