Friday, May 20, 2022
Did Rome Accept the Canons of Trullo?
Tuesday, May 17, 2022
'The New York Times' can't shake the cloud over a 90-year-old Pulitzer Prize
Friday, May 13, 2022
Texas Opens a Constitutional Can of Worms
Thursday, May 12, 2022
Crypto currencies hammered by heavy selling
Friday, May 06, 2022
Financial Markets Take a Hit
April's southward drift has continued in May as all three major stock indices fell yesterday by more than 3%. The tech heavy NASDAQ was down by 5% following the Fed's decision to raise their fund rates by a half percentage. The Fed Rate remain below 1% with inflation officially clocking in at 8.5%. Bond yields continue to rise which means currently held bonds are losing value. The yield on the ten year US bond is now slightly over 3%. In 2020 the yield fell below .5%. Oil remains firmly over $100/barrel and metals have been sluggish amid expectations of further interest rate hikes. Bitcoin fell sharply and as of this post is trading under $36k. Broadly speaking Wall Street seems to be less than impressed by the Fed's actions to curb inflation and the expectation is that even if inflation peaks, it is likely to remain high in the near to intermediate term. Some observers have noted that according to the Taylor Rule, interest rates should be near 10%. But a move that high would almost certainly plunge the country into a severe recession. It now appears that with the inflation genie out of its bottle, getting it back in is going to be both challenging and painful.
Thursday, May 05, 2022
Bank of England raises interest rates amid warnings of recession and 10% inflation
Wednesday, May 04, 2022
Jim Grant on bonds, interest rates and inflation
Monday, May 02, 2022
Leaked Draft Indicates Roe v Wade Will be Reversed
Saturday, April 30, 2022
Quote of the day...
Thursday, April 28, 2022
Elon Musk
Is he really that bad? I confess that I have some decidedly mixed feeling about him. On the one hand I think he is a genius and his electric cars are probably making the world a better place. On the other hand I think he can be a flake and those electric cars always left me feeling like I was trapped in somebody's Play Station. On which note, I wonder how many of these woke scolds that are decrying Musk as the living incarnation of Old Scratch, are also driving one of his cars.
And then there is this. Sometimes the jokes write themselves.
HT:Brian
Wednesday, April 27, 2022
One of the best investments of the last 12 years
Sunday, April 24, 2022
Holy Pascha, Matins, Divine Liturgy, April 24th, 2022
CHRIST IS RISEN!
Holy Pascha, Midnight Office, Procession, Matins
Saturday, April 23, 2022
Hours, Typica, and Vesperal Liturgy for Great & Holy Saturday
Friday, April 22, 2022
Vespers for Great & Holy Friday
Thursday, April 21, 2022
Wednesday, April 20, 2022
Thursday, April 14, 2022
Ukraine: The latest news
- The European Union is reportedly giving serious consideration to a full embargo of Russian oil, an act hitherto considered politically untenable because of the severe effects it could have on Europe's economy.
- The Russian cruiser Moskva, flagship of the Black Sea Fleet, has been severely damaged and at least temporarily abandoned. Ukraine claimed last night to have struck the vessel with missiles while Russia has since acknowledged severe damage but claimed it was the result of an accidental fire that set off ordinance. (Setting aside the Kremlin's credibility gap, as a former sailor in the USN I am highly skeptical that this was an accident,) It is unclear if the ship is still afloat.
- Rumors are flying of a Kremlin purge within the senior ranks of the armed forces and intelligence services. For obvious reasons, hard and verifiable details are not easy to come by.
- The US and NATO allies are believed to be shipping much heavier weapons to Ukraine, including artillery, armored vehicles, and some battlefield missiles.
- Evidence of mass atrocities committed by the Russian army and security services in areas under their occupation continue to mount.
- It has been reported that as many as 15 dioceses of the canonical Ukrainian Orthodox Church have ceased commemorating Patriarch Kyril of Moscow. The damage done to the reputation and position of the Russian Orthodox Church as a result of its endorsement of Russia's invasion, both in Ukraine and globally, is difficult to overstate.
- The UN is reporting severe disruptions to global food supplies that could have catastrophic consequences in underdeveloped parts of the world due to untenable levels of food inflation.
Tuesday, April 12, 2022
US Inflation Rate is 8.5%- Highest since 1981
Tuesday, April 05, 2022
World may be on cusp of new inflationary era, says central bank chief
Friday, April 01, 2022
More News from Rome (and none good)
Oberlin College Loses Defamation Appeal
Thursday, March 31, 2022
Russia's Brain Drain
Sunday, March 27, 2022
Hours and Divine Liturgy, Sunday of the Holy Cross
Saturday, March 26, 2022
Russia Asserts Right to Use Nuclear Weapons
Tuesday, March 22, 2022
The latest war news
- US military sources are reporting that the Russian Army has suffered severe degradation in Ukraine. Intelligence believe that conservatively 10% of the initial invasion force has been killed, wounded or taken prisoner. Losses in equipment, including tanks and armored personal carriers are even higher as a percentage.
- Fears that Russia may be considering use of poison gas remain high. However, there is no evidence that such an attack is imminent.
- The US Government claims that more than 2,000 Ukranian children in the Russian occupied areas of eastern Ukraine have been abducted and forcibly transported to various parts of Russia.
- A source within the Russian Security Service (FSB) has released documents which, if legitimate, indicate that the Russians are planning a campaign of ethnic cleansing within areas occupied by the Russian military. This would include mass forced deportations of civilians to Russia and the summary execution of anyone connected to pro-Ukranian groups or demonstrations.
- The Ukrainian Army has launched a counter offensive which has driven back the Russian Army in a number of locations. The Ukrainians claim to have liberated the city of Mykolaiv near the capitol city of Kyiv. Meanwhile US sources report that the Russians have pressed into the city of Mariupol which has been devastated in a weeks long siege. Much of the city has been destroyed and there are reports of hundreds or more corpses littering the wreckage unburied. Many of them civilians.
- The supply and logistics situation within the Russian Army operating in Ukraine continues to deteriorate. In some units, food and ammunition are at critically short levels.
- Russian opposition leader Aleksei A. Navalny has been convicted of additional charges of fraud and contempt of court and sentenced to a further nine years in prison. The proceedings have been more or less universally described as a kangaroo court.
- At least one in five Ukrainians have been displaced by the war. More than three million have fled the country.
Sunday, March 20, 2022
Ukrainians are being kidnapped
Multiple sources are reporting that the Russian Army is forcibly deporting thousands of Ukrainian civilians to Russia.
Tuesday, March 15, 2022
A Memorandum on the Next Conclave Is Circulating Among the Cardinals
HT: Dr. Tighe
Monday, March 14, 2022
Lloyds and DNV withdraw Certification from all Russian Ships
These are two of the world's largest entities that certify ocean going vessels, including super yachts, for insurance purposes. What this means, is that any Russian ships certified by either of these entities may now be operating without insurance. This is a bit complicated as there are other certifiers, but these are the two used by the vast majority of ships and luxury yachts. In order to enter ports and refuel, most ships are required to show evidence of insurance. I'm not certain if this applies to all vessels owned by Russian entities or just Russian flagged ships. But this has the potential to be highly disruptive.
Update: At least one source is suggesting this is primarily being done to vessels owned by sanctioned persons, which would mostly limit it to luxury super yachts owned by Putin's cronies. More than a few of which have suddenly left their ports and turned off their satellite tracking beacons, which is against maritime law.
Saturday, March 12, 2022
The Economic Consequences of Putin's War
Sunday, March 06, 2022
On the eve of the Great Fast
I beg forgiveness for any injury I may have caused, especially through this blog. No blogging until after Clean Wednesday.
Oil Surges
In overnight trading as of this posting...
Oil futures are at $126/barrel of West Texas Crude. That's the highest level since 2008.
The yield on the 10yr US Bond has fallen to 1.7%.
Gold has risen to 1,992/oz. Silver is at 26.15/oz
Bitcoin, after briefly rising to $43,000 as Russians were buying anything where they thought they could stash cash not subject to sanction or crippling inflation has retreated to a little over $38,000.
US stock futures are currently down about 1.2%.
Saturday, March 05, 2022
Finally something amusing from Ukraine
From Rod Dreher. (Adult language)
I don't think the civilized world has cheered this loudly for a country under attack by a powerful predatory neighbor since Belgium in 1914.
Thursday, March 03, 2022
Russia Prepares Law Against "Fake" News on War in Ukraine
The law, expected to be voted on tomorrow, makes it a criminal offense punishable by 15 years in prison to spread false news or reports on the war in Ukraine. The last two independent media outlets in Russia have both announced they are suspending operations.
Monday, February 28, 2022
METROPOLITAN ONUPHRY APPEALS FOR PENITENTIAL PRAYER AND AN END TO THE “FRATRICIDAL WAR”
The Russian Economy Has Been Nuked
Sunday, February 27, 2022
AXIOS
Saturday, February 26, 2022
Thousands of young Russian men flee to US
What's the difference between the UN and the League of Nation?
Russian Bonds Downgraded
Friday, February 25, 2022
Wednesday, February 23, 2022
Russia Invades Ukraine
Russia launched a large-scale military operation tonight with the stated object of "demilitarizing and de-nazifying Ukraine." The irony being that Putin has been employing Hitler's playbook from 1938-39, almost verbatim.
Tuesday, February 22, 2022
Russia Moves Against Ukraine
- Russian President V.V. Putin has announced formal recognition of two separatist regimes in Eastern Ukraine. Both have been widely described as puppet regimes of the Kremlin.
- Mr. Putin has ordered Russian troops to enter those self-proclaimed states for the purpose of "peace keeping."
- Russia's formal declaration recognizes all of the claimed territory of the two secessionist groups, including large swaths of territory held by the Ukrainian government.
- In a speech to the Russian nation Mr. Putin questioned the legitimacy of Ukraine's existence as an independent state.
- Mr. Putin has requested and received permission from the Russian Duma to deploy troops outside of Russia. The request was made in response to Russian claims of mass genocide being perpetrated by the government in Kyiv against ethnic Russians. Those claims have been emphatically denied by Ukraine and received with ridicule by the international community.
- Mr. Putin has issued a series of demands to Ukraine that include formal Ukrainian recognition of Russian sovereignty over Crimea which Russia seized in 2014, that Ukraine adopt a policy of what Moscow termed "strict neutrality" including a permanent pledge never to join NATO, and a formal demand that Ukraine effectively disarm itself and surrender all heavy weapons including any arms supplied by the United States or other powers. Presumably they would have to be surrendered to Russia.
Friday, February 11, 2022
Ukraine
Lord have mercy.
Thursday, February 10, 2022
Britain: National Power Grid to tap electric cars when in need of extra juice
Sunday, February 06, 2022
Tuesday, February 01, 2022
Catholics Debate: Regional Managers or Successors to the Apostles?
Psychic Con Artists
What does it take for someone to impersonate a dead teenager to the grieving mother of the deceased? For M Lamar Keene, a prominent Tampa-based medium in the 1960s and 70s, it was a cinch – all it required was a cocktail of cunning, charisma and sheer audacity. In front of the congregation of his spiritualist church, Keene would enter a trance state and appear to speak as the deceased 17-year-old, Jack, and ask Jack’s mother, Lona, to donate thousands of dollars to the church. One day, Lona asked Jack about the secret name he used for her, to prove it was really him, and Keene was stumped – until he attended a gathering at her house and feigned a headache. While pretending to rest in her bedroom, he searched her belongings and found the name scribbled in a family Bible: “Appleonia”. He pulled it off.
Keene confessed to being a conman in his 1976 book, The Psychic Mafia. Jack and Lona’s was just one of many audacious cases he revealed in the exposé, which shook the world of spiritualism so much that it led to an attempt on his life. Someone took a shot at him on his lawn but missed, leaving a bullet in the side of his house. In the book, Keene described how mediums shared client information so that they could conduct “hot readings” based on solid facts. He recounted how they would steal jewellery from clients for a few months, only to pretend a dead family member’s spirit had made it reappear (which usually resulted in generous tips). Ultimately, he confirmed that mediums formed a vast network to fraudulently monetise people’s grief. So why did Keene – the so-called Prince of the Spiritualists – choose to blow the whistle on everyone?
Read the rest here.
Tuesday, January 25, 2022
Crypto’s gold standard claims are fading fast
The US-focused shakeout in financial markets has at least given us clarity on one point: bitcoin is not “digital gold” or a “store of value”, to mention two grand claims made about the cryptocurrency when its price was going up.
Monday, January 24, 2022
Quote of the day...
Saturday, January 22, 2022
Pope Benedict XV is Dead (1922)
Friday, January 21, 2022
Crypto Crash
The latest (as of posting time) in the seemingly endless chain of crashes, punctuated by suckers rallies in the crypto markets. Bitcoin down -14%, Etherium -18%, Ripple -15%, Litecoin -17% since midnight.
Friday, January 14, 2022
Russia reportedly preparing false flag operations in Ukraine
Thursday, January 13, 2022
Prince Andrew is stripped of military honours and patronages
HM The Queen has stripped Prince Andrew, the Duke of York, of all his honorary military titles and royal patronages. Additionally, he is no longer permitted to use his HRH, according to an announcement from the Palace. The announcement stated that the Duke will defend himself in his current court case as a private citizen.
I have up to now refrained from commenting on this sordid business, but I think this worth noting. My only response is that this is as welcome as it is overdue.
Saturday, January 08, 2022
Christmas Liturgy from Bethlehem
Thursday, January 06, 2022
Manhattan's new DA will seek jail sentences only for 'most serious crimes'
Saturday, January 01, 2022
Happy New Year
So; happy new year everybody. If the blog looks a little off, or it looked really weird earlier, it's because I had a massive brain fade this morning. While tinkering a bit with the layout in preparation for adding a few links, I accidentally deleted a large chunk of the side bar. If you think you faintly heard someone from the far side of the country screaming words and phrases typically associated with angry and or drunken sailors, it was probably me. I have since discovered that blogspot does NOT cache or save earlier versions of your blog. So, I spent a good deal of my day going through the waybackmachine that, thank G-- does preserve, and manually rebuilding my sidebar one link at a time.
Here's hoping this is not an omen for how 2022 is going to go.
Thursday, December 30, 2021
Woodrow Wilson
If you're a fan of Mr. Wilson, I suggest you skip this. Or, take a valium before watching. FTR I don't rank him as the worst president. But he is definitely in the bottom tier. I think he did a lot more harm than his much maligned successor, Warren Harding.
Tuesday, December 28, 2021
Russian court orders closure of country’s oldest human rights group
Quebec prepares strict law promoting French over English
Friday, December 24, 2021
Hierarchal Royal Hours and Vesperal Divine Liturgy of St. Basil, December 24th, 2021
Wednesday, December 22, 2021
Arrests, Beatings and Secret Prayers: Inside the Persecution of India’s Christians
Saturday, December 18, 2021
Pope Francis' new attack on Catholic traditionalists
As predicted in a recent post, the pope has launched the next phase of his war on Catholic traditionalists. Among the new rules are draconian restrictions on the traditional rites for baptism, confession, marriage, and holy unction. The traditional rites for confirmation and ordination to holy orders are now prohibited entirely. Cleary Francis wants to drive these people out of the Catholic Church. This is a man without charity and who believes that he is the absolute master of the liturgy and the rites of his church. That is a dangerous combination.
How could anyone who is Orthodox contemplate entering into any kind of communion with a church that holds such beliefs and wages war on its own faithful?
ANAXIOS!
Thursday, December 16, 2021
Archbishop Makarios: The Orthodox Church cannot exist without the Ecumenical Patriarchate
Wednesday, December 15, 2021
The Russian Church throws cold water on union with Rome
Tuesday, December 14, 2021
Pope John Ireland? (updated)
Saturday, December 11, 2021
Christmas During the Ancien Régime
Christmas at the French court when France was still Christian.
Friday, December 10, 2021
Apologies
I just noticed several comments that landed in my spam folder and they have now been published. Sorry for the delay.
Inflation is near 40 year high
Thursday, December 09, 2021
China Faces Massive Corporate Default
New Zealand Embraces Prohibition
Tuesday, December 07, 2021
Ireland Gains Freedom
100 years ago