Here, have another witch hunt? Unable to come up with “collusion” or even an obstruction of justice charge, democrats are now pinning their hopes on the incoming New York state attorney general.

Gotham media, like the NY Times are bashing away, in concert with the newly forming New York lynch mob in stories like “Trump Family Sues to Stop Banks From Complying With Subpoenas.”

What bothers us about the NBC news story “Incoming New York attorney general plans wide-ranging investigations of Trump and family: Just-elected Letitia James, who takes office next month, tells NBC she will probe real estate deals, Trump Tower meeting, emoluments, Trump Foundation and more.,” is that “justice” has again been suborned to “just us” as in “just us democrats.”

We will modestly propose that in order to keep up the charade of “equal justice under the law” Ms. James also begin an investigation with equal vigor into the other bad choice in the 2016 election and her foundation which is also a NY domiciled entity.

If she is incapable of looking at both foundations (Trump AND Clinton), then around here we will revert back to calling out Digital Mob Rule in general and decry the antics of The New James Gang as leaders of the pack.

Housing Data Looms

We will have the highlights of the Case Shiller/S&P, CoreLogic report up about 8:15 Base Time.

“Base time?”  Why, sure!  To my way of thinking, the East Coast (and Eastern Time) have been all too influential in the operation of America.

Take the stock market, for example:  Who are the “exchange bosses” who set 9:30 AM in their time zone which means people “out west” have to be online at 6:30 AM if they want to trade the opening (amateur) hour in the market?

In fact, Time Zone roulette almost tripped up the Major when he flew out yesterday.  His ticketing agency sent him a reminder at the last minute that he was due wheels up out of Tyler, Texas at 8:05 AM yesterday.

A quick call to Brand X airways revealed that no, the scheduled 10:05 AM departure was still on schedule.

What had happened was simple-enough:  The Major’s phone was reporting the departure as Pacific Time, not Central Time.  D’oh!

Oh, and Base Time?  I figure New York and Washington are far-enough out of touch with the rest of America, that we could extend the Central Time Zone west several hundred miles because the American Base persists into the Rockies and as far west as the Sierra Nevada’s.

Similarly, Ohio (reports my consigliere) is also under the thumb of rich eastern fat cats who “own” Eastern Time.  Anything west of Pennsylvania’s eastern border really ought to be in Base Time, as well.

In the Base Time, a slightly different set of laws and rules could be applied:  People might want to rethink  “open borders” and imagine what having open borders would have done to France and England in pre World War II times if “open borders” for Germans had been allowed.

Or, in the case of the James Gang Judicial Lynch Mob, perhaps in the Base Time Zone, political witch-hunting could me statutorily applied equally to all three parties:  The socialists, the democrats (pending the completion of their merger) and the republiclosts.

Just an idea whose (bad pun alert) time has come.  Or, we all switch to UTC.GPS Global Time.

Meantime, back to Trump-Hunt 1, we notice that Deputy Attorney General Rosenstein resigns effective May 11th.

What will be telling is the kind of job he takes next.  If it’s with a big, liberal law firm, that would have one set of implications about the “investigation.”  But, if he joins a “conservative” firm, perhaps another.  We’ll keep checking on this one.

Daily Data Disco

Employment “costs” just out:

“Compensation costs for civilian workers increased 0.7 percent, seasonally adjusted, for the 3-month period ending in March 2019, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.7 percent and benefit costs (which make up the remaining 30 percent of compensation) also increased 0.7 percent from March 2018…

In the right-side chart, see how benefits (blue line) is dropping?

Also on the dance card today:  Federal [Reserve] Open Market Committee (ergo FOMC) begins today and will announce (with about 90% probability) that there won’t be a rate hike this time around.  We snicked at the organization labeling itself “reserve” with those were all blow decades ago.  But, maybe they keep printing ink and fancy paper with electro-strips in reserve.  ‘Zat the deal?

Gotta Know’s

Oil was up almost 1.5% in early trading today.  Key points: OPEC supply squeeze seen supporting higher oil prices: Reuters survey.  And Iran says it will keep exporting oil despite U.S. pressure.

Terror plot foiled? “Vegas” post sparked FBI probe of Army vet accused of terror plot.

Smart cars going “Gremlin?” Smart to end U.S. sales this year.

Legal costs may crunch Bayer as Roundup cancer cases could cost Germany’s Bayer billions.

May-Day, May-Day

Moscow Marches Toward Victory Day Parade.

Warhammer: Pretend the Sky is Falling

Good stuff here:

“As with large scale international (aka Combined) military maneuvers, NASA & ESA’s scenario-driven asteroid exercise will surely end up costing a lot of taxpayer money to confront a ‘hypothetical asteroid’ approaching Earth.

If the money spent is deemed worthwhile, then logic dictates the threat must be real.   Perhaps Oumuamua, the interstellar interloper that recently passed through our solar system, is being viewed as a sentinel for a potentially much larger scale ingress of Earth threatening extra-solar space projectiles.

Updates to the fictional asteroid scenario will be provided on ESA’s Twitter account from 29 April to 3 May.

I’m no Chicken Little, but something points to NASA and ESA hinting that “the sky is falling,” or soon will be! “

Couple this exercise with the anti-gravity patents we just covered on the Peoplenomics side and something like the “external threat” from Report from Iron Mountain softly materializes…

OK, more coffee and then back with Housing data…