THE CHINA SYNDROME: China’s property support measures disappoint.

Shares of Chinese developers wobbled on Monday as investors fretted that China’s “historic” steps to stabilise its crisis-hit property sector fell short of what is required to foster a sustainable turnaround in demand and confidence.

Hong Kong’s Hang Seng Mainland Properties Index (.HSMPI), opens new tab closed down 0.7%, after having gained around 18% so far this month after the Politburo said in an April 30 meeting that it would coordinate to clear housing inventory.
Embattled state-backed developer China Vanke eased 0.2%, after bouncing as much as 6.4% in the morning session. Shimao Group (0813.HK), opens new tab, R&F Properties (2777.HK), opens new tab, Kaisa Group (1638.HK), opens new tab and KWG Group (1813.HK), opens new tab were down more than 10% each.

China unveiled measures on Friday to facilitate up to 1 trillion yuan ($138 billion) in funding and ease mortgage rules, with local governments set to buy “some” apartments.

As part of those steps, the central bank said it would set up a 300 billion yuan ($41.49 billion) relending facility for state-owned enterprises (SOEs) to purchase completed and unsold homes at “reasonable prices” for affordable housing.

The central bank expects the relending programme would result in 500 billion yuan worth of bank financing.

My takeaway is that the money is too little and that depending on debt-heavy SOEs to do the lending is too much.

KRUISER’S MORNING BRIEFING: It’s Time for Biden to Get to the Basement and Stay There. “Yesterday, I mentioned that the Democrats’ flying monkeys in the mainstream media gloss over Biden’s various lies. They have finally allowed themselves admit that he’s old, but these monumental screw-ups don’t get reported on. They’re in full cheerleader mode trying to get him over the finish line in November. The propagandists can’t really keep pointing out that their standard-bearer is a slurring, babbling idiot.”

LEGALIZATION: Hospital Visits For Cannabis Poisoning Tripled Among Seniors After Canada Legalization, Study Finds. “The number of older Canadians who faced cannabis poisoning without heading to a hospital is likely higher, researchers noted, adding the study was limited to emergency room visit data. Some adults may sought medical care somewhere else or not at all, as some of the data includes a period during the Covid-19 pandemic, the study said.”

THAT’S TRUE, IF YOU’RE A HORRIBLE PERSON AND A NEW YORK DEMOCRAT (BUT I REPEAT MYSELF): New York Democrat says there’s ‘no greater enemy’ than Trump ahead of Bronx rally.

LIMITED TIME DEAL: Set of 2 Adjustable Steel Mesh Zero Gravity Lounge Chair Recliners w/Pillows. #CommissionEarned

CIVIL RIGHTS UPDATE: Texas Gun-Rights Orgs Get Big Win in Federal Court.

CHRIS QUEEN: The World Needs More Happy Warriors — And I Know Where to Find Them.

THE ENEMY WITHIN: Biden Admin Sends Iran Condolences After Mass Murderer President Killed in Helicopter Crash.

Related: Meet the Iranian Donor Bankrolling Anti-Israel Jewish Groups.

TRIED FOR AN AS-YET UNDEFINED CRIME: How can it still not yet be determined what law defines the crime?!

The real crime, of course, is simply being Donald Trump. Let’s see him talk his way out of that!

Plus:

If Trump is convicted, just ask people *what* Trump was convicted of? I’ll bet no one — not even the jurors who convicted him — would be able to state the answer correctly.

I myself can’t do it, and I have tried to understand what the crime supposedly is. I even suspect the judge and the prosecutors don’t know!

What the hell kind of conviction will this be — conviction of a crime that no one understood, based on the testimony of a huge liar?

Blue State justice.

MARGOT CLEVELAND: I Researched Judicial Ethics Rules For Years. Here’s Why The Alito Recusal Calls Are Ridiculous.

The false flag of an ethical scandal was clear from The New York Times’ spin in breaking the story on Thursday under the headline: “At Justice Alito’s House, a ‘Stop the Steal’ Symbol on Display.” From the Old Gray Lady’s header, one would think the Alitos had displayed a banner brandishing the phrase outside their home.

But no, as the article soon acknowledged, it was an upside-down American flag seen flying outside the home where Justice Alito lives with his wife. And it was his wife who raised the flag — in protest of a neighbor displaying a profane yard sign, as we would soon learn.

The Times, though, quoted supposed ethics experts, including Amanda Frost, a law professor at the University of Virginia, to frame the hanging of an upside-down flag as a public declaration of “Stop the Steal.” This is “the equivalent of putting a ‘Stop the Steal’ sign in your yard,” Frost reportedly told The New York Times.

That’s quite the leap of logic — and one even the Times’ reporters refrained from making. (Frost did not respond to The Federalist’s request for comment). The Times instead left its readers to infer the upside-down flag professed a “Stop the Steal” sentiment by noting some of Trump’s supporters had inverted Old Glory in contesting the 2020 election results.

Plus: “The Times’ Thursday hit piece ignored that advisory opinion which made clear the Code of Conduct does not control Mrs. Alito’s behavior — and neither does Justice Alito.”

YES, ISRAEL SHOULD ERADICATE HAMAS AS WE SHOULD HAVE ERADICATED THE TALIBAN. Salman Rushdie: A Palestinian State Under Hamas Would Be Another Iran or Afghanistan.

WELL, YES: Levin: ICC Further Inflamed Jew Hatred — and Biden Is Behind It.

I AGREE THAT THIS IS ALMOST CERTAINLY A FIRST AMENDMENT VIOLATION: Apparent Suspension of Student Groups at Wisconsin for Pro-Hamas Chalking. “Note that, even if the government could forbid chalking in various places (and it’s not clear whether it can, at least as to public sidewalks), it can’t specially punish chalking that conveys particular views, including advocacy of foreign terrorist organizations and support for violence in foreign conflicts.”

Being pro-Hamas makes you garbage people, but garbage people have free speech rights too.

IN CASE YOU WERE WONDERING IF “HUMAN RIGHTS LAWYERING” WAS A SCAM: Amal Clooney Played a Key Role in ICC Arrest Warrant for Netanyahu, Others. “The fact that Israel is accused of crimes against humanity when it is fighting for its survival against the internationally recognized terror organization that massacred Israelis and others on October 7, 2023, is unbelievable. Equating Israel and Hamas is unacceptable. How would any reasonable person argue that Israel is the same as Hamas unless that person was an anti-Israel, anti-Jew antisemitic? Is that a description of Clooney’s wife? . . . Does that mean ISIS is bad but Hamas is not? We truly live in an upside-down world. Israel is a country that values life. Israel goes out of its way to warn civilians in Gaza when attacks are imminent. Israel helps move Gazans to safety and it moves humanitarian aid into Gaza. It is Hamas that hijacks supply trucks while Gazans go without food, water, or other supplies.”

How would the United States have responded to a similar warrant naming FDR in World War Two? That should guide Israel’s response.

PAULA BOLYARD: Ann Coulter: Long COVID ‘Total B.S.’ Made Up by ‘Neurotic Liberal Women.’ “Well, good for you, Ann. I’m glad you haven’t had to deal with the effects of COVID long after being infected by the Wuhan virus. The fact that you don’t know any conservatives who have long COVID is perhaps more a reflection of who you hang out with than anything else. (Yeah, I said ‘Wuhan virus.’ Go ahead and demonetize this column, Google.*)”

It isn’t that Long COVID is a myth but its effects don’t seem to be any worse than those caused by other respiratory infections.

BUT THERE ARE NO GENETICALLY MODIFIED INGREDIENTS, SO THERE’S THAT:  Nightmare ingredients of Bill Gates’s Impossible Burger.

STILL TRUE, I’D SAY: Flashback: Journalists drink too much, are bad at managing emotions, and operate at a lower level than average, according to a new study.

CLOWARD & PIVEN SMILE ON THEIR ACOLYTES:  Immigration, Islam and the deliberate crashing of the welfare system.

ASTRAZENECA, NOT ARIZONA:  Carry on regardless – AZ keeps pushing dodgy vaccines.

HOW THE MIGHTY HAVE FALLEN OR IRREVOCABLE TRUST ARE YOUR (HEIRS) FRIEND:  Elvis Presley’s iconic Graceland to be auctioned amid foreclosure, granddaughter Riley Keough ‘traumatized’.

WELL, THAT WAS PREDICTABLE!   Thieves Targeting EV Charging Stations Across the Nation for Copper.

THE QUESTION IS ALWAYS: WHO WANTS YOU BLACK PILLED? We Are Not ALone.

GOOD MAN!  Jerry Seinfeld Laughs Off Anti-Israel Protesters: ‘Jew-Haters Spice Up the Show!’

SOME POINTS OF SANITY HERE AND THERE:  University of London Professor Loses Racial Discrimination Claim Over a Recommendation of a Local Sushi Restaurant.

AND NONE OF THEM WERE A CONGRATULATIONS CARD, I BET!  NATO, UN, and State Department Offer ‘Condolences’ for Death of Iranian President Raisi.

Or perhaps a very large container of candy, if that ports across cultures to Persians.