Archive for 2022

ONE OF THE OPTIONS BEING CONSIDERED INVOLVES BIDEN DECLARING “A NATIONAL PUBLIC HEALTH EMERGENCY.” White House Consults with Law Professors in Anticipation of Dobbs Ruling.

Following the Covid debacle with a “health emergency” that’s really about preserving abortion is a good way to make sure that “health emergencies” are ignored in the future.

And the federal government can certainly protect people’s right to interstate travel, which is an independent constitutional right that states can’t infringe. But I don’t think that will satisfy the Democrats’ activist base.

SOMEBODY NEEDS TO: Biden Administration Sues a City Over “Rampant Overspending on Teacher Salaries:” Could the SEC, of all agencies, ride to the school-reform rescue?

The Biden administration’s Securities and Exchange Commission is suing the city of Rochester, New York, contending that “rampant overspending on teacher salaries” plunged the Rochester school district into “extreme financial distress,” misleading investors who bought municipal bonds.

The legal action is unusual. Sure, the federal government’s interaction with K-12 education has often extended beyond the bounds of the U.S. Department of Education. The Department of Agriculture administers the school lunch program, and the Department of Defense operates schools serving military-connected children. Under George W. Bush, the Justice Department toyed with the idea of using antitrust law to support charter schools. And in the waning days of the Trump administration, President Trump issued an executive order authorizing “emergency learning scholarships” to be provided via the Secretary of Health and Human Services.

But, notwithstanding Bloomberg columnist Matt Levine’s theory that “everything is securities fraud,” in practice, the K-12 education beat hasn’t intersected greatly with the fraud provisions of federal securities laws. At least until now.

Hmm.

DON SURBER: Worst timing in the world.

Coinbase ran a commercial during the NBA finals game last night that mocked tweets that said “crypto is dead.”

This morning, Coinbase laid off 18% of its staff. Its stock has plunged from a high of $357.39 on November 9 to $49.72 seven months later.

CNBC reported, “Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices.

* * * * * * * *

Is crypto dead?

Well, are railroads?

To be sure, hundreds of railroads died along the way. The list of failures includes the Salt Lake and Pacific Railroad.

But railroads continue to operate because we need them. 28% of the freight in the USA moves by rail as the nation is crisscrossed by 140,000 miles of track.

As for dot.coms, some of the old ones died out but new ones keep popping up, don’t they?

What these stock market crashes — bear markets as they call them — do is winnow the market. The strong survive. The weak don’t. Nobody is too big to fail. Ask Lehman Brothers how that works.

Or Enron.

Read the whole thing.

OH NO YOU GUYS! An “expert on fascism” says DeSantis is a “very dangerous individual” because he’s pretty much just like Trump except without all the baggage:

Ruth Ben-Ghiat is a historian at New York University, and the author of the book, “Strongmen: Mussolini to the Present.” She has studied the backsliding of democracy, from the US to Russia, and elsewhere.

In a wide-ranging interview, she told Insider that in light of the January 6 hearings, Trump might have to be prosecuted in order to save American democracy ahead of the 2024 election. In that context, she said that DeSantis could take his place as a populist nominee…

“Now, if that does happen to Trump — DeSantis has already absorbed all the lessons of Trump”…

“He’s clearly readying himself for a national run, whether it’s in 2024 or later. And he’s a very dangerous individual,” Ben Ghiat said. “He’s dangerous because he is equally repressive, but doesn’t have the baggage of Trump. It’s hard to have the baggage of Trump.”

So basically if DeSantis wins in 2024 we slip right back into fascism.

The corporations will all take his side, he’ll have full control of the media, and we’ll be at war with Russia.

It’ll be bad, folks.

BAD!!!

So don’t you dare vote for DeSantis in 2024.

Because if you do, we might finally get our country back.

DeSantis is one strange fascist, given that he’s pushing back hard against the DNC-corporatist Gleichschaltung on multiple fronts.

LAYERS OF EDITORS AND FACT-CHECKERS:

Full story here.