Monthly Archives: March 2020

America’s Olympic Sports Organizations are Losing Money?

Posted on by
Reply

In spades, according to the US Olympic & Paralympic Committee:

…America’s amateur sports organizations stand to lose as much as $800 million from coronavirus-driven cancellations, including the postponement of the 2020 Tokyo Games until next year.

Color me unsympathetic. At least not until after the various civil and criminal cases over the women and girl athlete sexual and child abuses so rampant in our sports scamps—especially our Olympic and Olympic-prep camps—have finished their trek through our courts, and convicted miscreants are paying their compensatory damages and/or are serving their times in jail.

The USOCP appears to not be taking those miscreancies seriously, even today:

USA Gymnastics [a major abuser of girl and women athletes] is facing decertification from the USOPC….

Still. Four years later. The excuse being blatted about is that USA Gymnastics is in bankruptcy proceedings as it faces hundreds of lawsuits over Nassar. Nonsense. Decertification need have no impact on USAG’s bankruptcy. USOCP looks like it’s dithering.

Not a penny for these organizations, of which USAG and USOCP are only a couple of the larger ones. American taxpayer money needs to be focused on medical support and economic recovery.

Of course the matter remains before the Progressive-Democratic Party majority House: they still could get all that cash.

It Depends

Posted on by
Reply

The Wall Street Journal‘s editors are stewing about the Wuhan Virus relief bill that just passed the Senate. To an extent, the WSJ is justified in its concern; $2 trillion isn’t chump change (the editorial was written before the Senate voted the bill up, so details at the link might differ from Senate-passed reality). Couple things about the paper’s concern, though.

The bill includes $250 billion for $1,200 payments to Americans whether or not they’re affected by the virus. The cash will do little or nothing to help an economy closed by government fiat.

All Americans have been, and remain, economically affected by the virus and the government-mandated shutdown of our economy; the $1,200 isn’t for medical treatment. The rub here is whether the money arrives in individuals’ pocketbooks soon enough to do them any good in the immediate exigency. The Senate version of the bill (the Progressive-Democrat House won’t take the bill until today, and Speaker Nancy Pelosi (D, CA) is making noises like she’s in no hurry, and she still has roadblocks to throw down) promises the money as soon as possible, but in any case, no later than 31 December.

Assuming the money arrives soon enough, the editors’ concern about helping the economy seems overstated. Whether the money does anything for “an economy closed by government fiat” depends on the duration of the fiat. President Donald Trump has set an aspirational goal of “open by Easter,” but realization or further delay will depend on the medical facts extant at the time—facts that, contrary to journalistic and Party rhetorical implications, are constantly updated and considered.

Speaker Nancy Pelosi managed to earmark $25 million for, er, virus relief for Washington’s Kennedy Center for the Performing Arts.

That is pork, and it’s a harbinger of the roadblocks to come now that the bill is in Pelosi’s House. On the one hand, though, no less a light than Congressman Jerry Nadler (D, NY) has identified the center as symbolic of New York City and so, of course, a Critical Item. On another hand, those $25 million are 0.00125% of the total bill; if Pelosi and Nadler really will rent themselves so cheaply, it’s not a deal worth blowing up national relief for. Thursday night hookers might be, relatively, more expensive.

Finally,

Journalists will need weeks to cull through the pages and figure out what it all really means.

So will honest Americans and our businessmen. [/snark]

Supply Chain Disruption at the Source

Posted on by
1

Retailers are beginning to suspend, or cancel outright, orders from their Asian factories and other suppliers.  So far, it’s intended to be temporary; for example:

Ulrika Isaksson, an H&M spokeswoman, said “our long-term commitment to suppliers will remain intact, but in this extreme situation we need to respond fast.”

The suspensions and cancelations might—might—seem warranted regarding Asian suppliers, but the temporary nature of them, to the extent they’re warranted at all, should be limited to South and East Asia—in the main, Vietnam, Republic of Korea, and Japan.

The cancelations need to be made permanent regarding the People’s Republic of China, given that government’s dishonesty and its companies’ well-known poor quality control—the latest example of which is directly related to the PRC’s role in the Wuhan Virus’ global spread and that nation’s pretended claim to be aiding in the world’s recovery:

…Beijing sent 150,000 coronavirus rapid testing kits to [the Czech Republic] which return false results up to 80% of the time.

PRC producers just can’t be trusted; retailers, and all other producers, need to adjust their supply chains to originate somewhere else than in the People’s Republic of China. Permanently.

Strings on Airline Emergency Support

Posted on by
Reply

As we contemplate (what should be) a one-time support/subsidy for airlines in the midst of the present Wuhan Virus situation, a letter writer to The Wall Street Journal‘s Letters facility had a suggestion.

[I]f we the people are going to bail out the airlines then a caveat should be that senior executives take a pay cut and don’t receive their usual massive bonuses.

Agreed, but they’re not the only ones. The management teams of the various airline industry unions—national and Local—also should be required to take substantial pay cuts and forego their benefits, however the unions might couch the labels on those benefits.

After all, union management teams, with their greed, have contributed to the costs the airlines are forced to cover.  Labor—crew, maintenance, and passenger service—runs about 35% of airline operating costs.

YGTBSM

Posted on by
Reply

And now the Greens, the climatistas, have shown their true colors. Valentin Dupouey, Head of the Communications Unit at European Green Party, say this, as paraphrased by Eric Worrall, writing for Watts Up With That?:

[A] major overhaul of Democracy is required to force acceptance of the economic de-growth required to address the climate crisis.

Because we’re just too screamingly stupid to know what’s good for us, so to hell with us—the Greens will do democracy for us.

And this, a direct quote from the Right Reverend Dupouey [emphasis Dupouey’s]:

we need to be able to say to a Chinese average citizen that he will never be able to reach the material lifestyle of a French minimum-wage worker.

To hell with all of us. No aspiration for better lives—you won’t be allowed better lives.

Wow.