Saturday, July 17, 2021

In the news, Tuesday, July 6, 2021


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JUL 05      INDEX      JUL 07
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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization

The city’s enforcement against shoplifters has dwindled, and these are the results.
San Francisco ranks as the fifth-worst city in the US when it comes to retail theft. Now, the problem is getting so bad that businesses like Target and Walgreens are being forced to make drastic changes in response. “For more than a month, we’ve been experiencing a significant and alarming rise in theft and security incidents at our San Francisco stores,” a Target spokesperson said. “With the safety of our guests, team members and communities as our top priority, we've temporarily reduced our operating hours in six San Francisco stores.” Target stores normally stay open to 10:00 pm, but many in the San Francisco area will now close their doors at 5:00 pm or 6:00 pm. Meanwhile, Walgreens stores are faring even worse, with some shutting their doors altogether.

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from Hoover Institution
Nonprofit Organization in Stanford, California

In 1983 U.S. President Ronald Reagan announced the Strategic Defense Initiative (SDI), which was nicknamed by some as “Star Wars.” SDI was meant to protect the United States from intercontinental ballistic missiles by the use of defensive weapons on both earth and in space. Lasers would play a key role in the technology of destroying incoming missiles. The technology didn’t exist yet, but Reagan proposed that the nation devote itself to developing it.

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from HumanProgress.org
Education Website

In the aftermath of World War II, the territories now known as the Four Asian Tigers were among the poorest places in the world. Hong Kong, Taiwan, Singapore, and South Korea, all occupied by the Japanese Empire during the war, had poverty rates equivalent to those in the Global South. That changed, thus showing the promise of economic liberalism for the rest of the world.

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from Mises Institute
RIGHT-CENTER BIAS, MIXED


Why Africa's Geography Is a Barrier to Growth
Browsing through history, we can identify several examples of states overcoming the hurdles of geography to achieve great feats. Though the plague of an inhospitable geography is not an insurmountable obstacle to development, it remains crucial to understanding disparities in income across countries. However, some mainstream economists place a premium on institutional development as a panacea for economic growth. Institutions are indeed important, but the legacy of geography still lingers. Compared to the rest of the world, economic growth in Africa has been quite sluggish. A stunning fact is that during 1965–90, GDP (gross domestic product) per capita growth in Africa averaged 0.8 percent per year. Yet growth in the seven fastest-growing developing countries outside the region averaged 5.8 percent, and growth in the rest of the developing world recorded an average growth of 1.8 percent. Economic decline was so dramatic that the average 1972 GDP level was not attained again until 2004. 

What is noteworthy about the depressing title to this article is its source. In a case of uncommon candor, President Biden’s economic team has announced that once the artificially high, stimulus-juiced GDP (gross domestic product) measurements of the next two years subside, the United States will experience sub–2 percent growth for the rest of the decade. This dismal forecast wouldn’t be surprising if it had come from Biden’s political opponents, but coming out of the White House itself, it is an astonishing admission. ... Stagnation is real, but it isn’t “secular”—that is, sluggish growth doesn’t have to happen. The coming stagnation isn’t foreordained; it is simply the inevitable outcome of a progressive agenda that disdains free enterprise.

Michael Rectenwald: In the fall of 2016, I was a left communist. As I will show below, I came to this position after a circuitous tour through numerous sects of Marxism. A year later, I had thoroughly renounced Marxism and embraced the views of free market economists and philosophers Ludwig von Mises and Murray Rothbard. How did a career world tourist of left intellectual and radical movements find a home in libertarian social and economic thought? And why did it take twenty-five years to defect? As any Marxist can tell you, ideology can blind one to the insights that might disrupt one’s political adhesions, often against one’s own best interests. Only it was Marxist ideology itself that blinded me. 

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from Reason Magazine
Magazine in Los Angeles, California

The public debate over critical race theory (CRT) is in large part a semantics argument, with the anti-CRT faction attempting to include "all of the various cultural insanities" people hear about in the media under the banner of CRT while the other side protests that it's technically a much more limited concept confined to elite education. Progressives are essentially correct that the definition of CRT is being tortured to match conservative grievances, but conservatives are justified in feeling aggrieved by some of these things, and thus the argument is quite tedious. That said, the National Education Association (NEA) appears to have accepted the conservative framing of CRT: namely, that it's not merely confined to academia but is in fact also being taught in K-12 schools. And the NEA thinks this is a good thing that should be defended. At its yearly annual meeting, conducted virtually over the past few days, the NEA adopted New Business Item 39, which essentially calls for the organization to defend the teaching of critical race theory. "It is reasonable and appropriate for curriculum to be informed by academic frameworks for understanding and interpreting the impact of the past on current society, including critical race theory," says the item.

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from The Spokesman-Review
Newspaper in Spokane, Washington

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In the news, Monday, July 5, 2021


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JUL 04      INDEX      JUL 06
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from Mises Institute
RIGHT-CENTER BIAS, MIXED


“1/4 of Americans Qualify as Highly ‘Right-Wing Authoritarian’ New Poll Finds,” runs a recent headline from Business Insider. This shocking headline is only one of many similar articles reporting on a recent study. If the headline’s implications are true, this is certainly terrifying news. But before we start checking under our bed for fascists every night, we might want to look a bit deeper into how the researchers behind this poll came to this number. The “Right-Wing Authoritarianism Scale” was constructed by Canadian psychologist Bob Altemeyer, and it gained notoriety after Altemeyer and John Dean used it in their book Authoritarian Nightmare, published in August. Altemeyer’s scale has been around since long before the Trump presidency, and he explains how he created it in his 2006 digital book The Authoritarians. ... The cognitive dissonance of American academia and journalism is on full display in this survey.

The growth of government during this century has attracted the attention of many scholars interested in explaining that growth and in proposing ways to limit it. As a result of this attention, the public-choice literature has experienced an upsurge in the interest in anarchy and its implications for social organization. ... The purpose of this paper is to take us from the theoretical world of anarchy to a case study of its application. To accomplish our task we will first discuss what is meant by "anarchocapitalism" and present several hypotheses relating to the nature of social organization in this world. These hypotheses will then be tested in the context of the American West during its earliest settlement. We propose to examine property-rights formulation and protection under voluntary organizations such as private protection agencies, vigilantes, wagon trains, and early mining camps. Although the early West was not completely anarchistic, we believe that government as a legitimate agency of coercion was absent for a long enough period to provide insights into the operation and viability of property rights in the absence of a formal state. The nature of contracts for the provision of "public goods" and the evolution of western "laws" for the period from 1830 to 1900 will provide the data for this case study. The West during this time is often perceived as a place of great chaos, with little respect for property or life. Our research indicates that this was not the case; property rights were protected, and civil order prevailed. Private agencies provided the necessary basis for an orderly society in which property was protected and conflicts were resolved.

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from The Spokesman-Review
Newspaper in Spokane, Washington

Jim Hinch: In the mountainous high desert of Grant County, Oregon, America’s battle over infrastructure appears hopelessly misguided. While lawmakers debate roads versus colleges and jobs versus climate change, residents of this beautiful but economically struggling region are piecing together a future that scrambles or even renders irrelevant many terms of that debate. On paper, Grant County appears no different from any other solidly Republican rural area. More than three quarters of residents voted to re-elect Donald Trump last year. In May, voters joined six other Oregon counties in approving a symbolic resolution to secede from the rest of state. Grant County was a timber-producing powerhouse until changes in the forest-products industry and environmental regulations upended the local economy. The county has lost jobs and population almost every year since the 1990s. It currently ranks as Oregon’s most economically distressed area. Though the poverty rate matches some of urban Portland’s most disadvantaged neighborhoods, historically there has been little appetite for the sort of ambitious, expensive government proposals in President Joe Biden’s infrastructure plan. Politics here often follows a simple rule: If Portland likes it, we’re against it. Yet, Grant County has hatched a counterintuitive effort to reverse years of economic decline by becoming more like … Portland.

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In the news, Sunday, July 4, 2021


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JUL 03      INDEX      JUL 05
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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization

Of America’s 46 presidents, only one shares a birthday with the country itself—and he was a mighty fine one at that. Calvin Coolidge, our 30th, was born on July 4, 1872. In the summer of 2023, we will note the centennial of his assuming the presidency but it’s never too soon or too late to celebrate this remarkable man.

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from NBC News (& affiliates)
LEFT-CENTER BIAS

It looked like a rolling disaster: England lifting almost all coronavirus restrictions just as the highly transmissible delta variant was sending infection rates skyrocketing. But British Prime Minister Boris Johnson's gamble could well pay off, at least in the short term, providing a lesson to other countries desperate for any light at the end of the pandemic tunnel. I think the U.K. is in a very favorable position, a better position than it's ever been during the pandemic," said Francois Balloux, a professor of biosciences at University College London. "I would say the near future, and perhaps even the long-term future, looks better than it ever has before."

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from The Spokesman-Review
Newspaper in Spokane, Washington

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In the news, Saturday, July 3, 2021


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JUL 02      INDEX      JUL 04
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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization

In today’s media, we are constantly being told of “new and improved” impositions that are needed to replace the “old hat” ideas of freedom and open competition. But the visions held by these proponents could hardly be further from reality. Leonard Read wrote of this decades ago, in “Freedom: A New Vision,” Chapter 2 of his 1975 Castles in the Air. While the trend was not as pronounced then as it has become, Read’s vision is still worth serious reflection today, as it is much clearer and far more promising than authoritarianism disguised as utopianism. Leonard Read reminds us of how large the chasm is between utopian promises authoritarians offer and what they actually have the wisdom to provide.

When the COVID-19 outbreak began and governments started imposing economic lockdowns, most parts of the country experienced huge upticks in unemployment. But how have different cities fared in the year since? A new report from WalletHub offers some insight. There are two significant patterns here.

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from Mises Institute
RIGHT-CENTER BIAS, MIXED


The Global Minimum Corporate Tax Exposes the G-7's Hypocrisy
Austrian school economists have long demonstrated that monopolies only tend to form as a result of government intervention, and “natural monopolies” have virtually never actually existed. Nonetheless, we are continually told by political and academic “experts” that unregulated economies inevitably give rise to monopolies, business trusts, and cartels, all of which they assure us have disastrous consequences for ordinary people. Therefore, we are told, governments are justified in taking forceful action to prevent monopolies from developing or to break them apart. ... The G-7's quest for a global minimum corporate tax has highlighted just how much the global elites can't stand what they see as private "monopolies," but also want more monopoly power for themselves.

With Home Prices Soaring, Shoppers Fear Buying at the Top of a Bubble
Google reported in April that the search question “When is the housing market going to crash?” had spiked 2,450 percent in the past month, according to Diana Olick of CNBC. “Why is the market so hot?” searches had doubled in just a week. Since 2008, everyone has been on bubble watch. The price of anything goes up, for any sort of reason, and it’s deemed a bubble, soon to be popped. The large number of searches implies those shopping for a new home are wondering if they are walking into a trap. Home prices have soared and no one wants to buy at the top. ... The concerns about a bubble implies those shopping for a new home are wondering if they are walking into a trap. Home prices have soared and no one wants to buy at the top.

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from The Spokesman-Review
Newspaper in Spokane, Washington

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Friday, July 9, 2021

In the news, Friday, July 2, 2021


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JUL 01      INDEX      JUL 03
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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization

As the government steadily assumes responsibility for services previously provided by the private sector, small businesses shutter. It is hard for enterprising individuals to compete with widespread, “free” (i.e., taxpayer-funded) government offerings. The latest example of this is in Chicago, where the city’s universal public pre-K program is destroying private child care businesses–many of which are owned by women and people of color. An in-depth Chicago Tribune article this week, details the struggle that many small daycares are confronting as the city’s government preschool program expands. “Private child care owners say universal pre-K leaves many families with little choice where to send their children to preschool because cost becomes the determining factor of choosing CPS instead of private preschool, even if the private program better fits a family’s needs,” the Tribune reports.

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from Mises Institute
RIGHT-CENTER BIAS, MIXED


Young Americans Resist Biden’s Covid Vaccination Campaign
President Joe Biden has failed his vaccination goal. According to the White House, it is unlikely that at least 70 percent of Americans will receive a first dose of the coronavirus vaccine by July 4. Despite this, officials say that Americans will still be protected enough to celebrate Independence Day with family and friends. You heard that right. No ludicrous lockdowns or threat of lockdowns loom in the horizon. This should once and for all confirm that the pandemic never warranted any of the draconian responses that ruined 2020 for most of us. Even media outlets that have long played down lockdown skepticism such as Axios are pointing out that the latest White House message is “vastly different” than this time last year, “when public health officials and some governors were limiting large gatherings and pleading with the public to only host small, outdoor events for the holiday.”

The complete lack of any correlation between economic success and covid lockdowns illustrates yet again that the confident predictions of the experts—who insisted that states without long lockdowns would endure bloodbaths and economic destruction—were very wrong.

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from The Spokesman-Review
Newspaper in Spokane, Washington

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from Technocracy News

Technocracy Rising: World Economic Forum Announces ‘Global Coalition For Digital Safety’
The World Economic Forum announced June 29 it will initiate a new “public-private partnership” with Big Tech and governments around the world to identify and uproot all opinions from the Internet that it considers “harmful.” The WEF is one of those elitist organizations that wields enormous influence over the elected leaders of Western nations but which almost nobody in the general population has heard of. Its members are internationalist corporate honchos and technocrats who meet once a year in Davos with the stated goal of working to “shape global, regional and industry agendas.”

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In the news, Thursday, July 1, 2021


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JUN 30      INDEX      JUL 02
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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization

Millions of Americans have bought into forms of digital, decentralized money known as cryptocurrency, valuing its privacy and independence from government meddling. Naturally, politicians in Washington want to rain on the parade and shut down the newfangled currencies— like Bitcoin and Ethereum—that are beyond their control. One of the biggest opponents of cryptocurrency in Washington is Congressman Brad Sherman, a California Democrat who has in the past called for cryptos to be banned. At a Wednesday hearing for the House Committee on Financial Services, Sherman harshly criticized cryptocurrency and renewed his calls for its prohibition. ...Some of Congressman Sherman’s biggest donors are big banks and mainstream financial institutions, the same interests threatened by the rise of cryptocurrency.

Data from the CDC show a sharp increase in the number of Americans experiencing symptoms of anxiety and depression. The worst part of COVID may be behind us, but that doesn’t mean we’re driving off into the sunset—at least not without a lot of baggage. Psychologists are reportedly paying close attention to the impact the pandemic made on the country’s mental health, and they’re noticing that many individuals are showing signs of chronic stress.

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from HumanProgress.org
Education Website

Innovism, a term that the U.S. economic historian Deirdre McCloskey prefers to the somewhat misleading and pejorative “capitalism,” denotes a process of material enrichment based on innovation and trade or “trade-tested betterment” (another term she coined). Trade benefits humanity in a myriad of ways. It allows us to discover the true value of goods and services. It promotes cooperation by building trust between contracting parties. And, most obviously, it enables us to buy goods and services that we would not be able to produce ourselves.

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from INFOTEL.CA

Lytton First Nation’s acting chief is taking aim at CN Rail for its lack of communication after a fire devastated the community this week. The Village of Lytton was almost completely destroyed by fire June 30 and B.C. Wildfire Service says the blaze has grown since Friday night to 83 square kilometres in size. New mapping highlighted the spread of the fire. “What really concerns me right now is different organizations, like CN, is right next to my community and in IR 24, we still have a standing gas station on that reserve and there was a huge structure fire to that bridge that crosses the Thompson River. I actually am hoping CN will stay out of there and not try to repair their bridge until this fire is completely out. We want them to be off-site as well and we want communication with them," said acting chief John Haugen, with the Lytton First Nation during a public meeting with the Thompson Nicola Regional District, the B.C. Wildfire Service and area politicians. "The destruction that we have to live with is not insurmountable that we want to be involved in how we return to living in our community and CN is someone that has to be accountable to what’s going forward with any work they do to remediate that bridge and we want to be involved."

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from Mises Institute
RIGHT-CENTER BIAS, MIXED


Inflation Is a Form of Embezzlement
Once money enters a particular market,  more money is paid for a product in that market. Alternatively, we can say that the price of a good in this market has gone up. (Note, again, that a price is the number of dollars per unit of something.)  Observe that when money is injected it enters a particular market. Once the price of a good has risen to the level where it is perceived as fully valued, the money goes to another market which is considered undervalued. The shift of money from one market to another market is not instantaneous; there is a time lag from increases in money and its effect on the average price increases.

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from The Spokesman-Review
Newspaper in Spokane, Washington

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In the news, Wednesday, June 30, 2021


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JUN 29      INDEX      JUL 01
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from Conciliar Post

“If it breaks, buy a new one. If it’s old, throw it away. The jump from stuff to humans isn’t far when one bases human value on what one does, rather than upon who one is.”

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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization

Most Americans pay close attention to how much of their money is taken in taxes each year. But there’s another, less obvious way the federal government imposes financial costs on citizens—and according to a new report, it amounts to trillions annually. The fiscally-conservative Competitive Enterprise Institute (CEI) just released its annual “Ten Thousand Commandments” report, which documents the “size, scope, and cost of federal regulations, and how they affect American consumers, businesses, and the U.S. economy at large.” Report author Clyde Wayne Crews explains how we face a “hidden tax” from the economic burden of our massive regulatory state. After all, tens of thousands of new regulations are imposed every year. The report estimates the economic costs of federal regulation at an astounding $1.9 trillion annually. The CEI report explains that if we assume the costs all ultimately fall on consumers, then it equates to up to $14,368 in annual costs per US household.

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from The Spokesman-Review
Newspaper in Spokane, Washington

It’s too darn hot and dry for fireworks this summer. Firewise your property. And don’t be an idiot. That’s not exactly what Public Lands Commissioner Hilary Franz has been saying in public briefings heading into the Independence Day holiday weekend, but let’s not waste time beating around a dry bush. Nearly 90% of wildfires this year have been human-caused, and we’re starting them at a rate well outpacing previous years. This is not a record we want to break.

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from Zero Hedge
EXTREME RIGHT BIAS, CONSPIRACY-PSEUDOSCIENCE, MIXED, website registered in Bulgaria

The World Economic Forum's (WEF) The Great Reset plan includes a complete transformation of the global food and agricultural industries and the dieting of humans. The architects behind this plan are preparing for a meatless society with the introduction of cell-based, slaughter-free meat,

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In the news, Tuesday, June 29, 2021


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JUN 28      INDEX      JUN 30
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from Breitbart
Western loggers, mill workers, and small communities were shocked when President Biden nominated Tracy Stone-Manning as the Director of the Bureau of Land Management (BLM). Stone-Manning was part of the notorious domestic eco-terrorist group Earth First! when she was a 23-year-old graduate student at the University of Montana. As an editor of one of the group’s publications, she provided fodder to the faithful who opposed congressionally mandated logging on federal lands. On one occasion, however, she went beyond advocacy. In 1989, she was an accessory to an act of eco-terrorism called tree spiking in an effort to stop the sale of Idaho national forest timber.

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from Competitive Enterprise Institute

The Council of the District of Columbia today voted to ban the sale of flavored tobacco, including menthol, a policy opposed by CEI and coalition groups. CEI Senior Fellow Michelle Minton warned that such a ban would not improve health outcomes but would put communities of color more at-risk. Bloomberg-funded groups applaud the District’s prohibition of flavored tobacco as an ‘historic’ move to protect youth from nicotine. In reality, it is history repeating itself. Like every other prohibition before it, banning menthol cigarettes and flavored e-cigarettes will not convince anyone to stop smoking but will very likely increase smoking, as San Francisco recently learned. People of color and marginalized groups are harmed most by policies that employ punitive measures over harm reduction. Also, the prohibition will spur a massive illicit market for menthol cigarettes and flavored vapes, which, since street dealers rarely check ID, will make it easier for youth to get their hands on these products.   

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from Daily Wire
RIGHT BIAS, MIXED, American news and opinion website

President Joe Biden (D) and his administration faced intense backlash on Monday night after Fox News host Tucker Carlson accused the administration of spying on him. “Yesterday we heard from a whistleblower within the U.S. government who reached out to warn us that the NSA, the National Security Agency, is monitoring our electronic communications and is planning to leak them in an attempt to take this show off the air,” Carlson said during his show. “The whistleblower, who is in a position to know, repeated back to us information about a story that we are working on that could have only come directly from my texts and emails. There’s no other possible source for that information, period.”

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from Gizmodo

Air temperatures during record-setting heat wave in the Pacific Northwest were bad enough. But the ground was on a whole other level. Stunning new satellite imagery from the European Space Agency’s Sentinel-3 satellite shows ground temperatures reached as high as 145 degrees Fahrenheit (63 degrees Celsius) in Wenatchee, Washington.

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from Mises Institute
RIGHT-CENTER BIAS, MIXED


Böhm-Bawerk: Austrian Economist Who Said No to Big Government
We live at a time when politicians and bureaucrats only know one public policy: more and bigger government. Yet, there was a time when even those who served in government defended limited and smaller government. One of the greatest of these died one hundred years ago on August 27, 1914, the Austrian economist Eugen von Böhm-Bawerk. Böhm-Bawerk is most famous as one of the leading critics of Marxism and socialism in the years before the First World War. He is equally famous as one of the developers of “marginal utility” theory as the basis of showing the logic and workings of the competitive market price system. But he also served three times as the finance minister of the old Austro-Hungarian Empire, during which he staunchly fought for lower government spending and taxing, balanced budgets, and a sound monetary system based on the gold standard.

Because of past easy-money binges, the pool of wealth may be declining just as prices are increasing. And we're likely to see upward pressure on interest rates. This is bad news, and shows the limits of the Fed's power.

In On Liberty, John Stuart Mill advocated for minority opinion to be specially “encouraged and countenanced,”1 and thus that Mill was not an absolute free market thinker where opinion is concerned. Mill suggested that minority opinion should not only be tolerated but requires special encouragement in order to gain a fair hearing. Such special encouragement would amount to the subsidization of opinion, most likely by the state. Thus, Mill did not argue for a free and fair “marketplace of ideas.” ,,, We should be quite skeptical when states impose the opinion of minority groups on the majority through special programs in schools and elsewhere. Such programs likely involve “positive discrimination” against particular groups, consistent with state objectives.

HMS DEFENDER VERSUS THE RUSSIAN MILITARY: THE DANGER OF BELIEVING YOUR OWN PROPAGANDA
Less than two weeks after NATO members reaffirmed allegiance to Article 5 – that an attack on one member was an attack on all members – the UK nearly put that pledge to the test. In a shockingly provocative move, the UK’s HMS Defender purposely sailed into Crimean territorial waters on its way to Georgia. Press reports suggest that there was a dispute between the UK defense and foreign ministries over whether to violate Russia’s claimed territorial waters with a heavily armed warship. According to reports, Prime Minister Boris Johnson himself jumped in to over-rule the more cautious Foreign Office in favor of confrontation. As Johnson later claimed, because the UK (and the US) does not recognize Russian sovereignty over Crimea, the UK was actually sailing through Ukrainian waters. It was an in-your-face move toward Russia just weeks after the US and NATO were forced to back down from a major clash with Russia in eastern Ukraine

WITH INFLATION RISING, CAN THE AMERICAN RIGHT LEARN FROM EL SALVADOR?
El Salvador became the center of the bitcoin world recently with the announcement from President Nayib Bukele that the country will embrace a bitcoin standard. While criticisms may exist about details of this specific proposal, a state actor effectively challenging the dollar-based global monetary regime is a cause for celebration. While it remains to be seen if other countries will attempt to replicate Bukele’s handout to the bitcoin community, there are important lessons here for other political leaders trying to respond to the global uncertainty that has resulted from the Federal Reserve’s reckless abuse of the global reserve currency. Among those who would benefit from seriously engaging with the question “What has government done to our money?” is the American right. While the reckless fiscal and monetary policy that has eroded the security of the American dollar is unquestionably bipartisan in nature, the Biden administration may end up being the unfortunate winner of inflationary hot potato. With annual inflation reaching 5 percent, the Federal Reserve will face a level of scrutiny it has not faced in a decade—and inflation is a particularly problematic political hurdle given the daily toll it takes on average consumers. The corporate press will do everything it can to try to gaslight the American public about the costs of inflation, but not even the Communist Party of China has the power to prevent average consumers from feeling the pain of rising consumer prices.

The Fed announced the reportedly hawkish news that the central bank may raise rates, not this year, not next year, but by fifty basis points sometime in 2023. This tapering would slow the Fed’s buying of $120 billion of debt securities a month with money created from the ether to some lesser amount. People forget the central bank “kept its benchmark rate on hold for a 10th straight meeting after sweeping into emergency action amid the coronavirus pandemic in March of last year with a full percentage-point cut.” Yet again emergency government action has become permanent. This news sent the dollar screaming upward, with the DXY jumping from 90.54 to 92.32 at week’s end. The price of gold was, of course, bludgeoned. The yellow metal dropped 6.5 percent over the next five days. The ten-year Treasury bond finished the week at a paltry 1.44 percent. Meanwhile, financial basket case Greece saw its ten-year rate finish at seventy-nine basis points. Making no news was Lyn Alden’s tweet that the Federal Reserve’s balance sheet crossed $8 trillion in assets. Fed watcher Alden followed this with the news, “Reverse repos jumped $235 billion today to $755 billion.” 

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from MyNorthwest
Media/News Company in Seattle

The State Superintendent of Public Instruction, Chris Reykdal, says critical race theory isn’t being taught in Washington schools. This is a lie. Reykdal didn’t make an error; it’s trickery. He’s playing a dishonest semantics game he thinks he can win. Thankfully, we have plenty of documentation proving critical race theory is taught in Washington schools. It’s even being forced on staff during training. Just not in the way Reykdal aims to redefine the debate.

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from Orthodox Christianity – orthochristian.com
Religious Organization in Moscow, Russia

In a recent interview, the speaker for the schismatic Ukrainian organization openly acknowledged something that the canonical Ukrainian Church and representatives of other Local Churches have known all along: that other Local Churches would never recognize their group if not for the influence of Constantinople. Speaking with the DetectorUA Youtube channel, “Archbishop” Evstraty Zorya, the lead propagandist for Constantinople’s “Orthodox Church of Ukraine,” plainly admits that the Churches of Greece, Alexandria, and Cyprus were not inclined to recognize the OCU, but were worked on by the Patriarchate of Constantinople.

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from The Spokesman-Review
Newspaper in Spokane, Washington

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