DYSPEPSIA GENERATION

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An unusually large number of crude oil tankers on the open seas has the American Gulf coast as a destination as the ships are redirected to load cargoes bound for markets around the world already experiencing shortages.

As Alton Wallace writes at The Center Square, second-term Republican President Donald Trump said Saturday on social media that “massive numbers” of “completely empty” oil tankers are en route to the United States to purchase American energy.

Japan was getting 75% of its oil from the Middle East. Guess who gets that business now?

The surging vessel traffic comes as nations throughout Europe and Asia grapple to secure energy supplies and regional prices skyrocket. Germany is providing emergency fuel relief to its citizens while officials in the Philippines recently declared a national energy emergency as the world looks increasingly to the U.S. to replenish war-starved oil and gas markets.

Gee, I don’t see any sudden rush to ‘green’ energy that Krugman says will be taking place.

Trump on Saturday remarked that the U.S. oil output is more than the combined total of Saudi Arabia and Russia, the next two largest producers, and the president promised a “quick turnaround” for the arriving fleet.

We are the nice ones.

ATQUE: The Hormuz Blockade Is as Much About China as Iran (Javier Blas/Bloomberg)  Hey, the sleepers are waking up….

Huffington Post, a Voice of the Crust.

I guess they didn’t get the Narrative Memo.

Paul Krugman.

Since it’s an eternal truth that Krugman Is Always Wrong, let’s see how he’s wrong today.

Donald Trump wants to stop the renewable energy revolution. But he can’t — it will continue to advance around the world because the economics and the science are compelling.

An obvious lie to anybody who has been paying attention. Renewable energy fails almost every time it’s tried, and causes unceasing problems for those who stupidly depend upon it. Not to mention all the birds and whales that it kills.

Trump can, however, ensure that the revolution passes us by.

That’s why we elected him.

And the big geopolitical winner from Trump’s hostility to the energy revolution will be China, which dominates the production of renewable-energy infrastructure.

Only so long as people are stupid. It’s no surprise that a Communist regime would dominate a communist enterprise.

Furthermore, the China-led energy future will arrive ahead of schedule thanks to the debacle in Iran.

“China-led energy future”? These are the people who have more coal-fired power plants than any other nation, and whose air pollution in its capital city is notoriously bad.

Also, Trump’s decision to counter Iran’s blockade of the Strait of Hormuz by blockading the Strait of Hormuz surely adds to the perception that relying on U.S. oil and LNG, which is what countries will have to do if they don’t turn to solar and wind, isn’t safe.

The available evidence seems to indicate pretty clearly the U.S. is actually the only ‘safe’ place to get oil and LNG.

Who can guarantee that an erratic America won’t try to weaponize other countries’ dependence on our energy?

‘Erratic’? Far less ‘erratic’ than Krugman’s brain. I suspect that ‘weaponizing’ other countries’ dependence on our energy is what it’s all about.

While China is strong in many industries, it is utterly dominant in electrotech, the cluster of industries — solar panels, wind turbines, batteries and electric vehicles — at the heart of the renewables revolution. Or as the Wall Street Journal puts it, China’s “green industrial complex” rules. China accounts for more than 80 percent of global production in all these sectors with the exception of wind turbines. In the wind turbine sector, China’s share is “only” 60 percent because Europe retains a significant role.

And of course I’m sure that NOBODY is worried that COMMUNIST CHINA will ‘weaponize’ that reliance on ‘green tech’.

Looks like Krugman came through for us again.

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Trump’s plan to choke off China and make people come to the U.S. for their oil proceeds apace.

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Maryland Democrats have rejected an effort to redraw the state’s congressional map to boost their party’s chances in the midterm elections, a setback for Gov. Wes Moore who put his clout behind the attempt to blunt President Donald Trump’s own redistricting campaign.

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So you say you want a revolution? Well, take a look at what’s happening in Ireland right now. Tens of thousands of farmers, truckers, and other fed-up “normies” are taking to the streets of Dublin to protest fuel taxes, mass immigration, and poverty-inducing “climate change” policies. For the most part, corporate news propagandists in both Europe and North America are intentionally ignoring the combustible situation. Just when I had begun to think that all the “fighting Irish” had moved to America, the Old Country has started to show signs of life. Perhaps there are still a few irascible pugilists willing to bash heads and take on the globalist empire after all.

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I guess they’ll just have to encourage native Germans to rape more, since nobody is going to touch ‘migrants’.

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New York has been a godsend for gun rights in passing a series of unconstitutional limits on Second Amendment rights only to result in major adverse rulings. It may soon do the same for the free exercise of religion. New York is now going head-to-head with a group of Dominican nuns over a law challenged as unconstitutional. New York Gov. Kathy Hochul and the state are being sued over a law that forces religious organizations to adhere to LGBTQ policies.

Mother Marie Edward, O.P., explained to Fox News Digital that they will not set their faith aside under the threat of fines, loss of licensing and even jail time. She noted that they ask nothing from the state and ask to be allowed to offer charity without abandoning their religious principles.

ATQUE: California Lawmakers Introduce The “Stop Nick Shirley Act”

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CA State Assemblymember Carl DeMaio is slamming state Democrats for voting to advance a controversial new law (AB 2624) to silence citizen journalists and shield taxpayer-funded organizations from public scrutiny.

DeMaio has gone as far as dubbing AB 2624 the “Stop Nick Shirley Act” for the chilling effect it will have on free speech.

AB 2624 comes as independent journalists like Nick Shirley have used viral videos to expose fraud and abuse in government-funded programs using on-the-ground footage and firsthand documentation.

AB 2624 claims to be about protecting immigrant organizations from “threats of violence,” when in fact the legislation would apply to any left-wing group that claims to provide any services to legal or illegal immigrants. For example, under AB 2624 entities like the Somali “Learing” Daycare centers would all be covered if they operated inside California.

During a recent Assembly committee hearing, DeMaio directly confronted the bill’s author, Mia Bonta, over language that would allow individuals affiliated with certain organizations to demand the removal of video recordings — even if taken in public — and even impose costly financial penalties against those who publish the videos online.

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For decades, public-sector unions ran on automatic – automatic dues collection, automatic membership, automatic political spending – whether the worker wanted it or not.

The National Education Association confiscated $390 million in dues revenue during the most recent fiscal year from nearly 2.9 million members – most of it seized directly from taxpayer-funded paychecks before the workers could even see it.

In California alone, public education unions are estimated to collect more than $800 million per year. That money doesn’t come from convincing workers the union is worth it. It comes from a system designed so workers never had to be asked.

When the Supreme Court exposed their scheme in Janus, unions had to find other ways to keep the cash spigot open — including literally criminalizing their opposition.

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The Russians have a phrase for it: negotiation-incapable (ne peregovorosposobny).

That is what the Iran delegation demonstrated during a long day of talks with the US team over the weekend in Islamabad. What part of “no nukes” didn’t they understand? All of it, apparently. The corollary question on the table — arguably more pressing for Iran — was: how much more punishment are you willing to suffer to sustain your dream of atomic bombs? You have no defenses left, no control of your air-space. Do you just want to sit in the dark for the next hundred years?

Such is the obduracy of the Shia death cult. They have no friends left in the world. Russia, you think? Not really. That relationship was pegged to geopolitical dynamics that are dead and gone. Russia is much better off normalizing relations with the USA so we can both be safe and secure in our spheres of influence. Europe is busy committing suicide. In this situation, China is little more than Iran’s very unhappy customer. Maybe Uncle Xi Pooh Bear can try talking some sense to whoever is left in-charge at the IRGC. . . give up your lunatic bomb dreams and just re-open the dingdang gas station! Pretty Please!

“Shia death cult” is a very good way of putting it.

“They’re holed up in a bank demanding three large pizzas, a helicopter, and a personal phone call from Sydney Sweeney…”

– Greg Gutfeld on Iran’s negotiating position

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Indeed, I wouldn’t want to be in a shuttle crew with somebody like him—and it has nothing to do with him being white.

Bear in mind that we landed on the moon with all white male crews—and never since.

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China has spent the past two decades making huge, aggressive moves worldwide. China has essentially colonized the African continent as part of its Belt and Road Initiative, and has poured money into new highways that connect it to Africa, the Middle East, and Europe. China dominates global manufacturing, having drained the U.S. of manufacturing jobs. It is also building islands in the Pacific to expand its territory and trade routes while a supermassive fishing fleet goes up and down the coast of South America and Antartica, stripping the oceans of fish.

It is not a coincidence that American forces captured the former president of Venezuela in a nighttime raid on the same day he was meeting with Chinese delegates. Oil is Venezuela’s currency, and China needs it.

Iran is another critical piece of the puzzle. If China-friendly Iran did become a nuclear power, it would not only hold the Strait of Hormuz hostage (where American allies in Kuwait, Saudi Arabia, Oman, and the UAE produce oil), but could reach as far as London, destroying American security of global trade around Europe, Africa, and Asia.

In essence, if China controls the high seas with the help of proxies like Iran and Venezuela, as well as the manufacturing hubs, as well as the oil trade, then they control the world.

Taking steps to counter the Chinese government’s desire to become the dominant superpower does come with pain at the pump, but the Trump admin is betting its worth it to retain American/Western dominance.

Who depends on Middle Eastern oil? Not the U.S.—we have our own oil, and can get it easily from Canada (you go, Alberta!) and (now) Venezuela. The people who need Middle Eastern oil are Europe and Asia. China, in particular, get about half of its oil from the Middle East—oil that the U.S. has just cut off.

TRUMP IS A BILLIONAIRE BUSINESSMAN. He understands global markets better than you do, and much better than any scribbler writing for the New York Times or the Washington Post—or, nowadays, the Wall Street Journal.

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ALL liberals think that they are better than their fellow citizens.

Signs that read, “Don’t Fairfax Me” and “Vote No,” are reportedly prevalent in rural Virginia for good reason. Virginia Democrats’ redistricting campaign aims to disenfranchise rural Virginians. The referendum, which would split heavily populated Fairfax County across five congressional districts, is a deceptive power grab.

Farfax county Virginia used to be where the Republicans who worked in DC would commute from, while the Democrats lived in Maryland. Apparently DC is overflowing Democrats these days.

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A tight primary race between the three Democrat candidates for Michigan’s Senate seat is showcasing the different extremes of the Democratic Party.

According to polls, voters are currently divided among a center-left congresswoman who is backed by the American Israel Public Affairs Committee, or AIPAC, a physician who appears to be sympathetic toward Islamic radicals, and a current state senator who has been accused by her colleague of “grooming” children while adopting popular Democrat stances.

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Faribault, Minnesota, is a small city about an hour’s drive from Minneapolis. On paper it should have the smaller crime rate of the alphabetically similar Farmington which is nearly the same size and only a half hour away. Instead, Faribault has more than twice as much violent crime, aggravated assaults, burglaries and car thefts, 30% more rapes, and 8 times as many robberies. Farmington has no arsons, but Faribault has the most arsons of any city outside major strongholds like Minneapolis, St. Paul or Duluth.

But Faribault has something Farmington doesn’t: diversity. Especially from its Somalis.

The Other McCain.

If the election of Abigail Spanberger as governor of Virginia has proven anything, it’s that there are no more “moderate” Democrats. Since taking office in January, Spanberger has been ramming through a left-wing agenda that might be more suitable to Berkeley, California, than to the Old Dominion, and the very worst of it is the proposal to redistrict Virginia’s congressional map by an outrageous partisan gerrymander. Among the many atrocities of this is the proposed 7th District, which would stretch all the way from the Potomac River in Arlington County to Harrisonburg in the Shenandoah Valley and down to Powhatan County, below the James River 30 miles west of Richmond.

Since most of the Republican areas of the state appear to be in the west, perhaps they might take a hint from the Greater Idaho Movement and attempt to leave Virginia for West Virginia. After all, there is precedent.

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The $15 billion USS Ford was forced to cut short its deployment due to a 30-hour laundry fire that did millions of dollars in damage. And it has been revealed that even while it remained on station in the Gulf, Ford could not generate combat sorties for two days due to the raging 30-hour laundry fire that drove some 600 sailors out of their sleeping quarters. Thirty hours to get a laundry fire under control raises a couple of questions. Why would a laundry catch on fire, and why did it take the firefighters and damage-control personnel of the USS Ford so long to put out the laundry fire? Sadly, the answers can be found in some wrongheaded decisions the Navy made in its effort to be viewed as being “green.”

Design for the Ford-class carrier began in March 1996, and finally, more than $15 billion later, the USS Ford was fully certified for combat in April 2023. Due to a misguided green initiative, instead of installing inherently super energy-efficient steam-based laundries, the Ford-class carriers have standardized on more expensive, more complex, inherently fire-prone, ozone-based systems.

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In a long-awaited release that sent ripples through Washington on Monday, the House Permanent Select Committee on Intelligence (HPSCI) has declassified closed-door 2019 transcripts from briefings with then-Intelligence Community Inspector General (ICIG) Michael Atkinson. The documents, withheld from the public for over seven years, reveal critical details about the anonymous “whistleblower” whose complaint about President Trump’s phone call with Ukrainian President Volodymyr Zelensky triggered Trump’s first impeachment – details that directly contradict the narrative of a neutral, non-partisan civil servant acting in good faith.

My, what a surprise. Aren’t you surprised? I’m sure surprised.

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Imagine how peaceful the world would be if the Religion of Peace didn’t exist.

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Which tells you everything you need to know abut the ‘immigration crisis’.

Cheap labor. That’s what it’s all about. Your country not producing enough babies? Import them from the Turd World?

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In Mary Shelley’s famous work, Dr. Frankenstein is asked, “Accursed creator! Why did you form a monster so hideous that even you turned from me in disgust?”

This week, Rep. Eric Swalwell (D. Calif.), the leading Democratic candidate for California governor, may wish he could ask that of former Speaker Rep. Nancy Pelosi (D., Calif.). After sexual assault allegations were raised by former staff members, Pelosi, Sen. Adam Schiff (D., Calif.), and even his close friend (and former campaign chair) Sen. Ruben Gallego (D., Ariz.) have withdrawn their endorsements.

The fact, however, is that (regardless of the merits of these latest allegations), Swalwell was always a notorious figure in Washington who was constructed by Pelosi and others to serve their interests.

Fortunately, these problems have a tendency to solve themselves over time. Think of it as evolution in action.

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That call is made in a new campaign sponsored by the American Association of University Professors to force “colleges to drop their contracts with ICE’s key corporate enablers.”

Despite years of criticism over the purging of faculty ranks of conservatives and libertarians, university professors continue to double down on far-left ideology that is now an orthodoxy in higher education.

I previously wrote about the AAUP’s ideological shift in my book, The Indispensable Right: Free Speech in an Age of Rage. After that book, the AAUP then selected Todd Wolfson, a far-left activist, as its new president.

Wolfson ran on the pledge to make AAUP a “fighting organization” for social change.

After his selection, Wolfson has called Trump supporters “fascists” and demanded boycotts of Israel.

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Massachusetts lawmakers are barreling ahead with a bill that would force the state to slash the total miles residents drive, all under the banner of cutting greenhouse gas emissions.

The proposal, Senate Bill S.2246, doesn’t slap a hard cap on your daily commute… yet – but it orders the Massachusetts Department of Transportation (MassDOT) to set binding goals for reducing statewide vehicle miles traveled (VMT). It also creates a new government council tasked with pushing people onto public transit whether they like it or not.

Time to leave.

Babylon Bee.

As you’ve probably heard, there is a chimpanzee civil war in Uganda.

The Babylon Bee is here with what you need to know so you sound educated when the chimp civil war comes up in daily conversation.

Jewish Telegraphic Agency.

The Trump administration on Friday fired two judges who blocked the deportations of international students involved in pro-Palestinian activism.

One of the judges, Roopal Patel, a Boston immigration court judge, oversaw the Trump administration’s immigration case against Rümeysa Öztürk, a Turkish Tufts University doctoral student who was detained by ICE agents on the street in Somerville last March.

In February, Patel found there were no grounds to deport her, following a months-long legal battle with the Trump administration and opposition to her arrest from Jewish students and groups.

The other judge fired on Friday, Nina Froes of Chelmsford, Massachusetts, blocked the deportation of Mohsen Mahdawi, a pro-Palestinian student activist at Columbia University and green card holder from the West Bank, in February.

To be clear, these aren’t real judges, i.e. appointed and confirmed under Article III of the Constitution. The immigration ‘courts’ are administrative civil courts within the Department of Justice.

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Well, not much demand for Grievance Studies majors.

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As indeed it is.

Jamall Bowman, Yet Another Corrupt Black Democrat Politician, famously was caught on camera pulling a fire alarm to  block a vote in the House of Representatives that appeared to be going against his side.

Perhaps he might try reading (if he can read) a history book.

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Where would we be without them?

BBC, a Voice of the Crust.

Ancient grains are those that have barely changed for hundreds of years. Unlike commonly farmed crops like wheat, which humans have selectively bred over millennia, ancient grains have maintained genetic properties from their wild ancestors. And today they enjoying something of a resurgence in popularity.

They’re linked to many health claims, including that they contain more nutrients than their modern counterparts.

But are they really any better than more modern grains, which have been shaped and moulded by agricultural practices since the Stone Age?

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Back in 2017, when I started working in venture capital, AVs were one of the hottest themes in “tech”. Perhaps this had something to do with Elon Musk proclaiming in December 2015 that Tesla would deliver “full autonomy” within two years. (Musk has earned himself a reputation for repeatedly jumping the gun on this topic.) This frenzy was also fueled by Uber, which was flying high at the time, and talking a big game about self-driving cars. In any case, a substantial share of the tech community was convinced that AVs were right around the corner.

In hindsight, this level of excitement was clearly premature. Tech leaders were generally way too bullish about the prospect for AV commercialization in 2017, and 2018, and 2019 (and 2020, and 2021…) Yet, in the scheme of human history, it turns out that AVs were, in fact, approximately “right around the corner”. AVs are finally real now, and most people I know have not yet fully contended with the transformational potential of this technology.

That’s partially because of the way that Waymo, the leading American AV company, has rolled out its services: gradually, and then all at once… one city at a time. This initial approach to the market was driven by the need to train machine learning models on real city streets, and establish a track record of safety in order to earn public acceptance. If you haven’t spent time recently in either of the company’s launch markets — Phoenix or San Francisco — you may not be aware of just how rapidly Waymo has made progress towards both of those objectives.

The Register:

A simple equation has reached a critical point, and it may be irreversible. Every year of Apple Silicon, the experience of using a Mac has gotten better. Every year of Windows 11, the experience of using a PC has gotten worse.

The Foundry.

On July 4, American taxpayers are set to resume funding one of the nation’s largest providers of so-called gender-affirming care for children, which also just happens to be the nation’s largest provider of abortion. If that’s not a killjoy for America’s 250th birthday, I don’t know what is.

Last year, President Donald Trump’s One Big Beautiful Bill Act defunded Big Abortion providers like Planned Parenthood of almost $800 million in taxpayer-funded Medicaid reimbursements, dealing a significant blow to the nation’s largest abortion franchise.

In July 2025 alone, Planned Parenthood shuttered 25 clinics across the country, and the total number of closures has reached 47. Planned Parenthood cannot seem to survive on its own without a $792.2 million crutch from hard-working Americans who, by and large, do not want to be complicit in its practices.

While the one-year defunding of Big Abortion businesses in the “One Big, Beautiful Bill” demonstrated one of the largest legislative wins in pro-life history, the defunding is set to expire on July 4, 2026. Come America’s 250th, taxpayers will be footing the bill for the nation’s largest abortion franchise once again.

Little do many realize, however, that funding Planned Parenthood also means propping up one of the nation’s leading providers of so-called gender-affirming care: cross-sex hormones, puberty blockers, and referrals for mastectomies and other sex-rejecting procedures.

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One of the main organizations behind the recent protests against Immigration and Customs Enforcement (ICE) operations is encouraging children to walk out of class en masse next month to help promote its agenda, which includes achieving what it said are “Eco-socialism, [a] multi-racial democracy, and Green New Deal legislation,” according to a April 8 report by representatives of parent group Defending Education.

I’ve never heard of ‘eco-socialism’. Is that another one of the Left’s made-up mouth-wrangles, like ‘social justice’?

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For the record, as Jim Treacher helpfully points out, it stands for “Missing and Murdered Indigenous Women and Girls, Two-Spirit, Lesbian, Gay, Bisexual, Transgender, Queer, Questioning, Intersex, Asexual, and “additional identities (“+”).

The excitement was started by a Canadian New Democratic Party member of parliament, Leah Gazan, who complained that not enough money was being spent to “deal with the ongoing genocide of MMIWG2SLGBTQQIA+.”

I didn’t know that MMIWG2SLGBTQQIA+ was a ethnic group. Perhaps someone might lend her a dictionary and point out that ‘genocide’ doesn’t mean what she apparently thinks it means.

Treacher tried and failed to keep a straight face in reporting on this phenomenon.

I’ll bet.

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Thousands of migrants from Asia, Africa, and the Middle East have entered the United Kingdom under a visa scheme originally designed to support Ukrainian refugees fleeing from the war.

According to Home Office data analysed by The Telegraph, nearly 3,500 visas have been granted to people from 112 countries, including Iran, Iraq, India, Afghanistan, Nigeria, and the Palestinian territories.

The figures relate to two UK programmes created to allow Ukrainians to enter Britain either through family connections or through sponsorship under the Homes for Ukraine scheme.

In total, non-Ukrainians account for almost one in every 80 of the 279,223 visas issued under the Ukrainian visa routes. Russians represent the largest group among these applicants, with 588 individuals granted entry, followed by Nigerians, Afghans, Iraqis, Moldovans, Turks, Indians, Belarusians, Iranians, and Egyptians. Smaller numbers were also recorded from countries across Africa, Asia, and Latin America.

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Raymond Ibrahim reminds us (yet again) that Islam is an existential threat to the West.

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The field of economics fully developed scientifically in the 20th century. The names John Maynard Keynes, Milton Friedman, and Friedrich Hayek come to mind. However, one additional man became the one most referenced in the last part of the 20th century and continues as such today. That man is Arthur Laffer. The Joint Committee on Taxation of the U.S. Congress recently released a report telling us Laffer is even more accurate than previously thought.

His nephew Bill was a friend of mine at Yale—as was Robert Bork’s son Charlie.

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An “Italian” imam named Ali Kashif went on TV and announced that girls who have reached nine years of age may be considered women, and are appropriate marriage material. The Italian government reacted in an sensible manner and expelled him from the country, putting him on a flight to his native Pakistan.

This is based on the fact that Mohammed married his last ‘wife’ when she was 9 years old.

So far as I am aware, Islam is the only religion founded by a pedophile.

The American Mind.

The administration’s prioritization of the “worst first” has unintentionally created a de facto enforcement amnesty for aliens unlawfully present in the United States who have not committed a subsequent crime. DHS data indicate that in 2025, ICE deported fewer than 350,000 illegal aliens. This is not the mass deportation agenda the American people voted for.

President Trump deserves credit for securing the southwest border and all but stopping the flow of illegal aliens into the United States. But much more needs to be done on interior enforcement to effectuate an actual mass deportation agenda that the president promised on the campaign trail.

Enter the Mass Deportation Coalition. This coalition was organized in February 2026 in response to political, operational, legal, and physical attacks on deportation operations. Our purpose is to support President Trump’s signature campaign promise to carry out the largest deportation operation in American history. The Mass Deportation Coalition is composed of immigration law and policy experts (including those affiliated with The Claremont Institute’s Center for the American Way of Life), former senior and rank-and-file law enforcement officials, advocates, and supporters of immigration enforcement. We are growing and regularly adding new members to the coalition.

The Foundry.

he days of peak DOGE may be over, but Trump’s quiet transformation of the federal bureaucracy continues.

The Trump administration shrank the federal workforce to its smallest number since the launch of LBJ’s Great Society. This incredible stat, little remarked upon by the media, was dredged up by X user Christian Heiens.

“Since Trump took office, over 352,000 Federal employees have been fired, resigned, or retired and were not replaced,” Heiens wrote on X. “The Federal workforce is smaller today than at any point since 1966.”

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The European Commission is moving toward a historic revival of emergency energy taxes as the 2026 Iran War sends fuel prices into a vertical climb.

Under intense pressure from a coalition of five member states—Austria, Germany, Italy, Portugal, and Spain—Brussels is currently assessing a new bloc-wide “windfall profit tax” on the oil and gas industry.

The move mirrors the 2022 “solidarity contribution” sparked by the Russia-Ukraine war, but with a critical new dimension: ministers are now demanding that the tax also capture the foreign profits of multinational energy giants.

Times are good? Raise taxes! Times are bad? Raise taxes!

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The first woman to serve as a Chancery judge was appointed in 1984.when the court expended to four judges. She retired in 1994. A second female judge served from 2015-2019. There are now seven judges, four of them women, including the first woman to serve as Chancellor, Kathleen St. Jude McCormick appointed in 2021.

Delaware has been well-known for being a jurisdiction with laws favorable to those entrusted with corporate governance. One of the significant advantages of Delaware incorporation has been the highly professional, predictable, jury-free work of the Chancery Court staffed with highly qualified specialists in corporate law. It is still the case that the judges and magistrates on the Chancery Court have impeccable credentials.

There is no corporate tax in Delaware. There have been no significant adverse legislative changes. So why have a significant number of big firms such as Tesla, Dropbox, Coinbase, the Trump Media Group and other tech firms suddenly re-incorporated in Nevada, Florida or Texas? It is understandable that firms would flee California’s tax and regulatory predation, but what has changed in Delaware?

In a controversial and apparently diagnostic ruling, Chancellor McCormick agreed with a plaintiff shareholder that Elon Musk’s Tesla compensation package violated a fairness standard even though it had been approved by the board in accordance with company rules and procedures. The Delaware Supreme Court overruled her and found her assumption that Musk must have exerted undo influence violated the rather basic principle of law that the plaintiff must prove his case and by implication that the defendant is not required to overcome the inclinations of the judge.

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Lot of that going around these days.

To point out that the “FT is nothing more than the Guardian with stock prices these days”, a “once mighty publications fallen into the abyss of wokery” would be only to shoot the messenger bearing the familiar pink newsprint. Let’s now turn to the message itself, lest one stand accused of employing ad hominem tactics.

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As much as many centrists and libertarians are opposed to Donald Trump’s ongoing strikes against Iran, I have to say, the downstream result might end up becoming one of the most libertarian results I have ever seen. For decades, small government activists like those in the Ron Paul movement have been calling for a comprehensive US divorce from NATO and the shutdown of America’s military bases overseas. Trump has, either deliberately or inadvertently, set this very process in motion.

The refusal of most of Europe (and Australia) to provide support in the reopening of the Strait of Hormuz might seem like geopolitical orbiting – In other words, getting involved could hurt them more than it would help them. Of course, these nations are far more exposed to the Hormuz closure and the slowdown in energy exports than the US. You would think their interests would demand a securing of the strait.

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Of course, you all remember the Party of Socialism & Liberation, right? Right?

Geez, guys, get over yourselves….