As expected, legalized marijuana market is struggling with regulation and tax burden. – Part 33.

Source: Legislative Analyst’s Office, California Legislature

As I have long been predicting, the legalized marijuana industry in California is struggling. The illegal market is still dominant. Tax collections are far below projection.

Articles for your consideration today:

  • Legal-marijuana executives report their industry is on verge of collapse.
  • Tax collections fall short of projection.
  • Actual tax collections in state of California.

Previous articles on burdens the state of California has placed on the legalized industry can be found by clicking on the regulation experiment tag.

PJ Media – 12/18/21 – Pot Industry in California on Verge of Collapse –  Entertaining opener:

“… getting the government involved in anything either makes it more expensive for ruins it completely.”

Continue reading “As expected, legalized marijuana market is struggling with regulation and tax burden. – Part 33.”

You cannot turn an economy off, then turn it back on. Here are the results when hubris makes you think you found the magic switch. Part 2.

Modern Cargo container ship giving an idea of the amount of cargo that can be carried. Each of those containers is one semi-load on the freeway. Image courtesy of Adobe Stock.

Seems like most industries have a tangled supply chain. The entire transportation system is sorely distressed.

The elitists in federal and state governments have a staggering level of hubris. They think waving their hands, clicking on their laptops, issuing press releases will make the entire economy bend to their will. What they accomplish is willfully causing disruption in your life and in my life.

Here are merely a few of the recent articles describing the tangled impact of Covid dictats and sundry government policies:

  • Lots of cargo ships are waiting to unload off the California coast.
  • Large port operator expects disruptions to last into 2023.
  • Workers in transportation sector warn of possible system collapse.
  • Chip shortage for carmakers will last into late 2022.

Looks like it might take another 15 or 18 months to untangle the worldwide supply chain.

Wall Street Journal – 8/17/21 – Cargo Ships Are Again Idling Off Jammed Southern California Ports – Back in the middle of August the tally of cargo ships sitting off to coast of California was 37.

A tweet I saw this morning (10/9/21) from someone flying out of Long Beach indicated the individual counted 50 ships waiting to unload.

At around 10,000 containers per ship that is somewhere around 370,000 containers waiting to be unloaded back in the middle of August and is now currently somewhere in the range of half a million containers sitting off the coast.

Article says a few months ago it was only nine. Normally it is zero.

Continue reading “You cannot turn an economy off, then turn it back on. Here are the results when hubris makes you think you found the magic switch. Part 2.”

You cannot turn an economy off, then turn it back on. Here are the results when hubris makes you think you found the magic switch. Part 1.

Random stock outages are still common. Image courtesy of Adobe Stock.

The supply chain in most industries is tangled up somehow somewhere.

The people in federal and state governments with the staggering level of hubris to think they can wave their hands and make the entire economy do their bidding are willfully causing disruption in your life and in my life.

Continue reading “You cannot turn an economy off, then turn it back on. Here are the results when hubris makes you think you found the magic switch. Part 1.”

What is going on around us?

Image courtesy of Adobe Stock.

I am struggling to figure out what’s going on around us in the economy. These are confusing times.

That is why I blog. Digging into news reports and statistics deep enough to write something coherent (hopefully) pushes me towards understanding. At least that’s the concept.

The next several posts I have lined up will explore some economics aspects of this confusing world.

Imagine…results from communism. Every time it has been tried.

Above video is parody of the song “Imagine”, showing the actual results from communism every time it has been ever been tried: empty store shelves, hunger, poverty, repression, political prisons, and death.

I could go into depth on the consequences from adopting communism. In fact, have a very short discussion: Why is it necessary to have a nuclear defense?

To cut the discussion short, just watch the video.

America is Land of the Free, Because of the Brave. My ‘thank you’ to those who made it so.

Heavy bomber crewman, U.S. Army Air Force, World War 2. Photo from Legacy Flight Museum in Rexford, Idaho by James Ulvog.

Our freedom is under rapidly increasing assault by many politicians who think they are kings and queens appointed by divine right instead of having merely won a few more percentage points of the vote than their opponent in the last election.  In the last year public health officials at the federal, state, and county levels who lack self-awareness of how often they beclown themselves have joined in the efforts to shred our liberty.

As a result of these attacks, it is ever more important that on this Memorial Day we remember those who shed all their blood so that we may be free.

A ‘thank you’ from me is so trivial, yet that is all I have.

I will demonstrate my appreciation for freedom purchased by others by exercising freedom.

Yesterday I exercised my freedom of religion. Tomorrow I will exercise my economic freedom, also called pursuit of happiness, by running my business the way I choose.

I have posted variations of the following ideas several times before.  I will continue to make these points routinely.

Continue reading “America is Land of the Free, Because of the Brave. My ‘thank you’ to those who made it so.”

To everyone on active duty today, I often accept a ‘thank you’ on your behalf.

Union Infantry private, U.S. Civil War, 1961-1865. Photo from Legacy Flight Museum in Rexford, Idaho by James Ulvog.

While touring the U.S.S. Midway Museum in San Diego early this month, I wore a “U.S. Air Force” ball cap with various stuff pinned to it, such as the rank I wore, a missile badge (“pocket rocket” for those who know), SAC logo, and a rectangular piece of metal that declares “Combat Crew.”

During the course of walking around, I got lots of glances and several comments of “thank you for your service.”

Also got some joshing comments from the retired Navy guys about them ‘allowing’ me on their ship. Since we were all on the same team back in the day, the kidding was pure fun.

I was on active duty for only four years and that was decades ago. I never got within 3,000 miles of hostile action. (Of course if the flag had gone up, I would have been radioactive dust at 20,000 feet altitude about 40 minutes later.)

As a result, I was uneasy for a long time when someone said “Thanks for your service.”

It took me a few years to get to get comfortable with those comments.

I now graciously and proudly accept those expressions of appreciation from my fellow Americans, but not because of what I did so long ago. 

Continue reading “To everyone on active duty today, I often accept a ‘thank you’ on your behalf.”

Lakota Sioux Code Talker Clarence Wolf Guts. My newest hero.

Navajo code talkers by United States Marine Corps is courtesy of the U.S. Government. These heroes from Navajo reservation were honored on 2/19/10, the 65th anniversary of the battle of Iwo Jima. I was unable to find a picture of Lakota code talkers.

In June 2010 America and the Lakota Sioux people lost a hero.

Clarence Wolf Guts was born and raised on the Rosebud Reservation in the south-central area of South Dakota. During World War II he served as a code talker with other men from the reservation. There were about a dozen code talkers using the Sioux language.

Continue reading “Lakota Sioux Code Talker Clarence Wolf Guts. My newest hero.”

On this Veterans Day, it is fitting and proper to honor the sacrifice of Sergeant Alwyn Cashe.

Sergeant First Class Alwyn Cashe. Photo courtesy of U.S. Army.

While his clothes were on fire after an improved explosive device blew up the vehicle he was riding in, Army Sergeant First Class Alwyn Cashe returned to the burning vehicle, pulling out a soldier, then another, then another.

Ultimately he pulled six Americans and one national translator from the burning vehicle. Did I mention that his clothing was on fire as he removed each of the soldiers?

Sgt. Cashe is credited with saving the lives of six American soldiers. The national translator, working to free his people, died from the attack. Ten American soldiers were injured, seven seriously.

With 2nd and 3rd burns spread over 72% of his body, Sgt. Cashe died from his wounds a few weeks later.

America is so blessed that we keep finding men like Sergeant First Class Alwyn Cashe.

 

He was awarded the Silver Star. It took a while for the chain of command to fully understand the depth of his heroism. He will now finally get an even more appropriate award.

UPI reports on 11/11/20 that the Senate approved awarding Medal of Honor for Sgt. Alwyn Cashe.

Continue reading “On this Veterans Day, it is fitting and proper to honor the sacrifice of Sergeant Alwyn Cashe.”

Surveillance society, peaceful ocean view edition.

Photo by James Ulvog.

Does that photo seem like it is just a peaceful view of the scenic California coast off Point Loma in California with some cool pelicans gliding by?

Well, that it may be, but there is more to it.

Anytime you are in public, you are probably on camera.

Another view of those pelicans:

Photo by James Ulvog.

Continue reading “Surveillance society, peaceful ocean view edition.”

Settled matters outlined in the Declaration of Independence.

John Trumbull: The Declaration of Independence painted by John Trumbull. Photograph by Thomas Cizauskas is in the public domain (Public Domain Mark 1.0)

 

Several statements in the opening of the Declaration of Independence are settled matters. The issues are resolved. They are final.

If those key issues are not final but are instead malleable or alterable or subject to revocation the consequences will be horrible.

A speech by Pres. Calvin Coolidge explained this idea back in the 1920s. Let’s expand the concept of those ideas being resolved issues.

Please consider President Calvin Coolidge’s Speech on the 150th Anniversary of the Declaration of Independence on July 5, 1926.

He lists the three resolved issues:

“Three very definite propositions were set out in its (the Declaration of Independence) preamble regarding the nature of mankind and therefore of government. These were the doctrine that

all men are created equal,

that they are endowed with certain inalienable rights, and that

 therefore the source of the just powers of government must be derived from the consent of the governed.” (emphasis added)

He explained these issues are settled, resolved, final.

We can expand on those ideas. We need to bring them into further fruition. We can dive deeper into their meaning.

Setting them aside or replacing them means we go backwards. Declaring they are no longer true is regression to the ancient past.

More eloquently than I could ever describe, the president said:

“About the Declaration there is a finality that is exceedingly restful. It is often asserted that the world has made a great deal of progress since 1776, that we have had new thoughts and new experiences which have given us a great advance over the people of that day, and that we may therefore very well discard their conclusions for something more modern. But that reasoning can not be applied to this great charter. If all men are created equal, that is final. If they are endowed with inalienable rights, that is final. If governments derive their just powers from the consent of the governed, that is final. No advance, no progress can be made beyond these propositions. If anyone wishes to deny their truth or their soundness, the only direction in which he can proceed historically is not forward, but backward toward the time when there was no equality, no rights of the individual, no rule of the people. Those who wish to proceed in that direction can not lay claim to progress. They are reactionary. Their ideas are not more modern, but more ancient, than those of the Revolutionary fathers.”

Expanding those foundational concepts

Continue reading “Settled matters outlined in the Declaration of Independence.”

New unemployment claims since start of shutdown is about 1 out of 3 people who had a job in February.

Image courtesy of Adobe Stock.

I’ve run out of adjectives to describe the economic mess created by the shutdown.

New unemployment claims for week ending 6/13/20 were 1.508 million, seasonally adjusted, down from revised 1.566 million the previous week.

My tally of data:

  • 45.69 M – seasonally adjusted new claims since the economy was shut down – that is up 4.96 million in three weeks
  •   9.28 M  – new claims for unemployment by people who otherwise aren’t eligible for unemployment – self-employed and independent contractors
  • 54.97 M – total of seasonally adjusted plus independent contractors and self-employed people

Number of new claims for unemployment as percent of February civilian labor force:

Continue reading “New unemployment claims since start of shutdown is about 1 out of 3 people who had a job in February.”

In spite of some preliminary signs of restoration of the First Amendment, there is resistance to the idea.

Image courtesy of Adobe Stock.

California and Minnesota may be taking tiny baby steps to reinstate the First Amendment to the bill of rights, but there are indications here and there of opposition to any such efforts.

This discussion will be posted on several of my blogs.

Excessive focus on the First Amendment is a “suicide pact”

5/23/20 – CNN – Federal appeals court upholds California’s ban on in-person Church services – A three-judge panel of the 9th Circuit Court of Appeals ruled the ban on in-person worship does not violate the First Amendment.

The ruling can be found here.

Astoundingly the ruling stated:

Continue reading “In spite of some preliminary signs of restoration of the First Amendment, there is resistance to the idea.”

New unemployment claims since start of shutdown is equal to about 1 out of 4 people who had a job in February.

If you could take a photograph of the US labor market today, the picture would look something like this. Image courtesy of Adobe Stock.

A useful adjective to describe the devastation we are seeing in the job market escapes me.

New unemployment claims for week ending 5/16/20 were 2.12 million, seasonally adjusted. Nearly as many, 1.19 million who are not otherwise eligible unemployment filed for Pandemic Unemployment Assistance (PUA) in the week.

That’s somewhere around 3.3 million people who lost their job in week 10 of the shutdown.

My tally of data:

  • 40.73M – seasonally adjusted new claims since the economy was put in an induced coma
  • 6.82M – new claims for unemployment by people who otherwise aren’t eligible for unemployment – self-employed and independent contractors
  • 47.55M – total of seasonally adjusted plus independent contractors and self-employed people out of work since shutdown began

Number of new unemployment claims is a tally equal to about one fourth (24.8%) of the civilian labor force in February. Independent contractors and self-employed people who are out of work is now equal to about 4% of the February civilian labor market.

That means about three out of ten people who were in the civilian labor force in February are now out of a job (28.9%).

If you haven’t passed out from the shock of those numbers, Continue reading “New unemployment claims since start of shutdown is equal to about 1 out of 4 people who had a job in February.”

Religious freedom partially reinstated in California and Minnesota.

The First Amendment by Ed Uthman is licensed under CC BY-SA 2.0

The state governments of California and Minnesota have given their permission for people of faith to partially engage in the free exercise of their religious beliefs.

5/25/20 – Daily Bulletin –Newsom: California places of worship can reopen with limited capacity and San Francisco Chronicle – Newsom issues plans for places of worship in California to reopen at limited capacity – Places of worship in the state can begin having in-person worship.

At least that’s what all the headlines say.

Look at the detail for more than 15 seconds and you realize there’s only a fractional restoration of the free exercise clause of the First Amendment, along with the fractional restoration of the right to petition the government for redress of grievances.

Remaining restrictions include:

Continue reading “Religious freedom partially reinstated in California and Minnesota.”