Friday, June 9, 2023
Thursday, June 8, 2023
The Supremes still don't have the courage to void the tyrannical, unequal, racist, Northern neo-reconstructionism of the 1965 Voting Rights Act in the American South
The Supremes are not colorblind and are as reprehensible in this as any college or business using racial quotas to exclude whites and Asians in favor of less qualified people of color, and they know it.
American liberalism is nothing if not hypocritical.
Chief Justice John Roberts and Justice Brett Kavanaugh, both conservatives, joined the court's three liberals in the majority.
In doing so, the court — which has a 6-3 conservative majority — turned away the state’s effort to make it harder to remedy concerns raised by civil rights advocates that the power of Black voters in states like Alabama is being diluted by dividing voters into districts where white voters dominate.
In Thursday’s ruling, Roberts, writing for the majority, said a lower court had correctly concluded that the congressional map violated the voting rights law.
He wrote that there are genuine fears that the Voting Rights Act “may impermissibly elevate race in the allocation of political power” and that the Alabama ruling “does not diminish or disregard those concerns."
The court instead “simply holds that a faithful application of our precedents and a fair reading of the record before us do not bear them out here,” Roberts added.
As such, the court left open future challenges to the law, with Kavanaugh writing in a separate opinion that his vote did not rule out challenges to Section 2 based on whether there is a time at which the 1965 law's authorization of the consideration of race in redistricting is no longer justified.
More.
Wednesday, June 7, 2023
Gold remains far more overvalued than US stocks, which is saying a lot
Gold is at least 167% overvalued relative to inflation since 1913. $600ish gold makes sense. $1600 gold does not, let alone $2067, the 2020 high.
Meanwhile stocks are off-the-charts overvalued, about 93% relative to the post-Great Depression median valuation of 81 through 2019, as of the latest GDP figures from late May.
Speculation in both gold and stocks, not to mention a host of other things, has been driven by Federal Reserve interest rate suppression since 2001.
How long elevated gold and stock prices can persist in the new higher interest rate environment is anyone's guess.
The Fed Funds rate still averaged a low 1.69% in 2022, so it's still early innings.
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May 25, 2023 |
Young Americans are too ignorant to blame the correct government entity for housing unaffordability for some reason
. . . young Americans condemn their municipal and state governments for the current housing affordability problem.
More.
Tuesday, June 6, 2023
Quest for money overwhelms hypocritical PGA Tour as it merges with Saudi LIV Golf
As usual that lyin' blue scumbelly Donald Trump is at the heart of this:
The agreement — the second stunning sports deal in just months, following World Wrestling Entertainment’s merger with Endeavor Group’s UFC — will
require the approval of the PGA Tour policy board, Commissioner Jay
Monahan said in a memo to players that was obtained by CNBC. ...
Family members of those who perished in the Sept. 11, 2001, terrorist attacks have protested the league, including outside of events. Fifteen of the 19 hijackers on Sept. 11 were from Saudi Arabia, and Osama Bin Laden, the mastermind behind the attacks, was born in the country. It has been concluded by U.S. officials that Saudi nationals helped fund the terrorist group al-Qaeda, although investigations didn’t find that the Saudi officials were complicit in the attacks.
The group 9/11 Families United said they were “shocked and deeply offended” by the merger in a statement on Tuesday.
“Mr. Monahan talked last summer about knowing people who lost loved ones on 9/11, then wondered aloud on national television whether LIV Golfers ever had to apologize for being a member of the PGA Tour. They do now – as does he,” said 9/11 Families United Chair Terry Strada, whose husband Tom died in the World Trade Center’s North Tower. “PGA Tour leaders should be ashamed of their hypocrisy and greed. Our entire 9/11 community has been betrayed by Commissioner Monahan and the PGA as it appears their concern for our loved ones was merely window-dressing in their quest for money – it was never to honor the great game of golf.” ...
Former President Donald Trump, who has hosted a number of LIV Golf events at his golf courses, has defended those events, falsely claiming that “nobody’s gotten to the bottom of 9/11.” Last year, Trump also said on Truth Social that a merger between LIV and The PGA Tour was inevitable.
On Tuesday, Trump weighed in on the merger on his Truth Social platform: “Great news from LIV Golf. A big, beautiful, and glamorous deal for the wonderful world of golf. Congrats to all!!!”
More.
Monday, June 5, 2023
College dropout F. Chuck Todd calls it quits at Meet The Depressed while he's still ahead
Proving yet once again that you don't need a college degree to rise to the level of your incompetence in this great country of ours.
The left's campaign to make sure Trump is the GOP candidate gets more incoherent by the day
Days ago we were told Ron DeSantis is too dumb to run his own messaging and had to rely on his wife.
Now his wife is a Walmart deplorable.
I'd say they've lost their minds but they never had any to lose.
Sunday, June 4, 2023
Saturday, June 3, 2023
Friday, June 2, 2023
Full time employment in May 2023 was a solid 50.47% of civilian population, similar to 2019 levels: Recession delayed
The measure averaged 49.7% in 1Q2023, but climbed in April to 50.2% and to 50.4% now.
Full time usually peaks in the summer.
Debt ceiling compromise clears the US Senate 63-36, Republican Senators extract pledge from Chucky Schumer for more defense spending which amounts to a pig in a poke so 31 vote against it anyway
Hello, all spending bills must originate in the House.
Some Senate Republicans are pretending you don't know that.
What a joke.
CNBC:
Majority Leader Chuck Schumer spent much of the day Thursday hammering out an agreement with a group of Senate Republicans who demanded that he pledge to support a supplemental defense funding bill before they would agree to fast-track the debt ceiling bill.
The current House debt ceiling bill provided $886 billion in defense spending for fiscal year 2024, an increase of 3% year over year. That figure rose to $895 billion in 2025, an increase of 1%.
But GOP Sen. Susan Collins of Maine called this “woefully inadequate” Thursday, arguing that a 1% increase did not keep pace with inflation, so in practical terms, it was actually a decrease in military funding. The solution came in the form of a rare joint statement from Schumer and Senate Minority Leader Mitch McConnell, R-Ky., which was read on the floor.
“This debt ceiling deal does nothing to limit the Senate’s ability to appropriate emergency supplemental funds to ensure our military capabilities are sufficient to deter China, Russia and our other adversaries and respond to ongoing and growing national security threats,” Schumer read. “Nor does this debt ceiling limit the Senate’s ability to appropriate emergency supplemental funds and respond to various national issues, such as disaster relief, combating the fentanyl crisis or other issues of national importance,” said Schumer.
The normally slow-moving chamber raced through a dozen votes in just over three hours. ...
A total of 31 Republicans voted against the measure ...
Just four Democrats voted against the measure: Sens. John Fetterman (Pa.), Ed Markey (Mass.), Jeff Merkley (Ore.), Elizabeth Warren (Mass.), along with Bernie Sanders (I-Vt.). ...
The legislation would provide $886 billion for defense, which negotiators described as a 3 percent increase, and $637 billion for non-defense programs, according to a White House summary. ...
Senate Republican Whip John Thune (S.D.) said McCarthy didn’t sign
off on the agreement between Senate leaders and defense-minded GOP
senators. ...
Asked how confident he is about a defense supplemental spending bill passing later in the year, Thune said, “hard to say.”
“It was important for some of our members have folks on the record acknowledging there clearly could be a need, will be a need for our national security interests,” he said.