Tag: bankruptcy

Yale students demand two administrators be fired for defending free speech

8:13 am

The coming dark age: Students at Yale University on Thursday demanded that two university administrators be fired because they refused to ban certain Halloween costumes that might offend some students.

On Thursday, the students surrounded Yale College Dean Jonathan Holloway—a black man—in an outdoor space and chided him for failing to take action against a fraternity that had allegedly prevented black women from attending its party. (It’s not at all clear the allegation is true, according to The Daily Beast)

After giving Holloway his comeuppance, they moved on to Nicholas Christakis, master of Silliman College. What was Christakis’s crime? His wife, an early childhood educator, had responded to a campus-wide email about offensive Halloween costumes by opining that it was inappropriate for the college to tell students how to dress.

There are videos also showing the students attacking Christakis. Watch them, and then weep for the fall of western civilization. Key quote, by one of the students:

It is not about creating an intellectual space! It is not! Do you understand that? It’s about creating a home here! You are not doing that. You’re going against that.

In other words, going to Yale is not about going to a place where intellectual ideas of all kinds can be expressed. You go to Yale to feel safe and unbothered.

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Excommunication scene from Becket

6:01 pm

An evening pause: On the eve of this year’s election day, this scene from Becket (1964) expresses well what I wish the American voters would do to both the Democratic Party and the Republican leadership in Congress. They all need to go, for the health of the country and because of their repeated malfeasance in office.

Hat tip to Phil Berardelli, author of the new edition of Phil’s Favorite 500: Loves of a Moviegoing Lifetime.

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45 Republicans vote against Paul Ryan nomination

3:04 pm

The Republicans have nominated Paul Ryan (R-Wisconsin) for Speaker of the House with only 200 of 245 votes.

Those 45 members are enough to block him from getting the Speakership during the partisan floor vote on Thursday — if the 45 GOP legislators maintain their opposition, and if Ryan is not aided by a last-minute bloc of Democratic votes.

During the closed-door conference, Ryan won just 200 votes for the nomination. Former Florida House Speaker Rep. Daniel Webster (R-FL) earned a whopping 43 votes. Rep. Marsha Blackburn (R-TN) — who isn’t officially running for Speaker — received one vote. House Majority Leader Rep. Kevin McCarthy (R-CA), who dropped out of the Speakership race a couple weeks ago, got one vote as well.

The failure on Ryan’s part to win 218 votes—the threshold for anyone to win the Speakership on the House floor assuming every member of the House is present and voting for a person—is a major embarrassment on his part.

If those who opposed Ryan in this Republican vote maintain that opposition when the whole House votes, the only way Ryan can become Speaker is if he gets Democratic votes. If that happens than either he won’t become Speaker or the Republican Party faces a breakup.

Based on recent events with the budget deal, it might make sense for some of these fake conservatives in the Republican Party to admit their real loyalty and join the Democrats. The conservatives would then probably lose control of Congress, but at least we would know where people honestly stood.

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Another Obamacare co-op fails

10:14 am

Finding out what’s in it: Utah’s only Obamacare co-op has announced it is shutting down at the end of the year due to lack of funding/income.

Arches, the only co-op health plan in Utah, began offering insurance through the Affordable Care Act in fall 2013, beginning coverage in January 2014. The nonprofit group says it’s ceasing operations because of a lack of funding from the federal “risk corridor” program, which was built into the Affordable Care Act and intended to protect insurance companies from their losses. “As one of the carriers on the (health care) exchange, we stood to benefit by our calculations in excess of $30 million for those ‘risk corridor’ payments,” Tricia Schumann, chief marketing and communications officer for Arches, told KSL. “We did anticipate those cash payments coming in … this quarter.”

The point of the fund was to mitigate losses among insurance companies and co-ops that suffered large financial risk associated with the Affordable Care Act because of unprecedented enrollment for coverage.

However, federal officials announced Oct. 1 that only 12.6 percent of the expected windfall from that risk management fund would be awarded to insurance companies.

In other words, they — and Obamacare — never had a viable profit model (as predicted by conservatives even before the law was passed). Instead, they were depending on large federal government handouts, as mandated by Obamacare itself. The federal government however simply can’t afford to give out that much money, and thus, bankruptcy.

All the more reason to continue to vote Democrat! They cared, even though they hadn’t the slightest idea of what they were doing and thus pushed through a law that was incredibly stupid and damaging. That they cared however is all that matters.

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Ryan to support budget deal

9:57 am

The fix is in: House Speaker-to-be Paul Ryan (R-Wisconsin) announced today that he will support the two year budget deal worked out by the White House and Republican and Democratic leaders that locks in increased spending and raises the debt limit for the next two years.

I could also say that Ryan’s betrayal of the conservatives in Congress didn’t take long. He didn’t even wait until he was officially elected Speaker. And if you read his reasons for this decision at the link, you will see them for what they are, shallow talking points that mean nothing.

The only good thing about this is — and it isn’t much — is that it will likely provide Ted Cruz some nice ammunition during tonight’s Presidential debate.

That the Freedom Caucus in the House is pissed at the deal and will oppose it also suggests to me that we are getting closer and closer to a split in the Republican Party.

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Congressional leaders negotiating 2-year spending deal

10:48 am

The fix is in: The White House and Republican and Democratic Congressional leaders hope to complete a two year budget deal by tonight that will allow an increase in the debt limit.

White House budget director Shaun Donovan and legislative affairs director Katie Beirne Fallon are hammering out the package with staff representing Senate Majority Leader Mitch McConnell (R-Ky.), Speaker John Boehner (R-Ohio), Senate Democratic Leader Harry Reid (Nev.) and House Democratic Leader Nancy Pelosi (Calif.). House Ways and Means Chairman Paul Ryan (R-Wis.) is expected to be elected Speaker on Thursday, but he has not taken part in these budget negotiations, aides said. In recent weeks, Boehner has said he wants to “clean the barn up a little bit” before he leaves Congress at the end of the week.

Legislation to raise the debt ceiling and fund the government is central to the deal, but the talks are also said to include measures that would fund highway and infrastructure construction and renew the Export-Import Bank for one year.  

If you read the article with a clear mind, you will see that all the dealmaking is designed to increase spending. Moreover, it notes how Senate Republican leader Mitch McConnell (R-Kentucky) does not want to have the renewal of the Export-Import Bank on a stand-alone bill. Unstated is why, as he knows that on its own the Republican majorities in both Houses would shoot it down in a second.

When Senator Ted Cruz (R-Texas) refers to these guys as the “Washington cartel” he is exactly right. They have no interest in cutting the size of the federal government, and are doing whatever they can to maintain their steadily weakening grip on power. The good news is that their grip is weakening.

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Billions of Obamacare funds pocketed by Democrats

9:17 am

Finding out what’s in it (for Democrats): Billions of dollars of Obamacare funds have vanished, having been given to sixteen states — mostly Democratically-run — to build Obamacare marketplaces but never used as intended.

The controls on federal spending right now are nil. The money almost goes out randomly, without any scrutiny, funding the friends of the Washington politicians both in Washington and throughout the country. The Democrats might have benefited royally from Obamacare, but the Republican leadership gets its own payoffs with these funds, which is why they haven’t done much to cut spending, even though that was the promise they ran under.

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“There are kindergarten classes with more realistic assessments of cost-benefit tradeoffs than the crowd watching this debate at the Wynn Las Vegas.”

10:58 am

Link here. The headline, noting how the Democratic Party debate revealed it to be an openly socialist party, is hardly news. The Democrats have been radically communist since 2004, when the party thought Joe Lieberman was too much a moderate for their taste. Since then, their candidates and policies have all be very hardcore left, demanding everything be controlled and run by the government.

The sad thing has been that the voting public has either been blind to this, or actually has wanted it. I don’t know which is worse.

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Judge rules in favor of telescope protesters

9:30 pm

A Hawaiian judge has ruled that the state’s emergency order that had forbid camping on the mountain was invalid.

The state says that it will still prohibit anyone from blocking the road, but I don’t know how they will be able to do that if a large number of protesters camp on the mountain, ready to move and block any construction vehicles trying to get to the mountaintop.

I think it is time for the makers of the Thirty Meter Telescope to consider a move out of Hawaii. I believe they will never be able to get the telescope built as planned.

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Increase push to get Ryan to run for House Speaker

9:41 am

The push to nominate Paul Ryan (R-Wisconsin) to run for the House Speaker position has apparently accelerated.

In all this, Ryan appears uninterested in running. My guess as to why is that he right now has a far more conservative reputation than he deserves, and becoming Speaker would reveal his moderate tendencies to everyone. He does not want this. At the same time, Ryan is more conservative than John Boehner, and would be an improvement.

Update: A Washington Post story today says that Ryan is reconsidering his opposition to running for Speaker.

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How the Republican Party might break-up

12:06 pm

Devin Nunes (R-California), a establishment Republican supporting Kevin McCarthy (R-California) for House Speaker, said today that any Republicans who don’t vote for McCarthy should be kicked out of the party.

Nunes is talking about the final House-wide vote for Speaker. First the Republicans vote in private among themselves, picking their nominee. McCarthy is expected to easily win that vote. Then the entire House votes. Some conservatives are threatening to not vote for McCarthy in that House-wide vote in order to extract greater influence over the entire party. Nunes wants them ejected from the party if they do that.

I have also read another story, the link to which I can’t find now, where establishment Republicans want to codify what Nunes is saying, so that any Republican who voted against McCarthy in the final vote would be kicked out of the party. If this happens, then we might very well see the Republican Party split, something that I increasingly see as a possibility. Right now the party is trying to be too big a tent, including conservatives and many moderate Democrats who find the modern Democratic Party unacceptable. (This is one reason why the Republican presidential field is so large.)

Should the party split, we might also eventually see the withering away of the Democratic Party, which today is very corrupt and far too leftwing for most Americans. If the Republicans split into conservative and moderate wings, many of those disenchanted Democrats would move to the moderate Republican faction. The result would be to cut off the corrupt modern Democratic Party from the reins of power.

I am of course being hopeful and naively optimistic. A more likely scenario would be for the Republican Party to split in such a way that the unified Democrats, still corrupt, would take over.

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Government workers earn 78% more than private workers

5:29 pm

We’re here to help us! A new study has found that Federal employees earn 78% more than private sector workers.

The Cato Institute’s Chris Edwards compared data from the Bureau of Economic Analysis to show that, in his view, civilian federal workers are overcompensated. Factoring both salary and benefits, Edwards pointed to BEA data showing the average federal employee earns about $119,000 annually, compared to the private sector worker who earns $67,000 per year. When comparing just salaries, feds collect 50 percent bigger paychecks, Edwards said.

The wage gap between the federal and private sectors has grown since the 1990s, Cato’s director of tax policy studies found. The divide has doubled since 1990, when it was just 39 percent. The growth, he said, came from not just raising pay levels and offering more generous benefits, but also a more “top-heavy” bureaucracy that routinely moves employees into higher salary brackets and redefines jobs as higher earning positions. “The federal government has become an elite island of secure and high-paid employment, separated from the ocean of average Americans competing in the economy,” Edwards wrote in his findings.

I wonder, do you think we are getting our money’s worth?

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School officials ashamed of the U.S.

9:04 am

Insane: High school administrators Wyoming canceled the annual “America Pride Day” celebration because they thought it would offend some students.

Jackson Hole High activities director (and assistant principal) Mike Hansen said he favored canceling “America Pride Day” because some students may not feel American and, thus, could feel “targeted and singled out by this day.” “Maybe they moved here last week. Maybe they moved here last month,” Hansen told the News&Guide, referencing the students who enjoy free education and much else in the shadow of a world-class ski resort. “We’re trying to balance many different things here,” the activities director added. “We’re trying to be inclusive and safe, make everyone feel welcome.”

What makes this story even more interesting is that the student body revolted against the decision.

In response to a decision by school officials to replace a previously-held “America Pride Day” with “College Day” as part of this year’s homecoming festivities, a large group of senior students and some juniors protested by bedecking themselves with American flag capes, American flag headbands, American flag shorts and all manner of beautifully and garishly patriotic American flag ornamentation. After school, one kid also drove a diesel truck around the parking lot with a bunch of American flags waving in the breeze.

The goal of school administrators is to make new immigrants feel welcome in America, not to be ashamed of their country. There is a reason immigrants are here, and it is too enjoy the blessings of freedom. To be embarrassed by this suggests that these school officials should find another job.

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Government overpayments going up by billions

8:44 am

Government marches on! A GAO report has found that since 2003 the federal government has wasted almost a trillion dollars in improper overpayments, with the numbers increasing by 20% in 2014.

The GAO said three programs were most at fault: Medicare, Medicaid and the Earned Income Tax Credit (EITC). These three government programs were responsible for a full three-quarters of the nearly $19 billion in erroneous payments the federal government made in fiscal 2014, the GAO said. “Improper payments remain a significant and pervasive government-wide issue,” the congressional watchdog unit warned.

The Earned Income Tax Credit program was the worst offender. The Internal Revenue Service estimated that the program erroneously handed out $17.7 billion worth of “improper” payments. That amounts to a whopping 27.2 percent of the total $65.2 billion in EITC refund checks that the IRS sent out in fiscal 2014. And that means the federal government is now fast approaching the day when one out of every three earned income tax credits is erroneous.

Medicare was nearly as bad. The program, which covers about 54 million elderly and disabled beneficiaries, incorrectly doled out $59.9 billion in fiscal 2014, which is about a tenth of its $603 billion budget. So, one out of every $10 that Medicare spent last year was erroneous, the GAO found. Medicaid made $17.5 billion in mistaken payments out of its $304 billion budget, for a nearly 6 percent error rate.

It is obvious that the solution to this government problem is to give the government more power and money. How else can they reduce this waste but by spending more money!

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The Tiny Dot

1:37 pm

A daytime pause: Apropos of last night’s Republican debate, this very funny short video I think explains the absurd situation in which the American people find themselves, and asks the right questions that might actually force people to do something about it.

The video ends with a plug of a book by the videographer, which might be great. I think the solution is for more Americans to actually read some history, including the Constitution, the Declaration of Independence, the Federalist Papers, and even Alexis de Tocqueville’s Democracy in America. To call these documents rightwing extremism is not an exaggeration, but by following them for 200 years the U.S. became the wealthest nation ever in the history of the human race, all because it put its faith in ordinary people instead of the elite powers that want to dictate terms to everyone else.

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More rumors swirl about replacing Boehner as House Speaker

4:09 pm

Link here. The story discusses in detail some of the negotiations that appear to be going in the background within the Republican caucus, all focused on the possibility that Speaker John Boehner could be driven out sometime this fall. It also indicates that the more conservative wing of the Republican Party is pushing the issue, and no matter what happens, is likely to have greater influence in the coming months.

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The day we forgot

11:28 am

On this anniversary of 9/11, one reporter notes how much we have forgotten about that day, and what it demanded we do afterward.

Fourteen years later, it is astonishing the degree to which these and other lessons of that day have been forgotten, rendered moot, or cast aside.

Shocking as it seems, America didn’t learn much at all from 9/11. It was not a particular moment of cultural or political change in American society. No generally held assumptions were overturned. No historical watershed was reached. It yielded no great art or literature. The monuments to the dead are for the most part defeatist, not expressions of resolve. What was baked into America’s future on the 10th of September, 2001 was still there on the 12th of September, 2001. The nation did not change.

I disagree with him strongly on one point. The nation did change, but for the worse. Instead of aggressively committing ourselves, all of us, to an effort to eliminate the evil in the Middle East that allowed 9/11 and many other horrible violent attacks to occur, we instead attacked ourselves, limiting our freedom by allowing the government to pry into our private communications, perform offensive strip-searches of us at airports, and impose restrictive security measures on our lives.

The result is that 14 years later, our political leadership now bows down and surrenders to Iran, agreeing to give them billions while allowing them the ability to develop nuclear weapons. This leadership is so terrified that any opposition to Islam might cause offense, they are thus willing to crap on the dead bodies of Americans who were killed by these vile fanatics.

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Mitch McConnell makes a fool of himself

9:57 am

The leader of Republican failure, Senate leader Mitch McConnell (R-Kentucky), today had the nerve to say that Congress’s inability to block Obama’s Iran deal was still a victory because they “won the argument with the American people.”

He really does think Americans are stupid. Under the leadership of McConnell and House Speaker John Boehner (R-Ohio), Congress two months ago wrote and passed the Corker-Cardin bill to allow the Iran deal to be passed with only a one-third minority approval from both houses of Congress, instead of the constitutionally required two-thirds majority in the Senate. In other words, this corrupt Republican leadership stacked the deck in favor of Obama and the deal in order to make it easy to pass.

He now has the chutzpah to call this a victory because the debate about the bill caused the American people to oppose it!? The American people always opposed this deal, or any deal that would funnel billions of dollars to this terrorist regime and allow them to build nuclear weapons. What he and Boehner needed to do was to oppose this deal unequivocally, using the power the constitution gave them to block it. Instead, they manipulated the vote to get it passed, and then make believe they opposed it all along.

And McConnell said this on September 11th of all days!

These guys have got to go. They do not represent the Republican Party, or the conservative movement. Instead, they are quislings and fifth columnists, working to sabotage the will of the American public, which voted overwhelmingly for Republicans and a conservative agenda in the last election.

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Republican revolt over Iran deal vote

9:46 am

The House Republican leadership is facing a revolt from its membership of their plan to vote on the Iran deal.

Speaker John Boehner and other GOP leaders got an earful Wednesday morning from lawmakers who say President Barack Obama has not disclosed so-called “side deals” between the International Atomic Energy Agency and Iran, and therefore is crosswise with the law that gives Congress review power over the accord.

GOP leaders are likely to change their approach Wednesday, and are now considering a vote on Rep. Peter Roskam’s (R-Ill.) resolution that would delay a disapproval vote because they believe Obama has not disclosed some elements of the deal.

The article correctly notes that, because of the Corker-Cardin bill pushed through several months ago by this same Republican leadership, it is almost impossible to block the Iran deal and that this revolt will likely change nothing. However, it also notes that Roskam was once part of that same Republican leadership and was pushed out last year. His actions here suggest to me that he might be maneuvering to position himself as a likely Boehner replacement.

More details here. The story above is from a Democratic-leaning news source. This second link is from a conservative site. This story also notes that the Republican leadership is actually so stupid they are planning the vote on the Iran deal on take place on September 11. I wonder what happened that day 14 years ago?

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School lunch program collapsing under Obama

7:32 am

Doing the job the Republicans in Congress are too cowardly to do: The more costly and less appealing foods imposed by the Obama administration on the school lunch program in order to promote better eating have been rejected by so many students that the entire program faces bankruptcy

President and first lady Michelle Obama’s bid to cut kid obesity through new demands for more costly but healthier food is financially crushing the nation’s school cafeterias, forcing staff cuts, boosting waste and killing plans to buy new equipment, according to an industry association.

A new survey from the School Nutrition Association reported that 70 percent of the nation’s lunch programs have been financially “harmed” by the new low-salt, low-sugar menus and that a stunning 93 percent report fewer students buying the chow. “Meeting these mandates has harmed the financial health of nearly 70 percent of school meal programs surveyed, with fewer than 3 percent reporting a financial benefit,” said the survey. Some 49 percent of the responding schools said they were forced to cut cafeteria staff as a result.

Not surprisingly, the school cafeteria industry is calling for greater funding to solve the problem. I’d rather see the entire program revamped and trimmed significantly. There is no reason for the government to provide lunches for most of the nation’s children. The program was originally created to feed only the poorest. As with most government programs, it has since grown way beyond that original goal, to a point that is absurd and wasteful.

Posted in the Tucson airport.

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Iran deal gets enough Democratic votes to pass

10:22 am

Democrats now have enough votes to sustain a veto and thus allow President Obama’s Iran deal to go into effect.

Ed Morrissey says it best:

What’d the GOP get out of all this? What did their huge advantage in the House and their eight-seat majority in the Senate ultimately amount to in terms of concessions? It’s one thing to lose a momentous fight on foreign policy, ceding all of your constitutional leverage in the process, but if you can get some goodies for your side at least you can say it’s not a total loss. Unless I missed something, we got … nothing. Not a thing — not even, in all likelihood, the right to crow and say that our resolution of disapproval passed the Senate with plenty of Democratic support. This fiasco will end with an essentially party-line vote on cloture, leaving Obama free to argue to the world that the deal has the acquiescence of the U.S. Congress. The only thing we get from this is the right to point out later, when this agreement eventually ends with Iran going nuclear and the Middle East being further destabilized, that this disaster is owned lock, stock, and barrel by the Democratic Party. That’s a nice consolation prize, but we’ve known since the beginning that we’d be getting that. What we’ve added to our “winnings” since this congressional kabuki began is precisely nothing.

The reason the Republicans failed here is that the leadership, led by Bob Corker (R-Tennessee), wrote and passed a bill that allowed this treaty to pass without even a majority of Congress. In other words, before they even saw the treaty they agreed to it. And once they saw the treaty they made loud noises, including Corker, about how bad it was, but they themselves had already made it impossible for them to block it.

It is time for these Republican leaders to be fired. It isn’t just Democrats who have betrayed the American people and our friends in the Middle East with this deal, it is this Republican leadership that has decided to help Obama and the Democrats get everything they want. And in turn, this has given the Iranians — still eager to instigate terrorism attacks and war against the U.S. and Israel — everything they want as well.

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New EU tax law puts thousands out of business

11:42 am

We’re here to help you! A major revision to the VAT tax in the European Union tax has caused the shutdown of thousands of businesses because they cannot afford to meet the complex rules and bureaucracy required.

Designed to prevent large businesses locating themselves in VAT-competitive territories, it had the predictable effect of drowning small businesses under a sea of bureaucracy, forcing them to access the data required to prove the customer’s location, figure out which of more than 80 VAT rates to apply, and issue an invoice in the correct language, currency and layout. Unable to afford the costly software required to deal with the regulation, thousands of small business and sole traders have closed or abandoned their enterprises. Most of those who have continued to trade have either moved to third party platforms, losing up to 70 percent of their total revenue (not just non-domestic sales) in commission, or spent thousands on software.

“The human cost to these businesses is vast”, Clare Josa is co-founder of EU VAT Action commented for EU Observer. “The only reason the Digital Single Market is still functioning is because awareness levels are below 5 percent, so most businesses are continuing to trade under the former system. As awareness rises, the damage will soar.”

Read the whole article. The quote above only gives a small taste of the problem caused entirely by government bureaucrats and elected officials who seem divorced from reality. And though this is a European governmental disaster, it is instructive for Americans to learn about it. Like Obamacare, the new VAT tax rules were imposed with the best of intentions, but completely ignored the reality of meeting those intentions. The result is financial ruin for thousands of businesses and individuals.

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The terrible political consequences of Iran deal to the Democratic Party

9:55 am

Several stories in the news today outline for me the terrible political consequences faced by the Democratic Party by their support for the nuclear deal with Iran:

This quote from the middle article however highlights how bad the consequences for the Democrats will be:

if Obama is left with a deal that is opposed by a majority of either the Senate or the House, the Democrats will be stuck with it. They will then be on the defensive with every hostile move Iran makes with the $150 billion the mullahs are going to get.

Like Obamacare, only Democrats are going to support this Iran deal. They will own it entirely. Thus, the first time Iran does something to violate the treaty or to use the $50 billion or more of cash they will get for signing the deal to promote terrorist attacks, it will be Democrats and only Democrats who will share the blame.

Yet, like Obamacare, the Democratic Party seems oblivious to these political risks. Come hell or high water, they are, as described in the first story, working as hard as they can to get the votes to sustain an Obama veto and make this deal law.

As much as I want these Democrats kicked out of office, I think having the Iran deal approved will be worse for the nation and the world. It will immediately dump billions of dollars into the hands of Iran’s radical terrorist leaders, surely resulting in more violence against many innocents across the globe. And it will announce to the world our willingness to allow Iran to develop nuclear weapons, which will almost certainly instigate a nuclear arms race in the Middle East and probably prompt Israel to attack Iran, possibly with its own nuclear weapons.

None of this is good. Better that the Democrats should save themselves the political cost and oppose this horrible deal.

Unfortunately, I am not hopeful. The track record of today’s Democratic Party is that of a group of people willing to put ideology ahead of everything, even if it means they will lose elections like crazy afterward. I see nothing to make me think they will do different here.

Our only option afterward then will be to throw them out of office. I pray that come 2016, the election results will make the Republican landslides of 2010 and 2014 look like mild rebukes in comparison.

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Boeing lobbies for renewal of the Export-Import Bank

9:37 am

Boeing on Monday told its satellite workers that it will eventually lay off hundreds because of lost contracts due to the failure of Congress to renew the Export-Import Bank.

Boeing Co (BA.N) on Monday told its workers that it expected to cut as many as “several hundred” jobs in its satellite business through the end of 2015 due to a downturn in U.S. military spending and delays in commercial satellite orders. Multiple commercial orders were being delayed by recent failures of launch vehicles and uncertainties about the future availability of financing from the U.S. Export-Import Bank, whose government charter lapsed on June 30, the company told key managers in an internal communication.

Boeing spokesman Tim Neale confirmed the reductions and said the total number of people affected would be finalized in coming months. Some could find work in other parts of Boeing, he said. [emphasis mine]

This announcement is pure lobbying, no more. They might have to lay off workers, but they haven’t done it yet, and when they do the numbers are likely to be far less than they are implying. And even so, the layoffs will probably be good for the company, making it more lean and efficient.

The reason they have made this public now is to generate support for a renewal of the Export-Import Bank, which Congress allowed to expire last month. Boeing wants it back, because the company uses the low interest loans it provides (using government money) to get contracts abroad. However, they really don’t need it to do that. They could trim costs, work more efficiently, and get loans in the private sector, as every other private company is expected to do.

This announcement is really no different than the doom that was predicted prior to the arrival of sequestration. Those budget cuts were going to cause the destruction of the defense industry and the American military, while causing the airline industry to collapse because the TSA and the FAA wouldn’t have the staff to keep the planes in the air. Twas all a lie. Nothing happened, and by some miracle the government still had plenty of cash to keep things running smoothly. Similarly, Boeing can compete without the help of the government. They just have to stop whining and do it.

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Eight telescope protesters arrested on road to summit of Haleakala on Maui

9:16 am

Police arrested 8 protesters on Thursday attempting to block trucks delivering construction materials for the new Daniel K. Inouye Solar Telescope (DKIST) under construction since 2012 on the summit of Haleakala on the island of Maui in Hawaii.

One of those arrested has been a leader of the protests at Mauna Kea against the Thirty Meter Telescope.

The Hawaii state government continues to waffle on what it is going to do. Either they will make sure that construction of these telescopes can proceed, as per the agreements made after years of negotiation, or they are going to bow to a handful of protesters. Right now it appears that it can’t seem to make up its mind.

Meanwhile, if these protesters really have the support of a majority of Hawaiians, then astronomy in Hawaii is doomed.

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Republican leaders find support for Boehner’s speakership very weak in House

10:57 pm

Whoa! The Republican leadership tried prior to the August recess to squelch an effort to oust Speaker John Boehner and discovered they did not have the votes.

House Speaker Rep. John Boehner (R-OH) had been planning to call up on the House floor last week a measure from Rep. Mark Meadows (R-NC) that would have removed him as Speaker of the House if it succeeded—intending to embarrass Meadows—but abandoned the plan after his entire leadership structure learned that they did not have the votes to re-elect him as Speaker before the August recess.

Though a lot of the information in the article is about complicated House rules issues, what some call “inside baseball” and quite boring, it is very much worth reading because it indicates strongly that John Boehner’s position as Speaker is very exposed. He could very well be ousted when Congress reconvenes in September.

There are 25 members who voted for a Republican alternative at the beginning of this Congress, and now there are plenty more who are disaffected with the tactics of Boehner and his allies in leadership. More members, those who want to replace Boehner suspect, will, over the course of the month of August, come out publicly against Boehner at town hall events and in interviews with media. Unless Democrats bail Boehner out in September or October, if and when such a vote for the speakership would occur, by that point there would be enough members opposed to Boehner’s re-election for him to lose his position.

Even if Boehner survives, the dynamics here suggest that the conservatives have the stronger hand, and are going to try to force him to cater to their desires — something he has not been interested in doing — or face removal.

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Obamacare co-ops losing money

9:26 am

Finding out what’s in it: 22 of the 23 nonprofit co-ops created under Obamacare to replace for-profit insurance companies lost money, with the majority failing badly to sign up customers.

Under President Barack Obama’s overhaul, taxpayers provided $2.4 billion in loans to get the co-ops going, but only one out of 23 — the one in Maine — made money last year, said the report out Thursday. Another one, the Iowa/Nebraska co-op, was shut down by regulators over financial concerns. The audit by the Health and Human Services inspector general’s office also found that 13 of the 23 lagged far behind their 2014 enrollment projections.

The probe raised concerns about whether federal loans will be repaid, and recommended closer supervision by the administration as well as clear standards for recalling loans if a co-op is no longer viable. Just last week, the Louisiana Health Cooperative announced it would cease offering coverage next year, saying it’s “not growing enough to maintain a healthy future.” About 16,000 people are covered by that co-op.

In other words, the $2.4 billion was really a pay-off to friends of the Democratic Party, taken from the taxpayers and handed over to that party’s supporters. The Obama administration will never demand that money back, nor do I expect it to increase its oversight of these co-ops.

Read the whole article. It illustrates once again how terrible a law Obamacare is, and how it must be repealed — in full — if the American economy is ever going to have a hope of recovering from the slump it has been in since 2007.

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Cruz calls McConnell a liar in the Senate

9:47 am

Most interesting: Senator Ted Cruz (R-Texas) today called Senate Leader Mitch McConnell (R-Kentucky) a liar in a speech on the Senate floor.

“We had a Senate Republican lunch where I stood up and I asked the majority leader very directly, what was the deal that was just cut on [trade legislation], and was there a deal for the Export-Import Bank? It was a direct question. I asked the majority leader in front of all the Republican senators. The majority leader was visibly angry with me that I would ask such a question, and the majority leader looked at me and said, “There is no deal, there is no deal, there is no deal.”

“Like Saint Peter, he repeated it three times,” Cruz added.

[Cruz also said,] “What we just saw today was an absolute demonstration that not only what he told every Republican senator, but what he told the press over and over and over again, was a simple lie,” Cruz said Friday morning. “We know now that when the majority leader looks us in the eyes and makes an explicit commitment, that he is willing to say things that he knows are false. That has consequences for how this body operates.”

I have embedded video of this speech below the fold.

The increasing public anger expressed by Cruz here against the Republican leadership is a sign of a growing power struggle within that party. About 20% to 30% of the Republican Party feels more loyalty to the Democrats and the Washington power structure than they do to the conservative voters that have supported that party. Unfortunately, it appears that this small minority in the Republican party is presently in charge.

Should the conservative majority ever unify to dump their liberal leadership, there is the risk that many of these Republican leaders will then abandon the party and join the Democrats. The Democrats will then likely regain control of Congress, but if so, they will at least be then fighting an opponent that is unified in support of conservative principles, rather than a party run by two-faced leaders who campaign as conservatives and, having won their elections, immediately team up with the Democrats to block any conservative reform.

It is also possible that these fake conservatives, once kicked out of the leadership, will meekly join the conservative majority, knowing that to join the Democrats will likely get most of them tossed from office at the next election.

Either way, the heavens are beginning to align in favor of a major power shift within the Republican Party. Stay tuned.
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Iran’s parliament questioning Iran nuclear deal

11:24 am

Democracy in action! Iran’s parliament is likely to demand changes to Iran deal before voting for its approval.

The ironies here are tragic. While their parliament stands up for its constitutional rights, our Congress, run by Republicans, has ceded its power to the President, with the Senate giving up its constitutional right to only approve treaties with a two-third majority. Instead, they got down on their knees and handed Obama the power to make this very bad treaty without their full consent. What idiots.

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