Bitcoin briefly hits $64k

Source: Forbes India [India]

“On February 28, the price of Bitcoin briefly surpassed $64,000 before pulling back towards the $62,000 level. The price movement witnessed this month is linked to the upcoming Bitcoin halving event, associated with significant upward price movements. The upsurge has also been credited to heightened inflows into newly established spot Bitcoin ETFs. … Bitcoin is presently short of 13 percent of reaching its all-time peak value, with both retail and institutional investors anticipating a surpassing of the record $68,900 level before the upcoming supply halving, slated to happen in approximately 52 days.” (03/01/24)

Senator, This Is A Wendy’s

Source: Cato Institute
by Ryan Bourne and Sophia Bagley

“Now, we’ve broadly accepted this principle [‘surge pricing’] in several areas of life already — with rideshare being the classic example. But, for some reason, whenever it gets mooted for a new sector, panic ensues. Dynamic pricing seems particularly unpopular as a concept when it comes to food sales. And where there is concern, you can count on populist politicians to jump on the bandwagon. Thus, yesterday, Senator Elizabeth Warren — who seems to have an opinion on every company’s pricing strategy — slammed Wendy’s reported plans as ‘price gouging,’ painting it as a greedy attempt to get you to pay more for lunch. … Warren’s perspective reflects a weird principle that much of the public seems to hold about market pricing: that it’s somehow illegitimate for prices to go up if originally driven by sharp rises in consumer demand, rather than an unexpected jump in costs.” (02/29/24)

UK: Galloway wins parliament seat with Gaza agenda, vows to take on Labour

Source: Reuters

“Veteran left-wing political maverick George Galloway was elected as the new lawmaker for the English town of Rochdale on Friday, vowing to be a thorn in the side for the opposition Labour Party over Gaza before a national election it is tipped to win. After running a pro-Palestinian campaign, Galloway won over many of Rochdale’s Muslim community by attacking both Labour and Britain’s governing Conservatives for supporting Israel in its war against Hamas, making a foreign conflict the major issue – unusual in a by-election where local concerns usually dominate. Elected to parliament for the seventh time, Galloway will be an irritant to Labour, a party he once belonged to before being ejected for criticising then-prime minister Tony Blair over the Iraq war.” (03/01/24)

Then There Was The Time Tom Cotton Bemoaned “Extremism”

Source: Garrison Center
by Thomas L Knapp

“To Cotton’s mind, the Israeli regime’s murders of civilians in Gaza — the current toll stands at 30,000 or more — are morally justifiable and worthy of his support, while killing one’s self in protest against genocide is ‘extremist’ and supportive of ‘terrorism.’ Color me unsurprised. Cotton’s incapable of opening his mouth without revealing the sewer of narcissism and sociopathy that passes for his mind. This is the guy who believes America has an “under-incarceration” problem, who advocated sending in federal troops to suppress American protests against murders committed by police officers, and who’s never met a war he didn’t like.” (02/29/24)

US regime looking into possible airdrops of aid into Gaza, officials say

Source: Yahoo! News

“The United States is looking into possible airdrops of aid into Gaza as the humanitarian crisis there deepens and assistance fails to reach the people in the war-torn strip, two US officials told CNN on Wednesday. US officials have consistently said much more must be done in order for critically needed assistance to reach those in Gaza, where more than 2 million people are at “imminent risk” of famine, according to the United Nations. One US official said the prospect of airdrops is being seriously considered based on the conditions on the ground.” [editor’s note: IF the US regime insists on being involved in the Gaza war at all — it shouldn’t, including funding and arming the Israelis — it should simply let the Israeli regime know that any IDF elements interfering in any way with ground delivery of aid will be destroyed – TLK] (03/01/24)

Trump’s 2024 Campaign Looks a Lot Like Hillary Clinton’s in 2016

Source: The New Republic
by Alex Shephard

“While Trump romped to victory in [Michigan], defeating Nikki Haley by more than 40 points, his share of the vote underperformed the polls for the fourth consecutive contest: FiveThirtyEight’s polling average had him winning the state by nearly 60 points. … Trump’s repeated underperformance — and Haley’s decision to stick around even after it has become clear that she will not be her party’s nominee — recalls Hillary Clinton’s struggle to lock up the Democratic Party’s nomination in 2016. Then, as with Trump today, voters repeatedly sent the message that they were unenthused about their party’s presumptive nominee. That lack of enthusiasm destroyed Clinton’s campaign — and handed the presidency to Trump. Now the same alarms are blaring, and Trump, like Clinton before him, is ignoring them.” (02/29/24)

Iranian regime launches “domestically developed” imaging satellite from Russia

Source: Al Jazeera [Qatari state media]

“Russia has launched an Iranian-made research satellite into orbit amid rising tensions with the West. The Pars 1 remote sensing and imaging satellite was launched on Thursday by a Russian Soyuz rocket from the Vostochny Cosmodrome and will scan Iran’s topography from an orbit of 310 miles (500km), according to the official IRNA news agency. Iran’s Telecommunications Minister Issa Zarepour said Pars-I was ‘fully domestically developed.’ Iran claimed it had simultaneously launched three satellites into orbit in January using its own rocket, nearly a week after the launch of a research satellite by its Islamic Revolutionary Guard Corps (IRGC).” (02/29/24)

How Rich People Create Poverty

Source: American Institute for Economic Research
by Art Carden

“It’s popular within the academy and fashionable intellectual circles to blame rich Westerners for global poverty, or rich Americans for national poverty. Rich people shoulder a lot of the blame for poverty, but not for the reasons you might think. It’s worth revisiting why rich Westerners share so much blame for poverty. It’s not because we have high standards of living. Rather, it’s because we enthusiastically embrace immigration restrictions that make it hard for people to move to where their labor is most valuable and tariffs that make their labor less valuable by reducing their customer base — and we make ourselves worse off in the process. … We’re not blameworthy because we’re richer. We’re blameworthy because we refuse to further enrich ourselves by letting foreigners trade.” (02/29/24)

MI: Amash announces Republican bid for US Senate seat

Source: SFGate

“Former U.S. Rep. Justin Amash, who left the GOP in 2019 after calling for the impeachment of then-President Donald Trump, announced a Republican bid for Michigan’s U.S. Senate seat Thursday. Amash represented Grand Rapids from 2011 to 2021, and he becomes the third former U.S. representative to join the Republican field vying for Michigan’s open Senate seat. Former U.S. Reps. Mike Rogers and Peter Meijer have also announced Republican campaigns, as has businessman Sandy Pensler. ‘I’m convinced that no candidate would be better positioned to win both the Republican primary and the general election,’ Amash said on the social media platform X, formerly Twitter. ‘That’s why, today, I’m making it official: I’m joining the race for United States Senate in Michigan.’ The decision to jump into the Republican primary comes after Amash left the party to become a[ Libertarian]. He had been the lone House Republican to support a Trump impeachment inquiry in 2019.” (02/29/24)