Posts Tagged ‘Democrats’

The Panama Papers’ Clinton-Putin Connection Part 2

Saturday, April 9th, 2016

It turns out that there’s another Clinton-Putin collection revealed by the Panama Papers in the form of ubiquitous Clinton toady Sydney Blumenthal:

Bidzina Ivanishvili, a Georgian billionaire and former prime minister of the Caucasus state, is also named in the Panama Papers, which is believed to be the largest leaks of financial documents in history. A close ally of Russian President Vladimir Putin, Ivanishvili appeared in the Hillary Clinton email dump through her longtime friend Sidney Blumenthal.

Blumenthal, who played a middle-man role for Clinton, passed along a memo from Ivanishvili ahead of the 2012 Georgian elections. Ivanishvili was head of the Georgian Dream party, which successfully ousted then-Georgian President Mikheil Saakashvili, a U.S. ally.

Snip.

According to Blumenthal’s email, [former Clinton ambassador to Germany John] Kornblum was “working with the political party in Georgia opposing Saakashvili.”

Kornblum made the case that the U.S. should consider distancing itself from Saakashvili. He also asserted that the regime was cracking down on opposition parties, such as the Ivanishvili-controlled Georgian Dream coalition.

“There is a real chance Saakashvili could lose,” Kornblum wrote. “He is doing everything possible to avoid that indignity, including harassing Georgian Dream in ways described in the letters.”

“If Saakshvili clearly steals the election, there could be public discontent, violence and maybe a ‘wag the dog’ scenario with Russia,” he added.

In a memo passed to Blumenthal through Kornblum, Ivanishvili urged Clinton to support Georgian Dream.

“The first step back to the path of democracy must be an open and fair election that offers the hope of a peaceful transfer of power,” Ivanishvili wrote. “Recent polls suggest that Georgian Dream can make this happen, if the authorities give democracy a chance.”

Yes, because “peaceful democracy” and “Putin stooges” go together so well. And who wouldn’t want to ally with an America whose Secretary of State is willing to intervene in local elections on behalf of their political enemies?

Of course, betraying allies and comforting enemies has pretty much been the modus operandi of Obama/Clinton/Kerry foreign policy.

It is unclear if Blumenthal was paid for connecting Kornblum and Ivanishvili to Clinton. It is also unclear whether Ivanishvili directed Kornblum or Blumenthal to reach out to Clinton. Additionally, it is unclear how Clinton responded to the memos.

But as Gawker reported, attorneys with expertise in the Foreign Agents Registration Act, which governs foreign lobbying, say that Blumenthal and Kornblum should have registered as lobbyists.

Blumenthal frequently emailed Clinton with items ranging from political gossip to in-depth intelligence briefings gleaned from his deep reservoir of intelligence community sources. He lobbied heavily on behalf of a company called Osprey Global Solutions, which sought contracts in post-Gaddafi Libya.

And this is not the last time that Blumenthal will be mentioned here this weekend…

The Panama Papers:
The Clinton-Putin Connection

Friday, April 8th, 2016

Among my first thoughts when the Panama papers scandal broke was “How soon until until this is tied to the Clintons?”

The answer seems to be about four days:

The revelations of the so-called Panama Papers that are roiling the world’s political and financial elites this week include important facts about Team Clinton. This unprecedented trove of documents purloined from a shady Panama law firm that arranged tax havens, and perhaps money laundering, for the globe’s super-rich includes juicy insights into how Russia’s elite hides its ill-gotten wealth.

Almost lost among the many revelations is the fact that Russia’s biggest bank uses The Podesta Group as its lobbyist in Washington, D.C. Though hardly a household name, this firm is well known inside the Beltway, not least because its CEO is Tony Podesta, one of the best-connected Democratic machers in the country. He founded the firm in 1998 with his brother John, formerly chief of staff to President Bill Clinton, then counselor to President Barack Obama, Mr. Podesta is the very definition of a Democratic insider. Outsiders engage the Podestas and their well-connected lobbying firm to improve their image and get access to Democratic bigwigs.

Which is exactly what Sberbank, Russia’s biggest financial institution, did this spring. As reported at the end of March, the Podesta Group registered with the U.S. Government as a lobbyist for Sberbank, as required by law, naming three Podesta Group staffers: Tony Podesta plus Stephen Rademaker and David Adams, the last two former assistant secretaries of state. It should be noted that Tony Podesta is a big-money bundler for the Hillary Clinton presidential campaign while his brother John is the chairman of that campaign, the chief architect of her plans to take the White House this November.

Sberbank (Savings Bank in Russian) engaged the Podesta Group to help its public image—leading Moscow financial institutions not exactly being known for their propriety and wholesomeness—and specifically to help lift some of the pain of sanctions placed on Russia in the aftermath of the Kremlin’s aggression against Ukraine, which has caused real pain to the country’s hard-hit financial sector.

It’s hardly surprising that Sberbank sought the help of Democratic insiders like the Podesta Group to aid them in this difficult hour, since they clearly understand how American politics work. The question is why the Podesta Group took Sberbank’s money. That financial institution isn’t exactly hiding in the shadows—it’s the biggest bank in Russia, and its reputation leaves a lot to be desired. Nobody acquainted with Russian finance was surprised that Sberbank wound up in the Panama Papers.

though Sberbank has its origins in the nineteenth century, it was functionally reborn after the Soviet collapse, and it the 1990s it grew to be the dominant bank in the country, today controlling nearly 30 percent of Russia’s aggregate banking assets and employing a quarter-million people. The majority stockholder in Sberbank is Russia’s Central Bank. In other words, Sberbank is functionally an arm of the Kremlin, although it’s ostensibly a private institution.

Snip.

John and Tony Podesta aren’t fooling anyone with this ruse. They are lobbyists for Vladimir Putin’s personal bank of choice, an arm of his Kremlin and its intelligence services. Since the brothers Podesta are presumably destined for very high-level White House jobs next January if the Democrats triumph in November at the polls, their relationship with Sberbank is something they—and Hillary Clinton—need to explain to the public.

So in summary: Hillary Clinton’s campaign manager is a registered lobbyist for Vladimir Putin.

The Clintons generate corruption and conflict of interest the way bees make honey…

Ted Cruz Wins Wisconsin

Tuesday, April 5th, 2016

Ted Cruz wins Wisconsin with (as of this writing) about 55% of the vote.

Also, nationwide polls are now showing Cruz in a statistical dead heat with Donald Trump nationally.

Meanwhile, Bernie Sanders is winning on the Democratic side with about 54% of the vote.

Here’s a liveblog with more election tidbits. (Hat tip: Ed Driscoll at Instapundit.)

Hillary’s Email Scandal: Worse Than You Thought

Tuesday, March 29th, 2016

The Washington Post has a long piece up on how Hillary Clinton’s private email server scandal unfolded. Though quite restrained by the standards of the blogsphere, it paints a devastating portrait of Clinton and her aides not only blithely unconcerned about security, but plotting to bypass security and accountability from the get-go:

Hillary Clinton began preparing to use the private basement server after President Obama picked her to be his secretary of state in November 2008. The system was already in place. It had been set up for former president Bill Clinton, who used it for personal and Clinton Foundation business.

On Jan. 13, 2009, a longtime aide to Bill Clinton registered a private email domain for Hillary Clinton, clintonemail.com, that would allow her to send and receive email through the server.

Snip.

They were aware of a speech delivered by Joel F. Brenner, then chief of counterintelligence at the Office of the Director of National Intelligence, on Feb. 24 at a hotel in Vienna, Va., a State Department document shows. Brenner urged his audience to consider what could have happened to them during a visit to the recent Beijing Olympics.

“Your phone or BlackBerry could have been tagged, tracked, monitored and exploited between your disembarking the airplane and reaching the taxi stand at the airport,” Brenner said. “And when you emailed back home, some or all of the malware may have migrated to your home server. This is not hypothetical.”

At the time, Clinton had just returned from an official trip that took her to China and elsewhere in Asia. She was embarking on another foray to the Middle East and Europe. She took her BlackBerry with her.

Snip.

Few could have known it, but the email system operated in those first two months without the standard encryption generally used on the Internet to protect communication, according to an independent analysis that Venafi Inc., a cybersecurity firm that specializes in the encryption process, took upon itself to publish on its website after the scandal broke.

Not until March 29, 2009 — two months after Clinton began using it — did the server receive a “digital certificate” that protected communication over the Internet through encryption, according to Venafi’s analysis.

It is unknown whether the system had some other way to encrypt the email traffic at the time. Without encryption — a process that scrambles communication for anyone without the correct key — email, attachments and passwords are transmitted in plain text.

“That means that anyone could have accessed it. Anyone,” Kevin Bocek, vice president of threat intelligence at Venafi, told The Post.

The Post piece is well worth reading, even if it avoids the conclusion already drawn by everyone not already a Hillary Clinton backer: She set up a private server to avoid legal accountability while doing back-channel deals with foreign powers that directly benefited herself, the Clinton Foundation (but I repeat myself), her friends and cronies.

Then there’s this: “Because Clinton did not use desktop computers, she relied on her personal BlackBerry.” Wait, a high ranking government official in the 21st century “doesn’t use personal computers”? Who is she, your grandmother that complains she can’t play solitaire because you closed the games directory on Windows 95?

(Hat tip: Director Blue.)

Texas vs. California Update for March 24, 2016

Thursday, March 24th, 2016

Time for another Texas vs. California update:

  • California’s underfunded pension debts put it $175.1 billion in the red. “More than 51 percent ($89.9 billion) of the negative $175.1 billion consists of unfunded, employee-related, long-term liabilities.” (Hat tip: Pension Tsunami.)
  • A initiative to hike California’s minimum wage to $15 an hour has made the ballot. Also known as the “Send as much business as possible to Texas” act.
  • Speaking of which, Texas’ unemployment rate fell to 4.5% in January.
  • Germany and Sweden have lower median incomes than Texas. Indeed, were Germany and Sweden to join the union, they would instantly be among the poorest states.
  • Big Government advocates in California are fighting to renew a “temporary tax” on all those millionaires earning $250,000 or more a year. “The extension measure is again supported by the California Teachers Association and Service Employees International Union.”
  • California traffic fines have turned into a huge tax on the poor. “California is filled with people who are one traffic ticket away from losing their means of independent transportation. They get a ticket for a busted taillight or a small-change moving violation. On paper, the fine is $100, but with surcharges, it adds up to a lot more.” Which is why they’re having an amnesty to pay a reduced rate on outstanding tickets. But there’s a catch: “The practice of throwing in extra sources of revenue is so ingrained in Sacramento that there is a $50 amnesty program fee.” (Hat tip: Instapundit.)
  • Fresno’s pension system “is the only public pension program in California – and one of only a few in the United States – that has a surplus instead of unfunded pension liabilities.” (Hat tip: Pension Tsunami.)
  • “When unfunded pension, medical and other liabilities are formally included on its balance sheet, the [Orange County] Fire Authority’s debts exceeded its assets by $169 million for the fiscal year that ended in June,” the Register’s OC Watchdog wrote. “That’s a plunge of more than 680 percent in its ‘net position,’ or more than $420 million, over a single year.” (Hat tip: Pension Tsunami.)
  • California has a problem cutting pensions even when they’re going to convicted felons. (Hat tip: Pension Tsunami.)
  • Assisted suicide becomes legal in California June 9.
  • How long will California continue to consider itself part of the United States? (Hat tip: Ed Driscoll at Instapundit.)
  • Over 200 BART employees earned over $200,000 a year in total compensation.
  • California’s already long-delayed and already over-budget high speed rail fantasy is planning to put much of the initial segment underground due to community and environmental concerns. Problem: Digging those tunnels will probably cost $1 billion a mile.
  • California short-hauler Total Transportation Services Inc. files for bankruptcy.
  • “The parent company of Carl’s Jr., founded in Anaheim 60 years ago, is relocating its California headquarters to Nashville, Tenn.”
  • Kohl’s is closing nine stores in California, out of 18 total closing nationwide (none in Texas).
  • On the other hand, Sports Authority is closing slightly more stores in Texas (24) than California (19). Meh. I liked the stores more when they were Oshman’s…
  • California’s Quantum Fuel Systems Technologies Worldwide Inc., which manufactures and sells fuel systems and storage tanks for vehicles fitted for compressed natural gas, filed for bankruptcy. The fact the company has already gone through two reverse splits suggests long-running troubles…
  • Of course, being in Texas won’t prevent some municipalities of spending like they’re in California: San Antonio to spend almost $100,000 on a toilet.
  • Likewise, Houston’s credit rating been downgraded by both Moody’s and Standard & Poor’s due to “the city’s large unfunded pension liability.” Maybe former Houston Mayor Annise Parker should have spent more time on trimming expenses and fixing crummy surface streets than suing churches and tranny bathrooms…
  • LinkSwarm for March 18, 2016

    Friday, March 18th, 2016

    I hope you’re not too hung over from St. Patrick’s Day (and didn’t get stabbed to death on the Ides of March). Here’s a Friday LinkSwarm:

  • Marco Rubio says that Ted Cruz is the only conservative left in the race. (Hat tip: Director Blue.)
  • John Boehner calls Ted Cruz “Lucifer.” With that even-tempered perspective, it’s impossible to figure out why he’s no longer Speaker…
  • Ted Cruz unveils his national security coalition. Media reports on this have been particularly poor…
  • African-Americans living in poor neighborhoods cannot rely on Democratic leaders to take the decisive steps needed to ameliorate the problem as long as the Democratic Party can take the black vote for granted. The question, then, is how long can Democratic Party leaders and candidates continue to rely on African-American voters before African-American voters take matters into their own hands.”
  • No amount of primary wins will make Hillary Clinton’s email troubles go away.
  • And if the FBI doesn’t get her, the NSA might. (Hat tip: Instapundit.)
  • “The Tea Party movement — which you also failed to understand, and thus mostly despised — was a bourgeois, well-mannered effort (remember how Tea Party protests left the Mall cleaner than before they arrived?) to fix America. It was treated with contempt, smeared as racist, and blocked by a bipartisan coalition of business-as-usual elites. So now you have Trump, who’s not so well-mannered, and his followers, who are not so well-mannered, and you don’t like it.”
  • Got to hand it to Donald Trump: this is an effective ad. (Hat tip: Ace of Spades HQ.)
  • Jews leave France in record numbers. (Hat tip: Ed Driscoll at Instapundit.)
  • Obama Administration finally comes out and admits that the Islamic State has committed genocide against Yazidis, Christians and Shiites. That’s like Harry Truman finally declaring the Holocaust genocide two years after the liberation of Auschwitz…
  • Putin takes his toys and goes home.

    Contrary to his expectations of finding a pliable ally in Iran, he found the Iranians in control, glad to borrow his air force, arrogant and disdainful in Damascus (and Baghdad) and well on the path to dominating a vast stretch of strategically vital territory. And Iran has no interest in playing junior partner to anyone—least of all a traditional Christian enemy.

    Suddenly, Putin had a vision of a nuclear-armed, radical-Shia empire on Russia’s southern flank. Those Iranian missiles that can reach Israel? They can reach major Russian cities, too.

    Putin’s initial bet on Shia Iran also backfired by turning the Islamic world’s Sunni majority against him — not least Saudi Arabia, which can continue to hold down the price of oil and gas, punishing Russia’s economy far more than it wounds American fracking efforts. And Sunni terrorists have taken a renewed interest in Russia.

  • Hellfire missile intercepted in-route to Portland, Oregon.
  • Minimum wage hike causes fast food restaurants to start investing in automation. Just like conservatives said it would.
  • Texas Public Policy Foundation vs. Bureau of Land Management is now TPPF and The State of Texas vs. BLM. (More background here.)
  • Penny Arcade on Gawker:

    Gawker is poison AIDS cancer. In the same way that the Cross is the symbol for the redemptive power of Christ’s blood, Gawker is the symbol of a metastasized social media. Gawker is Nidhogg, the dragon which gnaws at the root of the World Tree. The causes they enunciate are tarnished, just for being in their mouths.”

    I don’t wish ill on anyone who works there, obviously. I mean, I guess their every action technically does sustain a legitimately evil beast of legend, some Revelations type shit, and they ruin lives for profit whenever they aren’t simply wasting your time.

  • Texas Attorney General Ken Paxton rules that state contractors must continue using E-verify.
  • Everything you know about Altamont is wrong. (Hat tip: Ed Driscoll at Instapundit.)
  • The story behind that memorial mural on the pillar at the Lamar underpass right before Fifth Street.

    Lamar Mural

  • Man the pollen in the air is really bad this time of year in Austin…
  • Dog shows up safe a month after being presumed lost at sea. (Hat tip: Borepatch.)
  • Will the last Elvis impersonator to leave Las Vegas please turn off the neon.
  • LinkSwarm for March 4, 2016

    Friday, March 4th, 2016

    Enjoy another Friday LinkSwarm!

  • Justice Department grants immunity to former state department staffer who ran Hillary’s email. Hmmm…
  • The four laws Hillary broke in her email scandal. (Hat tip: Director Blue.)
  • Being a Democrat means never having to apologize for statutory rape. (Hat tip: Robert Stacy McCain.)
  • Ace of Spades reviews the latest Republican debate: “John Kasich: Continued playing to his core supporters of artisinal bong craftsmen and elderly public masturbators.” Donald Trump: “Added some substance to his foreign policy platform by declaring that he would force American soldiers to break the law and murder children. On other issues, he was less reassuring.” You’ll just have to go over and read the extended “clowns and burning blind children” metaphor for yourself…
  • Rich Lowry: “Cruz had a terrific night. He was strong and in command in his exchanges with Trump, and drew blood on Trump’s Hillary donations, his participation in the political influence game and the New York Times transcript.”
  • Why the Republican establishment had Trump coming:

    Republicans promised to build a wall along the Mexican border, fix illegal immigration, balance the budget, rein in the IRS, cut waste and fraud, defund Obama’s illegal executive orders. But every time they’re handed the controls of government, they invent some new excuse for not delivering.

    The last budget that Republicans in the House and Senate passed did the opposite of everything the GOP leaders pledged when trying to get these people’s votes. Senate Majority Leader Mitch McConnell seemed to be sending out an email to every Republican voter: Sorry, we lied.

  • Moe Lane takes a look at this Saturday’s closed primaries.
  • Da Tech Guy further notes that Cruz was behind Trump in polling for the closed primaries in Iowa, Oklahoma and Alaska, but won all three. “Of the next 9 contests Kansas, Kentucky, Louisiana and Maine (March 5th) Puerto Rico (March 6th), Hawaii, Idaho, Michigan, Mississippi (March 8th), all but Puerto Rico & Mississippi are closed primaries.” (Hat tip: Conservatives 4 Ted Cruz.)
  • “How the P.C. Police Propelled Donald Trump: By assailing sensible conservatives as sexists, racists, and imbeciles, they paved the way for a jackass who embodies their worst fears.” Oh, now you get it? Now, when it’s no longer convenient to ignore the truth for political gain? (Hat tip: Ed Driscoll at Instapundit.
  • “Racial justice is cool mainly when there’s something in it for the white liberal activist.”
  • If you didn’t notice on Tuesday, former senate candidate and International Man of Mystery Grady Yarbrough made the Railroad Commissioner runoff on the Democratic side along with Cody Garrett (who seems to tout how many unions he’s joined as a major achievement), and Wayne Christian and Gary Gates on the Republican side.
  • I see that Spotlight won the Oscar. Consider the source and take this piece with several grains of salt, but it suggests that the movie got the story all wrong and that some innocent priests were swept up in the same moral panic and “repressed memories” junk science that defined the McMartin Preschool case, with an added dollop of greedy trial lawyers on top.
  • My review of Hail, Caesar!
  • Newly discovered Mozart-Salieri Score.
  • LinkSwarm for February 29, 2016

    Monday, February 29th, 2016

    Happy Leap Day, everyone! Enjoy a yuge LinkSwarm, and if you’re in Texas or another Super Tuesday state, take time to dig out your voter registration card for tomorrow.

  • The Case for Cruz: The Math. “In the states where Cruz is ahead of Rubio in the upcoming Super Tuesday, he is either beating Trump or within striking distance. In the states where Rubio is ahead of Cruz in the upcoming Super Tuesday, Trump has a huge lead. Rubio doesn’t lead in a single state.” (Hat tip: Director Blue.)
  • “Sixteen Reasons Why Ted Cruz Is The Better Anti-Trump Than Rubio.” (Hat tip: Director Blue.)
  • The Millennial Case For Ted Cruz. “Polls show that Hillary beats Trump in a general election. On the other hand, Cruz beats Hillary in a general election.” (Hat tip: Conservatives for Ted Cruz.)
  • Cruz releases nine years of tax returns, calls on Trump to do the same.
  • Analysis of Ted Cruz’s positions on defense.
  • How Ted Cruz’s ads are so Hollywood slick.
  • Cruz has rebuilt his stump speech around the Scalia vacancy.
  • Lefty Robert Reich’s attacks on Ted Cruz provides yet more reasons to vote for Cruz.
  • Our cultural elites just can’t figure out why those ignorant gun- and religion-clinging redneck freaks of JesusLand keep flocking to Trump when he says he love them. It’s an insoluble mystery…
  • 40 reasons not to vote for Donald Trump.
  • Trump University was a scam. “Many people believe that higher education is a de facto scam. Trump University, Donald Trump’s real-estate institution, was a de jure one.”
  • Hillary heckled.
  • DNC vice chair steps down to support Bernie Sanders. An understandable move, given the DNC is so far in the tank for Hillary under Debbie Wasserman Schultz that supporting Sanders is probably looked on as akin to treason… (Hat tip: Instapundit.)
  • Mark Steyn lays out some grim election analysis: “No one loses as expensively as Republicans.”
  • 720,000 taxpayers have their tax form information stolen from the IRS. Our country is in the very best of hands!
  • Public employee unions are the establishment. (Hat tip: Pension Tsunami.)
  • Left-wing protesters shut down lecture on welfare reform at London School of Economics. Here’s the book protester’s don’t want people to read: Adam Perkins’ The Welfare Trait: How State Benefits Affect Personality.
  • Muslim immigrants will cost Sweden fourteen times more than their defense budget. Good thing Germany and Russia are such historically peaceful neighbors…
  • Merkel must have a political death wish: “German Chancellor Angela Merkel on Sunday defended her open-door policy for migrants, rejecting any limit on the number of refugees allowed into her country despite divisions within her government.”
  • Stratfor analyses China’s new military facilities on Woody Island. “While the media’s response to China’s actions on Woody Island suggests that they represent a watershed moment in the militarization of the South China Sea, in reality they are neither surprising nor particularly meaningful.”
  • How disasterous Venezuelan President Nicolas Maduro could be removed from power.
  • The truth about the MiG-29. Longish but interesting piece. Turn out the Soviet super fighter was very good at basic fighter aircraft maneuvers, but had poor avionics that severely limited the pilot’s situational awareness.
  • Mass transit doesn’t actually save any energy. (Hat tip: Ace of Spades HQ.)
  • Male feminism is a sort of disease.”
  • Joe Straus’ primary opponent Jeff Judson has a couple of major financial backers, including Alice Walton.
  • Beloved, innocent man shot down by Seattle police. And by “innocent” I mean “a convicted rapist with a gun, crack and heroin.”
  • “Turn down the fucking music.” “The more and more you attempt to compensate for the fact people have no social skills, making the music so loud conversation is impossible, the more and more intelligent and competent people you will drive away.” (Hat tip: Ed Driscoll at Instapundit.)
  • Soldier of Fortune magazine to cease publication.
  • Man makes video designed to show that SERPA holsters are safe, proves the opposite. (Hat tip: Tam via Dwight.)
  • Tweet 1: The bus is turning around. Tweet 2. The bus is on fire. Tweet 3. The bus exploded. (Hat tip: Moe Lane.)
  • The OSS World War II escape knife.
  • Following Minimum Wage Rate Hike, Seattle Employment Declines…Unexpectedly!

    Saturday, February 27th, 2016

    Remember how liberals crowed about Seattle’s minimum wage hike was raising people out of poverty without any negative economic effects whatsoever?

    Not so much:

    Early evidence from the Bureau of Labor Statistics (BLS) on Seattle’s monthly employment, the number of unemployed workers, and the city’s unemployment rate through December 2015 suggest that since last April when the first minimum wage hike took effect: a) the city’s employment has fallen by more than 11,000, b) the number of unemployed workers has risen by nearly 5,000, and c) the city’s jobless rate has increased by more than 1 percentage point (all based on BLS’s “not seasonally adjusted basis”).

    Moreover, this occurred when the surrounding area was still adding jobs:

    While the city of Seattle experienced a sharp drop in employment of more 11,000 jobs between April and December last year [employment] in Seattle’s neighboring suburbs outside the city limits (Seattle MSA employment minus Seattle city employment) increased over that period by nearly 57,000 jobs and reached a new record high in November 2015 before falling slightly in December.

    [Additional] evidence showing that while jobs in the city of Seattle were tanking starting last April, employment in the suburbs surrounding Seattle was increasing steadily to a new record high in November. That departure in employment trends: job declines inside the city limits of Seattle compared to increasing employment outside the city limits suggests the possibility that the difference in labor costs could have been a contributing factor.

    Strangely enough, once again the economic laws of supply and demand are not repealed when liberals find them inconvenient.

    Texas vs. California Update for February 25, 2016

    Thursday, February 25th, 2016

    Been too long since I did a Texas vs. California roundup, so here it is:

  • Dark Age California:

    There are large areas of Central California that resemble life in rural Mexico. Within a radius of five miles I can go to stores and restaurants where English is rarely spoken and there is no racial or cultural diversity—a far cry from Jeb Bush’s notion of an “act of love” landscape.

    With unemployment at 10% or more in the interior of the state, with the public schools near the bottom in the nation, and with generous entitlements, it is no accident that one in six in the nation who receive public assistance now live in California, where about a fifth of the population lives below the poverty line.

    One in four Californians also were not born in the United States; more than one in four who enter the hospital for any cause are found upon admittance to suffer from Type II diabetes. The unspoken responsibility of California state government is to bring state-sponsored parity to new arrivals from Oaxaca, and to do so in ideological fashion that ensures open borders and more government. It is the work of a sort of secular church, and questioning its premises is career-ending blasphemy.

  • “California has come a long way to dig itself out of budget deficits, but the state remains on shaky ground due to nearly $400 billion in unfunded liabilities and debt from public pensions, retiree health care and bonds.” More: “It’s California’s debt and liabilities that are concerning financial analysts, particularly the state’s rapidly growing unfunded retiree health care costs, which grew more than 80 percent over the past decade. California has promised $74 billion more in health and dental benefits to current and retired state workers than the state has put aside.” (Hat tip: CalWatchdog.)
  • And new accounting rules make those unfunded liabilities harder to ignore.
  • The problem might not be quite as bad as it is did not CalPERS and CalSTARS insist on politically correct investments. (Hat tip: Pension Tsunami.)
  • San Francisco political officials indicted:

    A retired city employee and a former city commissioner who are at the center of bribery allegations involving Mayor Ed Lee were charged with multiple felonies including bribery and money laundering, San Francisco District Attorney George Gascon announced at a news conference Friday afternoon.

    Also charged Friday was political consultant and former San Francisco Unified School District Board of Education President Keith Jackson, who pleaded guilty last year to racketeering charges.

    The district attorney’s office charged recently retired Human Rights Commission employee Zula Jones, ex-HRC commissioner Nazly Mohajer and former political consultant Keith Jackson.

    Remember that Zula Jones and Nazly Mohajer were fingered by Leeland Yee’s attorneys as being the go-betweens for bribing Lee. This brings up the question (yet again): Why hasn’t Lee himself been indicted?

  • And speaking of California government officials being indicted: “Retired Los Angeles County Sheriff Lee Baca pleaded guilty Wednesday to lying to federal investigators, a stunning reversal for the longtime law enforcement leader who for years insisted he played no role in the misconduct that tarnished his agency.” (Hat tip: Dwight.)
  • Jerry Brown vetoes kangaroo court minimums for college sexual assault cases.
  • “Brown pushed for the giant pension fund CalPERS to lower its assumed investment return from 7.5% to 6.5%. Given that the world is headed towards deflation and that CalPERS earned only 2.4% for the fiscal year ended June 30, 2015, Brown’s request seemed entirely reasonable. Instead, the board approved a staff proposal to move to the 6.5% target over 10 years.” (Hat tip: Pension Tsunami.)
  • CalPERS board President Rob Feckner, serving his twelfth term, casts deciding vote against proposal for term limits for board members. “Feckner was president of the California School Employees Association for four years and executive vice president of the California Labor Federation for five. Such a conflict of interest wouldn’t be tolerated with the president of other boards of directors. But with CalPERS, it’s par for the course.” (Hat tip: Pension Tsunami.)
  • San Diego voters: We want pension reform! Union-stacked Public Employment Relations Board (PERB): Get stuffed, peasants! Result: Lawsuit. (Hat tip: Pension Tsunami.)
  • The middle class is fleeing California. “In 2006, 38 percent of middle-class households in California used more than 30 percent of their income to cover rent. Today, that figure is over 53 percent.”
  • California tech industries continue their exodus to Texas:

    The tech industry in the Bay Area has become a victim of its own success – and state policies. Like many other California businesses, tech firms are relocating or expanding operations in others states – particularly Texas – at an alarming rate.

    Some companies spend significant amounts of time and money finding and training the right workers, only to see them poached by a flashy startup within a number of months. The need for a more stable workforce was one of the main reasons cloud-computing company LiveOps Cloud moved from Silicon Valley to a suburb of Austin, Texas, CEO Vasili Triant told the San Francisco Chronicle.

    Other reasons to move or expand out-of-state are government-created: high taxes, burdensome regulations, unaffordable housing due to excessive development fees and restrictive land-use policies. California’s highly-educated workforce is not so unique anymore, and its quality of life has been tarnished by regulatory and affordability issues. Texas, by contrast, has no personal income tax and no corporate income tax (though it does have a less-onerous gross margins tax), and is universally hailed for having one of the friendliest business climates in the nation.

    Google, Facebook, Apple, Dropbox, Oracle and nearly two dozen other Bay Area tech companies have all built or expanded facilities in Texas just since 2014, the Chronicle reported. There have been more than 1,500 publicly reported California “disinvestment events” across all industries over the past seven years, according to a November report from Spectrum Location Solutions, an Irvine-based business relocation consulting firm, although it estimated the actual tally at as high as 9,000. A California business “can save 20 percent to 32 percent of labor costs by relocating a facility out of state,” Spectrum president Joe Vranich told us last year.

  • More on the theme:

    Between 1997 and 2000, during the peak of the dot-com boom, the Bay Area was a net importer of Texans: About 1,500 more households moved into the region from Texas than vice versa, bringing an additional $191 million (2015 dollars) in taxable income into the region, according to IRS data, which tracks the movement of taxpaying residents.

    The trend changed in the early 2000s, and Texas has been a net importer of Bay Area households ever since. Between 2009 and 2012, as the recession was winding down and the second tech boom was revving up, the region lost about 1,430 households to Texas, and nearly $390 million in taxable income.

    Snip.

    I had a guy working for me (in the Bay Area) making $200,000 a year, struggling to pay his bills,” company CEO Triant said. “In lots of places in the country you’re living high on the hog on $200,000. … As far as work life balance and employee morale, we have absolutely seen a remarkable increase since moving here; it’s night and day.”

    The firm still keeps a small Bay Area office, and Triant speaks fondly of his hometown of San Diego and California in general.

    But when it comes to building a company and running a business, he has found a new home in Texas. “I want my employees to be able to have a good quality of life, live in a city with low crime rates, good schools,” he said. “And that’s what we’re doing here.”

  • “It’s no coincidence that Texas and Florida have thrived while New York and California have not. High levels of taxes, spending, and regulations make it more difficult for entrepreneurs to be successful. When entrepreneurs cannot expand their businesses and hire new workers, everyone is hurt, not just the rich.”
  • In the course of verifying a Rep. Joe Straus campaign ad, Polifact confirms that Texas has grown twice as fast as the rest of the country.
  • The University of California, Berkeley, is running a $150 million deficit this year. (Hat tip: Pension Tsunami.)
  • UC Academic Senate rejects task force’s proposed retirement benefits plan that, keeping with Jerry Brown’s modest pension reforms, would pay them a measly $117,020 pension benefit. (Hat tip: Pension Tsunami.)
  • “What’s more important: High-speed rail or water? Proponents of a proposed ballot measure would force voters to choose just that. The measure would redirect $8 billion in unsold high-speed rail bonds and $2.7 billion from the 2014 water bond to fund new water storage projects.”
  • Speaking of water restrictions, looks like Californians will get to enjoy them for another year.
  • Sure, Covered California (California’s ObamaCare) may be incompetent. But it’s also corrupt. The state auditor “criticized the exchange for not sufficiently justifying its decision to award a number of large contracts without subjecting the contractors to competitive bidding.”
  • California is releasing many felons as part of a “mass forgiveness” program. Including a murderer who tied up a husband and wife and beat them to death with a pipe.
  • California adds Aloe Vera to list of cancer-causing substances. “The problem is that the 800+ chemicals listed in Proposition 65 are not devised to protect consumers, but rather serve as a cash cow for private trial lawyers to sue small business and reap the hefty settlement payout. Since 1986, nearly 20,000 lawsuits have been filed, adding up to over half a billion dollars in settlement payments by business owners.” (Hat tip: Ed Driscoll at Instapundit.)
  • San Francisco’s planning process is designed for gridlock.
  • Bankrupt San Bernardino has reached a settlement with its firefighters union.
  • Heh. “The movement to emblazon state legislators with the logos of their donors has collected tens of thousands of signatures for its would-be ballot initiative.The measure, formally called the ‘Name All Sponsors California Accountability Reform (or NASCAR. Get it?) Initiative,’ would require all state legislators to wear the emblems or names of their 10 top donors every time they attend an official function.” The ballot initiative has already collected 40,000 signatures…
  • Huge soda pop collection is coming to the Dr Pepper museum in Waco.