Newsgeeker.com news site RSS Email Alerts

Welcome to NewsGeeker.com!

NewsGeeker collects the newest entries from news feeds in major categories, and displays them for you in an easy-to-use format. Feeds are automatically updated every few hours, so you'll always be sure of seeing the very latest content in each category. Use our Search page to find older feeds by keyword or phrase.

All


[Politics] House Poised to Vote on Legal Safeguards for LGBTQ People The Democrat-led House is poised to pass a bill that would enshrine LGBTQ protections in the nation's labor and civil rights laws, a top priority of President Joe Biden, though the legislation faces an uphill battle in the Senate.The Equality Act amends existing civil... Published:2/25/2021 7:27:47 AM
[Entertainment] 10 Ted Lasso Gifts That Will Add Positivity to Your Life E-Comm: Ted Lasso Gift GuideWe independently selected these products because we love them, and we hope you do too. Shop with E! has affiliate relationships, so we may get a commission if you purchase something through our...
Published:2/25/2021 7:27:47 AM
[Politics] Rise of Personal Shoppers Shows Robust Competition in Same-Day Delivery Market Published:2/25/2021 7:27:47 AM
[Quick Takes] New York University Launching ‘Center for Psychedelic Medicine’

“ensure that the momentum created by the modern psychedelic renaissance is sustained”

The post New York University Launching ‘Center for Psychedelic Medicine’ first appeared on Le·gal In·sur·rec·tion.
Published:2/25/2021 7:27:47 AM
[Free Speech] [Eugene Volokh] First Amendment Right to Videorecord TSA Patdown of Your Family Member From Dyer v. Smith, decided Tuesday by Judge John A. Gibney, Jr. (E.D. Va.): On June 8, 2019, Dustin Dyer, his husband, and their children traveled through the airport in Richmond, Virginia. When the family entered the TSA checkpoint, TSA agents quickly cleared Dyer and the children. The agents did not, however, clear Dyer's husband.… Published:2/25/2021 7:27:47 AM
[6fd0fe8d-dbc4-5297-be57-ec639cbd68f8] Everything coming to and leaving HBO Max in March 2021 With movies releasing both in theaters and on HBO Max, March 2021 offers a slew of new content on the streaming platform. Published:2/25/2021 7:27:47 AM
[Markets] Peak COVIDiocracy? Peak COVIDiocracy?

Authored by Paul Joseph Watson via Summit News,

An image shows students at a school in Wenatchee, Washington State socially distanced inside what look like human tents as they perform in a band.

The picture appears to show two girls playing saxophones while trapped inside the awning-like structures, while others in the background play flute.

According to the article, “You can’t see them smiling beneath the masks,” but the kids are happy to be back at school.

The article quotes Wenatchee Principal Eric Anderson, who celebrates the fact that the school environment has been carefully tailored to ensure that students never remove their face coverings.

“We really have an environment in this building where there is never a reason where a kid has to take their mask off,” he said.

That’s presumably why the children in the image have been made to stand inside the tents, because they have to remove their masks to play the instruments.

Growing up in a world where they are forcibly isolated from each other, starved of physical contact and cannot properly discern facial reactions while having to wear humiliating human tents.

What could possibly go wrong?

*  *  *

In the age of mass Silicon Valley censorship It is crucial that we stay in touch. I need you to sign up for my free newsletter here. Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown. Also, I urgently need your financial support here.

Tyler Durden Thu, 02/25/2021 - 08:10
Published:2/25/2021 7:27:47 AM
[Fundings & Exits] Coinbase files to go public in a key listing for the cryptocurrency category This morning Coinbase, an American cryptocurrency exchange, released an S-1 filing ahead of its direct listing. The company’s public debut has been hotly anticipated thanks to recent activity amongst bitcoin and other blockchain-based assets, the company’s controversial political positions, and its spiking valuation on private exchanges. Coinbase’s financials show a company that grew rapidly from […] Published:2/25/2021 7:27:47 AM
[Markets] Metals Stocks: Gold prices extend drop Thursday as 10-year Treasury nears 1.5% Gold futures on Thursday is on track to decline for a third straight session as government bond yields extended their climb to the highest level in a year, complicating the opportunity cost of owning nonyielding gold over sovereign debt.
Published:2/25/2021 7:27:47 AM
[] We regret to inform you that Amnesty International has canceled Alexei Navalny over old 'xenophobic' comments Published:2/25/2021 6:59:22 AM
[] Ghislaine Maxwell's new bail bid: How about I stop being British and French? Published:2/25/2021 6:59:22 AM
[Politics] CPAC Chair Schlapp: Trump Knows Speech Is 'Important Reset' Former President Donald Trump, who will mark his first public appearance with a speech at the Conservative Political Action Conference (CPAC) gathering on Sunday, knows his speech is a "very, very important reset," CPAC Chairman Matt Schlapp said... Published:2/25/2021 6:59:22 AM
[Funding] Connected pet collar company Fi raises a $30M Series B Pet tech company Fi today announced that it has raised a $30 million Series B. The round, led by Chuck Murphy of Longview Asset Management, follows a $7 million Series A raised back in 2019. The round values the startup at north of $200 million. The New York-based startup specializes in connected dog collars, releasing […] Published:2/25/2021 6:59:22 AM
[Media] Investigative journalism, Russian style (Scott Johnson) New York Times media reporter Ben Smith has the intensely interesting story “How Investigative Journalism Flourished in Hostile Russia.” The crazy brave dissident Alexei Navalny turns up in Smith’s bullet points: Mr. Navalny’s foundation flew drones over Mr. Putin’s palace, a vast estate on the Black Sea that Mr. Navalny labeled “the World’s Biggest Bribe” in a scathing, mocking nearly two-hour video he released on his return to Russia last Published:2/25/2021 6:59:22 AM
[Markets] Tech Tumbles As Yields Surge, Meme Stocks Explode Tech Tumbles As Yields Surge, Meme Stocks Explode

It's not just the surge in meme stocks that is a case of deja vu all over again: the big action this morning is in another closely watched asset - the 10Y - where yields have soared by almost 10bps, rising from 1.38% to a one-year high of 1.46%, rising just 4bps shy of the closely watched 1.50% level which Nomura predicts will spark an equity selloff.

"Inflationary signals, including a surge in commodity prices, are higher than we have seen in years,” said Geir Lode, head of global equities at the international business of Federated Hermes. “The prospect of a sooner-than-expected economic recovery has led to a surge in the U.S. 10-year yield.”

And amid fears that the stock rout will only get worse, Nasdaq futures fell 1% on Thursday, sliding for seven out of the last eight sessions, as investors rotated out of technology-related stocks...

... and into small cap and reflationary shares that will benefit from an economic rebound later in the year. The Russell 2000 index rallied and S&P500 eminis were modestly in the red. At 715 am ET, Dow e-minis were up 5 points, or 0.01%, S&P 500 e-minis were down 12.35 points, or 0.3%, and Nasdaq 100 e-minis were down 123.5 points, or 1%.

Banks such as Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley, Wells Fargo and Bank of America Corp were up between 0.6% and 1.2%, tracking a rise in U.S. 10-year Treasury yields. Oil producer Apache Corp gained 1.3% after it reported a smaller-than-expected fourth-quarter loss and raised its spending forecast. Tesla fell as much as 2.7% in premarket trading Thursday after the company told workers it will temporarily halt some production at its car assembly plant in California.

Meanwhile, traders were kept busy after a renewed retail frenzy re-ignited the likes of GameStop, bets on $70 a barrel oil and a decade high in copper prices drove a commodity currency rally and bond yields were still rising too. In a fresh sign of a renewed retail-driven frenzy in equity markets, GameStop shares quadrupled, rising as high as $200 overnight.

The new frenzy puzzled analysts, who had ruled out another short squeeze of the stock which had battered some hedge funds, and fueled more hype after some Twitter users pointed out a cryptic tweet of an ice-cream cone photo from activist investor Ryan Cohen - a major shareholder in GameStop and a board member.

Reddit discussion threads were buzzing again about GameStop on Thursday, with members exhorting others to pile into the stock as the rally gathers steam. “Bought lots more #GME today, let’s keep fighting !!,” wrote one Reddit user Fundssqueezzer, while another user Responsible_Fun6255 said, “Rise of the planet of the ape: GME edition”.

Other “stonks” favored by WallStreetBets retail traders also leapt again, although explanations for the moves were tenuous.  Headphone maker Koss Corp surged 57%, while cannabis company Sundial Growers rose 10%; AMC rose 29%, Express was up 42%, and Koss soared 75%. In Europe, Nokia shares are up 6.2%; the stock was also a Reddit favorite last month

The risky trading strategies employed by some traders on Reddit have drawn the ire of investing legends such as Charlie Munger, long time business partner of Warren Buffett. “It’s really stupid to have a culture which encourages as much gambling in stocks by people who have the mindset of racetrack bettors,” said Munger on Wednesday.

Of course, everyone ignored the warning and GameStop’s U.S.-listed shares soared nearly 104% on Wednesday. The volatility in GME, AMC Entertainment and other stocks led to outages on Reddit and periodic trading halts by the New York Stock Exchange. Robinhood said in a tweet that the NYSE action would impact all brokerages, but that it had not paused trading on the shares.

“It’s a pretty risky play to try and buy now ... what we might (see) at the open of the cash market is some people trying to get in,” said Oriano Lizza, premium sales trader at CMC Markets in Singapore, which does not offer pre- or post-market trade.

In any case, back to global markets where European stocks erased an earlier gain even as most European equities hold in the green. Eurostoxx 50 traded 0.2% higher having gapped up on the open. DAX fades an initial 0.5% gain to trade flat. FTSE 100 and IBEX outperform. Oil & gas, banks and miners are the best performers. Here are some of the biggest European movers today:

  • Nokia shares jump as much as 8.2%, the biggest gainer in the Stoxx Telecom Index, amid fresh interest in meme stocks. Nokia surged 26% last month as the stock became a Reddit trader favorite.
  • Telefonica shares gain as much as 5.7%, the best performer in Spain’s benchmark IBEX 35 index, after results, with Berenberg saying the telecom firm’s 4Q financials were strong.
  • DS Smith surges as much as 14%, the most since 2011, after Bloomberg reported Wednesday night that rival Mondi is exploring a potential takeover.
  • Vestas shares jumps as much as 6.2% after UBS analysts said the outlook for wind-turbine makers is continuing to gain momentum and upgraded the stock to buy.
  • Standard Chartered falls as much as 5.5% in London as the Asia-focused lender’s financial markets unit and progress on cost cutting disappoint at quarterly results.
  • Bayer shares drop as much as 4.5% after what Redburn describes as “messy” 4Q earnings and cautious 2021 dividend expectations, as well as management comments that co. may withdraw from various Roundup settlement agreements if certain eligibility and participation rates are not satisfied.

Earlier in the session, Asian stocks rebounded from their biggest drop in almost three months, bolstered by a rally in technology names. Samsung Electronics, SK Hynix and Taiwan Semiconductor Manufacturing boosted the MSCI Asia Pacific Index after U.S. President Joe Biden said he plans to address shortfalls in chip output that have idled production at some auto plants. SK Hynix hit a 20-year high. Tencent and SoftBank were the other big contributors to the Asian benchmark’s rise. South Korea’s equity benchmark surged 3.5% to lead gains in Asia. Key gauges in Singapore, Malaysia and Taiwan rallied at least 1.5% each. Markets in the Philippines were shut for a local holiday. Stocks in New Zealand bucked the regional trend, with the S&P/NZX 50 index sliding 1.2%. The nation’s government said it will require the central bank to take account of rampant house prices when it sets interest rates, a change that may restrict its ability to run loose monetary policy.

“There are two clear stories now” said CMC Markets senior analyst Michael Hewson. “You have the concerns about rising yields and they are continuing to move higher today, and then you have got an economic recovery story, which is helping lift the more moderately-valued parts of the market.”

Yields on U.S. Treasury bonds have soared recently (and with CTAs the most short in two years, they are likely to rise even more), pressuring technology-related companies as the United States accelerates its coronavirus vaccination program and plans further fiscal spending. Commodities also extended gains, with investors piling into metals that can ride faster growth trends. Copper, as previewed last week, moved closer to a record high set a decade ago and aluminum touched a two-year high.

Yields have blown up despite two days of reassuring remarks by Fed Chairman Jerome Powell who offered reassurance that policy would continue to be supportive and look beyond a temporary pick-up in inflation, especially from a low base. That’s given the bond market enough reason to keep driving yields higher. Powell said on Wednesday that U.S. rates could remain low for years, while ECB board member Isabel Schnabel was out early on Thursday saying it would fight any big increases in inflation-adjusted market rates.

“A too-abrupt increase in real interest rates on the back of improving global growth prospects could jeopardise the economic recovery,” she said. “Therefore, we are monitoring financial market developments closely.”

Despite growing central bank jawboning, bond markets are still not playing ball and are threatening to steamroll over what little credibility central bankers have. Ten-year German Bund yields climbed 3 basis points in early trading. U.S. 10-year Treasury yields blew to one-year highs of 1.46% and on course for the biggest monthly rise since Donald Trump’s 2016 U.S. election victory jolted markets.

In the FX markets, the dollar slumped in early trading to three-year lows as the Fed’s stance, ongoing progress with COVID vaccination programmes and commodity market uplift boosted riskier currencies. However, it has since rebounded back to unchanged. The Australian and Canadian dollars both hit three-year highs of $0.7978 and C$1.2503 per U.S. dollar respectively. The euro touched a one-month high of $1.2183. The safe-haven yen and Swiss franc both weakened.

“It is pretty clear that there is a pretty strong concentration in the commodity currencies,” said Saxo Bank’s John Hardy. “Even with emerging markets you are seeing it to a degree,” he added, pointing to how big energy importers like Turkey’s lira had faded.

In commodities, crude oil climbed to 13-month highs after U.S. government data on Wednesday showed a drop in crude output as a deep freeze in Texas disrupted production last week. Copper prices steadied near $9,500 a tonne in London. It’s now at its highest level in almost a decade and could log its biggest monthly gains in 15 years this month.

Looking at the day ahead, data releases from the US include the second estimate of Q4 GDP, weekly initial jobless claims and the preliminary January durable goods orders reading.  From central banks, we’ll hear from the Fed’s Quarles, Bostic, Bullard and Williams, and the ECB’s De Guindos, Lane and Hernandez de Cos. Earnings releases include Salesforce, American Tower, Moderna and HP, and this afternoon EU leaders will be gathering via videoconference for a European Council meeting. Highlights on the earnings agenda include Salesforce, HP, Etsy and Monster Beverage, all expected after markets close

Market Snapshot

  • S&P 500 futures down 0.1% to 3,917.50
  • Euro up 0.4% to $1.2213
  • Brent Futures up 0.5% to $67.35/bbl
  • MXAP up 1.4% to 215.29
  • MXAPJ up 1.5% to 723.82
  • Nikkei up 1.7% to 30,168.27
  • Topix up 1.2% to 1,926.23
  • Hang Seng Index up 1.2% to 30,074.17
  • Shanghai Composite up 0.6% to 3,585.05
  • Sensex up 0.5% to 51,043.83
  • Australia S&P/ASX 200 up 0.8% to 6,834.03
  • Kospi up 3.5% to 3,099.69
  • Brent Futures up 0.5% to $67.35/bbl
  • Gold spot down 0.8% to $1,790.99
  • U.S. Dollar Index down 0.40% to 89.82

Top Overnight News from Bloomberg

  • Economic confidence in the euro area improved in February, as consumers and businesses grew more optimistic that vaccine rollouts will spark a recovery this year
  • The European Central Bank is keeping a close eye on the euro area’s financing conditions and will use bond purchases to counter any unwarranted tightening, according to chief economist Philip Lane
  • New Zealand’s government will require the central bank to take account of rampant house prices when it sets interest rates, a change that may restrict its ability to run loose monetary policy.
  • Federal Reserve Chair Jerome Powell emphasized his view that the economy has a long way to go in the recovery and signs of prices rising won’t necessarily lead to persistently high inflation
  • Pfizer Inc. and BioNTech SE’s Covid-19 vaccine was overwhelmingly effective against the virus in a study that followed nearly 1.2 million people in Israel, results that public-health experts said show that immunizations could end the pandemic
  • Australia’s central bank found itself overwhelmed by the global reflation trade after it dived back into markets and discovered its biggest bond purchases in 11 months did little to hold down yields
  • New Zealand’s government will require the central bank to take account of rampant house prices when it sets interest rates, a change that may restrict its ability to run loose monetary policy
  • The Bank of Japan’s policy review will likely center on flexible stock-fund buying, bond yield movements and the potency of negative rates
  • Oil held gains after closing at the highest level in more than a year as a slump in U.S. crude production following the cold blast and shrinking European stockpiles tightened the market further

A quick look at global markets courtesy of Newsquawk

European stocks trade mostly firmer (Euro Stoxx 50 +0.1%) with price action somewhat contained in early hours as the region picked up a similarly mixed APAC lead heading into month-end. US equity futures also see a mixed session early-doors, but have waned off best levels seen overnight with the growth-led NQ (-0.6%) once again the laggard in European hours whilst the value-driven RTY (+0.6%) remains propped. The lukewarm tone in the equities markets comes as Fed officials downplayed the sustainability of the expected rise in inflation, whilst yields continue to remain elevated – with French 10yr yield turning positive for the first time since mid-2020. On the topic of rising yields, it’s worth recapping the sectorial correlation relative to a high-yield environment. The top beneficiaries from rising yields (by order) includes Banks, Cyclicals, Value, Insurance, Autos, Basic Resources. The top hit sectors meanwhile (by order) goes as such: Food & Beverage, Defensives, Growth, Healthcare, Real Estate. Meanwhile Technology and Retail see little correlation with rising rates in the context of weekly relative returns, as suggested by Goldman Sachs. This higher-yield playbook is currently portrayed within European sectors, with Banks, Oil & Gas, Basic Resources and Auto’s residing as the winners, whilst Healthcare, Food & Beverage and Chemicals reside on the other end of the spectrum. In terms of individual movers, heavyweight Bayer (-3.5%) pressures the DAX (-0.1%) lower following dismal earnings whereby revenue and Adj. EBIT deteriorated Y/Y whilst a large number of segments reported sales contractions. Other earnings-related movers include Axa (+3%), Telefonica (+2%), AB Foods (+1%), AB InBev (-5%) and Standard Chartered (-5%). Looking at M&A, FTSE-listed DS Smith (+7%) is lifted on reports Mondi (-0.7%) is reportedly considering a bid for DS Smith and has been speaking with advisors on the matter. Finally, heading into the US session, it’s worth mentioning the Reddit darling stocks - GME (+50% pre-mkt) and AMC (+16% pre-mkt) - are seeing another bout of upside after a late-door buying frenzy heading into the close.

Top European News

  • Europe’s Recovery Choices Will Leave It a Year Behind the U.S.
  • Merkel Is Leaving, But the EU Has a New Heavyweight in Draghi
  • Sunak Gives Himself Room to Raise Corporation Tax in U.K. Budget
  • How U.K. and Israel Raced to Global Lead in Covid Vaccination

Asia-Pac stocks rebounded from yesterday’s selldown after the region took impetus from the strong performance on Wall St where sentiment was underpinned by dovish Fed rhetoric and with gains led by energy and financials after oil prices and yields edged higher. ASX 200 (+0.8%) was positive in which energy stocks spearheaded the advances across the commodity-related sectors and with participants occupied by a heavy stream of earnings results including Qantas which surged despite posting a H1 net loss, as it also announced it was on track to deliver billions of cost savings over the next 3 years and is working on the assumption for international travel to resume in October. Nikkei 225 (+1.6%) coat-tailed on favourable currency flows and reclaimed the 30k status, while KOSPI (+2.1%) outperformed post-BoK meeting in which the central bank maintained its 7-day repo rate at 0.50% as expected and suggested the economy is to recover gradually led by solid growth in exports. Hang Seng (+2.1%) and Shanghai Comp. (+1.2%) were also positive in light of the global optimism and with MOFCOM planning to reinforce policy support for foreign trade, although tensions continued to linger after a US Navy warship transited through the Taiwan Strait and with USTR nominee Tai suggesting the US needs a plan for holding China accountable and to compete with its state-run economy. Finally, 10yr JGBs were lower amid gains in stocks which saw prices slip beneath the 151.00 level and as JGB yields extended to multi-year highs with 30yr and 40yr yields reaching the highest since December 2018 and January 2019, respectively, while the presence of the BoJ in the market for nearly JPY 1.3tln of JGBs with up to 10yr maturities failed to support prices.

Top Asian News

  • Hong Kong’s Biggest Builder Sun Hung Kai Posts Higher Profit
  • Hong Kong’s Richest Property Tycoon Said to Plan U.S. SPAC
  • Armenian Premier Warns of Coup as Army Tells Him to Quit
  • Aussie Dollar Breaches 80 U.S. Cents to Reach Three-Year High

In FX, the Euro marginally pipped the Aussie to the post in round number terms, but it was much more even between the single currency and both Antipodean Dollars when it came to percentage gains vs the Greenback before the former accelerated beyond 1.2225. All 3 are gleaning leverage from yield differentials, while Eur/Usd is also benefiting from supportive month end rebalancing flows and what looks like a more concerted technical correction in Eur/Gbp after the midweek bounce from just under 0.8550. Hence, the headline pair has breached recent highs ahead of 1.2200 on the way to circa 1.2235 and applied further pressure on the DXY that is losing touch with 90.000 between 90.144-89.720 parameters following Wednesday’s false break through the 50 DMA. Meanwhile, Aud/Usd has peered over 0.8000 where big barriers reside with impetus from an unexpected rise in Q4 Capex that reversed the prior quarter’s fall precisely, and Nzd/Usd is hovering around 0.7450 having spiked above 0.7460 in wake of NZ Finance Minister Robertson formally announcing changes to the RBNZ’s remit to include house prices. Note, modest declines in NBNZ business sentiment and the activity outlook were largely shrugged off, but looming trade data will likely draw more attention.

  • GBP/CAD - Notwithstanding the aforementioned retracement against the Euro, Sterling has taken advantage of general Dollar weakness to reclaim 1.4150+ status, and the Loonie has notched another milestone with the aid of strong oil prices with Usd/Cad down through 1.2500.
  • CHF/JPY- The Franc and Yen are still lagging due to less attractive costs of carry even though JGBs were flogged overnight in catch-up trade as widely anticipated, as the former languishes below 0.9050 and latter under 106.00 ahead of Tokyo CPI, Japanese ip and retail sales.
  • SCANDI/EM - The Sek is back on a more even keel vs the Nok and Eur amidst bullish rebalancing requirements given an above average standard deviation for the end of February, while Swedish sentiment indices for the current month were firmer across the board. Elsewhere, most EM currencies are reeling on the high yield eroding risk appetite and threatening capital flight scenario.

In commodities, WTI and Brent front-month futures are firmer on the session and hovering around best levels during early European trade. The complex overnight benefited from a mostly upbeat APAC session, whilst sources yesterday highlighted a rift building among OPEC+ members ahead of the meeting next week. One source suggested prices are “definitely high” and more oil is needed to cool the markets – adding that a 500k BPD increase looks to be a good option. Conversely, another source suggested no more relaxations until June given the risk of new variants and setbacks in the battle against COVID. Saudi will have to avoid a rift widening as the Kingdom itself is currently poised to reintroduced the 1mln BPD of oil which was taken offline as a goodwill gesture in January. ING previously suggested “It is unlikely that the group would bring a little over 2.2mln BPD of supply back onto the market, aware that the market would baulk at such a decision”, but the bank highlights that there is room for some sort of easing, contingent on how much output volume Saudi decides to bring back from its own additional cuts. Barclays meanwhile, forecasts 2021 Brent at USD 62/bbl & WTI at USD 58/bbl reflecting their projection of OPEC+ to increase aggregate supply by 1.5mln BPD over Q2 and for Saudi Arabia to reverse the unilateral cut in April. Furthermore, as production in Texas is coming back online - a subsequent reflection in the price of WTI may be noticed as ING states it expects to see further crude oil builds in the weeks ahead. WTI resides mid USD 63/bbl (vs high USD 63.79/bbl) and Brent mid USD 67/bbl (vs high USD 67.70/bbl). Notable tail-risks on the table surrounds month-end factors which may offer volatility, several Fed officials speaking through the session alongside US data which includes Initial Jobless Claims and Q4 PCE prices. Elsewhere, precious metals are mixed on the session, with spot gold trading below the USD 1800/oz handle amid headwinds from rising yields and spot silver nursed earlier losses. As a side note for silver, Reddit retail traders have been driving GME prices higher again so it may be something to just keep an eye on for any potential targeting of silver. Turning to base metals, LME copper has gains of around 0.5% and trades above USD 9,500/t, continuing the narrative as a recovery metal surrounding the reflationary backdrop. More on base metals. Looking further ahead, some suggest aluminium supply in China could be affected by China’s journey to net-zero CO2 emissions by 2060. China Inner Mongolia has seen a series of environmental changes which would inhibit further capacity growth as the region accounts for 9.0% of total Chinese aluminium supply.

US Event Calendar

  • 8:30am: 4Q GDP Annualized QoQ, est. 4.2%, prior 4.0%
  • 8:30am: Feb. Initial Jobless Claims, est. 825,000, prior 861,000; Continuing Claims, est. 4.46m, prior 4.49m;
  • 8:30am: Jan. Durable Goods Orders, est. 1.1%, prior 0.5%
  • 8:30am: Jan. Cap Goods Ship Nondef Ex Air, est. 0.6%, prior 0.7%; Cap Goods Orders Nondef Ex Air, est. 0.8%, prior 0.7%
  • 8:30am: 4Q PCE Core QoQ, est. 1.4%, prior 1.4%; 4Q Personal Consumption, est. 2.5%, prior 2.5%
  • 8:30am: 4Q GDP Price Index, est. 2.0%, prior 2.0%
  • 9:45am: Feb. Bloomberg Consumer Comfort, prior 45.8
  • 10am: Jan. Pending Home Sales YoY, prior 22.8%; Pending Home Sales (MoM), est. 0%, prior -0.3%
  • 11am: Feb. Kansas City Fed Manf. Activity, est. 15, prior 17

DB's Jim Reid concludes the overnight wrap

Risk appetite showed signs of returning to global markets over the last 24 hours as Fed Chair Powell stuck to his reassuring tone and continued to signal that the central bank would keep policy accommodative for some time to come. The remarks led to a sharp turnaround across a number of different asset classes, with the S&P 500 moving from an intraday low of -0.56% shortly after the open to end the session +1.14% higher, which was the strongest daily performance for the index in over 3 weeks. Perhaps the most headline-grabbing comment from Powell was thatit could take more than 3 years before the Fed reached its inflation goal of 2%, helping to reiterate the message that the Fed are in absolutely no rush to pare back on stimulus any time soon, and he reaffirmed his message that the labour market was very far from the Fed’s goal, saying that there was still “a long way to go” before the US got to maximum employment. We should find out more on the Fed’s current thinking on inflation in the next 3 weeks when they release their new Summary of Economic Projections at the March FOMC meeting.

Looking at the moves in more depth, risk assets had their best day for some time thanks to Powell, though it was energy stocks that saw the largest gains thanks to another sizeable rise in oil prices. In fact, both Brent crude (+2.55%) and WTI (+2.51%) climbed to their highest levels in over a year yesterday, at $67.04/bbl and $63.22/bbl respectively, as the combination of tighter supplies and recovering economic demand proved supportive, and they’re holding those levels this morning. Otherwise though, it was cyclical industries that led the advance, with autos (+5.60%), banks (+2.49%) and capital goods (+2.26%) being among the strongest performers in the S&P. Tech stocks recovered their losses too, with the NASDAQ up +0.99%, while over in Europe the STOXX 600 gained +0.46%. The reflation/reopen trade was in full force in Europe as well with the travel & leisure (+1.87%), energy (+1.71%) and basic resources (+1.46%) again leading the charge here.

Even as Powell struck a dovish tone, sovereign bonds continued to lose ground on both sides of the Atlantic, and yields on 10yr Treasuries rose +3.4bps to 1.376%, their highest closing level in a year, and have moved up a further +2.0bps this morning. As with equities though, that was some distance from its intraday high, at which point yields had climbed all the way to 1.434%. The moves were evident across the curve, with 30yr Treasury yields rising +5.2bps yesterday to their own 1-year high, which helped the 5s30s curve reach its steepest level in over 6 years. For Europe it was a similar story, with yields paring back their intraday highs as Powell spoke, though they still closed at levels not seen in months, with yields on 10yr bunds (+1.2bps), OATs (1.4bps) and BTPs (+4.2bps) all moving higher. The moves in turn have proved supportive for bank stocks, with the STOXX Banks index in Europe up a further +1.36% yesterday at its highest level since the pandemic began.

Overnight in Asia, markets have taken Wall Street’s lead with the Nikkei (+1.57%), Hang Seng (+2.15%), Shanghai Comp (+1.07%) and ASX (+0.93%) all rising. Futures on the S&P 500 are also trading +0.25% higher and sovereign bond yields have continued to climb in Asia, with Japan’s 30yr yield (+1.9bps) at its highest level since December 2018, and 10yr yields on Australian (+10.3bps) and New Zealand (+18.4bps) debt seeing sharp moves higher. For New Zealand, the moves have been prompted by a decision to change the RBNZ’s remit to support more sustainable house prices and improve affordability for first time buyers, which has led to expectations that the central bank could tighten more quickly than previously expected. On top of this, the Bank of Korea left their main interest rate unchanged at 0.5% as expected, though they raised their CPI forecast for 2021 by three-tenths to +1.3%.

Staying on central banks, a number of other Fed speakers gave remarks yesterday, though the overall tone didn’t add much to what we already knew. Vice Chair Clarida gave a speech on the economic outlook and monetary policy, where he made the point others have about “the true unemployment rate” being closer to 10% when you factor in declines in the labour force and misclassification. However, he remains “bullish on the economic rebound in the US” and sees inflation reaching around 2% by end of 2021. Separately Governor Brainard noted that transitory inflation was “not the kind of inflation that monetary policy would react to”.

Here in the UK, multiple newspapers have reported that the government are potentially planning for a rise in corporation tax at next week’s budget on Wednesday, with the FT saying that Chancellor Sunak would announce “a sharp rise” in the tax from its current 19%, and that the similar proposed increase in the US from 21% to 28% would offer some cover in terms of competitiveness. Other proposals reported have been a six-month extension to the uplift in Universal Credit mentioned in the Telegraph, as well as a Times report that the holiday on stamp duty (the home purchase tax) would be extended until the end of June. For those wanting more info, our UK economists released their preview of the budget yesterday (link here).

Turning to the pandemic, we got some very positive news yesterday as a large-scale study of almost 1.2m people in Israel showed that 2 doses of the Pfizer/BioNTech vaccine prevented 94% of infections. On top of this, staff at the FDA in the US wrote that the Johnson & Johnson vaccine was safe and effective, which comes ahead of an FDA committee meeting tomorrow where they’ll be discussing whether to give it an emergency use authorization. Unlike the other vaccines authorised in the US (Pfizer/BioNTech and Moderna), the Johnson & Johnson vaccine only requires a single dose, and the company have said that they’ll initially be able to provide 4m shots. Elsewhere, Ghana received the first delivery from the Covax vaccine-sharing initiative, which is seeking to support vaccine distribution in lower-income countries, with 600,000 doses of the AstraZeneca vaccine. When it comes to global restrictions there was a divergent picture however, with France announcing that Dunkirk would go into lockdown over the weekend, while in Switzerland, it was confirmed that shops, museums and outdoor sports and leisure facilities would be open from Monday. Meanwhile Moderna announced plans to study various approaches to vaccine boosters to protect against the variant strains, at the same time as they’re taking steps to ramp up production in the next year. The company has already completed manufacturing and sending doses to researchers for a clinical study around the South African strain.

As we mentioned in yesterday’s edition, it’s now been over a year since the first big pandemic-related selloff for markets as the virus started to hit Western nations. In Jim’s chart of the day yesterday (link here) ), we showed the performance of a number of global assets since this point, and also include the low point over the last 12 months. Commodities have been among the strongest performers, with copper leading the way as it hit its highest level in nearly a decade yesterday, whilst gold, silver and oil have also seen major gains. European equities have been the worst hit however, falling behind other regions as a number of indices still haven’t recovered to their pre-Covid levels.

In terms of yesterday’s data releases, the final German GDP reading for Q4 was revised up to show +0.3% growth quarter-on-quarter (vs. +0.1% initial estimate). Looking at the breakdown, private consumption saw the biggest hit (-3.3% qoq), though the savings rate rose again to 17.7%, which supports the argument from our German economists (link here) that pent-up demand will support the economy in the summer half and potentially add to emerging inflationary pressures. With the more positive end to last year, they’re maintaining their 4% GDP forecast for 2021. The other main data release were the new home sales figures from the US, which rose to a stronger-than-expected annualised rate of 923k in January (vs. 856k expected).

To the day ahead now, and data releases from the US include the second estimate of Q4 GDP, weekly initial jobless claims and the preliminary January durable goods orders reading. Over in Europe, there’s also the final Euro Area consumer confidence reading for February, and the January M3 money supply figure. From central banks, we’ll hear from the Fed’s Quarles, Bostic, Bullard and Williams, and the ECB’s De Guindos, Lane and Hernandez de Cos. Earnings releases include Salesforce, American Tower, Moderna and HP, and this afternoon EU leaders will be gathering via videoconference for a European Council meeting.

Tyler Durden Thu, 02/25/2021 - 07:55
Published:2/25/2021 6:59:22 AM
[TC] Allbirds is investing in plant-based leather substitute as it looks to further green its supply chain The sustainability focused shoe maker Allbirds has taken another step to green its supply chain with a small $2 million investment in a new company called Natural Fiber Welding. Announced this morning, the investment in Natural Fiber Welding will see Allbirds bring a vegan leather replacement option to customers by December 2021. It’s a natural […] Published:2/25/2021 6:25:50 AM
[Entertainment] Why Women Everywhere Love Free People's Way Home Shorts E-Comm: Best-Selling Free People Short We independently selected these products because we love them, and we hope you do too. Shop with E! has affiliate relationships, so we may get a commission if you purchase something through our...
Published:2/25/2021 6:25:50 AM
[af5a0a19-f2c9-5b1a-a822-80b9e3944daf] Justin Haskins: Biden's student loan giveaways – these families, students will be hurt by this scheme The only long-term fix to the student debt crisis is to make college truly more affordable for everyone. Unfortunately, Biden’s plan would not do that. Published:2/25/2021 6:25:50 AM
[Uncategorized] Branco Cartoon – Pyromaniacs

Scorched Earth

The post Branco Cartoon – Pyromaniacs first appeared on Le·gal In·sur·rec·tion.
Published:2/25/2021 6:25:50 AM
[World] [Eugene Volokh] Thursday Open Thread Please feel free to write comments on this post on whatever topic you like! (As usual, please avoid personal insults of each other, vulgarities aimed at each other or at third parties, or other things that are likely to poison the discussion.) Published:2/25/2021 6:25:49 AM
[Coronavirus] Coronavirus in one state (155) (Scott Johnson) In the words of John Lennon, war is over (if you want it) — the war in this case being the war on COVID-19. The public health emergency is over and yet governors such as Minnesota’s egregious Tim Walz continue to control the “dials” of our lives, as the authorities here refer to them. They have us fighting on like Japanese soldiers who haven’t heard that the Emperor surrendered. Kevin Published:2/25/2021 6:25:49 AM
[Markets] : Goldman Sachs CEO: Working from home is an ‘aberration’ David Solomon cited collaboration as a reason for bankers to return to the office.
Published:2/25/2021 6:25:49 AM
[] The Morning Report - 2/25/21 [J.J. Sefton] Good morning, kids. Thursday and as both Angel of Death Cuomo and Gavin Newsom circle the wagons, if they're not in fact circling the drain, the real story is the Junta's throttling voices of opposition via legislation and bureaucratic... Published:2/25/2021 6:25:49 AM
[World] Black Lives Matter disturbingly mum on donors

Black Lives Matter — the foundation — raked in more than $90 million in donations in 2020, proving itself to be a major player in the political world then, now and, with Democrats holding all the key positions of D.C. power, likely into the foreseeable future.

Social justice pays. It’s ... Published:2/25/2021 5:56:50 AM

[AMWL] Teladoc: First Growth Stock Added To The Toddler Portfolio Published:2/25/2021 5:56:50 AM
[Markets] Is Hyperinflation In The Horizon? Is Hyperinflation In The Horizon?

Authored by Tuomas Malinen via GnSEconomics.com,

From time-to-time historically, national authorities have resorted to financing by their central bank to cover budget shortfalls. Another word for this is monetization of debt or deficit-financing by the central bank.

Asset purchase (or “QE”) programs can be viewed as modern versions of deficit-financing. With them, central banks buy (mostly) sovereign bonds from the capital markets, resulting in artificially low yields on government bonds. As these programs essentially provide credit from the central bank, they do increase the money in circulation quite a bit.

In the U.S., for example, the quantity of money, measured by M2, has increased by a whopping 26% in a single year. This is the largest annual increase since 1943.

The combination of the fast growth of money in circulation and the decline in production capacity, whatever the cause, is the pre-condition for ravaging inflation. Worryingly, we are seeing those pre-conditions met.

In this blog we detail the process of hyperinflation. Recently, we have seen hyperinflation episodes in Zimbabwe and Venezuela. In history, there are two rather well-known and extensively studied examples of out-of-control inflation: hyperinflation in the Weimar Republic in the early 1920s and the inflation crisis in Russia in the early 1990s. We concentrate on those.

The process of monetization and hyperinflation

Monetization typically proceeds as follows. The central bank buys the debt—bonds—issued by the Finance Ministry (or Treasury). Government then uses this money to increase its consumption. The debt bought by the central bank then either remains on the balance sheet of the central bank ad infinitum or the central bank nullifies it, thereby creating a loss.

To cover the loss, the central bank issues new physical currency notes (or nowadays digital) to increase its revenue. This results in an increase in the monetary base, meaning an increase in the currency in circulation.

When a government uses “debt” from the central bank to sustain or increase its consumption and investments, this newly created money enters the economy through consumption. Government effectively becomes the guarantor of jobs and profits of different industries with money created from “thin air”.

If production capacity becomes limited at the same time due to, for example, damage from war or from large-scale corporate bankruptcies by other causes, consumption increases faster than production. In practice, there is more money chasing fewer products, and prices start to rise very rapidly. Moreover, politicians and bureaucrats tend not to be very skilled in the efficient management of businesses and they permit public pressure to influence their decisions. This leads to wasteful investments, falling productivity and unprofitable enterprises.

When there’s more money in circulation relative to production of goods and services, prices start to rise fast and inflation accelerates. As it continues, consumers, firms and workers start to expect ever-higher inflation, which, combined with the quickly increasing supply of money from the central bank, starts to weaken public faith in the currency.  As inflationary expectations rise, even faster inflation ensues.

A tale of two hyperinflations 

Weimar Germany was ravaged by the aftermath of the First World War, which the nation had lost. The subsequent Treaty of Versailles burdened the country with impossible levels of war reparations. Similarly, the collapse of the Soviet Union at the end of the 1980s had left Russia with a vast external debt burden accrued during the final years of the Soviet Union, when it borrowed desperately to keep the planned economy afloat.

Both these instances led to stark choices for their respective governments. Each was faced with an overwhelming national debt and with an industrial base in serious need of reform. Both governments also decided that instead of painful reforms and a likely default, they would try to uphold national demand and production by monetizing their budget deficits.

In Weimar Germany, and in early 1990’s Russia, both governments supported high employment levels through deficit financing. In Weimar, the unemployment rate hovered under four percent and in Russia it was even lower, tending between 1.1 and 2.6 percent between 1992 and 1998. However, labor productivity fell dramatically.

The result: run-away inflations

Inflation in these two examples varied from high to extreme. In Russia, monthly consumer prices rose nearly 300 percent in some periods, but the mean monthly inflation rate was “only” around 21 percent from January 1992 till July 1995.

In Weimar Germany, the situation was much more extreme. The wage price index first made spectacular leaps (between November 1918 and March 1920 it increased by 700%, and between mid-1921 and mid-1922, by 500%) after hyperinflation—defined as monthly price increase of more than 50 percent—fully set in. The rate of inflation was, actually, much higher than the rate of monetization. For example, Burdekin and Burkett (1992) show that that rising wage claims and demand for private credit that followed were major contributors to the hyperinflation. In essence, this means that the targeted real wage rate of workers was an important factor and it implies that, when wage pressures build to extreme levels, they are very hard to contain.

Both inflations were stopped by the combination of massive cutbacks in government spending and credit freezes. The inevitable consequence of these actions was a recession, which was relatively short in Germany, and a forced restructuring of the economy.

Social repercussion

The social repercussions were heavy in both instances.

The hyperinflation in the Weimar Republic has been linked to the rise of Hitler and National Socialism (“Nazis”). In Russia, the serious damage inflation inflicted, especially on the income of the middle-class, created demands for stability. As in Germany, these frustrations were met by the emergence of a strong leader.

In both cases the main losers were the middle-class, pensioners, and professionals, whose salaried purchasing power fell. High inflation may be avoided by the rich as they have the means to hedge against it by buying precious metals, usually gold, making suitable alternative financial investments and by transferring funds to sounder markets or currencies.

Thus, paradoxically, deficit monetization tends to hurt the most those it is originally aimed to help. This should be remembered now, when ideas like “job guarantees” and “deficits don’t matter” are offered as solutions. 

Where are we now?

Worryingly, many of the conditions that led to the extreme inflation episodes in Weimar Germany and in 1990s Russia have started to emerge.

First, central bankers have been running ‘quasi-monetization’, or asset-purchase (QE) programs for over a decade with a stupendous increase during the past pandemic year (see Figure 1). Secondly, supply-chain disruptions have also started to emerge, which will start to crimp production capacities at some point. These are the two ‘pre-conditions’ for an inflationary crisis to materialize.

Figure 1. The combined balance sheet of the BoJ, ECB and the Fed in billions of dollars. Source: GnS Economics, BoJ, ECB, Fed

What this means is that in coming months evidence of inflation may start to emerge. Inflation expectations, while still somewhat subdued e.g. in the US (see Figure 2), may rise rapidly.

Figure 2. The daily 5-year forward inflation expectation rate, calculated using the 10 year and 5 year nominal and inflation adjusted Treasury securities. Source: GnS Economics, St. Louis Fed

Fast inflation would wreak havoc

With massive quantities of new money in circulation, all that is needed for an “inflation scare” to start  is a pickup in the velocity of money driven, for example, by improving economic activity in the U.S.  If and when inflation suddenly quickens it may lead to an over-reaction, a shock, among consumers and corporations, which may revise their inflation expectations upwards, drastically and simultaneously.  And then all bets are off.

We have been lulled into complacency believing that central banks can control the economy and stop crises ‘at will’. As we have repeatedly warned for more than two years, this is a dangerous fallacy.

If a fast inflation emerges, central banks will eventually be forced to raise rates, almost certainly toppling over-leveraged, zombified firms and over-indebted, zombified European nations.  Total chaos in the financial markets would obviously follow with world descending into recession or depression.

*  *  *

The historical accounts of Weimar and Russian hyperinflations are based on: Ferguson, N. and B. Granville (2000), “Weimar on the Volga”: Causes and consequences of inflation in 1990s Russia compared with 1920s Germany.

We provide in-depth analysis and forecasts on the risks haunting the global economy and the financial markets in our Q-Review reports and Deprcon Service. They are are available at GnS Store

Tyler Durden Thu, 02/25/2021 - 06:30
Published:2/25/2021 5:56:50 AM
[Markets] The Tell: A new wave of fearless retail investors could be ready to pour $170 billion into stocks, says Deutsche Bank Deutsche Bank has taken the pulse of a wave of individual investors that blossomed in 2020 and drove a market rally from last March. And they are ready to keep buying stocks.
Published:2/25/2021 5:56:50 AM
[Politics] Tanden Poised to Ask Her OMB Nomination Be Withdrawn Sources close to President Biden have told Newsmax that his highly controversial nominee to be Office of Management and Budget (OMB) director will soon ask that her nomination be withdrawn. As the latest signs grew that... Published:2/25/2021 5:27:22 AM
[Markets] A 'bubble' no one is talking about: Morning Brief Top news and what to watch in the markets on Thursday, February 25, 2021. Published:2/25/2021 5:27:22 AM
[Entertainment] Anthony Hopkins is welcoming old age by embracing his inner child To take on his latest role in “The Father,” Anthony Hopkins looked back at where it all began. Published:2/25/2021 5:27:22 AM
[5be79d8a-4ef8-5767-a26c-5264e414e412] Amb. Nikki Haley: Biden should boycott China's Winter Olympics next year If the United States had known what Nazi Germany would become, would we have participated in the 1936 Berlin Summer Olympics? This is not a historical head-scratcher. The answer bears directly on next year’s Winter Olympics in Communist China. Published:2/25/2021 5:27:22 AM
[Europe] Calling Czech VCs: Be featured in The Great TechCrunch Survey of European VC TechCrunch is embarking on a major project to survey the venture capital investors of Europe, and their cities. Our survey of VCs in the Czech Republic and Prague will capture how the country is faring, and what changes are being wrought amongst investors by the coronavirus pandemic. We’d like to know how the Prague, and […] Published:2/25/2021 5:27:22 AM
[882b0c5d-839a-57df-a83b-bff6854136c5] Rose McGowan backs Cuomo accuser Lindsey Boylan, calls for investigation into 'monstrous' claims Former "Charmed" actress Rose McGowan stands behind Lindsey Boylan, the former deputy secretary and special adviser to New York Gov. Andrew Cuomo who accused him of sexual harassment. Published:2/25/2021 5:27:22 AM
[Markets] Dow Nears 32,000 as Oil and Commodities Leap, Tech Stocks Resume Slide; GameStop Surges The Dow could top 32,000 for the first time Thursday as oil and commodity prices extend gains amid bets on firm vaccine-related recovery over the second half of the year. Published:2/25/2021 4:55:37 AM
[Politics] What I Learned at the Aspen Ideas RE$ET Festival Sponsored by Mastercard, PayPal, and Prudential in Partnership with Bloomberg

Aspen Ideas: RE$ET, a virtual symposium of experts and thought leaders designed to "give voice to the bold ideas" for "building an equitable economy," took place earlier this week. If you're in the target demographic—people who enjoy giving and receiving PowerPoint presentations—the entire 10-hour program is available online for your enjoyment.

The post What I Learned at the Aspen Ideas RE$ET Festival Sponsored by Mastercard, PayPal, and Prudential in Partnership with Bloomberg appeared first on Washington Free Beacon.

Published:2/25/2021 4:55:36 AM
[Markets] Banks lead European stocks higher, as U.S. futures dip after Wednesday rally Banks lead European stocks higher, as U.S. futures dip after Wednesday rally Published:2/25/2021 4:55:36 AM
[Markets] Qatar's Al Jazeera Launches Right-Wing News Platform For Americans "Who Feel Left Out" Of MSM Qatar's Al Jazeera Launches Right-Wing News Platform For Americans "Who Feel Left Out" Of MSM

Upon the announcement this week that Qatar-based Al Jazeera plans to open a US conservative news platform it seemed the near universal reaction on social media was to say simply, weird

"Al Jazeera, the Qatar-based news network that has previously sought to become a liberal media force in the US, is launching a platform to target conservatives, it was revealed on Tuesday," The Guardian reports.

The Al Jazeera outlet will be called Rightly, and apparently aims to imitate and partake of Fox News' longtime success as leading the US mainstream. Rightly plans to cater to center-right Americans and is headed by Fox News’ Scott Norvell. Its target audience has been further described as Republicans who "feel left out of mainstream media," Politico noted, in perhaps a hint it also seeks to tap into pro-Trump support.

Via Reuters

Much of the stir on social media after Tuesday's announcement was focused around Liberals being outraged over the move, questioning why America would need another 'center-right' publication. But the more interesting angle is the fact that Al Jazeera is backed by the Qatari government.

The outlet with its headquarters in Doha often escapes scrutiny as a state-funded news source, despite decades ago the Bush administration essentially going to battle with the foreign outlet over its critical Iraq War coverage. We can only imagine the fierce reaction and pushback if this were instead Russia attempting to establish a 'conservative news outlet' on US soil.

Recall too that Al Jazeera was key in pushing the early 'Arab Spring' narrative which rapidly turned into regime change wars the West-Gulf military alliance pushed in places like Libya and Syria. At every step of the way the outlet reflected the perspective of Qatar's Sunni monarchy (namely, the House of Al Thani).

The Hill notes in a review of Al Jazeera's struggles to find a niche in the US political landscape

Al Jazeera, which is financially backed by the Qatari government, has had mixed success in its past U.S.-focused efforts. In 2013, the company launched an American-focused media brand by acquiring Al Gore’s Current TV for $500 million and rebranding it as Al Jazeera America. The effort was shuttered in January 2016 after struggling with poor ratings and staff discord.

A "soft launch" of an initial show will begin Thursday according to a press release

Rightly will soft launch with its first show, "Right Now with Stephen Kent," on February 25th. The show, hosted by one of the rising stars in Millennial political circles in the United States, will stream on Rightly social media and podcast platforms. Additional Rightly programming will be announced in the coming months.
 
"Right Now with Stephen Kent" will be an in-studio interview program in which the show’s host, Stephen Kent, will get beyond talking points and retweets to engage current newsmakers, opinion leaders and incisive commentators from across the political spectrum in a discussion about the issues animating right-of-center Americans today.

Al Jazeera English - which is its flagship international channel - has remained popular in the US (also online via AJPlus videos) even after the prior US-focused TV channel 'Al Jazeera America' shut down in 2016.

Tyler Durden Thu, 02/25/2021 - 05:45
Published:2/25/2021 4:55:36 AM
[topics:places/ireland] St Patrick's Day 2021: shamrocks, snakes and how a British slave became Ireland's patron saint Published:2/25/2021 4:55:36 AM
[World] : Nokia stock jumps following rally in Reddit favorites Nokia stock jumped in early trading on Thursday, following a rally in Reddit favorites GameStop and AMC Entertainment.
Published:2/25/2021 4:55:36 AM
[] The Morning Briefing: Biden's Creepy Mask Fetish Isn't a Real Plan To Manage COVID Published:2/25/2021 4:25:16 AM
[Markets] GameStop, AMC, Nvidia, Salesforce, Pfizer - 5 Things You Must Know Thursday Stock futures fluctuate and bonds tumble Thursday, a day after the Dow set a record high; GameStop and AMC surge amid more mania around meme stocks; Nvidia lower after earnings; Salesforce and Airbnb report earnings. Published:2/25/2021 4:25:16 AM
[db276985-0334-505b-84d2-4c01e4b3c759] 'Last Man Standing' has Tim Allen's character clashing with his on-screen wife Nancy Travis The comedy series is currently in its ninth and final season. Published:2/25/2021 4:25:16 AM
[Markets] Kelley Blue Book: The best full-size trucks of 2021 Here are the 12 trucks that score big on capability, reliability, comfort, technology, and more.
Published:2/25/2021 4:25:16 AM
[Entertainment] Why Patrick Mahomes' Fiancée Brittany Matthews Isn't Ready to Share Photos of Baby Sterling Patrick Mahomes, Brittany MatthewsBrittany Matthews, who recently welcomed her first child with fiancé Patrick Mahomes, is still preparing herself for the idea of being a mother in the public eye. The 25-year-old...
Published:2/25/2021 3:55:12 AM
[Apps] India announces sweeping guidelines for social media, on-demand streaming firms, and digital news outlets India announced sweeping changes to its guidelines for social media, on-demand video streaming services, and digital news outlets on Thursday, posing new challenges for small firms as well as giants such as Facebook and Google that count the nation as its biggest market by users. Ravi Shankar Prasad, India’s IT, Law, and Justice minister, said […] Published:2/25/2021 3:55:12 AM
[Markets] Europe Markets: European stocks rise after Wall Street rally as banks boosted by steepening yield curve European stocks rose on Thursday, catching up with the rally on Wall Street after a key official laid out the conditions that would keep U.S. monetary policy loose for some time.
Published:2/25/2021 3:55:12 AM
[topics:in-the-news/Travel-ban] Travel latest news: Australia could restart international travel in October Published:2/25/2021 3:25:29 AM
[Markets] Twitter Says It Purged Dozens Of Accounts For "Undermining Faith In NATO" Twitter Says It Purged Dozens Of Accounts For "Undermining Faith In NATO"

Twitter has announced it recently suspended dozens of accounts for undermining confidence in NATO. It was part of a broader purge of almost 400 Twitter accounts believed to have "ties to Russia, Armenia and Iran" state actors which were found to have "breached its platform manipulation policies," according to Reuters.

And further Twitter said according to the Reuters that "100 accounts with Russian ties were removed for amplifying narratives that undermined faith in NATO and targeted the United States and the European Union."

That's right, amid numerous examples of recent Twitter overreach and Silicon Valley's blatant attempts to crush speech deemed politically inconvenient or out of bounds, this one is arguably the most bizarre and blatant yet - the offending accounts were deemed to have not upheld "faith" in the NATO military alliance. (Did we miss the "oath" that was supposed to be taken upon setting up an account?...)

Some of the accounts appear to have been suspended in prior months, with Twitter now disclosing its fuller investigation results and rationale for taking action against the accounts.

Here's the official Twitter statement according to its full context:

"Today we’re disclosing two separate networks that have Russian ties. Our first investigation found and removed a network of 69 fake accounts that can be reliably tied to Russian state actors. A number of these accounts amplified narratives that were aligned with the Russian government, while another subset of the network focused on undermining faith in the NATO alliance and its stability. As part of our second investigation in this region, we removed 31 accounts from two networks that show signs of being affiliated with the Internet Research Agency (IRA) and Russian government-linked actors. These accounts amplified narratives that had been previously associated with the IRA and other Russian influence efforts targeting the United States and European Union."

In follow-up reporting by Russia's RT detailing some of the prominent accounts impacted by the ban, it's since been revealed that "One of the accounts targeted belonged to the Valdai Discussion Club. A leading Russian think tank, it hosts an annual event in Sochi, which has attracted dignitaries such as ex-Afghan leader Hamid Karzai, one time Finnish President Tarja Halonen, erstwhile South African President Thabo Mbeki, former Italian Prime Minister Romano Prodi and China's richest man, Jack Ma."

Valdai however has multiple accounts it operates, and this isn't the first time it's been targeted by a Twitter purge of state-affiliated 'nefarious' actors. 

"In addition, according to Twitter, 31 accounts were deleted for being allegedly associated with the Internet Research Agency, which some in the West claim is a state-connected hacker factory, and other Russian government structures. The company added that some of these were engaged in criticism of the EU," RT wrote further.

Twitter's latest "purge" has caught the attention of the Russian government, with Foreign Ministry spokeswoman Maria Zakharova on Tuesday saying the Kremlin will launch its own investigation. Russia has recently passed legislation opening up US social media companies to fines, sanctions, or even the possibility of being blocked inside Russia should they be found to have engaged in unfair targeting of Russian users or entities (though it remains largely symbolic given it's unlikely the Kremlin would outright ban these apps which remain hugely popular among the Russian population).

She referenced the latest events surrounding Navalny to highlight Twitter's hypocrisy and overly broad punitive measure: "Millions of users can fall under [this term]. Even Navalny and his associates – they certainly influence the US and the EU, given the speed with which anti-Russian sanctions have been rubber stamped," she said. "We will assess the grounds for blocking and give an expert response," Zakharova added.

Tyler Durden Thu, 02/25/2021 - 04:15
Published:2/25/2021 3:25:29 AM
[SLV] Silver - The Rally Is Yet To Come Published:2/25/2021 2:55:10 AM
[topics:in-the-news/uk-coronavirus-lockdown] Scotland lockdown news: latest Covid rules and roadmap plan Published:2/25/2021 2:55:10 AM
[Markets] Swiss To Vote In Referendum On Government's Emergency COVID-19 Measures Swiss To Vote In Referendum On Government's Emergency COVID-19 Measures

Via 21stCenturyWire.com,

After mounting a national campaign, and the work of determined local organisations, Swiss campaigners have managed to trigger a referendum for ending the government’s destructive COVID regulations. If successful, this will also be a blow for the extremists at the World Economic Forum in Davos, Switzerland, who have been pushing the idea of a global economic shutdown since the beginning of the alleged ‘global pandemic.’

Among other things, the peoples’ revolt is pushing back against the government’s coercive attempt to enforce a “compulsory system with poorly tested vaccines.”

In the meantime, the government has announced that it will start to ease some national mitigation measures from March 1st.

Euro News reports…

Swiss campaigners have triggered a referendum on ending the government’s COVID-19 restrictions.

The association Freunden der Verfassung (Friends of the Constitution) has filed a petition to the Federal Chancellery with 90,000 signatures.

Swiss law means any petition that is backed by more than 50,000 people will go to a national referendum.

The association has argued the government’s legislation, passed by parliament in September 2020, is “dangerous, unethical, and unnecessary”.

Last month, Swiss authorities announced plans to shut restaurants, bars, sports facilities, and cultural institutions until the end of February.

But Friends of the Constitution say the move is “disproportionate” and “demonstrably ineffective”. The association’s spokesperson, Christoph Pfluger, is a known critic of the country’s COVID-19 measures.

Opponents also say the bill focuses too much on financial measures that the government can already regulate by federal decrees, without the need for emergency powers.

Others believe the law gives the government too much power to enforce a “compulsory system with poorly tested vaccines”, something that the Federal Council has repeatedly denied.

“People and companies who have been pushed to the brink by the irresponsible dictates of the Federal Council must be helped,” the group said in a statement.

Any referendum vote on the government’s measures will take place after June 2021, when the law will have been in force for nine months.

Tyler Durden Thu, 02/25/2021 - 03:30
Published:2/25/2021 2:55:10 AM
[Podcasts] After Growing Up With Divorce and Same-Sex Parents, Author Promotes Traditional Families

The narrative that a child only needs love and safety to thrive is being challenged by Katy Faust, founder of Them Before Us, a nonprofit... Read More

The post After Growing Up With Divorce and Same-Sex Parents, Author Promotes Traditional Families appeared first on The Daily Signal.

Published:2/25/2021 2:25:00 AM
[Asia] Infra.Market becomes India’s newest unicorn with $100 million fundraise The newest unicorn in India is a startup that is helping construction and real estate companies in the world’s second most populated nation procure materials and handle logistics for their projects. Four year-old Infra.Market said on Thursday it has raised $100 million in a Series C round led by Tiger Global. Existing investors including Foundamental […] Published:2/25/2021 2:25:00 AM
[topics:in-the-news/schools-reopening] Schools to reopen on March 8 - here's all you need to know  Published:2/25/2021 1:55:26 AM
[Entertainment] Dancehall Singer Shenseea Explains Why She Stopped Trying to "Be the Next Rihanna" ShenseeaShenseea isn't an artist who's easy to pin down, and that's just the way she likes it. The 24-year-old Jamaican-born Dancehall singer has already recorded tracks with...
Published:2/25/2021 1:55:26 AM
[Markets] ???????IATA Revises Forecast, Warns Summer Air Travel Will "Remain Weak" ???????IATA Revises Forecast, Warns Summer Air Travel Will "Remain Weak"

The International Air Transport Association (IATA) just wrapped up a media briefing around 0830 ET. The big takeaway from the world's airlines' trade association is that air travel trends in the first half of 2021 will be weaker than initially forecasted from December. 

IATA said booking remains stubbornly "weak" for the summer period. The association is very concerned that only 7% of summer travel bookings have been set, indicating that global travel and tourism will continue to remain weak in the coming months. Even with a vaccine rollout, the airline industry has yet to experience a "V-shaped" recovery. 

The association shows a chart of global COVID-19 cases slumping.

But the group pointed out travel restrictions in many regions of the world remain harsh.

"IATA raises concerns about uncertainty when governments vaccinate vulnerable populations, travel industry body sees more cautious approach to re-opening up," said SCMP's Danny Lee

Lee said, "IATA revises its forecasts and see the difference in charting two different scenarios Vs. pre-crisis levels." 

IATA said additional rounds of stimulus will be needed for airlines as the recovery wanes. With continued cash burns, mounting debt, many airlines will go into 2022 with "too much debt," IATA chief economist said. 

Under current conditions, some airlines might not survive and may restructure or be forced to merge with others. 

IATA warns without the lifting of global flight restrictions, additional risks persist for airlines. 

The association's warning comes as the number of single-aisle aircraft in service has plunged since the beginning of the year. Cirium's data showed single-aisle aircraft in service fell below the 8.8k mark on Feb. 5, a drop of 15% compared with Jan. 3 figures. 

Source: Bloomberg 

The outlook for a rebound in travel and tourism this year has severely dimmed in the last couple of months. After the air travel industry experienced the worst year on record, last year (2020), with one billion fewer international arrivals, recovery might not be in the cards for a few years. 

United Nations World Tourism Organization recently said 2021 prospects for a travel and tourism rebound have worsened. 

"In October, 79% of experts polled by the agency believed a 2021 rebound was possible. Only 50% said they believed that in January, and some 41% didn't think travel would reach pre-pandemic levels until 2024 or beyond," WSJ said.

For example, US hotel demand recovery is not expected to return to 2019 levels until 2023. Room prices might not fully recover until 2025. 

While a "V-shaped" recovery in air travel seems unlikely in the first half, Robinhood traders continue piling into airline stocks like there's no tomorrow. 

JETS ETF is approaching a significant resistance level at the 27.70 mark, also seen by some technical traders as the 76.4 Fibonacci retracement level. 

Tyler Durden Thu, 02/25/2021 - 02:45
Published:2/25/2021 1:55:26 AM
[Healthcare] Viral Myths: a response to my critics (Part 2)

I am pleased that my recent IEA report Viral Myths: Why we risk learning the wrong lessons from the pandemic continues to attract interest on social media. I am, however, not always pleased with the quality of the responses. In a previous post, I have already addressed the strange idea that comparing the performance of … Continue reading "Viral Myths: a response to my critics (Part 2)"

The post Viral Myths: a response to my critics (Part 2) appeared first on Institute of Economic Affairs.

Published:2/25/2021 1:24:56 AM
[structure:news] New Mars pictures: Nasa releases striking images, video and audio from the Red Planet Published:2/25/2021 1:24:56 AM
[Markets] UK Health Authorities Announce Not A Single Case Of Flu Detected This Year UK Health Authorities Announce Not A Single Case Of Flu Detected This Year

Authored by Paul Joseph Watson via Summit News,

Health authorities in England have announced that not a single case of influenza has been detected this year, with one professor suggesting that mask wearing should be kept in place during winter to drive down flu deaths to “zero.”

“The social restrictions brought in to curb transmission of coronavirus, combined with an increased uptake of flu vaccine, have both been credited with driving down infections,” reports the Independent.

Of the 685,243 samples tested at the PHE’s laboratories since the first week of January, not a single flu infection was discovered.

Professor Christina Pagel went on to suggest that some of the measures brought in to fight coronavirus could be kept in place to combat flu infections.

Asserting that “we can reduce flu deaths to pretty much zero,” Pagel said it is “worth encouraging people to wear masks” on public transport and in other busy environments every winter.

As we previously highlighted, other health experts have suggested that flu cases are so dramatically low because influenza cases are being falsely counted as COVID cases.

Last month, top epidemiologist Knut Wittkowski asserted that, “Influenza has been renamed COVID-19 in large part.”

According to the CDC, the cumulative positive influenza test rate from late September into the week of December 19th was just 0.2%, compared to 8.7% from a year before.

According to Wittkowski, former Head of Biostatistics, Epidemiology and Research Design at Rockefeller University, this was because many flu infections are being incorrectly labeled as coronavirus cases.

“There may be quite a number of influenza cases included in the ‘presumed COVID-19’ category of people who have COVID-19 symptoms (which Influenza symptoms can be mistaken for), but are not tested for SARS RNA,” Wittkowski told Just the News.

Numbers published in April last year by the UK’s Office of National Statistics also showed that there had been three times more deaths from flu and pneumonia than coronavirus.

“The number of deaths from flu and pneumonia – at more than 32,000 – is three times higher than the total number of coronavirus deaths this year,” reported the BBC.

*  *  *

In the age of mass Silicon Valley censorship It is crucial that we stay in touch. I need you to sign up for my free newsletter here. Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown. Also, I urgently need your financial support here.

Tyler Durden Thu, 02/25/2021 - 02:00
Published:2/25/2021 1:24:56 AM
[Fundings & Exits] Rainmaking launches Motion Ventures to boost innovation in the maritime industry A new fund has launched, with backing from the Singaporean government, to support tech innovation for the maritime industry. Called Motion Ventures, it is targeting $30 million SGD (about $22.8 million USD) and has completed its first close, with Wilhelmsen, one of the world’s largest maritime networks, and logistics company HHLA as anchor investors. Motion […] Published:2/25/2021 12:55:38 AM
[] 5 Times Biden's Interior Nominee Refused to Answer Basic Questions on Energy Published:2/25/2021 12:24:50 AM
[Entertainment] What to watch on Thursday: ‘Punky Brewster’ on Peacock Thursday, Feb. 25, 2021 | “Close Enough” returns on HBO Max. Published:2/25/2021 12:24:50 AM
[topics:in-the-news/uk-coronavirus-lockdown] Oxford Covid-19 vaccine Q&A: How effective is it, and how is it different to the Pfizer vaccine? Published:2/25/2021 12:24:50 AM
[JNJ] Moderna: Expect Bad News Thursday Published:2/24/2021 11:55:00 PM
[Syndicated Posts] President Joe Biden’s Schedule for Thursday, February 25, 2021

By R. Mitchell -

Summary: President Joe Biden will receive his daily briefing, have lunch, listen to a briefing, celebrate vaccine deliveries, then listen in on the National Governor’s Association Winter meeting. President Biden’s Itinerary for 2/25/21: All Times EST 9:50 AM Receive daily briefing – Oval Office12:30 PM Have lunch with the Vice President – Private Dining Room1:45 …

President Joe Biden’s Schedule for Thursday, February 25, 2021 is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:2/24/2021 11:55:00 PM
[topics:in-the-news/uk-coronavirus-lockdown] Rule of six: Social distancing rules, support bubbles and exemptions explained Published:2/24/2021 11:55:00 PM
[Immigration] [Ilya Somin] Biden Revokes Trump's Coronavirus Immigration Bans This action brings to an end a period when the US was more closed off to legal immigration than at any other time in the nation's history. Published:2/24/2021 11:27:29 PM
[2021 News] House Dems Call for Biden to Give Up Sole Launch Authority for Nuclear Weapons

House Dems Call for Biden to Give Up Sole Launch Authority for Nuclear Weapons. The real reason? Biden’s dementia is getting worse by the day. They don’t want President Alzheimer’s doing an accidental launch. A group of about three dozen Democrats in the House have signed a letter calling for President Joe Biden to give […]

The post House Dems Call for Biden to Give Up Sole Launch Authority for Nuclear Weapons appeared first on IHTM.

Published:2/24/2021 11:27:29 PM
[topics:events/prince-harry-meghan-markle] Thursday morning UK news briefing: Today's top headlines from The Telegraph Published:2/24/2021 11:27:29 PM
[f3f40892-7f8e-59f3-b05e-eb6672d70cd9] Judge Andrew P. Napolitano: COVID, Dr. Anthony Fauci and the Constitution Dr. Anthony Fauci's recent suggestion about wearing two mask, possibly until the end of 2022 got me thinking again about first principles. Published:2/24/2021 11:27:29 PM
[World] Afghanistan Buries Another Empire

What would have been unthinkable 20 years ago is today a very real possibility: a Taliban victory.

The post Afghanistan Buries Another Empire appeared first on The American Conservative.

Published:2/24/2021 11:27:29 PM
[Academic left] The Worst College President In America (Steven Hayward) Up to now, the coveted title of “Worst College President in America” belonged without question to George Bridges of Evergreen State College in Washington, as we noted here back in 2018. But a new challenger has arisen, and has wrested the title from Bridges: Kathleen McCartney of Smith College. We wrote here last week (in “The Disgrace of Smith College“) about the case of Jodi Shaw, the Smith College staff Published:2/24/2021 11:27:29 PM
[Markets] TaxWatch: Need to report bitcoin trades on your taxes? Here are 5 things to know first For the first time, the IRS is asking about virtual currency transactions on the first page of its main income tax form.
Published:2/24/2021 11:27:29 PM
[35dfb7e6-5485-5005-9875-12b50d624683] Stevie Wonder tells Oprah he's leaving US for Ghana -- permanently "Heaven Help Us All" singer Stevie Wonder has announced that he plans to relocate to Ghana permanently. Published:2/24/2021 10:55:04 PM
[Entertainment] Carly Waddell Shuts Down "Rude" Body Shamers With Message About Self-Love Carly Waddell, ExtraCarly Waddell wishes she could post a photo to social media without getting feedback about her body. After returning home from celebrating her brother's wedding in Florida, the...
Published:2/24/2021 10:55:04 PM
[Markets] How Societies Are Imprisoned: The Whole World Will One Day Be Like Hollywood? How Societies Are Imprisoned: The Whole World Will One Day Be Like Hollywood?

Authored by Brandon Smith via Alt-Market.us,

I rarely write about Hollywood or the film industry, primarily because there is a vast array of analysts and YouTubers in the alternative media that discuss the bizarre behaviors and trespasses of Tinsel Town on a daily basis. They usually have it covered. That said, every once in a while I find that events in Hollywood reflect a much more pervasive dynamic in our culture and that the bigger picture needs to be addressed.

I also want to be clear that when I talk about “Hollywood” I am not only referring to the place; I’m referring to the entire corporate empire. I’m including Netflix and other streaming companies that may not work completely out of LA. They are all funded and run by the same people anyway.

Hollywood and the corporate cabal behind it have long sought to be the center of America’s cultural universe. In other words, they are seeking to pervert the natural dynamic so that life imitates art instead of art imitating life. And, if they control all the art then they control people’s perceptions of life.

The concept of “Manufacturing Consent”, posited by people like Noam Chomsky, plays a role here, but I think it goes far beyond that. Rather, Hollywood seeks to not only manufacture consent from the public, but also to manufacture the public’s relationship to reality. They don’t just want us to keep our heads down and begrudgingly accept their ideological zealotry; they want us to believe that their way is and always was the ONLY way.

What I see in the film industry and in the corporate world in general today is complete and unfettered propaganda. We have moved beyond the phase of subversively hidden manipulations to a new stage in which the propaganda has become blatant and aggressive. Almost every new movie and television series, not to mention most commercials, are rife with leftist distortions. You will be hard pressed to find any content these days that does not push ideas like:

1) Endless feminist platitudes.

2) Mentions of patriarchy and “white privilege”.

3) Ridiculous exaggerations of racism in America (as if nothing has changed since the days of Jim Crow).

4) Oppression of women, rape culture, etc. as if all the tenets of first and second wave feminism have not already been accomplished. Depicting oppression of women where none actually exists.

5) Women consistently portrayed as overtly masculine with traits and abilities that defy their biology.

6) Men consistently portrayed as weak and feminine.

7) Masculinity, strength, competition and merit portrayed as destructive, “toxic” and outdated.

8) Common positive feminine traits (nurturing, child rearing, home making) portrayed as obsolete or oppressive.

9) Forced and unrealistic diversity, which misrepresents the actual statistical racial make-up of the US population and other Western nations.

10) Saturation of gay and Trans representation – A tiny percentage of the population is made to appear as if it is a vast movement that inhabits every person’s daily experience.

11) Older generations cast as confused and ignorant, or removed from film and television completely.

12) Younger people portrayed as wise leaders “cleaning up the messes” of older generations, somehow blessed with extensive knowledge and experience by mere virtue of their youth.

13) History erased and rewritten to reflect modern leftist ideals.

I could go on and on, but I think you get the idea. “Representation” in itself is not a bad thing, but when it becomes a weapon used to twist fundamental truths for political gain, then it is a problem. None of the concepts listed above are an accurate reflection of the real human world. Instead, they seek to make the outliers into the mainstream, and they seek to take normal human biological and psychological standards and portray them as aberrant and wrong.

Yes, there are cases where Hollywood is dabbling in fantasy and science fiction and this could be used to rationalize some of their odd depictions. That’s not what I am talking about here. I am talking about force feeding the public an obvious agenda across the full spectrum of storytelling. These are not just movies. These are not just TV shows. This is not just storytelling; this is brainwashing.

Hollywood is not in the business of making art. They are not even in the business of making money anymore. Rather, they are in the business of indoctrination. Yes, it is a “conspiracy”. Not a conspiracy theory, but conspiracy reality.

Their job is to make the public believe that leftist ideals (or in some cases globalist ideals) are the prevailing ideals. If you see the same lies everyday in every manufactured depiction of life, you might start to think that your more rational, traditional and grounded views are in the minority. You might begin to self censor for fear of being ridiculed. You might even join the other side just to avoid being attacked.

In order to maintain control over the propaganda machine a very important factor is ensuring that the faces on the screen are never allowed to deviate from the party line. Your puppet and pet celebrities need to be kept under lock and key.

Like most people, I recently watched Ben Shapiro’s interview with Gina Carano and it basically confirmed everything I already knew about Hollywood (my brief stint as a screenwriter 20 years ago exposed me to the underlying sell-out culture and I was repulsed by it).

What was striking though was the extent to which the Hollywood corporate elites seek to rape the minds of their employees and force them to submit to the cult. It wasn’t that Carano was fired for posting a historical fact on Twitter, it was everything that happened before that.

We see corporate diversity training such as Coca Cola’s “Be less white” seminars and we are disturbed by the cultism and manipulation. But listen to Carano’s story and you’ll realize that Hollywood is far ahead in their exploitation of social justice controls.

Carano mentions that as soon as she began speaking her mind from a conservative position, Disney and Lucasfilm began to bombard her with representatives, publishing agents, etc. whose mission was to convince her to stay silent or apologize publicly for her personal statements. They even tried to force her to endure a mass admonition in front of 40 trans people because she refused to post her “pronouns” to her Twitter page.

This is often referred to as a “struggle session” in communist circles, a crucible used to berate and destroy people who dare step out of line . It is also used to strike fear in the hearts of anyone else who might be thinking about voicing independent views.

Struggle sessions were the primary tactic employed during the Cultural Revolution in China as a means to pacify the citizenry and erase all ideas that opposed Marxism. The film ‘Red Violin’, produced in 1998, is one of the only films I have seen that accurately depicts the ravages of the communist social sterilization:

This is what happens when big business or government align with the leftist cult. SJWs would have no power at all if it were not for the backing of corporations and government institutions.

You want to know why so many celebrities these days seem desperate to virtue signal online all the time? It might not be because they agree with the leftists. They may just be trying to keep their jobs and avoid being suffocated by a weaponized mob. What the interview with Gina Carono really revealed to me was the extent to which Hollywood corporations are involved in that mob.

Companies like Disney aren’t following the mob’s lead – Instead, they are USING the mob as a tool. They are LEADING the social justice cult, the cult is not leading them, as many wrongly assume.

After finishing the Carano interview I could not stop thinking about a show from the 1960’s called ‘The Prisoner’ starring Patrick McGoohan. It portrays a man who works for the government and abruptly quits, only to be kidnapped by a nefarious unknown organization and transported to a place called “The Village”. The Village is a sprawling complex made to look like a happy seaside vacation town on the surface, but underneath it is a vast surveillance grid.

All the people that live there are trapped, watched constantly and the group that runs The Village uses elaborate mind games to break the prisoners down. The Village operates by turning prisoners into informants and guards; its goal often has nothing to do with making people talk. Instead, the goal is to get prisoners to submit, to get them to love the village and become a part of it. The Village is not a prison, The Village is an experiment, a microcosm of what the elite want for the entire world.

Hollywood IS The Village.

The way Carano was essentially stalked by her own employers and prodded with struggle sessions and mind games, the way that Hollywood operates behind the scenes, is exactly what leftists and corporate elites intend for the rest of us. It is already happening to some extent. How often have we heard conservatives labeled as “insurrectionists, terrorists and racists” in the past year alone? How many conservatives have been censored by Big Tech platforms? How many have lost their jobs because of their opinions, or simply making factual statements?

The social justice cult and the corporations that control them want the world to be Hollywood. They want that environment of oppression and fear to become the standard. They want everyone to be afraid to speak, or to disagree, or to step away from the agenda in any way. Everyone must play their part to perpetuate the fantasy world. Everyone must battle to appear virtuous and pure for the mob. Everyone is an actor, pretending they love their new totalitarian collective.

There is a huge weakness to this strategy, though…

All of it depends on people’s aversion to loss. If you are afraid to lose something, then that something can be used to control you. Carano was not afraid to lose and so she could not be controlled, and I commend her for that. The example she has set for others is far more valuable than any work that she might have done by submitting to the Hollywood Cheka. If only the majority of people would do the same, our civilization could change for the better overnight.

All tyranny is an illusion predicated on fear within the minds of the enslaved. So, do not fear.

*  *  *

If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch.  Learn more about it HERE.

Tyler Durden Wed, 02/24/2021 - 23:40
Published:2/24/2021 10:55:04 PM
[Joe Biden's nominees] Democrats play the race care on behalf of Tanden and Becerra, Part Two (Paul Mirengoff) The mainstream media continues to peddle the obvious falsehood that certain of President Biden’s nominees are being opposed and stalled in the Senate because they are “of color.” I discussed Politico’s lame effort in this regard on the Democrats’ behalf last night. Not to be outdone, the Washington Post weighs in with this piece by Annie Linskey here. If you read far enough into Linskey’s report, you will learn that Published:2/24/2021 10:55:04 PM
[Politics] No Timeline on National Guard, Capitol Fencing Removal Several Senators said a Wednesday briefing with U.S. Capitol security officials failed to produce a timeline for removing a surrounding fence or when National Guard troops would be sent home. Published:2/24/2021 10:23:51 PM
[2de6b9e4-f916-5b1f-805a-af96af6990d4] Tucker Carlson: So how many illegal aliens are really in the US? Our leaders want you to believe there are 11 million illegal aliens in this country. They're lying to you. Published:2/24/2021 10:23:51 PM
[Markets] : San Francisco cuts off COVID vaccine doses to One Medical for vaccinating ineligible patients: report Three counties in the San Francisco Bay Area have suspended COVID-19 deliveries to One Medical offices after the private health-care provider allowed ineligible people to cut in line for vaccines, the San Francisco Chronicle reported Wednesday.
Published:2/24/2021 10:23:50 PM
[Markets] US Army Building World's Most Powerful Laser To Vaporize Drones  US Army Building World's Most Powerful Laser To Vaporize Drones 

The US Army appears to be developing a laser weapon that is a "million times stronger" than anything ever used before - instead of concentrating a beam of light to destroy a target, the new weapon will fire short pulses, sort of like laser beam weapons from science-fiction movies, according to New Scientist.

The Tactical Ultrashort Pulsed Laser (UPSL) for Army Platforms will be designed to fire pulse-like bursts for a brief 200 femtoseconds or one quadrillionth of a second. The laser, firing bullet-like pulses of light would be enough to vaporize a drone, cruise missile, mortar, and or any other threat in its vicinity. UPSL can also function as an electromagnetic pulse (EMP) weapon. 

"The sheer amount of intensity in a terawatt pulse laser is able to cause a non-linear effect in the air resulting in a self-focusing filament," according to the Small Business Innovation Research (or SBIR) posting titled Tactical Ultrashort Pulsed Laser for Army Platforms. 

Laser weapons are beneficial when combating enemy drones and missiles. The cost per round depends on the amount of energy available, which is far cheaper than launching costly interceptor missiles. 

A UPSL prototype model could be ready by 2022. Under the Trump administration, funding dramatically increased for laser weapon development. Multiple types of continuous-wave laser weapons have been fielded in the past couple of years. 

We've outlined some of those laser systems that have been fielded, including the high-energy laser (HEL) weapon with various energy output levels measured in kilowatts

The Navy is expected to install the High Energy Laser and Integrated Optical-dazzler (HELIOS) with surveillance sensors aboard an unspecified Arleigh Burke-class Flight IIA destroyer in the early 2020s.

The Air Force has mentioned a roadmap to laser weapons for this decade. It plans to mount lasers on stealth jets. 

Instead of continuous-wave lasers already in deployment among various services, the Army is preparing to test laser, firing bullet-like pulses as early as 2022.

Lasers, hypersonics, fifth-generation fighters, and autonomous war machines are some of the new technologies already entering some modern battlefields. 

Bank of America's equity strategist Haim Israel recently told clients that the next frontier between major superpowers could outer space. 

Tyler Durden Wed, 02/24/2021 - 23:20
Published:2/24/2021 10:23:50 PM
[] Trump to Target Biden and Blaze a Future Path for the GOP in CPAC Speech Published:2/24/2021 9:54:56 PM
[92425c35-4094-59d2-b4ce-48c5ed7ac438] Garth Brooks, Trisha Yearwood announce coronvairus test results Garth Brooks, who performed at Joe Biden's inauguration, and his wife and "Shallow" duet partner Trisha Yearwood have announced their coronavirus test results. Published:2/24/2021 9:54:55 PM
[Markets] Maryland Set To Tax Online Ads From Facebook And Google Maryland Set To Tax Online Ads From Facebook And Google

Look out, Google and Facebook.

Maryland is now set to become the first state in the nation to tax online ads. It's a trend, that if it catches on (and we predict it will), could likely sweep through the nation as money-hungry spend-o-crats look for more ways to finance their respective Green New Deals, government subsidized sex changes and racial equality seminars. 

The state's House of Delegates and Senate both voted to override a veto of a bill from last year that would place a tax on online ads, according to NPR. The tax would apply to companies like Facebook and Google and will range from 2.5% to 10% per ad, depending on the value of the company selling the ad. 

It's expected to net the state $250 million per year, which the state then says it will use to fund an overhaul of public education that is expected to cost $4 billion. 

Those advocating for the tax say that it is simply Maryland's tax code trying to catch up to where the economy has wound up. Gov. Larry Hogan has said it would raise operating costs for businesses, who would then pass the costs on to the state and customers. Hogan has been fighting for the state to uphold his veto of the tax. 

Doug Mayer, spokesman for Marylanders For Tax Fairness, a coalition of businesses created to fight the tax, said on Friday: "In Senate President Bill Ferguson's short tenure as a leader, he has managed to do what no other Senate President has ever done — raise taxes and costs on Marylanders in the middle of a worldwide pandemic. There is no doubt what took place today was a historic event, but not in the way President Ferguson hoped. This tax increase was historically shortsighted, foolish, and harmful to countless small businesses and employees, and Marylanders will remember it that way."

Ferguson pulled the solution for these criticisms directly out of the Democratic playbook last week: more regulation. He introduced "emergency legislation last week to prohibit Big Tech from simply passing along the costs of the new tax to local businesses," NPR wrote. 

The new tax is likely going to result in lawsuits, Maryland Attorney General Brian Frosh said last year. And the tax isn't just being considered in Maryland. Washington D.C. has also passed, and then repealed, a similar tax and more states are considering it, the report notes.

Baltimore bookstore owner Benn Ray concluded: "Beyond their infiltration into our daily lives, these big digital firms are further exploiting us by failing to pay taxes on this advertising, grabbing and monetizing our data without just compensation. This legislation is about fairness, making sure those who reap enormous profits in our state help support public services here. It's also about developing a tax code that keeps up with a changing economy. It's about ensuring we recognize the value of our personal data – at least as much as corporations do. And it's about ensuring that Marylanders — and not just large, global corporations – reap the benefits of the landmark economic changes happening around us."

Tyler Durden Wed, 02/24/2021 - 22:40
Published:2/24/2021 9:54:55 PM
[Markets] The Moneyist: We put our spendthrift neighbors in touch with our financial adviser. They called her ‘lousy.’ So how come WE are the ones who retired early? ‘Warren Buffett and Harry Potter couldn’t get those two retired early.’
Published:2/24/2021 9:54:55 PM
[31bde1ad-0f6c-5e29-8362-6d74e405eb13] Khloé Kardashian says latest campaign shoot is not a ‘photoshop fail’: ‘I don't have freakishly long fingers’ The "Keeping Up with the Kardashians" star and co-founder of fashion brand, Good American, recently unveiled a new promotional campaign for the company’s first footwear collection Published:2/24/2021 9:54:55 PM
[topics:people/joe-biden] Jill Biden opens up about divorce in first solo interview as first lady Published:2/24/2021 9:54:55 PM
[] What? Twitter Flags CPAC Posts as 'Unsafe' Hours Before the Annual Meeting Published:2/24/2021 9:32:15 PM
[Entertainment] Paramount+ Is Bringing Back Rugrats and More Nickelodeon Classics Rugrats Revival Tommy, Chuckie and the rest of the Rugrats gang are escaping from the playpen and crawling back to screens. Nickelodeon's popular children's animated series Rugrats, which signed...
Published:2/24/2021 9:32:14 PM
[0d96cf5c-7e00-5919-b673-cd612bf40f6c] Ricki Lake shares details about her proposal: 'I was naked in the jacuzzi' "Hairspray" star Ricki Lake revealed that she "was naked in the jacuzzi" when she became engaged to her fiancé Ross Burningham. Published:2/24/2021 9:32:14 PM
[Markets] MarketWatch First Take: A crypto-influenced boom amid a chip shortage? Sounds familiar, but Nvidia says it ‘feels very different’ Amid another semiconductor shortage, combined with a mini boom for chips used in crypto mining, Nvidia Corp. believes it will be able to handle the competing demands of its data center customers, gamers, and crypto-miners.
Published:2/24/2021 9:32:14 PM
[Politics] [VIDEO] Marjorie Taylor Greene responds LIKE A BOSS to Dem congresswoman who posted transgender flag outside her office Democrat Congresswoman Marie Newman wanted to get back at Marjorie Taylor Greene for trying to block the ‘Equity Act’ so she put the transgender flag outside her office for MTG to see . . . Published:2/24/2021 9:32:14 PM
[Politics] [VIDEO] Marjorie Taylor Greene responds LIKE A BOSS to Dem congresswoman who put transgender flag outside her office Democrat Congresswoman Marie Newman wanted to get back at Marjorie Taylor Greene for trying to block the ‘Equity Act’ so she put a transgender flag outside her office for MTG to see . . . Published:2/24/2021 9:32:14 PM
[Markets] Is COVID-Derangement-Syndrome Real? Is COVID-Derangement-Syndrome Real?

Authored by Donald Boudreaux via The American Institute for Economic Research,

Over the past two weeks I’ve received emails urging me to tamp down my criticism of restrictions imposed in the name of fighting Covid-19. Most of the correspondents are polite, sincere, and even warm. Each, however, is convinced that I underestimate the threat that Covid poses to humanity. Each correspondent hopes that I come to take this threat much more seriously.

What follows here is part of my response to each of these correspondents. This essay isn’t meant to change their minds but, instead, to better explain why I hold the position that I do toward Covid, as well as toward the public’s and governments’ responses to Covid. For the record, I understand that different individuals have different risk preferences. I genuinely respect these differences.

I understand also that different individuals even have different perceptions of reality. As with the understanding of reality achieved by blindfolded persons each touching a different part of the elephant, reality isn’t revealed to everyone in the same way. Yet I’m sufficiently old-fashioned to believe that there is an objective reality, and that it’s the duty of everyone who comments publicly on that reality to do his or her best to understand it as well as possible, despite the inaccessibility of perfect understanding.

I believe also that, while the range of legitimate differences in this understanding is wide, this range isn’t unlimited. Some understandings are so detached from reality as to be illegitimate – as in, not to be taken seriously. It is for each reader to judge for himself or herself if my understanding of reality, as I express it here (and elsewhere), falls within or outside of the legitimate range.

Below is a list of some of the facts, as I understand them, about Covid-19, as well as about the reaction to this disease. Although some of these facts are more firmly established than are others, I believe that each of the facts detailed below is legitimate, and that my interpretations of them are plausible.

Further, I believe that my understanding justifies my relative lack of anxiety about Covid’s likely impact on me personally and about its impact on humanity. And I believe that the facts as I understand them warrant my description of the media’s, the public’s, and governments’ reactions to Covid as being hysterically excessive.

The Overestimated Dangers of Covid and Underestimated Dangers of Lockdowns

  • Covid-19 is disproportionately lethal to the very old and ill, and heavily so. In the United States as of February 17th, 2021, nearly a third (31.8%) of “All Deaths Involving Covid-19” – as defined and reported by the CDC – were of persons 85 years old and older. Nearly 60 percent (59.6%) of these deaths were of persons 75 years of age and older. More than 81 percent (81.3%) were of people 65 years of age and older. Despite media-trumpeted exceptions, serious suffering from Covid-19 is largely an experience for very old people.

  • Although Covid-19 is indeed unusually dangerous to very old people, it’s still not close to being a death warrant. The infection fatality rate for 85-year-olds is estimated to be 15 percent; for 75-year-olds it’s estimated to be 4.6 percent. For 65-year-olds, Covid’s infection fatality rate is estimated to be 1.4 percent. For 55-year-olds it’s estimated to be 0.4 percent.

  • Covid’s overall lethality compared to that of the seasonal flu is no more than 10 times greater. (Some estimates have Covid’s lethality, compared to that of the flu, to be as low as 3.5 times greater.) Of course, because Covid’s lethality undeniably rises significantly with age, for the elderly Covid is far more than 10 times as deadly than is the flu, and for young people Covid is much less than ten times as deadly. (Keep in mind that the numbers in this and the previous two paragraphs come chiefly from before any vaccines were administered.)

  • In the Spring of 2020, hospitals in the U.S. had a financial incentive to inflate their Covid numbers. As reported on April 24, 2020, by USA Today, “The coronavirus relief legislation created a 20% premium, or add-on, for COVID-19 Medicare patients.” Covid inflation occurred outside of the U.S. as well. In Toronto, for example, officials admit that they are inflating the Covid death count: Here’s Toronto Public Health: “Individuals who have died with COVID-19, but not as a result of COVID-19 are included in the case counts for COVID-19 deaths in Toronto.” (I encourage you to read the whole Twitter thread.)

  • Lockdowns themselves have negative health consequences. How could they not, even if the only such effect arises because of people’s increased difficulty of visiting physicians for non-Covid-related illnesses and injuries? But there is evidence that negative health consequences of lockdowns extend beyond those that arise from delayed or foregone medical treatments.

  • There is credible evidence that lockdowns do not significantly reduce people’s exposure to the coronavirus.

  • Lockdowns have negative personal and social consequences. Avoiding contact with family and friends, even during holidays. Inability to fraternize at your favorite gym, coffee shop, bar, or restaurant. Restrictions on travel. Even if you believe that these costs are worth paying, you cannot deny that these costs are serious.

  • Lockdowns have a severe negative impact on economic activity. How could they not, given that people are prevented from going to work and from engaging in much ordinary commercial activity? There’s debate about how much of the decline in economic activity is caused by voluntary action and how much is caused by the forcible lockdowns. Even in light of the likelihood that people’s fear of Covid is further stoked by the very fact that governments’ resort to the dramatic action of locking us down, evidence exists that a great deal of economic damage was caused by the lockdowns themselves.

Misinformation and Misunderstanding are Rampant

  • I never recall the media giving running accounts of deaths from seasonal flu, from auto accidents, from heart disease, or from any other major sources of death. But the media do give such accounts of Covid. The false impression is thus created that the dangers posed by Covid differ categorically from the dangers posed by other of life’s serious risks. I find it incredible to suppose that such out-of-context and biased reporting does not give the general public a terribly distorted and outsized impression of Covid’s dangers – an impression that is then reinforced by people communicating with each other.

  • Panic itself is contagious. As Gustave Le Bon observed in 1895, “Ideas, sentiments, emotions, and beliefs possess in crowds a contagious power as intense as that of microbes.” Social media and other sources of 24/7/365 contact with hordes of strangers is a new phenomenon, one that seems to me to have created an unprecedentedly large crowd through which panic spreads.

Panic, in turn, corrupts human decision-making abilities. This corruption is worsened by the echo-chamber feedback within the crowd. Combine these two realities with a third – namely, the difficulty the typical person experiences in expressing disagreement with a dominant narrative – and the overwhelming acceptance of the official fear-ladened account of Covid is unsurprising. But this overwhelming acceptance does not imply its own validity.

  • I have encountered in major media outlets too many egregiously misleading accounts about Covid – see, for example, here and here – for me not to severely discount what the media (and government officials) ‘report’ about Covid.

  • Decades of following media reports on, and politicians’ statements about, economic reality long ago convinced me that the proportion of misinformation to information is appallingly high. Because I know that most people in the media and in government are pathetically uninformed about economic reality – because I know that these people are largely innumerate and, in many cases, intellectually lazy – because I know that pundits and politicians often ignore facts and explanations that don’t fit their priors – I have every reason to doubt the reports on the numbers, to question the explanations, and to reject the spins that are issued by the media and by politicians.

Justification for my skepticism of the popular narrative about Covid is only enhanced by the resulting panic. Aware that the public is in a state of panic, pundits and politicians who are prone to play fast and loose with the truth in normal times feel even less constrained to speak carefully and accurately during times of panic.

  • The reaction to the Great Barrington Declaration alone proves the gross carelessness of too many mainstream voices. This carelessness puts me on yet higher alert against the popular perception of Covid.

For example, Paul Krugman attacked the Declaration with an ad hominem. This Nobel-laureate thinker asserted that the Declaration should be dismissed because of the organization that brought together the three acclaimed scientists who wrote it. That organization, of course, is AIER which – Krugman bizarrely thinks this fact is relevant – is said by Krugman to be “linked to the Charles Koch Institute.” (Not that it matters, but this ‘fact’ is not close – not remotely close – to what Krugman’s wording implies.)

Nor, by the way, does the Great Barrington Declaration advocate a strategy of “let it rip.” But you’d never know this fact by reading many ‘descriptions’ of it. (Googling “Great Barrington Declaration” and “let it rip” – with each of the two terms in quotation marks – pulled up on February 21, 2021, 34,200 results.)

Covid Derangement Syndrome

I could list many other reasons for why I’m convinced that humanity’s fear of Covid-19 springs from profound misinformation about this disease. I could also expand my list of reasons why I believe the public’s precautions are grossly disproportionate to this disease’s actual dangers, and for why I regard the lockdowns, mask mandates, quarantine ‘hotels,’ and other restrictions to be tyranny that is wholly unjustified by the facts. But already I’ve overtaxed readers’ patience.

One doesn’t have to have Covid in order to have a life that’s meaningful and to suffer a death that’s mournful. Yet most of the public, media, and governments have reacted to Covid as if the only deaths that matter are Covid deaths – as if the only lives that matter are the lives of people with Covid – as if the only risk that matters and, hence, the only risk worth reducing is the risk of suffering from Covid. 

This lack of proportion – this sudden ignorance that our lives are inescapably filled with many different risks that must be traded off against each other – this treatment of Covid deaths as being categorically worse than are non-Covid deaths – all combined with a blind faith that politicians and bureaucrats will use vast powers wisely, prudently, and effectively – is what I call “Covid Derangement Syndrome.” 

I believe this syndrome to be real and deserving of a name that grabs attention. Such attention-grabbing is warranted, because I further believe that this syndrome poses a dangerous risk to humanity that dwarfs the risk posed by SARS-CoV-2.

Tyler Durden Wed, 02/24/2021 - 22:20
Published:2/24/2021 9:32:14 PM
[] Wednesday Overnight Open Thread (2/24/21) *** The Quotes of The Day Quote I As Mark Twain advised, “History doesn’t repeat itself, but it does often rhyme.” Twain was implying that we won’t find exact mirror images—because they don’t exist. So we need to think... Published:2/24/2021 9:32:14 PM
[Politics] In Letter, Newsmax CEO Ruddy Calls Out House Dems' 'Misinformation' Before a House hearing Wednesday on "Fanning the Flames: Disinformation and Extremism in the Media," Newsmax Media CEO Christopher Ruddy wrote a letter responding to "disinformation" and "deliberately misleading" allegations by committee members. Published:2/24/2021 8:54:48 PM
[Entertainment] Read Garth Brooks' Message to "Queen" Trisha Yearwood as She Tests Positive for COVID-19 Garth Brooks, Trisha Yearwood, 2018 CMA AwardsIn sickness and in health, Garth Brooks is putting Trisha Yearwood first. On Wednesday, Feb. 24, the country music superstar announced his wife of 15 years tested positive for...
Published:2/24/2021 8:54:48 PM
[Society] How ‘Equality Act’ Would Impose Transgender Ideology on Everyone

If legislation now before Congress—H.R. 5, dubbed the Equality Act—becomes law, it would add sexual orientation and gender identity as protected classes into the 1964... Read More

The post How ‘Equality Act’ Would Impose Transgender Ideology on Everyone appeared first on The Daily Signal.

Published:2/24/2021 8:54:48 PM
[73ea1038-ee75-562d-8402-eeb17ef97e7b] Rosanna Arquette says Tiger Woods' crash is 'terrible,' but 'democracy' is near 'critical condition' Tiger Woods' recent car crash spurred a response from "Ratched" actress Rosanna Arquette, which drew mixed reactions from followers. Published:2/24/2021 8:54:48 PM
[Markets] Conversation With BLS About Price Mismeasurement For Housing Conversation With BLS About Price Mismeasurement For Housing

Submitted by Joseph Carson, former chief economist at AllianceBernstein

Recently, I shared my concerns about price mismeasurement for owner-occupied housing with a senior official who works in the Division of Consumer Prices at the Bureau of Labor Statistics (BLS). The senior official agreed with me, "That, in theory, treatment of owner-occupied housing in a CPI measure sounds easy, but in practice, it is not." Here's a summary of the main points of the conversation.

First, the senior official noted the International Labor Organization (ILO) manual of Consumer Prices states: The treatment of owner-occupied housing in consumer price indices (CPIs) is arguably the most difficult issue faced by CPI compilers.

I used to share that view, but no longer. The most challenging problem in price measurement is the pervasiveness of item replacements. It isn't easy to get a continuous price series when products have a short shelf-life. Technology products create a problem for price measurement as the characteristics of items change frequently. The stock of housing does not change much from year to year, so it's not an issue.

Moreover, the quality of house price statistics has dramatically improved in the past few decades. Repeat sales series adjusted for the time between sales provides government statisticians with price information that was not available in the past. In the early 1980s, BLS cited poor data quality on house prices as one reason to change the measurement of owner housing costs. Nowadays, there is better data on prices for owner housing than there is for rents.

Second, according to ILO, "Depending on the proportion of the reference population that are owner-occupiers, the alternative conceptual treatments can have a significant impact on the CPI, affecting both weights and, at least, short-term measures of price change."

But the hard evidence shows that alternative measures have had a significant short-term and long-term influence on reported inflation.

In 1999, BLS adopted an alternative measure for owner-occupied housing. Due to an inadequate sample of homes for rent, BLS decided to use rent data to gauge the owner-occupied housing implicit rents. Before the change, the rate of inflation for owner-occupied rent ran consistently above rent inflation. But after the change, that pattern flipped. Since 1999, the inflation rate for rent for primary residences has always run above what BLS estimated for owner-occupied housing.

That pattern of rents runs counter to market fundamentals. During periods of economic expansion, the vacancy rate for owner-occupied housing is falling, while the rental market's vacancy rate often moves in the opposite direction. Shrinking supply with rising prices for homes should yield a rent-inflation rate for owner-occupied housing that is much faster than the rent for a primary residence.

BLS data shows that the cumulative increase in rents for a primary residence is 20% greater than that of owners-occupied over the past two decades. It would seem improbable that based on market fundamentals alone, the owner's rent rate would run below that of primary rents.

The weight of owner-occupied housing accounts is substantial, accounting for approximately 30% of the core CPI. And given its vast scale, the continuous understatement of rent-inflation for owner-occupied housing has created the false impression that cyclical inflation is "flat". But in reality, it's not.

Third, the senior official stated that it is not "impossible" to measure owner-occupied implicit rents from rental markets. I said it is.

The two markets are separate. Research has shown that location is an essential factor for housing price, and it makes sense it would also influence rents. Owner housing is of a much higher quality than renter housing. Over 80% of owner homes are detached single-family versus less than 30% for rentals, and owner-occupied homes are much larger in scale. Five states, including two of the largest rental markets (New York and California), have rent control or rent stabilization policies. Trying to match the inflation rate from a partial-regulated rent market with one that is not regulated creates the potential for large-scale price mismeasurement.

Janet Norwood, the legendary BLS Commissioner, stated, "The goal of a government statistical agency must be to produce data that are objective, relevant, accurate, and timely." BLS measure of owners' housing costs fails all four.

Tyler Durden Wed, 02/24/2021 - 21:40
Published:2/24/2021 8:54:48 PM
[] Ted Cruz takes a beating: Dallas party store's hot new item is Cancun Ted pinata Published:2/24/2021 8:23:52 PM
[] Nancy Pelosi says not to expect any form of a State of the Union address from President Biden until the COVID bill is done Published:2/24/2021 8:23:52 PM
[Politics] Tony Perkins to Newsmax TV: Dems Want to Force Americans to Fund Abortion Tony Perkins, head of the Family Research Council in Washington, D.C., says the Democratic Party is no longer liberal, but leftist, and the only way to change things is to vote them out of office in 2022. Published:2/24/2021 8:23:52 PM
[Entertainment] This Is Us Returns to the Future: Everything We've Learned So Far This Is UsFinally, This Is Us went back to the future. For the last two seasons, the NBC hit has been showing us bits and pieces of one important date about 11 years in the future, when the entire...
Published:2/24/2021 8:23:52 PM
[Markets] Asian stocks open higher as Fed's Powell nixes inflation fears Asian stocks perked up on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low, calming market fears that higher inflation might prompt the central bank to tighten the monetary spigot. Hong Kong's Hang Seng index futures rose 0.92%. In a second day of testimony in Washington, Powell reiterated the Fed's promise to get the U.S. economy back to full employment and to not worry about inflation unless prices rose in a persistent and troubling way. Published:2/24/2021 8:23:52 PM
[Uncategorized] Still More DOJ Charging Documents Show Facebook — Not Parler — Most Used By Capitol Hill Rioters

"Thus Jan. 6, for all of its horrible events, offered a convenient and successful excuse by which Big Tech could solve its Parler problem—even though the DOJ charging documents have now made clear that Parler’s role was minor."

The post Still More DOJ Charging Documents Show Facebook — Not Parler — Most Used By Capitol Hill Rioters first appeared on Le·gal In·sur·rec·tion.
Published:2/24/2021 8:23:52 PM
[c0681eb8-c53c-5a04-b831-f101aa3f3a48] 'Frasier' revival with Kelsey Grammer coming to Paramount+, more series announced "Criminal Minds" is also getting the reboot treatment and will be accompanied by a companion docuseries. Published:2/24/2021 8:23:52 PM
[Entertainment] ViacomCBS will enter the streaming wars with Paramount Plus on March 4 A late streaming entrant makes its case. Published:2/24/2021 8:23:52 PM
[Markets] Goldman Sachs Says Urban Flight To Last For Years  Goldman Sachs Says Urban Flight To Last For Years 

Goldman Sachs expects the exodus from cities to weigh on shelter inflation. Goldman's Jan Hatzius told clients that it could take years for urban vacancies to normalize. 

Hatzius' note, titled "Inflation Signal, Healthcare Noise (Hill)," had some excellent commentary on the urban exodus, aligning with our thoughts from last July when we said city dwellers fleeing metro areas could last for the next 18-24 months. 

Here's what he told clients:

We expect a waning drag from urban flight on shelter inflation by next year. However, we don't expect upward pressure from this channel (relative to the pre-crisis period), because we believe it is the level of rental vacancies that is the primary determinant of shelter inflation. 

We also expect at least some of the suburban relocation to prove permanent. The advent of work from home and the fact that second homes represent less than a third of 2020 home sales growth suggest it could take several years for urban vacancy rates to normalize—even with the relatively quick return to full employment that we forecast. 

... and there it is: "several years for urban vacancy rates to normalize." The hope and hype of urban revivals in a post-pandemic world could get squashed as suburbanization becomes more permanent - hybrid work for white-collar workers is pushing this trend into hyperdrive. 

Last month, in a note titled "Rental-Exodus Sparks Surge In Single-Family Housing Starts & Permits," we continued to outline the supporting trends of booming starts and permits for single-family homes as folks sought shelter in suburbia. 

While the boom in the suburbs is still intact but could be experiencing some headwinds, especially with rising mortgage rates, housing recoveries in major metro areas will likely wane as housing supply tops demand.

Hatzius shows rents in suburban zip codes are experiencing upwards pressure due to the exodus. Meanwhile, downtown and high-density zip codes are seeing downward pressure. 

Because of the social-economic chaos last summer across major metro areas, violent crime surging, and hybrid work trends due to the pandemic, the shift to suburbia will become more permanent. It will take people some time to realize that the economy will never return to pre-COVID times - a lot of structural changes have already happened in a short period. 

Tyler Durden Wed, 02/24/2021 - 21:20
Published:2/24/2021 8:23:52 PM
[] China rewrites the history of Hong Kong to make students more patriotic Published:2/24/2021 7:54:46 PM
[Politics] Sen. Lindsey Graham to Newsmax TV: Liberals' Censorship Will Fail Fear not consumers of conservative media, attacks on free speech and attempts at censorship "are going nowhere," Sen. Lindsey Graham, R-S.C., vowed on Newsmax TV.... Published:2/24/2021 7:54:46 PM
[Entertainment] Lady Gaga Returns to Her Brunette Roots During Glamorous Outing in Rome Lady Gaga, 2021 Presidential InaugurationAlly, is that you? Lady Gaga looks more like her movie star alter ego these days, because she's a brunette once again! The "Shallow" singer was spotted out in Rome...
Published:2/24/2021 7:54:45 PM
[Opinion] Elite Panic Over The California Recall Shows What They Think Of Democracy

By Kevin Kiley -

The latest signature count for the effort to recall California Governor Gavin Newsom is over 1.7 million, and “alarmed party leaders” are panicking, making “all hands on deck” calls to try to head off this extraordinary citizens’ movement. In an infamous press conference, the Chair of the State Democratic Party and other Newsom allies dubbed the Recall …

Elite Panic Over The California Recall Shows What They Think Of Democracy is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:2/24/2021 7:54:45 PM
[Politics] Brexit Diary: As BoJo Waffles, Tory 'Dinosaurs' Turn on His Fianc Not since the days of Benjamin Disraeli has a prime minister's wife been cause for such conversation as has Prime Minister Boris Johnson's fianc . "Is Carry Symonds really a Downing Street manipulator or a shrewd supportive partner?" asks the headline in the Times, though the Mirror suggests merely that she has become the prime ministerial hair-dresser who finally tamed the PM's unruly mop. I offer the comparison to Mary Anne Disraeli because Dizzy's wife was quite the story in her day. In... Published:2/24/2021 7:54:45 PM
[2021 News] The oldest Chinese-American association has announced a revolt against critical race theory.

  The oldest Chinese-American association has announced a revolt against critical race theory. If you’re Asian, now you’re ‘white.’ Critical Race Theory (CRT) is an evil abomination that’s being used by leftists to separate the country. The oldest Chinese-American association has announced a revolt against critical race theory. Many fled the Cultural Revolution in their […]

The post The oldest Chinese-American association has announced a revolt against critical race theory. appeared first on IHTM.

Published:2/24/2021 7:54:45 PM
[Markets] "Door Is Always Open": China Invites UN Rights Chief To Investigate Uighur Genocide Charge "Door Is Always Open": China Invites UN Rights Chief To Investigate Uighur Genocide Charge

While vehemently rejecting widespread reports from the US and Western allies as well as various Europe-based human rights groups of a systematic campaign to ethnically cleanse Uighur Muslims, China is now "welcoming" a United Nations team to come and investigate the allegations.

Chinese Foreign Minister Wang Yi addressed the UN Human Rights Council in Geneva at the start of this week via video call. Calling the allegations "slanderous attacks" he later at a news conference touted that "China has sent invitations to the high commissioner of the UN for human rights about a trip to China and Xinjiang."

??????Via AFP

“The two sides have maintained close communication on this matter,” Wang added. He had told the UN human rights session on Monday that "basic facts show that there has never been so-called genocide, forced labor or religious oppression in Xinjiang."

It follows the US formally designating it as such during the tail end of the Trump administration, something which Biden has signaled is up for review. There's long been widespread allegations of on million Uighurs forcibly detained in either labor or 'reeducation' camps under Communist authorities. 

Wang said he's issued a personal invitation to UN rights chief Michelle Bachelet, after the UN team has long sought access to Xinjiang, where most of the detention camps are said to be. But much like the recent WHO trip to investigate the origins of coronavirus, such an endeavor is likely only to end in further accusations of a highly 'stage managed' and choreographed max obfuscation PR exercise.

"The door to Xinjiang is always open. People from many countries who have visited Xinjiang have learned the facts and the truth on the ground. China also welcomes the High Commissioner for Human Rights to visit Xinjiang," Wang said in reference to Bachelet.

Wang's defense before the UN body centered on "Xinjiang-related issues" ultimately being about "countering terrorism and separatism", touting further that there's been zero terror attacks in the region for almost the last half-decade. He also claimed the Uighur population has actually grown, not decreased as would be expected if there were an ongoing "genocide".

Meanwhile on Tuesday Canada's parliament unanimously passed a non-binding motion on the heels of the prior controversial US designation, calling China's policy toward Xinjiang and its ethnic minorities "genocide". Canada is also seeking to boycott the 2022 Beijing Winter Olympics over the issue, something which UK's Johnson has said his country won't jump on board with (i.e.: London does not plan to boycott the Olympics). "Genocide is clearly defined in international law which cannot be pinned to China," China's embassy in Canada shot back in reaction to what it called a "disgraceful" vote.

The vote was 266-0 in favor of the motion, however PM Trudeau and his cabinet abstained - yet it's likely the further damage to trade relations is already "done" in Beijing's eyes on the mere symbolism of the vote.

Tyler Durden Wed, 02/24/2021 - 20:40
Published:2/24/2021 7:54:45 PM
[] "That was a complete nonsense answer": Sasse grills Becerra on lawsuit to force nuns to cover contraception Published:2/24/2021 7:26:59 PM
[] Teacher cannot fathom putting students through any more harm, pain, or trauma by returning them to unsafe classrooms Published:2/24/2021 7:26:59 PM
[Politics] Rep. Reschenthaler to Newsmax TV: China Capitalized on Pandemic, Invaded Hong Kong Rep. Guy Reschenthaler, R-Penn., says China capitalized on the opportunity to impose a strict national security law on Hong Kong last summer as the world turned its attention to dealing with the coronavirus pandemic.... Published:2/24/2021 7:26:59 PM
[Markets] What's Worth Streaming: Here’s everything coming to Netflix in March 2021 — and what’s leaving For a third month in a row, Netflix is light on original series (blame pandemic production delays?), but a full slate of fresh docuseries, movies and reality shows should fill some of those gaps in March.
Published:2/24/2021 7:26:59 PM
[Democrats] A Fiery Denunciation of the Democrats (John Hinderaker) I feel like I often denounce the Democrats in pretty fiery terms, but David Horowitz’s standard is hard to match. If you think the January 6 mini-riot, which the Democrats are now using to justify their many abuses of power, is, if not fake news, certainly grossly exaggerated news, you are right. And David spells it out in his patented fashion. This essay is on Front Page, and I am Published:2/24/2021 7:26:59 PM
[Entertainment] We All Just Wanna Know If Joshua Jackson Will Be on The Mighty Ducks: Game Changers D3: The Mighty Ducks, Joshua JacksonObviously, we are thrilled about Disney+'s new Mighty Ducks series starring Lauren Graham. We love the Mighty Ducks, we love Lauren Graham, and so we love anything combining those...
Published:2/24/2021 7:26:59 PM
[Syndicated Posts] President Biden’s Executive Order Affecting America’s Supply Chains [full text]

By R. Mitchell -

President Joe Biden signed an executive order Wednesday in hopes of diversifying America’s critical supply chains. Full Text of President Biden’s Order on Supply Chains By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:      Section 1.  Policy.  The United States needs …

President Biden’s Executive Order Affecting America’s Supply Chains [full text] is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:2/24/2021 7:26:59 PM
[Markets] Ohio Public School Orders Teachers And Students To Lobby For LGBT Legislation Ohio Public School Orders Teachers And Students To Lobby For LGBT Legislation

By Joseph Backholm of the Family Research Council,

An assistant principal at a Hilliard, Ohio high school sent an email to faculty telling teachers to endorse a controversial piece of legislation and encouraged students to do the same. The Hilliard City Council is currently considering legislation that would include sexual orientation and gender identity (SOGI) as protected classes in the city.

Similar legislation has been debated around the country for more than a decade, and the flagship piece of SOGI legislation -- the Equality Act -- was reintroduced in Congress this week.

While the ideas represented in the Hillard City Council legislation are not new, they are highly controversial. Aaron Baer, President of Citizens for Christian Values in Ohio, was on Washington Watch this week to explain the problem. "Not only are they turning students into lobbyists, using taxpayer dollars to force teachers to do something that violates their conscience and students to do the same, but they're not even telling students what they're really advocating for."

Mr. Baer pointed out that the call for activism did not even include a discussion of why the bill was controversial.

"The implications of this bill for women's privacy and the safety of children are massive. And the teachers and the script that they were given, literally a literal script that they were given to read to students, says nothing about the implications of this bill."

To their credit, Hillard City Schools has already released a statement recognizing that the actions of the principal were "not appropriate."

The incident raises questions about where else schools are being turned into progressive political action centers without the awareness of parents. Since the story broke, Mr. Baer acknowledged hearing from other teachers in Ohio Schools who had seen similar communications from their school but were reluctant to object out of concern for their careers.

It also provides a great opportunity for parents to reflect on whether the people they are entrusting with the education of their children are worthy of the trust they've been given.

It's worth noting that the signature block of the principal who sent the email includes the principal's "preferred pronouns," which are functionally a public statement of agreement with a set of ideas that are anti-truth, anti-science, and anti-God.

When Christian parents see this from "educators" in their schools, it should serve as their cue to remove their children as quickly as possible.

Think of it as a form of social distancing. When a child is developing their immune system, you don't put them in situations where they are likely to be exposed to a lot of dangerous viruses. So it is with worldview formation.

Bad ideas function just like a virus, but the consequences are much more serious. The education of your children should expose them to bad ideas, but like a vaccine, they should be exposed to them in ways and in doses that allow them to build up an immunity. The goal of a vaccine is not simply to expose someone to a virus -- the goal is to expose them in ways that allow them to defeat the virus anytime they are exposed to it.

Understanding and demonstrating the emptiness of bad ideas should be a primary goal of your child's education, but this cannot be accomplished by people who have embraced bad ideas.

Once your kids are properly formed, there's less risk in them being surrounded by people who believe things that aren't true because they recognize bad ideas when they see them and understand both why people believe those things and why they aren't true.

In that case, no matter how emotional the appeal or how well-intentioned the messenger, your child will be less likely to be affected because they understand the larger context of the debate and are anchored to reality. That should be the goal of our child's education, not "getting into a good college."

But until they have developed that capability, they're vulnerable. You cannot "fix" in a couple hours a week what your child absorbs for seven hours a day for 12 years, plus college.

The good news is, it's becoming easier to see where these ideological viruses are in their most advanced stages. Listing preferred pronouns is just one of the symptoms.

Continue to be kind and help if you can. Of course, befriend people who don't think like you, both because it's a good example for your kids and because the people most committed to bad ideas are often unhappy and want to figure out why they're so miserable despite doing everything they've been told to do that will make them happy. No one is beyond the reach of the truth, and you're there to be a depository of truth.

But don't let them teach your kids. Anything.

Citizens for Christian Values is encouraging families in Hilliard, Ohio to contact their school board to demand an immediate apology for this violation of the public trust, and rightly so.

Tyler Durden Wed, 02/24/2021 - 20:20
Published:2/24/2021 7:26:59 PM
[] 'This is a horrifying story': Jesse Singal schools Media Matters alumnus on academic administrators and their privilege Published:2/24/2021 6:53:52 PM
[Politics] Peter Navarro to Newsmax TV: How Can Biden 'Be This Stupid'? Former White House trade adviser Peter Navarro bemoaned the Biden administration's actions toward China on Newsmax TV on Wednesday, particularly the rescinding of the order that barred U.S. electric grid operators from purchasing equipment... Published:2/24/2021 6:53:52 PM
[Food] Plant-based food startup Next Gen lands $10M seed round from investors including Temasek Singapore is quickly turning into a hub for food-tech startups, partly because of government initiatives supporting the development of meat alternatives. One of the newest entrants is Next Gen, which will launch its plant-based “chicken” brand, called TiNDLE, in Singaporean restaurants next month. The company announced today that it has raised $10 million in seed […] Published:2/24/2021 6:53:51 PM
[Markets] IPO Report: Oscar Health is going public: Five things to know about the digital insurer Oscar Health Inc., the digital health insurance company well known to New Yorkers thanks to a subway advertising campaign, is going public in a deal that could value the company at up to $8 billion.
Published:2/24/2021 6:53:51 PM
[Politics] “I don’t believe Trump should be playing a role in America” – Liz Cheney dumps on Trump for speaking at CPAC Kevin McCarthy had just finished saying that Trump should absolutely be speaking at CPAC this weekend, and then Cheney says the exact opposite and takes it way too far:   Here’s the . . . Published:2/24/2021 6:53:51 PM
[Politics] “I don’t believe Trump should be playing a role in America” – Liz Cheney dumps on Trump for speaking at CPAC Kevin McCarthy had just finished saying that Trump should absolutely be speaking at CPAC this weekend, and then Cheney says the exact opposite and takes it way too far:   Here’s the . . . Published:2/24/2021 6:53:51 PM
[Markets] Asian open higher as Fed's Powell nixes inflation fears Asian stocks perked up on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low, calming market fears that higher inflation might prompt the central bank to tighten the monetary spigot. Hong Kong's Hang Seng index futures rose 0.92%. In a second day of testimony in Washington, Powell reiterated the Fed's promise to get the U.S. economy back to full employment and to not worry about inflation unless prices rose in a persistent and troubling way. Published:2/24/2021 6:53:51 PM
[Markets] If America Splits Up, What Happens To The Nukes? If America Splits Up, What Happens To The Nukes?

Authored by Ryan McMaken via The Mises Institute,

Opposition to American secession movements often hinges on the idea that foreign policy concerns trump any notions that the United States ought to be broken up into smaller pieces.

It almost goes without saying that those who subscribe to neoconservative ideology or other highly interventionist foreign policy views treat the idea of political division with alarm or contempt. Or both.

They have a point. It's likely that were the US to be broken up into smaller pieces, it would be weakened in its ability to act as a global hegemon, invading foreign nations at will, imposing “regime change,” and threatening war with any regime that opposes the whims of the American regime.

For some of us, however, this would be a feature of secession rather than a bug.

Moreover, the ability of the American regime to carry out offensive military operations such as regime change is separate and distinct from the regime’s ability to maintain an effective and credible defensive military force.

Last month, we looked at how even a dismembered United States would be more than capable of fielding a large and effective defensive military force. A politically divided America nonetheless remains a very wealthy America, and wealth remains a key component in effective military defense. In other words, bigness is not as important as the extent to which a regime can call upon high levels of wealth and capital accumulation.

That analysis, however, concentrated on conventional forces, and this leaves us with the question of how the successor states to a post-secession United States would fare in terms of nuclear deterrence.

In this case, there is even less need for bigness than in the case of conventional military forces. As the state of Israel has demonstrated, a small state can obtain the benefits of nuclear deterrence without a large population or a large economy.

In other words, an effective military defense through nuclear deterrence is even more economical than conventional military forces.

After Secession, Who Gets the Nukes?

But how would secession actually play out when nuclear weapons are involved?

One example we might consider is Ukraine’s secession from the Soviet Union the early 1990s.

In 1991, as the Soviet Union was collapsing, Ukrainians voted overwhelmingly to secede and set up an independent republic. At the time, the new state of Ukraine contained around one-third of the Soviet nuclear arsenal. This means there were literally thousands of nuclear warheads within Ukraine’s borders, making Ukraine’s arsenal the third largest in the world. In 1994, Ukraine began a program of denuclearization and today is no longer a nuclear power.

The relations between Ukraine and the new Russian Federation were acrimonious in the early nineties—as now—so this means that the lessons of the Ukraine situation are limited if applied to American secessionist movements. American pundits may like to play up the red-blue division in America as an intractable conflict of civilizations, but these differences are small potatoes compared to the sort of ethnic and nationalist conflicts that have long existed in Eurasia. 

Nevertheless, we can glean some insights from that separation.

For example, the Ukrainian secession demonstrates that it is possible for nuclear weapons to pass into the control of a seceding state without a general conflict breaking out. Indeed, Ukraine was not alone in this. Kazakhstan and Belarus “inherited” nuclear arms from the Soviet Union as well. If Russia, Ukraine, Kazakhstan, and Belarus can all peacefully negotiate a resolution on how to deal with a suddenly decentralized nuclear arsenal, the Americans can pull it off, too.

Nonetheless, the Ukraine situation highlights some of the technical and logistical problems involved in working out who exactly controls nuclear weapons in a postsecession situation.

For example, it was never a simple matter for the Ukrainian regime to assert technical control over land-based nuclear missiles. It is unlikely that Ukraine ever obtained all the tools necessary to actually launch the nuclear missiles within its territory.

It is likely, however, that Ukraine could have eventually gained this power, as it was already developing its own control system for the arsenal in 1993. Not surprisingly, the Soviet Russian regime was unenthusiastic about helping the Ukrainians in this respect.

When it came to using nuclear-capable bombers, on the other hand, it appears Ukraine’s regime had total control.

It is likely the successor states of the US would face similar issues. The use of land-based missiles would be heavily reliant on authorization from whichever faction most recently controlled access and launching authority, even if those missiles are physically located within the borders of a separatist state. It must be noted, however, that the state within which land-based nuclear missiles exist has the ability to prevent usage in most cases. This is because even if the missiles themselves cannot be directly controlled, the personnel that maintains and controls the sites can far more easily be traded out for personnel loyal to the new regime.

When it comes to submarines and bombers, a secessionist US region might find itself better able to assert control in the short term. Where those bombers and subs end up would have a lot to do with the likely chaotic situation in the wake of the independence movement and shifting borders.

Separatist Regions May Be Unwilling to Give Up Nukes

Ukraine had denuclearized in part due to bribes and pressure from both the United States and Russia. Russia wanted Ukraine’s arsenal for obvious reasons. The United States was obsessed with deproliferation, although it naturally insisted on keeping its own massive stockpile. 

Neither the US nor Russia had the ability to force Ukraine to denuclearize—short of a full-scale invasion of Ukraine, of course. However, Ukraine capitulated to pressure when the Russian Federation, the US, and the UK (and to a lesser extent China and France) pledged in the Budapest Memorandum to protect Ukraine's territorial integrity. 

In 2014, many interpreted this move as a grand folly when Russia annexed the Crimea from Ukraine and none of the other parties to the memorandum intervened. Ukraine had given up its best guarantee against Russian intervention—its nuclear arsenal—in exchange for weak “assurances” from foreign states.

Some foreign policy scholars—most notably John Mearsheimer—had predicted this and advised against denuclearization in Ukraine. Indeed, in 1993, Mearsheimer doubted that Ukraine would cave to denuclearization pressure precisely because reliable assurances from outsiders were unlikely. Even after the Budapest Memorandum became a reality a year later, it was nonetheless a rather weak reed on which to hang denuclearization. As Mearsheimer pointed out, should the Americans fail to provide an effective defense for Ukraine—as ended up being the case with the Crimea crisis—the Americans “would not have to live with the consequences of a Russian attack.” Nonetheless, some Ukrainians insist the Crimea crisis is not evidence of a need for a nuclear deterrent

Many, Americans, however, may be much less sanguine—even to the point of unwarranted paranoia—about the prospects of foreign intervention on American soil. This is why it is best to proceed assuming that at least some successor states to the current US would insist on retaining a nuclear arsenal. After all, while the Ukraine might have been betting on the US as the enforcer of the international order, such guarantees would be even more unlikely in the wake of an American secession crisis. Postsecession American states, in other words, would need to rely on a self-help system of deterrence.

On the other hand, we should not assume that all successor states to the United States would seek permanent nuclear arsenals. Some would likely give up nuclear programs, just as Sweden and South Africa have abandoned nuclear programs that were well advanced toward assembling arms (Sweden) or had already completed the construction of functioning warheads (South Africa). While the Ukrainian example of voluntary denuclearization may appear to be a blunder to many now, the situation in North America is different. North America is not eastern Europe with its long history of interstate conflict. In North America, Canada and the United States have been at peace for more than two centuries, and Canada has never made much effort to move toward assembling a nuclear arsenal. Rather, Canada’s proximity to the United States shields it from nuclear threats from outside North America. Any conventional or nuclear arrack on Canada from, say, China or Russia is likely to be interpreted as an attack on the United States, with disastrous consequences for the initial aggressor.

In other words, Canada benefits from what Baldur Thorhallsson calls “shelter” in the international arena. Canada requires no nuclear arsenal of its own, because it can use its close alliance with the United States as a substitute.

So long as some successor states of the United States maintain a functioning arsenal, other nonnuclear states in North America will be able to function similarly. It stands to reason that just as the United States in its current form has been at peace with all other former British colonies, it is likely that new North American republics will share a similar fate.

Big States Are Not Necessary: A Deterrent Nuclear Force Is Entirely Feasible for Small States

A new American republic need not be especially large to maintain a working arsenal.

While a sizable economy and population are extremely helpful in terms of building a large conventional military, these factors are not nearly as important when it comes to a nuclear force capable of deterring foreign powers.

As Kenneth Waltz has explained, “Nuclear parity is reached when countries have second-strike forces. It does not require quantitative or qualitative equality of forces.” That is, if a regime can plausibly hide or move around enough nuclear warheads to so as to survive a nuclear first strike, it is able to deter nuclear aggression from other states altogether. Moreover, the number of warheads necessary to achieve this number “not in the hundreds, but in the tens.”

This is why Waltz has concluded that “deterrence is easier to contrive than most strategists have believed" and that “some countries may find nuclear weapons a cheaper and safer alternative to running economically ruinous and militarily dangerous conventional arms races. Nuclear weapons may promise increased security and independence at an affordable price.” In other words, deterrence “can be implemented cheaply.”

The Israeli state is an important and illustrative case. This is a country with a GDP smaller than Colorado's and a population smaller than that of the US state of Georgia, yet Israel is thought to maintain a nuclear triad of sea, air, and land-based warheads. In other words, this is a small state which has taken full advantage of the relatively economical nature of a small nuclear arsenal (estimated to include approximately eighty assembled warheads).

Clearly, claims that even medium-sized American states—such as Ohio with 11 million people and a GDP nearly as large as that of Switzerland—are too small to possibly contemplate functioning as independent states are quite detached from reality. Moreover, there is no reason to assume any postsecession American state would seek to act alone in the realm of international relations. Kirkpatrick Sale has pointed out what should be regarded as obvious: "Historically, the response of small states to the threat of … aggression has been temporary confederation and mutual defense, and indeed the simple threat of such unity, in the form of defense treaties and leagues and alliances, has sometimes been a sufficient deterrent" (emphasis added).

On the other hand, a continuation of the current trend toward political centralization in Washington—and the growing political domination of every corner of the nation by central authorities—is likely to only harm future prospects for amicable separation and peaceful cooperation on the international stage. 

Tyler Durden Wed, 02/24/2021 - 19:40
Published:2/24/2021 6:53:51 PM
[In The News] Cuomo Denies Allegation That He Kissed, Harassed Former Staffer

By Mary Margaret Olohan -

Democratic New York Gov. Andrew Cuomo’s office denied Wednesday that he kissed and harassed a former staffer. Lindsey Boylan originally accused Cuomo of sexual harassment in a December tweet thread, then shared details of her allegations in a Medium post Wednesday. The former Cuomo staffer said that the governor kissed her without her consent during a …

Cuomo Denies Allegation That He Kissed, Harassed Former Staffer is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:2/24/2021 6:53:51 PM
[a1531010-d843-5662-a62f-148727c7b22a] Jill Biden gives Kelly Clarkson advice on healing after a divorce: 'Things will get better' "I Dare You" singer Kelly Clarkson received advice on divorce from First Lady Dr. Jill Biden. Published:2/24/2021 6:53:51 PM
[World] Fry's Is Gone, and Another Old Friend Passes Into the Night Published:2/24/2021 6:32:09 PM
[] 'Critical Race Theory is today's Chinese Exclusion Act': Chinese-American association comes out swinging against 'anti-racist' push Published:2/24/2021 6:32:09 PM
[Politics] Alaska Governor Positive for Coronavirus Alaska Gov. Mike Dunleavy has tested positive for COVID-19 and has mild symptoms, his office announced Wednesday.Dunleavy, a 59-year-old Republican, is currently at home in the Wasilla area, north of Anchorage. On Sunday, Dunleavy was identified as a close contact of someone... Published:2/24/2021 6:32:09 PM
[Guns] Washington Appeals Court Unanimously Strikes Down Local Gun-Control Law

A Washington appeals court struck down an onerous local gun storage ordinance in a victory for Second Amendment activists, who pushed a state law designed to stop strict gun laws from popping up in liberal localities. 

The post Washington Appeals Court Unanimously Strikes Down Local Gun-Control Law appeared first on Washington Free Beacon.

Published:2/24/2021 6:32:09 PM
[Uncategorized] Ithaca (NY) Mayor Calls for Abolishing Police Dept, Replacing With ‘Community Solution Workers’

“Department of Community Solutions and Public Safety”

The post Ithaca (NY) Mayor Calls for Abolishing Police Dept, Replacing With ‘Community Solution Workers’ first appeared on Le·gal In·sur·rec·tion.
Published:2/24/2021 6:32:09 PM
[Politics] Hawaii Must Reject Proposed Legislation That Would Increase Tobacco Related Deaths, Destroy Small Businesses Published:2/24/2021 6:32:09 PM
[topics:things/hospitals] Ban on attending hospitals with pregnant partners 'may have contributed to maternity deaths' Published:2/24/2021 6:32:09 PM
[Entertainment] Kaley Cuoco Recalls Being in a "State of Shock" Over Jim Parsons Ending Big Bang Theory Kaley Cuoco, The Big Bang Theory, Then and NowFor fans of The Big Bang Theory, Kaley Cuoco will always be their Penny. She played the Cheesecake Factory waitress for 12 seasons, long enough for viewers to see her become a pharmaceutical rep...
Published:2/24/2021 6:32:08 PM
[Media] Paramount+ will cost $4.99 per month with ads ViacomCBS executives held a virtual investor event today where they outlined the strategy for Paramount+, the streaming service set to launch on March 4 that’s basically a rebranded, expanded version of CBS All Access. In addition to launching in the United States, executives said the service will be available across Latin America and Canada on […] Published:2/24/2021 6:32:08 PM
[Customs, Border and Immigration News] Border Officer Intercepts Cocaine Worth over $1 Million at the Starr-Camargo International Bridge

By R. Mitchell -

RIO GRANDE CITY, Texas – U.S. Customs and Border Protection (CBP) officers at the Starr-Camargo International Bridge intercepted cocaine with an estimated street value of more than $1 million in a single enforcement action. “The combination of inspectional techniques and technology, continue to prove beneficial in our efforts to intercept these dangerous drugs,” said Port …

Border Officer Intercepts Cocaine Worth over $1 Million at the Starr-Camargo International Bridge is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:2/24/2021 6:32:08 PM
[Markets] Tanden Pounded By Progressives Over Potential 'Conflicts Of Interest' After Senate Delays Votes Tanden Pounded By Progressives Over Potential 'Conflicts Of Interest' After Senate Delays Votes

On Wednesday, two Senate committees delayed Wednesday votes on President Biden's pick to lead the Office of Management and Budget (OMB), Neera Tanden, after Democratic Sen. Joe Manchin (D-WV) and several GOP senators announced they wouldn't vote for her - in what the Washington Post described as "probably dooming her selection in an evenly divided Senate."

Tanden, president of the John Podesta-founded Center for American Progress, has come under fire for a series of now-deleted tweets promoting the Russia hoax as fact, denigrating political foes, and other statements which Manchin deemed 'overly partisan.'

That's not all, Tanden reportedly punched a progressive journalist in 2008 who had the audacity to ask then-Sen. Hillary Clinton about voting in favor of the Iraq war.

"Ms. Tanden responded by circling back to Mr. Shakir after the interview and, according to a person in the room, punching him in the chest," the New York Times reported in 2019, describing the alleged incident from when Tanden served as a top Clinton adviser.

Tanden claims she 'pushed him.'

On Wednesday, Sen Lisa Murkowski (R-AK) expressed concerns over Tanden, saying " suggested to the White House that my colleagues were being very critical of the statements, and rightly so and I think some of (the tweets) were clearly over the top," adding "Apparently I'm going to have to do more looking into what she thinks about me," after a tweet recently resurfaced in which Tanden attacked Murkowski.

What's more, a progressive advocacy group, RootsAction, says they're "heartened" that Tanden's nomination has stalled and 'may soon be withdrawn.'

"We are heartened that Tanden's nomination has stalled. Mainly due to her well-documented coziness with corporate elites, she is the wrong choice to head a federal agency that is vital in the regulatory process. It strains credulity to contend that she would be a true advocate for the public interest after many years of dutifully serving corporate interests," the group said in a statement.

Why doesn't RootsAction like Tanden?

"RootsAction opposed her OMB nomination from the outset. With our encouragement, many thousands of constituents wrote to their senators and urged them to vote against confirmation -- not because of her 'mean tweets' but because of her close funding relationships with corporate titans and foreign governments. What's stunning is the silence from Senate Democrats about the potential conflicts-of-interest raised by her decade of aggressive fundraising from powerful interests," according to co-founder Jeff Cohen.

Meanwhile, RootsAction national director Norman Solomon said "Business-as-usual in Washington means that elite donations are inundating think tanks and members of Congress. Tanden epitomizes a pay-to-play view of governance, which helps to explain why the anti-regulation, anti-union U.S. Chamber of Commerce is supporting her nomination. We need an OMB director without corporate ties that bind. Neera Tanden just doesn't qualify."

Tyler Durden Wed, 02/24/2021 - 19:20
Published:2/24/2021 6:32:08 PM
[fa4b7707-e767-5bea-a28d-a60b3420acec] Carly Pearce reflects on Michael Ray divorce: 'It was so embarrassing' Carly Pearce is opening up about her 2020 divorce from Michael Ray. Published:2/24/2021 6:32:08 PM
[Politics] 3 Highlights From House Hearing on ‘Disinformation and Extremism’ in News Media

A House subcommittee held a virtual hearing Wednesday on how to weed out what Democrats call “disinformation and extremism” in the media.  House Energy and... Read More

The post 3 Highlights From House Hearing on ‘Disinformation and Extremism’ in News Media appeared first on The Daily Signal.

Published:2/24/2021 6:32:08 PM
[Joe Biden's nominees] Another Appalling Biden Nominee (John Hinderaker) Joe Biden has nominated Debra Haaland to be Secretary of the Interior. Why? She is a Congresswoman from New Mexico and has some Native American heritage. I assume she is fully compliant with the Democrats’ far-left checklist; otherwise, she has no apparent qualifications for the job. Haaland’s nomination came before the Senate Energy Committee yesterday and today. She did not perform well. To put it charitably, she seemed like a Published:2/24/2021 6:32:08 PM
[] Re-Education Camp Cafe: Evil Kitty Edition Otters are mesmerized by a butterfly. I think I linked a different version of this a couple of weeks ago: introducing two abandoned baby stoats to each other. Really nice video of dozens of beautiful exotic birds just visiting an... Published:2/24/2021 6:32:08 PM
[] NY Times covers the real story of false accusations and identity politics at Smith College Published:2/24/2021 5:52:49 PM
[SQ] Square's Post-Earnings Plunge May Be A Sign Of Things To Come Published:2/24/2021 5:52:49 PM
[Politics] Newsom, lawmakers agree to pay pro-Biden firm for California voter education contract

California officials will pay the balance due on a $35-million contract for voter outreach last fall after months of wrangling.

Published:2/24/2021 5:52:49 PM
[TC] Spain’s Wallapop raises $191M at an $840M valuation for its classifieds marketplace Through all of the last year’s lockdowns, venue closures, and other social distancing measures that governments have enacted and people have followed to slow the spread of Covid-19, shopping — and specifically e-commerce — has remained a consistent and hugely important service. It’s not just something that we had to do; it’s been an important lifeline […] Published:2/24/2021 5:52:49 PM
[Free Speech] [Eugene Volokh] Libel Lawsuit Over "Son of a Hitman" Podcast The podcast is about Charles Harrelson (actor Woody Harrelson's father), who had been convicted of murdering a federal judge Published:2/24/2021 5:52:49 PM
[936586c1-03d1-53e3-acaf-cd614c63d869] Gutfeld on Dr. Fauci's mixed messaging on COVID When it comes to the coronavirus, if you know one thing about me, it's that I follow the science. Published:2/24/2021 5:52:49 PM
[Politics] “Sounds like actions from the Chinese Communist Party” – Rep. Rodgers absolutely ??TORCHES?? Democrats for assault on 1st amendment I’m not a huge fan of Rep. Cathy McMorris Rodgers, who used to be Chair of the House Republican Conference, but boy did she torch Democrats with 🔥fire🔥 today for their brazen . . . Published:2/24/2021 5:52:49 PM
[Politics] “Sounds like actions from the Chinese Communist Party” – Rep. Rodgers absolutely ??TORCHES?? Democrats for assault on 1st amendment I’m not a huge fan of Rep. Cathy McMorris Rodgers, who used to be Chair of the House Republican Conference, but boy did she torch Democrats with 🔥fire🔥 today for their brazen . . . Published:2/24/2021 5:52:49 PM
[Entertainment] Could WandaVision Get a Season 2? Marvel Boss Kevin Feige on the Future of Marvel TV WandaVision, Elizabeth Olsen, Paul BettanyThe future of Marvel TV is a mystery that only Kevin Feige can solve, if and when he wants to. The Marvel Studios president appeared virtually for the 2021 Winter TV Critics Association...
Published:2/24/2021 5:52:49 PM
[Markets] Round 2 Of Face-Ripping Short Squeeze Arrives Just As Hedge Funds Pile Into Shorts Round 2 Of Face-Ripping Short Squeeze Arrives Just As Hedge Funds Pile Into Shorts

One of the key catalysts behind the original round of meme stocks such as GME and AMC surging in late January in "rip your face off" rallies, was targeting companies that were heavily short, in some cases - such as Gamestop - with a synthetic short position that was 140% of the float. Since then, the short interest in all of these original meme companies has collapsed dramatically as hedge funds that were short said meme stocks suffered tremendous, and in some cases, irreparable losses.

What is remarkable is that the targeted WallStreetBets raids of heavily shorted stocks took place in an environment where marketwide shorts were actually at the lowest level on record as a result of the endless levitation in the S&P500 thanks to the trillions of Fed monetary generosity, with most industries ranking in the 0 percentile vs history in terms of short interest as a % of market cap (with the exception of energy, where the short squeeze has yet to come at the industry level).

But is that really true? Well, it may have been until about two weeks ago but then things changed drastically.

As JPMorgan wrote on Tuesday, while hedge funds were quite positive on markets especially in the US, over the past 6+ months (JPM had seen net buying most days since late July 2020), "following the recent weakness and rotation, we’ve seen HFs react by adding more shorts, which are picking up after the large covering in late Jan", and remarkably Monday was the largest day of short additions in North America since late June 2020!

Meanwhile, as JPM notes today in its summary of the furious rip higher in Gamestop and AMC, "we may be seeing the beginning of the Retail impulse returning." Translation: the WallStreetBets "incels" are back for round two and are trying to make lightning strike twice, by focusing on the two more popular shorts of the latest round of short squeezes:

This means that just as hedge funds reloaded on their shorts expecting a rapid acceleration in the recent market correction... the reddit rebellion is back and is set to squeeze all those millions in newly layered shorts which are not being picked up in the latest data which is as of two weeks ago, or just as the short flush peak and a new layer of shorting was starting.

And while one can only dream, it would be truly remarkable if - expecting that lightning will not strike twice - the likes of Melvin Capital doubled down on their GME shorts after suffering catastrophic losses on the same position. While we doubt god can be that cruel, here is an artist's rendering of "what if"...

Tyler Durden Wed, 02/24/2021 - 18:40
Published:2/24/2021 5:52:48 PM
[13e9fa30-d822-5a0a-b832-25565a826c1d] ‘Borat’ star Sacha Baron Cohen says it's 'too dangerous' to keep playing role in future films In one scene from the sequel, the British actor needed to wear a bulletproof vest. Published:2/24/2021 5:52:48 PM
[Markets] What's Worth Streaming: Here’s what’s coming to HBO Max in March 2021, and what’s leaving HBO Max is all about things going ka-blooey in March, with the premieres of the blockbuster movies "Godzilla vs. Kong" and "Zack Snyder's Justice League."
Published:2/24/2021 5:52:48 PM
[] The Bill & Melinda Gates Foundation Is the Only Named Donor to an Organization Which Claims That Objective Mathematics, and the Claim That Some Answers Are Right And Others Are Wrong, Is... Racist These leftwing idiots -- one a golddigging dick-riding nobody, the other being a college dropout whose only skill is buying a buggy operating system and failing to fix it for fifty fucking years -- are apparently "experts" in everything, and... Published:2/24/2021 5:52:48 PM
[] California Bill Would Fine Stores $1,000 for Having Separate Boys and Girls Sections Published:2/24/2021 5:24:54 PM
[Politics] Netanyahu Reportedly Asked Biden to Keep International Criminal Court Sanctions Israel Prime Minister Benjamin Netanyahu reportedly asked President Joe Biden to maintain sanctions imposed by the Trump administration on the International Criminal Court.In their first phone conversation since Biden took office, Netanyahu made the request as an attempt to... Published:2/24/2021 5:24:54 PM
[Congressional Hall Monitor] Rand Paul Introduces One-Page Bill Prohibiting Forced Unionization

By Thomas Catenacci -

Republicans Sen. Rand Paul and Rep. Joe Wilson reintroduced the National Right to Work Act on Wednesday, which would prohibit unions from coercing private-sector employees from paying dues. The National Right to Work Act is a one-page bill that doesn’t add to existing labor law but removes language from past legislation, South Carolina Rep. Joe Wilson …

Rand Paul Introduces One-Page Bill Prohibiting Forced Unionization is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:2/24/2021 5:24:54 PM
[Biden Administration] Becerra Falsely Claims He ‘Never Sued Any Nuns’

President Joe Biden's pick to lead the Department of Health and Human Services Xavier Becerra misleadingly claimed he never took legal action against religious orders during his confirmation hearing Wednesday.

The post Becerra Falsely Claims He ‘Never Sued Any Nuns’ appeared first on Washington Free Beacon.

Published:2/24/2021 5:24:54 PM
[Entertainment] Mandy Moore Reveals the Sweet Inspiration for Baby Boy August's Name  Mandy MooreMandy Moore announced on Tuesday, Feb. 23, that she gave birth to her and husband Taylor Goldsmith's first child, a baby boy named August, and his name bears a special meaning for the...
Published:2/24/2021 5:24:54 PM
[World] [Josh Blackman] Classes #10: Obscenity II and Estates II Miller v. California and Ashcroft v. Free Speech Coalition Published:2/24/2021 5:24:54 PM
[Markets] Stock market news live updates: Stock futures open flat; GameStop, AMC shares surge Stock market news live updates: Stock futures open flat; GameStop, AMC shares surge Published:2/24/2021 5:24:54 PM
[2021 News] Bizarro World news item of the week

Bizarro World news item of the week: The Vatican, no doubt influenced by Pope Francis, arguably the first non-Christian pope, has decided that Mary the mother of Jesus is a Muslim.

The post Bizarro World news item of the week appeared first on IHTM.

Published:2/24/2021 5:24:54 PM
[Markets] A Year Later, There's Still No Evidence Showing Governments Can Control The Spread Of COVID-19 A Year Later, There's Still No Evidence Showing Governments Can Control The Spread Of COVID-19

Authored by Anthony Rozmajzl via The Mises Institute,

As we approach the one-year anniversary of fifteen days to flatten the curve, we have yet to acquire any data suggesting that the past year of life-destroying lockdowns and politicized behavioral mandates has done anything to keep us safe from covid-19. While discussions surrounding the reintroduction of nationwide lockdowns seem to have ceased—it's impossible to ignore the lockdowns' disproportionately deadly effects and the numerous studies demonstrating their futility—the media still retain their grip on the narrative that nonpharmaceutical interventions (NPIs) such as mask mandates, curfews, capacity restrictions, gathering restrictions, and others remain necessary to prevail in our fight against covid-19.

Government officials, in lockstep with big tech and nearly all major news outlets, have controlled the NPI narrative to such an extent that its proponents have simply sidestepped the burden of proof naturally arising from the introduction and continued support of novel virus mitigation strategies, happily pointing to the fact that their ideas enjoy unanimous support from the corporate media and government officials all over the world. This seemingly impenetrable narrative rests, of course, on the critical assumption that NPIs, or behavioral mandates, have protected us from covid-19.

The One Chart That Covid Doomsdayers Can’t Explain

If there is one visualization the reader should become familiar with to highlight the ineffectiveness of a nearly a year’s worth of NPIs, it would be the following chart comparing hospitalizations and deaths per million in Florida with those in New York and California, however we will be focusing solely on the comparison between Florida and California.

In light of everything our officials have taught us about how this virus spreads, it defies reality that Florida, a fully open and popular travel destination with one of the oldest populations in the country, currently has lower hospitalizations and deaths per million than California, a state with much heavier restrictions and one of the youngest populations in the country. While it is true that, overall, California does slightly better than Florida in deaths per million, simply accounting for California's much younger population tips the scales in Florida’s favor.

Florida has zero restrictions on bars, breweries, indoor dining, gyms, places of worship, gathering sizes, and almost all schools are offering in-person instruction. California, on the other hand, retains heavy restrictions in each of these areas. At the very least, Florida's hospitalizations and deaths per million should be substantially worse than California's. Those who predicted death and destruction as a consequence of Florida's September reopening simply cannot see these results as anything other than utterly remarkable. Even White House covid advisor Andy Slavitt, much to the establishment’s embarrassment, had no explanation for Florida’s success relative to California. Slavitt was reduced to parroting establishment talking points after admitting that Florida’s surprisingly great numbers were “just a little beyond our explanation.”

Does Compliance Explain the Discrepancy?

Invariably, the above graph will invoke responses pointing to Californians’ supposed lack of compliance relative to Floridians as justification for their poor numbers. On its face, this claim is patently absurd given that Florida has been fully open since September. But if we dig into the data a bit more, we find some relevant metrics that shed light on how frequently Floridians and Californians are engaging in behaviors that allegedly fuel covid-19 transmission. The following survey data—California is shown in blue, Florida in gray—is taken from Carnegie Mellon University's Delphi Research Group. Beyond the red vertical line, Florida has had consistently lower hospitalizations and deaths per million than California.

Mask Compliance

Bar Visits

Traveling

Restaurant Visits

We can see that, relative to Floridians, Californians have consistently been doing a better job of avoiding social behaviors that allegedly fuel the spread of covid-19. Moreover, at no point was there a drastic change in behavioral patterns after December 17 indicating that Floridians had suddenly begun avoiding activities purportedly linked to covid transmission.

A quick glance at each state's "social distancing score" also indicates, yet again, that Californians have been doing a better job avoiding activities meant to facilitate the spread of covid-19. Additionally, Google's covid mobility reports, as of February 16, 2021, show that Californians partake in fewer retail and recreational visits—restaurants, cafes, shopping centers, theme parks, museums, libraries, and movie theaters—as well as fewer grocery store and pharmacy visits, which include farmers markets, food warehouses, and speciality food shops. Evidently, the whole “noncompliance” schtick is nothing more than a fraudulent excuse for explaining away undesirable trends.

More Metrics Rebutting the Mainstream Covid-19 Narrative

Moving on from the Florida-California comparison, national metrics also highlight the lack of correlation between the intensity of states' NPIs—methodology for determining this can be found here—and deaths per million.

In fact, if we visualize case trends across all fifty diverse states, each state having varying levels of restrictions, you'll quickly notice a pattern that presents itself quite similarly across all fifty states: a bump in cases early to midway through the year followed by a much bigger surge in cases during winter months. The following data was retrieved from Johns Hopkins Coronavirus Resource Center.

Similar case patterns across fifty states is hardly an indicator of a government capable of influencing the course of the virus. Instead, research published in Evolutionary Bioinformatics shows that case counts and mortality rates are strongly correlated with temperature and latitude, a concept known as “seasonality,” which, once recognized, largely explains the failure of the past year’s NPIs.

Meanwhile, we can look at seasonally congruent regions to see whether or not varying degrees of behavioral mandates have had any noticeable impact on cases. What we find, thanks to seasonality, is that regardless of the timing or existence of mask mandates and other behavioral mandates, similar regions follow similar case growth patterns.

For the firm believer in NPIs, these simultaneous and nearly identical fluctuations between cities within the same state and states having similar climates are inexplicable. After accepting seasonality as one of the driving factors behind case fluctuations, we can start speaking of "covid season" as pragmatically as we speak of "flu season." A helpful visual of what covid season might look like, based on the Hope-Simpson seasonality model for influenza, can be found here.

Update on the Holiday Surge and Recent “Superspreaders”

Some of you may be wondering about the "holiday surges" that were supposed to have ravaged our hospitals following Thanksgiving and Christmas. Well, they never happened. Not only did the rate of covid-19 hospitalization growth decline after Thanksgiving, hospitalizations peaked less than two weeks after Christmas and have been sharply plummeting since! At the very least we should have seen a rapid increase in the hospitalization growth rate in the few weeks following Christmas.

As a bonus for those who like to keep up to date with the latest installments of The Media Who Cried Superspreader, Alabama recently came under heavy fire after thousands of maskless football fans took to the streets to celebrate their team winning the national college football title. FanSided, among others, was quick to label the large celebration as a superspreader event, and health officials were worried that the Alabama superspreader was going to result in a huge case spike. Here's what really happened.

Miraculously, cases immediately plummeted after Alabama’s "superspreader" event and continue to plummet to this day. If that wasn't enough, Mississippi, Alabama's next-door neighbor, followed a nearly identical case pattern despite hosting no superspreader events.

Finally, in our most recent installment of The Media Who Cried Superspreader, we see that two weeks—two weeks being the establishment’s baseline lag time between superspreaders and their consequences—after millions of people gathered with friends and family to watch Superbowl LV, cases, hospitalizations, and deaths continue to plummet.

Despite the scary warnings and grim predictions of Superbowl gatherings, we find, yet again, a gaping hole in the mainstream covid-19 narrative. It would appear safe to conclude that the worst of covid season is behind us.

Data show that from the few weeks prior to February 4, cases have fallen 45 percent in the United States—cases are still declining at a rapid pace despite mid-January warnings that the new variant would create a surge in cases—30 percent globally, and hospitalizations have dropped 26 percent since their mid-January peak. Yet there appears to be a general confusion as to how we've achieved these numbers. Did populations around the world unanimously begin complying with covid regulations? Did governments finally get serious about enforcing their mandates? These are some explanations we might hear, but only so long as cases and hospitalizations continue to trend downward.

It is very unlikely, however, that health officials will start pointing to seasonality as an alternative explanation for our continually improving numbers. To do so would be a tacit admission that nearly a year's worth of heavily politicized behavioral mandates, life-destroying lockdowns, and devastating business closures were all for naught. But the data have spoken, and it is abundantly clear that attempting to socially engineer a respiratory virus out of existence is nothing short of a fool's errand.

Tyler Durden Wed, 02/24/2021 - 18:20
Published:2/24/2021 5:24:54 PM
[] Pillow fight! Someone's already beaten David Hogg to the lucrative 'liberal pillow' market Published:2/24/2021 4:52:04 PM
[Politics] McCarthy Condemns Dem Effort to De-Platform Newsmax, Fox, OANN House Minority Leader Kevin McCarthy on Wednesday condemned fellow California Reps. Anna Eshoo and Jerry McNerney and the lower chamber's hearing by the energy and commerce committee... Published:2/24/2021 4:52:03 PM
[Entertainment] Katharine McPhee Gives Birth: Look Back at Her Romance With David Foster Katharine McPhee, David FosterKatharine McPhee is officially a mom! The Smash actress welcomed her first child with husband David Foster, his team confirmed to E! News on Wednesday, Feb. 24. "Katharine...
Published:2/24/2021 4:52:03 PM
[World] Liz Cheney Lays Down Her Marker

Spared defenestration from House leadership, the anti-Trump neoconservative has made clear she wants a Republican Party civil war.

The post Liz Cheney Lays Down Her Marker appeared first on The American Conservative.

Published:2/24/2021 4:52:03 PM
[Markets] Was Trump 'The Mule'? Was Trump 'The Mule'?

Authored by Jim Quinn via The Bunring Platform blog,

“Excellence, he is known as the Mule. He is spoken of little, in a factual sense, but I have gathered the scraps and fragments of knowledge and winnowed out the most probable of them. He is apparently a man of neither birth nor standing. His father, unknown. His mother, dead in childbirth. His upbringing, that of a vagabond. His education, that of the tramp worlds, and the backwash alleys of space. He has no name other than that of the Mule, a name reportedly applied by himself to himself, and signifying, by popular explanation, his immense physical strength, and stubbornness of purpose.” 

- Isaac Asimov, Foundation and Empire

“The fall of Empire, gentlemen, is a massive thing, however, and not easily fought. It is dictated by a rising bureaucracy, a receding initiative, a freezing of caste, a damming of curiosity—a hundred other factors. It has been going on, as I have said, for centuries, and it is too majestic and massive a movement to stop.” 

– Isaac Asimov, Foundation

In March 2017, a mere two months after the stunningly unexpected victory of Donald Trump over the Deep State hand picked representative of dark forces – Hillary Clinton, I wrote a three-part article based upon Isaac Asimov’s Foundation trilogy, attempting to connect Trump’s elevation as the Gray Champion of this Fourth Turning to the plot of Asimov’s masterpiece. The three articles: Foundation – Fall of the American Galactic EmpireFoundation and Empire: Is Donald Trump the Mule?; and Second Foundation: Empire Crumbling, landed with a dud, generating few views and not many comments.

I thought it was a creative look at the fledgling Trump presidency, a Deep State intent on destroying him, integrated within the context of Asimov’s story of galactic subterfuge, controlling populations through mathematical mechanisms, and the rise of an individual upending the plans of elitists. I chalked up the dis-interest to the fact many people had never read the books, therefore could not relate to the comparison between Trump, the Mule, and Hari Seldon’s plan.

The other possibility was the fact I was already pondering Trump failing in his effort to defeat the Deep State and drain the Swamp. Trump supporters were still ecstatic with their victory, believing he could defeat the dark forces aligned against him, and resistant to the thought he might lose. Four years later, with the perspective of what has happened, we can honestly assess the suppositions I made in that article.

For those not familiar with Asimov’s trilogy, The Mule was a powerful mentalic mutant, warlord, and conqueror who posed the greatest threat to the Seldon Plan.

The plan involves the two Foundations. The First Foundation is the bastion of physical science and political order while the Second Foundation is a covert group of people hidden away who are experts in mentalics and psychohistorical prediction. Seldon’s science of psychohistory was outstanding at predicting the behavior of large populations but worthless in trying to predict what an individual might do.

The emergence of the Mule, a mentalic mutant with an acute telepathic ability to modify the emotions of human beings, could not have been predicted by the Seldon Plan, focused as it was on the statistical movements of vast numbers of peoples and populations across the galaxy. The Mule’s acute telepathic ability to modify the emotions of human beings derailed one of the basic assumptions of Hari Seldon’s psychohistory – that, in general, the responses of human populations to given stimuli will remain the same.

The Mule was the unpredictable variable in the equations of history and the greatest threat to the Seldon Plan. He disrupts the inevitability of the continued evolution of the First Foundation and potential early ending of the Dark Age. The Mule, through telepathic manipulation, defeats and takes over the Foundation’s growing empire, which has become increasingly control-oriented and out-of-touch with the outer planets in its rapidly expanding realm of influence.

The term mule invokes feelings of strength, stubbornness, and the ability to power forward despite obstacles. That description fits Trump perfectly and his ability to inspire millions of Americans through emotional appeals to patriotism and demonizing his left wing political and media enemies. His powers of persuasion weren’t mentalic, but his appeal to flyover country Americans was baffling to the liberal elites on the coasts and the RINOs who pretended to be conservative but were nothing more than grifters and neo-con warmongers.

I did not associate Hari Seldon with any particular person on the scene today when I wrote my article in 2017. Hari Seldon was an intellectual who created the Foundation, made up of other academic intellectuals. Then he set up a Second Foundation of even more talented intellectuals as a backup plan in case the Foundation failed. I saw Seldon and his ensemble of elitist academics and intellectual snobs as pompous control freaks on par with the Washington DC and Wall Street elitists like Pelosi, Schumer, McConnell, Yellen, Powell, Dimon and Buffet. They constitute the Foundation.

The Second Foundation was hidden in plain sight, operating in the shadows, unknown to the masses, and controlling the galaxy from behind the curtain. They were the Galactic Deep State.

I now see the Seldon character as Bill Gates, a college dropout geek who lucked into becoming a multi-billionaire with one decent idea, who now portrays himself as an expert in medical science, vaccines, farming, climate change, population right sizing, social media censorship and politics.

His billions entitle him to pontificate his psycho-babble propaganda on captured corporate media outlets, much like Seldon using his psychohistory to predict the future. Billionaire egos are immense. Gates flies on his private jet around the world spewing CO2 while preaching the gospel of lockdowns, drinking reprocessed piss, and forcing the masses to eat synthetic beef and bugs to save the planet.

I see the Second Foundation as representative of the Deep State. This amalgamation of the likes of Clapper, Comey, Brennan, Clinton, Soros, Bloomberg, Zuckerberg, Bezos, Dorsey, Cook, Schmidt, Schwab, and plethora of other sociopaths in the government, media, military, academia, and corporate world spent the last four years attempting to neutralize and neuter Donald Trump (aka The Mule). These affluent, highly educated, narcissistic, sanctimonious, malevolent scumbags, who believe they are the smartest men in the world, operate behind the scenes as the invisible government, manipulating the mechanisms of society and pulling the wires controlling the public mind.

There is virtually no difference between Seldon’s psychohistory and Bernays’ propaganda. These sociopaths believe they are entitled to run the world as they choose, with no input or resistance from the ignorant masses allowed. When the basket of deplorables rose up and elected Trump, the Deep State went into overdrive to nullify and defeat him. My prediction about his presidency came to be, with my ending question still up for debate:

His first two months in power will likely reflect his entire presidency. The Washington establishment and sinister Deep State players will attempt to thwart Trump’s every move. They have already impeded his immigration controls and attempt to repeal and replace Obamacare, while using their illegal surveillance state techniques to undermine his administration. The surveillance agencies, who are supposed to act on his behalf, are clearly trying to subvert his presidency. Leaks and fake news designed to sabotage the credibility of Trump and his administration will continue. Will the fear of retribution from mysterious surveillance state operatives convince Trump to fall into line and become a submissive lackey, no longer making waves for the Deep State?

The level of Deep State interference to undermine the Trump presidency reached extreme levels after those first two months of relatively minor meddling. What followed was a three-year Russia-gate farce as the DOJ, FBI and CIA conspired with Obama to unseat Trump by creating a fake Russia interference narrative based on a bullshit dossier, using it to have Comey weaponize the FBI against a duly elected president. Then his AG swamp creature allowed Mueller and his Hillary supporting cronies to torture Trump for two years before calling it quits with absolutely no charges. All along, the left-wing media cackled and crowed, producing a prodigious amount of fake news, which was duly called out by Trump.

The unrelenting negative coverage, despite successes on many fronts by Trump, revealed the true nature of the Deep State coup to overthrow a sitting president. The never-ending coup was ramped up again in 2019 as Pelosi and her flying monkeys – Chinese spy-shagger, Swalwell (aka the farter) and the socialist squad of hate mongers, drummed up a fake impeachment against Trump based upon a phone call regarding actual provable Biden family corruption in the Ukraine. The impeachment was a dead-on arrival political stunt to disparage Trump going into the election year.

But the Deep State coup de grace for cancelling and castrating Trump (aka The Mule) was the Covid conspiracy, which fell into the laps of Trump’s enemies through the accidental or purposeful release of a highly contagious, highly non-lethal flu virus from a Chinese bio-weapon lab, funded by Fauci and other U.S. governmental entities. After the impeachment charade imploded in January, and the Democrat presidential field of dementia patients, communists, whores, and morons pathetically made their case to replace Trump, a November victory seemed assured for Trump, as the economy was OK and the stock market was booming.

But then they were presented with a faux crisis, and as everyone knows – you can never let a good crisis go to waste. The Deep State, democratic governors, democratic mayors, the left-wing loving media, the Silicon Valley social media billionaire censorship tyrants, and Big Pharma combined forces to turn the nation into quivering cowering masked sheep, begging to be corralled and sheered by traitorous lying authoritarians demanding their acquiescence.

Throwing in systematic racism, elevating violent felon scum to sainthood, encouraging BLM and ANTIFA terrorists to burn cities, assault police, storm the White House, and blaming it all on Trump was a genius move. By using the Covid hysteria as a cover for demanding unlimited and uncontrolled mail-in voting, with no signature verification or time limits on counting votes, the Democrats assured themselves of certain victory in the limited number of swing states.

And still, Trump was on his way to victory again as of midnight on election night. This is when a halt was called by the Deep State, Dominion voting machines were “re-programmed” and suitcases full of “newly discovered” mail-in ballots appeared, with 97% of the votes going to Dementia Joe. He truly had put together the best election fraud team in history. That is why he never needed to leave his basement during the campaign.

Despite hundreds of documented accounts of massive voter fraud, eye witness accounts of fraudulent mail-in ballots, statistical analysis proving what supposedly happened with voting machines could not possibly happen, and the absolute laughability of Basement Biden actually getting 80 million votes, the Deep State co-conspirators closed ranks and did not allow Trump and his team a fair day in court to make their case. They had successfully stolen the election and accomplished their four-year long coup.

In order to ensure Trump did not rise again, Pelosi and her compadres used Trump’s powers of persuasion against him, by exploiting his peaceful January 6 rally in DC, as a means to lure some of his useful idiot supporters into entering the Capitol (with the Capitol police opening the doors), enticed by a bunch of ANTIFA/BLM provocateurs and taking selfies, stealing podiums, and milling around, until one of them got shot.

This fake news “armed insurrection” (despite no firearms used or confiscated) was then weaponized by Pelosi and her useful idiot followers to conduct an even more farcical impeachment of a president who was already out of office, playing golf in Florida. This tempest in teapot clown show of idiocracy played out over a few days, breathlessly covered by the MSNBC dullards and CNN dimwits, until it died under its own weight of superficial lunacy, with the Chief Justice refusing to preside and Democrat prosecutors caught doctoring evidence.

This failure to drive a stake through the heart of mule-headed Trump and insure he does not rise from the dead in 2024 to assume power once again, will not stop his vast number of enemies from keeping him stuck in Florida to live out his days on this earth as a failed president. Soros funded attorney generals across the land will hound Trump and his family with legal entanglements unless he promises to be a non-participant in government forever. Will the fear of financial retribution and consequences from a legal system that is stacked in favor of his enemies convince Trump to stand down? In my four-year-old article I asked these questions:

Will Trump’s reign resemble the reign of The Mule? The Mule’s conquest was astonishingly fast. He defeated the Foundation and established the Union of Worlds after only five years. The unpredictability of his arrival and rare mental talents befuddled the Foundation. Then he inexplicably paused in his campaign of conquests. Instead, he launched repeated expeditions in search of the Second Foundation. The Second Foundation, through unyielding pressure and generating fear of the unknown into the mind of The Mule, was able undermine his plans of conquest and turn him into a non-disruptive, toothless, nonthreatening, passive figurehead. As Trump’s best laid plans are obstructed, agenda foiled, and legislation hindered, will his enthusiasm for governance wane?

Based on what I have seen since the January 6 staged event at the Capitol, it appears Trump’s will to fight has subsided, even though he will continue to do interviews and give speeches to burnish his image as an outsider, continuing to fight for his 75 million followers. His influence didn’t help win the two Georgia run-off elections. It is highly unlikely he runs for president again in 2024.

He will utilize his popularity to invigorate his real estate and potential media empire. It will be all about the Benjamin’s from here on out. He surprised himself with his unlikely victory in 2016 and will be busy writing his best- selling book about the adventure in the near future. Trump TV is practically a given, but he will not be anything more than a thorn in the side of the Deep State (Second Foundation) going forward. He will no longer be a legitimate threat to their Plan.

Trump was a disrupting factor, disturbing the best laid plans of the global elitist establishment and revealing the hidden agendas of the Deep State. He had no support from the GOP establishment. In most cases, they undermined his efforts. He hired them into his cabinet and they continuously stabbed him in the back. Having your supposed allies work against you, in cahoots with the Democrats, surveillance state apparatus, all the alphabet agencies, and 90% of the mainstream and social media propaganda machinery, and you come to the realization we are ruled by a Uni-party of globalist elite using their immense wealth to manipulate and control the masses.

Sociopaths like Gates, Soros, Schwab, and Obama believe they are the smartest men on the planet and can pull the strings, making the puppet masses do as they command. Based on the last year, it appears they are right. The neutralization of Trump has convinced themselves of their invincibility. Their hubris blinds them to the wisdom of the bible – Pride goes before destruction, a haughty spirit before a fall.

Not only is the Great Reset, green new deal, communist doctrine implementation not going to reverse the downward spiral of the American Empire, but the last year of horrific political and financial decisions and imminent execution of the left-wing agenda through their empty senile vessel will accelerate the unavoidable collapse. MMT plus QE to infinity will surely solve all our problems.

The national debt went from $20 trillion when Trump was elected to $28 trillion today, and $30 trillion within the next year. It took 219 years to accumulate the first $10 trillion of debt, 9 years to accumulate the next $10 trillion of debt, and now less than five years to accumulate the next $10 trillion. Meanwhile, GDP has barely grown by 2% per year and household income has been stagnant for decades. Anyone who thinks this is sustainable, economically healthy, or representative of free market capitalism is either delusional or lying to promote their agenda of you owning nothing and being happy about it, while eating bugs and drinking processed piss.

Asimov’s trilogy documents the fall of the Galactic Empire, based upon the Fall of the Roman Empire, and written during the fall of the Third Reich. Whether Trump delayed or accelerated the Fall of the American Empire is inconsequential, as no one can reverse the coming collapse at this point. Technology does not improve human nature, create wisdom, or provide understanding. Humanity is incapable of change. The same weaknesses and self- destructive traits which have plagued us throughout history are as prevalent today as they ever were.

Empires are created by corruptible men whose failings, flaws, and desire for power, control and wealth never change. Decades of blunders, awful decisions, incompetent leadership, dishonesty and unconcealed treachery have paved a pathway to ruin for the American Empire. The outward appearance of strength disguises the internal rot, which will be revealed when the coming storm arrives with suddenness and a surprising fierceness.

“Mr. Advocate, the rotten tree-trunk, until the very moment when the storm-blast breaks it in two, has all the appearance of might it ever had. The storm-blast whistles through the branches of the Empire even now. Listen with the ears of psychohistory, and you will hear the creaking.” 

– Isaac AsimovFoundation

The American Empire is crumbling under the weight of military overreach; the totalitarian synergy between Big Tech and Big Gov.; destruction of the Constitution by traitorous surveillance state apparatchiks; the burden of unpayable debts; currency debasement; cultural decay; civic degeneration; diversity and deviancy trumping common culture and normality; pervasive corruption at every level of government; globalist agendas; and the failure of myopic leaders to deal with the real problems.

In the last year we have crossed our proverbial Rubi-covid, willingly trading our freedom and liberties for the perception of safety. We’ve past the point of no return. Asimov’s analogy of the wolf, horse and man has never been more apt than now. In our present- day version, the wolf is a China flu with a 99.7% survival rate that only kills the old and infirm. The horse is the American public (and most of the global population) living in constant fear of a non-lethal virus killing them at any moment. No matter how irrational, they desperately want to believe “experts” who authoritatively declare the steps necessary to save the world from this scourge.

The man is an amalgamation of Gates, Soros, Fauci, and the petty authoritarian politicians (Cuomo, Newsom, Whitmer, Wolf, Murphy) wielding power across the land. The man offered to save the horse from the wolf on condition of being given the power to disregard the Constitution, lockdown the country, destroy small businesses, create mass unemployment, mandate masks, crush free speech (except during BLM and ANTIFA riots), suspend the 4th Amendment, force experimental vaccinations upon the masses, and create $10 trillion of new debt, giving most of it to Wall Street, mega-corporations, and Big Pharma. And as an added benefit, get rid of a president who did not cooperate with their Global Reset agenda.

“A horse having a wolf as a powerful and dangerous enemy lived in constant fear of his life. Being driven to desperation, it occurred to him to seek a strong ally. Whereupon he approached a man, and offered an alliance, pointing out that the wolf was likewise an enemy of the man. The man accepted the partnership at once and offered to kill the wolf immediately, if his new partner would only co-operate by placing his greater speed at the man’s disposal. The horse was willing, and allowed the man to place bridle and saddle upon him.

The man mounted, hunted down the wolf, and killed him. “The horse, joyful and relieved, thanked the man, and said: ‘Now that our enemy is dead, remove your bridle and saddle and restore my freedom.’ “Whereupon the man laughed loudly and replied, ‘Never!’ and applied the spurs with a will.” – Isaac AsimovFoundation

So, today we find ourselves one year into “15 days to slow the spread” and millions of “horses” have asked the “man” to remove their bridle and saddle and restore our freedom. Miraculously, cases, hospitalizations, and deaths have plunged since the insertion of Dementia Joe into the White House by his Deep State handlers. The vaccine and mask propaganda campaigns are being ratcheted up, emperor Gates is on TV every other day expounding on covid, climate, synthetic food, population control, and the need for more control by billionaires like himself.

As millions demand their freedoms back, Gates, Fauci, Soros and Schwab laugh loudly and proclaim we can never go back to the way it was. They will apply the spurs of the “New Normal” and “Great Reset”. We failed to heed the wisdom of Ben Franklin and will pay a heavy price for our cowardice and subservience to totalitarian global elitists. The Mule has been defeated.

“They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.” – Ben Franklin – 1775

*  *  *

The corrupt establishment will do anything to suppress sites like the Burning Platform from revealing the truth. The corporate media does this by demonetizing sites like mine by blackballing the site from advertising revenue. If you get value from this site, please keep it running with a donation.

Tyler Durden Wed, 02/24/2021 - 17:40
Published:2/24/2021 4:52:03 PM
[Markets] Personal Finance Daily: Many Texans face sky-high electricity bills after winter storms and IRS has already received 55 million tax returns ahead of April 15 deadline Wednesday’s top personal finance stories
Published:2/24/2021 4:52:03 PM
[Education] Will Catholic Schools Survive COVID-19?

With schools across the country now approaching a full year of state-mandated closures, it’s important to remember the long-term effects that the lockdown has had.... Read More

The post Will Catholic Schools Survive COVID-19? appeared first on The Daily Signal.

Published:2/24/2021 4:52:03 PM
[NEWS & ANALYSIS] To Tell the Truth: WAPO Changes Trump’s “Kids in Cages” into “Mr. Biden’s Neighborhood” at Border

  The Washington Post is on the defensive after criticism over a double-standard within immigration policy coverage. After the Post ran a piece titled “First migrant facility for children opens under Biden in Carrizo, Texas,” many conservatives wondered what had happened to the “kids in cages” narrative pushed by the media during the Trump administration. […]

The post To Tell the Truth: WAPO Changes Trump’s “Kids in Cages” into “Mr. Biden’s Neighborhood” at Border appeared first on Human Events.

Published:2/24/2021 4:52:03 PM
[] Tucker Carlson: We Are Witnessing a Violent Revolution, But Mounted From Above Rather Than From Below, by the Extremist Elites Great video. Tucker has a modest proposal: Given that the elites are determined to import the third world into the US, Tucker proposes giving them entree into the middle class by forcing Harvard, Penn, Yale, etc. to only enroll illegal... Published:2/24/2021 4:52:03 PM
[] Becerra BS: I've never sued any nuns, you know Published:2/24/2021 4:25:31 PM
[] Poll: More Americans now worried about kids falling behind academically than risk of COVID from in-class instruction Published:2/24/2021 4:25:31 PM
[Politics] House Dems Call for Biden to Give Up Sole Launch Authority for Nuclear Weapons A group of about three dozen Democrats in the House have signed a letter calling for President Joe Biden to give up his sole authority to authorize the launch of nuclear weapons... Published:2/24/2021 4:25:31 PM
[Markets] REFILE-US STOCKS-Wall Street finishes up as Fed's Powell soothes inflation fears Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries. The Nasdaq index, which traded as much as 1.3% lower earlier in the session, regained its footing by early afternoon and closed up. The Dow hit a record high earlier in the session. Published:2/24/2021 4:25:31 PM
[World] Three Seas Initiative could pay dividends for decades

In the recent virtual Munich Security Conference, President Biden spoke of the many challenges facing the trans-Atlantic alliance, stating that the alliance itself is standing "at an inflection point."

Indeed, the West faces the reality of: an aggressive, opportunistic, and often reckless Russia; a 24/7, 360-degree competition with an emboldened ... Published:2/24/2021 4:25:31 PM

[Uncategorized] Mother of Capitol Police Officer Brian Sicknick Believes He Died From Stroke, but She Still Can’t Get Answers

"He wasn’t hit on the head no. We think he had a stroke, but we don’t know anything for sure. We’d love to know what happened," Officer Sicknick's mother Gladys told the Daily Mail.

The post Mother of Capitol Police Officer Brian Sicknick Believes He Died From Stroke, but She Still Can’t Get Answers first appeared on Le·gal In·sur·rec·tion.
Published:2/24/2021 4:25:31 PM
[International] UN Human Rights Council Should Condemn Nicolas Maduro, Not Give Him a Platform to Speak On

The United Nations Human Rights Council opened its 46th regular session on Monday. The first day of the session included an address from Venezuelan dictator... Read More

The post UN Human Rights Council Should Condemn Nicolas Maduro, Not Give Him a Platform to Speak On appeared first on The Daily Signal.

Published:2/24/2021 4:25:31 PM
[Markets] : GameStop and AMC stocks spike anew, as Reddit struggles to stay online Shares in GameStop Corp. and AMC Entertainment Holdings Inc. suddenly resumed spiking late in Wednesday's trading session, as Reddit --- the online message board where investors gathered to discuss their interest in those stocks previously --- suffered from outages.
Published:2/24/2021 4:25:31 PM
[Markets] Iran Says S.Korea To Release $1BN Of Its Frozen Funds After Tanker Seizure Iran Says S.Korea To Release $1BN Of Its Frozen Funds After Tanker Seizure

Iran and South Korea have been engaged for the past two months in intense crisis meetings triggered by the Jan.4 Iranian seizure of the South Korean-flagged tanker MT Hankuk Chemi off the Islamic Republic's southern waters. From the start of the IRGC's capturing the vessel and detaining its crew, Tehran pointed to $7 billion to $10 billion in Iranian assets in Korean banks previously frozen by Seoul in compliance with US-led sanctions. The clear message has been that the tanker can be released when the funds are released, despite the official Iranian claim that the Hankuk Chemi violated 'environmental protocols'.

And now Iran’s Central Bank says Seoul has agreed to release some of these funds. It's expected that $1 billion cash will be unfrozen in the first phase. "In the meeting with the South Korean envoy, we stressed how Iran could use its resources," Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati told state media on Wednesday.

Via Tasnim

"Great damage has been incurred on the Islamic Republic. It was Koreans themselves who asked and [came] to say that they are seeking to pay Iran’s assets and we showed them how to do so," the Iranian bank official added.

Ironically it had been Tehran officials that charged Seoul with "hostage taking" - in the form of badly needed funds at a moment the Iranian economy is being strangled by Washington sanctions.

While the release of the 19-person crew was already accomplished in early February, it appears Iran is still holding the oil tanker itself. South Korea’s Ministry of Foreign Affairs had said of the crew's release at the time: 

"The two sides... shared the view that the release of the sailors was an important first step to restore trust between the two countries and they will work to resolve the issue of frozen Iranian assets in South Korean banks," according to The Hill.

Iranian state media photo of talks on Monday.

At this point there hasn't been clear confirmation from the South Korean side that it's unfreezing $1 billion as touted in Iranian sources. However, it's clear that intensive talks have been ongoing, with South Korea previously scrambling to send diplomatic teams to Tehran over the tanker issue.

Tyler Durden Wed, 02/24/2021 - 17:20
Published:2/24/2021 4:25:31 PM
[World] : Verizon spends $45 billion in major 5G spectrum auction, while AT&T spends $23 billion Verizon Communications Inc. was overwhelmingly the largest bidder in a crucial 5G auction, spending $45.5 billion or more than half the auction's total sum.
Published:2/24/2021 4:25:31 PM
[] Rep. Marjorie Taylor Greene's neighbor in Congress puts up a transgender flag across the hallway to troll her Published:2/24/2021 3:52:44 PM
[Politics] Palm Beach County Refuses to Lower Flags for Rush Limbaugh Palm Beach County defied Gov. Ron DeSantis on Wednesday, refusing to lower its courthouse flags to half-staff in honor of the late conservative broadcaster Rush Limbaugh.The county's courthouse flags remained at full staff, ignoring Gov. Ron DeSantis' Tuesday afternoon... Published:2/24/2021 3:52:43 PM
[Latest News] Congressional Republicans Introduce National Right-to-Work Bill

Congressional Republicans reintroduced an act Wednesday that would allow employees to opt out of labor union membership.

The post Congressional Republicans Introduce National Right-to-Work Bill appeared first on Washington Free Beacon.

Published:2/24/2021 3:52:43 PM
[Featured News] Watch Live: President Biden Signs Executive Order Affecting the Economy – 2/24/21

By R. Mitchell -

President Joe Biden signs an executive order Wednesday. The signing is expected to begin at 4:15 p.m. EST. Content created by Conservative Daily News and some content syndicated through CDN is available for re-publication without charge under the Creative Commons license. Visit our syndication page for details and requirements.

Watch Live: President Biden Signs Executive Order Affecting the Economy – 2/24/21 is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:2/24/2021 3:52:43 PM
[dcc0d888-3bd2-5570-98bd-2319ba1890e8] Katharine McPhee, David Foster welcome first child together Katharine McPhee and her husband David Foster have welcomed a baby boy. Published:2/24/2021 3:52:43 PM
[Markets] Nvidia's quarterly sales top $5 billion for first time ever Nvidia's quarterly sales top $5 billion for first time ever Published:2/24/2021 3:52:43 PM
[Politics] Gov Cuomo hit with NEW sexual harassment claims while in the midst of nursing home scandal Even though it’s winter in New York, it must feel like the dead of summer to Governor Cuomo, who just got slapped with new claims of sexual harassment by Lindsey Boyle, who . . . Published:2/24/2021 3:52:43 PM
[Politics] Gov Cuomo hit with NEW sexual harassment claims while in the midst of nursing home scandal Even though it’s winter in New York, it must feel like the dead of summer to Governor Cuomo, who just got slapped with new claims of sexual harassment by Lindsey Boyle, who . . . Published:2/24/2021 3:52:43 PM
[Uplifting stories] Springtime scenes from around Charleston

I’m fortunate enough to live in a beautiful area, and it’s spring, so today is picture day.

The post Springtime scenes from around Charleston appeared first on Bookworm Room.

Published:2/24/2021 3:52:43 PM
[TC] Pilot CEO Waseem Daher tears down his company’s $60M Series C pitch deck "There are boxes that you definitely want to check, but I don't think you can outsource the creation of the narrative." Published:2/24/2021 3:52:43 PM
Top Searches:
books
FBI
dow
dow jones
obama
books1111111111111' UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45
-1'
NASA
obamacare
Casey

Jobs from Indeed

comments powered by Disqus