Netflix Fires 150 Employees In Wake Of Catastrophic Decline

Harder! Faster!

WOKE kills. Netflix, once the go-to streaming service, is now soaked in agitprop and leftist propaganda. Even their ‘best offerings’ are unwatchable because of its relentless leftwing messaging. Insufferable.

Netflix lets go of 150 employees amid continued decline in company trajectory

By 

‘As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company,’ a Netflix representative said.

‘As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company,’ a Netflix representative said.

Netflix lets go of 150 employees amid continued decline in company trajectory

Entertainment giant Netflix has announced that it is firing a further 150 employees amid a decline in its stock price and loss of subscribers.

As reported by Rebel News in April, Netflix saw a tremendous drop in subscribers during its first quarter, which fell by 200,000 — a far cry from its expected goal of adding 2.5 million new subscribers.

At the time, Tesla CEO Elon Musk suggested that the “woke mind virus is making Netflix unwatchable,” suggesting that the company’s shift toward social justice programming was a primary driver of the decline.

Last week, Netflix released a new memo announcing that it would no longer be catering to the woke demands of its employees, informing them in a public statement that employees offended by the content Netflix produces are free to find jobs elsewhere.

Musk praised the move as a “good move.”

On Tuesday, Netflix informed CNBC that slowing revenue growth meant having to slow the company’s cost growth — thus necessitating the termination of 150 of its employees.

“As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company,” the Netflix representative said. “So sadly, we are letting around 150 employees go today, mostly US-based.”

“These changes are primarily driven by business needs rather than individual performance, which makes them especially tough as none of us want to say goodbye to such great colleagues. We’re working hard to support them through this very difficult transition,” said the company rep.

The firing of the 150 employees comes just two weeks after Netflix laid off staff at the woke fan site Tudum, most of whom were black women, seemingly hired as diversity tokens only to be let go months after the site’s launch.

AUTHOR

EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

Elon Musk Warns Biden, Democrats Moving Economy Towards Venezuela

Indeed. President Biden is Jimmy Carter on steroids.

Elon Musk Warns Biden, Democrats Moving Economy Towards Venezuela

By Conservative Brief, May 18, 2022

Elon Musk is hitting President Joe Biden and the Democrats with some reality that they are not going to like.

The Tesla, Space X and Starlink CEO has warned that the United States is economically headed the way of Venezuela by following the Democrat Party’s policies.

“I have voted overwhelmingly for Democrats, historically – overwhelmingly. Like I’m not sure, I might never have voted for a Republican, just to be clear,” he said during an episode of the All-In Podcast. “Now this election, I will.”

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Meat Shortage Alert: Are You Prepared?

New Food System Will Stop at Nothing to Control You


STORY AT-A-GLANCE

  • The globalist takeover is coming at us from every possible angle. Whether we’re talking about biosecurity, finance, housing, health care, energy, transportation or food, all the changes we’re now seeing have one goal, and that is to force compliance with a totalitarian slave system
  • The global food system, and protein sources in particular, are currently under coordinated and intentional attacks to manufacture food shortages and famine
  • The globalist elite intend to eliminate traditional farming and livestock and replace it with indoor-grown produce and lab-created protein alternatives that they own and control
  • While the presence of hundreds of food brands gives the appearance of market competition, the reality is that the food industry is monopolized by fewer than a dozen companies, and all of them, in turn, are largely owned by BlackRock and Vanguard
  • Eventually, your ability to buy food will be tied to your digital identity and social credit score

The globalist takeover agenda is nothing if not comprehensive. They’re coming at us from every possible angle, and whether we’re talking about biosecurity, finance, housing,1 health care, energy, transportation or food, all the changes we’re now seeing have one goal, and that is to force compliance with a totalitarian slave system.

In an April 27, 2022, blog post,2 investigative journalist Corey Lynn takes a deep dive into the new food system being put into place, and how it is geared to control you.

“‘Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.’ This famous quote by Henry Kissinger is ringing more and more true by the week,” Lynn writes.3

“The globalists already control the majority of the money, are moving ever so swiftly to convert the energy system over into systems they are all invested in, and have been taking drastic measures to control the food industry while running much of it under the radar. If they control the seeds they control the food, and if they control the food they can use the digital ID to control consumer access to the food.

While a rash of fires suddenly destroy food processing, meat, and fertilizer plants, during a time where farmers are hurting and supply chain issues are kicking in, an entire traceable food infrastructure system has already been built in multiple cities and is making its way across the globe …

The USDA and FDA have already approved lab grown meat, genetically modified cattle, and are funding the globalists to research and develop cellular agriculture as well as indoor growers and genetics companies …

Union Pacific is mandating railroad shipping reductions by 20% impacting CF Industries Holdings, the world’s largest fertilizer company. Vanguard, BlackRock and State Street happen to be the top shareholders of Union Pacific, and BlackRock and Vanguard are in the top three shareholders of CF Industries Holdings.

By mapping some of the largest vertical farms, it reveals the crops, grocery stores involved, locations and billions pouring in by globalist investors and shareholders. It quickly becomes evident that this is the global plan to control all produce — ingredients that go into all food products.”

The Secret Monopoly

As noted by Lynn, this monopoly has been locked into place over the course of many years. Slowly but surely, the monopoly has grown, under the radar of public consciousness, which in turn has resulted in food getting simultaneously more expensive and less accessible.4

Now, as the final pieces are being put into place, many are waking up to the realization that we’ve been massively fooled and are now at the mercy of a figurative “handful” of unelected people whose megalomania is unsurpassed in human history.

While the presence of hundreds of food brands gives the appearance of market competition, the reality is that the food industry is monopolized by fewer than a dozen companies,5 and all of them, in turn, are largely owned by BlackRock and Vanguard. The growing fake meat market is similarly dominated by a very small number of large food giants6 which, again, are owned by BlackRock and Vanguard.

BlackRock alone holds $10 trillion in assets,7 up from $6 trillion in 2017.8 Combined, the three largest investment firms in the world, BlackRock, Vanguard and State Street, have ownership in nearly 90% of all S&P 500 firms.9

Through their investment holdings they secretly wield monopoly control over ALL industries, so the idea that there is competition anywhere in the marketplace is really just an illusion. You never learned about their ever-expanding monopoly because they also own the centralized media.

It’s hard to tell which of the two is more influential. Vanguard owns a large share of Blackrock. Owners and stockholders of Vanguard include Rothschild Investment Corp,10 Edmond De Rothschild Holding,11 the Italian Orsini family, the American Bush family, the British Royal family, the du Pont family, and the Morgan, Vanderbilt and Rockefeller families.12,13

Blackrock, meanwhile, has been called the “fourth branch of government,” as they are the only private firm that has financial agreements to lend money to the central banking system.14

Food Security Is Undermined by Patentable Food

In 2014, the U.S. Congress established the Foundation for Food and Agriculture Research Act (FFAR) through the Farm Bill. After siphoning off $200 million in taxpayer funds to get the foundation started, FFAR became a nongovernmental not-for-profit organization. Bill Gates is one of its funders, and its first board of directors included deputy director Dr. Robert Horsch of the Bill & Melinda Gates Foundation.15

The mission of FFAR is to “connect funders, researchers and farmers through public-private partnerships to support audacious research addressing the biggest food and agriculture challenges.”16 In reality, it’s been used to undermine food security by increasing reliance on gene-edited and patentable foods.

In April 2019, FFAR launched the Precision Indoor Plants (PIP) Consortium, a public-private partnership of indoor growers, breeders and genetics companies with the shared goal of advancing speed-breeding and altering plant chemicals responsible for flavor, nutrition and medicinal value. Five key crops being worked on are lettuce, tomatoes, strawberries, cilantro and blueberries.

In August 2020, Monsanto/Bayer helped found a startup called Unfold, which develops new vegetable seed varieties specifically geared for vertical farms. According to Lynn, “GMOs already account for 75 to 80% of food Americans consume,”17 and once fresh produce is under patent, that percentage will inch closer to 100%.

The University of California is also working on plant-based mRNA vaccines. The idea there is to disseminate vaccines through the conventional food supply,18 which puts a whole new spin on the old adage to “Let thy food be thy medicine.”

“Bill Gates insists that droughts and climate change is destroying our ability to farm and that the future will consist of populations moving into metropolitan cities where indoor vertical farming is necessary to feed people.

If this is the case, why has he acquired 242,000 acres of farmland over the past decade while simultaneously investing in indoor vertical farming? Who gets to sit at the table with healthy produce served up by Gates while the rest of the population eats gene-edited produce from locked-down facilities, delivered to their local grocery store, and accessed only through a digital ID?” Lynn asks.19

“Meanwhile, the Consultative Group of International Agriculture Research (CGIAR) holds the world’s largest private seed banks consisting of 10% of the worldwide germplasm across the globe, which is controlled by the Bill & Melinda Gates Foundation, Rockefeller and Ford Foundations, and World Bank, managing 768,576 accessions of hijacked farmers seeds …

[W]hat’s going to happen to the farmers when these astronomically enormous indoor vertical farm facilities have taken over every major city, locked in contracts with all major grocery store chains, and are funded by some of the same billionaire globalists who are seeking to control human beings through every industry for their fourth industrial revolution?

It’s a legitimate concern. Add ‘gene-editing,’ ‘smart,’ ‘traceable,’ and ‘net zero’ to the production of these facilities, and the fact that they are still moving full speed ahead on digital IDs and currency, and it becomes even more concerning …

Whereas this provides a lot of explanation on the absolute intentional demolition to all of our farmers on the seed, vegetable, and produce front, people should also be aware of what’s been taking place with cattle ranchers and the globalists’ plan to take over the meat industry as well.”

Controlled Demolition of the Protein Supply Is Underway

As I explained in yesterday’s weaponized bird flu article, alleged outbreaks of bird flu and COVID-19 in food animals, along with drought and fertilizer shortages, have led to the mass culling of flocks20 and cattle herds21 around the world. So much so, we’re now told to expect egg,22 poultry and meat shortages.23

Add to that a global fertilizer shortage that is limiting the amount of animal feed that can be produced this year, and the curious decision to limit U.S. fertilizer shipments on trains, which restricts distribution and raises the cost of what little remains. Experts predict it may take up to three years to replenish global grain stocks,24 and in the meantime, farmers won’t have a readily available supply to feed their livestock.

Canada-based Nutrien Ltd., the world’s largest fertilizer company, recently warned the shortage is likely to extend into 2023. The price of fertilizer has also “skyrocketed to absurd heights that have never been seen before,” The Economic Collapse Blog reports.25

The U.S. and U.K. are also paying farmers to not farm all their available land, California is paying farmers to grow less, ostensibly to save water, and the U.K. is encouraging farmers to retire by offering them a lump sum of £100,000 — all while publicly predicting looming food shortages.26 On top of that, the two largest water reservoirs in California have also fallen to “critically low levels” and wildfires are devastating agricultural land across the western half of the U.S.27

Food production is being blatantly attacked and irrationally restricted on so many fronts, it’s clearly an intentional demolition of primary protein sources28 — meat, egg and dairy.

“February 1, 2016 the Good Food Institute was launched … with funding from the Bill & Melinda Gates Foundation, the Open Philanthropy Project, and Y Combinator, with the goal to ‘reimagine meat production,’” Lynn writes.29

“In October 2021, the Good Food Institute celebrated the USDA’s $10 million grant for the creation of the first-ever National Institute for Cellular Agriculture at Tufts University so they can back researchers in manufactured meat.

To be certain all of these goals are locked into place and the UN 2030 agenda is achieved, disrupting the fertilizer industry, food supply chain, and a rash of coincidental fires to food processing plants sure would help to seal the deal, wouldn’t it?”

The Emperor Has No Clothes

In a blatantly self-serving gesture, Gates has publicly called for the West to quit eating beef and transition to lab-grown meats, ostensibly to address climate change. He’s also railed against legislative attempts to make sure fake meats are properly labeled, since labeling would slow down public acceptance.30

Not surprisingly, Gates is financially invested in several faux meat companies.31,32,33 As luck or godlike foresight would have it, he’s also invested in genetically engineered fertilizer alternatives.34 Lynn writes:35

“Bill Gates explained his love for fertilizer in 2018 while in Tanzania.36 Coincidentally, Gates-led and Rockefeller-funded Alliance for a Green Revolution in Africa (AGRA) has been an epic fail, with a first ever evaluation report37 that came out on February 28, 2022 after a 15-year effort with bold claims to rescue Africa’s small farmers.

Their false promise to ‘double yields and incomes for 30 million farming households by 2020’ was removed from their website in June 2020 after an assessment by Tufts University revealed little evidence of progress, and in fact showed a 31% increase in hunger.

Evaluators stated there were many deficiencies and AGRA’s reporting and monitoring data was weak. Even the German government is considering pulling funding from AGRA over their pesticide use, which is ironic because Gates claims we need to remove pesticides in the U.S. and move to indoor vertical farming …

One of AGRA’s biggest achievements was their participation in 72 agricultural policy reforms in 11 African countries, pertaining to seed, fertilizer and market access. Laws were created to protect intellectual property rights for ‘certified’ seeds, as penalties were created for open-source seed sharing.

Imagine being a farmer, homesteader or gardener and having to share and trade seeds on the black market so you don’t get penalized. Anyone who believes they won’t try this in the U.S. is kidding themselves, especially since the globalists hold the largest private seeds banks, and invest in the largest commercial seed companies …

On March 17, 2022, a notice was published38 to the U.S. Federal Register seeking comments by May 16, 2022 on Competition and Intellectual Property System: Seeds and Other Agricultural Inputs. Remember to read through the proper lens when reviewing this notice that derived from an executive order signed by Biden in July, 2021 on promoting competition in the American economy.

Their ultimate goal — every human being, every piece of food, resource, and product on this planet will be tracked and traced via blockchain. This isn’t a theory — it is their goal. In July, 2021, the FDA released their ‘New Era of Smarter Food Safety’ which consists of using tech-enabled traceability for a digital, traceable food system, from farm to plate using blockchain.

A digital identity to grant access to establishments, control financial spending, and trace everyone’s moves has been rolling out on multiple fronts, including the vaccine ID passport. Eventually they will try to move toward a chip, as it will be easier with biometrics being installed everywhere …

There is no way to sugarcoat this system they are implementing. Whereas vertical farming is brilliant in many ways, and could be beneficial on a smaller scale in communities, the fact that this is the global agenda to remove farms and control all produce by the globalists themselves, makes is incredibly concerning …

We must work together to find a way forward and continue to say no to the digital ID they are creating to control our access and spending, while building self sufficiency and security together.”

For solutions to this rapidly approaching dystopian future, review my previous article, “Why Food Prices Are Expected to Skyrocket,” and Lynn’s article “Finding Sources of Fresh Food.”39

Part of the answer is to grow your own food, to the best of your ability. Another part is to support local growers by buying their produce, or else they’ll get pushed out. Starting local co-ops and community gardens can also go a long way toward creating food security in the long term.

At the same time, we also have to reject globalist solutions like fake meat, gene-edited beef, GMO foods and all the rest of it. It’s time to recognize that none of their solutions are for our benefit. They’re for our detriment. The World Economic Forum has declared that by 2030, you will own nothing. They mean it. They will take everything from us, including the right to grow our own food, if we let them.

Sources and References

EDITORS NOTE: This MERCOLA column is republished with permission. ©All rights reserved.

Twitter Exec MOCKS Elon Musk for Believing Public Can ‘Make Their Own Decision’ on Platform

*CLICK HERE TO TWEET OUT THE VIDEO*


Project Veritas has published the second part of our series on Twitter.

This story features undercover footage of Lead Client Partner, Alex Martinez, an employee for the tech giant, who sometimes speaks on behalf of the company at events. This footage shows a very candid Martinez speaking about how the company’s “ideology” led them to be less “profitable,” among other incendiary comments.

Here are some of the highlights:

  • Alex Martinez: “Right now, we don’t make profit. So, I’m going to say ideology, which is what led us into not being profitable.”
  • Martinez on free speech: “The rest of us who have been here believe in something that’s good for the planet and not to give people free speech.”
  • Martinez on censorship: “People don’t know how to make a rational decision if you don’t put out — correct things that are supposed to be out in the public, right?”
  • Martinez on Musk: “Elon Musk as a person is whatever. I don’t — like, he’s a loony toon. He has Aspergers.”
  • Martinez on Musk: “He has Aspergers… So he’s special. We all know that. And That’s fine. So here, no wonder he’s going to say some f***ing crazy sh*t because he’s special.”

You can watch the full video HERE.

Ironically enough, Martinez can also be seen in the footage discussing an internal company memo Twitter administrative staff sent in the aftermath of Project Veritas’ first part of the series.

“It’s [Project Veritas] like some group that’s just trying to out the employees,” Martinez says. “Like, they’re trying to go on dates with them, like this, and record them.”

At the time of this writing, Twitter has yet to respond to a request for comment.


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EDITORS NOTE: This Project Veritas video report is republished with permission. ©All rights reserved.

Karine Jean-Pierre Stumped On Her First Day When Peter Doocy Asks How Raising Corporate Taxes Lowers Inflation

The new White House press sec. Karine Jean-Pierre appeared to dodge a question from Fox News’ Peter Doocy about a tweet from President Joe Biden regarding inflation.

“Karine, congratulations, it’s nice to see you up there,” Doocy began. “The president’s Twitter account posted the other day if you wanna bring down inflation, let’s make sure the wealthiest corporations pay their fair share. How does raising taxes on corporations reduce inflation?”

“Um, so, are you talking about a specific tweet?” Jean-Pierre, who appeared stumped, asked.

Doocy then referenced a May 13 tweet from Biden that said “you want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.”

“Look, we have talked about, um, we have talked about this past year, about making sure that the wealthiest among us are paying their fair share, and that is important to do. That is something the president has been working on everyday when we talk about inflation and lowering costs, so it’s very important that as we’re seeing costs rise, as we’re talking about how to, you know, build an America that’s equal for everyone and doesn’t leave anyone behind, that is an important part of that as well,” Jean-Pierre said.

“But how does raising taxes on corporations lower the cost of gas, the cost of a used car, the cost of food for everyday Americans?” Doocy pressed.

“So I think we encourage those who have done very well, especially those who care about climate change, to support a fairer tax code that doesn’t charge manufacturers workers, cops, builders a higher percentage of their earnings, that the most fortunate people in our nation, and not let that stand in the way of reducing energy costs and fighting an existential problem if you think about it, that is an example. To support basic collective bargaining rights as well.”

“But look, by not, without, having a fairer tax code, which is what I’m talking about, then all, like, manufacture workers, cops, you know, it’s not fair for them to have to pay higher taxes than the folks who are not paying taxes at all,” she continued.

“But what does that have to do with inflation?” Doocy asked. “The President said if you wanna bring down inflation let’s make sure the wealthiest corporations pay their fair share. Jeff Bezos came out and tweeted about that, he said ‘the newly created disinformation board should review this tweet.’ Would you be okay with that?”

“Look, it’s not a huge mystery why one of the wealthiest individuals on earth, right, opposes an economic agenda that is for the middle class, that cuts some of the biggest costs families face, fights inflation for the long haul, right, and that’s what we’re talking about, that’s why we’re talking about lowering inflation here, and adds to the historic deficit reduction the president is achieving by asking the richest taxpayers and corporations to pay their fair share. That’s what we’re talking about,” Jean-Pierre said.

Amazon founder Jeff Bezos criticized the aforementioned tweet, arguing that “misdirection doesn’t help the country.”

“The administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves. Inflation is a regressive tax that most hurts the least affluent.”

Inflation reached its quickest uptick since December 1981 after soaring 8.5% in March.

AUTHOR

BRIANNA LYMAN

Reporter. Follow Brianna on Twitter

RELATED ARTICLE: ‘That’s Not How You’re Going To Solve Inflation’: CNBC Host Calls Out Pete Buttigieg To His Face

EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.

Biden Just Single-Handedly Made the Gas Crisis Worse

Americans are already struggling under the weight of crippling inflation, from skyrocketing gas prices to exorbitant grocery bills. And even if few Americans thought the Biden Administration had a plan to combat these things—especially considering the fact that their spending and regulatory problems directly created them—I’m betting most Americans didn’t think the President would take obvious actions to immediately make things worse either.

Yet, that is what he did this week, canceling one of the most important oil and gas leases at the country’s disposal in the middle of the night. This action will halt the potential to drill for oil in over 1 million acres on the Cook Inlet in Alaska, marking a devastating loss for those trying to increase the oil supply in the country.

A top official with the American Petroleum Institute, the country’s largest oil and gas trade association, called the cancellation of the Cook Inlet lease “another example of the administration’s lack of commitment to oil and gas development in the US.”

According to The Hill, “canceling the sale would be in keeping with political promises President Joe Biden made in the name of halting global warming.”

Not only did the Biden Administration cut this lease, they also stopped two other pending leases in the Gulf of Mexico claiming there were “conflicting court rulings that impacted work on these proposed lease sales.”

This is a problem of basic Econ 101. High prices clearly demonstrate the country needs more oil and gas. But instead of opening up the supply chain, the Biden Administration continues to restrict it in numerous ways—proxy wars in Russia, trade wars, and now canceling leases that would allow us to develop our own resources.

Why are they doing this? No one can say for certain, but Public Choice Theory would suggest that Biden and co. care more about their political objectives and keeping their special interest groups happy (in this case, climate lobbyists) than about the lives their policies govern.

And make no mistake, high gas prices are no small issue as some elitists on the left will try to claim.

Behind skyrocketing gas prices are mothers who can’t get to their second job, parents who have to pick between transportation and food for their kids, women stuck in unsafe situations with abusive partners…the list could go on.

The point is, in public policy there are always trade-offs, something many progressives seem to refuse to acknowledge.

Do we want to take care of the earth and preserve our resources? Of course. Any good capitalist should be concerned with scarcity and preserving such things. But we have to balance that goal with the real lives that can be harmed if we go too far in one direction or the other. As the economist Thomas Sowell said, “there are no solutions, there are only trade-offs.”

So rather than blindly attacking fossil fuel development, we need to look for policies that help balance both goals—the desire to preserve the earth and its resources and the desire to make goods and services cheap and readily available so more people can be lifted out of poverty and enjoy a higher standard of living.

When it comes to the environment, there are free-market policies that can be pursued while also ensuring we still have the supplies to meet the basic needs of the humans already in existence. For instance, scientists are already finding ways to pull CO2 out of the atmosphere and turn it into valuable commodities like carbon nanotubes or even back into coal. And the market is rapidly providing more fuel-efficient cars and planes. Everywhere we look we can find ways the market is already providing better solutions to climate change.

Meanwhile, governments continue to be the biggest polluters.

The Biden Administration is willing to throw our citizens under the bus so they can reach a false, net-zero emissions utopia. But the reality is, we don’t have to have $5/gallon gas in order to save the planet.

AUTHOR

Hannah Cox

Hannah Cox is the Content Manager and Brand Ambassador for the Foundation for Economic Education.

EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.

VIDEO: Biden Blames COVID for Inflation

It’s right up there with the Jimmy Carter “malaise” speech… 

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Does anyone care if Biden labels Trump the ‘Great MAGA King’ or MAGA ‘the most extreme group in American history’? NO!

We have been noticing that Biden and his administration are working to label members of the make America great again (MAGA) movement. Hillary tried that calling the MAGA movement members “deplorables”, which only allowed the movement to solidify, grow and defeat her bid to be president.

Now we have Biden labeling MAGA as an extremist group and Donald J. Trump as the great MAGA king.  Of course the efforts of Hillary and Joe are what is called malinformation or malicious information. Malinformation is “having or showing a desire to cause harm to someone; given to, marked by, or arising from malice or malicious gossip.”

It’s all gossip, a myth, not fact.

It also is disinformation which is “a subset of propaganda and is defined as false information that is spread deliberately to deceive people.”

Trump Media and Technology Group CEO Devin Nunes joined Greg Kelly on Newsmax to discuss the latest about Truth Social and Biden’s MAGA King comment. Watch:

This effort, which only incites Americans who are concerned about inflation, stagflation, the rising costs for food, goods, services and the economy don’t care. What the American people are concerned about is the economy, stupid.

As Daily Wire, on May 6th, 2022 pointed out:

Americans are leaving retirement due to inflation and a tight job market, according to data released last month by job platform Indeed.

According to Bureau of Labor Statistics data, the number of retired seniors surged from 28.3 million in February 2020 to 31.6 million in October 2021, however, higher price levels and other economic challenges are now forcing Americans into “unretirement.”

Now Biden’s policies are causing unretirement. But it gets even worse. Watch this video from CNN:

Americans blame Biden for their economic struggles.

  • 66% of Americans disapprove of Biden’s handling of the economy.
  • 64% disapprove of Biden’s handling of helping the middle class.
  • 81% of Americans feel the government is doing too little to reduce inflation.

Again, as Bill Clinton said, “It’s the economy stupid.”

Name calling doesn’t put food on the table, gasoline in cars or baby formula on store shelves. But Biden’s Build Back Better has taken away things that the American people care about most — Their Economic Well Being.

As Jason A Brown wrote,

Whatever you think of Trump, good or bad, the one thing that you can say about the 45th President is that he was pragmatic when it came to solving a problem. He did not make political calculations to determine what direction he would go.  That’s why he frequently upset people on in both parties.  He wasn’t trying to appease anyone, and was always looking for the most practical, efficient solution.  Most politicians are not capable of this.  That is what set Trump apart and that’s why there was bipartisan hate for him.

So, call Trump and the 79 million Americans that voted for him and the make America great again movement what you want. It is not and will not change people’s minds because they are struggling to make ends meet.

Their anger and frustration will be exacted upon Biden, his administration and the Democrat Party on Tuesday, November 8th, 2022.

Mark my words, its the economy, stupid.

©Dr. Rich Swier. All rights reserved.

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How Government Created the Baby Formula Shortage—and a Black Market for ‘Unapproved’ European Imports

As Christina Szalinski reported in the New York Times, “baby formula is one of the most tightly regulated food products in the US.”


U.S. Baby Formula Crisis.

As many know, the US is confronting a shortage in baby formula that has grown quite serious. What started as complaints on Twitter of “out of stock” messages on Amazon purchases has turned into a national panic.

CBS News reports that at retailers across the country, some 40 percent of the top-selling baby formula products were out of stock as of late April, according to an analysis from Datasembly.

“This is a shocking number that you don’t see for other categories,” Ben Reich, CEO of Datasembly, told the news network.

The story got enough traction to finally get the attention of the White House.

On Monday, Press Secretary Jen Psaki said the government is doing its best to address the shortage, noting that manufacturers say they’re producing at full capacity following a product recall by the Food and Drug Administration (FDA).

“Ensuring the availability is also a priority for the FDA and they’re working around the clock to address any possible shortage,” Psaki said.

Psaki is not wrong that the product recall has made the baby formula shortage worse.

As Eric Boehm pointed out at Reason, part of the shortage stems from a suspected bacterial outbreak at an Abbott plant in Michigan, which prompted the recall of three major brands of powdered formula. Matters were made worse when the plant was subsequently shut down for FDA inspection.

Still, one could be reasonably suspicious of the idea that a single contamination could upend the entire US baby formula market. And for good reason.

A closer look at US trade and regulatory policies reveals the government itself is primarily responsible for the baby formula shortage.

Few may realize it, but baby formula is one of the most regulated food products in America. That’s not me saying it, but the New York Times.

As Christina Szalinski reported in March 2021, “baby formula is one of the most tightly regulated food products in the US, with the Food and Drug Administration (FDA) dictating the nutrients and vitamins, and setting strict rules about how formula is produced, packaged, and labeled.”

Despite these regulations—more likely, because of them—many American parents buy “unapproved” European formula even though, Szalinski notes, it’s technically against the law.

“There are large Facebook groups devoted to European formulas, where parents share spreadsheets and detailed notes on ingredients and how these formulas compare to their US counterparts,” she notes. “Some caregivers report choosing them because European brands offer certain formula options (like those made from goat’s milk or milk from pasture-raised cows), which are rare or nonexistent in an FDA-regulated form in the US. Others seek out European brands because of the perception that the formulas are of higher quality and that European formula regulations are stricter.”

On this black(ish) market, it turns out Americans are willing to pay big bucks for European formula. Szalinski says that on one website selling EU baby formula, you’ll find German imports that run roughly $26 for a 400-gram box, which is about quadruple the price of the top US baby formulas recommended by the Times.

At times, these nefarious black market imports have resulted in high profile busts, like in April 2021 when US Customs and Border Protection agents in Philadelphia seized 588 cases of baby formula (value: $30,000) that violated the FDA’s “import safety regulations.”

Some may contend that the FDA is simply keeping Americans and their babies safe—which is no doubt what regulators want you to believe—but this overlooks an inconvenient fact: despite the FDA’s efforts, Americans are consuming vast amounts of black market baby formula, and the children are doing just fine.

The government’s regulatory war on baby formula imports isn’t the only way it has contributed to the baby formula shortage, however. Tariffs have also played a role. As Cato scholar Scott Lincicome pointed out on Twitter, the US government imposes a stiff levy on baby formula (technically a “tariff rate quota”) that amounts to 18 percent.

There’s general agreement among economists that tariffs create market distortions that harm domestic consumers over time, and there’s every reason to believe these taxes on imports have made it more difficult for Americans to access baby formula during this shortage (and hit their pocketbooks, too).

If the Biden administration is serious about addressing the baby formula, they’d forget about “working around the clock” and simply abolish the protectionist policies and regulations that are making it more difficult to purchase formula.

Some may contend that this would result in more foreign imports of baby formula of “questionable” quality, but it’s a mistake to believe that bureaucrats in Washington, DC (or anywhere else for that matter) have the “proper” formula that meets some universal standard.

Indeed, as Szalinski points out in her Times article, though the EU and the US both require a bunch of the same vitamins and minerals in baby formula, there are some striking differences as well, particularly in iron content and DHA (an omega-3 fatty acid).

Because the EU requires high levels of DHA, something that isn’t required at all in the US, nearly all American baby formulas fail to meet the EU standard.

“Currently, the only US formula that would meet the EU’s requirements for DHA is the new infant formula Bobbie,” writes Szalinski. “As a self-described ‘European-style’ formula, Bobbie is marketed as an FDA-regulated alternative to European formulas.”

Bureaucrats in DC no doubt will tell you their formula is the correct and healthy one, while bureaucrats in the EU almost certainly would contend they have the right mixture of ingredients.

This invites an important question: who actually has the best baby formula for infants, the EU or the US?

Many may think they know, but the economist Thomas Sowell reminds us this is the wrong question.

“The most basic question is not what is best, but who shall decide what is best,” Sowell says.

What Sowell was getting at is that consumers with skin in the game must ultimately decide what product or service is best for them, and government attempts to regulate that choice invariably make it more difficult for consumers to get the best product at the best price.

This is why the economist Ludwig von Mises noted that consumers—not politicians, CEOs, or bureaucrats—are the true captains of the economic ship in a free market.

“The real bosses, in the capitalist system of market economy, are the consumers,” Mises wrote in his book Bureaucracy. “They, by their buying and by their abstention from buying, decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser.”

The baby formula shortage is the latest example that shows most people in Washington, DC need to crack open some Mises and stop trying to provide “solutions” to markets.

AUTHOR

Jon Miltimore

Jonathan Miltimore is the Managing Editor of FEE.org. His writing/reporting has been the subject of articles in TIME magazine, The Wall Street Journal, CNN, Forbes, Fox News, and the Star Tribune. Bylines: Newsweek, The Washington Times, MSN.com, The Washington Examiner, The Daily Caller, The Federalist, the Epoch Times.

RELATED ARTICLE: Amid Nationwide Shortage, Biden Regime Makes Sure Illegal Immigrants Get Baby Formula First

RELATED VIDEO: Rep. Kathryn Cammack, “Biden admin responsible for baby formula shortage.”

EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.

Disney hasn’t found itself in this much trouble since 1941

The family-friendly, controversy-averse Walt Disney Co. has walked into the buzz saw of the American culture wars, version 2022.


In April, officials at Disney objected to a Florida law prohibiting instruction in sexual orientation and gender identity in kindergarten through third grade. Florida Gov. Ron DeSantis responded by signing a bill revoking Disney’s self-governing status, a unique arrangement in which the company operated like an independent fiefdom within the state.

Traditionally, the custodians of one of Hollywood’s most reliable cash machines have been careful to sidestep political minefields that might remind customers of a realm outside the Magic Kingdom. Better to wallow with Scrooge McDuck in the Money Bin than be caught in the crosshairs of Fox News chyrons.

Only once before has the Disney brand gotten so entangled in a public relations briar patch – in 1941, when the original iteration of the company was confronted by an internal revolt that pitted the founding visionary against his pen-and-ink scriveners.

The characters in the showdown were as colorful as any drawn on the studio’s animation cels: union activists, gangsters, communists and anti-communists, and, not least, Walt Disney himself, who, dropping his avuncular persona, played a long game of political hardball and slow-burn payback.

Workers grumble as Disney’s star soars

Even then, Walt Disney inspired a special kind of awe around Hollywood.

Billy Wilkerson, editor of The Hollywood Reporter, declared Disney “the only real genius in this business” in the Dec. 17, 1937, issue of the periodical.

Disney was hailed as the father of the first sound cartoon, “Steamboat Willie” (1928); the first Technicolor cartoon, “Flowers and Trees” (1932); and the first feature-length cartoon, “Snow White and the Seven Dwarfs” (1937).

“Snow White” marked the beginning of the extraordinary creative streak – “Pinocchio” and “Fantasia” in 1940, “Dumbo” the following year and 1942’s “Bambi” – on which the Disney mythos would be built forever.

In 1940, Disney plowed the profits from “Snow White” into a state-of-the-art animation studio in Burbank, California, where the comfort of his workers, so he said, was a high priority.

“One of Walt Disney’s greatest wishes has always been that his employees could work in ideal surroundings,” read an advertisement in the Oct. 10, 1940, issue of The Hollywood Reporter. “The dean of animated cartoons realizes that a happy personnel turns out the best work.”

But even by the standards of exploitative Hollywood shop floors, Disney animators were overworked and underpaid. Forced to hunch over a drawing board for 10 hours a day, they had no desire to whistle while they worked. Instead, they wanted a strong union to negotiate on their behalf. Disney didn’t want any of it.

The animators opted to be represented by the confrontational Screen Cartoonists Guild rather than the pro-management “company union,” the American Society of Screen Cartoonists.

“Disney cartoonists make less than house painters,” charged the guild. “The girls are the lowest paid in the entire cartoon field. They earn from $16 to $20 a week, with very few earning as high as $22.50.” The guild demanded a 40-hour, five-day work week, severance pay, paid vacation and a minimum wage scale ranging from $18 a week for apprentices to $250 for cartoon directors.

To go nose to nose with Disney in the negotiations, the Screen Cartoonists Guild chose Herbert Sorrell of the Motion Picture Painters, Local 644, a longtime thorn in the side of studio management.

Sorrell was a broad-shouldered union man of the old-school variety. A former heavyweight prize fighter, he was not afraid to mix it up on the picket line with cops and strikebreakers.

Sorrell’s footwork in the boxing ring – not to mention the brass knuckles he carried – came in handy. In the 1930s, labor organizing in Hollywood could be more hazardous than stunt work. Many studio heads had already cut sweetheart deals with the mobbed-up trade unions, notably the International Alliance of Theatrical and Stage Employees, run by a Chicago-schooled gangster named Willie Bioff.

Animators put down their pens

On May 28, 1941, the Screen Cartoonists Guild called a strike, and hundreds of animators walked out on Disney.

Brazenly violating Disney’s copyright, the strikers repurposed Disney characters into pro-union spokesmen and paraded outside theaters playing Disney films.

There are no strings on me!” exclaimed Pinocchio in one placard. The slogans were as clever as the visuals: “Snow White and 700 Dwarfs,” “3 Years College, 2 Years Art School, 5 Years Animation Equals 1 Hamburger Stand” and “Are We Mice or Men?

Disney was enraged. He claimed that Sorrell had threatened to turn the Burbank studio into a “dust bowl” unless he caved to the strikers’ demands.

Behind the scenes, Disney offered the SCG a deal brokered by the gangster Willie Bioff.

Disney then placed ads in the trade press saying he had made generous offers to “your leaders” – that would be Bioff – and had acceded to most of the strikers’ demands.

“I am positively convinced that Communistic agitation, leadership and activities have brought about this strike, and has persuaded you to reject this fair and equitable settlement,” Disney said.

“Dear Walt,” Sorrell retorted, “Willie Bioff is not our leader. Present your terms to OUR elected leaders, so that they may be presented to us and there should be no difficulty in quickly settling our differences.”

Eventually, the feds, in the person of the National Labor Relations Board, intervened. On July 29, after 62 days of rage on both sides, Disney settled – through clenched teeth. Disney and the Screen Cartoonists Guild squabbled intermittently until the end of the year, but Sorrell had won on the big points: better wages, job security and a “closed shop,” which requires union membership as a condition for employment.

Disney’s revenge

To Disney, though, this wasn’t just a dispute between management and labor. It was oedipal rebellion against the father in his own house.

In October 1947, Disney got his chance for revenge when he testified before the House Committee on Un-American Activities, which was investigating Hollywood for alleged communist subversion in motion picture content and within the ranks of organized labor.

Disney was called as a friendly witness, and friendly he was: While waiting to testify, he good-naturedly sketched pictures of Donald Duck and Mickey Mouse for the children of the committee members.

At the witness table, Disney emphasized that while today “everyone in my studio is 100% American,” the percentage had not always been so high. He named the name that had stuck in his craw since 1941. “A delegation of my boys, my artists, came to me and told me that Mr. Herbert Sorrell … was trying to take them over,” Disney said. Sorrell and his cohorts, charged Disney, “are communists,” though admittedly, “no one has any way of proving those things.”

Proven or not, Disney’s allegations were career-killers. Many of the activist cartoonists of 1941 fell victim to Hollywood’s notorious blacklist era, when hundreds of workers on both sides of the screen were rendered persona non grata at the studios for their political affinities.

As a result, the Screen Cartoonists Guild softened its tone. In 1952, it voted to become affiliated with the firmly anti-communist International Alliance of Theatrical and Stage Employees – Bioff’s former outfit. As for Sorrell, he was hounded by charges of communist sympathies and ultimately barred from a leadership position in his own union.

Disney, you know about. After venting before the House Committee on Un-American Activities, he navigated the company back to the 50-yard line of America’s culture wars. There the entertainment conglomerate stayed – until recently, when it wandered off Disney World into the swampland of Florida politics.

This article is republished from The Conversation under a Creative Commons license. Read the original article.

AUTHOR

Thomas Doherty

A cultural historian with a special interest in Hollywood cinema, Thomas Doherty is a professor of American Studies at Brandeis University. He is an associate editor for the film magazine Cineaste and… More by Thomas Doherty

RELATED ARTICLE: Disney Actress and Husband Convicted of Child Sex Charges

EDITORS NOTE: This MercatorNet column is republished with permission. ©All rights reserved.

Biden’s Economy Sends Americans Into ‘Unretirement’

Disaster! And what does President Biden do as Americans suffer? He hides in Delaware. Shame on the mainstream media for manipulating millions of Americans into voting for this clown. #Trump2024!

Biden’s Economy Sends Americans Into ‘Unretirement’

By Daily Wire, May 6, 2022

Americans are leaving retirement due to inflation and a tight job market, according to data released last month by job platform Indeed.

According to Bureau of Labor Statistics data, the number of retired seniors surged from 28.3 million in February 2020 to 31.6 million in October 2021, however, higher price levels and other economic challenges are now forcing Americans into “unretirement.”

RELATED ARTICLE: New Survey Finds Trump Trouncing Biden In 2024 Rematch By Double Digits

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved.

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SCHOEN: Americans Are Sounding The Alarm Over Big Tech

Elon Musk’s Twitter acquisition — which can be summed up as the world’s wealthiest person buying one of the most powerful social media and news platforms — underscores one of the big problems with Big Tech.

In the absence of modernized anti-trust and anti-monopoly laws, Big Tech companies in the U.S. have amassed far too much economic and political control over society, and especially over the news and publishing industries.

The power at Big Tech companies  with respect to their management of sites like Facebook News and Google News – is held by a few individuals who are often times more motivated by a desire to turn profits and promote their own ideology or world view, rather than by a genuine desire to guarantee a free and diverse press.

Due to Big Tech’s market manipulation in the news and publishing industries, thousands of local and smaller news operators — including many conservative publications — have been forced to shutter their doors in recent years.

This forsakes the First Amendment to the U.S. Constitution, and thus, is a threat to our democracy.

Importantly, new survey research shows that the American public recognizes this threat, and wants their elected officials to act on it.

New polling by Schoen Cooperman Research — conducted among a representative sample of U.S. adults and commissioned by News Media Alliance — reveals widespread concern surrounding Big Tech’s power and manipulative practices, as well as strong support for reforms to rein in these monopolies.

Notably, strong majorities of Americans are concerned about the economic and political power of Big Tech companies (74%) and are supportive of increased government regulations on Big Tech companies in order to curb their economic and political power (63%).

With respect to news and publishing specifically, nearly 4-in-5 Americans are concerned that Big Tech companies have too much power over these industries (79%) and manipulate these industries for their own gain (78%).

To that end, three-in-four Americans agree that “Big Tech’s monopoly over the news and publishing industries is a threat to the free press and unfair to publishers, especially to small and local outlets.” (76%)

In addition to being broadly concerned about this problem, Americans are supportive of Congress taking action to restore fairness, balance, and freedom to the press.

Respondents were asked about a specific piece of legislation proposed in Congress known as the Journalism, Competition, and Preservation Act (JCPA). The JCPA would provide a legal basis for news publishers to negotiate fair terms for use of their content by Big Tech companies — and thus, would demonstrably curb the economic and political power of these companies.

Remarkably, 7-in-10 Americans support Congress passing the JCPA (70%) and believe it is important for Congress to pass the JCPA (64%) after reading a brief description of the bill. And by a four-to-one margin, U.S. adults would be more likely, rather than less likely, to back a candidate for Congress who supported the JCPA.

In my experience as a professional pollster who has worked in opinion research for over four decades, it is rare for an issue or piece of legislation to garner this level of public support.

Our findings present a clear call-to-action to Congress, and elected officials in both parties now have a mandate from the public to rein in Big Tech by pursuing the JCPA or similar reforms.

Moreover, the very survival of American democracy is contingent on our leaders safeguarding free speech and ensuring a fair economy.

Congress must fulfill its duty by passing legislation like the Journalism Competition and Preservation Act into law.

AUTHOR

DOUGLAS SCHOEN

Contributor. Douglas E. Schoen is a Democratic pollster and strategist. He is the author of “The Political Fix: Changing the Game of American Democracy, From the Grass Roots to the White House.” The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.

RELATED ARTICLE: THAYER: We Need To Rein In Big Tech, Not The EU

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Made in America Series: North Arrow Coffee Company – Veteran Owned

Here at 2ndVote we always advocate for the three pillars of shopping your values; shop local whenever possible, shop the highest 2ndVote score whenever possible, and shop American whenever possible. American production has been outsourced overseas for the sake of labor costs, sometimes even using slave labor, for far too long. It is high time that we as Americans demand that the goods and services we purchase are made by Americans, for Americans, in AMERICA!

That’s why we at 2ndVote endorse a product Made-in-America every week. This weekly message features various products that have been verified to be 100% American produced so that 2ndVote shoppers can better support American economic independence. It should be noted that while any products or companies featured in this series have been vetted for being American-made, there is not a guarantee that all such companies have been scored by 2ndVote at the time of publication.

This week’s featured Made-in-America product is the Cold Brew No. 13 coffee from North Arrow Coffee Company:

North Arrow is a veteran-owned business founded by close friends who share a tremendous love for God, family, and coffee. They also donate at least 15% of all sales to help end abortion, which we think is pretty great. While the beans are farmed in South America (no where else in the lower 48 would suffice for that), but the rest of the magic is done in Temecula, California.


Check them out here for a 10% discount! 

Or use code 2NDVOTE10 when checking out.


The best way to make positive change in the world of woke businesses is to vote with your wallet, so remember: shop local, shop the highest score possible, and shop American! 2ndVote is not paid for this feature.

EDITORS NOTE: This 2ndVote column is republished with permission. ©All rights reserved.

No Increase in Flight Cancellations After CDC Mask Mandate Lifted, Data Show

Data suggest that fears of widespread cancellation of flights in the wake of the CDC mask mandate being lifted are baseless, thankfully.


It’s been two week since a federal court threw out the CDC’s transport mask mandate, to the glee of some and the outrage of others.

While many people—including flight attendants and passengers on planes—celebrated the court’s decision, others predicted the move would have dire consequences.

CBS News, for example, reported that European airlines were forced to “cancel hundreds of flights as they grapple with coronavirus-related staffing shortages weeks after they ditched rules requiring passengers and staff to mask up in the air.”

The news agency noted that UK airlines alone canceled 769 flights in total between March 31 and April 7 because of a shortage of flight crews due to illness. CBS quoted Eric Feigl-Ding, an epidemiologist and health economist, who said such outbreaks were needless and predictable.

“It’s very clear that the airline industry is particularly vulnerable, and this creates a cascading effect on society more than, say, a restaurant closing would,” Feigl-Ding said. “This is critical infrastructure and these are essential employees, and we’re endangering our economy. Stopping COVID is good for our economy, ‘letting it rip’ is the exact opposite.”

Few would disagree with Feigl-Ding that airlines are important infrastructure, but his claim that mask mandates are crucial to their success bears scrutiny.

First, it’s worth noting that the 769 UK flights canceled between March 31 and April accounted for just 4 percent of those flights, which means that 96 percent went off without a hitch. Even more importantly, a single airline—EasyJet—accounted for roughly 40 percent of the canceled flights.

This suggests the UK’s numbers were skewed to a large extent by a single outbreak that disrupted many flights. Whether a mask mandate would have prevented this outbreak from occurring is impossible to know. But what we do know is that similar cancellations—much larger ones, in fact—occurred when mask mandates were still in place, so the idea that such mandates can prevent cancellations is simply not true.

We also have fresh data on cancellations of US flights since the CDC’s mask mandate was lifted. One astute Twitter user analyzed the data, which can be found here, and pointed out that in the two weeks since the CDC’s mask order was struck on April 18, there was no widespread cancellation of flights.

On the contrary, the four largest airlines in the US—American Airlines, United Airlines, Delta Air Lines, and Southwest Airlines—all had a cancellation rate of 0 percent, as did JetBlue and Allegian. Frontier Airlines, meanwhile, had a cancellation rate of 1 percent, and Alaska Airlines had a cancellation rate of 7 percent. (Since the publication of the tweet, Alaska’s cancellation rate has fallen to 4 percent, and Delta’s has increased to 1 percent.)

The total number of canceled flights within, into, or out of the US in the past two weeks currently stands at 72—about 0.15 percent of the roughly 45,000 flights the FAA (Federal Aviation Administration) oversees each day, on average.

To be sure, we’re still in a pandemic, at least in the sense that many people are still getting COVID-19, still getting sick, and still dying. This means that we can expect there will be times when flights are interrupted by spikes of illness.

That said, so far the data suggest that fears of widespread cancellation of flights in the wake of the mask mandate being lifted are baseless, thankfully.

In many ways, this should not surprise us.

Even mask champions like The New York Times have come around to the idea that cloth masks are not very effective against Covid, which is why many scientists have long doubted their efficacy. (And even if cloth masks are effective, are we really supposed to just overlook the fact that there’s a period of time on flights when patrons just remove them to eat and drink, which hardly seems like an effective virus containment strategy?)

None of this is to say masking isn’t or can’t be effective. Perhaps it is. But I think we have an abundance of evidence that shows mask mandates are not effective, and the absence of a surge in flight cancellations following the striking down of the mask mandate is one more piece of that evidentiary record.

All of this brings to mind a crucial lesson of economics. The Nobel Prize-winning economist Milton Friedman once observed that one of the biggest problems of the modern world is how we assess public policy.

“One of the great mistakes is to judge policies and programs by their intentions rather than their results,” Friedman noted.

There’s no better example of Friedman’s adage, I think, than masks, which became a symbol of supporting “the common good,” which is why so many people publicly vowed to continue wearing them even after the CDC policy requiring them on transportation was struck down.

If people wish to continue wearing masks to show they’re not “selfish” or because they believe it will protect them, they are of course perfectly free to do so. That’s the beauty of choice.

But how much pain could have been avoided during this pandemic if only we’d embraced the freedom of choice from the beginning, instead of succumbing to fear?

This article was adapted from an issue of the FEE Daily email newsletter. Click here to sign up and get free-market news and analysis like this in your inbox every weekday.

AUTHOR

Jon Miltimore

Jonathan Miltimore is the Managing Editor of FEE.org. His writing/reporting has been the subject of articles in TIME magazine, The Wall Street Journal, CNN, Forbes, Fox News, and the Star Tribune. Bylines: Newsweek, The Washington Times, MSN.com, The Washington Examiner, The Daily Caller, The Federalist, the Epoch Times.

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EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.

Elon Musk To Serve As CEO Of Twitter

UPDATE:


Maybe Pamela Geller will be reinstated. We shall see.

Elon Musk set to become temporary CEO of Twitter: report

By Summer Lane, RSBN, May 5, 2022

Elon Musk, the billionaire CEO of Tesla and SpaceX, is reportedly set to serve as the interim CEO of Twitter when his purchase of the social media platform for $44 billion is completed, sources told CNBC.

There has been rampant speculation regarding who would take over Twitter as CEO in light of reports that Musk was allegedly planning to clean house at the company shortly after entering a deal to acquire it.

This comes days after Reuters reported that Musk may be appointing a new CEO to take the place of Parag Agrawal.

However, if Musk himself steps in to take control of the company, major changes could come to the platform sooner rather than later.

According to the CNBC report, a SEC filing on Thursday confirmed that the billionaire investor had secured the necessary funds in equity, $7.4 billion, to begin his purchase of Twitter.
Musk hints at changes coming for Twitter users and government or commercial entities.

After the Twitter deal was announced last week, Musk stated that he intends to make Twitter a place where “matters vital to the future of humanity are debated.” He also shared, “Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

Musk’s purchase of Twitter has been met with excitement by proponents of free speech on Twitter, while others have threatened to leave the platform. On Wednesday, Musk hinted that there might be financial changes coming down the line for certain Twitter users. “Twitter will always be free for casual users,” he stated in a tweet, “but maybe a slight cost for commercial/government users.”

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EDITORS NOTE: This Geller Report is republished with permission. All rights reserved. Follow Pamela Geller on Trump’s social media platform, Truth Social.