Ahead of another government funding deadline November 17th, Moody's lowers its US government ratings outlook

 

Moody’s Investors Service on Friday lowered its ratings outlook on the United States’ government to negative from stable, pointing to rising risks to the nation’s fiscal strength.

More.

The pro-Hamas side is anti-white

 

Meanwhile:

Five bank failures in 2023 to date costing the DIF $35.569 billion

 11-3-23 Citizens Bank of Iowa: cost to the Deposit Insurance Fund is $14.8 million

7-28-23 Heartland Tri-State Bank of Kansas: cost to the DIF is $54.2 million

5-1-23 First Republic Bank of California: cost to the DIF is $13.0 billion

3-12-23 Signature Bank of New York: cost to the DIF is $2.5 billion

3-10-23 Silicon Valley Bank of California: cost to the DIF is $20.0 billion

The poor dears: Survey of millionaires says a third feel only middle class

 

Same as it ever was.

 

 

 

 

 

 

From the story:

Even among millionaires, only 8% would characterize themselves as wealthy these days.

Roughly 60% of investors with $1 million or more of investable assets said they are more likely upper middle class, according to a recent Ameriprise Financial survey of more than 3,000 adults.

To that point, 31% consider themselves decidedly middle class.

Joe Manchin won't seek re-election to the US Senate from West Virginia in 2024

 From the story here:

Manchin’s commitment to staying active in politics, meanwhile, fuels further speculation that he could be considering a presidential run.

“Nothing is off the table,” a source with direct knowledge of Manchin’s plans told NBC News when asked if Manchin is considering a White House bid.

It's officially a moderate El Niño

 It's officially a moderate El Niño with five consecutive overlapping 3-month measuring periods averaging between +1.0 to +1.4, now averaging +1.04 after the fifth measurement in August-September-October.

It began with the April-May-June measuring period.

Democrat Rashida Tlaib (MI-12) censured for anti-semitism in bi-partisan House vote 234-188

From NBC News, here:

 

WASHINGTON — House lawmakers on Tuesday censured Rep. Rashida Tlaib, the sole Palestinian American in Congress, over her remarks and actions in response to the Israel-Hamas war.

The censure resolution, authored by Rep. Rich McCormick, R-Ga., passed 234 to 188, with 22 Democrats voting for it and four Republicans opposing the measure. A censure vote only requires a simple majority to pass.

The resolution censures Tlaib, D-Mich., for “promoting false narratives regarding the October 7, 2023, Hamas attack on Israel and for calling for the destruction of the state of Israel.”

"It is a sad fact, but this type of antisemitic hate is being promoted by a small group of members in this body, chiefly Rep. Tlaib," McCormick said on the House floor before the vote. "We must hold her accountable."

WeWork, which once pretended to be worth $47 billion, files for bankruptcy protection

 From the story here:

WeWork has struggled in a commercial real estate market that has been rocked by the rising cost of borrowing money, as well as a shifting dynamic for millions of office workers now checking into their offices remotely.

 

Former Democrat and Leftist: DeSantis should have waited until 2028

 Sasha Stone, here, who is all about the charisma but still can't spell Der Führer. 

 

 

I don't recall a single public figure in America warning Trump's long-planned January 6th DC rally was a provocation, which is what it was

 

Ed Morrissey: If they weren’t legit, the police would have said that explicitly rather than issue a bunch of diversionary statements

Nashville Trans Shooter Manifesto Leaked?

Ed Morrissey, HotAir

The Roman emperors used bread and circuses to distract the masses

 Ours use sports, gambling, and drugs.

Marijuana use raises risk of heart attack, heart failure and stroke, studies say

Joel Kotkin: The capitalist elite undermines our economic security

 He means libertarians.

Here:

Free-market dogmatists have played a part in the deindustrialisation of the West as well. Consultants and investors pushed businesses to look offshore for virtually every critical production input. Between 2004 and 2017, the US share of world manufacturing shrank from 15 per cent to 10 per cent. Our reliance on Chinese inputs doubled. The trade deficit with China, according to the Economic Policy Institute, has cost as many as 3.7million American jobs since 2000. Overall, the US and the EU have seen their share of value-added manufacturing drop from 65 per cent in the 1960s to barely half that today.

Despite US Treasury department manipulation of the yield curve last week and another Fed pause, yields still average above five in the aggregate

 We saw a much bigger surge into bonds in March, but yields persisted.

With inflation, employment, and nominal GDP all still strong, Treasury tricks are unlikely to unravel this.

Cash such as VMFXX at 4.21% ytd and total stock market such as VTSAX at 13.92% ytd continue to trounce bonds ytd. VBTLX is still down 0.39% ytd. AGG is down 3.46% ytd.

 

Democrat leader of the Hamas Caucus in the US House, Rashida Tlaib, says Democrat President Joe Biden supports genocide in Gaza

Genocide is fast becoming as obsolete as fascism.

 

There's a lot of clucking out there about multiple job holding

 Multiple job holding seems high at nearly 8.4 million, here.

But as a percent of the employed it is not, currently at 5.2%. In the go-go 1990s it was above 6%.

Multiple job holding generally is a sign of opportunity and good times, not economic stress and bad times. Obviously there is always a percentage of the workforce which can't find full-time work and works two part-time jobs. They now number almost 2 million, a very small part of the employment universe, which is near all-time highs in the range of 161 million.

Full-time employment in October was still strong at 50.4% of civilian population

 The ten month average holds at 50.3%, which is still higher than full year 2022.

We shall see.

If Ron DeSantis' candidacy is so dead, why do Democrats continue to write hysterical attack columns about him?

 

A Ron DeSantis Presidency: MAGA 2.0 

Maria Cardona, RealClearPolitics

Florida is such a hellscape under DeSantis that he enjoys "a supermajority in both houses of the state’s legislature. It’s not a pretty picture . . .." lol

Three consecutive years of declining real incomes, that's why

  Economy Is Great. Why Are Americans in Such a Rotten Mood?

 

US House votes against censure of leader of Hamas Wing, Democrat Rashida Tlaib, helped by 23 Republicans voting to table and 11 Republicans who didn't vote at all

 The measure to table the censure proposal won 222-186.

The roll call vote is here.

The protest organized by Tlaib stormed the Capitol and briefly occupied it on October 18th.