Category: Economics (Page 1 of 6)

More than two-thirds of NATO countries have paid their dues.

AP NATO Defense Spending

A record 23 of NATO’s 32 member nations are hitting the Western military alliance’s defense spending target this year, NATO Secretary-General Jens Stoltenberg said Monday, as Russia’s war in Ukraine has raised the threat of expanding conflict in Europe.

Trump doesn’t get enough credit for calling bullshit on NATO.  In 2016, Trump made it clear that if member countries didn’t spend 2% of GDP for defense, the US may not be as supportive.  The corporate media, progressives and anti-Trumpers cried about his incivility and lack of decorum.

In 2017, when Trump took office, only 4 countries were fully paid up.

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Sparky will eat all of the crickets.

 

UC Riverside: Good grub

Well, Sparky might eat crickets, but I wouldn’t ask him to.

More than 2 billion people regularly eat insects — on purpose. They’re a great source of protein for communities around the world and some are considered delicacies reserved for special occasions. And it’s entirely possible that eating bugs could become more common in the U.S. too.

This topic comes up regularly.  The 2 billion people who regularly eat insects on purpose, do so because they are poor.  This only becomes common in America if we have to repay our federal debt.  That’s currently running at $100,000 per person.  Imagine if the USDA changed the Supplemental Nutrition Assistance Program to just provide poor people with a bunch of crickets.  Democrats would only go for that if White men were the only people on food stamps.  At least give them some chickens to turn the crickets into eggs and meat.

Sparky and I aren’t poor, so he isn’t going to be eating crickets and meal worms, but why isn’t that ever suggested?

Pedigree dry dog food is a third the price of Blue Buffalo.  Sparky eats too much, but that still isn’t very much.  Getting the good stuff costs an extra twenty bucks per month.  The first ingredient in Pedigree is corn, the second is unspecified meat and bone meal.  The bag says “Grilled steak & Vegetable Flavor”.  Natural grilled steak flavor is the 15th ingredient. 

In the US, $16 billion dollars is spent on dog food.  Dogs need protein.  Crickets and meal worms are an efficient source of protein.  Why do the articles never suggest adding bugs to dog food?  If insects are considered to be meat, then they could already be in there.  Crickets wouldn’t even be in the top 10 list of disgusting things Sparky puts in his mouth.  He ate a stink bug once, and instantly regretted it.

Jaguar is ruining it’s brand.

Jaguar ad implores the audience to “live vivid”. 

More like livid.  That’s what Jaguar owners, car guys and British people are.  Livid, as in furious, angry or enraged. 

Livid also means “darkish, purple color” or black and blue, like a livid bruise.  Which is what Jaguar will be left with after nobody buys the new models.  To make it worse, Jaguar is pausing their manufacturing to retool to build the new EV models. This is the new Jaguar concept car.

The EV market is rough.  Tesla sells half of all EV cars, with customers generally preferring hybrid cars to avoid the problems that come with a battery-powered car.

Jaguar is owned by Tata Motors.  Tata is a large, diversified Indian company.  Tata bought Jaguar Land Rover (JLR) from Ford for $2.3 billion in 2008.  JLR has performed well for Tata, but with this Jaguar re-branding, that may change.  Land Rovers sell well, and if that brand isn’t ruined, Tata can survive the death of Jaguar.

Here is the Jaguar ad that will kill the brand.

The good old days are gone unless America stops screwing around.

NYT: Manufacturing isn’t coming back.

NYT: Manufacturing isn’t coming back.

Both Donald Trump and Kamala Harris are vowing to engineer a manufacturing renaissance. Such promises evoke 1950s-era memories of strong communities full of ordinary Americans, many without college degrees, earning attractive pay and benefits for their hard work.

The author believes the US cannot get back to the fully functioning country we had in the 1950’s.  That is a widely held opinion, so talking about this article is as good as any other.

Manufacturing bottomed out at around 10 percent of nonfarm workers by 2019. The numbers employed in manufacturing started to recover under President Biden and may continue to rebound.

The author shows her bias.  If the bottom was in 2019, then it started to recover after that.  Biden took office in 2021, so it wasn’t his policies that turned things around.

While women and immigrants helped offset the slowing growth of the native-born population, it hasn’t been enough: Two-thirds of respondents to a National Association of Manufacturing survey this past spring said that their biggest challenge was attracting and retaining employees.

Attracting and retaining employees is simple.  Pay more and improve the working conditions.

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WSJ: Boeing machinists are on strike.

WSJ: Boeing workers reject contract.

WSJ: Boeing workers reject contract.

New teachers coming in face a bunch of HR paperwork and a visit from a teachers union official.  At Normandy and North Royalton, I declined to join the union.  In both cases, the union official was curious, courteous and reasonable.  I had a collegial relationship with both through out my career.

Public sector unions are a sham.  The union backs a school board member, the member get elected, the union and board negotiate a contract, and everyone goes to the district residents to ask for more money.

Private sector unions don’t have that issue.  As an engineer at Caterpillar, I spent quite a bit of time in Caterpillar and Chrysler manufacturing plants.  Those unions have different problems, but it isn’t an ethical issue.  Industrial unions are prone to being unreasonable.

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The invasion of Springfield

WE: Immigration in Springfield Ohio

This article is like the rest of the news reports that are presented if “Haitian immigrants Springfield Ohio” is Googled.  All the articles emphasize that Haitians are not eating cats and dogs, or killing geese and ducks.  The residents are being pressured into making enthusiastic statements about the Haitian immigrants or get accused of being a racist.

Nobody asks about life in Springfield.

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WSJ: Go Woke, Go Broke, but not for Ben and Jerry.

WSJ: Go Woke, Go Broke. Ben and Jerry’s

WSJ: Go Woke, Go Broke. Ben and Jerry’s

Ben Cohen and Jerry Greenfield are about as well known for their progressive politics as they are for quirky ice cream flavors like Chunky Monkey and Phish Food.

Their experiment in melding business with social justice for years seemed like a model to which many in the corporate world were warming up. And then attitudes cooled.

Ben and Jerry are old people who don’t realize the world has changed.  When they started making ice cream, crunchy progressives wanted to save the whales, recycle and wear hemp clothing. 

Ben and Jerry didn’t notice that modern progressives are antisemitic, despise law and order, and insist on libraries bringing in deviant sex clowns to read queerotic porn to children.

I’d like to believe that the corporate world is less interested in pushing a divisive progressive agenda.

NYT: Financial Independence Retire Early

NYT: Retiring Early

NYT: Retiring Early

Life after early retirement: the elephant in the room. What to do after the cruises, the skydiving, the teetering stack of books on the night stand? The main danger of FIRE is that you might be running hard away from something rather than toward it — that you’re propelled only by the too-nebulous idea of escape. And then, even for those who lay out a clear road map for decades of nirvana, the loneliness can eat at you.

FIRE means Financial Independence Retire Early.

The article is helpful for people who don’t understand money.  Life works better if you understand yourself.

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