China And Brazil Strike Deal To Ditch The US Dollar

China And Brazil Strike Deal To Ditch The US Dollar

In a time when de-dollarization news are dropping fast and furious and even Elon Musk is now jumping on a bandwagon…

… which we first defined a decade ago, not a day goes by without some modest or not so modest shift toward a world in which the US currency – fully weaponized after February 2022 for the entire world to see and fear – is no longer the world’s reserve. And today was no exception.

According to the Brazilian government, China and Brazil have reached a deal to trade in their own currencies, ditching the United States dollar as an intermediary entirely, AFP reported.

The deal, Beijing’s latest salvo against the almighty greenback, will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade which amounts to $150 billion per year, and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the US dollar. In doing so China extends its bilateral, USD-exempting currency arrangements beyond countries such as Russia, Pakistan and Saudi Arabia to now include the Latin American exporting powerhouse.

“The expectation is that this will reduce costs… promote even greater bilateral trade and facilitate investment,” the Brazilian Trade and Investment Promotion Agency (ApexBrasil) said in a statement.

China is Brazil’s biggest trading partner, with a record US$150.5 billion (S$200 billion) in bilateral trade last year.

The deal, which follows a preliminary agreement in January, was announced after a high-level China-Brazil business forum in Beijing.

Brazilian President Luiz Inacio Lula da Silva was originally scheduled to attend the forum as part of a high-profile China visit, but had to postpone his trip indefinitely on Sunday after he came down with pneumonia.

The Industrial and Commercial Bank of China and Bank of Communications BBM will execute the transactions, officials said.

To be sure, we are still a long away away from the yuan replacing the USD as global reserve currency, or maybe not so far if one reads the recent reports from Zoltan Pozsar. And yet, even such foaming Bretton Woods III skeptics as Rabobank’s Michael Every is starting to realize that he may have been wrong. From his morning note today:

We showed in ‘Why Bretton Woods 3 Won’t Work’ (2022) that an anti-US BW3 bloc does not balance its trade internally by value or structure: BW3 can sell commodities to China; but unless they absorb the exports China now sends to the West, or China runs trade deficits like the US, then it can’t happen. Instead, we all just return to global mercantilism – which is happening, is inflationary, and ultimately suits the US – just not Wall Street (either in terms of mercantilism or monetary policy). When BW3 players no longer hold their official and unofficial savings in USD assets (if not Treasuries, then agencies or stocks, or property), and want to stash cash in Moscow and retire in China, then things are changing

Alas, at the rate the current US ruling regime is destroying the world’s faith and confidence not only in the dollar but in what was once truly a superpower and is increasingly a third world banana republic – the latest news of Trump’s indictment for political reasons being the third world cherry on top – we won’t have very long to wait.

Tyler Durden
Thu, 03/30/2023 – 22:00

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Freeport LNG Returns To Full Power

Freeport LNG Returns To Full Power

By Tsvetana Paraskova of OilPrice.com,

The Freeport LNG export facility in Texas is receiving natural gas from pipelines at full capacity, suggesting that the liquefaction operations are back to full power, Reuters reported on Thursday, citing data from data provider Refinitiv.   

The Freeport LNG export facility in Texas was shut down in June last year when a fire broke out and damaged the plant.

Two of the three trains at Freeport LNG have resumed full commercial operations in recent weeks after receiving regulatory approval in February.  

The third and final train at the Freeport LNG facility received regulatory approvals from the Federal Energy Regulatory Commission (FERC) and the Pipeline and Hazardous Materials Safety Administration (PHMSA) in early March.

By then, the other two trains had returned to full commercial operation, reaching production levels in excess of 1.5 billion cubic feet per day (Bcf/d), Freeport LNG, the company operating the export facility, said early this month.

At the end of this month, data on natural gas flows suggest that Freeport LNG is back to full operations.

According to Refinitiv data, quoted by Reuters, natural gas flows from pipelines to Freeport LNG were on track to rise to 2.1 Bcf/d on Thursday, up from 1.8 Bcf/d on Wednesday. That’s as much natural gas as all three trains at Freeport can process into LNG.

Pipeline gas deliveries to US liquefied natural gas export plants hit an all-time high this week, after the Freeport facility ramped-up service.

Until it was forced to shut down due to the fire in June, Freeport, responsible for some 20% of total LNG exports from the United States and generating $35 billion in revenue during the first nine months of 2022, served Europe well as the continent looked to squelch a growing energy crisis this winter.

The return of Freeport LNG is set to further ease concerns about LNG supply in Europe, which has managed its gas supply and demand well this winter, mostly due to long periods of mild weather and lower consumption because of demand destruction in the industry and energy savings from households.  

Tyler Durden
Thu, 03/30/2023 – 21:40

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Finland Clears Last Hurdle, Will Become The 31st Member Of NATO

Finland Clears Last Hurdle, Will Become The 31st Member Of NATO

Late Thursday night (local time), Turkey’s parliament approved Finland’s NATO application, which puts the Nordic country on the verge of formal membership in the Western military alliance as the 31st nation. This comes after on Monday Hungarian parliament ratified Finland’s for NATO membership.

The unanimous Turkish vote was the last hurdle in the process, after for months both Ankara and Budapest stalled the application – but in the case of Sweden it will be left behind, this despite the Finland-Sweden bids being initially launched as a package deal. Turkey’s relations with Sweden continue to be at a low-point, suggesting its application will not move forward for a Turkish vote anytime soon.

Finnish President Sauli Niinisto hailed the news out of Turkey, saying his country is “now ready to join NATO.” He added: “All 30 NATO members have now ratified Finland’s membership. I want to thank every one of them for their trust and support. Finland will be a strong and capable ally, committed to the security of the Alliance.” NATO Secretary Jens Stoltenberg also issued a statement of congratulations on Twitter…

Earlier this month, the Kremlin weighed in on Finland being fast-tracked for entry, with spokesman Dmitry Peskov saying, “We have many times expressed regret over Finland and Sweden’s move toward membership and said many times that Russia does not pose a threat to these countries.”

“We do not have any dispute with these countries… They have never posed any threat to us and, logically, we did not threaten them,” Peskov added.

Finland meanwhile is building a 200km fence along its border with Russia to boost security, also after reporting that Russian men fled into Sweden by the droves in order to escape conscription. The fence will reportedly be 10 feet high and topped with barbed wire.

Sweden’s membership bid is expected to continue to stall, after deteriorating relations with Turkey in the wake of the Quran-burning incident by a far-right activist. Turkey has also demanded Swedish authorities crackdown on Kurdish political groups and operatives while alleging that Stockholm has hosted “terrorists” on its soil. But no matter what limited steps Sweden has taken thus far, none of its has satisfied Turkish leadership. 

Hungary too is expected to continue also blocking Sweden’s application for the time being. “Hungary is holding up Sweden’s admission to NATO because of grievances over criticism by Stockholm of Prime Minister Viktor Orban’s policies, the Hungarian government spokesman said on Wednesday,” according to Reuters.

Tyler Durden
Thu, 03/30/2023 – 21:20

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Tablet’s Grand Opus On The Anti-Disinformation Complex

Tablet’s Grand Opus On The Anti-Disinformation Complex

Authored by Matt Taibbi via Racket News,

Years ago, when I first began to have doubts about the Trump-Russia story, I struggled to come up with a word to articulate my suspicions.

If the story was wrong, and Trump wasn’t a Russian spy, there wasn’t a word for what was being perpetrated. This was a system-wide effort to re-frame reality itself, which was both too intellectually ambitious to fit in a word like “hoax,” but also probably not against any one law, either. New language would have to be invented just to define the wrongdoing, which not only meant whatever this was would likely go unpunished, but that it could be years before the public was ready to talk about it.

Around that same time, writer Jacob Siegel — a former army infantry and intelligence officer who edits Tablet’s afternoon digest, The Scroll — was beginning the job of putting key concepts on paper. As far back as 2019, he sketched out the core ideas for a sprawling, illuminating 13,000-word piece that just came out this week. Called “A Guide to Understanding the Hoax of the Century: Thirteen ways of looking at disinformation,” Siegel’s Tablet article is the enterprise effort at describing the whole anti-disinformation elephant I’ve been hoping for years someone in journalism would take on.

It will escape no one’s notice that Siegel’s lede recounts the Hamilton 68 story from the Twitter Files. Siegel says the internal dialogues of Twitter executives about the infamous Russia-tracking “dashboard” helped him frame the piece he’d been working on for so long. Which is great, I’m glad about that, but he goes far deeper into the topic than I have, and in a way that has a real chance to be accessible to all political audiences.

Siegel threads together all the disparate strands of a very complex story, in which the sheer quantity of themes is daunting: the roots in counter-terrorism strategy, Russiagate as a first great test case, the rise of a public-private “counter-disinformation complex” nurturing an “NGO Borg,” the importance of Trump and “domestic extremism” as organizing targets, the development of a new uniparty politics anointing itself “protector” of things like elections, amid many other things.

He concludes with an escalating string of anxiety-provoking propositions. One is that our first windows into this new censorship system, like Stanford’s Election Integrity Partnership, might also be our last, as AI and machine learning appear ready to step in to do the job at scale. The National Science Foundation just announced it was “building a set of use cases” to enable ChatGPT to “further automate” the propaganda mechanism, as Siegel puts it. The messy process people like me got to see, just barely, in the outlines of Twitter emails made public by a one-in-a-million lucky strike, may not appear in recorded human conversations going forward. “Future battles fought through AI technologies,” says Siegel, “will be harder to see.”

More unnerving is the portion near the end describing how seemingly smart people are fast constructing an ideology of mass surrender. Siegel recounts the horrible New York Times Magazine article (how did I forget it?) written by Yale law graduate Emily Bazelon just before the 2020 election, whose URL is titled “The Problem of Free Speech in an Age of Disinformation.” Shorter Bazelon could have been Fox Nazis Censorship Derp: the article the Times really ran was insanely long and ended with flourishes like, “It’s time to ask whether the American way of protecting free speech is actually keeping us free.”

Both the actors in the Twitter Files and the multitudinous papers produced by groups like the Aspen Institute and Harvard’s Shorenstein Center are perpetually concerned with re-thinking the “problem” of the First Amendment, which of course is not popularly thought of as a problem. It’s notable that the Anti-Disinformation machine, a clear sequel to the Military-Industrial Complex, doesn’t trumpet the virtues of the “free world” but rather the “rules-based international order,” within which (as Siegel points out) people like former Labor Secretary Robert Reich talk about digital deletion as “necessary to protect American democracy.” This idea of pruning fingers off democracy to save it is increasingly popular; we await the arrival of the Jerzy Kozinski character who’ll propound this political gardening metaphor to the smart set.

I asked Siegel a few questions about his mammoth publication, which happily he plans to expand to a book. The following is edited for length:

Matt Taibbi: How did you end up in Army intelligence?

Jacob Siegel: 9/11 is the short version of the story. I enlisted right after 9/11 and intelligence was probably a mistake (laughs). I ended up switching over into the infantry. So, I started in intelligence and then finished off in the infantry.

Matt Taibbi: Did you know anyone in intelligence who made the transition to anti-disinformation?

Jacob Siegel: Not in the intelligence world directly. But I was at the Daily Beast right when I got back from Afghanistan, and I quickly started covering digital culture, protest politics, weird internet ideology, and national security. I was writing about ISIS’s social media campaigns and talking to Clint Watts and talking to J.M. Berger, and taking what they were saying quite seriously at the time. I was watching that transition gradually into a rubric for understanding domestic politics in a way that – frankly – I wasn’t fully aware of what I was watching until probably a few years later. I would say I saw more of that counterterrorism-to-disinformation pipeline as a journalist than I did as an army officer.

Matt Taibbi: What gave you the idea to do this? It’s such a huge project.

Jacob Siegel: There are whole sections from this piece that come from a draft that I started working on in 2019. I think I submitted the first version of this in late 2020. So I’ve been working on this for a long time. I moved to Israel, my son was born, shit happens, you know… I just couldn’t quite bring it all together in the original version.

I wasn’t an immediate Russiagate skeptic. I didn’t see it and immediately think, “This is bullshit.” I saw it and thought to myself, “This is exaggerated… Adam Schiff is exaggerating, but he can’t be just lying like that (laughs) in public.” Really on a very fundamental level, in terms of my unquestioned premises, I was not capable of believing that an American national elected official could lie that brazenly, or that the intelligence agencies, which I knew to be corrupt and inefficient in a billion different ways, could be involved in a grand sort of conspiracy. It seemed too farfetched.

Adam Schiff is a weird guy to be responsible for lifting the veil, because he’s such a schmuck. But realizing that he just kept lying over and over, something clicked for me. Probably the next big turning point was the Russian bounty story. I wrote a piece on that for Tablet at the time, and there was no going back from that.

Matt Taibbi: What’s the reaction been to the new piece so far?

Jacob Siegel: I would say overall very positive, but also somewhat siloed. Broadly speaking, it’s gotten a great response, but it certainly hasn’t penetrated the liberal intelligentsia yet. It hasn’t penetrated the liberal mainstream at all. Maybe I have a somewhat blinkered view of that, but I had hoped that it would.

I don’t want to hang everything on the liberal gatekeepers, and politically, I’m not really clearly identified ideologically. I’m sometimes capable of slipping pieces through that get good receptions with various audiences over the years. And so I hope that would be the case here.

Subscribers to Racket News can read the rest here…

Tyler Durden
Thu, 03/30/2023 – 21:00

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Lockheed’s Bad Week Ends With F-35 Software Upgrade Delay, Termination Of Hypersonic Missile Program

Lockheed’s Bad Week Ends With F-35 Software Upgrade Delay, Termination Of Hypersonic Missile Program

Defense contractor Lockheed Martin Corp. has faced a challenging week. 

First, the US Air Force announced that the Lockheed Martin hypersonic weapons program would be terminated due to test failures. Now, the defense contractor faces significant software delays for its stealth fighter jets. Despite Washington elites showering the defense firm with significant amounts of taxpayer funds, its ability to develop and produce cutting-edge weaponry is encountering difficulties amid threats of global conflict

The latest news from Bloomberg highlights additional F-35 software delays by Lockheed for at least a year, making it 16 months behind schedule. The stealth fighter was set to receive a substantial technological upgrade, increasing processing power by 37 times and memory by 20 times, enabling it to carry more advanced weapons and enhance surveillance capabilities. 

Representative Rob Wittman, a Virginia Republican, first disclosed the delays could last until April 2024. He said Wednesday at a House hearing:

“We’re learned that the late delivery is now impacting existing fighter squadrons” awaiting the upgraded F-35s.

“To quote a senior Air Force official I’ve met with on the subject: ‘We’re paying for great capability but we currently only have good capability,'” Wittman continued. 

“The F-35 is essentially a flying computer, with more than 8 million lines of code. The delayed software upgrade is known as TR-3,” Bloomberg said. 

Air Force Lieutenant General Michael Schmidt, F-35 program manager, told a House Armed Services subcommittee headed by Wittman that the TR-3 delivery schedule “has been affected by delays associated with hardware and software development as well as testing of the Integrated Core Processor — the brains of TR-3.”

“The key risks ahead of us are centered around maturity and stability of the final integrated software, flight test execution with an aging fleet of test aircraft and infrastructure and delivery of TR-3 hardware to the production line,” Schmidt said. 

The first F-35 equipped with the new software upgrade took flight in January. Around that time, readers might remember, an F-35 crashed at the Naval Air Station Joint Reserve Base Fort Worth. It was suspected that the problem was related to the jet’s engine.

Besides the stealth fighter jet having hundreds of software and hardware flaws that could impact combat missions, Lockheed was busy this week with another significant issue: the UASF terminated its AGM-183A Air-launched Rapid Response Weapon hypersonic missile program after test failures. 

Investors could care less about the mounting issues Lockheed has come across with its stealth jets and hypersonic missile. 

While the US is at the forefront of developing and deploying stealth fighters and soon stealth bombers, the world’s largest military spender has yet to master hypersonic missile technology, a feat already achieved by Russia and China.

Tyler Durden
Thu, 03/30/2023 – 20:40

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BlackRock’s Larry Fink And The New Post-ESG Realism

BlackRock’s Larry Fink And The New Post-ESG Realism

Authored by Rupert Darwall via RealClear Wire,

As regular as the turn of the seasons, each January sees Larry Fink, founder and CEO of BlackRock, the world’s largest asset manager, publish a lengthy letter on the state of the world and its implications for finance and investors. This year, January turned to February, and still no letter. Instead, February saw Tim Buckley, CEO of Vanguard, global number-two asset manager, give a groundbreaking interview explaining Vanguard’s decision late last year to quit the Net Zero Asset Managers (NZAM) initiative, which had been formed ahead of the 2021 Glasgow climate conference to reallocate capital in line with net zero emissions targets.

“It would be hubris to presume that we know the right strategy for the thousands of companies that Vanguard invests in,” Buckley told the Financial Times, adding that Vanguard was “not in the game of politics.” He warned investors against expecting superior returns from environmental, social, and governance (ESG) investing. “Our research indicates that ESG investing does not have any advantage over broad-based investing.”

Writing five days later in the Wall Street Journal, Terrence Keely, former BlackRock executive and author of Sustainable, zeroed in on the conflict of interest highlighted by Vanguard’s departure from NZAM and NZAM’s net zero goal. Swept along by climate-change fervor, an investment manager “can’t make such commitments without reneging on its fiduciary duties,” Keeley argued. Membership of an alliance committed to achieving net zero demands clairvoyance that no investment manager can promise. “If Mr. Buckley is right, then hundreds of other financial institutions with trillions of assets under management are wrong”—Keeley’s unstated implication being that if Vanguard is right, BlackRock is also wrong.

When it came earlier this month, Fink’s 2023 letter colored in the new investment climate adumbrated by BlackRock’s chief competitor. Whereas Fink’s 2021 letter to CEOs mentioned net zero 22 times and his 2022 letter, nine times, net zero was referred to only once this year—and then, only in passing (“European governments are also developing incentives to support the transition to a net zero economy and drive growth.”) Similarly, mentions of ESG have fallen from ten in 2021, to one last year, to none this year. How times have changed.

Two years ago, BlackRock made a blunt demand of the companies that it invests in: “We are asking”—that’s an instruction; you can hardly say no to the world’s largest investor—“companies to disclose a plan for how their business model will be compatible with a net zero economy.” This hasn’t been entirely walked back. BlackRock, Fink says, has been vocal in the past about companies disclosing how they plan to navigate the energy transition, but the tone now is softer and less vocal. It is not the role of an asset manager like BlackRock to engineer a particular outcome in the economy, Fink writes, and it’s not its place to tell companies what to do. Forswearing the clairvoyance that Keeley criticizes, Fink says that BlackRock doesn’t “know the ultimate path and timing of the transition,” a position that is not as crystalline as Buckley’s but is hard to reconcile with BlackRock’s continued membership of NZAM. Had this been BlackRock’s position two years ago, it would have been noisily condemned by climate activists and BlackRock would have been accused of sabotaging the Glasgow climate conference. So far, there has scarcely been a murmur. The world is quietly moving on from net zero.

So have BlackRock’s priorities. Whereas climate rates five mentions this year, compared with 27 two years ago, there are 122 mentions of clients—over four times the number in the BlackRock Global Executive Committee’s “Dear Clients” letter two years ago. Even more revealing is the change in the number of mentions of trust and fiduciary. There are 21 mentions of trust this year and one in the 2021 letter. That letter, billed “Net zero: a fiduciary approach,” contained only one other mention of fiduciary, a lapse that bears out Keeley’s argument on the incompatibility of imposing climate targets on asset portfolios and investment managers discharging their fiduciary duties.

Fink’s emphasis has changed, too. Two years ago, Fink compared climate change with the Covid pandemic as an existential threat exposing the fragility of society. This year, Russia’s invasion of Ukraine and heightened geopolitical tensions bring national and economic security “front and center.” In the short term, making supply chains more resilient is highly inflationary, Fink writes, and it’s fair to say that Fink doesn’t believe that the Inflation Reduction Act will reduce inflation. “I believe inflation is more likely to stay closer to 3.5 percent or 4 percent in the next few years.”

The crisis that Fink highlights in this year’s letter is not a climate crisis, but a silent crisis of people not saving and investing sufficiently for their retirement. Results of an Edelman Trust Barometer survey asking whether people thought their families would be better off in five years were at an all-time low in 24 out of 28 countries. “When people are afraid, they may save, but they won’t invest,” Fink observes. “We need leaders today who will give people reasons to be hopeful, who can articulate a vision for a brighter future.” Amen to that. It’s high time to end talk about existential crises to be addressed with extraordinarily costly measures that make people poorer, weaken national and economic security and, instead, turn attention to tackling soluble problems with positive solutions.

Rupert Darwall is a senior fellow of the RealClear Foundation and author of  Climate-Risk Disclosure: A Flimsy Pretext for a Green Power Grab.

Tyler Durden
Thu, 03/30/2023 – 19:00

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Meghan Markle Wins Dismissal of Defamation Suit Brought by Half-Sister Samantha Markle

See today’s decision by Judge Charlene Edwards Honeywell (M.D. Fla.) in Markle v. Markle. There’s a lot going on there, but here is one excerpt. First, one defamatory passage from an Oprah Winfrey interview, with the allegedly defamatory material underlined:

Oprah Winfrey: And Samantha Markle, your half-sister on your father’s side, has written a, a supposedly tell all book about you. What is … your relationship with her?

Defendant: I think it would be very hard to tell all when you don’t know me. And … this is a very different situation than my dad, right? When you talk about betrayal, betrayal comes from someone that you have a relationship with. Right? I don’t feel comfortable talking about people that I really don’t know. But I grew up as an only child, which everyone who grew up around me knows, and I wished I had siblings. I would have loved to have had siblings ….

And here’s the court’s rejection of the claim that this is defamatory:

Here, a reasonable listener would not think that Defendant was suggesting that
she has no half-siblings, that Plaintiff does not actually exist, or that Plaintiff is not
related to her…. As a reasonable listener would understand it, Defendant merely expresses an opinion about her childhood and her relationship with her half-siblings. Thus, the Court finds that Defendant’s statement is not objectively verifiable or subject to empirical proof…. Because the statement is not “capable of being proved false, it is protected from a defamation action.”

Congratulations to Jonathan P. Steinsapir and Michael J. Kump (Kinsella Weitzman Iser Kump and Aldisert), Nicholas Soltman, and Ronnie J. Bitman (Bitman, O’Brien & Morat, PLLC), who represent defendant.

The post Meghan Markle Wins Dismissal of Defamation Suit Brought by Half-Sister Samantha Markle appeared first on Reason.com.

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Black Americans vs. Progressivism: Jason L. Riley Debates Nikhil Pal Singh at the Soho Forum


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On March 30, the Manhattan Institute’s Jason L. Riley and New York University (NYU) professor Nikhil Pal Singh will debate the resolution, “Upward mobility for black Americans lies in rejecting the policies of progressive government, while making the most of the opportunities offered by American society.” The debate will be held at New York City’s Sheen Center and hosted by The Soho Forum, which receives fiscal sponsorship from Reason Foundation, the nonprofit that publishes Reason.

Taking the affirmative is Riley, a senior fellow at the Manhattan Institute and a columnist for The Wall Street Journal, where he has written about politics, economics, education, immigration, and social inequality for more than 25 years. He’s also a frequent public speaker and provides commentary for television and radio news outlets. Riley is the author of five books, including Please Stop Helping Us: How Liberals Make It Harder for Blacks to Succeed, False Black Power?, Maverick: A Biography of Thomas Sowell, and The Black Boom.

Arguing for the negative is Singh, professor of social and cultural analysis and history at New York University (NYU), and founding faculty director of NYU’s Prison Education Program. He is author, most recently of Race and America’s Long War, and Reconstructing Democracy: Black Intellectuals in the American Century (forthcoming). His essays have appeared in The New Republic, The Nation, The New Statesman, n+1, and Boston Review. His November 2018 Soho Forum debate on “anti-racism,” opposite John McWhorter, has received more than a quarter-million YouTube views.

The post Black Americans vs. Progressivism: Jason L. Riley Debates Nikhil Pal Singh at the Soho Forum appeared first on Reason.com.

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Democrats Said No One Is Coming To Take Your Gas Appliances – They Lied

Democrats Said No One Is Coming To Take Your Gas Appliances – They Lied

In February of this year Democrats and climate activists seized on a study published by a group called Rocky Mountain Institute (RMI), and the conclusions of the paper sent alarmists into a frenzy – Claiming they had evidence that natural gas based appliances including gas stoves create emissions that are dangerous to human health, causing asthma and impairing cognitive development, specifically in children.  The Biden Administration’s Department of Energy reviewed the study and discussion mounted over the possibility of an incremental ban on various gas appliances, including up to 50% of gas stove models.      

The RMI study turned out to be yet another example of the political co-option of science as a weapon for the Net Zero agenda regularly touted by the United Nations, Democrats in the US and progressive politicians across Europe.

Almost immediately the findings of the study were debunked.  As the American Gas Association observed in a responding statement, the RMI testing did not include real life appliance usage, and:

“Ignored [previous] literature, including one study of data collected from more than 500,000 children in 47 countries that ‘detected no evidence’ of an association between the use of gas as a cooking fuel and either asthma symptoms or asthma diagnosis.”

Rather suspiciously, Biden’s Energy Secretary, Jennifer Granholm, met privately with the leader of the Rocky Mountain Institute, Jules Kortenhorst, in 2021.  Around a year later, the institute produced a study which defies all previous science on the health risks of natural gas appliances and which serves the interests of Biden’s climate change policies.  Granholm would later throw support behind the findings of the RMI study, stating that:  

“We can and must FIX this…Through [President Biden’s] Inflation Reduction Act, Americans will have greater access to Electric and Induction Cooktops: keeps pollution out of the home. Cooks food faster. Helps families save money.”

It should also be noted that RMI has been the recipient of millions of dollars of DOE funding in the past, including a $4.4 million grant in March 2022.

As the truth about the RMI findings was revealed and the data found inadequate, pressure mounted from various groups, including conservatives, for the White House to abandon plans to restrict gas appliances.  The White House seemingly relented.  Democrats screeched about the “paranoia” of conservatives, asserting that no one was coming to take people’s gas stoves.  Alexandria Ocasio-Cortez argued that:

“This is about a decision about what may be sold and regulations in the far future, OK? So everyone, just take the temperature down a little bit. No secret government agency is going to bust down your door and take your gas stove away…”

This kind of gaslighting (no pun intended) has become the standard response by Democrats when they are caught in a compromising position.  When a strategy falls apart, they assert that the attack never happened and it was all in our minds.  However, after the failure of Democrats to implement restrictions at the federal level, they have simply moved on to other avenues.  

The reality is that the RMI study was never about public health, it was only a means to frighten Americans into accepting climate change controls on petroleum and gas.  The plan is obvious – Start with something small, such as gas stoves or gas heat, and then use that as a springboard to eventually ban or tax all carbon based energy.

Multiple Democrat controlled cities and states are now instituting restrictions or timed bans on natural gas appliances, including San Francisco, LA, San Diego, Seattle and New York.  These cities are phasing out gas in new homes within the next 5 years.  California is planning to phase out gas appliances by 2030.  The state of New York under Kathy Hochul is nearing a deal to ban gas appliances in new homes by 2025.  As is often the case, progressive cities and states tend to act as test cases for future bans at the national level.

To get insight into what climate change authoritarians intend for the US in the future, one need only look at Europe and the UK.  In Britain, households are to be financially penalized if they do not switch away from gas under net zero policies to be unveiled soon.

The UK secretary of state for energy security and net zero, said:  “If we want people to switch to an electricity-based economy, it would be better if [levies] were shifted onto the gas side of things…It automatically makes the economics of an electric-driven economy better.”

In the US, over 38% of all households rely on natural gas for energy.  In states like California it is estimated that energy usage would have to plummet (along with living standards) if all homes used electricity only.  For global carbon standards to be met, climate scientists argue that population growth will have to stop, and over time human numbers would have to be systematically reduced through birth control methods.  

Setting aside the fact that climate science is itself rooted in numerous inaccuracies and fallacies, the logistics of shifting the population away from oil and gas energy are impossible without placing massive strain on existing electrical grids and destabilizing the economy.  This is perhaps why Democrats and climate alarmists often lie about their intentions and use subversion and incrementalism to enact policy – They don’t want to be forced to admit the true cost of their Net Zero world and risk a furious response from the public.  

Tyler Durden
Thu, 03/30/2023 – 18:40

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Twitter Restricts Conservative Accounts Over ‘Trans Day Of Vengeance’ Posts

Twitter Restricts Conservative Accounts Over ‘Trans Day Of Vengeance’ Posts

Authored by Katabella Roberts via The Epoch Times (emphasis ours),

Twitter has restricted multiple accounts belonging to prominent conservatives in recent days after they posted about  an upcoming rally called the “Trans Day of Vengeance.”

Twitter logo and Elon Musk silhouette in an illustration taken on Dec. 19, 2022. (Dado Ruvic/Illustration/Reuters)

On Tuesday, the Elon Musk-owned company restricted Rep. Marjorie Taylor Greene’s (R-Ga.) congressional account for seven days after she repeatedly posted an image of a poster about the rally. In the same post, Greene alleged that Antifa was organizing the event, which is being hosted by the Trans Radical Activist Network.

After her congressional account was restored by Twitter, Greene issued another post from the account that read, “My Congressional Twitter account was suspended today. @elonmusk, how is it ‘violent speech’ to expose the ‘Trans Day of Vengence’ [sic] a day after a mass murder committed by a transgender shooter? And to call on the DOJ to investigate it? I condemned the incitement to violence & demanded a federal law enforcement investigation in the Tweet.”

Her account was then promptly suspended for seven days.

“My Congressional account was suspended for 7 days for exposing Antifa, who are organizing a call for violence called ‘Trans Day of Vengeance,’” Greene said in a post on her personal Twitter account on Tuesday. “The day after the mass murder of children by a trans shooter.”

Following the ban, Ella Irwin, Twitter’s head of trust and safety, said on Twitter that the platform is removing images of the poster due to concerns that it could incite violence.

“We had to automatically sweep our platform and remove >5000 tweets /retweets of this [‘Trans Day of Vengeance’] poster,” Irwin wrote. “We do not support tweets that incite violence irrespective of who posts them. ‘Vengeance’ does not imply peaceful protest. Organizing or support for peaceful protests is ok.”

Officials have identified the suspect in Monday’s Nashville Christian school shooting incident as 28-year-old Audrey Hale as Nashville Police released surveillance footage, seen above, on March 28, 2023. (Nashville Police Department)

More Accounts Restricted

Elsewhere, The Federalist CEO and co-founder Sean Davis was reportedly locked out of his account for allegedly violating Twitter’s rules regarding “violent speech.”

Prior to the account block, Davis had posted: “The cold-blooded mass murder at a Christian school in Nashville by an apparent transgender person came just days before a planned ‘Trans Day of Vengeance’ organized by the Trans Radical Activist Network.”

According to the publication, Twitter has already taken down the tweet but informed Davis his account will remain locked until he manually deletes himself.

Davis reportedly filed an appeal with Twitter to reinstate his account but the platform rejected it, meaning he is permanently banned from accessing his account until he removes the tweet in question.

“This is deliberate censorship and gaslighting designed to memory-hole the FACT that the Nashville shooter targeted and murdered Christian children and teachers just days ahead of a scheduled ‘Trans Day of Vengeance,” Davis said in a statement. “Twitter is lying about the facts and defaming those of us who reported on them.”

Daily Wire journalist Luke Rosiak was also suspended from Twitter on Tuesday after he posted a link about the event, according to the publication.

Twitter removed a post from Rosiak linking to an article he wrote earlier this month about the activists organizing the event.

“The shooting of a Christian school by a transgender comes the same week that activists scheduled a ‘Trans Day of Vengeance,’ with the group also raising money for firearms training,” the post read.

Twitter told Rosiak that the post violated “rules against violent speech.”

People pay their respects at a makeshift memorial for victims at the Covenant School building at the Covenant Presbyterian Church following a shooting, in Nashville, Tenn., on March 28, 2023. (Brendan Smialowski/AFP via Getty Images)

Police Say Nashville Shooter Was Transgender

“He was told that he must delete the original post to regain access to his account; he appealed the decision, observing that he was not ‘advocating for violence’ but rather ‘stating a fact and noting disapprovingly’ that others had been calling for violence,” the Daily Wire reported.

Elsewhere, Journalist and author Andy Ngo was reportedly locked out of his Twitter account for reporting on the upcoming event.

Trans Radical Activist Network still retains its account on Twitter, although its tweets are protected, meaning only approved followers can see content posted on the account.

According to its official website, the Trans Radical Activist Network is a “nationwide network of activists and community organizers for transgender/non-binary rights.”

“The Trans/Non-Binary/Gender Non-Conforming/Intersex communities are facing astronomical amounts of hate from the world. At least a 100 Gender Affirming care ban bills have been proposed,” the website states. “So far in 2023, 12 lives have been lost, [sic] 2022 we lost over 60 people. Our community has a stigma attached and significantly impacts marginalized communities at a higher intensity. There are members of our own communities that have turned against the true meaning of Pride,” it adds.

The Trans Day of Vengeance is scheduled for April 1, according to the website, just days after 28-year-old Audrey Elizabeth Hale, who police say identified as transgender, opened fire at Covenant Christian Academy, shooting dead three children and three adults.

However, the organizers note that the protest is “about unity, not inciting violence” and adds that it does “not encourage violence and it is not welcome at this event.”

Trans activists have also noted that the “trans day of vengeance” is a meme that has been around in the trans community for years and is not a call to violence, The Associated Press reports.

Tyler Durden
Thu, 03/30/2023 – 18:20

via ZeroHedge News https://ift.tt/UYDWC0q Tyler Durden