Before You Click On The "Read More" Link,
Please Only Do So If You Are Over 21 Years Old.
If You are Easily Upset, Triggered Or Offended, This Is Not The Place For You.
Please Leave Silently Into The Night......
Friday, August 9, 2019
The 90 Miles Mystery Box: Episode #708
You have come across a mystery box. But what is inside?
It could be literally anything from the serene to the horrific,
from the beautiful to the repugnant,
from the mysterious to the familiar.
If you decide to open it, you could be disappointed,
you could be inspired, you could be appalled.
This is not for the faint of heart or the easily offended.
You have been warned.
Thursday, August 8, 2019
Eight Reasons The EU Will Suffer Far More Than UK From Brexit
The EU would be wise to make a deal with the UK. It will get clobbered in the event of no deal.
Conventional wisdom says the UK will get hit harder than the EU in the event of a no deal Brexit. Conventional wisdom is wrong.
Here are eight reasons the EU will suffer more in both the short and long term.
The UK can and likely will slash corporate tax rates. A lower corporate tax rate will mitigate much of the profit damage suffered by UK corporations in the event of no deal.
Note that one of the EU's biggest complaints against Ireland now is the "unfair" corporate tax structure of Ireland.
A falling currency is good for exporters and bad for importers. The British Pound has been falling in anticipation of Brexit.
Reason 3: Balance of Trade
In the event of no deal, WTO tariffs kick unless the EU offers to work out a trade deal. Under WTO rules, the EU could do that and rules allow a lengthy 10 years to get it done. The EU should agree to do that, but with animosity rising, it probably won't.
In a rising tariff setup, exporters will suffer far more than importers. Germany has an enormous trade surplus with the UK.
Angela Merkel is very concerned about German exports as well she should be.
Throw in the increasing chance of Trump putting tariffs on German cars and the EU will get crucified. A very severe German recession is in the cards and the EU faces a double whammy of Brexit plus Trump.
Note that a falling currency will mitigate some of the Tariff damage on UK exporters while compounding the problems for the EU.
Angela Merkel is very concerned about German exports as well she should be.
Throw in the increasing chance of Trump putting tariffs on German cars and the EU will get crucified. A very severe German recession is in the cards and the EU faces a double whammy of Brexit plus Trump.
Note that a falling currency will mitigate some of the Tariff damage on UK exporters while compounding the problems for the EU.
4: Fishing Rights
In Brexit, the UK halts all EU fishing rights. EU fishermen will get clobbered.
Reason 5: Trade Deals
In Brexit, the UK halts all EU fishing rights. EU fishermen will get clobbered.
Reason 5: Trade Deals
Free Book: The Western Front - Part 1
Fueled by crushing economic times and unemployment, as well as a malevolent, violent, (Occupy Wall Street type) political organization, there are riots and food lines in major cities and urban areas throughout the United States.
Texas, nearly abandoned by the Federal Government for insisting on their state's rights, has become a further battleground as drug cartels from Mexico have pushed the border northward a hundred miles.
Relying on their own wits, moral courage, and belief in God, a group of well-defined characters struggle to survive amidst the chaos.
https://www.amazon.com/dp/B008ELAZJ8
Texas, nearly abandoned by the Federal Government for insisting on their state's rights, has become a further battleground as drug cartels from Mexico have pushed the border northward a hundred miles.
Relying on their own wits, moral courage, and belief in God, a group of well-defined characters struggle to survive amidst the chaos.
https://www.amazon.com/dp/B008ELAZJ8
The Senate Ups Judicial Confirmations Despite Democrats’ Obstruction
The Senate adjourned for the August recess last week, but not before confirming another 13 judges to the U.S. District Court.
Now is a good time to evaluate what the Senate has accomplished with respect to President Donald Trump’s judicial nominees. The Heritage Foundation’s Judicial Appointment Tracker shows some of the good news, as well as the bad.
The Senate has confirmed a total of 146 judges to life-tenured federal courts since Trump took office, which is on par with previous presidents. This includes 75% of the nominees Trump has sent to the Senate, a figure that until recently lagged behind past presidents.
This shows that the Senate has picked up the confirmation pace in the last few months.
In fact, during the period May through July, the Senate confirmed judges in the double digits for three consecutive months—only the second time the Senate has achieved that in history.
That was possible because Republicans in April changed part of Senate Rule 22 to eliminate one of the Democrats’ obstruction tactics. Even when the Senate votes to invoke cloture, or end...
It's All Fun And Games Until Somebody Loses A Child....
Gasoline Prices Under the Green New Deal Would Reach $13 per Gallon
Many of the Democrats running for President in 2020 support the Green New Deal that was introduced by Representative Alexandra Ocasio-Cortez of New York and Senator Markey of Massachusetts. The Green New Deal, however, would require a $10 tax increase on a single gallon of gas, according to a study by the CO2 Coalition. Key to the Green New Deal is the goal of eliminating gasoline-powered vehicles in favor of electric vehicles. But in order to make electric cars desirable to consumers gasoline prices would have to increase to $13 per gallon. Such a tax would undoubtedly harm consumers and the U.S. economy.
CO2 Coalition Study
The CO2 Coalition study entitled “The Social Cost of Carbon and Carbon Taxes” examines the social cost of carbon (SCC), which is an estimate of the discounted future costs to the world economy due to the atmospheric warming caused by a metric ton of carbon dioxide emissions, and the level of carbon taxes needed to encourage a major change in technology. To make decisions in the energy sector, the Obama administration established its own social cost of carbon. The Obama administration’s decision to look at costs to the world economy was contrary to official U.S. policy at the time because those estimates were supposed to be made only on the basis of the U.S. economy. This deviation allowed a much higher predicted cost of carbon than if they had followed protocol. The SCC used by the Obama administration was $42 per metric ton, while the SCC used by the Trump administration in regulatory rulemaking has been below $10.
Carbon dioxide is a benign gas and is the byproduct of the conversion of fossil fuels into energy. There are many natural sources of carbon dioxide, which account for about 96 percent of annual contributions to the atmosphere. A gasoline-powered car emits about a metric ton of carbon dioxide every 2,500 miles. The SCC is often suggested as the logical starting point for a “carbon tax” to encourage the use of alternative sources of energy, such as transitioning from gasoline-powered vehicles to electric vehicles.
The CO2 Coalition, as well as others, found that the government’s SCC is so sensitive to input assumptions that small and reasonable variations can produce almost any carbon tax. As a result, it is not a suitable tool for guiding public policy, including taxes on energy.
The Cost of Transitioning to Electric Vehicles
The authors of the study find that a carbon tax of about $1,000 per metric ton of carbon dioxide or roughly $10 per gallon of gasoline would be needed for electric cars to compete with conventional ICE vehicles based on the full cost of ownership and operation of the vehicle. They estimate that it costs about $2,700 more per year to use an electric car instead of a conventional car, which would save about 2,700 kilograms of carbon dioxide. As a result, each metric ton of carbon dioxide not emitted costs about $1,000.
A $10 carbon tax on gasoline added to today’s gasoline price of about $3 per gallon would make gasoline cost about $13 per gallon at the pump. Note that that price is two to three times what...
The authors of the study find that a carbon tax of about $1,000 per metric ton of carbon dioxide or roughly $10 per gallon of gasoline would be needed for electric cars to compete with conventional ICE vehicles based on the full cost of ownership and operation of the vehicle. They estimate that it costs about $2,700 more per year to use an electric car instead of a conventional car, which would save about 2,700 kilograms of carbon dioxide. As a result, each metric ton of carbon dioxide not emitted costs about $1,000.
A $10 carbon tax on gasoline added to today’s gasoline price of about $3 per gallon would make gasoline cost about $13 per gallon at the pump. Note that that price is two to three times what...
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