Why are Western political classes ignoring the rise in debt costs?

via notayesmanseconomics One of my main themes is that the western political structure seems unable to wean itself off a policy of fiscal stimulus and largesse.There were the extraordinary spending efforts in the Covid pandemic which you might reasonably think would  be followed by some retrenchment. But that has not happened and we have seen …

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Cal State LA shuts down campus over ICE presence, classes moved online faculty told to stay home immediately

Campus treats immigration enforcement like a health emergency… 🚨BREAKING: Cal State LA just moved classes online and let faculty work remotely, not for a storm, not for COVID, but because ICE is in the area. Let that sink in, an entire university is treating immigration enforcement like a public health crisis. A country built by… …

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Elon Musk criticizes United Airlines CEO for diversity quotas in pilot classes.

“Diversity really has nothing to do with safe travel,” a former Federal Aviation Administration safety team representative, Kyle Bailey, told Fox News Digital about the trend of DEI in the airline industry. “It’s basically all a matter of flight time, your credentials, your background, how much flight experience you have and also your training.” “Regardless of what …

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Displaced by illegals high school students must request by email prior to classes to have a teacher available

Ah, the modern education system – where students need to book a teacher like a dinner reservation. Totally normal! Ask not what your country can do for you but what your country can do for illegal immigrants. — The Rabbit Hole (@TheRabbitHole) January 10, 2024 The situation in James Madison High School is even worse …

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RRP facility drop stems from Treasury’s 5.4% bill funding, diverting funds. When RRP depletes, liquidity shortage may spike short-term rates, impacting asset classes.

by Virtual_Crow The RRP facility is used to take excess liquidity out of the system. Banks have a ton of extra deposits that they would loan out, and if there’s too little demand for loans they’d loan it at less than 5% (for short term loans). The Fed doesn’t want that because loaned deposits multiply …

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Universities set up classes to teach witchcraft, magic ‘This is what happens when society is evacuated of Christian content’

The founders of many universities in the West started the institutions to teach Christianity. Some have moved far from that goal. In fact, a report at The Washington Stand points out how several schools, both in the United Kingdom and the United States, have started teaching witchcraft. And magic. And occult. And ritual. Those schools …

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DON SURBER: WVU cuts classes, not overhead.

via donsurber: WVU is broke due to crazy overspending, and needs to make cut. But cutting only teaching faculty and no administrators looks like a stunt to squeeze more money out of the legislature. The reaction to cutting programs instead of fat is as one may expect. Fools fell for it. The local paper blamed …

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