Twitter Board Plays 'Poison Pill' —
but Elon's Response Shows He's All in
to Win
Posted By: Garnet, 4/16/2022 11:53:03 AM
We’ve been covering the continuing drama of Elon Musk’s effort to buy Twitter. Where we last left you in the saga was that the Twitter board announced that it was going to adopt a “poison pill” defense – a move trying to prevent him from acquiring more than 15 percent of the company. It’s designed to make the acquisition less attractive.Now, the problem with this move is that it’s denying the shareholders the gain they would have made from the sale, so is detrimental to their interests. Musk was offering to buy for a share price much higher than what the shares were currently priced.
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We’ve been covering the continuing drama of Elon Musk’s effort to buy Twitter. Where we last left you in the saga was that the Twitter board announced that it was going to adopt a “poison pill” defense – a move trying to prevent him from acquiring more than 15 percent of the company. It’s designed to make the acquisition less attractive.Now, the problem with this move is that it’s denying the shareholders the gain they would have made from the sale, so is detrimental to their interests. Musk was offering to buy for a share price much higher than what the shares were currently priced.
Oh, to be as privileged as a Black Lives Matter founder!
Entitled former BLM leader Patrisse Cullors’ latest complaint is that standard financial disclosure forms are “triggering” and “unsafe.”
You see, in a panic after the 2020 killing of George Floyd, corporate America dumped roughly $90 million on the national BLM group, which then used part of the windfall to quietly buy some premium real estate for its leaders’ enjoyment.
New York magazine recently exposed BLM’s October 2020 purchase of a $5.8 million Studio City, Calif., mansion, reporting that Cullors rapidly denounced as a “racist and sexist” attack because . . . well, as best we can tell,
Why Elon Musk has rattled them
4 replies
We stand here on the edge of tyranny… Elon Musk wants to buy Twitter. That, roughly speaking, has been the commentariat reaction in recent days as the world’s richest man has launched a takeover attempt of the social-media giant, citing his concerns about its censorious policies as his main motivation.Musk revealed last week that he had become Twitter’s largest shareholder, with a 9.2 per cent stake. Now he’s offered to buy the whole company for a cool $43 billion, a nice premium on its current worth. As it stands, Twitter’s board is resisting and America’s great and good have gone berserk.
Biden’s Gaffes Are Becoming a Crisis
15 replies
Do a president’s words count, or not? If a president keeps making declarations that bear no relationship whatsoever to actual administration policy, he is at best irrelevant. But President Biden’s many verbal slip-ups and ad-libs can be expected to enrage Vladimir Putin and make him redouble his efforts when the United States should be exerting effort in the other direction, to encourage Putin to de-escalate.We’ve just learned that when President Biden called Vladimir Putin’s acts “genocide” the remark didn’t really count, any more than it counted when Biden called Putin “a war criminal,” (never mind, said his staff).
Liberal 2022 candidates come out against
Biden's repeal of Title 42, slam admin
for 'lack of a plan' 6 replies
Biden's repeal of Title 42, slam admin
for 'lack of a plan' 6 replies
Democrats candidates in the midterm elections are joining in the criticism that the Biden administration doesn't have a OK plan to end enforcement of the federal law known as Title 42, used during the pandemic to migrants and COVID-19 out of the U.S.Texas Democratic gubernatorial candidate Beto O'Rourke hit at the administration for what he considers failing to come up with a plan for border communities to deal with the expected surge in immigration by ending Title 42 enforcement.
"It does not make sense to end this until there is a real plan and the capacity in place to handle those and address those that come over,
Joe Biden's recent job approval ratings, which are averaging 14 points lower than those early in his presidency, have declined far more among younger than older generations of Americans. In fact, Biden's job approval has changed relatively little among baby boomers and not at all among traditionalists. As a result, older Americans are now more likely to approve of the president than younger Americans are.(Snip)This analysis is based on aggregated Gallup poll data since Biden became president, dividing his presidency into three distinct periods defined by his average approval rating at the time.
During the honeymoon phase of Biden's presidency,
President Biden traveled to Iowa for the first time in his tenure on Tuesday to promote the new infrastructure law and unveil plans to tackle soaring gas prices, which include allowing ethanol-blended gasoline to be sold during the summer. The move should appeal to farmers in the corn-rich state.
But despite the president’s belated attention to the state, Democrats have all but written off Iowa in their political future. The national party is weighing plans to abandon the state's famed first-in-the-nation presidential caucuses, even while it loses ground in pivotal congressional contests. In the latest embarrassment, the party’s leading Senate candidate, former Rep. Abby Finkenauer, was ruled ineligible
Of all the Democrats’ gestures of contemptuous indifference toward ordinary people, President Joe Biden’s 8.5% inflation rate is the most provocatively insouciant. Bidenflation, more than any of his many other culpable failures, will prompt voters to respond in November with a gut punch to the party’s solar plexus.
One should not minimize the impact of other blows to public morale from outrages such as the cultural revolution against every traditional norm, the disgrace of U.S. capitulation to a ragtag army of medieval Afghan farmers, Biden’s abandonment of national sovereignty at the Mexican border, or the performative diktats of his tinpot COVID bureaucrats. All these contribute to our sour national mood.
President Biden and other Democrats are confronting a stark truth — they’re getting blamed for what’s bad in the economy and getting no credit for what’s good.
The dynamic could spell electoral doom in November.
The Democrats’ failure to get voters to recognize the upside of the economy is not for lack of trying.
On Thursday, fresh data showed new unemployment claims at their lowest level since modern records began in 1968. The president responded with a statement in which he noted that almost 8 million jobs had been created since he took office — “more jobs created on average per month than under any other president in history,” he said.
The left-wing professional and political classes bequeathed a number of new protocols during the Trump derangement years. And it will be interesting to watch whether the Republicans abide by them in November should they take back the House and perhaps the Senate—and the presidency in 2024 as well.
Will they follow the New Testament’s turn-the-other-cheek forbearance, or go for Old Testament style eye-for-an-eye retribution? What Are the New Rules?
Will Republican magnanimity suffice to shame the Democrats to be more professional in the future? Or will t-t-for-tat deterrent reciprocity alone ensure a return to norms? Specifically, will Biden be impeached Trump-style, after losing the House in November?
It‘s now impossible to ignore our president’s cognitive decline. Public opinion polls indicate that most voters doubt his mental capacity to carry out his duties, and his public effusions confirm the accuracy of that assessment. Since his bizarre State of the Union address, Biden’s utterances have become less and less lucid and his few coherent statements are terrifying. He has called for regime change in a country with a huge nuclear arsenal and denounced its president as a war criminal. Yet the corporate media are generally sanguine about Biden’s verbal incontinence. Indeed, they have applauded it. So, what would frighten the Fourth Estate? Elon Musk on Twitter’s board of directors.
Covid’s comeback bursts the D.C. bubble
30 replies
There’s no denying it: Covid is rocking Washington right now. Days after Saturday’s annual Gridiron Club dinner, multiple attendees of the boujee 600-seat confab have come down with it — including Commerce Secretary GINA RAIMONDO, A.G. MERRICK GARLAND and Reps. ADAM SCHIFF (D-Calif.) and JOAQUIN CASTRO (D-Texas).
By Wednesday afternoon, another high-profile attendee — JAMAL SIMMONS, comms director to VP KAMALA HARRIS — revealed that he, too, tested positive. That test result came just a day after he shook former President BARACK OBAMA’s hand at the White House’s Obamacare party, where President JOE BIDEN and 200 other high-level officials hobnobbed maskless while celebrating the health care law.
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The New York Times published an op-ed Friday that proposes eliminating belief in God — as one of the holiest weekends of the year begins. Titled “In This Time of War, I Propose We Give Up God,” the article claims that God is responsible for “war and violence” and for “oppression and suffering,” and suggests that people stop teaching children about Him. Author Shalom Auslander, who is disillusioned about his upbringing in a religious Jewish community in New York, argues (original emphasis): God, it seems, paints with a wide brush. He paints with a roller. In Egypt, said our rabbi, he even killed first-born cattle.
A 22-year-old man was arrested in connection with a shooting at a busy mall in South Carolina's capital city that left 14 people injured. Jewayne M. Price, 22, was arrested early Sunday and is expected to be charged with unlawful carrying of a pistol.
He was initially detained as one of three people initially identified as persons of interest in Saturday's shooting at Columbiana Centre. No fatalities have been reported. But nine people were shot and five people suffered injuries, including broken bones lacerations and a head injury, while attempting to flee the mall for safety. The victims ranged in age from 15 to 73.
On February 14, 2018, thanks to a complete systemic failure at the school and county level, Nikolas Cruz was able to murder 17 of his classmates at Marjorie Stoneman Douglas High School. David Hogg, a student at the school, was not among the injured nor was he even in the line of fire (which is, of course, a good thing). Nevertheless, by becoming one of the loudest voices calling for gun control following the shootings, Hogg managed to get a place at Harvard. (snip) Hogg’s musings on Twitter (which are so prolific it’s hard to know how he finds time for school work)
During an interview with “Pod Save America” on Thursday released on Friday, White House Press Secretary Jen Psaki stated that canceling student loan debt is “on the table” and high costs are “an important thing to consider. That’s a big part of the consideration.”Psaki responded to a question [relevant exchange begins around 1:00:55] on whether taking executive action on student loan debt cancelation is still on the table by stating, “Yes, still on the table. … So, as you said, it ends August 31. We have to then decide whether it’s extended and what you look at is, even though the economy’s very strong, we created
Former Atlanta mayor Bottoms says she
was turned away from steakhouse for wearing leggings 28 replies
was turned away from steakhouse for wearing leggings 28 replies
Former Atlanta mayor Keisha Lance Bottoms said she was denied entry to an upscale steakhouse due to her attire Friday. Ms. Bottoms tweeted that she should be able to wear “mall” attire because the Capital Grille restaurant she visited is located at the Perimeter Mall in Dunwoody, Georgia. “Asked if I could sit in the bar area and was told, ‘No.’. Rules are the rules, just wonder if the woman who came in immediately after me, who I did not see come back out, was also denied service,” she wrote. Ms. Bottoms’ clothing violated the restaurant’s dress code, according to its website. “For the comfort of all guests
Chicago - The State of Illinois has launched a new program that will provide free health care to undocumented immigrant adults ages 55 to 64.
The free health care program was approved by lawmakers in Spring 2021. It is an expansion of Illinois' program to provide health benefits for immigrant seniors.
Covered services include doctor and hospital visits, lab tests, physical and occupational therapy, mental health, substance abuse disorder services, dental and vision services, and prescription drugs.(snip)The free health care will expand even further on July 1 to cover eligible adults ages 42 to 54.
Protests kicked off in Grands Rapids, Michigan, after the Grand Rapids Police Department released a video of an officer shooting a 26-year-old Black man in the head–the officer has not been charged.
The city of Grand Rapids held a press conference Wednesday to release about 20 minutes of footage showing the killing of Patrick Lyoya on April 4. Grand Police Chief Eric Winstrom was joined by city officials to release a series of videos that all revealed different angles of the incident recorded by the unidentified officer’s dashcam, his bodycam, a cellphone, and a neighbor’s home security camera.
President Joe Biden and First Lady Jill paid less federal taxes in 2021 than in 2020, despite the couple earning more income in 2021.
In 2021, Joe and Jill Biden reported $610,702 in earned income and paid 24.6 percent in federal taxes. In the year prior, they reported $607,336 in earnings. Despite the nearly $4,000 increase in income, the Biden family paid almost $7,000 less in federal income tax for 2021.
The Bidens paid a $157,414 tax bill in 2020, compared to $150,439 in federal taxes for 2021. The couple also paid $30,765 in Delaware state taxes,
Charles Murray just can’t help himself; he’s been a social scientist and prolific author for almost 40 years, writing books on the American experience and societal issues. Now he is back in the mix with a book, Facing Reality: Two Truths About Race in America (Encounter Books 2021), that follows up on the book he wrote with Richard Hernnstein, The Bell Curve (1994). That magnificent work blew the top off of racial debates in America by its in-depth analysis of racial cognitive ability (IQ) differences and socio-economic mobility of Americans and factors that are associated with success in life.
White House press secretary Jen Psaki has defended herself after she was recorded asking if Fox News' Peter Doocy was a 'stupid son of a b***h' or just played one on TV. On Friday night, Psaki stressed that she was not deliberately attempting to insult the 34-year-old Fox News White House correspondent. 'Full video shows I also told a story about Peter’s grace last night and made very clear I was not being critical of him or any reporter at Fox, and instead was critical of the slant of some Fox topics. He is doing his job. I am doing mine. We debate. We disagree. I respect that.' Psaki tweeted.
Thank God for fact-checkers. Where would we be without them? Instead of believing the evidence provided by our own two eyes, we’re assured that what we see isn’t really what we thought we saw. Except when it is. But that’s another story.
Last Thursday, Joe Biden spoke to students and faculty at North Carolina Agricultural and Technical State University in Greensboro. It was boilerplate political stuff — blaming the supply chain problems on COVID-19, increased fuel prices on the Russians, and inflation wasn’t his fault.
At the end of the speech, Biden’s eyes became a little glassy and he turned around slowly and extended his hand. Except there was no one there.
The European Union’s anti-fraud body has accused Marine Le Pen and several of her party members–including her father–of embezzling about €620,000 while serving as members of the European parliament.
France’s investigative website Mediapart published a section of the new 116-report alleging that the MEPs misused EU funds for national party purposes. The claims come a week before the second round of the presidential election, on 24 April, in which Le Pen will go head to head with Emmanuel Macron.(Snip)In one incident reported by Mediapart, Marine Le Pen is said to have made a claim in 2010 worth €5,000 for hotel rooms for 13 far-right