DML Morning Briefing, Nov. 11

Today is November 11. Below are some of the stories grabbing headlines this morning. I hope you share this briefing as doing so will make you the smartest person in the room.

1.Parents, experts see ‘red undercurrent’ from midterms in school board races: ‘Parents are fired up’
FoxNews–While the results of the midterm elections were not the red wave many had predicted, education advocates were optimistic about the impact local races would have on the quality of schools across the country.

“The predicted red wave did not materialize, but there was a red undercurrent in state and local education offices,” Angela Morabito, spokesperson for the Defense of Freedom Institute, told Fox News Digital.

“Parents are fired up, and they’re winning, even in blue states,” Morabito added. “Conservatives flipped school boards in Michigan and Maryland, and more than 40 candidates backed by parental rights groups notched wins in Minnesota.”

Moms for Liberty co-founder Tiffany Justice told Fox News Digital that over 50% of the candidates they endorsed had won their election, most of whom were first-time candidates.

Ryan Lynch: It’s time to take back our public schools from leaders who forced masks on kids, push woke ideologies, and act like they know best for your kid. Im glad to see parents are fed up and looking to see change in many of the districts across America.

2.’Start adding zeroes’: Big money expected to pour into Georgia midterm runoff
Reuters–Even before the contest in Georgia between Democratic Senator Raphael Warnock and his Republican challenger Herschel Walker headed for a Dec. 6 runoff, a staggering $262 million had already been spent on the race.

Now, with control of the U.S. Senate possibly hinging on the match-up, political analysts expect the campaigns to unleash an advertising blitz and boost spending to levels approaching the historic runoffs in Georgia two years ago.

“Just start adding zeroes and stop when you feel like it,” said Chuck Clay, a former state Republican chair and former state senator. “Money is going to be no object on either side.”

While Republicans are edging towards a majority in the House of Representatives, the Senate remains up for grabs, with large numbers of votes still being counted in Arizona and Nevada. If the parties split those seats, the runoff in Georgia will determine control of the upper chamber.

Ryan Lynch: If it does come down to the Georgia runoff both sides are going to fight extremely hard and spend a lot of money.

3.Crypto peaked a year ago — investors have lost more than $2 trillion since
CNBC–In the 12 months since bitcoin topped out at over $68,000, the two largest digital currencies have lost three-quarters of their value, collapsing alongside the riskiest tech stocks. The industry, once valued at roughly $3 trillion, now sits at around $900 billion.

Rather than acting as a hedge against inflation, which is near a 40-year high, bitcoin has proven to be another speculative asset that bubbles up when the evangelists are behind it and plunges when enthusiasm melts and investors get scared.

And the $135 million that FTX spent last year for a 19-year deal with the Heat? The crypto exchange with the naming rights is poised to land in the history books alongside another brand that once had its logo on a sports facility: Enron.

In a blink this week, FTX sank from a $32 billion valuation to the brink of bankruptcy as liquidity dried up, customers demanded withdrawals and rival exchange Binance ripped up its nonbinding agreement to buy the company. FTX founder Sam Bankman-Fried admitted on Thursday that he “f—ed up.”

Ryan Lynch: What do you all think about crypto and the concept of digital currency?

4.Homes are collapsing into the ocean in Florida. Here’s what’s behind the dangerous situation
CNN–Homes and buildings are collapsing into the ocean and authorities have issued warnings to evacuate some areas as Tropical Storm Nicole pushes a huge volume of ocean water onshore in southeast Florida.

Video from Volusia County shows homes crumbling, reduced to wreckage, as Nicole’s waves erode the coastline. Separate video shows the county’s beach safety office collapsing into the rising water.

Right now, ground zero is here,” Volusia County Sheriff Mike Chitwood told CNN affiliate WESH-TV on Wednesday as Nicole came ashore as a category 1 hurricane.

Ryan Lynch: Hurricane Nicole has caused significant beach erosion all up the eastern coast of Florida. I live on the east coast and our community experienced significant erosion and damage from Nicoles ruthless winds.

5.Sheriff in California county with 65,000 people will STOP all daytime patrols due to ‘catastrophic staffing shortage’
DailyMail–A county in California with one of the highest violent crime rates in the United States is getting rid of daytime patrols by the local sheriff’s office.

Tehama County, where about 66,000 people live about 120 miles north of the state capital in Sacramento, is ending daytime patrol because employees keep leaving and salaries are comparatively low.

This could prove dangerous, as the county’s most populated city of Red Bluff has a violent crime rate higher than around 97 percent of the country, according to Neighborhood Scout. There are about 9.79 violent crimes per 1,000 residents.

The sheriff’s office released a statement where Sheriff Dave Hencratt admitted this was to ‘manage a catastrophic staffing shortage throughout the agency.’

Ryan Lynch: I fear California is at the point of no return. This is a combination of having lenient policies towards crime and constantly attacking the police force. American communities should not be struggling too patrol their streets at night.