Category Archives: politics

Food Stamps and Work

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Now that the Obama administration’s waiver of work requirements for families without dependent children in order to be eligible to obtain food stamps has been rescinded, the vast numbers of recipients are being greatly reduced.  Alabama, for instance, this year resumed the work or work training requirement in a pilot program involving 13 of its counties and has seen its food stamp enrollment fall by 85%.  Georgia is running a similar program, and it’s seen a 58% drop.

It’s all well and good that the work/work training requirement has moved people off the food stamp rolls, but the flip side of that is what happens to those that are: are they actually working or training, or are they just shoved off the rolls, still unemployed, now deeper in poverty?  The Maine results give an indication.

An analysis of a group of 7,000 Mainers who left SNAP in 2014 found their total earnings increased from $3.85 million in the third quarter 2014 to $8.24 million in the last quarter of 2015.

That’s more than a doubling in earnings in just over a year.  These folks, clearly, are getting work; they haven’t just been shoved over a cliff.

Kansas is getting similar results.

…60% of former beneficiaries found employment within 12 months and their incomes rose by an average of 127% per year….

Hmm….

Russia and the PRC Propose

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Recall that northern Korea has just tested a missile it’s representing as an intercontinental range missile (and the missile’s flight profile suggests that it can reach Anchorage).  Northern Korea also has a potful of shorter-range missiles that easily can hit the Republic of Korea and Japan and most of our bases in the Western Pacific, including in those nations.  Russia and the People’s Republic of China have a proposal to resolve the matter.

[T]he Chinese and Russian foreign ministries proposed that North Korea declare a moratorium on nuclear and missile tests while the United States and South Korea refrain from large-scale joint military exercises.

This is just cynical.  In return for the US and the Republic of Korea stopping training to defend ourselves against attack, northern Korea would be allowed to retain, intact, its nuclear weapons facilities.

Sure.

Bank Bailout, Italian Style

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Italy has nationalized Monte dei Paschi di Siena, a major bank that otherwise would have gone into bankruptcy. In the process, the bank’s €26.8 billion ($32.5 billion) “nonperforming loans” will be “disposed of,” and the Italian government taxpayers will feed the bank €5.4 billion and get a 70% stake in the failing bank.

Under the bad loan disposal plan, €26.1 billion will be bundled and sold at 21% of gross book value, the vast majority to the government-organized Atlante II fund, while the bank retains 5%.

This is the third time Monte dei Paschi had gotten capital injections, and for some reason, the men of the Italian government thinks this third time will be the charm.  Of course, that’s an easy choice for them to make; it’s not their money being used in this risk.  It’s the Italian taxpayers’ money being cavalierly gambled.

No, instead the bank’s creditors and other investors should be the only ones on the hook; they’re the ones whose money is at stake, and they’re the ones whose management oversight was…absent.

The New Protectionism?

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A deep cultural divide between the US and Europe in their approaches to Silicon Valley has thrust European officials into the role of global tech-industry cops.

Notice that.  The EU is looking to dictate to the world how other nations’ businesses must conduct themselves, whether in Europe or not.  This “thrust” is an economic matter, too, so the question arises concerning just how much culture actually plays—or is it an economic matter.  And since the economics of the thing is aimed at protecting EU companies, the underlying question comes clear: is the EU protecting against unfair practices, or is it just protecting its domestic businesses from competition, a competition EU companies lose because they can’t keep up—especially under the costs inflicted by, for instance, the EU’s own labor laws?

And this:

Just Friday, Germany approved new legislation imposing €50 million fines on social-media companies that fail to quickly remove hate speech and terrorist content—over strident opposition from and other tech companies, which advocate self-regulation to tackle those problems. That step followed the €2.42 billion ($2.76 billion) fine that the European Union’s executive arm levied this week against Alphabet Inc’s Google for abusing its dominance as a search engine.

The concept of “free” speech is dragged in through the EU’s and now Germany’s imposed limitations on that, which have economic opportunity implications far beyond the mere freedom question raised in that post.

The Republic of Korea is considering using this sort of thing nakedly for protectionism.

South Korea’s antitrust chief told the Yonhap News Agency he will examine how to curb the market clout of Google and Facebook.

No fair.  Those guys are competing too successfully.

My thought isn’t new.  Ex-President Barack Obama (D)

said the EU’s investigations into big US tech companies were “more commercially driven than anything else,” suggesting the EU was trying to help out European competitors.

It’s just becoming more obvious.

Of What are they Afraid?

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President Donald Trump has formed his commission to look into national-scale voter fraud, as promised, and that commission has asked each of the several States for a potful of voter roll information.  Even though the commission has asked for a broad range of data, it has emphasized that it wants only the data that are publicly available according to the respective States’ laws.

Nevertheless, a significant number of States have chosen to refuse to supply the data.  Virginia Governor Terry McAuliff (D), for instance, wondered with a straight face “what voter fraud?  Who—us?”

I have no intention of honoring this request. Virginia conducts fair, honest, and democratic elections, and there is no evidence of significant voter fraud in Virginia[.] … At best this commission was set up as a pretext to validate Donald Trump’s alternative election facts, and at worst is a tool to commit large-scale voter suppression.

California Secretary of State Alex Padilla also has refused.

…not provide sensitive voter information to a commission that has already inaccurately passed judgment that millions of Californians voted illegally.

Kentucky Secretary of State Alison Lundergan Grimes:

Kentucky will not aid a commission that is at best a waste of taxpayer money and at worst an attempt to legitimize voter suppression efforts across the country[.]

Look who’s prejudging the outcome of an investigation that’s just getting underway.

I fail to understand why these folks want to obstruct the investigation.  After all, what better way to shut down Trump than to show, via his own commission, that his voter fraud beef is bogus?  Unless the beef is valid, and these guys have something to hide.

Naw.  Couldn’t be.