“Meet Us Halfway”

With the newly installed Biden administration, the People’s Republic of China are enthusiastically touting the status quo ante. Here’s the PRC’s Foreign Ministry Spokeswoman Hua Chunying:

I hope they can meet the Chinese side halfway, uphold the spirit of mutual respect….

Meet us halfway: agree that the South China Sea with its islands and resources are our sovereign territory, and we’ll stop going after the East China Sea. For now.

Oh, and yes, we’ll respect you in the morning.

Income Equality

A short piece about billionaire real estate developer Jeff Greene‘s view of the current state of our economy had this:

A progressive Democrat, Greene explained that former President Donald Trump failed to support the working class by increasing wages and establishing income equality….

This is a typical Progressive-Democrat distortion of the facts. With unemployment rates falling to historic lows and Americans reentering the labor force (reversing a years-long trend), income equality actually increased markedly during the Trump administration. The lowest income earners got more hours and some pay increases, and those without jobs got jobs, increasing their income sharply from zero. In the meantime, the highest paid saw very little increase in their income. The rich stayed rich, and the poor got much less so.

Diversity vs Diversity

Nasdaq—the tech-oriented stock exchange (no irony there)—is demanding companies listed with it

appoint within the next four years no fewer than two “diverse” directors: at least one woman, and one person from an underrepresented racial or ethnic group or someone who identifies as LGBTQ. Any company failing this requirement would be obligated to explain why.

The SEC must approve the demand before it has legal effect, but look for the Biden SEC to grant that.

Nasdaq, and the rest of the social justice warrior-ettes and virtue-signalers, miss the point of diversity, though. Or they don’t miss the point; they just don’t care.

Works for Me

New York Governor Andrew Cuomo has taken his State hostage and, reminiscent of a scene in Blazing Saddles, involving his Cleavon Little character counterpart, is threatening that if he doesn’t get billions in Federal dollars, “the…hostage…gets it.” (“Isn’t anybody gonna help that poor State?”)

During a speech detailing the state’s annual budget, Cuomo requested at least $15 billion in federal funding—or the state will likely have to implement a number of undesirable measures, including tax increases.

And

Cuomo said the state has proposed temporarily increasing the top rate by two percentage points to 10.86%, from 8.82%. A wealthy resident in New York City would pay a top rate of 14.7% in combined taxes….

The Censor Campaign

Open MIC is a Left-wing activist organization that buys stocks in companies and then uses that shareholder status to push policies having nothing to do with the companies’ business and everything to do with “social justice,” sham diversity goals, and other attempts to alter the nature of commerce in our American economy.

Now the group has joined the censorship campaign against free speech.

Veto Authority

The People’s Republic of China has once again reached into American businesses to control what they do.

This time, it was the proposed acquisition by Cisco Systems of Acacia Communications, both of which are American companies. The PRC condescended to approve this acquisition—subject to certain conditions the PRC dictated.

The PRC also is actively interfering with the American company Applied Materials’ proposed acquisition of Kokusai Electric Corporation, a Japanese company.

Earlier, the PRC interfered with, to the point of blocking, a merger between Qualcomm, an American company, and NXP Semiconductors NV, a Dutch company.

More Bigotry of the Progressive-Democratic Party

This time as espoused by President Joe Biden (D). In describing one way his administration would fight the Wuhan Virus situation, then-President-elect Biden said this:

Our priority will be Black, Latino, Asian, and Native American owned small businesses, women-owned businesses, and finally having equal access to resources needed to reopen and rebuild.

He went on to call this “equal access to the resources needed to reopen and rebuild.”

That’s not equal access; that’s preferential access. And that preference isn’t based on merit or actual need, it’s based—in Biden’s own words—on race and gender. Progressive-Democrat disapproved of Americans are to be sent to the back of the bus—if they’re allowed to board at all.

Too Much Dependence

…on the central government in DC.

Sunday’s Wall Street Journal had a piece decrying the problems with getting the Wuhan Virus vaccines “the last mile” into folks’ shoulders. They’re right that that’s a serious problem. Even though the Federal government is behind schedule on getting vaccine doses into the States’ hands, those States have the bulk of those delivered vaccines still in the refrigerators, uninjected—they’re vastly behind schedule.

The States and locals, though, are mischaracterizing the problem. Typical is this:

An Empirical Test?

Ex-Progressive-Democratic Party Presidential candidate and ex-entrepreneur Andrew Yang now is running for mayor of New York City, and he wants to implement there his Universal Basic Income scheme.

We can eradicate extreme poverty in New York City. If you put just a little money in their hands it can actually be what keeps them in their home and, again, avoids them hitting city services that are incredibly expensive.

Or not.

Keep in mind that demand is not the number of people who want a product, it’s the amount of money being spent for the product.

On-Line Sports Betting

That’s the venue, but the question is much larger.

New York Governor Andrew Cuomo (D) is moving to authorize mobile sports betting, by having his government conduct “competitive bidding” for government permission to host such.

State Senate Racing, Gaming, and Wagering Committee Chairman Joe Addabbo (D, Queens) said in an interview that

he was glad the Democratic governor had shifted away from his opposition to online betting but believed the state should enact a more expansive system.
“I am not a believer that one sportsbook provider, or operator, can handle the volume in New York[.]”