Category Archives: Business

Posted on by

In Philly, it seems that squatters have more rights than property owners There's a point at which the more moderate Democrats do little more than enable the far left.

We have previously noted how the left in Philadelphia do not respect people’s property rights, and how no one in the city cannot ever be expected to protect property rights. Naturally, The Philadelphia Inquirer would never report on this story, but the New York Post did:

Philadelphia homeowner is forced to pay $1.2K to get squatters out after cops refused to intervene

By Melissa Koenig | Monday, January 8, 2024 | 2:42 PM EST

A Philadelphia homeowner says he was forced to pay squatters who changed the locks and left the property a mess $1,200 to leave after city officials refused to intervene. Continue reading →

Posted on by

SEPTA wants more tax dollars, but just a $1.00 fare increase would wipe out their deficit Shouldn't SEPTA's expenses be paid by SEPTA's riders?

1 dead, 13 injured after 2 SEPTA buses collide at Shelmire Avenue in Philadelphia, July 22, 2023.

The Editorial Board of The Philadelphia Inquirer, in an effort to persuade the state government to provide more money for the Southeast Pennsylvania Transportation Authority, or SEPTA, undermined their own argument with just two sentences:

And for many Pennsylvanians, public transit is simply not part of their daily life. Nor is it for about 45% of Americans, who have no access to public transportation at all.

The obvious question is: why should people who don’t use SEPTA, and don’t even have a chance to use public transportation, see more of the tax dollars they pay go to SEPTA? Continue reading →

Posted on by

St Greta of Thunberg must be appalled! I am wryly amused

Former Democratic presidential nominees Al Gore and John Kerry are surely weeping and wailing and gnashing their teeth at the news, but the sensible among us see this as great! From CNN:

The United States is producing more oil than any country in history

By Matt Egan | Updated 5:00 PM EST | Tuesday, December 19, 2023

As the world grapples with the existential crisis of climate change, environmental activists want President Joe Biden to phase out the oil industry, and Republicans argue he’s already doing that. Meanwhile, the surprising reality is the United States is pumping oil at a blistering pace and is on track to produce more oil than any country has in history.

“The existential crisis of climate change”? So many reporters keep using that word; I do not think it means what they think it means. We may have some issues with which to deal with global warming climate change, but we’re not all going to die.

Remember: human beings are the most adaptable creatures on earth, and we live everywhere, from arctic wastelands to steaming jungles to bone dry deserts, and we have done so even prior to our modern, industrialized society.

The United States is set to produce a global record of 13.3 million barrels per day of crude and condensate during the fourth quarter of this year, according to a report published Tuesday by S&P Global Commodity Insights.

Last month, weekly US oil production hit 13.2 million barrels per day, according to the US Energy Information Administration. That’s just above the Donald Trump-era record of 13.1 million set in early 2020 just before the Covid-19 crisis sent output and prices crashing.

Also read: William Teach, “Gore Effect: Maine Forced To Postpone Vote On Forced EVs Due To Power Outage“

As the world’s largest oil producer, that means more American dollars stay in the United States rather than going to Saudi Arabia or Venezuela, and some money from foreign countries comes to the United States. This enriches American companies and American workers, and that ought to be seen as a good thing for the American people.

The US is exporting roughly the same amounts of crude oil, refined fuels and liquid natural gas as Saudi Arabia and Russia. With the Saudi and Russian collusion, on which we have previously reported, to reduce OPEC’s production to raise prices, American production has helped keep those prices down.

“It’s a reminder that the US is endowed with enormous oil reserves. Our industry should never be underestimated,” said Bob McNally, president of Rapidan Energy Group.

Record-shattering US production is helping to offset aggressive supply cuts meant to support high prices by OPEC+, mainly Saudi Arabia and Russia. Other non-OPEC oil producers including Canada and Brazil are also pumping more oil than ever before. (Brazil is set to join OPEC+ next year.)

Think about what this means. Russia’s economy is dependent upon oil and natural gas exports, and Vladimir Putin wanted to use western Europe’s dependence upon Russia oil and, especially, natural gas as a weapon against NATO countries which are supporting Ukraine with money and military equipment. Without Russian natural gas, a lot of western Europe countries, much of which are at latitudes higher than our lower 48-state border with Canada, the Europeans would have gotten awfully cold during the past two winters, but American production has prevented Russia from being able to effectively utilize their energy weapon.

The climate activists want us to cease oil production, thinking that that will somehow save the world, and perhaps we can eventually develop energy systems which can truly replace oil for energy production, but, right now, that day has not come. And the United States, with its oil, natural gas, and seriously underused coal reserves, has natural resources which can make Americans in general wealthier. The activists just don’t get it: doing what they want would make Americans poorer.

Then again, if liberals actually understood economics, they wouldn’t be liberals anymore.

Posted on by

The media don’t like that deep pockets donors won’t tolerate anti-Semitism! Colleges really hate the fact that they are not somehow "above" the real world, but a part of it

If the questions had been whether calling for the genocide of blacks or the killing of homosexuals, there is no way on earth that university Presidents Liz Magill of Penn, Sally Kornbluth of MIT, or Claudine Gay of Harvard would ever have said that such decisions on violations of rules or codes of conduct would ever depend on the “context” of such speech. Nor would Will Bunch of The Philadelphia Inquirer, be telling us that Dr Magill’s “ouster” at the University of Pennsylvania is an attack on free speech, but a horrible racist who just had to go. And while the newspaper’s Editorial Board have not weighed in on the subject, the selection of articles and OpEd columns in the Inky is certainly on the side of allowing open debate on a question once thought completely settled. Continue reading →

Posted on by

Another Pie-In-The-Sky Green Energy Project Meets Economic Reality

My good friend and occasional blog pinch hitter William Teach of The Pirate’s Cove noted on Wednesday that General Motors is cutting back significantly on its commitment to produce the plug-in electric vehicles the global warming climate emergency activists and Biden Administration have pushed:

After investing billions to adhere to President Joe Biden’s green energy agenda, General Motors (GM) is backtracking on all fronts when it comes to Electric Vehicles (EVs).

As GM was the last of the Big Three to strike a tentative agreement with the United Auto Workers (UAW), the automaker’s green energy dreams — championed by the Biden administration — have come crumbling down. Continue reading →

Posted on by

2 + 2 ≠ 5

Why should the taxpayers be on the hook to pay for other people’s transportation?

The money lines are far down in the story:

The authority projects an annual operating deficit of $240 million beginning next July 1 as the last of its federal pandemic aid is spent, a situation dubbed the “fiscal cliff” that afflicts most transit systems in the United States.

SEPTA and the state’s other public transit agencies are pushing for the legislature to adopt a measure that would give them a greater share of the sales tax to support operations.

Continue reading →

Posted on by

This is what’s wrong with Cracker Barrel!

Laying in bed this morning, I saw this story on my iPad news reader:

‘The over-65 group is particularly value-conscious’: Older Americans are losing their appetite for restaurants such as Cracker Barrel and Olive Garden — here’s what’s keeping them away

by Serah Louis | Thursday, October 12, 2023 | 8:00 AM EDT

Several fast-casual restaurant chains have reported declining foot traffic and sales following the COVID-19 pandemic — especially among their older clientele.

Company representatives at Cracker Barrel CBRL: (%) and Darden Restaurants — owner of Olive Garden and Longhorn Steakhouse — have pointed to increased prices and ongoing health concerns alienating some of their over-65 customers.

“We just have not yet recovered the visits with that group [over 65 years old] to the extent we thought we would, really, since the pandemic,” Cracker Barrel CEO Sandra Cochran said during a September earnings call.

But while some of these eateries have taken these changes in spending in stride by appealing to different demographics, it’s possible that others are being held back by their original consumer base.

Well, Sandra Cochran, net worth $51 million, you need to pay attention to that last quoted paragraph. From further down in the article:

When the chain introduced plant-based breakfast sausage last year in an effort to accommodate more consumers, there was a mix of praise and backlash on social media.

“Stop pushing this woke garbage,” wrote one outraged user in response to a Cracker Barrel Facebook post promoting the new product. “We go to Cracker Barrel for Traditional Values and Traditional Country Cooking… If you want to serve Lefty food, open an alternative store.”

You know, I really don’t care if Cracker Barrel has a “plant-based breakfast sausage,” as long as they have their real breakfast sausage available as well. The far bigger problem is their biscuits and gravy. Southern-style biscuits and gravy uses a sausage gravy, but the restaurant replaced that with their “sawmill” gravy years ago, and it really should be named sawdust gravy, because they removed the sausage and replaced it with some combination of spices which they somehow believed would taste the same.

Well, it doesn’t taste the same, and doesn’t taste even remotely close. Sawdust gravy would be a far more accurate name for the stuff. That’s what you need to fix first! If you want the older customers, the ones you’ve lost since the panicdemic, to return, the best way is through returning to better food!

Posted on by

I love it when a plan comes together . . . and when someone else’s plans fall apart! When people tell you who they are, believe them!

Perhaps my good friend Christine Flowers didn’t get to cancel these people herself, but it does show that while we all have our freedom of speech, other people have a freedom to listen, and some people might not like what you have to say!

Harvard students scramble to take back support for letter attacking Israel as some CEOs look to blacklist them

By Melissa Koenig | Wednesday, October 11, 2023 | 2:34 PM EDT

A flurry of Harvard University students and groups are desperately trying to backtrack on their support of a letter blaming Israel for the mass slaughter of its own people by Hamas terrorists — as some business titans seek to blacklist them from future jobs. Continue reading →

Posted on by

Odd question: will LGBTQ+ population decrease with end of Affirmative Action?

The Wall Street Journal is on top of the trends in business, as you’d expect, and reported that Chief Information Officers are worrying that employee ‘diversity’ — and how I’ve come to hate that word — will decrease following the Supreme Court’s  decision  in Students for Fair Admissions, Inc. v. President and Fellows of Harvard College, declaring what we all knew, that the equal protection clause in the 14th Amendment prohibited Affirmative Action using racial preferences in collegiate admissions.

CIOs Say Affirmative Action Ruling Could Set Back Progress in Tech Diversity

Executives are questioning what a landmark Supreme Court decision on college admissions means for diversity hiring efforts

by Belle Lin | Monday, July 17, 2023 | 7:00 AM EDT

Business technology leaders said that last month’s Supreme Court’s ruling that colleges can’t consider race in admissions policies could have a chilling effect on initiatives aimed at diversifying the information-technology workforce.

The court’s decision is likely to alter the pipeline of diverse graduates entering the job market, they said, and may introduce challenges to companies’ existing hiring and promotion practices.

By removing race from college admission considerations, the pool of tech talent entering the workforce may not only be less diverse, it could also be smaller if underrepresented minorities don’t see the field as a welcoming or viable option, those executive say.

There’s more at the original.

The Court’s decision applied to universities, public and private, that accept federal money, including in the form of student financial aid. However, as Chief Justice John Roberts noted in the Court’s opinion, roughly 60% of colleges and universities admit all applicants. If the pool of graduates from certain technical specialties from Ivy League colleges becomes less diverse — there’s that word again! — then corporations might look at graduates from Middle Tennessee State (Acceptance rate = 87.1%) or Eastern Kentucky (Acceptance rate = 98.3%) or Jacksonville State University of Alabama (Acceptance rate = 76.3%), Robert Stacy McCain’s alma mater. After all, Alissa Heinerscheid proved that being a Hahvahd graduate was no guarantee that stupid decisions wouldn’t be taken!

Then I saw these interesting paragraphs in another Journal article:

The elevation of victimhood over achievement has led many to misrepresent their racial and gender identities in pursuit of advantages in professional and academic positions. Students at selective colleges are identifying as non-heterosexual at rates several times higher than historic or national averages, though University of London political scientist Eric Kaufmann noted that there hasn’t been a corresponding increase in sexual behavior tied to those identities. I’ve heard of parents at elite private high schools using genetic testing services hoping to identify any ethnic heritage that would boost their children’s college applications and of young professionals falsely identifying as bisexual for a career boost.

Racial and gender quotas result in liberals’ willful hypocrisy and convoluted rationalizations when they are confronted with the reality that aptitudes, interests and effort aren’t always evenly distributed among their superficial and shifting politicized racial categories. Liberals have translated their calls for increased diversity into demands that colleges admit and employers hire black and Hispanic applicants in proportion to their group’s share of the U.S. population.

Wait, what? “Students at selective colleges are identifying as non-heterosexual at rates several times higher than historic or national averages” but “there hasn’t been a corresponding increase in sexual behavior tied to those identities”? From the linked report:

  • When we look at homosexual behavior, we find that it has grown much less rapidly than LGBT identification. Men and women under 30 who reported a sexual partner in the last five years dropped from around 96% exclusively heterosexual in the 1990s to 92% exclusively heterosexual in 2021. Whereas in 2008 attitudes and behavior were similar, by 2021 LGBT identification was running at twice the rate of LGBT sexual behavior.
  • The author provides a high-point estimate of an 11-point increase in LGBT identity between 2008 and 2021 among Americans under 30. Of that, around 4 points can be explained by an increase in same-sex behavior. The majority of the increase in LGBT identity can be traced to how those who only engage in heterosexual behavior describe themselves.
  • Very liberal ideology is associated with identifying as LGBT among those with heterosexual behavior, especially women. It seems that an underlying psychological disposition is inclining people with heterosexual behavior to identify both as LGBT and very liberal. The most liberal respondents have moved from 10-15% non-heterosexual identification in 2016 to 33% in 2021. Other ideological groups are more stable.

So, what do we have here? A significant increase in the number of younger people who are also mostly self-identified liberals? Does this mean that these people might be more open to take a walk on the wild side, but mostly haven’t yet, or is it some sort of ‘siding with the oppressed’ help, or could it possibly, just possibly, going the Elizabeth Warren/Rachel Dolezal route of ‘identifying’ with a particular minority for some real or perceived Affirmative Action benefit?

  • Very liberal ideology and LGBT identification are associated with anxiety and depression in young people. Very liberal young Americans are twice as likely as others to experience these problems. 27% of young Americans with anxiety or depression were LGBT in 2021. This relationship appears to have strengthened since 2010.
  • Among young people, mental health problems, liberal ideology, and LGBT identity are strongly correlated. Using factor analysis in two different studies shows that assuming one common variable between all three traits explains 40-50% of the variation.

LOL! I have long believed that “very liberal ideology” is indicative of some sort of mental problem, because, especially with the new #woke[1]From Wikipedia: Woke (/ˈwoʊk/) as a political term of African-American origin refers to a perceived awareness of issues concerning social justice and racial justice. It is derived from … Continue reading left, to be that far left requires a delusional mindset, ignoring the reality that is all around us. As we have previously reported, the areas in Philadelphia which were most seriously impacted by violent crime recently voted for a tougher-on-crime candidate, while the more ‘progressive’ candidates had far greater support in the wealthier, whiter — Philly is very internally segregated — areas.

You can’t pay attention to the news in Philadelphia without realizing that crime is a serious problem, but the anti-police, anti-incarceration leftist candidate won her votes in the areas experiencing far less crime.

There is, at least at the margins, some socialization concerning what is and is not acceptable when it comes to sex. For boys growing up, the idea of fellating another boy, or receiving anal intercourse from such, is strongly reinforced as something which is humiliating, completely unmanly, and just about every other negative connotation that can be put on it. It is at least arguable that forces pushing acceptance of male homosexuality can lessen the effects of the normal socialization, and perhaps some teenaged and twenty-something males might not be quite so averse to trying something, if the right situation arose. Porn has lessened the stigma against female homosexual liaisons.

But if actual homosexual activity is being reported at significantly lower rates than abnormal sexual identification — and let me be explicit here: anything other than strictly heterosexual identification is considered abnormal by me — then there must be some other incentive for people to identify as something other than normal.

  • College students majoring in the social sciences and humanities are about 10 points more LGBT than those in STEM. Meanwhile, 52% of students taking highly political majors such as race or gender studies identify as LGBT, compared to 25% among students overall.

Realistically, what can the incentive be other than politics or some perceived advantage to be gained? And if the perceived advantage would be the shortcuts offered by Affirmative Action, shouldn’t the elimination of Affirmative Action in collegiate admissions reduce the percentage of those claiming abnormal sexual orientations and identities?

References

References
↑1 From Wikipedia:

Woke (/ˈwoʊk/) as a political term of African-American origin refers to a perceived awareness of issues concerning social justice and racial justice. It is derived from the African-American Vernacular English expression “stay woke“, whose grammatical aspect refers to a continuing awareness of these issues.
By the late 2010s, woke had been adopted as a more generic slang term broadly associated with left-wing politics and cultural issues (with the terms woke culture and woke politics also being used). It has been the subject of memes and ironic usage. Its widespread use since 2014 is a result of the Black Lives Matter movement.

I shall confess to sometimes “ironic usage” of the term. To put it bluntly, I think that the ‘woke’ are just boneheadedly stupid.