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No, the ‘Battle Hymn of the Republic’ is not ‘from slavery’ And neither is the Gadsden Flag.

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No, the ‘Battle Hymn of the Republic’ is not ‘from slavery’ And neither is the Gadsden Flag.

By now, you have likely heard of the 12-year-old boy who was told that he may not display a Gadsden Flag in school because it has “origins with slavery.” Of course it absolutely does not have origins in slavery; it is a symbol and flag from the Revolutionary War era.

This level of ignorance—especially from an ‘educator’—ought to be embarrassing…but it should not be particularly surprising. There is a lot to know in this life, and no matter how much one learns, it’s just a few more drops in the ocean of things there are to learn. Add to that the fact that public-school teachers—in spite of the endless hagiolatry our society heaps upon them—are not generally an especially impressive lot. They are, in the aggregate, a little more educated and intelligent than the average, of course, but that is not saying all that much.

This woman had no knowledge of the Gadsden Flag. I’d bet money she’s never heard the name Christopher Gadsden. Chances are she is not particularly well-versed in American history, unless that is her speciality (and even then…). All she knows is that people she does not like—people whom she’s been told not to like—tend to fly and display this flag. Thus, it must have its origins in slavery. After all, everyone she does not like is a fascist, a racist, a white supremacist, or literally Hitler.

Back in the late 90s, I had a somewhat similar experience…

One day, I was idly humming the Battle Hymn of the Republic when I was stopped and informed (just like that 12-year-old boy) that this song had its origins in “slavery.” This was a work environment and the person was a colleague, so I kept it cool and just pointed out—a little frustrated, of course—that the Battle Hymn of the Republic was written by an abolitionist and was popular in the Union.

Obviously the colleague knew enough to associate the song with the Civil War, but that was it. Her left-wing programming and intersectional status kicked in from there and filled in the blanks: Civil War…being hummed by a white guy…………slavery.

This wasn’t even particularly conscious. This was more a kind of programatic confabulation. Same thing with the teacher. She did not know where the flag comes from, but she’s a good Baizuo, so she filled in the blanks of her ignorance with a Baizuo’s kind of “knowledge.” My colleague did the same, but from the standpoint of an aggrieved victim.

This colleague was a very sweet person. I really liked her, and she liked me too. I have not seen her for more than 20 years, but I still think of her fondly. But what she did that day was uncool. If you’ve been paying attention at all, you know that truth has begun to mean less in such matters than the identity groups of the people involved. Truth is what The Party says it is. Truth is found in the personal narrative of the ‘victim.’ Grievance trumps reality, and people have lost their jobs for exactly this sort of thing. Under a different set of circumstances, getting caught in that web might’ve cost me my livelihood. All over a grievance that had been fabricated out of thin air.

An experiment conducted at Dartmouth (and repeated in similar studies elsewhere) demonstrated that for some people, feeling aggrieved comes all too easily. You can read for yourself and watch the video below, but the gist is simple:

Study participants had a disfiguring scar drawn on their faces and were told to go out into the world, interact with people, and then report on how those people treated them. Unbeknownst to the participants, however, the scar was removed prior to them going out into public. In spite of the fact that there was no disfigurement, the participants claimed that they experienced discrimination because of their appearance.

This was just one experiment. Imagine being told, day after day, year after year, decade after decade, that you are a victim solely because of your identity, that that will never change, and that even when people are not discriminating against you, they secretly are.

What the left has done to people is vicious. These are precious human beings who did not need or deserve to be psychologically programmed in this way.

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Inside the Blue Bubble Noam Dworman clashes with Washington Post columnist Philip Bump, and the results aren’t pretty.

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Inside the Blue Bubble Noam Dworman clashes with Washington Post columnist Philip Bump, and the results aren’t pretty.

Last week Noam Dworman of Comedy Cellar USA, on his Live at the Table podcast, interviewed Washington Post columnist Philip Bump. It was a debate, with Bump invited because he’s “most associated with pouring cold water on the Hunter Biden story,” as Noam put it.

The show went viral as Bump, semi-reprising the performance of Russiagate champion and Guardian reporter Luke Harding walking on an interview with Aaron Mate, left abruptly after conceding Hunter’s line, “unlike pop, I won’t make you give me half your salary” was evidence. To be fair the show had run long, but Bump insisted earlier that there was “no evidence” of wrongdoing on Joe Biden’s part, so it wasn’t a timely exit — not that I’m unfamiliar with interviews that go sideways.

I know Noam and my name got dragged into this somewhat absurdly (Bump said I had “an agenda,” as Noam brought up tapes between Petro Poroshenko and Joe Biden I’d referenced), but didn’t want to say anything. Then a subsequent show also went sideways, for much the same reason. More on that in a moment. Back to Bump v. Dworman:

Many exchanges in the podcast stand out, not in a good way. Bump repeatedly tells Noam his problem is that he’s not accepting his, Bump’s, versions of things. At about the 56-minute mark, Bump chides Noam for bringing up things that have been “debunked.” When Noam asks, “What’s been debunked?” Bump says, “I’ve written about this!” He adds, “It’s been debunked in the sense that I’ve already addressed this, and presented the counter-arguments to it.”

At about 1:05 in the video above, Noam brings up “the issue of the press. The press actually bothers me more than Joe Biden…” To which Bump interjects [emphasis mine]: “But you don’t listen to the press. I’m sitting here and telling you you’re wrong about these things and you don’t listen.” About five minutes later Noam again brings up media, and Bump says, “But again, you’re attacking the press, because you refuse to listen to what we’re saying.”

Nearly an hour into the show Bump began complaining he’d been set up, and I know what he was thinking, having of course also been in the position of being invited to an interview with someone who perhaps wants to make an ass of you. I actually don’t think that’s Noam’s game, but even if it were, the answer isn’t to keep repeating, “How can we talk when you keep insisting I get down from this high horse I’m on?”

Bump acts like he and his paper haven’t gotten all sorts of things wrong in recent years, implicitly rejecting the notion that people like Noam have reason to question anything “already addressed” by papers like the Post. If you need an explanation for declining ratings and circulation of mainstream press outlets, this vibe is it.

The other episode involved professor and frequent media commentator Dan Drezner, who laughs hysterically and at great length the instant it registers that Noam plans on countering a claim that Trump was a bad president. It’s at about the 52-minute mark:

Drezner is doing what Bump did, albeit with more humor: gagging in disbelief when a mainstream piety sent up the flagpole isn’t instantly saluted.

I think a lot of people in the world I once inhabited, in center-left media and academia, don’t realize they’ve slipped into a deeply unattractive habit of substituting checklists of unquestioned assumptions for thought. In the blue bubble Trump’s limitless evil is an idea with such awesome gravitational pull that it makes nuanced discussion about almost anything impossible. It’s why no one in media could suggest even the possibility he hadn’t colluded with Russia. He’s become an anti-God, of a faith that requires constant worship. When do we get to go back to being atheists?

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Over 60 Lions of Liberalism ( Antifa ) arrested in Georgia riots.

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Over 60 Lions of Liberalism ( Antifa ) arrested in Georgia riots. Leftists always love a good riot. It never fails. Build something good, and they will come. Bringing their violent acts with them.

Well we see that they have been rioting the past year or so trying to shit down a police training center. Allegedly the government has stepped in. Over 60 Antifa militants have been indicted under the Racketeer Influenced and Corrupt Organizations Act over the Atlanta “Cop City” riots and attacks on officers.

I see one of the rioters works for a noted hate group. Tom Jurgens, appears to be a staff attorney for a far-left extremist organization, the Southern Poverty Law Center.

SMH.

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Democrats beware: These Black voters are fed up, and looking for a political home.

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DUQUESNE — Nine years ago Leo Beatty was in his early 30s and working for U.S. Steel when president Barack Obama came to the Mon Valley plant. The visit was a post-State of the Union opportunity to sign an executive order authorizing “myRA,” a new retirement savings option for people who lacked an employer-administered account.

Mr. Beatty, then a registered Democrat who voted for Mr. Obama twice, said it was a thrill: “I really liked him then so it was exciting,” even though his presidency wasn’t always what he had expected. “I still like him. I am just not sure how much he did for the middle class Black community, or middle class white community either for that matter.”

Today Mr. Beatty is no longer a Democrat, nor after thirteen years on the job does he work for U.S. Steel. And that “myRA” program was shuttered only three years later.

Mr. Beatty voted for Joe Biden in 2020, but that has become even more of a disappointment.

“Biden dropped the ball for me on inflation, so no I don’t think he’s doing a good job — not just because I don’t think he has the cognitive ability to do it effectively, but because he knows no one like us. And by that I mean middle-class America,” said Mr. Beatty, who is now a registered Independent.

When asked to expand about his problems with Mr. Biden’s presidency he said, “Well, how much time you got?”

Mr. Beatty said it is insulting for Mr. Biden and the Democrats to keep saying how great the economy is. “Maybe for his friends. It is about the rich getting richer and putting us working class people against each other instead of looking at the real problem. The real problem is the rich people against poor people. It’s more classism than racism,” he said.

Mr. Beatty, who has earned multiple degrees and certificates in the trades, criminal justice and leadership, said the media tries to divide people on the basis of skin color.

“But we have a lot more in common than we have different. All of us want to be safe. All of us want our kids safe. All of us want to live a decent life. That’s all we want.”

Mr. Beatty is one of six middle-class Black voters, including his wife Crystal, who sat with me for hours last Sunday discussing the state of politics. What was most interesting is their shared belief that neither party is listening to them, with the Democrats taking the brunt of their criticism for promising change that never comes and taking them for granted, while Republicans struggle — sometimes comically — to give them a reason to support the party.

Missing middle class

My interviewees are optimistic about their lives and their communities, but very disappointed in this administration. In their eyes, Mr. Biden and the Democrats have failed their children and grandchildren by overreaching on cultural issues and underperforming on the basics of governance. Specifically, they are very frustrated over how inflation and crime remain serious problems in their daily lives.

Image DescriptionDonna Lee of Wall re­tired from theAl­le­gheny County Health Depart­ment. She says her big­gest con­cerns are what chil­dren are be­ing taught in school and out-of-con­trol-crime.
Tap or slick for larger image.

Donna Lee said she doesn’t consider herself a member of either party. “But I do my civic duty and vote in every election,” the retired Allegheny County Health Department employee said.

Ms. Lee said locally she mostly votes Democrat, but won’t discuss her 2020 vote. “I’ll pass on that question,” she says smiling. The grandmother said she is frustrated with the Biden administration for challenging the removal of sexually explicit books in schools — so much so that she sent the president a letter about the affect these curricula are having on children.

“Oh he wrote me back alright, about immigration,” she said, throwing her hands up in the air.

Image DescriptionChester Harper of Duquesne, afa­cil­i­ties man­ager at a uni­ver­sity in Oak­land, says he is a reg­is­teredDem­o­crat but con­sid­ers him­selfin­de­pen­dent.
Tap or slick for larger image.

Dressed in a dark navy suit, Chester Harper cuts a dapper figure all the way down to his leather briefcase. A lifelong Democrat and facilities manager at Carnegie Mellon University, Mr. Harper grew up in McKeesport and now calls Duquesne home. He says he voted for Mr. Biden — then makes a face and shakes his head when asked to give his assessment.

“He is not looking out for the needs of the common man. He has this agenda that is out of sorts with the average voter. He says all the time he knows middle class voters and he has their back — but no, he doesn’t, because he hasn’t been out there. He’s not in our world and [he hasn’t] listened to us,” Mr. Harper said.

Out of touch

Crystal Beatty, Leo’s wife, said she is a registered Democrat, but that doesn’t determine her votes. “Truly I’m more of an Independent because I want to vote for the person who’s most like me — and not necessarily the color of my skin, but the values I believe in,” she said.

Ms. Beatty cringes at the reminder of Mr. Biden telling a Black radio host in 2020 that Black voters torn between voting for him and President Trump “ain’t Black.” “Let me put it this way, so I am not rude, the person who most represents my values wouldn’t even consider thinking that, let alone saying it out loud,” she said.

As for local Democrats U.S. Rep. Summer Lee and U.S. Sen. John Fetterman, she is unimpressed with them as well. “Have you seen Braddock, it’s like you have proof of what you’re not doing and how much you care,” she said of Mr. Fetterman, who lives there, and Ms. Lee, who represented it in the state house.

Image DescriptionWini­fred Wash­ing­ton, a reg­is­tered Dem­o­crat, said she is dis­ap­pointed in Joe Biden. She be­lieves if he came to her neigh­bor­hood he wouldn’t un­der­stand the prob­lems it is fac­ing.
Tap or slick for larger image.

Winifred Washington said localism is something Democratic politicians have forgotten to focus on. “Take something as simple as Duquesne High School. That school was the center of the community and children attending school in their hometown are a visual reminder that our future will be better,” she said.

In 2007 the state Department of Education split Duquesne’s high school students between West Mifflin and East Allegheny high schools. It was a move that fractured the community and took away a storied football program that drew people together.

“It is not that I expect that Joe Biden would understand or deal with that kind of displacement and the impact it would have. His problem is he doesn’t know how to relate to anyone who has had that happen to their community,” she explained.

“Democrats used to be all about this kind of situation — they used to fight for it— now they have turned to fight for things I often don’t understand.”

She voted for Mr. Biden. Is she happy about it? “No,” she said. “Its just sad, he’s too old and he is out of touch.”

Image DescriptionArdell Mar­tin of Duquesne says the Demo­cratic Party has taken Blackvot­ers for granted for too long and no lon­ger rep­resents mid­dle class Black peo­ple; she is un­happy with Joe Biden and has no in­ter­est in Don­ald Trump.(Salena Zito)

Pathetic president

Ardell Martin, who spent most of her career working for community newspapers, said she even looking at Mr. Biden makes her so uncomfortable. “I think he’s pathetic. In a way, I feel bad for him. I really do. I think he’s lost.”

Her problem with him is the problem she has with all politicians, “You may say I’m cynical, but I don’t think they care. They don’t care about anybody. A lot of them are in it for the pension plan that they’re going to get after their terms are up. Some of them, it’s an ego thing.”

Still she says she dutifully votes, “I honor my obligations. I wish that they would remember that they’re working for us people I think they have lost empathy for.”

North Side native Salena Zito is a national political reporter for The Washington Examiner, a New York Post columnist and co-author of “The Great Revolt: Inside the Populist Coalition Reshaping American Politics”

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CONSERVATIVE GROUP TO ANNOUNCE TRIO OF PROPOSED TRANSGENDER BALLOT INITIATIVES

Visits: 35

 

CONSERVATIVE GROUP TO ANNOUNCE TRIO OF PROPOSED TRANSGENDER BALLOT INITIATIVES.

BY ANDREW SHEELER

Sacramento Bee.

Riverside Republican Assemblyman Bill Essayli’s bill to force California schools to out transgender students to their parents never got a hearing in the Assembly. But it could soon get a hearing from California voters. Essayli is set to join Assemblyman Joe Patterson, R-Rocklin, on the west steps of the Capitol at 3 p.m.

Monday to unveil a trio of proposed anti-transgender ballot initiatives. Joining the Republican lawmakers are conservative activists Jonathan Zachreson, Scott Davison and Jay Reed; speakers Erin Friday of the group Our Duty; former NCAA athlete Sophia Lorey of the conservative California Family Council, and “de-transitioner” Chloe Cole, who headlined her own event at the Capitol earlier this year.

The activists, calling themselves Protect Kids California, are looking to advance three ballot initiatives that would: Force schools to notify parents if their child uses a different name or pronouns; Block transgender girls from competing in girls’ sports programs; Block transgender minors from accessing gender-affirming medical treatment. Once a proposed ballot measure has been written, its language must be submitted to the California Attorney General’s Office for review.

It will then have until Oct. 26 to prepare a title and summary, at which point the measure’s backers will be cleared to begin circulating petitions for signatures. Proposed initiative statutes require 546,651 signatures, while constitutional amendments require 874,641, according to the California Secretary of State’s Office.  is the last day for the California secretary of state to determine whether an initiative petition meets the minimum signature requirement.

An account for Protect Kids California on X, the platform formerly known as Twitter, points to polling it says shows that California voters would support the measures. The group doesn’t cite the source of the polling on its website. The event was promoted on X by Northern California chapters of the group Moms for Liberty.

Edited.

 

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Oberlin College Lacrosse Coach Under Attack by Woke Administrators for Defending Women’s Sports.

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Oberlin College Lacrosse Coach Under Attack by Woke Administrators for Defending Women’s Sports.

The head coach of Oberlin College’s lacrosse team says she was called “transphobic” and “unsafe,” and investigated by the woke college after questioning transgender swimmer Lia Thomas, a biological male, winning last year in the NCAA. “It is scientific that, biologically, males and females are different,” the lacrosse coach added. “I don’t believe biological males should be in women’s locker rooms. Where is the MeToo movement now? What happened to that?”

“I was blown away that a male was allowed to compete with women in NCAA swimming,” Oberlin College lacrosse coach Kim Russell said in an eight-minute video documentary shared by the Independent Women’s Forum.

Watch Below.

“When Lia Thomas won, I reposted a post that said, ‘Congratulations to Emma Weyant, the real woman who won the NCAA 500-yard freestyle event.’ One of my own players took that post and sent it in an email to my athletic director,” Russell explained.

Oberlin College Women's Lacrosse Coach Kim Russell

Oberlin College Women’s Lacrosse Coach Kim Russell

School administrators responded to the complaint by calling Russell into their offices for a series of disciplinary meetings, and the lacrosse coach recorded each one.

In one instance, Natalie Winkelfoos, Associate VP for Athletics, can be heard telling Russell, “Unfortunately, you fall into a category of people that are kind of filled with hate in the world.”

 

 

“It’s acceptable to have your own opinions, but when they go against, you know, Oberlin College’s beliefs, it’s a problem, for your employment,” Creg Jantz, Senior Associate Director of Athletics, told Russell in another instance.

Russell said school administrators later demanded that she write a letter of apology to the team, and to the Department of Athletics.

“I hope you feel remorse for it,” Winkelfoos said in another audio recording.

The lacrosse coach said she began to write her apology letter, but then stopped herself from doing so.

“I’m not writing a letter of apology, I’m not sorry,” Russell said in the documentary. “I really believe that women should be competing against other biological females.”

 

 

Russell, who has been coaching for 27 years, said she was then told that she had to attend a meeting with her entire team, the athletic director, the Title IX director for the Athletics Department, the head of the department’s Diversity, equity, and inclusion (D.E.I.) office, and the Title IX and director of D.E.I. for the entire college.

“There was a very dark energy,” Russell explained of the meeting. “Chairs were set up in a huge circle, I felt like I was burned at the stake.”

“It was, what I would call the ‘mob mentality,’ where a few people on the team spoke about how much they were upset with what I had posted, and how dare I post that,” the coach said. “I love these kids, and to have many of them say all these things that, to me, were attacking who I was as a person, it made me sad.”

The documentary also featured several audio clips of student lacrosse players lecturing Russell.

 

 

“Everyone has their views,” one student said. “But what the focus should be here isn’t what the view is, it should be the impact that that caused, the impact that that post had,” one student could be heard preaching in an audio clip.

“I still feel like we’re just kind of, like, justifying your actions a little, instead of, like, a true apology,” another student lectured. “Especially at Oberlin, where there is such a high, like, LGBTQ+ population, I just feel like I would like a little more accountability.”

“It’s not good enough just to work for, like, women’s issues or white feminism, you know? It has to, like, your feminism, has to be inclusive for everybody,” another said.

 

 

During the meeting, Russell felt that nobody was really listening to what she had to say. After that, when the season was finished, Russell was called in for yet another meeting, where she was given a letter that informed her she had damaged her credibility and would need to change her behavior immediately.

“I believe that there are so many people who are afraid of losing their jobs that they are just going to do what they have to do to keep working,” Russell said in the documentary. “It is my job to be a voice for everyone who is too afraid, who needs to keep their job.”

“It is scientific that, biologically, males and females are different,” the lacrosse coach added. “I don’t believe biological males should be in women’s locker rooms. Where is the MeToo movement now? What happened to that?”

“Do I believe I’m at risk of being fired, of having a storm hit me?” Russell said. “Yes. Am I ready for the storm? Yes.”

Russell is not the first person Oberlin College has attacked.

As Breitbart News previously reported, the leftist school had to pay $36.59 million in court-ordered defamation damages to a mom-and-pop bakery it slandered as racist — after previously fighting desperately to avoid paying the judgment.

In 2019, Meredith Raimondo, now an ex-dean, had orchestrated a woke mob into slandering the family that runs Gibson’s Bakery as racists for calling the police on three black students for allegedly shoplifting a bottle of wine.

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Judge’s order in Mark Meadows case “could be very bad news” for Fani Willis.

Visits: 27

Judge’s order in Mark Meadows case “could be very bad news” for Fani Willis.

By Areeba Shah.

U.S. District Court Judge Steve Jones on Tuesday ordered Fulton County District Attorney Fani Willis and former president Donald Trump’s chief of staff Mark Meadows to offer opinions on a key matter essential to addressing Meadows’s argument that his Georgia prosecution should be tried in federal court.

Jones asked both parties to provide their views on whether “a finding that at least one (but not all) of the overt acts charged occurred under the color of Meadow’s office [would] be sufficient for federal removal of a criminal prosecution under [the federal removal statute].”

When Meadows took the stand on Tuesday, he argued he was acting in his capacity as Trump’s top White House aide when he reached out to Georgia officials following the 2020 elections. Fulton County prosecutors, on the other hand, asserted that Meadows’ actions went well beyond the responsibilities of his federal position.

Meadows was charged in Willis’ sprawling racketeering indictment, which accuses him and 17 others of conspiring to subvert the results of the 2020 election in Georgia.

In court documents, his legal team has already revealed their plans to seek the dismissal of the charges from a federal judge if the case is transferred to federal court, according to The Atlanta Journal-Constitution.

Even if a judge doesn’t dismiss the charges, the shift to federal court would provide Meadows with a broader and potentially more conservative pool of jurors and bar cameras from entering the courtroom.

The pivotal point of contention for the removal hinges mainly on whether Meadows can prove that he was indicted for actions he carried out in his capacity as a federal official.

Clark Cunningham, professor of law at Georgia State University, also weighed in on X, formerly Twitter, arguing that this order “could be very bad news” for Willis.

“If I were the DA, I would ask grand jury for a superseding indictment that removes the name of Mark Meadows from Acts 5, 6, 7, and 19 of Count 1 (but continuing the allegations as to Donald Trump),” he wrote.

The first three alleged overt acts by Meadows (Acts 5, 6 and 7) are not necessary to establish his liability under RICO, but keeping them in the indictment now runs an “enormous risk” for the DA of losing the removal issue, in light of Judge Jones’ order, since these overt acts come closest to meeting the test for federal officer removal, he added.

Cunningham explained that Acts 5 and 7 involve White House meetings between Trump and state legislators, for which Meadows made “plausible claims” on the witness stand that his role was limited to what the Chief of Staff typically does. Act 6 alleges only that Meadows asked a member of Congress from Pennsylvania for the phone numbers of the leaders of the state legislature in Pennsylvania, again saying this was a typical task for a chief of staff.

“Act 19 alleges that Trump & Meadows met together with another White House staffer, John McEntee and asked him to prepare a memo for a strategy to disrupt the January 6 session of Congress,” Cunningham wrote. “Meadows testified firmly that Act 19 did not describe anything he had done and it is not worth continuing to try and prosecute Meadows for Act 19.”

Jones ordered that Willis and attorneys for Meadows file their briefs by 5 p.m. on Thursday.

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Just my own thoughts Progressive Racism Racism.

How funny is this? The same folks who called MLK an Oreo ( White Progressives ) are celebrating the March on Washington.

Visits: 18

How funny is this? The same folks who called MLK an Oreo           (White Progressives ) are celebrating the March on Washington. Yes back in the day the Liberal whites were attacking folks like MLK, Jackie Robinson, and Rosa Parks.

Their hero was AND STILL IS Malcolm X. Now pretending that they changed, MLK is their new flavor. Biden and Harris to meet with Martin Luther King Jr.’s family for March on Washington anniversary (msn.com)

SMH.

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Conservative Journalist Gets $300,000 After ‘Antifa’ Assault at Protest.

Visits: 12

Conservative Journalist Andy   $300,000 After ‘Antifa’ Assault at Protest. Progressive group Antifa in this country started out, as the military wing of BLM. BLM would start the protests and riot. Antifa would attack those who opposed BLM riots.

Back in 2019, Katherine Belyea, Madison Allen, and Joseph Evans—attacked him at the event. Evans, who now goes by the legal name Sammich Overkill Schott-Deputy, was accused of striking Ngo and initiating the confrontation. Allen was accused of hitting him with a sign, while Belyea was accused of throwing a milkshake at him.

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New York, California each lost $1T in assets as financial firms fled south New York, California lose trillions amid exodus of financial titans.

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New York, California each lost $1T in assets as financial firms fled south New York, California lose trillions amid exodus of financial titans.

The steady exodus of Wall Street banks and big tech firms from California and New York over the past several years has cost the states nearly $1 trillion apiece in managed assets, according to a new analysis by Bloomberg News.

The departure of companies like Elliott Management, AllianceBernstein and Charles Schwab has drained the two states of thousands of high-paying jobs, further burdening city and state finances by sapping tax revenue.

Commercial property markets have also buckled under the weight of the sudden exit of the finance industry, at the same time they are struggling to find new tenants amid the surge in remote work.

A truck is parked in front of a U-Haul facility on August 31, 2020, in New York City. (John Lamparski/Getty Images / Getty Images)

Bloomberg conducted the analysis by going through the corporate filings from more than 17,000 firms since the end of 2019.

The moves out of major metros like Los Angeles, San Francisco and New York City were often borne out of the desire for lower taxes and warmer weather.

From the start of 2020 through the end of March 2023, more than 370 investment companies – managing about $2.7 trillion in assets – moved their headquarters to a new state, according to Bloomberg. The overwhelming majority of the migration was from high-tax states in the Northeast and on the West Coast and into lower-tax states like Florida and Texas, which boast no income tax.

Florida was the top destination for companies that left New York, with the Sunshine State drawing the likes of Icahn Capital Management and AKR Investment Management. Texas, meanwhile, has shown to be the top destination for companies leaving California.

A general view of Lower Manhattan

A general view of Lower Manhattan as buildings overlook New York Harbor on February 16, 2022, in New York City. ((Photo by Spencer Platt/Getty Images) / Getty Images)

Not only businesses are leaving California and New York: A growing number of Americans are also migrating to places like Florida and Texas, according to a Bank of America analyst note that is based on aggregated and anonymous internal customer data.

“We constructed near real-time estimates of domestic migration flows and found that pandemic migration trends are not reversing,” the analysis said. Since the first quarter of 2023, the data “suggests that cities that saw a large influx of people during the pandemic have still been growing faster than other cities in recent quarters.”

The analyst note found that San Francisco experienced a big drop in population at the start of the year, with a more than 1% drop in the first quarter of 2023 and a more than 3% decline from 2020 to 2022.

 

The city has been plagued by a spike in property-related crime, according to the California Department of Justice’s Criminal Justice Statistics Center.

New York City also posted a big population decline, losing about 1% of its population in early 2023 and 3% in the prior two years.

“This population shift paints a clear picture,” said Janelle Fritts, a policy analyst at the nonpartisan Tax Foundation. “People left high-tax, high-cost states for lower-tax, lower-cost alternatives.”

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