- Germany's Green Energy Delusion Has An Enormous Environmental & Economic Price-Tag
Germany’s Green Energy Delusion Has An Enormous Environmental & Economic Price-Tag
Authored by Magyar Nemzet’s Gergely Kiss via Remix News,
With the closure of Germany’s last three nuclear power plants, the country’s 60-year era of nuclear power generation has come to an end. The move was originally planned for the end of last year. However, due to uncertainty over energy supplies in the wake of the Russian-Ukrainian war and sanctions, the coalition government extended the deadline until after winter.
For a long time, nuclear energy has been one of the most divisive areas of energy policy in the EU’s supply. The technology offers stable energy supplies and has positive environmental and economic indicators, but the radical Green parties of Europe have worked hard to convince many that these plants should be closed.
This has been achieved mainly in Germany and Austria. Downsizing has begun and further investment has become impossible. Reality, however, has shown that this ideology-driven energy policy comes at a heavy price. It was not by chance that energy policy expert Oliver Hortay recently recalled an estimate by a Berkeley University researcher that the social cost of German nuclear plant closures had already reached $12 billion a year.
The threat of energy shortages in Europe has led to a change in the perception of nuclear power among EU citizens.
In Germany, for example, the percentage of people who oppose nuclear power has fallen from 65 to 20 percent. But it seems that the will of the electorate does not matter.
“It’s a black day for climate protection in Germany,” Jens Spahn, a conservative member of the CDU, told RTL television the other day.
It is hard to talk about a green transition when carbon emissions are rising.
The huge expansion of solar and wind capacity in Germany is no guarantee of security of supply. The country is increasingly using coal instead of Russian gas. In fact, mines that had previously been closed down have had to be reopened, and a German energy company has even started to dismantle a wind farm to allow for the expansion of a neighboring coal mine.
On average, 30,000 tons of coal are transported daily by trains from North Sea ports to large power stations across Germany. Last year, the war caused the country to increase its coal imports by 8 percent to 44.4 million tons. These are the hard facts.
The Greens went after gas boilers, too. They will now be banned in German homes from 2024.
Greens say they cannot meet their climate commitments otherwise.
However, it is coal-fired power stations, not residential gas boilers, that threaten climate targets.
Péter Szijjártó, the Hungarian minister of foreign affairs and trade, often warns that it is impossible to supply the economy with gas or oil, or even to heat houses and apartments, with ideology or political statements instead of actual supply chains.
In other words, the Hungarian government continues to treat energy security as a physical and not an ideological issue. That means it is not willing to give up working, proven and reliable sources.
An ideology-driven energy policy is very expensive, has harmful consequences, and in the future, could even end with us freezing in our homes if an especially cold winter hits Europe.
Tyler Durden
Mon, 04/24/2023 – 02:00 - The Garland, Blinken, And Morell Morass
The Garland, Blinken, And Morell Morass
Authored by Roger Kimball via AmGreatness.com,
Doubtless your mother used to tell you to count your blessings. It was good advice.
Your situation may be bad. In the case of the United States, things indisputably are bad, and worsening. You know that. But look on the bright side.
Sure Merrick Garland, the first American Gothic attorney general of the United States, is a partisan horror show, withholding real protection from Supreme Court justices who are threatened by violent criminals even as he stigmatizes as “domestic terrorists” parents who criticize their local school boards and orders the FBI to conduct dawn raids on critics of the regime. He is a horrible man and a dangerous partisan hack, the very instantiation of the two-tier application of the law that has made such a mockery of justice during Biden’s tenure.
But again, look on the bright side. Garland will soon be gone. And remember, he almost made it to the Supreme Court. Obama nominated him in the waning days of his administration. But Donald Trump had other ideas and—let’s give credit where credit is due—Senate Minority Leader Mitch McConnell (R-Ky.) made sure that Garland’s nomination got lost when Republicans held the majority. I am no fan of McConnell’s, but I try to remember to say a little prayer for him whenever I list my intentions. By scotching Garland’s ascension to the Court, McConnell did the country a huge favor.
I say Garland will “soon” be gone. Most of my readers will assume I mean on or about January 20, 2025, when the next Republican president assumes office.
It might take that long. But recent developments have me wondering whether he might make his congé even earlier.
A few days ago, it was reported that an unnamed, senior IRS special agent was seeking whistle-blower status in connection with the ongoing investigation of First Son Hunter Biden, who has serious tax problems.
According to a letter from the agent’s lawyer to several House and Senate committees, the agent laid out multiple examples of “preferential treatment and politics improperly infecting decisions and protocols that would normally be followed by career law enforcement professionals in similar circumstances if the subject [i.e., Hunter Biden] were not politically connected.”
The agent’s allegations also “contradict sworn testimony to Congress by a senior political appointee” and “involve failure to mitigate clear conflicts of interest in the ultimate disposition of the case” against Hunter Biden.
An “unnamed senior political appointee,” eh? Well, that unnamed status didn’t last long. On Thursday, the New York Post reported that the international man of mystery was none other than Merrick Garland himself.
Back in March, Garland had insisted to Congress that the investigation into Hunter Biden’s extracurricular activities was free from political interference. David Weiss, the U.S. Attorney investigating the case, had full autonomy, Garland said. Quoth Garland, “The U.S. attorney has been advised that he has full authority to make kind of those referrals you’re talking about or to bring cases in other jurisdictions if he feels it is necessary, and I will assure that if he does, then he will be able to do that.”
It was not reported whether that claim was greeted with titters. I assume that the echoing claim from the White House, that the investigation would be “free from any political interference by the White House,” was greeted by at least restrained and incredulous laughter.
Thierry Monasse/Getty Images
What does it all portend? Probably about the same thing that the revelation last week regarding Secretary of State Antony Blinken portends. Blinken, it transpired, was the origin of the campaign against the story, first reported by the New York Post, about Hunter Biden’s “laptop from hell.” Forget about the salacious bits—the drugs, the guns, the whores. More damaging were the emails detailing some of the Biden family’s corrupt business dealings with various foreign entities, dealings that clearly implicated the “Big Guy,” Joe Biden.
The Post bombshell was detonated a scant two weeks before the 2020 presidential election. It promised disaster for the Biden campaign. What to do? Remember the 51 former intelligence specialists, including such senior figures as former CIA director John Brennan and Director of National Intelligence James Clapper, who signed a letter testifying that the laptop bore “all the classic earmarks of a Russian information operation”?
According to the sworn testimony of Michael Morell—a senior Democratic operative—it was he, working hand-in-glove with Blinken, then a Biden campaign official, who organized the letter and helped shut down the story.
Why did he do this?
Two reasons.
He wanted to help Joe Biden in his debates with Donald Trump, so he wanted the story buried. Beyond that, he said, he wanted Biden “to win the election.”
What better way to help than to use the power of the state to censor the media and thereby suppress an unflattering story, one that would probably have altered the outcome of the election?
It is possible that both Garland and Blinken will have to answer for their alleged malfeasance. Both might easily be impeached and forced from office.
If they are, it will be a signal that the Regime is about to expel Joe Biden and find another candidate for 2024. I don’t really expect that to happen, though anything is possible in this increasingly yeasty situation. More likely, I think, is that our deeply ensconced two-tier system of “justice” will prevail, just as it is, for the benefit of Hunter Biden.
More’s the pity, but the longer such outrages continue, the more definitive the reverse peristalsis of swampy denizens in Washington, D.C. will be in November 2024.
Tyler Durden
Sun, 04/23/2023 – 23:30 - Bush, Clinton And Obama NGO Teams Up With AmEx Global To Fly Migrants Into The US
Bush, Clinton And Obama NGO Teams Up With AmEx Global To Fly Migrants Into The US
A new nongovernmental organization (NGO) launched by former Presidents Obama, Clinton and George W. Bush, Miles4Migrants, is teaming up with American Express Global Business Travel (AmEx GBT) and Welcome.US, in order to fly migrants to communities throughout the United States, according to Breitbart.
Welcome.US was originally intended to facilitate the resettlement of some of the 85,000 Afghans who fled to the US in 2021 and 2022 following the Biden administration’s disastrous pullout from the country. The organization (surprise!) has ties to George Soros’ Open Society Foundation through several board members who sit on their “National Welcome Council.”
Now, the NGO is teaming up with the open borders group Miles4Migrants as well as American Express Global Business Travel to fund flights to American communities for migrants from Cuba, Haiti, Venezuela, Ukraine, and Nicaragua. -Breitbart
“Donations are needed to fund the flights for newcomers to travel to the United States,” the website for the initiative states.
Those forced to flee often leave behind all but what they can carry, and the costs of international travel can be prohibitive. Welcome Connect Travel removes the cost of travel as a barrier for both sponsors in the United States and the displaced families they are supporting through humanitarian sponsorship. [Emphasis added]
With the average cost of a single flight at $1,600, public donations through our partner Miles4Migrants will help provide a lifeline to newcomers, giving them the opportunity to safely travel to their new communities. Donate below to help newcomers access safe travel. [Emphasis added]
Last week Senator Ron Johnson (R-WI) said that close to five million illegal migrants have entered the Untied States since Biden took office in early 2021, a figure which doesn’t include those released into the US interior, those who got away, and migrants who were never caught in the first place.
Tyler Durden
Sun, 04/23/2023 – 23:00 - It's Not That The Capital Doesn't Exist, It’s Just Trapped In A Different Time… Which Means Inflation Will Be Far Worse
It’s Not That The Capital Doesn’t Exist, It’s Just Trapped In A Different Time… Which Means Inflation Will Be Far Worse
By Eric Peters, CIO of One River Asset Management
Time Travelers:
“I like sci-fi, but prefer time travel stories to dystopian superintelligence ones,” said Lindsay Politi, our inflation portfolio manager, early one morning, our Bloomberg’s aglow. “Maybe that’s why I still think the better sci-fi tale playing out in real time is happening in the financial markets, not in Silicon Valley with its latest AI advances. Interest rates are the price of time, so, in a way, last decade’s monetary policy experiment was really a time distortion experiment. Crossing the zero bound in interest rates, like exceeding the speed of light with matter, causes our sense of time to become unfixed. Future values and present values converged and became indistinguishable. Time became irrelevant,” said Lindsay.
“Financial valuation, at its core, is about valuing future cash flows,” continued Lindsay. “Taking interest rates near or below zero across almost all-time horizons completely distorted the idea of time in that cash flow valuation process. It compressed present values and future values to the point of being nearly identical. Being able to pretend that time doesn’t matter is alluring but completely unhinged from reality. Distorting the pricing of time doesn’t make time irrelevant, even if it seemed that way for a while, and having to consider time again as an extremely relevant variable is destabilizing for today’s markets, quite literally.”
“Now that time matters again, we’re starting to realize that a lot of money we thought was on hand is trapped in the future,” said Lindsay. “You hear it all the time from the house you no longer want to sell because the mortgage rate is too low, to the PE deal you’re holding longer than you anticipated. Good or bad, people have all kinds of financial holdings they thought they’d be trading in the present but it’s now too expensive not to hold well into the future. It is creating all kinds of unexpected illiquidity and distortions. It’s not that the capital doesn’t exist. It’s just that it exists in a different time than we thought it did. And inflation is a catalyst that exposes these time distortions.”
“All this trapped capital means inflation will be worse than most think,” said Lindsay. “There are supply issues, capital investment is needed to resolve them, but that capital is locked up in investments that we now realize are much longer term than originally anticipated. Negative and zero interest rates are so distorting that even a slight move away from that was always going to create a substantial shift towards value of the present — liquidity, cash, current cash flow, etc. Inflation itself is all about time preference for the present, wanting the ability to buy today before it’s more expensive tomorrow. This natural shift towards wanting assets and consumption in the present creates an inherent inflationary push that’s hard to anticipate. It means that prices rebound more quickly on dips than we expect.”
Tyler Durden
Sun, 04/23/2023 – 22:30 - 'X-Files-Like Mystery' In Texas As Cattle Found Dead With Missing Tongues
‘X-Files-Like Mystery’ In Texas As Cattle Found Dead With Missing Tongues
Authorities in Texas are investigating the mysterious deaths of six cattle found with their tongues “completely removed” by precision “clean cuts.”
Ranchers in Madison County, about 100 miles southeast of Waco, found the mutilated remains of a 6-year-old longhorn-cross cow lying on her side at their ranch.
Madison County Sheriff’s Office said, “A straight, clean cut, with apparent precision, had been made to remove the hide around the cow’s mouth on one side, leaving the meat under the removed hide untouched. The tongue was also completely removed from the body with no blood spill.”
“It was noted there were no signs of struggle and the grass around the cow was undisturbed,” investigators from the sheriff’s office said.Investigators added: “No footprints or tire tracks were noted in the area.”
Ranchers also reported five similar cases involving four adult cows and one yearling in Brazos and Robertson counties.
The exact cause of death of the six livestock is unknown; each was found the same way, with “face cut along the jaw line and the tongue removed” in “straight, clean cut, with apparent precision,” the sheriff’s office said.
One commenter on the Facebook post wrote, “This is just to dristraxt of from how high inflation is.”
The discovery of the cattle resembles a storyline from an episode of “The X-Files.”
Tyler Durden
Sun, 04/23/2023 – 22:00 - Washington Legislature Passes Semi-Automatic Rifle Ban
Washington Legislature Passes Semi-Automatic Rifle Ban
Authored by Elizabeth Dowell via The Epoch Times (emphasis ours),
Another gun control restriction has been passed by Washington state legislatures, implementing a ban on dozens of models of semi-automatic rifles on Wednesday.
Semi-automatic rifles fill a wall at a gun shop in Lynnwood, Wash., on Oct 2, 2018. (Elaine Thompson/AP) Democrat Gov. Jay Inslee is expected to sign the bill (HB 1240) into law and posted his reaction to this latest effort to stop the growing list of mass shootings in the United States.
“WA does not and will not accept gun violence as normal. Banning the sale of assault weapons, our bill to enact training requirements and a waiting period, and the bill to improve the accountability of manufacturers and retailers will save lives,” the governor posted on Twitter in response to the bill’s approval.
Washington Gov. Jay Inslee speaks during the Presidential Gun Sense Forum in Des Moines, Iowa, on Aug. 10, 2019. (Scott Morgan/Reuters) The Washington law would block the sale, distribution, manufacture, and importation of more than 50 gun models, including AR-15s, AK-47s, and similar-style rifles. Some exemptions are included for sales to law enforcement agencies and the military in Washington. The measure does not bar the possession of weapons by people who already have them.
Republican state lawmakers opposed the ban, with some contending school shootings should be addressed by remodeling buildings to make them less appealing as targets and others saying it infringes on people’s right to defend themselves.
“HB 1240 clearly violates our state and federal constitutions, which is why it will end up in court immediately,” state Sen. Lynda Wilson of Vancouver said in a statement.
President Joe Biden called for stronger gun control laws during a visit to Monterey Park, California, in March, where he met the families of the mass shooting that claimed 11 lives and injured nine others in January 2023.
“I’m here on behalf of the American people, to mourn with you, to pray with you. To let you know you’re loved and not alone. Every case is different. But I know what it’s like. I know what that’s like to get that call,” Biden said in his speech.
Requirements should be enforced more effectively before an individual can buy a firearm.
“It’s just common sense to check whether someone is a felon, a domestic abuser before they buy a gun,” Biden added.
Gun manufacturing CEOs Marty Daniel of Daniel Defense and Christopher Killoy of Sturm, Ruger & Co. both testified last year before Congress and denied any responsibility in connection to America’s mass shootings over the decade.
“I believe that these murders are a local problem that has to be solved locally,” Daniel said in a statement. “These acts are committed by murderers. The murderers are responsible.”
Killoy, the CEO of the largest manufacturer of rifles in the United States, said blaming an “inanimate object” for deaths caused by murderers isn’t accurate.
“We firmly believe that it is wrong to deprive citizens of their constitutional right to purchase a lawful firearm they desire because of the criminal acts of wicked people,” Killoy said in a statement. “A firearm, any firearm, can be used for good or for evil. The difference is in the intent of the individual possessing it, which we respectfully submit, should be the focus of any investigation into the root causes of criminal violence involving firearms.”
Texas Gov. Greg Abbott believes raising the minimum age to buy assault-style rifles from 18 to 21 years old wouldn’t help solve the murder problem and would be unconstitutional.
“It is clear that the gun control law that they are seeking in Uvalde—as much as they may want it—has already been ruled as unconstitutional,” Abbott said in a statement during his reelection campaign last year.
California is one of the strictest states when it comes to gun control laws as Gov. Gavin Newsom continues to push for tighter reforms leading the nation.
“From our schools to our parks to our homes, our kids deserve to be safe—in California, we’re making that a reality. As the Supreme Court rolls back important gun safety protections and states across the country treat gun violence as inevitable, California is doubling down on commonsense gun safety measures that save lives,” Newsom said in a statement. “The lives of our kids are at stake, and we’re putting everything on the table to respond to this crisis.”
Tyler Durden
Sun, 04/23/2023 – 21:30 - Watch: Ohio Senate Candidate Floats Reparations For White People
Watch: Ohio Senate Candidate Floats Reparations For White People
An Ohio candidate for US Senator, Bernie Moreno, has suggested that the white descendants of northern Civil War soldiers should receive some type of reparations.
Bernie Moreno. (File Photo) “We stand at the shoulders of giants, don’t we? We stand on shoulders of people like John Adams, James Madison, Alexander Hamilton, George Washington. That this group of people took on the largest empire in history. They said no, we will not stand for this. And won,” Moreno told supporters at a campaign event last week.
“That same group of people later, white people, died to free black people. It’s never happened in human history before, but it happened here in America. That’s not taught a lot in schools much is it?” continued Moreno, who’s looking to challenge US Senator Sherrod Brown.
Ohio GOP Senate candidate Bernie Moreno proposes reparations for white people: “You know, they talk about reparations. Where are the reparations for the people in the North who died to save the lives of Black people?” pic.twitter.com/50wsfmWYdV
— Heartland Signal (@HeartlandSignal) April 21, 2023
https://platform.twitter.com/widgets.js
“They make it sound like America is a racist, broken country. You name a country that did that: that freed slaves, died to do that. You know, they talk about reparations. Where are the reparations for the people in the North who died to save the lives of black people?“
Moreno, a business owner, is the second GOP candidate to jump into the race and faces a primary from Ohio State Senator Matt Dolan. The 2024 Ohio Senate race is a top target for Republicans looking to reclaim the upper chamber.
Though Ohio has a long history as a battleground, it has trended red in recent years. Incumbent Brown is the last major elected statewide Democrat. Ohio strongly backed former president Trump in 2016 and 2020 and sent his preferred candidate, J.D. Vance, to the Senate last year. –NY Post
According to a spokesman for Moreno, Conor McGuinness, the point about reparations had everything to do with political correctness.
“Bernie was right when he said political correctness is killing our country, and the crocodile tears from the left expose the Democrat hypocrisy he was referring to in the clip,” said McGuinness. “However, it’s unsurprising that the liberal media missed his point, since they’ve been complicit with the identity politics charade for years.”
Tyler Durden
Sun, 04/23/2023 – 21:00 - Republicans Help Democrats Advance Biden’s Judicial Nominees Amid Feinstein’s Absence
Republicans Help Democrats Advance Biden’s Judicial Nominees Amid Feinstein’s Absence
Authored by Zachary Steiber via The Epoch Times (emphasis ours),
Republican senators joined Democrat colleagues in advancing multiple judicial nominees from a Senate panel after a weekslong pause due to the absence of a Democrat senator.
Sen. Lindsey Graham (R-S.C.) in Washington on May 25, 2022. (Ting Shen/Pool/Getty Images) The Senate Judiciary Committee discharged seven nominees from President Joe Biden on April 20 as at least one Republican joined all remaining Democrats on the panel.
GOP senators helped advance Jeffrey Cummings and LaShonda Hunt, nominated as U.S. District Court judges for the Northern District of Illinois; Orelia Merchant, nominated as U.S. District Court judge for the Eastern District of New York; Michael Farbiarz and Robert Kirsch, nominated as U.S. District Court judges for the District of New Jersey; and Monica Almadani and Wesley Hsu, nominated as U.S. District Court judges for Central District of California.
Democrats control the Senate, giving them the chair and a majority on each committee. Democrats have 11 members, including Chairman Dick Durbin (D-Ill.), on the judiciary panel. Republicans have 10 members. Sen. Dianne Feinstein (D-Calif.) has been absent since February as she deals with shingles. Feinstein asked to be temporarily replaced, but Ranking Member Lindsey Graham (R-S.C.) blocked that bid.
Durbin, though, said he’d spoken to Graham and had chosen to hold the first hearing in weeks to vote on the nominees.
“Our agenda includes a number of judicial nominees who have been sitting on the agenda for some time. Some have bipartisan support. There’s nothing to prevent us from calling and voting on these nominees today even in Sen. Feinstein’s absence,” he said. “I understand we now have agreement to vote on several of them. I’ve spoken to Sen. Graham.”
“Today I’m going to do my part, and my colleagues will vote the way they think is best, to keep the committee moving forward,” Graham said.
Both Graham and Durbin said they wished Feinstein well and hope she returns soon.
Without Republican support, Democrats cannot advance nominees to the full Senate. The judiciary panel is charged with considering nominees offered by Biden. Feinstein voted by proxy for each nominee, but proxy votes are only allowed under committee rules if they are not the deciding vote, CNN reported.
Graham was the only Republican to vote for three of the nominees. Multiple Republicans, such as Sens. Chuck Grassley (R-Iowa) and Mike Lee (R-Utah), voted for others.
Durbin held back other appointees, including Kato Crews, indicating they may not have had any Republican support.
Senate Minority Leader Mitch McConnell (R-Ky.) said on the Senate floor recently that nominees “who are mainstream and qualified” would get bipartisan support but that Feinstein’s absence would mean “that Democrats aren’t able to push through a small fraction of their nominees who are so extreme and so unqualified that they cannot win a single Republican vote in committee.”
Read more here…
Tyler Durden
Sun, 04/23/2023 – 20:30 - Tesla Market Share In California Tumbles To 59.6% From 72.7%
Tesla Market Share In California Tumbles To 59.6% From 72.7%
It looks like the bad news could only be getting started for Tesla.
The EV maker, which tumbled nearly 10% to end the week after reporting disappointing earnings and margins that failed to impress the street, is now also starting to lose its stronghold in the state of California, Reuters reported Saturday morning.
The report shows that the company controlled just 59.6% of the battery electric market in California in Q1 2023, which is down from 72.7% in the year prior period. It’s also the lowest market share Tesla has had in California since 2017.
Reuters made the calculation using data from the California Energy Commission and found that legacy automakers like Volkswagen, General Motors, Chevy and Kia all expanded their market share in the state, despite still sitting in the single digits, far behind Tesla.
Last year, sales in California accounted for 16% of the company’s global deliveries, the report says. It’ll be no surprise that the West Coast state is also the largest in the U.S. for zero emission vehicles, making it a necessary stronghold for those who want to compete in EVs in the United States.
Tesla, meanwhile, has been in a back-and-forth with raising and lowering the prices of its vehicles, ostensibly trying to find a “sweet spot” between being able to stoke demand, while not destroying margins any further than it did last quarter.
We noted on Friday that Tesla is now increasing the prices of both versions of its Model S and X electric vehicles. The Model S Plaid and Model X Plaid now cost $107,490 from $104,990 earlier, Reuters wrote. They also said the regular Model X is at $97,940, which marks about a 2.6% rise, and the Model S is at $87,490, marking a rise of about 2.9%.
Shares of the EV maker plunged Thursday after reporting earnings that disappointed Wall Street on Wednesday after market. Among the topics of discussions were the company’s poor margins, occurring as a result of Tesla slashing prices consistently since the beginning of 2023. Total GAAP margin for the quarter was 19.3%, missing estimates of 21.2% and down 977 bps from 29.1% just one year ago.
Tesla closed its first quarter with record deliveries hitting over 423,000 units worldwide, but that’s still less than what the automaker produced. Tesla has used price cuts throughout the quarter, aiming to reach more of the mass market, and as Bloomberg calculated earlier this week, the latest price cut makes the Tesla Model Y nearly a third cheaper than it was at the start of the year, in part due to the introduction of a new lowest level trim.
The most recent cuts to Model X and Model S prices came on March 6, a little more than a month ago, when the company reduced the starting prices for the S and X in the US by 5.3% and 9.1%, respectively, to $89,990 and $99,990. Additionally, the higher-performance Plaid version of the Model S and X had been lowered by 4.3% and 8.3%.
Back in March, Musk claimed that demand for Teslas was nearly unlimited and would increase significantly as the company made its vehicles more affordable. The recent price reductions at the time implied that these vehicles may not have had experienced the same boost in demand as the rest of the lineup when the company reduced prices earlier this year. That appeared to be the case when the company reported deliveries at the beginning of April.
Tyler Durden
Sun, 04/23/2023 – 20:00 - "We Scrambled, And Spoke With Well Over 100 Banks. Not One Will Provide Financing"
“We Scrambled, And Spoke With Well Over 100 Banks. Not One Will Provide Financing”
By Eric Peters, CIO of One River Asset Management
“Credit started tightening six to nine months ago,” said the developer, a close friend, entrepreneur, with large residential projects across the nation. “It started with the money center banks,” he continued. “This pushed us to regional banks for our latest projects, but then SVB happened.” The market froze.
“The lender for our latest 30-story project in a tier-one city backed out, so we scrambled, and spoke with well over 100 banks. Not one will provide financing.” His firm is a leader in their market niche. A strong track record.
“The Fed is going to have to inject liquidity and slash rates to break this financing freeze on new construction.” Not only have higher rates failed to push home prices down materially, but they are now reducing new supply.
“And here’s something I’ve never seen. When we start a new project, we take out a construction loan. We rush to finish the project, start renting the apartments, repay the loan, and refinance at a lower rate.” The new loans typically have less risk and thus a lower rate than the original construction loans, which are structured with 3yr maturities plus an option to extend for 2yrs.
“But now, we have legacy construction loans with a 4.0%-4.5% interest rate, and we’ll extend those out for the full five-year term even though the projects are complete. If we paid them back and refinanced with permanent debt, the rates would probably be 6.5% fixed with no pre-pay option or 8.5%-9.0% floating. There’s no way anyone is going to pay back those low-rate loans that were originated before the hiking cycle.”
This is a new dynamic for banks. Their low-rate loans are being extended at the same time their deposit base is shrinking.
“We developed properties right through the 2008 cycle. What’s unfolding now is something else, new construction is going to hit the wall. The dramatic pace of interest rate increases has flipped everyone upside down,” he said, well positioned. “Happy to sit on vacant lots. I can be patient.”
Tyler Durden
Sun, 04/23/2023 – 19:30 - Florida LGBT Group Cancels Pride Parade After City Says No Kids Allowed
Florida LGBT Group Cancels Pride Parade After City Says No Kids Allowed
Well…this is awkward. The city of Port St. Lucie in southeastern Florida was scheduled to host a gay pride parade organized by the “Pride Alliance of the Treasure Coast,” but there was just one caveat – No kids allowed.
In accordance with legislation ready to be signed into law by Governor Ron DeSantis the city allowed the pride parade to take place but required all attendees to be 21 or older due the sexualized nature of the performances common during such events.
The Florida House has sent a bill to Desantis that is set to ban children from attending adult-oriented performances, including drag shows. The bill defines “adult live performances” as “any show, exhibition, or other presentation that is performed in front of a live audience and in whole or in part, depicts or simulates nudity, sexual conduct, sexual excitement, specific sexual activities, … lewd conduct, or the lewd exposure of prosthetic or imitation genitals or breasts.”
These rules would make the majority of pride parades a no-go for children given they violate nearly every item on the list.
Strangely, rather than following the new requirements and ensuring that only adults over 21 attend the event, the Treasure Coast organization took to Facebook to announce that they would cancel the parade entirely. In other words, if they can’t have the kids, there’s no point to the parade. Their statement notes:
“The city has decided that with the likelihood that the Governor will sign the latest bill into effect this evening, that we will need to be on the side of caution and has required us to make this necessary change. We are obviously upset and dishearten[ed] that it has come to this. We also regret to announce that we will have to cancel our plans to bring back our beloved parade.”
The group suggests it will return with a more “family friendly” event in the future, though the question remains – Why cancel the previous event? Why not simply check IDs?
Dozens of states across the country are moving to ban children from sexual displays as drag shows for kids become the primary activist strategy for the political left. Trans activists claim the shows are about acclimating children to “acceptance and tolerance”, while opponents argue that the shows are about indoctrination with perhaps even darker underlying intentions.
It’s unfortunate that state governments need to legally intervene to protect children from these kinds of graphic demonstrations. Generally, one would expect parents to have the good sense to keep their kids away. But the existing ideological dynamic has made the sexaulization of children into a political tool, and so states like Florida are left with little choice.
Tyler Durden
Sun, 04/23/2023 – 19:00 - Taibbi: News Blackout In Effect
Taibbi: News Blackout In Effect
Authored by Matt Taibbi via Racket News,
An all-time media blackout is in effect. We’re experiencing real-time Sovietization.
Left, most recent search results for “Morell” in the New York Times. Right, Google News. It transpires that the infamous incident before the 2020 election in which 50 former intelligence officials signed an open letter declared a New York Post expose about Hunter Biden’s laptop to have the “classic earmarks of a Russian information operation” was instigated at the behest of the Joe Biden campaign. This at least is the allegation in a letter to Secretary of State Anthony Blinken released by Jim Jordan, chair of the House Judiciary Committee, and Subcommittee on the Weaponization of Government.
In that letter, which is not easy to find, you’ll see three snippets of dialogue from questioning of Morell, who appears to have organized the open letter. In the first snippet, he explains that the idea originated with a call from Blinken, then of the Biden campaign, and that absent that call, Morell wouldn’t have done what he did:
In the second snippet Morell bluntly explains that he did it because “I wanted him to win,” him being Joe Biden:
By any marker, this is an enormous news story. If we go by the usual measuring stick of American scandal, the Watergate story, this potentially meets or exceeds that, on almost every level. Does it reach into the current White House? Check. Was it a craven attempt to subvert the electoral process? Check again. Did a presidential candidate engineer a massive public deception? Yes, resoundingly. Did it involve intelligence agencies? Yes, and these weren’t amateurs like Nixon’s plumbers. These were 50 of the most powerful people in the intelligence world — including five former heads or acting heads of the Agency in Morell, John Brennan, Leon Panetta, Michael Hayden, and John McLaughlin — conspiring to meddle in domestic politics on a grand scale.
The seriousness of the actual laptop story, at least what’s been disclosed so far, is still not clear. I’ve long thought the suppression of it by Facebook and Twitter had clearer import, being a historic censorship first. However, if it can be proven that this “Russian Disinfo” whopper was laid on the public at the behest of the Biden campaign, with the aid of the intelligence community, that escalates things to a new level of scandal, far above the censorship issue.
Temporarily, however, that may be obscured by the absolute corruption of American media. Outside of conservative outlets, who naturally are eating it up, there were exactly two serious stories done about this on the national level in an appropriate response time. One was in CNN and was at least relatively down-the-middle, though humorously it did quote a Democratic Party spokesperson from the Weaponization Committee saying, “Jim Jordan has released cherry-picked excerpts of a transcribed interview.” The same Democrats from the same Committee also called my testimony “cherry-picked,” and also called the testimony of three FBI whistleblowers “cherry-picked.” The inevitable end-of-year Matt Orfalea “cherry-picked” video will be epic.
Subscribers to Racket can read the rest here…
Tyler Durden
Sun, 04/23/2023 – 18:30 - Florida Instacart Drivers Shot At After Driving To Wrong Address
Florida Instacart Drivers Shot At After Driving To Wrong Address
A pair of Instacart drivers in Florida’s Broward County say someone shot at them after they ended up at the wrong address trying to deliver groceries.
Waldes Thomas told NBC affiliate WTVJ that he and his girlfriend, Diamond D’arville were on the phone with the customer trying to find the delivery address, when they ended up at the wrong home. They say they saw a flashlight as they were about to drive off the property.
“He’s like, ‘Who are you?’ and we’re saying we’re with Instacart,” D’arville told the news station, adding that the man then got into his truck and pulled up behind them.
“I had seen him pull out a gun and that’s when I said, ‘We got to go, we got to go,'” said D’arvile, adding “I was scared, I’m not going to lie.”
D’arville said her car was hit several times. The couple said they decided to pull over about a block away from the home and called Davie police.
“We were there for Instacart, we were trying to tell him, and he went about it the wrong way — instead of just calling police, saying ‘I have trespassers on my lawn,’ he decided to shoot,” Thomas said.
Davie police told WTVJ that a gun did go off at a home on Southwest 178th Avenue but no injuries were reported. –WFLA
“(A detective) asked if we wanted to prosecute and we agreed to do that, but he said since they didn’t break any laws or do anything unlawful, they couldn’t do anything because we were on their property,” said D’arville, who says he wants the man who shot to be held accountable.
WTVJ “It’s just not right — even if you have a gun, I understand you’re trying to protect your family, but you don’t come outside shooting,” he said. “We’re telling you what we’re here, we’re trying to leave and you’re blocking us in, it could’ve just been on our way and they made it bigger than what it was.”
Tyler Durden
Sun, 04/23/2023 – 18:00 - Gov. Ivey Replaces Alabama Education Director Over 'Woke' Training Book
Gov. Ivey Replaces Alabama Education Director Over ‘Woke’ Training Book
Authored by Mimi Nguyen Ly via The Epoch Times,
Alabama Gov. Kay Ivey announced Friday she replaced the state’s director of early childhood education, due to the use of a teacher training book that Ivey said teaches “woke concepts.”
“The education of Alabama’s children is my top priority as governor, and there is absolutely no room to distract or take away from this mission,” Ivey said in a statement.
“Let me be crystal clear: Woke concepts that have zero to do with a proper education and that are divisive at the core have no place in Alabama classrooms at any age level, let alone with our youngest learners.”
The book of concern is the 881-page Developmentally Appropriate Practice Book, 4th edition, developed by the National Association for the Education of Young Children (NAEYC).
The book is a guide for early childhood educators but is not a curriculum taught to children.
Ivey spokesperson Gina Maiola said she understands that the books have been removed from the state classrooms.
According to a release from Ivey’s office, the governor directed Dr. Barbara Cooper, the secretary of the Alabama Department of Early Childhood Education (ADECE), to send a memo to disavow the book and discontinue its use after being alerted of concerning content in the book last week.
Ivey also decided to change leadership at the department, and accepted Cooper’s resignation “immediately,” the release stated. Meanwhile, Dr. Jane Hume has been appointed the interim secretary of the ADECE, pending Ivey’s decision about who will be the new department head.
Cooper was elected to the NAEYC’s national governing board in 2022. Her term ends in 2026.
“Governor Ivey remains appreciative for her service to the state and passion for early childhood education. In addition to expanding service to the number of four-year-olds, Dr. Cooper has helped put an increased focus on students in lower-performing areas and has even been a champion for computer science education in the state,” according to the release from Ivey’s office.
“However, Governor Ivey strongly believes that woke concepts have no place at any level of education in the state of Alabama and should not be taking away from the overall mission of improving educational outcomes for students.”
‘Woke Agenda’
Ivey’s office said that the governor is concerned about a “woke agenda” because the book “invokes ideas for teachers that there are ‘larger systemic forces that perpetuate systems of White privilege.’” It also promotes the idea that “the United States is built on systemic and structural racism.”
“Also included for four-year-olds to learn is that ‘LGBTQIA+ need to hear and see messages that promote equality, dignity, and worth,’” Ivey’s office stated.
“The glossary includes equally disturbing concepts that the Ivey Administration and the people of Alabama in no way, shape or form believe should be used to influence school children, let alone four-year-olds.“
Ivey’s office stated she “does not stand for these concepts.”
“For as long as she is governor, Alabama will be focused on ensuring our students are receiving a quality education.”
The NAEYC told multiple outlets that the book is a research-based resource for teachers.
“While not a curriculum, it is a responsive, educator-developed, educator-informed, and research-based resource that has been honed over multiple generations to support teachers in helping all children thrive and reach their full potential,” the NAEYC statement said.
According to a copy of the 881-page book obtained by The Associated Press, the book states: “Early childhood programs also serve and welcome families that represent many compositions. Children from all families (e.g., single parent, grandparent-led, foster, LGBTQIA+) need to hear and see messages that promote equality, dignity, and worth.”
It further states: “systemic and structural racism … has permeated every institution and system through policies and practices that position people of color in oppressive, repressive, and menial positions. The early education system is not immune to these forces.”
Tyler Durden
Sun, 04/23/2023 – 17:30 - 'Why Aren't Black Celebrities Talking About That?' – Bill Maher Asks Why Black People Are Killing Each Other In Cities Like Chicago
‘Why Aren’t Black Celebrities Talking About That?’ – Bill Maher Asks Why Black People Are Killing Each Other In Cities Like Chicago
HBO host Bill Maher has done it again, asking the third rail questions and saying the quiet part out loud.
The comedian and self-professed liberal said blasted Chicago Mayor-elect Brandon Johnson during his most recent show, saying that Johnson was “excusing horrific behavior” in a speech he delivered following several shootings in Chicagoland last week.
Maher talked about crime with Brown University economist Glenn Loury and international relations scholar Daniel Bessner in the context of Chicago electing a soft-on-crime mayor and shoplifting in New York City.
“Most of the shootings [in Chicago] are young black men killing other young black men. Is that not correct?” Maher asked.
“Yeah that’s correct,” guest Glenn Loury responded.
“Okay, much more than what the cops do. Why doesn’t anybody talk about that? Why aren’t there a hundred giant black celebrities who would have the respect of those people saying what are you doing to yourselves? Why are you killing each other?” Maher asked.
Loury, a black Chicago native and longtime commentator on racial issues, advocated for tougher prosecution and enabling cops to do their jobs.
“…it’s no way to live, this dishonors our community, come on, we’re better than this,” Loury said.
Bessner disagreed and said material wealth redistribution would be needed to reduce incarceration rates without condoning individual criminal behavior.
Maher responded to Bessner’s claims that giving people more money would reduce crime
“One in three children in America can not read at a basic level of comprehension. 85% of black students lack proficiency in reading skills. We already spent a lot of money on schools. So are you going to keep telling me that more money will fix this because I feel like this is much more connected to the problems of people who can’t read. Yes, they’re going to have problems with gainful employment and it seems like, you know, a lot of times the solutions that come from the left seem symbolic. They don’t seem like we’re addressing what really needs to be done which is get kids learning, get them reading, get them to have a job,” Maher said.
“It doesn’t seem like the money is getting to this problem if 85% of black students lack proficiency in reading skills,” he said.
Watch the full discussion below:
Tyler Durden
Sun, 04/23/2023 – 17:00 - Bovard: Spy Letter About Hunter Biden Shows How Dems Are Undermining Democracy
Bovard: Spy Letter About Hunter Biden Shows How Dems Are Undermining Democracy
In the closing address at last month’s Summit for Democracy, Secretary of State Antony Blinken piously proclaimed, “As President Biden has said, democracy doesn’t happen by accident… It requires constant effort.”
Or in the case of the 2020 election, it required deceiving American voters.
The House Judiciary Committee revealed that Blinken, then a top Biden adviser, orchestrated the letter from 51 top intelligence officials claiming that Hunter Biden’s laptop was nothing but a Russian disinformation campaign.
Blinken contacted former acting CIA chief Mike Morell, who swayed scores of other former top officials — including three ex-CIA chiefs — to sign that letter to debunk the biggest threat to the Biden presidential campaign.
In the final presidential debate on Oct. 22, Joe Biden invoked that letter from former intelligence officials to deflect Donald Trump’s attacks on Biden family corruption.
Polls show that Biden would have lost the election if the media had accurately reported the contents of that laptop.
Biden pretended that letter arose spontaneously from the patriotic sentiments of former officials.
But the letter was “triggered” by Blinken’s call to Morell, who then contacted his former colleagues.
Blinken’s ploy may have swayed Biden to appoint him secretary of state.
The media are mostly ignoring or downplaying the revelations of Blinken’s machinations.
If the roles were reversed, cable news and front-page headlines would be screaming about a villainous Trump operative pulling official strings to whitewash the Donald.
MSNBC would be howling about the death of democracy, and CNN hosts would be sobbing hysterically about the dirty deal.
But when Team Biden does it: nothing to see here, move along.
How many presidential elections can Democrats seek to dishonestly rig without suffering any penalty flags from media scorekeepers?
Shortly before the 2016 election, senior Hillary Clinton adviser Jake Sullivan peddled false claims linking the Trump Organization to Russia.
The Federal Election Commission last month levied a $113,000 fine on the Democratic National Committee and Hillary Clinton’s 2016 campaign for their deceptive funding to cover up their role in the Steele dossier.
The FBI, which was apparently willing to pay any price to defeat Trump, offered former British spy Christopher Steele $1 million in cash if he could prove the charges in that dossier before the 2016 election.
There was no proof — but that didn’t stop the FBI from using the dossier to get warrants to spy on Trump campaign officials from the Foreign Intelligence Surveillance Court.
Jake Sullivan is now Biden’s national security adviser.
Did he get that gig in part because of his willingness to lie for Democratic kingpins?
Avril Haines is Biden’s director of national intelligence.
Did signing the Hunter laptop letter help her snare that plum job?
The letter Blinken finagled would not have been so influential if journalists were not shamelessly docile to federal job titles.
Inside the Beltway, former intelligence kingpins are viewed like royalty or at least second-tier aristocracy.
But the CIA has a long record of secretly intervening in dozens of foreign elections.
In 2019, former CIA director Mike Pompeo summarized his agency’s motif: “We lied, we cheated, we stole. It was like we had entire training courses.”
Former CIA chief James Woolsey insisted in 2018 that the CIA intervenes in elections “only for a very good cause in the interests of democracy.”
Yet the letter from former spooks was instantly revered by journalists as if it were handed down from Mt. Sinai.
For the Washington political elite, defeating Donald Trump was the ultimate good cause to save democracy.
Biden talks as if his 2020 election victory was the result of practically a divine incarnation of the “will of the people.”
Unfortunately, presidential elections are irrevocable regardless of how many voters were conned.
How much official deceit can democracy survive?
Any notion of “informed consent” by voters is a mirage if federal agencies and former officials have the power to endlessly distort the news.
Shortly after he became secretary of state, Blinken boasted that the US government doesn’t sweep problems “under the rug. . . . We deal with them in the daylight, with full transparency.”
That pledge apparently did not extend to Blinken’s own tampering with the 2020 election.
What else is Blinken hiding, and when will the next shoe fall?
Tyler Durden
Sun, 04/23/2023 – 16:30 - Watch: Ron DeSantis Releases Hilarious Commercial Trolling Trans Athletes
Watch: Ron DeSantis Releases Hilarious Commercial Trolling Trans Athletes
From mediocre to champions…
Florida Governor Ron DeSantis displays a talent for trolling trans sports activists (specifically biological men claiming to be women) with a new commercial “congratulating” them on their impressive achievement of pushing women out of women’s sports.
The Desantis team has a new commercial honoring real men who are dominating women’s sports in a play on the old real mean of genius Bud Light commercials. Enjoy: pic.twitter.com/2WRfmva9AW
— Clay Travis (@ClayTravis) April 18, 2023
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Good work, guys! Show those women athletes who’s boss.
Florida has banned biological men from women’s sports since 2021 at all publicly funded institutions. At least 21 states have so far passed similar laws. Arguments on the political left range from claims that there are no physical advantages for biological males over biological females, to claims that barring trans athletes from women’s competitions could “lead to suicides.” So far, none of the assertions made by leftists or trans activists on the issue have proven legitimate.
Tyler Durden
Sun, 04/23/2023 – 16:00 - The Censorship Industrial Complex Is The Revolt Of The Elites
The Censorship Industrial Complex Is The Revolt Of The Elites
Authored by Leighton Woodhouse via ‘Public’ Substack,
The political establishment has constructed a new apparatus of control…
In 2002, the Bush administration, desperate to sell its planned invasion of Iraq to the American public, turned to the mainstream media. Every evening on Fox News, White House officials invoked Hitler allusions and implied fictitious ties between Osama bin Laden and Saddam Hussein.
Fox, however, allowed them to preach only to the converted. To forge a working national consensus, they had to reach doves as well as hawks.
So the Bush administration zeroed in on The New York Times. With reporter Judith Miller, they hit pay dirt. With breathless headlines such as “HUSSEIN INTENSIFIES QUEST FOR A-BOMB PARTS, Miller stamped the President’s mythmaking about aluminum tubes, mobile weapons labs, and Weapons of Mass Destruction with the imprimatur of her illustrious employer. So critical was her reporting to the spinning of American aggression as self-defense that it’s conceivable that the White House’s entire drive to war may have failed without it.
By the time Miller’s stories were exposed as so much laundered propaganda, they had served their purpose: American soldiers were already occupying Iraq.
The invasion of Iraq marked the last time the political elite would wield the power to mobilize an entire nation merely by manipulating a handful of journalistic elites. The era of mass media, during which just a dozen or so giant print and broadcast corporations enjoyed hegemonic control over the national public discourse, lasted about eighty years, beginning roughly a century ago, when modern television was born. The incestuous relationship between the government and the media during those decades was depicted in Steven Spielberg’s movie The Post, in which Defense Secretary Robert McNamara tries and fails to leverage his cozy relationship with Washington Post editor Katherine Graham to compel the media to fall in line with the government’s suppression of the Pentagon Papers. The story is heroic because it’s so unusual; Graham’s decision was the exception that proved the rule.
That era ended two decades ago, when social media networks emerged. About a year after the invasion of Iraq, Facebook was founded. The year after that YouTube was born; the following year came Twitter. With the cheap, targeted advertising their technology enabled, the new tech platforms destroyed the business model of the mass media. Unable to compete for advertisers, the media mammoths of the twentieth century floundered. The entire industry was thrown into crisis, bleeding revenue and laying off staff.
At the same time, social media began sorting news consumers into hyper-polarized digital silos, shattering the broad political center that the traditional media catered to and relied upon to sell advertisements to a mass audience. The New York Times, CNN, and even Fox News saw their broad national readerships and viewerships contract into smaller and evermore partisan echo chambers, even as ordinary people began to forge horizontal connections with one another online, exchanging information laterally. The public began generating their own, autonomous narratives about world events, typically cobbled together eclectically from reports by various news outlets, but beholden to none of them in particular. The power to shape the national narrative devolved downward, becoming increasingly fractured in the process.
This anarchic new media ecosystem has defined the public discourse ever since. For both elected politicians and the administrative state, it has constituted a perennial crisis. Bureaucracies manage populations by striking bargains with leaders; you can’t negotiate with a mob, much less a thousand of them. From the perspective of the state, this new information landscape was essentially ungovernable. An entire regime of social control, helmed by the most powerful politicians in the country in partnership with the titans of the media industry, was felled. In the age of social media that the new platforms jump-started, the state’s ability to control world events by playing reporters like Judith Miller like pawns on a chess board withered away, as the influence of the media corporations they worked for dissipated.
The political elite stumbled through this bedlam for two decades. But over that time, new gatekeepers emerged to replace those that had faded away with the decline of the mass media.
The state created a new apparatus of control over the public discourse, one whose existence most Americans are still oblivious to.
…
Today, we are witnessing the emergence of a new so-called emergency: the “disinformation pandemic.”
Like Oceania’s distant war with Eurasia, it’s an emergency concocted expressly to justify its proposed remedy: the erection and expansion of the Censorship Industrial Complex.
…
The defenders of the Censorship Industrial Complex regard themselves as ordained to rule.
They take for granted their right to dictate to us what we read, watch and hear, as we can’t be trusted to decide for ourselves.
To them, the public is a barbarian horde that, given an ounce too much freedom, will run amok, destroying all in its path.
These are the delusions of a political nobility. In the spirit of a democratic nation, they must be stripped of their crowns and never be allowed to wield power again.
* * *
Tyler Durden
Sun, 04/23/2023 – 15:30 - Watch: Boeing 737 Engine Catches Fire Over Ohio After Bird Strike
Watch: Boeing 737 Engine Catches Fire Over Ohio After Bird Strike
On Sunday morning, an American Airlines Boeing 737 jet took off from an airport in Colombus, Ohio, only to be struck by a flock of birds, resulting in one of its engines spewing fireballs, reported The National Desk. A dramatic video of the incident was shared on Twitter.
American Airlines flight 1958 to Phoenix, Arizona, took off from John Glenn International Airport just after 0740 local time. After being airborne for several minutes, the plane struck a flock of birds.
“American Airlines flight 1958, with service from Columbus (CMH) to Phoenix (PHX), returned to CMH shortly after takeoff due to a mechanical issue.
“The flight landed normally and taxied safely to the gate under its own power. The aircraft was taken out of service for maintenance and our team is working to get customers back on their way to PHX. Safety is our top priority and we thank our customers for their understanding,” American Airlines, who operated the plane and flight in question, wrote in a statement.
Here’s the video of fireballs coming out of the 737’s right engine.
American Airlines Boeing 737-800 (N972NN, built 2015) safely returned to land at Columbus-Intl AP (KCMH), OH after flames and smoke was seen coming from the right engine. Flight #AA1958 to Phoenix landed back on runway 28L 25 minutes after take-off. No one was hurt. @Cbus4Life… pic.twitter.com/YsAxsJ3D1O
— JACDEC (@JacdecNew) April 23, 2023
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Flight tracking website Flightradar24 shows the plane made a giant loop around the Colombus metro area before safely returning to the airport.
Emergency crews were dispatched to the American Airlines jet when it landed.
#AA1958: post landing images are showing traces of bird impacts on the #2 engine cowling and right wing leading edge. @GreaceMonkey98 pic.twitter.com/SVsGZjvkta
— JACDEC (@JacdecNew) April 23, 2023
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A person on the ground told Daily Mail the plane’s right engine sounded “as if it was about to give up.”
Tyler Durden
Sun, 04/23/2023 – 15:00
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