Saturday, July 16, 2022
LOL, on Tuesday July 12th Joe Biden told the president of Mexico in a meeting that America has the fastest growing economy in the world
Biden, once López Obrador finished, reminded him that America's economy is the fastest growing in the world, while showing no umbrage and restating his respect for Mexico and its leader.
More.
Joe Biden's own US Bureau of Economic Analysis, June 29th, said GDP fell at an annual rate of 1.6% in 1Q2022:
Deaths per day from COVID-19 in the United States July 1-15, 2022: 383
June 2022: 363
May 2022: 373
Apr 2022: 426
Mar 2022: 980
Feb 2022: 2,247
Jan 2022: 1,987
Friday, July 15, 2022
CNBC story blames capitalism's law of supply and demand for inflation: 92 million millennials caused it, not Federal Reserve interference with interest rates and mortgages
... too many people with too much money chasing too few goods ... millennials are still making up the largest chunk of the homebuyer market by generation ...
More.
Meanwhile, this housing bubble dwarfs the last one, and we're supposed to blame millennials for it.
Sounds like a repeat of the excuse for the last one: greedy Baby Boomers.
Just forget about Zero Interest Rate Policy artificially driving down borrowing costs for over a decade, and forget about the crappy low-yielding $2.7 trillion in MBS still on the Fed Balance Sheet nobody wants, because millennials are to blame!
The chutzpah.
Thursday, July 14, 2022
Who ya gonna believe: Law & Order: SVU, or Ann Coulter?
Ann Coulter, December 14, 2019, here:
. . . according to “Law & Order: SVU,” the main demographic with a sexual fetish for pre-pubescent Hispanic girls is: handsome, married American white men. ... Reviewing my years of research on child sex crimes, I see that this has happened NEVER. It’s kind of the opposite. I ended up with so many immigrant child rape cases for “Adios, America!” that most of them had to be left on the cutting room floor — or the book would have been twice as long. ... But for William Edward Ronca, there would not be a single confirmed case of a white man in the Western Hemisphere impregnating a girl 10 years old or younger.
A report from the Inter-American Children’s Institute explained that Latin America is second only to Asia in the sexual exploitation of women and children because sex abuse is “ingrained into the minds of the people." ... Incest and child rape are not native American habits. Nor is child rape common in Spain. This isn’t genetic. Bestial behavior toward women and children is a hallmark of primitive, peasant cultures — the cultures we are importing by the million. The hallmark of civilized cultures is to arrest and imprison child rapists. But the brain-dead writers of “Law & Order: SVU” invent little stories to demoralize the defenders of civilization, so we can let the incest and child rape flow!
Illegal alien arrested in rape of 10-year old in Ohio: Perverse newspaper calls him "Columbus Man"
A Columbus man has been charged with impregnating a 10-year-old Ohio girl, whose travel to Indiana to seek an abortion led to international attention following the Supreme Court's decision to overturn Roe v Wade and activation of Ohio's abortion law.
Gerson
Fuentes, 27, whose last known address was an apartment on Columbus'
Northwest Side, was arrested Tuesday after police say he confessed to
raping the child on at least two occasions. He's since been charged with
rape, a felony of the first degree in Ohio. ... believed to be undocumented ...
On Wednesday, once news of the arraignment of the Columbus man accused in the child's rape came, Yost issued a single sentence statement:
"We rejoice anytime a child rapist is taken off the streets." ...
Assistant Franklin County Prosecutor Dan Meyer requested Fuentes be held without bond. He said Fuentes is not believed to be in the country legally...
... the Franklin County Public Defender’s office, said it was unconstitutional to hold Fuentes without bond, especially with DNA confirmation of the pregnancy’s father still pending. He said Fuentes had lived in Columbus for the last seven years and had a steady job at a café.
More.
This perverse newspaper has plenty of data about abortions in Ohio in children 15 or younger for 2016-2020, averaging 61 per year, but NOTHING about where the perps come from and how many child sex crimes they commit, except for little old "Columbus Man".
Meanwhile in North Carolina, the absolute SCOURGE of child rape by illegal aliens is so bad there's a LIST detailing HUNDREDS of illegal alien perps charged with THOUSANDS of child sex crimes going back all the way to 2009.
But our perverse media want this to be about children's need for abortions.
Sickos, all of 'em.
Ann Coulter has been right about this since 2015:
There’s a cultural acceptance of child rape in Latino culture that doesn’t exist in even the most dysfunctional American ghettos. When it comes to child rape, the whole family gets involved. ...
Far from “I am woman, hear me roar,” these are cultures where women help the men rape kids. ...
In some immigrant enclaves, the police have simply given up on pursuing statutory rape cases with Hispanic victims. They say that after being notified by hospital administrators that a 12-year-old has given birth and the father is in his 30s, they’ll show up at the girl’s house — and be greeted by her parents calling the pregnancy a “blessing.”
And yet, in the entire American media, there have been more stories about a rape by Duke lacrosse players that didn’t happen than about the slew of child rapes by Hispanics that did because Democrats want the votes and businesses want the cheap labor. No wonder they hate Trump.
Wednesday, July 13, 2022
LOL, Bitcoin mining operations in Texas threaten power limits, perverse grid operator blames coal and natural gas plants for being offline when overreliance on wind in summer is to blame
From the story here:
ERCOT blamed forced outages at coal- and natural gas-fed power plants, and low wind power generation. A spokesperson declined to provide details on the number or type of generating plants that were offline and prompted conservation measures. ... As on Monday, it avoided forced cuts when big power consumers agreed to halt operations. Lee Bratcher, president of Texas Blockchain Council, said all of the state's large-scale Bitcoin mining operations, which consume about 1,000 megawatts, are currently offline because of ERCOT's call for conservation and high power prices.
Actual Brexiteer wins first round after Boris Johnson resignation
Former British finance minister Rishi Sunak won the most votes in the first round of voting to succeed Boris Johnson as leader of the Conservative Party and prime minister, as two candidates were eliminated.
Sunak scored 88 votes, ahead of Mordaunt on 67 and Truss on 50. Finance minister Nadhim Zahawi and former cabinet minister Jeremy Hunt were eliminated.
Reported here.
LOL Drudge, a one per cent Fed Funds rate hike from here would take it from 1.58 to 1.5958, silly
A 100 basis point rise, as in the story, would take it to 2.58, an increase of 63%, which is the draconian kind of thing Cathie Wood likes to dramatize.
But no one understands draconian. In a world of superlatives where everything is awesome, the smallest changes are blown all out of proportion.
Draconian would be raising the rate at least to the level of inflation, now 9.1% year over year (not seasonally adjusted).
Actual draconian is necessary.
But these are not serious people. None of them.
The free-trade, open borders, pro-China Michigan Chamber of Commerce endorses Republicans Meijer, Moolenaar, and Huizenga, among others
In Michigan, your choices come down to progressive lunatics who think men can become pregnant, or libertarian lunatics who piss down your back and tell you it's rainin'.
When both Donald Trump and Joe Biden are joined at the hip to Saudi Arabia's money and oil, you know everything is wrong
Later this month, Trump National Golf Club Bedminster in New Jersey hosts
its first tournament for the new LIV Golf series, funded by Saudi
Arabia, which is upending the sport’s establishment with a $2 billion investment and contracts with top players that reportedly reach $150 million or more. ...
The huge Saudi sums could not only benefit Trump financially as he
mulls a comeback bid in 2024, but they also pose a mortal threat to the
PGA Tour, which reacted to LIV Golf by suspending players from competing
in its tournaments — a move that landed the tour in the crosshairs of a
federal antitrust investigation, The Wall Street Journal reported Monday. ...
Meanwhile, the survivors and families of the Sept. 11, 2001, terrorist attacks have lined up against LIV Golf and protested its
first U.S. event last month in Oregon because of Saudi Arabia’s
involvement and the kingdom’s multiple connections to the hijackers. ...
Trump’s decision to tee off with LIV highlights his close ties to Saudi Arabia; he made his first foreign visit there as president, and its wealth fund injected $2 billion into his son-in-law’s company last year.
More.
Meanwhile, Biden is headed to Saudi Arabia, hat in hand, asking for more oil, which he could easily get here but for his idiotic war on carbon.
Biden heads to Saudi Arabia for what could be an ‘embarrassing’ climbdown — or a welcome reset
While campaigning in 2019, Biden vowed to treat the Saudi kingdom as
“the pariah that they are,” and as president, he vocally criticized the
country’s human rights abuses. He also insisted on viewing Saudi
Arabia’s King Salman as his counterpart, rather than the 36-year-old
crown prince, who runs the kingdom’s day-to-day affairs.
Crown Prince Mohammed in March reportedly refused to take a call from Biden, as the U.S. leader pleaded with Gulf states to increase oil production after banning Russian oil imports.
And in an early March interview with The Atlantic, when asked if he thought Biden misunderstood him, the crown prince replied: “Simply, I do not care. It’s up to him to think about the interests of America.”
AMWAY's Steve Van Andel said the highlight of his entire career was China: He and AMWAY got rich as Croesus from the giant sucking sound of your jobs leaving America
Career highlight: China
When asked to share a highlight of his career, Van Andel talked of traveling with his dad to China in the early 1970s when he was in his teens.
They spent time walking around Shanghai and Beijing so the elder Van Andel could observe people.
He remembers his dad telling him he was curious about where the Amway business could go in the future.
"I'll never forget being with him and talking with him about it and then 20 years later, I remember cutting the ribbon and opening up China," Van Andel said.
China is now Amway's biggest market, generating more than one-third of its sales.
US manufacturing jobs went straight south after China joined the World Trade Organization in 2001, a development cheered by US Chamber of Commerce chairman Steve Van Andel of Michigan's AMWAY in the Chicom China Daily, US Independence Day 2001
US Chamber Backs China's WTO Entry
:
Steve Van Andel, the newly elected chairman of the US Chamber of Commerce, said on Monday that he was looking forward to China joining the World Trade Organization (WTO) sometime before the end of this year. He said this will pave the way for permanent normal trade relations between China and the United States.
"For US business, one of the best things that can happen to help confidence in the Chinese market is China becoming part of the WTO," Andel said in an interview with China Daily.
His remarks come at a time that China is hoping to enter the world trade body. The country hopes to join before a WTO ministerial meeting in Qatar between November 9 and 13.
China has concluded separate agreements with the United States and the European Union, the world's two top trading powers, in the last few weeks, promoting its WTO membership.
Although the US Congress last year voted for Permanent Normal Trade Relations (PNTR) between China and the United States, it still reviews its trade policy towards China every year until the country actually becomes part of the WTO.
"The chamber is already actively supporting normal trade relations with China again." Andel said.
The chamber, the world's largest commerce association representing 3 million US companies and 3,000 state and local chambers, has been committed to lobbying the US Congress to normalize trade relations with China.
He said he would go back to Congress soon after his visit to China to lobby for normal trade relations with China again.
A normal trade relation between China -- potentially the world's largest market with 1.3 billion consumers -- and the United States is very important to businesses in both countries, he said.
Last year, the trade volume between the two nations amounted to US$74.5 billion.
He said China's WTO entry would certainly benefit "not only better relations, but also more trade between the two markets.''
Andel said he would carry the same message during his talks with the Chinese leaders and government officials, including President Jiang Zemin over the next couple of days.
Andel will lead a US business delegation to China in September to attend a meeting organized by China's Ministry of Foreign Trade and Economic Cooperation.
"I will also next year travel around the United States again, probably to 50 to 60 different local chambers talking about the importance of trade with China to US and Chinese businesses,'' he said.
Andel, chairman of US-based Amway, the global consumer goods giant, said China's WTO accession and normal trade relations between China and United States were expected to boost his company's business in China.
Amway, which has invested more than US$100 million in China, aims to increase its business in the country to 10 percent of its global turnover in a few years from the current level of 5 percent.
(Chinadaily.com.cn 07/04/2001)
Tuesday, July 12, 2022
On the ceaseless labor of the lying Democrats against Donald Trump
There can be no greater labour, than to be always dissembling; there being so many ways by which a smothered truth is apt to blaze, and break out.
-- Robert South
Remembering Michael Moore on Donald Trump, the human Molotov cocktail who blew up in our hands
Moore: "On November 8, you Joe Blow, Steve Blow, Bob Blow, Billy Blow, all the Blows get to go and blow up the whole goddamn system because it's your right! Trump's election is going to be the biggest 'fuck you' ever recorded in human history. And it will feel good."
-- Michael Moore: A Trump Victory Would Be "The Biggest 'F**k You' Recorded In Human History", Real Clear Politics, October 26, 2016, here
YouTube deleted the account with the Moore audio linked to at Real Clear Politics, but you can still find Moore's same perceptive take on Election 2016 here:
Elon Musk expresses uncommon good sense about Donald Trump
Writing on Twitter, where Musk has more than 100 million followers, the celebrity CEO said: “I don’t hate the man, but it’s time for Trump to hang up his hat & sail into the sunset. Dems should also call off the attack – don’t make it so that Trump’s only way to survive is to regain the Presidency.”
CNBC, here.
Monday, July 11, 2022
LOL Reuters, 11 years ago: "Texas has the most wind power in the country, but the wind does not blow during the summer"
Texas has the most wind power in the country, but the wind does not blow during the summer. Ercot said it got about 2,000 MW from wind during the peak hour on Wednesday. Those wind farms can produce about 9,000 MW when all turbines are spinning.
Reuters, here.
Wind generating capacity in Texas today is in the neighborhood of 35,000 megawatts, but only about 7,770 megawatts of that would be available under similar summer circumstances, with much less coal generating capacity available today than in 2011 to fill the breach:
Because of the increase in wind power and the retirement of almost 6,000 megawatts of coal-fired generating capacity, coal-fired power plants supplied 18% of state generation in 2021, down from a 36% share in 2011.
And as a result Texas now gets to listen to this:
Texans face rolling blackouts because "wind generation is currently generating significantly less than what it historically generated in this time period"
Actually, it's because Texas retired reliable sources of electricity from coal and natural gas for unreliable "green energy".
The New York Times as usual just leaves that part out, here:
The regulator forecast demand in Texas to peak at 79,671 megawatts, just short of the 80,168 megawatts that will be available.
That's a forecast margin of just 497 megawatts.
Texas has retired 6,453 megawatts of coal generation capacity since 2017 and added 3,945 megawatts of wind generation capacity.
In addition Texas has retired 2,316 megawatts of natural gas generation capacity since 2008 and added 3,425 megawatts of solar generation capacity since 2010.
Not only is Texas short a net 1,399 megawatts of generation capacity over the period, if the wind doesn't blow it's potentially short another 3,945 megawatts, and another 3,425 megawatts if the sun don't shine.
Way to go, Brownie.
Fire threatens California sequoias because Governors Moonbeam and Gavin Newsom didn't bother to clean up the fuel on the ground since 2013
The blaze in Yosemite National Park was
measured at 2,044 acres by evening. It had no containment, and it was
likely to continue to grow amid light winds and hot conditions, U.S.
Forest Service officials said Sunday. ...
The summer temperatures were abetted by abundant fuel, officials said. Garrett Dickman, a Yosemite National Park biologist, explained the problem in simple terms: “There’s a lot of wood on the ground, and that wood is going up in smoke.”
Wood on the ground includes dead trees and branches from a 2013-15 die-off.
More.
Sunday, July 10, 2022
LOL Ford Mustang Mach-E
There may still be a chance that the high voltage battery contactors could overheat, which could lead to a "Service vehicle soon" warning.
More.
Saturday, July 9, 2022
The Milwaukee Journal Sentinel just lies right out of the box about "longstanding" use of ballot drop boxes in Wisconsin
Isn't that what Election 2020 was all about? Lying? Lying absentee ballots and the lying voters who cast them? And lying media?
It used to be a good newspaper, but those days are long over:
The
4-3 ruling, coming four weeks before statewide primaries Aug. 9, is a
win for Republicans who now oppose the longstanding use of ballot drop
boxes after their use proliferated during the coronavirus pandemic and
was heavily criticized by former President Donald Trump, who alleged
with no evidence that absentee voting was rife with fraud and led to
his reelection loss in 2020.
Here.
The Wisconsin Supreme Court found that there was no evidence of longstanding use, presented by the Wisconsin Election Commission, or otherwise:
¶65 The record evidence WEC cited does not support its argument that ballot drop boxes have been in common and longstanding use in this state.
Read the whole thing here.
Friday, July 8, 2022
The Chicoms can hardly contain their joy over the assassination of Shinzo Abe
After Abe died, a post saying “Let the celebrations begin!” got more than 150,000 likes within 30 minutes. ... Abe angered the Chinese government and especially the more nationalist segment of the ruling party both while he was in office and after he stepped down, especially for pushing Japan to increase defense spending and revise the pacifist article in its constitution.
More.
Abenomics is literally dead
Former PM Shinzo Abe was shot and killed in Japan, where handguns are banned.
Thursday, July 7, 2022
Famous last words: Recession "not expected"
- The economy is expected to have added 250,000 jobs in June, a strong number though lower than the 390,000 in May, according to economists surveyed by Dow Jones.
Boris Johnson done-in by testicles not his own
Johnson
was ultimately undone by his response to fallout from the resignation
last Thursday of deputy chief whip Chris Pincher, amid allegations
Pincher had groped two guests at a private dinner the night before.
While he did not admit the allegations directly, Pincher said in a
letter to Johnson last week that "last night I drank far too much" and
"embarrassed myself and other people." Other historical allegations of
misconduct by Pincher emerged in the ensuing days.
Johnson
initially denied being aware of some of those allegations, but
ultimately the Prime Minister was forced to admit he had been briefed
years before and apologize for his decision-making.
It
was the final straw for many political allies who had supported Johnson
through crisis after crisis over the years. In recent months the Prime
Minister had been facing a barrage of criticism from all sides over his
conduct and that of his government, including illegal, lockdown-breaking
parties thrown in his Downing Street offices, for which he and others
were fined.
More.
Wednesday, July 6, 2022
This is as good a day as any to remember that Ben Bernanke's Fed under Obama bailed out the banksters and hung 6.5 million homeowners out to dry
Bloomberg, August 21, 2011, here:
Fed
Chairman Ben S. Bernanke’s unprecedented effort to keep the economy
from plunging into depression included lending banks and other companies
as much as $1.2 trillion of public money, about the same amount U.S.
homeowners currently owe on 6.5 million delinquent and foreclosed
mortgages. The largest borrower, Morgan Stanley, got as much as $107.3
billion, while Citigroup took $99.5 billion and Bank of America $91.4
billion, according to a Bloomberg News compilation of data obtained
through Freedom of Information Act requests, months of litigation and an
act of Congress. ...
Homeowners
are more than 30 days past due on their mortgage payments on 4.38
million properties in the U.S., and 2.16 million more properties are in
foreclosure, representing a combined $1.27 trillion of unpaid principal,
estimates Jacksonville, Florida-based Lender Processing Services Inc. ...
Congress required the disclosure after the Fed rejected requests in 2008
from the late Bloomberg News reporter Mark Pittman and other media
companies that sought details of its loans under the Freedom of
Information Act. After fighting to keep the data secret, the central
bank released unprecedented information about its discount window and
other programs under court order in March 2011.
Legalize mental and mental will trickle down
Illinois Governor J.B. Pritzker signed a bill into law in June 2019 legalizing the recreational use of cannabis by adults, including retail sales beginning on Jan. 1, 2020. The following article covers Illinois' current cannabis laws with summaries of provisions under these laws.
More.
Tuesday, July 5, 2022
Damn fool Biden administration releases crude oil from the Strategic Petroleum Reserve to reduce fuel prices, 5 million barrels get exported abroad last month, including to China
More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month . . ..
Inflation hits new record in Europe, Reuters begins to tell the truth about why
But they save it for the last paragraph, which probably no one reads.
At minus 0.5%, the ECB's deposit rate has been in negative territory since 2014.
The contemplated interest rate hikes are laughably small, and laughably timed for later.
"The house is on fire and we'll get around to sending out a crew next week".
Monday, July 4, 2022
All it took was Russia invading Ukraine for countries to junk the Paris climate agreement and begin a desperate frenzy for coal
Coal Makes Comeback as World Thirsts for Energy...
Countries
are rejiggering distribution channels to obtain more coal from other
big suppliers such as Australia and the U.S., but that takes time and
money, said Gerben Hieminga, senior energy-sector economist for Dutch
bank ING Groep.
“The whole world is doing this,” Mr. Hieminga said.
Saturday, July 2, 2022
Climate Update for KGRR: 2Q2022
Climate Update for KGRR: 2Q2022
Spring was just 1.2% warmer than the mean by average temperature, on the strength of slightly higher highs and higher lows, and only 3% wetter than usual.
Average Temperature: 58.1
Mean Average Temperature: 57.4
Rain: 10.68
Mean Rain: 10.37
Snow (official season end +6.6%): 71
Mean: 66.6
Heating Degree Days (official season end -6.2%): 6282
Mean: 6694
Cooling Degree Days through June: 250
Mean: 184
Maximum temperatures vs. mean in 2Q
Apr: 82/79
May: 87/86
Jun: 95/91
Minimum temperatures vs. mean in 2Q
Apr: 23/22
May: 36/32
Jun: 45/43
US COVID-19: The Big Picture through June 2022
Deaths per day in 2022 through June are now down to 1,050 as June has flatlined relative to May with 363 deaths per day vs. 373.
But contrast those admittedly welcome figures with influenza deaths per day 2010-2020 at about 93 on average and even at this much improved level COVID deaths are still ~4x higher.
Trying to learn anything from the case data is increasingly difficult due to increased self-testing at home, but it looks clear that cases are up again as Omicron sub variants mutate to be more spreadable.
Total cases monthly in 2022:
Jan 20.3 million
Feb 3.95m
Mar 1.07m
Apr 1.25m
May 2.89m
Jun 3.33m.
It makes sense that deaths are at their lowest in 2022 in May and June with cases at their lowest in March and April since deaths are a lagging indicator. The case increases in May and June portend higher death figures come July and August.
We averaged 1.68 million cases monthly in 2020, and 2.88 million monthly in 2021. Monthly cases in 1H2022 average 5.46 million.
US COVID-19 deaths per day in 2022 through June
June 2022: 363
May 2022: 373
Apr 2022: 426
Mar 2022: 980
Feb 2022: 2,247
Jan 2022: 1,987
Friday, July 1, 2022
A "political" Supreme Court which is "balanced" is wishy washy precisely because it is a function of an Executive branch hamstrung by the 22nd Amendment
This never occurs to Hugo for some reason.
A Court system which depends on the transient figure of the president for its existence can hardly be anything but political. That's where the fetish for political balance on the Court comes from. It is simply an extension of the overweening impulse to limit the Executive power. And it's not a coincidence that the loudest voices for it come from the Legislative. It's an expression of their tyranny over everything.
Of course the Supreme Court is a political institution.
It is appointed by an elected president, and confirmed by an elected Senate. But it is the two term limit which sharpens its tip, raising the stakes over every appointment.
The Court has become more political precisely because the political power of the Executive which appoints it has been limited. It's how the wronged Executive manages to live on, long after he has been forced from the scene. He routinely runs for office partly on the promise to partisans that he will make the right appointments to the bench.
If the Framers had intended the Executive to be hamstrung in this way while the other two branches were not, they would have said so.
The people have the right to elect whomever to the presidency as often as they wish, just as they have the right to return Nancy Pelosi to the US House year after year. They also have the right to get rid of the bum if they don't like his appointments. Anything less gives too much power to the likes of Nancy Pelosi, and to the judges he leaves behind.
The way to improve constancy of meaning on the Court and consistency in the rule of law is to improve both in the Executive.
We aren't going to be saved by a Court which has temporarily recovered its senses. They could just as well lose them again. And they'll also still be there, long after the president who appointed them is gone.
Who checks the Court?
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