Archive for the ‘economy’ Category

Why calling out Russia matters

Posted: December 21, 2019 by ng36b in economy, war
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Maritime Safety Information Bulletin, from the Jacksonville Coast Guard Website

In the midst of all the impeachment news was a Maritime Safety Information Bulletin issued by the Coast Guard concerning the Russian vessel Viktor Leonov, an intelligence surveillance ship that has been prowling the East Coast. The vessel has been in international waters, which while annoying to the United States is in fact very legal. However, unlike in previous years, this year it decided to behave in an unsafe manner. The bulletin spelled it out pretty clearly:

The United States Coast Guard (USCG) has received reports indicating that the RFN VIKTOR LEONOV (AGI-175) has been operating in an unsafe manner while navigating through USCG Sector Jacksonville’s Area of Responsibility. This unsafe operation includes not energizing running lights while in reduced visibility conditions, not responding to hails by commercial vessels attempting to coordinate safe passage and other erratic movements. Vessels transiting these waters should maintain a sharp lookout and use extreme caution when navigating in proximity to this vessel.

Maritime Safety Information Bulletin, U.S. Coast Guard

The VIKTOR LEONOV’s operations should be a lesson as to why we build and maintain a Navy and Coast Guard. Navies aren’t cheap…the 2019 budget for the Navy alone is $194.1 billion dollars. In comparison, the United Kingdom spent about $79 billion on their entire military. The cost of not building a Navy is far worse though. The VIKTOR LEONOV is only a surveillance vessel, but she is likely preparing the battlespace for any future conflict in the Atlantic. The only credible deterrent to her operations is a solid response from a Navy, which she has received since entering the Western Atlantic.

Countries without Navies can’t enforce their Exclusive Economic Zones (EEZ). Every country is given exclusive rights over resources within 200 nautical miles of their coast. While that sounds nice in theory, in reality other countries are quick to take advantage of any countries inability to patrol their EEZ. China is exploiting EEZs to illegally fish in the South Pacific and Indian Oceans, as far away as South Africa. Small nations are struggling to keep out the hoardes of Chinese fishermen, who bank on China’s use of economic power to stop any action against their illegal fishing. China has also shown its willingness to illegally drill in another countries waters for oil, which it did in Vietnam in 2014. Even the United Kingdom illegally used waters for fishing, fighting three different “Cod Wars” with Iceland before recognizing Iceland’s EEZ.

A Navy isn’t cheap, but its cheaper to have one than watch another nation plunder your resources. It’s better to fight in waters far away from the Western Atlantic than on your own door step. As tensions continue to rise between the US and peer competitors, the Navy and Coast Guard will be the first to push back against any attempts at aggression on our shores.

This post represents the views of the author and not those of the Department of Defense, Department of the Navy, US Coast Guard, or any other government agency.

My Vox Problem

Posted: December 17, 2019 by julietteochieng in economy, local, News/opinion, politics, Uncomfortable Truths
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So much for freedom of the press in CA

by baldilocks

The urge is to laugh. But I’m not laughing.

Hundreds of freelance writers at Vox Media, primarily those covering sports for the SB Nation site, will lose their jobs in the coming months as the company prepares for a California law to go into effect that will force companies to reclassify contractors [freelancers] in the state as employees.

“This is a bittersweet note of thanks to our California independent contractors,” John Ness, executive director of SB Nation, wrote in a post on Monday. “In 2020, we will move California’s team blogs from our established system with hundreds of contractors to a new one run by a team of new SB Nation employees.”

The law in question is California Assembly Bill 5.

Back in September, Vox thought AB5 was a good thing.

Pushing AB 5 through the legislature is perhaps one of the most significant labor wins in decades, if only because the labor movement has had very few victories in the past 40 years. But it’s particularly significant because of California’s position as one of the world’s largest economies and its outsized influence in national politics. If any state can start to reverse the trend of shrinking labor unions, it’s California. (…)

However, hundreds of thousands of workers — possibly millions — will see an immediate impact on their working conditions after the switch.

Emphasis mine and that last statement is certainly correct.

On January 1, 2020, it will severely limit all of my gigs. In short, AB5 limits me to 35 pieces of freelance work per year for an individual recipient.

This includes my blogging here at DaTechGuy Blog.

Most of you know that I live in Los Angeles. Back in 2013, Peter invited to me to be one of his Da Magnificent Seven. Initially, each of us contributed one blog post per week, but, a few years back, we upped the number to two  a week which, of course, means that I post here 104 times per year.

You can figure out the impact. By the way, Peter — who lives in Massachusetts — is an awesome boss and a great guy.

I told you about California’s new law – and its purpose – weeks ago.

I’ve been saying to any who will listen that the goal of California’s Organized Left (OL) is to drive out the middle class. The OL’s dream population will consist of the rich and the servant class, with the latter being composed mostly of illegal aliens. (…)

Freelance writers – even itinerant “street artists” like me – are considered part of the middle class by the OL because we all have the potential of upward mobility and, most importantly, we cannot be controlled by an employer.

Problem laid out.

In my next DMS blog post — this Saturday — I will tell you what my options are.

HERE ARE THE OPTIONS:  Why I Stayed in California.

Juliette Akinyi Ochieng has been blogging since 2003 as baldilocks. Her older blog is here.  She published her first novel, Tale of the Tigers: Love is Not a Game in 2012.

Follow Juliette on Facebook, Twitter, MeWe, Patreon and Social Quodverum.

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Update DTG: Thanks Juliette for your kind words and thanks Glenn for the Instalanche. Hi folks, the template might be the same but the host is different so I hope you’re loading faster and without issue. While you’re here don’t forget to check out Juliette’s other pieces and

Hope to see you again soon

Do ‘experts’ have any value?

Posted: December 10, 2019 by chrisharper in economy
Tags:

By Christopher Harper

If you turn back the clock six months to the end of May, the “experts” predicted gloom and doom for the U.S. economy.

The key piece of information was the yield gap between three-month and 10-year Treasury bonds reach a low of minus 13 basis points. According to the “experts,” the gap forecast a recession.

Almost every talking head chirped on every cable outlet: Recession, recession, recession.

Fast forward to the current economic mood: Unemployment to record low levels. Jobs up. Consumer confidence up. Productivity up.

The disconnect between the facts and the “experts” even had The Wall Street Journal wondering: What would we do without experts?

The report noted that the “experts” had failed to predict that employers added 266,000 jobs in November—the fastest pace since 312,000 in January—and the jobless rate dipped to 3.5%, matching September as the lowest level since 1969. Wages also advanced 3.1% from a year earlier.

The “experts” were nonplussed. Even DaTimes acknowledged that many of the “experts” got it wrong.

“The mainstream view of the economics profession — held by leaders of the Federal Reserve, the Congressional Budget Office, private forecasters, and many in academia — was that the United States economy was at, or close to, full employment.”

The “experts” got it wrong by a full one percent, arguing that 4.7 was as good as it could get. The workforce prediction was off by more than one million people.

Fortunately, consumers and small business owners haven’t followed the advice of the “experts.”

Americans’ view of the economic outlook improved significantly in December, according to a University of Michigan consumer-sentiment survey. The University of Michigan’s gauge of consumer sentiment rose to a December reading of 99.2 from a final November reading of 96.8. Economists had expected a December reading of 96.9.

I guess we can add economists to the list of experts who can’t be trusted. That list already includes political analysts, sports commentators, and climate-change advocates.

One final note: We lost a true expert when Paul Volcker died this week. As chairman of the Federal Reserve under Carter and Reagan, he was responsible for bringing the country out of a deep recession and for stopping rampant inflation.

Under The Fedora on Monday “Moderate” Opinion, Why Dems Attack, Selling China Rice, The Church following the rules, and a Pat’s still bring fear

Posted: December 1, 2019 by datechguy in Always look at the bright side of Trump, business, culture, economy, media, News/opinion, nfl, politics, Sports, trade, under the fedora
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If you want to know why people don’t give “Moderate” Muslims the benefit of the doubt this is why

https://platform.twitter.com/widgets.js

It wasn’t long ago when such a piece would be too fringe even for the Guardian.

I think this tweet is the single best political justification for the media/left’s actions on Trump that I’ve read

https://platform.twitter.com/widgets.js

if you are the party out of power looking to regain it the last thing you want is for the people being “the happiest they’ve ever been” when your foes are in charge.

At the Doug Ross Journal (where I found the above tweet) I saw something that jumped out at me.

https://platform.twitter.com/widgets.js

It turns out this isn’t a new story:

The U.S. can now ship rice to China for the first time ever, signaling a win for President Donald Trump in his efforts to reshape the trade relationship just after talks between the nations broke down Wednesday.
Officials from the nations finalized a protocol to allow for the first-ever American shipments, the U.S. Department of Agriculture said Thursday in a statement. China is the world’s biggest rice consumer, importer and producer.

That’s from 2017 and this is from Feb

While there’s no guarantee, farmers and millers are increasingly optimistic because the Chinese ban has been lifted, a handful of U.S. rice mills have been cleared for export, and China is looking to make the Trump administration happy with commodity purchases.
It was in December that China took a major step toward making that happen, changing its customs regs and officially lifting its ban on U.S. rice. Separately, China has now officially cleared seven of the 34 U.S. rice mills that USDA’s Animal and Plant Health Inspection Service (APHIS) has asked China to certify under the country’s sanitary and phytosanitary regulations, U.S. industry and government officials tell Agri-Pulse. The remaining mills are still under Chinese consideration, sources say.

Oddly I don’t remember reading it before. Remember Media Bias isn’t just what gets reported, it’s what gets promoted.

Apparently a judge in Michigan believes it’s discrimination when a catholic priest decides not to enable her in a state of mortal sin to commit further mortal sin.

Judge Sara Smolenski, the chief judge of Michigan’s 63rd District Court, received a call from the priest at St. Stephen Catholic Church in Grand Rapids, Michigan, requesting she not attend communion.
“This is not about me against the priest, and it’s not really me against the church,” Smolenski told CNN. “This feels like selective discrimination. Why choose gay people, and why now?”
Smolenski, 62, said that the Rev. Scott Nolan, the priest at St. Stephen for approximately three years, called her on November 23 and told her, “‘It was good to see you in church on Sunday. Because you and Linda are married in the state of Michigan, I’d like you to respect the church and not come to communion.’”

Actually given the Pope we have the idea of a church actually enforcing the rules of the church might actually be newsworthy.

Finally thanks to my injury I was able to watch the entire Patriots game this weekend and see them one guy keeping his balance on an onside kick away from a shot at yet another miracle comeback.

It’s a testament to what Brady has done in the past that when they managed to score the 2nd of the three scores they needed for a chance that even with under a minute to go and no time outs kicking the ball that you could hear double in the voices of the announcers in a game that should have been over and feel fear in the stadium after Edelman caught that touchdown, but in reality the Texan response was classic Patriot defense by a former Pats defensive coordinator, leave the other team just enough space and just enough time to get close but still lose.

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