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Sudan: Army chief Abdel Fattah al-Burhan denies deal with RSF, flees to Port Sudan
Today's Headlines
Headline Comments [Views]
Page 4: Opinion
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8 16:06 Rex Mundi [8] 
5 12:18 M. Murcek [9] 
8 13:24 M. Murcek [10] 
12 15:40 Procopius2k [8] 
8 12:56 Super Hose [7] 
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5 13:52 Grom the Reflective [6]
7 22:54 Enver Slager8035 [17]
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Page 6: Politix
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-Great Cultural Revolution
Excellent Primer on the ‘Long March’ Through The Universities That Has Produced Our Adversarial Culture
[NewsMax]
Posted by: NoMoreBS || 08/29/2023 11:11 || Comments || Link || [5 views] Top|| File under: Commies


Boston Talk Host Howie Carr Describes How Journalism Used to be Blue Collar But is Now Ruled by Liberal Elites (AUDIO)
[Gateway] Conservative Boston talk radio host Howie Carr recently spoke to Breitbart News during their podcast.

Part of their conversation was about how the media landscape has changed over the years. Carr pointed out that years ago, journalism was filled with working class people, some of whom would eventually work their way up to greater positions. Now it is dominated by politically connected liberal elites.

Carr uses specific examples like Jake Tapper and Chuck Todd as people who are directly connected to Democrat politics.

Exclusive — Howie Carr Chronicles Journalism’s Shift from Blue-Collar to Elitist Trade: ’They’re Writing for the Powers That Be’

Syndicated Boston radio host Howie Carr appeared on Sirius XM’s Breitbart News Saturday, where he offered his perspective on how the news industry has moved from a working-class trade, in which reporters worked their way up from local outlets to larger platforms, to one that is now dominated by elites who serve as lapdogs to those in power.

"I mean, the, you know, newspapers in the old days, it was a sort of a working-class, blue-collar trade," Carr explained. "And after Watergate, it just the sort of the upper classes, the elites, the legacy started moving into it, and it’s totally different now...

"Jake Tapper, you know, he worked for Chelsea Clinton’s mother-in-law, and she was married to a corrupt congressman, and she was a congresswoman," Carr said of Marjorie Margolies. "Or you have been Chuck Todd, who worked for stolen valor, Tom Harkin, a senator, or Stephanopoulos, who ran the bimbo eruptions unit for the Clinton campaign in ’92. I mean, that’s the farm system now... It’s not just the internet that’s destroyed newspapers. I think that there’s just nobody, there’s nobody left who — forget going to church or being in the military, these people don’t even know anyone who goes to church or is in the military."

You can listen to the whole thing below:
Posted by: Besoeker || 08/29/2023 06:16 || Comments || Link || [9 views] Top|| File under:

#1  Just view the famous movie "Front Page". The squad room where the action plays out is the home of what was then "Blue Collar Journalism." A replica of that movie would not make sense today.
Posted by: Jerens Black9355 || 08/29/2023 8:35 Comments || Top||

#2  In today’s world, journalism is what you do if you believe your college teachers too much.
Posted by: Super Hose || 08/29/2023 11:29 Comments || Top||

#3  ...bimbo eruptions...

I don't know what that means. I'm afraid I don't want to know.
Posted by: Abu Uluque || 08/29/2023 11:59 Comments || Top||

#4  They can call it journalism if they want but what they'd doing these days is not journalism.
Posted by: Abu Uluque || 08/29/2023 12:00 Comments || Top||

#5  Except for some lame pinko labor sheets, reporters have been at least college eligible or some college, not "blue collar" since after WW II.
Posted by: M. Murcek || 08/29/2023 12:18 Comments || Top||


-Short Attention Span Theater-
I've studied more than 5,000 near death experiences. My research has convinced me without a doubt that there's life after death.
[Insider] Thirty-seven years ago I was an oncologist resident, learning about how best to treat cancer using radiation. These were the pre-internet days, so I did my research in the library. One day I was flipping through a large volume of the Journal of American Medical Association when I came across an article describing near-death experiences.

It stopped me in my tracks. All my medical training told me you were either alive or dead. There was no in-between. But suddenly, I was reading from a cardiologist describing patients who had died, then come back to life, reporting very distinct, almost unbelievable experiences.

From that moment, I was fascinated with near-death experiences or NDEs. I define a near-death experience as someone who is either comatose or clinically dead, without a heartbeat, having a lucid experience where they see, hear, feel emotions, and interact with other beings. Learning more about these experiences has fundamentally changed my view of the universe.

Near-death experiences have common threads

When I finished my residency, I started the Near-Death Experience Research Foundation. I started collecting stories from people who had NDEs and evaluating them with the mind of a scientist and doctor. I make opinions based on evidence and came into this as a skeptic. But in the face of overwhelming evidence, I've come to believe there's certainly an afterlife.

No two NDEs are the same. But as I studied thousands of them, I saw a consistent pattern of events, emerging in a predictable order. About 45% of people who have an NDE report an out-of-body experience. When this happens, their consciousness separates from their physical body, usually hovering above the body. The person can see and hear what's happening around them, which usually includes frantic attempts to revive them. One woman even reported a doctor throwing a tool on the floor when he picked up the wrong one—something the doctor later confirmed.

After the out-of-body experience, people say they're transported into another realm. Many pass through a tunnel and experience a bright light. Then they're greeted by deceased loved ones, including pets, who are in the prime of their lives. Most people report an overwhelming sense of love and peace. They feel like this other realm is their real home.
Posted by: Besoeker || 08/29/2023 00:00 || Comments || Link || [7 views] Top|| File under:

#1  Goddamnit
Posted by: DarthVader || 08/29/2023 0:10 Comments || Top||

#2  So, basically, what he's sying is that G*d is an idiot who doesn't know who'll die and who'll recover?
Posted by: Grom the Kindly || 08/29/2023 3:21 Comments || Top||

#3  Among all his creations on this planet, he gave us 'free will'. Do with it as you will or not. God does not play 'puppet master' for your edification.
Posted by: Procopius2k || 08/29/2023 7:12 Comments || Top||

#4  ...Now, I am not a doctor, though I play one at home - but it's my feeling that what this actually means is that it takes a lot longer than we thought for the brain to go completely dead.

I mean, think about it - the human brain is the most incredible machine in the universe that we know of. It seems perfectly reasonable to me that when respiration and blood flow stop, it's going to slowly wind down and the synapses are still going to fire until the last molecule of O2 is absorbed.

As a smart man once said, "Bringing someone back after they've been out three or four minutes is one thing. If you want to impress me, bring them back after about seven to ten days, then ask them what they saw."

Mike

Posted by: MikeKozlowski || 08/29/2023 8:13 Comments || Top||

#5  ..looks like the team at the White House can only manage a day or two so far.
Posted by: Procopius2k || 08/29/2023 8:49 Comments || Top||

#6  /\ Yes, I think we may be seeing the final stages. Of course I thought that a year or so ago.
Posted by: Besoeker || 08/29/2023 9:00 Comments || Top||

#7  I have seen a number of people who irrevocably dead. The one thing they had in common was, they didn't care anymore.
Posted by: ed in texas || 08/29/2023 9:08 Comments || Top||

#8  Certainly, there is life after death. The question is whether it will be a good one or a bad one. My wife stroked out during her second brain tumor removal. She said she had a discussion with the man who met her there about whether she should come back or stay there. She chose to come back because our kids were young and they weren’t prepared for her passing. I appreciate that she put in the OT. It was hard but it helped me out a lot.
Posted by: Super Hose || 08/29/2023 12:56 Comments || Top||


Africa North
End of French Africa. Who will take Macron's place on the Black Continent
Direct Translation via Google Translate. Edited.

by Olesya Orlenko
“The era of “French Africa” is over, I confirm it,” said President Emmanuel Macron in an exclusive interview with Le Point, published on August 23, 2023. With these words, the French leader stated a reality that had existed for many years, which he himself, however, tried to deny even five years ago.

Indeed, during the coup d'état in Niger, the French authorities remain in the toughest positions, not entering into any dialogue with the new government. Despite the fact that the situation risks ending with a break in diplomatic relations. So, the ambassador in Niger refused to answer the call of the Nigerian Foreign Ministry, and Macron demands "the restoration of constitutional order."

On August 25, the putschists demanded to recall the French ambassador Sylvain Itte, and also accused the embassy security service of using weapons against peaceful demonstrators, and France itself of developing and implementing plans to destabilize Niger.

But Macron has a different opinion on this matter. According to the President of France, it is only thanks to the military intervention of French soldiers as part of Operation Barhan that states such as Mali, Burkina Faso and Niger continue to exist at all.

True, back in 2021, the media wrote about the colonial methods of the French troops in the Sahel region, as a result of which civilians die, and French soldiers return home in zinc coffins. This behavior naturally led to an increase in anti-French sentiment.

Macron's admission of the failures of the French policy of "soft power" within the framework of a single Francophone space on the African continent is unlikely to please the military. In their circles, there is a very common view of the countries that were formerly French colonies as territories that, by definition, are within the sphere of French interests. It will also exacerbate the social situation within France itself, the complexity of which has manifested itself during the recent protests.

The position voiced by Macron is also likely to affect the work of French enterprises in Niger and, possibly, in other African countries.

The region is important for Europe as one of the possible sources of Russian gas replacement.

Thus, the development of the Nigeria-Morocco gas pipeline project became an occasion for contacts between warring Morocco and Algeria. Literally on the eve of the coup, in July 2023, Algeria, Nigeria and Niger signed agreements on the construction of a trans-Saharan gas pipeline. Moreover, Algeria took over the costs associated with this project in the territory of Niger.

However, in light of growing anti-French sentiment, French oil and gas companies are leaving Niger, yielding this area, in particular, to Chinese enterprises. In particular, in 2022, the Niger branch of Total sold its assets to the Mauritanian Star Oil Group.

Another important industry for Europe and France, linking it with Niger, is uranium mining.

French nuclear power plants operate on uranium, the importance of which has increased in the context of the energy crisis that Europe is currently experiencing. Uranium mines in Niger are being developed by the French state-owned company Orano. So far, the company says that development in Niger continues as normal, although it had to "mobilize forces" for this.

Uranium mining in Niger by the French nuclear company AREVA
The total dependence of the French nuclear industry on Niger uranium deposits is somewhat exaggerated. In fact, Niger is one of the three main suppliers of this raw material to France, along with Kazakhstan and Uzbekistan. France's interest in Mongolia is also growing as a large-scale supplier of various kinds of raw materials, including uranium.

The loss of deposits in Africa will be for France, if not catastrophic, but economically very noticeable. And, no less important, they will have another negative effect on the state of public opinion.

In general, about 30 French enterprises are now operating in Niger. All of them are trying to stay in the country after the coup and save investments.

In addition to Orano, we are talking about the enterprises of the Vinci group of companies, Veolia, Nutriset and others. In many ways, they are able to work thanks to funding received, in particular, from the European Union. But they are all keeping a close eye on developments.

At the moment, the diplomatic response to the circumstances seems to form the basis of the consensus of the key players in world politics.

However, ECOWAS, after negotiations with Niger last weekend, rejected the proposal of General Abdurrahman Chiani , who seized power , to pause and wait for a “transition period” for three years, after which to return to geopolitical and economic decisions. Earlier, the Economic Community of West African States insisted on a military invasion of Niger.

On Monday, August 28, speaking to the diplomatic corps, Macron reaffirmed his intransigence against the rebels and said that, on the basis of a "partnership approach", France would support ECOWAS's diplomatic, and if a decision is made, military efforts in Niger.

The consequences that such an exit would entail would be catastrophic, including for the work of French enterprises. Against this background, the reaction of the United States, directly opposite to the actions of France, is indicative.

Despite the fact that Washington is making every effort to support the deposed President Mohamed Bazum , right now, after a two-year break, a new ambassador to Niger has been appointed - Kathleen Fitzgibbon . Perhaps this is one of the reasons why the intervention announced by Niger's West African neighbors has not yet begun.

Posted by: badanov || 08/29/2023 00:00 || Comments || Link || [8 views] Top|| File under:

#1  Would be nice if somehow West Africa found some unity as a result of this mess. They either need to rearrange a few borders to match tribal territories, or erase a few borders and hope for government that doesn't worship marxist ideology.
Posted by: ruprecht || 08/29/2023 9:23 Comments || Top||

#2  hope...is a plan.
Posted by: Skidmark || 08/29/2023 10:16 Comments || Top||

#3  Me! Me! Me! The BRICS jump up and down yelling.
Posted by: magpie || 08/29/2023 10:22 Comments || Top||


Britain
When Gramps becomes a popsicle: UK winter plan for heat pumps is
[HoAir] So, when you live in Never Never Land as Greens seem to do , there’s nothing that the act of your merely saying it can’t make so. It has happened repeatedly with their empty promises of renewables carrying the United Kingdom cheaply and reliably forward into the 22d century and the Nirvana that is Net Zero.

It is happening again with the mandates to switch the entirety of the British Isles — including the naughty north bits who routinely plunge into frozen wastelands come winter — to electric heat pumps. Even as folks intimately familiar with such technology, and the fact that the U.K. can’t keep the lights on as it is, insist with moral authority "Heat pumps are not designed for heating in C-O-L-D climates."
And they say that sanctions against cheap Russian gas are a failure!
Posted by: Grom the Kindly || 08/29/2023 03:08 || Comments || Link || [10 views] Top|| File under:

#1  Anywhere it snows, a heat pump is a loosing proposition. Seriously. At water phase change temperatures there's not enough atmospheric heat to recover. Whoever decided to use them there is a moron.
Even in south Texas, when temps get down around freezing I get calls from friends who was to know if I have any space heaters. (I usually say, prop open the door to you electric oven and use a box fan. They're dumbfounded.)
Posted by: ed in texas || 08/29/2023 8:48 Comments || Top||

#2  ^But imagine how much money UK will save in pensions.
Posted by: Grom the Reflective || 08/29/2023 9:21 Comments || Top||

#3  Here's a German alternative that I put in the basement bath and bedroom. Pretty quiet and takes the chill off fast.

(That young fellow in the advert, it's not the Stiebel making him smile. It must be the koffee.)
Posted by: Besoeker || 08/29/2023 9:23 Comments || Top||

#4  Sadly most greenies tend to be starving vegans, so you can't burn them for heat.
Posted by: Silentbrick || 08/29/2023 9:29 Comments || Top||

#5  I don't know anyone who has a heat pump w/o a supplemental electric heater. Though that negates the goal of saving on utility bills w/ a heat pump.

Buy old furniture and burn it in a barrel in the living room. It's carbon neutral.
Posted by: Enver Slager8035 || 08/29/2023 9:32 Comments || Top||

#6  Putting that unit in the bath will reduce his heating requirements.
Posted by: Skidmark || 08/29/2023 9:38 Comments || Top||

#7  Heat pumps don't work as well below 40F. Mine freezes when the temperature gets around 0. It's relatively new.
Posted by: Deacon Blues || 08/29/2023 12:26 Comments || Top||

#8  Mine does fine keeping it around 68 inside when it's upper 30s outside at night. I'm glad that's as hard as it has to ever work where I'm at.
Posted by: M. Murcek || 08/29/2023 13:24 Comments || Top||


Caucasus/Russia/Central Asia
The West is draining Ukraine according to the Afghan scenario
Direct Translation via Google Translate. Edited.

by Victoria Nikiforova

Far from idealizing the Russian army, the Reuters agency described the successful advance of the Russian Armed Forces in the north-east of Ukraine almost in the style of Levitan: "A large contingent of Russian armed forces is advancing in the area of ​​Kupyansk and Liman <...>."
Almost simultaneously, the New York Times quoted the commander of the Nezalezhnaya ground forces, Alexander Syrsky , in its material, who admitted that "enemy units continue to inflict damage with artillery, mortars and aircraft" and demanded to urgently strengthen the defenses of the northeast.

I must say that from the Syrsky side, this is practically a riot, because the Pentagon's cunning plan was to pull all the proxy Cossacks to the southeast and try to break through to the Sea of ​​\u200b\u200bAzov . In the Pentagon, either on purpose or through thoughtlessness, they did not notice that such a maneuver would expose the northeastern sector of the thousand-kilometer front, opening up the widest field of opportunities for the Russian army.

This, in fact, happened, and now a graduate of the Moscow Combined Arms Command School, Syrsky, can complain to the American masters as much as he likes and blame them for their strategic mistakes. There, his claims will be met with cold bewilderment.

It is striking how much the tone of the American media has changed when reporting on the retreat of Ukrainian troops. A year ago, each such communiqué was accompanied by calls to give shells to the Armed Forces of Ukraine and to attack the Russians together. Today there is no such rhetoric at all.

The successes of the Russian troops and the defeat of the Ukrainian ones are dryly stated, the evacuation of the Kupyansky region is noted and there are no “defend Ukraine!”, “We unite around Ukraine!”. The States are merging the Independent in their classic style. More recently, by historical standards, they closed the Afghan case in the same way.

Many coincidences of these stories are striking in their literalness. For example, no one remembers anymore, but the US withdrawal from Afghanistan also took place against the backdrop of a "counterattack." Yes, yes, in October 2020, American proxies went on a "counteroffensive" against the Taliban in the south of the country in the province of Helmand. They even achieved some success, taking as many as five roadblocks. However, the Americans still continued to withdraw their troops, and already in May 2021, the Taliban went on the offensive, ending with the capture of Kabul and the infamous landing gear flights.

In the course of these offensives, retreats and counter-offensives, it quickly became clear that training to NATO standards did not help the Afghan troops in the least. That corruption was going through the roof and while some were dying, others were stealing like crazy. That the American command made all the mistakes that it could, as if on purpose not letting the army drilled by them win and achieving maximum losses on both sides of the front: what was the cost of at least their idea to force the Afghan military to defend only cities, while completely unblocking all the country's highways and freeing them for the Taliban.

In general, everyone blamed each other. In fact, there was only one mistake. Many Afghans believed that Washington was harnessing for them seriously and forever, that the American occupiers would bring them civilization and prosperity. But the invaders did not need it. They needed the Afghans to kill the Afghans - as many as possible and for as long as possible.

In parallel, of course, all sorts of business topics were spinning, one sale of drugs brought in how much money. However, the essence was different: to ruin the country and force the population to mutual extermination. Numerous "mistakes" by American commanders are explained precisely by this - in fact, for them there was no difference between the troops they created and the Taliban.

Well, when it was necessary to switch to a new - Ukrainian - theater of operations, the Americans quickly hit the road across the ocean. The servicemen of the Afghan army fled in all directions, most of them settled in Iran and today live there in poverty, cursing their stupidity.

The flag was lowered at half-mast at the Capitol the other day in mourning for the thirteen American servicemen who died during an enchanting drape from Kabul. Representatives of the American regime uttered the appropriate words on such an occasion. But no one in America has remembered—and will never remember—the hundreds of thousands of Afghan fighters and civilians who died in twenty years of bloody occupation.

Washington planned to turn Ukraine into a second Afghanistan for Russia. Achieve our defeat and surrender of territories, cause indignation in our society, and then - the collapse of the country according to the scenario of the collapse of the USSR . But today everything speaks for the fact that the Independent will become the second Afghanistan for the United States. This is evidenced by the successes of our troops, and domestic scandals around corruption schemes in Ukraine, and the changing rhetoric of the Western media before our eyes.

The experience of countless US wars shows that they chase their proxies like guinea pigs through the same maze. So far, not a single rat has found a way out of it. It is sincerely a pity that this time millions of ordinary Ukrainians allowed themselves to be driven into a trap.

Posted by: badanov || 08/29/2023 00:00 || Comments || Link || [7 views] Top|| File under:

#1  IMO, provoking a war with Russia after that happened in Afghanistan is a comment on Ukrainian intellegence.
There are, however, important differences.
Afghanistan, though brieflyconquered on several occassions was never somebody's colony. Ukraine's been a colony since 1320. And in all that time Ukrainians with ambition & gumption been joining their masters - becoming Lithuanian, then Polish, and finally Russians for the last 300+ years (particulary easy because you don't have to switch religion or language - Ukrainian, as a distinct language [rather than South Russian dialect] was invented in 19th century).
After breakdown of Soviet Union, Ukraine statred bahaving as a typical post-colonial African country - selling the assets build by the departed colonialists at cent for a dollar.
Once they sold everything (for example: the grain in the grain deal you hear so much about, belongs to western companies). They've started looking for a new master - hopping to become like the Baltics.
Fat chance.
Posted by: Grom the Kindly || 08/29/2023 2:40 Comments || Top||

#2  If my short term memory still works, I do remember that Russia moved the huge grain stockpiles from the captured areas into Russia itself, then announced a spectacular increase in their own domestic grain production during 2022. Amazing how that works.

Now the Russians are trying to cripple any grain storage and shipping facilities left in Ukraine.
Posted by: Mullah Richard || 08/29/2023 7:18 Comments || Top||

#3  ^Source?
Posted by: Grom the Reflective || 08/29/2023 7:28 Comments || Top||

#4  Stolen grain news sources (there are more, but these are just a few I found quickly)
https://www.bbc.com/news/61790625

https://www.pbs.org/wgbh/frontline/article/russia-smuggling-ukraine-grain-putin-war/
Posted by: Mullah Richard || 08/29/2023 8:23 Comments || Top||

#5  Record 2022 Harvest:
https://www.barrons.com/news/putin-expects-record-150-million-tonne-grain-harvest-in-2022-01664276107
Posted by: Mullah Richard || 08/29/2023 8:23 Comments || Top||

#6  And the recent bombings of Odesa, Chornomorsk and Mykolaiv ports you might even remember.
Posted by: Mullah Richard || 08/29/2023 8:25 Comments || Top||

#7  #4 So, nothing but Ukrainian claims - like the numerous defeats they claim to have've inflicted on Russia (I wonder if somebody keeps the accurate stats on Ukra claims - would hate future historians tearing each other beards arguing whether Ukrainian claims sums to externinating the Russian millitary 2 or 3 times).
Posted by: Grom the Reflective || 08/29/2023 9:04 Comments || Top||

#8  And I'm sure, just like the forcible removal of people and children from Ukraine, it was all about keeping the removed grain 'safe'.
Posted by: Mullah Richard || 08/29/2023 9:05 Comments || Top||

#9  #5 Obviously it's uncoinceivable that primitive Russkies (unlike civilized, westernized, freedom-loving Ukrainians) have a record harvest.

TheWorld’s Top Wheat Exporters In 2021
Posted by: Grom the Reflective || 08/29/2023 9:10 Comments || Top||

#10  Stolen grains. Stolen farm equipment. Stolen coal. Stolen iron ore. Stolen steel. Stolen factories. Stolen vehicles. Stolen merchandise. Stolen TVs. Stolen appliances. Stolen toilets. Stolen children.,The list items not stolen by Russians is much shorter.
Posted by: Enver Slager8035 || 08/29/2023 9:11 Comments || Top||


#12  #8 Look who's the author.
For your information. Before the war, there were 4 million Ukrainians living in Russia (and, unlike the Nisei, they're not in concentration camps now). Now, there are 5. Big deal.
Posted by: Grom the Reflective || 08/29/2023 9:18 Comments || Top||

#13  “You can sway a thousand men by appealing to their prejudices quicker than you can convince one man by logic.”

— Robert A. Heinlein
Posted by: Grom the Reflective || 08/29/2023 9:24 Comments || Top||

#14  Re #9 - Russia has about 300,500,000 arable acres vs. Ukraine's 81,300,000, so I would expect them to produce somewhat more.
Posted by: Mullah Richard || 08/29/2023 9:25 Comments || Top||

#15  Re #13 - Mr. Heinlein was correct.
Posted by: Mullah Richard || 08/29/2023 9:26 Comments || Top||

#16  I see we have another Putin parrot. Get your pay up front...
Posted by: Nero || 08/29/2023 10:05 Comments || Top||

#17  ^Let me guess, you chose your nym because you admine emperor Nero's intellectual acievements?
Posted by: Grom the Reflective || 08/29/2023 10:10 Comments || Top||

#18  I wonder if somebody keeps the accurate stats...

We can't even count the COVID dead.

Stolen grains. Stolen farm equipment. Stolen coal...stolen Uranium?
Posted by: Skidmark || 08/29/2023 10:13 Comments || Top||

#19  Back to my #14, the US has about 390,000,000 acres of arable land, so it should be the top grain exporter in the world.

Instead, a huge portion of that grain goes into producing fuel additives for vehicles, thereby saving the snail darter or something.
Posted by: Mullah Richard || 08/29/2023 10:16 Comments || Top||

#20  #19 Instead, a huge portion of that grain goes into producing fuel additives for vehicles, thereby saving the snail darter or something fixing the Iowa caucus votes.

FTFY.
Posted by: Nero || 08/29/2023 10:23 Comments || Top||

#21  ^^^ ding ding ding!
Posted by: NoMoreBS || 08/29/2023 13:41 Comments || Top||


Economy
Zillow is a full-blown housing market bull‐predicting that U.S. home prices will jump 6.5% by July 2024.
[Instapundit] Back in February, Zillow’s housing economists made a bold call that U.S. home prices had bottomed and would proceed to climb 0.5% over the next 12 months.

In the months preceding that call, U.S. home prices as tracked by the Zillow Home Value Index not only began to climb again but also reached a new all-time high. This uptick was propelled by the tailwind generated from tight inventory levels, which proved strong enough to overpower the headwind caused by the mortgage rate shock.

That U.S. house price rebound coincided with Zillow repeatedly revising its home price forecast upward. Its latest revision, Zillow predicts that U.S. home prices will rise 6.5% between July 2023 and July 2024—up from the 6.3% call it made last month.

That’s nice if you’re already a homeowner. Less nice if you’re just starting out and looking to buy your first home.
Posted by: Besoeker || 08/29/2023 00:00 || Comments || Link || [8 views] Top|| File under:

#1  I wonder if people are jumping onto the bandwagon about housing construction because of Warren Buffett's/Berkshire Hathaway's recent buys of homebuilder stocks. Tickers DHI & LEN come to mind, there are is at least one other. So, Zillow has its motives.
Posted by: DooDahMan || 08/29/2023 0:04 Comments || Top||

#2  With inflation I would say yes, housing prices will jump, but will there be people able to buy them? If not, stagflation is an entrenched thing at that point.
Posted by: DarthVader || 08/29/2023 0:09 Comments || Top||

#3  Not everyone will be able to own their own home. The government will provide suitable housing.
Posted by: Besoeker || 08/29/2023 6:43 Comments || Top||

#4  Who in their right mind with a mortgage locked in at 3-4% would sell their current home (ceteris paribus) only to face higher prices and higher mortgage rates?
Posted by: DooDahMan || 08/29/2023 7:21 Comments || Top||

#5  Yeah. Zillow had that Mar-a-lago deal covered like white on rice.
Posted by: M. Murcek || 08/29/2023 7:51 Comments || Top||

#6  #4 Who in their right mind with a mortgage locked in at 3-4% would sell their current home (ceteris paribus) only to face higher prices and higher mortgage rates?
Posted by: DooDahMan 2023-08-29 07:21


...DDM,

Exactly. We got our place at just the right time in 09, at 4.2% on a GI Loan. It may be small and a little scruffy, but it ain't going anywhere.

Mike
Posted by: MikeKozlowski || 08/29/2023 8:19 Comments || Top||

#7  Something to be said for selling big and buying again small.
Posted by: Besoeker || 08/29/2023 8:47 Comments || Top||

#8  Zillow is in the business of 'ra-ra'ing home sales, their profits depend on people believing in it.
Home prices will go up, but that's going to be inflation at work.
I myself bought my final house a year ago. Wasn't pleased with the interest rate, but rates have caught up so I'm happy.
And yes I bought smaller.
Posted by: ed in texas || 08/29/2023 9:04 Comments || Top||

#9  I bought my final house 4 years ago. The price estimate for selling it has gone up, BUT, since we paid cash there's no mortgage and we love it here.
So, to us personally it's all moot.
Posted by: AlanC || 08/29/2023 11:00 Comments || Top||

#10  My home value will likely go up on paper so that my municipality can sock me with higher taxes. I don’t have enough equity for it to make sense to cash out and downsize. If I did my mortgage payment might actually stay the same due to the delta in interest rates. The two drivers for housing prices going up will be inflation and open borders. It may be worth filling my garage with sheets of plywood and sheet rock as an investment. Zillow might be right, but it is not likely to be a good thing. A college kid today needs to set their eyes on a trailer, can or yurt.
Posted by: Super Hose || 08/29/2023 11:41 Comments || Top||

#11  Nothing compares with having no mortgage!. It makes your standard of living improve becasue you have 20-30% more disposable income each month, and a bedrock of equity should catastrophe occur. My only rent is the $459 per month "rent" I pay in property taxes.
Posted by: NoMoreBS || 08/29/2023 13:36 Comments || Top||

#12  Just wait till your next home insurance bill (based upon the estimated value via Zillow).
Posted by: Procopius2k || 08/29/2023 15:40 Comments || Top||


Feed base of market predators. How bulls and bears inflate hamsters
Direct Translation via Google Translate. Edited.

by Dmitry Baranov
Warren Buffett once said, "If you don't find a way to make money while you sleep, you'll work until you die." This idea has firmly settled in the minds of many Russians, and the stories of the financial success of ordinary hard workers, popping up every now and then on the Internet, literally turn their heads.

For example, from May 2019 to November 2021, Tesla shares rose almost 3,000%. In other words, if you invested 10,000 rubles before the pandemic, more than 300,000 rubles could be withdrawn from the stock exchange before the new year 2022. Astronomical profitability with minimal investment. It looks like a fairy tale, but nevertheless the case is real.

This story, like many others similar, motivates you to play on the stock exchange and think: where to get ideas, where to invest? At the same time, it is advisable not to wait a year and a half, when the shares will bring astronomical profits, and it is better to earn in rubles - under the conditions of sanctions, this is a reasonable plan. And there are kind people who are ready to show investors a bright path. The colossal size of the domestic stock market is simply created so that, as in real politics, influence groups are created, price wars go on and undercover games unfold.

The number of Russians with brokerage accounts on the Moscow Exchange exceeded 25 million people, their total portfolio reached 7 trillion rubles. And just recently, on August 14, an absolute record was set in the entire history of exchange trading in Russia: more than one and a half million people made transactions in one trading day.

It is unlikely that all of them pored over quotes, studied company reports, understood the intricacies of technical analysis and other important but boring things. In the context of digitalization, the game on the stock exchange has turned from work into a game like the well-known “walkers” and “shooters”. The decision both there and there must be made quickly.

Therefore, the distribution of expert assistants from social media, primarily telegram channels, has become a natural phenomenon. New media is a key source for new investors. Taking into account the rejuvenation of the exchange audience, the appetite for risk among private investors is growing. Sharing your knowledge about investing is easy, offering your strategy is also easy. Paid training courses and subscription investor channels have proliferated unbelievably.

For example, one of the most famous investors in the country has a free channel with 77 thousand subscribers, in addition, he has a paid channel for almost four thousand a month with sell-buy advice, and there are more than 10 thousand subscribers. There is an interesting channel of women investors, where the number of subscribers is approaching five thousand. In total, according to analysts, the number of subscribers of leading financial bloggers reaches several million people.

That is, social networks are a huge investment force with leaders. Few of them are known by face or by name. But they have enormous power in their hands: they can disperse certain papers up or drop them down.

For example - and this is official information - in 2022, facts of manipulation using telegram channels with the prices of shares of Rosseti Yug, Permenergosbyt and Saratovenergo were revealed. Bulls and bears have earned, and hamsters have been fooled. Hamsters are just called inexperienced investors with small portfolios. They are the main food base of market predators.

In general, amazing things can happen in the market. For example, a sudden increase in shares of the second and third echelon by tens of percent per day (and this is a thousand per annum, by the way) without any significant news and events. 40% - the maximum possible growth of quotes per day - this is the exchange limit. Of course, it happens that there are objective reasons for the sharp growth of shares, but it happens that there are no grounds for an abnormal growth in the value of shares. And even the market gurus shrug their shoulders, not understanding how they overlooked a good deal.

For example, a wave of pumps, that is, the dispersal of not the most liquid shares, was recorded in the fall of 2022: the shares of Obuv Rossii, against the backdrop of rumors that an agreement had been reached with a creditor, made +280% in less than a month (from 3.9 rubles per share to 14.3 at the moment). A similar picture occurred with the papers "Volgograd Energosbyt-p", "Don Plant of Radio Components" and others.

Further, as in the movie "The Wolf of Wall Street." The task of the hero DiCaprio is to buy "junk" shares cheaper, disperse them in price and sell them, earning on the difference. Shares are falling, there is, as they say on the stock exchange, a dump. To whom to sell? Of course, hamsters are simple dreamers of a big income. The only difference between the film and Russian reality is that the phone as a means of manipulation has given way to instant messengers and social media.

It would be wrong to say that all financial bloggers are manipulators. But the recommendation of a really authoritative person can move the papers well. For example, the price chart for the shares of one of the aviation companies during one August week resembled the teeth of a comb: sharp fluctuations literally within one day. Someone skimmed the cream well. And someone remained with losses. And so several times. Manipulation? Not proven. Let's just say: competent investment recommendations. At the same time, on several telegram channels that are not formally related to themselves.

The line between an investment recommendation and manipulation is not always clear for an inexperienced investor. And judging by the statistics, such a trading participant is often used for pump and dump. People's investors with a portfolio from 10 to 100 thousand rubles (and such 90%), as a rule, show the worst, “negative returns”. In fairness, it should be noted that the reasons for failures are not always in blind faith in the gurus from the Internet. Investors do not benefit from an independent irrational choice of financial instruments, and the lack of diversification of investments.

How to invest without risk? Simple answer: no way. Investments without risk are impossible, especially in the face of restrictions and sanctions pressure. Everyone who promises the opposite (and they promise!), Are just scammers.

The trouble is that there is no official register of financial bloggers, and, by and large, there cannot be. Therefore, the choice of an adviser is the personal responsibility of each investor. Often in this capacity are brokers offering investment ideas. For a novice investor, this is a worthy path. Brokers openly say what percentage of ideas worked: 70-80% is a good indicator. Actually, responsible bloggers also keep statistics, not being afraid to show that they are wrong.

International studies say that the influence of social media on the investment behavior of citizens will only grow. Russia will not be lagging behind here. And while there are no explicit regulatory measures regarding information "from bloggers", you will have to filter their ideas on your own. I would like to hope that the old call to "study, study and study" will turn hamsters into bulls or bears. In any case, they will cease to be a food base.

Posted by: badanov || 08/29/2023 00:00 || Comments || Link || [7 views] Top|| File under:


Europe
Germany is losing it's MOJO. Finding it again won't be easy
[WSJ] Europe's biggest economy is sliding into stagnation, and a weakening political system is struggling to find an answer"

" . . . Germany will be the world’s only major economy to contract in 2023, with even sanctioned Russia experiencing growth, according to the International Monetary Fund. . . . "

" . . . Years of skimping on public investment have led to fraying infrastructure, an increasingly mediocre education system and poor high-speed internet and mobile-phone connectivity compared with other advanced economies.

Germany's once efficient trains have become a byword for lateness. The public administration's continued reliance on fax machines became a national joke. Even the national soccer teams are being routinely beaten. . . ."

" . . . Germany still has many strengths. Its deep reservoir of technical and engineering know-how and its specialty in capital goods still put it in a position to profit from future growth in many emerging economies. Its labor-market reforms have greatly improved the share of the population that has a job. The national debt is lower than that of most of its peers and financial markets view its bonds as among the world's safest assets. . . ."

" . . . One recent law required all German manufacturers to vouch for the environment, legal and ethical credentials of every component's supplier, requiring even smaller companies to perform due diligence on many foreign firms, often based overseas, such as in China.

Näder said his company must now scrutinize thousands of business partners, from software developers to makers of tiny metal screws, to comply with regulation. Ottobock decided to open its latest factory in Bulgaria instead of Germany. . . ."
Posted by: Besoeker || 08/29/2023 06:35 || Comments || Link || [9 views] Top|| File under:

#1  And then, cheap russian gas stopped.
Posted by: Grom the Kindly || 08/29/2023 6:52 Comments || Top||

#2  It started sometime after they absorb East Germany.
Posted by: Procopius2k || 08/29/2023 7:16 Comments || Top||

#3  The German way...
Posted by: M. Murcek || 08/29/2023 7:55 Comments || Top||

#4  Maybe accepting millions of third worlders and deciding that they're all now germans was perhaps dubious logic.
Posted by: ed in texas || 08/29/2023 8:54 Comments || Top||

#5  Germany has been going downhill for a while, especially with its demographics. It is running out of workers and has too many old pensioners. Now on top of that globalization and the previous customers, especially China, are in the same boat and not buying anymore.

The Ukraine war with the loss of cheap Russian gas just put the roller skates on it and gave it a good push towards the cliff.
Posted by: DarthVader || 08/29/2023 10:23 Comments || Top||

#6  In general, a higher population results in a higher GDP, but absorbing an endless cadre of unassimilated poor folks that have no skills is not a rational plan to achieve those desired results. It’s an especially bad plan if the new folks don’t plan to work. That plan seems to have been implemented in most Western countries.
Posted by: Super Hose || 08/29/2023 11:24 Comments || Top||


Government Corruption
If Democrats Criminalize Opposition And Cripple The Court, Democracy Is Dead
[Federalist] Democrats are seeking to land a one-two punch to cement their control of America today and for generations to come: Criminalize the political opposition and cripple the last authority to which the opposition might appeal in defense of its rights.

This is one way to understand two running lines of attack that may appear independent but are inextricably intertwined.

Criminalizing the Opposition

The first consists of the unprecedented, Soviet show trial-style "show me the man and I’ll show you the crime" "cases" conjured up against Donald Trump and two dozen others in his orbit, chiefly including his lawyers. The zealous prosecutors have many motives for torturing laws to hang them around the neck of the former president and GOP front-runner in the middle of a campaign — a frivolous and vengeful prosecutorial effort pursued arguably in violation of laws, norms, and core principles of justice.

While turning the First and Sixth Amendments into dead letters, these cases also effectively criminalize the seeking of office of anyone who might hold unauthorized views, the Republican contesting of elections or questioning of election integrity, and such Republicans’ legal defense.

"You can go to jail if you disagree with us, and particularly if you threaten our power and privilege," our betters are saying through their chilling lawfare jihad. The point is that if Americans cannot be trusted to choose leaders within a narrow set of regime-approved bounds, the regime will have to force them upon us by hook or by crook. Locking up the opposition has always been a potential endgame for the ruling class in its war on wrongthink.

Jan. 6, 2021, was the beginning of that endgame. It served as a pretext to accelerate the war, as predicted at the time. It was also used to justify treating rioters with the "wrong" views not as everyday Americans-turned-petty criminals in a political protest that got out of hand, but as domestic terrorists.
Posted by: Besoeker || 08/29/2023 06:31 || Comments || Link || [8 views] Top|| File under:

#1  "If democrats criminalize...."

If ?
Posted by: Besoeker || 08/29/2023 6:38 Comments || Top||

#2  Someone a long time ago said that once an electorate can vote themselves money, democracy was doomed also.
Posted by: Mullah Richard || 08/29/2023 7:09 Comments || Top||

#3  It's been an oligarchy for decades. Interesting people are just now figuring that out.
Posted by: Procopius2k || 08/29/2023 7:15 Comments || Top||

#4  The system has definitely been hijacked. Unfortunately, for the Uniparty stooges, the scam requires a majority of the people to believe that the system is not rigged. They Dems hold power in the cities and some liberal suburbs, but there is growing dissatisfaction with their program among city dwellers. The establishment RNC folks are discovering that their voters are getting wise and pissed. I don’t think the tables will turn; I expect that they will turn over within the next several months.

I am not sure what the uprising will look like or what the catalyst will end up being. Will they take a pot shot at Trump or will they attempt mandates and lockdowns. Will info spill on Maui. I am not sure. I see the NH Secretary of State backed down quick. That I declares to me that folks have had enough.
Posted by: Super Hose || 08/29/2023 9:26 Comments || Top||

#5  It's been an oligarchy for decades. Interesting people are just now figuring that out.

It was an oligarchy, it's a secular Theocracy now (and I don't mean just USA).
Posted by: Grom the Reflective || 08/29/2023 9:32 Comments || Top||

#6  Done. Next.
Posted by: Angstrom || 08/29/2023 12:31 Comments || Top||

#7  Funeral was last week, sorry you missed it.
Posted by: jefe101 || 08/29/2023 14:10 Comments || Top||

#8  Too late there, Federalist. Here's some cookies.
Posted by: Rex Mundi || 08/29/2023 16:06 Comments || Top||


Science & Technology
Please DON'T Trust Worldcoin...
Posted by: badanov || 08/29/2023 00:00 || Comments || Link || [8 views] Top|| File under:



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Two weeks of WOT
Tue 2023-08-29
  Sudan: Army chief Abdel Fattah al-Burhan denies deal with RSF, flees to Port Sudan
Mon 2023-08-28
  Pakistani doctor jailed for 18 years in US for attempting to help Daesh
Sun 2023-08-27
  Authorities find record-breaking 9.5 tons of cocaine in banana shipment meant to go to 30 drug rings
Sat 2023-08-26
  Libya: Islamic State big turban captured
Fri 2023-08-25
  Over 41 Terrorists, Commanders Killed As Boko Haram, ISWAP Shoot It Out Again In Borno
Thu 2023-08-24
  Niger Coup: Suspected terrorists shoot Ghanaian driver at Burkina Faso border, burn several trucks
Wed 2023-08-23
  Prigozhin Dead?
Tue 2023-08-22
   Iranian drones and speedboats swarm two US warships with 4,000 troops on board in Persian Gulf
Mon 2023-08-21
  Hundreds of Wagner Group forces arrive to support Niger
Sun 2023-08-20
  ISWAP Terrorists Reportedly Challenge Rival Boko Haram To Gunfight In Sambisa Forest, 100+ toes up
Sat 2023-08-19
  W.Africa Military Chiefs Prepare Possible Niger Mission
Fri 2023-08-18
  Gunmen kill 31 civilians in Niger
Thu 2023-08-17
  IRGC brings military reinforcements in Syria’s Homs, Deir ez-Zor
Wed 2023-08-16
  Hundreds of migrants arrive on Italian island of Lampedusa
Tue 2023-08-15
   Philadelphia teen charged with plotting potentially 'catastrophic terrorist attack'


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