Virtue signaling

Anti-Asian hate crime stats to date. A COVID19 surge ahead?

As with almost everything, the mainstream media want to whip up a story that anti-Asian hate crimes could surge during the current pandemic due to Trump calling it the “Chinese virus“. Never mind that the mainstream media used the term itself until it became more fashionable to turn it into a dog whistle to attack the president. Forget context and perspective when chasing clickbait.

Hate crime in America has fallen from 9,861 incidents in 1997 to 7,120 in 2018. These are official FBI stats. We’ll have to wait till November 2021 to get the official 2020 aggregated hate crime statistics unless the FBI release an interim statement.

The Hill noted,

“The FBI is assuring the public that investigating hate crimes remains a top concern amid the coronavirus outbreak.

The agency updated its guidance on COVID-19 to note that “protecting civil rights and investigating hate crimes remain a high priority for the FBI.” The update comes amid growing warnings about hate crimes targeting Asian Americans over the coronavirus.

The bureau added in an intelligence report obtained by ABC News this week that “hate crime incidents against Asian Americans likely will surge across the United States, due to the spread of coronavirus disease … endangering Asian American communities.”

According to the FBI, anti-Asian hate crime has fallen from a peak of 527 in 1996 to 148 incidents in 2018. In 2018, Asians were 0.00071% likely to suffer a hate crime relative to the Asian American population. Technically, one could argue there was a 13% surge on the 2017 figure. Why didn’t the media drum up a story on that?

After the 9/11 terrorist attack, anti-Islamic hate crimes surged from a trough of 22 before the incident to 481 in 2002. At last count, there were 188 hate crimes against the Muslim community in 2018, or 0.0076% of the representative population in America, a 31% fall on 2017.

Anti-Native American hate crimes trended at a very low level out to 2010. Since then they’ve surged from a low of 44 cases to 154 under Obama and at last count under Trump sit at 194 in 2018.

Anti Hispanic hate crime has fallen from a peak of 636 in 1997 to a trough of 299 in 2015 to 485 at last count.

Anti-Semitic hate crimes remain the highest among all religions in America. They have drifted down to a low of 609 in 2014 from the peak of 1,182 in 1996 but in 2018 saw a resurgence to 838 or 0.0147% of the representative population.

As a % of the black population, Anti-Black hate crimes have fallen from 0.0131% to 0.0046% of their racial background. In 2018 hate crimes fell 4% on 2017 to 1,943 incidents. In 1996 this figure was 4,469.

Why didn’t the media run the narrative of Zika or Ebola causing a surge in anti-African American crimes given those viruses were named after places in Africa? Surely any old excuse will do for foaming at the mouth racists.

As a % of the total population, anti-white hate crimes have slid from 0.00052% in 1996 to 0.00024% in 2018, up from 0.00016% in 2011. The media would never run a narrative that hate crimes against whites have jumped since 51% since 2011.

However, what would a surge in anti-Asian hate crimes entail in the media’s mind? With the law of small numbers, any surge won’t require much in absolute terms.

As of 2018, statistically one was 8x more likely to suffer an anti-LGBT attack than an anti-Asian hate crime in America.

In a world where smartphones are everywhere (aka amateur news reporters), it is surprising that despite this, the mainstream media hasn’t unearthed one grainy picture of a racist wailing at Asians over COVID19. Could it be the media might have to stage a Jussie Smollett hoax to drum up the narrative?

Marvel’s New Warriors – Safespace and Snowflake

SandS

Just when we thought we had heard it all in the world of identity politics, Marvel has decided to introduce five new (social justice) warriors – including Snowflake and Safespace. Marvel notes that,

“Psychic Twins. “All twins are psychic, but we’re psychic-er.” Snowflake, a cryokinetic, can materialize snowflake-shaped shuriken projectiles for throwing. Safespace can materialize pink forcefields, but he can’t inhabit them himself, the reflex only works if he’s protecting others. They’re hyper-aware of modern culture and optics, and they see their Super Heroics as “a post-ironic meditation on using violence to combat bullying.” They’re probably streaming this.

“Snowflake and Safespace are the twins,” the writer says, “and their names are very similar to Screentime; it’s this idea that these are terms that get thrown around on the internet that they don’t see as derogatory. [They] take those words and kind of wear them as badges of honour.”

“Safespace is a big, burly, sort of stereotypical jock. He can create forcefields, but he can only trigger them if he’s protecting somebody else. Snowflake is non-binary and goes by they/them, and has the power to generate individual crystalized snowflake-shaped shurikens. The connotations of the word ‘snowflake’ in our culture right now are something fragile, and this is a character who is turning it into something sharp.

“Snowflake is the person who has the more offensive power, and Safespace is the person who has the more defensive power. The idea is that they would mirror each other and complement each other.”

Not to worry, to help our anxious teens, Marvel has also introduced:

Screentime – a Meme-Obsessed super teen whose brain became connected to the internet after becoming exposed to his grandfather’s “experimental internet gas.” Now he can see augmented reality and real-time maps, and can instantly Google any fact.

Trailblazer – a group home and foster kid who is volunteering at a senior centre. Her “magic backpack” is actually a pocket dimension with seemingly infinite space, from which she can pull out useful or random objects—it’s not always under her control. She claims to get her power from god, but “not the god you’re thinking of.”

B Negative – is the goth kid. When he was a baby he got a rogue lifesaving blood transfusion. He has a bad attitude.

Will this be the Gillette moment for Marvel? Are there enough triggered millennials who will flock to the new comic series? Would Disney invest in a movie which moved from classics such as The Incredible Hulk to a movie based on Snowflake and Safespace? We wrote about the box office failures of movies that went woke here.

Disney bought Marvel in 2009 for $4 billion. Since then it has generated $18bn in Marvel comic-based movies. They made a bundle out of Pixar too.

Death from consuming fish tank products is apparently Trump’s fault

Chloroquine

Trump Derangement Syndrome knows no bounds. One man has died and his wife put in ICU after ingesting fish tank products that include the ingredient Chloroquine Phosphate thinking it would save them from coronavirus.

Trump said that chloroquine has shown “very, very encouraging early results,” in treating COVID-19. He went on to say that chloroquine taken in combination with the antibiotic azithromycin could be “one of the biggest game-changers in the history of medicine.”

Chloroquine has been used since the 1930s to treat malaria. Hydroxychloroquine sulphate, often sold as Plaquenil, was developed from chloroquine because it has lower side effects. Plaquenil is also an antirheumatic medicine and is used to treat symptoms of rheumatoid arthritis and discoid or systemic lupus erythematosus.

Never mind that the instructions clearly state “fish only” and “aquarium use only“. Frankly, if anyone consumes something that clearly states not to do so has only themselves to blame.

Dettol clearly displays its products kill human coronavirus yet we haven’t seen a rush of deaths related to improper use of the product. If PM Scott Morrison said that Dettol has ingredients that can help kill coronavirus, would you drink it before checking the label?

Image result for dettol coronavirus

You have to wonder at what point Trump won’t be responsible for something in the eyes of the mainstream media.

We are aware that identity politics is poisonous. We never imagined that people would identify as fish.

 

 

Dr Fauci slaps mainstream media narrative on a rift with Trump

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We have probably all seen the supposed facepalm moment by Trump’s lead on COVID-19, Dr Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases.

The mainstream media has been eager to write about massive disagreements between Fauci and Trump. The hope is that he sacks him so they can fuel their chronic Trump Derangement Syndrome by creating conspiracy theories there is a rift.

Dr Fauci came out yesterday countering this narrative by saying,

That is really unfortunate. I would wish that would stop because we have a much bigger problem here than trying to point out differences…

…the president has listened to what I have said and to what the other people on the task force have said…when I have made recommendations he has taken them. He has never countered or overridden me…

…The idea of just pitting one against the other is just not helpful. I wish that would stop and we would look at the head at the challenge we have to pull together to get over this thing…”

His interview here. From 6:13 is where he discusses the non-existent rift.

https://omny.fm/shows/mornings-on-the-mall/wmal-interview-dr-anthony-fauci-m-d-03-24-20

Whether it is the Democratic Party exploiting a crisis by stalling a rescue bill with rubbish or the mainstream media drumming up a narrative, it is clear that defeating Donald Trump is a far more important operation than stopping a pandemic and destroying the economy in the process.

Never let a good crisis go to waste

Never let a good crisis go to waste. Democrats have been doing their utmost to show partisanship during coronavirus. Instead of trying to help their fellow citizens, they see it better to throw in some irrelevant nice to haves which will do nothing to help Americans fight the economic impacts of coronavirus as bargaining chips.

Here are 20 examples.

  1. Corporate pay statistics by race and race statistics for all corporate boards at companies receiving assistance.
  2. Corporate board diversity targets
  3. Bailing out all current debt of postal service
  4. Required early voting
  5. Required same-day voter registration
  6. $10,000 bailout for student loans
  7. For companies accepting assistance, 1/3 of board members must be chosen by workers
  8. Provisions on official time for union collective bargaining
  9. Full offset of airline emissions by 2025
  10. Greenhouse gas statistics for individual flights
  11. Retirement plans for community newspaper employees
  12. $15 minimum wage at companies receiving assistance
  13. Permanent paid leave at companies receiving assistance
  14. hiding the citizenship status of College Students from the Census Bureau
  15. expanded wind & solar tax credits
  16. $100,000,000 for NASA’s environmental restoration group

While it is fair game to question the contents of a $1.8 trillion rescue package, none of the above will help Americans combat coronavirus. So the Dems have upped it to $2.5 trillion to include the above, including $1.5k in aid per individual; as much as $7.5k for a family of 5.

We suppose when the central bank has committed to endless QE, what does an extra $700bn on top of $1.8 trillion matter?

Unlimited QE and a reminder of discontinued series

Just when you thought it couldn’t get crazier, the Fed has announced that it will buy unlimited sizes of treasuries, mortgage-backed securities and corporate bonds. Recall our comments in 2018 when the Fed discontinued its reporting of assets. We noted that the Fed discontinued M3 money stock in 2006, two years before the GFC. Coincidence?

We were always struck by former Fed Chair Janet Yellen’s comments in 2016:

Monetary and fiscal policy is far better prepared for large positive shocks than negative ones

and 2017:

Don’t expect another financial crisis in our lifetime

The only thing left is to buy equities outright which would require an act of Congress. Such moves once again only highlight just how bad the situation has become. The Bank of Japan can hardly be credited with success over its ETF based equity purchases. It has now lost $30bn in this recent market rout. We should mention that the BoJ is a top 10 shareholder in almost 50% of listed stocks, creating an overhang of epic proportions should it ever announce it wants to reduce holdings. It now owns $300bn and due to be $400bn by year-end.

MSM relishes trade of economic depression via pandemic over Trump as POTUS w/ no virus

Trump Derangement Syndrome (TDS) knows no bounds. Yes, the mainstream media (MSM) is celebrating the milestone that the Dow is below the level when Donald Trump was inaugurated.

We have always said that if Trump continued to boast about market gains he would have to wear it on the downside too. Alas, he is being hoisted by his own petard.

Sadly, as much as CNN and others relish the though of Trump out of office, we sincerely doubt the vast majority of Americans would trade a pandemic with catastrophic unemployment over business as usual before the WuFlu with a Trump at the helm.

Markets are forward looking. They anticipate where corporate earnings are likely to be. This market rout has little to do with Trump’s policies in isolation.

We’ve said repeatedly that global central banks have created a debt bomb through reckless monetary policies over the last two decades. They have proved just how little impact cutting rates to zero or throwing $850bn in handouts has on markets. They’re out of ammunition. Confidence is shot. We’re in uncharted territory.

Boeing is the perfect canary in the coal mine. The 737MAX debacle which is imminently due to be on sale again to a market that has effectively vanished. Airlines are cutting routes and it will be up to the zombie lending cycles of aircraft leasing companies to renegotiate rates so they can keep the patient alive. Airlines will push out deliveries.

However before Boeing’s core business troubles, the management embarked on short term incentive chasing buybacks to the tune of $43bn since 2013. The company is trading negative equity and has drawn down ALL of its credit lines ($13.8bn) and now wants a handout.

All of this is the product of two decades of mindless expediency. Governments are just as culpable for allowing greed to override common sense. No lessons have been learnt since 2000 and especially 2008. Blue chips like Boeing and GE are now heading to record lows because of it. Ford Motor is rated junk. How long before Boeing and GE fall foul of the same problem?

We are particularly interested in the next set of results from Parker Hannifin. It is like the global industrial hardware store. All of the major manufacturers use Parker for parts – pumps, hydraulics, pneumatics, valves, hoses etc. When we see Parker’s upcoming report on order flows we can gauge how bad it is at the manufacturing coal face.

This time we are staring at a “global depression” and it would be nice to think the MSM would try to put some context around the ramifications of this virus and the raft of economy killing policies governments around the world are introducing instead of just blaming Trump. Yes, he’s been his normal self during this but is he responsible for the actions of other countries going into shutdowns? Seriously? Do the US Coronavirus stats stack up poorly vs countries like Italy on a relative or absolute basis? No. Moreover COVID-19 cases in the US are a mere fraction of H1N1 swine flu cases which the media made nowhere near the level of hysteria as now. It’s a disgrace how far the media will go for clickbait.

Had the world’s central banks behaved sensibly to stop excessive debt and allowed markets to function freely, this pandemic would have had far less effect than it is now because we would have had the ammunition to fight this war of attrition. Now all our governments and regulators are doing is moving phantom armies across maps trying to stop economic Armageddon.