Jeff Bezos Reclaims Title Of World’s Richest Man

Jeff Bezos Reclaims Title Of World’s Richest Man

With shares of Tesla sputtering over the last couple of weeks – made even more interesting by strange put buys coming into the name over the last 2 weeks – Elon Musk has slipped out of the pole position for the title of world’s richest man. 

Bezos, who was temporarily dethroned from the position last month after holding the title for more than three years, has reclaimed his spot at the top of the list with his net worth at $191.2 billion. Musk has slipped to second with a net worth of $190.2 billion. 

Bill Gates, Bernard Arnault and Mark Zuckerberg make up the three hole, four hole and five hole, respectively. 

Musk’s stint at the top lasted about six weeks, until Tesla’s recent pullback from over $850 to the high $700 range, which came after Musk’s decision to put $1.5 billion worth of Bitcoin on the company’s balance sheet. He also interjected himself in the middle of the GameStop fiasco and has commented online about companies like Etsy and Signal.

In fact, Musk has been doing so much Tweeting, it begs the question of what he actually spends his day doing. But that’s another story for another day. 

Bezos has recouped his title despite announcing this month that he is going to be stepping down as CEO of Amazon and into a Chairman position. He is currently also involved in his own space exploration company, called Blue Origin, and the Washington Post. Amazon is up 53% in the last 12 months. 

Musk could wind up passing Bezos again quickly. Musk’s SpaceX is looking to raise money at a "significantly higher" valuation than its last round.

But come on, Elon. Why put in all that pesky work to pass Bezos? What does it take to get someone to come in and buy a couple million bucks worth of OTM calls for a friend to prop you back up on top?

Tyler Durden
Wed, 02/17/2021 – 17:45

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Black GOP Lawmakers Call On Museum To ‘Honor’ Justice Clarence Thomas

Freshman Republican Representative Byron Donalds of Florida is leading a group of black Republicans who are asking the National Museum of African American History and Culture (NMAAHC) to ‘honor’ Supreme Court Justice Clarence Thomas and improve an exhibit that they allege “falls short” in appropriately representing his legacy. They call this upgrade “long overdue.” As […]

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Arizona Sheriff Sees Fivefold Increase in Illegal Border Crossings

Arizona Sheriff Sees Fivefold Increase in Illegal Border Crossings

Authored by Charlotte Cuthbertson via The Epoch Times,

High-speed vehicle pursuits of suspected human smugglers and other illegal immigrant-related crimes are becoming more common in Cochise County, Arizona, according to Sheriff Mark Dannels.

Dannels tracks illegal border crossings through his extensive hidden trail camera operation along his county’s 83 miles of shared border with Mexico.

The cameras showed 1,200 illegal entries in August 2020, and by December, it had more than doubled to 2,500, he said. Before August, 500 was a busy month.

“That’s what scares me about this whole thing,” he told The Epoch Times on Feb. 15.

“Though I believe politics has no business in policing, it sure has an effect on the border.”

President Joe Biden has undone several border security measures that the Trump administration had put into effect, including temporarily suspending deportations of illegal aliens, reversing President Donald Trump’s ban on travel from terror-prone countries, halting border wall construction, and issuing a sweeping immigration package to Congress that includes amnesty for millions of illegal immigrants.

Cochise County Sheriff Mark Dannels in Sierra Vista, Arizona, on May 5, 2019. (Charlotte Cuthbertson/The Epoch Times)

Biden has also pledged to bring in 25,000 asylum-seekers who are waiting in Mexico for their immigration case to be adjudicated under the Migrant Protection Protocols (MPP) program.

“The president’s view is that the approach of the prior administration was immoral, but also ineffective in terms of addressing the challenge—the many challenges of an outdated immigration system,” said White House press secretary Jen Psaki on Feb. 16.

However, Dannels says the “best border efforts we’ve ever had in the last three decades in Cochise County was over the last couple of years.”

“We had a president that was very tough on the border, nobody would question that. And now we’ve got a president who’s going to do just the opposite,” he said.

“Are they rescinding them [executive orders] because it was Trump who was the author of it and it’s revengeful? Or are they rescinding it because it wasn’t working? I would question both those thoughts.”

Dannels said he’s concerned that border sheriffs are going to be sidelined during the Biden administration. He sits on the Homeland Security Advisory Council and was part of the Biden transition team for border issues. He was optimistic after the initial meeting about collaboration and other issues.

But he said he hasn’t been included in conversations about the impact of ending the MPP program, which he sees as one of the most effective policies.

On Feb. 19, the Department of Homeland Security will start to bring in 25,000 illegal immigrants who are part of the program.

“We’re going into Mexico during a health pandemic and bringing 25,000 over. It doesn’t make sense. It’s hypocritical,” Dannels said.

“Either we’re in the middle of a health pandemic, or we’re not. Somebody in Washington, D.C., needs to make that decision.”

U.S. Border Patrol agents apprehended two large groups of illegal aliens within an hour of each other near Mission, Texas, on Feb. 4, 2021. (Courtesy of U.S. Customs and Border Protection)

The message smugglers and cartels are receiving is that the border is “open for business,” and “that’s what’s scary to me,” Dannels said. Just last month, two illegal immigrants died when the vehicle they were in flipped as they tried to evade law enforcement. Another four people were in the vehicle.

“We need to have a secure border. The cartels are the only ones smiling right now, because they will benefit from this confusion,” he said.

He hopes the new administration’s measures won’t hamper the collaboration with local Border Patrol agents in Cochise County.

“We’re going to keep doing what’s right, what the oath of office has us to do—and that’s to protect our citizens,” he said.

But with the new policies, he said he’s “not optimistic” that a border crisis won’t emerge of similar proportions to what occurred in 2019. Almost 1 million illegal or inadmissible immigrants were apprehended by border agents along the southern border during fiscal 2019.

“We’re going to have our hands full [this year],” Dannels predicts.

“We’ve been down this road before. For 37 years, I’ve worked this southern border, and I’ve seen the different leadership come into Washington, D.C. They bring their own ideologies, their own policies, and unfortunately politics becomes the driving force of this.

“And what happens is, the local communities are the ones that take the impact.”

Tyler Durden
Wed, 02/17/2021 – 17:25

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‘Talent On Loan From God’: What People Still Don’t Understand About Rush Limbaugh

For some reason, when I heard of the passing of the 70-year-old Rush Limbaugh from lung cancer, oddly enough, a scene from the TV series Mad Men came to mind. Don Draper, the mysterious and dapper ad man, explains to enthralled Kodak executives that the most important idea in advertising is new. “It creates an itch,” he explains. “You simply put your product in there as a sort of calamine lotion.” I think such a concept is at the heart of why “El Rushbo” as he was affectionately known by his loyal legions of over 20 million daily listeners, (and “Satan” by the Left in whose boot he was a burr for 37 years) was so successful. He was the first of what would be a media counter-revolution. A conservative backlash to what many across “fly-over country” saw as an ever steeper and more pervasive leftward tilt to the media and news sources they’d once trusted.

In 1984, when Limbaugh truly launched his career as the country’s premier political talk radio host at Sacramento-based KFBK, the media landscape was a barren place wherein alternative viewpoints had few if any outlets. In my hometown of Chicago, for example, if you wanted news you had a very limited, and ideologically monolithic, choice of media outlets. Your national news was confined to ABC (Peter Jennings), NBC (Tom Brokaw), CBS (Dan Rather), a few local stations like WGN and WTTW, PBS, some obscure UHF outlets, and in Chicago, two newspapers. The internet didn’t really exist. FM radio was mostly music, AM very hard to even tune into. And that was it.

Yet, those tens of millions of Americans who leaned right of center had no voice. No place to go where their views could be championed. There was nobody on the air of any import they could listen to and nod while mumbling “damned right.” Rush Limbaugh changed all that. He sensed there was an itch for alternative viewpoints beyond the liberal dogma seeping its way into our schools, universities, pop culture, politics, and ultimately supposedly “straight news” organizations. And he was unafraid to speak them aloud. After all, he reasoned, he was only repeating on an open forum what millions of Americans unsettled by the shift of their country into self-loathing, lawlessness, political opportunism, social permissiveness and corrosive morality, and general leftism among the institutions of power, were saying every night at the kitchen table.

Once he moved to New York with its vast audience, and especially after the FCC repealed its Fairness Doctrine in 1987, Limbaugh’s career skyrocketed and he soon stood at the top of a growing pile of conservative talk-show hosts — Sean Hannity, Michael Savage, Laura Ingraham, Glenn Beck, Howie Carr, Dennis Prager, Hugh Hewitt, et. al. — who rightfully look to him as the godfather of their uber-successful genre of infotainment.

At the ABC Radio Network he honed his style until be became the most recognized voice of the right in the nation. And he never wavered in his core message which could basically be summed up in a belief that the United States is a force for good, warts and all, and that the Left are out to destroy it. Every day, then, his radio broadcast was a three-hour long gladiator-like battle with the forces of evil, also known to his ocean of daily listeners as, well, “Democrats”.

But such a binary view of the issues and the players that shaped politics on the good and the bad side of the divide was fine with his legion of self-proclaimed “ditto-heads”. After years of being ridiculed, maligned, looked down upon, forgotten, and dismissed as knuckle-dragging, mouth-breathing rubes, either through being labeled “clingers” or “deplorables” (let alone racist, sexist, bigoted, homophobe Nazis from Hell…or Missouri, like Limbaugh himself) by the elites in the media with the right credentials and right viewpoints, they were happy to follow a man who gave as good as he got. And the simple fact is the more the Left tried to demonize and marginalize Limbaugh, sifting through decades of transcripts for that one “gotcha!” career-ending gaffe, the stronger and more influential he became. They may as well have tried to put out a fire with kerosene.  And it drove them mad.

One can already imagine the tsunami of vitriol and grave-dancing overwhelming the Twittersphere at this moment. But somehow I think Limbaugh would be happy to have their vile celebrations as his epitaph. After all, as a man in his line of work understood better than most, often it is more revealing to judge a man by his enemies than his friends

The numbers Limbaugh put up are testament to that void in broadcasting that The Rush Limbaugh Show targeted and filled. In 2008, he inked a contract extension with syndicator Premiere Radio Networks worth $400 million. His model of being a conservative yin to the liberal yang upset the balance of media power in this nation — meaning it moved to restore balance by offering an alternative narrative to those proffered by a once-unopposed media class — and his impact, almost three decades later, has been profound. Because of Limbaugh more than any other media personality, conservatives dominate the airwaves, despite Leftist attempts to emulate his model, but with an opposite message. His ascendancy went hand-in-hand with the rise of the Fox Broadcasting Company  (1986) which Rupert Murdoch founded to directly compete with the big three networks where they lived…on Television. No doubt the success of The Rush Limbaugh Show had a profound influence on the astute Murdoch, as Limbaugh paved the way and exposed the multi-billion dollar market just waiting to be cultivated.

I could give a blow-by-blow account of Limbaugh’s extraordinary life from his 1951 birth in Cape Girardeau, Missouri, his many awards, wealth, marriages, books and the rest right up to his crowning moment when he received the Presidential Medal of Freedom in February 2020, while already battling cancer, but there is plenty of that out there.

What matters most about Limbaugh, one must think, is how different the country he leaves behind is as compared to the one in which he launched his broadcast revolution in 1984. Today we are more polarized as a nation than at any time since 1860…in many ways even more so. The question is, how much did Limbaugh contribute to it, and how much did he merely expose? That depends on who you ask. The left-wing Huffington Post, for example, reports his death this way: “Rush Limbaugh, Bigoted King Of Talk Radio, Dies At 70.” I think right there is the answer. Only in a nation already infected with such strains of hatred and vindictiveness could a Limbaugh have thrived. As with the president who awarded him his medal, Limbaugh was not a divider. Rather he exposed the divide that already existed. One cannot be so successful at selling calamine lotion for the soul to those not furiously itching for an alternative viewpoint, their viewpoint, to have a voice, a champion.

And as much as the Left hates Limbaugh, as much they will no doubt rejoice at his passing (in the name of “tolerance”, of course) they made him. He was their Frankenstein. And now they get to live with his legacy…which gives “El Rushbo” fans the last laugh, even as they mourn his passing. “Talent on loan from God” as he would mischievously say, has been returned to its rightful owner. But his impact cannot be refunded. Love him or hate him, we are living in a new hyper-political age that Rush Limbaugh, and those who symbiotically loved to loathe him, has created.

Brad Schaeffer is a commodities trader and writer whose articles have appeared in The Wall Street Journal, New York Daily News, National Review, Celeb Magazine, Zerohedge, Frumforum, and other news outlets.  He is the author of the acclaimed World War II novel Of Another Time And Place

The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire. 

The Daily Wire is one of America’s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.

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Kroger Closes More Grocery Stores Over “Hazard Pay” Laws

Kroger Closes More Grocery Stores Over "Hazard Pay" Laws

The nation’s second-largest grocery chain has announced the closure of two stores in Seattle, after the city passed a $4-an-hour hazard pay mandate for grocery workers, according to the Washington Post.

Food 4 Less workers this month protest the decision by parent company Kroger to close some of its locations after Long Beach, Calif., passed an emergency ordinance for temporary hazard pay. (Mike Blake/Reuters)

"Unfortunately, Seattle City Council didn’t consider that grocery stores — even in a pandemic — operate on razor-thin profit margins in a very competitive landscape," the company said in a statement. "When you factor in the increased costs of operating during covid-19, coupled with consistent financial losses at these two locations, and this new extra pay mandate, it becomes impossible to operate a financially sustainable business."

The hazard pay mandates were instituted because grocery employees were deemed "front line workers" due to their interaction with the public during the pandemic.

Hazard pay and other pandemic-related bonuses became popular among corporate grocery and retail giants, amid wider public attention on the plight of essential workers during the early spread of the coronavirus last year. Companies including Kroger, Target, Walmart, Amazon, Rite Aid and Albertsons instituted the policy.

But many companies like Kroger ended hazard pay as the country reopened, declining to reinstate the practice, despite record caseloads around the country. Kroger replaced it with a $400 bonus. –Washington Post

The move comes two weeks after Kroger announced the closure of stores in Long Beach, California over similar hazard pay legislation, blaming local officials after they passed a law mandating that grocery stores with at least 300 workers nationwide or 15 employees within Long Beach to pay an additional $4 an hour for a 120-day period.

Kroger’s decision was denounced by the United Food and Commercial Workers International Union.

"Kroger has literally made billions in pandemic profits off the sacrifices of grocery workers in Seattle and across the country," union president Marc Perrone said in a statement. "Kroger’s action today not only threatens these workers, but it also threatens the local food supply. Instead of doing what is right, protecting the community and providing the hazard pay for these essential grocery workers, Kroger is once again trying to intimidate local and national elected leaders."

Seattle officials, meanwhile, called Kroger’s move an attempt to "bully" the city’s elected leaders, who apparently didn’t think their actions would have consequences.

"Kroger has posted record earnings during this pandemic," said Council President M. Lorena González in a statement. "The city’s front line grocery workers, meanwhile, are exposed to covid-19 every day and many are still living paycheck to paycheck."

Kroger posted an operating profit of $792 million in Q3 2020, up 300% from the same quarter a year prior – so perhaps they’re drawing a line in the sand before cities across the country institute similar "hazard pay" mandates.

Tyler Durden
Wed, 02/17/2021 – 18:05

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Resident Idiot of US House Spouts Off: AOC Slams Texas for Power Outages Due to Frozen Wind Turbines

A winter storm caused mass chaos in Texas this week. Power outages were initiated by the Electric Reliability Council of Texas early on Monday morning. This means hundreds of thousands of Texans are without electricity for short periods of time. Temperatures fell into the teens near Dallas and 20s around Houston. Hundreds of thousands of Texas residents are still without power.

According to reports nearly half of the wind energy is down in West Texas after the turbines froze.

But that didn’t stop the resident idiot of the US House of Representatives from spouting off.

Alexandria Ocasio-Cortez slammed Texas for the power outages saying the outages, “Are quite literally what happens when you *don’t* pursue a Green New Deal.”

You have to be a certain kind of stupid to spout off something that dumb.

The Daily Wire reported:

On Wednesday, Rep. Alexandria Ocasio-Cortez (D-NY) took a swipe at Texas political leaders, propounding that the suffering Texans are experiencing because of the freezing cold and concomitant power outages could have been addressed by her “Green New Deal.”

Ocasio-Cortez tweeted, “The infrastructure failures in Texas are quite literally what happens when you *don’t* pursue a Green New Deal. Weak on sweeping next-gen public infrastructure investments, little focus on equity so communities are left behind, climate deniers in leadership so they don’t long prep for disaster. We need to help people *now.* Long-term we must realize these are the consequences of inaction.”

The post Resident Idiot of US House Spouts Off: AOC Slams Texas for Power Outages Due to Frozen Wind Turbines appeared first on The Gateway Pundit.

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