Archive for 2019

MONEY TROUBLES AT OBERLIN: Gibson’s Bakery: “there is serious concern about [Oberlin College’s] ability to pay this sizeable judgment three years from now.” “With interest running at over $4k per day, Oberlin College seeks stay of execution of Gibson’s Bakery $32 million judgment, but doesn’t want to post a bond. . . . Will Oberlin College be able to secure a bond? Probably, but it might not be as easy as you would think. At a minimum Oberlin College would have to pledge substantial liquid collateral, perhaps even 100% of the total judgments plus enough to cover interest. The insurance companies writing these appeal bonds want to take zero risk. It’s possible that Oberlin College could get another financial institution to guarantee payment to the insurance company, but Oberlin College’s credit rating already is under pressure.”

FRACKING AYATOLLAH IRAN’S OIL WEAPON:

Iran’s corrupt religious dictators continue to talk, taunt and act as if their periodic attacks on oil tankers and cyclic threats to close the Strait of Hormuz to commercial and naval vessels still have the power to spike global oil prices, depress stock markets and economically throttle the industrialized nations the ayatollahs despise.

But geo-strategically, 2019 isn’t 1973, 1990 or even 2014, when oil exporter Russia invaded Ukraine and threatened to restrict natural gas sales to the Kremlin’s European critics.

Have you hugged a fracker today?

LIZ SHELD’S MORNING BRIEF: Mueller to Bring Wet Nurse Along for Congressional Hearings. “There was a last minute surprise from Mueller, a request to have a wet nurse present and sitting next to him during the hearings. The wet nurse is one Aaron Zebley, who you might remember was the attorney for the Hillary Clinton IT guy who set up the illegal basement server and smashed up Hillary’s Blackberry phones. Why was this guy on Mueller’s team since it seems like he has some very real conflicts of interest? Nevermind.”

COMBINED FORCE ASSAULT: U.S., Japanese and Australian amphibious assault vehicles participate in a combined force assault exercise on Langhams Beach, Shoalwater Bay Training Area, Australia.

COMETH THE HOUR, COMETH THE MAN: A Profile of Boris Johnson.

My uncle had described him as a “genius” and as a boy he’d been regarded as something of a wunderkind. There was the occasion when he was holidaying with his family in Greece, aged 10, and asked a group of Classics professors if he could join their game of Scrabble. They indulged the precocious, blond-haired moppet, only to be beaten by him. Thinking it was a one-off, they asked him to play another round and, again, he won. On and on it went, game after game. At the prep school he attended before going to Eton, Britain’s grandest private school, he was seen as a prodigy. A schoolmaster who taught him back then told his biographer, Andrew Gimson, that he was the quickest-learner he’d ever encountered. In the staff room, the teachers would compare notes about the “fantastically able boy.”

He was without doubt the biggest man on campus—the person most likely to succeed. He made no secret of his desire to be Prime Minister one day, and not just a run-of-the-mill, common-or-garden PM, but up there with Gladstone and Disraeli. And this was a scaling back of his ambitions—as a boy he’d told his younger sister Rachel that he wanted to be “world king.” (There was an intermediate stage during his teenage years when he harboured fantasies of becoming President of the United States—something that’s technically possible, given that he was born in New York.) He was by no means the only member of the Oxford Union to express such hopes during that period, but in his case you felt it might actually happen. Unlike so many other privileged undergraduates, with their vaulting sense of entitlement, Boris’s gargantuan self-belief seemed of a piece with his outsized personality. He had an electrifying, charismatic presence of a kind I’d only read about in books before. Our mutual friend Lloyd Evans, who knew Boris better than me at Oxford, put it well. “He’s a war leader,” he told Andrew Gimson. “He is one of the two or three most extraordinary people I’ve ever met. You just feel he’s going somewhere. People just love him. They enjoy going with him and they enjoy being led.”

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