Today’s News 3rd September 2022

  • Boost Election Integrity Now
    Boost Election Integrity Now

    Authored by Paula Stern & Robert Kueppers via RealClearWire,

    With the selection of candidates mostly complete, Labor Day marks the traditional start of the 2022 fall mid-term election season. With the nation facing historic economic, social, and geo-political challenges, the stakes are high for the control of Congress. Confidence in the integrity of the election is essential, given that the outcome may continue to mirror the razor-thin margins in Congress today.

    Polls are indicating that Americans are losing confidence in the integrity of our elections. Such a decline in voter confidence is dangerous to the fabric and effectiveness of our democracy. It is incumbent upon public and private sector leaders to act quickly to restore Americans’ confidence in the integrity of our elections. Ensuring a credible election is a shared responsibility.

    Here are 10 steps we should take to ensure that our elections are not only secure but also accessible and credible.

    1. Have a voter-verified paper trail. Require paper ballots to assist with audits and recounts and ensure that all voting machines produce a paper record of ballots cast.

    2. Start counting sooner. To help achieve a quick count as more citizens employ different ways to vote, states should both start counting early ballots before Election Day. This will increase confidence that the vote count is credible and secure. 

    3. Modernize and secure voting equipment. While many jurisdictions have modernized their voting equipment, too many state and local governments have underinvested in it over the past decade, raising fears that their systems can be compromised. At a minimum for this election, all components of election equipment capable of connection to the internet should be disabled and rendered unusable. By 2024, no election equipment should be capable of any connection to the internet at all.

    4. Make sure people are adequately trained to perform their role. Election administrators should prioritize recruiting and training poll workers to ensure elections run smoothly.

    5. Employ credible audits. Rigorous, nonpartisan audits can raise confidence in elections. Virginia’s audit of two districts in its 2021 House of Delegates elections, for instance, found that there was a 99.743 percent likelihood that the result in the district studied was correct — and only a .00256293556 percent chance that it was wrong.

    6. Make voting accessible. States should promote access to the polls by providing at least 10 days of early voting, including some evening and weekend hours. They should also ensure a sufficient number of polling places so that in-person voters do not have to wait in long lines that discourage turnout.

    7. Protect election administrators. Action on the state and local level, including the enforcement of federal laws against voter intimidation, will help ensure that those who administer elections, from precinct workers to state election officials, and voters are free from harassment or intimidation. The US Election Assistance Commission has developed a helpful resource for election official security, including guidelines on what constitutes harassment and how to report incidents. Reporting harassment will help support the Department of Justice’s task force, which will partner with and support U.S. Attorneys’ Offices and FBI field offices to investigate and prosecute these offenses where appropriate.

    8. Modernize the Electoral Count Act. Congress should act quickly to update the Electoral Count Act of 1887, which regulates how Congress counts the states’ electoral votes for president. There is a strong vehicle to do so: A bipartisan group of 16 Senators has introduced legislation which would raise the threshold for raising challenges to a state’s electors, and confirm that the vice president has a ceremonial role in counting electoral votes, among other provision.

    9. Beef up security funding for elections. Since 2017, the Department of Homeland Security has treated election systems as critical infrastructure, just as water and electrical systems are. In line with this, Congress should increase resources, including clear cyber hygiene guidance, for state and local governments to strengthen both physical- and cyber-security efforts for this election — and for the next cycle.

    10. Business must play a role. In early 2022, the annual Edelman Trust Barometer, an important study across 28 countries measuring popular trust in institutions such as business, government, and the media, concluded that business emerged as the most trusted institution. It should leverage that role in the interest of promoting secure and credible elections, including initiatives to give time off from work to vote or to serve as nonpartisan observers at polling places, inform workers of rules and changes in polling places and voting requirements in the communities where they operate, and provide sources for accurate information.

    These are strong steps to promote secure, credible, and accessible elections. But time is short. Public policy leaders, in concert with business leaders, must move quickly to adopt these steps, both for this cycle and the fast-approaching presidential election in 2024.

    *  *  *

    Paula Stern is former chairwoman of the U.S. International Trade Commission (ITC) and founder and president of The Stern Group. Robert Kueppers is Former Senior Partner, Global Regulatory & Public Policy, Deloitte LLP. They are Trustees of the Committee for Economic Development of The Conference Board (CED) and co-chair CED’s Sustaining Democratic Institutions Committee.

    Tyler Durden
    Fri, 09/02/2022 – 23:40

  • These Are The Most Popular Fast Food Brands In America
    These Are The Most Popular Fast Food Brands In America

    Ever since the McDonald brothers created the concept of fast food in 1940, the restaurant’s golden arches have continued to beckon customers to its quick, cheap, and tasty meals.

    McDonald’s is still the most popular fast food brand in America today – with $46 billion in systemwide sales last year.

    This graphic by Visual Capitalist’s Avery Koop uses data from a report on America’s top 50 fast food chains by Quick Service Restaurant (QSR) Magazine. The popular brands are sized by their 2021 systemwide sales and broken down into six broad categories: Burger, Chicken, Snack, Pizza, Sandwich, and Global.

    Note: a number of these figures are estimates. Unofficial figures are noted in the graphic with an asterisk.

    The Most Popular Fast Food Companies

    It’s indisputable that McDonald’s is America’s favorite fast food restaurant, if not the world’s. McDonald’s sales are almost double the second the place restaurant’s, Starbucks—totaling $46 billion compared to the coffee shop’s $24 billion.

    Here’s a closer look at the numbers:

    Most of the top 20 restaurants are extremely well known, like Chick-fil-A in third place and Taco Bell in fourth. Some of these chains, however, will be unrecognizable depending on which part of the U.S. you live in. While Bojangles is ubiquitous in the Southeast, for example, many on the West Coast may have never heard of it.

    Some of the lower ranking restaurants include Shake Shack (#45), White Castle (#50), and the Canadian-founded Tim Hortons (#47).

    Fast Food Industry Trends

    America’s fast food industry is expected to generate $331 billion in sales in 2022, and many restaurants are capitalizing on trends shaped in part by the pandemic.

    Fast food companies are already somewhat ideal for pandemic conditions with drive-thrus, fast service, and a model that doesn’t encourage sitting down to eat.

    Looking to the future, Starbucks, for example, has claimed 90% of its new stores will feature drive-thrus. Digital sales and transactions that limit contact, making fast food even more quick and convenient, are growing as well. Starbucks’ mobile order service has grown 400% over the last five years. And in 2021, the delivery side of their business grew 30% year-over-year, according to the QSR report.

    Additionally, the report featured 50 up-and-coming fast food companies to watch in the industry. Here’s a look:

    Some of these are well-established fast food joints that are simply growing their sales, like Cinnabon, while others are newer to the scene.

    America’s Favorite Fast Food

    Using the ranking’s food categories, we calculated the total sales in each category from the top 50 to figure out which foods are America’s favorites. The winner is evidently burgers, with $92.2 billion in collective sales. Here’s a look at the breakdown:

    Sales at Burger restaurants were more than double the runner-up, which was Snacks. After all, nothing is more American than a classic hamburger and fries.

    Tyler Durden
    Fri, 09/02/2022 – 23:20

  • The World Of Tomorrow: Seven Trends In Bitcoin Mining And Energy
    The World Of Tomorrow: Seven Trends In Bitcoin Mining And Energy

    Authored by Ruda Pellini via BitcoinMagazine.com,

    Bitcoin could enable humanity to take the next step in energy production and usage through the capabilities it unlocks…

    The world is no longer the same – it is constantly changing. And this transformation is happening increasingly faster. In reality, the “new normal” is a constant transformation and the only certainty is change.

    The Information Age arrived and with that several concepts had to be updated so as not to be destroyed by the new. Paradigm shifts are taking place all around us and anyone who doesn’t understand this will quickly fall behind.

    The changes that bitcoin has already brought and will continue to bring to the world are not just monetary. We are facing a new energy revolution as well. And anyone who doesn’t keep up to date with new trends will be disrupted.

    Thinking in this context, I have separated seven trends in the energy market to help you anticipate what is on the horizon and approaching quickly.

    1. RENEWABLE ENERGIES WILL BE WIDELY ADOPTED

    The transition to renewable energy has reached a point of no return. As time goes on, this sector will become increasingly efficient. Today, in appropriate places, wind and solar energy are already the cheapest and most efficient ways of generating energy.

    With popular pressure for a cleaner energy matrix and more investment in research, this trend will intensify.

    Another issue is that the perception that fossil fuels are stable sources of energy has suffered a setback with the invasion of Ukraine and its aftermath. While the generation of renewable energy can usually be done at or near consumption points, oil and natural gas depend on major global producers, a complex supply chain and are more influenced by geopolitics.

    The only fossil energy source that tends to remain competitive in the medium term as a form of energy generation is natural gas.

    Image source

    2. RENEWABLE ENERGY GENERATION OPERATIONS WILL BE MULTIMODAL

    A significant portion of energy production in Brazil is hydroelectric. In addition, in the country there are several reservoirs which are basically flat surfaces and, as Brazil is a tropical country, they have a high rate of sunlight.

    In the future, these reservoirs will be used as solar generation parks and will be integrated into the hydroelectric substation, which will allow the integration and transmission of this generated energy to the electrical grid. In windy places, wind turbines will also be installed, further increasing the use of the enterprise. This logic does not apply only to Brazil, but to any countries where wind and solar energy are viable in the same region.

    3. DISTRIBUTED GENERATION WILL BE WIDELY ADOPTED

    Until the beginning of the last decade, there was no distributed energy generation around. Since then, this form of generation has seen exponential adoption. This trend will continue for a long time, as penetration of this form of generation is still incipient.

    In the future, individual consumers will be able to install their own solar panels on the roof of their homes or join small cooperatives, such as condominiums or clubs, and build small generators for electricity.

    Image source

    In 2009, humanity invented a technology that allowed the monetization of stranded energy. The name of that technology? Bitcoin mining. Thanks to this process, it is now possible to convert energy into money, regardless of where that energy is located.

    A clear example of this stranded energy monetization process is, “the burning of natural gas associated with oil exploration,” AKA flaring. Currently, most of this surplus gas is flared because it is not economically viable to use it. With bitcoin mining, this scenario has changed and there is a great tendency for this gas to be used to fuel bitcoin mining operations.

    With that, a gas that was wasted became monetizable. An example of this logic is Exxon starting a pilot bitcoin mining project in 2021.

    This same logic can be applied to any other form of minimally accessible stranded energy, such as, for example, with biogas and from dumps and landfills.

    5. ELECTRIC GRIDS WILL BECOME MORE ROBUST AND ENERGY WILL BECOME CHEAPER FOR THE CONSUMER

    Currently, electrical grids are designed to produce energy to meet peak demand. However, there is no viable way to store this energy and it is idle at most times when demand is not at its peak.

    As a way of monetizing surplus energy, bitcoin mining allows for the construction of oversized networks. These networks will not need to be anchored to calculations that focus on avoiding waste and targeting the moment of peak demand, which always incurs a risk of miscalculation and blackouts.

    A consequence of this logic is that without the need to charge the final consumer for the production of surplus energy, the price of energy will decrease considerably.

    6. BITCOIN MINING AND ENERGY SECTORS WILL MERGE

    We currently think of bitcoin mining and energy sectors as two independent sectors, but in the future they will merge.

    The characteristics of bitcoin mining make this activity attractive for the energy sector, which is observable in its incipiency. The logic presented in the item above implies that power generators will adopt bitcoin mining as a way to monetize their idle energy.

    7. HUMANITY’S ENERGY GENERATION CAPACITY WILL INCREASE SIGNIFICANTLY, AND WITH IT THE DEGREE OF HUMAN PROGRESS

    The consequences of the existence of a technology that makes it possible to monetize idle and stranded energy are broad and profound.

    Currently, human beings fail to take advantage of a significant portion of the energy they produce because it is not feasible to transport and store this energy. Thanks to bitcoin mining, this logic will be reversed.

    Several energy sources in remote locations will become economically viable. Two clear examples of this are:

    • Deserts, places with huge potential for generating solar energy.

    The absence of a consumer market near these locations prevented these energy sources from being used by humanity. With the invention of a technology that allows the monetization of idle energy, this dynamic has changed.

    This also implies that the increase in demand for solar panels, wind turbines and other materials needed for energy generation will generate more research and innovation in the sector and, consequently, make this equipment cheaper.

    THE THIRD ENERGY REVOLUTION

    Finally, it is worth remembering that energy is the only universal currency. In other words, there is no poverty, but energy poverty. Likewise, having access to more energy will unlock a great revolution in humanity.

    Our species has already made two major evolutionary leaps related to unlocking different ways of using energy:

    1. When we mastered fire and learned to cook, we started to ingest more calories in less time and with that our brain developed.

    2. When we started to access energy stored and concentrated over millions of years by geological processes, the so-called fossil fuels, we became an industrial society and our population exploded.

    The monetization of idle and stranded energy capacity, whether solar in deserts, winds or geothermal potential on volcanic islands, will allow us to take the third evolutionary leap in terms of energy use.

    The world of tomorrow will be a world with an abundance of energy, and therefore, an abundance of resources.

    Tyler Durden
    Fri, 09/02/2022 – 23:00

  • New ATF Document Reveals Gun Owners Who Own 'Pistol Braces' Could Be Forced To Register
    New ATF Document Reveals Gun Owners Who Own ‘Pistol Braces’ Could Be Forced To Register

    Readers know the Biden administration has weaponized the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) to wage war on law-abiding gun owners and manufacturers.

    AmmoLand News reported the latest move by the ATF could force law-abiding gun owners who own pistol braces to register them with the federal government. 

    The plan (or request) for a registry of pistol braces was buried within a document about a budget justification from the ATF to the Office of Management and Budget (OMB). Here’s what the document says:

    Due to the upcoming Amnesty Registration of Pistol Brace weapons, photos of the weapon being registered will be required to prove the weapon does utilize a pistol brace in its configuration and would qualify for an amnesty registration.”

    “Our ATF inside sources have told AmmoLand News that the ATF was planning for an amnesty period where gun owners would be able to register their braced pistols as short-barreled rifles (SBR) and that it is expected they will receive a free tax stamp,” AmmoLand’s John Crump said. 

    Ammoland believes there are roughly four million pistol braces in the US, while gun blog website Silencer Central has the figure between three and seven million. 

    The Biden administration has requested the ATF to redefine the definition of a firearm and change rules surrounding pistol braces. 

    Democrats have rushed to try and ban anything guns or gun components. Democratic Rhode Island congressman David Cicilline told members of a House Judiciary Committee this summer that pistol braces turn “weapons into automatic weapons” and said, “it becomes a bump stock.”  

    Republican congressman Thomas Massie responded to Cicilline’s ridiculous claims, indicating braces are neither a bump stock nor make the weapon fire faster. Instead, it’s to shoot more accurately for stabilization purposes. 

    Here’s the full exchange between the Democrat and Republican lawmaker. It just shows how uninformed Democrats are about guns. 

    “The final pistol stabilizing device rule has not been unveiled. Based on this budget request and information from our sources, it seems to include a registry,” Crump concluded, adding the new rule could be unveiled by December of this year, which would mean millions of law-abiding gun owners who own braces would have to file sometime next year.

    Remember, we’ve told readers the ATF has a secret database of “nearly a billion gun records.” The purpose of any registry on a long enough timeline is confiscation. 

    Tyler Durden
    Fri, 09/02/2022 – 22:40

  • Real Deterrence Of China Will Be Uncomfortable
    Real Deterrence Of China Will Be Uncomfortable

    Authored by Jennifer Bradley via RealClear Wire,

    The pace of China’s nuclear modernization has been described as breathtaking by Adm. Charles Richard, commander of U.S. Strategic Command. The increased size and sophistication of the capabilities being developed make them a strategic threat to the U.S. and its allies. Along with that threat comes the uncertainty around how large China plans to grow its force. 

    To deal with this threat, it is tempting to reach for the Cold War playbook and enhance deterrence. Arms control negotiations and agreements played a pivotal role in reducing risk, increasing transparency, and promoting stability between the United States and the Soviet Union. But China is not the Soviet Union, and arms control will not address this threat.

    For arms control to be effective, at least two parties must be willing to negotiate. Unfortunately, China is not. Beijing has steadfastly refused to even entertain the idea of joining any nuclear arms control negotiations. It remains opaque on its current nuclear capabilities, its intentions for its nuclear modernization program, and any changes in nuclear doctrine its leaders may be contemplating. It is easy to point to the disparity in the size of China’s nuclear arsenal compared to those of the United States and Russia, but to understand China’s resistance to nuclear arms control, it is imperative to examine its strategic culture.

    Understanding the context

    The late Colin S. Gray wrote, “Policy and strategy will be influenced by the cultural preferences bequeathed by a community’s interpretation of its history as well as by its geopolitical-geostrategic context.” Assessing strategic culture provides a method for understanding the behavior and decision-making of states, while also guarding against one’s own ethnocentric biases. Examining China’s strategic culture offers insight into its consistent and strong resistance to nuclear arms control negotiations that the United States continues to advocate for. 

    A preference for secrecy and deception is a key component of Chinese strategic culture that influences its national security policy development. The importance of deception is emphasized in both classical and contemporary Chinese military writings. Sun Tzu, one of the most well-known classical Chinese strategists, stated, “All warfare is based on deception.” But the core components of secrecy and deception as beneficial strategic concepts are peppered throughout modern Chinese strategy documents. They are referred to as methods for enhancing deterrence, or for gaining advantage should deterrence fail. Even Deng Xiaoping’s famous twenty-four-character strategy contained the essential directives to “hide our capacities and bide our time,” relying on secrecy and deception to achieve China’s strategic objectives.

    Arms control, in order to be successful, requires a verification regime to ensure that treaty signatories are meeting their obligations. This need for verification is in direct conflict with Chinese cultural preferences for secrecy and deception. Skeptics may counter that China has participated in many other arms control regimes in the past, including the Nuclear Non-proliferation Treaty and the Biological Weapons Convention – and it has signed the Comprehensive Test Ban Treaty, although it has not ratified it. Participating in these treaty organizations bolsters China’s image as a responsible international stakeholder, but secrecy and deception have also influenced Beijing’s involvement in these treaty regimes: China’s record on proliferation runs counter to its obligations under Article I of the NPT, the BWC does not have a formal verification regime that China has to adhere to, and though adherence to the CTBT is voluntary, a report published by the U.S. State Department in 2020 suggests that China has repeatedly blocked the flow of data from International Monitoring System stations used to monitor nuclear testing activity calling into question activities at China’s Lop Nur test sites. 

    In other words, even as China benefits from the prestige of membership in these arms control regimes, it also subverts its obligations. It is not subject to verification requirements and maintains the ability to hide illicit behavior.

    How to maintain real deterrence

    If arms control is not a viable solution to address the risk of China’s strategic breakout, then what path should the United States take? Due to the uncertainty and increased risk caused by China’s actions, the United States must hedge against this threat. A hedging strategy is a prudent course of action to reduce risk, strengthen deterrence and assure allies of U.S. commitment to security obligations. 

    An effective hedging strategy will ensure that the recapitalization of the U.S. nuclear force remains funded and on track. It will promote flexibility of U.S. nuclear capabilities to guarantee the ability to respond to any level of escalation by our adversaries. This flexibility requires continued commitment to the nuclear-armed Sea-Launched Cruise Missile (SLCM-N) in order to compete with capabilities that both China and Russia are developing. Finally, a hedging strategy will not reduce the role of nuclear weapons in national security unilaterally, especially as both China and Russia are increasing the prominence of nuclear weapons in their strategies. These measures are not akin to an arms race, but rather they ensure that the U.S. nuclear force is ready and reliable, and that our adversaries believe it poses a credible threat.  

    The nuclear threat posed by China is growing – how much so will remain unclear, because of its cultural preferences. This requires the United States take prudent measures to enhance deterrence of China, in ways tailored to this threat and this century, not the last. The uncertainty caused by the growing Chinese threat is uncomfortable – but deterrence has always been an uncomfortable proposition. It relies on convincing adversarial leaders with unique cultures, values, and worldviews that restraint is in their best interests. During the Cold War, leaders in the Soviet Union decided that arms control served their own national security, and the treaty regimes reduced tensions and enhanced deterrence. But until China’s leaders reach that same conclusion, the United States must become comfortable with being uncomfortable. A hedging strategy to ensure our deterrent remains robust and credible will ensure that China remains uncomfortable as well. 

    *  *  *

    Jennifer Bradley is a Senior Deterrence Analyst at U.S. Strategic Command. The views represented are those of the author and do not represent U.S. Strategic Command, the Department of Defense, or the U.S. Government.

    Tyler Durden
    Fri, 09/02/2022 – 22:20

  • Taiwanese Billionaire Puts Up $32 Million To Train Army Of 'Civilian Warriors' Against Chinese Invasion
    Taiwanese Billionaire Puts Up $32 Million To Train Army Of ‘Civilian Warriors’ Against Chinese Invasion

    The founder of a major microchip producer has reinstated his Taiwanese citizenship and pledged to spend $32 million of his own money to train “civilian warriors” to prepare for a Chinese invasion.

    United Microelectronics founder Robert Tsao, center, after announcing his plans for a civil defense force in Taiwan. Photograph: Ritchie B Tongo/EPA

    Wearing a bulletproof vest, billionaire Robert Tsao, founder of United Microelectronics Corp, announced at a Thursday press conference that the Chinese Communist Party’s threat to Taiwan was growing. The 75-year-old says he plans to train “three million people in three years,” and will work with the island’s civilian defense organization – the Kuma Academy.

    “Given the Chinese Communist Party’s record of atrocities against its own people and its brutal domination of those like the Uyghurs who are not even Chinese, the CCP’s threats have only ignited among the Taiwanese people a bitter hatred against this threatening enemy, and a shared determination to resist,” he said in a prepared statement.

    “I am back in Taiwan, and I will die in Taiwan. I will not watch the CCP turn Taiwan into another Hong Kong,” he said during his speech in Taipei.

    According to the Guardian, 60% of the funds would go towards the army of “warriors,” while 40% would be to train another 300,000 in how to shoot.

    If we can successfully resist China’s ambitions, we not only will be able to safeguard our homeland but make a big contribution to the world situation and the development of civilization,” he said.

    Tsao was formerly an active supporter of unifying Taiwan with China, and had renounced his Taiwanese citizenship in protest against a government investigation of his company. However, he told Radio Free Asia that he had a change of heart after witnessing the crackdown on Hong Kong’s pro-democracy movement, particularly the Yuen Long MTR attack. On Thursday he also announced he had renounced his Singaporean citizenship and that his Taiwanese citizenship had been restored and he planned to “die in Taiwan and stand with its people”. -The Guardian

    Established in 2021, the Kuma academy is aimed at training Taiwan’s civilian population in guerilla warfare, self-defense, and first-aid skills.

    This goal is ambitious and the challenge is daunting, but Taiwan has no time to hesitate,” the academy said in a statement, citing efforts by the British after the second world war, as well as the Ukrainian response to the ongoing Russian invasion.

    The academy – which was approached by Taso after launching a fundraiser – said that the will of Taiwan’s people to resist a CCP invasion would “determine the outcome of the war.”

    “War is not a matter for a few people, and defending Taiwan is for every Taiwanese. Everyone has the ability and responsibility to contribute their own strength in the war.”

    Tyler Durden
    Fri, 09/02/2022 – 22:00

  • Megadrought Threatening Millions Of Americans With Loss Of Water And Power
    Megadrought Threatening Millions Of Americans With Loss Of Water And Power

    Authored by Katie Spence via The Epoch Times (emphasis ours),

    The Colorado River Basin meanders through seven U.S. states and supplies water to Lake Powell in the Upper Basin and Lake Mead in the Lower Basin. In turn, these reservoirs deliver water and power to millions of Americans.

    Photos of the Colorado River showing drought at the Overton Arm between 2000 and 2022. (Compilation of NASA photos)

    They’re also going dry.

    Indeed, on Aug. 16, 2021, the Bureau of Reclamation issued the first Level One Shortage Condition in the Lower Basin when Lake Mead fell below 1075 feet.

    Then, in March 2022, the bureau reported that Lake Powell fell below the target elevation of 3,525 feet for the first time since the 1960s.

    Lightning strikes over Lake Mead near Hoover Dam that impounds Colorado River water at the Lake Mead National Recreation Area in Ariz., on July 28, 2014. (John Locher/AP Photo)

    Pointedly, these drops threaten hydropower generation and municipal water needs for 40 million Americans.

    And while Congress has taken steps to address the flagging water supply, a 20-year megadrought and unsustainable allotments are hampering its efforts.

    In 1999, Lake Powell averaged a water elevation of almost 3,681 feet, and Lake Mead was almost near capacity at 1,220 feet near the dam.

    After more than 20 years of drought, the West has officially entered a megadrought (meaning 20 or more years), and Lake Powell’s water level is down almost 150 feet. Lake Mead’s water level is down nearly 176 feet.

    Indeed, the period from 2000 to 2021 was the driest on record for many states in the West.

    The United States Department of Agriculture (USDA) designated 63 out of 64 Colorado counties as natural disaster areas due to drought and declared natural disaster areas in several Wyoming counties.

    A dead fish sits on cracked earth above the water level on Lake Mead at the Lake Mead National Recreation Area, on May 9, 2022. (John Locher/AP Photo)

    In Mancos Valley, an area considered a Colorado agricultural utopia with cooler weather and “plenty” of water, streams ran at half the average flow, reducing water for hundreds of farmers and ranchers.

    Moreover, headwaters for the Colorado River Basin start in Colorado and Wyoming, meaning the lack of water didn’t just affect the two states.

    “Water conditions on the river depend largely on snowmelt in the basin’s northern areas [of Colorado and Wyoming],” states a Congressional Research Service report (CRS).

    Still, it could probably pull through if the megadrought was the only problem facing the Colorado River Basin. Unfortunately, federal and state mismanagement compound the megadrought, driving the river to the brink of disaster.

    Unsustainable Drains

    In 1922, the Basin States of Colorado, Utah, New Mexico, Nevada, Arizona, and California established the Colorado River Compact to release water from the lakes based on basin storage conditions.

    Specifically, under the compact, each basin is allocated 7.5-million-acre feet (MAF) per year—one-acre foot equals about 326,000 gallons—and a certain percentage goes to the Basin States based on water levels in the dams.

    At its peak, Glen Canyon Dam on Lake Powell can store 26.2 MAF, and Hoover Dam on Lake Mead can store 26.1 MAF, according to CRS.

    Lake Powell and the Glen Canyon Dam. (Beverly Mann)

    In 1944, the United States entered a treaty with Mexico to provide an additional 1.5 MAF from the basin to Mexico.

    Markedly, at the onset of the compacts, federal and state governments assumed that river flows would average 16.4 MAF per year, states CRS. But that turned out to be a deeply flawed assumption.

    From 1906 to 2020, the actual river flows averaged 13.9 MAF, but consumption and losses averaged approximately 15 MAF. Demand outpaced supply.

    Drought and Hydroelectric Plants

    According to the Department of Energy, hydropower is primarily used for ramping energy flexibility and represents less than 6.7 percent of U.S. electricity generation capacity.

    In other words, if an area relies on solar and exceeds capacity, or the sun sets, hydropower can “ramp up” energy production quickly—hydropower provides approximately 40 percent of black start resources (restoring a power station to operation without relying on the external electric power transmission network after a total or partial shutdown).

    It’s also considered one of the “cleanest” and “cheapest” forms of energy.

    However, hydroelectricity generation depends on funneling large amounts of water from elevated heights through power plants typically found inside dams, according to the Water Resources Research Center, making significant river systems a vital resource.

    Read more here…

    Tyler Durden
    Fri, 09/02/2022 – 21:40

  • Friday Humor: White House Takes Credit For Creating 10 Billion Jobs
    Friday Humor: White House Takes Credit For Creating 10 Billion Jobs

    It appears Common Core math has crept its way into the highest echelons of the Biden administration.

    On Friday, White House spox Karine Jean-Pierre attempted to actually answer a question – except, while her boss can’t read a teleprompter – Jean-Pierre apparently can’t read a binder when she’s not deflecting.

    When asked what she thinks about a variety of terrible metrics since Biden took office, she panicked and attempted to rattle off a list of economic accomplishments, which did not go well.

    “Under President Biden, student test scores has gone backwards, inflation has gone the wrong direction, workers’ real wages have come down. We’re seeing spending on programs and promised that at some point in the future, the transition will be over. What, in the last 20 months, where’s the progress?” asked Fox Business correspondent Edward Lawrence.

    After rattling off some broad brush strokes, Lawrence reiterates: “But inflation still outpaces wages,” to which Pierre turned to her trusty binder of accomplishments, where she noted that the White House has created “nearly ten-thousand million jobs,” which she bragged was “the fastest job growth in history – so you’re asking me ‘where’s the success?’

    Watch:

    Perhaps if you divide the number of jobs people have to hold down to make ends meet…

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    Clearly deflection is her strong suit.

     

    Tyler Durden
    Fri, 09/02/2022 – 21:20

  • Gates Left Open To Prevent Flooding Highlight Breaches, Weaknesses In Arizona's Wall With Mexico
    Gates Left Open To Prevent Flooding Highlight Breaches, Weaknesses In Arizona’s Wall With Mexico

    Authored by Allen Stein via The Epoch Times (emphasis ours),

    The Chevy pickup truck growled like a wary pitbull as it crept along the narrow dirt road parallel to Arizona’s southern border wall fence with Mexico.

    Sam, the owner of a private Arizona security firm, stopped the truck and put the gear in park.

    “We’re on the Roosevelt Easement right now,” he says bluntly. “The federal government owns this entire road.”

    Open gates give easy access to the United States for illegal aliens crossing from Mexico near Douglas, Ariz., on Aug. 24. (Allan Stein/The Epoch Times)

    Something, though, was glaringly out of place on Aug. 24.

    Three massive irrigation gates built into the steel border wall fence were open for anyone to walk through.

    Kyle, a security specialist in Arizona, stands in front of open floodgates along the Arizona border wall with Mexico on Aug. 24. (Allan Stein/The Epoch Times)

    On the Mexican side of the border wall, fresh water bottles lay on the ground, covered in dew. Someone had also left origami puppets with the words “Peace” and notes in Spanish and English in plastic zip-lock bags.

    “Look with compassion on the whole human family; take away the arrogance and hatred which infect our hearts; break down the walls that separate us,” the note read.

    Humanitarians leave water bottles, food for the illegals, and even children’s toys to pick up as they cross into the United States through the open gates, says Sam, the pseudonym he uses to protect his identity.

    “There’s another open gate “bigger than this one, down that way,” he says, pointing up the easement. “There are five or six gates like this”—all open.

    The Roosevelt Easement is a 60-foot-wife stretch of federal land spanning three U.S. border states, inlcuding Arizona. Here, the easement runs parellel to the border wall in Douglas, Ariz., on Aug. 24. (Allan Stein/The Epoch Times)

    “And this is the new wall Trump built. What sense does it make? How about closing the gates?”

    Sam believes the Roosevelt Easement is key to border security through enforcement from the federal level.

    The easement is a 60-foot-wide dirt road owned by the federal government along the U.S.-Mexico border, spanning nearly 2,000 miles across three of the four border states.

    In 1907, President Theodore Roosevelt established the federal easement with the intention of protecting border states against smugglers operating between the United States and Mexico.

    Border wall construction in Arizona stopped soon after President Joe Biden took office in 2021. Its projected construction cost was over $21 billion, requiring nearly four years to complete.

    A sign written in Spanish stands on the U.S. side of the border wall fence with Mexico near Bisbee, Ariz., on Aug. 24. (Allan Stein/The Epoch Times)

    Sam says the Roosevelt Easement is like a constitutional “no man’s land” where federal law enforcement could do the most good at preventing illegal immigration.

    In July 2020, the U.S. Bureau of Land Management announced the transfer of 65.74 acres of federal public lands in Arizona and New Mexico to the U.S. Army to aid the installation of power and utility infrastructure to support border wall security.

    On Aug. 24, much of that infrastructure appeared incomplete along the portion of easement between Bisbee and Douglas.

    Sam tells The Epoch Times that thousands of illegals pass easily through breaches in the wall each month with little to stop them.

    Signs written in Spanish greet the migrants with an emergency phone number to call. “No Trespassing” signs are written in English.

    “I tried to push one [gate] shut. It’s pretty hard to shut,” says Kyle, Sam’s security specialist, riding in the truck’s passenger seat. “They would be damned secure if they were [kept] shut.”

    “There are people here that are tired of the bull,” Sam adds. “People aid the cartels and the migrants because they’re migrants themselves.”

    Further up the road, a lone U.S. Border Patrol officer sat in a pickup truck, watching as we approached.

    “Why are the irrigation gates kept open?” an Epoch Times reporter asked.

    The officer responded that the gates stay open during monsoon season, allowing water and debris to wash through and prevent flooding.

    “But doesn’t that make it easy for migrants to cross into the United States?” the reporter asked.

    The officer nodded and said the location has been “somewhat active” with illegal crossings.

    A large gap in the border wall fence provides easy access for illegal migrants crossing into the United States from Mexico near Douglas, Ariz., on Aug. 24. (Allan Stein/The Epoch Times)

    As we moved further up the easement, we found more open gates and even strips of camouflage fabric caught in barbed wire, signs of illegal crossings.

    “Whoever was hauling backpacks got hung up on here,” Kyle says.

    Illegals purchase camouflage backpacks and other necessities at makeshift stores along the human smuggling routes run by the Mexican drug cartels. It’s kind of like a mini-retail chain, Kyle says.

    Sam says many illegals would stop coming if law enforcement had the manpower and resources to intercept them and send them home.

    Read more here…

    Tyler Durden
    Fri, 09/02/2022 – 21:00

  • The Race For The Moon Continues
    The Race For The Moon Continues

    Engine trouble led to the postponement of NASA’s Artemis 1 mission earlier in the week, but is now scheduled to launch tomorrow afternoon. The flyby is scheduled to be the start to a new program of U.S. government lunar missions almost exactly fifty years after the Apollo project, which landed the first humans on the moon, ended. Since then, no manned missions have visited Earth’s closest companion in space.

    As Statista’s Katharina Buchholz details below, Artemis 1 will be the first of three missions that are aiming to put a person back on the moon by 2025.

    Not only in the U.S., race for the moon is starting anew as several more countries and private companies have announced lunar missions.

    Infographic: The Race for the Moon Continues | Statista

    You will find more infographics at Statista

    After the successful landings of Chinese probes Chang’e 3 in 2013, Chang’e 4 in January 2019 and Long March 5 in 2020, who will be the next space agency or company succeeding in reaching the moon? Our graphic gives a rundown of the main lunar missions announced to-date. Given the uncertainties of space flight, the dates may be subject to change.

    After two failed mission by the Israeli private company SpaceIL in April 2019 and the Indian space agency ISRO in July of that year, the next soft landings on the moon are scheduled by U.S. companies Astrobotic Technology and Intuitive Machines, which are planning to bring landers and rovers to the moon towards the end of this or the beginning of next year as part of NASA’s Commercial Lunar Payload Services program that has been giving out contracts to companies to develop capabilities to fly to the moon’s South pole which is interesting for resources utilization. Japanese company iSpace is also planning to launch its Hakuto lander later this year, which will place the Rashid rover developed by the United Arab Emirates Space Agency on the moon in early 2023.

    Amidst global upheaval following Russia‘s invasion of Ukraine, the country’s first launch from its resurrected moon program Luna is believed to have been delayed to the coming year at least. The lander mission was originally scheduled to be followed up by a orbiter in 2024 and a manned mission to the moon’s orbit in 2029. The space agencies of Japan and India are also reaching for the moon in 2023 with one lander mission each. Turkey wants to reach the moon as well that year, albeit with an easier impactor mission. A soft landing is scheduled to follow by 2028.

    New launches from China and the European Space agency are expected in 2024 and 2025, respectively, and focus on resources utilization concepts, as does NASA’s Viper rover program that will be realized in cooperation with private companies starting in 2024. In addition, NASA and ESA are scheduled to begin work on a space station in lunar orbit the same year.

    South Korea already got a head start for its lunar program with the successful launch of a lunar orbiter in early August which is currently on the way to the moon. The country wants to achieve a soft landing on the moon by 2030.

    Tyler Durden
    Fri, 09/02/2022 – 20:40

  • The Pandemic Did This? New York Times Fails Fact Check
    The Pandemic Did This? New York Times Fails Fact Check

    Authored by Debbie Lerman via The Brownstone Institute,

    Yesterday, September 1, 2022, The New York Times had a front page story entitled: “The Pandemic Erased Two Decades of Progress in Math and Reading.”

    The first paragraph states that “National test results released on Thursday showed in stark terms the pandemic’s devastating effects on American schoolchildren, with the performance of 9-year-olds in math and reading dropping to the levels from two decades ago.”

    Further down, the article says: “Then came the pandemic, which shuttered schools across the country almost overnight” and “experts say it will take more than the typical school day to make up gaps created by the pandemic.”

    The definition of a pandemic, according to the Bulletin of the World Health Organization (ref: Last JM, editor. A dictionary of epidemiology, 4th edition. New York: Oxford University Press; 2001) is “an epidemic occurring worldwide, or over a very wide area, crossing international boundaries and usually affecting a large number of people.”

    According to the Association for Professionals in Infection Control and Epidemiology, “an epidemic occurs when an infectious disease spreads rapidly to many people.”

    Thus, a pandemic is a disease that spreads rapidly to many people all over the world.

    Based on this pretty much universally accepted definition, a pandemic can do exactly one thing: it can spread disease to many people around the world.

    What can a pandemic NOT do?

    A pandemic cannot impose mandates or lockdowns.

    A pandemic cannot block borders or force people to stop traveling.

    A pandemic cannot shutter schools – overnight or otherwise.

    A pandemic cannot impact math and reading.

    A pandemic cannot cause learning gaps.

    What can our response to a pandemic do?

    If we decide to shut down schools for months and years on end in response to a pandemic, then it is our response that has caused whatever educational deficits and devastation to children ensue. It is not the pandemic.

    In case there’s any doubt that the effects of a pandemic are separate and distinct from society’s response to the pandemic, we can take a look at Sweden, where schools were never shut down, and where there was no learning loss (ref) and much less devastation to schoolchildren than in countries that closed schools (ref) during the Covid pandemic. 

    Blaming the pandemic for anything other than disease and/or death is misinformation.

    The New York Times headline and article contain clear and uncontestable instances of misinformation.

    Here is the information from the article, stated in a factually correct way:

    US public health leaders and politicians mandated prolonged school shutdowns in response to the Covid pandemic, and these school shutdowns had devastating effects on schoolchildren, creating learning gaps and erasing decades of progress in math and reading.

    Tyler Durden
    Fri, 09/02/2022 – 20:20

  • Stop Freaking Out About Drinking Recycled Poo-Water, Expert Says
    Stop Freaking Out About Drinking Recycled Poo-Water, Expert Says

    The head of the UK’s Environment Agency says that people need to be ‘less squeamish’ about drinking “toilet-to-tap” water from treatment plants, as countries and states around the world move towards recycling sewage.

    According to a Sunday op-ed in The Times, Sir James Bevan writes that “drinking recycled sewage is the future.”

    “The recent rainfall hasn’t changed the underlying position in this country: many parts are likely to stay in drought for months, and if we have a dry winter then next year will be even more challenging,” Bevan writes. “We will need to be less squeamish about where our drinking water comes from. Part of the solution will be to reprocess the water that results from sewage treatment and turn it back into drinking water — perfectly safe and healthy, but not something many people fancy.”

    Bevan’s op-ed comes as US water supplies are under strain due to an ongoing, and worsening drought which has resulted in ten areas being given drought status by the Environment Agency.

    Because of this, he says that people simply need to “change the way they think about water,” and “treat it as a precious resource, not a free good.”

    “If we are going to get there, we are all going to have to think differently. Some of these measures will be unpopular, so future governments will need to show political will,” he said.

    Earlier this year, Singapore’s water agency launched a beer made with recycled sewage water in order to raise awareness over the country’s water security issues (and probably to mask the taste of poo).

    Last month we reported that Los Angeles County is considering a similar move to recycle wastewater to taps.

    “There’s been a public health legacy where sanitary engineering practices and regulators considered sewage a waste, it was something to be avoided, something to be feared,” said Brad Coffey of the Metropolitan Water District of Southern California. “Now that we have the technology … the public, the regulators, the scientific community has much greater confidence in our ability to safely reuse that water supply.”

    The plan hinges on the State Water Resources Control Bord, which legislators have tasked with developing a set of uniform regulations by Dec. 31 which would govern potable reuse.

    “This is going to be the future of L.A.’s water, the future of the state’s water supply,” said Gonzalez, who added that the Headworks project could come online within the next five years.

    LA’s plans are much bigger than that, however – as the city has set out to recycle 100% of its wastewater by 2035 per a pledge made by Mayor Eric Garcetti several years ago.

    In order to achieve this, LA’s Hyperion Water Reclamation Plant – which currently only treats wastewater so it’s clean enough to release into Santa Monica Bay – must be completely converted into an advanced water purification facility which produces water that’s clean enough to consume.

    What else are you going to use to wash the bugs down, after all?

    Tyler Durden
    Fri, 09/02/2022 – 20:00

  • Have We Entered The New Dark Ages?
    Have We Entered The New Dark Ages?

    Authored by MN Gordon via EconomicPrism.com,

    Elizabeth Warren must be a fool.  That, or she thinks the rest of us are fools.

    The Senator recently took to CNN to publicly fret over the Federal Reserve’s rate hikes.  She’s worried they will tip the economy into recession.

    What’s Warren afraid of?  Her fears have already come true.

    The U.S. economy already is in a recession.  GDP data alone shows the economy contracted in both the first and second quarter of 2022.

    The technical definition for a recession has long been understood to be two consecutive quarters of declining GDP.  So, by definition, the economy is in a recession.  Everyone knows this, save President Biden and Warren.

    Recessions may not be agreeable.  But they are necessary.  In fact, the present recession is precisely what’s needed to clean up the consumer price inflation mess that Warren and her colleagues made.  There are consequences for mass money printing.  And they must be reckoned one way or another.

    The fundamental fact is today’s consumer price inflation fiasco is a direct result of Washington’s spending policies.  The coronavirus hysteria provided the perfect excuse to spew printing press money into the economy.  Warren was one of the greatest advocates.

    The Fed, for its part, merely obliged the wishes of Congress.  It created credit from thin air and loaned it to the Treasury in the form of Treasury note purchases.

    The Treasury then obliged the wishes of Congress.  It used the money that was borrowed from the Fed to fund stimmy checks, PPP, and generous federal unemployment payments.  This was all to meet the legislative demands of Warren and the other knaves in Congress.

    Money Destruction

    There’s never a good time to spew printing press money into the economy.  But the years 2020-21 were particularly bad.  That’s because governments the world over locked down their economies for no good reason at all.

    The United States, Europe, and nearly every government across the globe took its cues from Communist China.  The coronavirus curve wasn’t flattened.  But the economy was.

    Then politicians like Warren took a bad situation and made it vastly worse by spewing printing press money everywhere.  Maybe they thought they were helping.  Maybe they believed the promise of Modern Monetary Theory (MMT) would make all their socialist dreams come true.

    Regardless, their actions were highly destructive.  And now we all must live in the discombobulated world they made.

    The critical point is that the creation of greater quantities of money by central planners does not magically increase the quantity of goods and services.  The addition of newly created money is not readily greeted with a corresponding increase in production.

    Similarly, newly created money does not magically increase people’s claims to goods and services.  It does not increase how much they can consume.  Rather, it dilutes each individual monetary unit, which then appears as rising prices.

    The genesis of consumer price inflation can be found in money supply inflation.  Money supply inflation is the direct act of central planners.  The inflation of the money supply comes first.  Consumer prices then follow, especially when the printing press money is injected into the economy via government giveaways.

    Broken Supply Chains

    The 2020-21 government mandated lockdowns succeeded in disrupting supply chains.  Many links in the chain were broken.  Some supply chains that were incrementally connected over the last 30 years were broken forever.

    There’s no going back to the way things were prior to March 2020.  Yet, in addition to the ramifications of government mandated lockdowns and mass money spewing, the world continues to change in important ways.

    Geopolitical shifts since the start of the Russian-Ukraine war are momentous.  Sanctions imposed on Russia have put Europe in a position where it can no longer consume cheap, abundant Russian natural gas.

    This is an example of a supply chain that’s broken for good.  It will never be repaired.  The implications of this new reality are just setting in as winter appears in the distance.

    Germany is particularly vulnerable to disruptions in Russian gas.  Before the war started, more than half of its gas came from Russian imports.  Now Germany is having to quickly develop contingencies.

    One option is to restart coal plants that had already been shut down as part of its plan to phase out coal by 2030.  But coal is also in a supply crunch.

    In Poland, for example, cars are lining up at the Lubelski Wegiel Bogdanka coal mine.  People are waiting day and night to stock up on heating fuel in advance of winter.  Demand for coal has forced Bogdanka and other mines to ration sales.

    What’s going on here?  How did everything get so screwed up?  Have we entered the new dark ages?

    Have We Entered the New Dark Ages?

    Unless there’s a miracle, this winter will be an absolute calamity for Europe.  French President Emmanuel Macron recently clarified the situation for his cabinet.

    “What we are currently living through is a kind of major tipping point or a great upheaval … we are living the end of what could have seemed an era of abundance … the end of the abundance of products of technologies that seemed always available … the end of the abundance of land and materials including water.”

    Spanish Defense Minister Margarita Robles also warned of what’s to come, saying, “We [Europeans] are going to have a winter of great suffering.”

    Both Macron and Robles fail to mention the source of the great upheaval and winter of suffering.  That it’s elitist policies from the U.S. and Europe that have put everyone in such a pinch.

    In reality, there is an abundance of resources and the talent and capability to efficiently deliver them to market.  But government lockdowns, climate change policies, and senseless sanctions are standing in the way.

    One example of the absurdity of it all was recently identified by ZeroHedge, who detailed how Europe is paying inflated prices for Russian liquified natural gas (LNG) that’s been laundered through China.  Somehow ‘dirty’ LNG from Russia magically becomes ‘clean’ when it’s brokered from China.

    Here in the U.S. these mega disruptions are less pronounced, at least for now.  Yet the U.S. is not exempt.  Not with the current cadre of elitists doing everything they can to inhibit productivity and then paper over it with printing press money via misnomers like the Inflation Reduction Act.

    As noted above, the U.S. is already in a recession.  The bear market rally has stalled out and reversed just as the calendar turns to September – the worst month of the year historically for U.S. stocks.  And September is followed by October, a month which has delivered several of the most epic stock market crashes on record.

    So as the market slides into the fall, and the economy contracts, high consumer prices will persist.  They must.  Elitist policies assure it.

    There is one way out, however.  But it won’t be very pleasant.  As the Fed yanks the cheap money rug out from under the economy the recession could turn into a decade long depression.

    And if that doesn’t do it, a new dark ages will.

    Tyler Durden
    Fri, 09/02/2022 – 19:40

  • "Worst Has Yet To Come": Civil Unrest Set To Surge Worldwide As Socioeconomic Pressure Builds, Report Warns
    “Worst Has Yet To Come”: Civil Unrest Set To Surge Worldwide As Socioeconomic Pressure Builds, Report Warns

    Soaring food, energy, and shelter inflation have led to what could be a new era of civil unrest worldwide. Pockets of unrest have been observed in Sri Lanka, Peru, Kenya, Ecuador, Iran, and Europe. New research forecasts a broader wave of discontent is just ahead. 

    While this topic of developing social unrest is hardly new, we discussed it in late 2020, Why Albert Edwards Is Starting To Panic About Soaring Food Prices,” and Rabobank’s Michael Every noted in April 2021: We Are Edging Closer To A Biblical Commodity Price Increase Scenario.” 

    Earlier this year, Rockefeller Foundation President Rajiv warned that a “massive, immediate food crisis” is nearing. The UN said this summer that the world is “marching towards starvation” with an increased likelihood of civil unrest and political violence. 

    Making sense of the impending global turmoil is Verisk Maplecroft, a UK-based risk consulting and intelligence firm. They have just published an updated version of the Civil Unrest Index (CUI), covering seven years of data, showing the last quarter saw the most countries ever since the index was created move higher in civil unrest risks (101 of the 198 countries tracked by the firm saw increased risks of civil unrest, while only 42 experienced reduced risks).

    “The impact is evident across the globe, with popular discontent over rising living costs emerging on the streets of developed and emerging markets alike, stretching from the EU, Sri Lanka, Peru to Kenya, Ecuador, and Iran, ” Verisk wrote in the report, adding conditions are worsening as the frequency of protests and labor strikes could accelerate into fall. 

    “Although there have been several high-profile and large-scale protests during the first half of 2022, the worst is undoubtedly yet to come,” the firm warned.

    Verisk noted Algeria has the highest likelihood of projected civil unrest over the next half year because of rising inflation. Other areas include Europe, mainly due to energy hyperinflation decimating household finances.

    “Bosnia and Herzegovina, Switzerland, Netherlands, Germany, and Ukraine are all among the states with the biggest projected increases in risk,” the report said. 

    “Only a significant reduction in global food and energy prices can arrest the negative global trend in civil unrest risk. Recession fears are mounting, and inflation is expected to be worse in 2023 than in 2022,” Verisk said.

    The question remains if central banks can arrest inflation with the most aggressive interest rate hikes in decades. If not, then Verisk expects: “the next six months are likely to be even more disruptive” than earlier this year. 

    Tyler Durden
    Fri, 09/02/2022 – 19:20

  • Crypto.com Mistakenly Transfers $7 Million To Australian Woman In Refund Blunder
    Crypto.com Mistakenly Transfers $7 Million To Australian Woman In Refund Blunder

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

    A Melbourne woman received quite the surprise when she discovered that nearly AU$10.5 million ($7.2 million) was accidentally deposited into her bank account by the digital currency app Crypto.com.

    Representations of virtual cryptocurrencies are placed on U.S. Dollar banknotes in this illustration taken on Nov. 28, 2021. (Dado Ruvic/Reuters)

    The Singapore-based company discovered during a December audit that it had mistakenly refunded AU$10.47 million to Thevamanogari Manivel in May 2021, when it was attempting to issue a refund of just AU$100 ($70).

    According to court documents (pdf), the incident happened after an account number was accidentally entered into the payment amount field by an employee instead of the AU$100 amount.

    However, the mistake was not realized by the company until months later by which time Manivel, with some help from her sister, Thilagavathy Gangadory, had already gone on quite a spending spree.

    She also failed to notify Crypto.com of the mistake.

    Crypto.com, which lost roughly $34 million worth of cryptocurrency in a hack earlier this year, has filed a lawsuit against Manivel and her sister seeking the return of the millions of dollars.

    But according to the lawsuit, Thevamanogari Manivel has already spent some of the money, transferring $10.1 million into a joint account, and another $430,000 to a joint account with her daughter.

    She also purchased a AU$1.35 million five-bedroom property in Craigieburn, located in suburban Melbourne.

    “It is established that the Craigieburn Property was acquired with funds traceable to the Wrongful Payment and would never have been in Gangadory’s hands if the wrongful payment had not been made,” lawyers for Crypto.com wrote in the lawsuit. “Thus, Gangadory was unjustly enriched by receiving the purchase price of the Craigieburn Property out of the Wrongful Payment, and the first plaintiff is entitled to recover an amount representing that price.”

    The court froze Manivel’s bank account in February this year. However, Victoria’s Supreme Court has now ordered that the million-dollar property be sold and that Manivel return the money to the company.

    Read more here…

    Tyler Durden
    Fri, 09/02/2022 – 19:00

  • Crushed Scores And Crushed Skulls: Children Pay Grim Lockdown Price
    Crushed Scores And Crushed Skulls: Children Pay Grim Lockdown Price

    The disturbing evidence against lockdowns piled even higher this week, with new studies on two continents showing that children not only suffered significant learning loss but sharply higher abuse at home too.  

    First, French researchers found abusive head trauma among infants in the Paris metro area doubled during the second year of the pandemic, reports MedPage Today. Worse yet, mortality rates among those abused infants soared nearly 10-fold, suggesting greater ferocity.   

    Interestingly, the stats held steady through the first year of the pandemic and its associated government lockdowns, only to erupt in 2021. The researchers hypothesize that the pattern reflects an “accumulation of psychosocial distress over time.”

    They attribute that distress to lockdown measures that “deteriorated the psychosocial situation of adults, increased the periods where parents or guardians were at home for a prolonged time with their children, and reduced the intensity of prevention and early detection programs.”

    Like other victims of maniacal Covidian coercion, Parisians were subjected to lengthy lockdowns, curfews and daycare closures, as public health officials gave no consideration to collateral effects of their policies. 

    “Economic loss and unemployment, mental disorders such as acute and post-traumatic stress disorders and depression or suicidal behaviors are known risk factors for [child abuse and neglect],” the Université Paris Cité researchers wrote. 

    Meanwhile, a new federal study found that both math and reading scores for 9-year-old Americans tumbled during the pandemic’s first two years.  

    “Reading scores saw their largest decrease in 30 years, while math scores had their first decrease in the history of the testing regimen behind the study,” reported the Associated Press

    “I was taken aback by the scope and the magnitude of the decline,” Peggy G. Carr, commissioner of the National Center for Education Statistics, told The New York Times

    Shutdown-happy public health officials and teachers unions tag-teamed to pummel black and brown kids hardest. White students’ math scores dropped 5 percentage points, but black scores tumbled 13 points and Hispanics shed 8 points. Asian and native American scores managed to hold steady. 

    The children damned by overreaching public health officials may never reach their pre-pandemic potential. “Student test scores, even starting in first, second and third grade, are really quite predictive of their success later in school, and their educational trajectories overall,” said Susanna Loeb, Brown University’s director of the Annenberg Institute. 

    Asked on Thursday about the steep toll that school shutdowns took on children, barrier-breaking White House press secretary Karine Jean-Pierre showed that black lesbians are fully capable of the mind-boggling dishonesty that’s required when serving as the Biden administration’s script-reading, identity-politics hood ornament.

    Pretending that Democrats, teachers unions and liberal media weren’t the leading proponents of school closures, Jean-Pierre implied those closures were a product of pandemic mismanagement on the part of  Donald Trump and the Republican Party: 

    https://platform.twitter.com/widgets.js

    Sadly, if our society can’t unite in acknowledging the intrinsic dangers of lockdowns, we’re at risk of being victimized by them again, with the ill effects falling heaviest on those with the smallest voices.  

    Tyler Durden
    Fri, 09/02/2022 – 18:40

  • Prosecutors Identify Police Supervisor Who Beat Woman On Jan. 6
    Prosecutors Identify Police Supervisor Who Beat Woman On Jan. 6

    Authored by Zachary Stieber and Joseph M. Hanneman via The Epoch Times (emphasis ours),

    The Washington D.C. police officer who beat a Minnesota woman with a metal baton at the U.S. Capitol on Jan. 6, 2021, is a 19-year veteran with a history of use-of-force complaints.

    This image from video shows Metropolitan Police Commander Jason Bagshaw in the Lower West Terrace tunnel as Victoria White is led into the U.S. Capitol in Washington on Jan. 6, 2021. (Real Story of Jan. 6/Epoch TV)

    Victoria C. White, of Minnesota, was struck nearly 40 times in a four-minute span in the Lower West Terrace tunnel leading into the U.S. Capitol, security video footage showed.

    The officer who delivered most of the blows was identified in new court filings as Metropolitan Police Department (MPD) commander Jason Bagshaw, 45.

    The tunnel CCTV footage shows that over an almost two-minute span running from approximately 4:07:00 to 4:08:54 p.m., Lieutenant Bagshaw repeatedly struck, or tried to strike, the woman in red with his baton,” U.S. prosecutors said in one of the briefs (pdf).

    Bagshaw has since been promoted to commander.

    Prosecutors also acknowledged that Bagshaw “threw five left-handed jab punches in the direction of the woman in red’s head or upper body” and included an image showing Bagshaw with his left fist raised while standing near White, or the woman in red.

    MPD use-of-force policies advise officers to avoid striking the head.

    Bagshaw did not respond to a message. MPD did not respond to requests for comment. The agency said previously it wasn’t aware of the surveillance footage, released in December 2021 by attorney Joseph McBride, showing one of its officers pummeling White.

    Bagshaw, the video shows, struck White’s head eight times, then punched her with his left fist. He later made a fist and punched White in the face and head six times. Another officer—with both hands on his baton—jammed the butt of the weapon at White’s face and then rammed her with the baton 10 times, the video footage shows.

    Prosecutors attempted to defend the strikes.

    “While many observers might instinctively cringe at the sight of a male police officer using a baton to strike, or attempt to strike, the head, neck, and shoulder area of a smaller woman, there are many possible lawful justifications for Lieutenant Bagshaw’s use of force,” they said.

    “The woman in red’s location alone was criminal, making her subject to arrest, and it presented a threat to the officers and the U.S. Capitol. Here, there is no evidence in the trial record explaining how the woman penetrated the phalanx of officers, whether she was armed at the time, or if she had threatened or undertaken violent action against an officer. Depending on these circumstances, an officer may have been justified in using violent force against her. It is possible that Lieutenant Bagshaw struck her for no justifiable reason. But it is also possible he struck her to disarm her, or to subdue her after she attacked an officer,” they added.

    White’s case was featured in The Epoch Times documentary “The Real Story of Jan. 6.”

    “The first blow came to my head by a metal baton,” White said in the film. “It was really bad. I remember trying to keep myself up. I was scared I would be trampled.”

    Police use-of-force expert Stan Kephart said using a baton to strike the head is a potentially fatal mistake. Kephart is interviewed for the Epoch TV documentary, “The Real Story of Jan. 6” on June 2, 2022. (Tal Atzmon/The Epoch Times)

    In the film, use-of-force expert Stan Kephart said striking White in the head was a potentially fatal mistake.

    “The head is a sphere. What happens when you strike a spherical object with a blunted object, at least resistance and glances off the head. That’s a possibility. The second thing is you can hit them flush and kill them,” Kephart said. “If your intent was to kill them, you should have been using a firearm and not a baton.”

    Bagshaw’s History

    Bagshaw, who started working for the department in 2003 and has been promoted twice since Jan. 6, 2021, has been the subject of multiple complaints over the years.

    In one instance, a Washington resident accused him of working with other officers to try to cover up an illegal beating in 2013. Bagshaw falsely said in an application for a search warrant for the man’s home that a taxi driver told him the man looked like a man who had assailed the driver, according to court filings.

    Bagshaw testified in a deposition that another officer told him the driver did not know if the man was one of the men who assailed him. The case was settled out of court.

    In another case, which is still ongoing, Bagshaw and other MPD officers were accused of violating the constitutional rights of protesters who gathered in Lafayette Square near the White House in the wake of George Floyd’s death. A second case that is ongoing says Bagshaw instructed officers to beat a woman who was protesting the death of her son at the hands of the police.

    In a December 2020 incident documented on video shared on Instagram and other social media websites, Bagshaw picked up a man identified as a medic, carried him a short distance, and tossed him to the pavement.

    In mid-July 2022, Bagshaw shot an armed man to death in a crowded restaurant district on D.C.’s waterfront. Bagshaw, who was off-duty at the time, said he fired after witnessing Lazarus David Wilson, 23, of Dumfries, Virginia, pointing a firearm at patrons.

    One Step Toward Justice

    White told The Epoch Times she identified Bagshaw as her attacker weeks ago, based on security video and other sources.

    She said his identity being made public is just one step toward justice in her case.

    Publicity on the details, however, sparked her post-traumatic stress disorder from the Capitol incident and 10 years of domestic abuse by her ex-husband, she said.

    Read more here…

    Tyler Durden
    Fri, 09/02/2022 – 18:20

  • Which Is The Fastest Fast-Food Drive-Thru?
    Which Is The Fastest Fast-Food Drive-Thru?

    Taco Bell is the fast food chain that has the fastest drive-thrus in America. 

    As Statista’s Kathrina Buchholz details below, according to a study done by industry publication QSR, Taco Bell customers have to wait an average of 4 minutes and 28 seconds for their orders. The study included 1,007 visits to the ten biggest drive-thru restaurant chains across all U.S. regions and all times of the day.

    Infographic: America’s Fastest Drive-Thrus | Statista

    You will find more infographics at Statista

    KFC, Carl’s Jr./Hardee’s and Dunkin’ Donuts all stayed under 5 minutes per order when the study was carried out, placing them in ranks 2-4.

    McDonald’s just cracked the 5-minute mark and came fifth.

    The study also concluded that McDonald’s had by far the most locations with order-confirmation boards and that customers could expect the biggest drive-thru order accuracy at Chick-fil-A.

    The chicken chain had the slowest drive-thru in the survey by far, but was also the place where most vehicles lined up in the drive-thru on average (4). This is many more than the next busiest competitors, McDonald’s, at an average of 2.2 cars waiting.

    Tyler Durden
    Fri, 09/02/2022 – 18:00

  • Whistleblower Lawyer: FBI Agents Have Lost Confidence In Director Wray
    Whistleblower Lawyer: FBI Agents Have Lost Confidence In Director Wray

    Authored by Jack Phillips via The Epoch Times (emphasis ours),

    A lawyer representing several unnamed FBI whistleblowers said Wednesday that agents have lost confidence in the bureau’s leadership amid recent controversy.

    FBI Director Christopher Wray is sworn in during a hearing before Senate Judiciary Committee at Hart Senate Office Building on Capitol Hill in Washington on Aug. 4, 2022. (Alex Wong/Getty Images)

    The FBI and the Department of Justice (DOJ) have faced Republican criticism over the raid of former President Donald Trump’s Mar-a-Lago, while a number of whistleblowers have provided testimony to GOP lawmakers about alleged political bias at the bureau. Over the past weekend, high-ranking FBI agent Timothy Thibault departed the agency amid whistleblower complaints.

    I’m hearing from [FBI personnel] that they feel like the director has lost control of the bureau,” Kurt Siuzdak, a lawyer and former agent who represents FBI whistleblowers, told the Washington Times on Wednesday. “They’re saying, ‘How does this guy survive? He’s leaving. He’s got to leave.’”

    Siuzdak told the paper that FBI agents have told him they’ve “lost confidence” in FBI Director Christopher Wray. “All Wray does is go in and say we need more training and we’re doing stuff about it, or we will not tolerate it.”

    In March, Siuzdak told the New York Post that he left the FBI after a 25-year career as an agent due to what he says is a lack of accountability among FBI managers and the bureau’s leadership. He blamed it on political biases held by top managers and leaders.

    Whistleblowers, Siuzdak told the paper this week, have alleged that Wray didn’t take action on a variety of matters, including sexual harassment claims and agents being forced to sign fake affidavits. Trump nominated Wray in 2017 after firing former Director James Comey.

    When contacted by The Epoch Times last week about recent whistleblower claims, the FBI issued a statement that the “men and women of the FBI do their jobs with rigor, objectivity, and a fierce commitment to our mission.”

    “All FBI employees are held to the highest standards of professional and ethical conduct. Allegations of misconduct are taken seriously and referred to the Inspection Division or the Department of Justice Office of the Inspector General. Through the disciplinary process, the FBI will continue to hold employees accountable for any substantiated misconduct,” the agency added.

    The FBI on Wednesday appeared to send the same statement to the Washington Times about Siuzdak’s interview. The Epoch Times has contacted the agency for additional comment.

    More Details

    Last week, Rep. Matt Gaetz (R-Fla.) said he’s received new whistleblower complaints from FBI employees, calling for a new investigation.

    The guy told me that he loves the bureau, that he doesn’t want to see the bureau defunded or destroyed, but that he really feels a need to come forward so that there’s a focus on the things they ought to be doing, not trying to affect political outcomes,” the GOP lawmaker said.

    Read more here…

    Tyler Durden
    Fri, 09/02/2022 – 17:40

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