Category Archives: markets

Affordable Housing

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People’s Republic of China style.

The PRC is cracking down on excessive debt in the country’s housing industry, or so it claims. The government also claims it wants

to lower inequality and keep housing affordable for the masses.

But it just blew up 15 high rise apartment buildings. Those were already built, their cost sunk. Those complexes could have been at the core of the Communist Chinese Party’s claim of affordable housing.

Oh, wait—nobody wanted to live there.

That’s centrally planned economics in action. And a lesson for us, were our politicians interested in learning.

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Did He Do It?

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Joint Chiefs of Staff Chairman General Mark Milley stands accused by the journalists Bob Woodward and his co-author Robert Costa of having made apparently treasonous calls to his counterpart in the People’s Republic of China government to assure them that an attack was not imminent and promising to give them a heads up if the US were about to attack.

He’s also accused by these journalists of having illegally inserted himself into the chain of command, instructing the generals involved to not act on the Commander-in-Chief’s (i.e., the President of the United States) order to launch our nuclear weapons under any circumstance without first involving him, Milley, in the decision.

This is a preview of Did He Do It?. Read the full post (351 words, estimated 1:24 mins reading time)

California’s Regulations

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Do they impact other States?

One regulation, in particular, concerns California’s potential regulation, under the upcoming Proposition 12, which seeks to control the amount of space hog farmers devote to each hog.

Nominally, Prop 12 is causing non-California hog farmers (and, presumably, the two or three California hog farmers) confusion, according to Tasha Bunting, the Illinois Farm Bureau’s Assistant Director of Commodities & Livestock Programs:

Prop 12 really doesn’t have all of their rules implemented yet. What exactly it is going to look like hasn’t been finalized. It is really putting our producers behind the eight ball from the get-go[.]

This is a preview of California’s Regulations. Read the full post (224 words, estimated 54 secs reading time)

Government Fiat

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This is what the Progressive-Democrats in charge of our Federal Government are plotting [sic] in the way of drug pricing under Medicare Part D (the drug provision of Medicare), per the Tax Foundation.

Under HR 3 [the Elijah Cummings Lower Drug Costs Now Act], if drug manufacturers do not agree to participate in negotiations, or do not agree to the negotiated price, they would be subject to an escalating excise tax on the sale of the drug in question. The tax would kick in at 65 percent and would rise by 10 percentage points each 90 days the manufacturers are in “noncompliance,” reaching a maximum tax rate of 95%.

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Is Biden at it Again?

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Is this another dangerous failure of the Biden/Harris administration?

US officials have approved license applications worth hundreds of millions of dollars for China’s blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said.

Apparently, it’s been going on behind our backs since shortly after Biden took office.

But in recent weeks and months, people familiar with the application process told Reuters the US has granted licenses authorizing suppliers to sell chips to Huawei for such vehicle components as video screens and sensors.

This is a preview of Is Biden at it Again?. Read the full post (190 words, estimated 46 secs reading time)

Moving

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No, I’m not. That’s the name of my new Peter Hunt novel: Moving, and it’s available through Amazon’s Kindle store: https://amzn.to/3xHhhBW

A man wanted Peter Hunt to investigate his much younger wife, and Hunt doesn’t like domestic cases. On top of that, from the moment he came into Hunt’s office, the man rubbed Hunt the wrong way.
Hunt took the case, though. Go figure. When he and his friend and partner, Rachel Wellington-Smythe—Rick—plussed up his retainer and rate because the man also behaved badly toward Rick, the man didn’t bat an eyelash; he just signed and wrote out the check for the retainer. That raised red flags.

This is a preview of Moving. Read the full post (364 words, estimated 1:27 mins reading time)

More Progressive-Democrat Disingenuousity

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Now, with rising oil prices as demand increases as we start to come out from under the Wuhan Virus situation (which we’re doing despite the press’ and the Biden administration’s panic-mongering over the Delta variant), the Biden administration is pushing OPEC to boost their oil production to hold down prices.

The disingenuousness of this administration is breathtaking.

This is the same Progressive-Democrat administration that cut off our own, domestic, oil and gas independence by fighting our domestic production—to the ultimate benefit of Russia and the People’s Republic of China.

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The Left is On the Move

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…especially their political arm, the Progressive-Democratic Party.

President Joe Biden (D) has signed an Executive Order requiring all vehicle sales in the US to be electrically powered. Biden will masquerade his EO as “nonbinding.”

Sure. If he and his cronies in Congress didn’t intend for it to be binding, Biden would use his bully pulpit as President to stump for electrification of our vehicles. Instead, he’s going the cudgel route, covered by his velvet.

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Back Rent

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On the day the moratorium on rent paying, enacted during the Wuhan Virus situation, expired, the aggregated back rent owed as a result of that moratorium amounts to some $15 billion.

There is broad concern for the renters who owe the money, and that’s appropriate as far as it goes. But the concern doesn’t go far enough. What’s lacking is any concern regarding the other side of that coin: to whom all that money is owed.

“To whom” are the landlords, most of whom are mom and pop businesses and individual moms or pops who own a house, or two, that they rent out. Those $15 billion are owed to far fewer landlords than they are owed by renters.

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It’d Be All Right

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The USPS is planning on raising their first class mail rates to 58¢ from the current 55¢ and raising the rates on their other mail classes by 6.8%-8.8%.

This is another example of price-fixing by the Federal government. Maybe the increases are legitimate, maybe they’re not. But we can’t tell because market forces aren’t at work here, only government bureaucrats’ impressions are at work.

It’d be all right if we privatized all of mail delivery. Let a free, competitive market determine prices. Recognize the ubiquitousness of email, texting, Skype, Zoom, etc, etc, etc as competing communications techniques, and let a privatized snail mail system compete in that same free market.

This is a preview of It’d Be All Right. Read the full post (225 words, estimated 54 secs reading time)