More moving trucks left from California than any other state in 2022 for the third year in a row, while more Americans are flocking to Republican-led states like Texas and Florida, a new study published on Jan. 3 has found.
The study was conducted by the moving truck rental company, U-Haul, and found that Texas, Florida, and the Carolinas were the preferred destinations for one-way moving trucks in 2022, with those states ranking as the top growth states on the annual U-Haul Growth Index.
U-Haul’s Growth Index is compiled according to the net gain of one-way U-Haul trucks arriving in a state or city, versus those departing from that state or city each calendar year across the U.S. and Canada and is a strong indicator of what kind of job states and cities are attracting and maintaining residents, according to the company.
Texas is the top destination for U-Haul trucks for the second consecutive year and the fifth time since 2016, according to the study. That is followed by Florida, which has been a top-three growth state for seven years in a row. South Carolina, North Carolina, Virginia, Tennessee, Arizona, Georgia, Ohio, and Idaho also saw strong growth rates in 2022, the study found.
I think I’ve posted a variation on this story just about every year I’ve published this blog…
From July 2021 to July 2022, 300,000 more people moved out of the state than moved in. New York had the largest population loss—in both percentage and absolute terms—experienced by any state during that period.
Sadly, this was both predictable and preventable.
In March 2021, a study of New York found that its already staggeringly high tax burden had worsened due to an increase in the top marginal tax rate to almost 15% for those in New York City. The study projected that the flood of people leaving would only accelerate—and it did.
Even before that study, the Empire State lost so many people that it cost New York a seat in Congress after the 2020 census. This exodus is a direct response to New York’s obscenely high taxes.
Just how bad is it? Compared with other states, New Yorkers:
Pay the highest total tax burden and highest share of personal income (14%) in taxes.
Endure the second-worst overall business-tax climate.
Face the highest individual income-tax rate and income-tax collections per capita.
Pay the second-highest state and local corporate income tax collections per capita.
Have the fourth-highest property taxes and local sales-tax rate (on average).
Pay the highest cigarette taxes and ninth-highest gasoline taxes.
Remember how I’ve noted that semiconductor memory manufacturers make money hand-over-fist in boom times and barely break even during busts? “Samsung Profits Plunge 69% As Global Chip Demand In ‘Full-Fledged Ice Age.'”
Turnabout is fair play: “U. Houston Prof Tells Students to Report Teachers Berating ‘White People or Christians to DEI Office.'”
Denver Mayor Michael Hancock takes pride in virtue signaling his city as a refuge for illegal aliens. Guess what?
Higher inflation, widespread corruption in the federal government, the Bank of England makes Liz Truss blink, and Muslims take exception to Dearborn Public School’s gay agenda. It’s the Friday LinkSwarm!
The Journal reviewed more than 31,000 financial disclosure forms and analyzed more than 850,000 financial assets and 315,000 trades to shed light on any conflicts of interest among more than 12,000 senior career bureaucrats and political appointees. Its investigation found that “thousands of officials across the U.S. government’s executive branch disclosed owning or trading stocks that stood to rise or fall with decisions their agencies made.”
“Across 50 federal agencies ranging from the Commerce Department to the Treasury Department, more than 2,600 officials reported stock investments in companies while those companies were lobbying their agencies for favorable policies, during both Republican and Democratic administrations,” the Journal reports. “When the financial holdings caused a conflict, the agencies sometimes simply waived the rules.”
The federal employees weren’t even subtle about it. Per the Journal, “More than five dozen officials at five agencies reported trading stocks of companies shortly before their departments announced enforcement actions against those companies, such as charges or settlements.”
That’s sus.
To get an understanding of how shady this behavior is, consider examples from a few specific agencies. At the Environmental Protection Agency (EPA), for example, the Journal found that “more than 200 senior officials… or nearly one in three, reported that they or their family members held investments in companies that were lobbying the agency.”
Similar corruption plagues the Department of Defense, where, per the investigation, “officials in the office of the secretary or their family members collectively owned between $1.2 million and $3.4 million of stock in aerospace and defense companies, on average, during years the Journal examined. Some owned stock in Chinese companies while the U.S. considered blacklisting the companies.”
Sometimes there’s a major story out there you don’t have time to really pay attention to, and such is the case with the UK “mini-budget”/Bank of England story. Basically, new UK PM Liz Truss and her Chancellor of the Treasury Kwasi Kwarteng went “We’re going to cut taxes despite soaring inflation” and the Bank of England (which evidently said that UK pension funds were hours from collapse last week) went “No you’re not.” Well, Truss just blinked, Kwarteng is out, and now the UK government is going to raise taxes.
Here’s a video explainer of the complexities of the Bank of England intervention in the bond market.
I’ll still trying to wrap my mind around the phrases “pension fund margin call” and “unlimited quantity” of short term repo liquidity reserves.
The Biden administration’s new technology restrictions are already causing disruptions in China as US semiconductor equipment suppliers are telling staff based in the country’s top memory chip maker to leave, according to WSJ, citing sources familiar with the matter.
State-owned Yangtze Memory Technologies Co. has seen US chip semiconductor equipment companies, including KLA Corp. and Lam Research Corp., halt business activities at the facility. This includes installing new equipment to make advanced chips and overseeing highly technical chip production.
The US suppliers have paused support of already installed equipment at YMTC in recent days and temporarily halted installation of new tools, the people said. The suppliers are also temporarily pulling out their staff based at YMTC, the people said. –WSJ
It’s hard to overemphasize how badly screwed China’s chip industry is with this latest move. Semiconductor equipment not only needs regular maintenance, but extremely specialized expertise when something goes wrong and your yields crash, wizards who can look at a wafer defect chart and determine by experience what’s gone wrong with which tool. Without support and spare parts from the western semiconductor equipment giants, expect yields to start crashing in a matter of months, if not weeks, especially if Applied Materials and Tokyo Electron join the pullout.
The IRGC may be mobilizing retired servicemembers and other affiliated officers to suppress protests in Tehran on October 15.
Protesters have killed more Iranian security personnel in the current protest wave than in any previous wave in the regime’s history according to regime statistics.
Anti-regime protests occurred in at least 11 cities in seven provinces.
Social media accounts that are representing themselves as youth groups organizing and coordinating protests called for countrywide unrest on October 15.
Snip.
Social media accounts that are representing themselves as youth groups organizing and coordinating protests called for countrywide unrest on October 15. Dozens of social media accounts are presenting themselves as provincial components of a broader youth movement aimed at overthrowing the regime. The movement does not appear to have a central headquarters or hierarchy—at least on social media—and some of these groups’ rhetoric is notably disjointed from the others. These accounts claim to have a presence in multiple Iranian cities, including Tehran, Karaj, Neyshabour, Hamedan, Shiraz, and Ahvaz. Some of these accounts called for protests in Khuzestan on October 14, which did materialize in three different cities across the province on that date. Another account claimed that it had activated “sabotage groups” to destabilize the regime on October 14. The Tehran Neighborhood Youth group currently has the most followers and has posted for the longest period of time, possibly suggesting that it inspired copycat accounts based in other cities.
Some of these groups are presenting themselves as having moved from protest organization to coordinating phase one insurgency attacks.
In private, Democratic party officeholders are super racist.
But they’ll arrest parents and take their children if you fail to bow to their transexual madness. “Virginia Democrat Bill Would Criminally Prosecute Parents Who Don’t Affirm Their Kids As Transgender. Previous attempt at the bill was co-sponsored by a senator who served jail time for having sex with a teenager.”
A Virginia Democrat lawmaker says she will introduce legislation to have parents criminally prosecuted if they do not “affirm” their child as transgender. Teachers and social workers would report parents to Child Protective Services under the bill envisioned by state Delegate Elizabeth Guzman (D-Fauquier).
Guzman told WJLA that “It could be a felony, it could be a misdemeanor, but we know that CPS charge could harm your employment, could harm their education, because nowadays many people do a CPS database search before offering employment.”
Guzman, a social worker, went public with her plans to introduce the bill a week after The Daily Wire reported that a National Association Of School Psychologists official named Amy Cannava boasted that she was working with an unnamed state delegate matching Guzman’s description to craft such legislation. “I want to see a kid in a home with food and shelter and insurance and support, but I also don’t want to lose kids to death,” Cannava said, adding that “I will not deny the fact that I have put parents in their place in my office or at school.”
Cannava is also affiliated with a group called the Pride Liberation Project that said it would pick up trans and gay teens who didn’t like their parents, and “work with other supportive adult organizations in the region to find you someone who can provide you a kind and affirming home.”
A similar bill was quietly introduced in 2020 by Guzman and four other Democrats immediately after they took control of the legislature in the 2019 elections. It redefined the term “abused or neglected child” to include one whose parent “inflicts, threatens to create or inflict, or allows to be created or inflicted upon such child a physical or mental injury on the basis of the child’s gender identity or sexual orientation.”
The sole Senate sponsor of the 2020 bill was Joe Morrissey, who served prison time for contributing to the delinquency of a minor after sleeping with his teenage secretary. He accepted a plea deal after initially being indicted on possession of child pornography and other charges.
You know who else hates rolling out the gay agenda to public schools? Muslims.
The only religious people the left is truly scared to offend are Muslims. Criticizing Muslims is completely off the table according to the left’s rules of engagement, so if Muslims are upset about something, the amount of twisting, back-bending, and acrobatics the left will perform in order not to offend them will be something to see.
So when hundreds of Muslim parents, upset at gay porn in the school libraries, showed up to a school board meeting in Dearborn, Mich., and it devolved into shouting and chaos with board members running away and gay protesters being chased to their cars, the fallout was absolutely hilarious. The headline in the Detroit Free Press after the event went haywire was “LGBTQ and Faith Communities Struggle for Unity.” BAHAHAHAHAHAHA. Can you imagine what the headline would have been if it were a Baptist church chasing gay protesters to their cars? “Fascist White Supremacist Book Burners Bash Gay Man in Parking Lot,” or “Rabid Religious Zealots Terrorize Gay Man Defending Right to Read,” or something equally terrible. I don’t know about you, but I’m enjoying this disaster.
Enjoy this thread and all the videos in it. I know I did.
Shouting between various factions as groups take over Dearborn public schools board meeting. Board members have left. Unclear if they are coming back or if meeting will restart. Heavy police presence. pic.twitter.com/XIMEqIRR1X
Problem: Too many Germans are voting for a rightwing party the left disapproves of. Solution: Ban it. Thank God banning other political parties in Germany has never had any negative consequences…
Speaking of things that could never possibly have any negative consequences, Balarus dictator and Putin toady Alexander Lukashenko decrees that all price increases are forbidden. Enjoys those coming goods shortages, Belarussians. (Hat tip: Stephen Green at Instapundit.)
Florida Surgeon General releases study showing heightened cardiac death rates for men ages 18-39 after taking the Flu Manchu mRNA vaccine. So Twitter banned him. Thou Shalt Have No Other Gods Before The Narrative. (They later reinstated him.)
Ukrainian troops shoot down a cruise missile with a MANPADS.
Alex Jones ordered to pay $965 million to Sandy Hook families. As I noted last week, Alex Jones is an unreliable loon, but that judgment seems excessive and punitive merely for running his mouth.
If your taxes are high and your town government sucks, what solutions are open to you? Reno, Texas has come up with one solution: disincorporation.
Voters in Reno, a Parker County town west of Fort worth, will consider a ballot proposition next year that would disincorporate their city and abolish the charter.
The group organizing the petition turned in 496 signatures, securing its place on the ballot.
Texas code allows such questions to be put before voters provided the group meets a threshold of 400 signatures, a mark reached earlier this summer in Reno.
Now the prospect will go to the voters.
If a vote to disincorporate passes, the city’s responsibilities will fall to the larger Parker County jurisdiction.
According to those pushing this initiative, the goal of disincorporation comes on the heels of years of lackluster city services, including issues with their police department and city maintenance departments. These issues include sudden officer resignations and unmaintained city roads.
Proponents for disincorporation also claim their city tax rates are “unreasonably high” and that those funds are misappropriated. From 2016 to 2020, Reno property tax revenue increased by more than $150,000. Since 2017, the property tax rate has been kept constant, but rising property values result in higher tax bills. When adopting the tax rate, city officials have the appraisal information in front of them.
The alleged lackluster service from the city’s police department focused on turnover in 2021 when multiple officers resigned, leaving then-chief Tony Simmons as the only officer presiding over the city of 3,000.
The city normally has four full-time officers working in its police department.
Shortly after the resignations of these officers, Simmons and the city mutually agreed to part ways.
”During my time as mayor I came to the realization that continuing to fund the City of Reno did not seem like a sustainable thing,” former Reno mayor Eric Hunter, who is heading up the petition effort, told The Texan.
“We can’t continue to adequately maintain our roads and physical infrastructure while still keeping taxes low. The way the city council has been mismanaged, they were going to run us off the road. And I thought, why can’t we just be an unincorporated community?”
About the police department issues, Hunter said, “We had a police department that was well-trained and experienced, and that council ran them off.”
Two former officers have filed labor claims with the state against the city for unpaid wages following their promotions.
Jason Schmidt, who joined Reno PD at the end of 2018, was promoted to the open position of lieutenant on Aug. 1. The promotion was supposed to come with a raise in pay from $28 an hour to $32, but that didn’t happen, according to Schmidt’s claim.
“Mayor is refusing to give raise given to me by the chief of police and city administrator,” Schmidt noted in his wage claim, submitted to the state Aug. 19.
Schmidt’s new role made him supervisor of John Thompson III, who was promoted to sergeant Aug. 1, with a pay raise of approximately $4 more per hour.
“Mayor stated the council did not approve our promotions,” Thompson wrote in his wage claim as to the reasoning for not being paid. “The council does not handle promotions and our chief followed all policies.”
Those policies were called into question at last month’s meeting, during which council members tabled Simmons’ request for the new salaries and take-home vehicles.
One council member said he was unaware that the officers had already been promoted, with Mayor Pro Tem Randy Martin adding they “want to be a part of it” any time there’s a promotion.
Simmons told the board he had mentioned the promotions to City Administrator Scott Passmore, as he was required to do, and had then been asked to put the item on the agenda. Simmons added that it would not have an affect on his department’s budget, as the salaries were already set for the officers who had vacated those positions.
Schmidt echoed Simmons’ reasoning in his claim to the Texas Workforce Commission, noting that the city “stated that the pay raise has to go before council. However, it’s already budgeted.
So the Reno City Council lost their previous police force either because they were too cheap to pay $1,440 a month in promised promotion increases, or because their egos require their police chief to play Mother May I for existing positions in his own department. I can see why all of them left.
Another Texas Constitutional Amendment election is sneaking up on us this Saturday, with two amendments on the ballot, both having to do with tax limitations.
Here’s the first amendment:
State of Texas Proposition 1
S.J.R. No. 2
Senate Joint Resolution
Proposing a constitutional amendment authorizing the legislature to provide for the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed for general elementary and secondary public school purposes on the residence homestead of a person who is elderly or disabled to reflect any statutory reduction from the preceding tax year in the maximum compressed rate of the maintenance and operations taxes imposed for those purposes on the homestead.
Be it resolved by the Legislature of the State of Texas:
SECTION 1. Section 1-b, Article VIII, Texas Constitution, is amended by adding Subsection (d-2) to read as follows:
(d-2) Notwithstanding Subsections (d) and (d-1) of this section, the legislature by general law may provide for the reduction of the amount of a limitation provided by Subsection (d) of this section and applicable to a residence homestead for a tax year to reflect any statutory reduction from the preceding tax year in the maximum compressed rate, as defined by general law, or a successor rate of the maintenance and operations taxes imposed for general elementary and secondary public school purposes on the homestead. A general law enacted under this subsection may take into account the difference between the tier one maintenance and operations rate for the 2018 tax year and the maximum compressed rate for the 2019 tax year applicable to a residence homestead and any reductions in subsequent tax years before the tax year in which the general law takes effect in the maximum compressed rate applicable to a residence homestead.
SECTION 2. This proposed constitutional amendment shall be submitted to the voters at an election to be held May 7, 2022. The ballot shall be printed to permit voting for or against the proposition: “The constitutional amendment authorizing the legislature to provide for the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed for general elementary and secondary public school purposes on the residence homestead of a person who is elderly or disabled to reflect any statutory reduction from the preceding tax year in the maximum compressed rate of the maintenance and operations taxes imposed for those purposes on the homestead.”
Clear as mud, but what it amounts to closing a loophole in a previous tax limitation:
Homeowners who are disabled or 65 years and older can qualify for having school district property taxes capped or frozen. But when lawmakers in 2019 passed legislation to offset rising property values with lower school district tax rates for all homeowners, those adjustments did not account for elderly and disabled homeowners whose property taxes were already frozen. Under Proposition 1, those homeowners could qualify for those additional reductions in 2023 if the measure passes, said state Sen. Paul Bettencourt, a Houston Republican who wrote the legislation calling for the constitutional amendment. The change would lower those homeowners’ property taxes further, but would not eliminate their property tax cap. “The frozen value unfreezes and then refreezes lower each year,” Bettencourt explained.
Here’s the second amendment:
State of Texas Proposition 2
S.J.R. No. 2
Senate Joint Resolution
Proposing a constitutional amendment increasing the amount of the residence homestead exemption from ad valorem taxation for public school purposes.
Be it resolved by the Legislature of the State of Texas:
SECTION 1. Section 1-b(c), Article VIII, Texas Constitution, is amended to read as follows:
(c) The amount of $40,000 [$25,000] of the market value of the residence homestead of a married or unmarried adult, including one living alone, is exempt from ad valorem taxation for general elementary and secondary public school purposes. The legislature by general law may provide that all or part of the exemption does not apply to a district or political subdivision that imposes ad valorem taxes for public education purposes but is not the principal school district providing general elementary and secondary public education throughout its territory. In addition to this exemption, the legislature by general law may exempt an amount not to exceed $10,000 of the market value of the residence homestead of a person who is disabled as defined in Subsection (b) of this section and of a person 65 years of age or older from ad valorem taxation for general elementary and secondary public school purposes. The legislature by general law may base the amount of and condition eligibility for the additional exemption authorized by this subsection for disabled persons and for persons 65 years of age or older on economic need. An eligible disabled person who is 65 years of age or older may not receive both exemptions from a school district but may choose either. An eligible person is entitled to receive both the exemption required by this subsection for all residence homesteads and any exemption adopted pursuant to Subsection (b) of this section, but the legislature shall provide by general law whether an eligible disabled or elderly person may receive both the additional exemption for the elderly and disabled authorized by this subsection and any exemption for the elderly or disabled adopted pursuant to Subsection (b) of this section. Where ad valorem tax has previously been pledged for the payment of debt, the taxing officers of a school district may continue to levy and collect the tax against the value of homesteads exempted under this subsection until the debt is discharged if the cessation of the levy would impair the obligation of the contract by which the debt was created. The legislature shall provide for formulas to protect school districts against all or part of the revenue loss incurred by the implementation of this subsection, Subsection (d) of this section, and Section 1-d-1 of this article. The legislature by general law may define residence homestead for purposes of this section.
SECTION 2. The following temporary provision is added to the Texas Constitution:
TEMPORARY PROVISION. (a) This temporary provision applies to the constitutional amendment proposed by the 87th Legislature, 3rd Called Session, 2021, increasing the amount of the residence homestead exemption from ad valorem taxation for public school purposes.
(b) The amendment to Section 1-b(c), Article VIII, of this constitution takes effect January 1, 2022, and applies only to a tax year beginning on or after that date.
(c) This temporary provision expires January 1, 2023.
SECTION 3. This proposed constitutional amendment shall be submitted to the voters at an election to be held May 7, 2022. The ballot shall be printed to permit voting for or against the proposition: “The constitutional amendment increasing the amount of the residence homestead exemption from ad valorem taxation for public school purposes from $25,000 to $40,000.”
I will be voting for both of these, even though I prefer more extensive tax reforms and rate reductions over these piecemeal reductions.
I had no intention of posting another Peter Zeihan video so quickly after Is China Screwed?, but it’s also been a good long while since I did a Texas vs. California update, so let’s tuck in to this video:
Takeaways:
Texas doesn’t attract foreign investment.
Instead, Texas lures development and projects from other states with target tax breaks. “You can stay in Illinois and pay 20% tax or come to Texas, where we’ll give you a 20 year deferment and you’ll pay no tax.” (This is a bit overstated; some companies get those sweeteners, but for most Texas locales simply offer sounder fundamentals.)
“Everything is inexpensive. It’s where the food comes from, it’s where the energy comes from. The land is cheap. Mexico is right next door. It’s got the major port in Houston. It’s a financial center, it’s an energy center, it’s a manufacturing center, it’s a processing era. It’s all of those things.”
As global trade becomes more difficult, Texas moves up the value-added chain with more processed and refined goods. Lots of incentive for all sorts of manufacturers to relocate to Texas to take advantage of these intermediate products.
“Say what you will about the Donald Trump Administration, the renegotiation of NAFTA was a brilliant call, it was probably overdue by 15 years.” More North American content, especially from Texas and Mexico.
“Texas trades nearly as much with Mexico as the rest of the country combined.” Huge for automotive, but also electronics and aerospace.
Labor shortages: “Texas is just hoovering up people from across the entire country.”
“People are moving to the West, the Southwest and the South. Texas is right in the middle of that. It has the cheapest land and the cheapest power and the cheapest food.”
Biggest success story for the next 30 years: Houston. “It has it’s finger in each and every one of those pies. It works with the Mexicans, it’s in the energy sector, it’s its own financial link. It’s on the highway system that links on the East coast. It’s good at moving large pieces of metal around, so it’s getting into heavy equipment, it’s already in automotive. It has everything.”
My caveat: Not everything. It doesn’t have much of a software base outside the oil industry and a few related verticals, and it doesn’t have any semiconductor fabs (both of which the Austin and Dallas areas have in considerable depth).
Plus: Third largest metro in the country.
“Everything you hear about California when it comes to regulation and cost is true.”
All the good land has been grabbed. Maybe growth on the fringes of LA.
“The same urbanization and depopulation push that hit Europeans 60 years ago hit Mexico 25 years ago.”
“California is looking at decades of depopulation moving forward. Not catastrophic and not rapid.”
“I see Oregon and Washington as the next California, and I don’t mean that in a good way.”
Things are better the other side of the mountains (Yakima, WA, and Bend, OR). Also Tri-Cities (Kennewick, Pasco, and Richland), WA.
“The same thing that’s happening in the United States with the retirement of the baby boomers is happening in the wider world. But what is unique about the American baby boomers is that they actually had kids. So we’ve got the Millennials, which are a large generation that are providing a lot of consumption and ballast. That doesn’t exist in most of the rest of the world.”
And the rest of the world is screwed. “You’re looking at general economic degradation on a broad scale that we haven’t seen in well over a century and a half.”
Solution for the rest of the world is printing currency. Thus massive capital flight to more stable locations. “Nine cases out of ten that safer place is the United States.”
This all seems to excerpted from his book The End of the World Is Just The Beginning. As with some of his other videos, I think he’s identified some real concerns, but overstates his case (and the nearness of an imminent global trade collapse rather than some retrenchment). Irrational things can go on a whole lot longer than you might think they would be able to…
Hunter Biden’s laptop takes another turn in the news cycle, Democrat-connected sex offenders are popping up everywhere, a killer camel, and the return of Florida Man. It’s the Friday LinkSwarm!
And virtual no Russo-Ukrainian War news, since I did that yesterday.
I would say that everyone outside of the Democratic Media Complex knew that two years ago, but of course, more than half the Democratic Media Complex knew that as well and simply lied about it to get Biden elected.
Got to say this treat aged pretty well.
1. The Hunter Biden laptop story was true. 2. The story implicated Joe Biden in global pay-for-play graft from countries like Russia, China and Ukraine. 3. The #DemocraticMediaComplex suppressed the story because they wanted Biden to win.
The Mexican border city of Nuevo Laredo has been transformed into a warzone after the arrest of a top cartel boss. Burning vehicles littered the streets, and heavy gunfighting was reported causing the U.S. consulate to go on lockdown and the U.S. border crossing to be temporarily shut down on Monday.
The chaos erupted late Sunday when Juan Gerardo Trevino, or “El Huevo,” the leader of one faction of the Northeast Cartel, the successor group to the Zetas Cartel, was arrested. He is also a U.S. citizen, a Mexican government official told Reuters. Trevino is on the U.S. Customs and Border Protection’s (CBP) list of most wanted cartel members.
Trevino faces a U.S. extradition order for drug trafficking and money laundering.
In response to the arrest, cartel members hijacked and burned vehicles and attacked law enforcement and military personnel.
“During the night of Sunday, there were shootings, burning of trucks, and a grenade attack on the U.S. consulate,” Mexican newspaper El Occidental said.
On Monday, Nuevo Laredo Mayor Carmen Lilia Canturosas warned citizens in the border town to take cover.
The woke want to destroy science. “The giant plan to track diversity in research journals. Efforts to chart and reduce bias in scholarly publishing will ask authors, reviewers and editors to disclose their race or ethnicity.” Translation: Science is not sufficiently biased in favor of our political goals.
According to the latest Winston Group poll, voters still believe Democrats want to defund the police by a 48%-34% margin.
“In terms of what is the position of the Democratic Party, voters tend to believe that Democrats want to defund the police, ” pollsters David Winston and Myra Miller explain. “Among groups outside the Democratic Party, Hispanics believe this is what Democrats want (49%-32%), as do suburban voters (45%-36%). Independents believe this slightly at 41%-33%, but especially conservative independents (61%-20%).”
Despite the efforts to distance themselves from the movement, some in the Democratic Party still openly support defunding the police, which means that the public will continue to believe Democrats still embrace the radical Black Lives Matter. movement, not police.
Federal Reserve raises interest rates .25%, bringing it to .5%. Remember, in order to kill the last bout of inflation, Paul Volker hiked rates up to 20%. There’s a lot more pain ahead…and given the huge amount of quantitative easing centrals banks have done, and the extensive budget deficits most of the governments in the developed world are running, 20% may not be enough.
Researcher Kyle Becker produced in-depth, acclaimed portrait of just how much money Anthony Fauci was making. Result: Forbes fired him. (Hat tip: 357 Magnum.)
The electorate is increasingly pessimistic about the direction in which President Biden and Democrats are steering the country and feel that the party’s priorities do not align with their own.”
What’s the solution?
The pollsters advise that if Democrats want to have “a fighting chance in the midterms – as well as a shot at holding on to the presidency in 2024,” that they need to embark on a “broader course correction back to the center,” and show voters that they are focused on solving quality-of-life issues.
In short, Democrats need to reject their progressive wing and its embrace of big government spending and identity politics.
Indeed, a majority of voters (54 percent) — including 56 percent of independents — explicitly say that they want Biden and Democrats to move closer to the center and embrace more moderate policies versus embracing more liberal policies (18 percent) or staying where they are politically (13 percent).
Most voters (61 percent) also agree that Biden and Democrats are “out of touch with hardworking Americans” and “have been so focused on catering to the far-left wing of the party that they’re ignoring Americans’ day to day concerns” such as “rising prices” and “combatting violent crime.” -The Hill
The top issue for voters is inflation – which sits at its highest level in 40 years – according to 51% of respondents, followed by the economy and job creation (32%). Yet, just 16% of voters believe the economy is Biden’s main focus, and trust Republicans over Democrats to manage it (47% vs. 41%) and control inflation (48% vs. 36%).
Voters also see Biden and Democrats as weak on crime (56%) – perhaps due to four years of Democrats pushing ‘defund the police’ under Trump, while our sitting Vice President raised bail money for BLM rioters.
Speaking of groomers: “Clinton-Connected Haiti Pastor Indicted For Child Sexual Abuse & Assault…The United States is charging pastor Corrigan Clay with child sex abuse after “engaging in illicit sexual conduct” with a Haitian orphan he adopted…Corrigan is the co-founder of the non-profit charity “Apparent Project”, which is a Clinton-connected group selling jewelry, clothing and art made by Haitian orphans.”
Speaking of Democrats being soft on sex offenders, Missouri Republican Senator Josh Hawley uncovers why Biden Supreme Court nominee Judge Ketanji Brown Jackson deserves to be rejected:
Judge Jackson has a pattern of letting child porn offenders off the hook for their appalling crimes, both as a judge and as a policymaker. She’s been advocating for it since law school. This goes beyond “soft on crime.” I’m concerned that this a record that endangers our children
With the Nickel market shuttered after a Chinese stainless steel tycoon was caught with a historic, potentially fatal $8 billion margin call hanging over its head, today the London Metal Exchange announced that it will reopen its nickel market on Wednesday, more than a week after it was closed last Monday, after the Chinese company at the center of the epic short squeeze was bailed out by a consortium of banks led by JPMorgan which is also the largest counterparty to the short (for a detailed breakdown read “The 18 Minutes of Trading Chaos That Broke the Nickel Market”) .
Trading in nickel will resume after Xiang Guangda, whose massive short position equivalent to approximately 150,000 tons of nickel, sent shockwaves across the commodity market last week, announced a standstill with his banks to avoid further margin calls as Bloomberg first reported earlier. Xiang’s Tsingshan Group had been in discussions with banks led by JPMorgan about a loan facility to backstop his short position and said Monday that talks on the funding would continue during the standstill period. As a reminder, Xiang is JPMorgan’s largest counterparty, and owes Jamie Dimon several billion, money which the largest US bank would not receive unless it bailed out the Chinese firm.
If you owe the bank $100,000, you have a problem. If you owe the bank $8 billion, the bank has a problem…
Category: Extremely unexpected horrifying headlines: Petting zoo camel kills two. Not in the zoo, fortunately, as Humpy had busted out of the joint and was on the lam… (Hat tip: Dwight.)
“They figured surely to God we can move one person. We surely can badger and beat one person up. Surely we can get enough protesters to make that person uncomfortable enough that they’ll just say, ‘OK I’ll vote for anything,'” Manchin continued. “Well, guess what? I’m from West Virginia. I’m not from where they’re from and they can just beat the living crap out of people and think they’ll be submissive, period.”
• Spends nearly $5 trillion more on a path to big-government socialism over 10 years
• Gives tax breaks for the wealthy political donor class in mostly Democrat-run states at the expense of other Americans
• Imposes new mandatory programs that create dependency on government and cycles of poverty
• Expands existing inefficient welfare programs
• Adds $24,000 in debt on every American taxpayer, increases each taxpayer’s national debt burden to $111,000
• Wastes billions of dollars on unreliable “green energy” boondoggles
• Empowers new IRS agents to spy on Americans’ bank accounts
• Raises childcare costs for families by more than twice
• Adds more marriage penalties to the tax code, especially
hurting married, small-business owners
• Imposes new taxes on tobacco and nicotine
• Limits how much you can save for retirement
• Wastes even more money on failed ObamaCare programs
• Provides healthcare subsidies for wealthy Americans who don’t need assistance
• Increases taxes on petroleum that will further increase the price of gasoline
• Raises taxes on business that will lower wages, increase prices, and reduce return on investment
And that’s just the topline.
Of course, the things that made Build Back Better such an odious dumpster fire are what made it holy to Democratic Party grandees and the hard left, who are fuming that they have nothing to show for negotiations, and imploring Biden to somehow “get tough” with Manchin, as though a President can have a Senator arrested and put on a rack for disobeying his will.
Democrats are also worried that it will result in an electoral disaster in 2022. With Slow Joe’s horrendous first year, including record inflation and record Flu Manchu deaths from a virus he said he was going to eradicate, they were always going to have a disasterous midterm, but now they have a handy scapegoat.
Lots of Democrats have said that Manchin should be ejected from the party for his apostasy. Manchin says make his day.
Twenty groups have helped lead the “Save America” Coalition, including Americans for Prosperity, American Legislative Exchange Council (ALEC), Americans for Tax Reform, Center for Renewing America, Committee to Unleash Prosperity, Freedom Works, Heritage Action, Texas Public Policy Foundation, Goldwater Institute, Independent Women’s Forum and Job Creators Network.
[America First Policy Institute head Brooke] Rollins said she first realized while working as president and CEO of the Texas Public Policy Foundation, an Austin-based free-market think tank, that if conservative groups put differences aside and worked together for a common cause they could make a powerful change.
The very first call the coalition held, Rollins remembers saying, “If we do this right and if we put all the egos aside and we don’t worry about who gets the credit, it’s a new day for our entire movement.”
Knowing what was at stake and what the other side was capable of — Democrats are estimated to have spent between $50 to 100 million building public support for the bill — Rollins told the group it was “time to really come together.”
The coalition did polling nearly everyday with Scott Rasmussen to find the “weak underbelly of the bill,” Moore said, and joined together to run millions of dollars worth of advertising to “pound the airwaves” in West Virginia and Arizona where the two senators who were most likely to oppose the bill — Manchin and Senator Kyrsten Sinema (D., Ariz.) — are from.
Althouse thinks it’s all theater. “Whatever they say publicly I will test against the hypothesis that making it all about Manchin is political theater, designed to concentrate the blame where it will not hurt other Democrats, moderate Democrats, while they gain the opportunity to edit the excessively left-wing material out of the bill.”
On the surface this makes a lot of sense, as the Corrupt Wing letting the Insane Wing get so far out in front of their skis that Manchin is the only one who gets blamed when their insane ambitions get chopped down to size. On the other hand, little about the Biden Administration suggests Machiavellian geniuses steering the ship of state through subtle stratagems, and their manifest failures are far more likely to pink-slip remaining moderate Democrats in 2022 rather than dethroning the hard left.
The competing theory is that Democrats know they’re going to be wiped out in 2022, and all of them (even most of the so-called “moderates”) are hellbent on shoving radical change down America’s throat because they’re never going to get the chance again.
And that’s why they’re so furious with Manchin. He’s not only keeping their snouts out of that giant trough of taxpayer money, he’s keeping them from rigging the game and insuring they never get a chance to again, because they’ll be out of office and out of power.
In recent days, Williamson County and the city of Taylor had seemed to emerge as the frontrunner to land a $17 billion chipmaking plant planned by Samsung.
Now, it seems the technology giant has indeed picked the small Central Texas city as the site for its next major operation, according to media reports.
Citing unnamed sources with knowledge of the decision, the Wall Street Journal reported Monday night that Samsung has picked Taylor over sites in Austin, Arizona and New York.
Samsung has not formally confirmed the decision, and a company spokesperson did not immediately respond to messages left by the American-Statesman on Monday evening. However, the announcement is expected to be made in a news conference with Gov. Greg Abbott at the Texas Capitol on Tuesday afternoon.
If Samsung does, in fact, build the facility at the Taylor site, it will be the latest in a stunning run of economic development wins for the Austin area, and for its technology sector in particular.
Tesla announced Oct. 7 that the automaker will move its corporate headquarters from California to Austin. That news came 15 months after Tesla chose an Austin-area site as the home for its $1.1 billion manufacturing facility. Software giant Oracle announced last December that it was moving its corporate headquarters from California to Austin, and a number of other technology giants — including Apple, Facebook, Google and Amazon — have recently expanded their operations in Central Texas.
Samsung recently overtook Intel as the largest semiconductor manufacturer in the world, and along with TSMC, those three are also the only real players in cutting-edge under-10nm processes. As I’ve mentioned before, new cutting edge fabs are hideously expensive to build. TSMC is a foundry (which means they fab other people’s chip designs), while both Samsung and Intel are integrated device manufacturers (IDMs), meaning they fab their own designs, though I think both dabble in foundry work as a sideline. (Samsung is also one of the largest flat panel screen manufacturers in the world; flat panel manufacturing uses semiconductor manufacturing techniques, but is fundamentally a different industry, and just about all flat panels are produced in Asia these days.)
The decision to eliminate New York from the list was probably quite easy. Back when IBM was running it’s state-of-the-art fabs in East Fishkill, there was considerable technological infrastructure in the state. Back In The Day IBM had some of the most respected process technology knowledge in the industry. But then they got out of the manufacturing business, and the East Fishkill fab got sold to Global Foundries, who later sold it to ON Semiconductor. But today New York constantly ranks among the worst states in the nation for business environment, due to high taxes, excessive regulation, and the gradual decay of infrastructure and institutions that comes with one-party Democrat control.
Arizona is a much stronger candidate. Intel has a huge complex of modern fabs in Chandler and TSMC is building a state of the art fab in Phoenix proper, which means there’s a lot of local talent and infrastructure to draw on. A purple state, Arizona usually ranks in the top ten for a business-friendly climate, but they do have a personal income tax.
Texas, by contrast, is constantly rated as the top or second best business climate the the country (occasionally losing to Florida), and has no state income tax. Samsung already has a fab in Austin, along with older legacy fabs from NxP (ex-Motorola) and Infineon, along with significant presence by the major semiconductor equipment manufacturing giants (Applied Materials, Tokyo Electron, etc.). Taylor is close enough to Austin to draw on the technical talent and infrastructure there, without having to worry about the crazy left-wing politics, as Williamson County, while having turned a bit more purple lately, is still safe Republican territory.
Another solid reason to locate in Taylor: ERCOT is headquartered there, which means the area will never be power-cycled in an emergency. The winter storm evidently cost Samsung $268 million in lost revenue from the outage, which I can well believe. When the power goes off, all the equipment needs to be requaled, which is a long, painful process for a single machine, much less the some 200+ needed in a modern fab.
America has lots of tech hubs: Silicon Valley, Seattle, the North Carolina triangle, greater Boston, etc. But nobody is building cutting edge fabs in those areas. Central Texas has rapidly expanding software, hardware and silicon industries.
Austin is primed to be one of the greatest global tech hubs of the 21st century, assuming Austin political leadership doesn’t screw it up…
Vance Ginn and E. J. Antoni of the Texas Public Policy Foundation: “It has just $110 billion, or less than 10%, for what’s historically been considered infrastructure—roads and bridges. The other 90% is to fund mass transit waste, green energy nonsense, and more items that the states or the private sector could do.”
Obscured in more than 2,700 pages of the U.S. Senate’s so-called bipartisan “infrastructure” bill is a plan for state-mandated carbon reduction programs….
“A state, in consultation with any metropolitan planning organization designated within the state, shall develop a carbon reduction strategy,” according to the text, which is also in the officially released version of the bill.
The federal government oversees metropolitan planning organizations (MPOs), which are designated by agreement between the governor and local governments and represent localities in all urbanized areas (UZAs) with populations over 50,000, as determined by the U.S. Census, according to the Federal Transit Administration. There are at least 420 MPOs in the United States, the National Association of Regional Councils estimated.
No later than two years after the bill’s enactment, states would have to present their carbon reduction programs for approval to the secretary of transportation. The proposed strategies must meet several requirements to be considered “green” enough.
Requirements include but are not limited to:
Reducing traffic congestion by disincentivizing single-occupant vehicle trips and facilitating “the use of alternatives” like public transportation, shared or pooled vehicle trips, “pedestrian facilities,” and “bicycle facilities” within the state.
Facilitating the use of vehicles or modes of travel that result in “lower transportation emissions per person-mile traveled as compared to existing vehicles.”
Incentivizing the construction of vehicles that emit less carbon.
Buried in the “Infrastructure Investment and Jobs Act” in the U.S. Senate is approval for the Department of Transportation (DOT) to test a new federal tax on every mile driven by individual Americans.
The bill directs Secretary of Transportation Pete Buttigieg to establish a pilot program to demonstrate a national motor vehicle per-mile user fee designed “to restore and maintain the long-term solvency of the Highway Trust Fund.”
The objectives of the pilot program include:
To test the design, acceptance, implementation, and financial sustainability of a national motor vehicle per-mile user fee.
To address the need for additional revenue for surface transportation infrastructure and a national motor vehicle per-mile user fee.
To provide recommendations relating to the adoption and implementation of a national motor vehicle per-mile user fee.
Although the new tax is described as a pilot program and would initially rely upon “volunteers” representing all 50 states, the infrastructure measure would also require the Treasury Department to establish a mechanism to collect motor vehicle per-mile user fees from the participants.
This is a very bad camel to let get its nose into the tent.
Right now the bill is being slow-walked while the senate fights over amendments. Knowing the way Washington works, no amendments can fix this monstrosity, not least because it spends money we don’t have on garbage we don’t need to line the pockets of people who view taxpayers as pinatas. Republican senators should filibuster this budget-busting bill.
