Author Archive: Stephen Green

KRUISER: This Awful Thing That the Super Bowl Has Become Belongs on the Hallmark Channel. “Real sports fans loathe commercials. In fact, if there were an Olympic event that involved racing to grab a remote and mute an ad while we’re watching a game, we would all be contending for gold medals. Heaven help the person who gets between me and the remote as a football broadcast goes to a commercial about medication for leaping chlamydia.”

THAT WOULD BE TRULY AWFL:

VIDEO REVIEW: Precision Armament’s TiTrex .30 Cal Suppressor Sets a New Bar. “3D-printed from Grade 5 titanium, the TiTrex is one of the smaller, lighter .30 cal cans on the market at just 6.2 inches long and weighing only 9.2 ounces including the mount and front cap (5.9 in and 7.2 oz for the body alone). Inch-for-inch, it just might be the quietest .30 cal suppressor available. Even when paired up against longer, fatter, heavier cans, it beats out nearly all of them.”

It’s nice-looking, too.

UNEXPECTEDLY: More WA businesses considering leaving the state due to high taxes.

The latest Association of Washington Business quarterly survey shows bad news on the economic front, with 44% of business leaders saying they are considering moving their personal residence out of state and businesses indicating they are now more than twice as likely – 30% to 14% – to expand outside the state than within it.

The results of AWB’s winter survey are based on 429 responses collected by email from business owners and operators across the state between Jan. 12 and Feb. 2.

“Washington employers signaled a continuing collapse in confidence in the state economy in this quarterly survey, with significant year-over-year deterioration across multiple metrics driven largely by the state’s growing tax burden,” according to the survey’s executive summary.

I wonder if part of the “no hire, no fire” economy is due to uncertainty created by ham-fisted blue-state governance.

IT’S FLORIDA MAN FRIDAY [VIP]: She Drove the Rental Like She Rented It. “It’s time for your much-needed break from the serious news, and this week, we’ll learn how not to get your rental car out of an impound lot, the very worst time to cop a feel, and the stupidest reason to impersonate an FBI agent.”

BLUE CITY BLUES: 5 largest U.S. cities don’t have enough money to pay bills.

At the end of fiscal 2024, all five cities didn’t have enough money to pay their bills despite having balanced budget requirements. In order “to claim their budgets were balanced, as is required by law in the five cities, elected officials” didn’t include “the full cost of government in their budget calculations and shifted costs onto future taxpayers,” TIA said.

Combined, the five cities had $144 billion in assets; their combined debt, including unfunded pension and other post-employment benefits (OPEB), totaled $384 billion. Their combined shortfall was $240 billion, according to the analysis. This included $92 billion in pension debt and $112 billion in OPEB, mainly retiree health care, debt.

A “common and pressing challenge persists” in all five cities, the report notes: “long-term costs of pensions and retiree health care benefits continue to strain their financial health despite short-term improvements or varying circumstances.”

“While investment gains have temporarily eased pension liabilities in cities like New York City and Houston, these gains remain unrealized and uncertain,” it says. New York City’s growing retiree health care obligations “remain vastly underfunded,” as do the other cities’ it notes.

“Chicago exemplifies the consequences of chronic pension underfunding, with liabilities exceeding assets and recurring budget shortfalls,” it adds.

“Los Angeles and Philadelphia, which have made progress in funding, face limitations in financial flexibility due to increased capital investments and rising expenses,” it adds.

The report also grades each city based on its taxpayer burden. New York City and Chicago received F grades; Philadelphia received a D; Houston and Los Angeles received C grades for fiscal health.

Aside from bad finances, guess what else all five cities have in common.

IT’S TIME FOR VICTORIA TAFT’S West Coast, Messed Coast™ Where Trump Makes Life More, What’s That Word Again? Oh Yes, Affordable. “Welcome to the West Coast, Messed Coast™, where the most extraordinary thing has happened in one of the most expensive areas of the country since Donald Trump came back to the Oval Office: Things are getting — what’s that word again? — Oh, yes, more affordable. This help comes despite howling leftists who haven’t been able to repeal the law of supply and demand — yet.”

HMM: The “No Hire, No Fire” Economy.

Job seekers are discouraged by a plague of ghost job listings intended to provide the illusion of growth, with no intention of anyone ever being hired.

Inflation is low, yet consumer confidence is at the lowest level in more than a decade. Stocks are booming, yet no one seems to be hiring. (This seems to be my personal experience as well.) Trump and congressional Republicans have managed to lower taxes, yet the “animal spirits” of the American economy do not seem like they’re been unleashed.

Is AI eliminating jobs? Maybe, especially in the service sector (those AI agents everyone hates have probably replaced some humans on support lines). But tech has been a job growth driver for much of this century, and an AI infrastructure build-out seems to be sucking up all available venture capital (and then some) with very little to show for it in the way of actual profits thus far.

It’s a weird time, to be sure — but at least we have “no fire” to go along with the “no fire,” and perhaps more importantly, wages are up.

TO ASK THE QUESTION IS TO ANSWER IT:

CIVIL RIGHTS UPDATE: It Was Inevitable: Virginia Bill to Ban and Confiscate ‘High Capacity’ Magazines Advances.

On January 27, the Senate Courts of Justice Committee advanced a substitute version of SB749, banning commonly-owned firearms and their magazines. This substitute version defines a “large capacity ammunition feeding device” to include standard capacity magazines capable of holding more than 10 rounds of ammunition. The bill then provides,

B. Any person who imports, sells, barters, transfers, purchases, or possesses a large capacity ammunition feeding device is guilty of a Class 1 misdemeanor.

The legislation doesn’t grandfather magazines possessed prior to the ban. The legislation is magazine confiscation, as current owners would be forced to dispossess themselves of their lawfully acquired property or face a Class 1 misdemeanor. A Class 1 misdemeanor is punishable by up to a year in prison and up to a $2,500 fine.

I’d add a “gooder and harder,” but by and large, the people who voted for this are not the ones who will suffer under it.

But that’s just how Dems wield power.

INCENTIVES MATTER: How Trump’s MAHA movement unexpectedly took a bite out of food price inflation.

Any diet conversation in the Trump administration held over the last year inevitably included a conversation about removing processed and sugary foods from federal welfare programs like SNAP (Supplemental Nutrition Assistance Program) and WIC (Special Supplemental Nutrition Program for Women, Infants, and Children).

Since then, the USDA has approved state-level waivers allowing individual states to restrict or ban SNAP purchases of specific “junk food” items—primarily soda, candy, energy drinks, sugary snacks, and certain prepared desserts—starting in batches throughout 2025 and taking effect mostly on January 1 of this year, or shortly thereafter.

Thus far, 18 states (including Texas, Florida, Oklahoma, Louisiana, West Virginia, Colorado, and others) have implemented these targeted restrictions, aiming to curb chronic disease by shifting subsidies away from ultra-processed items toward healthier foods, though broader processed foods remain eligible in states without waivers.

Well, good.

ROBERT SPENCER: In Virginia, You Must Love Islam — Or Else. “In one sense, Saddam Azlan Salim is a classic immigrant success story. Born in Bangladesh, he grew up in northern Virginia and quickly demonstrated an aptitude for the political rough-and-tumble of his adoptive land. Now he is 36 years old, a Virginia state senator, and a rising star in that state’s now-dominant Democrat Party establishment. In another sense, however, Saddam Azlan Salim clearly retains at least some of the sensibilities of the land of his birth, and he wants to bring them to his new land: He has just introduced a bill to criminalize ‘Islamophobia’ in Virginia.”

HEY, BIG SPENDER: Amazon stock falls 10% on $200 billion spending forecast, earnings miss.

Amazon said it expects capital expenditures to continue to climb higher this year as it aggressively invests in data centers and other infrastructure to meet a surge in artificial intelligence demand.

The company projected capex to hit $200 billion this year, while analysts were expecting $146.6 billion, according to FactSet.

“With such strong demand for our existing offerings and seminal opportunities like AI, chips, robotics, low earth orbit satellites, we expect to invest about $200 billion in capital expenditures across Amazon in 2026, and anticipate strong long-term return on invested capital,” CEO Andy Jassy said in a statement.

During a conference call with investors, Jassy said that spending would “predominantly” go to AWS.

“We have very high demand,” Jassy said. “Customers really want AWS for core and AI workloads, and we’re monetizing capacity as fast as we can install it.”

Earnings misses happen, but that is one yuge capex for 2026.

WHATEVER THAT IS, IT ISN’T PEACEABLY ASSEMBLING:

KRUISER’S MORNING BRIEFING: An Entertaining Treasury Secretary Is the Trump 47 Bonus Prize. “I was so caught up in enjoying the work that all of the above mentioned people were doing that I hadn’t yet gotten around to appreciating the way that Secretary of the Treasury Scott Bessent was handling the hostiles. Hey, I can only pay attention to so many people at once, but I’m noticing now.”

WHOSE KIDS ARE THEY, ANYWAY?

TONIGHT WE’RE GONNA PARTY LIKE IT’S 1899: Murder rate hits lowest since 1900, Leavitt says Trump crackdown made it happen. “Leavitt goes on to list some of the Trump administration’s most prominent crime statistics such as the FBI increasing its violent crime arrests by 100% in 2025 compared to the year prior and also conducting more than 67,000 arrests since Trump’s inauguration. Compared to the same time period of the year prior, under the Biden administration, this marks a 197% increase in overall arrests, the administration said.”

Deporting criminal illegals helped, too.

“JOURNALISM”:

Seriously, no matter how much you despise these guys…