Archive for 2024

BIDEN MIGHT BE SENILE BUT HE STILL KNOWS HOW TO SERVICE HIS MOST IMPORTANT CONSTITUENTS:

IT WOULD TAKE A HEART OF STONE NOT TO LAUGH: MSNBC and CNN Fight to Dig Out of a Postelection Ratings Hole.

MSNBC averaged 603,000 prime-time viewers from the day after the election through Dec. 8, down by more than half from the network’s year-to-date average through the election, according to Nielsen data. CNN was down 46%, to 401,000 viewers. Meanwhile, Fox News was up 12%, averaging about 2.7 million viewers.

MSNBC and CNN both reported dips for the month following the 2016 election, but they weren’t nearly as steep. CNN’s drop was off a higher baseline.

Partisan viewers “turn away in disgust when it’s the other side having that postelection euphoria,” said Johanna Dunaway, a political science professor and research director of the Syracuse University Institute for Democracy, Journalism and Citizenship.

Dunaway said Democrats and Republicans grow disenchanted with the media and society when their candidates lose. After Biden won in 2020, Fox News’s prime-time viewership fell by 6%. Following Barack Obama’s 2012 win against Mitt Romney in the presidential election, Fox News’s prime-time viewership was down 13%.

Nobody wants to lose 13% or even just 6% of their business. But Fox’s 2012 and 2020 losses were a drop in the ratings bucket compared to CNN and MSNBC this year.

KRUISER’S MORNING BRIEFING: Good Times — The Trump Train Runs Over George Stephanopoulos. “The people who participated in making the Biden years a liberty-choking slog are taking it on the chin now, and it’s a heck of a lot of fun to watch. Trump’s latest roundhouse punch to the Left is one that has been long overdue. The Democrats’ flying monkeys in the mainstream media have been working to undermine the Constitution for decades and most Republicans in Washington have been letting them get away with it.”

HE FINALLY GETS IT:

The best part is at the end when Chris Cillizza says, “You’re totally right” while shaking his head “No.”

EVERYTHING IS BIGGER IN RUSSIA: Russian Banks Raise Mortgage Rates To 100% Amid Market Turmoil.

According to Chebeskov, financial institutions are using various tactics to discourage mortgage lending, including additional fees, inflated down payments, and issuing part of the loan under market rates far above state-supported programs.

“We are working with the Central Bank to eliminate these extreme practices,” Chebeskov stated, adding that such schemes violate the principles of fair lending. The Central Bank confirmed the rise of such tactics, noting that some banks exploit state-backed combo mortgage programs by applying exorbitant rates to the market-linked portion of the loan.

Economist Olga Gogaladze explained that borrowers resort to these programs when home prices surpass state-subsidized limits. With Moscow’s average apartment price at 20.3 million rubles (and Russia’s national average at 6.2 million rubles, many homebuyers must seek costly supplementary loans.

Analysts warn that unless market stability improves, Russia’s already paralyzed property market will soon enter freefall.

A $350,000 loan at 100% for 30 years requires a monthly payment of $29,167. Which, if you’re trying to put a damper on a housing market, ought to do the trick.

RETURN TO NORMALCY:

THIS: