Archive for 2021

KRUISER’S MORNING BRIEF: Andrew Cuomo’s COVID-19 Death Toll Gets a Shocking Recount. “Cuomo is a real piece of work. He also may very well be clinically insane. He has consistently insisted that his handling of the pandemic was brilliant. Of course, the paste-eaters in the MSM kept reinforcing little Andy’s delirium. Remember, this was the guy they were all hoping would replace Biden if he dropped out of the race. They all lauded Cuomo’s prowess while deriding Florida Gov. Ron DeSantis, whose actions in his state have been freedom-based and successful.”

Neither “freedom-based” nor “successful” are very popular on the Left.

HEH:

Related:

MATT TAIBBI: Suck It, Wall Street: In a blowout comedy for the ages, finance pirates take it up the clacker.

The press conveyed panic and moral disgust. “I didn’t realize it was this cultlike,” said short-seller Andrew Left of Citron Research, without irony denouncing the campaign against firms like his as “just a get rich quick scheme.” Massachusetts Secretary of State Bill Galvin said the Redditor campaign had “no basis in reality,” while Dr. Michael Burry, the hedge funder whose bets against subprime mortgages were lionized in “The Big Short,” called the amateur squeeze “unnatural, insane, and dangerous.”

The episode prompted calls to regulate Reddit and, finally, halt action on the disputed stocks. As I write this, word has come out that platforms like Robinhood and TD Ameritrade are curbing trading in GameStop and several other companies, including Nokia and AMC Entertainment holdings. . . .

Even Nancy Pelosi, when asked about “manipulation” and “what’s going on on Wall Street right now,” said “we’ll all be reviewing it,” as if it were the business of congress to worry about a bunch of day traders cashing in for once.

The only thing “dangerous” about a gang of Reddit investors blowing up hedge funds is that some of us reading about it might die of laughter. That bit about investigating this as a “pump and dump scheme” to push prices away from their “fundamental value” is particularly hilarious. What does the Washington Post think the entire stock market is, in the bailout age? . . . In other words, it was all well and good for investment banks and executives of phoney-baloney companies to gorge themselves on funhouse profits on a funhouse economy, but when amateurs decided to funnel just a bit of this clown show into their own pockets, finance pros wailed like the grave of Adam Smith had been danced upon.

Right?

YEP:

FROM A FRIEND: “10,000 national guard troops to Wall Street by Monday.”

OPEN THREAD: Make it special.

STEVE HAYWARD: The Challenger Disaster and Its Lessons for Today.

The first question that terrible day was how the government, and especially President Reagan, would respond. Reagan postponed his State of the Union address, which had been scheduled to take place that evening, and set out to craft a speech to the nation that would especially reach the hundreds of thousands of schoolchildren who had watched the disaster on live TV in their classrooms.

Unlike President Richard Nixon, who had a pre-written speech ready in case the first Apollo moon mission failed in 1969, Reagan’s staff had to improvise from scratch, with no time for the usual process for presidential statements. The job of drafting Reagan’s remarks fell to his speechwriter Peggy Noonan. The result was a 650-word speech that took less than five minutes for Reagan to deliver, but it ranks near the top of his many memorable speeches. Reagan’s reputation as “the great communicator” seldom found its mark more fully than that day.

The closing sentence, derived from a famous World War II-era poem by Canadian Air Force pilot John Gillespie Magee, is the most recalled part of Reagan’s speech: “We will never forget them, nor the last time we saw them, this morning, as they prepared for their journey and waved goodbye and ‘slipped the surly bonds of earth’ to ‘touch the face of God.’” But the middle of the speech, where Reagan addressed himself to the schoolchildren of America about the harsh lesson of human tragedy, is where the important message is conveyed: Risk is a part of the human story. “The future doesn’t belong to the fainthearted; it belongs to the brave.” Reagan spoke to the families of all the lost astronauts over the following days; they all told him our space program must continue.

From the polarized politics of today, many Americans look back on the Reagan years with gauzy nostalgia and marvel at the moments of national unity, wondering if we can ever match it again. But the partisan divisions then were just as intense. That very morning, House Speaker Thomas P. “Tip” O’Neill (D-Mass) had exchanged bitter words with Reagan over the administration’s budget. Still, there was a difference, almost hard to imagine today. O’Neill was able to write later that the Challenger speech was “Reagan at his best; It was a trying day for all Americans, and Ronald Reagan spoke to our highest ideals.”

Another difference between then and today was the absence of social media to amplify misinformation and invective. There were rumors and false claims galore at the time anyway, such as that the White House had pressured NASA to launch that morning so as to coincide with Reagan’s scheduled State of the Union speech. But the slower news cycle and communications technology limited the spread of such claims. One shudders to think how the false stories would have spread with Twitter and Facebook.

Read the whole thing.

SEGREGATION TODAY, SEGREGATION TOMORROW, SEGREGATION FOREVER! Elite private school hosts racially segregated ‘dialogue sessions’ with parents, teachers.

Brentwood School was in the national news a couple years ago because a female teacher was accused of sexually preying on male students.

Now the elite private school in Los Angeles, with a reported tuition of nearly $38,000, is bragging about something it should also be ashamed of: racial segregation.

It’s not just separating the races from each other at the same “Dialogue & Community-Building Sessions,” part of its yearlong initiative on diversity, equity and inclusion that started last month.

Brentwood is hosting completely different virtual meetings by race and ethnicity over the next two months.

Yes, they’re separate, but I’m sure they’re all entirely equal.

Exit quote: “Turns out I was wrong all this time; white people *are* racist. Seriously, minority communities don’t ask for this kind of segregation; it’s always the white liberal elites who dream this garbage up.