What Did the Steele Dossier Hoax Cost America? - WSJ Opinion

From day one, had reporters focused on the one thing they knew to be indubitably true after talking to Mr. Steele, they would have found the real story: A paid foreign agent was circulating scurrilous tales whose truth he wouldn’t vouch for, whose sources he wouldn’t reveal, without any documentation, in a bet that some Washington journalist could be gulled into reporting them.

In East Hampton, It’s the Superrich Against the Merely Rich - WSJ

Ahead of the busy summer season, the town is moving to privatize its airport and impose new restrictions on how often planes can fly in. The rules would limit a plane or helicopter to one takeoff and landing a day.

Completely unworkable.

Things that also make noise: cars, trains, lawn mowers, leaf blowers, people.

Arrest of Firebrand Cardinal Highlights Split in Hong Kong’s Catholic Church - WSJ

The Vatican expressed concern at the arrest, and its secretary of state, Cardinal Pietro Parolin, said he was saddened by the move but hoped it wouldn’t further complicate the dialogue with China.

Coward.

Crash of TerraUSD Shakes Crypto. ‘There Was a Run on the Bank.’ - WSJ

A trader might sell a bitcoin for TerraUSD, then use the TerraUSD to buy ether, another cryptocurrency, without ever touching a dollar or a bank account.

Perfect summation of the role, and importance, of stablecoins in this system.

Hawaiian Airlines Bets You’ll Want to Island Hop on Electric Seagliders - WSJ

They would cruise five to 30 feet above the waves on average, flying on a cushion of air that keeps the plane aloft, known as the “ground effect.”

Pretty genius. In theory, you could fly in ground effect forever, except that on land your bound to find an obstacle. No such problem at sea.

Textron Aviation Delivers FedEx’s First Cessna SkyCourier

The aircraft generates power through two wing-mounted Pratt & Whitney PT6A-65SC turboprop engines and utilizes a four-bladed, 110-inch aluminum McCauley Propeller C779. The full feathering, reversible pitch propeller is designed to enhance the performance of the aircraft while carrying large loads. The aircraft features Garmin G1000 NXi avionics. It has a maximum cruise speed of more than 200 knots and a 900 nautical-mile maximum range. The aircraft features a large door and a flat floor cabin. It is capable of holding three LD3 shipping containers with a 6,000 lb payload capability.

Awesome to see this clean sheet design delivered. They really put together a great product.

Saved! Trump Reveals He Has Been Stockpiling Baby Formula For Seven Years After Being Warned Of Coming Shortage In A Dream - The Babylon Bee

“I have so many silos filled, it’s unbelievable,” said President Trump as he cracked open a fresh can. “Absolutely the best formula, ready for Sleepy Joe’s total disaster of a famine. Plus, the taste is incredible—all the babies are saying they just love it.”

Matt Damon Makes New Commercial Apologizing For Telling You To Buy Crypto - The Babylon Bee

“History is filled with ‘almosts’ – and my crypto commercial was almost a good idea.”

The Biggest Problem With Flying Cars Is on the Ground - WSJ

Joby has also predicted that operating costs for its vehicles will be 86 cents a passenger mile. Dr. Trani thinks the actual figure will be between $3 and $4 a passenger mile.

That $4 per mile price is the same as a 9 passenger twin engine turboprop today. The electric air taxis can only carry 2-3 passengers.

White House Press Corps Beginning To Suspect Psaki Isn’t Ever Going To Circle Back To Their Questions - The Babylon Bee

According to the Pew Research Center’s Journalism Project, Psaki has promised to “circle back” to journalists’ questions exactly 8,436 times over the last 17 months. Now it appears almost all of those questions will remain mysteriously unanswered.

When the kids are good during 4.5 hours of errands, including going into a store to try clothes on, Dad buys cookies.

The best reward for waking up early and walking is my post-walk cooldown.

Sitting in a quiet, still house, in the soft light of dawn, drinking coffee and reading The Wall Street Journal.

📰☕️

Sunset at the office.

Kavanaugh Eases Tensions With Protesters By Throwing Good, Old-Fashioned Kegger - The Babylon Bee

“I can’t believe I wanted to burn this guy’s house down. This man is an absolute legend.”

Coinbase Says Users’ Crypto Assets Lack Bankruptcy Protections - WSJ

“Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings, and such customers could be treated as our general unsecured creditors,” the company said.

Oops.

Abortion Puts the Supreme Court Behind an 8-Foot Fence - WSJ Opinion

The Supreme Court of the United States—from its first meeting in February 1790 through the Civil War, two world wars and the battle for civil rights—has never been protected by an 8-foot wire fence. It is now. On Monday the Senate voted unanimously to extend police protection to the justices’ immediate family. What has happened to us?

Inflation Stays in the Heights - WSJ Opinion

All of this exposes the fantasy that the Biden-Pelosi-Schumer policy mix of blowout spending and easy money is good for working Americans. Modern monetary theory combined with new entitlements were supposed to produce record growth and security. Instead they have produced the highest inflation in 40 years and a falling standard of living. We should add that Donald Trump’s excessive spending at the end of 2020 also didn’t help.

U.S. Inflation Eased in April to 8.3% Annual Rate - WSJ

U.S. consumer inflation eased in April to an 8.3% annual rate, taking a slight edge off the steepest run of price increases in four decades as energy prices moderated.

A 2% decrease after a 400% increase?!

We did it!

🎉🎉🎉

This is the one year tracking chart on oil futures.

The recent volatility is clear, but so is the trajectory. This has been building for months.

Gas Prices Surge to Another High - WSJ

These records don’t account for inflation, however. Inflation-adjusted gas prices are similar to what U.S. drivers saw in the early 1980s, below highs of the 2008 recession.

Wonderful! Now I feel much better.

Biden Stresses Contrast With GOP Economic Agenda as Midterm Challenges Grow - WSJ

President Biden argued Tuesday that congressional Republicans would worsen inflation and raise taxes on American families

The Ron Burgundy of presidents, Joe Biden will say whatever is on the teleprompter, no matter how asinine.

FBI Sternly Warns Mob At Justice Kavanaugh’s Home To Stay Away From School Board Member’s House Next Door - The Babylon Bee

“Sure would hate to have charge one of you nice people with domestic terrorism,” said Agent Raymond Epley to a group of women lighting baby dolls on fire. “By all means, threaten the justice and his family! But if you set one foot on the school board treasurer’s lawn, it’s a one-way trip to Gitmo.”