Posts Tagged ‘Silicon Valley’

Democratic Presidential Clown Car Update for April 15, 2019

Monday, April 15th, 2019

More Q1 numbers are trickling out. Harris, Sanders and O’Rourke all did well, Gillibrand and Castro did poorly. Insert your own Biden as Hamlet sentence here.

Fundraising

More Q1 fundraising numbers, continued from last week, with new additions announced

  1. Bernie Sanders: $18.2 million from 525,000 donors
  2. Kamala Harris: $12 million from 138,000 donors
  3. Beto O’Rourke: $9.4 million from 218,000 contributions (number of donors not specified)
  4. Pete Buttigieg: $7 million from 158,550 donors
  5. Elizabeth Warren: $6 million from 135,000 individuals
  6. Amy Klobuchar: $5.2 million (number of donors not specified)
  7. Cory Booker: $5 million (number of donors not specified)
  8. Kirsten Gillibrand: $3 million
  9. Andrew Yang: $1.7 million from 80,000 donors
  10. Julian Castro: $1.1 million

For the sake of comparison, incumbent president Donald Trump pulled in pulled in $30 million, and has $40 million in hand.

Polls etc.

Emerson: Sanders 29, Biden 24%, Buttigieg 9%, Harris and O’Rourke at 8%. I think that’s the first poll that had Sanders over Biden, or Buttigieg over Harris and O’Rourke.

538 Presidential roundup.

538 polls.

Democratic Party presidential primary schedule.

Decision Desk has helpfully compiled a stream of 2020 Presidential candidate tweets.

Pundits

Washington Post‘s The Fix rates the candidates in order of likeliness to be a nominee. Any list that ranks Warren third and Biden sixth can’t be taken seriously.

Heh: “Scientists Recommend Reducing The Number Of Democratic Presidential Candidates To Help Fight Climate Change.” “Scientists recommend the current Democratic field be reduced to less than half the current number or we could see an increase in hurricanes, droughts, kaiju, and ‘other climate change things.'”

Now on to the clown car itself:

  • Losing Georgia gubernatorial candidate Stacey Abrams: Maybe? Krystal Ball (yes, her real name) make the case for Abrams. “You can just hear the narrator intoning: “With hard work and perseverance, anyone can succeed. America is the land of opportunity.’ But, Abrams doesn’t seem to buy that narrative. For one thing, in spite of all of her success in the grand American meritocracy, Abrams still found herself filing for governor at a time when she owed $170,000 in consumer and student loan debt and $50,000 in taxes.” Wait, you’re making the case for Abrams? As for running statewide:

  • Creepy Porn Lawyer Michael Avenatti: Out. But see Friday’s LinkSwarm for more information on this prince among men and his multiple felony indictments.
  • Addition: Actor Alec Baldwin: Maybe? No news from Baldwin himself since floating last week’s Twitter balloon, but this piece suggests Democrats should run a celebrity…just not Alec Baldwin.

    In one of the Twitter rants he is always getting up to, Alec Baldwin claimed the other day that if he ran for president in 2020, he could beat President Trump. It would be “easy,” he said. “So easy. So easy.”

    I’m not so sure he’s right about this. No one over the age of 35 watches Saturday Night Live anymore, certainly not outside our major cities. Normal people don’t know who is being parodied in your 37th different sketch about some minor White House official, which makes laughing along kind of difficult. What else do Americans associate Baldwin with these days, apart from 30 Rock and that one funny monologue in Glengarry Glen Ross? His stint narrating Thomas and Friends? The Hunt for Red October? I just don’t think he’s beloved enough.

    Wait, people under the age of 35 watch Saturday Night Live? I’ll need to see documented evidence of that…

  • Colorado Senator Michael Bennet: Leaning toward a run. Despite his cancer diagnosis, he was visiting Iowa, which suggests he’s not easily deterred.
  • Former Vice President Joe Biden: Leaning Towards Running. He’s evidently planning to run as Obama’s pale third term. I’m not sure that’s the red tofu Democratic activists are longing to hear, but it may not matter. Biden also has an advantage in having every old Democratic office holder at his beck and call. Here’s a Vanity Fair piece on how the #MeToo creeper stuff is going to hurt him; it’s unconvincing, and it’s the same argument liberals made about the Billy Bush tape sinking Trump. He’s also delivering Fritz Hollings’ eulogy.
  • Former New York Mayor Michael Bloomberg: Maybe. Nothing since last week’s “he might run after all” blip.
  • New Jersey Senator Cory Booker: In. Twitter. Facebook. He had a kickoff campaign event in Newark, where he did the usual “Republicans are evil racists who will kill you” scaremongering. Whistling past the graveyard: “Cory Booker Hasn’t Taken Off Yet, but His Campaign Doesn’t Mind.”
  • Former California Governor Jerry Brown: Doesn’t sound like it.
  • Ohio Senator Sherrod Brown: Out.
  • Montana Governor Steve Bullock: Leaning Toward In, but is reportedly going to wait until Montana’s legislative session finishes, which would be May 1. Now that date is not so far away…
  • South Bend, Indiana Mayor Pete Buttigieg: In. Twitter. Facebook. He did the “I was already running but now I’m officially officially running” thing. A report on his speech makes it sounds like all the usual Democratic talking points. “Buttigieg criticized what he called the more conservative connotation of the word “freedom,” one that he said refers simply to freedom from the government. He instead talked about government having a role in promoting other freedoms: from racism, gender inequality, unfair working conditions, financial exploitation, a lack of affordable health care.” Big Brother needs to get bigger! Kurt Schlichter wants us to remember how annoying Buttigieg is. Hmmm: “Austin Mayor Steve Adler backing Buttigieg two weeks after welcoming Beto at hometown rally.” Those liberal college town mayors have to stick together…
  • Pennsylvania Senator Bob Casey, Jr.: Out.
  • Former San Antonio Mayor and Obama HUD Secretary Julian Castro: In. Twitter. Facebook. Castro only raised $1.1 million in Q1. Even by the standard of a guy that’s not setting the campaign trail on fire that’s piss-poor. Gets a Vox profile.
  • Former First Lady, New York Senator, Secretary of State and losing 2016 presidential candidate Hillary Clinton: Out. But for some inexplicable reason she and her husband are out on a speaking tour. Of course, it could be the very explicable reason of “money.”
  • New York City Mayor Bill De Blasio: Leaning toward In. “New York City mayor tests chilly waters for presidential run.” “Chilly” as in “Hydrogen freezes.”
  • Maryland Representative John Delaney: In. Twitter. Facebook. He campaigned in Pennsylvania. “At a Tuesday night event hosted by Penn Democrats, Delaney billed himself as a different type of Democrat, offering a centrist vision for the nation.” The picture shows a crowd of what looks to be about 25 people, despite a plate of free sandwiches in the room…
  • Hawaii Representative Tulsi Gabbard: In. Twitter. Facebook. She hit the goal of 65,000 donors to put her on the debate stage, but no word yet of how much money she actually raised. Also, Hawaii Democratic State Senator Kai Kahele says he’s raised $250,000 to primary Gabbard for her U.S. congressional seat.
  • Los Angeles Mayor Eric Garcetti: Out.
  • New York Senator Kirsten Gillibrand: In. Twitter. Facebook. She raised $3 million in Q1, which is piss poor by the standards of a sitting new York senator. She should have been able to shake down that much from Wall Street the day she announced. her staff is blaming her stand on Al Franken. Heh: “White House National Security Adviser John Bolton could not stop laughing when played a clip of Sen. Kirsten Gillibrand (D., N.Y.) discussing her opposition to “tactile” nuclear weapons on the campaign trail.”
  • Former Tallahassee Mayor and failed Florida Senate candidate Andrew Gillum: Probably not. Seeing no sign he’s running for President in 2020. But this is interesting: “Former Gubernatorial candidate Andrew Gillum built up some serious hype when he launched a voter drive. That work will be done with his Forward Florida political committee, which he now chairs. But it appears Gillum also formed a corporation with a similar name and function. Division of Corporations records show on April 5, paperwork was filed for the Forward Florida Action not-for-profit corporation.”
  • California Senator Kamala Harris: In. Twitter. Facebook. She released 15 years of tax returns, which showed she and her lawyer husband made nearly $2 million in 2018. Must be nice. She’s leading the Hollywood fundraising race (just like Alan Cranston did in 1984), which donations from Shonda Rhimes, Elizabeth Banks, Quincy Jones, and J.J. Abrams, who is reportedly considering buffing up her campaign with more lens flare. She’s also the candidate of big tech:

    the national obsession with ethnicity and novelty obscures the more important reality: Harris is also the favored candidate of the tech and media oligarchy now almost uniformly aligned with the Democratic Party. She has been a hit in all the important places—the Hamptons, Hollywood, and Silicon Valley—that financed Hillary Clinton’s 2016 campaign.

    Unlike Warren and Sanders, or Minnesota’s Amy Klobuchar, Harris has not called for curbs on, let alone for breaking up, the tech giants. As California’s attorney general, she did little to prevent the agglomeration of economic power that has increasingly turned California into a semi-feudal state dominated by a handful of large tech firms. These corporate behemoths now occupy 20 percent of Silicon Valley’s office space, and they have undermined the start-up culture that once drove the area’s growth.

    Snip.

    By the time Harris ran for the Senate, she could count on massive support from Bay Area law firms, real-estate developers, and Hollywood. More important, she appealed, early on, to tech mavens such as Facebook’s Sheryl Sandberg and Sean Parker, Marc Benioff of Salesforce, Yahoo’s Marissa Mayer, venture capitalist John Doerr, Steve Jobs’s widow Laurene Powell, and various executives at tech firms such as Airbnb, Google, and Nest, who have collectively poured money into her campaigns. Their investment was not ill-considered. Harris seems a sure bet for the tech leaders. Her husband, attorney Doug Emhoff, was a managing partner with Venable Partners, whose clients include Microsoft, Apple, Verizon, and trade associations opposing strict Internet regulations.

    She’s also building out her campaign in South Carolina, probably a smart move. With so many candidates in the race and proportional delegate allocation, I don’t think Iowa and new Hampshire are going to winnow the field nearly as much in the past, which is going to make South Carolina’s February 29th primary more important than in year’s past. Speaking of which: “Bakari Sellers, a CNN commentator and former South Carolina state representative, endorsed Sen. Kamala Harris for president, her campaign announced Monday.” Wait, Harris is a gun owner? That will make for some interesting Harris-Swalwell deabtes. (Hat tip: CarpeDonktum.)

  • Former Colorado Governor John Hickenlooper: In. Twitter. Facebook. “John Hickenlooper is misrepresenting his record on the death penalty.” He visited some Iowa brewpubs.
  • Former Attorney General Eric Holder: Out.
  • Washington Governor Jay Inslee: In. Twitter. He had a CNN town hall. At least one review was not kind: “He really did sound like he has just half a brain, as he himself said earlier this week. CNN didn’t do Inslee any favors by airing this interview.” He said his state would love to get all those illegal aliens. One wonders if his constituents feel the same.
  • Virginia Senator and Hillary Clinton’s 2016 Vice Presidential running mate Tim Kaine: Out.
  • Former Obama Secretary of State and Massachusetts Senator John Kerry: Not seeing any sign.
  • Minnesota Senator Amy Klobuchar: In. Facebook. Twitter. She raised $5.2 million in Q1. She also released her most recent tax return, showing a modest (by u.S. senatorial standards) $338,483 in income. She’s in Iowa pimping for ethanol. She visited Boulder.
  • New Orleans Mayor Mitch Landrieu: Probably Out.
  • Former Virginia Governor Terry McAuliffe: Leaning toward a run? Why can’t Terry meme?

  • Oregon senator Jeff Merkley: Out. Filing for reelection to the senate instead.
  • Miramar, Florida Mayor Wayne Messam: In. Twitter. Facebook. “Wayne Messam presidential campaign staffs up with women and alumni from Gillum and Obama.” “His staff currently numbers about 20, mostly women. Of the eight senior staffers, five are women.”
  • Massachusetts Representative Seth Moulton: Maybe? “Seth Moulton is running social media ads asking if he should run for higher office.” Expect him to throw his hat into the ring under his new name of Candidate McCandidateFace.
  • Former First Lady Michelle Obama: Out.
  • Former West Virginia State Senator Richard Ojeda: Out.
  • Former Texas Representative and failed Senatorial candidate Robert Francis “Beto” O’Rourke: In. Twitter. Facebook. “The big idea? Beto doesn’t have one.” “Beto O’Rourke’s most distinctive policy position? To be determined. There’s no signature issue yet, no single policy proposal sparking his campaign. Convening crowds — and listening to them — is the central thrust of his early presidential bid.” The roots of Beto’s money. Hint: It’s not record sales. “O’Rourke co-owns a shopping mall worth seven figures; He received his half as a gift from his mother.”
  • New York Representative Alexandria Ocasio-Cortez: Constitutionally ineligible to run in 2020.
  • Former Massachusetts Governor Deval Patrick: Out.
  • Ohio Representative Tim Ryan: In. Twitter. Facebook. “Why is Tim Ryan running for president, anyway?” “There are not a lot of discernible reasons why Tim is doing this.” But rapper Cardi B says she’s endorsing both Sanders and Ryan, based on seeing Ryan promising free health care on TV. So he’s got that going for him…
  • Vermont Socialist Senator Bernie Sanders: In. Twitter. Facebook. Evidently some people still hold a grudge from 2016:

    Sen. Bernie Sanders has accused a leading liberal think tank, founded and run by longtime Hillary Clinton allies, of orchestrating attacks on him and two other 2020 Democratic presidential candidates.

    In a letter provided to CNN by his campaign, Sanders addressed the board of the Center for American Progress and CAP Action Fund on Saturday, alleging that its activities are playing a “destructive role” in the “critical mission to defeat Donald Trump.” Sanders cited two posts about him by ThinkProgress, a website run by CAP’s political arm, and past pieces focused on Sens. Elizabeth Warren and Cory Booker.

    The exchange threatens to shred an already frayed public détente between the wider circles surrounding both Sanders and Clinton, who fought a bitter 2016 presidential primary that still looms large in the minds of many Democrats — if only because they fear a divisive replay in 2020.

    CAP, founded in 2003 by John Podesta, who was former President Bill Clinton’s final chief of staff and Hillary Clinton’s 2016 campaign chairman, and its top officials have often been accused by progressives loyal to Sanders of seeking to undermine his political agenda — debates that frequently blow up on social media platforms like Twitter.

  • Democratic billionaire Tom Steyer: Probably Out? Said he wasn’t running, but there’s this: “California billionaire Tom Steyer may be reconsidering his decision last January to remove himself as a possible candidate for the Democratic nomination for president, according to a new report. A citizen in Iowa recently recorded a robocall that tested political messaging related to Steyer, according to a report from Iowa Starting Line.” Still think he’s out, but not this for the record.
  • California Representative Eric Swalwell: In. Twitter. Facebook. Officially kicked off his campaign in Dublin, California, staying all in on the gun grabbing issue. There’s also a parody website.
  • Massachusetts Senator Elizabeth Warren: In. Twitter. Facebook. Warren pulled in $6 million in Q1 from 135,000 individuals. “Elizabeth Warren doesn’t like to talk about it, but for years she was a registered Republican.” And here’s the Warren Policy Proposal of the Week: “Ban new fossil fuel production on federal lands.”
  • Author and spiritual advisor Marianne Williamson: In. Twitter. Facebook. She got a joint town hall on CNN with Andrew Yang. Williamson’s part is filled with bad ideas: A hardline approach to Israel (undoing President Trump’s Golan heights resolution, for instance) and supporting reparations.
  • Talk show host Oprah Winfrey: Out.
  • Venture capitalist Andrew Yang: In. Twitter. Facebook. Yang had some of his own bad ideas, like “monitoring malicious speech.” He also wants to decriminalize heroin and other opiates (along the lines of Portugal), which may be the first genuinely new idea any Democratic Presidential candidate has floated this cycle. Here’s a review of his book. “Once you read his book, it is apparent that Andrew Yang is running for president because he is afraid of normal people.” He’s an idea-a-minute guy, many of them bad, sort of a Democratic version of 2012’s Newt Gingrich. Yang also leads the candidates in Facebook spending.

  • Texas vs. California Update for April 20, 2017

    Thursday, April 20th, 2017

    This didn’t get done while I was doing my taxes, but here, at last, is another giant Texas vs. California update:

  • Appeals court finds San Diego’s pension reform legal. “California’s Fourth District Court of Appeal unanimously overturned a 2015 state labor board ruling that said the cutbacks were illegal because of then-Mayor Jerry Sanders’ involvement in the successful citizens’ initiative that made the changes.” San Diego transitioned to a 401K style program. Naturally public employee unions screamed bloody murder and sought to have the reforms overturned. (Hat tip: Pension Tsunami.)
  • Unions attempts to role back San Diego’s pension reforms amounted to an attempt to retroactively apply collective bargaining to older laws.
  • More: It’s “shocking the agency’s officials would have even argued that a union’s right to negotiate pay and benefits trumps the public’s right to hold an election.” (Hat tip: Pension Tsunami.)
  • “The number of people enrolled in Medicaid and the Children’s Health Insurance Program (CHIP) in California alone exceeds the total populations of 44 of the other states of the union, according to data published by the Centers for Medicare and Medicaid Services (CMS) and the Census Bureau.” (Hat tip: Director Blue.)
  • California exports its working poor to Texas.

    Every year from 2000 through 2015, more people left California than moved in from other states. This migration was not spread evenly across all income groups, a Sacramento Bee review of U.S. Census Bureau data found. The people leaving tend to be relatively poor, and many lack college degrees. Move higher up the income spectrum, and slightly more people are coming than going.

    About 2.5 million people living close to the official poverty line left California for other states from 2005 through 2015, while 1.7 million people at that income level moved in from other states – for a net loss of 800,000. During the same period, the state experienced a net gain of about 20,000 residents earning at least five times the poverty rate – or $100,000 for a family of three.

    Snip.

    The leading destination for those leaving California is Texas, with about 293,000 economically disadvantaged residents leaving and about 137,000 coming for a net loss of 156,000 from 2005 through 2015. Next up are states surrounding California; in order, Arizona, Nevada and Oregon.

  • Hat tip for the above is this Zero Hedge piece, which notes “By some measures, California has the highest poverty rate in the nation. And as more and more residents leave, the burden to fund the state’s welfare exuberance will fall more and more on the wealthier (that actually pay taxes). Rather than secession, perhaps it’s time for the wealthy to join ‘the poor’ exodus and beat the crowd out of California…”
  • A look at a California tent city of 1,000 people.
  • Kevin Williamson on why Houston’s diversity is different than the liberal ideal of same:

    Living in a place where it is less of a struggle to pay the rent or make the mortgage payment does indeed chill most everybody out a little bit. But it is not at all obvious that what Houston — or Texas at large — enjoys is in fact a culture that is generally welcoming to immigrants in a way that is different from Scottsdale or Trenton or Missoula. What Texas does have is something close to the opposite of that: a large and very well-integrated Mexican-American community. Anglos in Texas aren’t welcoming to Latinos because we are in some way uniquely open to the unfamiliar, but because they are not unfamiliar.

    This matters in ways that are not obvious if you didn’t grow up with it. My native West Texas, along with the whole of the border and much of the rest of the state, has a longstanding, stable Anglo–Latin hybrid culture. Houston does, too, but Houston, being a very large city, is a little more complicated; I had lunch yesterday with a conservative leader who chatted amiably with the staff in Spanish at . . . an Indian restaurant.

    That robust hybrid culture ensures that the people Anglos hear speaking Spanish are not always poor, not mowing the lawn or cleaning a hotel room, that they are not usually immigrants, not people who cannot speak or read English — not alien. They are neighbors who, if you are lucky, make Christmas tamales. And they might be your employer or your employee, the guy who sells you a car or approves your car loan, a pastor at your church, a professor, a member of your Ultimate Frisbee team . . . or an illegal immigrant, or a criminal, or someone who is in some way unassimilated, alien, or threatening. When one out of three people in your county is “Hispanic” — a word that in Texas overwhelmingly means “Mexican-American” — then you tend to know Hispanic people of all descriptions: the good, the bad, and the ordinary.

    That is not the case in, say, Arlington, Va., which does not have a large and well-assimilated Mexican-American population but does have a large and poorly assimilated population of Spanish-speaking immigrants. The two things are not the same — more like opposites. Add to that the fact, sometimes lost on Anglos, that there is no such thing as a “Hispanic” culture or population, that people with roots in Mexico do not think of themselves as being part of a single cultural group that includes people from Central America and South America. A while back, I heard an older fellow of Mexican background complaining about the Guatemalans moving into his area — and he was an illegal immigrant. That’s a funny reality: In Texas, even some of the illegals don’t think that we can let just anybody cross the border. But ethnic politics is a strange business: In West Texas, young whites without much money (college students and the like) who would never for a moment seriously consider moving into a low-income black neighborhood will not give a second thought to moving into a largely Hispanic neighborhood.

    All of which is not to say that Texas does not have a fair number of poorly assimilated Spanish-speaking immigrants: It surely does, especially in the big cities. (People forget how urban Texas is: Six of the 20 largest U.S. cities are in Texas.) But it is easier to accommodate — and, one hopes, to assimilate — those newcomers when you have a culture of mutual familiarity and trust, which is based not on newcomers but on oldcomers. Texas’s ancient Mexican-American community — whose members famously boast, “We didn’t cross the border, the border crossed us!” — is a kind of buffer that makes absorbing newcomers less stressful.

  • Leaving coastal California is a ‘no-brainer‘ for some as housing costs rise.”

    Huntington Beach residents Chris Birtwistle and Allison Naitmazi were about to get married and decided it was time to buy a home.

    They wanted to stay in the area but couldn’t find a house they both liked and could reasonably afford — despite a dual income of around $150,000.

    So they decided to go inland — all the way to Arizona, where they recently opened escrow on a $240,000, four-bedroom house with a pool just outside Phoenix. Their monthly mortgage payment will be about $500 less than what they paid for a two-bedroom apartment in the Orange County beach community.

  • “California again leads list with 6 of the top 10 most polluted U.S. cities.” Versus zero for Texas. So they have the nation’s most stringent pollution laws…and the nation’s worst air pollution. (Golf clap) (Hat tip: Chuck DeVore’s Twitter feed.)
  • 16 Reasons Not To Live In California. Samples (snippage implied):

    #2 Out of all 50 states, the state of California has been ranked as the worst state for business for 12 years in a row…
    #3 California has the highest state income tax rates in the entire nation. For many Americans, the difference between what you would have to pay if you lived in California and what you would have to pay if you lived in Texas could literally buy a car every single year.
    #4 The state government in Sacramento seems to go a little bit more insane with each passing session.
    #5 The traffic in the major cities just keeps getting worse and worse. According to USA Today, Los Angeles now has the worst traffic in the entire world, and San Francisco is not far behind.

  • CalSTRS’ funded status falls to 64% as deficit grows $21 billion following rate reduction.” (Hat tip: Pension Tsunami.)
  • Texas is on its way to passing a conservative budget.
  • A Democrat-sponsored bill in the California legislature guarantees free healthcare for all, without specifying a way to pay for it. Maybe they’ll institute a unicorn tax… (Hat tip: Stephen Green at Instapundit.)
  • Leslie Eastman at Legal Insurrection spells out exactly what Californians would actually get under the plan:
    • With no choice, there is no competition, unless you are wealthy enough to leave the state for medical care. However, this is a golden opportunity for medical tourism companies!
    • There will be a limited supply of doctors, as those who don’t want to go through the bureaucratic hoops for procedures and payment will also leave the state.
    • Clinicians will be forced to make their treatment decisions based on the state-run rules: Why choose surgery when a pill will do?
    • Shockingly, some funds need to be directed to other budget items instead of perks for illegal aliens (refer to Oroville Dam for a handy reference).
    • Medicare, the system that is the foundation for this proposal, is rife with waste, fraud and abuse (e.g., 3 Floridians bilked the system for $1 billion).
    • Co-pays and deductibles will be transformed into monies paid for non-state government healthcare services (like the Canadians who cross into the United States to obtain MRI’s and other innovative treatments).
    • Public oversight will translate into political wheeling-and-dealing strictly for the benefit of those plugged into the rigged system. An indication that Sacramento may be headed for such a system, I offer this piece published in The Sacramento Bee for consideration: Why California must accept more corruption.
    • The cost of drugs has soared, despite Obamacare. As an example, I had a skin medication that would cost me $150 for an annual supply. The same medication now costs nearly $1000 a year, and I no longer use it.
  • In order to further bestow members of the ruling Democratic coalition with rights and privileges mere citizens don’t enjoy, California’s Senate Bill 807 proposes making teachers exempt from state income tax. Some pigs are evidently way, way more equal than others…
  • Teacher’s unions have helped create California’s teacher shortage. (Hat tip: Pension Tsunami.)
  • California hikes its gas taxes yet again, making them the highest in the nation.
  • Pension liabilities are pinching in Gilroy, California: “Gilroy’s three biggest public employers have amassed more than $183 million in unpaid pension liabilities. That’s likely more than ever, and a figure that, absent major reform, will grow and siphon budget funds from essential public services, say officials and pension experts. In Gilroy, 23 city pensions exceed $100,000 and more than 60 exceed $70,000.” (Hat tip: Pension Tsunami.)
  • Court to determine whether California’s public employee union members can simply continue to buy years of service rather than actually working them.
  • Silicon Valley slows down. “Tech companies in San Francisco and San Mateo counties lost 700 jobs from January to February and tech employment has dropped by 3,200 jobs since hitting a peak last August.”
  • What the lords of Silicon Valley actually think: “Inequality is a feature, not a bug.”
  • Hold on to your seats for this one: California’s government actually did something right, legalizing the selling of home-made food. (Hat tip: Instapundit.)
  • “Hotel construction continues apace in the United States, and dozens of new properties are expected to open this year in two major corporate and tourist destinations, New York and Los Angeles. But the three other cities with the most hotels projected to open in 2017, according to the industry research company STR, are all in Texas — Dallas, Houston and Austin.” Notice the implied condescension in the NYT piece: New York and LA are real places, whereas Dallas, Houston and Austin are “other cities.”

    More:

    The number of new hotels in Texas is notable. In 2017, Marriott plans to open eight hotels in Austin, seven in Houston and 23 in the Dallas-Fort Worth area, according to the company. Ninety-two other Marriott hotels are in the planning stages for the three metro areas. Hilton says it is planning for 75 new hotels there. InterContinental Hotels Group has more than 100 hotel projects in the Austin, Dallas and Houston metro areas, including the Candlewood Suites, Crowne Plaza, Even Hotels, Holiday Inn Express, Holiday Inn, Hotel Indigo, InterContinental Hotels and Resorts and Staybridge Suites brands.

    Austin is home to the state capital; the University of Texas at Austin, a campus with 50,000 students; and a long list of technology companies. Its growing recreation and dining scene is attracting more leisure travelers, filling guest rooms on weekends and making the city “more of a seven-day-a-week hotel market,” according to Tim Powell, the managing director for development for Hilton’s southwest region.

  • A bankruptcy judge in the Eastern District of California plays Santa Claus with a bank’s money.
  • Just what illegal aliens cost California.
  • “L.A. To Worsen Housing Shortage With New Rent Controls.”
  • “California Dems Promise Taxpayer Dollars to Defend Illegal Immigrants.” (Hat tip: Stephen Green at Instapundit.)
  • Calpers Is Sick of Paying Too Much for Private Equity…Pension fund’s private-equity returns were 12.3% over 20 years, but they would have been 19.3% without fees and costs.” (WSJ hoops apply.) (Hat tip: Pension Tsunami.)
  • “Texas top state for number of new, expanded corporate facilities for fifth consecutive year.”
  • It’s not just Oroville Dam that needs maintenance: a section of Highway 50 collapsed in February. (Hat tip: Director Blue.)
  • “Jerry Brown wants to spend nearly $450 million on flood control following dam emergency.”
  • “A state senator is removed from the chamber for her comments about Tom Hayden and Vietnam.” Namely for noting that Hayden supported “a communist government that enslaved and/or killed millions of Vietnamese, including members of my own family.” Sen. Janet Nguyen (R-Garden Grove) came to America as a Vietnamese refugee, and Democrats were incensed she was allowed to speak truth to power when it came to hagiography for one of their own. (Hat tip: Instapundit.)
  • Crime Increasing in California After ‘Prison Reform.'”
  • Selling carbon indulgences just isn’t what it used to be under Trump:

    February’s quarterly auction of carbon dioxide emission allowances under California’s cap and trade program was another financial washout for the state.

    Results for last week’s auction were posted Wednesday morning, revealing that just 16.5 percent of the 74.8 million metric tons of emission allowances were sold at the floor price of $13.57 per ton.

    The state auctions emission allowances to polluters and speculators as part of its program to reduce greenhouse gases. The proceeds are supposed to be spent on public programs to slow climate change.

    February’s auction is being closely watched by market analysts because the last three quarterly auctions in 2016 posted sub-par results.

    Almost all of February’s proceeds went either to California’s utilities, who sell allowances they receive free from the Air Resources Board, or the Canadian province of Quebec, which offers emission allowances through California. Both are first in line when auction proceeds are apportioned.

    The ARB was offering 43.7 million tons of state-owned emission allowances, but sold just 602,340 tons of advance 2020 allowances, which means the state will see only $8.2 million, rather than the nearly $600 million it could have received from a sellout.

    (Hat tip: Chuck DeVore on Twitter.)

  • California’s high speed train-to-nowhere is still doomed.
  • “Six former LA safety officers collected pension payouts of over $1,000,000 apiece last year.” (Hat tip: Pension Tsunami.)
  • “Oakland Fire Chief Announces Retirement Days After Pension Vested, Warehouse Fire Probe Continues.”
  • San Rafael has the the highest pension costs in California by percentage of their total budget (18%). “Money that goes to one thing can’t go to another thing, so if you’re spending almost $1 out of $5 on pension payments, that is a lot less money available for tangible public services such as filling potholes, keeping the library open and making sure there is sufficient police protection.”
  • Remember Anthony Silva, mayor of formerly bankrupt Stockton? He’s been arrested again, this time for embezzling “at least $74,000 from the Stockton Kids Club over the past five years.” That would be the same Anthony Silva who is a member of Mayors Against Illegal Guns, whose own guns were stolen and used in crimes, and who was also arrested for “for playing strip poker with minor and giving them alcohol while at a youth camp.” Given such august leadership, I can’t imagine how Stockton went bankrupt… (Hat tip: Dwight.)
  • New survey of the Permian Basin in Texas shows that there’s another 20 billion barrels of recoverable oil than previously thought.
  • More on the fracking boom:

  • Minimum wage hike watch: Wendy’s to try out more than 1000 self-serve kiosks.
  • San Francisco’s wage hike is already closing restaurants. Especially those that serve affordable food. (Hat tip: Instapundit.)
  • California’s “hide actor’s age” law struck down.
  • “Former L.A. County Sheriff Lee Baca found guilty on obstruction of justice and other charges.” (Hat tip: Dwight.)
  • I would like to celebrate Austin Austin having the shortest commute time in this study of major cities except, since I now experience that commute time every weekday, I can tell you that 16 minute estimate is utter crap. Maybe Austin is the best if the commute time for other cities is similarly underestimated. By contrast, the Austin rental rate of $476 a week seems slightly high, while the London rate of $489 a week seems way too low…
  • Kubota Tractor Corp. finished its’ U.S. headquarters from Torrance, California, to Grapevine, Texas. (Previously.)
  • “West Plano’s $3 billion Legacy West development has landed another big name business. Boeing will locate the headquarters for its newly formed global services division in the 250-acre mixed-use project at the Dallas North Tollway and State Highway 121.”
  • Los Angeles-based fashion company Nasty Gal declares bankruptcy. Also, nice proofreading on this subhead, LA Times: “Why couldn’t they the company hold on to shoppers?” Note: That’s still up for a story published February 24th…
  • Los Angeles clothing brand BCBG Max Azria Group, owner of Hervé Leger, also filed for bankruptcy.
  • The City of St. Louis sues the NFL, and all 32 NFL teams, over the Rams relocation to Los Angeles.
  • “L.A. County Sheriff’s Department switches from silver to gold belt buckles at a cost of $300,000.” That’s some might fine resource allocation there, Lou… (Hat tip: Stephen Green at Instapundit.)
  • Texas vs. California Update for February 26, 2015

    Thursday, February 26th, 2015

    Time for another Texas vs. California roundup:

  • CalPERS believes that it has police powers to seize property to sell to support public employee pensions. “It is hard to imagine a bigger or more blatant example of collusion between business interests and government employees at the expense of ordinary private citizens.” Plus the impossibility of maintaining the 7.5% returns necessary for the pension fund to remain solvent. (Hat tip: Pension Tsunami.)
  • CalPERS and CalSTARS want direct proxy access for candidates for corporate boards.
  • Speaking of CalSTARS, the cost of funding it going forward looms large on California’s horizon.
  • Stockton exits bankruptcy.
  • Daughters of Charity Health Systems sues the SEIU over interference in a merger deal.
  • Part of the demands from California’s liberal Democratic Attorney General Kamala Harris to approve the merger include forcing currently Catholic hospitals to perform abortions.
  • It’s all but impossible for the Middle Class to live in Silicon Valley.
  • West coast port strike ends. Yet another reason to ship through Houston instead…
  • Texas Lt. Governor Dan Patrick files a bill for $4.6 billion in tax relief.
  • Texas Right to Work laws help keep the state prosperous, but more can be done.