Author Archive: Stephen Green

YOU DON’T SAY: Global economy ‘flashing red’, warns world’s central bank. “In analysis that suggests the federal government will struggle to meet its pre-election promises around real wages growth and budget repair, the Bank for International Settlements (BIS) used its annual report, released on Sunday, to warn of a global ‘regime shift’ that could lead to a repeat of the economic turmoil of the 1970s.”

VIDEO: Sri Lanka Is Screwed.

If you don’t have the time or inclination to watch the video, Lawrence Person has done his usual excellent job of breaking out the bullet points.

Including this bit: “‘This caused the government to enact strange policies, like banning the importation of fertilizer in hopes of easing its trade deficit. Claiming the ban was to make Sri Lanka organic was simply a way to conceal its dire situation.’ Yes, cutting back the ability of your own people to grow food in order to hide the manifest incompetence of your economic policies is quite the recipe for happiness.”

Was there ever a “green” policy that wasn’t grift, graft, or fraud?

UPDATE (FROM GLENN): No, there wasn’t. Also: Flashback: Looming food shortages is the next ‘slow-moving disaster’ to hit world.

BLUE STATE BLUES: Here’s How Much Tax Revenue Illinois Will Lose From Citadel’s Decision To Cut Bait.

Illinois’s richest resident, hedge-fund CEO Ken Griffin, announced on Thursday that he—and his company, Citadel—are packing up shop and heading to Miami, citing a better corporate environment and rising crime rates in Chicago.

The move, which Griffin announced in a letter to employees, will deprive Democrat-run Illinois of hundreds of millions of dollars in annual income tax revenue, a company spokesman told the Washington Free Beacon.

Griffin alone—who is worth approximately $25 billion—pays over $200 million in state income taxes every year, the spokesman said, and Citadel employees have themselves funneled over $1 billion to the state over the past decade.

I’d ask the least person to leave Illinois to turn out the lights, but they’ll probably have gone out before then.

PETER ZEIHAN: China’s Rise Will Be Short Lived. “China is amazing, just not for the reasons most opine. The country will soon have traveled from preindustrial levels of wealth and health to postindustrial demographic collapse in a single human lifetime. With considerable time to spare.”

I’m always wary of “China is about to implode” stories, going back more than 20 years when I first read Gordon Chang’s The Coming Collapse of China. Still, Zeihan’s piece included this bit of trivia that was new to me: “Nearly all of China’s 600 million-strong population growth since 1970 isn’t from more births, but from longer lifespans and fewer deaths.”

CHRISTIAN TOTO: Mr. Bean Accidentally Torches Woke Amy Schumer. “The man known to millions as Mr. Bean is a staunch free speech defender. Now, he’s laying out exactly why Cancel Culture’s hold on humor betrays the craft in a new interview with The Irish Times.”

UKRAINE WAR UPDATE: God Is on the Side of the Heavy Artillery. “While force generation is without a doubt a serious problem for Russia, I’m less certain that it’s a fatal flaw. Historically, Russia has relied on artillery — and lots of it — to make up for any deficiencies in the quality of their infantry.”