Wednesday, December 2, 2020

CALIFORNIA CONGRESSIONAL RACES, UPDATE

December 2, a full month after the election, the last Congressional race in California has been called. 

There were 8 of the 53 Congressional seats not called by the day after the election, all where Republicans led. Some by a wide margin. ALL of those 8 have now been won by the Republican. Does it seem fishy that only the races where Republicans led were still in doubt? Waiting for a truck to back up with some "found" ballots like in 2018 in the 21st District?

Leave that behind for a moment--why isn't any news outlet "discovering" the wacky de la Fuente family who run in multiple races in multiple states? The Dems should be a bit miffed at Ricky for taking at least 7,000 votes that could have gone to the loser in the 21st District.

What are their motives? Just to become millionaires like the others who get elected to Congress? 

Don't hold your breath waiting for the "media" to consider them.

Why is the media/AP/NYT so reluctant to call an election outcome in favor of a Republican? For some of us, that isn't difficult to figure out.

Saturday, November 28, 2020

CALIFORNIA CONGRESSIONAL DISTRICT 21

District 21 has just been "called" by the AP with 97% of the 170,000 votes counted and the Republican candidate ahead by 1 full percentage point. Kind of a dangerous call given that two years ago, the Republican candidate, this year's winner, was "called" soon after the polls closed leading by about 6,000 votes out of the nearly 175,000 votes that could potentially be counted.

Again, it is November 28 and they are still counting. In 2018, the votes that came in late, some of them "harvested" (and if you don't know what that is, look it up), which were nearly all for the Democratic challenger. Then, the Democrat, Cox, won by 862 votes.

Seems like there should have been an investigation, but since the Democrat "won" in California, that was not going to happen.

This time, "harvesting" was not supposed to happen. Valadao, the Republican, was ahead by 52.1% on November 8. Now, he is ahead by 50.5% to 49.5%. Well, this is a bit misleading as Ricardo (Ricky) de la Fuente received 7,309 votes as of November 4, or a bit more than 4% of the current vote total. I was unable to find any reference to Ricky recently.

You might know of Ricky or his dad, Roque (Rocky). Ricky ran in a bunch of primaries, and in three Congressional races--The aforementioned California 21st District which is in the agricultural Central Valley around Fresno despite his birth and residence in San Diego; in Florida's 24th Congressional District (he was defeated in that primary); and in the Texas 27th District where he lost in the November election. We live in the 27th District, and he received 35% of the vote despite...well, despite!!

Rocky ran in a whole bunch of primaries, several Congressional races and for President He received about 60,000 votes for President from the voters in California.

There were eight Congressional elections in California (out of the 53 seats) that were not "called" on election night or soon after. All eight were where Republicans led. Eventually, seven of the eight have been called for the Republican. The eighth seat is very close...

Back to Ricky and Rocky. Why are they running? I wonder if it is because of deep affection for the people of Texas, California (and elsewhere) that they want to serve? Or, is it because they saw that someone could graduate near the bottom of his law school class, start as a Representative in a very small state, like Delaware, move up to the Senate and serve for 47 years, becoming a multi-millionaire in the process? I wonder if they saw Congress as a ticket to millionaire status?

Anyway, despite the reluctance to call any election in California for a Republican, the Republicans flipped 11 seats in Congress nationally, three of those in California with another Republican leading.

Most states have some sort of residency requirement to run for these kinds of offices. Texas does not. Apparently, Florida does not. Wondering if that might be something to fix?


Thursday, October 15, 2020

FOREST FIRES

 "... our court system is manipulated by activists and how, in this instance, that has resulted in unmanaged and mismanaged public lands."

The above quote is from a rancher whose family has lived on and used these lands since 1852. Recently, the fires consumed nearly 320,000 acres and killed most of their cow-calf pairs. The legacy is gone.

Courts, lawyers and activists now dominate how the Forest Service does its job and it is not good.

We recently drove to Dakota Dunes and while passing Omaha, we noticed that our eyes burned and it was hazy. Yep, smoke from the fires. Maybe California, maybe Colorado. I just returned from Denver and was informed that the air quality is worse than India.

How are we going to figure out how to deal with extremists who are able to finance court battles that destroy our land? Let's do something! Or the whole country will be like California, Portland and Seattle.


Wednesday, October 14, 2020

UNCLE DAVID

 

Linda often recounted the outstanding qualities of her Uncle David—he was a highly respected OBGYN in Spokane, played clarinet in the symphony and jazz bands, sang in the opera, was a chess master, a successful real estate developer and the list goes on.

Truly a Renaissance Man.

He and Aunt Jenny adopted several children then had a bio-child later. Aunt Jenny was a nurse and a wonderful person all around and she still is active in her mid-90’s.

Uncle David died last Friday, October 9, two days before his 96th birthday. A few weeks ago, he had been moved to the higher-level care area of their facility. He didn’t hear well, couldn’t see well, not eating, etc., the signs of an aging body, but when they set up his chess set, he proceeded to beat the staff most games. 

The remaining children, being what they are, didn’t tell Linda. So, instead, on Saturday night and again on Monday night, before she knew he was gone, an owl came in the wee hours to sit in our back yard and give her some hoots. We all believe it was a messenger from Uncle David, who loved her very much, letting her know since she had not heard.

She saw the post by one of the kids on Facebook on Tuesday. The owl has not been back.

Wednesday, September 16, 2020

BASEBALL 2020

 I haven't written about baseball in years. Expect baseball in 2020 to be as odd as the rest of the year.

The Royals have a better record at 20-29 right now than:

  • Washington:  17-29
  • Pirates           14-33
  • Dbacks          17-31
  • Boston           18-31
  • Rangers         17-31
I am not in the mood to look up the payrolls, but my guess is that the Royals have a payroll that is more like a AAA payroll for some of those bozos, like Boston.

Just a bit of good news for us old school guys.

Saturday, September 12, 2020

TWO IDEAS

 

I believe there are two things that would benefit our republic, and they are not new ideas:

·         Mandatory service

o   Accommodate young people with disabilities

o   Right after high school or if drop out

o   Teach civics as part of the 2-year curriculum

·         Term Limits

The latter, term limits give an advantage to the huge states at the expense of the poor, small states. California has 53 representatives in the House, so you can imagine who gets the Chairmanship of all the important committees if there is no scheme to limit that power. The ability for someone like Bernie Sanders, unemployed, a failure, to get on the gravy train and end up with multiple houses worth a lot of money, without proposing or passing any useful legislation (EVER!!) is preposterous. Joe Biden was left in the dust back in 1988 when he blatantly lied about his accomplishments and background, only to continue to get elected. Now, after 45+ years, he blames others for his misdeeds.

Mandatory service would be an antidote to the Gen Z entitlement programs they have enjoyed so far. Imagine the idea of being busted out of the service, only to be put into another “program” and that stigma would follow you the rest of your life? Sort of what the rest of us have tried to do—a lifetime of achievement. And the mandatory learning about the way our government runs might avoid somebody like AOC not able to answer the question, “What are the three branches of government?”

Just a thought.

MUGABE, ANOTHER PERSPECTIVE

 

Here is a reply to this post. This is personal, my friend Jerry (he has called me “Pete” for over 50 years) knows these people who have had this experience.

A very interesting topic Pete...and one with which I have some personal interest.  I know some folks, a man and his wife and their two children, who fled that troubled country in a hail of bullets with a small truck of treasured household belongings and some $500 in cash.  The fellow was a 3rd generation Rhodesian farmer... one of those that made that country the bread basket of Africa, and his wife was a 4th generation South African until she married the farmer.  They met in college in South Africa.  By the way, he told me he would hitchhike to college from what was then Rhodesia... it was safe to do so.  

They never have returned to that troubled place, although both of their children have.   I never detected actual bitterness, though I can’t imagine them not being bitter. There was huge disappointment at being driven from their home and livelihood, and then see the country fall to shambles.  

And they were such nice people.  I recall Pat and I spending an evening with them...all of us enjoying the company.  As another couple happily wed for a good period of time, we were discussing the merits of long-term relationships, and the concern we had contemplating what death would do to that.  In the graceful lilt of his English accent, the gentleman said it would be their strong preference, their hope “to fall off the perch together.”

Mad men are not limited to one race or one continent, and revolutions are not all just.  There are so many grays... so many unknowns.  

The free world has chosen to ignore numerous injustices.  It takes strong leaders to risk the actions necessary.  You can argue the role of involvement six ways from Sunday.  How much treasure and blood are we willing to risk?

Perhaps someone different than Roosevelt in the White House, or someone less persuasive than Churchill, and the world could now look a good deal different.  Our country has been fighting “little” wars in far off places for generations now, and our enthusiasm for such endeavors wanes.  We can’t always get our arms around who the good guys are, so it is easy to look the other way and decide it is not our battle.  And the truth of the matter is that if we don’t do it , there’s a good chance no one will.  

Man’s injustice to man fills history books.  We applaud the exceptions, and bemoan some of the others.  

 ORIGINAL POST

Why do so many of my posts to this blog have something to do with man’s inhumanity. Certainly, the subject today is one of the worst, a man who boasted about being today’s Hitler.

Here is a much better comment on the man and his evil: http://view.email.bostonglobe.com/?qs=858bff985004208ffa3bcfb59454e7add7c299243931775e60500269799648ad82f4d58b34e2b2819f228e4a51df75d78dfb9887d0bb5e9833cf87e08968cbf7d8e4e358b3bd928c202ca6afca49fe0f493635bd4c696a40

Jeff Jacoby is a talented writer and observer.

This is a message about the tragedy of Zimbabwe and how the free world stood by and praised his murder and mayhem, doing nothing because any interference with the killing and punishment of whites by blacks is political suicide. Apparently.

Another observation. Africa is a BIG place. For example, a trek from Morocco to Ethiopia is approximately the same as going from Anchorage, Alaska to Miami. Doesn’t look that big in my mind??

The murder of whites by blacks is not only a part of the history of Zimbabwe, formerly the breadbasket of Africa where starvation rules today. It has and is happening in other parts of Africa, such as South Africa, another highly-praised practitioner of questionable policies.

Also, the Global Slavery Index organization estimates that 9.2 million people are living in slavery in Africa.

And the free world stands by, doing nothing.

Friday, September 11, 2020

MUGABE

 

Why do so many of my posts to this blog have something to do with man’s inhumanity. Certainly, the subject today is one of the worst, a man who boasted about being today’s Hitler.

Here is a much better comment on the man and his evil: http://view.email.bostonglobe.com/?qs=858bff985004208ffa3bcfb59454e7add7c299243931775e60500269799648ad82f4d58b34e2b2819f228e4a51df75d78dfb9887d0bb5e9833cf87e08968cbf7d8e4e358b3bd928c202ca6afca49fe0f493635bd4c696a40

Jeff Jacoby is a talented writer and observer.

This is a message about the tragedy of Zimbabwe and how the free world stood by and praised his murder and mayhem, doing nothing because any interference with the killing and punishment of whites by blacks is political suicide. Apparently.

Another observation. Africa is a BIG place. For example, a trek from Morocco to Ethiopia is approximately the same as going from Anchorage, Alaska to Miami. Doesn’t look that big in my mind??

The murder of whites by blacks is not only a part of the history of Zimbabwe, formerly the breadbasket of Africa where starvation rules today. It has and is happening in other parts of Africa, such as South Africa, another highly-praised practitioner of questionable policies.

Also, the Global Slavery Index organization estimates that 9.2 million people are living in slavery in Africa.

And the free world stands by, doing nothing.

Wednesday, September 9, 2020

GAS CAN SPOUTS

Here's a surprise--it started in California. But the EPA mandated that gas cans had to conform to new regulations by 2009.

The result is that all of us struggle to use gas cans that leak and just flat don't perform their basic function which is to dispense a liquid from a container.

Most of us resort to retro-fitting the gas can with a usable spout. But you can't buy them that way. You have to dump gasoline on your hot lawn mower or spill the boat motor fuel into a wetland because that is all you can buy.

I have only personally witnessed one incidence of bureaucratic incompetence of this scale and that was when the Obama administration turned over the Small Business Administration to its bureaucrats at the start of his term. They effectively neutralized the function for which the SBA was created. 

Shouldn't we know by now how government bureaucracies perform?

Friday, August 14, 2020

BALLOT HARVESTING

Third parties in California can go out to nursing homes, churches, etc., and collect ballots during an election and transport them to the polls.

Does anyone see a problem?

The NYT and their ilk are critical of President Trump because he thinks this could lead to voter fraud. Ya think???? It is one of “Trump’s lies” according to the press.

Let’s look at a 2018 Congressional election in central California, the 21st Congressional District which lies in the agricultural Central Valley. The incumbent, David Valadao, had a 5,000-vote lead at the end of the voting day and the election was called by networks in his favor. But when the ballots harvested by third parties were counted later, he LOST by 862 votes to the Democratic challenger.

How about Orange County, California? Long a Republican stronghold, home of John Wayne, Democrats in 2018 won every seat, all seven. The last to be called was to a Democratic candidate who was behind by 3,900 votes on election night but astoundingly came back to win when the harvested votes were counted!

The Republicans in California and elsewhere are scrambling to gin up their vote harvesting game, but a little late to the cheating scene.

Just recently, the press has accused Trump’s press secretary of lying about there being more registered voters in California than there are citizens. She said 112%. Actually, according to the State’s own Secretary of State statistics, the number is probably closer to 114% in Los Angeles. Yet, they claim it is a lie. I read the “Fact Check” review that calls the claim “complicated,” and it basically proves that it is not a lie. Most of us just read the headline, sadly.

I have long held the founding fathers of this country in high esteem for many things, but especially their acknowledgement of “Human Nature.” They understood that people, left to their own devices and without checks and balances would naturally gravitate toward selfish (or worse) behavior. Thus, the Electoral College. Thus, the three branches of government (that AOC couldn’t name). Thus, vote in person with a valid ID, not through a third party. These are fundamental safeguards and minorities of all kinds need to endorse and protect them.

Thursday, July 2, 2020

TESLA, spectacularly wrong again



I know, both my readers are getting tired of my skepticism regarding Tesla stock, and I have been spectacularly wrong in thinking that the stock might go down in price. Instead, it is up over 50% this year and:

“Tesla is now more valuable than Honda, Ferrari, BMW, GM, Nikola, and Nissan...combined. Some more perspective: Tesla produced about 103,000 vehicles in Q1—Toyota made 2.4 million over the same three months.” Source, Morning Brew

The market has now been puzzling me for most of my 75 years.

Wednesday, May 6, 2020

TRIVIA


This is one of those times. I have mentioned that when I want to verify an historical event or a fact, there are getting to be fewer and fewer resources. They keep dying on me.

Take Ted and Leeta. I think their last name was Mertz. I think that is the way to spell her name. I know it rhymes with “Rita.”

My mother and Leeta were born on the same day about a mile apart west of Genoa on the Belgrade road. This is not “they have the same birthday,” but it was the SAME DAY! They were neighbors and it was October 31, 1910. Halloween. My mother often tried to dignify it as All Hallows Eve, the evening before All Saints Day, but it was Halloween just the same, a day of pranks and costumes.

Once each year, on a Sunday near their birthday, they would get together. To my knowledge, they had no other connection and those Sunday dinners at the Mertz home in Leigh, Nebraska, glow in my mind with extreme discomfort. Those were the days when kids were not supposed to misbehave or be rude. Or spill. Yech.

This was not something that would be memorialized in the paper or anything. The only people who might remember are gone. They had a daughter, Nadine, but she was just a myth to me—I never saw her. She was talked about, canonized it seemed to me. What a perfect daughter. The fear that has crept in revolves around the characters on the “I Love Lucy” show. Fred and Ethel. Was their last name “Mertz?” Is that what I’m remembering? Was it really “Ted?” Am I remembering this very minor event in a long life properly? There is no one to ask. Maybe this is the first sign of dementia?

Regardless, I sure would like to know how the hell to spell Leeta.

Saturday, April 25, 2020

FLYING GLORY AND THE HAIL STORM

Let’s say it was 1955. I was 10 years old, it was high summer, warm, humid, wind out of the southeast. Storm weather. Not everyone had “dried out” yet and left the neighborhood for California or Oregon, but they were going to go very soon. The mid-1950s, like the Dust Bowl of the 1930s and the Farm Crisis of the 1980s changed the rural face of the Plains states. Drought and commodity prices.

There were still remnants of the village of Woodville, the railroad stockyards were still there and a foundation that was the store that burned down. The old lumber yard building had been converted to a barn, but the Clark house was still there. Sitting on a huge parcel with beautiful elm trees, soon to be gone due to the Dutch Elm Disease, and a big lawn. It sported a “Hollywood” bathroom that amazed me since you could enter it from the master bedroom or the kitchen. Little did I know then that it “sported” an infestation of snakes due to someone’s misguided idea to insulate the house with ground up corn cobs. That invited rodents to the feast and the snakes came as uninvited guests. Bull snakes, harmless, but snakes nevertheless. A later resident of the house told me about getting up in the middle of the night to go to the bathroom and stepping on one. First, I wouldn't have needed to proceed to the bathroom; and second, I would never get up in the middle of the night thereafter.

Jim and Helen Clark lived there at this time. Jim’s father, Jim Senior, had been gone for years and his mother, Grace, moved to town when she retired from teaching. Just a couple of years earlier, though, she would roar past our house in her Model T Ford on her way to school. Young Jim was “Axel” to my dad as it seemed that nearly everyone had a nickname back then. Jim came back from the War, took over the farm with his brother Tracy, bought a new luxury motor car, a Hudson, went to dances south of the river and married Helen.

Tracy would eventually go off to Iowa State, become an equine vet professor and live a good life, but at this time they were both horsemen and adventurous young studs. Jim and my dad, Wally, “Ole” to Jim, went to Wisconsin each winter, brought back a truckload or two of dairy heifer calves and had a sale in the big Clark barn in Woodville. Farmers in the extended neighborhood needed good dairy replacements, so the sales were doing well, not great, more like “ok” for a few years. Until everybody left. For California. The drought and commodity prices pushed more of them off the farm.

Most farms had horses, and we had a pair of draft horses, Lady and Ty, along with the cow horses. Jim and Tracy often bought “rough” horses and through skill and determination would train them up to be worthy of someone’s interest as a working cow pony. One of those, a two-year old that Jim was training, started the events that are vivid in my mind now, 65 years later.

It must have been July, a Sunday, as the triangular wheat field southwest of our farmstead had been harvested and plowed. After a colt is “settled” by leading with a halter and become accustomed to the saddle, the boys would take a couple of their cow horses, a couple of ours (two I remember were our bay, Cherrie and their buckskin, Cindy) for a ride along. They would go out to the plowed ground, snub the colt to one of the cow horse saddle horns with Jim aboard and Tracy would mount up on the colt. The plowed ground would tire both the colt and the mature horse quickly, the colt couldn’t actually buck like he wanted with his head held up by the lead attached to the other saddle. The goal was for the raw young horse to grow accustomed to a rider and a tired mount is less likely to resist training. A new horse would take the place of the mature one and they would eventually get the colt really, really tired to the point that he could be ridden without the out-rider.

Like I said, it must have been a Sunday because there was something like recreation. Every other day was work even though the dry weather had caused the crops to be damaged to the point of failure. There was still work.

Jim was riding the colt on the road, he had been trained enough by this time that he was almost “broke,” but not completely so. He came to our place and probably had a cup of coffee along with everyone else at 4:00 which was when we always had “lunch,” just before it was time to start milking at 5:00. No matter if it was Sunday or a holiday.

When it was time to go back west to his house, everyone could see that there was a storm coming from the west. A big one, dark. Definitely a threat.

My mother had saddled up her horse, Flying Glory, earlier in the day and been doing some riding as she didn’t get a chance to do that often. “Glory” was a handful and on top of it all she had a foal, a filly (colts are male) maybe three months old that usually went along for the rides, trailing the big mare. Flying Glory was an American Saddlebred, rangy, leggy, all of 16 hands and she looked taller than any of our other horses. My mother, Norma, was about the only one who wanted to ride her, especially with the foal. It wasn’t that she was mean in any sense, but she was big, concerned with her offspring and not ridden much which makes just about any horse a bit squirrely.

With the storm coming up, Jim asked my mother to ride along to the railroad tracks, about three-quarters of a mile west, to keep his young mount easier to control and to get him very close to his barn. Not a problem, but they decided for some reason to leave Glory’s filly at home, not unusual, but it was not the mare’s preference. They sense these storms just like people do, probably better.

They headed for the Clark place, careful not to go too fast as a young horse can run away. Turns out, so can mature ones. They got to the railroad tracks which spooked the colt a bit, but Jim got him across and about that time a wave of rain came across the hills from the southwest, huge cold drops of a summer thunderstorm hitting Glory on the rear end, lightning and thunder all around and she took off for home.

We had unsaddled the other horses in the alley way of our barn, brushed them down, hung up the tack and spread out the blankets to dry while we waited for Norma and Glory to return. Gave the horses a pan of oats and turned them out with Glory’s filly, Susie. They were all a little jumpy with the weather, and Susie was nickering, she needed the mare.

The west-facing barn doors were traditional sliding doors that completely opened the alley way so a wagon could be backed in. The wagon would then be unloaded of its cargo, typically oats or cattle feed, into bins along the side. The barn doors were opened, the alley way empty. The floor was covered in planks laid longitudinally 70 years earlier and worn to a smooth sheen that extended about 25 to 30 feet to a wall. We could see from the open doors the drama developing to the west as Glory and Norma turned toward home. And she just laid out flat. My mother tried to rein her in, but it was useless.

The wall of rain came sweeping down the hills from the southwest and across the fields toward our place and the horse/rider were just at the edge. When she was named “Flying,” they must have sensed something.

When you get things like Sears-Roebuck catalogs in the mail, you need a big mail box, and one of those was set at the end of the driveway where Glory would turn into the home place. Was it slick enough yet that she would lose her footing coming around the corner? Well, she hit the mailbox, or rather my mother’s left leg hit the mailbox, but she came around the corner successfully. Next, the alley way.

She blasted through the barn doors and Wally tried grab the bridle, but decided to not hold on as everyone would certainly end up falling. Glory sat, all four feet locked, skidded along those planks all the way to the far wall that she hit with her chest. She stumbled to her feet...she had not lost her footing OR HER RIDER, which was a miracle.

She was wild, blowing, of course and anxious to get to Susie. We opened the top door to Susie’s pen so they could greet each other and everyone calmed a bit. My eyes, I would imagine, were still huge and the noise that had been quite deafening, turned down a few notches. Then we all started to realize that nobody was hurt. Nobody was injured, well, my mother’s left leg was bruised from hitting the mail box, but compared to what could have happened, nope. The hailstorm followed, but everyone was safe.

The rain was welcome, too late to help the crops and the hail hurt more than the rain helped, but that is the way life on the farm plays out.

I have replayed this scene many times. Not sure what that means, but the word that comes to mind is “vivid.”

The days of horses were about over in Woodville. Hell, Woodville would be completely gone soon thereafter. A guy in town, Art Poole, liked to tease Wally about being the “Mayor” of Woodville. Flying Glory disappeared from my memories about the farm, I don’t know what happened to her, but Susie was sold soon after and was killed in an accident.

My schoolmates were about to leave, too. They were all in other grades at Big Cut, District #12, Nance County, as I didn’t have anyone in my grade after kindergarten. One after another, the farmsteads would be abandoned, the buildings derelict and eventually cleared along with the shelter belts and other trees. Irrigation systems, pivots, would be installed. In many ways, the Prairie returned to grow tall grass, only this time it was corn. Trees were never supposed to be a part of that landscape, the vistas are longer now with fewer interruptions. The way they were before people tried to alter the landscape, a time before those barn planks were laid and a time before a ten-year-old's eyes were huge and a memory was set.

Tuesday, April 21, 2020

BLUE INK


People have myriad ways of making a living, from the common to the trivial to the obscure, and my “career” as a business broker has furthered my amazement at that. But here is one that is pretty amazing, even for me:


People make a living conducting studies and investigations into the making of blue ink in the Middle Ages. Seems that the formula, the process, and the ingredients had been lost for over a century with the advent of chemical dyes. But somebody noticed that the “illuminations” (fancy stuff in old manuscripts) had endured for ages while the chemical stuff faded. Those somebodies then went on a quest and discovered recipes in old Jewish Portuguese manuscripts written in an extinct language.

As “Indiana Jones” as that all sounds, this is a scholarly endeavor and resulted in the discovery of folium, a blue coloring made from the berries of a plant that lives in the dry, southern part of Portugal, the Chrozophora tinctorial and harvested at a particular time.

Wow. Can you make this stuff up?

Saturday, April 11, 2020

“THE LAUNDROMAT”




What a mess. Watched “The Laundromat” starring Meryl Streep basically, again, playing herself. She doesn’t have much range, does she? Upon the recommendation of a friend. Turns out, it is another tale told by the uninformed to arouse the passions of the “believers.”

In some ways, like “Food Inc” where the viewers who wanted to believe came away with a weird, skewed story of how the beef we get in the supermarket is the product of cruelty from beginning to end of their lives. That they “never get to feel grass under their feet.” Tell that to the ranchers!

Back to “The Mess” as it should have been named. The attempt to tell the story of money from the beginning of time was lame and then trying to drag us to an understanding of modern era money-laundering through sophisticated schemes involving off-shore shell corporations was a total failure. Really, people, you need to understand your subject in order to tell a story, and it is obvious these people don’t know much.

The conclusion, a script after the welcome conclusion of this travesty showed the real conclusion. Good stories don’t need to tell you what they told you, do they? Here is the gist of that post-script: “There are a lot of corporations in the US that pay no income taxes.” Yeah. So what? You have to explain those concepts because…well, the movie missed the mark on so many levels, but for sure it didn’t come close to explaining all that.

Delaware and its favorable corporation laws came under attack, as did Wyoming. I’ll leave Delaware alone, it can fend for itself, but WYOMING?? Yes, Wyoming is the state that invented the concept of the Limited Liability Company (LLC) that is used almost exclusively for small business formations these days all over the US. Nearly all my clients have LLCs. Why? Because they generally protect the individual owner from liability. The term “generally” is used because fraud and other wrong-doing is not protected. They also pay no tax. Why? Because the taxable income is then reported directly to the owner(s). At the end of the day, taxes due are paid.

There is a theory that ALL corporate income tax should be eliminated. That all the income generated by the corporation should be channeled through to the owners, the stockholders, just like the LLC. Currently, there is a double taxation—the corporation pays taxes on income and then the owner pays taxes on the relatively smaller amount delivered to them as dividends. This theory is opposed by the large accounting firms that siphon billions off by devising complicated schemes to avoid the first tax. The complex IRS tax code is a contract for eternal employment for accountants.

None of this is covered in the movie. Instead, it wanders around to a story about Chinese bribery and a vignette about a dysfunctional family of what appears to be an exiled African dictator who has billions of dollars, probably diverted from the largesse of US corporations and the US government trying to help his people. What? How does this further the story? Not that the scenario isn’t true, but where did it come from and where is it going?

Try to avoid these kinds of Hollywood propaganda. They do nothing to further your understanding, but waste a bunch of your time. Maybe destroy a brain cell or two along the way.

Monday, March 16, 2020

MARKET CRASH MARCH 2020


Mid-day Monday, March 16, 2020, the level of the stock market measured by the S&P 500 is back to last Thursday, down about a third in 20 days. Erasing 11 years of gains.

Since its peak on February 19, 2020, the markets have declined $11.5 trillion to about $23.8 trillion as measured by the Russell 3000 index which accounts for 98% of the value of US stocks.

That elimination of a third of the value of the market is startling:
·         It accounts for all of the gain since Donald Trump was elected president in 2016.
·         In order to get back from a 33% drop to the high of mid-February, the value will have to increase by 50%.
·        It is easy to blame the drop on the coronavirus. In my opinion, that is not the case, but if it were, the $11.5 trillion caused by 61 deaths (in the US) would mean that each death caused a loss of $188 billion. EACH! A bit out-sized, don't ya think?
o   The bull market was 11 years old, a record
o   It was time for a major correction
o   Russia and Saudi Arabia got into a tiff and caused oil prices to drop by nearly 50% (now that’s important!!)

China is no longer experiencing rapid spread of the disease. Many have discussed how China’s authoritarianism delayed disclosure and increased the severity of the problem, as was the case in Iran. There is some evidence that efforts in the US will contain the disease sooner than later, but the economic damage will take a long time to solve.

While we are at the process of finding the bright side of a disease and the upside of a huge market downside, remember 1665-1667. That was when Isaac Newton was self-quarantined due to the bubonic plague that killed approximately one-third of the population of London.

According to an excellent article by Jeff Jacoby in the Boston Globe,


That period was the most intellectually productive of Newton’s life and maybe the most productive period ever in anyone’s life...ever.

For example, in that time Newton discovered and described the nature of light (that it is composed of various colors), the apple fell and inspired him to correctly describe the nature of gravity, and he invented calculus.

Saturday, February 29, 2020

ASTOUNDED


Two experiences happened today that absolutely astounded me:

1.         Saw the movie “Dream/Killer” that details the 10-year saga of a 19-year old in Columbia, Missouri who is wrongly convicted of murder. The corruption of the police and the prosecutor were just infuriating. His conviction was overturned after 10 years, but his life was truly ruined.

2.         Was investigating the primary in my precinct in Texas and discovered that one of the Democratic candidates for Congress is not a resident of our area, is in fact a resident of California, and he is running for Congress in California at the same time as here. His father is also running in California, as a Republican. How can this happen?

      UPDATE: Post primary election: "Ricky" the guy from California, won the Democratic party nod to represent the Party against the Republican in November. Wow, a carpet-bagger for sure.

     
 I



Wednesday, February 19, 2020

PARDONS


Big current news involves President Trump’s pardons. One, Michael Milken, has evidently rehabilitated and the story is inspiring. But he is still banned for life from the financial marketplace.

Some are going to be controversial, like the former police chief of New York who was convicted of taking bribes. Former Governor of Illinois, Rod Blagojevich had his sentence commuted, and when you look at his crime, trying to sell the Senate seat vacated by Obama, you wonder if that deserves the sentence of 14 years. He has served 8 years.

In the articles I read, no one mentions pardons by former Presidents. I stood in my front yard in Virginia Beach visiting with a neighbor about various subjects when the subject came up about Obama’s pardons. He pardoned One Thousand Nine Hundred Twenty-Seven (1,927) criminals and my neighbor saw the list. His comment to me: “Boy, there are some really bad guys on that list.”

My neighbor is an FBI agent and he noted that it is common practice to “plead down” to save money, time and effort when the prosecution doesn’t have enough hard evidence to convict on a more serious crime. You see this on TV all the time. The names on Obama’s list had been convicted on drug charges, typically, and were serving long sentences. That was, according to my FBI neighbor, because the murder, rape or similar charges just didn’t have enough hard evidence.

Did anybody see this in the news? Back then? Now?

Tuesday, February 4, 2020

TESLA, AGAIN AND AGAIN AND AGAIN



I know, you are tired of me talking about the company that makes what I think are fancy golf carts. But it is an interesting story.

Back story: I last wrote about TSLA April 2, 2018, and before that in 2014. The theme has been the same, it is grossly overpriced and just because Elon Musk is an expert at getting government subsidies, it is still not a good value.

WRONG! I may be right about the over value thing, but completely wrong about the way the stock would move. Today, 1:00 EST, February 4, 2020, the stock is up 16.6% to $909. Yesterday, it was up 19.9%. Since October it is up 200%+.

Market cap today is about $140 Billion. Compare that to General Motors, a measly $48 Billion.

As I’ve said before, the markets are not necessarily rational, especially when governed by emotion. I have brought up tulip bulbs before. Here’s another one: Amazon increased in value in after-market trading the other day by $100 Billion (yes, that much in after-hours trading) to top $1 Trillion in market cap. For perspective, United Parcel Service has a total market cap of $87 Billion.

There ya go. That’s what makes a horse race, I guess.

Monday, February 3, 2020

CHIEFS

Well, aren't we all glad that the Chiefs won? Honestly, the way San Francisco is going, it would have been too dangerous (or dirty) to hold a victory parade.

Someone will be complaining about the name, "Chiefs." It isn't as simple as they think.

From CNN (of all places to find a fact!): "It all started with, of all things, the Boy Scouts. The Tribe of Mic-O-Say is part of the Boy Scouts of America program in Missouri and was created by Harold Roe Bartle in 1925. ...Bartle went by the name of "Chief Lone Bear" in his Mic-O-Say organization..." although he was not Native American.

"Almost 40 years after the founding of Mic-O-Say, Bartle became the mayor of Kansas City...colloquially known as "Chief." Bartle helped convince Lamar Hunt... to bring the Dallas Texans to Kansas City."

There was a name competition and "Chiefs" won, apparently in connection with Bartle. I was unaware of this history, but one of the identifiable components of the Kansas City skyline is the building with the "hair curlers," Bartle Hall Convention Center.

Now you have it.






























Thursday, January 9, 2020

ANDREW JACKSON


After the Battle of New Orleans, upon return to his home at The Hermitage:

The sons of America have given a new proof how impossible it is to conquer freemen fighting in defense of all that is dear to them. Henceforward, we shall be respected by nations who, mistaking our character, had treated us with outrage. Years will continue to develop our inherent qualities, until, from being the youngest and the weakest, we shall become the most powerful nation in the universe.
                Nashville 1815

Some now serving in Congress should contemplate these words.