About Hue White

Former BBS operator; software engineer; cat lackey.

Opening The Pipeline, Ctd

For those wondering how Mr Trump’s latest venture, Trump Media & Technology Group Corp, is working out after a couple of weeks, well, ummmm, the stock market isn’t always the most accurate indicator. Hey? Yeah, well, it stinks:

That high point just before April? When it was announced that the merger between DWAC and DJT had been okayed by the SEC. It’s been downhill ever since.

If you bought stock, I wish you well. Good wishes are rarely good for rescuing you from unfortunate financial situations. Unfortunately.

My Bad Sense Of Humor

Daily Kos‘ Joan McCarter remarks on the Arizona Supreme Court’s ruling that a law dating from before Arizona became a State is still a law:

Rep. David Schweikert is one of the most vulnerable, up for reelection in a district that narrowly voted for President Joe Biden in 2020. Schweikert is a six-time co-sponsor of the radical Life at Conception Act. That’s the legislation that would ban all abortions and does not exclude IVF treatments in defining a “person” as “each and every member of the species homo sapiens at all stages of life, including the moment of fertilization.”  …

“I do not support today’s ruling from the AZ Supreme Court,” he tweeted. “This issue should be decided by Arizonans, not legislated from the bench. I encourage the state legislature to address this issue immediately.”

And all I can think is that, obviously, they are not legislating from the bench, which is an old Republican trigger phrase that he evidently thinks applies whenever he becomes uncomfortable, but rather affirming a law from … pre-Arizona days … concerning pre-humans.

If it wasn’t so sad, it’d be funny as hell. For Mr. Twisted Sense of Humor over here. Bad Hue! Go lay down by your dish!

Earl Landgrebe Award Nominee

This week’s nominee is conservative media personality Byron York! As WaPo’s Dana Milbank provides important context, we’ll take it from him:

Then there was [Mr Trump’s] abortion statement in which he expressed his belief that states would “do the right thing.” He also repeated the fiction that “Democrats are the radical ones” on abortion because they support infanticide — “execution after birth.”

But Arizona’s highest court disproved both claims the very next day, vividly showing the wild extremism Trump has unleashed in the states. The timing was so perfect that Fox News aired a new conspiracy theory: that the conservative jurists in Arizona for some reason timed their ruling to hurt Trump. “It absolutely seems scripted,” said commentator Byron York.

And if you’re wondering why an anti-abortion ruling would be considered a blow to Mr Trump and the far-right, it’s because they have finally realized that their dog caught the car position on the abortion issue is both highly and deeply unpopular. It’s nearly existential.

And, yes, this is effectively a single issue voter description, as I mean by deeply that it’s an issue which is quite unlikely to be disregarded, and is considered to be of higher priority than virtually any other, for far more than half the population. While I generally disapprove of single issue voting as being indicative of lazy citizens who are unwilling to engage in the analysis of true voting, in potentially existential cases like this one, it’s sadly acceptable.

Fox News and Byron York are more than willing to chuck a highly conservative Arizona Supreme Court under the bus, just because their rather ridiculous ruling that a law from pre-Statehood times still applies hurts Mr Trump.

It’s A Way To Determine The Big Guy’s Position

Steve Benen is puzzling over the Republican National Committee’s behavior, now under the management of Mr Trump’s daughter-in-law, Lara Trump:

Stepping back, there’s no shortage of Republican insiders who desperately want Donald Trump and his team to move past their focus on 2020, if for no other reason than to appeal to mainstream voters who have no use for such a message.

But for reasons the former president and his political operation haven’t yet explained in a coherent way, they just can’t seem to help themselves.

Given Mr Trump’s prosperity theology and its Name it and claim it facet, this is simply Mr Trump bellowing what he desires, a proven case of election theft, and in so doing prove that God is on his side. In a way, Mr Trump is trying to direct the will of God himself.

I wish I could say that won’t go over well with his evangelical supporters, but neither his poll numbers nor human history supports such a position. Religion may claim to be about supplicating God, but supplicating is just a tool, if you will. The goal is to get God to answer the commands of the faithful. If you’re being honest, that’s the best interpretation. So Mr Trump is simply doing what his supporters do, or have done, or wish they dared to do, all depending on their temperament.

Oh Gerbils

Great. Buy solar panels last year, run across this article this year:

Researchers from Lehigh University have developed a material that demonstrates the potential for drastically increasing the efficiency of solar panels.

A prototype using the material as the active layer in a solar cell exhibits an average photovoltaic absorption of 80%, a high generation rate of photoexcited carriers, and an  (EQE) up to an unprecedented 190%—a measure that far exceeds the theoretical Shockley-Queisser efficiency limit for silicon-based materials and pushes the field of quantum materials for photovoltaics to new heights.

“This work represents a significant leap forward in our understanding and development of sustainable energy solutions, highlighting innovative approaches that could redefine solar energy efficiency and accessibility in the near future,” said Chinedu Ekuma, professor of physics, who published a paper on the development of the material with Lehigh doctoral student Srihari Kastuar in the journal Science Advances. [TechXplore]

Furballs.

Word Of The Day

Mutable:

able or likely to change:
the mutable nature of love
Language is not static, it is mutable.

Noted in “April 9, 2024,” Heather Cox Richardson, Letters From An American:

The [Arizona Supreme Court] explained: “A policy matter of this gravity must ultimately be resolved by our citizens through the legislature or the initiative process…. We defer, as we are constitutionally obligated to do, to the legislature’s judgment, which is accountable to, and thus reflects, the mutable will of our citizens.”

A coded rebuke to the Arizona Legislature, reminding them that either they convince the electorate of the rightness of their position, or they’ll get bounced out on their noses? I’m not sure, otherwise, of the reason for the use of mutable.

Those Interest Rate Blues

Are you afflicted? Citizens of Turkey are positively aflame:

Turkey’s Central Bank, in a unexpected move, hiked interest rates Thursday by another 500 basis points, from 45% to 50%.

The monetary policy committee cited a “higher than expected” surge in the country’s year-on-year inflation last month, which hit almost 70%. The embattled Turkish lira strengthened immediately after the surprise announcement, trading more than 1% up on the day at 14:30 p.m. local time. [AL-Monitor]

A bit hard to borrow money. And this in an Islamic nation? I thought charging interest was against Islamic law?

Affirming the consequent?

For those readers confused by claims, often emanating from Gen Z, of identity with a group with which they are either evidently, or admittedly, not, here’s Katherine Dee on Default Wisdom:

… as acceptance of minority sexual orientations and gender identity have grown, these categories have become much more nebulous. Rather than being guided by physical experience, one’s sexuality and gender identity are now determined by something much harder to define: feelings. The YouTuber Contrapoints may have put it best in a now-deleted tweet: “Gen Z people are hard to figure out. They’re like, ‘I’m an asexual slut that loves sex! You don’t have to be trans to be trans. Casual reminder that your heterosexuality doesn’t make your gayness any less valid!”

But to our hypothetical Gen Z member, though, I’d have to reply, Sorry, dearie, but you’re not thinking clearly.

Here’s the situation: there’s an assumption that some bundle of feelings or vibes is inseparable from the group to which it’s associated, be it gays, lesbians, or the asexual.

But this assumption has some hidden troubles. Feelings and vibes are not spontaneously existing things that are independent and unaffected by the surrounding societal context. Consider a comparison of two pairs of men. Each pair is bonded. One pair is living in 1950 in New York City, and, for simplicity, the location of the other pair is also New York City, but in 2020.

The former pair, on average, daren’t reveal their quasi-married status and devotion to each other, except to a few close friends, due to strong societal disapproval, such as losing their jobs or even their lives. The gentlemen of 2020, on the other hand, may have had 200 guests at their wedding, and, if they lose their jobs because they’re gay, they have a solid legal basis for compensation.

These highly differences, in key ways, of society’s reaction will undoubtedly strongly influence the feelings of these men of self, towards their partners, and towards society.

To suggest that feelings/vibes and group identity are inseparable is a difficult, even impossible, proposition to defend in view of the fact they change so easily.

Take it another step: are the feelings and vibes originating from belonging to one group broadly unique? Why would they be? Is it possible that, in the years from the above example, a lesbian pair would feel quite similar?

I think so. The pair of a status and a society, and its mapping to a vibe or feeling portfolio, can hardly be considered to generate a unique such portfolio. Just as dread can occur when faced with a wild tiger or the loss of a job, so can the feelings of being part of some group.

So when I suggest our Gen Z member isn’t thinking clearly, I’m specifically referencing the logical error Affirming the Consequent, in which a system supporting the assertion if (a) then (b), and then b is observed (to be true), and thus a fallacious conclusion of (a) is drawn. That is, just because you feel like you’re gay, asexual, or whatever, you’re not unless you substantially follow the physical practices of said group.

I shan’t speculate on the motivations between such poor reasoning, as none of the conclusions are pleasant; I’ll just suggest that a class in rhetoric may be in order.

Belated Movie Reviews

Paul Newman and Meryl Streep star in ….

Bulldog Drummond’s Bride (1939), part of the canon of Bulldog Drummond, is a rather dreadful effort that depends on the charm of the lead playing Drummond, John Howard, to carry the load. Howard gives it the old college try, but between American accents ascribed to British citizens, French police rather than gendarmes, and a silly plot centering around a bank robbery and a would-be bride, eager for the role, chasing after an ADHD Drummond, this short movie was difficult to take seriously.

Fortunately, I doubt it was ever anything more than a filler.

The Curse Of Having A Divine Mission

Reading Andrew Sullivan’s condemnation of the far-left and far-right for going anti-Semitic, following the incendiary invasion of Israel, with its attendant mass murder and kidnapping of civilians, by Hamas, then in control of Gaza, left me gloomy. Don’t get me wrong: Hamas’ actions, whether taken in a supposed defense of Gaza or, as mooted about in AL-Monitor and other publications, an attempt to break up an imminent rapprochement between Israel and its adversaries, such as Saudi Arabia, certainly constitutes a pure, distilled evil.

But for years, even decades, the activities of Israeli settlers, slowly pushing Muslims out of their long-held homes, has been unsettling as well. Indeed, the assassination of Prime Minister Yitzhak Rabin in 1995, a leading figure in the Oslo Accords, thought to be leading to a two-state solution, by a far-right Jewish Israeli, might be considered a signal clue as to the arrogance and, yes, evil that may exist is Israel.

For those readers who may be thinking that I hardly know what I speak of, you’re quite right. The events of the Middle East since the establishment of Israel following World War II by, or at least with the backing of the Allies, as led by David Ben-Gurion, have been curious, even to those conversant with the various religions active in the area; for an agnostic with only a passing interest, the claims, the maneuvering, the actions can all be downright puzzling.

But tonight it occurs to me to take a step back while thinking about the motivations of both sides. The extremists on each have amply demonstrated their extremists’ belief in a Divinity, some sort of force that represents good.

And we know that thinking you are part of a tradition of a Divinity can often lead those in that tradition to think their actions, grim as they may be, are sanctified. Certainly, the more mature individuals will recognize the fallacy; but many do not. They believe in God, they believe the rules only apply to their interactions with others in the tradition, and outside of that tradition?

Much anything goes.

And so we see one of the dangers of believing in a divinity: an illusion of the sanctification of some of the worst, most disgusting actions of human kind. All because of a belief that the Divine favors the perpetrator.

It’s something I’ll be keeping in mind in the future. And it helps explain my gloominess at understanding this situation.

Word Of The Day

Ramada:

(US) A simple arbour or open porch, typically roofed with branches. [from 19th c.] [Wiktionary]

Funny, all these years and never have I run across ramada, excepting all those Ramada Inns, anywhere until now. I had assumed that Ramada Inn was named after their founder, whoever that might be. I noted it in “Archaeologists discover remarkable ancient O’Odham village and va’aki beneath Tempe,” Tamara Jager Stewart, american archaeology (Spring 2024), but the link is to a partial article that does not contain the usage; I suppose you’ll have to give money to the Archaeological Conservancy, as I do, and then ask them to send the Spring 2024 issue, if this concerns you. Here’s a very partial quote, all typos mine:

A giant steel ramada was built over the great house in 1932 — a New Deal project — to protect it from the elements, replacing an earlier 1903 wooden protective structure.

As a mark of ramada’s rarity in literary usage, the spell check in use by WordPress has marked ramada as a misspelling.

Opening The Pipeline, Ctd

Looking at Mr Trump’s Truth Social company, known by its stock symbol of DJT, kos of Daily Kos reads DJT’s 8-K, and if I were an investor, this would concern me:

  • Conservative former Congressman Devin Nunes is paid $750,000 as CEO, despite having zero experience running a tech or media company, and that will go up to $1 million next year. Prior to serving in Congress, he was a farmer. Now, I’m sure you’re thinking, “Gosh, that’s not a lot of money, and there’s no one more qualified at licking Trump’s boots than Nunes. What if he bolts?” Oh ye of little faith, you underestimate Trump’s grifting negotiating prowess! Nunes is also getting a $600,000 “retention bonus”! Keep that number in mind.
  • The company’s chief financial officer Phillip Juhan and chief operating officer Andrew Northwall are getting $337,500 and $365,000, respectively. And you’ll be happy to learn that both of them are also getting $600,000 retention bonuses.

This is looking as this tree in my backyard.

And it doesn’t stop there. For a company showing a loss that’s huge relative to revenue, doesn’t appear to have a reasonable business model, has inexperienced personnel, some arguably incompetent, at key positions, and is not revealing key metrics, these are bright red flags, fluttering in the breeze.

And this is a company that, so far, is dependent on the charisma and reputation of a guy coming up fast on the end of his lifetime. They say they are trying to develop products beyond Mr. Trump, but given the lack of star quality leadership in technology, I have my doubts.

The red flags are thundering in the windstorm, in my opinion.

Earl Landgrebe Award Nominee

H.R.7845, a House bill whose sponsor, Rep. Guy Reschenthaler (R-PA), is today’s nominee, has the title:

To designate the Washington Dulles International Airport in Virginia as the “Donald J. Trump International Airport”.

Rep. Reschenthaler is either, or even both:

  1. A truly devoted fan of Mr Trump, beyond all bounds of reason or taste;
  2. An aesthete of enormous talent and sensibility. As his colleague, Rep Brandon Boyle (D-PA), noted, Dulles is an old, ugly airport that no one wants to see. So I think this is a fitting tribute to 45. But Rep Boyle failed to note how this fits into the panoply of Mr. Trump’s associations, as “old airports” are, unless properly updated, fourth class. Mr Trump never finds the first class associate, does he? It’s not in his personality, narcissistic and desiring adoration, for first rate people expend adoration upon their pets, who generally cannot abuse it, and not on people. Those they treat as appropriate: dignity, caution, loathing are some of the applicable adjectives. Their association with adoring people is uneasy, suspicious, and withdrawn.

My congratulations to Rep. Reschenthaler on his achievement.

Word Of The Day

Craton:

A craton is a large, coherent domain of Earth’s continental crust that has attained and maintained long-term stability, having undergone little internal deformation, except perhaps near its margins due to interaction with neighbouring terranes. Stable continental crust is an end product of intense magmatic, tectonic, and metamorphic reworking; hence, cratons consist of polydeformed and metamorphosed crystalline and metamorphic rocks (e.g., typically “granite-greenstone terrains” in the most ancient cratons). [astrophysics data system]

Noted in “Why supersonic, diamond-spewing volcanoes might be coming back to life,” Robin George Andrews, NewScientist (23 March 2024, paywall):

There was just one problem. Almost all kimberlites are found within cratons, the colossal, 200-kilometre-thick cores of continents, which don’t experience [the rifts caused by continental breakups]. Cratons are several billion years old. Even when supercontinents are broken, these cores remain intact. That meant kimberlite magmas picked the thickest, toughest parts of the continents to puncture through – the path of most resistance – something most eruptive activity tends to avoid.

Belated Movie Reviews

Harry Potter and the Sorcerer’s Stone (2001), the first of the Harry Potter series, is a special effects tour de force for its era, and functions as a morality and inspirational tale, teaching that those who are pure of heart, and never give up, can accomplish wonderful things. How well it stacks up against the novels of the same name is not within my ken, seeing as I’ve never read the novels. I’ve read too much fantasy as it is.

If you’ve somehow never seen it, it’s worth a gander. Unless you’re goth and, thus, hopelessly cynical.

A Wild Fling Of Poo On The Right

Keeping the herd together by the use of moral condemnation, Erick Erickson, back on Thursday, has a solemn pronouncement:

While most media headlines today are about Sam Bankman-Fried’s sentencing, Ronna McDaniel’s next move, or the fallout from the bridge collapse in Baltimore, today will be one of the most consequential days in the 2024 presidential election. Joe Biden is screwing up Manhattan traffic with a fundraiser featuring Barack Obama and Bill Clinton that should clear his campaign upwards of $25 million.

Meanwhile, Donald Trump will be attending the wake of 31-year-old NYPD officer Jonathan Diller on Long Island. Diller was murdered by a career criminal with 21 prior arrests who viciously gunned him down during a routine traffic stop. Diller leaves behind a wife and one-year-old child named Ryan.

The campaign split screen happening in New York is emblematic of how voters increasingly view this race. Joe Biden fundraises with millionaires and billionaires in Manhattan while refusing to say the names of the 13 fallen Marines in Kabul or Laken Riley in Athens who died as a result of his policies. As Trump sits at an NYPD funeral at the request of the family, Joe Biden is attempting to push through a radical judicial nominee who serves on the board of an anti-police nonprofit organization.

Erickson’s got a small problem. Solemn Pronouncements don’t work if your “facts” aren’t. For example, at the State of the Union, he said the name Laken Riley. Anyone who tries to verify Erickson’s statement will discover it to be false.

Similarly, Biden attended the return of the Marines lost to our enemies in Afghanistan during the evacuation:

On Aug. 29, President Joe Biden paid his respects to U.S. service members who were killed in a terrorist attack at the Kabul airport. The president and first lady Jill Biden bowed and placed their hands over their hearts as 11 caskets were presented at Dover Air Force Base in Delaware. …

The full video of the dignified transfer ceremony shows Biden honored each of the fallen U.S. service members. [USA Today]

He was there, he honored those who fell because of the former President’s decision to sign a legally binding treaty requiring the United States to leave. Through this act, he honored those fallen heroes.

And, finally, it only takes a little thought to realize that blaming Biden for a bloodthirsty criminal’s actions is intellectually dishonest. If Trump had the opportunity to jail this killer, why didn’t he? Should we blame the lack of the wall when those parts of the wall that have been built by Trump turned out to be a waste? Would he be to blame for a bad wall?

The fact is that, in what some call “this fallen world,” terrible things happen, and sometimes policy is ineffective, whether it’s Democratic policy regarding immigrants or Republican policies regarding gun control. Thoughts and prayers simply do not work. And, yet, each side is willing to take some losses while pursuing their favored policies.

So what of Erickson’s claim about the money raised by the three Presidents? The Radio City Music Hall event was exceedingly popular:

Barack Obama, Bill Clinton and some big names from the entertainment world teamed up Thursday night to deliver a rousing New York embrace of President Joe Biden that hauled in a record-setting $26 million-plus for his reelection campaign.

The mood at Radio City Music Hall was electric as Obama praised Biden’s willingness to look for common ground and said, “That’s the kind of president I want.” Clinton said simply of the choices facing voters in 2024: “Stay with what works.” [AP]

Erickson may be right: $26 million is not peanuts. That Biden didn’t cancel a long planned event is no surprise; if the Diller family had invited President Biden to the funeral, he probably have tried to attend.

But trying to turn this into a question of morality is ruined by Erickson’s own lack of a connection reverence for truth. The truly sad part is that Erickson has expressed dismay concerning Trump and his allies from time to time, so why can’t he be consistent in this dismay and become a NeverTrumper?

Because of Erickson’s addiction to his sides control of power.

A Spike In The Eye

Daily Kos‘ NebraskaDemocrat has a soothing claim:

Another symptom of Trump fatigue is that [Trump’s VP] Mike Pence has declined to endorse his candidacy. In addition, 41 out of 44 Trump cabinet members have declined to endorse him. These are the people who know Trump best. This gives millions of Republicans a permission slip to not vote for Trump in November.

[My bold.] Unfortunately, no source for this claim is given. Still, that even one has outright spoken out against Mr. Trump and his winning reelection – former Chief of Staff John Kelly, for instance – is unprecedented in my lifetime. And I don’t know if all of the Republicans understand this, but the sad tragedy in Baltimore this week, of the container ship Dali knocking down the Francis Scott Key Bridge and killing six construction workers, is doubly a disaster for the Republicans. A big ship loses power, hits the Key Bridge, knocks it over and kills some construction workers, and – worst for Republicans – knocks an important Port offline.

None of this is the fault of Democratic President Biden nor his allies, inside or outside of Congress.

But it is Biden’s responsibility to keep the Nation running as smoothly as possible, and this is a situation where Biden has an opportunity to shine. If my reader remembers Hurricane Katrina of 2005, the bungled response of the Republican Bush 43 Administration was another blot on an Administration that was not only discredited for incompetency and political favoritism, but was replaced by the Democratic Obama Administration, and in the same election Democrats completed their takeover of Congress, begun in 2006.

Biden is reportedly smarter than Bush in this respect, having hired competent administrators for posts such as Secretary of Transportation. The Biden Administration, having experience in untangling supply chains by motivating Ports to move faster after the Covid pandemic, and as Professor Richardson notes,

Perhaps learning from the 2023 East Palestine, Ohio, train derailment, when the government response was fast but quiet and thus opened a window for right-wing complaints they weren’t doing enough, the administration was out front today. Buttigieg rushed to the scene from a trip out West, and Maryland governor Wes Moore told reporters Buttigieg had called him at 3:30 am, just two hours after the crash.

By around 6:00 am, the National Transportation Safety Board already had a team of 24 people on the scene to launch an investigation into the cause of the collision.

Speaking today, President Joe Biden said: “I’ve directed my team to move heaven and earth to reopen the port and rebuild the bridge as soon as…humanly possible. And we’re going to work hand in hand…to support Maryland, whatever they ask for. And we’re going to work with our partners in Congress to make sure the state gets the support it needs. It’s my intention that federal government will pay for the entire cost of reconstructing that bridge, and I expect…the Congress to support my effort.”

And Republicans have tried to turn this disaster to their advantage, blaming it on … governors who prioritize diversity, a particularly juvenile and crass statement of … DEI did this, referencing a left-wing initiative commonly called diversity, equity, and inclusiveness, and the heretofore invisible Senator Schmitt (R-MO), who I had to look up:

Republican Senator Eric Schmitt addresses misinformation on the bridge collapse: the problem here this is the consequence, this distrust of terrible leadership when you have an administration that has weaponized the department of justice.

For those who are solid members of the MAGA base, this is all followed by a head nod. The rest of us? At both best and worst, they’ll be muttering Where’s your evidence? while the rest of us just shake our heads at the repetitious incompetence and clumsy attempts at politicizing a disaster.

And, I must say, Senator Schmitt appears to be particularly clumsy and ill-suited for the job of being a Senator.

Last word I heard was that the Biden Administration was rushing equipment to the scene to help remove debris in order to get the Port reopened, including large helicopters. Because I’m feeling ungracious at the moment, I predict some Republican official will ask why these helicopters weren’t allocated to the effort:

Competency from the Biden Administration, properly messaged and honestly covered by the media, may be a big nail in the Republican coffin of 2024. Between the Freedom Caucus in the House and a portfolio of weak Senators in the Senate, the Republicans are fielding one of the weakest Republican teams in recent times, possibly even worse than those in the 2006 elections, in which

Democrats defeated 22 Republican incumbents and won eight open Republican-held seats. For the first time since the party’s founding, Republicans won no seats previously held by Democrats and defeated no Democratic incumbents.

While many pundits are still hung up on the Trump base, the age of Biden without considering the age of Trump and his concomitant imbecilic behaviors, I’m looking at trends: Trump’s many legal liabilities, shocking record of brazen mendacity, record of corruption, record of incompetence, questions about his wealth, his record as a grifter, and etc, while Biden’s record since taking office, such as excellent messaging, superb economic progress, fast and competent response to incidents, response to Putin’s War (Ukraine invasion), the difficult problem of the Middle East, the excellent folks he’s hired; to summarize, how the trends are positive for Biden, while negative for Trump.

All of this makes me ask what most will call the impossible: Will this be Nixon vs McGovern (1972) all over again, with Biden in the Nixon role as the guy who wins with a record of 49 States to McGovern’s 1 State?

Of course not. All those pundits will tell you that we’re all too polarized for that to happen.

Repeat after me: All those pundits

OK, it won’t happen. Idaho and North Dakota are full of arrogant right-wingers who simply don’t understand the poor quality of most Republican candidates.

But those two States won’t be enough. I’m looking at Biden winning two, perhaps three more States than last time. And the last weeks of the campaign will be peppered by Republican accusations that Biden was in the Dali’s wheelhouse, even at the helm, when the tragic crash occurred.

Because that’s how surreal the far-right has become.

Word Of The Day

Parker Spiral:

The heliospheric current sheet, or interplanetary current sheet, is a surface separating regions of the heliosphere where the interplanetary magnetic field points toward and away from the Sun. A small electrical current with a current density of about 10−10 A/m2 flows within this surface, forming a current sheet confined to this surface. The shape of the current sheet results from the influence of the Sun’s rotating magnetic field on the plasma in the interplanetary medium. The thickness of the current sheet is about 10,000 km (6,200 mi) near the orbit of the Earth. [Wikipedia]

Accompanying the above is this cool depiction:

Noted on Spaceweather.com under the heading Sizzling Sunspot:

Any eruptions this weekend could have a strong effect on Earth. Sunspots located near the sun’s western limb are magnetically connected to our planet via the Parker Spiral. If AR3615 erupts while it is transiting this “danger zone,” energetic protons and electrons may be funneled back toward Earth for a solar radiation storm. Stay tuned!

Opening The Pipeline

I’m a little surprised at the naiveté displayed by some financial commentators concerning the market cap of the company associated with stock symbol TMTG on the markets. In case you’re not familiar with Digital World Acquisition and its acquisition of, or merger with, Trump Media & Technology Group, here’s Adam Lashinsky at WaPo:

The company in question until Monday was known as Digital World Acquisition, a SPAC, or special-purpose acquisition company, formed three years ago. It raised nearly $300 million in a 2021 initial public offering with the intention of buying another company. The company Digital World decided to buy is a now-two-year-old, 36-employee start-up called Trump Media & Technology Group, whose “first” product, according to securities filings, is Truth Social, Trump’s answer to Twitter.

yahoo! finance wants to call it a meme stock because, well, maybe it sounds cool:

[Interactive Brokers Chief Strategist Steve Sosnick] explains his rubric for the hallmarks of a meme stock: “Number one is sort of a quasi-religious fervor. It’s one thing to be enthusiastic about a stock. It’s another thing to just be so hyped up about it. Think about how the real apes were in AMC (AMC), the real devotees in GameStop (GME) early on. Certainly one could say that about the former president’s base, who I think has helped getting DJT stock moving. Second, and sort of part and parcel with this, is disregard for fundamentals. If you’re believing in the faith of the stock, if you have… a non-analytical view of the stock, then you can disregard the fundamentals.”

But Lashinsky’s article offers a remark of interest:

I don’t give investment advice. But I assure you that a company with $3.4 million in revenue and $49 million in losses over the past nine months is not worth $5 billion. Buy into shares of any company with those numbers and you are certain to be taken for a sucker.

That Donald Trump will be the one doing the bamboozling means that investors in his public media company might as well be making a political donation to his campaign or contributing to a Trump legal defense fund instead. This scheme is unfolding in the plain light of day, and securities regulators are powerless to do anything about it.

[The result of this merger will be called Trump Media & Technology Group, a publicly traded company under the stock symbol TMTG.]

When something just doesn’t make sense within a system, don’t try to stuff it into the newest buzzword. In a financial system, ask Who needs money and who owes or benefits from investing in them? In this case, Donald Trump, known to be desperate for large amounts of cash, whether it’s to satisfy legal system requirements or to feed a religious frenzy, may have a windfall:

Truth Social owner Trump Media & Technology Group has finalized its deal to go public, creating a massive windfall for former President Donald Trump that doubles his net worth. …

Bloomberg estimated Trump’s net worth spiked by $4 billion on Monday alone, giving him a fortune of $6.5 billion. [CNN/Business]

But …

[The TMTG] board could waive Trump’s six-month share lockup agreement, although TMTG stock could sink fast if Trump begins to sell. There also are market demand questions, as DWAC shares began falling on Friday after the vote results were disclosed. [Axios]

In other words, Trump does not have immediate access to funds – yet.

All this sets the context, with the exception of asking Who benefits from Trump doing well?

So ask, Whose bidding has he been doing?

That’s right, a popular answer would be Vladimir Putin.

Trump’s actions during his Administration were often thought to benefit Putin, and Mr. Trump’s announced and hinted at plans if he becomes President again would also be beneficial. Consider his refusal to fund Ukraine’s defense, his dislike of NATO and the European Union.

But Putin can’t have Trump in jail or in default, or Trump loses whatever luster he has left with his base. Without that luster, not only would Trump get blown out in the upcoming election, but so would his domestic allies. Autocrat Putin’s allies are the supposed patriots of the United States, the Republicans, remember. He needs them in power, even if they’re a pack of fourth-rate clowns, in order to use them to advance his goals.

So Putin has to pay off his employees, and without being caught.

And I don’t care what sort of safeguards the SEC has in place against market manipulation, if Putin decides to bid up the price of TMTG, he can do it. He has immense resources to mask such manipulations. All Putin’s proxies have to do is bid the price up with only a small gap between offer and bid. And if it isn’t Putin, the same strategy is available to other illicit Trump customers.

When the price of TMTG reaches a desirably high level and Trump is eligible to sell, then he begins selling. Every time the stock price begins to fall, Putin buys more stock at the designated price, thus obviating the news that Trump is selling. Most of the money involved comes from investors, only a bit comes from Putin’s pockets.

I’m no financial advisor, but I don’t plan to come anywhere near this shitstorm. Even if TMTG is on the up and up, it still involves the Trump family, and …

Former Rep. Devin Nunes (R-Calif.) will serve as TMTG’s CEO.

Nunes was a disaster in the House, and his tenure at Truth Social has been similarly dubious. If the market cap sank below $50 million, I might toss in a few bucks, but, truthfully, that’d just be raping the inexperienced investor.

But I’ll be mildly surprised if Putin, or possibly some other international pariah, isn’t involved in this mess.