Economy

Changes of fortune

Submitted: Feb 07, 2012
By: 
Badlands Journal editorial board

Viewing Main St. from a coffee shop, say the one next to Bob Hart Square c. 2006, the special characters that stood out on the sidewalk were chunky fellows in designer California casual attire and cellphones glued to their ears as their mouths made real estate deals. Today, looking out the window of a new coffee shop near the Art Kananger Center the special characters on the sidewalk are the homeless pushing babycarts bearing all the person's worldly goods and someone barrelling down the street on a mountain bike spouting off because she's off her medication for Tourette's Syndrome.

Yet so many of the people who made the decisions that turned Merced into the least affordable real estate market in the nation and then into one of the consistently highest per capita foreclosure-rate metro regions in the nation are still doing business at their old stands. They aren't sleek as they were once. In fact, some have aged so badly they can't be easily recognized beyond the confines of their offices and labeled public seats.

But, the chatting classes are expanded because of the arrival of UC Merced, which produces larger numbers of vacuously confident, subsidized students, youth in numbers still insufficient to become a municipal profit center. Alas, the students of UC Merced may never live up to the myth of their eternal prosperity-producing powers during the heyday of the Boom.

Badlands Journal editorial board

1-28-12
Merced Sun-Star

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Pimlico Kid does housing economics again ... wrong

Submitted: Feb 03, 2012
By: 
Badlands Journal editorial board

The Pimlico Kid is so lame all he can think about is the sweet pasture that lies ahead at taxpayers' expense after he leaves Congress. In the following letter to his constituents he limps along in the shadow of -- of all people -- the President, whose wife the Kid insulted by preferring to attend the Preakness with lobbyists to attending a UC Merced graduation featuring the First Lady as commencement speaker.

And, of course, he lied about the whole thing, claiming he couldn't make the event due to family commitments. The Kid finished dead last by 50 lengths in that contest.

Today, in his letter, he indicates that at last the president has recognized that he, the Pimlico Kid, had the right idea about the foreclosure crisis all along. It is a simple, three-part strategy: Do everything in the power of a politician to stimulate housing growth in your district; get the taxpayers to bail out the banks for the weak mortgages on their books; sell the package as a bail out of the people. Cover the whole campaign in the Kid's patented unctious piety and you've got as fine an example as you'd ever want to see of absolute political irrelevance.

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Speak, Elfie, of cost/benefit analysis on water projects

Submitted: Jan 27, 2012
By: 
Lloyd Carter

1-25-12

Lloydgcarter.com

Who needs a cost-benefit analysis? Not Southern California
By Lloyd G. Carter
http://www.lloydgcarter.com/content/120125542_who-needs-a-cost-benefit-analysis-not-southern-california


When Assembly Member Alyson Huber of El Dorado Hills failed to get an economic feasibility analysis bill on the controversial proposed peripheral canal out of committee recently, she was probably unaware that a similar challenge had been made to the finances of the State Water Project in 1960 by the late George “Elfie” Ballis, a legendary figure in Central California water and farmworker politics.

Huber’s bill (AB 550) would have required express approval of the Legislature for any “conveyance facility, an honest cost-benefit analysis of a peripheral canal or tunnel around the Delta” (which proponents claim would help the Delta) and prohibit any diminishing or negative impact on Delta water supplies, water rights, or water users. It failed to clear the Assembly Committee on Water, Parks and Wildlife on a 7-5 vote. But the vote was not along party lines. It was based on geography. North State legislators, including committee chairman Jared Huffman voted for it. The Southern California Committee members voted against it.

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The immoral, idiotic obscenity just keeps going on

Submitted: Jan 25, 2012
By: 
Badlands Journal editorial board

Mayor Stan Thurston, who heard about the report from his aviation business partner, agreed it's difficult to find a job in Merced. He said there are jobs available, but people don't have the right training. As an example, he pointed to the high number of agriculture-based jobs in the county with few people qualified to work them.

Councilwoman Mary-Michal Rawling agreed that education, or a lack of it, is at the heart of the issue. "It's all about education. We need to be sure our residents are getting the education they really need to have good, sustainable careers,"she said.

(Councilman) Murphy said UC Merced will play a big role in turning the situation on its head. "UC Merced will be a key to long-rangesuccess. Integrating the university and its graduates into our local economy, in a way that hasn't quite happened yet, willbe important for the community to move forward." -- "Merced County at top of magazine's 'worst' list," Merced Sun-Star, Jan.24, 2012

The award, which comes with a grant of $473,797 over five years, will pay for the tuition of two of Yang's graduate students as well as research equipment. --

"UC Merced professor earns six-figure payoff
Research project a winner,"
Merced Sun-Star, Jan. 24, 2012

 

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"...it ain't."

Submitted: Jan 23, 2012
By: 
Badlands Journal editorial board

"I know what you're thinking about," said Tweedledum; "but it isn't so, nohow."

"Contrariwise," continued Tweedledee, "if it was so, it might be; and if it were so, it would be; but as it isn't, it ain't.

That's logic." -- Lewis Carroll, Through the Looking-Glass

 We found it necessary to consult this primary text in logic to attempt to "parse" (even to robustly and proactively parse") the following statement from the desk of our very own White Queen, Dianne Feinstein, senior US Senator for California:

Because California can't store enough water during wet years to compensate for dry years, transferring water is a criticaltool to help provide farmers, businesses and residential areas with a dependable water supply.--US Sen. Dianne Feinstein, Sacramento Bee, Jan. 17, 2012.

Within the primary unexamimed assumption, "Because California can't store enough water during wet years to compensate for dry years," there is another fundamental assumption, "California" itself.

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D-D-D-Duh-Dry December Drives Drums of Drought

Submitted: Jan 11, 2012
By: 
Badlands Journal editorial board

1-11-12

Merced Sun-Star

Dry January raises concern over drought in northern California…Matt Weiser

http://www.mercedsunstar.com/2012/01/11/v-print/2186343/dry-january-raises-concern-over.html

The dreaded D-word – "drought" – is back on the tongues of many Californians now that a dry December has crawled into a dry January.

A dry December is not that unusual. But a dry January – well along into winter and usually the state's wettest month – is another matter.

"What is unusual is that it just hangs on and on and on," said Maury Roos, chief hydrologist at the California Department of Water Resources, noting it will be hard to recover from the missed January storms.

"It's not impossible, but it's quite unlikely we'll make it back to normal before the end of the season," Roos said.

Sacramento has had no rain since Dec. 15, and only a trace on that day: 0.07 inches.

Lake Tahoe – so dependent on snowfall for its winter economy – has fared just as badly. South Lake Tahoe has seen no measurable precipitation since Nov. 20, according to National Weather Service data.

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Anxieties of Kron the Investor

Submitted: Jan 11, 2012
By: 
Badlands Journal editorial board

At last, the efficiencies of the free market system are being appliedpublically, openly and thoroughly to water, leaving only one question of any importance: what will win, capitalism or water?

Badlands Journal editorial board

 

1-10-12
Water Risk in Supply Chains Draws Investor Scrutiny
By Peter S. Green -

http://www.bloomberg.com/news/2012-01-10/water-risk-in-supply-chains-draws-investor-scrutiny.html

Jonas Kron is worried about water. The investment adviser at Trillium Asset Management, a $900 million fund manager that focuses on environmentally sustainable investment, fears the world’s dwindling supply of fresh water is hurting the companies he has invested in. For most of the year, Kron has led a shareholder challenge to J. M. Smucker, the strawberry jam maker that also owns Folgers coffee. Kron says the company hasn't demonstrated it's prepared for the market changes that are sure to come as climate change reduces the size of the world’s coffee growing area. The conversation has been difficult in part because corporate leaders still seem unaware they need to factor water risk into their financial projections, says Kron. "We're not talking about charity here," says Kron. "These are investors seeking to have the company address the risks in its supply chain."

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A Review of Frank Bardacke's Trampling out the Vintage: Cesar Chavez and the Two Souls of the United Farm Workers.

Submitted: Jan 09, 2012
By: 
Badlands Journal editorial board
 
I left Yuma AZ one cool, spring morning in 1993 after listening to a local newspaperwoman describe the scene surrounding the Bruce Church v. United Farm Workers trial during which Cesar Chavez died.
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Caress of the despots

Submitted: Jan 05, 2012
By: 
Badlands Journal editorial board

12-10-11

Fresno Bee

Bill McEwen: Resnick wants to enhance Valley…

Bill McEwen

http://www.fresnobee.com/2011/12/10/v-print/2645195/resnick-wants-to-enhance-valley.html

Lynda Resnick is a marketing whiz and one of America's richest women. She has mastered the art of moving bottled water, pomegranate juice, oranges and other products off of supermarket shelves.

Now she's tackling a bigger challenge: making a dent in the concentrated poverty that has saddled the San Joaquin Valley with a reputation as the Appalachia of the West.

Resnick might be this generation's highest-profile Valley advocate. She certainly has the connections to make politicians and foundations pay attention to our overlooked region and its daunting problems.

She and husband Stewart own Roll Global and are estimated to be worth $1.8 billion. A good chunk of their fortune has come from the Valley's fertile fields and the success of Paramount Farms.

"What I hope to give is a voice to the whole Valley," Resnick says. "Too many people have no idea about the Central Valley and the wonderful people here that deserve a chance."

The Resnicks, who live in Beverly Hills, long have been major donors to causes in Southern California.

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Californians voted for high speed flak

Submitted: Dec 24, 2011
By: 
Badlands Journal editorial board

We agree with Merced County Planning Coimmissioner Jack Mobley's letter below. The people of California generally believed that they were voting to spend $9 billion to plan for a railroad along existing rail routes from LA to SF to travel at a high rate of speed. What they bought for their money was dishonest ridership. cost and job estimates, routes going through both suburban and rural areas that would be extremely disruptive to flows of existing traffic and the movement of farm machinery, staff barring the public from public meetings, supine federal resource agencies selling out the environment "because The Boss wants high speed rail." and a seemingly endless stream of ubiquitous, meaningless flak fomented by local land-sue authorities and their boosters like Merced trying to cover up their disastrous failures of judgment about housing and growth by denying the simple facts Mobley outlines below.

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