Individual Economists

MAGA Hats Top Amazon Best Sellers List 

Zero Hedge -

MAGA Hats Top Amazon Best Sellers List 

The latest data from Amazon reveals that 'Make America Great Again' baseball caps are among the hottest and best-selling new releases in the e-commerce giant's 'Sports-Specific Clothing' section. This follows President-elect Donald Trump's historic victory last week and suggests that previously closet supporters are now showing their support very overtly. 

MAGA hats ranked number 2, 3, 14, 25, and 31 on the hottest new releases in the Sports-Specific Clothing section. 

More specifically, in the 'Baseball' subsection of the Sports-Specific Clothing section, nearly every best-selling hat was MAGA-related. 

There are identical trends in the 'Golf' subsection. 

MAGA hats even reigned supreme among customers in the Women's Golf subsection. 

The takeaway here is that Trump's victory, driven by his broad support across all races, sexes, social classes, and ethnicities—essentially everyday Americans who reject the so-called 'woke mind virus'—reflects a major political realignment and ushers in a new era in American politics, in which folks are openly expressing their love for patriotism, traditionalism, and displeasement of Marxism.  

Tyler Durden Sat, 11/16/2024 - 11:05

Trump Will Bring Justice, Not Revenge

Zero Hedge -

Trump Will Bring Justice, Not Revenge

Authored by James Rickards via DailyReckoning.com,

The persecution and prosecution of President Donald Trump is finally winding down.

Jack Smith, a primary player in the lawfare campaign against Trump, has filed to dismiss the case involving classified documents at Mar-a-Lago. Rep. Jim Jordan has instructed Special Counsel Smith to preserve all records related to the cases.

The Deep State tried everything to make Trump lose. In total, 91 frivolous felony charges were thrown at the former president. All so they could brand him a felon, tie up resources and prevent him from campaigning.

Then there was the January 6th “insurrection”, multiple Russian collusion hoaxes and countless media lies.

The Deep State even prosecuted his advisers, such as 75-year-old famed economist Peter Navarro, who was the first former White House official ever imprisoned on a contempt-of-court charge. This dignified gentleman was frog-marched into prison as part of a political persecution campaign.

The entire affair was a disgrace to the nation.

On Election Day, Americans rejected this vile lawfare.

And soon, it will be time for justice. With GOP control over both sides of the Congress and a near-landslide win, Trump has a mandate from the American people to pursue it aggressively.

Truth and Reconciliation Commission

President Trump has not been shy about his intentions, stating, “The departments and agencies that have been weaponized will be completely overhauled.”

On day one, he promised to reissue his executive order allowing the President to remove “rogue bureaucrats” from their positions. Trump promised to “wield that power very aggressively” against the Deep State.

Our once and future President even promised to establish a “Truth and Reconciliation Commission”, opening the books on issues including the JFK assassination, illicit spying, and government corruption. I can’t wait to see what it uncovers.

Trump’s recent speech was packed full of details on how he plans to drain the swamp. He starts strong and keeps going:

This is how I will shatter the Deep State and restore government that is controlled by the people and for the people…

Make every Inspector General’s office independent and physically separated from the departments they oversee so they do not become the protectors of the Deep State…

Launch a major crackdown on government leakers who collude with the fake news to deliberately create false narratives and to subvert our government and our democracy…

Clean out all of the corrupt actors in our national security and intelligence apparatus…

Push a constitutional amendment to oppose term limits on members of Congress.

“Shatter the Deep State”.

No ambiguity there...

Some will call what is coming revenge. But this will not be revenge. It will be justice. The distinction is important.

I would fully support justice here if the shoe was on the other foot, and the GOP were the offending party.

This type of behavior simply cannot stand. It undermines and corrupts the entire system. Re-establishing a just and fair government is critical.

It will be difficult, but I believe Trump will succeed this time. He has learned from the mistakes of his first term. Trump has the right people around today.

He has already rejected the idea of inviting Nikki Haley or Mike Pompeo to join the new administration. This is an excellent sign of things to come.

Given the mandate, the appointment of Attorney General will be particularly important. I have my eye on Mike Davis. He is the exact type of person this position calls for. Tough as nails, fair, and dedicated to cleaning up the system. I’ve met the man, and he’s just the type of person required for this job.

The stage is set for a historic draining of the swamp. Of course, there is still the potential for last-minute desperation moves by the Democrats, including their plan to disqualify Trump using the “insurrection clause”. But given my prediction that Congress will be controlled by Republicans, I think we’ll be in the clear in that department.

Tyler Durden Sat, 11/16/2024 - 10:30

Bullet Strikes "Near Cockpit" Of Taxiing Southwest Boeing 737 At Dallas Airport

Zero Hedge -

Bullet Strikes "Near Cockpit" Of Taxiing Southwest Boeing 737 At Dallas Airport

The Federal Aviation Administration released a statement late Friday night regarding an alarming incident at Dallas Love Field Airport, where Southwest Airlines Flight 2494 was struck by gunfire near the cockpit while taxiing to the runway.

"While taxiing for takeoff at Dallas Love Field Airport, Southwest Airlines Flight 2494 was reportedly struck by gunfire near the cockpit around 8:30 p.m. local time on Friday, Nov. 15. The Boeing 737-800 returned to the gate, where passengers deplaned," the FAA said.

The FAA continued, "The flight was headed to Indianapolis International Airport. Contact local authorities and airport security for more on the investigation." 

Here's a statement from the airport:

Earlier this week, three commercial jets, each operated by American Airlines, JetBlue, and Spirit Airlines, were struck by gunfire near the airport in Port-au-Prince as the Caribbean nation of Haiti implodes into further violence. 

Tyler Durden Sat, 11/16/2024 - 09:55

Gazprom Cuts Gas To Austria Off, Just In Time For Winter

Zero Hedge -

Gazprom Cuts Gas To Austria Off, Just In Time For Winter

Authored by Julianne Geiger via OilPrice.com,

Russia’s Gazprom PJSC has decided to play its favorite game: pipeline politics.

Starting November 16, Austria is off the guest list for Russian natural gas, following a €230 million ($242 million) arbitration spat between Gazprom and Austria’s OMV AG. OMV, refusing to let that cash slip away, decided to withhold payments to Gazprom.

As one might have guessed, that ended poorly.

Unsurprisingly, European gas prices didn’t take the news well. Futures climbed 2.7% to €47.49 per megawatt-hour, as traders braced for yet another disruption in a continent that’s seen enough energy drama already.

Europe’s gas supply has been teetering on a knife’s edge since the 2022 energy crisis, with any whiff of trouble sending markets into a frenzy.

To OMV’s credit, they’re keeping calm and carrying on.

The company has proffered assurances that it will still be able to meet supply obligations through “alternative sources”—clear evidence that Europe’s increasingly interconnected gas network means that Austria is no longer entirely at Gazprom’s mercy.

Still, the timing stings, with winter breathing down Europe’s neck.

Even the mere hint of a supply squeeze has governments nervous about heating bills and energy security.

Gazprom’s move is a reminder of Russia’s waning-but-still-potent energy influence in Europe. Sure, the continent has spent the last two years diversifying its energy sources—snapping up LNG cargos and tapping alternative pipelines—but Gazprom’s ability to cause a stir is alive and well.

As Europe’s heating season kicks off, this spat between Gazprom and OMV highlights just how fragile the energy landscape remains.

If nothing else, it’s a timely reminder for Europe to keep working on those contingency plans—and maybe stockpile a few extra blankets. Winter is here, and with it, more geopolitical games.

The news comes as Gazprom raised in October its 2024 investment plans by 4% to $16.9 billion, and as Europe’s benchmark natural gas prices surged on Thursday to the highest levels since last November.

Tyler Durden Sat, 11/16/2024 - 09:20

"You're Deifying Scientists": Climate-Change Debate 'Heats Up' With Collum, Keen, Fleckenstein

Zero Hedge -

"You're Deifying Scientists": Climate-Change Debate 'Heats Up' With Collum, Keen, Fleckenstein

While most climate scientists like Andrew Dessler of Texas A&M think debate is a bad idea…

We disagree. And thankfully so do our guests.

Steve Keen, while primarily an economist, is well-versed in the research and a firm believer in the danger climate change poses. Dave Collum, chemistry professor at Cornell, believes much of the science to be bogus. Legendary short-seller Bill Fleckenstein was kind enough to shepard them along.

We hope you enjoy and that you give both Keen and Collum a fair shake:

For those short on time, here were the highlights:

Poking holes in the ‘narrative’

Things heated up when Collum unleashed a flurry of charts documenting trends that run counter to what we hear from most climate alarmists: Today, we actually see fewer hurricanes, tornadoes, heat waves, and forest fires than decades past.

Collum: “There's no obvious change in the frequency of global hurricanes back to 1980… Back to 1990, it actually has a distinct downward trend… Here's one that goes back to 1960. These are violent tornadoes. Again, downward trend.”

“Climate change could be roaring but the naked eye can't see it.”

“Potentially Suicidal”

Natural disasters aside, Keen brought his own charts showing the recent and rapid ascent of global temperature. If accurate, the rise in temperature in the last 150 years when viewed on an axis of millions of years is staggering.

Keen:That's the real danger of climate change. We've built [civilization] in a stable period of the climate. We're destroying that stability and thinking we can still have the social system we've designed… I just don't think that's true.”

Keen's sources provided below:

Judd, E. J., J. E. Tierney, D. J. Lunt, I. P. Montañez, B. T. Huber, S. L. Wing and P. J. Valdes (2024). "A 485-million-year history of Earth’s surface temperature." Science 385(6715): eadk3705. https://www.science.org/doi/abs/10.1126/science.adk3705

Scotese, C. R., H. Song, B. J. W. Mills and D. G. Van Der Meer (2021). "Phanerozoic paleotemperatures: The earth’s changing climate during the last 540 million years." Earth-Science Reviews 215: 103503. https://dx.doi.org/10.1016/j.earscirev.2021.103503

Green New Deal?

Assuming humanity put all its resources and minds together to avert the Earth’s heating… can it be done? Fleckenstein asked our distinguished guests whether they would support a “Green New Deal” (massive public spending effort to combat climate change): 

Collum: “My dad taught me this: Never ask the government to spend your money. They'll do a terrible job.”

“If we were serious about climate change…  They should never put guys like John Kerry in charge as Climate Czar.”

“Steve's enthusiastic about intervening as scientists. But here's the question I have is who is going to make these tough calls? Who has the right to sign off the informed consent to say we are going to cover the world with a blanket of particles to block the sun?

Keen argued that — while governments are inefficient — we do not have a choice.

Keen: “I'll go on record on saying that if we continue down the trends we're doing right now… we're going to destroy civilization before 2050.”

Tyler Durden Sat, 11/16/2024 - 08:45

French Court Orders Release Of Lebanese Man Convicted Of Killing US & Israeli Diplomats In 1980s

Zero Hedge -

French Court Orders Release Of Lebanese Man Convicted Of Killing US & Israeli Diplomats In 1980s

Via Middle East Eye

A French court on Friday ordered the release of Lebanese pro-Palestine activist Georges Ibrahim Abdallah, Europe's longest-held political prisoner, after 40 years in prison.

Abdallah, a former guerrilla with the Popular Front for the Liberation of Palestine (PFLP), was sentenced to life in prison in 1987 for his alleged involvement in the 1982 murders of US military attache Charles Robert Ray and Israeli diplomat Yacov Barsimantov.

Lebanese political prisoner Georges Ibrahim Abdallah sits in court during his trial in Lyon, France, in July 1986, via AFP

The 73-year-old has appealed his conviction 11 times since becoming eligible for release in 1999. The court said the communist activist would be released on December 6 on the condition that he leaves France and does not return, French anti-terror prosecutors said in a statement to AFP.

The prosecutors said they would appeal the court's decision, leaving the timing of Abdallah’s release uncertain.

The Lebanese activist, born to a Christian family in the northern village of Koubayat, has long maintained that he was not a "criminal" but "a fighter" who battled for the rights of Palestinians. 

"The path I followed was dictated by the human rights violations perpetrated against Palestine," he told the judges during his latest appeal for release.

Wounded in 1978 during Israel's invasion of Lebanon, Abdallah, a secondary school teacher, joined the Marxist-Leninist PFLP, which carried out a series of plane hijackings during the 1960s and 1970s.

A year later, Abdallah, along with his brothers and cousins, founded his own pro-Palestine armed group, the Lebanese Armed Revolutionary Factions (LARF). The group had contact with other far-left armed outfits, including France's Action Directe, Italy's Red Brigades and the German Red Army Faction (RAF).

The Lebanese anti-Israeli Marxist group claimed responsibility for five attacks, including four in France in 1981 and 1982.

'Honor of being accused'

In 1986, Abdallah was sentenced in Lyon to four years in prison for criminal association and possession of weapons and explosives. He was tried the following year for complicity in the assassination of Ray and Barsimantov, as well as for the attempted assassination of a third American diplomat in 1984.

In the murder trial, one of the French secret services' sources was Abdallah's lawyer, Jean-Paul Mazurier, who later revealed that he was an intelligence agent.

In court, Abdallah denied the accusation but declared: "If the people did not entrust me with the honor of participating in these anti-imperialist actions that you attribute to me, at least I have the honor of being accused of them."

Abdallah was then sentenced to life in prison, a far more severe punishment than the 10-year sentence sought by the attorney general. His lawyer, Jacques Verges, who previously defended clients such as Venezuelan militant Carlos the Jackal, saw the verdict as "a declaration of war".

A support committee was immediately formed, demanding Abdallah's "immediate release". The longest-serving prisoner in France has never expressed regret for his actions.

"He is doing well intellectually. He is an activist. He sticks to his guns, reads a lot and keeps himself very informed about what is happening in the Middle East. People write to him from all over the world," his lawyer, Jean-Louis Chalanset, told AFP in 2022.

'A political victory'

"I am the victim of a political decision," Abdallah said shortly before the verdict on Friday.

Washington has consistently opposed Abdallah's release, while Lebanese authorities have repeatedly called for his freedom.

A more recent photo of Georges Ibrahim Abdallah

Since 1999, the year he became eligible for release, all his parole requests have been rejected except one in 2013, when he was granted release on the condition that he be expelled from France.

When his request was granted that year, then-US Secretary of State Hillary Clinton contacted French Foreign Minister Laurent Fabius, saying in diplomatic cables revealed by WikiLeaks: "Although the French government has no legal authority to overturn the Court of Appeal's decision, we hope French officials might find another basis to challenge the decision's legality."

French Interior Minister Manuel Valls then refused to proceed with the order and Abdallah remained in jail. 

Chalanset told AFP that the court's decision on Friday is not contingent on the government issuing such an order, calling it "a legal and a political victory". However, under French law, an appeal can suspend the court's decision, effectively deferring its execution.

Over the years, Abdallah's fate has mobilized activists close to the French Communist Party and the far left, who have accused successive governments of employing relentless tactics regarding the political prisoner's release.

Several communist municipalities have even made him an honorary citizen, and protests have frequently been held outside his prison in Lannemezan, in southwestern France. "Georges Ibrahim Abdallah is the victim of a state justice that shames France," Nobel Prize-winning author Annie Ernaux said in a piece in the communist daily L'Humanite last month.

The Human Rights League, a leading French human rights NGO, has long maintained that Abdallah’s continued imprisonment violates human rights.

Tyler Durden Sat, 11/16/2024 - 07:35

Germany: Police Raid Pensioner's House, Drag Him To Court After He Retweets Meme Calling Green Minister "Idiot"

Zero Hedge -

Germany: Police Raid Pensioner's House, Drag Him To Court After He Retweets Meme Calling Green Minister "Idiot"

By Remix News

After a 64-year-old pensioner retweeted a meme of Green Economy Minister Robert Habeck, in which Habeck was described as an “idiot,” Bavarian police raided the man’s house and arrested him. The crime has even been recorded as a “politically motivated right-wing crime.”

The man is accused of distributing a photo of Habeck via retweet, where Habeck is described as an “idiot.” The Bamberg prosecutor’s office indicates that this constitutes a federal criminal offense of “hatred.”

“At a time that cannot currently be specified in more detail in the days or weeks before June 20, 2024, the accused published an image file using the account that shows a portrait of Federal Minister of Economics Robert Habeck with the title ‘Schwachkopf PROFESSIONAL’, based on the advertising campaign of the Schwarzkopf company, in order to generally defame Robert Habeck and to make it more difficult for him to work as a member of the federal government,” read the prosecutor’s statement.

Schwachkopf generally means “idiot,” in German.

The rival Alternative for Germany (AfD) party has reposted the meme on X, writing in a statement:

“While Habeck presents himself as a ‘people-friendly’ candidate for chancellor, his critics are being relentlessly pursued. They do not shy away from conducting house searches on sleeping families just because the father of the family shared this Schwachkopf graphic. This is what would happen to Germany under a Chancellor Habeck: the complete restriction of freedom of expression by a children’s book author who displayed maximum incompetence for three and a half years, but still feels called to greater things,” wrote the AfD.

The person who was arrested told the NIUS news outlet that he could never have imagined “that it would come to this.” This has “definitely GDR flavor,” he said, referring to communist East Germany and its Stasi police force.

Nius also reports that “criminal police officers were deployed across Germany on Tuesday for the day of action against hate postings, warning social media users their homes would be searched and electronic devices confiscated. In over 90 investigations, more than 50 homes were searched, and there were 127 police actions in total.”

“When the police are at the door, every perpetrator realizes that hate crimes have consequences,” Interior Minister Faeser wrote on X.

Those who criticize the Green party in Bavaria have faced prosecution before. A businessman, Michael Much, put up posters mocking members of the federal government, including Habeck and then Green party leader Ricarda Lang. He also had his house searched and the posters confiscated. The prosecutor was defeated in court, which determined the posters were a legitimate form of freedom of expression.

Notably, last week, X owner Elon Musk called German Chancellor Olaf Scholz a “fool,” on his platform. In response, the federal government reacted that “on X, you have Narrenfreiheit.” The term refers to freedom to mock the king, typically reserved for a jester.

Scholz himself responded that it was “not very friendly,” saying that web companies are “not organs of state, so I did not even pay it any attention.”

Apparently, for those lower on the food chain, such insults result in a massive police raid. The man’s phones were seized and all his rooms were searched.

Users have been acting with incredulity on social media, with one writing: “First election campaign posters leaked,” which showed police breaking down a door.

Tyler Durden Sat, 11/16/2024 - 07:00

10 Weekend Reads

The Big Picture -

The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads:

How Trump Won, What Happens Next, and How Disconnects Drove Democracy: How Trump Won Through The Lens of Data, Trust, Media, and the Vibecession. (Kyla’s Newsletter) see also The reckoning with inflation: Many are tying the Democrat losses in the election to high inflation in recent years. There’s some truth to that, but it’s complicated and it’s crucial to take the right lessons. (Stay-At-Home Macro)

The Death and Life of Prediction Markets at Google:  Over the past two decades, Google has hosted two different internal platforms for predictions. Why did the first one fail — and will the other endure. (Asterisk)

A Love Letter to the Greatest Pen of All Time: The Pilot G2 is infallibly smooth, vibrant, and ergonomic—and right now it’s on sale, too. (Esquire).

The Onion Wins Bid to Buy Infowars, Alex Jones’s Site, Out of Bankruptcy: The satirical news site intends to turn Infowars into a parody of itself. But the court overseeing the bankruptcy put a hold on the sale pending a hearing next week. (New York Times)

How Big Toilet Paper dupes us all: The wild, nonsensical world of toilet paper math, explained. (Vox)

The inspiring scientists who saved the world’s first seed bank. During the siege of Leningrad, botanists in charge of an irreplaceable seed collection had to protect it from fire, rodents – and hunger. (The Guardian)

How Does the CIA Recruit Russian Spies? Two years ago, the Agency tried a new approach. Is it working? (Cipher Brief)

 AI Helped a Woman Overcome Health Insurance Company Gridlock for Lifesaving Arthritis Treatment: Jennifer Braunagel, 52, a bus dispatcher and receptionist, is a fighter.(Health Care Uncovered)

The 2025 Hollywood Issue: Zendaya, Nicole Kidman, and 10 More Modern Icons; It’s the most audacious actors who power Hollywood and thrill audiences. In the 31st annual Hollywood Issue, VF toasts a dozen of the industry’s brightest lights.(Vanity Fair)

Paul Mescal’s Road to ‘Gladiator II’: Rejecting ‘Big Studio Franchise-y’ Offers, Convincing Ridley Scott to Let Him Do His Own Stunts and More: We’re now year four into the Paul Mescal-ification of the Western world, and we know which way it’s going. But thanks to 86-year-old filmmaking legend Ridley Scott and several legions of Roman soldiers in togas, Mescal is about to see whether he has the legs to be a Hollywood blockbuster leading man in “Gladiator II,” which Paramount Pictures opens in theaters on Nov. 22. (Variety)

Be sure to check out our Masters in Business interview this weekend with Colin Camerer, the pioneering neuroeconomist at California Institute of Technology. His field of study looks at the interface between cognitive psychology and economics. Professor Camerer was became a MacArthur Fellow (Genius grant) in 2013 for his work on risk, self-control, and strategic choice. His book “Behavioral Game Theory: Experiments in Strategic Interaction” is credited with creating a new the field within strategic theory. He is also a Distinguished Senior Fellow with the Wharton Neuroscience.

 

Democrats join 2024’s graveyard of incumbents as governments across the world struggle in a period of economic and geopolitical turmoil

Source: Financial Times

 

Sign up for our reads-only mailing list here.

~~~

To learn how these reads are assembled each day, please see this.

The post 10 Weekend Reads appeared first on The Big Picture.

America Calls For Sanity And Prosperity

Zero Hedge -

America Calls For Sanity And Prosperity

Authored by Thaddeus G. McCotter via American Greatness,

Donald Trump’s re-election as President of the United States, including an immense electoral college and popular vote victories, was the American people’s call for sanity and prosperity. For the incoming Trump administration, there is no time to waste in honoring the public’s mandate for change from the Obama and Biden administrations’ radical, dangerous, extreme, and disastrous policies.

The first step is to lower the country’s political temperature. It won’t be easy.

On the prevailing side, Mr. Trump’s supporters were elated by his victory and felt a palpable sense of relief at the reprieve it provided from the left’s ideological assault upon everything these God-fearing, patriotic Americans cherish. Yet, even as the election night celebrations continued, the calls began in earnest for the incoming administration to implement the most sweeping policies anyone to the right-of-center could conceive; and, yes, for “accountability” of bad actors, be it through political firings and impeachments, social ostracisms and “cancellations,” and criminal investigations that were expected to lead to indictments and prison sentences.

This is not unique in the annals of victorious presidential campaigns. Indeed, though one would be loath to acknowledge the irony, such demands were made by Democrats when Mr. Biden captured the White House in 2020. While Mr. Biden and his handlers and Congressional abettors indulged their leftist base with radical legislation, executive orders, and partisan political persecutions, it would behoove Mr. Trump and his supporters to recognize precisely how the American people viewed such unexpected surprises from “Lunch Bucket Joe from Scranton.” And, should they forget, all they need do is look at Vice President Kamala Harris’s electoral map.

This is not as easy as it sounds, for looking across the political aisle is an embittered and embarrassed Democrat Party. Lashing out at everyone but themselves for the abject failure of their fetid ideologies in matters of peace and prosperity, the left is not in a kumbaya mood—any more than are Mr. Trump’s supporters, who bear the scars of the Democrats’ systematic sedition against the first Trump administration; their despicable lawfare against him personally; and their pervasive slanders, smears, and attacks against his voters.

Already, under the guise of “offering olive branches,” the Democrats have sought to buy time to regroup, craft a narrative that they are the peacemakers, and wait for the first opportunity to rebrand Mr. Trump as an unstable, wannabe dictator who must be “resisted” by any means because it is justified by his being an existential threat to “our democracy.” It is a repeat of 2016, except in this instance, the size of Mr. Trump’s win has stunned and staggered the left, which necessitates their crafting breathing room to coordinate their counterattack.

Those blind to the Democrats’ stratagem will foolishly implore Mr. Trump to water down his rhetoric and goals to court the Democrats’ goodwill.

The GOP and, yes, Mr. Trump have gone down this dead end before and have learned a hard, valuable lesson not to repeat this mistake.

But this is not about enfeebling, but rather enabling the Republican-Populist agenda and movement.

Instead, as is his wont, Mr. Trump must grab the bulls**tters by the horns and offer the terms of political comity that will lower the country’s political temperature for the Democrats’ consideration.

The first and defining measure?

Announce that upon assuming office you will pardon Hunter, Jim, and Joe Biden for any crime they committed or may have committed.

Saying it and doing it will cement in the public’s mind that Mr. Trump is not only refraining from doing unto his political enemies what was done unto him but showing the magnanimity in victory of which his Democrat opponents have proven incapable. Armed with the moral high ground and the political insulation this beneficent act would provide, Mr. Trump will have significantly increased his already immense political capital that will be required to pursue and implement the significant policy reforms that he articulated throughout the campaign.

Of course, there will be pushback within his base by those who don’t accept that.

If Republicans do unto the Democrats what the latter did unto them, the public will view the GOP as hypocrites, declare a pox on both houses, and recoup the political capital Mr. Trump needs to achieve his agenda. Nothing would more hearten despondent Democrats.

Mr. Trump well understands this, and, nothing if not a leader, has the abundance of courage to empathize with his defeated opponents, for he has experienced the same feeling—in fact, exponentially more so, as he was the defeated candidate—and an incumbent president to boot. Equipped with this personal experience and acumen, he has the insight to recognize this singular chance to advance his agenda—one containing the very policies that, when implemented, will provide the very sanity and prosperity the voters emphatically demanded when returning him to the Oval Office.

Tyler Durden Fri, 11/15/2024 - 23:25

Skynet On Wheels: Chinese Tech Firm Reveals Terrifying Robo-Dog 

Zero Hedge -

Skynet On Wheels: Chinese Tech Firm Reveals Terrifying Robo-Dog 

One of Tesla's competitors in robotics is the Chinese company Unitree, which is already selling its humanoid G1 robot for $40,000. The company also sells robo-dogs on the Amazon marketplace. Another Chinese robotics company, Deep Robotics, released a new video featuring one of its robo-dogs equipped with wheels, showcasing its ability to scale hillsides and navigate off-road terrain. 

Deep Robotics describes itself as a "leader in embodied AI technology innovation and application," adding it's "the first in China to achieve fully autonomous inspection of substations with quadruped robots." 

Earlier this week, Deep Robotics posted a short video on YouTube featuring one of its quadruped robots with wheels. The robot's mobility is absolutely terrifying. 

Public trade data compiled by counterparty and supply chain risk intelligence firm Sayari shows that Hangzhou Yunshenchu Technology Co., Ltd owns Deep Robotics.

The company said its core team members originate from "well-known universities," including Zhejiang University, Shanghai Jiao Tong University, Beijing Institute of Technology, Wuhan University, the University of Electronic Science and Technology of China, the University of Chinese Academy of Sciences, New York University, the University of Illinois at Urbana-Champaign, and the Georgia Institute of Technology. 

Just wait until the Ukrainians see this robot. They might want to strap a machine gun atop this Skynet-like creature

Tyler Durden Fri, 11/15/2024 - 23:00

Two-Parent Families Are The Key To Safer Cities

Zero Hedge -

Two-Parent Families Are The Key To Safer Cities

Authored by Timothy S. Goeglein via The Epoch Times (emphasis ours),

Several years ago, after a particularly violent weekend in Chicago, then-Mayor Rahm Emmanuel, said: “This may not be politically correct, but I know the power of what faith and family can do. ... Our kids need that structure. ... I am asking ... that we don’t shy away from a full discussion about the importance of faith and family to develop and nurture character, self-respect, a value system, and a moral compass that allows kids to know good from bad and right from wrong.”

Shutterstock

Emmanuel’s plea for a broader discussion indicates that something must be truly amiss. And it is, as a new study directed by Nicholas Zill for the Institute for Family Studies indicates.

Looking at cities in Ohio, Zill found that there was a much crime rate in cities where two-parent families were in the minority. For instance, only 44 percent of mothers in Springfield, Ohio, were married during the period of 2018–2022. The percentage was even worse in Cleveland with only 33 percent being married, and in Youngstown, which reported only 32 percent were married. Cincinnati fared marginally better at 46 percent.

In contrast, in Cleveland Heights, 63 percent of mothers were married and in New Albany, Ohio, 91 percent were.

And the differences between these cities and their rates of violent crime are startling. Zill found that in Springfield, there were 1,298 incidents of violent crime reported per 100,000 residents, 1,895 incidents in Cleveland, 800 in Cincinnati, and 699 in Youngstown. Meanwhile, Cleveland Heights only reported 267 incidents and New Albany had 99.

This is not surprising. It has been well documented how the rise of fatherless homes has led to a concurrent rise in incarceration rates. Twenty years ago, Cynthia Harper of the University of Pennsylvania and Sara S. McLanahan of Princeton University found that young men who grow up in fatherless homes are twice as likely to end up in jail as those who come from traditional two-parent families.

The numbers of single-parent homes have only gotten worse since.

Out-of-wedlock births are now rampant among all groups. In 2022, 39.8 percent of children were born to single mothers. In Louisiana, Mississippi, and New Mexico, the percentage is even higher: over 48 percent.

The issue of missing fathers is particularly acute in our cities but has serious consequences for our society as a whole. Single mothers can be great mothers, but in a single-parent home, as Emmanuel noted, something is lacking—something necessary for children’s emotional and mental development.

What is lacking is the unique role a father plays in a child’s life.

For instance, fatherless girls often become severely depressed, self-destructive, or sexually promiscuous as they seek to fill the emotional vacuum left by an absent father.

Boys, on the other hand, as this study about the link between the lack of two-parent homes and violent crime documents, tend to deal with that void with anger and rage. Thus, many of the tragic shootings or horrible abuses of women we have seen over the past several years have been instigated by boys from broken homes.

Finally, numerous studies have shown that children in single-parent homes are more likely to engage in substance abuse than those in stable, two-parent (mother and father) homes. These children eventually grow up into adults and bring their drug dependency with them, creating another generation of children trapped in the cycle of family dysfunction, drug abuse, and single parenthood. It is a triple whammy resulting in a downward spiral of despair with each succeeding generation.

Thus, a society is formed where the dividing line between the haves and have-nots is determined at the very beginning of life. If children are born into a stable, two-parent family they are more likely to be successful in life and avoid bad choices such as engaging in violence and substance abuse. If they are born into the instability of a continued cycle of a broken family, they will likely fall prey to the resulting pathologies.

That is why, if we are to truly deal with the current violence in our inner cities, we need to focus first on the behaviors that have led to that violence—which means a dedicated effort to restore two-parent families rather than continuing to ignore the issue by enacting policies that encourage broken families. That is my hope—and the result of such an effort will not only be healthier children, but a safer and healthier society as well.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Fri, 11/15/2024 - 22:35

Jake Paul Or Mike Tyson?

Zero Hedge -

Jake Paul Or Mike Tyson?

Netflix is reportedly paying at least $60 million in purses to make history in its first-ever, live, non-pay-per-view sports broadcast tonight.

The streaming giant's venture into live programming pits 27-year-old YouTuber-turned-boxer Jake Paul against 58 year-old 'Iron' Mike Tyson.

The big fight between "Iron Mike" and "The Problem Child" is scheduled to take place at AT&T Stadium, the Arlington, Texas home of the Dallas Cowboys.

The venue, which holds 80,000, has hosted some major boxing matches over the years, including multiple fights featuring former champion Manny Pacquiao current pound-for-pound No. 1 Canelo Álvarez.

Tyson will be fighting out of the red corner on Friday night, and weighs in at 228.4 pounds.

"This fight is not going to change my lifestyle financially," Tyson said.

"I feel I can beat this guy."

Paul will fight from the blue corner of the ring and enters the fight at 227.2 pounds.

“I’m here to make $40m and knock out a legend,” Jake Paul told interviewers.

The fight has garnered a great deal of attention as nobody knows how a 58-year-old Mike Tyson is going to look in his first sanctioned competitive fight since 2005.

Things got a littel heated at the weigh-in...

For now, the betting markets favor Paul over Iron Mike, with Tyson's odds fading today...

Jake Paul's Advantages:
  • Age and Stamina: Paul is significantly younger, at 27 years old, which gives him an edge in terms of stamina, recovery, and physical condition. Boxing is indeed a sport where youth can be a substantial advantage.

  • Recent Activity: Paul has been active in the ring, fighting several times in recent years. This regular competition keeps him in fighting shape and provides him with recent experience against diverse opponents.

  • Size and Reach: Paul has a height advantage and possibly a reach advantage, which could help him keep Tyson at bay if he chooses to fight more defensively.

  • Boxing Skill Development: Over his fights, Paul has shown improvement in his boxing technique, particularly in his footwork, jab usage, and defensive maneuvers.

Mike Tyson's Advantages:
  • Experience: Tyson's vast experience as a former undisputed heavyweight champion cannot be overstated. He knows how to fight at the highest levels, how to read opponents, and how to end fights quickly.

  • Power: Even at an advanced age, Tyson's punching power is legendary. If he can land a clean shot, his power could still be devastating.

  • Motivation: This fight could serve as a significant motivator for Tyson to prove he still has what it takes, which might lead to an exceptional performance.

Fight Predictions:

Betting odds generally favor Paul due to his youth and recent activity, but there's a significant portion of the public and some experts betting on Tyson, driven by nostalgia and his raw power.

  • Scenario 1 - Early Knockout: If Tyson can replicate his old explosive starts and land a significant punch early, he could potentially knock out Paul.

  • Scenario 2 - Endurance and Strategy: If the fight goes beyond the initial rounds, Paul's superior conditioning and strategy might wear Tyson down, leading to a win either by knockout or decision.

  • Scenario 3 - Fight Integrity: There's always the possibility in such high-profile, exhibition-like bouts that the fight might not be as competitive as it could be due to various external factors, but given the statements from both fighters and the sanctioning of the bout, this seems less likely.

Conclusion:

While many factors could play into the outcome, if one were to go by the majority of expert opinions and odds:

Jake Paul is likely to win due to his youth, recent fighting experience, and physical advantages. However, Mike Tyson's power and experience make him a dangerous opponent, and if he can catch Paul with a solid punch, nothing can be ruled out.

The fight's result might also depend on how Tyson has prepared, considering his age and health conditions.

Remember, in boxing, one punch can change everything, especially when it comes from someone with Tyson's history.

*  *  *

Netflix will start coverage of the full fight card at 2000ET.

Who are the Jake Paul-Mike Tyson Ring Girls?

  • Lexi Williams - Instagram superstar; 1.4M followers; "I’m so excited to be a part of this moment," she wrote on Instagram. One of the true titans of the Instagram modeling world

  • Sydney Thomas - Making her second career ring girl appearance

  • Raphaela Milagres - Brazilian model who worked the Jake Paul vs. Andre August fight in 2023

  • Virginia Sanhouse - Venezuelan model with 5.5M TikTok followers

  • Delia Sylvain - Veteran ring girl who worked the Jake Paul vs. Mike Perry fight in July.

Full Card:
  • Heavyweight: Mike Tyson vs. Jake Paul

  • Super Lightweight: Katie Taylor vs. Amanda Serrano for Taylor's IBF, WBA, WBC and WBO women's super-lightweight titles

  • Welterweight: Mario Barrios vs. Abel Ramos for Barrios' WBC welterweight title

  • Super Middleweight: Neeraj Goyat vs. Whindersson Nunes

  • Super Middleweight: Shadasia Green vs Melinda Watpool for vacant women’s WBO super middleweight title

  • Super Lightweight: Lucas Bahdi vs. Armando Casamonica

  • Featherweight: Bruce Carrington vs Dana Coolwell

As PJMedia's Scott Pinsker warns, make no mistake, Mike Tyson is still a master artist. He’s still an all-time great. 

Jake Paul is scribbling with crayons. 

On their merits, if Tyson has ANYTHING left, he will flatten Paul. It shouldn’t go more than a couple of rounds, two minutes or not. Mike Tyson on Testosterone Replacement Therapy is probably less like a guy pushing 60 and more like an athlete in his 40s.

If the fix is in, it’s almost certainly for Tyson to take the dive. That’s how it’s always been in boxing: The old lion makes way for the younger (and more marketable) lion. 

Some boxing insiders suspect as much.

After all, Paul has exponentially more to lose: If Tyson loses, he’s still Mike Tyson, but if Paul loses, he’s done.

Tyler Durden Fri, 11/15/2024 - 22:24

Israeli Officials Belatedly Claim Secret Nuclear Site Destroyed In Last Month's Iran Strikes

Zero Hedge -

Israeli Officials Belatedly Claim Secret Nuclear Site Destroyed In Last Month's Iran Strikes

Very belatedly, Axios has issued a report which claims Israel's airstrikes on Iran last month destroyed an active nuclear weapons research facility in Parchin. Three US officials and a pair of Israeli officials were cited for the Friday report.

"The strike — which targeted a site previously reported to be inactive — significantly damaged Iran's effort over the past year to resume nuclear weapons research, Israeli and U.S. officials said," the report says. The site has been identified, also in satellite images, as the Parchin Military Complex.

TOI: Satellite photo from Planet Labs PBC shows damaged buildings at Iran's Parchin military base outside of Tehran, Iran, October 27, 2024. The damaged structures are in the bottom right corner & bottom center of the image. Planet Labs PBC via AP

This included the destruction of "sophisticated equipment used to design the plastic explosives that surround uranium in a nuclear device and are needed to detonate it," according to the sources.

Iran has of course never acknowledged or confirmed this, and it rejects the accusation that it possesses an active nuclear weapons program. Instead, Tehran insists it only has a peaceful nuclear weapons program.

Prime Minister Netanyahu and other Israeli leaders have for years insisted that the Islamic Republic is bent on acquiring a nuke, and Netanyahu in particular has expressed readiness to do anything to stop it.

Israel's Oct. 26 attack, which ostensibly was in retaliation for Iran's Oct.1st ballistic missile attack on Israel, was conducted by airstrikes - and Israeli officials informed the US ahead of time that neither oil nor nuclear sites were being targeted.

If Israel actually destroyed the facility at Parchin, this would mean Israel deceived its number one external back and ally the US (which certainly wouldn't be a first).

However, this might also be propaganda and PR-signaling for other purposes. For starters, the author of the Axios report, Barak Ravid, has long been known to quickly convey Israeli government talking points to the public. If Netanyahu government officials want something 'leaked' to the West, they often go through him.

As for timing of the report, the Times of Israel (TOI) highlights the following imminent UN action:

The report came as the UN nuclear watchdog prepares to vote on censuring Iran for refusing to cooperate with its inspectors, and amid a report that the Islamic Republic told the Biden administration last month it would not seek to assassinate US president-elect Donald Trump.

There is legitimate fear that after the Gaza war kicked off, and as Iran and Israel have traded tit-for-tat direct strikes for the first time, Tehran may be indeed pursuing a nuke.

Israeli attack on Parchin "nuclear site": Fact or Fiction?

If so, the world can expect more Israeli anti-Iran action, including the potential resumption of a sabotage and cyberwarfare campaign targeting Iran's nuclear sites and infrastructure. In the past, Mossad has even assassinated top Iranian nuclear scientists.

Tyler Durden Fri, 11/15/2024 - 22:10

X Sees Return Of Major Advertisers As NewsGuard & "Boycott Cartel" Come Under Fire From FCC

Zero Hedge -

X Sees Return Of Major Advertisers As NewsGuard & "Boycott Cartel" Come Under Fire From FCC

While Mark Cuban and other sore losers are leaving X to shout into the void, several major advertisers have returned to the platform.

Comcast, IBM, Disney, Warner Brothers, Discovery and Lionsgate Entertainment have all resumed ad spending on the social media giant - albeit this is more of a toe-dip than a full recommitment. According to Adweek, the brands collectively spent less than $3.3 million on X from January to September 2024, a far cry from the $170 million spent during the same period in 2023.

Either way, it's an admission that pulling ad spend over 'hate speech' and 'antisemitism' was nothing more than a giant virtue signal, particularly considering Facebook and Instagram's long history of providing a safe forum for child sexual abuse.

While a global survey by Kantar of senior marketers across 20 countries found that 26% of them plan to cut spending on X in 2025, the 2024 election may have changed that.

"X’s owner now has the ear of the president-elect, a man who has a long history of helping his friends, and punishing his enemies," said Max Willens, senior analyst at Emarketer. "Sending at least a trickle of ad spending toward X may be seen as good for business, albeit in an indirect way."

Advertising Cartel Under Fire

Speaking of the tide turning, the woke cabal of advertisers trying to starve conservative platforms out of a voice is now coming under fire (have we mentioned lately that we really appreciate our premium subscribers?).

In a Wednesday letter to Microsoft, Alphabet (Google), Apple, and Meta, FCC Commissioner Brendan Carr accused them of having "participated in a censorship cartel that included not only technology and social media companies but advertising, marketing, and so-called "fact-checking" organizations as well as the Biden-Harris Administration itself."

"The relevant conduct extended from removing or blocking social media posts to suppress their information and viewpoints, including through efforts to delist them, lower their rankings, or harm their profitability."

Carr then suggested that their protection from liability under Section 230 may be on the line.

"As you know, Big Tech's prized liability shield, Section 230, is codified in the Communications Act, which the FCC administers. As relevant here, Section 230 only confers benefits on Big Tech companies when they operate, in the words of the statute, "in good faith."

Wow...

Carr then set his sights on NewsGuard - which Jonathan Turley notes has been long accused by conservatives "of targeting conservative and libertarian sites and carrying out the agenda of its co-founder Steven Brill. Conversely, many media outlets have heralded his efforts to identify disinformation sites for advertisers and agencies."

Basically, NewsGuard bombards conservative sites with struggle-session questionnaire emails demanding explanations for the slightest of indiscretions, after which they issue a "report card" that advertisers use to justify pulling ad spend.

As Carr notes in the letter; "It is in this context that I am writing to obtain information about your work with the one specific organization - the Orwellian named NewsGuard. As exposed by the Twitter Files, NewsGuard is a for-profit company that operates as part of the broader censorship cartel. Indeed, NewsGuard bills itself as the Internet's arbiter of truth or, as its co-founder put it, a "Vaccine Against Misinformation." Newsguard purports to rate the credibility of news and information outlets and tells readers and advertisers which outlets they can trust."

Carr suggests following NewsGuard's ratings may constitute a violation of Section 230 (this is huge).

"NewsGuard's own track record raises questions about whether relying on the organization's products would constitute "good faith" actions within the meaning of Section 230. For one, reports indicate that NewsGuard has consistently rated official propaganda from the Communist Party of China as more credible than American publications."

"For another, NewsGuard aggressively fact checked and penalized websites that reported on the COVID-19 lab leak theory."

Carr then demands the following information:

  1. A list of every one of your products or services (if any, including advertising) that use or rely on any NewsGuard product, service, or ranking.
  2. A list of every one of your products or services (if any) that enables any of your users or customers to use or rely on NewsGuard product, service, or ranking.
  3. If you offer an advertising service, provide details on the use of any media monitor or fact checking service, including NewsGuard, that you may utilize.
Tyler Durden Fri, 11/15/2024 - 22:00

Study Reveals Why COVID-19 Vaccine Antibodies Wane Rapidly

Zero Hedge -

Study Reveals Why COVID-19 Vaccine Antibodies Wane Rapidly

Authored by Marina Zhang via The Epoch Times (emphasis ours),

Research led by scientists at Emory University in Atlanta found that while tetanus and influenza vaccines prompt the body to produce long-lived plasma cells that generate antibodies, COVID-19 vaccines do not.

cery/Shutterstock

The study may explain why antibody protection from COVID-19 mRNA vaccines wanes so rapidly.

The mRNA vaccines cause the body to produce short-lived plasma cells that can only generate antibodies for a period of time before dying off.

Vaccines like tetanus give long-lasting immunity, with antibodies persisting in the body for up to 10 years. COVID-19 antibodies rapidly wane three to six months after vaccination, often resulting in breakthrough infections.

The study’s senior author, Dr. Frances Eun-Hyung Lee, professor of medicine and director of Emory University’s Asthma, Allergy, and Immunology program, told The Epoch Times that it is still unclear why COVID-19 vaccines do not confer durable antibody immunity, though there are several possibilities.

According to the researcher, one reason could be that the body cannot form long-term immunity to COVID-19. The COVID-19 mRNA vaccine induces the body to produce COVID-19 spike proteins to stimulate the immune response. This spike protein may not be stimulating enough to cause the formation of lifelong plasma cells.

Another reason could be that the mRNA vaccine platform, which delivers the vaccine to the body, does not induce durable antibody immunity.

Currently, mRNA vaccines for respiratory syncytial virus (RSV) are in development. Whether these vaccines confer durable immunity to the viruses they are intended to protect against may help explain the body’s response to COVID-19 vaccines.

We will have to wait and see if the reason … is unique to the spike protein or if it’s something unique to the mRNA platform,” Lee told The Epoch Times.

Not All Immunity Is Lifelong

It was generally assumed that when people get infected with or vaccinated against viruses or bacteria, the immunity formed would be life-long, Dr. Stanley Perlman, a professor in the Microbiology & Immunology Department at the University of Iowa, told The Epoch Times.

However, the current study and other research on RSV, which infects people every year despite everyone having antibodies to the virus by age 3, suggests that whether a person is immune to a virus or bacteria can vary depending on the pathogen, Lee said.

The study, published in Nature Medicine in September, followed 19 healthy volunteers who had taken influenza, tetanus, and several COVID-19 vaccines and boosters. Researchers extracted immune cells from their bone marrow and followed them for up to three years.

They found that these participants had durable plasma cells—a type of cell that provides lifelong immunity—that generate antibodies to influenza and tetanus but no or few durable plasma cells working against COVID-19 spike proteins.

When our B-cells (immune cells) encounter a pathogen, they divide into plasma cells and produce antibodies. Most of these cells will die, but a few will migrate into specific niches in the bone marrow and mature into long-lived plasma cells.

“Even if some of these cells want to die, they can’t,” Lee said. “They undergo changes in their RNA and changes in their DNA so that they can become resistant to apoptosis (cell death).”

“There’re many other factors and mechanisms and programs, and we’re trying to study those and unravel those steps so that we can figure out how to make the SARS-CoV-2 mRNA vaccine better.”

Having long-term immunity also does not “guarantee complete protection against future infections,” Dr. Joseph Varon, professor of medicine at the University of Houston and chief medical officer of the Front Line COVID-19 Critical Care (FLCCC) Alliance, told The Epoch Times. “Viruses can evolve to escape immune responses, and waning immunity or other factors like age and health status can influence vulnerability.”

This is why new influenza vaccines are made every year as the virus evolves and changes, Lee said.

Infections Did Not Enhance Immunity

Some participants likely contracted COVID-19 throughout the study period, indicated by a sudden spike in COVID-19 antibody levels despite a lack of immunization. However, the authors found this was also not linked to the formation of long-lasting plasma cells.

This finding concurs with prior research by the University of Maryland, which found that COVID-19 infections did not induce long-term antibody protection.

In some cases, infections may result in stronger immunity than vaccines can provide. Life-long immunity to influenza, for example, is likely driven by natural immunity rather than vaccination.

Antibodies formed from only the influenza vaccine may last a few months. However, since many vaccinated people will also become infected, this cross-reactivity is likely what drives plasma cells to mature into durable cells, Lee said.

Boosting Did Not Increase Durable Antibodies

Some study participants took several doses of COVID-19 mRNA vaccines during the study period.

The authors found that having more doses of mRNA vaccines did “not necessarily promote more” long-lived plasma cell responses in the study’s small cohort.

These findings reinforce the fact that boosters are not really working at this point,“ Varon said. ”Boosters can temporarily restore protection by increasing circulating antibodies and memory immune cells.”

Dr. William Schaffner, a professor of preventive medicine at Vanderbilt University in Nashville, Tennessee, said that people who are at high risk of dying from COVID-19 should still follow the schedule from the U.S. Centers for Disease Control and Prevention (CDC), which recommends vaccinating every six months.

Lee agreed, adding that while her study found that antibody protection is short-lived, there are other cells in the body, like T-cells, by which vaccinations confer long-lived immunity and could, therefore, still be helpful for people at a higher risk of infection.

Tyler Durden Fri, 11/15/2024 - 21:45

Texas Rental Market "Collapsing Before Our Eyes" 

Zero Hedge -

Texas Rental Market "Collapsing Before Our Eyes" 

Housing market data from Redfin shows that US asking rents were flat in October, rising marginally by .2% year-over-year to $1,619. For two years, rents have remained flat nationwide following a massive boom during Covid, sparked by low interest rates and domestic migration trends. Now, in cities like Austin, Texas, rents are sliding due to a surge in new supply and reduced demand. 

Drilling down into Austin's rental data, Nick Gerli, CEO and founder of the real estate analytics firm Reventure Consulting, shared on X a concerning breakdown of the local rental market downturn that could have landlords in the metro area deeply spooked. 

Let's begin with Gerli's tweet... 

The Austin, TX rental market is collapsing before our eyes.

With the median apartment rent dropping 15% over the last 2+ years.

The vacancies have skyrocketed. Rental concessions are everywhere.

Rents are now only 9.8% higher than pre-pandemic. Meaning that many Austin landlords are losing money, as property taxes, insurance, and interest costs are way higher.

(This is a harsh lesson on the boom/bust cycle in real estate for many developers and investors who bought into Austin during the boom. Read more below to see how this happened.)

Austin's rental vacancy rate has exploded to a seven-year high

You can see this reality expressed in vacancy rate statistics from Apartment list.

At the height of the pandemic in Sept 2021, Austin's rental vacancy rate was only 3.9%. Now it's 9.5% The highest level going back 7 years.

Gerli pointed out landlords in Austin are under severe pressure: 

With so many vacant apartments, and rents that are still overpriced, landlords have no choice but to cut the rent to put heads in beds. Especially on lease-up projects. Which often deliver 200-400 units vacant all at once. This is exerting massive downward pressure on the rental market.

This is very good news for renters. He said:

Gerli explained that in 2025, Austin will continue to have an apartment supply issue, which means lower rents. 

Gerli speculates...

He cited Reventure App data showing that home prices in Austin were once 50% overvalued. That figure now stands at around 12%.

Gerli concludes by forecasting a possible bottom forming in Austin's housing market sometime in 2025

Tyler Durden Fri, 11/15/2024 - 21:20

The Election, Common-Sense Democrats, & The Long March

Zero Hedge -

The Election, Common-Sense Democrats, & The Long March

Authored by Stephen Soukup via American Greatness,

Not long before Tuesday’s election, Ruy Teixeira, a Democratic political scientist and commentator, predicted that, regardless of the outcome of the election, the contemporary progressive movement was dead. Harris, he intimated, could still win the election, but the dominant force in Democratic politics for the last two decades was done. Voters had clearly and unambiguously voiced their distaste for the four pillars of contemporary progressivism: open borders/mass immigration, lax law enforcement/social disorder, identity politics, and the war on fossil fuels. As Teixeira astutely noted, the electorate simply isn’t buying what the progressives are selling.

Teixeira, it should be noted, is not alone in his concerns about and disapproval of the contemporary progressive agenda and its alienating effect on average voters. In the few days since Donald Trump handily defeated Kamala Harris, a handful of prominent Democrats have condemned their party’s polarizing platform and have echoed Teixeira’s denunciation of the progressives’ stubbornness. For example, Matt Yglesias, a longtime left-wing journalist and political commentator, posted a short “common sense” Democratic platform to restore the party’s following, overtly rejecting the entirety of the progressive plan. Like Teixeira, Yglesias slammed the progressives’ obsessions with climate, race, and anti-social behavior in particular.

Based on what we all saw the other night—the most improbable political comeback in American history and a realignment of the electorate—it is clear that both Teixeira and Yglesias are right. The progressive movement has enfeebled the Democratic Party and made it unappealing to a majority of voters. In order to stave off long-term minority-party status, Democrats must move on from contemporary progressivism and must realign themselves with the needs and wants of their traditional voters. The party must change.

There’s only one problem—and it reminds me of the old joke:

Q: How many psychiatrists does it take to change a light bulb?

A: Only one, but the light bulb really has to want to change.

Teixeira, Yglesias, James Carville, and a host of other Democrats are inarguably correct about the state of their party, the malign influences on it, and the necessity of change.

The problem is that the party has to want to change first, which is not as easy as it sounds.

Indeed, there are several very important reasons why the Democratic Party will not change—why it cannot change.

The most obvious and overpowering of these is the capture of the institutions.

For decades, conservatives have noted that the far-left controls all of the institutions of cultural transmission in this country (and in the West more generally). We have noted as well that this is hardly an accident, a fateful coincidence. It is by design and the result of a century-long effort by Marxist revisionists, executed with dedication and determination.

In my book, The Dictatorship of Woke Capital, I spend an entire chapter discussing that which the infamous East German Marxist student-leader Rudi Dutschke later called “the long march through the institutions.”  In brief, after World War I, the Marxists of Europe realized that the workers of the world were never going to unite and throw off their chains, meaning that the long-anticipated revolution was never going to occur—or at least it was never going to occur on its own.  The revolution and the triumph of Communism were not, as Marx had declared, historically inevitable.  They would have to be incited.

Antonio Gramsci, György Lukács, and the scholars at the Frankfurt School (helmed by Max Horkheimer) collectively decided that the only way to accomplish this incitement was to alter the consciousness of the workers, to strip them of their institutionally created false consciousness and liberate them “from the circumstances that enslave them.”  And the way to do that, in turn, was, as Horkheimer put it, to mount a “historical effort to create a world which satisfies the needs and powers of men.”  In short, they would have to change society by changing its institutions of consciousness and cultural transmission.  Hence, the “long march.”

Near the end of that chapter, I note how shockingly successful the long march has been, especially in the United States.  Whereas Marx was a crackpot who knew almost nothing about economics, history, or the conditions of the working class, his post-war successors turned out to be quite brilliant and attuned to the nature of the relationship between man and society.  In less than half a century, the critical theorists “managed to do precisely what Gramsci and Lukács had suggested needed doing a half-century earlier”:

They stripped away the veneer of false consciousness—or, more accurately, they stripped away the consciousness that had existed previously, replacing it with their own consciousness, one rooted in skepticism and alienation, which would become the overarching themes in higher education and every single endeavor subsequently undertaken by those who passed through the American system of higher education from the 1970s on.

Conservatives have dealt with the repercussions of the Long March and the takeover of the institutions for a long time. And they’ve adapted to it as best they can. They’ve created their own intellectual organizations (think tanks), their own media environment, and a host of other competing institutions designed to blunt the impact of the Long March. While this effort has been impressive and important in resisting the far-left’s takeover of the culture, it has also been a strictly rearguard undertaking. Conservatives are constantly having to defend themselves and what’s left of the traditional culture from the advancing institutions. With the left firmly in charge of the educational, religious, news, and entertainment establishments, the best conservatives can do is to “hang on” to whatever scraps are still up for grabs.

The catch here is that this is an existential challenge not just for conservatives but for “common-sense” non-progressive liberals as well. These institutions were not taken over by “liberals” or moderate Democrats. They were taken over by leftists, by radicals, by the very progressives whom Teixeira and Yglesias have identified as the cause of the Democrats’ disconnect with the electorate. In other words, changing the Democratic Party and restoring it to its former common-sense, working-class roots is an undertaking that will run into the very same ivy-covered wall that has stymied conservatives for decades.

It is no mere coincidence that Ruy Teixeira works for the American Enterprise Institute (a conservative-ish think tank) and, before that, worked for the Brookings Institution (a center-left think tank). There really is no home for a guy like him in traditional academia. Likewise, it’s no coincidence that Matt Yglesias left traditional news media to start his own outlet (Vox.com) and now does most of his work on Substack, an “alternative” media platform. He too is out of place in the contemporary institutional arena. Such is the nature of the game.

The difference between conservatives and the center-left is that conservatives have invested heavily in building their own institutions, while the denizens of the center-left have not really understood until now (if they do, indeed, understand at all) that the takeover of the institutions was meant to undermine their worldview as much as conservatives.’ For the most part, they do not have their own alternative institutions and therefore do not have their own means for fighting the far-left’s cultural takeover.

It is largely inarguable that the nation would be far better off with a Democratic Party dominated by non-progressives, but that’s not especially likely, at least not anytime in the foreseeable future.

Tyler Durden Fri, 11/15/2024 - 20:55

More Young Men Are Now Religious Than Women In The US

Zero Hedge -

More Young Men Are Now Religious Than Women In The US

Younger generations of women are less religious than their male counterparts in the United States, according to data from a Statista Consumer Insights survey.

As Statista's Anna Fleck reports, this marks a shift, as historically, U.S. women have been the more religious group.

As this chart shows, for both genders, religion is becoming less widespread overall.

 More Young Men Are Now Religious Than Women in the U.S. | Statista

You will find more infographics at Statista

Christianity is the dominant religion in the U.S., by a long shot.

Statista data shows that 51 percent of Gen Z males self-identify as Christian, with the next biggest religious groups Islam (six percent), Buddhism (two percent).

Only six percent of Gen Z men are atheists and 17 percent non-religious.

For Gen Z women, 48 percent said their religion is Christianity, while only two percent said Islam and two percent Buddhism.

Six percent of Gen Z women are atheists and 22 percent identify as non-religious.

Tyler Durden Fri, 11/15/2024 - 20:30

Vitamin D Supplements Lower Blood Pressure In Older Adults With Obesity: Study

Zero Hedge -

Vitamin D Supplements Lower Blood Pressure In Older Adults With Obesity: Study

Authored by George Citroner via The Epoch Times (emphasis ours),

High blood pressure often affects older and obese people; vitamin D supplements may help lower it.

Sathit/Shutterstock

A new study has found that taking 600 international units (IU) of vitamin D per day—the amount typically recommended for adults—lowers blood pressure in older adults, especially those who are obese.

Experts caution that exceeding the recommended intake, even below the safe upper limit (UL), does not necessarily translate to additional benefits.

Supplementation Reduced Blood Pressure

The study, published Tuesday in the Journal of the Endocrine Society, involved 221 older obese adults who received vitamin D supplements at either 600 IU per day or 3,750 IU per day over one year. Currently, the Institute of Medicine (IOM) recommends a daily intake of 600 IU.

Partcipants’ overall systolic blood pressure decreased by 3.5 mm Hg after one year, and diastolic blood pressure decreased by 2.5 mm Hg after one year.

Those who took higher doses of 3,750 IU daily had a slightly higher decrease of 4.2 mm Hg for systolic blood pressure. In comparison, those who took the lower 600 IU per day generally reported a reduction of 2.8 mm Hg after one year.

The authors concluded that the differences between the high- and low-dose vitamin D groups were not statistically significant.

People with a higher body mass index (BMI) of over 30 saw more significant reductions in blood pressure, especially in the high-dose group. People who took blood pressure medication with their vitamin D also observed substantial decreases in their overall blood pressure.

All participants also received daily supplements that included 1,000 milligrams of calcium.

No Significant Benefits From Higher Doses

The study’s findings showed that regular supplementation resulted in a decrease in blood pressure among participants. However, a comparison of the two dosage groups found that higher dosages of vitamin D did not provide further health benefits.

“More vitamin D is not better in terms of blood pressure,” study author Dr. Ghada El-Hajj Fuleihan from the American University of Beirut Medical Center told The Epoch Times in an email. “Indeed, 3,750 IU/day does not lower blood pressure more than 600 IU/day, which is the Institute of Medicine recommended dose.”

These results “need to be validated in a trial with blood pressure as the primary outcome,” she added.

The research team considered the UL for vitamin D intake established by the IOM (4,000 IU daily) when selecting doses for participants. “3,750 IU/day is below the IOM UL, and was specifically selected to be so,” Fuleihan wrote.

The higher dose is unlikely to cause harmful health effects, she added. “None of our patients had signs or symptoms of vitamin D intoxication,” she noted. Symptoms of vitamin D intoxication include nausea, vomiting, and kidney stones.

Fuleihan emphasized that the decision to supplement vitamin D should ultimately be made in consultation with a patient’s primary health care provider.

Tyler Durden Fri, 11/15/2024 - 20:05

Trump's Coming War On The Mexican Drug Cartels

Zero Hedge -

Trump's Coming War On The Mexican Drug Cartels

Authored by Anders Corr via The Epoch Times,

President-elect Donald Trump has declared war on the drug cartels in Mexico. “The drug cartels are waging war on America, and it’s now time for America to wage war on the cartels,” he said in one of his toughest videos ever.

Photos of fentanyl victims are displayed at The Faces of Fentanyl Memorial at the U.S. Drug Enforcement Administration headquarters in Arlington, Va., on Sept. 27, 2022. Alex Wong/Getty Images

And it wasn’t the first time. He strongly advocated for many of the same actions in his first term and got results.

Trump’s incoming appointees support that tough approach. The potential future “border czar,” Thomas Homan, said on Nov. 12 that Trump is committed to deploying the “full might of the United States Special Operations to take them out.” The appointed defense secretary, Pete Hegseth, said in 2023 that military “precision strikes” on the cartels might be needed to deter them from operating “in the open with impunity.”

The United States has every ethical reason to launch a war on the cartels. They use chemical precursors from China to produce the vast majority of the illegal fentanyl that causes most of the 82,000 opioid overdose deaths in 2022 in the United States. That’s over 27 times more deaths every year than happened from the 9/11 attacks.

Fentanyl poisoning is deliberate and far worse in the number of deaths than anti-U.S. terrorism. Those who sell illegal fentanyl in the United States, when it results in death, are justly convicted of murder.

Yet China and Mexico get off scot-free. Beijing uses its supply of precursors as leverage against the United States on issues like Taiwan, which proves that the Chinese Communist Party (CCP) intends the deaths that result when Washington does not submit. If we want Beijing to stop the shipment of precursors, the CCP demands that we stop following the law to supply Taiwan with the weapons it needs for its self-defense. Some have called these CCP actions a form of blackmail, chemical warfare, or genocide. Arguably, they are all three.

Just as the mullahs in Iran used Hamas to attack Israel, the CCP is using Mexican cartels to attack the United States. The risk for Hamas and now the cartels is that they could be targeted in response. Trump published an “action plan to destroy the drug cartels” in December. He is threatening to designate them as terrorist organizations, cut them off from the international financial system, hit them with cyberattacks, deport or execute foreign drug dealers and gang members, finish the border wall, and eliminate cartel leaders. This could be done with cruise or drone-fired missiles.

If Mexico fails to help or take over these tasks themselves, Trump could unmask the Mexican politicians who cooperate with the cartels, entirely close the border, impose tariffs on Mexico, and impose a naval blockade to stop precursor shipments.

The falsely glamorous image of being a cartel leader with a grand hacienda, pool, caravan, and armed guards posted on the perimeter wall will not seem so glamorous when these expensive homes and vehicles attract Hellfire missiles on a regular basis, forcing drug kingpins into less glamorous digs in hill camps and Mexico City’s back alleys. Neither will it be honorable to be a high government official in Mexico when Trump starts unmasking them as on the cartel payroll.

None of this will be particularly easy. The Mexican government opposes U.S. military force on Mexican territory. Designating the cartels as terrorists and using covert operations is one response. Mexico is America’s largest trade partner and could withhold drug enforcement and immigration cooperation, though there is not much of that anyway.

The United States should not attempt to take and hold territory permanently in Mexico, as this would be a violation of the U.S.-led international order that we help enforce by protecting Taiwan and Ukraine against China and Russia, for example. We should not become the enemy we oppose. But short cross-border targeted attacks on cartels would not be dissimilar to U.S. operations in Pakistan, including the killing of Osama bin Laden. America needs to rapidly and vigorously defend itself against all attacks, including novel offensives like fentanyl, or we lose our deterrent credibility.

Another difficulty is diplomatic. A naval, drone, or special operations campaign in Mexico could cause the United States stress at the United Nations and with our allies. But ethics are on our side because we are under attack with building U.S. civilian casualties that are greater than in any war in U.S. history. The new U.S. ambassador to the U.N., Elise Stefanik, is tough as nails and up to the job of defending us there.

Trump’s critics note that a finished border wall could still be tunneled under, from a house on the Mexican side to a house on the U.S. side, for example. Many such tunnels reportedly already exist, making it difficult for U.S. law enforcement to catch the smugglers. And none of this would stop fentanyl from coming in through the millions of small mail packages flown into the United States from China and around the world. If producing fentanyl is difficult in Mexico, it could be moved to Afghanistan, Burma (Myanmar), or Nigeria. There are plenty of global criminal organizations that would welcome the chance to profit and care little about the deaths of innocent Americans.

But not fighting the worst drug kingpins and most prolific illegal labs, wherever they are found, is to acquiesce in the deaths of U.S. innocents and is therefore not an option. Destroying as many of the cartel bosses and labs as possible serves to not only stop at least some of them but also strengthens deterrence against others.

Accelerating plans for a war on the cartels will make officials in Mexico, and those from around the world, much more pliable to Trump’s demands. Their caving in advance of Trump’s war would be the best of all worlds and something that happened in 2019 by Mexican negotiators when he made similar plans. However, Mexico quickly fell back into its old ways over the last four years.

So this time, Trump may not be as willing to make a deal. He might just start with the public disclosure of bribery in Mexico City as justification for his military strikes against the worst of the cartel leaders and their illegal fentanyl labs out in the country. The nexus between the cartel bosses and corrupt politicians is a target-rich environment, and Trump has appropriate plans for both.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Fri, 11/15/2024 - 19:15

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