Category Archives: political economy

Another Progressive-Democrat State Government…

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…favors illegal aliens over its citizens. New York is opening State government jobs to illegal aliens.

New York is allowing migrants with federal work authorization to apply for thousands of temporary government jobs, [Progressive-]Democratic Governor Kathy Hochul said.

And

I have 10,000 openings in the New York State workforce. These are all legal people.

They’re legal only in a very narrow, legalistic sense. They’re illegal aliens who’ve been—wrongly, I claim—granted temporary work permits.

Hochul also is lowering the requirement to have at least a minimal education, a minimal English language proficiency, and appropriate certifications as criteria for getting these jobs. In sum, she’s extending diversity hire ideology to include illegal aliens.

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Eric Adams’ Duplicity

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Or it’s the incompetence of New York City’s Progressive-Democratic mayor, Eric Adams.

After warning that a surge in illegal arrivals to the Big Apple would “destroy New York City” and blaming the influx for prompting budget cuts, New York City Democratic Mayor Eric Adams reportedly plans to provide illegal alien families with pre-paid credit cards.

A key aspect of Adams’ scheme:

The plan will begin with a $53 million pilot program targeting the migrant residents of the Roosevelt Hotel. Run through Mobility Capital Finance, the pilot plan will provide 500 families with an Immediate Response Card for use on food and infant care supplies.

This is a preview of Eric Adams’ Duplicity. Read the full post (330 words, 1 image, estimated 1:19 mins reading time)

Good That Something is Kicking Them in the Behind

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European nations are getting worried about another Donald Trump Presidency. That worry is

prompting some of America’s staunchest allies in Europe to push their neighbors that are more reluctant to spend into further action on defense and security.

To the extent that’s accurate and, if so, it bears serious fruit, that would be good, and ample justification for reelecting Trump.

In a sign that European officials are starting to address their armaments shortages, NATO Secretary-General Jens Stoltenberg on January 23 announced a $1.2 billion multicountry contract for 200,000 155-millimeter artillery shells, a type being heavily used in Ukraine. The shells will be produced in France and Germany and purchased by Spain, Belgium, and Lithuania.

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Joe Biden Had A Deal

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Progressive-Democrat President Joe Biden had a deal with Venezuela’s MFWIC, Nicolás Maduro: if Maduro would allow Maria Corina Machado, a Venezuelan opposition leader, to run in a free, unfettered election for the Venezuelan office of President, Biden would lift the oil and gas sanctions former President Donald Trump (R) had imposed over the Maduro government’s continued and rank misbehaviors.

And so it came to pass that Biden lifted those sanctions.

However.

On Thursday Venezuela’s president of the national assembly said Ms Machado won’t be allowed to run. The next day Mr Maduro’s hand-picked Supreme Court echoed that declaration, upholding the ban, with charges that she had engaged in conspiracies against the regime. The only “conspiracy” is that she opposes the regime.

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More Reasons to Disband

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Now the Biden administration is actively seeking to undermine our friends and allies on top of destroying our energy industry.

The White House on Friday announced a temporary pause on pending decisions of exports of liquefied natural gas to non-free trade countries, until the Energy Department can factor climate change into its reviews of the projects.

Two changes (for starters) are badly needed, and these changes badly need significant majorities in the House and Senate and a Republican in the White House (which puts a premium on the elections this fall).

This is a preview of More Reasons to Disband. Read the full post (332 words, estimated 1:20 mins reading time)

A Gen-Zer is Upset

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The young woman is tired of her generation being called lazy because they—she in particular—are working 40-hour weeks, “barely getting by,” and don’t want to do that for the rest of their lives. They have other things they want to do. She then insisted that today’s economy is not the one in which prior generations started out, and Gen-Zers starting out have it hard today compared to earlier generations when we were starting out.

She has a beef in some respects.

However.

Here is what was available to this Boomer when I was just starting out.

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India vs PRC

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The Wall Street Journal has an interesting piece comparing the People’s Republic of China’s economic future with India’s. In the second paragraph (the semi-lede?), there’s this:

The country’s population surpassed China’s last year. More than half of Indians are under 25.

A couple of graphs from the CIA World Factbook put the two nation’s population structures in sharp relief, and at this stage of the two nations’ economic development, those structures are their future.

This is the structure of India’s population (scroll down a skosh):

This is the structure of the PRC’s population (again, scroll a tad):

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Bank Capital Requirements

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The Federal Reserve is looking hard at increasing the amount of capital that banks must hold in the Fed’s effort to boost bank liquidity, or their ability to handle sharply increased withdrawal rates.

There is pushback against this proposal, including objections that it might make it harder for banks to lend to folks on the lower economic tiers, even that it might make American banks less competitive than foreign competitors. That last often (not always) is just political Newspeak for “be more like Europe.”

However, the problem can be preempted—or at least pushed a considerable way down the road, allowing for more thought—by doing something different that IMNSHO is a better move, anyway.

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You’ve Formed Your Opinion on EVs. Now Let Me Change It.

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That’s the headline on Dan Neil’s Wall Street Journal paeon to the battery-powered car. In his piece, he acknowledges the past and current shortcomings of Electric Vehicles, but he lays those off to car company marketing rather than to actual performance.

My mind isn’t as made up as Neil’s headline implies; nevertheless, challenge accepted.

I drove a Ford Fusion Hybrid for a number of years, and it was a fine car. However, the battery price premium was enormous, and the reduction in trunk capacity to make room for the battery was just as enormous.

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AMLO’s Extortion Attempt

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Mexican President Andrés Manuel Lopez Obrador has made his demands clear concerning what he wants in return for helping the Biden administration do its job—which it doesn’t need help doing—regarding our border with Mexico. AMLO’s demands are naked extortion.

  • give $20 billion to Latin American and Caribbean countries
  • grant work visas to 10 million Hispanics who have worked in the US for at least 10 years
  • end sanctions against Venezuela and halt the blockade of Cuba

No. Just close the border altogether. Let no illegal aliens in; forcing their remaining in Mexico. Also bar Mexican visitors and Mexican products.

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