Author Archive: Stephen Green

WE’RE RULED BY OVERGROWN CHILDREN:

NICE CATCH: Exiled Yemen government claims to seize 750 tons of Iran-supplied Houthi weapons.

For years, the US Navy and other Western naval forces have seized Iranian arms being sent to the Houthis, who have held Yemen’s capital since 2014 and have been attacking ships in the Red Sea over the Israel-Hamas war.

The seizure announced Wednesday, however, marked the first major interdiction conducted by the National Resistance Force, a group of fighters allied to Tariq Saleh, a nephew of Yemen’s late strongman leader Ali Abdullah Saleh.

The Houthis and Iran did not immediately acknowledge the seizure, which the National Resistance Force said happened in late June.

Yesterday: Sirens sound in Dead Sea area following missile launched by Yemen’s Houthis.

DEMOCRAT POLS ARE AFRAID MAMDANI WILL WIN, BUT THEY’RE MORE AFRAID TO OPENLY OPPOSE HIM: Hochul Tries to Soothe New Yorkers Over Mamdani. “When the working Joe or Jane declares New York City to be unlivable and starts making their way south, that’s no big loss. Conversely, when high-earners and corporations start looking for the exit, that’s a whole new ballgame, sports fans.”

DECOUPLING: China’s Shipbuilding Market Share Plummets as U.S. Port Fees Loom.

“In the first half of 2025, China’s share of newbuilding contracting fell to 52% from 72% in the previous six months. Growing concerns over USTR port fees on Chinese ships in US ports likely contributed to a decrease in contracting in China. This trend was further amplified by a drop in global ship contracting and a shift in the types of ships being ordered,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.

The upcoming USTR port fees, scheduled to take effect in October 2025, will affect both Chinese owners and operators, as well as ships built in China. The policy does include exemptions for smaller Chinese-built vessels based on sector-specific criteria and for short haul voyages.

According to BIMCO’s analysis, global newbuilding orders measured in Compensated Gross Tonnage (CGT) fell 54% year-over-year during the first half of 2025.

But: “China’s dominant position in shipbuilding is unlikely to significantly change soon, but the country could face increasing competition in the medium term. Countries like the Philippines and Vietnam, already small-scale producers of bulkers and tankers, may boost their output, benefiting from low labor costs. Meanwhile, although the US and India currently have limited shipbuilding capacity, both governments are actively working to strengthen their domestic industries. However, even if they succeed, it will take time for them to scale up production.”

AN UNIMPEACHABLE SOURCE: Hunter Biden goes scorched earth on Democrats, gives blunt reason why party lost big in 2024.

Former first son Hunter Biden faulted Democrats’ disloyalty to his father for the electoral drubbing they suffered last year and President Trump’s return to power.

The younger Biden argued that Democrats squandered their advantages of incumbency and “an incredibly successful administration” — despite its record-low approval numbers — when they turned against his father in dramatic fashion last summer.

“We lost the last election because we did not remain loyal to the leader of the party,” Hunter Biden said on former Democratic National Committee boss Jaime Harrison’s new podcast, according to excerpts.

Is he high?

AFTER THE USAID REVELATIONS, I MIGHT BE SHOCK-PROOF: The Extent to Which the State Department Wasted Your Money Was Truly Shocking. “They couldn’t tell you how many people worked here. It’s sort of scary as a taxpayer and as a public servant to think that we don’t even know how many employees we have. This is a national security agency, you know. Who are these people?”

FRANK MIELE: Pushing Back Against the Big Medicaid Lie.

To summarize, here are the talking points that every Republican candidate for Congress must master if they hope to beat back Democrat distortions:

1. Republicans voted to increase Medicaid spending over the next 10 years by 20%.

2. Republicans voted to preserve Medicaid for the needy by making sure that everyone using the program’s valuable resources is truly needy – and eligible.

3. Republicans voted to create an economy where more people can get jobs that provide high-quality health insurance. Emphasize this: Jobs are good.

4. Republicans treat Medicaid recipients with dignity, asking them to follow simple rules to qualify for the benefit, rather than treating them as helpless wards of the state.

5. Republicans are bending the curve downward on the national debt. Even if the CBO is right that the debt will increase by $3.5 trillion over the next 10 years, that increase is only 20% of what it was over the previous 10 years. And the Trump tax cuts are expected to stimulate the economy, so the national debt will actually decrease.

Those will do for a start. Remember, the Big Beautiful Bill is the codification of the agenda that President Trump ran on in 2024. It’s not tricky. It’s not nefarious. And if it is unpopular, that’s only because Democrats have been lying about it. Now, it’s up to Republicans to fight back against the Big Medicaid Lie, or else pay the price for their silence.

Maybe keep those talking points handy.

HOW LOW CAN THEY GO?

WELL, GOP?

Looks like a robed insurrection to me.

WINNING:

IT’S GOOD TO BE THE NOMENKLATURA: Jerome’s House Is a Very, Very, Very Fine House.

There’s been a bit of a building boom going on in D.C. that’s kind of run under the radar with all the sonic booms of the Trump administration reverberating in the air overhead, drowning out the sound of elven hammers hard at work.

Back in April, the NY Post broke the story that the Federal Reserve Chairman, who is so worried about inflation and the debt that he can’t lower interest rates to make your life easier, didn’t have a problem greenlighting a renovation of his admittedly aging digs over at the Fed.

The problem is that what Chairman Powell had in mind turned out to be more of something that got dubbed a ‘Palace of Versailles’ type home remodel, which, in this day and age, caused a few eyebrows to hit hairlines. Particularly since the American taxpayer will wind up footing the bill for it.

Read the whole thing.

NOTHING TO SEE HERE, MOVE ALONG:

Just a reminder that when it’s a Republican, pleading the 5th is a tacit admission of guilt.

MIDTERM PREVIEW: Top takeaways from the latest 2026 midterms fundraising reports.

New York lawmakers gear up for 2026 midterm elections.

Multiple New York House lawmakers raked in more than $1 million ahead of the 2026 midterms, where races in the Empire State will determine control of the House.

Rep. Alexandria Ocasio-Cortez (D-NY) raised $5.8 million and ended the reporting period with $9.8 million cash on hand, an impressive feat for a Democrat who could potentially challenge Senate Minority Leader Chuck Schumer (D-NY) for his Senate seat or even mount a 2028 presidential bid.

Rep. Elise Stefanik (R-NY) is believed to be considering a gubernatorial bid, challenging Gov. Kathy Hochul (D-NY). The New York Republican raked in $4 million and ended June with $11 million cash on hand. Stefanik’s haul is the largest amount raised for a New York Republican for an off-cycle year.

Rep. Mike Lawler (R-NY), another possible gubernatorial candidate, raised just $1.3 million in the same period and ended the quarter with $2.2 million cash on hand. Lawler represents the 17th Congressional District, which Harris won in the 2024 election.

Meanwhile: ‘Suddenly, Republicans’ lead is gone’: GOP pollster describes how Elon Musk’s America Party changes midterms.

HEH:

BELMONT CLUB: The Red Sea Sharks.

For more than 48 hours, two merchant ships in the Red Sea tried to fight off repeated attacks by Houthi fighters who used rocket-propelled grenades, missiles, and drones to sink them both, kill at least three crew members, and take others hostage. No U.S. or allied warship was around to help.

What navies were supposed to come to their aid? While Biden-era and EU policy was ostensibly to keep the Red Sea open to everyone, the new Trump rules of engagement are only to respond to the Houthis if American ships are attacked. That left only the European task force Aspides to ride to the rescue.

But the EU task force Aspides needs a minimum of 10 naval ships plus land bases to cover the Red Sea, Gulf of Aden, Arabian Sea, Gulf of Oman, Persian Gulf, and northwest Indian Ocean. Only France, Germany, Italy, Greece, and Belgium actually provided a handful of ships to the freedom of navigation mission — and no land bases — while the rest provided only “support staff.” With Aspides’ limited capability, it had no chance of covering its AO and could not sail to the rescue of the two ships, both of which were Greek-owned.

Exit quote: “The simple reason the pirates sail the seas is that the relative weakness of Europe has returned.”

DECOUPLING: Chinese-made iPhones could be banned in US over theft of trade secrets.

Back in 2023, both Samsung Display and China’s BOE were filing multiple suits against one another, each concerning alleged theft of technologies. As part of this, Samsung Display also filed a complaint with the US International Trade Commission (ITC), and that regulator has now made a preliminary ruling.

According to ET News, the ITC has sided with Samsung over the allegation that BOE has violated trade secrets concerning the manufacture of OLED screens. Specifically, the ruling says that Samsung Display “has proven by a preponderance of evidence” that BOE has been making OLED panels through “misappropriation of trade secrets.”

The ruling is preliminary, however reportedly the ITC rarely overturns its initial findings in its final judgement. That final judgement is currently expected to be issued in November 2025, when as US President, Trump will have two months to decide whether the exercise any recommended ban.

If the ITC follows its preliminary recommendations, and those are approved, then the ban would cover the import of products, such as certain iPhones, which use BOE OLED panels.

The lesson is an old one: Don’t trust China; China is asshoe.