Rental Cars Used By Biden’s Secret Service Agents In Nantucket Destroyed In Fire

Rental Cars Used By Biden’s Secret Service Agents In Nantucket Destroyed In Fire

Five vehicles rented by the Secret Service to protect President Biden and his family during a trip to Nantucket were destroyed in a mysterious fire on Monday morning. 

The Nantucket Current reported just after 0530 ET on Monday, and less than 24 hours after Secret Service agents dropped off the vehicles at Nantucket Memorial Airport, a fire erupted in at least one and spread to the other four. 

The vehicles were among numerous cars that had been rented by Hertz to the Secret Service during President Biden’s stay on the island for the Thanksgiving holiday, two sources told the Current. They had been returned to Hertz less than 24 hours before the fire broke out. — The Current. 

The vehicles — including a Chevy Suburban, a Ford Explorer, a Ford Expedition, a Jeep Gladiator, and an Infiniti QX80 — were all rented from Hertz. Agents used the vehicles for security purposes, and the president nor his family road in any of the SUVs, a Secret Service spokesman told Bussiness Insider

“We had no issues when we drove the vehicles and they were returned without incident.

 “We look forward to following up with local fire authorities on their review of the incident,” Anthony Guglielmi, a Secret Service spokesman, said

The Nantucket Current pointed out investigators have been “focused on a white Ford Expedition as the initial source of the fire.” They say the vehicle was under a safety recall by Ford due to faulty wiring that has caused fires elsewhere, noting the defective part had yet to be fixed. 

The local newspaper obtained footage of the blaze at the airport’s parking lot, just 40 feet from a jet fuel tank farm. 

Nantucket Memorial Airport’s Twitter account tweeted an image of the damage. 

An investigation has been launched into the incident. Nantucket Fire Chief Michael Cranson has already determined that the blaze was not suspicious. Still, it’s fueled a lot of conspiracy theories online. 

Tyler Durden
Wed, 11/30/2022 – 11:05

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Biden Admin Approves $1 Billion Arms Sale To Qatar During World Cup

Biden Admin Approves $1 Billion Arms Sale To Qatar During World Cup

Authored by Mimi Nguyen Ly via The Epoch Times,

The Biden administration approved a possible military sale to Qatar on Tuesday worth an estimated $1 billion.

The announcement of the approval by the State Department was posted during the World Cup 2022 match between the United States and Iran, held in Doha.

The notice of the potential sale is required by law. In it, the State Department said the government of Qatar requested to buy 10 anti-drone systems—referred to as “Fixed Site-Low, Slow, Small Unmanned Aircraft System Integrated Defeat System (FS-LIDS) System of Systems.”

The Qatari government also asked for 200 “Coyote Block 2 interceptors,” which are used to defeat drones, as well as a slew of related equipment and technical and logistics support services.

Qatar, along with other Gulf Arab states, faces threats from Iranian-backed proxies in the region.

“This proposed sale will support the foreign policy and national security objectives of the United States by helping to improve the security of a friendly country that continues to be an important force for political stability and economic progress in the Middle East,” said the State Department.

It added that the proposed sale will also “improve Qatar’s capability to meet current and future threats by providing electronic and kinetic defeat capabilities against Unmanned Aircraft Systems.”

“Qatar will have no difficulty absorbing these articles and/or services into its armed forces. The proposed sale of this equipment and support will not alter the basic military balance in the region.”

Five U.S. government and 15 U.S. contractor representatives will be sent to Qatar for five years “to support fielding, training, and sustainment activities,” the department stated.

The main contractors will be Raytheon, SRC, and Northrop Grumman.

The United States and Qatar in 2017 previously signed a $12 billion arms deal for Qatar to purchase up to 36 F-15 fighter jets and other U.S. weapons. At the time, the Defense Department said the sale “will give Qatar a state-of-the-art capability and increase security cooperation and interoperability between the United States and Qatar.”

Former President Barack Obama’s administration in November 2016 approved the potential sale, which was estimated at the time at $21 billion. Leading up to the $12 billion deal, then-President Donald Trump denounced Qatar as a “high-level” sponsor of terrorism and called on the country’s government to “take a hard line” on funding extremism.

While Qatar denies supporting extremism, its neighbors, including Saudi Arabia, have accused it of funding terrorist groups, including al-Qaida’s branch in Syria, and of supporting Islamist groups, including the Muslim Brotherhood in Egypt. Because of Qatar’s alleged support for terrorists, Saudi Arabia, Bahrain, the United Arab Emirates, and Egypt in 2017 had cut off diplomatic ties with the country.

President Joe Biden in March this year designated Qatar as a major non-NATO ally of the United States—a special status granted to close, non-NATO allies that have strategic working relationships with the U.S. military. It allows Qatar to be provided with certain defense and security benefits with the United States.

Qatar is home to the Al Udeid Air Base, one of the largest U.S. military bases in the Middle East that hosts the U.S. Central Command’s forward headquarters and the Pentagon’s air operations center for the region. The base is regarded as a key player in the fight against the terrorist ISIS group.

In August 2021, the air base played a major role and hosted thousands of refugees which aided U.S. efforts to evacuate people from Hamid Karzai International Airport in Kabul, Afghanistan, after U.S. troops withdrew from the country.

Tyler Durden
Wed, 11/30/2022 – 10:45

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From Kansas S. Ct. Justice, About Univ. of Kansas Law School’s Response to a Federalist Society Event

An interesting letter from Kansas Supreme Court Justice Caleb Stegall, sent on Friday to the Dean of the University of Kansas School of Law; for more on the underlying controversy, see the e-mail from the KU Law Faculty/Staff Diversity, Including & Belonging Committee:

Dear Dean Mazza:

… I write to let you know that … I will not be renewing my teaching relationship with KU Law next fall….

It has been a joy and privilege to teach some of the best students at KU Law over the past six years. During those years my students have arrived with a diversity of backgrounds, ethnicities, genders, sexual orientations, religious persuasions, and political persuasions. Yet this has never impeded us from taking up—together—the exciting task of becoming lawyers.

To that end, I have taught the craft, skills, and habits of effective advocacy—always grounded in the foundational principles of our profession….

So you will understand why I was disappointed to hear from KU Law students who recently came to me to express concern over administration actions surrounding a lunch-hour event sponsored by the student chapter of the Federalist Society. My understanding, from participants, is that after the KU Law student chapter of the Federalist Society announced that a lawyer from the Alliance Defending Freedom would speak in Green Hall, there was a significant uproar from members of the student body and faculty. Concerned about what might happen at the event, the Federalist Society student chapter President asked the administration to provide event security. In response, the administration asked to meet with the entire student board of the chapter.

At that meeting Associate Dean Leah Terranova and Professor Pam Keller pressured the students to cancel the event. The administration representatives warned the student leaders that they needed to consider and understand the impact the event could have on them. The administration mentioned that at least five law professors had written to object. The students were told that even though it was their right to host the speaker, they needed to be warned about the impact of their choices. The student leaders were told several times to consider what this would do to their reputation.

Now, knowing the people involved, I can well imagine that there was no intent to threaten or coerce the board members of the student chapter. I can even see that this effort was likely an ill-conceived attempt to protect those students. After all, it is true that in the current environment, being willing to swim upstream may in fact harm a person’s reputation and even standing in the legal community.

But isn’t that the problem? Rather than acquiescing to this, my hope and expectation is that leaders in the legal community would instead help protect the reputations of students willing to engage in difficult discussions—and guide them in that process. Without that support, it took great courage for the students to carry on with the event.

Following this meeting, but before the lunch event occurred, I and the entire KU Law community received an email from the Diversity, Equity, Inclusion and Belonging Committee. The email described the speaker—by his association with ADF—as a practitioner of “hate speech.” The email went on to acknowledge, grudgingly, that as a public university KU Law was bound by “the tenets of the First Amendment” and would permit the event to move forward.

The email, by implication, accused the student leaders of the KU Law Federalist Society of facilitating hate speech. Worse, the email made it very clear that the principles of free and open dialogue are only acquiesced to as a legal obligation at KU Law—they are not celebrated, cherished, or valued. Here, the Diversity, Equity, Inclusion and Belonging Committee cemented in fact what was predicted by the administration only a few hours earlier—the student members of the KU Law Federalist Society chapter were held up before the entire community as pariahs….

Of course, it shouldn’t have to be said—but I will say it—that my criticism and concern over the handling of this incident by KU Law has nothing to do with the particular speaker, his institutional affiliation, or ADF generally…. [E]ngaging in reasoned, constructive, open dialogue on an equal footing among people of diverse backgrounds representing different viewpoints is the strength and glory of liberal democracy—and is in a real sense what makes the rule of law possible….

Now, I am not insensitive to the real fact that the conflict underlying this controversy is deeply felt and reasonably may be understood by many participants on both sides as existential in nature…. And yes, there is the dangerous and sickening fact of incidents of ideologically motivated violence. Such acts of brutality, terror, and lawless criminality threaten the peace and stability that benefit us all. And each of us can probably think of figures who want nothing more than to see the liberal public square disposed of as a relic of history—clearing the way for more direct forms of conflict.

But lawyers of all people must resist the temptation to turn our backs on the liberal public square—even when it may feel justified by the perceived offense given by one’s political opponents. In fact, lawyers ought to form the last and best line of defense of the liberal public square and its pillars—a fair hearing for all voices, dispassionate and deliberate judgment, individual not group guilt, protection for dissent, and an ethos that, if not quite capable of walking a mile in another’s shoes, can at least tolerate a few minutes of quiet listening in another’s presence.

Consider that—as reported in the local paper—several students were so distraught over this event and afraid for their “physical and emotional safety” that they claimed they could not even be inside Green Hall at the same time as the speaker. Perhaps this should alert us to an institutional failure to cultivate the norms, habits, and skills necessary to the task of lawyering.

As far as I can tell, there is no one that comes out of this unsullied. I understand that some have accused the student leaders of the KU Law Federalist Society chapter of not following the right procedure before inviting the lunch-time speaker—that the event was an “ambush.” I find that plausible given what is clearly a closed and stifling culture of discourse at KU Law. Certainly nothing that transpired suggests that KU Law would have welcomed a discussion or debate with this speaker if the chapter had only followed proper procedure.

Of course, that doesn’t justify a failure on the part of the Federalist Society chapter to be fully considerate of others. Two wrongs never a right make. The point is that the behavior on both sides indicates an institutional failure.

Consideration and respect for others is the common good bought and paid for by the sacrifices entailed in curating and maintaining a robust and vibrant liberal public square. We cannot have one without the other. And if the different sides of the societal conflicts we see all around us continue to anathemize each other before engaging in the hard, demanding, and sometimes tedious work required by the liberal public square, we are likely to see that square disappear entirely.

This is what I have seen play itself out at KU Law this fall—and it is especially concerning to see it take root within the leadership of the school. To the extent the movement calling itself Diversity, Equity, and Inclusion is an effort to encourage the imaginative effort on everyone’s part to consider what it is like to walk that proverbial mile in another’s shoes, it is laudable. But if—as demonstrated by KU Law’s Diversity, Equity, Inclusion and Belonging Committee—it is the operational arm of a bigger effort to silence large segments of our society, then it is an ideological movement committed to principles that are contrary to the principles of a free and equal society living under the rule of law.

There is a perennial temptation to cheat on the social contract—to shortcut or bypass the liberal public square on the road to achieving one’s preferred outcomes. Such efforts are drawn to censorship, reprisals against those espousing disfavored views, and to dividing people based on shared group identities and characteristics. The result is likely to be the crushing viewpoint diversity, the elimination of a level and equal playing field, and the exclusion of disfavored individuals and groups—dquite the opposite of the chosen aspirational name of the DEI movement.

I know all too well that these disturbing trends—and the authoritarianism at work behind them—are not limited to any one wing (or wings) of our political and cultural moment. So the tell-tale tricks and sleights-of-hand that mark such ideologies must be opposed wherever and whenever they are found—not only when practiced by those one disagrees with (and not only when it is easy or convenient to do so). Indeed, such ideologies threaten the foundational tenets of liberal democracy and the free and open society it enables—principles and practices such as a basic respect for all people as individual human beings; tolerance; openness; the free exchange of ideas without promises of favor or fear of reprisal; and privileging individual character and merit above group characteristics when rendering judgments.

Last year, for example, I took the unusual step of publicly defending a judicial nominee from those who sought to punish him for representing a despised minority in society—people charged with serious sex crimes. As I wrote in the Topeka Capital Journal [link -EV]:

At a time when different segments of society seem less and less inclined to give a fair hearing to voices, ideas and people they disagree with, it strikes me as imperative that we reacquaint ourselves with the majestic principles that serve as pillars of justice delivered under the rule of law. … In the face of hard disagreements—and unfair name-calling—the civic temperament demanded by the rule of law calls us to strive for the ideal of a public-spirited, deliberative and reasoned engagement with others. For a lawyer, this may mean speaking vigorously and boldly on behalf of a client or cause that society has turned against. … [A]t a time when many are wondering if our political structures are hopelessly broken, the American constitutional tradition of sheltering, protecting and cherishing an open public space for the full airing of all viewpoints and facts—even on behalf of unpopular people and ideas, and doing so with deliberation and reason—deserves the respect and support of all of us, together.

And here it must be added that these core commitments are likewise vital to the mission of a place like KU Law—the training and education of the next generation of lawyers who will become stewards of the institutions of law and democracy. Educated citizens of such a society have a minimum obligation to listen to opposing viewpoints and engage in reasoned dialogue. Lawyers have a heightened duty to do so—and are supposed to be receiving training and expertise in the skill set necessary to accomplish that difficult task.

KU Law is not serving its students well—nor is it preparing them to take their place as lawyers in the great conversation (or in Kansas courtrooms)—when it engages in bullying and censoring tactics, fosters a spirit of fear, drives dissent into a guerrilla posture, and gives institutional backing and support to overwrought grievances which can and do cripple a persons’ ability to critically engage with ideas or people with whom they disagree….

In my view, KU Law owes its students (all of them, not just those in the Federalist Society chapter) and the future of the rule of law in Kansas better. And it is possible to course correct. But until that time, I can’t continue to provide tacit support to the current direction through my teaching affiliation with KU Law. Not when that direction so clearly threatens the basic pillars of our profession—and not when the duty to ensure the great conversation continues is so clearly ours to shoulder….

The letter is long, so I took the liberty of excerpting it and (as I sometimes do) adding a few paragraph breaks; you can read the whole letter here.

I’ve asked the Dean for comment, and will pass along anything I get back; but an article on the subject at the Sunflower State Journal (paywalled) reports that the Dean had “declined comment” to that publication. The article does note, though, that a KU spokesperson responded, “The university takes pride in its role as a marketplace of ideas, and we strive to provide opportunities for various perspectives to be debated and discussed within our community.” Thanks to Lance Kinzer for the pointer.

The post From Kansas S. Ct. Justice, About Univ. of Kansas Law School's Response to a Federalist Society Event appeared first on Reason.com.

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Has the GOP Lost Its Mind Over Donald Trump and Election Fraud?


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Has the Republican Party lost its mind—and its way—in its slavish devotion to Donald Trump, who insists that the 2020 election was stolen from him through extensive voter fraud?

That’s the question that journalist Robert Draper investigates in his new book Weapons of Mass Delusion, which looks at rising Republican stars such as Rep. Marjorie Taylor Greene (R–Ga.) and failed Arizona gubernatorial candidate Kari Lake, who are diehard Trump loyalists, and established party leaders such as likely Speaker of the House Kevin McCarthy, who is openly terrified to cross the former president.

Reason‘s Nick Gillespie spoke with Draper shortly after the midterm elections, in which the GOP had an unexpectedly poor showing against a massively unpopular Joe Biden. Is this a sign that Trump’s hold on his party—and the country—is weakening? And is there any reason to believe that the party of Ronald Reagan and Barry Goldwater may return to its small government roots? Draper also reflects on his 2014 New York Times Magazine cover story, “Has the Libertarian Moment Finally Arrived?,” which prominently featured Gillespie and Matt Welch.

Produced by Nick Gillespie; edited by Adam Czarnecki and Justin Zuckerman; sound editing by Ian Keyser

Photo Credits; Kyodonews/ZUMAPRESS/Newscom; PictureGroup/Sipa USA/Newscom; Tom Williams/CQ Roll Call/Newscom; Alexandra Buxbaum/Sipa USA/Newscom; CNP/AdMedia/Newscom; Abaca Press/Gripas Yuri/Abaca/Sipa USA/Newscom; Brigitte N. Brantley/ZUMA Press/Newscom; Arnie Sachs—CNP/Newscom; Dennis Brack bb28/Newscom

The post Has the GOP Lost Its Mind Over Donald Trump and Election Fraud? appeared first on Reason.com.

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What Was Your Favorite Reason Video of 2022? And How Can You Get More of Them?


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I’m excited as hell to ask you to donate during Reason‘s annual webathon, the one week each year where we ask you to support our efforts to advance libertarian ideas and policies with fully tax-deductible donations. And I’m even more excited to announce a massive $100,000 matching grant from a supporter—which means that every dollar (or satoshis; yes, we take bitcoin!) goes twice as far for the next hundred grand in donations! If you can’t wait, go here right now to check out swag levels and make a contribution.

But first, riddle me this? What was your favorite Reason video of 2022? Of all time? Since I’ve been with our video platform since it launched in late 2007, I think about this sort of question all the time. We’ve released over 3,000 videos that have been viewed 260 million times on YouTube alone, so there’s a lot to choose from, starting with that early one with the commute from hell, that helicopter ride, and Drew Carey (more on him later).

My answers: For this year, it’s our interview with Monty Python‘s John Cleese at FreedomFest, where the master comedian talked about how “wokeness” is the enemy of creativity—and that creativity is something that can be taught, a skill not unlike carpentry or plumbing. The Q&A clearly tickled more than the funny bones of our audience, as it’s racked up 1.6 million views since its August 1 release, making it our single-biggest hit released this year.

And my favorite video of all time? This one is tougher, but I’m going with 2013’s “UPS vs. Ultimate Whiteboard Remix,” which parodied a popular ad series while laying out an incredibly sophisticated argument about labor law and government regulations in just two minutes. I wrote and performed the script, based on a Reason article by Mercatus Center scholar Veronique de Rugy, and Meredith Bragg provided the absolutely magical animation and editing. This one was a finalist for a National Magazine Award, the highest honor in our space, and I especially love the way we were able to perfectly mimic a super-expensive TV commercial with a green screen and a few thousand dollars worth of camera and editing equipment (cheap technology keeps remaking the world and expanding freedom in all sorts of great ways, as Jim Epstein wrote in this tribute to the Sony VX1000 camera).

In 2022, our videos have so far generated a mind-boggling 24.3 million views on YouTube, our main distribution platform. The content ranges from long-form interviews like the one with Cleese and ones with Jay Bhattacharya and Glenn Greenwald, to incredible documentaries such as Zach Weissmueller’s “Forget the Great Reset, Embrace the Great Escape” to the comedy stylings of Austin Bragg and Meredith Bragg and Remy to our new weekly livestreams featuring leading thinkers and policymakers.

This is the sort of work your money supports. Reason is here, day in and day out, making the principled case for a more libertarian world in which all of us have more power and control over our own lives. And since 2007, we’ve been using video to supplement our arguments in the marketplace of ideas. Our video platform is the brainchild of Reason Foundation trustee, comedy legend, and Price Is Right host Drew Carey, who suggested we experiment with making online documentaries at a time when most magazines were still struggling to adapt to the World Wide Web. “Your stories make people think,” Drew said, “but with video, we can make people feel too and gain an even-deeper appreciation for the power of ‘Free Minds and Free Markets.'” Drew hosted the first dozen-plus videos we put out 15 years ago and of course he headlined our award-winning series, Reason Saves Cleveland with Drew Carey—which, come to think of it, might just be my favorite Reason video of all time.

If you like what we’re doing—and make sure to list your favorite videos in the comments!—then please make a donation right now, when the $100,000 matching grant will magically double its value! Thanks for your support!

The post What Was Your Favorite Reason Video of 2022? And How Can You Get More of Them? appeared first on Reason.com.

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WTI Extends Gains After Massive Crude Inventory Draw

WTI Extends Gains After Massive Crude Inventory Draw

Oil prices extended yesterday’s gains this morning with WTI back above $80 after API reported inventories fell by almost 8 million barrels and further optimism of a rising demand outlook from China lifting Zero-COVID restrictions.

“Oil is starting to get its groove back and it looks like both supply and demand drivers could turn bullish for crude,” said Ed Moya, senior market analyst at Oanda Corp.

“If China’s Covid rules are slowly eased and OPEC stays the course, crude prices could rally another 5-10% here.”

Crude has recovered in recent days as EU discussions on a Russian price cap continue. Without the measures, companies will have no access to European or UK insurance when transporting the country’s crude, potentially risking supply disruption.

We note that while API reported a sizable crude draw, it also reported builds for gasoline and diesel stockpiles, which could indicate fuel demand has remained weak amid strong post-maintenance refinery production.

API

  • Crude -7.85mm (-2.49mm exp) – biggest draw since April 2022

  • Cushing -150k

  • Gasoline +2.85mm

  • Distillates +4.01mm

DOE

  • Crude -12.58mm (-2.49mm exp) – biggest draw since June 2019

  • Cushing

  • Gasoline +2.77mm

  • Distillates

After API’s reported draw in crude and build in products, the official data confirmed it and then some with the biggest crude draw since June 2019 and huge product builds…

Source: Bloomberg

Combined with a 1.4mm drain from the SPR, this is a massive 14mm barrel draw in US crude stocks.

Source: Bloomberg

US crude and product exports hit a new record high…

Source: Bloomberg

US Crude production picked up last week to 12.1mm b/d as rig counts continue to rise…

Source: Bloomberg

WTI was hovering just below $80.50 ahead of the official data and extended gains on the massive draw…

Notably, the shape of the futures curve has flipped in recent weeks, continuing to signal an oversupplied market.

Source: Bloomberg

That is the largest contango since 2020.

There are several vital days for the oil market ahead. The European Union is yet to agree on a price cap for Russian oil with sanctions on the country’s exports due to come into effect on Dec. 5. The Organization of Petroleum Exporting Countries and allies are increasingly expected to hold production steady.

Finally, as Bloomberg’s Sheela Tobben reports, there is much focus this week on a possible rail-workers strike that could disrupt nationwide flows of a wide range of commodities including oil. For the petroleum industry, a strike could upend flows from crude to fuel ethanol to road asphalt, and volumes may vary. Even heating fuels such as propane could be impacted, and that may pose a tricky situation with low heating oil stocks in the Northeast as we head into winter.

Tyler Durden
Wed, 11/30/2022 – 10:35

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Ugly JOLT: Job Openings Plunge By 353,000 As Hiring, Quits Tumble To Multi-Year Lows

Ugly JOLT: Job Openings Plunge By 353,000 As Hiring, Quits Tumble To Multi-Year Lows

One month after the August Jolts report showed an unexplained surge in job openings (following the dire plunge in July when nearly 1 million job openings were gone), things are reverting back to normal because after the “freak” spike in job openings in the last month of the summer which was downward revised to 407K (after the 890K drop in July), in September the trendline resumed its grind lower as another 353K job openings were gone, bringing the total to just 10.334 million, down from the record 11.855 million hit in March of 2022.

According to the BLS,  job openings decreased in state and local government, excluding education  (-101,000); nondurable goods manufacturing (-95,000); and federal government (-61,000). The number of job openings increased in other services (+76,000) and in finance and insurance (+70,000).

Coming at a time when payroll growth is shrinking fast, if one believes this morning‘s ADP print which indicated that a whopping 100,000 manufacturing jobs were lost including over 100,000 information, financial and professional workers…

… but offset by the usual hiring spree of waiters and bartenders, the drop in job openings meant that there is still 4.275 million more job openings than there are unemployed workers.

The September update also means that there were 1.71 job openings for every unemployed worker, down from 1.86 last month. That said, this number has a ways to drop to revert to its precovid levels around around 1.20.

This is important because as Fed mouthpiece Nick Timiraos wrote last month, “The Fed would like to see the ratio of vacancies to unemployed workers decline, and it ticked up in September to 1.86 from 1.68.Well, it ticked right back down now.

While job openings reversed the recent bounce, hiring continued to slide and in September the BLS reported that total hires dipped to 6.012 million which was the lowest since January 2021.

The trend here is clear: lower and to the right. According to the BLS.

And more bad news: the number of quits – or the “take this job and shove it” indicator – continued to deteriorate, and in Sept dropped by 34K to 4,026MM, the second lowest since June 2021!

So will the combination of a clearly disastrous ADP print coupled with another ugly JOLTS report be enough to convince Powell to ease off the break? For the answer, join us at 1:30pm when Powell speaks at Brookings and either sends stocks plunging… or soaring.

Tyler Durden
Wed, 11/30/2022 – 10:33

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Watch: New Disney CEO Wants To “Quiet Things Down” After Company Exec Previously Revealed Open LGBTQ Agenda

Watch: New Disney CEO Wants To “Quiet Things Down” After Company Exec Previously Revealed Open LGBTQ Agenda

Authored by Steve Watson via Summit News,

The new CEO of Disney, Bob Iger, announced Tuesday that he will seek to “quiet things down” at the company following several high profile controversies, most notably the admission of an executive producer under his predecessor declaring that Disney is operating an open LGBT agenda.

Iger was filmed at a town hall meeting with Disney employees, and the footage was posted to social media by Manhattan Institute senior fellow Christopher Rufo.

“Do I like the company being embroiled in controversy? Of course not,” Iger asserted.

“It can be distracting, and it can have a negative impact on the company. And to the extent that I can work to quiet things down, I’m going to do that,” Iger vowed.

Iger, who is returning to the company for a second spell as CEO after the unscheduled exit of his appointed successor, Bob Chapek, also noted that he was “sorry to see us [Disney] dragged into that battle” with Florida governor Ron DeSantis following Disney’s public rebuke of his “Parents Rights in Education” bill which prevents children as young as kindergarten age being taught about transgender and gay sex issues in schools.

In an interview with Tucker Carlson, DeSantis and the host charged that Disney has a “fixation on the sexuality of children” pointing to recent reports that four employees of the media giant were charged with human trafficking in Florida, with one having allegedly sent sexually explicit texts to an law enforcement agent posing as a teenage child.

Video: DeSantis Accuses Disney Of “Sexualizing Kindergarteners”

During the town hall, Iger further stated that “One of the core values of our storytelling is inclusion, and acceptance, and tolerance. And we can’t lose that, we just can’t lose that.”

He continued, “How we actually change the world for the good must continue… We’re not going to make everybody happy all the time, and we’re not [going to] try to. We’re certainly not going to lessen our core values in order to make everybody happy all the time.”

Iger’s comments come as the company faces a $100 million loss from a production called “Strange World,” which features an open gay teen romance.

Recall that back in March, leaked video footage revealed Disney executive producer Latoya Raveneau asserting that her team had implemented a “not-at-all-secret gay agenda” that would be “adding queerness” to programmes and films for children.

Disney has indeed been prominently featuring transgender and LGBT characters in productions:

Disney also angered many parents earlier this year by throwing its weight and funding behind gender reassignment procedures, even for kids:

As we noted yesterday, a new Disney Christmas show features a group of children holding up signs that spell out “WE LOVE YOU SATAN,” prompting more backlash.

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Tyler Durden
Wed, 11/30/2022 – 10:15

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US Pending Home Sales Plunge To Biggest Annual Drop Ever

US Pending Home Sales Plunge To Biggest Annual Drop Ever

After plunging by the most since COVID lockdowns in September, analysts expected US pending home sales to tumble once again in October and they did, dropping 4.6% MoM (September was revised slightly higher from -10.2% MoM to -8.7% MoM)…

Source: Bloomberg

This the 5th straight month of sales declines (and 11th of the last 12 months) leaving the YoY drop down over 36% – the biggest annual drop ever.

“October was a difficult month for home buyers as they faced 20-year-high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement.

“The West region, in particular, suffered from the combination of high interest rates and expensive home prices. Only the Midwest squeaked out a gain.”

Absent the COVID collapse, this is the weakest level for the Pending Home Sales Index since the nadir in June 2010…

Source: Bloomberg

Pending home sales are often looked to as a leading indicator of existing-home purchases given properties typically go under contract a month or two before they’re sold

Existing home sales tumbled in October while new home sales rose (cancellations are not counted), and so the pending home sales print confirms the weakness that Jay Powell apparently is looking for in the US housing market.

Tyler Durden
Wed, 11/30/2022 – 10:07

via ZeroHedge News https://ift.tt/AREua0p Tyler Durden