This is what Obama means when he wants more government

Shortages, economic crisis make Venezuela a nation of lines

Tortuous lines have been commonplace for a year or so, following the collapse in oil prices that helped trigger Venezuela’s economic free-fall.
But there is widespread consensus among scores interviewed that the lines are getting longer and that essential products more scarce, further testing Venezuelans’ collective patience.
“We need a change. We can’t go on like this,” said Andres Salazar, 58, a construction worker who had been in line since 5 a.m. outside a supermarket, and still hadn’t made it inside more than seven hours later.
“How long can we take this?” asked a glum Salazar, who used his day off to purchase some basic goods.
The shortages have eroded support for the socialist government of President Nicolas Maduro, whose party lost control of the national legislature in December elections.
 Lines are not a problem at  gas stations, where motorists fill their tanks with subsidized fuel for the equivalent of less than 1 U.S. dollar, among the cheapest prices in the world, despite recent hikes.
The poor and working classes, backbone of support for the late President Hugo Chavez, are suffering most. Well-off Venezuelans with access to U.S. dollars can afford free-market prices charged by unregulated small shops or rampant black-marketers known as bachaqueros.
But with the minimum wage at the equivalent of about $30 a month, most residents have no choice but to brave the lines in the hope of purchasing foodstuffs and other essentials at government-controlled prices.
National guardsmen, rifles slung on their shoulders, and police are often deployed to prevent violence or incidents of line-jumping. Authorities limit purchases of basic items — nearly 4.5 pounds of pasta or rice per customer for instance — in a bid to restrict hoarding.
People are assigned certain days to shop based on the numbers on their government-issued IDs.
Rampant corruption in the scattered distribution network means price-controlled items are rerouted to the black market or purchased by bachaqueros, who resell them at marked-up prices.

Here is another report in which the current socialist rat takes all the same actions that Obama does, The same packing of the courts with ideologues, creating ing extra-legal laws, and supporting protesters with government funds.  Obama bankrupted  Illinois, and Illinois will be like Detroit and  Caracus soon.

Since Maduro was elected by the narrowest of margins to succeed Hugo Chávez three years ago, Venezuela’s sputtering and debt-ridden economy has been in steep decline. Plunging oil prices and production compounded the government’s woes. The regime’s international credibility has been devastated by authoritative reports in U.S. and European dailies implicating then National Assembly president Diosdado Cabello and other regime leaders in drug trafficking and money laundering. Last November, the arrest of Maduro’s stepson on cocaine smuggling charges in the United States scandalized Venezuelans. That December, Maduro’s destructive economic policies, political repression, and insecurity touched off a political avalanche, garnering the opposition two-thirds of the seats in national legislative elections.
Maduro’s response was to pack the supreme court with cronies who nullified every act of the assembly—including an amnesty of political prisoners. Electoral authorities are doing Maduro’s bidding by stalling a “revocatory referendum” that, if held this year, would allow voters to oust the president and elect a replacement.
Were it not for the dramatic humanitarian crisis, Maduro might be able to escape responsibility for this power grab. However, the imminent economic collapse and fear of widespread political violence has led the region’s chief diplomat, Luis Almagro, Secretary General of the Organization of American States, to call an urgent meeting to press regional governments to respond to the crisis.

When Jerry cheated on CapnTrade

CalWatch: In yet another blow to California’s besieged bullet train, revenues from this year’s cap-and-trade carbon credit auction fell drastically below the state’s goals, triggering a selloff that left analysts unsure of the system’s long-term viability.

“The results of last week’s quarterly auction were posted and revealed that instead of the $500-plus million expected from the sale of state-owned allowances, the state will get only about $10 million, less than 2 percent,” the Sacramento Bee reported. 

“The poor results confirmed reports circulating in financial circles that the cap-and-trade program has begun to stumble. February’s auction resulted in some allowances being left unsold — the first time that had happened. Afterward, there was a brisk trade in the secondary market as speculators began dumping their holdings due to uncertainty about the future of the program, which may expire in 2020.”

Officials and activists swiftly sought to downplay the damage. “Over the long-term allowances will be needed, and so the allowances that will be offered through the auction will need to be purchased,” said Ross Brown of the Legislative Analyst’s Office. “But in the short-term it’s hard to know and it depends on the underlying supply and demand.” From an environmentalist standpoint, meanwhile, “it’s important to remember that […] it’s the declining cap — not the price or number of allowances sold at auction — that drives emissions reductions,” wrote Alex Jackson at the National Resources Defense Council. “That is the purpose of the program, not raising revenue.” But with 2020 looming, Jackson allowed, the one-two punch against high-speed rail and cap-and-trade have cast doubt on California’s strategy of fusing infrastructure and environmentalism into a single economic policy.

California cannot spend CapnTrade money on energy inefficient projects, which is the High peed Rail.  It ios also Jerry Brown using CapnTrade to stuff UC Pensions,   Jerry's policies are fraudulant and we all know it out here, and we start shutting down businesses when Jerry pulls the con.

California does not do infrastructure

CalWatch:: Falling short even of some critics’ expectations, California’s beleaguered high-speed rail was dealt another blow to its credibility as the state’s biggest and most ambitious infrastructure project, with news emerging that the federal government signed off on a massive reschedule that would push back construction by four additional years. 

So we have ten years  of horse manure. 

California has peaked for the business cycle

So says Jerry Brown who projects there will be no state surplus.

Income tax revenue came in $1.2 billion lower for April, state’s biggest tax month
Democratic governor urges brake on new spending
Legislature faces June 15 deadline to pass budget

California unemploytment rate now starts to climb as we see the pattern:

Read more here: http://www.sacbee.com/news/politics-government/capitol-alert/article77455677.html#storylink=cpy

And we see that once California peaks,then we have a recession, except in 1981  when Texas fouled up in the savings and loan fiasco.

We should be hoping for a 2001 style recession, Bubba;s recession.

Everyone worried about Chicago violence

CHICAGO — During Memorial Day weekend, this city reopens its Lake Michigan beaches, regular fireworks displays start at Navy Pier, and the downtown streets and spruced-up Riverwalk are crowded with tourists.

But the holiday weekend is often seen here as the start of heightened violence as well. That has been particularly worrying this year to community leaders and city officials, as they grapple with a rise in gun violence that has traumatized some neighborhoods and left city officials searching for new ways to subdue street crime.

“If something doesn’t change, if we don’t get jobs for these kids, if we don’t change the economic situation, I’m worried that we could be looking at a blood bath,” said the Rev. Corey Brooks, a pastor on the city’s South Side, a mostly African-American area where some of the shootings have been concentrated. “If something doesn’t happen, I fear that we’re potentially looking at one of the worst summers we’ve ever had.”

As of Friday morning, homicides in Chicago were up 52 percent in 2016, compared with the same period a year ago, and shootings had increased by 50 percent, though the pace of violence had slowed in recent weeks, the police said. Only five months into the year, at least 233 people had been killed.

Officials are struggling with the problem and are using a range of strategies as the murder rate in Chicago, the nation’s third-largest city, outpaces that of New York and Los Angeles.

So explain the Dem public sector model.  Why does it always result in high levels of black on black violence.   Isn't Chicago following the path of Detroit and New Orleans? 

This is high school stuff

Impoverished children with access to food stamps become healthier and wealthier adults

An astounding discovery by a bunch of economists, Children who eat well do better.  How did the human race survive a million years and not know this!!

These authors offer nothing to explain, which children, How do children get their food allocated.  My guess is that the typical two period mom parent would read this and set up an improved diet for her children, except she/he already knew his by the age of 6.

Federal spending multipliers suck says Larry Summers

A lesson on infrastructure from the Anderson Bridge fiasco


By Larry Summers

SOMETIMES SMALL stories capture large truths. So it is with the fiasco that is the repair of the Anderson Memorial Bridge, connecting Boston and Harvard Square. Rehabilitation of the 232-foot bridge began in 2012, at an estimated cost of about $20 million; four years later, there is no end date in sight and the cost of the project is mushrooming, to $26.5 million at last count.

This glacial pace of implementation does not reflect the intrinsic technical difficulty of the task. For comparison, the Anderson Bridge itself was originally completed in just 11 months in 1912. General George Patton constructed nearly 40 times as much bridging in six months as American soldiers crossed the Rhine to win World War II. And even modern-day examples abound; for instance, in 2011, 14 bridges in Medford were fixed in just 10 weekends. In contrast, the lapses exposed by the Anderson Bridge project hold key lessons for America’s broader inability to solve its infrastructure problems.

So Larry spends his entire career getting government involved in projects it cannot handle.  The asshole should be brought up on fraud charges, Harvard government administration department shut down, the the entire Berkeley economics staff fired.  Larry and his bonehead pals put these roadblocks in place. 

They are not that dumb

Business Insder: The Block 3F software is part of the 8 million lines of sophisticated software code that underpin the F-35.

In short, if the code fails, the F-35 fails.

No, they are smarter than that. Core flight software should survive any sub-system failure.  There should always be a flyable jet that can get back home.

Xi Jinping is one stupid communist rat

BEIJING — China's attempts to claim a nearly 1.4-million-square-mile swathe of open ocean are without precedent and probably without legal merit, but Beijing continues to assert its right to the economically critical zone — and increasingly puts its claims in military terms.

Speaking to a small group of reporters in Beijing on Thursday, a high-ranking Chinese official made his warning clear: The United States should not provoke China in the South China Sea without expecting retaliation.

Let's cut to the chase.  Xi got  caught up in some brilliant military strategy that put a squad of Chinese soldiers out on on pile of mud, at a fixed location 200 miles out in the ocean.    Every navy in the world sends a boat out for some  humor at one of the stupidest military tricks ever done. Xi, without a military brain as put the chinese military command in a vulnerable pot..

Not looking, not blogging

The horse manure flying for the next two months, too much for my brain, taking time way from it.

Dan Walters, been around the block.

Fresno Bee  reprints Dan Walters:

California’s state and local governments face billions of dollars in debt – the official term is “unfunded liabilities” – for employee pensions not now covered by pension fund assets. But how many billions? It could be about $300 billion, according to new calculations by Stanford University researchers, but that assumes that projections of future investment earnings used by pension trust funds, around 7.5 percent a year, are accurate. Or the debt could be three-plus times as much, close to $1 trillion, if the earnings assumptions track federal treasury notes, according to Pension Tracker, a research project headed by former Democratic Assemblyman Joe Nation. 

Here is the thing. Dan and Jerry are the only California wiseheads that have actual memories of good government.  We no longer have the capacity for self repair.

But it is worse.  The life of a politician in Sacramento consists of covering up your last blunder.  That is a fundamental source of literal insanity.  Forensic detection works grate out here.    When a politician sticks his head up, the web bots immediately publish his last blunder.  Most of them are cowering behind their deswks in Sacramento, in psychotic shock.

The Illinois Dem party is batshit insane

Incompetence Personified: Illinois Has Devolved To One-Off Funding Bills As It Still Can't Pass A Budget

What we have is the Illinois Dem part crawling over the prostrate body of the Illinois economy.  They congregate about the butt area where the crows pick off delicate pieces of shit for consumption.  The National party is running on this policy.  They want ass pickers from across trhe nation picking on our carcasses/

This is crime against humanity.  The UN needs to make the proper rulling, the  send in Vadimir with his troops who will commence to bitch slap the Illinois Dem party.

President Trump!

LOS ANGELES (KABC) --

An exclusive Eyewitness News poll conducted by SurveyUSA shows that in California, 54 percent of registered Republican voters are resigned to vote for Donald Trump and 57 percent of registered Democratic voters are resigned to vote for Hillary Clinton.

The poll, released on Monday, showed that 51 percent of registered voters and 88 percent of strong Democrats have an extremely negative view of Trump, while 14 percent of registered voters and 45 percent of strong Republicans have an extremely positive view of Trump

Trump polls at 54 percent, Ted Cruz at 20 percent and John Kasich at 16 percent.

In the Democratic presidential race in California, Hillary Clinton leads Bernie Sanders 57 percent to 38 percent.

Deranged Mexican teenagers riot in Costa Mesa

CBS: COSTA MESA  (CBLA.com) A political blogger who was injured during an anti-Trump rally in Orange County Thursday spoke out today about the unruly mob.
Cole Bartiromo of Mission Viejo  is also a Trump supporter. He says he became quite fearful when a mob turned on him.
“Suddenly, out of nowhere, ” says Bartiromo, “I felt this thud in the front of my head.”
He needed six stitches to close his head wound.
Bartiromo told Gile he only got in the middle of the melee to document it, not to participate.
Within moments, he says someone knocked off his Trump hat, hurled slurs at him and then slugged him.
“And I started panicking,” Bartiromo says, “Getting scared, thinking ‘When are they going to stop? Are they going to kill me?’ I mean, these aren’t rational people.”

Mexicanos volverse loco no tiene sentido. Lo que es alguien contrata a un mexicano y se vuelven locos en el trabajo? 

Jack Lew to save Chicago Rico

Chicago Tribune: Treasury Secretary Jack Lew warned that Puerto Rico may need a U.S. government bailout if Congress doesn't pass a bill that helps the island restructure its debt and prevents a series of "cascading defaults."
"Unless Congress passes legislation that includes appropriate restructuring and oversight tools, a taxpayer-funded bailout may become the only legislative course available to address an escalating crisis," Lew said in a letter to Congress posted Monday on the Treasury department's website. "Congress must work quickly to resolve the few outstanding issues on the proposed legislation to help Puerto Rico."
"With no orderly restructuring framework to address its debts, Puerto Rico will face a series of cascading defaults," while litigation already under way will intensify and potentially take years to resolve, Lew wrote in the letter to House and Senate leaders.

Puerto De Troit to Los Angeles

'
Puerto Rico is a collapsing economy with government now bankrupt.  Too much debt, they cannot make the interest payments. Los Angeles is due for about a half million Puerto Rico immigrants.

Why did it take on so much debt?Because it could. For decades, Puerto Rico issued bonds to cover budget shortfalls, and investors snapped them up because the bonds are exempt from federal, state, and local taxes in all 50 states. Then in 1996 the territory hit an economic crossroads. Congress ended hefty tax breaks for U.S. manufacturers operating in Puerto Rico, and American firms began shuttering their operations on the island, causing the economy to slump. Instead of restructuring its economy, Puerto Rico doubled its debt over the next 10 years, and Wall Street firms made nearly $1 billion off the fees. Those bond sales let the territory's bloated government — which employs a quarter of the workforce — meet its budgets without laying people off. But the economy remained stagnant, and the government was soon overwhelmed by its vast debt obligations.

Now wait, you say.  These Puerto Ricans would have ended up in Los Angeles anyway.  Los Angeles is the immigrant magnet.   But, and here is a key point, because of the aggregation of debt to a few entities in Puerto Rican government, the marginal migration is slowed and becomes a mass migration later.  This is what happened in Detroit. 

Self adapting statistics and the queuing model, a simple example

Examine the grocery store, where the manager's goal is to balance customer flow and employee flow.  At the check out stand, one or two customers in line is optimum.  Then what iss his the optimum queue for clerks?  There will always be at least one clerk who is not busy and tends to front counter inventory.  The store manager is self adapting, managing an exit rate (clerk queue) with the entrance rate (customer queue).  Thew theory of everything tells us that when the queues are balanced, then one complete, typical sequence of transactions will occur before.  The store manager has encoded the typical transaction sequence the drives his business.  That sequence should be one complete set of unique school girls walking abreast on a Sunday afternoon.

There should be a decomposition theorem, building one complete sequence from others sub-sequences, ask a pro.  I look at it as the decoding/encoding graph, which is self adapting, an adaptive Huffman encoder.

Currency banking

The currency banker is willing to risk new currency in service of price discovery.  The currency banker wants a lower and uer bou d on this float.  It basically runs an adaptive Huffman encoder on member banks deposits / loans balance.  The precision is pricing is pre-announced, so if the precision is 3%, the currency banker promises to generate then decoding tree that  will generate a unique sequence of 32 deposit/loan balance for its member banker, and each member bank will be charged, or receive payment to move their banances into the quantized range.  

So, one or more member banks find a great investment opportunity, and they generate consistent deposit and loan transactions.  Their significance causes the adaptive decoding tree to alter shape, the tree must have 32 leaves. Each member bank wins or loses depending upon how close they are to the new typical sequence. The connection to queuing is the decoding network, it has to be an optimum queued network.

In this system, when more significant inside information is uncovered, less important information is discarded.  This is unlike block chain which supports infinite precision.  The marginal gains por loses are quantization noise.  The mathematicians get this.

Racism in Mexican government

Bloomberg: Corruption in Mexico is not just a legal and moral problem. It is an economic one. The annual cost amounts to 5 percent of gross domestic product, according to one report, which also found that almost half of business owners said officials have sought money in exchange for contracts or business opportunities. Worse, those who are caught have rarely been punished: Only 1.5 percent of corruption cases lodged in Mexico end in conviction. (In Singapore, in contrast, the share is 80 percent.) In fact, many Mexicans say they're more concerned about government corruption than even security and the economy.

Politicians are corrupt in Mexico, robbing Mexicans of their means to make a living.  Racism, Mexicans have no 'safe places'. 

Funcionarios del gobierno mexicano son corruptos y robar a los ciudadanos de México. ¿Dónde están las protestas Latinos?

We're going to need a lot of storks