Author Archives: eehines

Insufficient

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A deal for TikTok is in the offing, but it’s wholly insufficient in my not very humble opinion. The deal breaker for me:

Under the agreement, a new entity would be created to run TikTok in the US. A consortium of new investors including private-equity firm Silver Lake and Oracle would own roughly half. Existing investors such as trading firm Susquehanna International would hold about 30%. TikTok parent ByteDance‘s stake would dip below 20% to comply with a 2024 law requiring the company to do a deal or stop operating in the US.

ByteDance is domiciled in the People’s Republic of China, and so it is subject to the PRC’s national intelligence laws. One of those laws requires PRC companies to answer intelligence community requests for information about its doings in other nations and about the doings of enterprises and individuals in those other nations that do business with ByteDance and those associated with it, and to go get that information—commit espionage—if it doesn’t have it already.

ByteDance‘s under 20% participation in the new TikTok entity might coincide with the American law, but it still leaves the PRC company, and so the PRC government, with too broad a window into American private affairs. Any window, of any size, is too much.

Second Verse Same as the First?

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The last time France tried a wealth tax, just a few years ago, it lost a lot of economic income, and the associated tax revenue on it, as the tax-targeted wealthy pulled up stakes and headed to other nations.

Now it looks like the French government is fixing to try that again.

France’s slide into political and fiscal dysfunction is generating a groundswell of support for a sweeping wealth tax that would represent a radical break from the pro-business agenda of President Emmanuel Macron.
The proposal is the work of French economist Gabriel Zucman, a former adviser to US Senators Bernie Sanders [I, VT] and Elizabeth Warren [D, MA]. He wants to impose a 2% tax on the assets of people with net wealth of 100 million euros, equivalent to $118 million, or more.

Here, though, it’s not just the politicians who have trouble even saying the words “cut spending.” The French unions continually demanding their cushy short work weeks and their even cushier pensions are actively aiding and abetting the government’s wastrelly profligate spending and those politicians who push that spending.

This is a tax that won’t end well for France.

Yeah, And?

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The headline says it:

The US Is Forfeiting the Clean-Energy Race to China

The article’s news writers then went on to decry the Trump administration’s decision to do away with “green” energy/renewable energy production subsidies and to push increased production of hydrocarbon-sourced energy.

They had no answers to oil, natural gas, and coal being far more reliable and lower cost than those renewable sources, sources which cannot compete in the market place without those subsidies. They mentioned the alternative, equally reliable nuclear energy production only as an afterthought.

But the argument over green vs hydrocarbon energy, while at the center of the debate, really is only a sideshow.

Why should we care about producing, or not, green energy? Aside from the fact that atmospheric CO2 is plant food rather than a pollutant, the whole underlying premise of human-caused global warming is false.

Earth has been warming since if was formed because the sun has been heating up since it lit off its fusion core.

Today, some 11,000 years after the last glaciation, we’re still cooler than that geologic warming trend. Some 6,000 years after the glaciers retreated, we were warmer than we are today.

Epochs of higher and temperatures than today and higher and lower atmospheric CO2 than today are unrelated to each other: life was lush during both higher temperatures and higher atmospheric CO2. In those times when higher atmospheric CO2 coincided with cooler-than-today temperatures, life suffered.

Ice cores reaching back 400,000 years indicate that atmospheric CO2 increases coincide with, or lag, planetary warming.

Too much national weal has been wasted on chasing the chimera of global disaster from warming already. Let the People’s Republic of China waste its treasure chasing renewables. It’s a foolish race that has no meaning and so can have no serious winner.

It’s time to knock it off.

Useless Argument

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Amid the hue and cry over Jimmy Kimmel’s TV show being put on hiatus over his lies about Charlie Kirk and his murderer—some saying the government shouldn’t be in the business of pressuring news outlets and others saying Kimmel got what he deserved—there is this argument, as articulated by Ben Shapiro among others:

But I do not want the FCC in the business of telling local affiliates that their licenses will be removed if they broadcast material that the FCC deems to be false. Why? Because one day the shoe will be on the other foot.

What Shapiro, et al., are eliding, though, is that the shoe has been on the other foot since at least the 2016 Presidential campaign season. That’s when The New York Times announced in a front page article that its news room would no longer attempt balanced coverage; it was so dismayed over then-Republican Presidential candidate Donald Trump that its news room would pick a side and openly bias its supposedly objective news writing to favor whoever the Progressive-Democratic Party candidate might be.

Not so long later, a broadcast news outlet announced that there were not two sides to every story, and it began nakedly favoring the Left’s side.

The bias became blatant when the Progressive-Democrat-run Executive Branch began pressuring—threatening—social media outlets if they didn’t start suppressing Conservative commentary.

The bias became overt election interference when CNN participated in the circularly created Russian interference to favor Trump’s election hoax by publishing the “intelligence experts'” letter.

This then was followed by all news outlets (save The New York Post) spiking all “reporting” on the Hunter Biden laptop.

As a result of the Post breaking that story anyway, social media blocked it from posting on the social media outlets.

Then we had Progressive-Democratic Party Congressmen, of whom California’s Adam Schiff is one of the more infamous examples, overtly lying about then-President Donald Trump (R)’s being in cahoots with Russia. Schiff expanded on this with his lies about having the intelligence reports (from the same intelligence community of the letter infamy) to prove it.

I’ll elide the argument that CEOs who fold under mere pressure are unfit for their positions. That the Left and Party politicians have a long and hoary prior history of this pressure and overt action against free speech is no excuse for Republicans to do the same. Spare me, though, the foolishness that one day the shoe will be on the other foot. It already has been, for far too long.

Note: As I write this post (22 September 2025) ABC has taken the position to restore Kimmel to his show and airtime with effect 23 September 2025.

She’s Right

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White House press secretary Karoline Leavitt responded to ex-President Barack Obama (D) after the latter yapped on about Jimmy Kimmel getting suspended for a bit over his own lies about Kirk and about who murdered him.

With all due respect to former President Barack Obama, he has no idea what he’s talking about. The decision to fire Jimmy Kimmel and to cancel his show came from executives at ABC.

And as I’ve already pointed out just below, that was a demonstration of the cowardice of those executives.

Beyond that, President Donald Trump (R) hasn’t arrested any reporters, nor has he snooped into any of the reporters’ mothers’ emails like Obama did. Obama not only is speaking from his ignorance, he’s crassly hypocritical to boot.