Welcome to the last LinkSwarm of one wild year!
Happy 2018, everyone!
Welcome to the last LinkSwarm of one wild year!
Happy 2018, everyone!
This is the seat Jeb Hensarling announced he was retiring from a couple of months ago, meaning most of the candidates have had to scramble to get campaigns off the ground. The Fifth Congressional District runs from southeast Dallas all the way down to Nacogdoches, and is so safely Republican that Democrats didn’t even bother to field candidates in 2014 and 2016. This race features both a former and a current State Representative, neither of which is likely to be the favorite.
The only Democrat running is Dan Wood, a former DA for Kaufman County and a former city councilmen for Terrell (population around 15,000). Wood has raised $27,737 so far in the election cycle, getting a jump on Republicans who came in after Hensarling’s announcement. Expect a competent but losing campaign.
I expect this race to come down to come down to Pounds and Wright, with the two state reps on the outside looking in, though if I were to pick one of them to edge into the runoff, it would be Sheets.
Several North Korea news items worth noting:
The draft, seen by Reuters on Thursday, seeks to ban nearly 90 percent of refined petroleum product exports to North Korea by capping them at 500,000 barrels a year and demand the repatriation of North Koreans working abroad within 12 months.
It would also cap crude oil supplies to North Korea at 4 million barrels a year. The United States has been calling on China to limit its oil supply to its neighbor and ally.
According to South Korea’s Chosun Ilbo, U.S. recon satellites have photographed around 30 illegal transactions involving Chinese vessels selling oil to North Korea on the West Sea in October. The images allegedly showed large Chinese and North Korean ships transacting in oil in a part of the West Sea closer to China than South Korea. The satellite pictures even showed the names of the ships.
A government source said, “We need to focus on the fact that the illicit trade started after a UN Security Council resolution in September drastically capped North Korea’s imports of refined petroleum products.” Meanwhile, on paper, China’s trade with North has recently collapsed after U.S. President Donald Trump unleashed a barrage of sanctions in September targeting North Korea’s imports of refined petroleum products.
Back in November, the US. Treasury Department sanctioned an additional six North Korean shipping and trading companies and 20 of their ships after the satellite pictures surfaced. In the above picture, the North Korean ship named Ryesonggang 1, was easily identified and connected to the illegal sale of oil from China.
According to Chosun Media, “the department noted that the two ships appeared to be illegally trading in oil from ship to ship to bypass sanctions.”
For all the talk of Donald Trump being unworthy of the Presidency and inadequate for the job, there have been a number of positive developments in a surprising number of places this year, not least of which is the Middle East.
That mostly wretched hive of scum and villainy haven’t turned into stable democratic states (nor is that likely to happen in my lifetime), but there has been modest-to-radical improvement on a number of fronts:

To be sure, myriad problems continue to plague the Middle East: The Syrian civil war, the Saudi-Iran proxy war, Turkey’s oppressive Islamist government, instability in Lebanon, and Qatar’s friction with other gulf nations (and possibly continued support for terrorism). It is, after all, still the Middle East. But there has still been remarkable (and frequently unexpected) improvement in a number of areas in the Middle East during Donald Trump’s first year as President of the United States of America.
Economic primer cast as Christmas holiday commercial. Silly, but slicker production values than you usually see.
Merry Christmas, one and all!
This year’s lazy holiday blogging theme: Silly Capitalist Christmas videos! This one is from the Mercatus Center.
And there’s more on that theme coming tomorrow!
If you’re still not feeling the Christmas spirit yet, the New York Times offers up this brimming chalice of Winning:
More than 700 people have left the Environmental Protection Agency since President Trump took office, a wave of departures that puts the administration nearly a quarter of the way toward its goal of shrinking the agency to levels last seen during the Reagan administration.

Yet the winning continues:
Of the employees who have quit, retired or taken a buyout package since the beginning of the year, more than 200 are scientists. An additional 96 are environmental protection specialists, a broad category that includes scientists as well as others experienced in investigating and analyzing pollution levels. Nine department directors have departed the agency as well as dozens of attorneys and program managers. Most of the employees who have left are not being replaced.
The departures reflect poor morale and a sense of grievance at the agency, which has been criticized by President Trump and top Republicans in Congress as bloated and guilty of regulatory overreach.
Conservatives were wary that a Trump presidency would actually implement conservative policies, but when it comes to reducing regulatory burdens and bringing rogue agencies to heel, President Trump has not only exceeded expectations, he’s easily exceeded the (admittedly low) deregulation standards of Bush41 and Bush43, and is even on track to eclipse Reagan’s record in this regard.
So enjoy a heaping plate of Winning with your eggnog this year.

Welcome to a pre-Christmas LinkSwarm! (Pro-tip: The week before Christmas is the bad time to try rolling out a new diet.)

I would say this week has been a bear, but it’s more like a bear claw…
Merry Christmas!

So tax cut bill finally passed the House and the Senate and is headed to President Donald Trump’s desk to sign.
Not a single Democrat voted for the bill, House or Senate.
It’s not a perfect bill, but there are a lot of good features:

Temporary Expensing. The bill expands the current-law 50 percent bonus depreciation for new short-lived capital investments to 100 percent or “full expensing” for five years and then phases out over the subsequent five years. Expensing allows companies to deduct the cost of investments immediately and removes a current tax bias against investment.
The bill also expands expensing for small businesses under Section 179 by raising the cap on eligible investment from $500,000 to $1 million. The phaseout increases from a $2 million cap to a $2.5 million cap on total equipment purchases. In 2022, businesses will no longer be able expense their research and development costs; this is a step in the wrong direction toward longer write-off schedules rather than toward expensing.
The not-great part:
Many Special-Interest Subsidies Remain. A large subsidy for domestic manufacturing is eliminated, but most other credits and deductions marked for repeal in the original House bill remain in the conference report. Among the surviving subsidies are tax credits for electric vehicles, wind-energy production, energy-efficient buildings, historic rehabilitation, orphan drugs, new market investments, and employer-provided child care. The conference report also adds a new tax credit for employers who provide paid family and medical leave.
The tax foundation estimates that taxes will go down for almost every household.
The reaction from various businesses was swift: AT&T, Comcast, Wells Fargo and Boeing all announced they’ll be handing out raises and bonuses in the wake of the bill’s passage.
Despite predictions to the contrary, America still seems to be intact and millions have not been slain in the wake of its passage.
I finally got off my lazy butt and got an SSL certificate for this blog.
So the official address is now https://www.battleswarmblog.com (note the new all important “s” after “http”).
FYI, my SSL certificate was free through WordPress and the Bluehost folks made the change for me.
Update your bookmarks and blogrolls accordingly, since Google and Firefox are starting to get all pissy about http connections (not that I really blame them).