Society's ChildS


Stock Down

US housing market sees biggest drop in value since financial crash of 2008

us houses suburbs
© Jim Watson/AFP via Getty Images) / Getty Images
Potomac Wealth Advisors president and founder Mark Avallone says the 'trickle down' effect will take hold later this year.

The U.S. housing market suffered the biggest drop in value since 2008 as home prices came crashing down.

That's according to a new report from real estate brokerage firm Redfin, which showed that the total value of U.S. homes tumbled from a record high of $47.7 trillion in June 2022 to $45.3 trillion at the end of the year — a decline of $2.3 trillion, or 4.9%.

It marks the biggest drop in percentage terms since the 2008 financial crisis, when home values plunged by 5.8% from June to December.

Comment: The comparisons to 2008 abound, but it seems that's because economies never really recovered, and they were instead just put on temporary life support with tax payers money:


Eggs Fried

Net zero is the reason we have empty supermarket shelves

empty shelves
© Lee Thomas
It wasn't meant to be like this: rationing is back, now being introduced in some supermarkets for fruits and vegetables. Typically, the public debate remains stuck on Brexit - or "Vegxit". But this is much more to do with cold weather in farming regions, poor harvests in North Africa and Spain, and continued high energy costs.

If public expectations are that they should be able to eat tomatoes, peppers and cucumbers in February, something previous generations could barely imagine, it is perhaps understandable that logistics along an attenuated supply chain will play a major part. Yet the fact that this has happened during a relatively normal period, without a pandemic or general strike, highlights once again that the model on which successive governments have based their food and farming strategies is now deeply flawed.

At the heart of the problem is a Department for Environment, Food and Rural Affairs (Defra) still in the grip of the Green Blob and wholly uninterested in the messy business of producing food. The paradigm has shifted but the civil servants haven't. Defra's preoccupation remains "sustainability" and environmental management - seemingly denying that large quantities of food can be produced while maintaining high environmental standards.


Comment: That's because "sustainability" doesn't mean what people think. It is a code word for neo-Malthusianism. Economic development is not "sustainable," and that includes supplying "large quantities of food." It has little to do with environmental standards and more to do with undoing the developed world.


In fact, in many respects, a regeneratively farmed environment can be better for biodiversity than "rewilded" land. Nevertheless, thanks to net zero targets, acres of productive land continue to be given over to solar farms, while the nation's roofs remain relatively unpanelled. Trees are favoured in place of crops and animals. The Government's flagship Environmental Land Management scheme has a bias towards cutting production. All of which won't be much use if our people go hungry.

Sherlock

THREE of Mexico's oil facilities hit by fires in one day

pemex oil fire 2023
© Samy Rodriguez/Perfil Regional/via REUTERSEmergency services work as smoke rises following a pipeline explosion at the facilities of state-owned oil company Pemex, according to local authorities, in Ixhuatlan del Sureste, Veracruz state, Mexico, February 23, 2023 in this still image taken from video obtained from social media.
Three fires broke out on Thursday at different facilities in Mexico and the United States operated by state-owned Mexican oil company Pemex, leaving five missing and eight others injured as of Thursday evening.

Five people were unaccounted for after a fire at a storage facility in the state of Veracruz that had sent three others to a hospital, the company said in a statement.

The cause of that fire, which had been put out, had not yet been determined, the company added.

Comment: Whilst accidents happen, the number of fires and explosions, particularly at food processing and energy facilities, leads one to suppose that at least some of them are sabotage, especially because the disruption of those supply chains aligns with the professed goals of those pushing the Great Reset agenda:


See also: Lightning reportedly causes explosion and fire at Pemex oil platform in Gulf of Mexico (2019)


Fire

Safety report finds crew tried to stop Ohio train after alert about wheel bearing

ohio train derailment
© Tannen Maury/EPAAn aerial image of destroyed rail cars as cleanup continues in East Palestine, Ohio.
The crew of the freight train carrying dangerous chemicals that derailed in Ohio earlier this month received a warning about an overheating wheel bearing and tried to slow the train before it came off the tracks, according to an interim report released on Thursday by the National Transportation Safety Board (NTSB).

The wheel bearing was heating up for several miles before reaching 253 degrees Fahrenheit hotter than the air temperature, investigators found, a dangerous level requiring a train to stop to prevent disaster.

The train engineer utilized the brakes and the automatic braking system also activated, the report said. But the train still derailed and was engulfed in a huge fireball, near the town of East Palestine, on 3 February.

Comment: RT reports:
The devastating chemical spill caused by the derailment of a Norfolk Southern train in East Palestine, Ohio earlier this month was "100% preventable," National Transportation Safety Board (NTSB) chair Jennifer Homendy told reporters on Thursday. The press conference followed the agency's release of a preliminary report on the incident.

"We call things accidents. There is no accident," Homendy said. "Every single event we investigate is preventable." However, she added, there was no indication that the train crew had done anything wrong.
"Know that the NTSB has one goal, and that is safety, and ensuring this never happens again."
The NTSB's preliminary report on the disaster revealed that the temperature of one of the train's wheel bearings spiked 215 degrees Fahrenheit over the last 30 miles (48km) it traveled, confirmed by two sensors placed along the route used to detect hot bearings.

While Norfolk Southern confirmed on Thursday that the heat sensors were working properly, the train's own alarm was not set to go off until an even higher temperature was reached. By the time the alert sounded, the bearing was 253 degrees hotter than its surroundings, and while the engineer quickly acted to slow the train, the bearing reportedly failed, causing a derailment at the 23rd car, according to the report.

The plastic pellets inside the car caught fire when they were exposed to the overheated bearings, soon spreading to the 11 other cars containing hazardous materials, including five full of vinyl chloride that authorities ultimately decided to vent and burn onsite. The investigation determined this action was taken because the temperature inside one of the tanks full of vinyl chloride was continuing to rise, leading the operator to fear an explosion was imminent.

Acknowledging that it was "too early to tell" for certain how the disaster could have been avoided, Homendy told reporters that the NTSB will continue to investigate whether industry safety standards regarding the heat threshold for high-temperature alarms and other defect detectors, rail car and wheel design, and the spacing of sensors along the track need tweaking.

Norfolk Southern's inspection practices will also be scrutinized, and the agency will look at whether the rail operator properly disposed of the vinyl chloride, she said. Residents have blamed the fire for a growing number of bird, livestock and fish deaths as well as water contamination in the area, although state and federal officials insist the air and water are safe.



Mr. Potato

Best of the Web: World's most ridiculous fact-checker mistakes a verb for a noun, pens nonsense paragraphs explaining why Hersh's Nord Stream reporting must be wrong because explosive seaweed is impossible

Pascal Siggelkow
Last summer, the plague chronicle got debunked by man-bun sporting "fact-finder" Pascal Siggelkow. This bizarre mediocrity for the clown car license-fee funded state media operation known as Tagesschau, and his latest foray into debunkery (knowledge of which I owe to Florian Warweg on Twitter) really sets a new bar for media ineptitude. As you read, remember that Tagesschau is not some stupid blog or a regional television show, but rather a leading German television news service produced by ARD with an associated print operation, which altogether reaches millions of Germans everyday.

Lately, Siggelkow directed both digits of his IQ to the problem of debunking Seymour Hersh's Nord Stream story. His objections are mostly the usual stuff that everyone is complaining about, but at some point his beleaguered brain stumbled across what he thought was new and heretofore undeboonked detail. Specifically, he found Hersh's report that divers would "plant shaped C4 charges" on the pipelines wildly improbable, because C4 charges do not generally come in the form of plants.

Pascal Siggelkow article

Whistle

Whistleblower exposes new FBI scandal

FBI/Friend
© Federal Bureau of Investigation/Fox News/KJNSteve Friend
FBI agents caught committing a broad array of felonies have not only escaped going to prison for their crimes, but in many cases kept their jobs, according to internal reports from the agency's Office of Professional Responsibility obtained by former special agent Steve Friend and published by Just the News on Thursday.

The disciplinary reports, dating from 2017 to the present, depict an increase in alcohol abuse and sexual misconduct, reflecting the "sense of entitlement that has seeped into the agency," Friend, who resigned after blowing the whistle on civil liberties abuses in the FBI's investigation of the January 6 Capitol riot, told the outlet. He believes today's agents are coasting on the reputation of their predecessors.


Comment: The FBI has secrets it wants to keep.


Jet3

Officials reveal cost of shooting down 'UFOs' - WSJ

F-22 Raptor, cockpit, fighter jet
© US Air Force / 1st Lt. Sam EckholmFILE PHOTO: A US Air Force pilot is seen in an F-22 Raptor fighter jet during an exercise near Fort Lauderdale, Florida, December 1, 2020.
The Pentagon blew more than $1.5 million to shoot down three mysterious objects spotted in US and Canadian airspace earlier this month, multiple defense officials told the Wall Street Journal, though they suggested the true cost is likely higher.

The $1.5 million figure provided to the Journal on Wednesday only covers the cost of the four AIM-9X Sidewinder missiles used to shoot down the 'UFOs' over Alaska, Lake Huron, and the Yukon region in Canada, excluding funds spent by the Coast Guard, Navy, and National Guard in searching for the debris.

"The flights used to spot the balloons and eventually shoot them down are not part of the cost estimates, because the US military considers the flights part of its pilots' training and has already budgeted those flight hours," the outlet added, citing the defense officials.

One of the missiles failed to hit its target, requiring another $400,000 Sidewinder to send the unidentified object plummeting into one of Michigan's Great Lakes.

Comment: See also:


Syringe

Why America needs a COVID truth commission

mrna covid vaccine vials pfizer mandate
© AFP via Getty Images/Thomas KienzleVaccine mandates forced many frontline workers to choose between their careers and a vaccine.
When America faced the national tragedy of the Space Shuttle Challenger exploding in 1986, Congress created a commission with independent outside experts, including the Nobel Prize-winning physicist Richard Feynman. His iconic demonstration of a faulty O-ring made brittle in the cold as the cause of the Challenger disaster led to fundamental reforms at NASA.

The American people deserve a similar bipartisan, scientifically minded COVID-19 commission so the public-health disaster of the past three years is not repeated.

Due to insufficient protection of older people — whose COVID-mortality risk is more than 1,000-fold higher than that of the young — official counts attribute more than 1 million deaths to COVID in the United States and almost 7 million worldwide. Though people vehemently disagreed about the wisdom of lockdowns, school closures, vaccine mandates and discrimination, masks and so much else, there is near-universal agreement that what we did failed.

Comment: Notice there is no mention of 'reconciliation' connected with the proposed commission, and rightfully so. Those who devised and implemented the useless, not to mention tyrannical Covid measures should be tried and jailed. Start with Fauci and go from there.


Light Saber

Roald Dahl's children's books to be republished with original text along with 'edited' versions

roald dahl book covers
Some of Roald Dahl's beloved stories
Author's literary estate and publisher offer 17 of his novels in their original form in addition to less offensive, edited books

Following the uproar and "debate" over the decision to republish Roald Dahl's children's books with less offensive language, the author's estate and publisher have announced that they would re-release those same books with the original text intact.

Earlier this month, the Roald Dahl Story Company and publishers Puffin announced that "sensitivity readers" had recommended hundreds of edits to Dahl's books, ranging from minor changes — like altering the description of Augustus Gloop in Charlie and the Chocolate Factory from "fat" to "enormous," and replacing the word "female" throughout Matilda with "woman" — to the rewriting of entire passages that were deemed offensive and non-inclusive.

The decision, obviously, sparked controversy and accusations of censorship from free speech groups and the writer's organization PEN America. "Roald Dahl was no angel but this is absurd censorship. Puffin Books and the Dahl estate should be ashamed," the author Salman Rushdie tweeted. Even U.K. prime minister Rishi Sunak slammed the edits, noting that fiction should be "preserved and not airbrushed."

Comment: This isn't about a commitment from Penguin to preserving Dahl's oeuvre unsullied. This is about money. A perusal of various second-hand book sites will show that demand and prices for vintage Roald Dahl titles has skyrocketed. Penguin understands it's missing out.

Let Dahl have the last word on his lack of political correctness:




Bomb

5 killed in Arkansas plane crash while en route to scene of a fatal explosion at Ohio factory

train plane crash
© Staton Breidenthal/Arkansas Democrat-Gazette/APEmergency vehicles appear near the site of a small aircraft crash in Little Rock, Arkansas, Wednesday.
Five people who worked for an environmental response consulting firm were killed in a plane crash Wednesday in Little Rock, Arkansas, while on their way to a metal factory explosion site in Ohio, officials said.

The plane was carrying employees of the Center for Toxicology and Environmental Health when it took off from Bill and Hillary Clinton National Airport in Little Rock around noon Wednesday, according to the firm and the Federal Aviation Administration.

The employees were headed to John Glenn Columbus International Airport in Ohio to respond to a fatal explosion at a metal factory, a spokesperson for CTEH told CNN in an email.

Comment: More on the plant explosion from NPR:
A maintenance worker was killed and 13 were sent to hospitals with injuries after an explosion and large fire at a metal plant outside of Cleveland, Ohio.

[...]

Emergency crews responded to I. Schumann & Co. in Bedford, Ohio, around 2:20 p.m. on Monday. The cause of the explosion is still unclear, but photos shared on social media and in local news reports showed debris scattered for hundreds of yards, damaged vehicles and a plume of smoke visible for miles.

[...]

About 60 fire personnel from more than a dozen departments responded to the explosion, and the damage to the interior of the plant is "pretty catastrophic," Oakwood Village Fire Captain Brian DiRocco said at a press conference Tuesday.