Saturday, July 25, 2020
Friday, July 24, 2020
Sunday, July 19, 2020
MBA Student: My Generation Is Blind to the Prosperity Around Us!
Omar, Sanders and AOC have called for dismantling our economic system and replacing it with Socialism.
“My Generation Is Blind to the Prosperity Around Us! I'm sitting in a small coffee shop near Nokomis (Florida) trying to think of what to write about. I scroll through my newsfeed on my phone looking at the latest headlines of presidential candidates calling for policies to "fix" the so-called injustices of capitalism. I put my phone down and continue to look around.
I see people talking freely, working on their MacBook's and ordering food they get in an instant, seeing cars go by outside, and it dawned on me; we live in the most privileged time in the most prosperous Nation and we've become completely blind to it.
Vehicles, food, technology, freedom to associate with whom we choose. These things are so ingrained in our American way of life we don't give them a second thought.
We are so well off here in the United States that our poverty line begins 31 times above the global average. Thirty One Times!!!
Virtually no one in the United States is considered poor by global standards. Yet, in a time where we can order a product off Amazon with one click and have it at our doorstep the next day, we are unappreciative, unsatisfied, and ungrateful?
Our unappreciation is evident as the popularity of Socialist policies among my generation continues to grow. Congresswoman Alexandria Ocasio-Cortez recently said to Newsweek talking about the millennial generation, "An entire generation which is now becoming one of the largest electorates in America came of age and never saw American prosperity."
Never saw American prosperity?? Let that sink in.
When I first read that statement, I thought to myself, that was quite literally the most entitled and factually illiterate thing I've ever heard in my 26 years on this earth. Many young people agree with her, which is entirely misguided.
My generation is being indoctrinated by a mainstream narrative to actually believe we have never seen prosperity. I know this first hand, I went to college, let's just say I didn't have the popular opinion, but I disagree.
Why then, with all of the overwhelming evidence around us, evidence that I can even see sitting at a coffee shop, do we not view this as prosperity? We have people who are dying to get into our country!
People around the world destitute and truly impoverished. Yet, we have a young generation convinced they've never seen prosperity and, as a result, we elect some politicians who are dead set on taking steps towards abolishing Capitalism!!
Why? The answer is this, my generation has only seen prosperity. We have no contrast! We didn't live in the great depression or live through two World Wars, the Korean War, The Vietnam War and we didn't see the rise and fall of Socialism and Communism.
We don't know what it's like to live without the internet, without cars, without smartphones.
We don't have a prosperity problem. We have an entitlement problem, an ungratefulness problem, and it's spreading like a plague."
Saturday, July 18, 2020
Homeowners Associations: Beware, Be Careful
I have put together a series of resources and videos on Homeowners Associations. I focus on Texas, but these laws and procedures are common in many states. I've tried to be "neutral" and not just focus on the negatives of HOAs, as there are some benefits to these organizations. Most of the videos simply deal with your rights as a homeowner.
Many states have a state agency that regulates or monitors HOAs. However. Texas does not.
Here are some other resources that might be useful:
HOA Litigation in Texas (4:00)
He mentions Right of Redemption in reference to foreclosure: The right of redemption, in the law of real property, is the right of a debtor whose real property has been foreclosed upon and sold to reclaim that property if they are able to come up with the money to repay the amount of the debt. In Texas, it's 180 days.
Homeowner's Rights vs HOAs (Houston TV 8; 26 Minutes)
While some say it is a critical tool in their operation, others feel it has been taken too far. What are we truly buying when we purchase a home? What rights do we have? How much control should an HOA have? And where should the line be drawn?
What You Need to Know About HOA Documents!
HOA law loophole leaves some homeowners powerless
PROS & CONS of Buying A Home With a HOA
Pros and Cons of a Home Owners Association
Friday, July 17, 2020
Friday, July 10, 2020
What Biden and the Democrats are supporting
A sampling of policies from the Biden campaign and/or Democratic Party platform (as stated either in writing or by Party members):
End cash bail
End cash bail
Abolish death penalty
End solitary confinement
Give government healthcare to illegals
Expand welfare for new immigrants
Expand asylum for all new illegals End border detention
End all travel bans, including from jihadist regions
End all travel bans, including from jihadist regions
Amnesty for all illegals
Rejoin Paris climate accord
Eliminate all carbon emissions by 2030
Free public housing for all former inmates
Require federal reserve to end racial inequity
Universal government healthcare
Zero-emissions transport nationwide
Zero-emissions transport nationwide
Appoint social justice prosecutors
Implement “restorative justice”
End mandatory minimums
Incentives prison closure
Penalize “absentee homeowners” to clear way for affordable housing
Dual language instruction in public schools
Outlaw charter schools that earn a profit
Outlaw charter schools that earn a profit
Place surviving charter schools under control of Washington DC
Close any remaining charter in financially-distressed districts
End school choice in DC
End all federal support for school choice
End standardized tests
End all immigration enforcement near schools or school commutes (note: thereby shielding MS-13)
End all immigration enforcement near schools or school commutes (note: thereby shielding MS-13)
“Cultural competency training” for doctors
Moratorium on all deportations
End “public charge” rule and repeal underlying law
Bar immigration requirements on language proficiency
End prosecutions of illegal border crossings
End prosecutions of illegal border crossings
End MPP and other asylum reforms
End denaturalization of criminals who defrauded US authorities
Investigate ICE officers and Border Agents
Expand and accelerate chain migration
Allow previous deportees to return to the US
Taxpayer-funded lawyers for illegal aliens
Taxpayer-funded lawyers for illegal aliens
Increase refugee admissions 700 percent
Work permits for illegal aliens
Federal student aid for illegals
Remove caps on foreign stem workers
More:
Thursday, July 9, 2020
Tuesday, July 7, 2020
Many Jobs Will Not Come Back
While the continued drop in the official unemployment rate and the record boom in new jobs in June look promising, it’s important to remember they’re just a snapshot of what the economy looked like in mid-June. And a lot has changed since then with COVID-19 infections spiking again in several states. That could have a seismic impact on several important sectors of the economy just ahead.
To understand why the number of permanent job losses continues to increase, we need to go back to a Labor Department (DOL) issue when the DOL admitted it did not count millions of Americans who had been furloughed as being unemployed. Instead it classified them as “employed but not at work.”
The DOL just assumed all or most of those workers would be returning to their jobs as soon as the COVID-19 pandemic was under control. Yet as we all know, many of those former jobs are never coming back, and not counting them as unemployed was a “misclassification error,” the Labor Department admitted.
While the DOL has since said it is working on the problem, it has also admitted that the unemployment rate would have been considerably higher in April, May and June if it had counted most of the furloughed workers as unemployed. April’s jobless rate would have been 19.5% instead of the 14.7% reported; May’s jobless rate would have been 16.3% instead of 13.3%; and June would have been 12.0% instead of 11.1% reported last Friday.
The DOL says it is addressing the misclassification error by gradually decreasing the number of “temporary” job losses and increasing the number of job losses classified as “permanent.” That sounds well and good until you read in last Thursday’s unemployment report that the DOL still considers 78.6% of all jobs lost in the last four months are temporary.
The DOL is still way too optimistic about the number of job losses that will be coming back.
And the increase in permanent job losses could be significant, almost certainly if the current spike in COVID-19 infections continues to surge or even plateaus at the current level. This will determine whether we remain in a deep recession or begin to see a recovery.
Most forecasters seem to believe the last two better than expected jobs reports mean we’ve at least turned the corner on the recession if not recovered entirely. But if you look beneath the headline jobs numbers, you find we’re nowhere near out of this recession.
To understand why the number of permanent job losses continues to increase, we need to go back to a Labor Department (DOL) issue when the DOL admitted it did not count millions of Americans who had been furloughed as being unemployed. Instead it classified them as “employed but not at work.”
The DOL just assumed all or most of those workers would be returning to their jobs as soon as the COVID-19 pandemic was under control. Yet as we all know, many of those former jobs are never coming back, and not counting them as unemployed was a “misclassification error,” the Labor Department admitted.
While the DOL has since said it is working on the problem, it has also admitted that the unemployment rate would have been considerably higher in April, May and June if it had counted most of the furloughed workers as unemployed. April’s jobless rate would have been 19.5% instead of the 14.7% reported; May’s jobless rate would have been 16.3% instead of 13.3%; and June would have been 12.0% instead of 11.1% reported last Friday.
The DOL says it is addressing the misclassification error by gradually decreasing the number of “temporary” job losses and increasing the number of job losses classified as “permanent.” That sounds well and good until you read in last Thursday’s unemployment report that the DOL still considers 78.6% of all jobs lost in the last four months are temporary.
And the increase in permanent job losses could be significant, almost certainly if the current spike in COVID-19 infections continues to surge or even plateaus at the current level. This will determine whether we remain in a deep recession or begin to see a recovery.
Most forecasters seem to believe the last two better than expected jobs reports mean we’ve at least turned the corner on the recession if not recovered entirely. But if you look beneath the headline jobs numbers, you find we’re nowhere near out of this recession.
Monday, July 6, 2020
Subscribe to:
Posts (Atom)
-
After reading (and attempting the solutions offered in some) several articles about SQL and CAGR, I have reached the conclusion that none o...
-
By Equifax Business, technology, environmental and economic changes are a part of life, and they are coming faster all the time. All of thes...
-
The Texas Senate on Thursday approved a $500 million school choice bill mostly along party lines after hours of passionate debate. It will n...
