Not At All

California’s Proposition 12, which sets animal-welfare standards for meat sold within the state, has been upheld by the Supreme Court. It’s a ruling that should have been expected, and appellants’ claim that the California law violates the Commerce Clause notwithstanding, the ruling is proper. What a State requires of products sold entirely within it is not interstate commerce—which is the province, and the only aspect that is the province, of the clause.

All Prop 12’s law does is place requirements on the meat sold within the State; it imposes no requirements on how other States comport themselves, including how they raise their food animals. Nothing in the law forces other States to incur the costs of complying with it.

And They Accused Trump of Being Soft on Russia

Progressive-Democrat President Joe Biden’s Janet Yellen-run Treasury department has—once again—extended a waiver to a rule barring import of Russian oil and gas that was instituted ‘way back in March 2022. Even at the time of the rule’s institution, Treasury created a waiver to allow financial institutions to continue processing dollar-currencied payments for Russian energy in other countries.

The waiver was supposed to expire by that June, but Yellen extended it to early December. She said, through a Treasury spokeswoman,

This license [extension] will provide for an orderly transition to help our broad coalition of partners reduce their dependence on Russian energy as we work to restrict the Kremlin’s revenue sources[.]

Debt Limit Extensions

James Freeman quoted Capital Alpha PartnersJames Lucier’s prediction concerning reaching the current debt limit and Congress’ response to it:

We think that Congress will pass a temporary extension of the debt limit deadline for 30, 60, or 90 days.

The House already has passed a temporary debt limit extension—of ~365 days.

The sad fact is that all debt limit extensions, of however many years, are merely temporary, and that will continue to be the case until Congress quits spending more money than the Federal government takes in. The most efficient way of achieving that end is to cut spending—not merely reduce its rate of growth.

A Better Solution

Senator Joe Manchin (D, WV) is reintroducing his energy project permitting reform bill in the Senate. He also re-cited the need for reform in his remarks introducing the bill.

In the United States, it often takes between five and ten years—sometimes longer—to get critical energy infrastructure projects approved, putting us years behind allies like Canada, Australia, and more recently the EU, who each have policies designed to complete permitting in three years or less[.]

Some Economic Data

The GDP data are long-term troubling, never mind that the latest GDP number of (inflation-adjusted, yet) 1.1% has a nugget of favorability:

…falling inventories contributed an outsize share to the decline in growth from 2.6% in the previous quarter.

One interpretation of falling inventories is that customers are buying up those inventories, finally, and the drop would seem to stimulate increased production and inventory replenishment—which would be jobs, which would be future spending, which would….


Gross private domestic investment fell 12.5% in the quarter, driven by declines in business equipment (down 7.3%) and residential housing (down 4.2%).

Yet More Reasons

American and other businesses foreign to the People’s Republic of China really need to stop doing business in the PRC or with businesses domiciled in the PRC. That nation is making it increasingly dangerous—physically and legally—for foreign business’ employees even to be present there.

Hiroshi Nishiyama, a veteran Japanese executive at Astellas Pharma Inc and a prominent member of his country’s business circle in China, spent late March wrapping up his assignment there and preparing to head home.
He never made it. Mr Nishiyama disappeared on what was supposed to be his last day in China. A few days later, China’s Foreign Ministry said he had been accused of espionage and detained.

Anheuser-Busch’s Messaging

A letter writer to Tuesday’s Wall Street Journal Letters section offered a solution to Anheuser-Busch’s marketing fiasco of recent weeks.

A-B should produce a series of cans and bottles featuring labels highlighting soldiers, athletes, teachers, construction workers, etc. I’d start buying again, and I am sure many others would do the same.

I’m not sure I would. A-B’s managers spoke from their heart the first time and said what their values are. This time around, they would only be putting out those subsequent cans in response to the hue and cry over the former. There’s no possibility of taking the change as sincerely done with the current managers in place.


In commenting on the strongly negative impact that the Environmental, Social, and Governance mentality is having on European and European Union investment in national and EU defense, Aerospace, Security and Defence Industries Association of Europe Secretary General Jan Pie offered this warning:

European banks and investors have picked up the signal that Europe would be about to say defense is not a sustainable activity.

In one respect, that signal is correct. A defense establishment that is not adequately sized, armed, and trained will be unsustainable, as nations possessing such an inadequacy will be overwhelmed and conquered by nations that believe the best defense is a good offense, or that merely have better sized, armed, and trained military establishments.

Debt and Spending

Here’s a fun fact, one that every child from three years old and up who gets an allowance clearly learns, one that’s made explicit in any high school basic economics class, and one that’s driven home in junior college and college Econ 101 classes: when you spend more than take in, you owe the difference, either explicitly by borrowing separately to make up the arrears or implicitly by the existence of the deficit resulting from spending more than is taken in.

Another Reason to Not Take Federal Dollars

Aside from the fact that those dollars aren’t actually Federal government dollars; they’re OPM, the tax remittances of us ordinary Americans from all over our nation that then get transferred to other jurisdictions than the ones we live in.

Here’s the latest reason.

The Department of Housing and Urban Development is proposing a rule that would require towns that receive federal money to create “equity plans” for fair housing and take action to end racially unbalanced neighborhoods.

In other words, as the Wall Street Journal‘s editors put it,

the Biden bureaucracy wants to socially engineer suburban neighborhoods to its racial and ethnic liking.