By Jennifer Kabbany, of The College Fix

Video that emerged over the weekend from the pro-Palestinian occupation encampment at George Washington University shows some students gleefully cheering for their campus leaders to be executed on guillotines.

The footage was captured by a citizen journalist named “Stu” who recorded the group’s so-called “People’s Tribunal” livestreamed on Instagram.

“At the George Washington University Gaza Solidarity Encampment today, the protesters held a ‘People’s Tribunal’ where they put President Ellen Granberg, Provost Christopher Bracey, the Board of Trustees, @GWPolice, and many others on trial,” Stu posted on X on May 3.

“Is it normal for students to want to hang their provost and chop the heads off of the Board of Trustees,” Stu asked. “When will [George Washington University leaders] finally do something? If the students hurt any of these people in any way, the university will be completely at fault.”

At the George Washington University Gaza Solidarity Encampment today, the protesters held a “People’s Tribunal” where they put President Ellen Granberg, Provost Christopher Bracey, the Board of Trustees, @GWPolice, and many others on trial.

Is it normal for students to want to… pic.twitter.com/M8F543q0MV

— Stu (@thestustustudio) May 3, 2024

The video is one of several extreme scenes that have been captured at the encampment on the Washington D.C. campus. Another includes the removal of the American flag and a Palestinian one hoisted in its place.

Now in its 11th day, “University President Ellen Granberg said GW is unequipped to manage the pro-Palestinian encampment in University Yard and called on GW’s partners, including D.C. officials, for their ‘full support’ on Sunday,” the GW Hatchet student newspaper reported.

“In the message to community members at about 2:30 p.m., Granberg said all of the University’s efforts to end the encampment or deter protesters from escalation have failed, including discussions with students, the assistance of local police and administrative consequences. She said the encampment is ‘potentially dangerous’ and no longer qualifies as a student demonstration,” the Hatchet reported.

Granberg’s memo stated in part that “when protesters overrun barriers established to protect the community, vandalize a university statue and flag, surround and intimidate GW students with antisemitic images and hateful rhetoric, chase people out of a public yard based on their perceived beliefs, and ignore, degrade, and push GW Police Officers and university maintenance staff, the protest ceases to be peaceful or productive. All of these things have happened at GW in the last five days.”

Daily Reminder that the American flag is not being flown at George Washington University pic.twitter.com/KpCoYkWleQ

— Stu (@thestustustudio) May 5, 2024

As for the guillotine video, the Post Millennial reported that “a woman leads the activists in chants to chop the heads off the Board of Trustees, GWU President Ellen Grandberg, and Provost Christopher Bracey,” adding:

In the mock tribunal, the woman asks “How do the people find you?”

The crowd shouts, “Guilty!” then “Guillotine! Guillotine! Guillotine!”

“Bracey, Bracey, we see you! You assault students too. Off to the motherf*cking gallows with you,” the woman chants, along with the gleeful activists.

Moving on to the Board of Trustees, she states “On the charges of having a vested interest in the genocide of Palestinian people as they profit off Zionist weapons and purchases that you refuse to divest the apartheid as they line their pockets. The people find you.”

“Guilty!” The crowd screams with a mix of mob rage and joy.

“To the Guillotine!” the girl yells. “Board of Trustees, we charge you with genocide. I hope all that money is gonna save you when you’re rotting in jail.”

The crowd calls out President Grandberg, as well. “On the charges of using our tuition dollars to fund genocide, and selling out students to Zionist interest, the people find you?”

“Guilty!” The crowd yells.

“As you already know where I am sending her,” she adds, referring to the guillotine. “Her and her f*ck *ss bob.”

Writing on PJ Media, Grayson Bakich argued the tribunal takes crazy to a whole new level.

“Stu Stu Studios also posted a longer version, but the fact that these kids are openly and publicly calling for the deaths of specific people who can very likely hear them just underscores how insane these ‘protests’ really are,” Bakich wrote.

“After all, these are the same students who vandalized the statue of George Washington on campus with a keffiyeh, Palestinian flags, and anti-Israel stickers, as my friend Catherine Salgado wrote about earlier this week.”

Sam Altman, CEO of Open AI and the man who’s name has basically become synonymous with AI, has won investor approval for his latest project, nuclear company Oklo, which is set to list on the NYSE Friday via a SPAC .

The company, which trades as ALCC until then will debut under the symbol OKLO at the end of the week. Altman is chairman of the company, which will design and deploying advanced fission power plants to provide the clean and affordable energy needed to power the flood of data centers popping up around the nation as part of the AI revolution.

The company will finalize its deal with AltC Acquisition Corporation today. The merger with AltC, a SPAC backed by Altman and Michael Klein, valued Oklo at $850 million when announced in July. As was announced in a press release yesterday: 

AltC stockholders voted to approve the business combination between AltC and Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company. Almost 100% of the votes cast at the meeting, representing approximately 72.7% of AltC’s outstanding shares, voted to approve the business combination (the “Transaction”).

The company’s mission is “to provide clean, reliable, affordable energy on a global scale through the design and deployment of next-generation fast reactor technology”, the release says. 

As Bloomberg noted this week, Oklo – which aims to deploy its first commercial advanced reactor in the U.S. before the decade’s end – signed a non-binding letter of intent with Diamondback Energy last month to collaborate on a 20-year power purchase agreement.

The idea here is similar to that discussed last month, when we warned that the shortage of power is delaying new data centers by two to six years, and is also driving Big Tech companies into the energy business: Amazon recently struck a $650 million deal to buy a data center in Pennsylvania powered by an on-site 2.5 gigawatt nuclear plant.

Susquehanna nuclear plant in Salem Township, Penn., along with the data center recently purchased by Amazon. (Photo: Talen Energy).

Backed by investors like Jeff Bezos, Bill Gates, and Peter Thiel, the who’s who of the AI revolution, nuclear fusion startups are gaining traction. Sam Altman, who invested in Oklo in 2015, believes the company is “best positioned to commercialize advanced fission energy solutions,” per a July press release.

The completion of the Oklo merger will mark ex Citi veteran dealmaker Michael Klein’s fifth successful de-SPAC after closing two blank-check firms last year. Last week, he returned to the SPAC market with Churchill Capital Corp. IX, raising $287.5 million. While SPACs fell out of favor after the 2020-2021 boom, there’s been a modest revival with serial sponsors like Klein, Nabors Industries, Mistral Capital, and Eric Rosenfeld raising millions for new deals.

Last month, we published a lengthy report discussing why even as the AI trade may be fizzling, the “electrification” trade, aka the “Power-Up America” trade – so urgently needed to run all those electricity-gobbling data centers needed to run AI – is just getting started and has in fact outperformed substantially both the broader AI and Data-Center Equipment baskets over the past two months…

… and Altman – who teamed up with another power company, Exowatt, earlier this year to focus on clean energy for AI power -agrees: “Fundamentally today in the world, the two limiting commodities you see everywhere are intelligence, which we’re trying to work on with AI, and energy,” Altman told CNBC in 2021. 

For those who missed it, in “The Next AI Trade,” we outlined various investment opportunities for powering up America, most of which have dramatically outperformed the market. In the next iteration, we will likely add Oklo to the list of beneficiaries certainly ahead of the inevitable cascade of Buy ratings sure flood the name over the next month.

By Michael Every of Rabobank

F is for Fed; Biden; Trump; and the 1980s

In a sea of lurid, stupid headlines today, it was billionaire investor Stanley Druckenmiller who arguably dropped the biggest F bombs via a TV interview.

First: “Bidenomics, If I was a professor, I’d give him an ‘F’. Basically, they misdiagnosed Covid and thought [the economy] was going into a depression… Treasury is still acting like we’re in a depression. They’ve spent and spent and spent, and my new fear now is that spending and the resulting interest rates on the debt that’s been created are going to crowd out some of the innovation that otherwise would have taken place…. Everybody seems to get it but Yellen, who just keeps spending and spending. I think it’s dumb politically because it’s causing inflation and it doesn’t take a genius to figure out that the average American is getting hurt by the inflation.”

Investor Stanley Druckenmiller on Bidenomics: “If I were a professor, I’d give them an ‘F’.” pic.twitter.com/WfsU4ecO6y

— Squawk Box (@SquawkCNBC) May 7, 2024

As an aside, one of the reasons the White House is able to get away with this fiscal splurge is not just that ‘the US is the US’, which is true, but rather that 24/7 markets don’t have an easy spoon-fed monthly number for the US fiscal deficit as a percentage of GDP on a Bloomberg screen like CPI or GDP. What is the US fiscal deficit now and compared to cycles where unemployment was below 4%? If you know off the top of your head, I’m impressed: and you’re depressed (ZH: here is the answer).

Fiscal stimulus is off the charts: 6.5% budget deficit implies 8% unemployment (instead of 3.8%). Very soon this fiscal turbo boost will be handed over to monetary stimulus pic.twitter.com/U5TRyijf1K

— zerohedge (@zerohedge) March 24, 2024

Looking ahead to the post-2024 landscape, Druckenmiller stated:

“With Biden, I’m more worried about stagflation, with all the government spending, with all the tricks that Yellen has been using to manipulate yield curve, with the way the Fed seems to have reignited financial conditions. I think the inflationary outcome could be there. But I also fear regulation and everything else preventing productivity.”

However, he didn’t have much nice to say about Trump either and noted that inflation was likely to be even higher under his presidency, particularly if he interferes with the Fed’s independence and raises tariffs, as pledged. (Perhaps Stanley reads the work of our own Philip Marey, who has been arguing the same? It’s a small world, after all.) So that’s a pre-emptive F for Trump as well.

He therefore bewailed, “I’m basically a guy without a candidate. I’m an old-style Reagan, free markets, pro-immigration, and anti-tariff Republican.” Which would explain why he’s so unhappy. Because as I had argued before it started happening, that “The 1980s called, they want their economic policy back” recipe is being repeatedly given an F by both realpolitik and voters. That fact was just underlined by the latest US restrictions on chip sales to Huawei, TikTok’s decision to fight divest-or-close legislation in court, and any dozen other headlines from around the world.  

Druckenmiller was equally acerbic about the Fed’s December pivot, where markets were suddenly led to believe that rates were going to fall rapidly again, and we were heading back to the New Normal, as if the world had not changed: as I have put it before, the Pavlov’s dogs on Wall Street started to surf a wave of their own saliva. He argued, “It seemed to me the Fed was in a perfect position. Inflation was coming down, financial conditions were tightening. To some extent, I feel like they fumbled on the five-yard line.” And this is coming from someone who is a self-proclaimed “major beneficiary” of this alleged policy error.

So, what we have now is stagflationary.

What we may have next is inflationary.

And the time-machine policy some want to see is delusionary.

Oil prices are rebounding off overnight lows – once again testing the technical support of the 100-day moving average – after sliding following API’s report of across the board inventory builds last night.

Oil has been on a downtrend since early April, posting losses in three of the past four weeks, with weakness not just in timespreads but in processing margins too.

That decline has come as much of the geopolitical premium from tensions in the Middle East has unwound, bringing traders’ focus back to a cooling market.

OPEC is due to meet next month to assess supply policy after implementing production cuts over the first half of the year to support prices. Most traders expect that the curbs will be extended, possibly to the year-end

For now, the next leg will be decided by the official supply/demand data…

API

Crude +509k (-1.40mm exp)

Cushing +1.339mm

Gasoline +1.46mm

Distillates +1.713mm

DOE

Crude -1.36mm (-1.40mm exp)

Cushing +1.88mm

Gasoline +915k

Distillates +560k

After last week’s large crude build (and the API report overnight), expectations remained for a small draw… and the official data confirmed exactly that (opposing what API reported). Stocks at the Cushing Hub rose considerably and products also saw builds…

Source: Bloomberg

The Biden admin added 947k barrels to the SPR – the most since Dec 2023

Source: Bloomberg

US Crude production was flat near record highs at 13.1mm b/d…

Source: Bloomberg

WTI was trading around $78 ahead of the official data, just below its 100DMA…

…and WTI extended gains after the ‘surprise’ draw…

Overall, “oil is lower because a renewed battle between Israel and Hamas, in isolation, does not really affect oil-producing nations,” Stewart Glickman, energy equity analyst at CFRA Research, told MarketWatch.

If Iran is “subsequently encouraged to do more direct attacks on Israel, it may be different,” he said, but the market is “discounting this possibility.”

Finally, President Biden will use crude oil from the strategic petroleum reserve should the need arise, energy adviser Amos Hochstein has said, noting there was enough oil in the reserve.

“We have been replenishing into the SPR for the last several months. I think we have sufficient supply in the SPR to address any kind of concern in the economy if we need it,” Hochstein said, speaking at the Milken Institute Global Conference, as quoted by Reuters.

One day after former President Donald Trump’s classified documents trial was postponed indefinitely after we learned that the DOJ mishandled evidence in the case (with Judge Aileen M. Cannon citing a mountain of ‘outstanding’ pre-trial matters that would make a May 20 trial ‘imprudent’), another Trump case appears to have no chance of going to trial before the 2024 election.

On Wednesday, a Georgia appeals court agreed to review a lower court ruling which allowed Fulton County District Attorney Fani Willis to remain on the Trump RICO prosecution despite being highly conflicted.

To review, Atlanta Judge Scott McAfee of Fulton Superior Court, who donated to Fani Willis when she was running for office, ruled in March that the Fani simply had to kick her lover, Nathan Wade, off the case after she paid him more than $600,000. The two notoriously took several lavish vacations together on Wade’s dime (which Fani swears she repaid in cash).

According to McAfee, while he found the “appearance of impropriety,” no “disqualification of a constitutional officer necessary when a less drastic and sufficiently remedial option is available,” adding “that the prosecution of this case cannot proceed until the State selects one of two options.”

And now, the Atlanta Court of Appeals has agreed to hear an appeal from the defendants over whether McAfee erred in his decision.

The Georgia Court of Appeals has agreed to hear an appeal from defendants over whether the judge erred when he ruled that Fani Willis could remain on the Trump RICO prosecution in Fulton County. This pushes that trial further off, likely beyond the election. pic.twitter.com/F1gXIfwI5E

— Joyce Alene (@JoyceWhiteVance) May 8, 2024

Willis indicted Trump and 18 other defendants last August, accusing them of a wide-ranging scheme to attempt to overturn the results of the 2020 presidential election in the state. All of the defendants were charged under Georgia’s Racketeer Influenced and Corrupt Organizations, or RICO, law. Trump and most of the other defendants have pleaded not guilty.

In their appeal application, Trump and other defendants argued that McAfee was wrong not to remove both WIllis and Wade, writing that “providing DA Willis with the option to simply remove Wade confounds logic and is contrary to Georgia law.“

Most recently, Willis has defiantly refused to appear before a Georgia Senate Investigative Committee, telling reporters earlier this week (via RedState):

REPORTER: Would you appear before a Georgia Senate committee without a subpoena?

WILLIS: Well first of all I don’t even think they have the authority to subpoena me, but they didn’t learn the law. 

REPORTER: Will you appear, yes or no?

WILLIS: I will not appear to anything that is unlawful. I have not broken the law in any way. I’ve said it, you know, I’ll say it amongst these leaders—I’m sorry folks get p***ed off that everybody gets treated even. 

FAITH LEADER STANDING NEXT TO HER: I think she answered that very well. 

The Georgia Court of Appeals has agreed to hear an appeal from defendants over whether the judge erred when he ruled that Fani Willis could remain on the Trump RICO prosecution in Fulton County. This pushes that trial further off, likely beyond the election. pic.twitter.com/F1gXIfwI5E

— Joyce Alene (@JoyceWhiteVance) May 8, 2024

Another one bites the dust?

Every Trump trial is melting down in front of the weaponized DOJ’s eyes. https://t.co/FjikKJDrPF

— zerohedge (@zerohedge) May 7, 2024

Authored by Mike Shedlock via MishTalk.com,

Stanley Druckenmiller says the Fed should get rid of forward guidance and just do their job.

I totally endorse a view by Stan Druckenmiller, the Fed Should Stop Forward Guidance.

Partial Video Transcript

Squawk Box:

I’ve been perplexed about the unwavering focus the Fed has had on cuts for a six month period. … Did cuts make sense the whole time?

Druckenmiller:

I was perplexed with the December pivot. …

To some extent it seems they fumbled on the 5-yard line with the game on the line. I remember saying to some of my partners, that’s the speech I thought we might hear in March.

… Instead they set financial conditions on fire. …

And once financial conditions took off, it became very clear this thing could go either way. More curiously, why they and others continued to talk about, well, it’s not going to be six cuts it’s only going to be three cuts or four cuts.

I’m going, why are we even talking about cuts?

Because inflation, if you remember, we did trillions of dollars of QE because it was 1.7 percent instead of 2! But somehow now that we are at 3 vs 2 we’ve got to start cutting rates to bring in a smooth landing. Huge mistake. It goes back to Kevin Warsh, when he was in the running for the Fed job, used to talk about reforming the Fed.

And I go Kevin, what is the major reform that we do? He says we’ve got to get rid of forward guidance.

When you put forward guidance out, unlike me when I am wrong, I tend to change my mind very rapidly, they get trapped in the forward guidance, stuck in it. … Bizarrely, at the last press conference, the Fed seems to still be hanging on to this asymmetric directive of we are not going to hike and we expect to cut but we are going to wait for the data.

… I don’t know where inflation is going to be in a year, Powell doesn’t know. I don’t think anybody knows.

Squawk Box:

You think a hike is off the table? Definitely?

Druckenmiller:

No, because there’s not a zero percent chance inflation has bottomed. I don’t know. What I would do is just say nothing, and do what a Fed chair used to do: When you need to raise rates, raise them; when you need to cut rates, cut them.

Don’t go on 60 Minutes.

You are not a rock star. You’re the Fed chair.

You are supposed to be running monetary policy.

Bernanke did a lot of things I don’t feel good about. One of the worst was forward guidance.

You have a bunch of academics talking about sending a message to the markets.

I would rather they get rid of forward guidance and just do their job.

The Fed is Uncertain About Uncertainty, So Why the Forward Guidance?

On September 22, 2023, shortly before the Fed’s pivot, I asked The Fed is Uncertain About Uncertainty, So Why the Forward Guidance?

The key words at the FOMC press conference is “uncertain” for good reason. The Fed doesn’t know what it’s doing.

Here is the image I posted then.

Image from the Fed FOMC projection materials.

Hoot of the Day

Actually, it’s good that the Fed is uncertain because their expectations have not been close to the mark for a decade.

The above chart is particularly amusing. The Fed has only a 70 percent confidence level that interest rates three years from now will be in the range of of 0 to 5.5 percent.

That means the Fed expects that 30 percent of the time, rates will be outside that range.

From 2012 to 2019 the Fed kept producing interest rate charts showing hikes that never happened.

Then the Fed decided it was necessary to make up for lack of inflation.

Need to Make Up For Lack of Inflation

Seeing a lot of inflation-related tweets…

Don’t forget to thank the folks at the @federalreserve who’ve been trying for years to spike your cost of living. pic.twitter.com/W67bBgr8Wq

— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) July 24, 2021

I’ve been discussing this for going on two decades.

Fed Uncertainty Principle

Flashback April 3, 2008 before the collapse of Lehman and Bear Stearns, to one of my all time favorite posts: Fed Uncertainty Principle

Most think the Fed follows market expectations.

However, this creates what would appear at first glance to be a major paradox: If the Fed is simply following market expectations, can the Fed be to blame for the consequences? More pointedly, why isn’t the market to blame if the Fed is simply following market expectations?

This is a very interesting theoretical question. While it’s true the Fed typically only does what is expected, those expectations become distorted over time by observations of Fed actions.

For example: If market participants are expecting the Fed to cut on weakness and the Fed does, market participants get into a psychology of expecting more cuts on more weakness. Here is another example: If market participants expect the Fed to cut rates when economic stress occurs, they will take positions based on those expectations. These expectation cycles can be self-reinforcing.

The Observer Affects The Observed

The Fed, in conjunction with all the players watching the Fed, distorts the economic picture. I liken this to Heisenberg’s Uncertainty Principle where observation of a subatomic particle changes the ability to measure it accurately.

The Fed, by its very existence, alters the economic horizon. Compounding the problem are all the eyes on the Fed attempting to game the system.

Fed Uncertainty Principle Recap

Fed Uncertainty Basis Principle:
The fed, by its very existence, has completely distorted the market via self-reinforcing observer/participant feedback loops. Thus, it is fatally flawed logic to suggest the Fed is simply following the market, therefore the market is to blame for the Fed’s actions. There would not be a Fed in a free market, and by implication, there would not be observer/participant feedback loops either.

Corollary Number One:
The Fed has no idea where interest rates should be. Only a free market does. The Fed will be disingenuous about what it knows (nothing of use) and doesn’t know (much more than it wants to admit), particularly in times of economic stress.

Corollary Number Two: The government/quasi-government body most responsible for creating this mess (the Fed), will attempt a big power grab, purportedly to fix whatever problems it creates. The bigger the mess it creates, the more power it will attempt to grab. Over time this leads to dangerously concentrated power into the hands of those who have already proven they do not know what they are doing.

Corollary Number Three:
Don’t expect the Fed to learn from past mistakes. Instead, expect the Fed to repeat them with bigger and bigger doses of exactly what created the initial problem.

Corollary Number Four:
The Fed simply does not care whether its actions are illegal or not. The Fed is operating under the principle that it’s easier to get forgiveness than permission. And forgiveness is just another means to the desired power grab it is seeking.

And so here we are. Still discussing the same things, with the Fed making the same mistakes.

The Fed’s Big Problem

On average, the economy looks OK. But averages are misleading. Several large groups of people are struggling. They all have one thing in common.

Case-Shiller home price index, CPI rent index, and the index of hourly earnings for production and nonsupervisory workers.

The Fed is now trapped in a box of its own making. Everyone who is priced out of a home is very unhappy with soaring rent, soaring home prices.

If the Fed cuts rates prematurely, what does that do to housing prices?

For discussion, please see The Fed’s Big Problem, There Are Two Economies But Only One Interest Rate

Meanwhile, Powell sounds like a wizard reading chicken bones because that’s really all he is.

A Republic of Singapore Air Force (RSAF) General Dynamics F-16 Fighting Falcon jet crashed on Wednesday after experiencing an “issue” during take-off. 

The Ministry of Defence said, “The pilot successfully ejected and the plane crashed thereafter within Tengah Air Base. The pilot is conscious and able to walk. He is receiving medical attention and no other personnel are hurt.” 

Here’s ForeFlight data on Tengah Air Base. 

“Full investigations are underway to make sure all factors are identified and rectified decisively,” Minister for Defense Ng Eng Hen said in a Facebook post. 

The RSAF did not elaborate on what caused the downing of the US-made fighter jet, which was the RSAF’s first incident with the fighter in two decades. 

Stateside, on Monday, a Lockheed Martin F-22 stealth fighter experienced a “mishap” during landing at Savannah/Hilton Head International Airport. 

Simultaneously, in a significant development for the ongoing war in Eastern Europe, Belgium, Denmark, Norway, and the Netherlands have committed to providing F-16s to Ukraine. In response, Russia issued a warning on Monday, stating that the deployment of F-16s in Ukraine would be viewed as an escalation. 

By Mark Glennon of Wirepoints

As an alternative to a primary election, Illinois law allowed for a party to get its candidates on the ballot for General Assembly spots by party slating procedure, along with collection of a requisite number of public signatures on nominating positions. A number of Republican challengers have been proceeding accordingly.

But over the course of just 30 hours on the first days of this month, the Democratic supermajority changed the law to retroactively disallow that procedure, thereby barring challengers from the November ballot as Republican party candidates.

The new law almost certainly gives Democrats a win in races in which Republicans did not run a candidate in the primary and could result in dozens of unopposed races.

Gov. JB signed the new law the day after it was passed, hours after telling reporters he didn’t know all the details. He also claimed it was an “ethics” bill.

“It really does make sure that we don’t have backroom deals to put people on the ballot and run as a result of some small group of people in a smoke-filled room making the choice,” Pritzker said at an unrelated news conference in Bloomington.

“So I think to me, more transparency is better.” It’s not like Illinois Democrats ever line up their chosen candidates to run for the party, right?

“This is nothing more than a brazen attempt by Illinois Democrats to disenfranchise voters and eliminate political competition. To hide behind the guise of ‘ethics,’ is laughable,” said Sean M. Morrison, Chairman of the Cook County GOP.

The new law originated as a “shell bill” – one on an entirely different subject with a different label, before being changed in the 30-hour cram-through.

Senate Minority Leader John Curran (R-Downers Grove) said it right:

“This abuse of power that blocks candidates from giving voters a choice in free, fair and open elections is unprecedented in Illinois’ 205-year history,” Curran said. “Their dictator-style tactic of stealing an election before a vote is cast is a new low for elective government in this state and undermines the core principals of American democracy.”

Democrats are widely believed to be particularly motivated by trying to assist Rep. Katie Stuart (D-Edwardsville), who is running for reelection in an increasingly Republican district. However, we are told that at least 20 Republicans may be knocked out of ballot spots.

This is all brought to you by the crowd who tells us that democracy is at risk in November’s election, headed, in Illinois by President Biden’s proxy (as he is routinely called, even by his allies), Pritzker.

At least one Democrat couldn’t ignore the hypocrisy. “At this time in our history, when we are watching Republican legislatures across the country really attack access to the ballot and attack voting rights and fundamentally attack democracy, I just think it’s fundamentally wrong for Democrats to participate in something that makes it harder for people to run, to run for office, makes it harder for folks to engage,” Rep. Kelly Cassidy (D-Chicago) said.

Grounds for lawsuits are now being considered, we are told by knowledgeable sources. I am no expert on election law and I don’t know what they are considering, but I have to believe that federal claims based on well-established application of civil rights laws to election rigging are in order.

It doesn’t get more shameless, tyrannical and hypocritical than this.

Intel provided an update on its second-quarter revenue forecast following the Biden administration’s decision to revoke its export license to supply semiconductors to Huawei. The new estimates reveal revenues will be below the midpoint of the $12.5 billion to $13.5 billion range. 

Blame game…

A new trend? Blame earnings weakness on Biden policies: here’s Intel pic.twitter.com/UjIdBcishc

— zerohedge (@zerohedge) May 8, 2024

In an SEC filing on Wednesday, Intel revealed that the US Department of Commerce’s revoking of its license for exports to specific Chinese customers will pressure second-quarter earnings. The company now expects revenue for the quarter to “remain in the original range of $12.5 billion to $13.5 billion but below the midpoint.” 

Intel added, “For full year 2024, the Company continues to expect revenue and earnings per share to grow year-over-year compared to 2023.” 

This comes after an overnight report from the Financial Times that said the Biden administration “revoked export licences that allow Intel and Qualcomm to supply Huawei with semiconductors as Washington increases the pressure on the Chinese telecoms equipment company.” 

People familiar with the situation said the Department of Commerce’s latest move was to pressure the supply of chips for Huawei’s smartphones. 

“We continuously assess how our controls can best protect our national security and foreign policy interests, taking into consideration a constantly changing threat environment and technological landscape,” said a spokesperson for the department. The agency confirmed to FT that it had “revoked certain licenses for exports to Huawei” but did not reveal which US companies were involved. 

The spokesperson added, “As part of this process, as we have done in the past, we sometimes revoke export licences.”

Intel shares fell 2% in premarket trading in New York. Shares are nearing Covid lows. 

Intel shares are down 40% this year, while the Philadelphia Semiconductor Index is up around 15%. 

Didn’t Biden give Intel $8.5 billion via the CHIPs Act?

Maybe Chips Act 2.0 is needed to save Intel. 

Authored by Steve Watson via Modernity.news,

The Democrat run city of Denver is encouraging residents to host migrant families in their homes and has even set up a hotline so people can volunteer to take in illegals who have no where else to go.

FOX31 Denver reports that a charity calling itself ‘Hope Has No Borders’ “began pairing migrant workers and their families with hosts in Colorado in late 2023. Now, with help from the United Way, getting paired up is a simple phone call away by dialing 211.”

A news segment details how one resident happily took in a family of four migrants after seeing that they are camping out in airports and on the streets because all the shelters are full.

The Democrat run city of Denver is encouraging residents to host migrants in their homes and has even set up a hotline so people can volunteer to take in entire families of illegals, like this single mother with 1 spare bedroom. Full report herehttps://t.co/22rIwnI3OE pic.twitter.com/E7N4885h9A

— m o d e r n i t y (@ModernityNews) May 8, 2024

The woman, Erin Lennon, is “a single mom with a spare bedroom,” according to the report.

Not a rich liberal with an eight bedroom house then.

Imagine our shock.

The report notes that Lennon’s young son “was nervous at first about the idea of taking in strangers,” but she states “Some of the greatest things that, you know, that you do or have done, has been involved with some risk.”

As we previously highlighted, this kind of thing is happening in several cities nationwide.

Some people are treating it like it’s a way of getting a free servant:

The state of Michigan is even offering $500 per month to residents who agree to house illegal immigrants in their homes.

I’m sure the phones are ringing off the hook.

— Awitty Fellow (@JustTrollinLibs) May 7, 2024

Lots of huge houses in Cherry Creek, Boulder, and Cherry Hills. Once those are full get back to me.

— Brad Coen (@brad_coen) May 7, 2024

Whether people do or don’t invite the illegal immigrants in to their homes, they risk literal invasions via progressive squatting laws.

People in Denver dumb enough to host illegals won’t be able to get rid of them once they’re there beyond 30 days because of squatting laws.

And forget about getting the illegals prosecuted for any crimes they commit.

Eventually Denver residents will be forced to host illegals.

— Paul A. Szypula 🇺🇸 (@Bubblebathgirl) May 6, 2024

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