65.9 F
Chicago
Saturday, September 26, 2026
Home Blog Page 1720

Panic Politics: Law Professors’ Umpteenth “Constitutional Crisis” Falls Flat

Panic Politics: Law Professors’ Umpteenth “Constitutional Crisis” Falls Flat

Authored by Jonathan Turley,

It’s only March, and we have yet another declaration of a “constitutional crisis.”

The latest dire declaration comes from roughly 950 law professors, who refer generally to actions and policies implemented by President Trump as “beyond his constitutional or statutory authority.”

So — what happens if the “experts” hold a crisis and no one shows up?

After years of such claims, the perpetual crisis has left a dwindling number of people inclined to panic. Many simply have more pressing matters at the moment and have the same reaction of former Secretary of State Henry Kissinger: “There cannot be a crisis next week. My schedule is already full.”

The latest letter follows a familiar pattern that has played out like a political perpetual motion machine since the first Trump impeachment. It works something like this: A legal academy composed of largely liberal academics announces a “constitutional crisis” caused by conservatives, and then a largely liberal media runs the story with little scrutiny or skepticism. On most echo-chambered media sites, the public rarely hears an opposing view.

The purging of conservative and libertarian faculty from most universities has been a long-standing problem. In self-identified surveys, professors confirm that some departments lack a single Republican. A study by Georgetown University’s Kevin Tobia and MIT’s Eric Martinez found that only 9 percent of law school professors in the top 50 law schools identify as conservative.

Law schools are not unique. A survey conducted by the Harvard Crimson shows that more than three-quarters of Harvard Arts and Sciences and School of Engineering and Applied Sciences faculty respondents identified as “liberal” or “very liberal.” Only 2.5 percent identified as “conservative,” and only 0.4 percent as “very conservative.” A 2017 study found that only 15 percent of faculty members were conservative. Another analysis found that 33 out of 65 departments lacked even a single conservative faculty member.

In other words, it is embarrassingly easy to get 1,000 law professors to sign off on letters claiming endless constitutional crises caused by Trump or conservatives.

Those letters are then fed to eagerly awaiting media outlets. The perpetual machine then whirls and spins as liberal professors feed liberal reporters, who then feed liberals in Congress, who cite the unchallenged consensus of academia and the media.

The New York Times rushed the news to its viewers that “Trump’s Actions Have Created a Constitutional Crisis, Scholars Say.” The Times interviewed Berkeley Dean Erwin Chemerinsky, who previously called the conservative justices “political hacks” and just published a book titled “No Democracy Lasts Forever: How the Constitution Threatens the United States.”

Chemerinsky breathlessly explained “We never have seen anything like this.”

The problem is that we have. 

Presidents often negate the prior executive orders of their predecessors, fire their appointees and implement sweeping new changes. Those actions are frequently challenged and some are found to be procedurally or substantially unlawful. Others are upheld.

President Biden was repeatedly found to have violated the constitution without most of these signatories expressing a peep of concern over the mounting “crisis.”

Indeed, some pushed for unconstitutional actions against the overwhelming views of legal experts.

.Take Harvard Professor Laurence Tribe, who also signed this letter to express alarm at Trump pushing the Constitution to the breaking point. Tribe has attacked conservatives in profane diatribes and supported packing the Supreme Court to engineer a liberal majority.

When Biden wanted to circumvent Congress and implement billions in student loan forgiveness payments before the election, Tribe was there. Even former Speaker Nancy Pelosi admitted that Biden could not constitutionally wipe out hundreds of millions of dollars of student loans without congressional action. However, Tribe assured President Biden that it was entirely legal.

It was found unconstitutional by the Supreme Court and lower courts.

When Biden wanted to impose a national eviction moratorium, he admitted that his own lawyers told him that it would be flagrantly unconstitutional. Pelosi then told him to call Tribe, who assured Biden he had the authority to act alone.

This was also quickly found to be unconstitutional.

Biden was also found to have engaged in racial discrimination and other flagrant constitutional violations.

Of course, none of that is a crisis, and none of these signatories ran to blast fax a letter to the legal academy.

Other signatories, such as Professor Heidi Li Feldman, have declared that conservative justices and lawyers are “lawless” due to their opposing constitutional views. 

She has called upon law professors not to fall “into complicity with lawlessness.” In other words, conservative jurisprudence, followed by roughly half of the bench, is simply unacceptable and should not be recognized.

If you view conservatives judges and justices as “lawless,” then every decision that they issue can be construed as a “crisis” in failing to adopt your own interpretive approach.

There are good-faith reasons to challenge some of Trump’s actions, as there were under Biden. I have criticized some of those measures. However, Trump has repeatedly pledged to follow adverse court orders while he seeks appeals. That is precisely what he did in his first term, where he complied with opposing rulings, including some issued by his own appointees.

Trump is also prevailing in some of these cases and will likely prevail in many others. Democratic groups have forum-shopped around the country to bring challenges before favorable judges. Some have issued injunctions, while others have not. Others have already been reversed.

For example, the media made great fanfare over restraining orders issued to limit the actions of Elon Musk and the Department of Government Efficiency. Less coverage was given to later opinions reducing those orders or setting them aside, including a recent order refusing to bar Trump from firing many government employees at USAID.

Likewise, the media and many professors lionized Special Counsel Hampton Dellinger for suing to stop Trump’s firing. When Judge Amy Berman Jackson in Washington issued her opinion, some of us expressed skepticism over her cited legal authority. Within four days, the D.C. Circuit had reversed her, ruling for Trump. Dellinger then dropped his own case rather than multiply adverse rulings.

None of this means that Trump will prevail in most such lawsuits or that these are not good-faith challenges. However, the record does not suggest a constitutional crisis. It suggests the opposite — a constitutional system that continues to function efficiently and fairly.

The real “crisis” seems to be that Trump is winning in some of these cases. To make matters worse, he is complying with adverse rulings. After an election where many of these same voices declared the imminent death of democracy if Trump were elected, the constitutional system seems to be, inconveniently and stubbornly, very much alive and well.

Of course, opposing these actions on policy or conventional legal grounds would generate little press. It has to be a “crisis” to get headlines and segments on cable news. Stanford law Professor Pamela Karlan and co-signatory described Trump as different, a president “for whom the Constitution [is] essentially meaningless.”

Karlan, who previously testified in favor of impeaching Trump in his first term, ignores the fact that our system does not depend on how Trump feels about the Constitution, even if she did have an insight into his inner self. We have the oldest and most successful constitutional system because it does not rely on the good motivations or values of those in government. It has survived centuries with often hostile presidents due to its checks and balances.

In the end, the seeming unanimity is not reflective of the merits but the membership of the legal academy. From calls to pack the court to curtailing free speech to trashing the Constitution, law professors are like priests who have kept their frocks while losing their faith. And their crisis of faith is the only crisis these professors are facing.

*  *  *

Jonathan Turley is the Shapiro Professor of Public Interest Law at George Washington University. He is the author of “The Indispensable Right: Free Speech in an Age of Rage.” 

Tyler Durden
Mon, 03/10/2025 – 15:40

US Regulator Rescinds Biden’s Blocks, Says Banks Can Engage In Some Crypto Activities

US Regulator Rescinds Biden’s Blocks, Says Banks Can Engage In Some Crypto Activities

Authored by Zachary Stieber via The Epoch Times,

A U.S. regulator said on March 7 that banks can engage in some activities related to cryptocurrencies.

The Office of the Comptroller of the Currency (OCC) clarified in a statement that the permitted activities include keeping hold of crypto assets and maintaining reserves for stablecoins, a class of crypto that features prices tied to other assets.

The OCC said it was rescinding a 2021 policy that set limits on when banks could hold crypto, including the requirement that banks must show they have controls in place to ensure they conduct the activity in a “safe and sound manner.”

“The OCC expects banks to have the same strong risk management controls in place to support novel bank activities as they do for traditional ones,” Acting Comptroller of the Currency Rodney E. Hood said in a statement. 

“Today’s action will reduce the burden on banks to engage in crypto-related activities and ensure that these bank activities are treated consistently by the OCC, regardless of the underlying technology. I will continue to work diligently to ensure regulations are effective and not excessive, while maintaining a strong federal banking system.”

The OCC previously issued a series of letters outlining its stance on crypto-related services.

In July 2020, the office said that banks could provide banking services to any lawful business, including crypto firms. In October 2020, the office said that banks can hold reserves from stablecoin issuers. In January 2021, the office said that banks could utilize technologies such as stablecoins to perform permitted functions, such as payment activities.

Later in 2021, though, the OCC said that banks could not engage in crypto-related activities until they notified its supervisory office that it intended to engage in the activities and had received approval from supervisors. The OCC also said that supervisors, before issuing approval, had to evaluate the bank’s systems and make sure the bank could safely engage in such activities.

That’s the position that the OCC has now reversed.

The OCC also said it was withdrawing from joint statements issued on crypto risks to banks, including a 2023 statement with the Federal Reserve and the Federal Deposit Insurance Corporation that said volatility in the crypto space meant there were key risks associated with the sector.

Crypto, including bitcoin, can serve as digital investments and payment methods. Bitcoin, with a limited supply of 21 million coins, also functions as a store of value similar to gold.

President Donald Trump has championed crypto and recently signed an order establishing a bitcoin reserve. The president told reporters that the foundation of the reserve will be the bitcoin seized from criminals.

Tyler Durden
Mon, 03/10/2025 – 15:00

New York Advertises State Jobs To Laid-Off Federal Workers In DC

New York Advertises State Jobs To Laid-Off Federal Workers In DC

Authored by Bill Pan via The Epoch Times (emphasis ours),

The state of New York is looking to recruit federal employees in Washington who were recently laid off amid the Trump administration’s efforts to trim the federal workforce.

New York Gov. Kathy Hochul speaks at a press conference in New York City on Nov. 26, 2024. Julia Demaree Nikhinson/AP Photo

The advertisement for New York’s recruitment drive on March 3 appears on digital signboards inside Union Station, the busy train hub in the nation’s capital. It features the Statue of Liberty striking Uncle Sam’s iconic “I Want You” pose with the caption: “DOGE said you’re fired? We say you’re hired! New York wants you!”

The message refers to the Department of Government Efficiency (DOGE), a team led by entrepreneur Elon Musk and tasked by President Donald Trump with finding ways to reduce government spending and cut excessive regulations.

Advised by DOGE, Trump in the first five weeks of his second term has shut down the U.S. Agency for International Development and taken steps toward closing the Consumer Financial Protection Bureau. Trump has also floated the idea of abolishing the Department of Education altogether.

As part of the administration’s restructuring, federal employees have been offered “deferred resignations,” which provide paid leave to those who voluntarily quit government service. At least 75,000 federal workers accepted the buyouts after a federal court allowed the initiative to continue.

The U.S. Office of Personnel Management (OPM) has directed agencies to review and terminate all probationary employees who are not deemed high-performing or mission-critical. According to government data maintained by OPM, as of March 2024, some 220,000 workers with less than a year of job experience fell into this category.

New York Gov. Kathy Hochul is hoping to attract these displaced federal workers to fill the vacancies in her government.

The Empire State employs about 180,000 workers but has more than 7,000 positions unfilled, according to Hochul’s office. Some of the most in-demand positions currently open include roles for attorneys, engineers, nurses, and IT specialists.

“[The] federal government might say, ‘You’re fired’—but here in New York, we say, ‘You’re hired,’” the Democratic governor said last week in a video message promoting the recruitment drive.

The Trump administration has dismissed New York state’s recruitment campaign as an attempt to expand an already bloated bureaucracy.

“Leave it to the failed New York state bureaucracy to stack their payrolls with more bureaucrats at the expense of the abused taxpayers of New York,” White House spokesperson Harrison Fields told The Epoch Times. “Growing the public sector is not President Trump’s definition of job creation.”

*  *  *

Top sellers from last week at ZH Store:

ZH Multitool

Anza Swat Micarta Blued knife

ReadyWise Heirloom Seed Vault

IQ Colostrum

ZH Coffee + Tumbler deal (buy 2 bags, get free tumbler)

If you’ve read this far, use coupon code THANKYOU10 for 10% off

*  *  *

New York is the latest state to reach out to Washington’s displaced federal workers. Maryland and Virginia, home to many of the affected individuals, have also put out their own recruitment and support campaigns.

Maryland Gov. Wes Moore, a Democrat, said on Feb. 28 that his administration is streamlining the hiring process to help displaced federal workers secure new government jobs. This initiative builds on an online job portal launched two weeks ago, designed to match former federal employees with available positions.

In Virginia, Gov. Glenn Youngkin, a Republican, has launched a new job website connecting job seekers to 250,000 available positions, including opportunities at companies such as LEGO, Micron, Amazon, Capital One, Liebherr Mining Equipment, and Electro-Mechanical.

The Virginia Employment Commission is also offering job placement support. The commission’s maximum unemployment benefit is $387 per week.

Youngkin announced the initiative while expressing support for the Trump administration’s federal agency overhaul.

“I actually have extraordinary empathy for the fact that there are many workers in Virginia today—from our federal workforce—who are experiencing real concerns,” he said at a Feb. 24 press conference.

“We have a federal government that is inefficient, and we have an administration that is taking on that challenge of rooting out waste, fraud, and abuse and driving efficiency in our federal government. It needs to happen.”

Tyler Durden
Mon, 03/10/2025 – 14:20

Democrats Suddenly Embrace Free Speech After “Radical Foreign Pro-Hamas Student” Arrested, Stripped Of Green Card Ahead Of Deportation

Democrats Suddenly Embrace Free Speech After “Radical Foreign Pro-Hamas Student” Arrested, Stripped Of Green Card Ahead Of Deportation

A civil rights debate has ensued following the Saturday arrest by the Department of Homeland Security (DHS) of Mahmoud Khalil – a recent Columbia University graduate who has been described as a ‘ringleader’ in last year’s campus chaos in which activists took over Hamilton Hall, which led to an NYPD raid and mass arrests (which Manhattan DA Alvin Bragg dismissed).

Prior to coming to Columbia, Khalil “was a political affairs officer with UNRWA,” which the Trump administration just pulled the plug on, and which has been accused of ‘grooming terrorists.’

According to Zeteo.com, around 8:30 PM on Saturday, Khalil and his pregnant wife had just unlocked the door to their residence when two plainclothes DHS agents ‘pushed inside behind them,’ did not identify themselves at first, and then detained Khalil. They reportedly told his wife that if she did not leave her husband and stay in their apartment, they would arrest her too.

The agents claimed that the State Department had revoked Khalil’s student visa, with one agent presenting what he claimed was a warrant on his cell phone. But Khalil, according to advocates, has a green card. Khalil’s wife went to their apartment to get the green card.

“He has a green card,” an agent apparently said on the phone, confused by the matter. But then after a moment, the agent claimed that the State Department had “revoked that too.”

DHS spokesperson Tricia McLaughlin confirmed in a statement that ICE had detained Khalil “in support of President Trump’s executive orders prohibiting anti-Semitism,” claiming that Khalil had “led activities aligned to Hamas, a designated terrorist organization.”

President Trump, meanwhile, said on Truth Social: “Following my previously signed Executive Orders, ICE proudly apprehended and detained Mahmoud Khalil, a Radical Foreign Pro-Hamas Student on the campus of Columbia University,” adding “This is the first arrest of many to come. We know there are more students at Columbia and other Universities across the Country who have engaged in pro-terrorist, anti-Semitic, anti-American activity, and the Trump Administration will not tolerate it.”

“Many are not students, they are paid agitators. We will find, apprehend, and deport these terrorist sympathizers from our country — never to return again.”

Secretary of State Marco Rubio chimed in on X, writing “We will be revoking the visas and/or green cards of Hamas supporters in America so they can be deported.”

According to law professor Jonathan Turley, “In the Khalil case, he was reportedly under investigation for the takeover of the Columbia building while also serving as one of the negotiators. The takeover is not protected free speech. It is unlawful conduct that can and should be punished.”

Free Speech vs. Antisemitism:

The arrest came one day after the Trump administration cut $400 million in grants to Columbia University over ‘antisemitism inaction,’  after members of the US Joint Task Force to Combat Anti-Semitism notified Columbia University’s Acting President of a comprehensive review of the university’s federal contracts and grants amid ongoing investigations under Title VI of the Civil Rights Act. 

The review follows reports of “chaos” and “anti-Semitic harassment” on campus since Hamas’ attack on Israel in October 2023.

As Zeteo notes further; 

In February – after Columbia president Katrina Armstrong met with Israel’s education minister, where they discussed taking firmer action on campus speech – Columbia’s Barnard College expelled three students for political activism for the first time since the 1968 protests. This week – as the school welcomed former Israeli Prime Minister Naftali Bennett, who once said, “I’ve killed many Arabs in my life, and there’s no problem with that,” to campus – NYPD arrested nine students involved in a campus sit-in.

Needless to say, this arrest has sparked a brewing debate over free speech (which the left suddenly embraces after years of silencing conservatives) vs. anti-American/Israel activities which included a violent riot.

Reps. Ilhan Omar (D-MN) and Rashida Tlaib (D-MI) slammed the arrest on X, calling it “un-American” and “straight out of the fascist playbook,” while calling for Khalil’s release.

Do anti-Israel protesters, even ‘pro-Hamas’ individuals, pose a danger to Americans or US national security?

How should authorities respond to ‘ringleaders’ of protests that turn into chaos on college campuses?

And are these protests being funded by terrorist-affiliated groups, or George Soros?

Discuss below…

Tyler Durden
Mon, 03/10/2025 – 13:20

Commerce Secretary Says Trump Will Not Ease Up On Fentanyl-Related Tariffs

Commerce Secretary Says Trump Will Not Ease Up On Fentanyl-Related Tariffs

Authored by Jacob Burg via The Epoch Times (emphasis ours),

Commerce Secretary Howard Lutnick said on March 9 that President Donald Trump is likely to maintain his tariff pressure on Mexico, Canada, and China regarding their role in fentanyl trafficking into the United States.

Shipping containers are stacked at the Port of Long Beach in Long Beach, Calif., on March 5, 2025. Frederic J. Brown/AFP via Getty Images

“If fentanyl ends, I think these will come off. But if fentanyl does not end, or he’s uncertain about it, he will stay this way until he is comfortable,” Lutnick said in a Sunday interview with NBC’s “Meet the Press.”

“This is black and white. You got to save American lives.”

Lutnick added that 25 percent tariffs on steel and aluminum imports will take effect as scheduled on March 12. Both Canada and Mexico are leading exporters of the metals to the United States, with Canada responsible for most aluminum imports.

The commerce secretary also dismissed fears that the president’s global tariffs will lead to a recession in the United States.

“Absolutely not,” he said. “There’s going to be no recession in America.”

The tariffs will lead to higher prices for Americans on certain foreign-made goods, Lutnick said.

“Some products that are made foreign might be more expensive, but American products will get cheaper, and that’s the point,” he said.

While Trump resumed 25 percent tariffs on Mexico and Canada on March 4, he granted a one-month delay for any automakers that comply with the United States–Mexico–Canada Agreement (USMCA).

Additionally, oil and energy from Canada covered under that agreement will also be exempt from tariffs, while roughly 50 percent of goods leaving Mexico will remain subject to the 25 percent import tax.

“After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement,” Trump announced on Truth Social on March 6.

Canada has also modified its counter-tariffs on the United States, leaving $30 billion worth of tariffs it levied on American goods in place, but will be halting a planned second round of $125 billion in tariffs, Canadian Finance Minister Dominic LeBlanc said.

That remaining round of tariffs has been postponed until April 2, the same day that Trump’s partial tariff exemption for Canada is set to expire.

Meanwhile, individual Canadian provinces are moving forward with their own tariffs.

Ontario is continuing with a 25 percent tax on electricity sent to roughly 1.5 million customers in three northern U.S. states beginning next week, Premier Doug Ford told Fox News in a March 6 interview. The province has also removed American alcohol from its provincially run liquor stores, is banning U.S. procurement contracts, and is canceling Ontario’s $100-million contract with tech billionaire Elon Musk’s Starlink internet service.

British Columbia has also removed American-made alcohol from its liquor stores and instituted a government-wide directive to limit buying American products.

Jennifer Cowan, Emel Akan, and Reuters contributed to this report.

Tyler Durden
Mon, 03/10/2025 – 13:00

“CBP Home”: Trump Admin Auto-Updates Biden’s ‘CBP One’ App For Self-Deportations

“CBP Home”: Trump Admin Auto-Updates Biden’s ‘CBP One’ App For Self-Deportations

The Trump administration has repurposed the controversial Biden-era ‘CBP One’ cell phone app into a self-deportation app called “CBP Home,” according to Fox News’ Bill Melugin.

Illegals who still have the CBP One app on their phones will receive an auto-update to the new app, while DHS can use data from prior CBP One registrations to track migrants for removal.

The new app allows illegal aliens and migrants in the US to register with CBP to self deport. They fill out biographical information, including their countries of citizenship, which country they plan to return to, their alien registration numbers, contact information, and it allows them to upload photos of themselves to confirm their identity. All of it is then submitted to CBP, and they leave the country. -Bill Melugin via X

“The CBP Home app gives aliens to option to leave now and self-deport, so they may still have the opportunity to return legally in the future and live the American dream. If they don’t, we will find them, we will deport them, and they will never return,” said DHS Secretary Kristi Noem. “The Biden administration exploited the CBP One app to allow more than one million aliens to enter the United States. With the launching of the CBP Home app, we are restoring integrity to our immigration system.”

According to DHS, it is significantly cheaper for the US if illegal aliens choose to self-deport, allowing the agency’s limited ICE resources to focus on targeting criminal aliens.

CBP data shows that roughly 40-50 thousand migrants were entering the US each month via the CBP One app during the Biden administration.

 

Tyler Durden
Mon, 03/10/2025 – 12:20

Top Streamer Warns Violent Threats On Reddit Will Lead To Real ID For The Internet

Top Streamer Warns Violent Threats On Reddit Will Lead To Real ID For The Internet

Authored by Paul Joseph Watson via Modernity.news,

Top streamer Asmongold predicts that the sheer amount of violent threats being posted on Reddit will grease the skids for an Internet ID system that will end online anonymity.

Since Donald Trump took office, the far-left website has seen a massive uptick in threats of violence targeting Trump, people in his administration and conservatives in general.

Last month, Reddit temporarily banned multiple pages after users began posting threats aimed at staff working for the Department of Government Efficiency (DOGE).

“Time to hunt,” one user posted, while another asserted, “Lets drag their necks up by a large coil up rope.”

According to popular streamer Asmongold, the deluge of threats will provide a pretext for the government to mandate tying a person’s real identification to their online user accounts.

“You have people that are upvoting and glorifying political violence all over this website and it’s completely become a radical terrorist breeding ground, like it’s actually insane how bad this is,” said the YouTuber.

He noted that the threats have escalated since UnitedHealthcare CEO Brian Thompson was shot and killed by Luigi Mangione, who has become an icon for many on the extreme left.

Asmongold highlighted the irony of far-leftists spending years lobbying for mass censorship of conservatives then complaining when it gets used against them.

“Reddit is a very censorial website, they constantly ban people for things that are wrongthink…now these people are on the receiving end of it and they’re crying about free speech, but they were never crying about free speech when people they disagreed with were getting banned,” he said.

“It’s getting real bad, these people are speed running Internet Real ID, I just hope that they understand that,” said Asmongold, in reference to a system in dictatorships like China where Internet use is only permitted via a government ID which can be revoked at any time.

The streamer said that the “perfect amount of moderation” should be speech in line with First Amendment that is legal, in addition to banning any incitement to violence or doxxing.

“You just follow the law and you ban people based off of things they say that break the law,” said the YouTuber.

Asmongold said far-leftists spewing violence think they are “rebel heroes” but that “the only people they’re going to be heroes for is the government because the deep state government people are going to be able to justify a Real ID on the Internet.”

He added that if there are more terror attacks of a similar nature to the assassination of Thompson, “We’re absolutely gonna get Real ID on the Internet.”

*  *  *

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden
Mon, 03/10/2025 – 12:00

Over 8,000 Syrian Alawites Flee To Russian Base Amid Jihadist Killings: ‘We Need Russian Protection’

Over 8,000 Syrian Alawites Flee To Russian Base Amid Jihadist Killings: ‘We Need Russian Protection’

A new wave of refugees are fleeing Syria amid several days of sectarian-driven killings mainly targeting Alawites, and in some cases Christians, along the coastal areas in Tartus and Latakia governates.

Fresh reports say that over 10,000 Syrians have entered the Lebanese region of Akkar as nearly 20 villages have opened up to the displaced. More are said to be headed further south to the large Lebanese city of Tripoli.

SANA/AFP

Though Tripoli has long been Lebanon’s Sunni stronghold, one of its neighborhoods, Jabal Mohsen, has a large Alawite population – where many of the refugees are believed headed, possibly connecting with friends or relatives as well.

However, this could create new tensions in Lebanon, given that historically Lebanese and Syrians don’t get along very well, and economically depressed Lebanon can’t handle thousands more refugees settling within its borders.

Tripoli has in recent history seen its share of sectarian clashes, and Sunni radicals there are likely to resist a mass new influx of Alawites from Syria.

Currently there is some evidence that more jihadists are traveling to the Syrian coast to continue their ethno-religious cleansing campaign, despite public statements of the Jolani regime calling for an end to the attacks. Some pundits suspect that the killings have Jolani’s tacit approval.

They attackers are a mix of ruling Hayat Tahrir al-Sham (HTS) soldiers, as well as foreign fighters. Of course, the foreign fighters are allied with their follow Sunni radicals in HTS.

There have been reports of roads strewn with corpses…

Latakia and Tartus are the coastal heartland of Syria’s minority Alawite sect, which is also where the Alawite Assad family is from.

When large-scale Sunni Islamist attacks on Alawite villages began last Thursday and Friday, families desperate to flee the onslaught began seeking shelter at Russia’s Hmeimim airbase. 

Russian media cameras have been at Hmeimim and have confirmed that shelters have been set up for the thousands of displaced – who in many cases are afraid to return to their homes.

Below is a report from RT, documenting the large numbers of families seeking Russian protection amid the jihadist attacks…

Weekend reports said that over 1,000 civilians have died, with independent sources saying the death toll could be in the several thousands. In many villages, there are no cameras or media to document the killings, though in many cases the attackers themselves are filming their own atrocities.

Tyler Durden
Mon, 03/10/2025 – 11:20

X Suffers Outage Nationwide

X Suffers Outage Nationwide

The website tracker DownDetector shows a surge in users reporting that Elon Musk’s X platform is down.

DownDetector users comment on the outage…

Here on the US East Coast, the X-Pro tool is down. 

Outages and disruptions on X started about 10-15 minutes ago (or about 0945 ET). 

It has been a while since X suffered nationwide disruptions. 

The outage comes hours after Secretary of State Marco Rubio announced the massive USAID cut… 

*This is a developing story… 

Tyler Durden
Mon, 03/10/2025 – 10:05

Rocket To Buy Redfin For $1.75 Billion: “Accelerating Purchase Mortgage Strategy”

Rocket To Buy Redfin For $1.75 Billion: “Accelerating Purchase Mortgage Strategy”

Detroit-based fintech firm Rocket Companies, which operates in mortgage, real estate, and personal finance, has expanded into the real estate services industry by entering into an agreement to purchase Redfin Corp. The all-stock deal, valued at $1.75 billion, will give Rocket a top real estate listing platform and further integrate its services for homebuyers. 

Rocket’s all-stock deal to purchase Redfin is valued at $12.50 per Redfin share, or $1.75 billion in equity. This represents a 75% premium over Redfin’s closing price on Friday.

In premarket trading in New York, shares of Redfin jumped from Friday’s closing price of $5.82 to as high as $10.80 per share. About 15.19% of the float is short, or about 18.5 million shares – days to cover around 3.6. 

Rocket CEO Varun Krishna commented on the deal: “Rocket and Redfin have a unified vision of a better way to buy and sell home. Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers.”

“Rocket and Redfin’s approaches to lending and brokerage service have always been two halves of one vision to make the whole homebuying process magical,” said Glenn Kelman, CEO of Redfin. 

Kelman explained, “We want a customer to be able to check her phone to find out what she can afford, see which homes are just right for her, schedule a tour with a local, expert Redfin agent, and get pre-qualified for a loan, all in a matter of minutes. Varun and I see how much better real estate could be when AI guides customers not just through that first step in their search, but all the way home, through the sale, the loan and then a lifetime of accumulating equity and wealth.”

Rocket outlined the benefits of acquiring Redfin:

  • Introduce more consumers to the Rocket ecosystem: Rocket Companies will benefit from Redfin’s nearly 50 million monthly visitors, 1 million active purchase and rental listings and staff of 2,200+ real estate agents across 42 states – with Redfin agents ranking in the top 1% of agents working at any nationwide brokerage.

  • Drive Rocket’s purchase mortgage growth: The transaction will generate significant revenue synergies across search, real estate brokerage, mortgage origination, title and servicing. Rocket will match homebuyers with the best real estate agents and the best loan officers across the combined companies. In 2024, Rocket saw an 8% year-over-year increase in purchase market share and aims to further accelerate growth through this acquisition.

  • AI, technology and personalization at scale: With more than 14 petabytes of combined data, Rocket gains unparalleled consumer insights, including information about homebuyers, seller and agents across a data repository of 100 million properties. This data will strengthen Rocket’s AI models enabling easier and more personalized and automated consumer experiences.

  • Achieve significant synergies and earnings accretion: Rocket expects the combined company to achieve more than $200 million in run-rate synergies by 2027, including approximately $140 million in cost synergies from rationalization of duplicative operations and other costs. In addition, Rocket expects more than $60 million in revenue synergies from pairing the company’s financing clients with Redfin real estate agents, and from driving clients working with Redfin agents to Rocket’s mortgage, title and servicing offerings. The transaction is expected to be accretive to Rocket Companies’ adjusted earnings per share by the end of 2026. Rocket Companies will maintain its strong balance sheet and conservative leverage profile upon close of the transaction.

The deal comes as the housing market is off to a slow start this spring selling season, with a 30-year fixed mortgage rate hovering near 7%.

On the bright side, rate traders are pricing in three 25 bps interest rate cuts by the end of the year, driven by growth concerns, DOGE, immigration, and trade.

Meanwhile, elevated mortgage rates and record-high home prices have created the worst homebuying conditions in a generation. However, that could change if growth scares get more pronounced, and in return, rates begin to slide lower. 

Tyler Durden
Mon, 03/10/2025 – 10:00