Monday, March 20, 2023
Dems call for more "oversight". No penalty for current, clearly complicit "regulators".-----Clarice Feldman - You Can Bank on it: A Cheat Sheet on the SVB Collapse - American Thinker
You Can Bank on it: A Cheat Sheet on the SVB Collapse - American Thinker - By Clarice Feldman"...Over at the Wall Street Journal, William L. Silber explains this better than anyone, and in terms anyone who ever purchased a government bond can understand. They are safe. The problem is liquidity:
The bank officers know, or certainly should know that is the case...SVB held tens of billions of dollars in long-term government bonds. On its face, this may seem like a prudent investment for a bank, but Treasury securities are riskless only when held to maturity. If you have to sell before then, you can easily lose money if market rates have risen since you first purchased the bond. For example, buying a 10-year U.S. Treasury bond with a 2% coupon at par and holding it for 10 years earns you 2% per annum. But if you sell early and rates have jumped -- say, 4% since you bought the bond -- then the price will have declined to about $838 per $1,000 face value, meaning you incur a loss of $162 per $1,000 bond.
But even so the income from the bond is listed as income, allowing the bank officers and managers to reward themselves handsomely for the “profits” on investment.
Now you’d think federal regulators would know this, and they probably did, but looked the other way, for which they seem not to be held accountable.
...But that’s not all there is to the story.
...But that’s not all there is to the story.
- Woke Lending and the Biden Role in It...
Navy secretary cited climate change as top priority as Biden proposes shrinking the fleet | Fox News
Navy secretary cited climate change as top priority as Biden proposes shrinking the fleet | Fox News:
Secretary of the Navy Carlos Del Toro said he sees fighting climate change as a top priority for the Navy as the Biden administration proposes shrinking the fleet by two ships and worries grow about how the U.S. Navy stacks up to China’s.
"As the Secretary of the Navy, I can tell you that I have made climate one of my top priorities since the first day I came into office," Del Toro said March 1 in remarks at the University of the Bahamas.
Del Toro said he met with Bahamas Prime Minister Philip Davis during his visit and spoke "at length" with him about the climate crisis and focused the bulk of his remarks on climate.
Elementary teacher celebrates confusing children who can't tell her gender: 'That's the goal' - American Wire News
Elementary teacher celebrates confusing children who can't tell her gender: 'That's the goal' - American Wire News"Valentine Hills Elementary is a Minnesota school...It is there that Kourtney Ryan, presumably a woman, was said to work as a music teacher actively aiming to confuse students about her gender.
After posting a video of herself online, the watchdog group Inside The Classroom helped promote the short clip they had first shared in January by pointing out that the elementary school had ceased to monitor its Twitter account in December.
During the roughly 30-second post, Ryan recounts a conversation between a student and a fellow faculty member.
“The students asked the other teacher if I’m a boy or a girl, and the teacher was like, ‘Does it matter?'”
Assenting to the teacher’s logic, the child was said to go on, “No, I just, I just can’t figure it out. It’s just so hard. I can’t figure it out.”
Having gleefully reenacted the struggle of the unidentified child, Ryan then displayed her own satisfaction with a victorious fist pump as she said, “And I was just like, yes, that’s the goal. That’s the goal.”...
Democrat gonna steal your vote...AGAIN!-----‘National Popular Vote’ scheme would let California choose Michigan’s president
‘National Popular Vote’ scheme would let California choose Michigan’s president
- House Bill 4156 would disenfranchise Michigan voters in presidential elections
"...As the law stands now in Michigan, whoever gets the most votes wins the election — and in a presidential election, Michigan’s electoral votes. As it should be.
But a bill submitted in the Michigan House would change all that.
But a bill submitted in the Michigan House would change all that.
- No longer would Michigan award its electoral votes to the candidate most Michiganders vote for. Michigan’s electoral votes would be given to whichever candidate receives the most votes in what activists call “the national popular vote.”
Owners of seafood restaurant hit back at PETA over Lent-themed billboard: Going after religion a 'low blow' | Fox News
Owners of seafood restaurant hit back at PETA over Lent-themed billboard: Going after religion a 'low blow' | Fox News:
Owners John and Tony Minadakis told host Steve Doocy that PETA’s "unlimited pockets" made it "personal with a small family-owned business." Tony said this is the second time PETA has targeted their business.
"While the billboards at times can be tongue in cheek," says John Minadakis, "it’s not a laughing matter to come after somebody’s livelihoods."
John Minadakis said, "these crabs are how we feed our families."
Every chain/mass transit/government building will be doing this. EVERY ONE!-----Lawsuit: Amazon Go stores didn’t properly alert customers of biometric tracking
Lawsuit: Amazon Go stores didn’t properly alert customers of biometric tracking"Amazon is facing a lawsuit alleging that the company did not properly notify customers entering its Amazon Go stores in New York City that it was tracking and collecting their biometric information.
The lawsuit claims that the e-commerce giant violated a New York City law passed in early 2021 which requires businesses that are collecting, storing or sharing “biometric identifier information” to post signage near their entrances alerting customers that they are doing so...
The lawsuit claims that the e-commerce giant violated a New York City law passed in early 2021 which requires businesses that are collecting, storing or sharing “biometric identifier information” to post signage near their entrances alerting customers that they are doing so...
History for March 20
History for March 20 - On-This-Day.com
Dame Vera Lynn 1917
- 1792 - In Paris, the Legislative Assembly approved the use of the guillotine.
- 1852 - Harriet Beecher Stowe’s book "Uncle Tom’s Cabin," subtitled "Life Among the Lowly," was first published.
- 1854 - The Republican Party was organized in Ripon, WI. About 50 slavery opponents began the new political group.
- 1886 - The first AC power plant in the U.S. began commercial operation.
- 1897 - The first intercollegiate basketball game that used five players per team was held. The contest was Yale versus Pennsylvania. Yale won by a score of 32-10.
- 1899 - At Sing Sing prison, Martha M. Place became the first woman to be executed in the electric chair. She was put to death for the murder of her stepdaughter.
- 1933 - The first German concentration camp was completed at Dachau.
- 1991 - The U.S. forgave $2 billion in loans to Poland.
Sunday, March 19, 2023
Soros-Backed Group Helped Elect D.A. Allegedly Planning Trump Arrest
Soros-Backed Group Helped Elect D.A. Allegedly Planning Trump Arrest:
A George Soros-funded group helped elect Manhattan District Attorney Alvin Bragg, who former President Donald Trump says plans to arrest him.
“Bragg was elected in November 2021 with indirect backing from left-wing billionaire George Soros, who gave $1 million to the Color of Change PAC, which spent to elect Bragg,” Breitbart News noted last year.
Arkansas book event interrupted by drag queens in 'disturbing' outfits as Kirk Cameron and guests speak | Fox News
Arkansas book event interrupted by drag queens in 'disturbing' outfits as Kirk Cameron and guests speak | Fox News:
A group of drag queens and activists dressed in black and white showed up on Friday at the Fayetteville Public Library in Fayetteville, Arkansas, to protest actor-writer Kirk Cameron's story time event for families and children, according to book publisher Brave Books, whose staff were present at the reading.
The drag queens blocked the views of some families and children and distracted others from the book reading and remarks from the stage, said Brave Books.
Nike's Plan to Beef Up Security at MLK Store Squashed by Portland Mayor!
"Portland Mayor Ted Wheeler has asked Nike to reopen its shuttered community store in Northeast Portland “on a limited basis,” even though he says the city can’t meet the company’s request to detail off-duty police officers to provide security
QUESTIONS I NEVER THOUGHT I’D BE ASKING:
Instapundit--QUESTIONS I NEVER THOUGHT I’D BE ASKING:
"Why is an NHL team’s Twitter account lecturing fans about gender theory?
TikTok under federal investigation following allegations employees spied on US journalists - TheBlaze
TikTok under federal investigation following allegations employees spied on US journalists - TheBlaze:
The Federal Bureau of Investigation and the Department of Justice launched an investigation into TikTok parent company ByteDance late last year over claims that its employees spied on and surveilled American journalists and other associates, Forbes reported Friday.
In December, Beijing-based ByteDance admitted that its employees had collected data on American TikTok users, including Emily Baker-White, a technology reporter with Forbes.
It's the STORAGE stupid!-----A Simple Reason Why Net Zero Is Impossible | Watts Up With That?
A Simple Reason Why Net Zero Is Impossible | Watts Up With That? - From CFACT - By David 
"I have a new study out, titled “Constraining Renewables is a National Need”, that provides a simple reason why net zero is impossible.
- It is simply impossible to provide enough energy storage to make renewables reliable.
...The likely cost would be many times GDP.
Clearly this is economically impossible.
Despite this impossibility, present government policies and utility practices are driving toward massive grid penetration by renewables.
This reckless drive must be properly constrained and managed, in order to protect reliability.
- American grid reliability must be maintained.
- ..our working estimate of the required storage is an amazing 250 million MWh.
- America today has less than 20 thousand MWh of grid scale battery storage, which is next to nothing.
Grid scale batteries today cost around $700,000 a MWh.
For 250 million MWh we get an astronomical total cost of $175 trillion dollars just to replace today’s fossil fuel generated electricity needs with wind and solar...
- None of this impossibility is being considered in today’s reliability assessments.
Not by the States, the utilities, NERC or FERC...
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