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The Year Had Begun With Optimism, Transitioned To Pessimism And Ended With A Level Of Acceptance

A report from the West Volusia Beacon. “West Volusia in 1924 was a dynamic place, perched on the edge of a transformative decade. The Florida land boom was reshaping the county. Investors flocked to DeLand and nearby areas, lured by the promise of rich real estate opportunities. New subdivisions sprouted overnight. But the speculative frenzy was unsustainable. As property values soared, the bubble grew more fragile. In two years, the land boom would collapse. This would halt much of the development that had fueled the county’s growth.”

The Herald Tribune in Florida. “An ‘exclusive garage condominium’ located east of Interstate 75 in Sarasota County near Lakewood Ranch’s Waterside Place will be completed early next year, according to a news release from the listing agent for the remaining units. Car Collective was the brainchild of Sarasota auto enthusiast Scott Elsbree as he wanted additional vehicle storage while also hoping to create a car-centric community. Seven of the units have been sold, with Michael Saunders & Co. agent Joanna Benante leading the sales effort. Benante said luxury car garages have been wildly successful since one of the first local upscale car garages opened in 2019. The least expensive, 800-square-foot unit sold for $317,000, she said. Currently, the least-expensive option is a 1,243-square-foot unit that’s available for $495,000.”

From WRLN. “Florida’s ongoing condo crisis is not only affecting older residents on fixed incomes, but also young professionals in Palm Beach County who are feeling the financial strain and are weighing up whether they can afford to stay in their units or will be forced to sell. One young condo owner told WLRN the ‘super overwhelming’ future assessment fees — jacked up to several hundreds of dollars per month — has already pushed him out, forcing him and his fiancé, a nurse, to put their unit in West Palm Beach on the market. The condo owner said the estimated increase in assessment for his unit at the Whitehall Condominiums of Palm Beach Lakes is about $800, which is on top of his already $600 in Homeowners Association payments. It ‘suddenly makes it feel like an additional rent on top of a mortgage,’ said the 25-year-old firefighter, who did not want to be identified to discuss freely his condo finances.”

“The West Palm Beach owner voiced concerns to WLRN that even without immediate fee increases, future assessment fees could become simply unaffordable. And he feels like the vote is simply just kicking the can down the road. ‘We were happy, we were living, we were managing things. We just started planning our wedding and taking on the finances and the normal stress that comes with that,’ he said. ‘And now suddenly we are house-hunting and thinking about what we’re going to do and kind of put the wedding on the back burner and figure out our finances — in the sense of, we need to be saving up for a house, let alone a wedding,’ he said. His fiancée is ‘overwhelmed’ and ‘hates the situation as much as I do.’ He said they’ve decided to leave despite the vote to hold off new assessment fees. ‘We just simply can’t afford to pay that additional $1,400 a month on an already tight budget and tight economy.'”

Minnesota Public Radio. “Homeowners across Minnesota are facing a bump in their property taxes for the next year, after some cities and counties increased their tax levies. That’s the case in Minneapolis, where the city council approved a levy increase of about 7 percent. But owners of land trust houses in Minneapolis are facing a bigger shock: property tax bill increases of more than 40 percent. It’s the result of a change in state law that’ll bring taxes down for land trust homeowners in the rest of the state. Charlie Zieke bought a land trust house in south Minneapolis in 2018. They had been renting in the neighborhood for several years, but rent prices kept going up. They wanted the stability of owning a home.”

“Zieke was in their 20s, working at a school — not making enough money to buy a house on the open market. But they qualified for help from the City of Lakes Community Land Trust. They said it’s the reason they stayed in Minneapolis. But early in December, Zieke got a surprising notice in the mail: their property taxes are going up more than 40 percent. ‘I used to be able to save money living here,’ Zieke said. ‘Between the property tax increase and my insurance for the house, I’m not able to save at the same amount, or really at all.'”

Essentially Sports on California. “All talk and no show—that’s what San Francisco Giants fans are feeling at the moment. Fans had hoped that under Buster Posey’s regime, the team would start going in the right direction. And for once, there was a flicker of hope where Posey, who said he needed a great shortstop, went all out for Willy Adames. But here comes the kicker: that was it! Since then, the Giants haven’t delved any further into big-ticket players. The Giants aren’t able to get marquee players and the reason might be the ownership’s money being stuck in real estate. The Giants seem to have a ‘baby’ by the name of the Mission Rock project. This 28-acre development across McCovey Cove is set to feature 11 buildings and have a million square feet of office space and restaurant space. It will also include 1,000 rental units, and 40% is designed for affordable housing. However, San Francisco’s real estate market has taken a hit. The mid-tier condo prices have dropped 14.7% from their peak in May 2022. With multifamily condos flooding key locations, the housing boom has reversed by 30%.”

The Globe and Mail. “Two decades ago, I wrote: ‘Sometime, not too long ago, while no one was watching, Canada became the world’s most successful country.’ I’m not sure that’s still true. We are a less-accommodating country within a less-accommodating world. We confront internal and external challenges that place our future at risk. The Canada I celebrated two decades ago is still around. But it’s getting harder to find by the day. So why are Canadians experiencing a crisis of faith now that they did not feel then? Yes, the COVID-19 pandemic inflicted trauma on Canadians. Yes, social media encourages polarization of attitudes that is reflected in our politics. But there is more to it than that. Canada’s aging society has placed a serious burden on the young. Many of them lack income security and can’t afford to buy or even rent their own place. They’re angry, and who can blame them?”

“Western anger at an intrusive federal government dominated by central Canadian political elites is even greater today than it was thirty and forty years ago. Governments in Alberta and Saskatchewan speak openly of sovereignty for their provinces within Confederation. Meanwhile, the separatist Parti Québécois is favoured, according to polls, to win the next Quebec election. We have surrendered some of our most precious public spaces – sidewalks and parks and neighbourhoods – to troubled people struggling with homelessness and dependence.”

“The Western alliance in which Canada is imbedded appears to be in decline. Russia has brazenly invaded Ukraine, China rattles its formidable sabres and the United States, this country’s closest ally, is acting more like an antagonist, as president-elect Donald Trump threatens Canada with crippling tariffs and derisively refers to us as a 51st state.”

Domain News in Australia. “Melbourne’s multimillionaire mansion buyers had their pick of homes for sale in 2024, as long as they had deep pockets. By the year’s end, several high-end listings remained available and looking for the right buyer. Top-end buyer’s agent David Morrell described the year as a tale of two halves. ‘Those [sellers] that went to the market in February, March, looked like heroes, and those that went to the market late in the year have got doughnuts,’ he said. ‘It’s not to do with interest rates at the top end – there’s global uncertainty, general instability. I’ve never seen the gap so wide between what a vendor will accept and what a buyer will pay, and I think that gap is getting wider.’ He is making offers, but not willing to overpay. Buyers were mindful of vacancy taxes and the state government’s land tax on secondary properties, he said.”

“Marshall White’s Marcus Chiminello said the year had begun with optimism, transitioned to pessimism and ended with a level of acceptance, when several transactions took place as buyers and sellers wanted to get on with life. Blocks of land for sale had been more challenging because of build costs, compared with highly sought turnkey properties that let buyers avoid a renovation, he said. ‘In 2025, I think we are going to see pretty much the same – vendors have taken a step in the market’s direction and the market has taken a step in the vendors’ direction,’ he said.”

“Kay & Burton’s Jamie Mi also noticed a change in sentiment.’The market started really well, so lots of activity … there were lots of buyers looking,’ she said. ‘It’s really from Melbourne Cup, you can really see the confidence shifted. Second half of the year, we are … seeing deals are really taking longer to complete.'”

This Post Has 78 Comments
  1. ‘I used to be able to save money living here,’ Zieke said. ‘Between the property tax increase and my insurance for the house, I’m not able to save at the same amount, or really at all’

    You have to be in it to win it Charlie. I’d bet you just finished yer stuffing yer face with expensive food at Christmas, maybe even more than once a day!

    1. Zieke was in their 20s, working at a school — not making enough money to buy a house on the open market. But they

      Non-binary 🙄

      1. Whenever I see such usage in “journalism” I know that it’s clown world propaganda, and not worth my time reading the rest.

        1. same w/SF Gate emo journalists here in San Francisco area:
          every other story has the overwrought handwringing “Beloved” in its title.

          EVERYTHING, even the most mundane, is now “Beloved” !!
          • closed restaurants
          • missing garden gnomes
          • crowded concerts
          • your favorite bolo tie
          ad nauseum . .

          child, please

  2. ‘The mid-tier condo prices have dropped 14.7% from their peak in May 2022. With multifamily condos flooding key locations, the housing boom has reversed by 30%’

    It’s a good thing everybody put 40% down!

    1. The real car condos in Miami are where it’s at. Who needs a boring ‘garage condo’ when you can park right in your 15th floor living room with a view? The Porsche Tower is one of the best known but other competing luxury car brands also have them and some of them are amazing. Here is a Porsche Tower tour, if you like it check out some of the others like The Bentley Residences.

      https://www.youtube.com/watch?v=rW6wUn0wYp0

  3. “We just simply can’t afford to pay that additional $1,400 a month on an already tight budget and tight economy”

    Paul Krugman muh best economy ever.

    1. kind of put the wedding on the back burner

      If you’re waiting to afford the big party, you’re not in love enough. Go to the courthouse and spend the wedding money on a baby.

      1. If you’re waiting to afford the big party, you’re not in love enough

        Yep I think we paid about $20 to get legally married. We did have a modest party that thankfully my parents in law paid to host, but if they did not offer we could have done a catered event in a backyard for under $200.

        1. $200

          My then future FIL offered me $200 and a ladder to make off with his daughter without the “party”. I suggested that he was negotiating with the wrong party.

          So he bet the $200 on a longshot at the track. He threw a wad of 60 $100 bills on the table and told my bride “There’s your party!”

          1972

    2. “We just simply can’t afford to pay that additional $1,400 a month on an already tight budget and tight economy”

      This is likely the first black swan. It is localized to places like hurricane coastal and western forest fore regions. But it will spread.

    3. You know maybe Musk is right under population is going to be a huuuuuge problem in the future. no wedding no babies. just a CAT lady,

        1. No one to buy4-5 bedroom MCMansions, SS to issue IOU’s. …..guess we have to make illegals legal so they pay into the system, and make Spanish a required course to graduate high school and college.

  4. Mass Formation Psychosis.

    It’s NPR, the audience who read and listen to articles like this have an incurable Mass Formation Psychosis.

    Bird flu Q&A: What to know to help protect yourself and your pets (12/30/2024):

    “For now, the concern is more about what could transpire as more animals and humans get infected, says Kristen Coleman, who researches airborne infectious diseases at the University of Maryland. “It’s not an immediate risk, but that’s not to say that it won’t be a risk in the near future.”

    That’s because every spillover into mammals, including humans, puts added pressure on the virus to adapt to its new host, raising the prospect that certain mutations pop up, which could, under the right circumstance, let the virus more efficiently replicate and infect people.”

    https://www.npr.org/sections/shots-health-news/2024/12/30/nx-s1-5239924/bird-flu-q-a-what-to-know-to-help-protect-yourself-and-your-pets

    Translation: we’re working on making this more transmissable and deadly, and you, the taxpayer, are paying for all of it.

    1. Related article, and a reminder that these tyrants had the audacity to ask for a “pandemic amnesty” in 2022.

      American Public Opinion and Vaccination Requirements (9/3/2021):

      “The variation across these party/vaccination status groups is extreme. For example, 96% of vaccinated Democrats favor the requirement for proof of vaccination before flying on an airplane, compared with 12% of unvaccinated Republicans. Ninety-four percent of vaccinated Democrats favor the requirement for attendance at events”

      https://news.gallup.com/poll/354506/update-american-public-opinion-vaccination-requirements.aspx

      It starts with a free donut, and it ends with you, in a box car, on a one way trip to the camp.

      1. Camps, did you say?

        Queensland’s Wellcamp COVID quarantine facility to take first arrivals this weekend (2/3/2022):

        “You’ll recall all the debates about why it was important to phase out hotel quarantine and have a dedicated facility and I’m certainly pleased to have it now.”

        Ms Greenfield said, given the scale of the operation, the project progressed quickly once commissioned.

        “I’ve been involved since March 2020 and since that time we’ve had the pleasure of providing quarantine accommodation to over 170,000 people,” she said.

        https://www.abc.net.au/news/2022-02-04/covid-queensland-wellcamp-quarantine-facility-first-guests/100804636

      2. ** “It starts with a free donut, and it ends with you, in a box car, on a one way trip to the camp.”

        Operation “Homer Simpson”
        riding on The Spirit of New Orleans

    2. Related article.

      Victoria Police officer in viral ‘choking’ arrest video cleared after internal investigation (12/23/2020):

      “A Victorian police officer who was filmed grabbing a woman around the neck after approaching her for not wearing a face mask earlier this year will face no disciplinary action.

      Footage of the arrest, which occurred in August during Melbourne’s tough stage four lockdown, went viral on social media and fuelled unease at the state’s heavy-handed enforcement of COVID-19 restrictions.

      In a video filmed from a nearby balcony, the officers were seen approaching the woman. Moments later, the male officer was seen grabbing her by the throat.

      He dragged her several metres down the street and pushed her against a wall as she screamed, “You’re choking me!”

      Democrat Party as cited in above linked Gallup poll wants this in USA.

      Who? Democrat Party, that’s who.

      “Not long after the Collingwood incident, the arrest of a pregnant woman in her pyjamas at her Ballarat home for promoting an anti-lockdown protest on Facebook made international headlines.

      Zoe Buhler surfaced again last month with an anti-vaccination rant, saying she didn’t want anyone who was “stupid enough to actually get” a COVID-19 vaccine “anywhere near me or my children”

      https://www.news.com.au/world/coronavirus/australia/victoria-police-officer-in-viral-choking-arrest-video-cleared-after-internal-investigation/news-story/53bc9726db12ceb9063876f46a213203

      Covid vaccines are poison, Zoe.

      If you allow a recently “vaccinated” person near your children, they are shedding the mRNA spike proteins, and giving your children A.I.D.S. and monkeypox, Zoe.

    1. He was the prototype for FJB.

      Carter might have projected a nicey-nice image in his post presidential years, with his virtue signaling at Habitat for Humanity, but he supported the Dems insane, immoral and destructive policies until he drew his final breath. So much for the Baptist Sunday school teacher. It was bad enough that he was our most incompetent president until FJB came along, but it is clear that the wholesome image he projected in 1976 was a mirage, an illusion, a lie.

      I don’t know what will happen to him, it is not for me to say. But I would not want to be in his shoes.

  5. Paul Krugman muh best economy ever:

    “Credit card lenders wrote off $46 billion in delinquent loan balances in the first three quarters of 2024, a 50 percent increase from the same period last year. These forms of write-offs are are viewed as a highly monitored measure of loan distress.

    This is the highest level since 2010, according to industry data gathered by BankRegData.

    Mark Zandi, the head of Moody’s Analytics, said, “High-income households are fine, but the bottom third of US consumers are tapped out. Their savings rate right now is zero.”

    https://www.breitbart.com/politics/2024/12/30/credit-card-defaults-spike-to-highest-level-since-aftermath-of-2008-financial-crisis/

    Savings rate is zero? Must be one of those Build Back Better kind of things…

    1. Paywall article.

      Wall Street Journal — When Fewer Americans Are Buying Homes, These Companies Suffer (12/31/2024):

      “Americans aren’t buying as much paint, flooring or home decor. ‘We only need so many couches.’

      Executives from home-improvement giants such as Lowe’s say rising prices caused customers to pull back on home projects in 2024.

      The sputtering U.S. housing market is hurting the businesses that depend on Americans opening their wallets to fix up and furnish their new homes.

      Retailers announced more U.S. store closures than openings in 2024, according to data firm Coresight Research, reversing a two-year trend of net openings.”

      https://www.wsj.com/economy/housing/retail-sales-home-improvement-companies-94277e97?mod=mhp

      Paul Krugman muh best economy ever.

  6. “They had been renting in the neighborhood for several years, but rent prices kept going up. They wanted the stability of owning a home.”

    Stability? Ask a “homeowner” these days what maintenance costs have done on shacks.

    1. well there are NO legit pregnancy pictures of moo, and Wendy Williams. When my mom passed a few years aback she had a box of pics in her closet when she was pg with me and my brothers….. but no moochelle?

  7. Continuing yesterday’s discussion regarding Marxism as implemented in the 20th century versus today.

    Celebrating The Death Of Woke And The Resurrection Of Common Sense (12/30/2024):

    “Woke represented the perverse inversion of every aspect of western society and human morality …

    A world where all logic and critical thought are admonished. A world where lies are celebrated and the truth is treated as treason. A society that’s not allowed to claim its own heritage because it has been labeled “racist”. A culture perpetually walking on eggshells as leftist hall monitors loom over us, gatekeeping our every moment. What we witnessed as a society over the past decade has been a calculated nuclear attack on the very fabric of the human soul.

    There was a point, I believe, in 2021-2022 where we came within a razor’s edge of civil war. You could feel it in the air; millions of Americans were fed up and ready to wipe the political left off the face of the Earth (such a conflict might still happen). I don’t think progressives realize how lucky they are that conservatives are patient.

    Conservatives said it over and over again – Leave the kids alone. The leftists refused to listen. The effort to introduce gender ideology into schools and children’s entertainment was expansive. Not only did they try to confuse children about their basic genetic make-up and biological roles, they also tried to expose kids to sexualized discussions to the point of grooming.

    I’ve said it before and I’ll say it again, the moment the left went after the kids was the moment they lost the culture war. That’s when the mask came off and centrists realized that everything conservatives were warning about when it came to progressives was true.

    It does make sense in a Machiavellian way; a large percentage of woke activists don’t have kids and probably never will. In order to pass on their cultism they have to steal YOUR kids and brainwash them. It’s the only way progressives can perpetuate their species.”

    https://alt-market.us/celebrating-the-death-of-woke-and-the-resurrection-of-common-sense/

    Under Marxism, children are the property of the state.

    And yes, housing, because your property taxes are paying to promote this in the public schools.

    1. I have never seen so many households switch to home schooling, charter schools or private schools. From what I can see the only ones left attending most public schools are the poors and the invaders. The school district in my little burg is closing schools, even though the population is growing, while the charter and private schools are growing.

  8. Here are B.C.’s 10 worst 911 nuisance calls of the year

    What do overripe avocados, stinky cologne and misplaced phones have in common?

    Generally speaking, none of them warrant a call to 911.

    That’s the message from E-Comm – the company that handles the vast majority of 911 calls in B.C. – which is once again urging the public not to occupy crucial emergency lines unless they’re experiencing actual emergencies.

    On Monday, E-Comm shared its annual list of the 10 worst nuisance calls of the year, in which people dialled 911 for the following:

    – To report a neighbour wearing too much cologne

    – Because a dry cleaner stained their shirt

    – To request directions to a Shoppers Drug Mart that’s open 24 hours a day

    – To report that a “McDonald’s wouldn’t open” its doors

    – Because they purchased a box of 38 avocadoes and discovered they were rotten

    – To request technical support

    – To complain that their power was out

    – Because they left their phone in an Uber

    – To request help removing a wasp nest

    – Because they saw a domesticated-looking bunny in a park

    “We understand that some of these situations might feel urgent to the individual in the moment, but 911 is not the appropriate number to call if your power goes out or you require tech support,” said Laura, an E-Comm call-taker, in a news release.

    https://bc.ctvnews.ca/mcdonald-s-wouldn-t-open-here-are-b-c-s-10-worst-911-nuisance-calls-of-the-year-1.7160421

  9. Elon Musk’s Starlink to roll out direct-to-cell services in Ukraine

    Ukraine’s leading mobile operator Kyivstar has signed an agreement with Elon Musk’s Starlink to introduce direct-to-cell satellite connectivity, Kyivstar’s parent company VEON said on Monday.

    Direct-to-cell devices are connected to satellites equipped with modems that function like a cellphone tower, beaming phone signals from space directly to smartphones.

    Kyivstar expects direct-to-cell services with messaging functionality to be operational in the fourth quarter of 2025, the telecoms group said in a joint statement. The operator will expand voice and data services in later stages.

    SpaceX-owned Starlink, which also provides critical internet connectivity to war-torn Ukraine and its military, launched its first set of satellites with direct-to-cell capabilities earlier this year.

    The satellite broadband firm has struck deals with local providers for direct-to-cell services in the U.S. and seven other countries, including Japan and New Zealand.

    Ukraine will be one of the first countries in the world with direct-to-cell connectivity and the first conflict zone where Starlink will roll out this technology, according to its website.

    Russia has ramped up its efforts to jam signals between Starlink satellites and ground terminals in Ukraine since 2022.

    https://www.theglobeandmail.com/business/international-business/article-elon-musks-starlink-to-roll-out-direct-to-cell-services-in-ukraine/

  10. ‘Locked door loophole’ bill set to take effect Wednesday

    California’s “locked door loophole” bill is set to go into effect Wednesday as one of several new 2025 laws statewide and nationwide. Authored by California State Sen. Scott Wiener (D-San Francisco), Senate Bill 905 was signed into law by Gov. Gavin Newsom last summer.

    SB 905 will no longer require California car owners to prove their car was locked when it was broken into. Instead, signs of forcible entry — a broken window for example — will suffice to prove that the crime of auto burglary was committed.

    “On Wednesday, a car break-in law I wrote goes into effect,” wrote Sen. Wiener on Reddit Monday. “It’ll make it easier to hold people accountable for breaking into cars.”

    Wiener has been a long-time proponent of a bill to end the locked door loophole, which, under current law, requires car owners to be willing to testify under penalty of perjury that their car was locked when broken into. He first sponsored a bill to close the loophole back in 2018.

    SB 905 represents the third time the San Francisco state senator has authored a bill to close the loophole. Previously, Wiener described the existing law as “a senseless barrier to holding auto burglars accountable.”

    “Senate Bill 905 ends the absurd loophole requiring proof not just of a break-in but also that all doors to the car were locked,” Wiener said. “Under long standing law in California, if you own a car but don’t recall (i.e. can’t testify under penalty of perjury) whether you locked all of the doors — or if you’re a visitor who rented a car here and you’re now far away and no longer here to testify you locked the doors — the case can be lost even with proof that the person broke into the car.”

    “With SB 905’s passage, this dumb ‘locked door loophole’ will finally end,” Wiener said.

    https://www.msn.com/en-us/news/us/locked-door-loophole-bill-set-to-take-effect-wednesday/ar-AA1wIvW3

    It only took you 6 years Scott.

    1. The Democrat-Bolsheviks have precisely the same agenda as their globalist oligarch moneybags like Soros: promoting societal breakdown and the destruction of Western Civilization.

  11. The 2024 Campaign Was an Embarrassment for Elite Media

    On September 25, more than two months after entering the presidential race, Democratic nominee Kamala Harris finally sat down for her first one-on-one interview with a national television reporter.

    It wasn’t just any reporter. Stephanie Ruhle, host of a nightly show on the Democrat-cheerleading cable network MSNBC, had, just five days prior, ridiculed the very notion that journalists, let alone voters, needed to hear anything more from the vice president before Election Day. “Let’s say you don’t like her answer. Are you going to vote for Donald Trump?” an exasperated Ruhle demanded to know from co-panelist Bret Stephens on HBO’s Real Time With Bill Maher, after the New York Times columnist suggested undecided voters—presciently, it would turn out after Trump’s victory—could use more information from Harris. “We have two choices….There are some things you might not know her answer to, [but] in 2024, unlike 2016, for a lot of the American people, we know exactly what Trump will do, who he is, and the kind of threat he is to democracy.”

    When Stephens protested that “I don’t think it’s too much to ask for her to sit down for a real interview,” Ruhle shot back: “I would just say to that, when you move to nirvana, give me your real estate broker’s number, and I’ll be your next-door neighbor. We don’t live there.”

    Ruhle, a former managing director at Deutsche Bank, will not likely be moving any time soon from her town house on Manhattan’s Upper West Side or summer cottage on Long Beach Island. But the anchor’s zinger, praised by the likes of The Atlantic’s Tom Nichols and The Nation’s Joan Walsh, did signal another kind of shift. Thirty-six years after CNN’s Bernard Shaw gutted Democratic presidential nominee Michael Dukakis with a single debate question (“Governor, if Kitty Dukakis were raped and murdered, would you favor an irrevocable death penalty for the killer?”), journalists increasingly view their vocation’s role in the political arena as instrumental rather than adversarial: How does their work affect the electoral bottom line?

    Ruhle’s eventual sit-down with Harris illustrated the artistic limits of this functionalist approach. “To call the interview with MSNBC softball,” snarked The New York Sun’s Dean Karayanis afterward, “would be an injustice to the game.” The 25-minute exchange better resembled T-ball, with such participation trophy set-ups as “Can we trust you?” and “[Trump] said he will be the protector of women if elected. Can you respond to that?” Left unmentioned was a question that, remarkably, did not get asked of Harris until Fox News anchor Bret Baier brought it up on the 87th day of her candidacy: When, exactly, did she notice her boss was experiencing age-related decline, and what did she do about it?

    “As reporters,” Bernard Shaw once reminisced, “we were not doing our jobs if we don’t ask the toughest question possible.” Well, that was then. But what is now?

    A surface analysis of the modern media ecosystem might conclude the industry has transitioned into a more conscious partisanship, embracing rather than downplaying a political bias that has metastasized from majoritarian to dominant. Defenders of this mission creep call it “moral clarity”; detractors deride it as orthodoxical and “woke.”

    But that reductionist picture zooms in on the tusks while missing the rest of the elephant. The basic condition of the industrialized journalistic project is massive and long-term institutional decline—of audience, of reach, of employment, of influence. In a way that mainstream reporters and their antagonists struggle to accept, the media, comparatively, don’t really matter anymore. There’s not enough there there to sustain the role of either hero or villain. No one cares about editorial endorsements; candidates prefer talking to comedians and podcasters; October-surprise investigative heaves rarely move the needle.

    While the center-right tends to blame the deterioration of media on the elites who run them, the center-left has an accusatory explanation of its own: that social media, with its algorithmic preference for consequence-free fearmongering enabled by Section 230 of the 1996 Telecommunications Act, has incentivized bad actors, including populist conservatives and foreign ne’er-do-wells, to pollute the discourse commons, thereby eroding social trust.

    “If we trust little or nothing because we can’t tell the snake oil from the facts,” warned Steven Brill in his 2024 book The Death of Truth, “everything breaks down. We cannot have a democracy. Ultimately, we cannot expect a civil society.” Similar theses, presented with similar pessimism, were advanced this year in Renée DiResta’s Invisible Rulers and Barbara McQuade’s Attack From Within.

    For most of our lives, the basic industrial unit of journalism has been the newspaper, with more editorial content, larger newsrooms, and fatter profits than the rest of the verification business (magazines, books, broadcasts, newsletters, websites) combined. In 1990, at the apex of the form, American newspapers employed nearly a half-million people, had a combined circulation north of 60 million, and enjoyed profit margins consistently above 20 percent. Even as those numbers began their initial descent after the end of the Cold War, newspaper advertising revenue continued its half-century climb until the dawn of the millennium to just under $50 billion per year.

    All of that has since collapsed by around 75 percent. Combined newspaper circulation is down to 20 million, ad revenue is just over $10 billion, and employment is now well south of 100,000. Weekly newspapers are going extinct by a rate of two per week—and certain subspecies, like the alternative weekly, have all but disappeared. Dailies have declined from 1,600 to 1,200 since 1990, and those that remain are often emaciated facsimiles of their former selves.

    The Los Angeles Times in 1990 was as thick as a phone book, with the largest print circulation in the country (1.2 million), an editorial staff of around 1,300, and bigger profits than any other daily in the world. By 2024 the paper was down to a few dozen frequently ad-free pages, with a print circulation of 118,000, a newsroom of 385, and a balance sheet bleeding $30 million to $40 million a year. An institution that once played kingmaker in the West—transplanting rivers, erecting downtowns, making the political careers of such figures as (believe it or not) Richard Nixon—is largely an afterthought in its own city.

    In 2017, right around the time when digital began eclipsing print across all measures, in trendlines that resembled the letter “X,” Politico Magazine ran a fascinating study of the journalism work force. Comparing the Bureau of Labor Statistics’ media employment numbers with Census data and voting patterns, authors Jack Shafer and Tucker Doherty unearthed results that to them “read like a revelation.” Namely: “The national media really does work in a bubble, something that wasn’t true as recently as 2008. And the bubble is growing more extreme. Concentrated heavily along the coasts, the bubble is both geographic and political. If you’re a working journalist, odds aren’t just that you work in a pro-[Hillary] Clinton county—odds are that you reside in one of the nation’s most pro-Clinton counties.”

    This reorientation has accelerated the industry’s preexisting political trajectory. The American Journalist survey, conducted decennially, has tracked, among other things, the partisan self-identification of reporters since 1971. In 2002, the ratio of Democrats to Republicans among those surveyed was 2:1 (36 percent to 18 percent, with the rest being independent or “other”); in 2013 it was 4:1 (28 percent to 7 percent), then by 2022 a whopping 11:1 (36.4 percent to 3.4 percent). Media are hurtling toward where academia has long been—a knowledge-creating sector of purportedly nonpartisan civil society where conservatives are nonetheless an endangered species.

    The new generation of journalists entering the work force during the age of Trump has been at the vanguard of some of the profession’s most head-snapping changes: an increase in unionization after decades of decline; the creation of departments dedicated to diversity, equity, and inclusion; out-loud opposition both to “platforming” people with unacceptable views and to “bothsidesism,” which can mean the consideration of multiple perspectives on a contested issue that journalists consider settled or just critical coverage of a given Democrat when everyone knows the applicable Republican is worse. Most ominously of all, we now see unabashed journalistic support for the government to do something about alleged purveyors of “misinformation,” First Amendment be damned.

    As in so many other things, Trump changed all that. Biden’s fabulisms, which never did go away (during the 2020 campaign he repeatedly lied about being arrested while trying to see Nelson Mandela, to cite one of many examples), were largely treated by a weakened if increasingly side-taking press as insignificant at best compared to the daily onslaughts from the incumbent. There is more than enough myth making, academic exaggeration, and outright fabrication in Trump’s co-written business book smash The Art of the Deal to give Biden and Harris a run for their money, yet whatever dishonesty is associated with that project ranks roughly 3,000th on any list of Trump transgressions, from “grab ’em by the pussy” to “stop the steal” to his 34-count felony conviction for fraud (regardless of that case’s dubious propriety). The whole value proposition of Trump is to outrage the sensibilities of the Acela corridor elite; weaponizing one of their parochial professional obsessions against his chief 2024 opponent over a 14-year-old book no one’s heard of was just never going to go very far.

    As independent journalist Matt Taibbi acidly observed, the news for the news industry was even worse. At 68 percent, the media’s combined distrust number is one point higher than even Congress; and in the trust level of “none at all”, it’s a rout—39 percent for the reporters, 24 percent for the pols. “It’s impossible to overstate this embarrassment,” Taibbi wrote. “Asked about trust in a politician, ‘None at all’ is what people say when they expect nothing to get done. With media, it’s what you say if you don’t even trust a reporter to tell the time. It’s an extraordinary indictment.”

    The White House, largely cheered on by the new breed of anti-“platforming” journalist, went on a censorial bender in 2021, with Biden accusing Facebook of “killing people,” Surgeon General Vivek Murthy announcing a “whole-of-society” effort to combat the “urgent threat to public health” posed by “health misinformation,” and then–press secretary Jen Psaki singling out a “disinformation dozen” ripe to be booted off platforms. As late as 2022, Psaki was urging Spotify to do “more” and “be vigilant” about removing the COVID-related content of the world’s most popular podcaster, Joe Rogan.

    https://www.msn.com/en-us/news/opinion/the-2024-campaign-was-an-embarrassment-for-elite-media/ar-AA1wHzSB

  12. Democrats lied repeatedly in 2024. Don’t let them gaslight us again in 2025. | Opinion

    It’s that time of the year, so I’ll jump on the bandwagon for end-of-year-lists.

    Person of the year? Donald Trump. Surprise of the year? The presidential election. Idea of the year? Conservatism.

    Worst party of the year? The Democratic Party. And it’s not particularly close.

    I can’t welcome 2025 without remembering just how much Democratic leaders repeatedly lied, without remorse, to the American people in 2024.

    Democrats chose to manipulate Americans with a specific type of deceit: Make voters doubt reality. From inflation to President Joe Biden’s health and Vice President Kamala Harris’ competence as a presidential candidate, Democrats tried to lie their way to the White House.

    They failed, but that doesn’t mean we’ve forgotten.

    Since 2021, the combined inflation rate is 19.6%. If your income hasn’t increased by an average of 4.9% a year since Biden entered the White House, then you − like tens of millions of other Americans − have lost financial ground.

    That may seem obvious, but Democrats refused to admit this reality, let alone take any responsibility for it. Harris, during her presidential campaign, insinuated that price gouging was the primary driver of the rising cost of food. And her “solution” was even worse: the Democratic nominee proposed mandating federal prices controls.

    But what she and other Democrats refused to admit was that the high rate of inflation during Biden’s presidency had wreaked havoc on Americans’ finances − and Harris’ economic proposals would have done nothing to help.

    Progressives’ gaslighting didn’t stop with the economy. For years, leftists in academic, business and even in government agencies ordered Americans to embrace DEI (diversity, equity and inclusion) initiatives. Those who raised questions about the fairness and effectiveness of DEI programs were shunned as bigots.

    In 2024, the DEI scam was finally exposed, and major employers like Ford and Walmart stepped back from programs that promoted one set of beliefs over others.

    Even university leaders began to question the fairness and effectiveness of DEI mandates on campus. Schools in Florida, Michigan, North Carolina and Texas were among the universities that have cut, sometimes drastically, DEI initiatives.

    DEI policies often appear to be more about public relations than driving changes that truly deliver equity. And those policies often hurt employees who don’t conform to the mold imposed on them from above.

    Progressives’ efforts to push gender reassignment surgery and hormone treatments for children also were exposed as dangerously unscientific this year. Yet, the Biden administration was at the same time pushing to remove age limits for transgender surgeries.

    It’s clear that some children struggle with gender dysphoria. But the controversy is over how to help these kids.

    While Democrats and their progressive allies in the U.S. champion puberty blockers and surgeries for children, experts in other countries increasingly have raised concerns about such treatments, and Denmark, France, the United Kingdom and other countries in Europe have banned the use of puberty blockers for transgender care.

    We may well look back in 20 years and understand that it was asinine for a major political party in the U.S. to promote the routine use of powerful medications to stop children’s natural development.

    Yet, leftists smear conservatives and others like author J.K. Rowling as bigots and transphobic for encouraging caution.

    The biggest lie that Democratic leaders told America this year wasn’t about an issue − it was about themselves. They offered two presidential candidates who they claimed were fantastic until the truth became obvious.

    For years, Democrats insisted that Biden was healthy and strong. When the truth about Biden’s decline became undeniable, they then pushed Harris on voters at the last minute.

    Americans repeatedly told pollsters that they were concerned about Biden’s mental and physical health. But it wasn’t until roughly four months before Election Day that some Democratic leaders began to admit the truth, eventually forcing Biden to step aside.

    His replacement wasn’t any better. Harris was such a bad candidate that she burned through $1.5 billion in campaign contributions in less than four months and still lost 31 states and the popular vote to a convicted felon.

    I’m a bit sad to see 2024 go. I loved watching more voters across America support conservative candidates this year. If current trends continue, our nation’s future will look a lot like Texas, and as a Texan, I love to see it.

    We also saw the Democratic Party lose badly after trying to deceive Americans on a variety of issues and even on the strength of Joe Biden and Kamala Harris themselves.

    I won’t let Democrats forget how they tried to gaslight us, and neither should you.

    https://www.msn.com/en-us/news/opinion/democrats-lied-repeatedly-in-2024-dont-let-them-gaslight-us-again-in-2025-opinion/ar-AA1wKyp2

  13. How Africa Became a Key Link for Mexican Cartels in Fentanyl Production

    The Mexican organized crime group accused of fueling the United States’ fentanyl crisis is now making the deadly drug in Africa, according to local and international law enforcement agencies.

    The Sinaloa cartel has chosen South Africa as a major operational base, they said, largely because of its strong trade links to China, which produces the chemicals used to make the synthetic opioid.

    “At this stage, there isn’t a big market for fentanyl in Africa, so much of this drug that’s being made in underground labs on the continent is being smuggled into the United States, the biggest fentanyl market in the world,” said Lt. Gen. Godfrey Lebeya, chief of The Hawks, South Africa’s top police investigative unit.

    In its legal prescription form, fentanyl is a highly effective painkiller.

    Criminals, however, copy its chemical makeup in labs and illegally sell it as a powder, dropped onto blotter paper, put in eyedroppers and nasal sprays, or made into pills that look like legitimate prescription opioids, according to a report by the U.S. National Institute on Drug Abuse.

    Lebeya told The Epoch Times that South African “drug traffickers and gangs linked to the Sinaloa cartel” are testing local narcotics markets.

    “Fentanyl has definitely entered our trafficking conveyor belts,” he said. “We know that because we’re arresting suspects who are in possession of it and they tell us, ‘We want to see if South Africans get a taste for fentanyl.’

    “This is very concerning because we’ve seen the scale of America’s crisis and we don’t want our country to go the same way.

    “But we must be realistic and admit that it’s possible that we end up with a tragedy of our own because fentanyl is much cheaper than the other drugs circulating in South Africa, like cocaine and heroin, and the Mexicans who are driving fentanyl use in America are now on our soil.”

    In July, The Hawks raided what they later described as a “drugs superlab” in South Africa’s northern Limpopo province, seizing large quantities of methamphetamine, a small quantity of fentanyl, and about 500 pounds of chemicals used to manufacture both drugs.

    South African farmer Roelof Botha, 57, and three Mexican citizens—Gonzales Jorge Partida, 51, Gutierrez Lopes, 43, and Ruben Vidal Rodriguez, 44—are awaiting trial for alleged manufacturing, dealing, and possession of illicit drugs, as well as money laundering.

    “We’re still questioning the Mexican guys,” Lebeya said. “They’re not saying much. But international partners have given us information that these men are working for the Sinaloa cartel.”

    Lufuno Sadiki, senior lecturer in criminology at the University of Cape Town, told The Epoch Times that it’s “easy for Mexicans to blend in with locals” because they look very similar to mixed-race South Africans.

    “It appears as if the Mexicans, mostly from the Sinaloa cartel, are linking up with the local gangs and showing them the ropes, so to speak, [with regard to] fentanyl,” she said. “In exchange, the South Africans introduce the cartel guys to trusted contacts in the criminal underground and to corrupt officials.”

    In September 2022, U.S. Customs and Border Protection officers in Louisville, Kentucky, intercepted a package sent from South Africa containing enough cocaine and fentanyl to kill 220,000 people.

    “That fentanyl must have been made in South Africa or somewhere else in Africa,” Steyn said. “If that wasn’t the case, it’s still clear that South Africa is being used as a conduit to get fentanyl and other narcotics into the American market and other markets.”

    In January 2024, police found crystal meth and fentanyl worth 37 million rands (about $1.98 million) hidden in ornaments in a cargo shed at O.R. Tambo International Airport in Johannesburg.

    The shipment was headed to New Zealand.

    Minnaar said it’s “great” that South Africa is “cracking down” on fentanyl production, but that “it also has to come to the party with regard to stopping the flow of precursor chemicals” from China into the country.

    “We won’t stop crystal meth and fentanyl production by arresting a few Mexicans,” he said. “We can only achieve this with legislation that severely limits chemical imports from China.”

    This, however, is “tricky,” Steyn said, as China is South Africa’s largest bilateral trade partner.

    “If we want to stop crime, we have to get politics out of the way and ignore the government’s tight relations with Beijing,” he said. “We have to risk offending Beijing otherwise we’re going nowhere fast in this fight.”

    In October 2024, the United States charged eight chemical companies and eight employees based in China with attempting to distribute synthetic opioids and precursor chemicals used to make the drugs.
    “The global fentanyl supply chain, which ends with the deaths of Americans, often starts with chemical companies based in China,” Attorney General Merrick Garland said in a statement at the time.

    According to the statement, some of the Chinese companies involved “demonstrated past success delivering a stable supply of product to clients in Mexico and the United States for years.”

    “One of the companies even represented that every month it sends ‘more than 20 kilograms [of synthetic opioids or precursor chemicals] to the United States, Africa, Canada, and other countries,’” it stated.
    In 2023, the U.S. government’s International Narcotics Control Strategy Report named South Africa as one of several countries “identified to be major sources of precursor or essential chemicals used in the production of illicit narcotics.”

    https://www.theepochtimes.com/article/how-africa-became-a-key-link-for-mexican-cartels-in-fentanyl-production-5780905

    1. This, however, is “tricky,” Steyn said, as China is South Africa’s largest bilateral trade partner.

      And I’m sure that a lot of important ANC people are getting stuffed envelopes.

  14. Our community in El Paso County CO is growing an opposition army to go against this development and annexation request that wants the city to grant a “flagpole” annexation of 1,895 acres to develop a multi-mix of 8,000 homes and commercial buildings right next to Schriever SFB. The city council actually turned down a similar annexation request for a 3,000 acre development effort in August 2024. One of the main issues that may support the developer with this request is that they can develop “affordable” housing. So what argument(s) can we use to counter this?

    1. I’ve wondered if they were actually surprised by that spontaneous laugh or not.

      They damn sure shouldn’t have been.

  15. Bonds
    10-year U.S. Treasury yield climbs on last trading day of 2024, ends year above 4.5%
    Published Tue, Dec 31 2024 2:49 AM EST
    Updated 5 Hours Ago
    Jesse Pound
    Sophie Kiderlin

    The 10-year U.S. Treasury yield rose Tuesday, capping a year that saw the benchmark yield push higher even as the Federal Reserve cut short-term rates.

    The 10-year Treasury yield finished the day up by about 3 basis points at 4.57%, reversing declines from Tuesday morning. The 2-year Treasury yield was last down by 1 basis point at 4.24%.

    Yields and prices move in opposite directions and one basis point is equivalent to 0.01%.

    https://www.cnbc.com/2024/12/31/us-treasurys-last-trading-day-of-2024.html

    1. Mortgage Rates Slightly Higher as Markets Close Early
      By: Matthew Graham
      Tue, Dec 31 2024, 1:39 PM

      Major holidays typically involve a full day market closure along with an “early close” on an adjacent day. This matters to rates because mortgage lenders decide what they can offer based on trading levels in the bond market. Mortgage lenders also need a certain amount of activity in the market if they hope to set competitive rates.

      As you might imagine, those “early close” days don’t tend to have as much activity, so lenders aren’t making as many adjustments as normal. In today’s case, that ended up being helpful as it limited the amount of negative adjustments.

      Specifically, the average lender began the day in roughly the same territory as yesterday, but the bond market took a turn for the worse a few hours later. Based on the pace of the weakness in the bond market, the average lender would normally issue a negative reprice (increasing their rates for the day). As it happened, only a small handful of lenders repriced.

      On one hand, this could mean that Thursday’s rates start out higher. On the other hand, there’s no way to know where the bond market will open up on Thursday. Either way, the final or first trading day of any given year can see some excess volatility/momentum for reasons that have nothing to do with the normal motivations (economic data, news, policy changes).

      https://www.mortgagenewsdaily.com/markets/mortgage-rates-12312024

  16. ‘We just simply can’t afford to pay that additional $1,400 a month on an already tight budget and tight economy’

    So just like that, yer giving it away owner?

  17. ‘The Western alliance in which Canada is imbedded appears to be in decline. Russia has brazenly invaded Ukraine, China rattles its formidable sabres and the United States, this country’s closest ally, is acting more like an antagonist, as president-elect Donald Trump threatens Canada with crippling tariffs and derisively refers to us as a 51st state’

    And he wants a hockey player to be yer guvnah.

  18. ‘Those [sellers] that went to the market in February, March, looked like heroes, and those that went to the market late in the year have got doughnuts,’ he said. ‘It’s not to do with interest rates at the top end – there’s global uncertainty, general instability. I’ve never seen the gap so wide between what a vendor will accept and what a buyer will pay, and I think that gap is getting wider’

    It’s still a seller market Dave.

  19. What should stock market investors fear more in 2025: Stronger-for-longer economic growth resulting in fewer Fed rate cuts than hoped? Or a sudden slowdown that nobody could have seen coming?

    1. Here’s the 2025 surprise that could cause a 10% to 15% stock correction
      Last Updated: Dec. 31, 2024 at 9:30 a.m. ET
      First Published: Dec. 31, 2024 at 6:37 a.m. ET
      By Barbara Kollmeyer
      Strategist Jim Paulsen sees lots of economic hurdles ahead

      The end of 2024 is nigh, and can’t come soon enough for investors seeing anything but a Santa Rally lately.

      Some may blame the Federal Reserve’s rollback of expectations for interest rate cuts, as it worries strong U.S. growth may reignite inflation. Our call of the day from Jim Paulsen, chief investment strategist of The Leuthold Group, sees things differently.

      “Although policy officials and investors appear increasingly anxious about the potential for overheated economic growth, I think the more likely outcome for 2025 is an unexpected economic slowdown,” Paulsen says in his Paulsen Perspective blog, where he cautions such a surprise could ultimately lead to a pullback in the stock market of at least 10%.

      https://www.marketwatch.com/story/heres-the-2025-surprise-that-could-cause-a-10-to-15-stock-correction-a2a9f8ce

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