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June 6,2022
What It’s Like to Be a Victim of Private Planes - WSJ Opinion
Which category—the flight romantics or their victims—is more numerous? Apart from that, who is entitled to the freedom of the air above your house? The question of who owns that air and who may put it to use for their own purposes is about to become urgent. The drones are coming. Your sky will be filled with them.
No one tell this guy about commercial and military aviation.
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June 6,2022
Biden Decision on Student-Loan Forgiveness Unlikely Until Later in Summer, Officials Say - WSJ
Officials said he remains concerned about the possible effects the move could have on record inflation, cautious about doing anything that could be perceived as contributing to high prices.
Too late.
If borrowers assume that a large share of federal student loans are likely to be forgiven, that in effect increases government spending by turning loans into de facto grants. It could also encourage colleges and universities to continue to raise tuition prices with the expectation that the costs would ultimately not be borne by their students.
You don’t say!
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June 6,2022
Biden’s Teleprompter Resigns To Take Job At MSNBC - The Babylon Bee
The teleprompter delivered his resignation at the end of Biden’s latest speech, sowing confusion as Biden continued to read everything on screen. “I can’t take this anymore! I quit!” yelled President Biden at a group of reporters. “I mean—3.7 bottles of formula, Joe? Are you freaking kidding me? After all I got you through, now you want to ad-lib? I’m going with Jen!!” screamed Biden, storming off.
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Catholic Husband
June 6,2022Friday Night Adoration - Catholic Husband
Benedict is still a little boy, flexing his autonomy, but not yet at that period of growth when he will seek more distance from his parents. He was excited to spend Daddy and Me time, without the presence of any girls, on a Friday night.
➕
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June 5,2022
Individual Income Tax Payments on Pace to Reach Record Level - WSJ
CBO director Phillip Swagel said. “It’s a mystery. It’s a maybe happy mystery, to have strong revenues.”
Yeah, now instead of taxpayers using their own money to purchase goods and services in their communities, we can use it to send nude drawings into space or pay other people’s beer pong bills!
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June 4,2022
New Options for Using Leftover ‘529’ Plan Funds - WSJ
The Helping Parents Save for College Act would, in limited circumstances, let participants transfer or roll over some 529 account funds into a Roth IRA. To do so, the account would have to be open for at least 10 years and the rollover money would have to be in the account for at least five years.
Solid proposal.
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Reading
Book Review: The Revolution that Wasn’t 📚
June 4,2022The GameStop rally was a crazy story last year, that I followed like everyone else. I think that _The Wall Street Journal_ did an excellent job of trying to explain it in real time.
Now, 18 months later and the dust settled, the real story is getting out. It was a craze like any other, that left the individual investor carrying losses and the operators of Wall Street richer than before.
The great thing about this story is not that its a cautionary tale that individual investors can’t win. It’s a reminder that the way to beat Wall Street is to simply not play their game.
Would I recommend: YES
ISBN: 978-0593421154
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June 3,2022
A Reading From Kamala Harris to the Corinthians - WSJ Opinion
First nationalize student loans claiming this will save money for taxpayers. Next let students pile up debt at for-profit colleges. Then prosecute those colleges for fraud and put them out of business. Then forgive all the debt and stick taxpayers with the bill.
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June 3,2022
John Durham vs. the Beltway Swamp - WSJ Opinion
The trial environment was no less intimate. Judge Christopher Cooper worked with Mr. Sussmann at the Clinton Justice Department in the 1990s. Merrick Garland, today attorney general, officiated at the judge’s marriage to Amy Jeffress, an Obama Justice Department official and now a private lawyer representing former FBI lawyer Lisa Page. And on and on the special circles go, down to the judge’s refusal to grant prosecutors’ request to dismiss a juror who admitted her daughter is on the same crew team as Mr. Sussmann’s child.
Gross.
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June 2,2022
How the Pro-Life Democrat Went Extinct - WSJ Opinion
It’s ironic that the Democratic Party, which is ostensibly built around the defense of the weak and the marginalized, is so fervidly committed to the right to kill the most vulnerable.
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June 2,2022
“Listen, folks, It’s too late to lower gas prices. No one knows how to do that,” said the President. “So we’re just gonna keep raising those prices higher until all the little number signs on the price boards go back to zero! Those signs can only go up to $9.99, so we’re already almost there!”
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Reading
June 2,2022
Finished reading: The Revolution That Wasn’t: GameStop, Reddit, and the Fleecing of Small Investors by Spencer Jakab 📚
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June 2,2022
When Progressives Fail, Inflation Edition - WSJ Opinion
“I think I was wrong then about the path that inflation would take,” Treasury Secretary Janet Yellen told CNN on Tuesday, referring to a 2021 comment that there was a “small risk” of inflation.
To those hoping the Fed will get its act together and fix this: remember that Yellen is the former Fed Chair and deeply steeped in the Fed’s way of thinking.
Doesn’t inspire confidence.
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June 2,2022
Upholding Roe v. Wade Is Supported by Most Americans, WSJ Poll Finds - WSJ
Some 57% of respondents said a woman should be able to obtain a legal abortion if she wants it for any reason, the highest share since NORC began asking the question every few years starting in 1977.
If you’re wondering why our society is so violent, start here. 57% of Americans think a mother has a legal right to kill their child based on any whim or excuse.
Our sense of justice is rightly violated over acts of mass murder, but we’re completely anesthetized to the thousands of children killed by elective abortion every day of the week.
We are the problem and we are the solution.
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June 2,2022
Why ‘Do Something’ on Gun Control Won’t Work - WSJ Opinion
The high approval cost—now estimated at $2.6 billion per drug—also means rarer diseases receive little research attention.
Article cites an FDA approval rate of 12%. So after pharma goes through years of R&D spending, and recovering costs for unapproved drugs, they have to price in another $2.6B just to break even.
But when talking about reducing drug costs, this is expense is never brought up.
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June 2,2022
Biden’s Ukraine Rocket Whiplash - WSJ Opinion
If the Ukrainians have promised to use the weapons only to defend their territory, why limit the reach of the rockets the U.S. provides?
A short range system can hit Russia if its parked close enough to the border.
Three months into this conflict and we’re still trying to placate Putin? Give the Ukrainians the firepower to take the fight all the way to the border.
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June 2,2022
Biden Has No Plan to Fight Inflation - WSJ Opinion
It was smart to make your case in a newspaper whose editorial page is often critical of you. Your challenge in winning over voters, however, is not that you haven’t explained your views and policies, but that you need to demonstrate greater competence.
We win as a team; when the Administration is failing, we all get hurt.
And right now, we’re all getting pummeled.
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June 1,2022
Record Gas Prices Hit Americans’ Start to Summer Travel Season - WSJ
New York on Wednesday became the latest state to suspend its gas tax, pausing its tax on regular and diesel gas through the end of the year.
States use gas taxes for infrastructure. So they’re suspending the gas tax and backfilling with money from last year’s $1T Infrastructure Bill. That “transformational investment,” which now costs $1.5T with inflation, is going to nothing more than routine maintenance and to subsidize taxpayers in other states.
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June 1,2022
Crypto Industry Sees Surge in Lawsuits as Investor Losses Pile Up - WSJ
Kenneth Donovan, 27 years old and a plaintiff who began investing in cryptocurrency in 2019, said he bought $335,000 worth of GYEN last year after reading its white paper and learning the New York Department of Financial Services had authorized GMO-Z.com to issue stablecoins in the state. In a matter of hours, he said, his investment plummeted to $3,000, wiping out nearly his entire life savings.
Not an investment.
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June 1,2022
Man Tries Running To Boost Health And Oh No! He Now Has 7 New Injuries! - The Babylon Bee
“Well, it looks like my running career is already over,” said Winkley. “Once I regain my ability to walk and run and turn my head both ways, maybe I’ll resume. But for now, I need to sit back in my recliner and heal.”
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June 1,2022
Europe Hits Putin Where It Hurts - WSJ Opinion
It’s also notable that Europe went ahead with oil sanctions despite quiet lobbying by the U.S. in favor of an alternative tariff proposal. The Biden Administration is worried about the impact of withdrawing Russian crude from the world market on gasoline prices and the November elections.
Gross.
But the White House could help itself and the world on that score if it ceased its political and regulatory war on fossil fuels. One of the many mysteries of this Presidency is why Mr. Biden has responded to the Ukraine invasion by pressing for more oil production everywhere but in the domestic U.S.
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May 31,2022
States Help Business Owners Save Big on Federal Taxes With SALT-Cap Workarounds - WSJ
The state laws blunt the cap’s effect on owners of closely held businesses such as law firms, hedge funds, manufacturers and car dealerships, while workers earning wages generally can’t take advantage.
lol
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May 30,2022
Joe Biden: My Plan for Fighting Inflation - WSJ Opinion
First, the Federal Reserve has a primary responsibility to control inflation.
The title is his plan to fight inflation.
His first bullet point is to say it’s not his responsibility.
Last week the nonpartisan Congressional Budget Office projected that the deficit will fall by $1.7 trillion this year—the largest reduction in history. That will leave the deficit as a share of the economy lower than prepandemic levels and lower than CBO projected for this year before the American Rescue Plan passed. This deficit progress wasn’t preordained.
He’s right, it wasn’t preordained. Without the American Rescue Plan and the decades high inflation that it produced, we defiantly wouldn’t have seen this deficit reduction.
Also, to save you some time, the word of the week is “transition.” Not to be confused with last week’s “transitory.”
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May 30,2022
Canada to Ban Purchase, Sale of Handguns in New Gun Control Measures - WSJ
Canada will compel owners of banned semiautomatic firearms to sell their weapons to the government, starting at the end of this year.
The nation’s criminals are queuing up now.
“Other than using firearms for sport shooting and hunting, there is no reason anyone in Canada should need guns in their everyday lives,” Mr. Trudeau said
Ukraine?
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Catholic Husband
May 30,2022Sacred Treasure - Catholic Husband
The Sacraments are our fuel to get us through the journey of life. I hope that Benedict carries this treasure with him, wherever he goes.
➕