RUTHFULLY YOURS

https://thehill.com/opinion/finance/3641386-as-economic-woes-continue-biden-will-struggle-to-make-midterms-a-referendum-on-trump/

As President Biden travels the country touting his economic successes and excoriating former President Trump, we prepare for the next debacle courtesy of this president: Biden’s stagflation.

We’ve had Biden’s inflation, Biden’s recession and Biden’s natural gas shortage. Now we have renewed inflation and the very real possibility of a double-dip recession.

Tuesday’s report from the Bureau of Labor Statistics dashed hopes that inflation was cooling. While prices did not budge in July, they rose by 0.1 percent in August, despite a significant swoon in energy costs (gasoline prices declined nearly 11 percent in just one month) and a sharp increase in the value of the dollar. Both of those trends helped stem the rise in prices, but not as much as expected.

Over the past 12 months, the consumer price index (CPI) rose 8.3 percent overall; analysts were expecting 8.1 percent. While the top-line rate of increase has dropped from the four-decade high of 9.1 percent reached in June, the rate of decline is alarmingly slow. Core inflation, absent food and energy, came in at 6.3 percent, up from 5.9 percent in July, and also worse than expected.

Positives other than falling gasoline prices, like some improvement in supply chains, declining commodity prices and lower used car prices also pumped up the “inflation is cooling” story.

The Federal Reserve is now expected to push rates up more rapidly, and for longer, than previously expected. Almost immediately, markets priced in a 20 percent chance of a 100 basis-point hike next week; prior to the latest CPI report, those odds were set at zero.

https://amgreatness.com/2022/09/12/green-globalism-is-the-ultimate-expression-of-white-supremacy/

There has been broad recognition of late that the American Left projects their own flawed proclivities onto their political opponents. They accuse the Right of not caring about the American worker, but the functional consequence of every policy they devise has been destructive to American workers. They accuse the Right of being corporate puppets, when every major corporate special interest caters to the Left. They accuse the Right of having no respect for the Constitution or the rule of law, while they attempt to pack the Supreme Court, abolish the Electoral College, ignore the First and Second Amendments, and refuse to prosecute criminals. They accuse the Right of being fascist, yet their allies in Antifa and Black Lives Matter have cells operating in every major city.

Maybe the biggest projection of all is the common leftist accusation that the Right is dominated by white supremacists. The first thing to observe here is that the American Left – its leadership, its donors, and its corporate partners—“diversity, equity and inclusion” notwithstanding—is itself dominated by whites. And apart from their rhetoric, they certainly aren’t doing anything to help nonwhites. From welfare to affirmative action to avoidable cost-of-living increases, every policy the Left implements has the effect of disproportionately marginalizing and impoverishing nonwhites.

But are these white leaders on the Left supremacists? Yes, they are, because the American Left, and the globalist green agenda it is cramming down our throats, has only one logical ultimate goal: To conquer the world. It’s pretty hard to be more “supremacist” than that.

Recognizing this reality relies on fairly simple logic:

If life on Earth will come to an end unless all nations achieve “net zero” emissions by 2050, but so far the only nations attempting to achieve this goal are white Western nations, then to save the earth, those nations that are not complying must be forced to comply. In the short run, for example, this means preventing emerging nations from acquiring the investment and technical support to develop an energy economy based on fossil fuel. But within a decade or two, with another generation of Westerners reaching adulthood firmly convinced the world will come to an end if “net zero” is not achieved, the green agenda will be a marketable justification for world war.

https://www.wsj.com/articles/were-all-jews-now-supreme-court-free-exercise-yeshiva-university-lgbtq-student-club-judaism-pride-emergency-petition-11663016097?mod=opinion_featst_pos1

In mid-1960s Brooklyn, my dad was stopped at a traffic light when my brothers and I noticed a group of odd-looking men on the street corner, all with long beards, dark coats and hats. “Who are they?” we asked, pointing.

My father said something along the lines of “they are like us.” We didn’t have the slightest idea what he was talking about. What he meant was that their strong religious beliefs made them look strange to society—and as Catholics we did too, even if our views weren’t manifested in our clothing.

More than 60 years later, these words come back to me as Yeshiva University was granted an 11th-hour reprieve Friday by the Supreme Count. The school had filed an emergency petition with Justice Sonia Sotomayor on Sept. 2, hoping to stay a Manhattan judge’s order that the university grant official recognition to the Yeshiva University Pride Alliance in accord with New York City’s Human Rights Law. The school had decided an official LGBTQ student club wouldn’t be consistent with Torah values at the heart of its identity.

Yeshiva University isn’t just any Jewish school. It is the flagship institution of Modern Orthodoxy, committed to the idea that Jews can be at once fully Orthodox and fully engaged with the world. Arguably it is the sweet spot between Haredi Judaism, which tends to keep the outside world at bay, and Reform Judaism, whose embrace of modernity can over time erode Jewish distinctiveness.

New York says Yeshiva doesn’t qualify for a religious exemption. The argument seems to be that because it is incorporated as an educational institution—its motto is Torah Umadda, roughly, Torah plus secular knowledge—it can’t claim to be a religious institution and therefore has no right to an exemption.

https://issuesinsights.com/2022/09/13/who-will-save-americans-from-a-weaponized-irs/

Our American republic did quite well for nearly a century without the IRS or its forerunner, the Office of the Commissioner of Revenue. Today, federal “revenooers” are the greatest threat to freedom in a country where liberty is already being lost at an alarming rate.

The IRS is more than a mere revenue collector for the federal government. It has often been used an instrument of intimidation, even terror, against political foes, and those who might not be so enthusiastic about paying income taxes, or simply have a financial hardship that limits their ability to pay.

Administrations all the way back to Franklin Roosevelt’s have used the IRS to target their opponents. Elliott Roosevelt, one of FDR’s sons, said his father “may have been the originator of the concept of employing the IRS as a weapon of political retribution.”

And of course most of us recall the IRS sitting on and rejecting applications for tax-exempt status for groups that were trying to organize against the policies of Barack Obama, essentially barring their existence.

Now it’s Joe Biden “turn” to unleash the pain. His misleadingly named Inflation Reduction Act created, as we noted earlier, “​​a small army of IRS shock troops who will abet the progressive-socialist political complex’s consolidation of raw political power while wrecking families, individuals, and small businesses.”

https://pjmedia.com/columns/david-solway-2/2022/09/11/is-the-great-reset-kaput-n1628618

Writing in The Epoch Times, CEO of GnS Economics Tuomas Malinen forecasts the imminent collapse of the European economy. Focusing on the ill-advised sanctions against Russia in the wake of its invasion of Ukraine and the shutting down of the Nord Stream 1 pipeline, he reports that “[m]any households and corporations are seeing their energy prices multiply by 10, or more, across the continent.” In the face of a massive spike in energy prices, skyrocketing inflation, the raising of interest rates, the crushing effect on asset markets and the European banking sector, and the explosion of a full-blown debt crisis, Malinen predicts the unraveling of the Eurozone and the possible collapse of the global financial system. The ripple effect would be unstoppable.

If Malinen is right—and his credentials are impeccable—what might the prospects be, in the midst of such carnage, for the Great Reset project, which envisions the corporate seizure of global governance and top-down management of economic affairs? Would the ensuing chaos render the Reset moot since the conditions for a social and economic revolution would be far too unstable for a coherent restructuring of society? Might we finally see the end of the nefarious Klaus Schwab, whose toxic dreams—corporate hegemony, the abolition of private property, and the eclipse of  democratic accountability while civil society becomes little more than window dressing—would have turned to rubble?

As Richard Morrison writes in National Review Capital, “The global regulatory cartel that technocrats such as Schwab envision—a system of supranational policymaking that insulates politicians and CEOs from the demands and expectations of their most important constituents—is exactly the course of action that will end…the amazing growth, health, education and prosperity” that the free-market system has created. Such is the policy that Klaus and his Davos minions would pursue, which the current imbroglio might well put paid to. There would be scarce maneuvering room to set the Schwabian program in place.

https://finance.yahoo.com/news/want-know-where-us-inflation-110000417.html

The Federal Reserve’s attempt to get a clean read on post-pandemic inflation has focused attention on gauges that elevate housing costs, which is why what happens to rental inflation will factor heavily into the future of monetary policy.

The good news is rental inflation may be close to topping out after advancing almost 6% in the 12 months through July. The bad news is it will take a while to settle back down to anything resembling pre-coronavirus norms.

And that means Fed officials will maintain high interest rates for some time.

“If you’re the Fed and you’re trying to push down on inflation, you have to sort of hammer the labor market a little bit, in the sense that that’s what is going to help push shelter inflation down,” said Omair Sharif, president of Inflation Insights in Pasadena, California. Most other prices, meanwhile, are “out of their control,” he said.

A monthly Labor Department report on consumer prices due out Tuesday is expected to show so-called core inflation, a widely tracked measure that excludes volatile food and energy prices, rose by another 0.3% in August after a similar increase in July.

While that would mark a slowdown versus the past year, it would still be elevated compared with the years before the pandemic. Nor is it likely to sway the Fed from delivering a third straight 75 basis-point rate hike when it meets Sept. 20-21.

“I expect to see sizable increases in this component of inflation for a while as the recent rise in new rentals makes its way into aggregate price measures,” Fed Governor Chris Waller said on Friday. “Sometime early next year, though, I expect to see the upward pressure on inflation from these forces to ease.”

Outsize Share

Rents have always been important in measures of inflation, due to their outsize share in most household budgets: They comprise a little over 30% of the headline consumer price index, and about 40% of the core index.

But during the pandemic, as inflation has surged, other, smaller components — like used vehicles — recorded such unprecedented price increases that they, too, have become major drivers of those measures.

So, in an attempt to get a better handle on underlying inflation, policy makers have increasingly turned to such measures as “trimmed-mean” and “median” indexes to get a sense of how “broad-based” inflationary pressures really are.

https://www.city-journal.org/nature-human-behavior-editorial-is-anti-science

Nature Human Behavior, one of the most prestigious journals for social science research, recently published an editorial titled “Science must respect the dignity and rights of all humans.” Though short, the article generated tremendous pushback among academics and intellectuals concerned about the spread of social-justice ideology into science. Harvard psychologist Steven Pinker said the journal was “no longer a peer-reviewed scientific journal but an enforcer of a political creed,” while Greg Lukianoff, the CEO of the Foundation for Individual Rights and Expression, described the journal’s statement as “an epistemic catastrophe.” What did the editorial say?

In short, it took the position that scientific truth should defer to politics. The journal now considers it appropriate to suppress research that “undermines—or could reasonably be perceived to undermine—the rights and dignities” of people or groups, as well as “text or images that disparage a person or group on the basis of socially constructed human groupings.” Researchers are urged to “consider the potential implications of research on human groups defined on the basis of social characteristics” and “to contextualise their findings to minimize as much as possible potential misuse or risks of harm to the studied groups in the public sphere.” Anything that could be perceived as disparaging is now fair game for rejection or retraction.

The implications on scientific inquiry and truth-seeking are clear. As the journalist Jesse Singal observed, an empirically flawless study could be retracted under the guise of social justice. “What’s most alarming is that unless I’m missing something, research that is perfectly valid and well-executed could run afoul of these guidelines,” he wrote.

But such behavior already occurs. Sometimes, studies that offend social-justice orthodoxy are assigned a “flaw” of some kind—usually one that would be treated as minor had the results been different—and rejected on that pretextual basis. The psychologist Lee Jussim has coined the term rigorus mortus selectivus to describe the widespread practice among social scientists to denounce research one dislikes using criteria that are ostensibly scientific but never applied to politically congenial research. Other times, studies that manage to penetrate the literature (despite the best attempts of ideological gatekeepers) are seized upon by observers who scrutinize every aspect of the research using unreasonable criteria. Because no study is perfect, it is always possible to find some limitation to justify a cancellation campaign.

https://www.spiked-online.com/2022/09/10/the-fall-of-los-angeles/

For much of the 20th century, Los Angeles symbolised the future. Over the course of the century, the population grew 40-fold to nearly four million people.

But now, for the first time in its history, the population of Los Angeles is in decline, falling by 204,000 between July 2020 and July 2021. LA was once a magnet for investors. But recently many of the area’s corporate linchpins – including aerospace giant Northrop Grumman, Occidental Petroleum and Hilton Hotels – have left, taking with them high-paying jobs and philanthropic resources.

Worse still, conditions in LA today are bordering on the medieval. Anyone visiting some of the most famous districts of urban Los Angeles – notably downtown, Hollywood and Venice Beach – sees clear signs of destitution, including sprawling homeless encampments, vast numbers of people living in vehicles and rampant crime. Last year, a UN official compared conditions on LA’s Skid Row, a poor downtown neighbourhood, to those of Syrian refugee camps. Smash-and-grab thefts at local 7-Elevens and the persistent theft of goods from railyards suggest this is a city that has lost control to the modern version of lawless highwaymen.

So-called progressives have long dreamed of transforming the famously sprawled Los Angeles into a dense, transit-oriented, sun-kissed version of New York. But despite massive corporate and government investment, attempts to do this have failed. Rather than a vibrant hipster paradise, LA’s urban core is dominated by the homeless, the poor, government workers and a few creative types – making for an odd juxtaposition of homeless camps and low-rent hotels alongside high-end restaurants and artists’ lofts. Meanwhile, newly built luxury apartments have suffered vacancy rates as high as 14 per cent – remarkable in a city so short of housing.

Unsurprisingly, some Angelenos have sought to reverse this disastrous course. Earlier this year, disgruntled residents united around property developer Rick Caruso in his insurgent campaign to become mayor of Los Angeles. Caruso spent over $24million of his own money on the first round of the election in June.

Caruso is the grandson of Italian immigrants, whose father founded the successful LA business, Dollar Rent a Car. And he has himself been a big player in California for years. His real-estate business, founded in 1987, is now worth more than $4 billion. Caruso has built shopping centres all over the metropolitan area, from the iconic Farmer’s Market and middle-class San Fernando Valley to the swanky Pacific Palisades. Yet Caruso’s mayoral bid appears to have stalled against the well-organised might of the city’s public-employee-driven political machine.

https://amgreatness.com/2022/09/11/america-delira/

Travel abroad and or talk to pro-American foreigners here, and you will be surprised at what they say. It is not boilerplate anti-Americanism of the usual cheap Euro style. And their keen criticism is not just that we are $30 trillion in debt, dependent on China, with a corrupt elite, or have gone insane inventing the most lurid crimes to put away the supposedly predetermined guilty Donald Trump.

Instead, they express disbelief, worry, lamentation even, that the one solid referent in the world has gone, well, completely rabid. They are terrified after the Afghanistan debacle that their old ally or new homeland, the once constant America, is delirious, incompetent, and self-loathing, and now there is no plausible alternative to the old American deterrence. 

So, they wonder who will resist China, Russia, Iran, or North Korea—and are silently petrified to go it alone without the United States.

They seem staggered by the very ideas that now emanate from the United States: that nonexistent borders are desirable; that once rarified institutions like the FBI or CIA now function like the Stasi of old; that the very idea of meritocracy is considered racist; that one incorrect word can destroy a life-long career; that there are three or more sexes, not two; that biological men with male genitalia and physiology can compete, and destroy decades of advances, in women’s sports; that race is the sole mode of self-identification; and that half of America dislikes American customs, history—and the other 50 percent of the population—as much as do its enemies.

Onlookers no longer see American universities as free-wheeling bastions of unfettered research and expression. Rather they watch dreary (and sometimes scary) places where conformity to the old Soviet-style is enforced—or else. 

There is an apprehension that Russian hypersonic missiles are superior to America’s, that China could easily sink the Pacific fleet if it got too close to a blockade of Taiwan, that America is now reconciled to a nuclear Iranian theocracy, that North Korea will try something stupid soon—and that the American military is now somehow different, somehow less lethal. 

Dogma and Stalinist-like orthodoxy now plague our films, our fiction, our research, and even our scientific inquiry. Public policy discussion of real problems like long COVID can be as much about what race is affected the worst by it—and thus which diabolical actor or demographic is to blame—rather than a Marshall Plan rush to find a cure for everyone. 

A discussion of Homer’s Odyssey in college is likely to be a Sovietized melodrama of rooting out the sexists and racists in the preliterate bard’s cosmos, rather than why and how such an epic has enthralled audiences for over 2,700 years. The subtext is that we are growing poorer, weaker, and more ridiculous—an acceptable price if we can at least prove we are woke.

So, what made America unhinged? 

The Woke Plague

https://www.americanthinker.com/articles/2022/09/the_fbis_apex_bureaucracy_is_dangerous.html

“The DOJ-FBI monstrosity that now exists is another powerful example of how a nation’s culture ultimately determines a nation’s fate.  Because so much business of the State today occurs in secret and beyond citizens’ oversight, it has never been more important for ordinary citizens and their government to share a common culture keeping their interests aligned.  When the bureaucracy does not share the people’s beliefs, then it persistently acts contrary to their wishes.  It replaces Americans’ wants and needs with its own.  And like any apex beast, it becomes a danger to those who dare threaten its control.”

There is growing hand-wringing among the devil’s den in D.C. that the American people’s cratering confidence in the Department of Injustice and Fascist Bureau of Investigation will lead to absolute anarchy in the streets.  Considering both institutions have been vocal cheerleaders for Black Lives Matter and Antifa domestic terrorists and that Democrats’ war on police and support for open borders have succeeded in producing skyrocketing crime rates throughout the country without any pushback from Merrick Garland or Chris Wray, their mercurial concern for the rule of law seems grounded in nothing more than risible self-interest.  They don’t trust us!  Worse, they don’t fear us!  What if they learn not to obey?

Here’s a truth that tens of millions of Americans understand: if the sweeping criminal enforcement arm of the federal Leviathan disappeared tomorrow, life for the vast majority of citizens would go unchanged.  It might even improve.  We are spoon-fed this Big Government fallacy from kindergarten on up that absolute chaos lurks behind every corner if not for the protections provided from our beneficent bureaucratic masters who maintain order and peace.  That’s absurd propaganda meant to keep Americans conditioned into accepting total government control.