Archive for the ‘unions’ Category

LinkSwarm for August 12, 2016

Friday, August 12th, 2016

Welcome to another Friday LinkSwarm! Here in Texas it’s been hitting 104°F during the day. That’s bad enough, but worse is trying to walk your dog at night when it’s still 93° with no wind.

  • Hillary’s lead over Trump isn’t quite as wide as Dukkakis’ lead over Bush.
  • Trump raised $80 million in July.
  • DNC email hack a whole lot bigger than previously thought.
  • ObamaCare premiums set to explode again in 2017.
  • Ace of Spades HQ contends we’re in this mess because the GOP establishment is secretly all-in on illegal alien amnesty and think the base is racist for opposing their Olympian insight, but has steadfastly refused to tell voters what they actually think:

    The Establishment and establishment-aligned commentators are guilty of the Yeah Yeah Evasion I spoke of above with respect to amnesty.

    Oh, sure, in 2014, they’ll run on a super-border-hawk national platform, and vow to oppose, unto their dying breath, Obama’s executive amnesties.

    And sure, they’ll trot out a field of 17 candidates, fifteen of whom who have been coached to give the corporate/donor class evasive answer on the border.

    Snip.

    Now, the Trumpkins come along — I’ll use the Establishment’s slur for them — and the Trumpkins believe that it is standard GOP doctrine that we should have a border wall and be tough on border security, up to and including deportations.

    They think there’s broad support for this in the party. They don’t think this position is controversial — they think it’s just a base plank of the platform.

    Gee — I wonder where they could have gotten that idea, Establishment, huh?

    I guess those stupid Trumpkins did something crazy — the believed the lies pouring out of your mouths every election eve.

    So once again we have a political calamity brewing– the Establishment types, the college educated set who has no fear of being displaced by a cheaper foreign worker, misled the white working class into thinking they agreed with them on immigration, while secretly — silently — holding the opinion that anything short of open borders was kinda-sorta (or definitely) racist.

  • Rahm Emmanuel steals from the poor (Chicago utility users) to give to the rich (union pension funds). (Hat tip: Director Blue.)
  • New Jersey teacher’s union wants to write its pension gravy train into the state constitution, vows revenge on Democrat who blocked it.
  • Rotherham is still a center for Muslim child rape gangs. (Hat tip: Ace of Spades HQ.)
  • Alumni have started to decide that if college administrators insist on preemptively surrendering to Social Justice Warriors, then their donations can go elsewhere. (Hat tip: Hot Air.)
  • “State Sen. Judith Zaffirini and her associates have agreed to pay roughly $38 million to settle a lawsuit in which they were accused of seizing control of a massive real estate inheritance for their own enrichment. The Laredo Democrat still has a chance to get richer. She and her crew will walk away owning 444 acres of prime Laredo real estate that nobody bequeathed to them. They’ll need to continue developing the land to come up with the $38 million, but everything they clear above that will be profit. That’s not including, of course, the millions that the Zaffirini crew has already paid itself in legal and management fees out of the inheritance, including roughly $1.5 million paid to Carlos Zaffirini’s law firm.”
  • My friend Karl Rehn’s study on just what the best aiming system (red dot vs. laser vs. iron sights) gets a nice writeup by Massad Ayoob. (Hat tip: Stuff from Hsoi.)
  • Title IX is killing men’s teams at historically black colleges and universities.
  • British MPs facing a booze ban due to having to move to a Muslim-owned building while Westminster is refurbished (Hat tip: Ace of Spades HQ.)
  • Hungary says no to more “Syrian refugees.” EU to shove more of them down Hungary’s throat, because joining the EU means signing your national sovereignty away
  • Wal-Mart acquires Jet.com (which is an online retailer, not an airline).
  • Facebook to users using Adblock: “Shut up and eat some ads.
  • “Fisking the Latest Diversity in Sci-Fi Freak Out.”
  • Buy your own Sherman Tank. (Hat tip: Dwight.)
  • “It’s ridiculous for anyone to worry that the new Ghostbusters will ruin their childhoods retroactively. We should worry about this piece of shit ruining childhoods in real time.”‘
  • Heh. The Ghostbusters reboot to gross “almost exactly $.78 for every $1 the first one earned.”
  • In another sign of 2016’s impending apocalypse, corpse flowers are blooming across America.
  • Crime scene dioramas. Or, as the creator calls them, “dieoramas.” (More here.)
  • Cat-like typing detected.
  • Texas vs. California Update for August 10, 2016

    Wednesday, August 10th, 2016

    Time for another Texas vs. California roundup:

  • How California screwed itself:

    Then-Gov. Gray Davis and the Legislature had quietly, virtually without notice, decreed a massive, retroactive increase in state employee pension benefits, which was quickly emulated by hundreds of local governments.

    At the time, CalPERS was ringing up big earnings from the 1990s’ bullish stock market — so big that it had reduced contributions from member governments to near zero. Public employee unions hankered for a share of the bounty and pressed for a benefit increase.

    The CalPERS board, dominated by public employees and union-friendly politicians, sponsored the increase, Senate Bill 400, with assurances that it would cost taxpayers nothing. A state Senate analysis of the bill said CalPERS “believes they will be able to mitigate this cost increase through continued excess returns of the CalPERS trust.”

    Years later, it emerged that the assurances reflected the most optimistic of several scenarios developed by the CalPERS staff. More pessimistic scenarios were kept secret — but they were the ones that came true. By the time Seeling delivered his dark appraisal in 2009, the state was being hammered by an ultra-severe recession, and the CalPERS trust fund was losing what turned out to be nearly $100 billion in value.

    Seven years later, CalPERS and other pension funds still haven’t fully recovered, and they’re sharply raising mandatory “contributions” from state and local governments to cover the gaps left by meager investment earnings.

    (Hat tip: Pension Tsunami.)

  • California is deluding itself if it thinks it’s “turned to corner” and is on the path for sustainable growth:

    Between 2000 and 2015, Austin has increased its jobs by 50 percent, while Raleigh, Houston, San Antonio, Dallas, Nashville, Orlando, Charlotte, Phoenix and Salt Lake City – all in lower-tax, regulation-light states – have seen job growth of 24 percent or above. In contrast, since 2000, Los Angeles and San Francisco expanded jobs by barely 10 percent. San Jose, the home of Silicon Valley, has seen only a 6 percent expansion over that period.

    Obviously this runs counter to the notion of California being business friendly, since the ratio of jobs to workers is lower here than in Texas and the rest of the United States, and sometimes a lot lower.

    Snip.

    Gov. Brown has achieved bragging rights by suggestions of a vaunted return to fiscal health. True, California’s short-term budgetary issues have been somewhat relieved, largely due to soaring capital gains from the tech and high-end real estate booms. But the state inevitably will face a soaring deficit as those booms slow down. Brown is already forecasting budget deficits as high as $4 billion by the time he leaves office in 2019. As a recent Mercatus Center study notes, California is among the states most deeply dependent on debt.

    The state’s current budget surplus is entirely due to a temporary tax and booming asset markets. The top 1 percent of earners generates almost half of California’s income tax revenue, and accounts for 41 percent of the state’s general fund budget. These affluent people have incomes that are much more closely correlated to asset prices than economic activity, and asset prices are more volatile than economic activity generally. Brown’s own Department of Finance predicts that a recession of “average magnitude” would cut revenue by $55 billion.

    More critically, the state continues to increase spending, particularly on pensions. Outlays have grown dramatically since the 2011-2012 fiscal year, averaging 7.8 percent growth per year through FY 2015-2016. Seeing the writing on the wall, the state’s labor leaders now want to extend the “temporary” income tax, imposed in 2012, until 2030. This might not do much to spark growth, particularly in a weaker economy.

    During this recovery, California has made minimal effort to eliminate the state’s budget fragility. To use a recently popular term, this is gross negligence. It is, thus, no surprise that credit ratings agency Moody’s Investors Service ranked California second from the bottom in being able to withstand the next recession. Someday the bills will come due.

  • More on California’s business climate vs. Texas:

    Note that across the entire decade the unemployment rate in California was consistently greater than that in the United States, averaging 1.5 percentage points greater overall and maxing out at 2.9 percentage points in January and February of 2011. Except for the first six months of 2006, the same story holds true for California and Texas, although the differences here are more pronounced: an average of 2.5 percentage points greater and a maximum difference of 4.2 percentage points at various points in 2009 and 2010. Also note how long double-digit unemployment persisted in California (43 months) during this decade compared to the United States (1 month) and Texas (0 months).

    Also: “Texas outperformed California in 9 of the 10 years. And Texas had a CAGR of 3.1 percent, meaning its economy grew at more than twice the pace of California’s each year.” (Hat tip: Pension Tsunami.)

  • Texas’ economic, labor Market, and fiscal situation. “The Texas model leads comparable states and U.S> averages in most measures.”
  • “CalPERS has not met its expected 7.5% rate of return for the last 20 years.” (Hat tip: Ace of Spades HQ.)
  • Things in Texas are very different than they were in the 1980s:

    This is what Krugman and others really get wrong about the Texas miracle.

    The state had its last major recession from 1986 to 1987, after oil prices collapsed and the real estate and financial sectors crashed. Back then, the mining sector, dominated by oil and gas activity, was directly related to about 21 percent of the real private economy and roughly 5 percent of the labor force. Today, mining is 15 percent of the real private economy and less than half of the labor force share. As a result, the combination of more economic diversification and pro-growth policies has produced a much more resilient economy. Texas in 2016 looks a lot different than Texas in 1987.

  • “A major impediment to economic growth and a factor chasing people and businesses away from California is the state’s high tax rates and poorly structured tax code. California levies the highest top marginal income tax rate in the nation at 13.3% and has the country’s 6th highest overall tax burden. Such a hostile tax climate has consequences. During the last decade, from 2000 to 2010, California had a net outmigration of over 1.2 million residents move to other states. Those former Californians took over $29 billion in income with them.”

    Residents of San Diego, Newport Beach, Los Angeles, San Francisco, and many other cities and towns across California enjoy beautiful scenery and enviably pleasant weather year round; while folks in Dallas, San Antonio, Austin, and Houston ride out their hot and humid summers by staying indoors as much as possible. Yet Texas has been the number one recipient of California refugees. While the physical climates found in states that are the top recipients of California refugees don’t hold a candle to the Golden State’s, the business tax climates are far more hospitable.

    California imposes the nation’s highest income tax, while Texas is one of nine states with no income tax. While Texas has the 10th best business tax climate in the nation, according to the non-partisan Tax Foundation, California has the country’s third worst. During the last decade, over 225,000 people moved from California to Texas, bringing over $4.4 billion in income with them to the Lone Star State. After Texas, Nevada is the number two recipient of ex-Californians. Like Texas, Nevada can’t compete with California’s natural beauty and climate, but the Silver State makes up for it by having no state income tax and the nation’s 5th best business tax climate.

    (Hat tip: Pension Tsunami.)

  • The deregulated energy market is still working to lower costs for Texans.
  • California’s Democrat-dominated local governments are riddled with nepotism in their hiring practices. In San Diego, “Investigators uncovered an employee vetting process they allege was ‘abused’ — so that in a third of the cases reviewed, ‘friends and family members’ of city staff were hired ‘to the detriment of public job applicants.’” (Hat tip: Pension Tsunami.)
  • Liberal complains about how San Francisco’s progressive policies killed affordable housing. “Instead of forming a pro-growth coalition with business and labor, most of the San Francisco Left made an enduring alliance with home-owning NIMBYs. It became one of the peculiar features of San Francisco that exclusionary housing politics got labeled “progressive.” Do note this piece is from a year ago. (Hat tip: Instapundit.)
  • Speaking of San Francisco, three of the city’s supervisors have decided that he would like to take the goose that laid the golden egg (i.e., the city’s high tech employers), smother it with locally source rosemary, thyme and organic butter, and broil it at 450° in the form of a payroll tax for those companies that earn $1 million or more in gross receipts.
  • “In 2014 there were 142,417 housing starts in the city of Tokyo (population 13.3m, no empty land), more than the 83,657 housing permits issued in the state of California (population 38.7m).” (Hat tip: Instapundit.)
  • “California To Proclaim August “Muslim Appreciation And Awareness Month.” So when do we get Christian Appreciation Month?
  • “Relocation of Highway 99 in Fresno, a key part of the bullet train project, is over budget, behind schedule and will cost millions of dollars more to complete.” (Hat tip: Cal Watchdog.)
  • DAE Systems is relocating its headquarters to Catawba County and intends to create 46 new jobs and invest $6.8 million during the next three years, Gov. Pat McCrory’s office announced Monday. The California-based company, which is moving to Claremont, will receive a grant of up to $110,000 from the One North Carolina Fund that is dependent on the company meeting job-creation goals.”
  • Nothing says “adult oversight” quite like playing strip poker with teenage camp counselors. Take a bow, Stockton Mayor Anthony Silva! (Hat tip: Dwight, who also notes that Silva is a member of the criminal-ridden “Mayors Against illegal Guns.”)
  • Noted for the record: Mayor Silva comes up twice at the very top of Stockton real estate developer Dan Cort’s Facebook page. (Previously.)
  • Texas vs. California Update for July 25, 2016

    Monday, July 25th, 2016

    Enjoy another Texas vs. California roundup:

  • June marked the 114th month that Texas was at or below the national unemployment average. Texas also created 246,600 jobs in the service sector.
  • Once again Texas ranks as the best state for business, and California ranks worst. (Hat tip: Fox and Hounds via Pension Tsunami.)
  • Elites watch while California crumbles:

    The basket of California state taxes — sales, income, and gasoline — rates among the highest in the U.S. Yet California roads and K-12 education rank near the bottom.

    California depends on a tiny elite class for about half of its income-tax revenue. Yet many of these wealthy taxpayers are fleeing the 40-million-person state, angry over paying 12 percent of their income for lousy public services.

    Excessive state regulations and expanding government, massive illegal immigration from impoverished nations, and the rise of unimaginable wealth in the tech industry and coastal retirement communities created two antithetical Californias.

    One is an elite, out-of-touch caste along the fashionable Pacific Ocean corridor that runs the state and has the money to escape the real-life consequences of its own unworkable agendas.

    The other is a huge underclass in central, rural, and foothill California that cannot flee to the coast and suffers the bulk of the fallout from Byzantine state regulations, poor schools, and the failure to assimilate recent immigrants from some of the poorest areas in the world.

    The result is Connecticut and Alabama combined in one state. A house in Menlo Park may sell for more than $1,000 a square foot. In Madera, three hours away, the cost is about one-tenth of that.

  • CalPERS suffers $30.8 billion annual loss. “CalPERS has notoriously minimized the annual pension contribution for its 3,007 government entities by fantasizing that its superior investments expertise will allow its investments to compound every year without loss for the next three decades at an annual rate of 7.5 percent.” (Hat tip: Pension Tsunami.)
  • CalSTRS isn’t doing much better: “The California State Teachers’ Retirement System [earned] 1.4% for the fiscal year ended June 30.” (Hat tip: Instapundit.)
  • Record tax revenues, yet somehow California is still broke:

    California taxpayers are getting taken to the cleaners, but most of them are completely in the dark about how and why.

    I will pose a quick question: Does it seem strange that California has recorded record revenue increases, yet we also see a record number of tax increases and bond issuances on the ballot?

    In other words, the state’s tax system is collecting massive amounts of revenues, record amounts, yet politicians are still asking for a record number of new tax increases. For taxpayer advocates, it just doesn’t seem fair and seems very strange at first glance as to how this can even occur.

    The truth of the matter is that California’s system of public finance is a complete train wreck and is set up such that no amount of tax revenues collected will ever be enough to satisfy “spending needs.” The so-called baseline expenditure increases are on autopilot and deficit projections are generated despite record revenue increases, a trend projected in the Governor’s May Revise.

    (Hat tip: Pension Tsunami.)

  • “As we roll toward the November ballot, I’m reminded of H.L. Mencken’s quip that “Democracy is the theory that the common people know what they want, and deserve to get it good and hard.” We always get it “good and hard” in California given the ever-expanding one-party rule. The worse it gets, the more voters from the GOP high-tail it to Nevada and Texas — and the worse it gets as political competition evaporates. It’s the political equivalent of a death spiral.” (Hat tip: Pension Tsunami.)
  • Lots of tax hikes are on the California ballot this November, for a variety of different ostensible reasons, but actually for a single reason: Pensions. (Hat tip: Pension Tsunami.)
  • Beaumont, California: “Seven former officials were arrested and charged with stealing nearly $43 million during the city’s development boom. Now, residents are learning that the town’s problems go much deeper than the criminal case.” (Hat tip: Gregory Benford’s Facebook page.)
  • “California’s high-speed rail project increasingly looks like an expensive social science experiment to test just how long interest groups can keep money flowing to a doomed endeavor before elected officials finally decide to cancel it.” $68 billion and rising. (Hat tip: Ace of Spades HQ.)
  • Teachers union writes a $10-million check for income tax ballot measure.”
  • “Oakland police officer Malcolm Miller more than quadrupled his $107,627 salary to $489,662 with overtime, benefits and other specialty pays last year — making him Oakland’s highest paid employee for the third year in a row.” (Hat tip: Pension Tsunami.)
  • “C.C. Myers Inc., one of California’s highest-profile freeway builders, has filed for bankruptcy.”
  • Also filing for bankruptcy: California-based developer Criswell-Radovan, which owns the Tahoe Cal Neva casino Frank Sinatra used to own.
  • One tiny bit of dubious good news for the Bankruptcy Court for the Central District of California: Now they’re only the second in bankruptcy filings in the nation at 45,000, having been overtaken by the Bankruptcy Court for the Northern District of Illinois at 47,535 filings.
  • Nissan and Toyota battle over Texas. “Both automakers are zeroing in on Texas as a key growth opportunity.”
  • California’s Democratic State Controller Betty Yee fined $2,082 for violations during her 2014 campaign.
  • Rent a security robot for $7 an hour. How many human security guards will be left at California’s $15 an hour?
  • Old and Busted: Participation trophies. The New Hotness: California’s Democratic officials giving awards to their own family members.
  • “Judge throws out ex-L.A. County Sheriff Lee Baca’s plea deal, saying six months in prison not enough.” (Hat tip: Dwight.)
  • LinkSwarm for July 15, 2016

    Friday, July 15th, 2016

    Enjoy a Friday LinkSwarm, including some recent big stories:

  • Truck plows into Bastille Day celebration in Nice, France, killing at least 84, including a father and his 10 year old son from Lakeway.
  • The murder is evidently a Muslim from Tunisia. And his name is evidently Mohamed Lahouaiej Bouhlel. Try to contain your shock.
  • The Permanent Court of Arbitration in The Hague rules against China in the South China Seas dispute. Whether China heeds the ruling is another question…
  • Another day, another Democratic congresscritter indicted. “Corrine Brown, the House rep from the 5th District of Florida, was indicted (along with Ronnie Simmons, her chief of staff) on federal charges of mail and wire fraud.”
  • Donald Trump and Hillary Clinton are neck and neck in swing states.
  • “The U.S. State Department funneled tax dollars to a group that worked to oust Israeli Prime Minister Benjamin Netanyahu, according to a Senate report released Tuesday.”
  • Another ObamaCare exchange shuts down, this time in Illinois.
  • And six of the seven remaining exchanges are in trouble.
  • Philadelphia airport workers to go on strike during the Democratic National Convention.
  • Houston City Councilman calls for segregation in police shifts. Next up: Their own drinking fountains… (Hat tip: Director Blue.)
  • Previously deported illegal alien sentenced to life in prison for murder in Laredo.
  • Following in the footsteps of Annise Parker, Austin City Council wants to silence opponents who speak out on politics.
  • The left’s war on police. (Hat tip: Ed Driscoll at Instapundit.)
  • El Paso police chief Greg Allen calls Black Lives Matter “a radical hate group.”
  • University of Texas to return athletic ticket sales to a group previously proven to be corrupt.
  • Ghostbusters reboot toys already on clearance before the movie’s opening.
  • Strippers, arson and a potato. (Hat tip: Dwight.)
  • Understatement of the Year Award:

    An inspection of the truck’s cargo revealed 169 bundles of marijuana with an estimated weight of 3,996 lbs. were on board.

    The estimated street value of the marijuana is between $1.6 million and $1.9 million. Perez was charged with Trafficking Marijuana in the Superior Court of DeKalb County, Georgia.

    Doraville Police say they are “pretty confident this would exceed personal use.”

    (Hat tip: Ace of Spades HQ.

  • Texas vs. California Update for June 28, 2016

    Tuesday, June 28th, 2016

    Welcome to another Texas vs. California update!

  • California’s skyrocketing housing costs, taxes prompt exodus of residents.” “During the 12 months ending June 30, the number of people leaving California for another state exceeded by 61,100 the number who moved here from elsewhere in the U.S.” Plus this: “The majority of the people we are seeing are moving to states that don’t have state income taxes.” And this “My husband’s salary would be in the six figures, but six figures is not enough to cover the rent, day care (and) food prices.” (Hat tip: Pension Tsunami.)
  • The middle class can no longer afford to live in the Bay Area.
  • “Orange County’s public city employees earned $144,817 on average last year.” (Hat tip: Pension Tsunami.)
  • In a completely unrelated story, lavish pension hikes have resulted in exploding levels of Orange County debt. (Hat tip: Pension Tsunami.)
  • “City employees working full-time in Long Beach earned an average of $128,731 in total compensation last year.” (Hat tip: Pension Tsunami.)
  • “A survey of 45 cities in Riverside and San Bernardino counties shows the average full-time city worker received $127,730 in pay and benefits last year.” (Hat tip: Pension Tsunami.)
  • On paper, Nevada County, California, is technically insolvent (which is the best kind of insolvent.) (Hat tip: Pension Tsunami.)
  • As good as Texas is doing compared to California’s profligacy, the people at the Texas Public Policy Foundation think the budget is still growing way too fast.
  • “Jacobs Engineering Group, one of the world’s largest engineering companies, is preparing to move employees from its Pasadena [CA] headquarters to Dallas, becoming the latest major corporation to relocate significant operations from California to Texas.”
  • “A California-based orthopedic goods manufacturer and distributor has decided to move its Ohio-based distribution hub to Dallas/Fort Worth International Airport, which will give the company a place to significantly expand operations and possibly relocate its West Coast headquarters. The company, Santa Paula, California-based Hely & Weber, has signed a lease totaling nearly 40,000 square feet of space at 755 Regent Blvd. in Dallas/Fort Worth International Airport.”
  • Still more companies leaving California. Plus why the “Bernie Sanders effect” will result in a veto-proof majority for Democrats in the California legislature. (Hat tip: Pension Tsunami.)
  • Bankrupt San Bernardino, union fight over settlement payments.” Clip and save this headline, as you’ll be able to use it again and again over the coming years…
  • Marin County pension reformer launches GoFundMe campaign to sue the county over pension increases. Though his $198,000 request strikes me as excessively optimistic…
  • Texas scores three of the top five cities (Houston, Austin, San Antonio) for U-Haul destinations. (Hat tip: Ted Cruz on Facebook.)
  • California Democrats and Social Justice Warriors conspire to drive Christian colleges out of the state. (Hat tip: Ace of Spades HQ.)
  • Once again, California leads the nation…in car thefts.
  • Which lead to this: “More than 71 percent of all recovered stolen cars in 2005 in Texas, New Mexico, Arizona, Nevada, and California were stolen by illegal aliens or by ‘transport coyotes,’ those who bring in illegals across the Mexican border.”
  • “Paul Tanaka, once one of the most powerful law enforcement officials in Los Angeles County, was sentenced Monday to five years in federal prison for interfering with an FBI investigation into jail abuses by sheriff’s deputies.” (Hat tip: Dwight.)
  • Oakland police chief resigns because at least 14 Oakland police officers (and 10 other law enforcement officers had sex with the same underage girl. (Hat tip: Ed Driscoll at Instapundit.)
  • And the guy Oakland found to replace him? He lasted…five days.
  • Bay Area law enforcement agencies have lost 944 guns since 2010. Maybe that’s the “gun control” Democrats should be focusing on… (Hat tip: Stephen Green at Instapundit.)
  • Californians face rolling blackouts this summer…some of which could last as much as 14 days.
  • Shuttered California hospital files for Chapter 7 bankruptcy.
  • You could count this Silicon Valley robot pizza technology startup as a win for California, but the subtext here as that many human California pizza workers will never work a day under that new $15 minimum wage…
  • Texas vs. California Update for June 2, 2016

    Thursday, June 2nd, 2016

    Time for another Texas vs. California update:

  • Once again, Texas is ranked as the best state for business by CEO Magazine, while California is ranked the worst. (Hat tip: Rider Rants via Pension Tsunami.)
  • This OC Register piece offers an good restatement of the general problem:

    California has earned quite a reputation for being openly hostile to business, as confirmed by numerous studies and surveys. Its plethora of taxes and regulations are driving away legions of entrepreneurs and workers, but they are doing wonders for one segment of the economy: the moving industry. It is almost as though that industry is secretly lobbying the state Legislature for its anti-business policies.

    Joe Vranich, as president of Spectrum Location Solutions, an Irvine business relocation consulting firm, knows all about what drives businesses’ decisions to give up and leave for greener pastures. According to his research, in just the past seven years, approximately 9,000 businesses have decided to leave California or expand their operations out of state. Companies leaving California typically save between 20 percent and 35 percent of operating costs, he concluded.

    Texas has been the biggest beneficiary of California’s business exodus.

    Snip.

    California’s litigious climate has become a common complaint of business owners. No wonder the American Tort Reform Foundation once again named California the No. 1 “Judicial Hellhole” in the nation last year, based on the state’s excessive laws and regulations and a flood of disability access, asbestos and food advertising and labeling lawsuits, frequently more opportunistic attempts at extortion than legitimate attempts to seek justice for victims who have been truly harmed.

    California has proven to be a particularly harsh climate for manufacturing businesses. “Even if California were to eliminate the state income taxes tomorrow, that still would not be enough,” CellPoint Corp. CEO Ehsan Gharatappeh told the Dallas Business Journal of the Costa Mesa company’s move to Forth Worth.

    General Magnaplate Corp., which has made reinforced parts for the aerospace, transportation, medical, oil and other industries for 36 years, decided to shut down its California facility in Ventura altogether. “This is a very sad day for our employees and for my family, who have a long history of job creation in this area, but the simple fact is that the state of California does not provide a business-friendly environment,” CEO Candida Aversenti said in a press release. “Increases in workers’ compensation costs and government regulations, combined with predatory citizens groups and law firms that make their living entirely by preying on small businesses, have left us with no other choice but to shut down our California facility. This is in stark contrast to our New Jersey and Texas facilities, which are flourishing in small business-friendly environments created by the respective local governments and environmental agencies.”

  • Tech layoffs double in the Bay area:

    Yahoo’s 279 workers let go this year contributed to the 3,135 tech jobs lost in the four-county region of Santa Clara, San Mateo, Alameda and San Francisco counties from January through April, as did the 50 workers axed at Toshiba America in Livermore and the 71 at Autodesk in San Francisco. In the first four months of last year, just 1,515 Bay Area tech workers were laid off, according to mandatory filings under California’s WARN Act. For that period in 2014, the region’s tech layoffs numbered 1,330.

  • How did the California city of Irwindale rack up the largest per household market pension debt in the state, at $134,907 per household?
  • Low and negative interest rates means that CalPERS must make risky investments to even come close to hitting their yield targets:

    The nation’s largest public pension fund, the California Public Employees’ Retirement System, has one-fifth of its assets in bonds and is down 1.3% since July 1, according to public documents. The system, known by its abbreviation Calpers, also has 53.1% of its assets in stocks, 9% in real estate and 9.4% in private equity. In 2015, Calpers posted a return of 2.4%, below its target rate of 7.5%.

    Nor is CalSTARS doing much better:

    The nation’s second-largest public pension plan, the California State Teachers’ Retirement System, has shifted a significant amount of money away from some stocks and bonds to protect against a downturn. It moved assets into U.S. Treasurys and so-called liquid-alternative funds, which mimic hedge-fund strategies. Calstrs, as the pension is called, reported gains of 1.5% during a choppy 2015, with returns on its fixed-income investments up just 0.6%.

    (Note: WSJ link, so you may need to do the Google thing.)

  • News: Former CalPERS chief executive Fred Buenrostro convicted of bribery. California: Buenrostro will continue to receive his CalPERS pension while in prison. (Hat tip: Pension Tsunami.)
  • Overview of the Texas budget.
  • UnitedHealth exits California’s Obamacare exchanges.
  • Despite that, California wants to offer ObamaCare subsidies to illegal aliens.
  • California also wants to spend more money to send illegal aliens to college.
  • And those illegal aliens with California driver’s licenses still aren’t purchasing liability insurance.
  • Hate California traffic? Tough:

    The newest outrage comes from the Governor’s Office of Planning and Research in the form of a proposed “road diet.” This would essentially halt attempts to expand or improve our roads, even when improvements have been approved by voters. This strategy can only make life worse for most Californians, since nearly 85 percent of us use a car to get to work. This in a state that already has among the worst-maintained roads in the country, with two-thirds of them in poor or mediocre condition.

    Snip.

    In essence, the notion animating the “road diet” is to make congestion so terrible that people will be forced out of their cars and onto transit. It’s not planning for how to make the ways people live today more sustainable. It has, in fact, more in common with Soviet-style social engineering, which was based similarly on a particular notion of “science” and progressive values.

    (Hat tip: Instapundit.)

  • Toyota’s Plano headquarters takes shape.
  • The UAW is making a big push to unionize Tesla’s Fremont plant.
  • Speaking of Tesla, they’re approaching the grand opening of their giant battery factory…in Nevada.
  • McDonald’s CEO says a $15 minimum wage will make his restaurants shift to using robots. But what would McDonald’s know about minimum wage workers?
  • In the same vein, it’s no wonder that Whole Foods opened it’s first semi-automated Whole Foods 365 store in Los Angeles. “Promoted as a ‘chain for millennials,’ the new ‘365’ stores use about one-third less square footage than the company’s traditional 41,000-square-foot Whole Foods stores, but they also slash almost two-thirds of workers with robots and computerized kiosks.” (Hat tip: Director Blue.)
  • Schedule for California high speed rail boondoggle pushed back four more years. Latest obstacle: wealthy equestrians. “Hey, this study says horses won’t mind a super-fast, super loud train zipping along right next to them.” “You mean the study from the institute that two bullet train authority members sit on? Get stuffed!”
  • “The State Assembly Subcommittee on Education voted Tuesday to delay funding to the UC system because of concerns with the UC Retirement Plan, proposed by UC President Janet Napolitano in March, which would cause the university to incur significant costs. The delay was announced after an actuarial report was released earlier that day by Pension Trustees Advisors, or PTA, which showed that the retirement plan would cost the university $500 million in savings, or $34 million a year, over the next 15 years.” (Hat tip: Pension Tsunami.)
  • Maywood, California (which had previously outsourced services to the corrupt city of Bell) is on the brink of bankruptcy. (Hat tip: Dwight.)
  • “Two L.A. sheriff’s deputies convicted of beating mentally ill inmate.”
  • San Francisco liberals versus the city’s police union
  • “Another aviation company has decided to move its corporate headquarters to Fort Worth to take advantage of the Lone Star state’s business friendly environment and the city’s longtime history in the aerospace industry. The move is historic for Burbank, California-based C&S Propeller — an FAA and EASA certified repair station for propeller and airplane maintenance — which has been in California for nearly five decades.”
  • This one’s a wash: XCOR lays off employees in both California and Texas.
  • How Hillary Loses to Donald Trump

    Tuesday, May 31st, 2016

    For those still on the “Oh God, Hillary is going to slaughter Trump” express, now might be a good time to start making your way to the exits.

    David S. Bernstein lays out four ways Hillary can lose. Fortunately for Trump, she seems to be managing them all:

  • “Step 1: Take Hispanic enthusiasm for granted.” Trump needs only for Hispanic voting to return to 2008 levels to win in Florida.
  • “Step 2: Alienate the young.” You can’t assume all those young Bernie Sanders voters who are seeing Clinton shamelessly cheat her way to the nomination are going to magically put aside their bitterness and vote for Granny Crooked McCankles.
  • “Step 3: Let establishment Republicans find another place to go.” Not sure about this one, as I see #NeverTrump as more an online/insider issue than one that could deliver significant numbers of disgruntled Republican voters to Hillary.
  • “Step 4: Fumble on trade.” Never mind that protectionism is loser economics, Hillary’s been on every side of just about every trade agreement, and her vital union allies are more than a little tired of it.

    It’s not hard to see how quickly this could start costing her Electoral College votes in the Rust Belt, where Trump hopes to improve on past Republican performance. (And where, you may remember, Clinton had to apologize for threatening to put coal companies out of business.) In Ohio, for example, 22 percent of 2012 voters came from union households, and 60 percent of them voted for Obama. In Wisconsin, a similar share of the electorate voted 2-to-1 for Obama over Romney. In 2016, both states went for Sanders over Clinton in their primaries. In Pennsylvania, where Trump is planning a major effort, union households provided Obama more than half his net margin.

  • Read the whole thing.

    Missing from the analysis: The dead certainty that Hillary will not do as well among black voters as Obama did. But that’s an analysis for another day…

    (Hat tip: Stephen Green at Instapundit.)

    Texas vs. California Update for May 10, 2016

    Tuesday, May 10th, 2016

    Time for another Texas vs. California update:

  • In a fiscal test of which states are best prepared for the next recession, Texas ranked best and California ranked worst. (Hat tip: Jack Dean of Pension Tsunami.)
  • And California didn’t just flunk the test, it flunked it badly. (Ditto)
  • A big reason is the top-heavy nature of income tax receipts. “Nearly half of the state’s personal income tax revenue comes from the top 1 percent of earners — 150,000 individual tax returns. And personal income tax revenue is 65 percent of total revenue, which means the One Percent provides 33 percent of the state’s total revenue.”
  • Here’s a handy comparison of Texas vs. California debt ratios using a number of different metrics. You can also look at several different metrics with the general pension tracker tool, put together by the Stanford Institute for Economic Policy Research. (Hat tip: Pension Tsunami.)
  • The same source tells us that California has the third highest market/pension debt ratio in the country, while Texas ranks 34th.
  • “During the Great Recession and since, Texas has been America’s jobs engine, creating 34 percent of all U.S. civilian jobs during the last eight years in a state with less than 10 percent of the nation’s population.”
  • Moody’s downgrades bond ratings for the Pasadena Unified School District right when the district passes a 6% salary increase.
  • Reno is increasingly benefiting from companies relocating from California.
  • Texas company wants to store California’s nuclear waste.
  • “In 2014, a study by the conservative American Enterprise Institute found that full-career state workers in five states — California, New Mexico, Oregon, Texas and West Virginia — earned more in retirement income than in their final salary.” I’m pretty sure Texas salaries on average were significantly lower than California’s, and that there were less of them…
  • Court strikes down California Attorney General Kamala Harris’s unconstitutional attempt to compel conservative nonprofits to reveal their donors. (Hat tip: Ace of Spades HQ. )
  • Bay area law enforcement offices have “lost” over 500 guns since 2010.
  • The headquarters for Jamba Juice is relocating from Emeryville, California to Frisco, Texas. (Hat tip: Jack Dean of Pension Tsunami.)
  • The U.S. headquarters for Mitsubishi Heavy Industries relocated from New York to Houston.
  • De Blasio: Kickbacks, Unions, Cops, Hookers, Horses

    Sunday, April 24th, 2016

    Just because current New York mayor Bill De Blasio is a left-wing loon doesn’t mean he’s not also corrupt up to his eyeballs:

    U.S. Attorney Preet Bharara has his sights set squarely on the political operative turned chief executive.

    It’s a sprawling probe, but the main line appears to be following the money trail the Daily News’ Greg B. Smith, NY1’s Grace Rauh and others have extensively tracked since de Blasio ran for mayor in 2013.

    That was when a union run by his cousin and a top donor to him both wrote six-figure checks to an anti-carriage horse group run by big developers that days later cut checks for the exact same amount to another group — very ironically named New York City Is Not For Sale — that promptly spent the cash, not disclosed until well after the damage was done, on TV ads that brought down then-frontrunner Christine Quinn.

    Wait, Democrats and unions involved in corruption? What are the odds?

    That happened just as de Blasio found religion on the carriage-horse issue, repeatedly vowing to end on “day one” of his administration an industry that very few New Yorkers saw as a scourge but that would open up what’s now vastly valuable land where the stables now sit on Manhattan’s Far West Side. The developer behind that push, Steve Nislick, wrote a “Shermanesque” statement to the Voice of the People last year vowing he wouldn’t personally profit from their closing.

    And it’s not just ponies: “The feds are also looking at how the city helped turn a nursing home for AIDS patients into luxury condos and at a series of scandals involving hookers for top cops and diamonds for their wives.” Among many other transgressions.

    That cops and hookers scandal (which took place on a plane to Las Vegas, a nice plus for a juicy sex and corruption story) involved Jeremy Reichberg and Jona Rechnitz, both of whom are De Blasio donors.

    Given that Bharara took down former Assembly Speaker Shelly Silver and former Senate Majority Leader Dean Skelos, there’s a good chance he’ll succeed in taking down De Blasio. Then it might finally be Andrew Cuomo’s turn in the barrel…

    (Hat tip: Instapundit’s Twitter feed.)

    LinkSwarm for April 22, 2016

    Friday, April 22nd, 2016

    As today is a made-up celebration called “Earth Day,” be sure to have beef for dinner…

  • Reminder: “Officials at VA’s Phoenix hospital manipulated wait-time data to make it appear they were connecting doctors and veterans seeking appointments much faster than they actually were. This was done so VA managers at the Arizona facility could keep getting generous performance bonuses. They got their bonuses but dozens of waiting veterans died.” So how did the VA address the problem? They hired someone accused of doing the exact same thing at another hospital.
  • Huge ObamaCare premium hikes are coming down the pike in 2017. (Hat tip: Ace of Spades HQ.)
  • “The largest health insurer in the U.S. has started pulling out of select Obamacare exchanges.” (Hat tip: Instapundit.)
  • Eight more ObamaCare co-ops are about to bite the dust.
  • Meanwhile, ObamaCare is helping enourage opioid addiction.
  • Thanks to Obama’s supergenius management, the Taliban are now winning in Afghanistan.
  • “The National Labor Relations Board suspended a top-ranking Philadelphia official after receiving complaints that he helped raise money from unions for his pro-union charity.” (Hat tip: Ace of Spades HQ.)
  • Following a congressional subpoena over Benghazi, Hillary’s state department staff hid requested files in another department. (Hat tip: Ace of Spades HQ.)
  • Is Rhode Island closing 66% of polling places for next week’s presidential primaries? Something smells.
  • How Ted Cruz could beat Hillary Clinton. “Clin­ton is en­ter­ing the gen­er­al elec­tion with glar­ing vul­ner­ab­il­it­ies of her own. Her im­age is tox­ic to Re­pub­lic­ans and in­de­pend­ents, and her pop­ular­ity among Demo­crats is now at an all-time low as a pres­id­en­tial can­did­ate, ac­cord­ing to Gal­lup’s polling. It won’t take a top-tier Re­pub­lic­an can­did­ate to win.” Also: “Cruz con­sist­ently runs far more com­pet­it­ively against Clin­ton than Trump does.”
  • “It’s not just Wall Street banks. Most companies and groups that paid Democratic presidential candidate Hillary Clinton to speak between 2013 and 2015 have lobbied federal agencies in recent years, and more than one-third are government contractors, an Associated Press review has found. Their interests are sprawling and would follow Clinton to the White House should she win election this fall.”
  • Donald Trump jumps on the social justice warrior tranny bathroom bandwagon.
  • Evidently accused pedophile Terry Bean is the one whose organizations are pushing tranny bathroom bills down America’s throats. (Hat tip: Director Blue.)
  • Trump convention manager Paul Manafort engages in the time-honored traditional rhetorical device know as “lying your ass off.”
  • Thomas Sowell on campaign lies and dodgy statistics.
  • “Although our panel’s original estimates had Trump finishing with 1,175 pledged delegates, my revised deterministic projections have him at 1,155, and the probabilistic version has him at 1,159.”
  • Ted Cruz has done heavy organizing in California.
  • Man indicted for selling school supplies to Detroit schools he didn’t actually deliver…with the connivance of several principles receiving kickbacks. Now, remind me: Which party has controlled Detroit for half a century?
  • Venezuela instituting four hours of blackouts a day, in addition to the previously mentioned three day weekends. That socialist paradise just keeps
  • Brazil impeaches their President.
  • Won’t someone please think of poor, penniless Boeing?
  • When low-fat dogma trumped science: hamburger study data showed exacpt opposite of study’s conclusions.
  • Navy chief starving Marine air corps.
  • What Women Really Want Is The Patriarchy.”
  • ‘White Privilege’ Is a Racial Slur.”
  • Walden is less a cornerstone work of environmental literature than the original cabin porn: a fantasy about rustic life divorced from the reality of living in the woods, and, especially, a fantasy about escaping the entanglements and responsibilities of living among other people.”
  • Mexico’s Popocatepetl volcano erupts. Popocatepetl is less than 50 miles from Mexico City…
  • Goldman Sachs pays $5 billion fine to “settle claims that it misled mortgage bond investors during the financial crisis.” (Hat tip: Ace of Spades HQ.)
  • Pratt & Whitney pushing a B-52 engine upgrade.
  • The woman who can’t remember her own past. (Hat tip: Bill Crider.)
  • Lileks: “Who wouldn’t want to lounge around in a set from a 1970s failed Gene Roddenberry pilot?” (Hat tip: Ed Driscoll at Instapundit.)
  • Son, that’s no way to treat steaks. (Hat tip: Ace of Spades HQ.)