mother.
"It seems to me that to organize on the basis of feeding people or righting social injustice and all that is very valuable. But to rally people around the idea of modernism, modernity, or something is simply silly. I mean, I don't know what kind of a cause that is, to be up to date. I think it ultimately leads to fashion and snobbery and I'm against it." Jack Levine: January 3, 1915 – November 8, 2010 LEVEL BILLIONAIRES OUT OF EXISTENCE
Saturday, June 20, 2026
Saturday Night Radio Drama - Gordon Pengilly - Bailey's Way - The Wanderer
mother.
"Elon Musk has never ever run a company that turned a profit on its own merits"
or
Why You Should Be Getting Ready For A 1928 Size Or Bigger Crash And A Real Fascist Takeover
I have taken the liberty or opportunity to do one of my quick and dirty editings of part of the machine generated transcript of this Youtube of Max from UNFTR and one of his not simple but comprehensible explanations of the financial swindles of the tech-bros and other members of the Epstein class. First, here's the video:
And here's the section I edited with some comments.
So, their own perspectus says, and I'm going to read this directly here, quote,
And such markets may not develop as we expect or at all. I mean, such markets don't exist, and they might never. But here's where it gets criminal, at least in spirit, if not law.
This IPO would never have gotten off the ground under normal regulatory conditions, because the SEC under the leadership of the administration that Elon helped install just looked the other way while two sets of rules were quietly rewritten. The first one, the NASDAQ changed its bylaws. So, conveniently timed for the SpaceX June listing, in May, NASDAQ enacted what it calls a fast entry rule.
So, under the old rules, a company had to season for at least three months before joining the NASDAQ 100. Most cases, it was up to a year, and it needed a minimum 10% public float, meaning 10% of the shares had to be available to the public. Under the new rules, top 40 companies by market cap can just enter the index in 15 trading days and that float minimum totally eliminated. So SpaceX floated about 5% of its total shares which was an artificially very thin slice designed to create scarcity to drive up the price.
Now under the old rules, it could never have entered any major index. So NASDAQ literally rewrote the rules so SpaceX could get in. And this is hugely important. See, Musk made early NASDAQ 100 inclusion a condition of his listing there. So, they had to do it and they complied. They didn't have to do it. They just complied. Okay.
So most early investors like sovereign wealth funds from the Middle East, members of the so-called PayPal mafia can begin selling 20% of their stakes at the first quarterly earnings call, which is right around the corner. Now, Elon's lockup is longer, but early investor exit liquidity was essentially baked in from day one. They changed the rules and the SEC allowed it because this is Trump's SEC.
Now, let's talk about what we've actually done here. Because beyond the IPO mechanics, beyond the accounting tricks and the rule changes and this bizarre mission statement about extending the light of consciousness to the stars, we've handed one guy an unlimited war chest. And look what he did the last time. He had a pretty sizable one. He contributed $200 million more to the 2024 election. And analysts have subsequently determined that it was about roughly 115,000 votes in key swing states that determined that outcome. So did his money make a difference? You tell me. But here's the scale. 200 million today represents 2000s of 1% of his net worth. What are we doing? With the capital raised in this IPO, Musk can acquire dozens scores, maybe hundreds of other companies. He can buy his way into AI dominance even if he never builds a data center in orbit. He can own and reshape entire industries.
Friday, June 19, 2026
"This Administration Isn't Qualified to Honor Black History -- Or Black Excellence" - Reese Waters Excellent Juneteenth Post
Of all of the many podcasts and such that I increasingly find is better than any corporate news or what you'll get from NPR, Reese Waters' is one I rely on daily.
I'm tempted to say let's ignore July 4 for the duration of the exile of democracy from the US but this makes me want to TAKE IT BACK FROM THE FASCISTS, THE WHITE SUPREMACISTS, FROM THE POMADE PETE KEGBREATH RACIST DRUNKS.
I Wouldn't Give You Two Cents To Go Back Into My Mind At 28 - Hate Mail
I WOULDN'T MIND HAVING the body I had at 28, the age that poor Stephen Crane died of tuberculosis but not if it meant I didn't have the life experience and reflection that the later decades gave me. True, by that age I hadn't lived as much as he had, though I'd seen a considerable part of an even more depraved demimonde than furnished him with a large part of his education and grew up in a far less innocent age than he had. I was still a young jack ass in many ways as most people are until they're older, I hadn't yet developed a deep skepticism for the intellectual milieu in which I grew up and was educated into - not in the classroom, in the media and entertainment and general trends. Seeing through that was one of the great things I got out of living longer though it could have gone bad very easily. If I had not made my way from the youthful conceit of agnosticism back to Christianity I might have lapsed into cynical materialism like so many of those who went from the left to the right. It was the morality that I got from Christianity that kept me from doing that. If Crane would have developed the same way out of the ultimately sterile and futile late 19th century notions of naturalism to what would now be called the left instead of vulgar materialism, no one can know. Mark Twain just sort of soured into an intense cynicism though he still had some notions of morality to it. His attempts at capitalism were not successful.
I am taunted with a link to a "Humanist" website that goes into the young man's, Crane's alleged irreligion, which I have to say I was vaguely aware of when I listed him yesterday but which I didn't take seriously. I haven't looked into it in regard to him but generally when I have looked at such claims by atheists (which "Humanist" means after the word was usurped by ideological atheists) about such historical figures they lay claim to, I've found those are anything from exaggerated to outright lies. One such earlier figure about whom such claims were made to me was Mozart whose letters, known associations (his Masonry, for example), and his music disprove those claims. Others in the repeated claims of such atheist polemicists, especially such crap coming from the "Humanists" and such outfits as "Freedom From Religion" should not be taken without fact checking but which never are, at least not by any atheists citing them who I've run across. And some of them are academics who should certainly know better but clearly don't have that level of integrity.
I mentioned Stephen Crane because his work of imagination, The Red Badge of Courage, has been sometimes compared to Huckleberry Finn. It reproduces the feelings of a young man, not much more but significantly more mature than Huck. It's not novel about a fully mature adult with an adult's level of experience and knowledge, Both books contain extremely important lessons for readers, certainly Twain's using Huck Finn to show readers what Uncle Tom's Cabin already had, that Black People are People, that enslaving them is wrong, something that John Woolman's Journal had done even earlier, though as it wasn't a story book, to less wide readership. Those parts of Huckleberry Finn are the parts when he and Jim are on the river, the parts in which the idiotic Tom Sawyer doesn't appear. The parts I said I might be able to re-read with pleasure.
One of the things I recall reading was that Stephen Crane said what I did, that of Twain's books, he liked Life on the Mississippi best, though that's my recollection of reading something about that. If I hadn't been struck at Crane having the same opinion as me, I probably wouldn't remember it.
You tend to focus on that which agrees with you and you develop that in your imagination instead of having a wider view of the entire picture. Which is one of the problems with taking the thinking of a young man as being what he would think if he had had the chance to become an old man with all of the life experience. But he imagined being an old man in one of his later stories, "The Veteran" which some think was him imagining his novel's hero surviving the war and achieving a heroic death far later. It starts with the old Veteran admitting to having been scared in battle, where his novel started out. No doubt he got that from him talking with Civil War veterans, and the young Crane doesn't appear to have shut off the possibility that he'd have gone in a different direction if he'd lived, too.
Old Fleming staggered. It was true; they had forgotten the two colts in the box stalls at the back of the barn. “Boys,” he said, “I must try to get ’em out.” They clamored about him then, afraid for him, afraid of what they should see. Then they talked wildly each to each. “Why, it’s sure death!” “He would never get out!” “Why, it’s suicide for a man to go in there!” Old Fleming stared absent-mindedly at the open doors. “The poor little things!” he said. He rushed into the barn.
When the roof fell in, a great funnel of smoke swarmed toward the sky, as if the old man’s mighty spirit, released from its body—a little bottle—had swelled like the genie of fable. The smoke was tinted rose-hue from the flames, and perhaps the unutterable midnights of the universe will have no power to daunt the colour of this soul.
I could speculate on what he meant by that, whether it was a sop to conventional piety in his readers or whether it showed he really believed in something like that but the young man didn't live long enough to tell us if there was anything to it.
Without that, something we can never have, there is no way to know.
He had a fine imagination for experiences he had never had directly and a talent for making his thoughts about that convincing. It's an extreme irony that so much of what is called "naturalism" and the like is a product of such imagination though it is never admitted that's what it is. Same with science, same with everything. The basic conceit of modernism, naturalism, etc. that we can have an unmitigated knowledge of things is plainly wrong.
Thursday, June 18, 2026
Owen Jones Does A Then and Now View Of Some Of The Worst Supporters Of Trump's Stupid War With Iran
He ends up with the question of how many times do these same war mongers get to make wars that get millions of People killed, that harm and maim even more than they kill with out them at the very least being treated as the COMPLETELY DISCREDITED CRIMINALS, LIARS AND IDIOTS THEY HAVE PROVEN THEMSELVES TO BE. I can guarantee you that John Bolton and John Podhoretz and many of the younger war mongering assholes revealed as criminals, liars and idiots in this video will continue to be go-to heads for the totally discredited American media whenever they get the urge to get the next Bush or Trump level idiot, liar and criminal to use he American military the way Trump has.
The "free press" in the US as protection against this kind of governmental evil is such a total load of bullshit.
As I've mentioned before, one of the consequences of this as the wars of Bush II, Bush I, the illegal wars of Reagan, Vietnam. . . should be that the war making powers the Congress unconstitutionally gave to the president are definitively removed back to there being only Congressionally approved wars as the friggin' Constitution claims are the only legitimate ones.
I Don't Care About The Movies - Hate Mail
IN MY BRAWLS HERE over the years, I noted that that distinguished American author whose magnum opus, Huckleberry Finn, my generation was supposed to regard as THE GREAT 'MERICAN NOVEL, Mark Twain, was an extremely uneven writer producing, for the most part, crap. All of his most notable novels are written from the point of view of a boy or, in one case, the book he wanted people to regard as his best, a young girl AND EVEN THAT IS TOLD AS RECOLLECTED BY A LITTLE BOY sixty years later. That book, Recollections of Joan of Arc, is not well regarded today, probably because of its positive treatment of religion, but I think Twain wanted it to be his stab at writing an important adult book. He claimed to have researched it for years,
I like Joan of Arc best of all my books; and it is the best; I know it perfectly well. And besides, it furnished me seven times the pleasure afforded me by any of the others; twelve years of preparation, and two years of writing. The others needed no preparation and got none.
I deeply sympathize with Mark Twain, no doubt he was sick to death of Tom Sawyer and Huck Finn and the other (now entirely dated) humor that made him famous. Of all his books, and I went through the project of reading all of him available to me years ago, the one I still like and could imagine re-reading for pleasure, Life on the Mississippi, was his attempt at good natured but not notably humorous realism. I could imagine re-reading parts of Huckleberry Finn, the parts without the putrid Tom Sawyer in it, with some pleasure though I don't think I would. Why read that when you can read Emily Dickinson or Walt Whitman or Stephen Crane?
As to today's and yesterdays Twain schollars not liking it, anyone who would have gone into a life study of Twain would have done so on the basis of his more typical production so it's not a big surprise they wouldn't like his project to escape those confines. You usually judge an author on the basis of their typical and most lauded work, not on the outlier.
So I don't think Stephen Spielberg's several attempts at adult movies makes up for the bulk of what he did in, along with so many others in Hollywood once the 1970s BLOCKBUSTER movie that you could get teenage boys to pay to see 37 times in the first run had become a thing, to end Hollywood's brief post-WWII attempt to make adult movies. I've seen some of that and found it rather bland and sentimental. I would much, much rather have seen what Stanley Kubrick was planning by way of a movie about the Holocaust than what Spielberg did. I've read that Kubrick abandoned his project when Spielberg's Schindler's List was announced. I do not regard it as in any way up to the topic, but, then, no movie could be what that movie is made out to be. Kubrick's would probably not have been a big audience pleaser in the same way.
I recently noted the great effect on American drama that the Yiddish Theater and the Federal Theater Project had had once those who were involved with those got to write plays, produce plays, act in them and also to make movies dominated the field. Sidney Lumet's work is an example of that trend which started stalling out in the mid 70s. Just "The Hill" not one of his big movies proves that. I don't have favorite directors but he might be the one I chose if I was forced to choose one.
There were still adult movies being made and, I suppose, there still are but for the most part I don't want to sit through the months worth of dross to find the two hours of gems. When I told my brother-in-law I didn't watch TV anymore he talked about this or that show that I was missing out on. I told him if someone poured a bucket of quarters into a cesspool, I wouldn't dive in to retrieve them. I'd rather go looking at something that doesn't take as much time and where I can, generally, have more success at finding something worthwhile. Besides, these days I'd have to subscribe to some scheme to see new movies and it's not worth it. I'd rather look at the remnants of the Federal Theater Project and its offshoots that are available for free online, and I don't mean War of the Worlds. Though Welles was a product of that depression era project.
Iran's Deal That Trumps The US - A Few Thoughts
DECADES OF THE SOVIET UNION'S attempts including arms races, making deals with smaller countries, its entire foreign and much of its military policy has not done what Bush II in Iraq and Trump in Iran have managed to do in a quarter of a century, TOTALLY DESTROY AMERICA'S HEGEMONY ACHIEVED BY COMING OUT OF WWII INTACT AND WITH THE POLICIES THAT FDR AND TRUMAN PUT IN PLACE.
Trump's surrender note to the Iranian regime was, as many have said all along would happen, is a total capitulation to the Iranian regime. It is such a disaster for the United States, for United States power, for our economy, for the People of the United States that I doubt the Republicans in the Senate will allow it to come for a vote, if it does, they will have put the final nail in the coffin of MAGA because there is no way they can vote for it and, perhaps other than the brain dead Fetterman, NO DEMOCRAT WHO WANTS TO CONTINUE IN POLITICS WILL VOTE FOR IT. They would have to pass it with Republican votes and any Republican who votes for it should consider retirement too. About the only Americans who would welcome the thing are those who, like me, wasn't a big fan of American hegemony as it turned out to be but I don't favor it because it is so unfavorable to the welfare of The People of he United States and it would leave a very smart, very skilled, very mature and measured dictatorship in Iran as a major regional if not world power.
As in Bush II's Iraq disaster, Trump's Iran disaster is also a disaster in which Israel and the corrupt anti-Iranian dicatators of Saudi Arabia and some of the other Gulf states had a hand in convincing a stupid and corrupt American president into. I doubt that the American status quo in regard to Israel will ever return to what it was. Not after the combination of its self-posted genocide in Gaza and its somewhat less arrogantly self-posted Lebensraum violence in the West Bank and its role in convincing the stupidest and most corrupt president in American history to use the powers that the Congress stupidly gave American president to foment yet another disastrous foreign war.
While Norman Finkelstein is not incorrect in noting that Trump is, as Cheney and Bush II were before, quite capable of having other, largely financial motives in bringing these wars of such terrible consequence, the role that Israel and it's dangerously out sized influence in American politics through the Israel lobby here IS A HUGE PART OF THIS. In that Israel is not more at fault than other countries and, in fact, the United States are in their manipulation of other countries. We have made that extremely easy for them because Israel and its lobby here merely take advantage of our native corruption. We have chosen to maintain that exploitable corruption all on our own.
But that they have NOT been able to goad other presidents into direct American military involvement in the form of a war shows that Finkelstein's dismissal of their role in getting the two presidents with the least legitimacy (each was originally installed through an illegitimate electoral and, in Bush II,a corrupt, partisan judicial maneuver) to go into enormously disastrous wars is one of his few real errors of judgement. Israel and the Israel lobby are going to pay a price for this, unfortunately so will many entirely innocent American Jews who have been against the whole thing.
You can con even a conman by appealing to their weakness and Trump is a degenerate and stupid locus of the greatest accumulation of the most exploitable weaknesses that any American president has ever been. If Iran's rulers have been brilliant in their conduct of their response to the American-Israeli attack on it, I will give Israel's fascist government this, their corrupt leaders are far smarter than the corrupt leaders the American oligarchy put over us in the last half century. They just got too ambitious in their own corruption figuring that like Dr. Seuss's Sneetches, Americans don't learn anything from even the hardest of experience.
I think in his case Finelstein realizes that one of the real consequences of this is that it puts American Jews in danger in ways that they have never been in in American history till now. I worry about that too, and not just for the very large number of American Jews who have been opposed to all of this from the start and those who have finally seen what a disaster the last great European colonial project has been. First in terms of morality, second, and also in terms of morality, for Palestinians and others in the Middle East. Here in the United States the Israel industry and lobby has twisted and perverted our already twisted and not infrequently morally perverse foreign and military policy. They have been empowered in that by that line of the stupidest Supreme Court rulings in our history. Its billionaires have been attacking everything from whatever shreds of integrity our propaganda and lie filled alleged news media has to the blackmail of racist Zionist billionaires and their goons in the Trump regime and the Congress over our educational institutions. As in Britain, we are in another period like the red scare no behalf of Israel. In every way when a foreign country has had that kind of influence over the United States, it has ended up being to our detriment, though in the past only Britain has had that role, with some of the larger European economies, such as France's having some minor role in that regard. But getting into that will get me off of the topic of this post.
America has had two hugely disastrous wars in the Middle East within a quarter of a century, three if you're going for about a third of a century with the Bush I Gulf War. All of them brought by Republican administrations, all of them with the support of billionaire-millionaires who figured either to profit from them or to get support for their pet ideological projects, as if you can tease out any selfish motives for even those billionaire hobbies. Given the Bush I Gulf War which was the prelude to HW Bush's son's war, I'd say that's three Republican presidencies in a row that have done this and you can bet that there will be another one if Republicans get in again, they are utterly corrupt to start with and they are proven to be suckers for those trying to sell us on another war with terrible consequences. Eisenhower was the last Republican who had any sense when it comes to the cost of war. There won't be another from that party.
I used to say that the war in Iraq was sold in no small part to racists who really believed that the Iraqi People were going to roll over and do American bidding once Saddam Hussein was gone. It wasn't only the neocons who claimed that, Dick Cheney and Little Bush really believed that just as they believed that the utter catastrophe that Afghanistan has always been for empires far closer to it could be brought to heel by the great white hope that they certainly picture America to be. Racism has been the strongest and most durable of malign traits of the United States as a collective entity, it is our greatest evil and our most powerful one. It has ruled many states of the United States every single year of their existence, apart from the brief period of Reconstruction, it has ruled virtually every state in the country for at least part of its existence. It is a mainstay of our media, both the "news" and, especially in so-called entertainment, which is far more powerful than any purported venue that gives out alleged information. It is no accident that Trump has done what not even the two Bushes have done, go directly into a war with Iran which Saddam Hussein was stupid enough to start WITH THE HELP OF THE UNITED STATES AND AT THE ENCOURAGEMENT OF THE REAGAN ADMINISTRATION. The racism inherent in our elites as well as in the lowly here leads to a kind of amnesia when the lives destroyed by such wars are not considered white. Well, those so forgotten or not considered to start with don't agree, they have not forgotten and the consequences result in animosities that the average American and even those who get elected president by the worst of us are mystified at.
No deal would be better than the surrender Rubio, Vance, Kushner and the other real estate crook, Witkoff are presenting. Just coming home with our tails between our legs would be better. The worst consequences of this war are guaranteed to be the status quo for decades to come no matter what is signed. By then the, forgive me but there is no other way to put it strongly enough, retarded lard ass of a president the Republicans and the oligarchs gave us will be long rotted in his grave. If the Trump family are true to form it will be either in some grotesque tomb for which they'll get some grift or it will be dumped in a hole on some Trump property for tax purposes. Look where Ivana's brats allowed her corpse to be dumped without any regard for the grave-site. Nothing is sacred to these sub-humans except money. And look where that has brought us.
Just a few thoughts on the treaty to nowhere.
Tuesday, June 16, 2026
I Know Nothing About Spielberg's New Movie Other Than He Apparently Is Remilking The ET Teat That He'd Already Milked When He Made That Tearjerker
Remember I Pointed Out That Millionaire Spoiler Who Got Paul LePage Elected Governor
WITH LESS THAN A MAJORITY OF THE VOTERS SUPPORT, the ego that ate Maine, twice, Elliot Cutler, had had five chances that someone who wasn't a multi-millionaire elite lawyer pedo-porn addict wouldn't have gotten?
Well one of Paul LePage's judicial appointments just gave him a sixth chance to go right back to the crime he was convicted of.
Eliot Cutler released from jail again
The disgraced gubernatorial candidate and sex offender was arrested last week for failing to sign a probation treatment plan document — his 6th alleged probation violation.
According to court documents, the 79-year-old man from Brooklin refused to sign a contract required for participation in problematic sexual behavior treatment. . . .
A probation officer said that decision, as well as Cutler’s discharge from the counseling program, indicates that he “has no intent of following his ordered conditions.”
But during a court hearing in Hancock County on Tuesday morning, Superior Court Justice Patrick Larson agreed to remove the treatment program as a court-ordered requirement until his court proceedings are resolved.
I would like to know what Larson's record of treatment of non-millionaire, repeat parole violators has been up till now. I have a feeling this may be a unique case in Maine where someone has gotten six chances and the judge makes such requirements sound like it's something unusual as a condition for parole.
The legal profession, including the judges and, worst of all the "justices" is riddled with among the scummiest of sleeveens who know that their first order of business is to serve the rich and powerful, their training in how to lie about that in complex, elegant sounding language so as to fool the gullible. Lying and meting unequal law because they know which side their bread is buttered on.
I'd ask if the legal profession, including the judges and "justices" can get any lower than they are now, but, of course, they can.