Archive for 2023

HMM: Someone bet against the Israeli stock market in the days before Hamas’ Oct. 7 attack.

According to Columbia Law School Professor Joshua Mitts, one of the authors of the study, “that’s extremely unusual.” It was also profitable: the shares sold short for one Israeli company alone yielded a profit of nearly $900,000.

Mitts and his co-author, Professor Robert J. Jackson Jr., ran a number of comparisons over the past 13 years to see whether the same thing had happened before other major moments of instability in Israel, like the 2014 Israel-Gaza war, the COVID-19 pandemic, or the judicial reform initiative that led millions of Israelis to take to the streets in protest.

They found that the short-selling activity in early October was “really extraordinary, even when you compare it to those periods of instability, which there were many.”

Something similar had happened before, though — on April 3, a couple of days before the Jewish holiday of Passover. The study links this to an Israeli media report claiming Hamas had initially planned its attack for the eve of Passover.

“It’s almost the same magnitude.What are the odds?” asks Mitts.

“The other thing we know,” he adds, “is that this looks to have been the product of a single trader, based on what we can see in the data. This is extraordinarily unusual.”

All of this led them to their conclusion that the trades were not a coincidence, but a tactic by someone who knew the attack was coming.

“We think it’s virtually impossible this happened by chance,” Mitts told CBS News.

Underground rocket factories don’t pay for themselves, you know.

NEW IN FOX: Almost 1 in 10 college students threatened with punishment for their speech: new study.
Bureaucracy raises the cost of higher education while clamping down on speech
By Adam Goldstein & me

“…one of the first steps to both a freer and less expensive college experience is to dramatically decrease the campus bureaucracy, eliminate positions that exist to police speech, and make sure every university employee is informed that their job is to protect free speech and academic freedom, not to squelch it.”

THE HOUSE APPEARS TO BE GONE: Watch the Moment a MASSIVE Explosion Rocks a D.C. Area Neighborhood. “Arlington County Police say they were attempting to execute a search warrant in the 800 block of N. Burlington Street when the suspect discharged a flare gun. According to the most recent tweet from the ACPD, the suspect released ‘several rounds’ inside the home, which subsequently exploded.”

THE ENEMY WITHIN: ‘P’ is for propaganda.

Let’s dump the curriculum and teach Palestinian propaganda instead, said a group of Oakland (CA) teachers. They proposed an all-day “teach in.” Um, no, said district officials.

One early-elementary lesson proposed for the “teach in” encourages children to identify what they “will chant at a Palestine protest,” reports Jill Tucker in the San Francisco Chronicle. In an alphabet book titled P is for Palestine, the letter “I” represented “intifada,” which refers to armed uprisings by Palestinians against Israeli control of disputed land. (The book says the word means”rising up for what is right!”)

“It is the job of educators to teach students how to think critically, not to teach them what to think,” said a district statement. It reminded teachers “to keep their personal beliefs out of the classroom.”

Well, good — but here’s the kicker: “Only one third of students met or exceeded state English standards in Oakland Unified in 2023. One quarter met or exceeded math standards. Enrollment is declining.”

NEW MEDIA TAKE: TRUMP IS “SOPHISTICATED.” “Trump is no longer a wild crazy idiot. Pay attention to the reframing.”

VDH ON POST-WEIMAR AMERICA:

Something eerie, something creepy, is happening in the world—and now in America as well. The dark mood is brought on by elite universities, the Diversity, Equity, and Inclusion industry, and massive immigration from illiberal nations and anti-Enlightenment societies.

At Hillcrest High School in Queens, New York, hundreds of students rioted on news that a single teacher in her private social media account had expressed support for Israel. Waving Palestinian flags, and screaming violent threats, the student mob rioted, destroyed school property, sought the teacher out and tried to crash into her classroom—before she was saved from violence by other teachers and an eventual police arrival.

The subtext was that the overwhelmingly minority students (whose school is ranked academically near the bottom among New York City schools) were acculturated to the racist reality that as the “oppressed” they were exempt from any punishment for hunting down their own teacher. As a Jewish (and thus white) “oppressive” supporter of Israel, she was reduced to, in the words an enthusiastic commenter on a Tik Tok video of the riot, a “cracker ass bitch.” And so the student pack tracked her down as if they were hunting an animal. The old Nazi youth gangs tried to kill Jews because they were not considered “white;” our new Nazis hunt them down because they allege that they are. The common denominator between the 1930s and 2023 is an unhinged hatred of Jews.

Hundreds of such incidents are now occurring on a daily basis—as the country is leaving its Weimar phase and heading at warp speed into normalizing Jew-hatred and worse. Instructors singled out Jewish students in classes at UC Davis and Stanford. Pro-Hamas students ripped down posters, swarmed public buildings, and disrupted traffic.

Meanwhile, the lamps are going out all over Europe as well: London on the brink: a 1970s New York-style fate is just a step away.

Benjamin Disraeli observed that London was “a nation, not a city”. Today, 150 years later, many people in Britain feel more disconnected from their own capital than they ever have. Meanwhile, Londoners live in fear that theirs is a condemned city spiralling out of control.

The marches for Palestine that have taken place every Saturday since the Hamas pogrom on October 7 have turned central London into a no-go area at weekends, especially for Jewish families but also for many others.

These marches are accompanied by anti-Semitic chants and placards, war cries, intimidation and violence. To millions of Londoners, they feel more like a bid to take over the streets than a genuine protest.

In a similar way, environmental activists have mounted innumerable protests in the capital that threaten the leisure and livelihoods of ordinary people.

From the desecration of great works of art by Van Gogh and Velazquez in the National Gallery to shutting customers out of their local banks or impeding emergency services by stopping traffic, the likes of Just Stop Oil and Extinction Rebellion exult in wreaking havoc on everyday life in the capital.

Residential areas are increasingly unaffordable even for the middle classes, while the office districts are being hollowed out by working from home. Up to half of private sector employees are still only coming into the office part time, if at all. Comparable figures are higher in the public sector.

The passive tone, the implication that “these things eventually happen; hey, whattaya going to do?” regarding the collapse of London is also highly reminiscent of tone of most articles on New York going to the dogs in the 1970s and ’80s, until others found a way to stem the tide — at least for a couple of decades.

HISTORY HAS AN IDEOLOGY PROBLEM: A recent fracas over a widely publicized article in an academic journal shows the damage that progressive bias has done to the profession.

Why would such a strong step be taken to defend a paper that is clearly lacking in historical rigor? The answer lies in politics.

The History and Technology editorial focuses on the paper’s usefulness in “decentering white actors in formative technology developments of the early British industrial era,” and its problematization of “the concepts of modernization and industrialization . . . help show the close ties between these aims and colonizers’ assertions of geopolitical, racial, and religious supremacy.” Bulstrode’s work is valuable in its argument against “a schema which valorizes EuroAmerican intellects and disallows for non-European peoples as the creators of novel technological practices,” helping to displace “narratives that center the agencies and experiences of white capitalists.” According to the editors, “she brings to this literature an agile analytic by which ‘invention’ and ‘innovation’ must be detached from pre-existing ideas of where a particular technology begins and ends.” This is politics, not scholarship.

Americans were told that supporting higher education would support a search for truth. It’s done the exact opposite.

OPEN THREAD: I mean, why not?