Tag Archives: politics

Truth and Courage

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On the matter of woke culture and canceling, The Wall Street Journal editors wrote about McDonald’s CEO Chris Kempczinski’s private text to Chicago Mayor Lori Lightfoot following her visit to the McDonald’s restaurant that was the scene of the murder of a 7-year-old child. That text was, in pertinent part,

p.s. tragic shootings in last week, both at our restaurant yesterday and with Adam Toldeo [sic]. With both, the parents failed those kids which I know is something you can’t say. Even harder to fix[.]

The mob howled and Kempczinski went directly to his knees and begged forgiveness.

The Editors had this about the matter, and they’re right as far as they went.

It’s a sign of our destructive times that saying in a private text that adults have some responsibility for the fate of their children is unacceptable.

But that’s far from all of the matter. It’s also a sign of our destructive times that American CEOs like Chris Kempczinski are such abject cowards and beg to apologize for having spoken uncomfortable truths.

We don’t have a Canadian-style truth code, but with company pseudo-leaders like Kempczinski, we don’t need one.

Weakness

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Russia is continuing to withhold a free flow of natural gas to the EU, holding the flow down in order to elevate prices inflicted on the EU’s citizenry and to restrain Europe’s industrial capacity.

Gas prices have soared in Europe in recent months due to low inventories and a recovery in demand as the economy rebounds from the pandemic. The price surge has taken a toll on energy-intensive industrial activity while consumers face a steep rise in energy bills as the winter heating season begins.

Those prices are five times the level of just a year ago—before Biden surrendered to Putin on the Russia-sponsored hacker shutdown of Colonial Pipeline by unblocking the finishing of Russia’s Nordstream 2, which unblock also was in furtherance of Merkel’s demand for Russian natural gas via that cross-Baltic Sea pipeline.

Officials and analysts say that Moscow is using Europe’s energy crunch to gain geopolitical leverage.

Well, of course Putin is. He’s not an idiot.

And

In another sign that Russia isn’t about to significantly boost supplies to Europe, Ukraine’s gas transmission system said Sunday that it hasn’t received any additional requests from Gazprom and the gas transit remained below capacity.

This is the outcome of outgoing German Chancellor Angela Merkel’s and newly arrived American President Joe Biden’s (D) enthusiastically pursued energy policies coupled with Biden’s overt timidity in front of Putin. First, demonstrate Europe’s weakness. Only after that, exploit that weakness.

It stretches credulity beyond breaking to believe two such heavily intelligent people didn’t anticipate this.

Government Controls

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Here’s the latest version of the Biden-Harris administration’s attempt to expand government control over our economy, this time using Medicare drug pricing as their venue. This example also is the latest inclusion in the Progressive-Democratic Party’s reconciliation bill.

The Health and Human Services Secretary will “negotiate” 10 to 20 of the drugs that Medicare spends most on, starting in 2025. Drug makers will get socked with a 95% excise tax on gross sales if they don’t agree to the government’s price.

This is a textbook example of the fascism version of socialism. Companies are free to produce and sell whatever they want, so long as it fits within Government requirements directing what is produced, the volume of production, and the prices to be charged.

Yet, Biden can’t make the trucks run on time.

Bipartisanship

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Joe Lieberman wants some, particularly regarding any nuclear weapons agreement with Iran.

The only way to assure that [bipartisan unity] is for President Biden to submit an agreement with Iran to the Senate as a treaty, needing 67 votes to be ratified. That would require support from members of both political parties. It would bring Washington, for a moment, back to bipartisanship in foreign policy.

And

Achieving an agreement with Iran that could get 67 votes in the Senate wouldn’t be easy, but it is worth the effort. It would restore the longtime bipartisan consensus in Washington about Iran….

What is it that Lieberman wants here–bipartisanship, which is a worthy step to a lasting worthy agreement?

Or a permissive path for Iran to obtain nuclear weapons, which it then will use to destroy Israel, to sell to terrorists for attacks on Europe and the US, and to use itself around the world?b

An agreement that facilitates Iran getting nuclear weapons is not a worthy one.

A Risk and a Solution

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Japan’s Softbank Group has reported a significant loss driven by the technology company crackdown the People’s Republic of China government has inflicted on PRC tech-oriented companies and Softbank’s heavy investments in those companies.

Masayoshi Son, Softbank’s CEO, now is saying

Our China risk is not so huge. It is within our control[.]

And

It is a time of severe trials for China’s high-tech stocks. We are right in the middle of a storm.

And, as paraphrased by The Wall Street Journal,

[T]here is only so much more damage turmoil in China can do.

Here’s a thought: Softbank could eliminate the risk altogether and prevent any further damage by divesting itself of all PRC-oriented holdings and no longer investing at all in PRC companies, whether tech or ditch digging or anything in between.