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Victor Davis Hanson: What The Left Did To Our Country

Victor Davis Hanson: What The Left Did To Our Country

Authored by Victor Davis Hanson via American Greatness,

In the last 20 years, the Left…

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Victor Davis Hanson: What The Left Did To Our Country

Authored by Victor Davis Hanson via American Greatness,

In the last 20 years, the Left has boasted that it has gained control of most of America institutions of power and influence - the corporate boardroom, media, Silicon Valley, Wall Street, the administrative state, academia, foundations, social media, entertainment, professional sports, and Hollywood.

With such support, between 2009-17, Barack Obama was empowered to transform the Democratic Party from its middle-class roots and class concerns into the party of the bicoastal rich and subsidized poor - obsessions with big money, race, a new intolerant green religion, and dividing the country into a binary of oppressors and oppressed.

The Obamas entered the presidency spouting the usual leftwing boilerplate (“spread the wealth,” “just downright mean country,” “get in their face,” “first time I’ve been proud of my country”) as upper-middle-class, former community activists, hurt that their genius and talents had not yet been sufficiently monetized.

After getting elected through temporarily pivoting to racial ecumenicalism and pseudo-calls for unity, they reverted to form and governed by dividing the country. And then the two left the White House as soon-to-be mansion living, mega-rich elites, cashing in on the fears they had inculcated over the prior eight years.

To push through the accompanying unpopular agendas of an open border, mandatory wind and solar energy, racial essentialism, and the weaponization of the state, Obama had begun demonizing his opponents and the country in general: America was an unexceptional place. Cops were racist. “Clingers” of the Midwest were hopelessly ignorant and prejudiced. Only fundamental socialist transformation could salvage a historically oppressive, immoral, and racist nation.

The people finally rebelled at such preposterousness. Obama lost his party some 1,400 local and state offices during his tenure, along with both houses of Congress. His presidency was characterized by his own polarizing mediocrity. His one legacy was Obamacare, the veritable destruction of the entire system of a once workable health insurance, of the hallowed doctor-patient relationship, and of former easy access to competent specialists.

Yet Obama’s unfufilled ambitions set the stage for the Biden administration—staffed heavily with Obama veterans—to complete the revolutionary transformation of the Democratic Party and country.

It was ironic that while Obama was acknowledged as young and charismatic, nonetheless a cognitively challenged, past plagiarist, fabulist, and utterly corrupt Joe Biden was far more effective in ramming through a socialist woke agenda and altering the very way Americans vote and conduct their legal system.

Stranger still, Biden accomplished this subversion of traditional America while debilitated and often mentally inert—along with being mired in a bribery and influence-peddling scandal that may ultimately confirm that he easily was the most corrupt president to hold office in U.S. history.

How was all this possible?

Covid had allowed the unwell Biden to run a surrogate campaign from his basement as he outsourced his politicking to a corrupt media.

Senility proved a godsend for Biden. His cognitive disabilities masked his newfound radicalism and long-accustomed incompetence. Unlike his past failed campaigns, the lockdowns allowed Biden to be rarely seen or heard—and thus as much liked in the abstract as he had previously been disliked in the concrete.

His handlers, the Obamas, and the Bernie Sanders and Elizabeth Warren radical Democrats, saw Biden’s half-century pretense as a gladhander—good ole Joe Biden from Scranton—as the perfect delivery system to funnel their own otherwise-unpopular leftwing agendas. In sum, via the listless Biden, they sought to change the very way America used to work.

And what a revolution Biden’s puppeteers have unleashed in less than three years.

They launched a base attack on the American legal system.

Supreme Court judges are libeled, their houses swarmed, and their lives threatened with impunity. The Left promised to pack the court or to ignore any decision it resents. The media runs hit pieces on any conservative justice deemed too influential. The prior Senate Minority Leader Chuck Schumer whipped up a mob outside the court’s doors, and threatened two justices by name. As Schumer presciently put it, they would soon “reap the whirlwind” of what they supposedly had sowed and thus would have no idea what was about to “hit” them.

Under the pretense of Covid fears, balloting went from 70 percent participation on election day in most states to a mere 30 percent.

Yet the rates of properly rejected illegal or improper ballots often dived by a magnitude of ten.

Assaults now followed on hallowed processes, laws, customs, and institutions - the Senate filibuster, the 50-state union, the Electoral College, the nine-justice Supreme Court, Election Day, and voter IDs.

Under Biden, the revolution had institutionalized first-term impeachment, the trial of an ex-president while a private citizen, and the indictment of a chief political rival and ex-president on trumped up charges by local and federal prosecutors—all to destroy a political rival and alter the 2024 election cycle.

Biden destroyed the southern border—literally.

Eight million entered illegally—no background checks, no green cards, no proof of vaccinations. America will be dealing with the consequences for decades. Mexico was delighted, receiving some $60 million in annual remittances, while the cartels were empowered to ship enough fentanyl to kill 100,000 Americans a year.

“Modern monetary theory,” the Leftist absurdity that printing money ensures prosperity, followed.

It has nearly bankrupted the country, unleashed wild inflation, and resulted in the highest interest rates in a quarter-century. Middle-class wages fell further behind as a doddering Biden praised his disastrous “Bidenomics.”

Biden warred on fossil fuels, cancelling federal leases and pipelines, jawboning lending agencies to defund fracking, demonizing state-of-the-art, clean-burning cars, and putting vast areas of oil- and gas-rich federals lands off-limits to drilling.

When gas prices predictably doubled under Biden and the 2022 midterms approached, he tried temporarily to lease out a few new fields, to drain the Strategic Petroleum Reserve, and to beg the Saudis, and our enemies, the Iranians, the Venezuelans, and the Russians, to pump more oil and gas that Biden himself would not. All this was a pathetic ruse to temporarily lower gas prices before the mid-term elections.

Biden abandoned Afghanistan, leaving the largest trove of military equipment behind in U.S. military history, along with thousands of loyal Afghans and pro-American contractors.

Biden insulted the parents of the 13 Marines blown up in this worst U.S. military debacle since Pearl Harbor. He lied to the parents of the dead that he too lost a son in the Iraq war, and when among them later impatiently checked his watch as he seemed bored with the commemoration of the fallen—and made no effort to hide his sense that the ceremony was tedious to him.

Vladimir Putin summed up the Afghan debacle - and Biden’s nonchalant remark that he wouldn’t react strongly to a “minor” invasion of Ukraine if it were minor - as a green light to invade Ukraine.

When Biden did awaken, his first reaction was an offer to fly the Ukrainian president Volodymyr Zelenskyy out of the country as soon as possible. What has followed proved the greatest European killing ground since the 1944-45 Battle of the Bulge, albeit one that has now fossilized into a Verdun-like quagmire that is draining American military supply stocks and killing a half-million Ukrainians and Russians.

Suddenly, there are three genders, not two.

Women’s sports have been wrecked by biological men competing as women, destroying a half-century of female athletic achievement. Young girls in locker rooms, co-eds in sororities, and women in prison must dress and shower with biological men transitioning to women by assertion.

There is no longer a commitment to free speech. The American Civil Liberties Union is a woke, intolerant group trying to ban free expression under the pretense of fighting “hate” speech and “disinformation.”

The Left has revived McCarthyite loyal oaths straight out of the 1950s, forcing professors, job applicants, and students applying for college to pledge their commitment to “diversity” as a requisite for hiring, admittance, or promotion. Diversity is our era’s version of the Jacobins’ “Cult of Reason.”

Race relations hit a 50-year nadir. Joe Biden has a long history of racist insults and putdowns. And now as apparent penance, he has reinvented himself as a reverse racial provocateur, spouting nonsense about white supremacy, exploiting shootings or hyping racial tensions to ensure that an increasingly disgusted black electorate does not leave the new Democratic Party.

The military has adopted wokeism, oblivious that it has eroded meritocracy in the ranks and slashed military recruitment. It is underfunded, wracked by internal suspicion, loss of morale and ginned up racial and gender animosity. Its supply stocks are drained. Arms productions is snail-like, and generalship is seen as a revolving door to corporate defense contractor board riches.

Big-city Democratic district attorneys subverted the criminal justice system, destroyed law enforcement deterrence, and unleashed a record crime wave.

Did they wish to create anarchy as protest against the normal, or were they Jokerist nihilists who delighted in sowing ruin for ruin’s sake?

Radical racial activists, with Democrat endorsement, demand polarizing racial reparations. The louder the demands, the quieter they remain about smash-and-grab looting, carjacking, and the swarming of malls by disproportionally black teens—even as black-on-black urban murders reach record proportions.

In response, Biden tried to exploit the growing tensions by spouting lies that “white supremacy” and “white privilege” fuel such racial unrest—even as his ill-gotten gains, past record of racist demagoguery and resulting lucre and mansions appear the epitome of his own so-called white privilege.

This litany of disasters could be vastly expanded, but more interesting is the why of it all?

What we are witnessing seems to be utter nihilism. The border is not porous but nonexistent. Mass looting and carjackings are not poorly punished, but simply exempt from all and any consequences. Our downtowns are reduced to a Hobbesian “war of all against all,” where the strong dictate to the weak and the latter adjust as they must. The streets of our major cities in just a few years have become precivilizational—there are more human feces on the sidewalks of San Francisco than were in the gutters of Medieval London.

The FBI and DOJ are not simply wayward and weaponized, but corrupt and renegade. Apparently the perquisite now for an FBI director is the ability either to lie while under oath or better to mask such lying by claiming amnesia or ignorance.

Immigration is akin to the vast unchecked influxes of the late Roman Empire across the Danube and Rhine that helped to finish off a millennium-old civilization that had lost all confidence in its culture and thus had no need for borders.

In other words, the revolution is not so much political as anarchist. Nothing escapes it—not ceiling fans, not natural gas cooktops, not parents at school board meetings, not Christian bakeries, not champion female swimmers, not dutiful policemen, not hard-working oil drillers, not privates and corporals in the armed forces, not teens applying on their merits to college, not anyone, anywhere, anytime.

The operating principle is either to allow or to engineer things to become so atrocious in everyday American life—the inability to afford food and fuel, the inability to walk safely in daylight in our major cities, the inability to afford to drive as one pleases, the inability to obtain or pay back a high interest loan—that the government can absorb the private sector and begin regimenting the masses along elite dictates. The more the people tire of the leftist agenda, the more its architects furiously seek to implement it, hoping that their institutional and cultural control can do what  ballots cannot.

We could variously characterize their efforts as destroying the nation to save it, or burning it down to start over, or fundamentally transforming America into something never envisioned by the Founders.

Will their upheaval  succeed? All the levers of the power and money are on the side of the revolutionaries. The people are not. And they are starting to wake to the notion if they do not stop the madness in their midst they very soon won’t have a country.

Tyler Durden Mon, 09/04/2023 - 14:40

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Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

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They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

More Tech Stocks:

Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

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Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

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There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

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