WHO Furthers Effort to Establish Global Health Governance Apparatus thumbnail

WHO Furthers Effort to Establish Global Health Governance Apparatus

By Family Research Council

On Monday, the World Health Organization (WHO) released the latest draft of its controversial International Health Regulations, with the purported aim to eventually establish a global accord on how to handle future pandemics. Expert observers are continuing to express concern with the regulations, saying that they are covertly designed to take away sovereignty from countries and push contentious issues such as abortion.

Jim Roguski, a member of the Law & Activism Committee at the World Council for Health, has been closely monitoring the WHO’s activities in the wake of the “serious failures” that the organization made since the COVID pandemic broke out in 2020. On Tuesday, he joined “Washington Watch with Tony Perkins” to provide an update on where the accord currently stands.

“[T]he fact that it’s not referred to as a treaty is actually very important,” he explained. “What they are setting up is an ongoing series of what they call ‘the Conference of the Parties’ that would meet pretty much forever. And the idea is they’re trying to hash out an agreement just to have an agreement so that they can pat themselves on the back and say, ‘Look what great work we did.’”

Roguski continued, “I was actually a little bit surprised that from the last version, this version got smaller by about 12 pages. And so what they’re doing is trying to reach a basic, fundamental agreement to set up a bureaucracy that would meet on an ongoing basis, year after year after year, to impose protocols that we wouldn’t have any say over the matter, much like the Framework Convention for Climate Change that was agreed to by the United Nations back in 1992 — that ongoing system of forever unelected, unaccountable bureaucrats making decisions on our behalf without our input. It’s something that’s just absolutely not acceptable.”

Roguski went on to contend that the WHO’s true goal with the global accord is to force countries to make substantial financial investments into experimental and unproven vaccines.

“The thing to realize … is that it doesn’t have any resemblance to what people would think of as health,” he pointed out. “It’s really a financial venture capital prospectus to literally get developed nations to invest money in infrastructure, in developing nations, to build out more laboratories, more testing facilities, more mRNA manufacturing facilities. … [The] Global Preparedness Monitoring Board put out a report … tracking the mRNA manufacturing plants in Africa. [W]hat they’re really looking for is not an evaluation of the mistakes that happened over the last three or four years. They’re more than doubling down. They want to build the infrastructure to do more of what they did to us over the past four years.”

As the WHO considers amendments to the accord at its planned meeting in Geneva, Switzerland next week, Roguski strongly encouraged the public to contact their representatives and urge them to reject the amendments.

“[T]here’s an 18-month period for every nation on the planet to reject the amendments that the Biden administration shoved through on May 27, 2022,” he explained. “[We] put together a page, which is rejecttheamendments.com, where people can download a letter, sign it, and just mail it to your congressmen [and] your senators. … I really want the Senate to pay attention and submit H.R. 79, or at least a copy of it in the Senate, so those amendments can still be rejected.”

“I certainly feel that the senators and members of Congress should come together, understand this issue, and realize that they need to take action because their silence is viewed as consent,” Roguski underscored. “And that is just absolutely not acceptable.”

AUTHOR

Dan Hart

Dan Hart is senior editor at The Washington Stand.

EDITORS NOTE: This Washington Stand column is republished with permission. All rights reserved. ©2023 Family Research Council.


The Washington Stand is Family Research Council’s outlet for news and commentary from a biblical worldview. The Washington Stand is based in Washington, D.C. and is published by FRC, whose mission is to advance faith, family, and freedom in public policy and the culture from a biblical worldview. We invite you to stand with us by partnering with FRC.

Job Gains Fall Short Of Explanations As Unemployment Ticks Up thumbnail

Job Gains Fall Short Of Explanations As Unemployment Ticks Up

By The Daily Caller

The U.S. added 150,000 nonfarm payroll jobs in October as the unemployment rate ticked up to 3.9%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists had anticipated that the country would add 180,000 jobs in October compared to the 336,000 jobs that were added in September and that the unemployment rate would remain at 3.8%, according to Reuters. On Wednesday, at the conclusion of its Federal Open Market Committee meeting, the Federal Reserve announced that it would be keeping its federal funds rate steady in the range of 5.25% and 5.50%, a 22-year high, after a series of 11 rate hikes that started in March 2022 in an effort to tame inflation.

The healthcare sector reported the largest increase in jobs, adding 58,000 for the month of October, with the government following closely behind, adding 51,000 for the month, according to the BLS. Employment in manufacturing fell by 35,000 in October, reflecting strike activity in the sector, particularly from the United Auto Workers, who engaged in a partial strike against Ford, Stellantis and General Motors.

The number of jobs added in previous months was once again revised down, with August adding 165,000 jobs instead of 227,000 and September adding 297,000 jobs instead of 336,000, according to the BLS. The U.S. economy added 101,000 fewer jobs than previously thought due to these revisions.

The economy grew at a blistering pace in the third quarter of 2023, with Gross Domestic Product rising 4.9% year-over-year. The gain was driven by consumer and government spending, while average Americans drain their savings, boosting consumption.

Initial UI claims rise slightly but remain relatively low; continuing claims rises above 1.8 million; in addition to layoffs, businesses are not replacing voluntary job leavers at previous pace, so initial claims are filtering through to continuing more – expect this to continue: pic.twitter.com/gT3EIU5V8a

— E.J. Antoni, Ph.D. (@RealEJAntoni) November 2, 2023

Inflation remained elevated in September, rising 3.7% year-over-year, the same as in August, far from the Fed’s 2% target. Inflation has decelerated since its peak of 9.1% in June 2022.

“Last month’s jobs report was nowhere near as rosy as the headline numbers made it appear, as the hiring in September was essentially all part-time jobs and disproportionately public sector,” Antoni told the DCNF. “Also, real weekly earnings fell, both month-over-month and year-over-year. The broader economic outlook remains soft, with a recession likely in early 2024. Slower job growth, and then eventual job losses, will assist in determining precisely where we are on that timeline.”

While September’s job report showed higher-than-expected growth, the number of Americans employed in full-time jobs dropped by 22,000. In that same time period, the number of Americans employed in part-time positions increased by 151,000 as more Americans took part-time jobs and even second or third jobs to make ends meet.

AUTHOR

WILL KESSLER

Contributor.

RELATED ARTICLE: One Of The 2010s’ Trendiest Startups Plans To File Bankruptcy: REPORT

EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.


All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Weekend Read – The Gem of Unplanned Pregnancy Options: ‘Open’ Adoption thumbnail

Weekend Read – The Gem of Unplanned Pregnancy Options: ‘Open’ Adoption

By Terri Marcroft

Editors’ Note: The following essay is the third of three by Theresa Marcroft published in The Prickly Pear. This series is an important contribution addressing the crisis of unplanned pregnancies in America. The first essay, Weekend Read: How Abortion Hurts Women, presents the very real long-term physical and mental health dangers prior abortion causes, largely ignored and denied by pro-abortion advocates. The second essay,   Weekend Read: The Harsh Reality Behind Single Parenting, discusses the very difficult job of raising a child or children without a spouse, predominantly as single mothers. The high percentage of poor outcomes for children of single mothers, i.e., fatherless homes, is tragic and a major factor in the breakdown of America’s social and cultural fabric. The Prickly Pear is proud to publish Ms. Marcroft’s presentation of a win-win solution, truly The Gem of Unplanned Pregnancy Options: ‘Open’ Adoption.

This article is very timely in that November is National Adoption Month – truly a celebration of life and the essential role of loving families in the lives of all children. 

Introduction

Each year, almost three million American women face an unplanned pregnancy. When a pregnancy is unwanted, and those involved are not ready, willing or able to parent, that is a dilemma with no perfect solution.

The obvious options for one facing an unplanned pregnancy are abortion, parenting and adoption, but few among us know much about the pros and cons of those three options. Let’s explore that third option.

Adoption Practices of the Past

What most people know today about adoption is based on preconceptions rooted in the past. Before the 1990s, most US adoptions were ‘closed’: the woman who gave birth was not allowed any information about the adoptive family. She was not permitted to have any ongoing relationship with her child, and vice versa. In many cases, the adoption and the very existence of this new person were carefully guarded secrets, and all involved shared an unspoken pact never mention it again.

Some adoptions were closed as a way to protect the privacy of the birth mother, as well as the birth father and their families. Closed adoption meant no fear that the child could someday find them and ask questions or interfere with their lives.

In those days of closed adoption, the decision to place or to parent typically was not made by the pregnant woman herself: She was often forced into choosing adoption by her own parents who didn’t want the embarrassment. “What would the neighbors say?” The pregnant girl was sent far away to live with a distant relative until the baby was delivered and “given up.” Then things could return to “normal.”

Sometimes a closed adoption was the preference of the couple adopting because they wanted to pretend that the child was theirs from conception onward. The adopted child was often not told that they were adopted. He or she grew up assuming—or being told—that their story was no different than any other child born to any other couple. But the adopted child knows that something is off. It’s just hard to pinpoint exactly what. Since families are not good at keeping secrets, the adoptee would usually learn the truth eventually. With that revelation comes a tidal wave of feelings of betrayal: “My whole life has been a lie!” “My parents did this to me??”

Secrecy was the hallmark of closed adoptions. And secrets are nearly impossible to keep.

Whether the closed aspect of the adoption was the will of the birth family or the adoptive family, it was a path often chosen out of fear—a fear that being honest would somehow result in rejection, shame, confusion or disapproval. For a myriad of reasons, the adopted child’s true story was buried and replaced with a carefully crafted tale.

As a result:

1. The woman who placed her baby was never able to grieve. Imagine going through the trauma of parting with your child and never being able to talk it out, receive needed help, or heal. She was not able to know the next chapter in her baby’s life or to stay in touch and see how her baby fared in the new family she made possible. Nor did that new family even acknowledge her—or the gift she gave them.
The story just ended, abruptly and without any closure.

2. Many adopted children eventually feel a desire to find and connect with the birth parents. All children want to know where they came from. It is an innate curiosity that causes children to want to know their story. For many, some milestone in their lives sparks the search. It might be their wedding, the birth of their first child, or the marriage of a child. Many search and wonder for years; many never find any results or closure. Many adoptees only find their birth parents after a great deal of research and effort. That long and painful search is a by-product of closed adoptions.

The search often leads them to sealed adoption records. Each state has different laws about opening these records. Recently, several states have chosen to “unseal” records. Other states do not allow adoption records to be unsealed and released. Sometimes the records are forever lost—destroyed in fires or moves. In these cases, the curious adoptee is left with many unanswered questions that can be painful for the rest of his/her life.

That is trauma layered on top of trauma. It’s no wonder that adoption horror stories abound.

We have come a long way since then.

We now know the harm that was caused by the practice of forced, closed, secret adoptions. Thank God those days are gone! Adoption has successfully evolved into something entirely different today.

A massive shift has taken place. The practice of adoption has completely flipped — from the closed adoptions of the 1950s, 60s and 70s to the almost entirely open adoptions of today. If there is such a thing as a “typical” infant adoption scenario in the US today, that new norm nationwide is called open adoption.

What does open adoption really mean?

It is actually a continuum of openness: Each family navigates the waters until they find the balance of contact and distance that works for them. Visits and privacy are a tradeoff, and geographical distance between the parties will require more work and planning to stay connected. Some want more contact, gathering regularly to celebrate holidays in person. Others are satisfied to exchange letters, photos, or social media posts.

At the core of open adoption is a world of possibilities. There are an infinite number of ways to structure any ongoing relationship. And adoption is no different. A continuum of options are possible. And when a family structures these new relationships in the way that works for all, inside the limits of their comfort zone, they know it. They can feel it.

Open adoption means ‘possibility’…

For the Birth Parents

Open adoption means peace of mind. The birthparents can rest assured, knowing that their child is thriving with parents who overcame many hurdles before welcoming their new child into the family. Ideally, the transparency and openness of the adoption allows the birth parents to stay informed about the child’s progress. It often includes ongoing communication between the birth family and the adoptive family. In some cases, this is worked out gradually and informally. If both the birth parent and the adoptive family want an increased level of contact and visits, they can arrange that. In other cases, adoption agencies actually require a set schedule for birth family visits to be included in the adoption contract. Sometimes there are negative experiences when the birth family and adoptive family have different expectations and cannot find a compromise. Open adoption works best with open communication.

For the Adoptee

Open adoption means that the child’s questions are answered.

The child will first ask, “Why did my mom choose adoption for me?” The reasons for that choice are as different as each woman who places her child, but the theme running through those stories is that the birthmother was not able to parent at that time in her life, and she loved her child so much that she wanted the best for him or her. She chose to place the child’s best interests above her own. It’s a brave and selfless act of pure love. Learning that the decision was extremely difficult and made from a place of love is very reassuring for a child.

For the Adoptive Parents

Open adoption means information.

Some adoptive parents are lucky enough to share the last few months of the pregnancy with the birth parents—they get to know them and gather some insight into their stories. They can also access genetic and medical information to best care for their child in the future. They will be able to provide doctors with fuller history so they can then choose the right course of treatment. It’s also possible to gather and preserve cord blood at the birth. It’s also helpful to know ancestral histories of various medical and genetic conditions and proclivities, such as alcoholism, asthma, arthritis, diabetes, heart conditions, and certain types of cancer. All of that can be very helpful.

There is no ideal level of openness. As with any ongoing relationship, work and communication are required in order to strike the balance that works well for the adoptive family and the birth parents.

The basic idea underlying open adoption today is transparency. In most cases today, children are aware of their background stories. They know they were adopted and why they were adopted. Their birth mother chose adoption at a time in her life when she felt she could not parent; she was not ready, willing, or able (perhaps all three) to parent well. So, she made the very difficult decision to go forward with her pregnancy, then thoughtfully chose parents for her baby, and then intentionally placed her child with them. The reward for making that huge sacrifice is knowing that she has helped to create a family, and being able to watch her child grow up, maybe even be treated like a member of the family.

Even when a woman doesn’t face pressure to place her child and the adoption is 100% her decision, it’s still quite challenging. Most birth mothers describe adoption as the most excruciating, difficult decision they have ever made, but one that they knew, with all their heart, was right.

These women go on to describe the rewards of seeing their baby raised in a happy, stable family. The ability to stay in touch and remain a part of the child’s life is one of the key benefits of open adoption. Observing the child’s upbringing is also a large part of the healing process for birth parents. After a necessary initial grieving period, the visits and other forms of communication can be helpful to both the birth mother and birth father, knowing that their child is well-loved.

In addition to providing transparency, another pillar of open adoption is ongoing communication. The open relationship makes this possible, but whether or not all parties opt to communicate regularly is up to those involved. This usually evolves over time. Some need distance in the first few years after the birth; some bond quickly and become a new extended family sooner. There are many possible scenarios, and there’s no “right” way to do this. Each open adoption is as unique as the humans that comprise it.

The bottom line is open adoption offers options. It offers connection. It offers answers. The people involved can forge the path and set the new traditions that work for them because everything is possible. Staying in touch is possible. Communication is possible. Loving relationships are possible.

And in this world, who would turn down one more person to love them? And one more person to love?

Summary

Current US culture presents two choices for women with unintended pregnancies with two choices and paints an unrealistic picture of both: abortion as a safe, quick, painless answer, and (often single) parenting as a glamorous, empowering adventure. Then we dupe women into believing this mirage of “solutions” by withholding the rest of the story.

But there is another choice!

More widespread education about open adoption is needed to enlighten the public so they can better advise, assist, and advocate for open adoption. Understanding the upsides of adoption done well, and openly is key. It has changed drastically in the last three decades and is a much healthier practice today. Understanding the downsides of both abortion and single parenting is another piece of the unplanned pregnancy puzzle.

The women and men who choose adoption for their babies do so out of a powerful love. They do work through the difficult times and often emerge stronger on the other side, proud of themselves and ready to embark on life’s next journey. Often the birth parents are happy that their child is being raised by people who are ready, willing, and able to parent well. And, they are often quite happy to become a part of the family they’ve helped create.

*****

Terri Marcroft is an adoptive Mom to her 24-year old daughter. Terri is the Founder and Executive Director of Unplanned Good, an organization dedicated to promoting open adoption for women facing unplanned pregnancy.

For more information, please see unplannedgood.org/. The article above is a condensed excerpt from her book Pro-Choice Pro-Adoption: It’s Time for a Loving, Positive Response to Unplanned Pregnancy published in 2022.

Photo Credit: Pixabay Free Stock

TAKE ACTION

As we move through 2023 and into the next election cycle, The Prickly Pear will resume Take Action recommendations and information.

Article In Qatari Daily ‘Al-Sharq’: Arabs Must Punish West For Supporting Israel By Imposing Oil Embargo On It thumbnail

Article In Qatari Daily ‘Al-Sharq’: Arabs Must Punish West For Supporting Israel By Imposing Oil Embargo On It

By Middle East Media Research Institute

Qatar | Special Dispatch No. 10926

In an October 31, 2023 article in the Qatari daily Al-Sharq, journalist Rabi’a bin Sabbah Al-Kuwari called to punish the U.S. and Europe for supporting Israel by imposing an oil embargo on them, stating that oil a weapon “more powerful than military weapons.” It should be mentioned that, in the same issue, Al-Sharq published an interview with Hamas official Moussa Abu Marzouq, who likewise called to withhold oil from the West. He enjoined the Arabs to “pressure the U.S. and its interests in the region the way [Saudi] King Faisal did in 1973 [i.e., by means of an oil embargo],” and added that “if the U.S. feels that its interests in the region are threatened, it will consider restraining the Israeli enemy.”[1] 

The following are translated excerpts from Al-Kuwari’s article: [2]


“If the Arab countries stop supplying oil to Europe and the U.S., it may teach the governments and the people of these countries many lessons and cause them to rethink their unreserved support for the Zionist enemy. The martyred Saudi king Faisal [bin Abd Al-Aziz Aal Sa’ud, 1906-1975] used this weapon during the 1973 war, when the world sided with Israel, and it proved to be the best decision [and the best] way to subdue the countries that are hostile to the Palestinian cause at every juncture and in every place.

“When Russia’s war with Ukraine broke out, the prices of oil and gas rose, and the Western countries began to suffer an economic downturn. These countries learned their lesson and the true scope [of their influence] in times of crises and wars. The Arabs must [now again] take such a collective decision to punish the West and cause it to recognize the value of human [life], regardless of nationality. On October 16, 1973 OPEC decided to cut oil production and ban the export of crude to the Western countries, especially to the U.S. but also to Holland, which at the time was arming the Zionist entity and allowing the U.S. to use its airports to aid Israel.

“Sadly, the Arab governments are still divided today, and, moreover, normalization with the Zionist entity has become widespread…

“We need a brave decision to formulate a joint Arab policy in order to defend our causes, especially since we have the strongest weapon at our disposal, namely the weapon of oil, which is undoubtedly more powerful than military weapons.”

Sources.

[1] Al-Sharq (Qatar), October 31, 2023.

[2] Al-Sharq (Qatar), October 31, 2023.

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EDITORS NOTE: This MEMRI column is republished with permission. ©All rights reserved.

Congress Headed For Showdown Over Ukraine, Israel Funds As Massie And Greene Say ‘NO’ To All thumbnail

Congress Headed For Showdown Over Ukraine, Israel Funds As Massie And Greene Say ‘NO’ To All

By Tyler Durden

House Republican opposition to Ukraine funding – a large part of why Kevin McCarthy was ousted by the Freedom Caucus – is solidifying under newly crowned Speaker Mike Johnson, who hand-delivered a report to President Biden with a list of demands.

In particular, the list – written by Rep. Mike Garcia (R-CA), informs Biden that Congress won’t authorize any additional funds for Ukraine unless the administration answers a dozen questions about the path forward. Chief among them – how Biden and Ukrainian President Volodymyr Zelenskyy plan to win the war against Russia, and how long it might take.

“Failure to ask these questions, and a continued willingness by Congress to enable this carte blanche mentality to date, is, in my opinion, a dereliction of duty and a recipe for disaster that will enable a Ukrainian defeat and enhance Chinese aggression,” said Garcia.

Johnson, meanwhile, has made clear that House Republicans won’t bundle Ukraine aid and money for Israel’s conflict with Hamas, as Biden wants.

On Sunday, Johnson told “Sunday Morning Futures” that Israel aid must be separated because it’s a more “pressing and urgent need” that the House will act on this week.

“There are lots of things going on around the world that we have to address, and we will,” he said, adding “But now what’s happening in Israel takes the immediate attention, and we’ve got to separate that and get it through.”

What about no on Israel too?

Rep. Marjorie Taylor Greene (R-GA) on Sunday posted on X that she won’t support any more foreign aid, including support to Israel, because of the national debt…..

*****

Continue reading this article at Zero Hedge.

Image Credit: Gage Skidmore

TAKE ACTION

As we move through 2023 and into the next election cycle, The Prickly Pear will resume Take Action recommendations and information.

Decolonization from Theory to Practice thumbnail

Decolonization from Theory to Practice

By Phillip W. Magness

Since October 7th, 2023, we have seen that ideas have consequences in the real world. Phillip Magness is an economic historian who specializes in the economic dimensions of slavery and racial discrimination, the history of taxation, and measurements of economic inequality over time. He also maintains an active research interest in higher education policy and the history of economic thought.

He joins Kate Wand on Liberty Curious to discuss his recent work on Critical Race Theory (CRT), its proliferation in academia and the mainstream, and its connection to the far left’s response to Hamas’ massacre of Israeli citizens. Phil Magness is a Senior Research Faculty and F.A. Hayek Chair in Economics and Economic History at the American Institute for Economic Research.

Read more of Phil’s work at philmagness.com
Phil’s Faculty profile at AIER.org
Enjoy the full catalog of AIER Podcasts
Phil’s Article on Critical Race Theory in the Data

Use these timestamps to navigate the interview content:
0:00 – Intro
1:35 – CRT in a nutshell
3:05 – CRT academics’ reactions to Oct 7
10:24 – Media spin
13:08 – Who is colonizing who?
17:07 – What is decolonization?
19:15 – The dangers of CRT in the real world
20:39 – The proliferation of CRT in academia
26:46 – Why are these ideas so seductive?
30:15 – Promises
33:07 – Silver linings?
37:20 – Last Thoughts

*****

This article was published by AIER, The American Institute for Economic Research, and is reproduced with permission.

Image Credit: Wikimedia Commons

TAKE ACTION

As we move through 2023 and into the next election cycle, The Prickly Pear will resume Take Action recommendations and information.

‘Palestinian’ Woman Featured in VOGUE to Jews: ‘We Will Drink Your Blood And Eat Your Skull’ thumbnail

‘Palestinian’ Woman Featured in VOGUE to Jews: ‘We Will Drink Your Blood And Eat Your Skull’

By The Geller Report

Savages are given enormous platforms for their monstrous hate while voices of freedom are censored, suspended, deleted. Is it any wonder we are where we are?

Ahed Tamimi was featured in Vogue in 2018.

If she keeps talking like this, they’ll be calling her back for another feature soon.

‘Palestinian’ woman who was featured in Vogue to Jews: ‘We will drink your blood and eat your skull’

Dear Israel,
Remember Ehad Tamimi? The girl who became the symbol of the Palestinian struggle?
Look what she wrote tonight on her Instagram:

“Our message to the settlers:
(We) are waiting for you in all the cities of the West Bank, from Hebron to Jenin.
We will slaughter you and… pic.twitter.com/LcIcnnBIjt

— Mossad Commentary (@MOSSADil) October 30, 2023

The fashion world has lost the plot:

I just deleted my accounts at @mytheresa_com and @NETAPORTER
The idea that they would stand with butchers, torturers, slaughterers, babies in ovens, girls so brutally raped their pelvic bones broken, 245 hostages… is beyond appalling.
Never again.https://t.co/CLuHSc9VP7

— 🇺🇸 Pamela Geller 🇺🇸 🇮🇱 (@PamelaGeller) October 31, 2023

AUTHOR

Pamela Geller

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Hostages Kidnapped By Hamas Climbs to 245

RELATED TWEET ON: Hamas Underworld Terror Tunnel City

As Israel begins targeting Gaza Terror Tunnel Network, Hamas Terror groups gives access to Russia Today journalist to visit the Tunnel Network. This is the RT on ground report from underneath Gaza. This is the Gaza Metro. pic.twitter.com/ei0AYEHwja

— Aditya Raj Kaul (@AdityaRajKaul) October 31, 2023

EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

Chinese Parent Of U.S. Battery Maker Has Business Ties With Blacklisted CCP Paramilitary Group thumbnail

Chinese Parent Of U.S. Battery Maker Has Business Ties With Blacklisted CCP Paramilitary Group

By The Daily Caller

Gotion High-Tech, the Chinese parent company of Gotion Inc., which intends to build electric battery plants in Michigan and Illinois, operates a joint venture in the People’s Republic of China (PRC) that contracts with a U.S.-sanctioned entity, according to a Daily Caller News Foundation review of Chinese-language news reports and business filings.

In May 2017, Gotion High-Tech Co. Ltd. established a joint venture with Shanghai Electric Co. Ltd. called “Shanghai Electric Gotion New Energy Technology Co. Ltd.,” according to Chinese news website Sohu.com.

“On the evening of May 12, Gotion High-Tech Co., Ltd. announced that it would jointly invest funds with Shanghai Electric Group Co., Ltd. (hereinafter referred to as ‘Shanghai Electric’) to establish Shanghai Electric Gotion New Energy Technology Co., Ltd.,” Sohu.com reported.

In July 2023, Shanghai Electric Gotion New Energy Technology’s social media account reported that the firm has been operating a battery energy storage system for a Xinjiang Production and Construction Corps (XPCC) power station located in China’s Xinjiang Uyghur Autonomous Region (XUAR).

“In days past, Shanghai Electric Gotion won the bid for the 60-megawatt / 180-megawatt per hour battery energy storage system for XPCC 1st Division 10th Regiment and State Power Investment Corporation’s 400-megawatt photovoltaic power generation project,” Shanghai Electric Gotion’s social media account stated.

XPCC signed a strategic cooperation framework agreement in 2020 with the state-run State Power Investment Corporation to “jointly promote the development of new energy projects, develop smart energy ecosystem and electricity support industries, cultivate talent, jointly build expertise and cooperate extensively in various other fields,” according to Sohu.com.

“The 400-megawatt photovoltaic power station of XPCC 1st Division’s 10th Regiment and State Power Investment Corporation is complemented by the 60 megawatt / 180-megawatt per hour battery energy storage system project located in XPCC 1st Division’s city of Aral, Xinjiang,” Shanghai Electric Gotion’s social media post continued. “This project’s energy storage system uses Shanghai Electric Gotion’s most advanced, standardized, modular, large battery core, liquid-cooling collection box, which by means of excellent system integration programs, will ensure the smooth connection of the project to the grid.”

In July 2020, the Treasury Department sanctioned XPCC for its human rights abuses, according to a press release.

“The XPCC is a paramilitary organization in the XUAR that is subordinate to the Chinese Communist Party (CCP),” the Treasury Department’s 2020 press release stated.

“The entity and officials are being designated for their connection to serious human rights abuse against ethnic minorities in Xinjiang, which reportedly include mass arbitrary detention and severe physical abuse, among other serious abuses targeting Uyghurs, a Turkic Muslim population indigenous to Xinjiang, and other ethnic minorities in the region,” said the Treasury Department. As a result of the sanctions, federal regulations generally prohibit all transactions by U.S. persons or within the U.S. that involve any property or interests in property of XPCC.

In June 2021, the Commerce Department added XPCC to the “Entity List” for “accepting or utilizing forced labor in the implementation of the People’s Republic of China’s campaign of repression against Muslim minority groups in the Xinjiang Uyghur Autonomous Region (XUAR).”

In January 2021, then-Secretary of State Mike Pompeo determined that the PRC is committing genocide against Uyghurs and other minorities in Xinjiang.

“After careful examination of the available facts, I have determined that since at least March 2017, the People’s Republic of China (PRC), under the direction and control of the CCP, has committed genocide against the predominantly Muslim Uyghurs and other ethnic and religious minority groups in Xinjiang,” Pompeo said in a 2021 press statement.

In 2022, the State Department’s Country Report on Human Rights detailed the extent of the PRC’s ongoing genocide and other crimes against humanity.

“Genocide and crimes against humanity occurred during the year against predominantly Muslim Uyghurs and members of other ethnic and religious minority groups in Xinjiang,” the State Department’s 2022 report reads. “These crimes were continuing and included: the arbitrary imprisonment or other severe deprivation of physical liberty of more than one million civilians; forced sterilization, coerced abortions and more restrictive application of the country’s birth control policies; rape and other forms of sexual and gender-based violence; torture of a large number of those arbitrarily detained; and persecution including forced labor and draconian restrictions on freedom of religion or belief, freedom of expression and freedom of movement.”

In August, Fox News reported that Gotion Inc. — which is “wholly owned and controlled” by Gotion High-Tech, according to a Foreign Agents Registration Act filing — had received a greenlight from Michigan Democratic Gov. Gretchen Whitmer and the Biden administration to “invest $2.4 billion to construct two 550,000-square-foot production plants” for electric vehicle (EV) batteries in Big Rapids, Michigan.

On Sept. 8, an Illinois government press release announced that Gotion Inc. also intended to build a “state-of-the-art $2 billion” EV battery plant in Manteno, Illinois, “bolstered” by state incentives.

The DCNF recently reported that Gotion High-Tech employs 923 CCP members. Additionally, the DCNF found that Gotion High-Tech launched a joint venture company with a “Communist Chinese Military Company Subsidiary” in 2016.

In August, Politico reported that Chuck Thelen, the vice president of North American manufacturing at Gotion Inc., claimed that “the Chinese Communist Party has no presence in the North American company.”

“The rumors that you’ve heard about us bringing communism to North America are just flat-out fear-mongering and really have nothing based in reality,” Thelen said, according to Politico’s report.

On May 12, 2017, Gotion High-Tech’s CEO Li Zhen — whom the DCNF recently reported serves as the party secretary for the firm’s CCP committee — met in Shanghai with Shanghai Electric’s then-CEO and party secretaryZheng Jianhua, for Shanghai Electric Gotion New Energy Technology’s signing ceremony, according to Sohu.com.

During the meeting, Li and Zheng signed an agreement stating that the joint venture’s main products would be “special vehicle batteries, smart energy storage products, including home energy storage, distributed micro-grid energy storage and power grid-grade energy storage,” Sohu.com reported.

A 2022 Gotion High-Tech business filing states the firm holds 45.4% of Shanghai Electric Gotion’s shares while Shanghai Electric holds 47.4%. Two other firms — Shanghai Xuneng New Energy Science And Technology and Shanghai Haohao New Energy Science And Technology — both hold another 3.6% of Shanghai Electric Gotion’s shares apiece.

While Shanghai Electric Gotion’s battery energy storage system in Xinjiang may be the first instance of Gotion High-Tech cooperating with XPCC, Shanghai Electric has been working on various projects with XPCC since at least 2012, according to a report on the website of the State-Owned Assets Supervision and Administration Commission of China’s State Council.

“Shanghai Electric and XPCC’s 8th Agricultural Division signed a general contract for phase one of the Tianfu Power Plant 2×660-megawatt project,” the Chinese government’s report 2012 states.

Several years later, Shanghai Electric’s chairman, Zheng Jianhua, traveled to Xinjiang in 2018 to meet with the autonomous region’s party secretary, Zhang Chunlin, to discuss how Shanghai Electric could help XPCC develop energy storage products for Xinjiang, according to Shanghai Electric’s periodical.

“Zheng Jianhua said that Shanghai Electric would marshal the might of the entire corporation to develop Xinjiang’s energy storage products,” Shanghai Electric’s periodical reported.

More recently, a delegation from Shanghai Electric met with the commander of XPCC’s 13th Division on August 10, 2023, according to XPCC 13th Division’s social media account. During the meeting, Shanghai Electric’s senior development manager announced his firm’s plans to invest in and cooperate with XPCC 13th Division as well as Shanghai Electric’s intention to enter into discussions with enterprises related to XPCC, according to XPCC 13th Division’s social media account.

Washington Republican Rep. Cathy McMorris Rodgers, who chairs the House Energy and Commerce Committee, told the DCNF that “the CCP does not share American values and virtues — including freedom of speech, the rule of law and basic human rights.”

“Yet, the Biden Administration continues to use government mandates and green light EV tax credits to benefit CCP-linked companies, like Gotion and CATL,” McMorris Rodgers said. “We cannot continue to hand China the keys to our auto future, which threatens American jobs and our national security.”

Gotion High-Tech, Gotion Inc., Shanghai Electric and Shanghai Electric Gotion New Energy Technology did not respond to multiple requests for comment.

AUTHOR

PHILIP LENCZYCKI

Investigative reporter.

RELATED ARTICLES:

Parent Of Firm Planning Mich. Battery Plants Has Joint Venture With ‘Communist Chinese Military Company Subsidiary’

Biden Policies Delivered $50-$60 Billion To Iran, World’s Top Terror Sponsor

EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.


All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Dozens Of GOP Reps Urge Speaker Johnson, Mitch McConnell To Repeal Biden Natural Gas Tax thumbnail

Dozens Of GOP Reps Urge Speaker Johnson, Mitch McConnell To Repeal Biden Natural Gas Tax

By The Daily Caller

Several dozen Republican lawmakers wrote to the newly-elected Speaker of the House asking him to repeal an emissions reduction program from the Inflation Reduction Act (IRA), according to a copy of the letter obtained exclusively by the Daily Caller News Foundation.

Rep. August Pfluger of Texas wrote the letter, which urges House Speaker Mike Johnson and Senate Minority Leader Mitch McConnell to repeal the IRA’s Methane Emissions Reduction Program (MERP) natural gas tax before the year’s end by including the MERP repeal in a possibly forthcoming legislative package. Pfluger and other prominent Republican signatories, such as Reps. Dan Crenshaw of Texas, Byron Donalds of Florida and Jeff Duncan of South Carolina, slammed the MERP as an excessive and unwieldy regulation that would stymie innovation and drive up costs for the American energy industry.

“The MERP is an inappropriate and highly unworkable tax on methane emissions,” the letter states. “If implemented, the ill-conceived natural gas tax will handicap technological innovation, reduce supplies of affordable energy, and increase both costs and emissions,” the letter continues, adding that “in order to lower costs for American families, we must repeal burdensome regulation, secure supply chains and unleash American energy.” 

Dem’s New Spending Bill Imposes Methane Tax To Fund ‘Environmental Justice’ Programs https://t.co/qUY46FNZfk

— Daily Caller (@DailyCaller) July 30, 2022

The MERP imposes a tax on emissions beyond 25,000 annual tons of carbon dioxide or an equivalent amount of pollution, according to the letter. Companies will be forced to collect the relevant data and pay a fee of $900 for every metric ton above 25,000 starting in 2024, which increases to $1,200 per extra metric ton in 2025 and then $1,500 per extra ton in 2026 and beyond.

“Through Congress’s historic investments in America, the Methane Emissions Reduction Program provides significant resources to states and stakeholders to reduce releases of harmful methane pollution, particularly in overburdened communities, to protect public health and slow the rate of climate change,” an EPA spokesperson told the DCNF. “The Biden-Harris Administration through EPA is implementing the program as Congress intended, working closely with states and industry to deploy resources and develop solutions that will cut emissions at their source.”

The tax is a “statutory codification” of the forced collection of emissions data under a specific sub-section of the Clean Air Act, according to the letter. The Environmental Protection Agency (EPA) is looking to overhaul that particular section of the Clean Air Act such that the agency can increase the scope and costs of the MERP.

New fees or taxes on energy companies will raise costs for consumers, creating a burden that will fall most heavily on lower-income Americans,” the letter states. “In fact, this tax alone will drive up the cost of household energy bills for the 180 million Americans and 5.5 million businesses that rely on natural gas. At a time of persistent inflation and record energy prices, this increase is unthinkable for consumers.”

The White House did not respond immediately to a request for comment.

AUTHOR

NICK POPE

Contributor.

RELATED ARTICLE: GOP Rep Urges Biden Official To Visit Region Where Admin Is Seeking To Curb Drilling To ‘Save A Lizard’

EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.


All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

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Halloween Horror: The Return of the Bond Market Vigilantes

By Mark Wallace

For those who make their living on Capitol Hill and at 1600 Pennsylvania Avenue, the real horror this Halloween won’t be the kids in their Halloween costumes or the scary movies in the cinema — it will be (and is) the return of the Bond Market Vigilantes.

Simply put, the Bond Market Vigilantes are a politician’s worst nightmare.  Politicians make their living collecting bribes dressed up as campaign contributions from lobbyists of every ilk.  In return, the politicians pass legislation expressly designed to line the pockets of the various interest groups that the lobbyists work for.  Oftentimes, the legislation itself is drafted by the lobbyists’ lawyers.  Some interest groups are so large — for example, senior citizens collecting Social Security and obtaining their health care through Medicare — that even lobbyists are not particularly needed to keep the money flowing.  When a vote to reduce Social Security entails political suicide, the situation more or less takes care of itself.

In other words, virtually the entirety of the Capitol Hill kabuki show involves keeping the U.S. Treasury’s money flowing to the country’s most important and influential interest groups, be they a single corporation, an entire industry such as Big Pharma, or a large segment of the population.

But what happens if something occurs that imposes highly undesirable consequences when the existing money flows continue or, God forbid, increase?  That’s where the Bond Market Vigilantes come in.  During the week of March 31, 2020, the thirty-year U.S. Treasury bond contract on the futures exchange traded as high as 191.688.  In the most recent week that ended on October 27, 2023, that same contract traded as low as 107.125.  That’s nearly a 50 percent drop from the high in one of the world’s most important securities.  It’s a drop that occurred over three and one-half years, so we are not dealing here with a flash in the pan or a sudden panic but rather a considered judgment by some of the world’s most respected and intelligent investors that leaving money in the hands of the United States Government for a long period of time (say, 30 years) is a very, very bad idea.

And why would it be a bad idea?  Not because the U.S. Treasury cannot be relied upon to pay those 30-year bonds in full at maturity in fiat currency.  The Federal Reserve can print whatever quantity of fiat currency (at this point in the article I am going to cease calling it “money”) it wants to, there’s no doubt that the Fed will manufacture out of thin air a sufficient quantity of fiat currency “I-owe-you-nothings” (as the great central banker John Exter called the Treasury’s greenbacks) to pay maturing 30-year Treasuries at their full face value.

No, the problem is not full payment at maturity, the problem is what will those wheelbarrows full of greenbacks will be worth when the 30-year Treasuries finally matureThe judgment of those investing in 30-year Treasuries — we can now call them the Bond Market Vigilantes — is that those wheelbarrows full of U.S. fiat currency being rolled out in 2053 won’t be worth a whole lot.

The Bond Market Vigilantes are a nightmare for Washington’s politicians and bureaucrats for a variety of reasons, the most important of which are the profoundly negative effects on the Federal Government’s budget, the financial markets and ultimately the economy itself.  Higher interest rates mean more fiat currency going to pay interest (obviously) and less being available for the various interest groups feeding at the Federal Trough.  Now, although it’s true that even more fiat currency can be printed to both pay the interest and pay the interest groups in full, that would just make the Bond Market Vigilantes even more anxious to exit 30-year Treasuries and thus would force long-term interest rates even higher.

High-interest rates have a depressing effect on both the financial markets and the economy.  If those rates move high enough, both would be crushed, and nothing makes an incumbent politician more likely to get voted out of office than a crashing stock market (“Sir, your IRA is now worth only half of what it was worth last year”) and an economy in depression (“Mr. Smith, we lost half of our customer base, so your services are no longer required”).

Three and one-half years of declining Treasury Bond prices is a long time, folks, and it should be obvious to all those not blind that we are now in a new era where rising long-term interest rates and falling prices of U.S. Treasury securities imposed by the Bond Market Vigilantes constitute a slowly-tightening noose around the necks of politicians long used to spending like drunken sailors.

Collectively, the Bond Market Vigilantes represent a “new sheriff in town.”  It’s not for nothing that Democrat strategist James Carville stated that if he died and were reincarnated, he wouldn’t want to come back as president or pope — he would come back as the Bond Market.

*****

Image Credit: Shutterstock

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Stocks Look for Seasonal Strength

By Neland Nobel

As reported in the past few missives on the subject, stocks, and bonds have been having a generally tough time.

We warned that this was going to happen, and we were lucky enough to get the call right.  Weakness continued through the month of October and just might extend into the first weeks or so of November.

Many assumed the recent strength was “a new bull market.”  We expressed doubts, in part because of the trend in interest rates and also because valuations remain quite high.  But we admit we did not anticipate how weird this market would prove to be.  While the market is still nominally up for the year, only 27% of stocks in the S&P are trading above the longer-term 200-day moving average.  In the case of the broader NYSE average, only 28% are above their 200-day moving average.

Can you have a bull market with almost three-quarters of the stocks within the broad equity indices heading down?  Not really.  What you can say is that a handful of mega-cap stocks can make the market appear to be in an uptrend, when the bulk of shares are actually going lower.

We have urged caution by suggesting more money in market-neutral cash and short-term bonds, and less money in equities and long-dated bonds.  Now that short-term T-bills pay over 5%, it has been a good place to be.

During this most recent decline, results have varied depending on the time period measured and which sector of the market you may be positioned.

The best performer has been Big Tech, which is responsible for most of the gains in the S&P 500, due to the capital-weighted nature of that index.  That said, indications are that this leadership is now weakening.

But QQQ, which represents the 100 largest companies in the NASDAQ is up 30% or so on the year. That looks quite good at first glance.

However, the tendency to measure results in one-year increments can be deceptive.  Most indices peaked out by the spring of 2021, or a bit earlier. So, if you look at a three-year time frame, the QQQ is down about 14%.  Since inflation has soared in the past three years of Bidenomics, the real performance is not as good as headlines would suggest.

The widely followed and indexed S&P is up about 11% so far this year but is down about 12% from its high reached in 2021.

However, the equal-weighted S&P, which removes the distortion of the “Magnificent Seven” big tech companies, is down about 2% so far for the year, but down 18% from its high a few years ago.

The Russell 3000 (IWV) represents smaller companies.  The so-called “small cap” has been having a rough time. It is down 10% so far this year, and down about 14% from the highs three years ago.  This may be because balance sheets and cash holdings are weaker for small companies and the rise in interest rates is playing havoc with their refinancing costs.

However, other sectors have soared.  XLE, which represents traditional hydrocarbon energy, is up 188% over the past three years.  Money managers that kicked oil stocks out of their portfolios for green/political reasons, did their investors a terrible disservice. ESG funds have generally seen large outflows and people seem finally to be souring on “woke” investing.

Sharply rising interest rates have taken a modest toll so far on equity prices but have created the worst three-year return for bonds in American history.  TLT, an index that measures the value of longer-term treasury bonds is down a whopping 43.5% or so from the high reached three years ago.

Thus, with stock and bonds both struggling during the Biden period, the typical 60% equities and 40% bond allocation has been a loser, especially if measured against inflation during that period.  Bottom line, most investors taking a diversified approach, have lost ground over the past three years, and largely so far this year.

Don’t be too upset with your financial advisor.  They simply have not had good markets to work with and concentrated bets that have been good would have violated the prudential rules that they must abide by.

There is some hope, at least in the short term. Stocks have now become pretty oversold on a momentum basis.  In addition, stocks tend to do well from Thanksgiving and into January.  Of course, there is no guarantee, but that is the history.

Complicating matters, 3Q GDP was strong, suggesting the FED cannot ease back on interest rates anytime soon, which muddies the picture of the “seasonal strength” stocks usually show in the period just ahead.

In addition, the massive size of government debt issuance is putting downward pressure on bond prices, which is another way of saying interest rates are rising for market-driven reasons of supply and demand and are now out in front of the FED, which has “paused” rate increases.

Given how sharply interest rates have risen, we are a bit surprised stocks have not done worse.

It is somewhat surprising the economy likewise has done as well as it has. But it simply may be that huge fiscal stimulus has delayed the pain and that it will come in time.  Interest rates on home mortgages are now breaching 8%, and real estate turnover has slowed to a crawl.  Most consumers have their money tied up in their homes and it has been the consumer who has carried the economy.  Also, the cash hoard the public had built up from all the “stimulus” checks has now largely been dissipated. This in turn explains the explosion in credit card debt as people try to continue to support their standard of living.  But borrowing at credit card rates to maintain a standard of living is like a snake eating its tail.

Rising rates have kept the dollar strong, driving up the trade deficit and creating a headwind for gold.

Gold is up about 11% over the past three years, which is not a terrible performance given the strength of the dollar.  Measured in most other foreign currencies, gold is already at new highs while in dollar terms it hovers just below old highs.

Gold is now showing better relative strength than the stock market.  Given the runaway deficit spending, likely more defense spending, a probable slowdown that will force the FED to pivot, the chance of expanding war, and political chaos next year; investors may want to look seriously at gold.  It is currently “oversold” and Western investors continue to bail out of gold bullion ETFs, while most central banks continue to buy gold quite aggressively.  Weak hands are selling, strong hands are buying, and the public is not paying much attention to gold.  Fundamentally, that is a good setup for the yellow metal.

We view gold more as insurance against political mismanagement of money, and that seems more necessary than ever.

The first gold purchases should be in the form of bullion coins or small bars.  Investors should take delivery of the actual metal itself and store it safely.

Our longest-term advertiser would be a good place to start. Call American Precious Metals at 602-840-5500 or 1-800-522-GOLD.  If you are inclined to buy, please support them and The Prickly Pear.

Insofar as stocks are concerned, the short-term weakness has not yet broken what we believe remains a primary bull market.  However, continued deterioration has occurred with daily prices now falling below the key 200-day moving average, and shorter-term 21-day and 50-day have crossed and rolled over to the downside.

Certainly, the stock market is oversold and due to bounce.  But higher interest rates are doing their damage and while the recession call by many seems to have been too early, 2024 could still see a recession emerge.

The yield curve remains inverted, but it is starting to de-invert. Market declines have often occurred during the de-inversion process.

We also have growing concerns about a “credit event” that could shake markets. Years of zero or near-zero rates made use of heavy financial leverage quite popular.  As rates rise, assets sensitive to rates such as bonds and mortgages decline in value.  Those institutions that hold them like banks, insurance companies, finance companies, and pensions, have suffered substantial losses. We don’t really have special insight as to where the problem will reveal itself but rest assured somebody out there is taking a beating.  As we are seeing in China, it is possible the credit event could start abroad and spread here or it will be of domestic origin.

This chart will give you an insight.  Huge amounts of domestic corporate debt come due over the next five years and must be refinanced at much higher rates.  For the marginal borrower, this is going to be painful, if not fatal.

Therefore, other than some seasonal strength and a bounce from an oversold condition, we remain cautious about heavy allocation to stocks and prefer to park in 5% plus short-term T-bills while we await more information.  Stay in high-quality debt.

Much celebration has occurred because of the strong Q3 growth reported.  However, those who like to parse the numbers complain that almost all the growth is attributable to huge Federal spending.  Government spending is approximately 37% of GDP.

What is true though is the Friday PCE (Personal Consumption Expenditure) inflation numbers were bad, well above the FED’s 2% inflation rate.  Let’s face it.  The FED and Biden uncorked inflation and they can’t get it back into the bottle.  The market’s hopes for lower rates look increasingly bleak.

*****

Image Credit: Shutterstock

Chart: Jesse Felder

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As we move through 2023 and into the next election cycle, The Prickly Pear will resume Take Action recommendations and information.

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Zero Net by 2050 Has Zero Chance Of Succeeding

By Dr. Thomas Patterson

Arizona State University President Michael Crow believes we are in such danger that we should amend the US Constitution to empower the government to deal more expansively with climate change. Dr. Crow’s view that constitutional protections of our liberties should be eliminated when they become inconvenient wouldn’t square with the founders’, but his estimate of the dangers and required remedies for our changing climate are quite mainstream.

“Net-zero by 2050” has become an article of faith among our corporate and academic elites, no longer requiring proof or intellectual defense. The notion that we must eliminate all carbon emissions by mid-century if we want to save the planet is the organizing principle for environmental, social, and corporate governance (ESG) investing.  In 2022, it was mentioned more than 6,000 times in filings with the Securities and  Exchange Commission.

The SEC has helpfully proposed climate disclosure rules to help investors “evaluate the progress in meeting net-zero emissions and assessing any associated risk“. Skeptics are sidelined as “climate deniers”.

But mounting scientific evidence suggests that net zero is wildly impractical and probably not even achievable. In September, the Electric Power Research Institute, the research arm of the US electric power industry (which would seem to be naturally inclined to support proposals that increase reliance on electricity), released a sober report on the practicality of net zero.

Their study concluded that “clean electricity plus direct electrification and efficiency…are not sufficient by themselves to achieve net-zero economy-wide emissions”. Translation: it can’t be done. No amount of wind turbines, solar panels, battery power, fossil fuel, or other available technologies will achieve net zero by 2050.

Furthermore, even “deep carbonization”– drastic reductions in atmospheric carbon levels – is an impossible dream. With natural gas and nuclear generation forced to the sidelines, that would require options like carbon removal technologies, which would cost a quadrillion (million billion) dollars, which would…well, you get the picture.

Finally, the report concludes living in a net-zero world may not be all that great. Supply chains operating only on electricity and the reliability and resiliency of a net-zero electricity grid could be highly problematic.

The response to this nonpartisan and obviously consequential report was silence. There has been essentially no media coverage. No climate activists rushed to dispute the methodology nor challenge the conclusions.

This is a significant tell.  You could assume if the eco-activists were genuinely concerned about our climate future, they would have some interest in responding to this major challenge to their assumptions. But they ignored it to cling to their groupthink.

Yet other indications that the transition to renewable fuels is already off the track keep coming. The government-certified North American Electric Reliability Corp recently issued its 2022 Long-Term Reliability Assessment. NERC concluded that fossil fuel plants were being removed from the grid too quickly to meet electricity demand, putting us at risk for energy shortages and even blackouts during extreme weather.

But wait, there’s more. PGM International, a large grid operator in the Northeast, recently released projections indicating it will soon lose 40,000 MW, 21% of its generation capacity. The looming plant closures are mostly “policy-driven” by onerous EPA regulations and mandatory ESG commitments.

Renewables, although lavishly subsidized to replace the lost electricity, consistently underperform and will be able to produce at most half of the electricity lost.  Meanwhile the government is perversely mandating electric vehicles, appliances and whatever.

Finally, the repeated assertions of settled science were unsettled by 1,609 scientists and professors worldwide signing a “No Climate Emergency” declaration. The document was issued by Climate Intelligence or Clintel, a nonpartisan self-funded, independent organization of scholars whose only agenda is “to generate knowledge and understanding of the causes and effects of climate change and climate policy”.

They point out that there is no basis for claiming an upcoming existential crisis.  Carbon dioxide is not primarily a pollutant but a necessary basis for life. Moreover, there is no statistical evidence that global warming is intensifying natural disasters. Panic is dangerous, with the potential to plunge us into perpetual poverty.

They charge that climate science has degenerated into a discussion based on beliefs, not on “self-critical science”. Historians of the future, reflecting on our era of hyper-politicized science, will undoubtedly agree.

*****

Image Credit: Pixabay

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Investors Abandoning “green” Energy As They Realize It’s Never Going To Be Cheap thumbnail

Investors Abandoning “green” Energy As They Realize It’s Never Going To Be Cheap

By Joanne Nova

Kathryn Porter in The Telegraph, has compiled quite the list of failures as offshore wind projects get frozen around the world.  Decisions are being delayed, contracts abandoned, auctions left without bidders and almost no new projects started. The awful truth of inflation, the maintenance cost shocks, and cable failures is all too much. Then there was the problem of needing 100 years of copper, nickel and lithium production before Christmas.

It’s all been kept quiet. Who knew there were no offshore wind investments in the EU last year, apart from a few floating projects?

After years of subsidies, wind power was meant to get cheap enough to be profitable and competitive all by itself, instead, 25 years later, it just needs bigger subsidies. When the great oil and coal price crunch came, wind power was supposed to rise through the ashes, instead, we discovered that wind turbine and battery factories needed cheap coal and oil like the rest of the economy.

Right now Australia has no offshore wind turbines and is about to jump onto a burning ship:

The myth of affordable green energy is over

Kathryn Porter in The Telegraph,

Progress is stalled around the world as nobody wants to admit the real costs

Turbine manufacturers have been losing money hand over fist in recent years. Collectively over the past five years the top four turbine producers outside China have lost almost US$ 7 billion – and over US$ 5 billion in 2022 alone.

But the losses have also been driven by pricing structures designed to win market share, and aggressive windfarm developers who have refused to pay up, often while pocketing billions in subsidies. The market has started to look, if not like a Ponzi scheme, then like a house of cards built on the shakiest of foundations.

Offshore wind projects have been drying up around the world. During the whole of 2022, there were no offshore wind investments in the EU other than a handful of small floating schemes. Several projects had been expected to reach financial close last year, but final investment decisions were delayed due to inflation, market interventions, and uncertainty about future revenues. Overall, the EU saw only 9 gigawatts worth of new turbine orders in 2022, a 47 percent drop on 2021.

Over in the United States, despite the massive support offered by the Inflation Reduction Act, windfarm projects are also struggling. Orsted, the global leader in offshore wind, has indicated it may write off more than US$2 billion in costs tied to three US-based projects – Ocean Wind 2 off New Jersey, Revolution Wind off Connecticut and Rhode Island, and Sunrise Wind off New York – that have not yet begun construction, saying it may withdraw from all three if it can’t find a way to make them economically viable.

Meanwhile, projects off New York are asking for an average 48 percent increase in guaranteed prices that could add US$ 880 billion per year to electricity prices in the state.

Investors are starting to run

The S&P Global Clean Energy Index is down by 30% this year and most of that is in the last three months:

The S&P Global Clean Energy Index, comprised of major solar and wind power companies and other renewables-related businesses, has lost 30 percent in 2023, with nearly all of the decline since July.

By contrast, the oil and gas-heavy S&P 500 Energy Index is up slightly this year.

In the last three years, the real S&P energy sector is up 287% (white line below), but the clean energy sector (the green line) is down 32%.

Energy Sector Index growth (white) compared to the Global Clean Energy Sector (green) in the last three years.

“The energy sector has been the best-performing market segment so far this month, with oil prices surging 30% over the past three months.” — Globe and Mail

Yahoo Finance graphs the extraordinary growth of the S&P 500 Energy Index since 1994.

*****

This article was published by CFACT, The Committee for a Constructive Tomorrow, and is reproduced with permission.

Image Credit: Pixabay

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Weekend Read: Mass Madness at Three [Getting Covid Right] thumbnail

Weekend Read: Mass Madness at Three [Getting Covid Right]

By Helen Andrews

As the narrative of the Covid era settles, it looks as if we are intent on forgetting what actually happened and who was responsible.

Pandemics have a way of falling out of historical memory. President George W. Bush read historian John Barry’s book The Great Influenza: The Story of the Deadliest Plague in History over vacation at his Crawford ranch in 2004; when he got back to Washington, he commissioned a national pandemic preparedness plan, the first in our history, at an eventual cost of over $7 billion. The reason Bush was so affected by this book about the Spanish Flu of 1918–20 is that he never knew anything about it before. Fifty million people died in that pandemic. Up to 4 million died in the Asian flu pandemic of 1957–58, including 116,000 Americans; 4 million people and 100,000 Americans in the Hong Kong flu pandemic of 1968. But these events don’t offer much in the way of lessons or narratives, so they become footnotes.

That is not what will happen to Covid-19. The lockdowns were a major event in world history. Nothing like it has ever happened before, and nothing will be the same after it. With most pandemics, after you have mourned the dead, there is not much more to say about them. There is a lot to say about Covid-19.

But what? Three years later, there is little consensus. When the Great Barrington Declaration was published in October 2020, its proponents predicted that its strategy of letting low-risk individuals carry on with their lives was the one everyone would endorse eventually. That seems to have been borne out. Politicians today apologize for having imposed too many restrictions, not too few. California’s Governor Gavin Newsom told a TV interviewer recently that, if he had known in 2020 what he knows now, “we would have done everything differently,” giving as an example the unnecessary closure of beaches and other outdoor spaces.

Far be it from me to interrupt my enemy when he is admitting defeat, but this is not good enough. Lots of people nowadays are willing to say they should have turned against lockdowns and school closures sooner than they did. But the right time to oppose these measures was from the very beginning.

Covid-19 will not be forgotten. The more embarrassing aspects of our reaction to it might be. Our collective understanding of the pandemic is currently so fluid that we can’t even agree on whether lockdowns were good or bad. Before a false narrative hardens into conventional wisdom, let us get a few things down in the record.

It was hard to know what was going on during the pandemic even for those of us who lived through it. All the usual sources of information we use to make sense of the world were either removed or corrupted. Casual conversations vanished. No more office, no more water cooler. Social media was censored. Usually, Twitter and Facebook are good places to check whether other people are having the same reactions to what’s going on in the world that you are. But censorship kept a lid on many discussions, including some that we now know to be perfectly valid such as the lab leak theory of Covid’s origins, the uselessness of masks, and the failure of vaccines to prevent the spread of the disease.

That left the mainstream news. Headlines gave the impression of a rolling catastrophe. The problem is that this coverage was highly selective. Young Mother, 36, Dies of Covid Hours After Giving Birth. Sad to say, pregnant women die of the flu in normal years, too, just as teenage athletes sometimes had heart problems before the vaccine came along. It may be a pattern, it may not. You can’t base your sense of reality on anecdotes.

There was a bigger problem with the news coverage. Usually, when you read a headline that’s too good to be true, you wait for all the facts to come in. It’s a common three-day news cycle: Dead lowlife’s friends say cops shot him in cold blood; the police department releases body cam footage showing the real story. Defense attorney says his client is being charged for some ridiculous non-crime; court filings show the prosecution’s side. Here is the problem: Hospitals don’t comment on internal matters. Patient privacy laws, plus general bureaucratic risk aversion, prevent it.

The result was that patients’ families could go to the press and say whatever they wanted and journalists ran their stories without checking if they were true. How could they have checked, if the hospitals wouldn’t comment? During the late 2021 surge, I read a story about an elderly man who died after being turned away from dozens of hospitals overwhelmed with Covid patients. Reading further, the source for the story turned out to be someone from my hometown whom I knew a little. A wonderful person, but not someone whose word I would take as gospel under any circumstances. Let us also say it did not surprise me that the article ended with a plea to readers to get vaccinated. In that case, the reporter did call the hospital for comment, but due to privacy laws, they could only confirm that a patient by that name had been in their care and had died.

Enough of these thinly sourced stories turned out to be false to raise questions about the whole genre. In September 2021, local news in Oklahoma reported that a rural hospital had run out of beds and was turning away gunshot victims after being swamped with patients who had overdosed on ivermectin, an antiparasitic drug used in both humans and animals that some doctors were touting as a treatment for Covid. Rolling Stone and Rachel Maddow ran with the story. The whole thing turned out to be fake. The hospital, in a public statement, clarified that the doctor who was the source for the story had not worked there in months and it had no patients currently being treated for ivermectin overdose.

A more grim example from March 2020 was the Arizona woman who claimed her husband died after the two of them decided to drink fish tank cleaner after President Donald Trump promoted a chemical with a similar name, hydroxychloroquine, as a Covid cure. “I saw it sitting on the back shelf and thought, hey, isn’t that the stuff they’re talking about on TV?” his widow told the local news. It turned out the wife was a longtime Democratic donor who had previously been arrested for domestic violence against her husband. Friends said the wife was unhappy in the marriage and doubted whether the deceased, a retired mechanical engineer, would have done something so irrational and impulsive. Nevertheless, journalist Lawrence Wright, who has a Pulitzer Prize, repeated the story uncritically in his book The Plague Year.

A viral video of a nurse claiming she was forced to work in a Covid ward without a protective mask, which was reported as news by CBS, turned out to be the work of a bipolar aspiring Instagram model. The most famous New York Post front page of the early pandemic, “TREATED LIKE TRASH,” featuring a photo of nurses wearing garbage bags, was later found to be staged (their real protective equipment was visible under their Hefty bags) and the hospital denied the alleged equipment shortage.

And these are just the ones we know about. Fortunately for the public, it was in the hospitals’ interest to protect their reputations by correcting stories about shortages and turning patients away, and they were able to correct them because no individual patients were involved. In cases where doctors might have given context to Covid deaths that seemed shocking—yes, he was only 28 but he weighed 300 pounds; yes, she tested positive for Covid but she died of an unrelated condition—they were prevented from doing so by privacy laws. That’s assuming they would have been willing to speak up in the first place, at the cost of being condemned by their peers for giving aid and comfort to pandemic denialists.

I participated in a back-and-forth exchange of open letters in a British magazine, the Catholic Herald, with French pundit Pascal-Emanuel Gobry in March and April 2020, which, looking back on it, makes an interesting time capsule. I questioned whether mortality figures were a useful metric if they did not distinguish between dying from and dying with, and Gobry wrote back: “My instinctive response is a version of Dr. Johnson’s ‘I refute it thus.’ Who knows if people are dying at a higher rate than in past years? Well, have you looked at all the overflowing morgues?” (Emphasis Gobry’s.)

Actually, on the subject of overflowing morgues, some of those stories were not as they first appeared. The most famous example in the United States was the Brooklyn Funeral Home where neighbors called the cops after smelling a foul odor and the police found U-Haul trucks full of decomposing bodies. The owner, Andrew T. Cleckley, later said only fifteen of the bodies retrieved were his. The other forty-eight belonged to other funeral directors to whom he sometimes rented his space, who kept bringing bodies “even after I said ‘Stop!’” He lost his license over this mismanagement, which was unique among funeral homes in the city.

But Gobry was right about one thing. The only way to get the truth about the pandemic was to rely on things you could see with your own eyes. I saw a jerry-rigged hospital go up in the local convention center at a cost of $31 million. When it was dismantled a year later, the mayor admitted it had never served a single patient. NPR ran a story in May 2020 titled “U.S. Field Hospitals Stand Down, Most Without Treating Any COVID-19 Patients.” The whole point of lockdowns, as they were sold to the public, was not to halt the spread of disease but to slow it down to prevent hospitals from being overwhelmed. These empty field hospitals, which the federal government spent over $660 million to build, made a mockery of “flatten the curve.”

Ross Douthat, himself very much a Covid hawk, admitted in a column of September 18, 2021, that he did not know anyone close to him who died in the pandemic. At that time, I didn’t either (there has since been one person). That might be a function of our social circles, although churchgoers do tend to know people across age groups and social classes. Douthat also pointed out that the invisible pandemic could have been brought home by the death of a celebrity in the prime of life, but all the celebrities felled by Covid seemed to be obscure or ancient. The two whose deaths made the most impression on me were John Prine and Herman Cain. Cain was 74. Prine was 73 and battling multiple cancers.

We know that government officials suppressed true information during the pandemic. We know they lied, probably deliberately, as Dr. Anthony Fauci did in his famous reversal on whether masks work. They did this because they had a powerful, all-purpose excuse: Even if what I’m saying isn’t true, at least it will raise awareness of the virus. It will encourage people to take it seriously. In 2009, the headmaster of the Horace Mann School in New York closed his campus prematurely over the swine flu scare before any student cases had been confirmed. “In the end, swine flu or not, we will emerge a healthier school with better health related practices,” he said. That was the mentality during Covid: No such thing as going too far.

They had another reason for lying. They wanted to get rid of Donald Trump.

Dr. Paul Elias Alexander is a Canadian epidemiologist who was brought in to the Department of Health and Human Services to help with the Covid response. Alexander is from Trinidad and has a Caribbean accent, so many people make assumptions about his political leanings and speak more freely than they would if they knew his real views. He reports in his memoir how the workings of the deep state were explained to him:

It shocked me when I was told, “And we in the bureaucracy are dedicated to making every day of his life a living hell. When Americans watch the evening news, all they’ll see will be another day of the country not working under this president. Ungovernable, unmanageable, chaotic, infections going up and up. Americans will want anyone but Trump and we are doing it, for we have all the health agencies like CDC and NIH and FDA working with us. We have Fauci with us, we have Birx with us. How could he win? Our job is to make the pandemic response appear to be a disaster, and we coordinate roughly every day across the different agencies to make it look that way and achieve the goal.”

Whether you believe the details of Alexander’s paraphrase or not, it fits reality. The challenge for the left was to give the impression that the pandemic was being mismanaged without saying exactly what they would do differently. During the vice-presidential debate between Mike Pence and Senator Kamala Harris, the moderator asked Harris exactly that: “What would a Biden administration do in January and February that a Trump administration wouldn’t do? Would you impose new lockdowns for businesses and schools in hotspots? A federal mandate to wear masks?”

Forgive a second long quotation, but the reader must see for himself that she did not answer the question.

They still don’t have a plan. Well, Joe Biden does. And our plan is about what we need to do around a national strategy for contact tracing, for testing, for administration of the vaccine and making sure that it will be free for all. That is the plan that Joe Biden has and that I have, knowing that we have to get a hold of what has been going on and we need to save our country. And Joe Biden is the best leader to do that and frankly, this administration has forfeited their right to reelection, based on this.

Overall, the Democrats gave the impression not so much of an argument as an ultimatum: elect Joe Biden and life can go back to normal.

That does not mean panic about the virus was entirely fake. Many were high on their own supply—in some cases, literally. In February 2023, the Atlantic ran a narrative feature about “Long Covid” by one of its staff writers, in which she listed the medications she needed in order to be able to meet a friend for tea: “15 milligrams of meloxicam (an anti-inflammatory), 600 milligrams of gabapentin (a pain blocker), and 0.5 milligrams of klonopin (a vestibular suppressant). Also, an industrial-strength antidepressant. Also also, two blood-pressure stabilizers.” The author did not consider the possibility that her symptoms might be related to her taking large quantities of what one online commenter called “the benzo di tutti benzos.” She later clarified on Twitter that “the klonopin is just for dizziness.”

Politicians simply did not act as if they believed what they were saying about Covid. The day before D.C.’s Mayor Muriel Bowser reimposed a citywide indoor mask mandate on July 31, 2021, she was photographed at a birthday party for herself with Dave Chappelle and other local celebrities with not a mask in sight. The next day, she was spotted at a wedding dinner, again unmasked. Governor Gavin Newsom was famously photographed at a dinner party at the French Laundry on November 6, 2020, in defiance of his own rules about masking and large indoor gatherings. San Francisco’s Mayor London Breed partying unmasked at a Tony! Toni! Toné! concert, House Speaker Nancy Pelosi unmasked at a hair salon in September 2020 when all beauty parlors in SF were supposed to be closed—over and over, Democratic leaders talked as if Covid were a deadly plague and acted in private as if it were all for show.

President Gerald Ford launched his ill-advised campaign to vaccinate “every man, woman, and child in the United States” against the swine flu on March 24, 1976, one day after his surprise loss to insurgent candidate Ronald Reagan in the North Carolina primary. That is to say, it’s not unprecedented for politicians to use pandemics for their own purposes. In that case, Ford wanted to appear strong and decisive and to rally the nation around him in the face of a crisis, which in the end never materialized. In this case, Democrats made the end of Trump’s first term seem like chaos and allowed their septuagenarian candidate to campaign from his basement.

So were lockdowns worth it? Many people who contemplate this question can’t get past the first logical hurdle: The question is not how many people died but how many would have survived if lockdown policies had been different. In May 2020, it was reported that 42 percent of all Covid deaths had taken place in nursing homes, which house 0.6 percent of the population. Does this mean we could cut the COVID death rate in half if we had focused our protective measures on nursing homes? Certainly, many deaths would have been averted if the governor of New York had not issued an executive order forcing nursing homes to accept Covid-positive residents as long as they were medically stable. But a respiratory virus disproportionately targeting the elderly would not have had a nursing home death rate of zero under any circumstances.

The Australian state of Victoria had the longest and strictest lockdowns anywhere in the world. Drones surveilled downtowns for curfew breakers, and random police stops checked the addresses of motorists to ensure they were not more than five kilometers away from home. The premier who enacted these measures, Daniel Andrews, is the same man who signed up Melbourne to participate in China’s Belt and Road Initiative, a deal later vetoed by Canberra. He genuinely admires the Chinese way of doing things. The data at first seemed to vindicate him: Australia’s overall age-adjusted death rate for 2020 was actually lower than average, with the biggest drop seen in deaths from respiratory diseases including influenza and pneumonia. Locking down the elderly protected them not just from Covid but from everything else, too.

Imagine Australia’s shock, then, when the mortality rate in 2022 was much higher than expected. The number-crunchers at the Australian Bureau of Statistics explained it this way: “We believe some of the higher mortality we saw in 2022 has been influenced by that lower mortality rate in 2020, which was most noticeable in older age groups (85+). This concept is referred to as ‘mortality deficit’ and essentially means that deaths that were expected to happen in 2020 have instead happened in 2021 or 2022.”

The average stay in a nursing home is 24 months. The average age of Covid deaths in Australia, as of July 2021, was 87—four years above the average life expectancy. Perhaps Australia could permanently reduce its nursing home death rate by keeping its lockdown measures, preventing residents from ever having any contact with their families except on a video screen, never touching another person or seeing a human face. But how many people would agree to be admitted under those terms?

On the other side of the ledger, we must count up all the ways our Covid response made the world worse. We managed to avoid a depression despite shutting the economy down for weeks. But our economy is permanently different now. Lockdown orders shuttered small businesses but allowed big chains to remain open, and the results were predictable. In April 2020, according to the website Yelp, more than 175,000 businesses closed, most of them permanently. By contrast, Walmart’s second quarter 2020 earnings report showed a doubling of online sales; Target’s showed a profit increase of 80 percent. The biggest winner of all was Amazon, which in the first quarter of 2021 reported profits up 220 percent compared to the year before.

The federal government’s plan for averting economic disaster involved shoveling a lot of money out the door, and much of it ended up in the hands of the wrong people. We still don’t know how much was lost to fraud during the pandemic, but current estimates put it at over $300 billion (more than the U.S. military spends each year on salaries and retirement benefits). Fraud was so easy that instructions went viral on social media. The federal government made a conscious decision to catch fraud after the fact rather than try to prevent money from being wrongly disbursed in the first place. They underestimated how much there would be to catch. Pandemic fraud was “just so conspicuous,” writes federal auditor Bob Westbrooks in Left Holding the Bag: A Watchdog’s Account of How Washington Failed Its Covid Test. “In 2020, it seemed like every offender was using their newfound wealth to buy a Lamborghini. … Agents and prosecutors had more than their hands full with the ‘Lamborghini cases,’ and federal law enforcement was soon overwhelmed.”

For me, the most lasting harm from lockdowns is knowing what people are capable of. As a pregnant woman, I was shooed off park benches by police when I sat down to catch my breath. A police car parked outside our church at Easter to make sure no one went inside to worship the Lord. I lived in Australia for almost a decade. The people I met there all seemed normal. Yet in September 2020, I watched a video of a 28-year-old pregnant woman in Melbourne being manhandled by arresting officers in front of her children for the crime of creating a Facebook event page for a “freedom day” anti-lockdown protest. (Victoria Police later admitted the officers’ conduct was “disproportionate.”)

Over and over, people here and in Australia yawned off things that should have triggered a political immune response in a healthy republic: arresting people for planning protests; police rummaging through shopping carts to make sure buyers didn’t have any “non-essential” items; neighbors calling the cops on a church service; pastors thrown in jail for gathering with their congregations. My sense of America as a free country was based on beliefs about what people would put up with that turned out to be erroneous. And the people who did all these things still have their jobs.

If I saw through lockdowns sooner than most people did, it wasn’t due to any exceptional powers of perception. I just happen to have experience with someone who struggles with hypochondria. She started with dietary sensitivities and ended up becoming a total shut-in. Vox published an essay in April 2020 by a woman with an anxiety disorder who said she was loving the pandemic because it felt like the rest of the world was finally on the same page: “For the first time, it seems, the rest of the world knows what it’s like to live inside my head.” She knew the same thing I knew, that lockdowns bore a striking resemblance to incipient mental illness.

Next time will be worse. Many of the emergency powers and special funding used during the pandemic were first put in place after September 11 as part of bioterrorism preparedness. When these measures were dusted off during Covid, there was an element of we’ve got it, so we might as well use it. The pandemic inspired many people to pursue a degree in public health, with some MPH programs almost doubling their enrollment. That means there will be an army of pseudo-credentialed people running around the next time a respiratory virus threatens to get out of control. That is why it is so important to get the story straight now. Those people were wrong. No one should put them in charge ever again.

TAKE ACTION

As we move through 2023 and into the next election cycle, The Prickly Pear will resume Take Action recommendations and information.

Comscore Launches AI-Powered Political Audience Targeting Solutions Ahead of 2024 Election Season thumbnail

Comscore Launches AI-Powered Political Audience Targeting Solutions Ahead of 2024 Election Season

By Dr. Rich Swier

New First-to-Market Political Ad Exposure Segments Empower Political Marketers to Reach Custom Audiences with Local Level Precision.


, NY/PRNewswire/ — Proximic by Comscore, a division of Comscore Inc. (NASDAQ:SCOR) and a leading provider of audience and content targeting solutions for programmatic activation, has enabled a new suite of audience segments that reach users based on exposure to specific political campaigns and local TV exposure. The new segments arrive today, available exclusively to clients of global digital media-buying platform, The Trade Desk.

Heading into the 2024 election year that’s forecasted to exceed a record $10 billion in political ad spend1, these new segments allow marketers to reach political audiences in a privacy-centric way, using Comscore’s unique, customizable political TV ad exposure segments. Available at the presidential, senate, house and gubernatorial level, Proximic by Comscore is building on its commitment to providing marketers with precise and scalable ways to reach their intended audiences.

“As more political advertisers look for ways for greater reach with right audiences, digital advertising becomes a critically important component to media campaigns. The open internet provides opportunities for political advertisers to apply more data to better understand what messages resonate with audiences,” said Kevin Fisher, GM, Business Development, The Trade Desk. “In working with Proximic by Comscore, we’re presenting an innovative and privacy-centric offering to marketers across connected TV.”

“With the 2024 election season on the horizon and record-breaking spending anticipated, Proximic is excited to integrate our Political Ad Exposure segments into The Trade Desk to empower advertisers to reach political audiences in a privacy-centric manner,” said Rachel Gantz, Managing Director of Proximic by Comscore. “Media buyers will now have the ability to extend reach and drive incrementality over linear, to effectively compete in this hyper-competitive race.”

The political TV ad exposure custom segments are available as ID-based audiences and ID-free contextual Predictive Audiences.

Primary use cases include:

  • Reach extension: Marketers can suppress viewers of a candidate’s linear TV ads to achieve digital and CTV incrementality
  • Amplify frequency: Marketers can reach viewers of a candidate’s linear TV ads to increase or reduce frequency across other channels
  • Increase share of voice: Marketers can target audiences who have been exposed to competitor candidates’ ads, to increase their own share of voice

The launch of Proximic by Comscore’s political local TV ad exposure segments adds to Proximic’s existing offering of dynamic political advertising capabilities.

NOTE: Comscore is initially exclusive to media buyers on The Trade Desk.

For further information, please contact Proximic by Comscore’s Head of Sales Angela Rodriguez at arodriguez@comscore.com.

About Proximic by Comscore

Proximic by Comscore, a division of Comscore, Inc. (NASDAQ: SCOR) is a leader in programmatic targeting. Powered by Comscore’s trusted datasets and the industry’s leading natural language processing contextual engine, Proximic by Comscore enables media buyers and sellers to maximize the scale and performance of their campaigns. Through their innovative suite of ID-based and ID-less audience and content targeting segments Proximic by Comscore supports the evolution of the programmatic ecosystem, enabling clients and partners to continue executing impactful advertising strategies. For more information about Proximic by Comscore, please visit www.proximic.com.

About The Trade Desk

The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North AmericaEurope, and Asia Pacific. To learn more, visit TheTradeDesk.com or follow us on Facebook, Twitter, LinkedIn and YouTube.

©2023. Dr. Rich Swier. All rights reserved.

Biden Would Sooner Grovel Before Dictators and Mullahs for Oil than let America Produce its Own thumbnail

Biden Would Sooner Grovel Before Dictators and Mullahs for Oil than let America Produce its Own

By The Geller Report

Democrats hate America but more than that, hardworking Americans. 

Biden would sooner kneel before dictators for oil than let America produce its own

Deals with Maduro and the Mullahs show how going green weakens America

By: David Blackmon, The Telegraph, 24 October 2023:

An oil refinery in California. President Biden’s green plans to shut down the US oil and gas industry appear to mean America going on bended knee to dictators in Venezuela and Iran
An oil refinery in California. President Biden’s green plans to shut down the US oil and gas industry appear to mean America going on bended knee to dictators in Venezuela and Iran Credit: Ashley Landis/AP

It sometimes seems as if the Biden White House actually loves oil: but only if it is produced in other countries run by despots. While the President and his energy secretary, Jennifer Granholm, frequently repeat their desire to close down the US oil and gas industry in just a decade, the President and his appointees have no aversion to entering into deals enabling countries like Iran and Venezuela to pour more of their own oil onto the open market.

From a recent low of just 450,000 barrels of oil exports per day just a year ago, Iran was able to export about 2.2 million bopd in August according to Bloomberg. That increase is the result of the quiet decision by the US to ease off enforcement of its sanctions on Iranian exports starting late last year.

Just this past week, the White House entered into an agreement enabling the Venezuelan government of Nicolas Maduro to ramp up its own oil exports in exchange for Maduro’s promise to allow free elections to take place next year. That move brought criticism from fellow Democrat Joe Manchin, who chairs the Senate Energy Committee:

“On the heels of announcing the smallest five-year offshore oil and gas leasing plan in decades, this administration is turning to Venezuela … one of the world’s dirtiest energy producers and an oppressor of its own people,” Manchin said Thursday.

Wyoming Republican John Barasso told The Hill that the move “shows once again” that President Biden “would rather go to dictators on a bended knee than … allow us to use American energy.” While that is a bit of hyperbole, it is fair to say it is a criticism of this administration that too often has appeared to be valid.

At its base is a seeming disregard within the circle of Biden and his senior officials for the maintenance of US energy security.

[…]

Where Iran is concerned, the White House laughably continues to insist it is enforcing the sanctions even in the face of a 450 per cent rise in Iranian crude exports in just a year.

“We’ve imposed sanctions on Iran for support to Hamas and other terrorist organizations. That is going to continue – believe me,” Politico quoted a senior administration official who was granted anonymity.

What everyone can believe without question is that this administration is willing to make deals with almost any bad actor in the world who is able to pour more oil onto the market. Conversely, it is transparently unwilling to take the logical steps to bolster US and global energy security by scaling back its efforts to hamstring the powerful domestic US industry. When unleashed, this is an industry that has proved in recent years it is capable of increasing US crude production by as much as 2 million barrels per day in just 12 months.

Rolling back its misguided regulatory assault on its own domestic energy producers would be the clearest signal this White House could send to America’s adversaries that it is serious about maintaining the country’s energy security. Making deals with and quietly lifting sanctions on despots like Maduro and the Mullahs in Iran is a clear signal of American weakness, and only serves to embolden the enemies of freedom.

Keep reading.

AUTHOR

Pamela Geller

RELATED TWEET ON X:

Just a reminder: 🚨🚨🚨 pic.twitter.com/JSIMTw8B2s

— Wall Street Silver (@WallStreetSilv) October 24, 2023

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EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

Total Agency Loan Volume Is Projected to Decline 15-30% From Its Series Low Set in January 2023 thumbnail

Total Agency Loan Volume Is Projected to Decline 15-30% From Its Series Low Set in January 2023

By Edward Pinto

/in , , , , , , /by

By Edward J. Pinto | Tobias Peter | Sissi Li

PDF to full report

Key takeaways:

  • The median purchase rate rose 1/8 ppts. to 7 5/8% in week 42, setting a new series record.
  • Mortgage News Daily reported a daily avg. 30-year rate of 7.90% on October 24th.
  • Purchase volume was down 46% from the same week in 2019 and down 31% YTD compared to 2019.
  • Y-o-y HPA was 4.8% in September 2023, up from 4.6% in August 2023 but down from 8.9% in September 2022. It is projected to remain around 5% for October and November 2023.
  • Despite the subdued rate of purchase activity and historically high rates, y-o-y HPA has begun to accelerate. This is because buyers are well-qualified and highly motivated by a historically tight supply. Cooling, yet still strong job numbers, low levels of foreclosures in most areas, work from home, and continued home price arbitrage opportunities provide further support for robust HPA.
  • As interest rates have moved sharply higher since mid-2022, no cash-out volume has disappeared almost entirely. Cash-out volume has also contracted sharply due to higher rates, but has hovered between 30,000 to 42,0000 loans since November 2022. This is down over 80% from a peak of 250,000 loans in October 2021.
  • Up until recently, purchase volume had been less affected by mortgage rate changes but had also shown a clear seasonal pattern over the last 10 years. With the exception of the pandemic disruptions of 2020, volume consistently peaks in June with a trough in January.
  • For the mortgage industry, things will almost certainly get worse before they get better. We are expecting the total agency loan volume (refi and purchase loans combined) to decrease to 125,000-150,000 by January 2024. This would be a 15%-30% decline from the series low (combined volume of 175,000) set in January 2023.

EDITORS NOTE: This AEI report is republished with permission. All rights reserved.

0 0 Edward Pinto 2023-10-24 18:58:51Total Agency Loan Volume Is Projected to Decline 15-30% From Its Series Low Set in January 2023

Housing Market Half As Affordable Than Just Three Years Ago thumbnail

Housing Market Half As Affordable Than Just Three Years Ago

By Will Kessler

Americans’ purchasing power in the real estate market has been cut in half in less than three years as home prices and mortgage rates rise, pricing average Americans out of the market, according to NBC News.

Housing affordability has been cut in half in less than three years since August 2023, when a median-income household could afford a 30-year mortgage on a $356,273 house, compared to December 2020, when that same family could afford a 30-year mortgage for a $737,392 house, according to data analyzed by NBC News. The loss of purchasing power is due to rising home prices and record-high mortgage rates, both hitting American consumers and driving up prices. (RELATED: US Mortgage Rates Just Hit A Shocking New High)

Mortgage rates have taken a sharp jump over the last three years, with the average 30-year fixed rate mortgage going for 2.68% in December 2020, as opposed to the current rate, which has reached 7.63%, according to NBC News. Average home prices have taken a similar jump in that time frame, going from $360,000 in the fourth quarter of 2020 to $416,000 in the second quarter of this year.

Median household income has declined from $76,358 in December 2020 to $75,322 as of August 2023, according to NBC News. The amount of income needed to afford a median-priced home has increased dramatically to $94,487 in August 2023, compared to just $38,280 in December 2020, pricing many Americans out of the housing market as a whole.

Inflation has seen a huge spike since the COVID-19 pandemic, which has raised prices across the board, peaking at 9.1% year-over-year in June 2022, and has remained elevated, most recently being reported as 3.7% for September, far from the Federal Reserve’s 2% target. The Fed has tried to bring down inflation by raising its federal funds rate to a range of 5.25% and 5.50%, which has in turn placed upward pressure on mortgage rates.

Following the loss in purchasing power, the U.S. real estate market will see the fewest number of homes sold since 2008, when the country was in the middle of the subprime mortgage crisis and the Great Recession.

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This article was published by The Daily Caller News Foundation and is reproduced with permission.

Image Credit: Shutterstock

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Southern Border Sees More Migrant Encounters In September Than Ever Before thumbnail

Southern Border Sees More Migrant Encounters In September Than Ever Before

By Will Kessler

U.S. Customs and Border Patrol (CBD) released statistics on Saturday showing that September recorded the most monthly border encounters ever, ending fiscal year 2023, which likewise reported the most yearly encounters on record.

The number of encounters along the southern border in September totaled 269,735, far greater than the 232,963 and 183,479 encounters that were reported in August and July, respectively, according to CBP data. September also marks the end of FY 2023, during which border encounters totaled 2,475,669, as opposed to 2,378,944 and 1,734,686 in 2021 and 2020, respectively. (RELATED: EXCLUSIVE: Illegal Immigration At Southern Border Hits New September Record)

“In response to high rates of encounters across the southwest border in September, CBP surged resources and personnel,” Troy Miller, senior official performing the duties of the CBP Commissioner, said in a press release Saturday. “We are continually engaging with domestic and foreign partners to address historic hemispheric migration, including large migrant groups traveling on freight trains, and to enforce consequences including by preparing for direct repatriations to Venezuela.”

In response to the drastic increase in encounters along the southern border, the Biden administration has cleared a path to construct more border walls along the Rio Grande Valley Sector of Texas. The Biden administration claimed that they were building a portion of the wall because the funds were already appropriated in 2019 during the Trump administration and that they could not use the money elsewhere.

CBP was seen in September cutting a metal barbed wire in Eagle Pass, Texas, letting the migrants cross the border illegally. Eagle Pass Mayor Rolando Salinas Jr. issued a declaration to the 28,000-person border town announcing a state of emergency following the influx of migrants in September.

“CBP will continue to remain vigilant, making operational adjustments as necessary and enforcing consequences under U.S. immigration law,” Miller said in the press release. “The supplemental funding request announced yesterday would provide critically needed additional resources including additional CBP agents and officers to support our essential missions.”

CBP did not immediately respond to a request for comment from the Daily Caller News Foundation.

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This article was published by The Daily Caller News Foundation and is reproduced with permission.

Image Credit: Pixabay

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As we move through 2023 and into the next election cycle, The Prickly Pear will resume Take Action recommendations and information.

Home Prices Fall Further. Peak was June 2022. Demand Crashes, Price Cuts Jump, Supply & Days on Market Rise thumbnail

Home Prices Fall Further. Peak was June 2022. Demand Crashes, Price Cuts Jump, Supply & Days on Market Rise

By Wolf Richter

NAR, the Realtor lobbying group, demands its easy-money heroin back that the Fed has confiscated.

The national median price of previously owned houses, condos, and co-ops fell to $394,300 in September, down by 4.7% from the peak 18 months ago, in June 2022, according to data from the National Association of Realtors (NAR) today.

June is usually the seasonal price peak of the year, but June 2023 was below the peak in June 2022 for the first time since the Housing Bust, and prices skidded lower since then.

Due to the price plunge last year in July through September, the median price was up year-over-year by 2.8%, but that was a lower rate than the 3.2% year-over-year in August (historic data via YCharts):

Price reductions jumped to 37.5% of active listings in September, blowing by the pre-pandemic highs, as sellers are getting more motivated to sell their homes while buyers have vanished at these prices (data via realtor.com):

Sales of previously owned houses, condos, and co-ops crashed to a seasonally adjusted annual rate of 3.96 million homes in September, the lowest since the depth of the housing bust in 2010. Compared to the Septembers in prior years (historic data via YCharts):

  • From 2022: -15.4% from already depressed levels
  • From 2021: -35.9%.
  • From 2019: -26.8%.
  • From 2018: -23.6%.

The NAR demands its easy-money heroin back from the Fed.

“The Federal Reserve simply cannot keep raising interest rates in light of softening inflation and weakening job gains,” whined NAR Chief Economist Lawrence Yun in the press release, because the NAR is a lobbying group for Realtors, and Realtors make commissions off every sale they handle, coming and going, and as sales volume plunges, their income plunges.

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Continue reading this article at Wolf Street.

TAKE ACTION

As we move through 2023 and into the next election cycle, The Prickly Pear will resume Take Action recommendations and information.