The Big Bet on Meat Alternatives Fails

Shares of meat alternatives soared when Beyond Meat, the California-based producer that’s come to epitomize the sector, went public four years ago, but a fall in stock prices suggests that venture capital investments may have gotten ahead of market realities.

Concerns about the meat industry’s environmental impact and carbon footprint have popularized plant-based substitutes in recent years. Market shares show that investors rushed toward the new food trend, but new data suggests that their eyes may have been bigger than their stomachs.

While Beyond Meat was worth more than $14 billion in 2019, it was worth $827.24 million as of Friday. Its shares have fallen about 95 percent over the last four years.

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Ukraine war: Russia moves to take direct control of Wagner Group

Russia appears to have moved to take direct control of Wagner, after months of infighting between defence officials and the private military group.

Deputy Defence Minister Nikolai Pankov said on Saturday “volunteer formations” will be asked to sign contracts directly with the ministry of defence.

The vaguely worded statement is widely believed to target the group.

But in a furious statement on Sunday, Wagner boss Yevgeny Prigozhin said his forces would boycott the contracts.

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DHS Awarded $750k Grant to SPLC Partner to ‘Inoculate’ Teens Against Extremism

The Biden administration awarded a six-figure grant to a liberal think tank to produce “inoculation” videos to fight extremism. The organization in question, the Polarization & Extremism Research & Innovation Lab (PERIL), has extensive ties to the Southern Poverty Law Center and is led by a professor who serves on an advisory committee for the left-wing activist group.

The Department of Homeland Security awarded $749,828 to the group as part of its Targeted Violence and Terrorism Prevention program, according to government records reviewed by the Washington Free Beacon. PERIL will use the funds to improve “media literacy” to identify extremist ideas and form “inoculation tactics to create off-ramps from violent extremism.”

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Foster mother ‘nearly lost children after questioning school’s gender ideology class’

A deputy headteacher attempted to have a foster mother’s children taken away when she questioned the school’s teaching of the “genderbread person”, it has been claimed.

The woman, who cannot be named for legal reasons, was reported to social services because the teacher was “concerned” that the children were encountering “exceptionally bigoted” views.
In an email seen by The Telegraph, the teacher said the children are “looked after physically”, but that there was a danger that they could “expound similar bigoted viewpoints” to their mother.

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Boris Johnson goes down swinging: ‘These people are only in parliament because of me’

It was the meeting Downing Street said would not happen and this weekend they may wish it hadn’t. But when Boris Johnson met Rishi Sunak in the prime minister’s House of Commons office a week last Friday, he claimed to have come in peace.

Johnson urged Sunak to approve his resignation honours list. In return he would bury the hatchet and campaign hard for the Conservatives in the “red wall” seats at the next election.

Mixed feelings is how I regard Boris. Promising but a let down more often than not.

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Muslims Sue FBI for Religious Discrimination, Feds Base Their Defense on ‘Secret Evidence’

Now here’s an interesting case. A group of Muslims is suing the FBI, claiming religious discrimination over surveillance that the feds carried out a few years after 9/11. The hard-Left ACLU and the Hamas-linked Council on American-Islamic Relations (CAIR) are siding with the plaintiffs, which ordinarily would be a massive red flag impugning their case, but the FBI’s entire case is based on its trustworthiness as an institution. And after all we have seen over the last few years, can anyone really trust the FBI?

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Catholic ‘Pride mass’ in Pennsylvania canceled after protests

A Roman Catholic mass to be held in western Pennsylvania this weekend in solidarity with LGBTQ Catholics has been canceled after flyers for the service switched the designation to a “Pride mass”.

The cancellation of Sunday mass at Duquesne University in Pittsburgh came at the request of the diocese after protesting emails and calls, some of them threatening, officials said. While the exact nature of the protest messages is unclear, they come at a time when major brands like Target, Bud Light and Starbucks have faced rightwing backlash for using the Pride labeling.

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‘I’m more political’: George Soros, 92, hands reins over to son, Alex, who promises to push more than $1.5BILLION a year to back liberal causes and far-left candidates

Financier and liberal lion George Soros has handed control of his $25billion empire to his son, Alex, who is vowing to use the family’s money to advocate for more far-left causes.

The 37-year-old heir told the Wall Street Journal he will broaden his father’s woke aims, but embrace different causes like voting and abortion rights as well as gender equality.

‘I’m more political,’ Alex said, when comparing himself to his father. He has already visited the White House 14 times in just over a year and met with big-name Democrats.

h/t Mauser

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Great Canadian housing bailout: How real estate unaffordability is being propped up

A latticework of government demand-side policies are seemingly tailor-made to hold the line on unaffordably high housing prices

For a brief, shining moment in the spring of 2022, it appeared that some semblance of sanity was returning to the most unhinged real estate market in the world.

The COVID-19 pandemic had taken Canada’s already-overheated housing prices and bid them up to meteoric heights. And now, finally, the “correction” was happening; a downward plunge that would not stop until a Canadian earning a normal wage could once again own property without the help of a windfall inheritance.

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Shocker: 96% of U.S. climate data is corrupted

This seems like an appropriate time for a story like this to pop up since it involves both smoke clouds and climate change. You probably heard how AOC was quick to blame the clouds of smoke wafting down from the Canadian wildfires last week on climate change. As you likely expected without even needing to check, that turns out to be nonsense. But the underlying facts that prove its nonsensical nature turn out to be well rooted in science. And researching this question turns up something even more interesting, which we’ll get to in a moment.

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Feds fail to do anything about inflation

 

Federal Finance Minister Chrystia Freeland claims to be worried about the latest interest rate hike by the Bank of Canada and the effects it will have on inflation.

“I know a lot of people are struggling,” Freeland told the Senate finance committee the day the Bank announced it was raising the rate from 4.5% to 4.75%. “A lot of people saw that and said, ‘Oh, what am I going to do with my mortgage?’”

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Why America Isn’t Ready For the EV Takeover

Software glitches, inaccurate range estimates and clunky charging options all limit adoption

The adoption of electric vehicles represents the biggest shift in our energy and transportation systems in more than a century—but it’s also the biggest shift in consumer electronics since the debut of the iPhone.

On both counts, progress is accelerating in the U.S. And on both counts, we are far from where we need to be.A recent 1,000 mile road-trip in the longest-range electric vehicle you can buy brought this home for me. That journey was as worrisome as it was thrilling, and it clarified how much more needs to be done for drivers to have a consistent and satisfying experience on par with buying a gasoline vehicle.


Electric Vehicles: The Toyoda War

Akio Toyoda is the grandson of Kiichiro Toyoda, a man who started an auto division within his family’s business. That division, it must be said, came to enjoy a fair degree of success (those who want to know why the company is called Toyota, not Toyoda, can find out here). Akio Toyoda joined Toyota in the 1980s, eventually becoming its CEO in 2009. He knows a bit about cars. He also speaks his mind.

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