Virginia Family’s EZ-Pass Charged $576 After Driving RV Just 45 Miles On State Toll Road

Virginia Family's EZ-Pass Charged $576 After Driving RV Just 45 Miles On State Toll Road

Virginia Family’s EZ-Pass Charged $576 After Driving RV Just 45 Miles On State Toll Road

It’s easy to laugh off people who constantly complain that the government is watching their every move and has hands in their wallets. Then, you stumble upon a story like Jeff Landry’s. 

When Landry set off for a camping trip with his family near Virginia’s Luray Caverns in early October, he expected to pay some tolls – especially because he had his RV.

Traveling from Falls Church with his wife and youngest child following in a minivan, they took I-66’s express lanes during peak hours, expecting to pay $30 or so each way in tolls. But to his surprise, when the EZ-Pass charges appeared days later, the bill totaled an eye-popping $569.50 for the roundtrip, according to MSN/MotorBiscuit.

At first, Jeff thought the bill was a mistake, but after checking the toll website, he realized it was accurate.

The MSN/MotorBiscuit writeup says that his three-axle RV was charged a premium due to its size, but $569.50 for a 22-mile round trip felt excessive to him. He hadn’t anticipated how much dynamic pricing could drive up tolls for larger vehicles during peak hours.

It turns out…the I-66 express lanes, managed by I-66 Express Mobility Partners, adjust toll rates based on traffic demand, charging drivers more to bypass congestion.

Larger vehicles, like Jeff’s 1997 Holiday Rambler RV, incur even higher tolls due to their size and road impact. According to a toll operator’s spokesperson, Jeff’s RV wouldn’t even qualify to use certain other toll lanes in Virginia, so the high charges are firm.

The writeup notes that drivers unfamiliar with toll pricing can easily misjudge costs, as Jeff did.

It says to avoid similar surprises, plan your trip to avoid peak hours, when toll rates are highest; traveling during off-peak times can significantly reduce toll charges. Additionally, check your vehicle’s toll classification, especially if you’re driving a larger, multi-axle vehicle, which typically incurs higher tolls. Lastly, explore alternative routes.

While non-express lanes may add some travel time, they can save large vehicle drivers hundreds of dollars. For Jeff, the express lane shaved only 20 minutes off his trip—an advantage that, in retrospect, didn’t justify the steep toll.

Or, maybe just stay home next time…

Tyler Durden
Wed, 11/13/2024 – 23:00

Schoolhouse Limbo: How Low Will Educators Go To ‘Better’ Grades?

Schoolhouse Limbo: How Low Will Educators Go To 'Better' Grades?

Schoolhouse Limbo: How Low Will Educators Go To ‘Better’ Grades?

Authored by Vince Bielski via RealClearEducation,

Maryland’s new education chief, Carey Wright, an old-school champion of rigorous standards, is pushing back against efforts in other states to boost test scores by essentially lowering their expectations of students.

States, including Oklahoma and Wisconsin, are making it easier for students to demonstrate on annual assessments that they are proficient in math and English after a decade of declining test scores nationwide. By redesigning the assessments and lowering the so-called “cut scores” that separate achievement levels such as basic, proficient, and advanced, several states have recently posted dramatic increases in proficiency, a key indicator of school quality. 

Wright warns that lowering the bar on proficiency can create the public impression that schools are improving and students are learning more when, in fact, that’s not the case. 

“You can make yourself look better to the public by lowering your cut scores,” Wright, the Maryland state superintendent of schools, told RealClearInvestigations in an interview. “But then you are not really measuring proficiency. My position is no, no, no. Parents and teachers need to know if their children are proficient or not.”

As most public schools continue to deal with the related crises of learning loss and chronic absenteeism years after COVID, Wright says now is the worst time to lower expectations of students, which can stifle the impetus to improve. In other moves to accommodate struggling students, districts and states have reduced graduation requirements and inflated grades with policies that ban failing marks. The best evidence comes from studies in Washington and North Carolina showing that grades have held steady at their pre-pandemic levels even though students are learning much less.

With grades and assessments, the education system seems to be sleepwalking into a policy of ratcheting expectations down to better reflect what today’s students can do, rather than doubling efforts to help get students to where they need to be,” said Michael Petrilli, president of the Thomas B. Fordham Institute, which advocates for high academic standards. 

Wright, who took over Maryland schools this summer, is refusing to backpedal on standards in a state that plunged from the top to the bottom in U.S. performance over the last decade. The superintendent says she aims to improve Maryland’s declining proficiency rates the hard way by making academic standards more rigorous in all content areas. As students learn more in class, the theory goes, they should become more proficient on state tests. 

But a strategy that asks more of teachers and students is never an easy lift in districts that often resist top-down calls for change. Without direct control over school districts run by local boards, state superintendents like Wright must depend on the ability to inspire principals and teachers to follow their lead and meet inconvenient truths head-on.

Wright has done it before. As the state superintendent in Mississippi a decade ago, she collaborated closely with districts in lifting content standards and provided support to completely revamp literacy instruction in what was the worst-performing state in the union. Student proficiency soared without lowering cut scores. Educators called it the “Mississippi Miracle.”

“If you set the bar low, that’s all you are going to get,” Wright said. “But if you set the bar high for students, and support teachers and leaders, it’s doable.”

Lowering Cut Scores, Boosting Proficiency

Each state controls its own definition of proficiency and how students can achieve the all-important marker of academic success. They set their own content standards that detail what students need to know in each grade, write their own tests to determine if they are proficient, and devise their own cut scores.

The undertaking is more art than science. There is no accepted single definition of what makes a student proficient. States mostly aim for grade-level proficiency, or what the average student can do, based on their own content standards. A handful of states shoot higher, approaching a more rigorous definition of proficiency spelled out by the National Assessment of Educational Progress (NAEP), commonly known as the Nation’s Report Card. 

By moving the bar on tests and cut scores, education officials have instantly raised or lowered proficiency rates. Over the years, some states have added enough rigor to allow only a third of students to show proficiency while others have reduced it to ensure that the vast majority perform well, Marianne Perie, who has helped more than a dozen states develop assessment methods, told the New York Board of Regents last year. 

Today, states are lowering the bar and lifting proficiency rates. “Oklahoma just lowered their cut scores and Wisconsin is another one that ended up with less rigorous cut scores,” Perie told RCI. “If more kids are proficient this year compared with the previous years, it indicates that cut scores are less rigorous or that kids learned a lot more over the last year.”

High Standards Fall in Wisconsin 

Wisconsin, like most states, has experienced a big drop in proficiency. In 2017, 44% of public school students were deemed proficient in English. That percentage fell in 2018 and 2019 and then plunged in the early years of the pandemic before recovering a bit to 39% in 2023

This year, Wisconsin rolled out its new test and cut scores. State Superintendent Jill Underly was transparent about the changes, explaining in October that the redesign was meant to fix a problem created a decade ago when Wisconsin and other states aligned their cut scores to an “extremely high” level used by NAEP, reducing Wisconsin’s proficiency rate in the years that followed. Underly wrote that Wisconsin’s new grade-level cut scores better reflect the actual proficiency of students, making results easier for families to understand. 

What families saw was a dramatic boost in English proficiency to 48% this year – a nine percentage-point gain over 2023 – due to assessment changes that had nothing to do with classroom learning. 

To be sure, the Wisconsin Department of Public Instruction didn’t tout the 2024 results. It announced that they shouldn’t be compared to prior years since testing methods changed. Still, families who don’t follow the fine print of assessments may be left with the impression that Wisconsin schools are performing much better this year. 

Paul Peterson, a prominent Harvard professor of education policy who has tracked changes to state proficiency levels, says politics seems to be a driver in the lowering of testing rigor. “Student performance is falling so I would imagine the pressure on states to rethink standards must be considerable,” Peterson said. “Officials want to show that they are spending the public’s dollar well, and that students are learning.”

No Notice in Oklahoma

In Oklahoma, a similar assessment revamp unfolded this summer but with a controversial twist: State leaders in Oklahoma didn’t inform school districts or families that they had lowered the bar before releasing the test results in August, according to reports in the local media. 

When school districts saw the results, principals and teachers were in disbelief over the huge increase in performance. In fourth grade English, for instance, 47% of students reached proficiency – an extraordinary 23-percentage-point jump compared to 2023. 

Later in August state Superintendent Ryan Walters, a conservative who has been under fire for insisting that public schools teach the Bible, admitted that the state changed its assessment regime without publicly announcing it. Republican state lawmakers issued a statement criticizing Walters for “putting a false narrative out there” about a jump in test scores. Oklahoma’s Department of Education didn’t respond to a request from RCI for comment. 

I believe in transparency and communication,” said Perie, the testing expert. “Oklahoma was the only state where it seemed like they were hiding the changes.”

New York Denies Lower Standards

As in Wisconsin and Oklahoma, New York’s retooled content standards, assessments, and scoring also produced higher proficiency rates. 

A New York education official told RCI that the goal was to determine what should be expected of today’s students and how to evaluate their proficiency in various subjects using the new content standards. New York saw a dramatic 13-percentage-point increase in math proficiency and a small boost in English in 2023, the year the changes were implemented.

Officials in New York and Wisconsin are adamant that the updated assessments don’t amount to a lowering of academic standards even though proficiency rates jumped. The New York official added that while several factors impact student achievement from year to year, instruction is one of the most highly related attributes.

“It is incorrect and irresponsible to derive from this that the standards have been lowered,” the official said in an email. 

Petrilli of the Fordham Institute calls such explanations from state officials double speak. “By definition these states are lowering standards for proficiency because it’s easier for students to meet the standard than it was before,” he said.

Wright’s ‘Mississippi Miracle’

Education experts say Wright’s tenure as the state superintendent in Mississippi offers a lesson to states struggling with low proficiency rates today: Even in the worst of times, Wright showed, states can raise their expectations of students and get results.

When Wright took over Mississippi schools in 2013, they were at the very bottom in performance nationally. A mere 21% of fourth graders were proficient in reading, according to NAEP. Educators in the South would say, “At least we are not as bad as Mississippi.” 

The decade before the pandemic was a time of rising expectations in public education. With Wright in charge, Mississippi joined half of the states in raising the bar for fourth-grade reading proficiency between 2013 and 2019.

The lifting of expectations was relatively easy. It’s policy making. The tough part for state superintendents was implementing changes in schools to reach those higher goals. For the most part, the higher bars didn’t translate into higher levels of proficiency by 2017, according to research by Daniel Hamlin at the University of Oklahoma and Harvard’s Peterson.

There are only theories as to why: After the Great Recession of 2009, school funding declined. The Obama administration relaxed federal accountability measures put in place by President George W. Bush’s No Child Left Behind reform of 2002. The advent of smartphones became a major distraction for students. 

Mississippi was a notable exception. Its fourth-grade reading proficiency jumped by 11 percentage points from 2013 to 2019, rising to a top 20 performer in the U.S., according to NAEP. In math, the increase was equally impressive.

Wright got results the old-fashioned way, with a tenacious focus on improving proficiency for all students, including those living in poverty, says Washington Cole, then her chief of staff and now a district superintendent in Mississippi. To get there, Wright rolled out a literacy program that was backed by decades of research and, crucially, provided teachers and administrators with extensive training in the model and sent coaches into the lowest-performing schools. “The professional development was a huge part of it,” Wright said. 

Wright also toughened the district grading system that provided public accountability. When districts earned an “A” for performance, they were publicly celebrated by community members and lawmakers, adding to the incentives for other districts to improve. Over a decade, Wright’s team transformed Mississippi into an unlikely national K-12 success story. 

“Dr. Wright set high expectations and her hard work and determination were very infectious with everyone. She was amazing,” Cole said. “I have no doubt that she will do the same thing in Maryland.”

Maryland Tries a Turnaround

Wright has her work cut out for her. After a decade of decline in Maryland, 48% of students are proficient in English and 24% in math. 

In Baltimore City, where almost all students are black or Latino, the numbers are tragically low. Only 6% of middle and high schoolers are proficient in math. More than 40% of Baltimore City students were chronically absent last year, according to a district estimate, well above the national average. Students can’t learn if they don’t show up.

None of this seems to faze Wright, who assumed permanent leadership of Maryland’s schools in July. In returning to her native state, where she earned her doctorate in education and began her career as a teacher and administrator, Wright has wasted no time in setting a very ambitious goal.

In the next three years we are expecting a 5-percentage point increase in proficiency each year in English and math,” she said.

To achieve that goal, Wright appointed a task force of teachers, leaders, experts, and parents to quickly recommend changes to the state’s accountability system, which she discovered painted a very rosy picture for the public. It was giving high marks to three-quarters of all schools despite their low proficiency scores. Wright wants the new system to provide school leaders with clearer measurements on a range of topics, such as the pace of student growth and graduation rates, so they can target their weak areas for improvement. 

Superintendents take a lot of pride in their ratings,” Wright said. “They want to be that district that gets recognized.

Major changes are also coming to classrooms. Wright’s new early literacy policy, which won state board approval in October, details expectations for instruction based on the science of reading and teacher training in an attempt to lift test scores that have fallen to 41st in the country. 

The biggest change in policy puts an end to social promotion. Districts with parental consent will be able to hold back third graders who don’t meet literacy standards rather than promote them to fourth grade, where they will continue to struggle to read, hampering their future performance. It’s the kind of bold change that Wright wasn’t hesitant to push despite opposition from some board members and families concerned about the impact on disadvantaged students. 

It worked for Wright in Mississippi, producing a very large increase in reading performance by sixth grade, according to researchers.

Putting a stake in the ground and saying we are not just going to move kids along if they haven’t learned to read by grade 3 is very powerful and much needed for our education system,” said Joan Dabrowski, the chief academic officer of Baltimore City Public Schools. “Dr. Wright is very clearly telling the districts they need to prioritize this policy and the state will be monitoring districts so there is a lot of accountability.”

Will the policy work? Dabrowski says it depends on the support teachers and principals receive from Wright to make the difficult changes over several years. “I like everything in the policy, but there are lots of points where implementation could go well or not go well,” she said. 

Illinois Next to Lower Cut Scores

In June, Illinois made clear that it plans to boost proficiency too by following the approach of Wisconsin. Illinois Superintendent Tony Sanders said in a report that his state has one of the toughest definitions of proficiency in the nation. He said students who are on track for college could be mislabeled as not proficient, sending a wrong message to their families. 

To fix this, Illinois is planning to adjust its assessment methods by 2025, which will likely boost the state’s proficiency rates. 

If Wright fails in Maryland, would she consider following Illinois and other states in easing the rigor of assessments? 

She scoffed at the idea. 

“When you look over the last decade of dropping test scores, now is not the time to be lowering the bar,” she said. “If you don’t set high expectations, you’re never going to achieve the kinds of goals that you want to achieve. And in our business, it’s called student learning.”

Tyler Durden
Wed, 11/13/2024 – 18:25

US Deficit Explodes: Blowout October Deficit Means 2nd Worst Start To US Fiscal Year On Record

US Deficit Explodes: Blowout October Deficit Means 2nd Worst Start To US Fiscal Year On Record

US Deficit Explodes: Blowout October Deficit Means 2nd Worst Start To US Fiscal Year On Record

It is only fitting that the twilight days of the Biden admin would exhibit more of the same fakeness that defined not only all of the past four years, but certainly the fakeness of that Kamala Harris presidential campaign which had a billion dollars a month ago and ended up in failure, broke and in debt. We are talking, of course, about the relentless debt-funded spree that somehow became synonymous with economic success in the US.

According to the latest Treasury data released today, in October – the first month of fiscal 2025 – the US spent a massive $584.2 billion, a 24.3% increase from the prior year, and a record government outlay for the month of October. On a trailing 6 month moving average basis, to smooth out outliers months, the spending hit $586 billion, effectively at an all time high with just the record spending spree during covid pushing government spending higher.

Key drivers of the deficit widening included outlays in the Departments of Health and Human Services and of Defense, up 12% and 13% respectively, adjusted for calendar differences. Health spending alone jumped by $62 billion compared with the same month last year.

At the same time, the US government collected just $326.8 billion in taxes, down a massive 19% from the $403.434 billion last October, and down even more from the $527 billion in tax receipts in September ’24. As shown in the next chart, while spending continued to grow exponentially, tax receipts have flatlined, and the 6 month average in October was just $380 billion, the same as three years ago!

It’s actually worse than it looks: according to the Treausry, last year’s October tax receipts were unusually higher due to deferred tax receipts that were received that month from companies and individuals affected by disasters including wildfires in California. Taking that into account, the budget deficit this October would have been 22% higher, a Treasury official said.

In any case, netting the two means that the US deficit exploded in October to a staggering $257.5 billion, and even though this included several calendar adjustments – which explains the freak September surplus which as we said was due to calendar effects – the number was not only $25 billion more than consensus estimates of a $232.5 billion deficit, it was a staggering 4x bigger than the $66.6 billion deficit in October of 2023. Worse, it was the second highest October deficit on record, and only the budget busting October when the US was spending to prevent an all-out economic implosion, was bigger.

And putting the deficit in context, October – the first month of the fiscal year – was just shy of the biggest deficit start to a year for the US Treasury on record, with just fiscal 2021 (i.e. October 2020) bigger.

In contrast with what has been a terrifying trend for some time now, the Treasury’s debt-servicing costs only rose slightly in October. Gross interest costs totaled $82 billion in October, unexpectedly down $7 billion from $89 billion in the same month a year before.

The drop meant that LTM interest spending posted the first (very modest) sequential drop – from $1.133 trillion to $1.126 trillion –  since August 2023.

That’s because the weighted average interest rate for total outstanding debt by the end of September was 3.30%, at roughly 15-year highs, but down slightly from the month before, the second monthly decline.

However, don’t expect this decline in interest spending to persist because even though the Fed has cut rates twice since September, this has been more than offset by the surge in debt which at last check was just shy of $36 trillion, and unless Elon’s Department for Government Efficiency (DOGE) manages to somehow slash trillions in both spending, this is what US debt will look like for the next few years, guaranteeing that interest on said debt will very soon become the single largest spending category for the US government.

The mindblowing figures illustrate the monumental challenge for Trump and all those promising to rein in US debt, which has exploded to 120% of GDP after four years of Biden’s “drunken-sailor” spending ways. Last night Trump tapped Elon Musk and Vivek Ramaswamy to look at ways to cut spending. Thursday’s figures showed the bulk of the outlays are in areas that are bound to be politically challenging to address, in other words, any cuts even remotely close to the $2 trillion suggested by Vivek would lead to a revolt.

Tyler Durden
Wed, 11/13/2024 – 18:00

McMaken: Congress Should Fire Jerome Powell

McMaken: Congress Should Fire Jerome Powell

McMaken: Congress Should Fire Jerome Powell

Authored by Ryan McMaken via The Mises Institute,

There were a few seemingly tense moments at the FOMC press conference on Thursday when two reporters asked Jerome Powell about the prospect of Donald Trump asking Powell to resign.

The first reporter asked “would you resign if asked to do so by Donald Trump?”

To this, Powell responded with a resounding “no” followed by silence.

A few moments later, Powell was asked by another reporter if it was lawful for Trump to either remove or “demote”—that is, remove Powell as chairman, but leave him on the Board of Governors—Powell.

To this, Powell responded with a forceful “not permitted under the law.” 

Apparently, Powell wished to leave no ambiguity whatsoever about this position that he cannot be removed or demoted by a sitting president. 

It would agree that the spirit of the law here is that a president not be able to remove a  Fed chairman, except for some kind of misconduct. But, ambiguity remains. Even Alan Blinder, a proponent of the myth of “Fed independence,” admits that in the world of political reality, Trump could potentially remove Powell:

Experts who spoke to ABC News acknowledged that some legal ambiguity looms over what type of conduct warrants sufficient cause for removal, but they said a policy dispute is unlikely to meet such a standard. Still, Trump could attempt to push out Powell and test how courts interpret the law, experts added, noting that the case could end up with the conservative-majority Supreme Court.

“Trump could try and he might try,” Alan Blinder, a professor of economics at Princeton University and former vice chairman of the Federal Reserve. “It’s very unlikely that he has that authority, but if he takes this to the Supreme Court, I don’t know what to think of the Supreme Court.”

Instead, Trump could leave Powell in his position on the Fed’s 7-member Board of Governors but demote him from his role as chair, Blinder said.

“That’s a subtle question that has never been tested,” Blinder said, acknowledging a lack of clarity about whether it would be allowed. “We can’t answer that quite as definitively.”

In any case, Trump would likely have to expend some serious political capital if he wants to remove Powell via presidential power. 

Yet, Powell’s defiance ought to provoke us to ask why wealthy, pampered, out-of-touch technocrats like Jerome Powell get to act like their removal constitutes some sort of transgression. Central bankers are just bureaucrats, and their removal ought to be regarded with no more trepidation than the removal of an undersecretary of agriculture. 

Congress Should Fire Powell, and Not Stop There

Regardless of what Trump’s legal powers may be, it is clear that Congress has the power to remove Powell, just as Congress has the power to abolish the central bank altogether. 

The Congress ought to abolish the Fed entirely, of course, but if members lack the stomach for that heroic act, Congress can begin with amending the Federal Reserve Act to make it clear that the chairman of the Fed is not a Holy Person, untouchable by the mere mortals who are actually elected to run the federal government. There are many ways Congress could approach this issue. For example, Congress could rewrite the law to allow Congress to remove the Fed chairman with a majority vote in either house. It doesn’t really matter, so long as central bankers get the message that they’re not special. 

While Congress is at it, it could make a few other crucial changes as well. Congress should prohibit the Fed from buying any assets of any kind. This would end the Fed’s habit of buying up mortgage-backed securities and government securities to prop up the banker class and Powell’s buddies—i.e., Janet Yellen—at the Treasury. It would also end the Fed’s ability to manipulate interest rates since the Fed’s main tool here is its “open market operations.”

A second key change that is very necessary is removing the Fed’s so called “dual mandate.” As the Fed likes to often mention, the Fed has a dual mandate of both “stable prices” and “maximum employment.” Congress should immediately abolish the mandate for “maximum employment” because the only purpose this has ever served has been as an excuse for the central bank to inflate the money supply. As is abundantly clear from Fed press conferences and publications, the Fed routinely justifies its dovish policy in terms of fulfilling its mandate to maximize inflation. That is, the Fed often says something to the effect of “we’re embracing easy-money policy because our dual mandate to maximize employment says we have to.” Congress should just delete the mandate. 

(By the way, the Fed actually has a third mandate. It’s to ensure “moderate long-term interest rates.” Getting rid of the Fed’s power to purchase assets probably nullifies this mandate in any case, but Congress might as well remove any doubt and totally prohibit the Fed from manipulating interest rates of any kind.)

Fed Independence Has Never Been Used for Good Things

Of course, if Congress were to attempt any of this, Fed simps in the media and in Congress will try to talk about how such things are unprecedented and we must respect “Fed independence.” Media stories in the Fed often claim that attempts by elected officials to rein in Fed technocrats violate “long-standing norms” that respect Fed independence. 

This is a fantasy version of history. There is not now, and there has never been, any such thing as Fed independence because the Fed always willingly helps the regime get what it wants. 

Early on, Fed independence didn’t even exist in theory, and was explicitly limited in law. Prior to 1935, the Comptroller of the Currency and the Secretary of the Treasury sat on the Fed’s Board, thus ensuring a direct line from the White House to the Fed. 

In 1933, of course, Franklin Roosevelt issued an executive order abolishing the gold standard and ordering the Fed to turn over all its gold to the Treasury. So much for “Fed independence” under the Left’s favorite twentieth-century president. 

Even after 1935, it was understood that the Fed would always assist the Treasury with funding whenever necessary. This again became obvious during the Second World War when the Fed essentially helped launder funds for the war effort. The Fed agreed in 1942 to peg interest rates on government securities. The Fed also engaged in a variety of price control measures and regulations designed to assist the White House. 

Only since the Monetary Accord of 1951 has there been a de jure nod to giving the Fed autonomy on policy. The Fed has never used any of this alleged autonomy to do anything good, however. We’ve seen this proven countless times since the Fed has always gladly done its part to ensure the Treasury gets what it wants. From the Fed’s efforts to finance federal deficits in the 1970s, to the Plaza Accord in 1985, and to the flood of easy money since 2008, the Fed has never used its so-called independence to actually rein in federal profligacy. 

What Matters to the Fed Is Protecting the Banking Class

Central bankers have never cared about Fed independence as a way of limiting state power.

According to its own historical narrative, the Fed has now allegedly been “autonomous” for sixty years or more. Has inflation and federal spending been more restrained during that time? Obviously not.

The Fed has always and everywhere been happy to enrich the state, regardless of whatever levels of self-governance it might achieve. 

The real reason the Fed wants more independence is so the Fed can also more easily enrich the banker class while also making the Treasury happy.  That is, the banking cartel that works hand in glove with the Fed cares deeply about having control over who gets onto the Board of Governors and who gets to be chairman. The elite bankers are perfectly willing to effectively serve the Treasury so long as the cartel gets to have its own people in charge. This is how the banker class ensures that its monopolistic powers are protected, the competition is crushed, and the bailouts are guaranteed. 

If the Fed pushes back against the elected government, it’s only if the priorities of the elected government conflict with the Fed’s priority, which is serving the interests of the banker class. Experience makes it abundantly clear that central bankers are fine with endless price inflation. But, the Fed wants to inflate in a way that most suits the Fed and the banking cartel. That’s why Powell and the Fed are so opposed to the idea of being removed from office. There is no higher principle here. There is only power. 

Tyler Durden
Wed, 11/13/2024 – 06:30

Supreme Court Denies Mark Meadows’s Request In 2020 Election Interference Prosecution

Supreme Court Denies Mark Meadows's Request In 2020 Election Interference Prosecution

Supreme Court Denies Mark Meadows’s Request In 2020 Election Interference Prosecution

Authored by Matthew Vadum via The Epoch Times (emphasis ours),

The Supreme Court on Nov. 12 turned away former Trump White House Chief of Staff Mark Meadows’s request to transfer his election interference case from a Georgia state court to federal court.

Then-White House chief of staff Mark Meadows in the East Room of the White House in Washington, on Sept. 23, 2020. Joshua Roberts/Getty Images

The justices issued the court’s new unsigned order without explaining why, as is its custom when rejecting petitions.

Meadows filed his petition with the Supreme Court on July 26, arguing that the case should be heard in federal court because he was performing his duties as a federal officer when he disputed election results.

Meadows was indicted by a state grand jury in Fulton County, Georgia, in August 2023, over his role in President Donald Trump’s challenge to the 2020 presidential election results in Georgia, a state he ultimately lost in that election.

Meadows was accused of violating the Georgia RICO (Racketeer Influenced and Corrupt Organizations) Act during the period from Nov. 4, 2020, which is the day after that year’s presidential election, to Sept. 15, 2022, for his allegedly illegal efforts to contest the presidential results in the state.

He argued that the case should be heard in federal court because, “for nearly two centuries, Congress has provided a federal forum for federal officers facing criminal charges brought by state and local officials,” according to the petition.

“Over time, Congress has consistently expanded access to federal forums for federal officers invoking federal defenses,” he argued.

A federal district court in Georgia refused to stay the prosecution in September 2023.

The U.S. Court of Appeals for the 11th Circuit ruled against Meadows in December 2023, allowing the prosecution in Fulton County to proceed.

Tyler Durden
Tue, 11/12/2024 – 23:30

Liberal Elite At UN Climate Conference Calls For Meat Tax 

Liberal Elite At UN Climate Conference Calls For Meat Tax 

Liberal Elite At UN Climate Conference Calls For Meat Tax 

The UN Climate Change Conference, known this year as COP29, kicked off on Monday and will last through the 22nd of this month. Many of the usual climate grifters have skipped the event as de-growth ‘green’ policies in the US are being prepared to be rolled back to some degree under a Trump presidency. Even Swedish far-left activist Greta Thunberg skipped the event (pre-occupied with pro-Palestine protests?). 

On Tuesday, UN Secretary-General António Guterres told the world leaders who attended the event that last year’s meeting was a “master class in climate destruction,” adding, “The sound you hear is the ticking clock.”

Guterres also said the transition to clean energy “won’t be stopped by no group, no business, and no government.” He was likely referring to Trump’s plan to roll back certain climate policies that are strangling the economy and simultaneously boosting inflation, making US companies unable to compete in international markets. At the same time, China operates free of these de-growth policies. 

One particular speech by Willem Branten, the public affairs officer of True Animal Protein Price (TAPP) Coalition, a non-profit foundation focused on taxing real meat out of existence to reset the global food supply chain into a planet-based future, caught the internet’s attention given radical far left and their billionaire funders have been pushing fake meat and insects as a way to solve the so-called ‘climate crisis.’ 

LoL.

WEF propaganda non-sense. 

TAPP’s Branten said the quiet part out loud: using policy warfare, such as the “greenhouse gas emission price mechanism” – or a meat tax – to fund their climate crisis agenda and eventually end the overconsumption of animal protein.

Calling for a meat tax while US retail ground beef prices are soaring shows just how out-of-touch liberals are with concerns of the working class. That’s why they lost the election in the US. 

In other words, the themes of de-growth and de-population promoted by the UN are being pushed by radical leftists who want to control every facet of life—what you eat, drive, and how you live. Trump’s victory last week was a vote by the American people that rejects radical climate grifters and their Marxist friends that have sparked the worst inflation storm in a generation. 

Tyler Durden
Tue, 11/12/2024 – 18:00

“I Was Paid Nothing”: Oprah Denies Million Dollar Payment By Harris Campaign

"I Was Paid Nothing": Oprah Denies Million Dollar Payment By Harris Campaign

“I Was Paid Nothing”: Oprah Denies Million Dollar Payment By Harris Campaign

A TMZ reporter confronted Oprah Winfrey about claims she was paid a million dollars to host a town hall for Kamala Harris’ failed presidential campaign. Oprah rejected those claims. While she may be correct that she did not receive a personal fee, her production company did receive campaign funds from the Harris team.

The TMZ reporter asked Oprah: “How did you think the election went?” 

Oprah responded: “Not talking about the election. Thank you very much.” 

TMZ reporter then asked: “Is it true they [Harris campaign] paid you a million dollars for the endorsement of Kamala”

Oprah responded: “Not true. I was paid nothing – ever.” 

On Sunday, in a note titled “FEC Filings Show Kamala Harris Team Blew Funds On Hollywood Stars, Private Jets,” we cited Federal Election Commission filings that show Harpo Productions, which, after searching through public records, Oprah is a director, member of the board and officer of the production company, received a million dollars from the campaign. 

Per the FEC filing…

Meanwhile, a Harpo spokesperson told Variety that the Harris-Walz team never “paid a personal fee” to Oprah.  

“The campaign paid for the production costs of ‘Unite for America,’ a live-streaming event that took place Sept. 19 outside Detroit, Mich.,” the spokesperson said, adding, “Oprah Winfrey was at no point during the campaign paid a personal fee, nor did she receive a fee from Harpo.” 

“Sounds like this should be a bigger scandal,” one X user said. 

That’s right. 

Oprah’s presence on the campaign trail, as well as that of many other leftist Hollywood stars, had zero impact on the election outcome. Trump’s message on inflation and illegal aliens trumped Democrat’s message about gender and women’s rights.

Trump won 312 electoral votes. Republicans have majorities in the Senate and House.

Tyler Durden
Tue, 11/12/2024 – 07:20

The Two Thanksgivings Between Halloween And Christmas

The Two Thanksgivings Between Halloween And Christmas

The Two Thanksgivings Between Halloween And Christmas

Authored by Timothy C. Hemmis via RealClearHistory,

In the United States, November 11th has been known as Veterans Day since 1954 (before that, it was known as Armistice Day). Originally, Veterans Day commemorated the Allies’ victory in World War I. However, after the Second World War, veterans of that conflict including Dwight Eisenhower pushed to expand the holiday to honor all veterans. In many ways, this holiday is about giving thanks to those who have served in wars to protect the United States of America. In that sense it is as much a day of thanksgiving, if not more so, than the one at the end of the November.

The Thanksgiving we all know and love, which we celebrate with turkey, mashed potatoes, cornbread dressing/stuffing, cranberry sauce, and a multitude of pies, began as a solemn day of prayer and remembrance. Churches and political bodies often declared a day of thanksgiving after major events. These “holidays” could take place any time of the year. So why November?

President George Washington issued the first national day of thanksgiving on November 26th, 1789 as a day for prayer and giving thanks to God “for his kind care and protection of the People of this Country previous to their becoming a Nation.” But Washington’s declaration was not the start of an annual holiday.

President Abraham Lincoln, from the prompting of writer Sarah Josepha Hale, officially set a national holiday on the final Thursday of November in 1863. Established during the Civil War, the new holiday encouraged Americans to remember and give thanks for blessings and military successes of the United States of America. Lincoln and Hale both thought a holiday could help heal the divided nation.

By the 20th century, Thanksgiving morphed into the feast we know today. The modern holiday is loosely based on the “First Thanksgiving” that the Pilgrims of Plymouth Colony had in 1621, which was a harvest feast and a solemn day.

The rise of American consumerism during the late 19th century led to the growth of holiday meals and celebrations. During Franklin D. Roosevelt’s presidency, the holiday was moved to the third Thursday of November, which allowed for a few extra days of Christmas shopping to help boost an economy that had been limping along during the Great Depression. One could say that the holiday creep started with FDR.

As both Veterans Day and Thanksgiving are sandwiched between Halloween and Christmas, these November holidays have unfortunately been relegated to a secondary status.

Despite the origins of both these days of thanksgiving, we often forget the history and get swept up in the hustle and bustle of the holiday season. There is nothing wrong with putting up your Christmas tree early, but hopefully you and your family can pause and celebrate the two days of thanksgiving this November.

Timothy C. Hemmis is Associate Professor of History with a specialization in Early American History at Texas A&M University – Central Texas in Killeen, Texas. His research focuses on empire, national identity, war and society in Revolutionary America (1750-1815). He earned his Ph.D. from the University of Southern Mississippi in 2015. He is a fellow with the Jack Miller Center.

Tyler Durden
Mon, 11/11/2024 – 23:25