Jumpin’ ju-ju bones, Governor Ron DeSantis detonated a thermonuclear political bomb on the Disney Corporation today.

A special legislative session has been called to approve the new congressional districting map.  However, in an unexpected announcement, the Florida governor said that, in addition to a new congressional map they’re voting on, lawmakers “will be considering termination of all special districts that were enacted in Florida prior to 1968, and that includes the Reedy Creek Improvement District.”

As NBC notes, “The Reedy Creek Improvement District in the Orlando area shields Disney from local government regulations and from local property taxes, which could be worth as much as $200 million per year, by one lawmaker’s estimate.  Legislators in both chambers predicted the legislation — which could end the 55-year-old taxing district next summer — would pass by Friday.”  WATCH:

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DeSantis knows he has a sky-high approval rating in the state, and he is moving fast while the public still has the cultural antagonism and political weaponization by the Disney Corporation in the headlines.

The Disney Corporation previously announced they were going to fund political attacks against the Florida Legislature for creating laws that protect children from sex predators in schools.  Disney openly announced they support grooming efforts by teachers in K-3 education to sexualize children and discuss gender identity issues for children under 9-years-old without parental consent.

Ron DeSantis and the Florida Republican Legislature are about to deliver big revenge against Disney for that decision.  In the political, cultural and all things corporate business world inside Florida, the removal of Disney’s special district status is huge.

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Obviously, the office of White House Chief of Staff Ron Klain is urgently contacting pollsters to measure how the base of the party would feel if the administration did not challenge the federal court ruling that overturned the federal mask mandate for transportation.

The far-left is on its heels after a Tampa judge overturned the CDC’s legal framework for the mask mandate rule, and the TSA changed their guidance.  Most of the Biden support base, the Covidians, define themselves through the virtue signaling of wearing a mask. However, all of the airlines quickly abandoned rules for masks during travel, and the overwhelming majority of Americans cheered.

Now, the Biden DOJ finds themselves in a hot political place.  Biden is stuck between the mentally and emotionally unstable Covidians (10%) and the normal Americans (90%).  If the DOJ doesn’t challenge the ruling, the Covidians will be even more mad. [Psaki Transcript Here]

(WASHINGTON DC) – […]  White House press secretary Jen Psaki, speaking to reporters aboard Air Force One en route to New Hampshire, said the Justice Department was still reviewing the ruling and noted that these reviews typically take a few days. She pointed out that the CDC had said previously it needed 15 days to evaluate public health data related to the mask mandate.

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Lots of people talk about an inflation driven recession.  Essentially, that’s a total economic contraction in the value of goods and services produced, sold and purchased, due to rising prices.   However, as CTH has been pointing out for more than six months, if you subtract the federal COVID infusion money from the overall economy, we have been in a contracting demand economy for almost nine months.

A negative GDP outcome is quite possible, perhaps likely, when the first quarter GDP figures are released on the last Friday of this month.  The most recent sales and economic data shows that U.S. consumers are prioritizing spending and high priced durable good sales are negative.

Now, Fannie Mae is delivering a rather stunning shift in their economic forecast.  In addition to projecting a recession for 2023, these revised home purchase figures are remarkable:

...”We have downgraded our total home sales forecast for 2022 to a decline of 7.4 percent (previously a 4.1 percent decline) followed by a decrease of 9.7 percent in 2023 (previously a 2.7 percent decline).” (link)

That is a very significant change in home sales forecast to the negative position.

We already have serious energy inflation to contend with and low wage growth.  We already know a third inflation wave on highly consumable goods is coming this summer, likely around 30% or more in food prices at the grocery store.

The professional forecasts are always tilted toward the positive for this administration, so this new statement by Fannie Mae should be considered accordingly.  Remember, Boy Scouts motto.

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The latest developments in the effort to purchase the unsustainable magic coffee shop are quite revealing.

According to the New York Post, “Musk himself is willing to invest between $10 billion and $15 billion of his own cash to take Twitter private, two sources close to the situation said. That’s up from the current 9.1% stake in the company he revealed on April 4, which is worth about $3.4 billion.”

However, more revealing about the overall issue are the comments from the PR firm of the U.S. Intelligence Community, The Washington Post:

(WaPo) […] “Putting so much power in the hands of one company is bad enough, but putting it in the hands of one person, as is largely the case with Facebook shareholder Mark Zuckerberg and would be the case if Twitter were owned by Musk, would be incompatible with democracy.” 

“There are simply no checks and balances from any internal or external force,” … “It would leave Musk, like Zuckerberg, with an amount of assembled data about people and the ability to use it to manipulate them “that cannot be compared to anything that has ever existed, and allows intervention into the integrity of individual behavior and also the integrity of collective behavior.” (read more)

People are starting to catch on to the reality that costs for data processing on many social media platforms (the free coffee), exceeds the ability of the platform to generate revenue.  People are starting to understand that behind the scenes of the Big Tech consortium, there is something else, some other operational construct and mechanism, that subsidizes & facilitates their existence.

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Put this in the tracking file for ratios and such.  Axios is reporting that CNN+ is likely to collapse as Warner Bros has suspended all external marketing and product development and fired the Chief Financial Officer.  The network has spent $300 million, and only generated 150,000 subscribers.  A major fail by any measure.

(Via Axios) Warner Bros. Discovery has suspended all external marketing spend for CNN+ and has laid off CNN’s longtime chief financial officer as it weighs what to do with the subscription streaming service moving forward, five sources tell Axios.

• Why it matters: Inside CNN, executives think the launch has been successful. Discovery executives disagree.

• CNN+ has roughly 150,000 subscribers so far.

• Warner Bros. Discovery wants to eventually build one giant service around HBO Max.

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While no media have a good track record of outlining the conflict in Ukraine, retired Col. Douglas Macgregor has the most consistent perspective that reconciles what little factual information is visible with the reality on the ground.

In this recent interview, Macgregor notes the Russian operation is currently focused on securing the eastern Donbas region of Ukraine, where fighting has been taking place since 2014.  During an earlier interview on CNN, Ukrainian President Zelenskyy noted the largest and most experienced elements of the Ukrainian army are located in this region.  According to Zelenskyy, approximately 44,000 Ukrainian troops are there; oddly, Zelenskyy seemed to concede that he has no control over what’s happening there.

During this segment, Macgregor notes the current Russian objective is to encircle those eastern Ukraine forces, cut them off from western supply lines, and then slowly and methodically eliminate them – while separating them from Russian speaking citizens in the region.  Macgregor notes a particular concern once those Ukraine forces are eliminated.  WATCH: 

What Col. Macgregor states toward the end rings very true to the practical events being discussed.

The most dangerous time will be when the Russians are close to achieving their objective in Eastern Ukraine, and the western media will be faced with having to reconcile the difference between the propaganda they have been selling to western citizens and the actual truth on the ground.  That’s when the western alliance is likely to do something drastic.

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Earlier today, 22-year-old Jewayne Price was arrested in connection with yesterday’s mass shooting at a busy mall in Columbia, South Carolina. Jewayne Price is accused of shooting nine people leaving 14 people at the mall injured. The victims are ages 15 to 73.

Price was arrested after he was originally questioned as one of three gang related suspects identified as persons of interest in Saturday’s shooting at Columbiana Centre, a busy shopping mall in the state’s capital. A few hours after his arrest, Jewayne Price was released on 25,000 bail.

SOUTH CAROLINA – The suspect in a South Carolina mall shooting in which nine people were wounded has been released under house arrest and ordered to wear an ankle monitor after a judge set a $25,000 surety bond.

The suspect, Jewayne Price, is also barred from contacting any of the victims, Columbia police said on Twitter. Price will be allowed to travel from his home to work while he is under house arrest.  Neither Price nor his attorney could immediately be reached for comment. (read more)

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This Sunday segment from CBS’s Margaret Brennan allows us to watch narrative engineering in real time.  During a segment outlining the reasons behind the major economic issues American’s are feeling, CBS notes everything except the reason the economy is struggling.  It really is quite a remarkable example of professional gaslighting.

Watch the segment, note the inflation crisis has been underway for more than 18 months, and notice how many justifications are made-up illusions. (1) A Texas-Mexico cargo checkpoint issue that started less than a week ago; (2) Trucker shortages; (3) Ukraine-Russia which started only 6 weeks ago; and (4) Pandemic lockdowns, now causing an excess in demand.  None of these issues are even close to the source of the issue.

The two major drivers of inflation are both Biden policy issues.  (1) Extreme federal government spending and the Fed purchasing debt. (2) The shutting down of U.S. energy development (pipelines closed or blocked, oil leases cancelled, permits pulled and refinery permits cancelled).  All of this is Joe Biden policy.

On the restaurant pricing side, and likely restaurants soon to close, I would note the CTH outline from a few days ago:

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The metaphorical Jack had a great idea, open a coffee shop where the beverages were free and use internal advertising as the income subsidy to operate the business.  Crowds came for the free coffee, comfy couches, fellowship, conversation and enjoyment.

It didn’t matter where Jack got the coffee, how he paid for it, or didn’t, or what product advertising the customers would be exposed to while there.  Few people thought about such things.  Curiously, it didn’t matter what size the crowd was; in the backroom of Jack’s Coffee Shop they were able to generate massive amounts of never-ending free coffee at extreme scales.

Over time, using the justification of parking lot capacity and township regulations, not everyone would be able to park and enter.  Guards were placed at the entrance to pre-screen customers. A debate began.

Alternative coffee shops opened around town.  It was entirely possible to duplicate Jacks Coffee Shop, yet no one could duplicate the business model for the free coffee.  Indeed, there was something very unique about Jack’s Coffee Shop.  Thus, some underlying suspicions were raised:

The only way Twitter, with 217 million users, could exist as a viable platform is if they had access to tech systems of incredible scale and performance, and those systems were essentially free or very cheap.  The only entity that could possibly provide that level of capacity and scale is the United States Government – combined with a bottomless bank account.  A public-private partnership.

If my hunch is correct, Elon Musk is poised to expose the well-kept secret that most social media platforms are operating on U.S. government tech infrastructure and indirect subsidy.  Let that sink in.

The U.S. technology system, the assembled massive system of connected databases and server networks, is the operating infrastructure that offsets the cost of Twitter to run their own servers and database.  The backbone of Twitter is the United States government.

FREE COFFEE:

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This is layers of odd.  As many readers are aware, the prices of fertilizer have skyrocketed as supplies have been heavily impacted by increased energy costs and supply chain issues.  Many people have worried if a shortage of fertilizer may impact farm yields this year.

Against this backdrop CF Industries, one of the world’s largest manufacturers of hydrogen and nitrogen fertilizer, is warning its customers that Union Pacific Railway Lines is now restricting the amount of container tonnage they will permit.  [Press Release Here]

CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today informed customers it serves by Union Pacific rail lines that railroad-mandated shipping reductions would result in nitrogen fertilizer shipment delays during the spring application season and that it would be unable to accept new rail sales involving Union Pacific for the foreseeable future. The Company understands that it is one of only 30 companies to face these restrictions.

CF Industries ships to customers via Union Pacific rail lines primarily from its Donaldsonville Complex in Louisiana and its Port Neal Complex in Iowa. The rail lines serve key agricultural areas such as Iowa, Illinois, Kansas, Nebraska, Texas and California.

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