NATIONAL NEWS & OPINION Comments turned off

In FBI Case, the First Amendment Takes Another Bizarre Hit The same Democratic minority staff that trashed the First Amendment in last week’s Twitter Files hearings put something amazing in writing in a parallel case Matt Taibbi

Posted By on March 15th, 2023

https://www.racket.news/p/in-fbi-case-the-first-amendment-takes

Racket readers may recall that in November, shortly before the Twitter Files began, I ran an interview with Steve Friend, a onetime FBI agent who lost his career after blowing the whistle on the Bureau.

Friend refused to participate in a bureaucratic scheme to put local agents across the country in charge of J6 cases that were really being run out of the Washington office, a plan that made one Washington-based case look like a national map full of domestic terror cases popping up everywhere. He also objected to heavy-handed tactics like the use of S.W.A.T. teams for a suspect communicating voluntarily through an attorney, and the questioning of people in connection with J6 in cases where the state had little to no evidence. From that story:

Friend didn’t think the interview was warranted, and worried the feds showing up at someone’s door without cause “might do more harm than good” in a part of the country where government was unpopular already. He sucked it up and did the “knock and talk” anyway.

“I said, ‘Hey, were you at the Capitol?’” Friend recalls. “And he said, ‘No, that was my son’s funeral that day. I wasn’t there.’”

He shakes his head. “It hit me like a ton of bricks. I thought, I can’t believe I just made this guy relive that. And for what? Even if he’d admitted to being there, if he said, ‘I was there, I don’t wanna talk about it,’ I couldn’t even charge that.”

But even though Friend had reservations about some of the cases, his main concern was procedural — that by playing bureaucratic games with who was running these investigations, and putting locals nominally in charge of cases where they were really in supporting roles, they put all of the court cases in jeopardy. “A lot of these guys are bad dudes, and they should go to jail,” he said, about the Oath Keepers. But if “we didn’t follow our rules… we set ourselves up to get crushed at trial,” adding, “I want to win.”

BOOKS, ENVIRONMENT AND JUNK SCIENCE Comments turned off

The Learned Ignoramuses of Climate Science Chris Leithner

Posted By on March 15th, 2023

https://quadrant.org.au/magazine/2023/03/the-learned-ignoramuses-of-climate-science-chris-leithner/

Steven Koonin, in his terrific book Unsettled: What Climate Science Tells Us, What It Doesn’t, and Why It Matters (2021) writes:

with scientists’ unique role comes a special responsibility. We’re the only people who can bring objective science to the discussion, and that is our overriding ethical obligation. Like judges, we’re obligated to put personal feelings aside as we do our job. When we fail to do this, we usurp the public’s right to make informed choices and undermine their confidence in the entire scientific enterprise … Activism masquerading as The Science is pernicious.

Rarely is the masquerade revealed as frankly as it was in an interview published in Discover magazine in October 1989 with Stephen Schneider, a climate scientist at Stanford University. Before he became alarmed about global warming, he had been alarmed about global cooling, in 1971 co-authoring an article in the journal Science warning of it. In the Discover interview, Schneider unintentionally described the deep ethical bog into which he—and, I suspect, many climate scientists—have sunk.

“On the one hand,” he began, “as scientists we are ethically bound to the scientific method, in effect promising to tell the truth, the whole truth and nothing but—which means that we must include all the doubts, the caveats, the ifs, ands and buts.” The phrase “on the one hand” is ominous, but so far, so good and kudos to Schneider. But then he adds:

On the other hand, we are not just scientists but human beings … And like most people we’d like to see the world a better place … To do that we need to get some broad-based support, to capture the public’s imagination. That, of course, means getting loads of media coverage. So we have to offer up scary scenarios, make simplified, dramatic
statements, and make little mention of any doubts we may have. This “double ethical bind” we frequently find ourselves in cannot be solved by any formula. Each of us has to decide what the right balance is between being effective and being honest. I hope that means being both.

NATIONAL NEWS & OPINION Comments turned off

Inflation good news … Democrat-style By Ethel C. Fenig

Posted By on March 15th, 2023

https://www.americanthinker.com/blog/2023/03/inflation_good_news__democratstyle.html

Today’s inflation news will be something Joe Biden crows about, but only if you don’t need to eat.

As per its schedule, the U.S. government’s Bureau of Labor Statistics (BLS) released its monthly report on the February 2023 Consumer Price Index (CPI) at 8:30 a.m. (EDT) this morning, confirming what most of us have noticed.  

CPI for all items rises 0.4% in February as shelter increases

In February, the Consumer Price Index for All Urban Consumers increased 0.4 percent, seasonally adjusted, and rose 6.0 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.5 percent in February (SA); up 5.5 percent over the year

“…less food and energy…” 

Oh.

Food, which all living things need, jumped on an annual basis to 9.5%.  For those who eat at home, food prices zoomed up 10.2 %.  If that is too much for some, be reassured that “food away from home” in the past 12 months gulped up “only” 8.4%.  

Yeah, yeah…I know.

But there was some better yearly news on energy; really.  Energy costs (only)  increased 5.2% as energy commodities (oil, gas) dropped 1.4%. 

Drill, drill, explore, and drill some more.

ELECTIONS, ENVIRONMENT AND JUNK SCIENCE Comments turned off

DeSantis, Newsom, and the Algae Apocalypse Vanquishing woke extremists is only half the battle. Right-sizing the environmentalist movement is equally important, and may be a harder battle. By Edward Ring

Posted By on March 15th, 2023

https://amgreatness.com/2023/03/14/desantis-newsom-and-the-algae-apocalypse/

It would not be surprising if the final candidates for president in November 2024 were Joe Biden and Donald Trump. But if a younger generation of candidates prevails in their respective primaries, an equally unsurprising outcome would be Gavin Newsom pitted against Ron DeSantis.

While purists on both sides may find the California Democrat and the Florida Republican to be far from perfect embodiments of their ideals, a contest between these two governors would nonetheless be a contest between two very different visions for the future of America insofar as they govern two big states that diverge on almost every policy of consequence.

The prevailing perception of a hypothetical race between Newsom and DeSantis focuses on cultural issues, with both of them claiming their state is a beacon of freedom. But a comparison of equal consequence could be based on their response to environmental challenges.

Genuine Environmental Threats vs. Environmentalism, Inc.

One of the many tragic outcomes of overhyping the “climate crisis” is that for millions of skeptics, the entire environmentalist movement has lost credibility. In many cases, it is deserved. Organizations that used to have specific and relatively unassailable missions, such as Greenpeace back in the days when their mission was to save endangered whales, have now morphed into politicized caricatures that their founders wouldn’t recognize.

The environmentalist movement in the world, and in America in particular, has used the rhetorical bludgeon of an imminent “climate catastrophe” to terrify every child, intimidate every politician, and coopt every major corporation on earth—although, to be fair, monopolistic corporations have easily exploited the climate agenda to blaze a profitable pathway to even more market dominance and captive profits. Meanwhile, genuine environmental threats, lacking the sex appeal of surging seas and flaming forests, are not getting the attention they deserve. Examples of this are plentiful, and California is ground zero.

EDUCATION Comments turned off

Prestigious Women’s College to Vote on Whether to Admit Trans Men By Rick Moran

Posted By on March 15th, 2023

https://pjmedia.com/news-and-politics/rick-moran/2023/03/14/prestigious-womens-college-to-vote-on-whether-to-admit-trans-men-n1678211

Wellesley College, one of the most prestigious women’s colleges in the United States, will vote on Tuesday in a non-binding referendum on whether to admit transgender males.

Trans men are already attending Wellesley, having transitioned after arriving on campus. But this would be a step that would end Wellesley’s identification as a place of education for females.

Opponents, including the president, Paula Johnson, said the referendum changes Wellesley’s mission, which they say was founded to educate women. Last week, Johnson raised the ire of activists by saying in a statement that Wellesley is “a women’s college that admits cis, trans and nonbinary students — all who consistently identify as women.”

NATIONAL NEWS & OPINION Comments turned off

This Is Good Inflation News? Not If You Need Food, Heat, Or A Place To Live

Posted By on March 15th, 2023

https://issuesinsights.com/2023/03/15/this-is-good-inflation-news-not-if-you-need-food-heat-or-a-place-to-live/

Inflation eased again.” “CPI inflation rate slows to 6%.” “Inflation fell for the eighth straight month in February.” Those are the headlines that greeted the latest Consumer Price Index Report. Why aren’t those ungrateful families celebrating?

Prices in February climbed 0.4% from the month before and 6% from the year before. Both are down slightly from January.

President Joe Biden cheered the news, saying that “today’s report shows annual inflation is down by a third from this summer” and is “the slowest annual increase since September 2021.”

Huzzah!

OK, sure, that 6% year-over-year bump is still three times the average inflation for the past three decades. And sure, it comes on top of the 7.9% jump in prices in February 2022. And, yes, it means that the Consumer Price Index has now risen 15% in the short time Biden has been in office.

But fear not! Because Biden is on top of the situation, and his “inflation reduction act” is clearly working. Right?

The problem with the focus on the overall CPI – which measures cost changes in a “basket of goods” – is that people aren’t buying this basket every month. Most are just trying to make ends meet. They’re trying to feed their families. Keep the lights on. Avoid eviction.

ENVIRONMENT AND JUNK SCIENCE Comments turned off

Germany’s Coming Green Energy “Economic Miracle” Francis Menton

Posted By on March 15th, 2023

https://www.manhattancontrarian.com/blog/2023-3-12-germanys-coming-green-energy-economic-miracle

I’m old enough to remember the German post-World War II “economic miracle.” (Their term was “Wirtschaftswunder.”). After more than ten years of government direction of the economy under the Nazis, followed by the devastation of the war, Germany after 1945, under economics minister Ludwig Erhard, adopted the model of low taxes and light regulation. The economy boomed for decades on end.

But Germany then gradually turned away from Erhard’s prescriptions. Today Germany is twenty or so years into the most aggressive green energy “transition” of any country with a large economy, with the government firmly in charge of picking the winners and losers in the energy sector. At this writing, Germany’s consumer electricity rates are in the range of triple the U.S. average. My January 3, 2023 post quoted a German energy market guru named Mirko Scholssarczyk forecasting yet further big increases:

“40 cents per kilowatt-hour [is] likely to be the new normal in 2023 and 2024, and . . . prices could even rise to 50 cents per kilowatt-hour after that.”

That would put German consumer electricity rates at about 4 to 5 times the U.S. average — assuming that the U.S. does not go down the same path and drive rates up the way Germany has.

NATIONAL NEWS & OPINION Comments turned off

Feds try to stop bank crisis of their own making Biden’s stimulus blunders compounded by Fed Reserve policy missteps put US banks in a vise: David Goldman

Posted By on March 15th, 2023

https://asiatimes.com/2023/03/feds-try-to-stop-bank-crisis-of-their-own-making/

NEW YORK – US bank regulators on Sunday announced a massive response to last week’s run on Silicon Valley Bank (SVB) and the risk of copycat runs against other regional banks.

The Federal Reserve will provide one-year loans against banks’ security portfolios through a new Bank Term Funding Program, eliminating the risk that banks might be forced to sell their US$4.4 trillion in government securities at a loss.

The Federal Deposit Insurance Corporation (FDIC), meanwhile, will make whole all SVB depositors, as well as those of the Signature Bank of New York, closed by New York state authorities on “systemic risk” grounds.

Federal regulators have slapped a rather large bandage on a gaping wound that they cut into the banking system. By tightening credit to control a wave of inflation that had nothing to do with credit in the first place, the Treasury and Federal Reserve have created a credit problem where none existed before. There are few comparable instances of self-sabotage in the annals of bank regulation.

Although depositors won’t lose money, holders of bank bonds may take substantial losses. That augurs poorly for a recovery in credit markets already stressed by Federal Reserve tightening.

Sunday’s announcement will ease market fears that the run on SVB, which saw $45 billion in deposits leave the bank in little more than a day, might spread to other regional banks. The value of regional banks’ stocks collapsed on March 10 in response to the fear of a general run.

NATIONAL NEWS & OPINION Comments turned off

THE SILICON VALLEY BANK COVERUP – AND THE ROADS LEADING TO GOV. GAVIN NEWSOM The bank just deleted their Twitter account. So much for transparency from a bank that is now 100-percent backed by taxpayers.Adam Andrzejewski

Posted By on March 15th, 2023

https://openthebooks.substack.com/p/the-silicon-valley-bank-coverup-and

Last Friday, when the Silicon Valley Bank quickly imploded and rocked the U.S. financial sector, it was taken over by federal regulators. The bank was known for backing tech start-ups, and had come under fire for prioritizing investments into climate change and social ventures rather than those that could make a predictable return.

The executive roster of the bank had a questionable track record. For example, SVB’s Chief Administrative Officer, Joseph Gentile, was the CFO of Lehman Brothers investment bank when it collapsed. SVBs Chief Risk Officer position was left vacant for nine months through January 2023.

The CEO, Greg Becker, was a director at the San Francisco Federal Reserve Bank from 2019 until termination on Friday. Becker’s also under investigation for selling $3.6 million in bank stock during a period when SVB was in the markets to raise $2 billion from investors— an effort to keep the bank solvent.

Silicon Valley Bank’s “Behested” $100,000 Gift To Newsom’s Nonprofit

Our auditors at OpenTheBooks.com found that California Governor Gavin Newsom, through a nonprofit organization his wife, Jennifer Siebel Newsom founded, the California Partners Project, has very close ties to the bank.

In 2021, SVB gave $100,000 in corporate gifts to the Newsom nonprofit. These gifts are so intertwined with the Newsom’s that they are listed as a matter of California ethics law on a state government website, California Fair Political Practices Commission.

ISRAEL Comments turned off

False depictions of Israeli reforms and the fall of SVB By Ruthie Blum

Posted By on March 15th, 2023

https://www.jns.org/opinion/false-depictions-of-israeli-reforms-and-the-fall-of-svb/

You’ve heard about the guy who killed his parents and then wailed about being an orphan, right? Well, what’s going on in Israel right now is even more astounding, with the anti-government protest movement taking the metaphor to a whole new level.
Its masterminds—along with gullible, genuinely scared fellow travelers—are not only premeditating the demise of the very institutions they’re claiming to cherish. They’re staging mass dress rehearsals, replete with costumes from the TV series “The Handmaid’s Tale,” for an I-told-you-so funeral of their own making.

But don’t take my word for it. Radio broadcaster and social activist Aybee Binyamin, a member of opposition leader Yair Lapid’s Yesh Atid Party and a founder of the previous hate-fests against Prime Minister Benjamin “Bibi” Netanyahu, proudly articulates the plot.

“The protest is progressing on several axes,” he tweeted on March 6. “The central axis is the Saturday-night demonstrations. The sub-axis is the ‘days of disruption’ and daily demonstrations. The second axis is the crushing of the economy. The third axis is the crushing of the [Israel Defense Forces] reserves. The fourth axis and the one that will deal the knockout blow is international isolation from democratic countries in general and European Union and United States sanctions in particular! Together we will win!”

Under this manifesto is a photo of a giant banner reading: “The government of the destruction of the Third Temple.” This is intentional projection—with the cynical abuse by secularists of ancient Jewish history to engage in it—at its finest.