Skip to content
  • The Bidencession, quarter number three

    July 28, 2022
    US business, US politics

    Tim Nerenz:

    And there it is: the economy contracted again in the second quarter, by -0.9%, nearly twice the shrink expected by “the consensus”. Recession confirmed.

    They tried their darndest, with “adjustments” from the July 19 Atlanta Fed forecast of -1.6%; but there is only so much lipstick that can put on a pig.

    Q1 was first printed at -1.1% and later (quietly) revised to -1.6% and is more likely than not this will happen again as investment analysts digest and tear into the gory details of the adjustments; time will tell.

    There is an old maxim that a recession is a depression if you lost your job or your business or can’t make rent, and GDP is the aggregation of billions of individual exchange contributions with winners and losers both numbered in tens of millions – your mileage will certainly vary.

    Nothing will change until someone changes it and it not clear who that someone might be since the folks who could change it simply deny the recession is real – this year’s Big Lie.

    An increase in interest rates depresses growth and the Fed just increased them 75 basis points with another 50 expected in September.

    And it appears that Manchin and Schumer have struck a trillion dollar spending deal cynically called the Inflation Reduction Act after weeks of tense negotiations over what to call it.

    And so it goes…

    Meanwhile, inflation in June reached 9.1 percent, thanks in large part to gas prices being $2 or more per gallon more than they were before Biden’s reign of error began (graphic from the Wall Street Journal):

    The most accurate unemployment number, the U6 (unemployed plus those not working as much as they want to) at the end of June was 7 percent. The Presteblog Misery Index (inflation + U6 unemployment minus economic growth) is now at 17, a ;evel that ended Gerald Ford’s political career. It should end Biden’s career, especially since it will get worse.

     

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on The Bidencession, quarter number three
  • Bidenspeak

    July 28, 2022
    US politics

    Aaron Kliegman:

    As inflation continues to eat away at household budgets and fears of a major economic downturn continue to mount, the Biden administration is attempting to redefine the term “recession” in an apparent public relations push to mitigate backlash for the current state of the economy.

    This effort to obscure what has long been a simple, specific, and uncontroversial definition is part of an ongoing pattern of President Biden and his team redefining and weaponizing specific terms to further their political agenda and stigmatize forms of dissent they deem threatening.

    Here are six terms the administration has sought to redefine:

    1. Recession

    For decades, experts have defined a recession as two straight quarters of negative economic growth, meaning a decline in gross domestic product.

    This definition has become especially relevant with the latest GDP numbers for the second quarter of this year due to be released on Thursday, following the release of official figures in April showing the economy shrank 1.6% in the first quarter.

    If Thursday’s numbers show the economy contracted in the second quarter, confirming a decline in economic activity over a six-month period, January through June, the U.S. would, according to the generally accepted definition, be in a recession.

    In recent days, however, several Biden administration officials have attempted to obscure the definition of a recession to argue the U.S. isn’t facing a recession, regardless of what the second quarter figures show, by.

    Jared Bernstein, a member of the White House Council of Economic Advisers, for example, said on CNN it’s up to the National Bureau of Economic Research — a nonprofit group of economists — to determine whether the U.S. is in a recession, adding the bureau does so “in hindsight because data comes in with a bit of a lag.”

    Such a process could take up to a year, according to observers.

    Bernstein pointed to a blog post on the White House website claiming that “official determinations of recessions and economists’ assessment of economic activity are based on a holistic look at the data” factoring in a wide array of variables beyond negative growth rates.

    However, the Republican National Committee flagged a clip of Bernstein in 2019 defining a recession as GDP simply “crossing zero.”

    Treasury Secretary Janet Yellen echoed Bernstein’s points over the weekend, adding that she would be “amazed” if the National Bureau of Economic Research declares a recession in the near future.

    “This is not an economy that’s in recession, but we’re in a period of transition in which growth is slowing,” said Yellen.

    White House Press Secretary Karine Jean-Pierre went even further on Monday, saying that “economic indicators … do not show that we are in a recession or even a pre-recession.”

    President Biden himself similarly insisted the U.S. is “not going to be in a recession.”

    Meanwhile, former Treasury Secretary Larry Summers has been warning “there’s a very high likelihood of recession,” dismissing the Biden administration’s comments as “a kind of triumph of hope over experience.”

    2. Disinformation

    One of the more controversial terms the Biden administration has seemed to contort for political purposes is “disinformation,” using the term to target views with which the administration disagrees — especially concerning COVID-19 and the 2020 election.

    In April, the Department of Homeland Security announced the formation of the Disinformation Governance Board to monitor and combat speech it deems “disinformation.”

    Secretary of Homeland Security Alejandro Mayorkas defended the initiative as important in tackling the “threat” of disinformation, especially when it targets migrants or comes from the Russian government.

    However, critics lambasted the board as an Orwellian “Ministry of Truth” established to silence people with certain political views. Such criticism led DHS to “pause” the DGB amid widespread outcry.

    Whistleblower documents released last month by Republican Sens. Josh Hawley (Mo.) and Chuck Grassley (Iowa) appeared to confirm such concerns. One internal memo showed DHS officials writing that disinformation threatens homeland security, especially “conspiracy theories about the validity and security of elections” and “disinformation related to the origins and effects of COVID-19 vaccines or the efficacy of masks.”

    The documents obtained by Hawley and Grassley also showed an effort by DHS to recruit Twitter and other Big Tech firms to aid in its mission to stamp out “disinformation.”

    In February, DHS put out a “National Terrorism Advisory Bulletin” discussing how “conspiracy theories,” “misleading narratives,” and “and other forms of mis- dis- and mal-information” can fuel foreign and domestic terrorism. It cited “false or misleading narratives regarding unsubstantiated widespread election fraud and COVID-19” online as “key factors contributing to the current heightened threat environment.”

    3. Domestic terrorist

    The administration appeared to redefine what a domestic terrorist is last year, when the National School Boards Association sent a letter to Biden asking his administration to investigate threats against public school officials. In the letter, the NSBA specifically referred to parents who protested the teaching of critical race theory in the classroom, suggesting such actions should be classified as “domestic terrorism.”

    The NSBA requested that the Justice and Homeland Security departments probe and prosecute these “crimes” under “the Patriot Act in regards to domestic terrorism.”

    Less than a week later, Attorney General Merrick Garland sent out a memo warning that the Justice Department is “committed to using its authority and resources to discourage” the “threats” described by the NSBA, “identify them when they occur, and prosecute them when appropriate.”

    The memo directed the FBI to work with each U.S. Attorney to convene meetings nationwide to discuss strategies for addressing these threats. Garland also mentioned his intent to “launch a series of additional efforts in the coming days” which, according to the Justice Department, would “determine how federal enforcement tools can be used to prosecute these crimes.”

    The NSBA later apologized for the letter after receiving backlash for comparing parent protests to domestic terrorism. However, subsequent reports indicated coordination between the NSBA and the Biden administration on the former’s letter and Garland’s subsequent memo.

    “Terrorism is defined as the unlawful use of violence and intimidation, especially against civilians, in the pursuit of political aims,” Robyn Gritz, a retired FBI special agent who worked in counterterrorism for years, previously told Just the News.

    The FBI defines domestic terrorism specifically as “violent, criminal acts committed by individuals and/or groups to further ideological goals stemming from domestic influences, such as those of a political, religious, social, racial, or environmental nature.”

    It’s unclear how the administration thinks protesting vaccine mandates or the teaching of critical race theory could meet this definition.

    4. Insurrectionist

    In the aftermath of the Jan. 6 Capitol riot, the Biden administration has redefined the term “insurrectionist.”

    In total, more than 750 people have been imprisoned for Jan. 6-related crimes without a trial.

    Several of them have said the FBI, Justice Department, and federal prison officials under the Biden administration violated their civil and constitutional rights. The vast majority weren’t accused of carrying a weapon, assaulting law enforcement, or destroying property — let alone trying to “overthrow our government.” Many didn’t even enter the Capitol building.

    Yet Biden, fellow Democrats, some Republicans, and federal prosecutors have labeled those who were involved in the Capitol riot, support the Jan. 6 prisoners, or question the results of the 2020 presidential election as insurrectionists.

    The FBI was unable to find evidence that the Jan. 6 riot was a coordinated insurrection, despite months of investigating the matter.

    Nonetheless, in recent months, Democrats have launched a campaign to label and disqualify Republicans who supported efforts to question the 2020 presidential election results as insurrectionists who tried to subvert American democracy.

    5. Voter suppression

    Following the controversy of the 2020 election, Republicans in some states such as Georgia have pushed a series of election reforms with the stated purpose of combating voter fraud and protecting election integrity

    These measures include requiring voters to provide identification to receive an absentee ballot and prohibiting ballot harvesting, a tactic, outlawed in most states, in which third-party activists gather and deliver voters’ ballots.

    Biden has consistently described these efforts as “voter suppression” meant to make it harder for people, especially minorities, to cast their ballots. Biden has even called such efforts “Jim Crow 2.0,” a reference to the laws that enforced racial segregation in the South.

    Since entering office, Biden and some of his most prominent supporters have invoked the specter of “voter suppression,” framed as an existential threat to democracy posed by their political opponents, to justify a host of ambitious policies.

    The Democrats’ election overhaul agenda includes proposals such as implementing universal mail-in voting and weakening voter ID requirements. Supporters say the legislation is meant to expand access to voting. Critics counter the bills create more opportunities for fraud and would federalize election rules, forcing states to implement mandates from Congress.

    The Constitution primarily gives state legislatures, not the federal government, the power to determine and enforce their own election procedures.

    Illegal alien

    Last year, the Biden administration ended use of the phrase “illegal alien” to describe migrants who entered the country illegally, although “alien” has long been common in U.S. law. The administration ordered immigration enforcement authorities to use the term “non-citizen” instead.

    Those supportive of the change described the new language as “inclusive” and less “dehumanizing.” Critics countered the new term would have the effect of normalizing illegal immigration.

    Since Biden entered office, the U.S. has experienced a historically high surge in illegal border crossings from Mexico.

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Bidenspeak
  • Presty the DJ for July 28

    July 28, 2022
    Music

    We begin with our National Anthem, which officially became our National Anthem today in 1931:

    (more…)

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Presty the DJ for July 28
  • Presty the DJ for July 27

    July 27, 2022
    Music

    Today in 1977, John Lennon did not get instant karma, but he did get a green card to become a permanent resident, five years after the federal government (that is, Richard Nixon) sought to deport him. So can you imagine who played mind games on whom?

    (more…)

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Presty the DJ for July 27
  • When life imitates art

    July 26, 2022
    media, US politics

    Michael Smith:

    Director Christopher Nolan used Christian Bale to take a three-movie tour of the darker side of The Batman. Bale’s moody, tortured, and introspective Bruce Wayne gave the world a look into the grittier side of Gotham and its nasty criminal underbelly.

    Batman Begins (2005), The Dark Knight (2008) and The Dark Knight Rises (2012) gave rise to a story arc that left any hint of Adam West’s comedic Batman and his criminally comedic opponents behind, and in doing so, returned Batman to his origins.

    If you feel as though you are watching an episode of Nolan’s Batman every time the news reports lax enforcement of the laws in the deep blue cities, you aren’t wrong.

    There currently is no Bruce Wayne or Batman, but there certainly are a rogue’s gallery of crime bosses, evil businesspeople and assorted corrupt politicians, elected officials, and bureaucrats.

    The news from San Francisco, LA, Philadelphia, New York, St. Louis, and Minneapolis seems to indicate each of those cities are racing each other to become America’s Gotham City, just this time without the heroes who almost inevitably try to save them from themselves.

    These Soros backed DAs are more Heath Ledger’s Joker than they are Harvey Dent (former DA turned crime boss). Where Dent was more focused on enriching himself through his crimes, Ledger’s Joker was a malevolent, malignant, deeply scarred character more intent on punishing the Batman and the people of Gotham City than profiting from his criminal enterprise.

    People like Chesa Boudin (thankfully recalled), George Gascon, Larry Krasner, Alvin Bragg, Kim Foxx, and other leftist District Attorneys are using arbitrary, capricious, and frankly, race focused, application of the law to punish people they believe have wrong them and society in some way. You might want to add Nancy Pelosi, who is beginning to look like the Joker more every day, and the hapless puppet, Merrick “The Penguin” Garland, to that list – they are most certainly easy on the members of their criminal gang as they deal quite harshly with those who have not joined them in their crime spree.

    Many of the people on the dark side of our contemporary Gotham Cities allegedly ascribe to the premise that crime doesn’t imply a need for law enforcement and a justice system, that rather it is the opposite, it is created by law enforcement and the justice system to keep the poor and racial minorities down, their real purpose is to use those criminals to punish a populace those officials viscerally hate.

    Their ruse is that of “criminal justice reform” but this evil cabal of corrupt officials uses lax enforcement of the law to create a frontal offensive on the law abiding. The real objective of their policies is to set criminals free to continue to commit crimes, and in turn, continue to punish the society these people believe is fatally flawed, weak, and just wrong. Society deserves to be punished, especially those typically Republican white suburbanites whose successes have obviously come at the expense of those committing crimes.

    Those suburbanites are the people who deserve to feel a little of the fear, loss and oppression that causes criminals to become criminals. They need to be served a little mental anguish to teach them a lesson about what things will be like until people begin to see the light and sign on to their leftist brand of sociopolitical policies.

    Biden is the current head of a national criminal enterprise.

    Albeit more of a 60’s Caesar Romero character than the darker Heath Ledger or Joaquin Phoenix versions, Biden plays a national level Master Joker to America’s Gotham. There is little doubt he has used the power of his various political offices to enrich himself (he has never had a real job in the private sector, just like about 60% of those making policy), but almost comedically, he finds himself at the head of an organization that is a strange mix of pretty much all the organized groups opposing Batman’s crusade to rid Gotham of crime.

    The Democrat Party embodies elements of the Circus of Strange (a criminal syndicate which operates out of a travelling circus) and the Court of Owls (a centuries old aristocratic secret society which wielding immense power and influence over the affairs of Gotham City).

    In Nolan’s 2012 Dark Knight Rises, Batman returns after taking the fall for Harvey Dent’s crimes to fight Bane’s terrorism. Bane’s professions to the people (rich are the enemy, total democracy) are akin to the professions of the American left and end, predictably, in the very same chaos and dystopia the left’s policies always do.

    Batman does save Gotham, but while saving Gotham from an immediate threat, he doesn’t really “save” the city. He serves as the inspiration for a popular uprising of the people who retake their city.

    But don’t turn that dial.

    The Democrats will always be the party of The Joker.

    But you can feel a stirring, a movement rising in opposition to Biden, Pelosi and their minions in the blue cities and states. There is a lot of Nolan’s Batman story line in the presidency of Donald Trump. Either 2024 becomes a Dark Knight Rises version of our American story or perhaps a new Dark Knight (DeSantis) tugs on the mask and cape or a new Catwoman (Kristi Noem) squeezes into the black bodysuit and takes over.

    In any case, brighter days are ahead for Gotham.

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on When life imitates art
  • Presty the DJ for July 26

    July 26, 2022
    Music

    Today in 1965, the Rolling Stones were to release “Beggar’s Banquet,” except that the record label decided that the original cover …

    … was inappropriate, and substituted …

    … angering one member of the band on his birthday.

    The number one single …

    … and album today in 1975:

    (more…)

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Presty the DJ for July 26
  • The next Biden lie Thursday

    July 25, 2022
    US politics

    Jim Geraghty:

    Politico’s Ben White characterizes this week as a “Category 5 economic storm,” but I think the dominant theme will be, “It’s not a recession, we swear!”

    As much as economy-watchers will be studying the Consumer Confidence Index numbers on Tuesday and the Federal Reserve meeting and decision on interest rates Wednesday, the biggest deal will be the numbers for second-quarter economic growth, announced at 8:30 a.m. Eastern Thursday morning. We don’t know what the second-quarter economic numbers are going to be, but they’re probably not going to be good. The Atlanta Fed thinks it will show that the U.S. GDP shrank 1.6 percent in the last quarter. The previous quarter was a decline of 1.6 percent as well — so if the Atlanta Fed projection is correct, Thursday will bring news that the U.S. is now in a recession, at least by the traditional definition. (Even if it doesn’t, and it shows GDP growth at 0.0 or slightly higher, the U.S. is still in lousy near-recessionary conditions.)

    Biden and his team will argue that, despite the numbers, the U.S. isn’t really in a recession. In fact, White writes that if Republicans declare we’re in recession, “It will not be true. At least not yet. But President Joe Biden and Democratic candidates across the country will face a daunting and possibly impossible challenge explaining to people why it’s not true.”

    On Meet the Press yesterday, Yellin had the unenviable task of convincing Americans that even though it may look like a recession, sound like a recession, and feel like a recession, it’s not really a recession:

    SEC. JANET YELLEN: I do want to emphasize: What a recession really means is a broad-based contraction in the economy. And even if that [second-quarter-GDP-growth] number is negative, we are not in a recession now. And I would, you know, warn that we should be not characterizing that as a recession —

    CHUCK TODD: I understand that, but you’re splitting hairs. I mean, if the technical definition is two quarters of contraction, you’re saying that’s not a recession?

    YELLEN: That’s not the tech —

    TODD: No?

    YELLEN: That’s not the technical definition. There’s an organization called the National Bureau of Economic Research that looks at a broad range of data in deciding whether or not there is a recession. And most of the data that they look at right now continues to be strong. I would be amazed if the NBER would declare this period to be a recession, even if it happens to have two quarters of negative growth. We’ve got a very strong labor market. When you’re creating almost 400,000 jobs a month, that is not a recession.

    The National Bureau of Economic Research isn’t exactly speedy about these declarations. Back in December 2008, it announced that the U.S. was in a recession . . . that had begun almost one year earlier in January 2008.

    It is indeed true that it’s odd to see an economic recession when unemployment is at just 3.6 percent. The other counterargument that the Biden administration keeps trotting out is that companies are hiring, which is usually the opposite of what happens in a recession. As of May, the U.S. had 11.3 million unfilled jobs.

    But an unfilled job doesn’t actually produce anything — other than perhaps help-wanted ads — which means that those 11.3 million openings aren’t contributing to the GDP. The Biden administration is pointing to the near-record number of job openings as a sign of economic strength. But all those empty office cubicles, empty spots on the assembly line, unanswered calls, and unfilled wait-staff shifts feel a lot more like a sign of economic weakness. Peggy Noonan offered a vivid description in her column this weekend:

    Retailers big and small struggle to find and retain employees. Beaches and pools can’t find lifeguards. Police forces can’t find young men and women to apply. The U.S. Army can’t find recruits. Doctors offices strain to fill a job when somebody leaves. Airlines are so short-staffed there’s no one to help you find luggage that’s been lost for two weeks. There’s no one to keep it from being lost. The other night a Midwestern city official told CNN, of the struggle to hire cops, “It’s like the American workforce vanished.”

    There are still a lot of, “Please be patient, we are understaffed” signs in the front of restaurants around the country, a lot of retail stores with only one or two registers open, and a lot of pharmacies with only one pharmacist trying to manage the phone and the line of customers in front of her. Those aren’t signs of a thriving economy.

    The U.S. Chamber of Commerce notes that:

    The U.S. has 3.25 million fewer Americans working today compared to February of 2020. . . . Right now, the latest data shows that we have over 11 million job openings in the U.S. — but only 6 million unemployed workers. We have a lot of jobs, but not enough workers to fill them. If every unemployed person in the country found a job, we would still have 5.4 million open jobs.

    If the economy were as strong and healthy as the Biden team and congressional Democrats want it to be, there would be Americans working in those jobs.

    The reason it will be so difficult for Biden to explain that this isn’t really a recession is because in the American public’s mind, a recession is a de facto synonym for “economic bad times.” With inflation at 9.1 percent, Americans are feeling an intense financial squeeze because everything is more expensive now. The price hikes aren’t gradual; they’re sudden and noticeable. And these aren’t price hikes that a person notices for once-in-a-while purchases, like a new home purchase or a new car purchase. These are noticeable price hikes in everything they buy, particularly groceries and gasoline.

    There’s a curious trend in economic journalism lately, contending that Americans are just too pessimistic, and that most Americans are doing much better than they are willing to admit.

    This New York Times write-up of a survey in mid July is a good example: “Just 10 percent of registered voters say the U.S. economy is ‘good’ or ‘excellent,’ according to a New York Times/Siena College poll — a remarkable degree of pessimism at a time when wages are rising and the unemployment rate is near a 50-year low.”

    But here’s a feature story in the Times on the impact of inflation from just a few weeks earlier:

    In May 2021, the average price of a dozen large eggs was $1.60. A year later, it was $2.80 — an increase of 75 percent. Ground beef is up 13 percent per pound. A gallon of whole milk costs one-fifth more. Overall, grocery prices were 12 percent higher last month than they were a year earlier, according to the Bureau of Labor Statistics. That was the largest year-over-year increase since 1979.

    At the same time, the average driver was paying nearly $275 a month at the pump, up from $167 in June 2021, when a gallon of gas was $3.07, according to Kelley Blue Book’s calculations. Rents, too, are escalating. The median monthly rent was nearly $1,850 in May, according to Realtor.com, up 26 percent from 2019, before the pandemic.

    This morning, the Wall Street Journal serves up an article on upper-middle-class Americans who are watching their economic gains of 2020 and 2021 erode in 2022. The article notes that, “Upper-middle-class households are defined here as those earning between $75,301 and $127,300 a year.” (In parts of the country with high costs of living, that doesn’t seem all that upper!) Lots of people, particularly on the left, are likely to scoff that these Americans are sufficiently well-off that they need no sympathy — which illuminates just how conditional their much-touted empathy is. Upper-middle-class families must pay their mortgages, grocery bills, and gas bills, and for college educations and retirement, too.

    Many economic writers — who I suspect are sympathetic to the administration — keep asking, “Why do the American people keep demonstrating this remarkable degree of pessimism?” And the American people keep answering, “Because everything is so flippin’ expensive these days!”

    Between now and the midterms, Yellin, Biden, and the rest of the Democrats will be trying to convince Americans that they’re more prosperous than they feel. I suspect you would have an easier time convincing Americans that they’re taller than they feel.

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on The next Biden lie Thursday
  • Red state, blue state

    July 25, 2022
    US politics

    James Freeman:

    There’s been an entertaining media campaign to explain heavy migration from blue states to places like Texas and Florida in ways that do not highlight low taxes and competent governance. It sometimes seems as if the first rule of California flight club is: Do not talk about limited government. Now the New York Times offers what may be a fresh contribution to the genre with an essay by an opinion writer who has made his way to North Carolina. Can you guess why?

    Before attempting to answer this challenging question, let’s consider his new home. North Carolina is not a red state but a swing state, and it enjoys a far more affordable and less intrusive government than the Empire State. CNBC’s Scott Cohn recently noted:

    Powered by an economy that has hit its stride, and turbocharged by a long track record of innovation, North Carolina is America’s Top State for Business in 2022.

    The Tar Heel State has always been a contender in CNBC’s annual competitiveness rankings… But 2022 is the first year it has been able to climb to the top.

    What made the difference this year? For one thing, state leaders keep managing to put aside their very deep political divisions to boost business and the economy.

    CNBC is not the only one impressed with the Tar Heel State. In April the American Legislative Exchange Council released its latest economic competitiveness ranking and noted:

    North Carolina has now achieved its best ranking to date, landing at 2nd overall for economic outlook. Since the passage of historic tax reform in 2013 when the state ranked 22nd, North Carolina has continued to lower taxes and foster economic growth.

    The Tax Foundation is perhaps not quite as bullish but still ranks North Carolina’s overall business tax climate 11th in the country, compared to New York’s dismal 49th-place finish. (Only the Garden State has a worse ranking, which may explain why many New Jersey taxpayers believe they were born to run.)

    As for Times opinion contributor Frank Bruni, readers at first may wonder why he would ever leave the friendly confines of progressive Manhattan. The headline over the story about the place where he decided to live reads, “One of America’s Most Seductive States Is Also One of Its Scariest.”

    Now why would someone voluntarily move to a place he regards as one of the scariest places in the country?

    Many readers will also naturally wonder what could be so scary about North Carolina. Mr. Bruni mainly seems to fear the state’s Republicans, even though they must compete for votes against a vibrant Democratic Party that currently holds the governorship and other important state offices.

    Mr. Bruni describes his reporting visit to the state’s 13th congressional district and then adds:

    But I also toured the district as part of my acclimation to North Carolina, to continue testing my belief that this state — my new home — is as accurate, illuminating and alarming a political mirror of the country as any other. A year after moving here from the People’s Republic of the Upper West Side, I realize that I didn’t so much turn my back on New York City as turn my gaze toward a broader, truer portrait of America right now.

    So there wasn’t anything in particular driving him away from New York, and he moved to one of America’s “scariest” states simply to see more of the country? Finally in paragraphs 23 and 24 the reader is given additional clues about why Mr. Bruni managed to overcome his fear of Republicans enough to live among them:

    In a chilling article in The Atlantic this month, James Piltch called the state’s combination of partisan judicial elections and practiced gerrymandering a “democratic doom loop,” potentially abetting a degree of Republican dominance divorced from, and unaccountable to, the will of the state’s people. The article’s headline: “North Carolina Is a Warning.”

    That hasn’t stopped an influx of newcomers, many of them lured, as I was, by gentler rhythms, more space and a lower cost of living than in many areas in the Northeast or on the West Coast. It’s a beautiful state, bracketed by the Blue Ridge Mountains and the Atlantic Ocean. It’s a sophisticated state, with nationally renowned universities and fast-growing cities like Charlotte, Raleigh and Durham. It’s a changing state, with new jobs in tech replacing old ones in manufacturing.

    Will it ever occur to Mr. Bruni that conservatives advocating for limited government in a competitive political arena might just have something to do with North Carolina’s low costs and vibrant economy?

    While Mr. Bruni moved to a state with a good number of conservatives, he chose a neighborhood where they are especially rare. Located near his new employer, Duke University, the place might have reminded him what a burden progressive governance can place on the daily routines of life:

    A blotch of deep blue is where I ended up, 20 minutes from Duke, on the border of Chapel Hill and Carrboro. Front yards near mine showcase “Black Lives Matter” and “We Believe” signs. Several neighbors’ first conversations with me were about how to follow the county’s recycling rules correctly.

    Let’s hope that more New Yorkers and even former New Yorkers will appreciate—and even admit—that one-party progressive rule has not led to gentle and affordable living.

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Red state, blue state
  • Presty the DJ for July 25

    July 25, 2022
    Music

    Today in 1964, the Beatles’ “A Hard Day’s Night” hit number one and stayed there for 14 weeks:

    Today in 1973, George Harrison got a visit from the taxman, who told him he owed £1 million in taxes on his 1973 Bangladesh album and concert:

    (more…)

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Presty the DJ for July 25
  • Presty the DJ for July 24

    July 24, 2022
    Music

    Today in 1964, a member of the audience at a Rolling Stones concert in the Empress Ballroom in Blackpool, England, spat upon guitarist Brian Jones, sparking a riot that injured 30 fans and two police officers.

    The Stones were banned from performing in Blackpool until 2008.

    Today in 1965, Bob Dylan released “Like a Rolling Stone,” which is not like said Rolling Stones:

    Today in 1967, the Beatles and other celebrities took out a full-page ad in the London Times calling for the legalization of …

    … marijuana.

    (more…)

    Share this on …

    • Share on X (Opens in new window) X
    • Share on Facebook (Opens in new window) Facebook
    • Share on LinkedIn (Opens in new window) LinkedIn
    • Email a link to a friend (Opens in new window) Email
    • Print (Opens in new window) Print
    Like Loading…
    No comments on Presty the DJ for July 24
Previous Page
1 … 165 166 167 168 169 … 1,040
Next Page

Website Powered by WordPress.com.

Steve Prestegard.com: The Presteblog

The thoughts of a journalist/libertarian–conservative/Christian husband, father, Eagle Scout and aficionado of obscure rock music. Thoughts herein are only the author’s and not necessarily the opinions of his family, friends, neighbors, church members or past, present or future employers.

  • Steve
    • About, or, Who is this man?
    • Facebook
    • Twitter
    • Adventures in ruralu0026nbsp;inkBack in June 2009, I was driving somewhere through a rural area. And for some reason, I had a flashback to two experiences in my career about that time of year many years ago. In 1988, eight days after graduating from the University of Wisconsin, I started work at the Grant County Herald Independent in Lancaster as a — well, the — reporter. Four years after that, on my 27th birthday, I purchased, with a business partner, the Tri-County Press in Cuba City, my first business venture. Both were experiences about which Wisconsin author Michael Perry might write. I thought about all this after reading a novel, The Deadline, written by a former newspaper editor and publisher. (Now who would write a novel about a weekly newspaper?) As a former newspaper owner, I picked at some of it — why finance a newspaper purchase through the bank if the seller is willing to finance it? Because the mean bank lender is a plot point! — and it is much more interesting than reality, but it is very well written, with a nicely twisting plot, and quite entertaining, again more so than reality. There is something about that first job out of college that makes you remember it perhaps more…
    • Adventures in radioI’ve been in the full-time work world half my life. For that same amount of time I’ve been broadcasting sports as a side interest, something I had wanted to since I started listening to games on radio and watching on TV, and then actually attending games. If you ask someone who’s worked in radio for some time about the late ’70s TV series “WKRP in Cincinnati,” most of them will tell you that, if anything, the series understated how wacky working in radio can be. Perhaps the funniest episode in the history of TV is the “WKRP” episode, based on a true story, about the fictional radio station’s Thanksgiving promotion — throwing live turkeys out of a helicopter under the mistaken belief that, in the words of WKRP owner Arthur Carlson, “As God is my witness, I thought turkeys could fly.” [youtube=http://www.youtube.com/watch?v=ST01bZJPuE0] I’ve never been involved in anything like that. I have announced games from the roofs of press boxes (once on a nice day, and once in 50-mph winds), from a Mississippi River bluff (more on that later), and from the front row of the second balcony of the University of Wisconsin Fieldhouse (great view, but not a place to go if…
    • “Good morning/afternoon/evening, ________ fans …”
    • My biggest storyEarlier this week, while looking for something else, I came upon some of my own work. (I’m going to write a blog someday called “Things I Found While Looking for Something Else.” This is not that blog.) The Grant County Sheriff’s Department, in the county where I used to live, has a tribute page to the two officers in county history who died in the line of duty. One is William Loud, a deputy marshal in Cassville, shot to death by two bank robbers in 1912. The other is Tom Reuter, a Grant County deputy sheriff who was shot to death at the end of his 4 p.m.-to-midnight shift March 18, 1990. Gregory Coulthard, then a 19-year-old farmhand, was convicted of first-degree intentional homicide and is serving a life sentence, with his first eligibility for parole on March 18, 2015, just 3½ years from now. I’ve written a lot over the years. I think this, from my first two years in the full-time journalism world, will go down as the story I remember the most. For journalists, big stories contain a paradox, which was pointed out in CBS-TV’s interview of Andy Rooney on his last “60 Minutes” Sunday. Morley Safer said something along the line…
  • Food and drink
    • The Roesch/Prestegard familyu0026nbsp;cookbookFrom the family cookbook(s) All the families I’m associated with love to eat, so it’s a good thing we enjoy cooking. The first out-of-my-house food memory I have is of my grandmother’s cooking for Christmas or other family occasions. According to my mother, my grandmother had a baked beans recipe that she would make for my mother. Unfortunately, the recipe seems to have  disappeared. Also unfortunately, my early days as a picky, though voluminous, eater meant I missed a lot of those recipes made from such wholesome ingredients as lard and meat fat. I particularly remember a couple of meals that involve my family. The day of Super Bowl XXXI, my parents, my brother, my aunt and uncle and a group of their friends got together to share lots of food and cheer on the Packers to their first NFL title in 29 years. (After which Jannan and I drove to Lambeau Field in the snow,  but that’s another story.) Then, on Dec. 31, 1999, my parents, my brother, my aunt and uncle and Jannan and I (along with Michael in utero) had a one-course-per-hour meal to appropriately end years beginning with the number 1. Unfortunately I can’t remember what we…
    • SkålI was the editor of Marketplace Magazine for 10 years. If I had to point to one thing that demonstrates improved quality of life since I came to Northeast Wisconsin in 1994, it would be … … the growth of breweries and  wineries in Northeast Wisconsin. The former of those two facts makes sense, given our heritage as a brewing state. The latter is less self-evident, since no one thinks of Wisconsin as having a good grape-growing climate. Some snobs claim that apple or cherry wines aren’t really wines at all. But one of the great facets of free enterprise is the opportunity to make your own choice of what food and drink to drink. (At least for now, though some wish to restrict our food and drink choices.) Wisconsin’s historically predominant ethnic group (and our family’s) is German. Our German ancestors did unfortunately bring large government and high taxes with them, but they also brought beer. Europeans brought wine with them, since they came from countries with poor-quality drinking water. Within 50 years of a wave of mid-19th-century German immigration, brewing had become the fifth largest industry in the U.S., according to Maureen Ogle, author of Ambitious Brew: The Story of American Beer. Beer and wine have…
  • Wheels
    • America’s sports carMy birthday in June dawned without a Chevrolet Corvette in front of my house. (The Corvette at the top of the page was featured at the 2007 Greater Milwaukee Auto Show. The copilot is my oldest son, Michael.) Which isn’t surprising. I have three young children, and I have a house with a one-car garage. (Then again, this would be more practical, though a blatant pluck-your-eyes-out violation of the Corvette ethos. Of course, so was this.) The reality is that I’m likely to be able to own a Corvette only if I get a visit from the Corvette Fairy, whose office is next door to the Easter Bunny. (I hope this isn’t foreshadowing: When I interviewed Dave Richter of Valley Corvette for a car enthusiast story in the late great Marketplace Magazine, he said that the most popular Corvette in most fans’ minds was a Corvette built during their days in high school. This would be a problem for me in that I graduated from high school in 1983, when no Corvette was built.) The Corvette is one of those cars whose existence may be difficult to understand within General Motors Corp. The Corvette is what is known as a “halo car,” a car that drives people into showrooms, even if…
    • Barges on fouru0026nbsp;wheelsI originally wrote this in September 2008.  At the Fox Cities Business Expo Tuesday, a Smart car was displayed at the United Way Fox Cities booth. I reported that I once owned a car into which trunk, I believe, the Smart could be placed, with the trunk lid shut. This is said car — a 1975 Chevrolet Caprice coupe (ours was dark red), whose doors are, I believe, longer than the entire Smart. The Caprice, built down Interstate 90 from us Madisonians in Janesville (a neighbor of ours who worked at the plant probably helped put it together) was the flagship of Chevy’s full-size fleet (which included the stripper Bel Air and middle-of-the-road Impala), featuring popular-for-the-time vinyl roofs, better sound insulation, an upgraded cloth interior, rear fender skirts and fancy Caprice badges. The Caprice was 18 feet 1 inch long and weighed 4,300 pounds. For comparison: The midsize Chevrolet of the ear was the Malibu, which was the same approximate size as the Caprice after its 1977 downsizing. The compact Chevrolet of the era was the Nova, which was 200 inches long — four inches longer than a current Cadillac STS. Wikipedia’s entry on the Caprice has this amusing sentence: “As fuel economy became a bigger priority among Americans…
    • Behind the wheel
    • Collecting only dust or rust
    • Coooooooooooupe!
    • Corvettes on the screen
    • The garage of misfit cars
    • 100 years (and one day) of our Chevrolets
    • They built Excitement, sort of, once in a while
    • A wagon by any otheru0026nbsp;nameFirst written in 2008. You will see more don’t-call-them-station-wagons as you drive today. Readers around my age have probably had some experience with a vehicle increasingly rare on the road — the station wagon. If you were a Boy Scout or Girl Scout, or were a member of some kind of youth athletic team, or had a large dog, or had relatives approximately your age, or had friends who needed to be transported somewhere, or had parents who occasionally had to haul (either in the back or in a trailer) more than what could be fit inside a car trunk, you (or, actually, your parents) were the target demographic for the station wagon. “Station wagons came to be like covered wagons — so much family activity happened in those cars,” said Tim Cleary, president of the American Station Wagon Owners Association, in Country Living magazine. Wagons “were used for everything from daily runs to the grocery store to long summer driving trips, and while many men and women might have wanted a fancier or sportier car, a station wagon was something they knew they needed for the family.” The “station wagon” originally was a vehicle with a covered seating area to take people between train stations…
    • Wheels on theu0026nbsp;screenBetween my former and current blogs, I wrote a lot about automobiles and TV and movies. Think of this post as killing two birds (Thunderbirds? Firebirds? Skylarks?) with one stone. Most movies and TV series view cars the same way most people view cars — as A-to-B transportation. (That’s not counting the movies or series where the car is the plot, like the haunted “Christine” or “Knight Rider” or the “Back to the Future” movies.) The philosophy here, of course, is that cars are not merely A-to-B transportation. Which disqualifies most police shows from what you’re about to read, even though I’ve watched more police video than anything else, because police cars are plain Jane vehicles. The highlight in a sense is in the beginning: The car chase in my favorite movie, “Bullitt,” featuring Steve McQueen’s 1968 Ford Mustang against the bad guys’ 1968 Dodge Charger: [youtube=http://www.youtube.com/watch?v=GMc2RdFuOxIu0026amp;fmt=18] One year before that (but I didn’t see this until we got Telemundo on cable a couple of years ago) was a movie called “Operación 67,” featuring (I kid you not) a masked professional wrestler, his unmasked sidekick, and some sort of secret agent plot. (Since I don’t know Spanish and it’s not…
    • While riding in my Cadillac …
  • Entertainments
    • Brass rocksThose who read my former blog last year at this time, or have read this blog over the past months, know that I am a big fan of the rock group Chicago. (Back when they were a rock group and not a singer of sappy ballads, that is.) Since rock music began from elements of country music, jazz and the blues, brass rock would seem a natural subgenre of rock music. A lot of ’50s musical acts had saxophone players, and some played with full orchestras … [youtube=http://www.youtube.com/watch?v=9CPS-WuUKUE] … but it wasn’t until the more-or-less simultaneous appearances of Chicago and Blood Sweat u0026amp; Tears on the musical scene (both groups formed in 1967, both had their first charting singles in 1969, and they had the same producer) that the usual guitar/bass/keyboard/drum grouping was augmented by one or more trumpets, a sax player and a trombone player. While Chicago is my favorite group (but you knew that already), the first brass rock song I remember hearing was BSu0026amp;T’s “Spinning Wheel” — not in its original form, but on “Sesame Street,” accompanied by, yes, a giant spinning wheel. [youtube=http://www.youtube.com/watch?v=qi9sLkyhhlE] [youtube=http://www.youtube.com/watch?v=OxWSOuNsN20] [youtube=http://www.youtube.com/watch?v=U9U34uPjz-g] I remember liking Chicago’s “Just You ‘n Me” when it was released as a single, and…
    • Drive and Eat au0026nbsp;RockThe first UW home football game of each season also is the opener for the University of Wisconsin Marching Band, the world’s finest college marching band. (How the UW Band has not gotten the Sudler Trophy, which is to honor the country’s premier college marching bands, is beyond my comprehension.) I know this because I am an alumnus of the UW Band. I played five years (in the last rank of the band, Rank 25, motto: “Where Men Are Tall and Run-On Is Short”), marching in 39 football games at Camp Randall Stadium, the Hubert H. Humphrey Metrodome in Minneapolis, Michigan Stadium in Ann Arbor, Memorial Stadium at the University of Illinois (worst artificial turf I had ever seen), the University of Nevada–Las Vegas’ Sam Boyd Silver Bowl, the former Dyche Stadium at Northwestern University, five high school fields and, in my one bowl game, Legion Field in Birmingham, Ala., site of the 1984 Hall of Fame Bowl. The UW Band was, without question, the most memorable experience of my college days, and one of the most meaningful experiences of my lifetime. It was the most physical experience of my lifetime, to be sure. Fifteen minutes into my first Registration…
    • Keep on rockin’ in the freeu0026nbsp;worldOne of my first ambitions in communications was to be a radio disc jockey, and to possibly reach the level of the greats I used to listen to from WLS radio in Chicago, which used to be one of the great 50,000-watt AM rock stations of the country, back when they still existed. (Those who are aficionados of that time in music and radio history enjoyed a trip to that wayback machine when WLS a Memorial Day Big 89 Rewind, excerpts of which can be found on their Web site.) My vision was to be WLS’ afternoon DJ, playing the best in rock music between 2 and 6, which meant I wouldn’t have to get up before the crack of dawn to do the morning show, yet have my nights free to do whatever glamorous things big-city DJs did. Then I learned about the realities of radio — low pay, long hours, zero job security — and though I have dabbled in radio sports, I’ve pretty much cured myself of the idea of working in radio, even if, to quote WAPL’s Len Nelson, “You come to work every day just like everybody else does, but we’re playing rock ’n’ roll songs, we’re cuttin’ up.…
    • Monday on the flight line, not Saturday in the park
    • Music to drive by
    • The rock ofu0026nbsp;WisconsinWikipedia begins its item “Music of Wisconsin” thusly: Wisconsin was settled largely by European immigrants in the late 19th century. This immigration led to the popularization of galops, schottisches, waltzes, and, especially, polkas. [youtube=http://www.youtube.com/watch?v=yl7wCczgNUc] So when I first sought to write a blog piece about rock musicians from Wisconsin, that seemed like a forlorn venture. Turned out it wasn’t, because when I first wrote about rock musicians from Wisconsin, so many of them that I hadn’t mentioned came up in the first few days that I had to write a second blog entry fixing the omissions of the first. This list is about rock music, so it will not include, for instance, Milwaukee native and Ripon College graduate Al Jarreau, who in addition to having recorded a boatload of music for the jazz and adult contemporary/easy listening fan, also recorded the theme music for the ’80s TV series “Moonlighting.” Nor will it include Milwaukee native Eric Benet, who was for a while known more for his former wife, Halle Berry, than for his music, which includes four number one singles on the Ru0026amp;B charts, “Spend My Life with You” with Tamia, “Hurricane,” “Pretty Baby” and “You’re the Only One.” Nor will it include Wisconsin’s sizable contributions to big…
    • Steve TV: All Steve, All the Time
    • “Super Steve, Man of Action!”
    • Too much TV
    • The worst music of allu0026nbsp;timeThe rock group Jefferson Airplane titled its first greatest-hits compilation “The Worst of Jefferson Airplane.” Rolling Stone magazine was not being ironic when it polled its readers to decide the 10 worst songs of the 1990s. I’m not sure I agree with all of Rolling Stone’s list, but that shouldn’t be surprising; such lists are meant for debate, after all. To determine the “worst,” songs appropriate for the “Vinyl from Hell” segment that used to be on a Madison FM rock station, requires some criteria, which does not include mere overexposure (for instance, “Macarena,” the video of which I find amusing since it looks like two bankers are singing it). Before we go on: Blog posts like this one require multimedia, so if you find a song you hate on this blog, I apologize. These are also songs that I almost never listen to because my sound system has a zero-tolerance policy — if I’m listening to the radio or a CD and I hear a song I don’t like, it’s, to quote Bad Company, gone gone gone. My blonde wife won’t be happy to read that one of her favorite ’90s songs, 4 Non Blondes’ “What’s Up,” starts the list. (However,…
    • “You have the right to remain silent …”
  • Madison
    • Blasts from the Madison media past
    • Blasts from my Madison past
    • Blasts from our Madison past
    • What’s the matter with Madison?
    • Wisconsin – Madison = ?
  • Sports
    • Athletic aesthetics, or “cardinal” vs. “Big Red”
    • Choose your own announcer
    • La Follette state 1982 (u0022It was 30 years ago todayu0022)
    • The North Dakota–Wisconsin Hockey Fight of 1982
    • Packers vs. Brewers
  • Hall of Fame
    • The case(s) against teacher unions
    • The Class of 1983
    • A hairy subject, or face the face
    • It’s worse than you think
    • It’s worse than you think, 2010–11 edition
    • My favorite interview subject of all time
    • Oh look! Rural people!
    • Prestegard for president!
    • Unions vs. the facts, or Hiding in plain sight
    • When rhetoric goes too far
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
 

Loading Comments...
 

    • Subscribe Subscribed
      • Steve Prestegard.com: The Presteblog
      • Join 197 other subscribers
      • Already have a WordPress.com account? Log in now.
      • Steve Prestegard.com: The Presteblog
      • Subscribe Subscribed
      • Sign up
      • Log in
      • Report this content
      • View site in Reader
      • Manage subscriptions
      • Collapse this bar
    %d