Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Jobs

Connecticut’s Governor as King Canute

Seal of the Governor of Connecticut.

Seal of the Governor of Connecticut. (Photo credit: Wikipedia)

This article first appeared at the McAlvany Intelligence Advisor on Monday, March 31, 2014:

King Canute appears to have been reincarnated in the body of Connecticut Governor Dannel Malloy. On Thursday, the governor announced, with great fanfare, that by raising the state’s minimum wage to $10.10 an hour, he will be simultaneously raising people out of poverty, restoring business confidence, and bringing days of wine and roses back to the Nutmeg State:

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Mike Rowe Touches the Third Rail of Retailing: Walmart!

Mike Rowe, the popular host of Dirty Jobs on the Discovery Channel and frequent voice behind ads for Ford, Caterpillar, Motorola and Lee’s Jeans, learned how thin his popularity is among some of his fans when he touched the third rail of retailing: Walmart. In his voiceover of Walmart’s ad appearing during the Olympics, Rowe announces the retail giant’s plans to

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Standard & Poor’s Downgrades Puerto Rican debt to junk status

Now that credit rating agency Standard & Poor’s has ended the suspense by announcing that it is cutting Puerto Rico’s $70 billion worth of general obligation bonds to junk status, questions about the island’s economic future abound. Will Fitch and Moody’s follow suit

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Latest Keystone Pipeline Study Greeted with Cheers and Jeers

In the release on Friday of the fifth environmental impact study of the Keystone XL pipeline, partisans on both sides of the issue were quick to point to the key paragraph in that study:

Approval or denial of any one crude oil transport project, including [the Keystone XL pipeline project], is unlikely to significantly impact the rate of extraction in the oil sands [in Alberta, Canada] or the continued demand for heavy crude oil at refineries in the United States…

Supporters saw this as supporting the country’s economy and lessening its dependence upon foreign, less friendly sources of oil. Senate Minority Leader Mitch Mitchell declared:

The Keystone XL Pipeline is the single largest shovel-ready project in America, ready to go, but for years President Obama and his hard-left allies have stalled these jobs in a maze of red tape.

If the president meant what he said this week about a “year of action,” he’ll act now on this important project that won’t cost taxpayers a dime to build but will bring thousands of private-sector jobs to Americans who need them.

Mitchell’s comments were echoed by Senator Joe Manchin (D-W.Va.):

I have been incredibly frustrated for more than five years by the repeated and unnecessary delays in moving forward with the construction of the Keystone XL pipeline. I am pleased the State Department has confirmed there is no evidence of any negative environmental impact from building this pipeline.

The president of TransCanada, Russ Girling, expressed relief that his company’s project, first begun in 2008 but delayed with repeated requests for more analysis:

The case for Keystone XL, in our view, pre- and post this report, are as strong as ever. No matter how much noise [environmentalists] make or how much misinformation they spread, the facts do support this project…

It will have minimal impact on the environment…

Those opposed saw little in the report to cheer about, seeing in it confirmation that the continued extraction of the heavy oil from the Athabasca Oil Sands will threaten the environment. Senator Barbara Boxer (D-Ca.) saw the study as inaccurate:

I will not be satisfied with any analysis that does not accurately document what is really happening in the ground when it comes to the extraction, transport, refining and waste disposal of dirty, filthy tar sands oil.

My biggest concerns continue to be the serious health impact on communities and the dangerous carbon pollution that comes from tar sands oil.

Rep. Raul Grijalva (D-Ariz.) wrote off the report’s conclusion as well:

The State Department is asking us to believe this pipeline is in the national interest. How can a pipeline that ships Canadian tar sands to the Gulf of Mexico for export, that does nothing to increase our energy independence, and that will deal irreparable damage both to our landscapes and our air quality possibly meet that definition.

Environmentalists like Susan Casey-Lefkowitz of the Natural Resources Defense Council (NRDC) even saw something in the report that wasn’t there:

Even though the State Department continues to downplay clear evidence that the Keystone XL pipeline would lead to tar sands expansion and significantly worsen carbon pollution, it has, for the first time, acknowledged that the proposed project could accelerate climate change.

President Obama now has all the information he needs to reject the pipeline.

What really puts the president on the hot seat, however, is the support for the pipeline from one of his staunchest allies: Richard Trumpka, president of the AFL-CIO:

We think that anything that’s going to create jobs, help the country and do it in an environmentally sound way ought to be done.

This pits Obama supporters against each other while putting pressure on Democrats supporting the project if the president rejects it. Both Senators Mary Landrieu (D-La.) and Mark Begich (D-Alaska) are vulnerable in November and could suffer in their reelection campaigns if the president axes the project.

There will be no meeting in the middle on the issue, according to Professor Bernard Weinstein of the MacGuire Energy Institute. When I spoke with him following a presentation that he made in Colorado Springs last week, Weinstein said he was hopeful that the horrific derailment of 76 tank cars carrying Bakken oil in the town of Lac-Mégantic in Quebec last July which killed nearly 50 people and almost destroyed the town would persuade environmentalists that the Keystone pipeline would make more sense in that it was a much safer means to transport crude oil. Instead, he said, “The accident just proved to them that any transport of oil is dangerous and oil extraction of any kind should be ended altogether.”

Now that the report has been published, there is a 60-day period for public comment and input before any decision is made. Some environmentalist groups, including 350.org, have threatened to engage in non-violent protests at the White House similar to those that got 1,200 arrested in the summer of 2011 and another one a year ago where an estimated 50,000 protestors vented noisily their opposition to the project.

The State Department report, however, isn’t likely to speed up the decision-making process. President Obama has stalled before, putting off any final decision until after the 2012 election and he could well do so again. He is likely to let the problem descend onto the desk of Secretary of State John Kerry who, while still believing in the theory of climate change in spite of evidence to the contrary, has been invisible on Keystone. The report is an amazing seven volumes long which someone on his staff is going to have to read. And then he is likely to seek counsel from at least eight other government agencies before deciding what to recommend to the president: the Departments of Defense, Justice, Interior, Commerce, Transportation, Energy, Homeland Security, and the E.P.A. As Kerry’s assistant, Kerri-Ann Jones, noted, this report “is not a decision document … [it] is only one factor that will be coming into the review process for this permit.”

Instead of expecting a decision at the end of 90 days, some say it could take as long as a year, well past the November elections, neatly solving the president’s political problems. In the meantime, tar sands oil will continue to be harvested and shipped by rail if not by pipeline to meet worldwide demand.

 

 

More Proof, if it were Needed, that Liberalism Excels at Only One Thing: Destruction

This article first appeared at The McAlvany Intelligence Advisor on Wednesday, January 22nd, 2014:

The chasm between dream and reality, between hope and substance, between promises made and the mathematics behind them, were never more starkly on display than back in 2007 when taxpayers in Highland Park – a three-square mile city located inside Detroit – approved a measure offered by the city council to borrow $27 million from local banks in order to make the city’s pension plan payments. Talk about robbing Peter to pay Paul, or, more accurately, making one credit card payment by using another credit card! So there’s plenty of guilt to go around as the city now

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Highland Park, Michigan, is Teetering on the Brink of Bankruptcy

The final straw for Highland Park, Michigan, may have arrived in the form of a letter from Fifth Third Bank last month announcing it is ending its monthly checks that have provided life support for the city inside of Detroit for the last three years. One of three banks sending checks to the city, Fifth Third said in its letter dated December 12 that it is

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Gun Accessories Maker Keeps its Promise to leave Colorado

Just when some of its customers were beginning to question the company’s sincerity about moving out of Colorado in response to anti-gun legislation passed last summer, Magpul Industries announced it has finalized its moves to

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1.3 million Lose Federal Unemployment Benefits, Another 2 million to Follow

Because the budget deal signed into law last week didn’t extend federal unemployment benefits, some 1.3 million people won’t be getting their $1,166 monthly checks, starting in January. By June another 1.9 million will be cut off.

Keynesians are sputtering nonsense about the need to extend benefits. President Obama called it an

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Monumental Hubris in Claim of Taxpayer Victory in GM Bailout

 

This article first appeared at The McAlvany Intelligence Advisor on Wednesday, December 11th, 2013:

In Treasury Secretary Jacob Lew’s fawning, obsequious, genuflecting announcement that the president had singlehandedly saved western civilization from a cataclysmic economic disaster, he said that by taking a loss, taxpayers actually scored a victory:

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US Treasury sells the rest of its GM shares at a loss, claims taxpayer victory

Treasury Secretary Jacob Lew announced on Monday afternoon that his department had sold the remaining shares of GM that it acquired following the forced bankruptcy of the auto giant in 2009, and made the $10.5 billion loss sound like it was a victory:

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Walmart’s Two New Stores in Washington DC Embarrass a Preacher

This article first appeared at The McAlvany Intelligence Advisor on Monday, December 9th, 2013:

 

When the Rev. Graylan S. Hagler, pastor of the Plymouth Congregational United Church of Christ, saw the two new Walmart stores opening in DC this past week, he admitted that some of his people were going to shop there despite his protestations:

I know some of my congregants are going to be shopping there. I have not called for a boycott or anything like that.

But … when you make this corporation richer, it’s at the expense of making somebody [else] poorer.

Not according to the shoppers, hundreds of whom voluntarily

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Walmart opens first two stores in Washington, DC, after wage fight

When Washington, DC’s city council passed an ordinance raising the minimum wage just for Walmart’s employees, Walmart threatened to pull five stores planned for the DC area – three of which were already under construction – in response. But after Mayor Vincent Gray vetoed the measure and the council couldn’t override it, Walmart went ahead with two of them, both of which

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White House Thanksgiving Day reminder: Let’s all be like Lucy

Last Tuesday the White House issued a Thanksgiving Day reminder: “The Supplemental Nutrition Assistance Program (SNAP) helps millions of Americans put food on the table.” Then began a litany of statistics and charts along with explanations of how wonderful SNAP is, even getting in a dig at those selfish “House Republicans [who] would cause nearly 4 million Americans to lose access to SNAP next year.”

Harold Maass, writing at the liberal TheWeek.com blog, explained all the reasons why conservatives hate food stamps:

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Credit rating agencies downgrade Chicago debt, again

The day after the Illinois state legislature adjourned without dealing with the state’s $100 billion crisis, on Friday, November 8th Fitch Ratings downgraded $8.5 billion of Chicago’s bonds as well as its outlook for future downgrades as “negative.” Said Fitch: “The city has been unsuccessful in its attempts to negotiate a solution with labor unions [or with] the state legislature, which ultimately controls the benefit formulas [of the state’s pension plans].” This is the second downgrade by Fitch since July,

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When the Free Market is allowed to Flourish, It Does

This article was first published at The McAlvany Intelligence Advisor on Friday, November 1st, 2013:

When the JOBS Act (Jumpstart Our Business Startups Act) was signed into law in April 2012, it was designed to create a “regulatory exemption” for crowd funded securities – a crack in the 6-inch thick slab of concrete the government regulatory agencies are determined to pave over every manner of entrepreneurial activity in the country – so that entrepreneurs could meet with capital largely free of regulations under Dodd-Frank, Sarbanes-Oxley, and other noxious restrictions on freedom.

It was highly controversial at the time, with the New York Times leading the way in an article entitled

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Kickstarter Marks Another Milestone

Just over a week ago Kickstarter, the crowd funding platform, revealed that it had successfully funded more than 50,000 projects since its inception in 2009. As of October 31st that number had jumped to 50,844 with another 4,130 currently being funded.

Kickstarter has helped entrepreneurs with ideas, songs, gadgets, video games, publishing concepts and fashion design ideas connect with low-budget capitalists interested in supporting them. And, thanks to provisions in the JOBS Act, signed into law in April 2012, they can do this without

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As Obamacare Kicks In, Hospitals are Forced to Reduce Budgets, Cut Jobs

Just as the economy appears to be improving slightly, one of the prime drivers – the healthcare industry – is faltering, according to John Howser at Vanderbilt University Medical Center: “While the rest of the U. S. economy is stabilizing or improving, health care is entering into a recession.”

Vanderbilt is in the process of eliminating 1,000 jobs by the end of the year as it trims its operating expenses, thanks to cuts in reimbursements and employee mandates under Obamacare.

Indiana University Health has already

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The Far-reaching Consequences of the Fracking Boom

This article first appeared at The McAlvany Intelligence Advisor on Wednesday, September 25th, 2013:

Even the people at IHS, Inc. (one of the world’s preeminent global consulting and forecasting firms) missed perhaps the most important impact the fracking boom is likely to have: it just might dampen the enthusiasm for the empire builders in Washington to continue to

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Thanks to America’s Fracking Boom and Skilled Labor Force, Re-shoring of Jobs is Accelerating

More than half of 200 US companies with sales greater than $1 billion are moving jobs back to the US, or are planning to, within the next two years. The announcement by Boston Consulting Group (BCG) on Tuesday confirms a subterranean paradigm shift that’s been underway for at least

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US to Become the World’s Primary Energy Producer in Four Years

In its review of the latest report on world energy supplies from the international energy consulting firm IHS, Inc., writers at Yahoo.com were quick to point out several of the impacts likely to be felt as the United States becomes the number one producer of energy in the world by 2017. Fracking is the prime driver of the US’ resurgence and is bending, changing, questioning and even replacing many of the

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.

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