Archive for 2023

OH, THAT DEATH OF THE GROWN-UP: She Should “Just Be Able To Have” Things.

David Thompson writes:

Rafi adds,

I like that you tagged this ‘parenting’.

Well, addressing the matter earlier might have spared our unhappy madam a lot of pierced and tattooed grumpiness.

There is, of course, plenty of scope for grumbling about the seemingly endless range of things that can be taxed. And existential angst – or existential pouting – can be difficult to avoid, the human condition being what it is. See the aforementioned “bug reports to God.” But the emotional assumption that Things Should Just Be There For Me, Forever, In Unlimited Quantities™ is, I think, something best addressed before one’s children venture out into the world.

Goodnight Western Civilization, it’s been a good run.

(Classical reference in headline.)

MEANWHILE, OVER AT VODKAPUNDIT [VIP]: Escape From New York… While You Still Can. “New York Gov. Kathy Hochul — aka Big Brother in a Pants Suit — says her administration will “collect data” and “reach out to people when we see hate speech being spoken about on social media. Did I really just call Hochul ‘Big Brother in a Pants Suit?’ Sorry, my bad, that was uncalled for. What I meant to say is, ‘New York’s Big Brother in a Pants Suit just introduced her social credit scheme in drag.'”

SAD: Stellantis offers buyouts to roughly half of U.S. salaried workers. “The move marks the latest cost-cutting efforts for the U.S. auto industry, as companies attempt to reduce costs amid economic concerns and billions of dollars in new investments for emerging technologies such as electric vehicles.”

EFREM ZIMBALIST JR. LEFT THE HOOVER BUILDING A LONG TIME AGO:

BEN RHODES SMILES: Investors have never been this confident bond yields are headed lower: BofA survey.

In 2016, the failed novelist turned Obama’s Middle Eastern policy “expert” (in)famously told the New York Times, “The average reporter we talk to is 27 years old, and their only reporting experience consists of being around political campaigns. That’s a sea change. They literally know nothing.”

Thanks to the above Yahoo Finance headline, now we know the same lack of experience applies to budding financial journalists and their editors as well.

I BLAME MEDICAL SEXISM: Gap in life expectancy widens between men and women, with women living increasingly longer.

Related: Jill Biden announces new White House initiative for women’s health research.

“As life expectancy at birth in the US decreased for the second consecutive year, from 78.8 years (2019) to 77.0 years (2020) and 76.1 years (2021), the gap between women and men widened to 5.8 years, its largest since 1996 and an increase from a low of 4.8 years in 2010.”

HMM: The NRA Is Going Broke And Moving To Texas. “The move to Texas itself is not unexpected. In August, there was a story that the NRA was closing in on a new headquarters in the Dallas-Fort Worth Metroplex. And indeed, there are sound reasons to move to the Lone Star State, though Wayne and his cronies are pulling the trigger way too late to save themselves from the legal difficulties that have ensnared them in New York.”

GOLDEN HEAVEN — CHINA’S POTEMKIN AMUSEMENT PARKS: Golden Heaven (NASDAQ: GDHG) down 28% on Hindenburg report – how much lower?

The basic business line: “Golden Heaven Group Holdings Ltd., an offshore holding company, engages in the development, construction, management, and operation of urban amusement parks, water parks, amusement projects, and amusement facilities in China. It operates six amusement parks, water parks, and complementary recreational facilities.” Now that may sound good. 6 facilities the size of DisneyWorld would be a pretty big group in fact. But they’re not – even in Golden Heaven’s own documentation they’re parks with capacities of 1,000 and 2,000 people at any one time. Universal Studios sized operations these just are not.

The Hindenburg allegations are here. They’ve checked the business levels at the parks and they seem to be nothing like what is claimed. And 6 pretty small parks don’t, we think, add up to $1.2 billion in market capitalisation anyway. But there’s more to it as well. The brokers who brought the IPO to market back in the spring all have, hmm, interesting track records, as do the auditors. The CEO and senior management have even more fruity and spicy business records and backgrounds.

I don’t know what this so-called “Hindenburg Research” is on about — Golden Heaven is doing boffo business:

The CCP has a long history of building enormous centrally-planned ghost cities, with lots of tall skyscrapers that are virtually or completely empty. But hey, all those imaginary people have to have somewhere to go for fun, right?

IT LOOKS LIKE A DONE DEAL: Turkish parliament commission to debate Sweden NATO bid Thursday.

With the addition of Finland earlier this year, Vladimir Putin has done more to bring NATO right to Russia’s border than Bill Clinton, George Bush, Barack Obama, Donald Trump, or Joe Biden ever did.

GOOD NEWS FOR CERTAIN SHOPPERS, BAD SIGN FOR THE ECONOMY: US retailers stuck with excess stock offer bargains as holiday season nears. “As the holiday shopping season approaches, major U.S. retailers from Dollar General (DG.N) to Walmart (WMT.N) and Macy’s (M.N) could be saddled with too much stock for a second straight year, according to a Reuters analysis, jeopardizing retailers’ profit margins and generating steep discounts for shoppers.”

AND THEN THERE’S THIS GUY: James “Fergie” Chambers inherited hundreds of millions of dollars from his family, which controls the Cox Enterprises media empire. Then Fergie started spending his millions to support “making people who support Israel actually afraid to go out in public. We need to make all of white America afraid that everything they have stolen is going to be burned to the ground. That’s what makes them listen.”

Jessica Costescu of The Washington Free Beacon has more.