Category Archives: Economics

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Has your income increased 58.39% since November of 2020? Gasoline prices have increased that much!

With Thanksgiving just a week away, many people have their minds on travel plans, to visit extended family a long way away. Fortunately for us, Thanksgiving travel means a whopping 18 miles, to my sister’s house.

Screen capture by D R Pico, November 16, 2023.

Stephanie Abrams of The Weather Channel gave us an interesting map of fuel prices across the fruited plain, and it shows just what you’d expect: in states where the government wants a deeper bite into your wallet, it’s going to cost you more to visit the relatives!

Here in the Bluegrass State, the average price as shown by the American Automobile Association is $3.037 per gallon, though the station closest to me has $2.959 per gallon for regular posted. I pay close attention to Pennsylvania, where we used to live, and the average price for regular is currently $3.607 per gallon, 57¢ higher than in Kentucky.

Kentucky is right in the middle when it comes to state taxes on gasoline, 26th in the nation at 30.10¢ per gallon, while Pennsylvania is third, charging 62.20¢ per gallon. As you’d obviously guess, the Pyrite State, California, tops the list, taxing its people.

Interestingly, Illinois, which has the second highest tax rate on fuel, at 66.5¢ per gallon, shares a birder with Missouri, with the second lowest, 17.47¢. Continue reading →

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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 →

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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 →

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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!

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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 →

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The union-supporting Philadelphia Inquirer is appalled that building trades unions are mostly white Don't complain that the unions are doing the things which benefit their members and members' families while concomitantly giving that power to the unions in the first place!

A man with whom I worked in 1987-88, who owned his own plumbing company, once told me how he made so much money. It was because he was willing to stick his hands into other people’s [insert slang term for feces here]. My 5’0″ tall wife used to be a nursing assistant, and is now a registered nurse, so she has had to be willing to do the same thing, albeit not in clearing out plumbing lines.

So, I had to laugh when I saw this main editorial in The Philadelphia Inquirer:

Diversifying the building trades would be a win for Philadelphia | Editorial

Likely mayor Cherelle Parker and union chief Ryan Boyer must work together to open up good-paying jobs long denied to people of color.

by The Editorial Board | Saturday, September 2, 2023 | 5:45 AM EDT

When Labor Day 1963 was celebrated, most of organized labor in America was on the right side of history as a firm ally in the civil rights movement. A few days earlier, unions had been an important part of the broad coalition that made possible the March on Washington for Jobs and Freedom, organized by the Rev. Dr. Martin Luther King Jr.

I will admit to being wryly amused that the editors of the Inquirer chose to make this editorial available to paid subscribers only, since that is going to limit its message to people who are already making enough money to be able to afford the $285.48 I waste spend every year to get the newspaper in digital form. $285.48? That’s a week’s worth of groceries for many families, and the very families that the newspaper is saying should have better jobs are the ones who can’t spend extra money on the paper! Continue reading →

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Killadelphia: The area “was littered with shell casings.”

If bullets fly in Kensington, is it really news?

700 block of East Madison Street. Photo via Google Maps, August 2019. Click to enlarge.

Kensington and Independence Mall-area shootings leave two dead, three wounded

The Kensington shootings occurred in an area long burdened by gun violence.

by Anthony R Wood | Saturday, August 26, 2023 | 11:07 PM EDT

A 39-year-old man was shot to death and two others were critically wounded late Saturday afternoon in a triple shooting in Kensington, police said.Several hours later, police said, a double shooting occurred in the Independence Mall area, leaving one man dead and another wounded.

The first shooting occurred just before 5 p.m. in the 700 block of East Madison Street, not far from the intersection of Kensington and Allegheny Avenues, in an area that has been more burdened by gun violence than any other in the city.

The 700 block of East Madison is a racially-integrated, semi-dilapidated rowhouse street, with several homes in which the owners have literally put themselves in jail, adding security bars to keep people off of their front porches. Extremely narrow, cars are shown parked entirely on the sidewalk on the left-hand side of the street, as the one-way traffic flows, and partially on the sidewalk on the right-hand side.

A check of the real estate site Zillow shows that 711 East Madison is for sale, for a list price of $59,900, a 750 ft² home built in 1920, and being sold “as is.” No photos of the inside are available. Zillow’s map shows virtually every home in the neighborhood that is listed for sale is listed for under six digits. Continue reading →

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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.
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Dumb as a box of rocks

Were intelligence indicated by a light, there is a good chance that Dylan Mulvaney would be represented by a 15-watt refrigerator bulb. The backlash against Bud Light for using Mr Mulvaney in any form resulted in a customer backlash and boycott that not only hasn’t faded, but seems to be gaining steam three months after the incident. Executives Alissa Heinerscheid and Daniel Blake, initially reported to have taken ‘leaves of absence,’ have reportedly been terminated.

Transgender Influencer Speaks Out After Backlash Against Bud Light

Dylan Mulvaney has faced stalking and personal attacks since featuring Bud Light on her (sic) social media in April, she (sic) said, adding that the beer maker did not contact her (sic) in light of the hostility.

by John Yoon | Thursday, June 29, 2023 | 6:49 PM EDT

A transgender influencer whose social media promotion of Bud Light drew attacks from conservatives and a boycott of the brand spoke directly about the controversy for the first time on Thursday, saying that she (sic) had been bullied and that the beer maker had failed to contact her (sic) in light of the hostility.

Since April, when the influencer, Dylan Mulvaney, featured Bud Light in an Instagram video, she (sic) has faced stalking and personal attacks, she (sic) said in videos she (sic) posted on social media.

“What transpired from that video was more bullying and transphobia than I could have ever imagined,” Ms. (sic) Mulvaney, 26, said. “I’ve been followed, and I have felt a loneliness that I wouldn’t wish on anyone.”

Throughout the controversy, she (sic) continued, Bud Light has not reached out to her (sic). She (sic) was scared to leave her (sic) home while the company failed to stand by her (sic), she (sic) said.

“I was waiting for the brand to reach out to me, but they never did,” she (sic) said. “For a company to hire a trans person and then not publicly stand by them is worse, in my opinion, than not hiring a trans person at all.”

As per our Stylebook, The First Street Journal does not change the direct quotations of others. And while we realize that many professional media organizations specify using the names and pronouns that the ‘transgendered’ claim for themselves, the use of fifteen separate pronouns plus a feminine honorific to refer to Mr Mulvaney, in the subtitle and five short paragraphs, just 191 words of story text plus 34 words of the subtitle, 7.11% of the total words in the story, seems so excessive in normal prose that we believed we needed to note each erroneous usage.

As for Mr Mulvaney’s complaint that no one at Anheuser-Busch BUD: (%) has “reached out” to him, he, and really anyone brighter than the aforementioned 15-watt refrigerator bulb, ought to realize that he’s simply toxic. Who at Anheuser-Busch, unless directly ordered to by CEO Brendan Whitworth — who has been doing his best to isolate himself from the decisions of his minions — would contact Mr Mulvaney in any way, after seeing what happened to Mr Blake and Mrs Heinerscheid? Anything that anyone from the company said to Mr Mulvaney would be reported to the media by him, possibly with a recording. If it was sympathetic to Mr Mulvaney and his plight, such would be used against the company yet again, potentially costing Bud Light even more sales. If it was of the “Get lost and stay lost” variety, it would also be used against the company, to show that they were just [insert plural slang term for the rectum here]. Any contact with Mr Mulvaney is a lose/lose proposition for Anheuser-Busch at this point. And it would be a Career Limiting Move for anyone to do unless so directed by Mr Whitworth.

Calls for a boycott followed, fueled in part by those who had previously attacked the transgender community. One of the most prominent voices included the musician Kid Rock, who posted a video of himself shooting a stack of Bud Light cases.

Bud Light’s sales plummeted. Since then, two of the company’s marketing executives have gone on leave. The company also said in May that it would focus marketing campaigns on sports and music. This month, Bud Light was dethroned as the nation’s top-selling beer. The brand is still struggling to win back customers.

Bud Light has been criticized by some members of the L.G.B.T.Q. community for its tepid response to the backlash.

But the conservative outburst has spread to brand partnerships that other companies have struck with transgender people. Like Bud Light, the retail company Target shifted its marketing because of opposition to the company’s inclusion of L.G.B.T.Q. communities. The country singer Garth Brooks was criticized when he said at a music event that his new bar in Nashville would serve many types of beer, including Bud Light.

Simply put, it doesn’t matter what the #woke think. Not everyone is ‘woke,’ and when a lot of your customers don’t go along with the far-left ideology, leave politics out of your advertising, or those customers will leave dollars out of your pocket.

“Supporting trans people shouldn’t be political,” she (sic) said. “There should be nothing controversial or divisive about working with us.”

Sorry, but regardless of how Mr Mulvaney thinks things should be, ‘transgenderism’ is controversial and divisive. While Hahvahd educated Mrs Heinerscheid wasn’t as bright as that 15-watt bulb, almost everyone else can see that it is.