Posts Tagged ‘economy’

LinkSwarm for September 7, 2018

Friday, September 7th, 2018

The sheer stupidity of Democrats at the Brett Kavanaugh is driving most other news out of the headlines, so this LinkSwarm may seem a little light…

  • “Huge Number Of Illegals Opting Out Of Welfare Programs Fearing Trump Admin Crackdown.” Good. Let Democrats run on restoring welfare to illegal aliens this fall.
  • MS-13 gang members arrested in five Houston-area murders, including machete death of informant.” (Hat tip: Governor Abbott’s Twitter feed.
  • Sen. Chuck Schumer admits that Senate Democrats want to impeach President Donald Trump.
  • This just in: Democratic base wants red-state Democratic senators to commit lockstep electoral suicide.
  • Leftist befuddled by how black men can join “white nationalist” groups like Proud Boys and Patriot Prayer. Here’s a hint, dumbasses: They’re not white nationalist groups.
  • “U.S. weekly jobless claims drop to near 49-year low.” (Hat tip: Hugh Hewett’s Twitter feed.)
  • Blue collar workers surveyed stated that they could, in fact, get some satisfaction. (Hat tip: Borepatch.)
  • Problem: Voters oppose uncontrolled Muslim immigration into Germany. Solution: Adopt stricter immigration policies in line with German voters. Ha! Just kidding! Have the Stasi put the Alliance for Germany political party under surveillance.
  • Social Justice Warriors attempt to slip their usual political bullshit into open source licensing terms and get smacked down hard. “Less than 24 hours after I posted this, the license change was revoked and its committer expelled from the project.​” (Hat tip: Dwight.)
  • Frankenplane.
  • #Gamergate Social Justice Warrior lunatic “Brianna Wu” lost her a bid for Massachusetts’ 8th U.S. congressional district by 49 points.
  • Theranos, the biotech company fraud built, is shutting down. Now all that remains is for Elizabeth Holmes to go to federal prison on pending wire fraud charges.
  • Memorial to the victims of communism opens in Estonia.
  • Bert Reynolds, RIP.
  • Johnny Rotten slams Corbyn and his Labour Party for antisemitism. (Hat tip: Ed Driscoll at Instapundit.) (Also: Previously.)
  • Destroy shareholder value? Just do it!
  • “Literary Theorists Admit They Still Have No Idea What Animal Farm About.”
  • Snopes Rates Babylon Bee World’s Most Accurate News Source.”
  • Speaking of which: “The Bee Explains: Common Racist Hand Signals.”
  • A Tweet:

  • Another:

  • Welcome to Black Monday

    Monday, August 24th, 2015

    If you haven’t been checking your 401K recently, now may not be the day to do it, as markets are plunging around the globe.

    China’s Shanghai composite index had the largest one-day selloff since 2007.

    Japan’s Nikkei average fell 4.6%, the largest drop in two years.

    India’s Sensex dropped over 1,200 points, the biggest drop in seven years.

    And now everyone is nervously waiting for the NYSE to open…

    LinkSwarm for April 6, 2015

    Monday, April 6th, 2015

    I might have an analysis of the the Iranian nuclear deal later, or I might now, depending on how my taxes are going…

  • UN Human Rights chief praises Islamic State for “diversity.” No, really, that happened. It’s not a parody from The Onion. (Hat tip: Jihad Watch.)
  • Professor finds that texts of Islam are, in fact, more violent than those of other religions.
  • The Columbia Journalism Review investigation of the Rolling Stone University of Virginia rape hoax story is out, and found massive problems with the reporting…
  • …many of which Ashe Schow highlights.
  • But despite the numerous journalistic problems with the piece, no one is getting fired. Lying to support the victimhood identity politics narrative means never having to lose your job…
  • Speaking of which: Fraternity brothers perpetrate vicious rape. Wait, did I say “perpetrate”? I meant “prevent.” (Hat tip: Instapundit.)
  • Earlier: “Sorry I lead you on when I got drunk.” Later: “What I really meant was you raped me!”
  • The Obama Administration’s reckless engagement with Iran is probably the biggest reason Netanyahu won his surprise victory.
  • The Atlanta Federal Reserve forecast has cut Gross Domestic Product growth estimates in the first quarter from 2.3% to 0.0%. Unexpectedly!
  • Ted Cruz raises $4 million in 8 days. As the New York Times notes, the vast majority is from small donors and can be spent in the primary.
  • Being a liberal means never having to actually weigh evidence.
  • Muslim group kills Red Cross worker.
  • What town wanted: Statue of Lucille Ball. What town got: Statue of zombie lobotomized alcoholic Amelia Earhart.
  • Texas Economy Continues to Kick Ass

    Monday, December 22nd, 2014

    Two bits of news dropped right after I put up the most recent Texas vs. California update.

    First, Texas added 34,800 nonfarm jobs in November, and 441,200 more jobs year-over-year, more than any other state. And this happened despite the drop in oil prices.

    One reason Texas does so well is that it has the highest level of economic freedom of any state (tied with South Dakota).

    Needless to say, those two facts are strongly correlated. In the long run, free states produce jobs and economic activity while less free states produce dependency and stagnation.

    (Hat tip: TPPF.)

    LinkSwarm for October 31, 2014

    Friday, October 31st, 2014

    Happy Halloween!

  • This week’s example of Democratic elected official defrauding a non-profit comes to you from Philadelphia congressman Chaka Fattah.
  • Democratic Representative Alan Grayson, the 17th richest man in congress, has cut off funds to estranged wife, and now both she and her kids are on welfare.
  • Former Obama champion Tina Brown now says he makes women feel unsafe.
  • Secret Service investigator into prostitution scandal resigns after his own prostitution scandal.
  • Marine veteran father banned from school after objecting to his daughters history assignment to “list the benefits of Islam.”
  • The war in Ukraine has cemented Putin’s dictatorship in Russia.
  • On the other hand, the ruble is crashing, despite rate hikes.
  • How’s that Chicago model working out?

  • High and trying to grab a cop’s gun is no way to go through life, son. Which goes a long way toward explaining why Michael Brown no longer walks among the living…
  • Japan may have a low murder rate, but as the follow chart from this piece on “haunted” apartments shows, their suicide rate dwarfs our murder and suicide rate combined.

  • Texas Tech student admits to filing false sexual assault charges. Under California’s new kangaroo courts, the student falsely accused would have already been convicted and expelled by now. (Hat tip: Instapundit.)
  • Fund managers are the fish in the game. They can’t leave the table.
  • Interesting piece on GamerGate. “The feminism of male demonization and female victimhood has become an insidious force that, despite its faux-progressive trappings, stands in the way of genuine equality. Whatever its flaws, GamerGate is a politically diverse movement of cultural resistance to this brand of toxic feminism. For that, it deserves at least two cheers.”
  • Dear Ridley Scott: Moses did not wear scale armor.
  • Links to this and previous years’ Fark scary story thread.
  • Now that’s what I call shag carpeting.
  • LinkSwarm for Friday, October 3, 2014

    Friday, October 3rd, 2014

    Here’s your Friday LinkSwarm of semi-random linkage goodness:

  • ObamaCare’s war on women: higher premiums, cancelled plans, fewer options.
  • ObamaCare has already cost $73 billion and counting.
  • And the Healthcare.Gov website cost 2.5 times what the Obama Administration told us.
  • The inequality police are worried that we are living in a new Gilded Age. We should be so lucky: Between 1880 and 1890, the number of employed Americans increased by more than 13 percent, and wages increased by almost 50 percent. I am going to go out on a limb and predict that the Barack Obama years will not match that record; the share of employed Americans is lower today than it was when he took office, and household income is down. Grover Cleveland is looking like a genius in comparison.

  • The middle class is poorer today than it was in 1989. Thanks, Obama! (Hat tip: Instapundit).
  • World Health Organization refuses to approve experimental drugs for Ebola patients. Because they might get sick…
  • CDC chief thinks a ban on travelers from Ebola-infected countries would be “wrong.” Wrong for who? People who won’t get infected?
  • Real Salon or parody Salon? “The problem with ‘Ebola’: The troubling, xenophobic language of disease.”
  • And if Ebola wasn’t bad enough, Enterovirus D68 has been found in four people who died.
  • And that Enterovirus D68 outbreak may be related to Obama’s decision not to deport illegal aliens.
  • Even 60% of Democrats think Obama is a wuss when it comes to ISIS.
  • U.S. troops fighting in the warkinetic overseas contingency engagement against ISIS are not eligible for campaign medals.
  • NRA’s Political victory Fund has released their ranking of candidates. That’s the one for Texas, but you can select all the other states as well.
  • Liberals are hypocrites when it comes to big bucks “dark money” fundraising.
  • The places where our self-appointed elites congregate are turning into precisely the places where actual voters are getting thinner and thinner on the ground.”
  • Despite what radical feminists would have you believe, sex crimes on campus are going down, not up.
  • Texas Attorney General Greg Abbott: voting fraud is real.
  • Appeals court finds Texas abortion laws constitutional.
  • “‘He’s from Texas, honey,’ I yelled at the television, startling the cats, ‘That’s not “armed”, that’s “dressed”, you island-dwelling herbivore! Jesus, you cud-chewing Eloi, how do you people open packages? With your teeth, like an animal?” For a bonus, try to work “cud-chewing Eloi” into your next conversation… (Hat tip: Dwight.)
  • More domestic violence in the MSM than the NFL: ESPN, ABC, CBS, NBC and the New York Times.
  • Bill Maher goes after liberals being soft on Islam. “Saudi women can’t vote or drive or hold a job or leave the house without a man. Overwhelming majorities in every Muslim country say a wife is always obliged to obey her husband. That all seems like a bigger issue than an evangelical Christian bakery refusing to make gay wedding cakes. ”
  • What happens when you bail out of an SR-71 at Mach 3 and 78,000 feet.
  • Maybe I’m jumping to conclusions, but something about this film has “suck” written all over it…
  • Two words: Homemade flamethrower.

  • How Bad Has ObamaCare Been for the Economy?

    Wednesday, June 25th, 2014

    This bad (click to embiggen):

    Gross domestic product, the broadest measure of goods and services produced across the economy, contracted at a seasonally adjusted annual rate of 2.9% in the first three months of the year, according to the Commerce Department’s third reading released Wednesday. That was the fastest rate of decline since the first quarter of 2009, when output fell 5.9%.

    Just about every sector was down:

    My takeaway is that ObamaCare has been twice as bad for the economy as the subprime meltdown.

    Red States Produce Jobs, Blue States Produce the Homeless

    Friday, March 28th, 2014

    Will Franklin has a detailed piece up correlating homelessness with Democratic Party rule.

    “It turns out that when it comes to mitigating homelessness, the blue state model is just as deeply flawed as the failed blue state model for job creation and economic growth.”

    Substance abuse, broken families, or mental illness– tragedies all– often drive people to homelessness, but long-term unemployment and a general lack of economic vitality play a critical role in pushing people out of their homes (and keeping them out). Indeed, when it comes to reducing homelessness caused by economic hardship, we can chalk up another win for Texas and the red state model.

    Snip.

    California, with just under 12% of the nation’s population, has 22.43% of the nation’s homeless population, giving it a homelessness quotient of 0.88. Quite high, in other words. Almost double the number of homeless people one would predict, given its population.

    Texas, which has roughly 8.2% of the nation’s population, only has 4.85% of the nation’s homeless population (meaning: Texas has a quite low homelessness quotient of -0.41).

    Read the whole thing.

    Polling in Perspective (or: Chill)

    Monday, September 10th, 2012

    This is the time of year when the political world is awash in polls. Some otherwise sensible Republicans take a look at those polls and go “Oh my God! Obama is up by 2! Or 5! He got a big convention bounce!”

    I could wade into the murky swamps of different polling companies, different methodologies, different biases, the problem with cell phone vs. landline samples, partisan weighting screens, the comparison between citizens, registered voters and likely voters, or a dozen other variables. But I’m not going to.

    Instead, one piece of advice, and one explanation.

    The advice: Chill.

    The explanation: Barack Obama was elected in 2008 with 52.9% of the popular vote to 45.7% for John McCain, the best popular vote margin of any Democratic Presidential contender since Lyndon Baines Johnson captured 61.1% of the vote in 1964. (People forget that Bill Clinton, for all his retrospective popularity, never broke 50% of the popular vote; Al Gore got 48.4% of the vote while losing in the electoral college in 2000.) Ignoring (for now) the electoral college and minor changes in the composition of voters, that means only 4% of the people who voted for Barack Obama in 2008 need to switch their vote for Mitt Romney to win.

    Do you think Obama might be 4% less popular than he was four years ago? Perhaps among those who have lost their jobs? There is plenty of anecdotal evidence that Obama is less popular than he was four years ago, his inability to fill campaign events the way he used to being one, and numerous elected Democrats in tough reelection fights avoiding the DNC being another. So who are you going to believe: MSM polls or your lying eyes?

    The media is desperately trying to pretend that 2010 never happened, or that it was an aberration.

    The polls are part of the media trying desperately to maintain what Instapundit Glenn Reynolds calls “preference falsification,” a willingness on the part of the political and media establishment to manufacture a false consensus that (in this case) liberal policies and politicians are popular. When it comes to the current election, the question might be most crassly boiled down to “Do you support Obama, or are you a racist?” In 2010 and now we’re finally seeing a “preference cascade” of people unwilling to buy that liberal narrative. The walls are finally coming down.

    Which is not to say the election is in the bag for Romney. There’s still a lot of hard work to be done, and a lot of work to make sure Republicans and anti-Obama independents get to the polls, especially in swing states. But there’s no reason to get worked up over each and every little poll. Time is not on Obama’s side.

    Texas vs. California: Summer of Bankruptcy Edition

    Friday, August 10th, 2012

    Time for another look at how Texas’ Red State model stacks up against California’s Blue State model, with a roundup of relevant news from the past few weeks.

  • Here’s a roundup of California’s dysfunction. Lots of tasty tidbits, including this gem: “California has both the highest state deficit in the country and the highest personal income tax.”
  • The Summer California Went Bankrupt.
  • California was counting their Facebook chickens before they hatched.
  • How California’s green energy delusions are impoverishing the entire state.
  • How California drove XCOR to Texas.
  • George Will on California’s high speed rail insanity. “At one point, an estimate of 44 million riders a year—subsequently revised downward, substantially—assumed gasoline costing $40 a gallon.”
  • California can’t even keep run it’s own prisons.
  • Texas tax revenues are up 10%.
  • Texas is going through a craft brewing boom.
  • While commuter rail isn’t cost effective in California, the Long Beach-to-Los Anegles Blue Line is good for one thing: killing people. (Hat Tip: Dwight.)
  • And while California schools are in crises to pay their bloated pensions, Beaumont’s school district actually instituted a tax cut and gave teacher’s a pay raise.