Author Archive: Stephen Green

HMM: 10-year Treasury yield falls after surprise decline in private payrolls, government shutdown.

Treasury yields fell Wednesday after new data showed a surprise decline in private payrolls, while traders monitored the consequences of the government shutdown after lawmakers failed to reach an agreement on the federal funding bill.

Separately, the Supreme Court ruled Wednesday that Federal Reserve Governor Lisa Cook can keep her job as a voting member of the policy-setting Federal Open Market Committee pending January’s oral arguments to decide if the president has the legal authority to remove her from office.

Numbers out Wednesday continued to show a softening jobs market. Private payrolls declined by 32,000 in September, according to ADP. Economists polled by Dow Jones expected an increase of 45,000. August payrolls were also revised to show a loss of 3,000, reversing initial data that showed a 54,000 increase.

So we recently learned that a million jobs created in Biden’s last year were imaginary, and now this — and the best the Fed can do is a measly quarter point cut?

MORE NUKES IS GOOD NUKES:

And a good “Lord of the Rings” reference is always welcome, too.

WHAT WAS GLENN JUST SAYING ABOUT THE LEFT AND THE NECESSITY OF LYING?

Exit Question: Since “free” healthcare is classic vote-buying, do Democrats expect illegals to vote?

EVERYTHING IS RACISM: Physical design of universities alienates marginalized students.

The design aesthetics of American institutions of higher education often make students from lower-socioeconomic and racially minoritized backgrounds feel like outsiders on their own campuses, claimed a group of scholars in a recent article published in the Educational Psychology Review.

“Many institutions of higher education were created by and for wealthy White men, to educate ‘young men of good hope’ for careers in law, medicine, and other high-status professions,” the scholars wrote.

“Today, intentionally or not, American institutions of higher education continue to serve the interests of wealthy White people and they have done little to dismantle socioeconomic and racial inequity.”

Together, they argued, these feelings of being an outsider are downstream of the “exclusionary function” of public spaces like parks and libraries on college campuses.

American universities are designed as “defensible spaces” that “undermine inclusion and perpetuate inequities” through territoriality, surveillance, and symbolism, the scholars noted.

The professionally neurotic have to earn those grant dollars somehow.

KRUISER’S MORNING BRIEFING: Hakeem ‘Sombrero’ Jeffries Is Having a Rough Schumer Shutdown. “My theory about Jeffries is that Nancy Pelosi is really still in charge of the Dems over in the House, she just doesn’t want to go to as many meetings anymore. A woman who was as powerful as she was for so long doesn’t simply fade into the background. She’s pulling the strings, but Jeffries gets all of the camera time. That frees her up to spend extra quality time with her beloved Franzia.”

HARDBALL: Trump administration freezes $18 billion in New York City infrastructure projects, Vought says.

Vought’s announcement came on the first day of the shutdown of the U.S. government after Congress failed to pass stopgap funding bills that would have kept federal agencies and services operating at normal capacity for at least another seven weeks.

The Trump administration has blamed the two top Democrats in Congress — Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries — for that shutdown. Both Democrats are from New York City.

Gateway, which costs more than $16 billion, is set to build another rail tunnel under the Hudson River to add capacity to two single-track tunnels that carry Amtrak and New Jersey Transit trains to Penn Station in Midtown Manhattan from New Jersey, and vice versa.

The Second Avenue Subway is an ongoing subway line project along Manhattan’s East Side.

Vought announced the freeze in posts on the social media site X.

“Roughly $18 billion in New York City infrastructure projects have been put on hold to ensure funding is not flowing based on unconstitutional DEI principles,” Vought wrote.

DEI refers to diversity, equity and inclusion policies, which have become a target for the Trump administration.

Mayor-in-waiting Mamdani, take note.

YES: NATO’s Hypersonic Defense Problem Is Industrial, Not Technological.

The Alliance is not defenseless. Ukrainian Patriot batteries have already intercepted Kinzhal, missiles once marketed by Russia as “unstoppable.” But the Oreshnik strike underscored a more immediate danger. NATO’s defenses are not keeping pace with the threat environment because our industrial and procurement timelines are too slow. This is not primarily a question of physics. It is a question of production, stockpiles, and speed.

Russia and China are both pressing their advantages. Russia fields a mix of fast and maneuverable systems—Kinzhals, Zircons, and Iskanders—that stress Ukrainian and NATO defenses daily. China’s missile arsenal is larger and more systematic. Its DF-17 glide vehicle and anti-ship ballistic missiles (DF-21D and DF-26) are designed to hold U.S. and allied forces at risk. None of these weapons are magical, but they are being produced and deployed at scale.

The Alliance’s challenge is less about invention than about execution.

NATO has the building blocks in place. The United States already operates space-based infrared satellites that can detect launches globally, and new layers like the Hypersonic and Ballistic Tracking Space Sensor and the Space Development Agency’s Tracking Layer are beginning to provide continuous tracking of maneuvering threats. Interceptors like Patriot have already destroyed Kinzhals in combat. Glide-phase interceptors are in development through the U.S.–Japan program, and Europe has its own concept study in HYDIS².

The problem is timelines.

And don’t even get me started on drones, where gold-plated bureaucratic inertia will likely cost us bigly someday.

LEFTIES PROJECT, ALWAYS:

WILD:

It’s wild because Fetterman often talks a good game, but Progressive Punch grades his voting record with a solid B.

HMM: France Probing Russia-linked Tanker For ‘Serious Offences.’

French authorities have opened a probe into the Boracay, a Benin-flagged vessel anchored off France’s Atlantic Coast that has been blacklisted by the European Union for being part of Russia’s sanction-busting “shadow fleet”.

“There were some very serious offences committed by this crew, which justify the current judicial procedure,” Macron told reporters at an EU leaders’ summit in Copenhagen.

Built in 2007 and variously known as Pushpa and Kiwala, the Boracay has been anchored off Saint-Nazaire in western France for several days.

According to the specialist website The Maritime Executive, the vessel is suspected of being involved in mystery drone flights that disrupted air traffic in Denmark in September.

The publication said the tanker and other ships could have been used either as launch platforms or as decoys.

Developing…

I’D ALREADY DIED OF TAX CUTS, MAYBE TWICE:

“STANDARDS AREN’T DISCRIMINATION.”

BATTLESWARM: Scenes From The Transsexual Madness Rollback. “While the violent lunatics of Transtifa will probably continue to attempt murder against ordinary people for the crime of pointing out the obvious truth that there are only two biological sexes, signs of the successful rollback of the transsexual madness the social justice Democrats tried to impose on America are readily apparent elsewhere.”

CIVIL RIGHTS UPDATE: Another Win for Bruen: Judge Holds Ban on Carry in Post Offices is Unconstitutional. “Judge Reed O’Connor, a Trump appointee, said both the Post Office’s own regulation and a federal law barring firearms possession in a ‘federal facility’ cannot survive scrutiny after the Supreme Court’s 2022 ruling in the Bruen case. That ruling said that for firearms restrictions to stand, they must be consistent with what the founders who crafted the Second Amendment would have envisioned.”

MEANWHILE, OVER AT VODKAPUNDIT: Coming Soon From Bill Gates’s Lab of Horrors: FRANKENBUTTER. “If Savor’s ‘butter’ processing facility looked any more like an oil refinery, Ukraine would bomb it. They don’t even have a consumer-friendly name for Frankenbutter yet. So far, the company refers to their catalytically converted, bubble-column-reactor-induced butter-type product as ‘butter made from carbon’ or ‘animal- and plant-free butter.'”

SETH TILLMAN: Joel Klein’s World Class Kinsleyesque Gaffe. “Klein saved this story for when Bazelon is dead and cannot answer. In my mind, that’s a damn sight worse than what Bazelon is alleged to have done.”