Maybe Build Their Own Connections

Posted on 31 December 2019 by eehines

Idaho wants to connect several of its western communities to a renewable energy hub in eastern Oregon, and the green citizens of eastern Oregon agrees with the sentiment. Just don’t use actual power lines to do the connection. Brian Kelly, Restoration Director for the Greater Hells Canyon Council in eastern Oregon:

We need to develop more renewable energy, of course, but it shouldn’t come at the cost of damage to our last remaining wild places….

Yep. Dan Shreve, Head of Global Wind Energy Research at Wood Mackenzie:

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Wage Growth

Posted on 30 December 2019 by eehines

It’s been almost entirely missed by Progressive-Democrats and almost entirely ignored by the Left and its NLMSM.

Rank-and-file workers are getting bigger raises this year—at least in percentage terms—than bosses.
Wages for the typical worker—nonsupervisory employees who account for 82% of the workforce—are rising at the fastest rate in more than a decade, a sign that the labor market has tightened sufficiently to convey bigger pay increases to lower-paid employees.

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Capitalism and the Progressive-Democratic Party

Posted on 27 December 2019 by eehines

Barton Swaim, in his Wall Street Journal op-ed, pointed out “socialists'” error when they claim that capitalism is a system. Their attempts at such a definition—whether of economics, or politics, of…whatever—is necessary, though, in order for them to draw their supposedly favorable comparisons between the socialism flavor of the moment and capitalism.

But capitalism isn’t a system at all, as Simone Weil pointed out 80 years ago, using the then-European economy as her example, and which Swaim cited:

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Data Transfer and Privacy

Posted on 23 December 2019 by eehines

The European Union’s Court of Justice had recommended to it by an adviser to the court in a particular case involving Facebook that

Companies, including US tech giants, should be blocked from transferring European users’ data in some cases if they can’t guarantee it will be handled in compliance with European Union privacy laws….

That would seem to include a large number of international companies besides ours. Yet several EU member nations are moving apace to bring Huawei into their communications networks….

Hmm….

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Foolishness

Posted on 23 December 2019 by eehines

Russia and Ukraine have agreed a new natural gas transit arrangement to facilitate Russian natural gas through Ukraine to Europe. The EU was in on the negotiations, and it’s pleased. Maros Sefcovic, who was Vice-President of the European Commission for the Energy Union until last January and who then transitioned to Vice-President of the European Commission for Interinstitutional Relations and Foresight, led the EU’s part of the negotiations. He now says,

Russia remains a reliable supplier to European markets and Ukraine maintains its role as a strategic transit country.

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An Appeal

Posted on 21 December 2019 by eehines

Bayer is appealing a District court judgment against it and its Roundup product which has glyphosate as an important ingredient. The judgment is for $25 million, and Bayer thinks it’s a wrong judgment.

The German company’s main argument is that US federal agencies have determined its product is safe and not a carcinogen.

Bayer noted that the

verdict defies both expert regulatory judgment and sound science.

And

Because the EPA has consistently approved the sale of glyphosate without a cancer warning and has stated that including such a warning on the label would render the product misbranded, any state-imposed cancer warning is expressly preempted

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Another Welfare Cliff Example

Posted on 19 December 2019 by eehines

A small business owner having direct experience with employees, hiring, and welfare schema, wrote in his Letter in a recent Wall Street Journal:

We are seeing a segment of the workforce, usually single mothers, who want to work but can’t work too many hours because they would lose their federal, state and local subsidies.

This is by the design of the Progressive-Democrats: their goal is to keep these unfortunates trapped in their welfare cage, dependent on Progressive-Democrat politicians’ handouts because…votes.

The letter-writer went on:

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Minimum Wage Mandate Outcomes

Posted on 19 December 2019 by eehines

A National Bureau of Economic Research-sponsored Georgia Institute of Technology study by Sudheer Chava, Alexander Oettl, and Manpreet Singh tells a tale.

For each $1 increase in the minimum wage, the authors estimate that loan amounts dropped 9% more in the affected states. The risk of default was 12% higher. The average credit score for small companies in those states showed “a sharp decline.” Business entries fell 4% in the year the minimum wage went up. A year later, business exits rose 5%.
These results, the authors say, hold throughout various statistical analyses, such as while controlling for local economic conditions. The effects are stronger in businesses like restaurants and retail, which rely on low-skilled labor. Smaller and younger companies are more severely affected as well. In short, the authors conclude: “We find that increases in the federal minimum wage worsen the financial health of small businesses in the affected states.”

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That Was The Point

Posted on 16 December 2019 by eehines

The subheadline on a Sunday Wall Street Journal article says it all.

European voters have viewed the process so negatively that even EU-skeptic parties have mostly dropped talk of leaving the bloc or the euro

That was the entire motive for Brussels’ extended bad faith pseudo-negotiations with Great Britain after those uppity citizens voted to go out from the European Union. To be sure, Brit politicians, who insisted they Knew Better than their subordinate citizens, contributed to the mess with their own combination of arrogance and incompetent negotiating, but they just played into Brussels’ hands, they did not create the chaos.

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Gimme, Gimme, Gimme

Posted on 9 December 2019 by eehines

That’s what French unions are demanding with their strikes against French President Emmanuel Macron’s and French Prime Minister Édouard Philippe’s plans to streamline, standardize, and otherwise reduce the cost to French taxpayers of France’s byzantine pension system.

Never mind that the pension system consists of 42 different pension plans or that French civil servants insist that they are, somehow, special and so should have special perquisites unavailable to petty private sector workers.

Trains, subways, and buses were still severely curtailed on Friday, and hundreds of domestic and regional flights were canceled. There were no demonstrations on Friday, but unions have warned the strike could last days and become one of the biggest in France in over two decades.

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Category Archives: Economics