Texas vs. California Roundup for July 11, 2013

July 11th, 2013

The hot days of summer are here. Texas is now into its usual 100° summer days. However, if it’s any consolation, Death Valley hit a record 129° in June.

Texas’ business climate is a lot like our summers: hot, hot, hot! California’s business climate is a lot like Death Valley: Still and oppressive.

On to the Texas vs. California roundup:

  • Unemployment claims are up in California.
  • You know all that talk of California having a small budget surplus? That doesn’t count the $10.3 billion California owes the federal government for unemployment compensation, an amount that is not expected to be paid off until 2020.
  • Between 2007/8 and 2013/14, “the officially reported unfunded pension liability for state workers through the California Public Employees Retirement System (CalPERS) grew from $31.7 billion to $57.2 billion, an 80.1% increase.”
  • He, remember that short-lived BART strike? How horribly were the employees “underpaid?” “BART employees — including management and nonunion workers — earn an average of about $83,000 annually in gross pay, contribute nothing toward their retirement and $92 monthly to health insurance. Their pay and total compensation are both the highest in the Bay Area among transit agencies.”
  • BART’s highest paid employee in 2012? Someone who earned $333,000 and never worked a day that year.
  • California’s coming health insurance death spiral.
  • California writer explains why he and his family relocated to Texas.
  • Did taxes help Dwight Howard decide to leave the Los Angeles Lakers for the Houston Rockets?
  • Rick Perry retiring means the Texas is losing on of its greatest pitchmen to the business community.
  • California, bluest of blue states, forcibly sterilized female prisoners. Well, liberal’s love of eugenics goes back at least as far as Margaret Sanger…
  • European Debt Crisis Update for July 10, 2013

    July 10th, 2013

    The ongoing European Debt Crisis hasn’t ended, it’s merely undergoing a summer hiatus while the various bankers and Eurocrats involved in the shell game take their customary 8 week vacations. As such, expect a new round of crisis headlines to come rolling in during the fall.

    Remember: The purpose of the shell game is to let insiders unload their bad debts onto taxpayers. (Look how it was done in Ireland for pointers.) The shell game will continue as long as the insiders can get away with buying off restive electorates with an unsustainable cradle-to-grave welfare state.

    Europe’s present is our future.

  • Once again, Greece is being given money to pretend to reform. Look for more fake austerity, and another bailout in six months.
  • “Greece will never repay the money it’s been lent to ‘save’ it. The current debate over whether Greece has done enough by way of reform, tax hikes and spending cuts to have earned the next tranche of bailout funds is largely beside the point. If Greece is cut loose, or walks away, its euro-zone creditors will lose their money. The Greeks and the Germans are surely both aware of this. They’re also aware that Greece’s external debt position is far worse than when the bailouts began—when its debt stood at a mere 129% of GDP—and that any talk of debt sustainability in Greece has become a joke.” It’s now at 157% of GDP.
  • Predictably, Greek unions respond to more fake austerity and staff cuts by extending strikes.
  • Europeans realize that their governments are corrupt. Those who think they’re not corrupt? “In Spain that number is just 8 percent. In Italy, it’s 13 percent. And Greeks and Portuguese have the least trust in the world regarding their governments’ efforts: Just 1 percent of respondents say their government is making strides against corruption.”
  • And just how corrupt is Greece? “Politicians and journalists are viewed as on the take by most Greeks with 50 percent also saying they’ve had to bribe public officials to get services.”
  • Eurozone unemployment hits all time highs.
  • The EU is preparing a banking union bill. No word on whether it will require depositors to take haircuts like those in Cyprus in the event of a bank failure.
  • And speaking of bank failures, there are rumblings that Slovenia will require a bailout.
  • Portugal is still trudging through their own bank bailout…
  • …despite which they may still need another bailout.
  • Italy could be forced to beg for a bailout in six months.
  • UK actually proposes to roll back some 35 EU laws. This may be the first sign that Cameron’s wet Tories have actually noticed how effectively Nigel Farge’s UKIP is eating into their base…
  • UKIP itself says it’s a threat to the entire political class Well, let’s hope so…
  • Latvia is now set to join the Euro on January 1, 2014.
  • Perry’s Decision and the State of Play for Texas Statewide Races in 2014

    July 9th, 2013

    With Rick Perry declining to run for reelection as Governor, we finally have the crystallizing event that will set the 2014 field. So here’s an early look at how the next year’s statewide races are shaping up in Texas:

    Governor

    Attorney General Greg Abbott and his $18 million warchest is going to be the overwhelming favorite almost no matter who else jumps into the race; he has all Perry’s strength’s without Perry’s disadvantages. If David Dewhurst jumps into the Governor’s race, Abbott will still be the prohibitive favorite. Tom Pauken will be hard-pressed to match Glenn Addison’s 2012 senate race total of 1.6%. On the Democrats’ side, instant abortion celebrity Wendy Davis might be the favorite, but there’s no reason to expect Abbott won’t cream her by 20 points, and as a politician since 1999, there’s no indication she can self-fund. Neither of the Castro brothers strike me as stupid enough to want to tarnish their national office chances by losing a governor’s race. Beyond that it’s random state senators and reps (reportedly Rep. Mike Villarreal and Sen. Kirk Watson are considering runs), or retreads from the 2012 senate race.

    Lt. Governor

    His humiliating senate race defeat proved that David Dewhurst is vulnerable to a challenge from the right, but I remain unconvinced that any of the three currently declared candidates (Land Commissioner Jerry Patterson, Agricultural Commissioner Todd Staples, and State Senator Dan Patrick) are the ones to do it. Dewhurst and Perry both moved up from the Land and Agricultural Commissioner positions (respectively), but neither ran against an incumbent, much less a well-heeled, entrenched one. Patrick tested the waters for the 2012 senate race, but found the groundswell for him non-existent. Moreover, Patrick’s candidacy appeals most to social conservatives, but after the abortion dustup, they would seem among the least likely to desert Dewhurst. Presumably U.S. Rep. Mike McCaul (the only man currently in Texas politics richer than Dewhurst) could defeat Dewhurst were he to get in, but so far he hasn’t made any moves to get into the race. In this, and all lower statewide races, whoever runs for the Democrats is whatever random candidates decided to skip the governor’s race.

    Attorney General

    With Abbott running for governor, this race is wide open. With Railroad Commissioner Barry Smitherman’s website already touting him as a potential candidate, his entry is pretty much a foregone conclusion. State Rep. Dan Branch is also said to be considering a run. Someone on Abbott’s staff could also get in, or a state legislator with a law degree who has been blessed by Texans for Lawsuit Reform. (Maybe Ken Paxton?)

    Comptroller

    Incumbent Susan Combs has said she’s not running for reelection. Early word was she was eying the Lt. Governor’s race, but I don’t see her getting any traction there. Losing 2010 Tea Party/Ron Paulite gubernatorial candidate Debra Medina is rumored to be considering a run (and the previous link goes to a webpage for an exploratory committee for that race). State Senator Glenn Hegar is also said to be considering a run, as is state Ways and Means chairman Harvey Hilderbran. (State Senator Tommy Williams has preemptively bowed out.)

    Land Commissioner

    With incumbent Jerry Patterson gunning for Dewhurst’s job, George P. Bush, son of former Florida Governor Jeb Bush, nephew of Bush43, and grandson of Bush 41, is considered a lock for the race. Though nothing about George P. Bush’s limited public appearances suggests he’s invulnerable, it’s doubtful he’ll draw a serious challenger this far down the ballot who’s willing to take on the Bush Machine’s renowned fundraising prowess.

    Agricultural Commissioner

    State Rep. Brandon Creighton is rumored to be interested in a run. Rep. Tim Kleinschmidt is passing on the race

    Railroad Commission

    When Smitherman runs for AG, his position will open up. State Rep. Stefani Carter will be running, along with “Dallas businessman Malachi Boyuls and geologist Becky Berger of Schulenburg.” Greg Parker, who made it into the runoff with Smitherman in 2012, is another possibility.

    And don’t forget all those wildcard Texas millionaires and billionaires who might suddenly decide to run for office…

    Perry Will Not Run for Reelection in 2014

    July 8th, 2013

    The longest-serving governor in Texas history is stepping down.

    This clears the way for Texas Attorney General to run, where he’ll be an overwhelming favorite.

    More later.

    LinkSwarm for July 8, 2013

    July 8th, 2013

    Funny how three day weekends where you have to work Friday always leave you with more stuff you need to do rather than less. So here’s the Friday LinkSwarm on Monday.

  • “Barack Hussein Obama: You Killed the Arab Spring.” And other anti-Obama signs from Egyptian protesters.
  • Why is Obama more concerned with Morsi being deposed than he ever was with Mori’s totalitarian destruction of Egypt’s democratic institutions?
  • Ted Cruz says that Obama is making the same mistake in Egypt he made in Iran.
  • “In government, Morsi and his allies had an impossible task: to make Egypt work. Now they have an easier one: watch it fail.”
  • Speaking of which, at least 50 people were killed in clashes between Egypt’s military and the Muslim Brotherhood.
  • Islamic terror group Boko Haram burns 30 people alive, most children in an attack on a boarding school in Nigeria.
  • Turkey imprisons more journalists than any other country.
  • Germany’s finance minister: “We should not accept Turkey as a full member … Turkey is not part of Europe.”
  • Thomas Sowell: “The political left’s welfare state makes poverty more comfortable, while penalizing attempts to rise out of poverty. Unless we believe that some people are predestined to be poor, the left’s agenda is a disservice to them, as well as to society.”
  • “All the net growth in employment among the working-age (ages 16–65) over the last decade went to immigrants (legal and illegal). Since 2000 the total number of immigrants employed is up by 5.3 million, while native-born employment is down 1.3 million.”
  • Modern liberalism, among other things, is a psychological state, in which very-well-off Americans find ways through their income and privilege to be exempt from the ramifications of their own ideologies, while adopting causes and pets that exempt them from guilt over their own status and limitless opportunities. Judging by their concrete actions, they are indifferent to the poor whom they romanticize at a safe distance.”
  • Conservatives take aim at Lamar Alexander.
  • The bill Wendy Davis killed would have required abortion clinics to meet the same safety standards as clinics that perform LASIK.
  • Disgraced former NY governor to run for New York City comptroller…against his former madam. Gee, the Eliot Spitzers and Anthony Weiners of the world must really miss all the fawning and graft.
  • UT ranks 26th on the list of top 100 universities in the world. Don’t know how accurate that ranking is, but it must rankle Yalies to rank a mere 10th…and behind Harvard!
  • How does a Western cost $250 million to make, even after Johnny Depp has taken a pay cut? Unless half the budget went to cocaine?
  • What’s the difference between MSNBC and paint drying? A: Some people watch paint dry.
  • Happy Independence Day!

    July 4th, 2013

    To celebrate I contemplated the usual range of patriotic video, but just couldn’t stay away from this very NSFW paean to America from Team America: World Police.

    Morsi Deposed, Millions Cheer

    July 3rd, 2013

    The inevitable has happened. The Egyptian military has deposed corrupt, dictatorial Muslim Brotherhood President Mohammed Morsi, suspended his Islamist-tainted constitution, and promised new elections. Adly Mansour, the head of Egypt’s Supreme Constitutional Court, is Egypt’s new president.

    There are coups and there are coups. Morsi was trying to pull the classic “one man, one vote, once” maneuver of turning Egypt into a one party Islamic state under his dictatorship. So intent was he on this goal that ignored trivial Presidential duties like reviving the economy and protecting the lives, liberty and property of Egyptians, with Copts and political opponents killed in the streets. This is a coup that increases, rather than decreases, the chance for Egypt to experience real democracy, still slight though it may be.

    Hopefully the army will follow up on it’s promise of fair elections. The Green Laser Revolution continues apace…

    Satan Calls Press Conference To Disassociate Self From Texas Democratic Party

    July 3rd, 2013

    FOR IMMEDIATE RELEASE

    Austin, Texas: Today Satan, the Prince of Darkness and ruler of the infernal underworld, held a press conference on the Capitol steps to disassociate himself from the Texas Democratic Party.

    “Last night, a bunch of pro-abortion supporters at the state capitol chanted ‘Hail Satan’,” said the Prince of Lies. “And, you know, all well and good. Any publicity is good publicity.”

    “But I wanted to make one thing clear,” said the Angel of the Abyss. “In no way, shape or form am I, Hell, its many powers and principalities, or At His Satanic Majesty’s Request Industries Ltd., involved or associated with the Texas Democratic Party.”

    “Sure, there’s a lot to like about the Texas Democratic Party,” said the Great Deceiver. “I’m totally down with the baby killing, I’m big on bankrupting future generations through deficit spending, I love breeding despair though intergenerational welfare dependency, and how could I oppose being soft on crime?”

    “But, c’mon!” said the Son of the Morning Star. “I’m a man of wealth and taste! I’m hardly going to let myself be seen paling around with those pathetic clowns in the Texas Democratic Party!”

    “If I were running the show, don’t you think I’d be able to get at least one Democrat elected statewide since 1994?” asked the Vile Tempter. “They used to own this state, but now these boobs couldn’t find their ass with both hands! I don’t want to be associated with that sort of incompetence.”

    “If I’m going to come to Texas, I’m going to go to San Antonio to hang out with my heavy metal homies, because those dudes know how to party,” said The Great Serpent. “Plus I know a place that serves killer breakfast tacos.”

    When asked if he was associated with the national Democratic Party, the Devil said “Wow, look at the time! I’ve got to wrap this up, I’m late for a beheading in the Sudan. But before I go, I just want to tell the reporters here that we’re always hiring good PR people for Hell, and we pay a lot better rates than MSNBC.”

    Live Updates From Egypt

    July 3rd, 2013

    If you want to follow what is likely to be Morsi and the Muslim Brotherhood’s last day in power, a few live update sources:

  • The BBC
  • Russia Today
  • ABC
  • Al Jazeera
  • Egyptian Military Confirms That Morsi Regime Is In Its “Last Hours”

    July 2nd, 2013

    On its Facebook page.

    In other news, the Egyptian military has a Facebook page…