COMING UP SHORT THIS MONTH.
Thought for the day
"Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other." -- Oscar Ameringer, "The Mark Twain of American Socialism"
Update (1625ET): Hours after Bloomberg reported on the Wall Street WhatsApp settlement, the outlet reported that Goldman Sachs and Citigroup are among a group of 16 banks that have agreed to pay $1.1 billion in penalties for failing to monitor employees using unauthorized messaging apps.
The banks, along with Bank of America Corp. and Morgan Stanley, are among the 16 financial firms that reached agreements with the Securities and Exchange Commission, the regulator said in a statement Tuesday. -Bloomberg
Financial regulators require firms to closely monitor employee communications to minimize improper conduct.
House Minority Leader Kevin McCarthy helped sabotage Rep. Madison Cawthorn’s re-election campaign as part of an effort to purge the loudest pro-Trump lawmakers, according to a new report.
This is Biden’s America. A report out of San Antonio claims that Venezualian soldiers are living homeless on the streets of San Antonio.
I look forward to Professor Rozado extending his analysis of terms denoting “far right” and “far left” in the news media to 2020, when leftists rioted hundreds of times (but mostly peacefully!), and to 2021 when January 6 no doubt caused coverage of “far right” to go to infinity and beyond.
The biggest limitation of this work is that we cannot elucidate whether the media’s increasing use of terms denoting political extremism is driving, exaggerating or merely responding to concomitant rising political extremism in society. It is conceivable that far-right activity in society could have increased more markedly than far-left activity, justifying news media concern about it. It is, however, challenging to establish an Archimedean point of political neutrality to use as a reference for determining precisely what counts as political extremism.
While it is indisputable that groups which are labeled hard-right have been increasingly prominent in U.S. and European politics, it is also plausible that the center of gravity in established media newsrooms, as in other elite professions, has been shifting leftwards, especially as prestige news media is increasingly organized and edited by graduates from elite universities who tend to hold increasingly socially liberal beliefs. Therefore, a plausible explanation for the asymmetry in the prevalence of terms denoting left and right political extremism in news media content could be due to the ideological imbalance in newsrooms that might shape journalists’ choices of political adjectives.
It is becoming more and more apparent that even the fake news media will not be able to run cover for the Democrats as the November election approaches.
Another day, another yield-driven market shock, and another down day for the S&P which is now lower for 6 consecutive days, the longest stretch since February 2020 when the world was about to shut down (worse, as the last chart at the bottom of this post show, stocks are now officially in meltdown pattern mode... read on).
For those who don't see the pattern yet, it's simple: with central banks seeing who can outhawk each other the most every day, even as their governments vow to go into a debt-funded fiscal overdrive at a time of rising rates and QT, yields are predictably surging, and real yields are surging even more with real 10Ys hitting 1.63% today, the highest since April 2010. And since real yields track fwd PEs, it's getting uglier and uglier in risk land. Alas, it will likely get much uglier, as fwd PEs could drop as low as 12x.
Trump-Endorsed Arizona Attorney General Nominee Abe Hamadeh shredded his opponent, radical pro-defund the police leftist Kris Mayes, during the Arizona Chamber of Commerce and Industry’s Attorney General Candidate Forum on Thursday, September 15.
A Monday story in the Washington Post entitled “Putin grants citizenship to Edward Snowden, who exposed U.S. surveillance’” began:
Russian President Vladimir Putin granted citizenship on Monday to Edward Snowden, a former security consultant who leaked information about top-secret U.S. surveillance programs and is still wanted by Washington on espionage charges.
The story added:
Snowden’s disclosures, published first in The Washington Post and the Guardian, were arguably the biggest security breach in U.S. history. The information revealed top-secret NSA surveillance as part of a program known as PRISM and the extraction of a wide range of digital information.
Snowden is America’s most famous revealer-of-secrets, and the way he’s talked about has evolved to an extreme degree in less than a decade, showing how quickly a story about security overreach can be flipped into an argument for more vigilance. The press, which once worked with Snowden in its proper role as a bulwark against government excess, is effectively an arm of the state now, as is shown again in this absurd episode.
This article began as an aggressive rewrite of history and the Post’s own views, but underwent numerous alterations after it attracted criticism online yesterday.
This article was originally published by Michael Snyder at The Economic Collapse Blog.
If you love to cook, this upcoming Thanksgiving may be a real challenge for you. Thanks to a resurgence of the bird flu, supplies of turkey are getting tighter and tighter. Sadly, the same thing is true for eggs.
And as you will see below, reduced milk production is sending the price of butter into the stratosphere. Thanks to soaring prices, a traditional Thanksgiving dinner will be out of reach for millions of American families this year, and that is extremely unfortunate. Of course, all of this is happening in the context of a horrific global food crisis that is getting worse with each passing day. Yes, things are bad now, but they will be significantly worse this time next year.
The bird flu pandemic that has killed tens of millions of our chickens and turkeys was supposed to go away during the hot summer months, but that didn’t happen. And now that the weather is starting to get colder again, there has been a resurgence of the bird flu and this is “devastating egg and turkey operations in the heartland of the country”…
This article was originally published by The Daily Exposé under the title: Europe Suffers Horrifying 755% Increase in Excess Deaths Among Children Since EMA Approved COVID Vaccine for Kids
At the end of August, we exclusively revealed that official mortality figures for Europe showed a shocking 691% increase in excess deaths among children up to week 33 of 2022 since the European Medicines Agency extended the emergency use authorization of the Pfizer Covid-19 vaccine for use in children aged 12 to 15 in May 2021.
Our investigation has since forced the European Union’s official statistics department to begin a Europe-wide investigation into why there has been a significant increase in excess deaths among children aged 0 to 14.
However, upon announcing the investigation, EuroMOMO, the organization that published the figures, altered the baseline by which excess deaths are measured against. This questionable act resulted in the number of excess deaths being artificially reduced.
In a major victory for members of the NYPD’s largest police union, a judge ruled Friday cops who were fired for not getting vaccinated against the coronavirus have to be reinstated.
In the stunning decision, Manhattan Supreme Court Justice Lyle Frank wrote that the city’s vaccine mandate on the Police Benevolent Association was invalid “to the extent it has been used to impose a new condition of employment” on the union.
The mandate was also invalid because it issued enforcement beyond “monetary sanctions” prescribed in the law, Frank wrote — ordering that all PBA members put on leave or canned be reinstated.
It would be a “gross overstatement” of the city’s Department of Mental Health and Hygiene to say it could enforce the vaccine mandate through termination, unpaid leave or suspension, Frank said.
Former President Donald Trump's original political adviser Roger Stone was caught on tape making shocking statements in the days before the presidential election
'F**k the voting, let's get right to the violence,' Stone is heard saying in footage captured by documentary filmmakers Christoffer Guldbrandsen and Frederik Marbell on November 2, which was handed over to the January 6 House select committee and obtained by CNN.
In a second clip, aired on CNN Monday night, Stone is heard telling the Danish film crew on November 1, two days before the election, that Trump should claim victory before the votes are tallied - something the then-president later did.
Webmaster addition: Given the current sophistication of deep fake technology, we need to carefully examine that video for signs of alterations!
The EU has threatened the 'strongest possible response' to Putin for the 'deliberate' sabotage of the Nordstream gas pipeline amid fears that Kremlin frogmen blew it up off the coast of Sweden — causing a 3,000ft-wide bubble plume and sending prices spiking.
European Commission chief Ursula von der Leyen on Tuesday said that the leaks of the Nord Stream pipelines were caused by sabotage, and warned of the 'strongest possible response' should active European energy infrastructure be attacked.
'Spoke to (Danish Prime Minister Mette) Frederiksen on the sabotage action Nordstream,' von der Leyen said on Twitter, adding it was paramount now to investigate the incidents to get full clarity on the 'events and why.'
Webmaster addition : This is total USDA choice bovine excrement! Russia has no motive to blow up the pipeline. They have the valves if they want to cut off oil. But Russia has been sending a clear message to Europe that oil and gas will be restored if they abandon the US agenda of sanctions and wars. That is a lot of leverage Russia has over Europe.
However, with the pipelines destroyed, Russia's leverage over Europe vanishes. Thus, it is the US that has the strongest motive to cut off that flow from Russia to Europe, to keep Europe in the US' sphere of influence, even if it means extreme suffering for the people of Europe!
With the peak gift-giving season of the year just around the corner, big box retailers are responding to increases in product theft with fewer items on the shelf and more stored under lock and key, The Wall Street Journal reported Tuesday.
A Best Buy store in suburban Houston served as an example of this phenomenon with “hundreds of items” stored away from customers’ hands and signage in the aisles replacing the products, which were previously secured through anti-theft devices such as plastic product cases or security wire wraps, the report said.
The new signs inform customers, “This product kept in secured location,” and direct shoppers to locate an employee to assist them.
The Western media is a collection of liars in a propaganda ministry, and its so-called “Russian experts” are for the most part Russophobes operating on grants from the US military/security complex.
Consequently, Westerners have no valid understanding of the conflict in Ukraine, how it arose, and how the West’s involvement together with extraordinary provocations, has created in the Russian leadership the conviction that the goal of the West is to destroy Russia.
As this conviction hardens, the Russian leadership is abandoning hope of peaceful coexistence with the Western world and is preparing for war.
In his speech Putin begins the preparation of the Russian people for the hard reality. Putin doesn’t like the hard reality and did his best to avoid it by ignoring provocations and insults until it became impossible because, as Putin says, “the West has crossed every line.”
The West, of course, is Washington. The rest of the Western world reports to Washington as I learned from a US Assistant Secretary of Defense for International Security Affairs. “How,” I asked him, “do we get the other countries to do what we want?” “Money,” he replied. “You mean foreign aid?” “No, we give the leaders bagfuls of money. They report to us. We own them.”
Did you think there was something wrong with the 2020 election? If you do, did you say anything on Facebook about your doubts? You could be in big trouble with the FBI. According to a story in the New York Post, September 14, 2022, “Facebook has been spying on the private messages and data of American users and reporting them to the FBI if they express anti-government or anti-authority sentiments — or question the 2020 election — according to sources within the Department of Justice.
Under the FBI collaboration operation, somebody at Facebook red-flagged these supposedly subversive private messages over the past 19 months and transmitted them in redacted form to the domestic terrorism operational unit at FBI headquarters in Washington, DC, without a subpoena.
‘It was done outside the legal process and without probable cause,’ alleged one of the sources, who spoke on condition of anonymity.
‘Facebook provides the FBI with private conversations which are protected by the First Amendment without any subpoena.’
These private messages then have been farmed out as ‘leads’ to FBI field offices around the country, which subsequently requested subpoenas from the partner US Attorney’s Office in their district to officially obtain the private conversations that Facebook already had shown them.
‘It was a waste of our time,’ said one source familiar with subpoena requests lodged during a 19-month frenzy by FBI headquarters in Washington, DC, to produce the caseload to match the Biden administration’s rhetoric on domestic terrorism after the Jan. 6, 2021, Capitol riot.
European Commission chief Ursula von der Leyen confirmed the Nord Stream pipeline system leaks were caused by "sabotage," and warned of the "strongest possible response" should active European energy infrastructure be attacked.
Earlier, Danish Prime Minister Mette Frederiksen described the three separate leaks on NS1 and NS2 as "deliberate acts," adding: "It’s hard to imagine that it’s accidental."
On Monday, Swedish seismologists reported the detection of underwater explosions - shortly after which large patches of roiling gas could be seen on the surface in the same area.
As rumors swirl over who is responsible for the incident, one message it sent was clear - vital systems are vulnerable to attack.
"The most important message that somebody wants to send, is what one is capable of doing with an offline pipeline can also be done with active pipelines, or undersea cables, or other infrastructure," said Julian Pawlak, a researcher at the German Institute for Defense and Strategic Studies, in a statement to the NY Times.
In response, Denmark and Norway announced increased security around their energy infrastructure, and Norway, now Europe’s most important producer of gas and oil, called for “increased vigilance by all operators and vessel owners.” In a statement, Norway’s energy minister, Terje Aasland, cited “reports of increased drone activity” around its coast, and said that much of what he had learned of the Nord Stream incidents “indicates acts of sabotage.” -NY Times
A former Polish Defense Minister, Radek Sikorski, has attributed to the United States the sabotage of two pipelines, Nord Stream 1 and 2, which carry natural gas from Russia to Germany. “Thank you, USA,” Sikorski wrote on Twitter. Sikorski was Minister of National Defense from 2005 - 2007 and served as Deputy Minister of National Defense and Deputy Minister of Foreign Affairs, previously. He is currently an elected member of the European parliament.
Nord Stream 1 and 2 lie on the bed of the Baltic Sea. Nord Stream 2 was finished last year but Germany never opened it because Russia invaded Ukraine on February 24.
The notion that right-wing candidate Georgia Meloni’s victory in Italy represents a threat to Italian democracy or the return of fascism is “absolutely fake news,” according to the country’s leftist former Prime Minister Matteo Renzi.
Whoops, narrative fail.
Meloni’s center-right coalition swept to victory in Sunday’s elections, easily defeating her left-wing opposition.
This prompted a wave of hysterical media coverage, with numerous publications warning of the “return of fascism in Italy,” due to the far-right origins of Meloni’s Brothers of Italy party.
However, such concerns were dismissed by an unexpected figure, former leftist Prime Minister Matteo Renzi.
A group working for peaceful relations between the United States and China on Monday sent a letter to leaders of both countries imploring them to end or limit "dangerous and provocative military maneuvers" in the South China Sea and near Taiwan that could lead to all-out war.
Writing to U.S. President Joe Biden, Secretary of State Antony Blinken, Defense Secretary Lloyd Austin, and Chinese President Xi Jinping, Committee for a SANE U.S.-China Policy co-chairs Joseph Gerson and Michael Klare warned that "combative" U.S. and Chinese naval and aerial maneuvers "could result in the outbreak of accidental or unintended conflict with unforeseeable and possibly catastrophic consequences."
At a moment Washington continues what's essentially an endless arms and financial aid pipeline to Ukraine, and as some defense officials express concerns over the Pentagon's own dwindling stockpiles, one country says it's giving up on arming Kyiv.
New Zealand, which is one of the "Five Eyes" intelligence-sharing partners which includes the US, now says it can no longer keep up with supplying what Ukraine is asking for without depleting its stockpiles.
"The New Zealand government has expanded sanctions on key Russians, but cannot provide further military assistance as it has nothing Ukraine wants," The Canberra Times reports Tuesday.
Following the stunning election of conservative candidate Georgia Meloni to the office of Prime Minister in Italy, Meloni’s French counterpart has declared that the EU will be ‘vigilant’ against any ‘threat to human rights’ posed by the democratically elected leader.
France’s Prime Minister, Elisabeth Borne, stated during an interview that the EU intends to scrutinise the actions of the Italy’s first woman PM.
“In Europe, we have a set of values and, of course, we will be mindful that these values are respected by everyone when it comes to human rights and the right to abortion,” Borne proclaimed.
A Pennsylvania State Police SWAT officer stands by as Eric Frein arrives at the Pike County Courthouse for his arraignment in Milford, Penn., on Oct. 31, 2014. Frein, a suspected cop killer, was taken into custody from a Pennsylvania airport hangar after a seven-week manhunt. (Kena Betancur/Getty Images)
A pro-life advocate and father of seven will appear in federal court in Philadelphia on Sept. 27 to face charges that he violated the Freedom of Access to Clinic Entrances Act (FACE Act) outside a Pennsylvania abortion clinic nearly a year ago.
Mark Houck, a Catholic pro-life speaker and author from Kintnersville, Pennsylvania, is accused of twice physically assaulting a patient escort at a Planned Parenthood clinic during an altercation in October 2021.
On Sept. 23, a heavily armed Justice Department SWAT team arrested the 48-year-old Houck at his home at gunpoint, placing him in handcuffs while his terrified wife and children looked on.
Upon learning of Monday's decree signed by Vladimir Putin to grant Russian citizenship to ex-NSA employee Edward Snowden after having been given asylum since he arrived there in 2013, the US administration called on Snowden to return to American soil to "face justice".
"Mr. Snowden should return to the United States where he should face justice as any other American citizen would," State Department spokesman Ned Price said Monday.
But Price followed with a claim that's being disputed by Snowden's legal defense team. "Perhaps the only thing that has changed, is that as a result of his Russian citizenship, apparently now he may well be conscripted to fight in Russia's war in Ukraine," he said.
In response, Snowden's lawyer was quoted in Russia's Sputnik as saying since Snowden never served in the Russian army, he will not be impacted by the 'partial mobilization' - which applies to reservists, though there have been conflicting reports of instances of draft notices being sent out to Russian young men:
"He did not serve in the Russian army, therefore, according to our current legislation, he does not fall into this category of citizens, which is now called up. You know that now they are calling up reservists who have served and have the appropriate specialty. And then he will act according to the law, as everything is provided for in Russian legislation," Anatoly Kucherena, Snowden's laywer in Russia, said.
Webmaster addition: I am sure that Russia and Snowden know he is much more useful doing something else rather than carrying a rifle in the Donbass.
Authored by Bill Pan via The Epoch Times (emphasis ours),
The U.S. Air Force Academy has defended its teaching cadets to avoid “gender-specific terms” such as “mom” or “dad,” saying that “inclusive language” is important to its mission of training leaders capable of winning wars.
The Colorado Springs-based military school recently met with criticism over a slide that instructs cadets to replace gender-specific terms with gender-neutral ones. For example, “partner” is considered a better alternative to “boyfriend” or “girlfriend.” Terms like “parents,” “caregivers,” and “guardians” are preferable to “mom” or “dad.”
Authored by Charlotte Cuthbertson via The Epoch Times (emphasis ours),
A 24-year-old Arizona woman was arrested and charged with crimes related to a human smuggling enterprise on Sept. 23, according to the El Mirage Police Department (EMPD).
Over a six-month period at least, the woman, Tania Estudillo Hernandez, had allegedly held and/or processed 80 to 100 illegal aliens per month at a residence in El Mirage, the police department stated in a Facebook post.
The illegal aliens were charged as much as $15,000 each in smuggling fees, police said. At $15,000 a person, for 80 people per month over six months, that’s a total of $7.2 million.
Police said the department received a report of a person being held for ransom at the El Mirage address on the morning of Sept. 23.
“The complainant stated in the residence there were multiple people kidnapped, including her husband,” the EMPD stated.
Beto O’Rourke has blamed Joe Biden’s actions during the 2020 election as playing a part in Latino voters’ rightward political shift in recent years.
“Candidate Biden didn’t spend a dime or a day in the Rio Grande Valley—or really anywhere in Texas, for that matter—once we got down in the homestretch of the general election,” O’Rourke said at the Texas Tribune Festival on Sept. 24.
“You got to be locking eyeballs with the people that you want to fight for and serve and whose votes that you want to win.”
The rightward shift of Hispanic and Latino voters made headlines in the 2020 election.
Trump saw more support from Latino voters in 2020 than in 2016. According to Pew Research, Trump moved from 28 percent to 38 percent approval among Hispanic voters, a gain of 10 percent. Biden, meanwhile, earned 59 percent of the Hispanic voters, down from 62 percent Democratic nominee Hillary Clinton received in her 2016 election.
Color us surprised to see a "woke" workplace like Apple being sued for discrimination, but that's exactly what's happening in one case where the popular iPhone manufacturer is being accused of age bias.
Apple is being sued by an employee who claims he wasn't awarded restricted stock like others in his position were because of his age.
And the kicker? The suit claims that Apple admitted the employee didn't get the stock because it was specifically “designed as an investment in the future” and that the employee's supervisor made an "age based assumption" that the employee would be retiring soon.
So apparently the idea of EVs providing a problem-free and pollution-free utopia where everybody lives in total harmony and there are no problems isn't quite the reality of the situation.
The reality in California, as the Wall Street Journal wrote about this week, is actually that EV charging is putting stress onto an aging grid and forcing the state to think about ways to generate more power.
The state's plan to end gas powered vehicles by 2035 means that power needs in the state are going to increase. Meanwhile, as California's grid has already been stressed this year, the state has been asking citizens to be mindful of when they charge their EVs - and even when they use their major appliances.