Author Archive: Stephen Green

VODKAPUNDIT PRESENTS YOUR DAILY INSANITY WRAP: Trump Had No Choice But to Sign Corrupt ‘Relief’ Bill.

Insanity Wrap needs to know: What’s worse than signing into a law a “relief” bill that provides little relief while doling out hundreds of billions to those who need it the least?

Answer: Vetoing it, losing the Senate runoffs in Georgia, and having Congress override the veto anyway.

Before we get to the sordid details, a quick preview of today’s Wrap.

  • The one simple question that proves the FBI’s total corruption
  • Kwanzaa founder is just another woman-toruting lefty
  • “Ego violence” is a thing now.

Bonus Sanity: Just wait until you see the facts about Trump’s pardons compared to other presidents.

And so much more at the link, you’d have to be crazy to miss it.

CHANGE: Race is on as carmakers shut, switch or sell combustion engine factories.

Carmakers will increasingly find themselves in a race to shut, switch or sell factories producing vehicles with internal combustion engines to avoid being left with “stranded assets”, as regulators set a course for a decade of electrification to reduce carbon dioxide emissions.

Traditional manufacturers are currently playing a “zero sum game” because growth in electric car sales eats into the value of internal combustion engine factories, which “are effectively stranded assets”, a leading analyst has warned.

Philippe Houchois, an analyst at Jefferies, an investment bank, said carmakers’ share prices will be in large part dependent on their ability to avoid losses on fossil fuel assets. “If you want to be a better valued carmaker you need to find a way to shrink your assets faster than a gradual transition to electric vehicles would suggest,” he said.

When are we going to build the nuclear plants necessary to power EVs while actually reducing emissions?

KRUISER’S MORNING BRIEF: Happy Monday Kids — COVID Gonorrhea Is Here. “I’m so full of conspiracy theories lately — what else are you going to when sitting a home all the time — that I’m willing to believe that some mad scientist is really behind the Super Clap. It was either that, or somebody was tempting fate by insisting that nothing else could possibly go wrong in 2020.”

HISTORY: Divers recover a WWII Enigma Machine from the Baltic Sea. “The machine that divers recently fished out of the Bay of Gelting had three rotors, which means it probably came from a surface warship and not a Nazi submarine, or U-boat. From 1942 onward, U-boats carried a four-rotor model of the Enigma device. Several U-boat commanders scuttled their submarines in May 1945 as the Allies closed in. But the presence of a three-rotor machine suggests that at least one surface ship’s officers also threw their Enigma machine overboard in the final days of the war.”

COLD WAR II: Tech Giants Are Giving China a Vital Edge in Espionage.

The embrace between China’s intelligence services and Chinese businesses has gotten tighter, U.S. officials say. In 2017, under Xi’s intensifying authoritarianism, Beijing promulgated a new national intelligence law that compels Chinese businesses to work with Chinese intelligence and security agencies whenever they are requested to do so—a move that codified “what was pretty much what was going on for many years before, though corruption had tempered it” previously, a former senior CIA official said.

In the final years of the Obama administration, national security officials had directed U.S. spy agencies to step up their intelligence collection on the relationship between the Chinese state and China’s private industrial behemoths. By the advent of the Trump era, this effort had borne fruit, with the U.S. intelligence community piecing together voluminous evidence on coordination—including back-and-forth data transfers—between ostensibly private Chinese companies and that country’s intelligence services, according to current and former U.S. officials. There was evidence of close public-private cooperation occurring on “a daily basis,” according to a former Trump-era national security official. “Those commercial entities are the commercial wing of the party,” the source said. “They of course cooperate with intelligence services to achieve the party’s goals.”

Beijing’s access to, and ability to sift through, troves of pilfered and otherwise obtained data “gives [China] vast opportunities to target people in foreign governments, private industries, and other sectors around the world—in order to collect additional information they want, such as research, technology, trade secrets, or classified information,” said William Evanina, the United States’ top counterintelligence official. “Chinese technology companies play a key role in processing this bulk data and making it useful for China’s intelligence services,” he said.

It’s a far-fetched idea, but is there a point where the rest of the world gets fed up with Communist China’s espionage and cuts them off electronically?

KRUISER’S MORNING BRIEF: We Need a Vaccine to Save Us From Bipartisan ‘Relief’ Bills. “There’s the thing — all of the media chatter about this has been referring to it as a COVID relief bill. Yes, we’re all aware that this is how these spending bills get done. That’s the problem though, isn’t it? This little pork dance just gets worse with each new spending bill. Ninety-nine percent of the people who get elected to the House or Senate immediately become afflicted with brain damage that renders them incapable of understanding the meaning of ‘fiscal responsibility’.”