View Full Version : Economic impact of COVID-19
Badger52
05-11-2020, 14:54
this got my attention.
Nashville, like many other cities, has fiscal troubles that predate the pandemic. Taxes are political poison in Tennessee, a legacy of the Tea Party movement, and officials have engaged in financial engineering to keep them low.
It restructured some of its municipal bonds in 2010, putting off payments to avoid higher taxes, according to the state comptroller’s office. Since then, outstanding debt ballooned to $4.4 billion in fiscal 2019.Do they not watch these bankrupt (in more ways than one) giant metro hives - or even the US Postal Service - and not think that recipe works exponentially and terminal velocity is easily achieved?
Jeebers.
:rolleyes:
I live in CA. We should claim bankruptcy. But that would be just a bit disruptive.
LHC
I'm betting that there will be a major push to repeal Prop 13.
I'm betting that there will be a major push to repeal Prop 13.
Newsom may try, but I'd put money on him coming up with some scam tax that does not involve voter concurrence, nor the legislators documented votes.
Like a 30% ransom tax on assets of car manufacturers trying to leave the state?? :munchin
Badger52
05-12-2020, 11:35
Like a 30% ransom tax on assets of car manufacturers trying to leave the state?? :munchinNot counting any previous breaks given to Tesla, would that get the amount of money that Newsom covets? Or are there others contemplating this?
Rhetorical probably; I don't think slugs like that are ever satisfied, especially when they've painted themselves into the "free stuff" corner.
Not counting any previous breaks given to Tesla, would that get the amount of money that Newsom covets? Or are there others contemplating this?
Rhetorical probably; I don't think slugs like tare ever satisfied, hat especially when they've painted themselves into the "free stuff" corner.
ditto, I do not support ER Muskrat, he was just a current affairs tic-mark. Newsom will use any perceived BAD-GUY as the tax target, and he has a lot of them.
I am also sure the Nancy Pee & the Kali Swamp Rats will propose all sorts of COVID Reparations (zero pay back loans) in the next multi-bazillion stimulus package to cover what Newsom doesn't tax.
I just hope 45 has the testicular fortitude to veto the reparation package :mad:
Did I ever mention I support line-item veto?? :lifter
Badger52
05-12-2020, 12:26
Did I ever mention I support line-item veto?? :lifter
:lifter Wisconsin has had that in some form for some time. It has been also in & out of the courts for some time, but still exists. In its current form, with specific regard to appropriations, as long as a completely new sentence isn't created by striking pieces of 2 others, it can be really done with a sharp knife (or the very sharp nib of a pen). A governor has been known to make a $25,000,000 appropriation for some "program" into $5,000,000.
Not used that often in the regular course of things, but (as might be expected) it does tend to apply some brakes to the shrieking Dems from time to time.
Ret10Echo
05-12-2020, 13:55
This was an interesting take on the "global" economy
COVID-19, Free Trade, and the Nation-State (https://www.faithandfreedom.com/covid-19-free-trade-and-the-nation-state/?hsCtaTracking=78859d59-55a2-495f-bafd-ae5a5d858f21%7C29910847-3486-41dc-bf64-e522d1a16111)
How does the trend toward globalism contract as nations realize that supply chains can become disrupted very rapidly and how depending upon a critical item being delivered from another nation may be a poor plan.
Going back to the founding of our Nation, George Washington realized that dependency upon Europe for arms was a non-starter and therefore established the arsenals at Harper's Ferry and Springfield. Fast forward to today and ask yourself what are those things that we should not be dependent upon a foreign nation to deliver at their own hazard and risk.
Badger52
05-13-2020, 19:11
The argument that Pittsville is not Milwaukee apparently resonated a bit for the state supreme court. The issue at hand actually was not a decision about the Governor's authority under an Emergency Order. It was about the cavalier & unilateral decisions (according to the orders) issued by an UN-elected official (acting Health Secretary Andrea Palm). The Court took serious issue with the failure by Palm (who, let's face it, was just parroting whatever Evers tells her to do on the phone) to follow prescribed legal procedure for such things already codified in law & that involves the legislature. (Frankly, I think both she & Evers are way out of their depth and are also part of the Democrats' plan to "make this as long & painful as possible and then blame the Republicans.")
The SC took issue with a variety of things, including the sweeping non-essential business closures, barring (under criminal penalty) private gatherings of ANYone not of the same household, etc., ad nauseum.
Immediately upon this verdict Dane County issued their own "Safer at Home" orders. For those not living there it's typically referred to as the Commie Enclave of Madison so the response is generally, "well, of course they did, the little dears."
At this point a fair portion of the state that is NOT Madison or Milwaukee is basically governed "withdrawing their consent" from the governing. It remains to be seen what the Legislature (both chambers R's) will do.
LINK-type stuff:
A fairly balanced local story on it is here (https://www.news8000.com/evers-stay-home-extension-overstepped-authority-state-supreme-court-rules/).
(Note: A Marquette poll is worth only what a Democrat is willing to pay for it. 'Nuff said - they are notoriously biased almost to being laughable.)
Normally I'd not type this much about local stuff but - MOO - some of the biggest Reichsfuehrer-like behavior has come from at least 2 of the much bally-hoo'd "swing states" of MI & WI. That behavior may bite them in the ass down the road.
The actual verdict is here (https://www.wicourts.gov/sc/opinion/DisplayDocument.pdf?content=pdf&seqNo=260868).
Ret10Echo
05-14-2020, 15:59
POTUS rolls into PA where he and the Gov have been taking shots at each other.
ALLENTOWN, Pa. (AP) — President Donald Trump says the coronavirus pandemic highlights the importance of U.S. manufacturing and moving supply chains out of China, a rival he blames for not doing enough to slow the spread.
“These stupid supply chains that are all over the world — we have a supply chain where they’re made in all different parts of the world,” Trump said in an interview with Fox Business Network’s Maria Bartiromo that aired Thursday. “And one little piece of the world goes bad, and the whole thing is messed up.”
“We should have them all in the United States,” he said.
WJACTV (https://wjactv.com/news/nation-world/trump-virus-shows-supply-chains-should-be-moved-from-china)
POTUS rolls into PA where he and the Gov have been taking shots at each other.
WJACTV (https://wjactv.com/news/nation-world/trump-virus-shows-supply-chains-should-be-moved-from-china)
Agree & dis-Agree with 45. He sees the problem, I'm not sure he has a solution :mad:
Properly managed supply chain means repetitive and redundant coverage, bot in depth and breath.
Supply Chain China,, is the old story about all your eggs in the same basket.
Jobs for Americans should be the FIRST consideration.
Finding alternative sources SECOND
Buying cheap & throw-a-way product,, LAST..
Additionally, preventing foreign entities from purchasing intellectual property rights has to be controlled.
We failed as a business and as a country when we went to China for cheap labor and ended up giving away the intellectual property rights to get the DEAL..
On The Flip,, as China became Bazillionairs,, they, in turn, came to the USA and started purchasing cheap physical assets that could strip the USA of its core resources,, Agriculture, Minerals, and OIL.
We have a very large problem.
Ret10Echo
05-14-2020, 16:47
Agree & dis-Agree with 45. He sees the problem, I'm not sure he has a solution :mad:
Properly managed supply chain means repetitive and redundant coverage, bot in depth and breath.
Supply Chain China,, is the old story about all your eggs in the same basket.
Jobs for Americans should be the FIRST consideration.
Finding alternative sources SECOND
Buying cheap & throw-a-way product,, LAST..
Additionally, preventing foreign entities from purchasing intellectual property rights has to be controlled.
We failed as a business and as a country when we went to China for cheap labor and ended up giving away the intellectual property rights to get the DEAL..
On The Flip,, as China became Bazillionairs,, they, in turn, came to the USA and started purchasing cheap physical assets that could strip the USA of its core resources,, Agriculture, Minerals, and OIL.
We have a very large problem.
JJ
Do a quick web search for "cfius regulations"
R
JJ
Do a quick web search for "cfius regulations"
R
CFIUS would be a good start,, if it was adhered to.
I know of CFIUS,, it's the poor implementation I dislike.
It's been politically manipulated from the get-go.
Almost 40yrs ago,1982?, I was asked to look into IBM PC manufacturing business model.
The plant manager thru VP level was in a tizzy because they had lost control of the pipeline. At that time Japan was the sole source for displays and a couple of other sub-assemblies.
The people sent to negotiate the contract were told to get the best deal as the plan was to sell millions, with a thin profit for market penetration. Remember the first PC's sold between 5K-7K USD :eek:
They did their job. The product was purchased in blocks that fit a container ship, one shipment per quarter. They paid in advance(more savings). Assumed responsibility FOB shipment dock(more savings) Delivered to customs in San Francisco, then trucked across the US to Boca Raton, Fl (more cheep transportation)
1st Ship great success, a big party, many monetary awards..
2nd ship,, Never showed up?? After 6 months we found out the ship sank in a storm, 100% crew & cargo. Japan said FOB my dock, not my job, not my money.
That's where I came in.. By the end of the 1st month, we were flying full 747 cargo planes into Miami to our own custom house. The turnaround was down to fewer than 10 days from 4 months, from the Japanese manufacturing dock to ours. It took a little longer but we ended up with manufacturing in Korea and Europe.
:munchin
Ret10Echo
05-14-2020, 17:49
That is the rub.
Define what is "National Security" first. I'm thinking before some lady ate a bat, we were thinking weapons system components and electronics...not N95 masks, tyvex suits and giant q-tip swabs.
But as you note, there is a $$ cost associated with "made in 'merica".
But as you note, there is a $$ cost associated with "made in 'merica".
If we could clean up Mexico, it could be "Made in North America."
Ret10Echo
05-18-2020, 06:00
Taiwan company to build semiconductor factory in Arizona
Does this get the "Silicon Desert" going again?
There were some comments to the story that the time it takes to build the facility that it will be producing outdated product. Still, potential for some substantial silicon slab production might spark some other electronic manufacturing.
AP story (https://www.abqjournal.com/1456024/taiwan-company-to-build-semiconductor-factory-in-arizona.html)
CFIUS would be a good start,, if it was adhered to.
I know of CFIUS,, it's the poor implementation I dislike.
It's been politically manipulated from the get-go.
Almost 40yrs ago,1982?, I was asked to look into IBM PC manufacturing business model.
The plant manager thru VP level was in a tizzy because they had lost control of the pipeline. At that time Japan was the sole source for displays and a couple of other sub-assemblies.
The people sent to negotiate the contract were told to get the best deal as the plan was to sell millions, with a thin profit for market penetration. Remember the first PC's sold between 5K-7K USD :eek:
They did their job. The product was purchased in blocks that fit a container ship, one shipment per quarter. They paid in advance(more savings). Assumed responsibility FOB shipment dock(more savings) Delivered to customs in San Francisco, then trucked across the US to Boca Raton, Fl (more cheep transportation)
1st Ship great success, a big party, many monetary awards..
2nd ship,, Never showed up?? After 6 months we found out the ship sank in a storm, 100% crew & cargo. Japan said FOB my dock, not my job, not my money.
That's where I came in.. By the end of the 1st month, we were flying full 747 cargo planes into Miami to our own custom house. The turnaround was down to fewer than 10 days from 4 months, from the Japanese manufacturing dock to ours. It took a little longer but we ended up with manufacturing in Korea and Europe.
:munchin
We never thought it was a bad idea to give up the panama canal.
https://history.state.gov/milestones/1977-1980/panama-canal
once we took control in 1989 we should have renegotiated that bad decision with the war on Drugs.
Now look 19 years later.
https://www.thetrumpet.com/13973-china-buys-panamas-largest-port
Now look 19 years later.
https://www.thetrumpet.com/13973-china-buys-panamas-largest-port
We made them bazillionaires,, this is the new PRC Trickle Down Business model?? :munchin
TOMAHAWK9521
05-18-2020, 09:06
Aren't the ChiComs also working on a new canal through Central America to accommodate their super tankers and capital ships?
Aren't the ChiComs also working on a new canal through Central America to accommodate their super tankers and capital ships?
Nicaragua....... it’s not doing so good but moving along.
Jimmy peanut head put us in a bad position when he gave the canal back. The Chinese immediately started buying up banks, shipping company’s before the ink was dry.
James Earl Carter...
pfft
Turns out the same bankers who swindle us every chance they get can't be trusted when it comes to precious metals either. Redact bankers.
https://www.bloomberg.com/news/articles/2019-09-16/jpmorgan-s-metals-desk-was-a-criminal-enterprise-u-s-says
Turns out the same bankers who swindle us every chance they get can't be trusted when it comes to precious metals either. Redact bankers.
https://www.bloomberg.com/news/articles/2019-09-16/jpmorgan-s-metals-desk-was-a-criminal-enterprise-u-s-says
I wonder how many elected government officials have investments there.
Many I'd bet.
In fact, I'll bet a financial downturn that caused a congressional "investor" to lose a few bucks is why this case was suddenly busted 'wide open'
"Suddenly"? That story is 8 months old.
Agreed - "suddenly" is certainly a poor analysis and an even worse choice of words
Better to question how it has been going on under everyone's nose for ten years without anyone ever noticing considering the article said it was going as far back as early 2008 - or maybe its been going on all that time while legislators looked the other way.
Agreed. There's a new sheriff in town, but he needs more deputies. Maybe even a posse.
Badger52
05-20-2020, 15:17
Agreed. There's a new sheriff in town, but he needs more deputies. Maybe even a posse.Perhaps you could take your posse in one direction while the vigilantes get busy over thisaway.
:D
Badger52
07-01-2020, 06:55
And the big city over by the river, La Crosse, cancels Oktoberfest. So an absence of about 200k visitors, and a $15M negative economic impact. I'm sure everyone has probably had some events that are normally taken for granted that are now cancelled. This is a major one to that area and, with the cancellation of the Grand National Tractor Pull, and the Cranberry Festival (several hundred K turistas from around the world) 2020 is a year of exploration of alternatives.
And the big city over by the river, La Crosse, cancels Oktoberfest. So an absence of about 200k visitors, and a $15M negative economic impact. I'm sure everyone has probably had some events that are normally taken for granted that are now cancelled. This is a major one to that area and, with the cancellation of the Grand National Tractor Pull, and the Cranberry Festival (several hundred K turistas from around the world) 2020 is a year of exploration of alternatives.
By all means cancel all the good stuff because of this dreaded pandemic. As long as they remember not to stop any peaceful protest that may erupt in the meantime.
I just had a horrible revelation - this change in the economy might be all my fault....
Back February I was cleaning out my garage and I found a dingy old lamp. I blew the dust off it and then rubbed it on my shirt to shine it up some.
While I was shining it up - I was thrown backward by a puff of smoke and a blinding flash of light. When I sat up on the garage floor to catch my breath, I realized there was someone in my garage standing over me.
I was right in the middle of turning around and halfway through saying, "who in the actual fuck do you think you are" when I realized an honest to god magic genie had manifested out of this the old lamp I had been buffing out...
I told the genie that I wanted more spare time to stay at home and enjoy life. Time to just kick back and pour a shot of Jameson in my morning coffee - time to play ball with my dog - spend more time with the family - cook - eat - watch TV - clean my guns...
...all the things that just eluded me in the work-a-day life I have been living for the last 30 years. The genie snapped his fingers and again, a bright flash of light and a puff of smoke.
Next thing I knew, I was teleworking because of the corona pandemic.
Ret10Echo
09-14-2020, 15:20
Well, here we go
Oh no you didn't....
Sorry Wolf (https://wjactv.com/news/local/judge-strikes-down-pennsylvanias-pandemic-restrictions)
HARRISBURG, Pa. (AP) — Gov. Tom Wolf's pandemic restrictions that required people to stay at home, placed size limits on gatherings and ordered "non-life-sustaining" businesses to shut down are unconstitutional, a federal judge ruled Monday.
U.S. District Judge William Stickman IV, who was appointed by President Donald Trump, sided with plaintiffs that included hair salons, drive-in movie theaters, a farmer's market vendor, a horse trainer and several Republican officeholders in their lawsuit against Wolf, a Democrat, and his health secretary.
The Wolf administration's pandemic policies have been overreaching, arbitrary and violated citizens' constitutional rights, Stickman wrote in his ruling.
Badger52
09-14-2020, 19:27
Well, here we go
I'll take "Other than SCOTUS Appointments are Critical" for $1600, Alex.
...tell me again how many judges have been appointed during the Trump administration?
Ret10Echo
09-15-2020, 08:23
...tell me again how many judges have been appointed during the Trump administration?
According to PEW Research - 194
The previous administration appointed 312
^^^ That charts shows me that despite his flaws and foibles Trump needs to be re-elected to another term to match or overtake Obama’s number of appointees. At a minimum, to act as a check and balance to the other major political party. Perhaps, this is sufficient reason for those not viewing Trump as their particular cup of tea to support Trump this time around.
Biden is a mere facade for a growing radical Democrat party...hell bent on more fundamental transformation using street unrest for fomenting instability in an obvious power grab for even more control over our lives...with an even more radical Harris...a mere heartbeat away from the presidency.
ETA: one relevant but very important observation...it appears even to a casual observer that our legal system really is broken.
Not particularly at the street/police officer level...but certainly at the policy level...especially at the county/district attorney/prosecutor and judicial levels.
Observe how this catch and release (never mind the “stand down” policy)...no bail policy appears to be working out. Riot and burn...arrest and release with no bail to riot and burn the next night...
Ret10Echo
09-15-2020, 15:01
Well, here we go
Oh no you didn't....
Sorry Wolf (https://wjactv.com/news/local/judge-strikes-down-pennsylvanias-pandemic-restrictions)
Today Wolf reaches into the bag of tricks and screams "Orange Man Bad"... followed by "We saved lives".
That overrules the Judge.
In other, and most confusing news...
HARRISBURG, Pa. (KDKA) — State lawmakers are considering a bill that would make it a misdemeanor to go maskless in public.
Supporters of Senate Bill 1287 says Pennsylvanians who don’t wear masks are recklessly endangering other people and not following the rules set forth in the state’s emergency order.
Those opposed to the bill say requiring masks infringes on a person’s rights and doesn’t account for people who cannot wear masks or face coverings for medical reasons.
Golf1echo
09-15-2020, 17:01
Agreed - "suddenly" is certainly a poor analysis and an even worse choice of words
Better to question how it has been going on under everyone's nose for ten years without anyone ever noticing considering the article said it was going as far back as early 2008 - or maybe its been going on all that time while legislators looked the other way.
Speaking of going on under everyone’s noses... Just because MSM selectively picks the news that fits their agendas that doesn’t mean others aren’t uncovering real news. Astounding clip “ The Truth About the Biden’s” reveals relationships and modus operandi of the Biden’s and the last administration as well.
A look into “ Riding the Dragon “
https://m.*******.com/watch?v=Z97aSohTffo
Full Documentary: Riding the Dragon - https://m.*******.com/watch?v=JRmlcEBAiIs