LET THE GOOD TIMES ROLL: Bidenflation Sucks Slightly Less Than Expected, Left Dons Party Hats. “The good news is that inflation came in a massive 0.1% under consensus expectations, and the bad news is pretty much everything else. Before we get to ‘pretty much everything else,’ let’s look at the headline numbers that the State Media is using today to assure you that ‘All is well, comrades.'”

CONGRATS: Raspberry Pi is now a public company.

Who would have thought that Raspberry Pi, the maker of the tiny, cheap, single-board computers, would become a public company? Yet, this is exactly what’s happening: Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate.

Shortly after that, the company’s shares jumped a nice 32% to £3.70. It means that Raspberry Pi could end up raising more than $200 million during its IPO process.

Retail investors can’t buy Raspberry Pi shares just yet, as only certain institutional shareholders can trade the company’s shares right now. Retail investors will be able to buy and sell shares starting on Friday.

I’ve had a couple of Pis over the years and loved them. Tempted to buy one share just for sentimental reasons.

HISTORICALLY, AMERICANS HAVE NEVER CARED MUCH FOR FREELOADERS: New Poll Finds Just 3 in 10 Americans Approve of Biden’s Student Loan Forgiveness Plan

UM…: Massachusetts Bill Would Allow Women to Sell Their Unborn Children.

On June 12, the Massachusetts House is expected to vote on a bill that would allow mothers to exchange their children for money—that is, engage in baby-selling—under the name of “parentage equality.”

The “Parentage Equality” bill seeks to redefine parenthood. Parenthood is recognized on its natural biological basis, or in cases of adoption, justice for a child who has suffered loss by providing them with a safe, loving home. This bill redefines it on the basis of a “person’s intent to be a parent of a child.” In doing so, it strips all mention of mothers and fathers from parentage law, replacing these vital familial roles with gender-erased language.

Finally, and most concerning, under H.4672, Massachusetts would allow for commercial surrogacy both in cases wherein the woman carrying the child is genetically unrelated to the child and in cases where she is exchanging her biological child for money.

Read the whole thing.

KRUISER’S MORNING BRIEFING: Biden’s Cardboard Cutout Stand-In Makes First Public Appearance. “The lapdog media’s overwhelming attempts to keep the myth of a mentally functional Biden are failing, largely because it’s difficult to sugarcoat the video evidence relating to the man who has the most visible job in the world.”

CRISIS BY DESIGN: Six suspected terrorists with ISIS ties arrested in sting operation in New York, Los Angeles and Philadelphia.

Six Russian nationals suspected to have terror ties to ISIS have been arrested in a coordinated sting operation spanning Los Angeles, New York and Philadelphia, The Post can exclusively reveal.

Two ICE sources confirmed to The Post they arrested the six people, who hail from Tajikistan, over the last week after the FBI contacted the agency to warn it.

Part of the investigation featured a wiretap which revealed one of the now-arrested individuals was talking about bombs, the sources said.

“Remember the Boston marathon [bombing]? I’m afraid something like that might happen again or worse,” one of the sources told The Post.

Kurt Schlichter’s The Attack was supposed to be a page-flipper warning, not prophecy.

OF COURSE SHE HAS: Trust Me — DOCTOR Jill Biden Has Already Worked Out a Modified ‘Weekend at Bernie’s’ Plan.

THE EV BUBBLE IS DEFLATING: GM trims 2024 EV forecast amid slower-than-expected demand.

GM Chief Financial Officer Paul Jacobson said the company now expects production of its all-electric vehicles to range from 200,000 to 250,000 this year, down from a previously announced range of 200,000 to 300,000. The company has recently said it will produce volume to match demand, which is growing more slowly than had been forecast.

“So at the lower end of that, and I think it reflects the momentum that we have in the business,” Jacobson said Tuesday during a Deutsche Bank investor event.

Jacobson said GM expects EVs to make up 8% of U.S. sales industrywide this year. That’s lower than many other auto analyst forecasts, which expect EVs to represent around 10% of industry sales in 2024.

GM expects its EVs to be profitable on a production, or contribution-margin basis, once it reaches production of 200,000 units. That milestone is still expected in the fourth quarter of this year, he said.

I’m curious to know how much money GM will lose on EVs before they hit that milestone.

FRAUD, BULLYING, INTIMIDATION: FBI Tried to Unmask Employee as Trump Supporter.

I HAD BEEN ASSURED TARRIFFS WOULD NEVER MAKE THIS HAPPEN: Volvo suddenly shifts EX30, EX90 production to Belgium to avoid China-made EV tariffs.

DON’T GET COCKY: Nate Silver Issues Dire Warning to Democrats About Biden.

SAD: The Great Deterioration of Local Community Was A Major Driver of The Loss of The Play-Based Childhood.

THERE IS LITERALLY NOTHING THAT GOVERNMENT CAN’T SCREW UP: Martha’s Vineyard Is Running Out of Pot and I Can’t Stop Laughing (and I’m Not Even High).

KEVIN DOWNEY JR: Democrat Nightmare: Armed Black Hartford Citizen Patrols Take to the Streets. “The self-defense brigade is a liberal Marxist’s nightmare. Ordinary Americans — in this case, black folks — have had enough crime and violence and have decided they need to protect themselves. It is their American right to do so, but Democrats hate people who stand up for themselves.”

MORE NUKES IS GOOD NUKES: In Wyoming, Bill Gates moves ahead with nuclear project aimed at revolutionizing power generation.

Gates was in the tiny community of Kemmerer Monday to break ground on the project. The co-founder of Microsoft is chairman of TerraPower. The company applied to the Nuclear Regulatory Commission in March for a construction permit for an advanced nuclear reactor that uses sodium, not water, for cooling. If approved, it would operate as a commercial nuclear power plant.

The site is adjacent to PacifiCorp’s Naughton Power Plant, which will stop burning coal in 2026 and natural gas a decade later, the utility said. Nuclear reactors operate without emitting planet-warming greenhouse gases. PacifiCorp plans to get carbon-free power from the reactor and says it is weighing how much nuclear to include in its long-range planning.

The work begun Monday is aimed at having the site ready so TerraPower can build the reactor as quickly as possible if its permit is approved.

It’s difficult to trust Bill Gates but this looks like nothing but good news — pending regulatory approval, of course.

BREAKING: Verdict Reached in Hunter Biden Trial.

UPDATE (From Ed):

Any bad things happen the last time a country teetering on a sovereign debt collapse jailed a painter? https://t.co/jm7L71LLd9

— John Ekdahl (@JohnEkdahl) June 11, 2024

MEANWHILE, OVER AT VODKAPUNDIT: The Wall Street Journal Just Caught on to What We’ve All Known for Months.

The last of the party guests left hours ago, and now it’s just you and your spouse stuck with the cleanup. There are bottles and glasses stashed almost everywhere, the one ashtray you still have is out on the deck, overflowing with butts, and there are at least two loads worth of dishes to do.

The sudden shock of the doorbell almost jolts you out of the headache you feel coming on.

You make your way to the door and open it to find a nicely dressed man holding a bottle of wine. He says, “I’m here for the party.”

“Who the hell are you?” you ask, annoyed that anyone would show up at this time of night.

“I’m the Wall Street Journal.”

There’s being late to the party, and then there’s the latest big WSJ scoop about Hamas.

Much more at the link.

THAT’S EMBARRASSING: Su-57 Felon Struck Deep Inside Russia, Ukraine’s Spy Agency Claims. “Both Ukrainian and Russian sources say that for the first time an Su-57 Felon, Moscow’s most advanced combat aircraft, was struck.”

The pro-Russian Fighterbomber Telegram channel, which often writes about aviation losses and has deep connections to Russian Aerospace Forces, confirmed one Felon was hit and said the attack was carried out by three Ukrainian drones.

“The Su-57 was damaged by shrapnel; it is now being determined whether it can be restored or not,” Fighterbomber wrote. “If not, then this will be the first combat loss of the Su-57 in history.”

GUR said that there are a “few units” of the Felon “in service with the Russian Aerospace Forces.” The number of production configuration Su-57s in Russia’s inventory is notoriously limited. As of early 2023, there were just around nine full-up Su-57s in Russia’s stable, along with less than a dozen pre-production Su-57/T-10 prototype aircraft that are not fully equipped for combat operations. The number of production Su-57s has expanded since then, but not on a grand scale as Russia prioritizes production of 4th generation fighters, namely the Su-35, over the more complex and expensive Su-57.

More:

These attacks raise questions about the ability of Russia’s widely dispersed and heavily targeted air defenses to counter Ukrainian drone incursions and the ability to protect aircraft, almost all of which sit in the open without any sort of shelter, let alone hardened ones.

In its report on the damaged Felon, the Russian Fighterbomber Telegram channel complained bitterly about the lack of protection from drone attacks.

“I’ll tell you again. For the price of this Su-57 alone, shelters from UAVs could be built for all PTA aircraft in the country,” the channel wrote.

Indeed.

THE ENEMY WITHIN: Four Israeli Hostages Have Been Rescued, and Kamala Harris and the Media Have the Sads.

PRIVACY: Car insurance companies secretly collecting driver data with the help of phone apps.

The subscription-based apps Life360, MyRadar and Gas Buddy are providing user data to an Allstate-owned company, Arity, which computes the numbers to create a “driving score” that takes into account any risky behavior behind the wheel, such as distracted driving, speeding and sudden braking.

That information is then sold to other insurance firms — with user consent — which set rates for their customers, according to The New York Times.

Life360, which is used by parents to keep track of their kids’ locations; Gas Buddy, which helps drivers find gas stations that offer the cheapest fuel; and MyRadar, which tracks storms and inclement weather, all have opt-in driving analysis features that rely on sensor and motion data transmitted by smartphones, according to the report.

The opt-in feature for Gas Buddy gives users information on the fuel efficiency for their drives — a technology that is “powered by Arity.”

Allstate’s web site says that Arity has collected “more than a trillion miles of driving data” which “helps inform how transportation, insurance and other businesses can evolve to better serve their customers.”

An Arity spokesperson told the Times that users “agree to Arity’s Privacy Statement before they opt in to the Drives function.”

But users are not informed about what Arity is or what it does, and the agreement is written in small gray font under a big red button that reads “Join Drives.”

Be careful what you click out there. If 1% of users are aware of what they’re opting into with Arity, I’d be shocked.

KRUISER’S MORNING BRIEFING: How Many Euros Does a MAGA Hat Cost? “The results from Sunday have the Eurolefties freaked out. Those who are most panicky tend to be the ones who still pretend that Joe Biden is functional (looking at you, Emmanuel Macron). Their dog-eared leftism is obviously not winning hearts and minds these days.”

HMM: Why Boeing Needs A New Plane — Soon.

Analysts expect the next CEO to take a fresh look at developing a new airplane.

Airbus’ A320neo family has outsold the 737 Max line nearly 2 to 1, largely on the strength of the largest planes, the A321 and A321XLR. They can carry more passengers farther than the 737 Max 10, the biggest Max variant, which Boeing has yet to bring to market. Meanwhile, Airbus has a newer, more efficient small airliner, the A220, that it’s considering stretching into a larger version that would threaten the lower end of the 737 line.

“Boeing’s in the middle” between the A321 and A220 “with an aircraft that’s had trouble — not a great place to be,” Robert Spingarn, an analyst at Melius Research, told Forbes. “You’re getting to the point where your competitive edge is at risk.”

With everything that will be on the new CEO’s plate – including what promise to be difficult contract talks with Boeing’s machinists in Washington state – there’s a risk that person won’t want to touch a new airplane till the near-term problems are solved. That would be a mistake, said Spingarn.

“They should be able to do both of these things simultaneously, get the safety and quality back to where it needs to be, and at the same time figure out what the future is going to hold.”

I’d love to see a new plane from Boeing, designed and manufactured with the old “If it’s not Boeing, I’m not going” spirit.

THEY WEREN’T FAILURES; SHE GOT EXACTLY WHAT SHE WANTED: Nancy Pelosi: ‘I Take Responsibility’ for January 6 Security Failures.

CHANGE: Panic stations for Democrats as tech titans raise millions for Trump.

Silicon Valley appears to be turning on Joe Biden and the Democrats as a major fundraising event raised millions for Donald Trump in San Francisco on Thursday.

The event, hosted by prominent venture capitalist David Sacks and investment firm founder Chamath Palihapitiya, shows a major shift in sentiment within an industry once seen as staunchly liberal – potentially causing worries for the Democrats.

Sacks, a partner of Craft Ventures and former COO of PayPal, opened the doors of his Pacific Heights home for the fundraiser, where tickets sold for a hefty $50,000 per head, with an exclusive $300,000 tier offering perks such as a photo opportunity with Trump – and $500,000 per couple.

The event was expected to rake in a staggering $12 million for Trump’s campaign, a success for the Republican candidate, despite his recent legal troubles.

Despite or because of?

THESE ARE THE NEW RULES: It’s Time to Arrest James Clapper and Antony Blinken