Friday, October 1, 2021

Morning Briefing: Late-Night Turnabout for Democrats (VIDEO)

 At the New York Times, "Democrats, Divided: House Democrats delayed a vote on a major infrastructure bill, a sign of divisions within the party":


For more than a decade, congressional Democrats have been a notably unified and functional bunch.

They responded forcefully to both the financial crisis that began in 2007 and the Covid-19 pandemic. They passed Barack Obama’s signature health care law, succeeding on an issue that had bedeviled Washington for decades. And they remained almost completely united against Donald Trump’s legislative agenda and attacks on democracy.

But the era of productive Democratic unity is now in doubt — as is President Biden’s domestic agenda.

This morning, I’ll explain last night’s developments on Capitol Hill and look at where things may go from here.

Shortly before 11 p.m., Steny Hoyer of Maryland — the second-ranking Democrat in the House — announced that “no further votes are expected tonight,” an acknowledgment that the party did not have the votes to pass a $1 trillion infrastructure bill.

House Speaker Nancy Pelosi had been insisting throughout the day that the vote would happen. It was one of the few times in her almost two decades as the leader of House Democrats that she did not appear to be in control of her caucus, reminiscent of the chaos that has instead tended to surround House Republicans this century.

“It’s a serious setback,” Carl Hulse, The Times’s chief Washington correspondent, told me, “but I don’t think it’s the end of the effort.”

Perhaps the most surprising part of last night’s developments is that many analysts believe that congressional Democrats have made progress toward a deal over the past 24 hours — even if they are not there yet, and the talks could still collapse.

The background

The Senate has already passed the infrastructure bill, and Democrats overwhelmingly favor it. But House progressives have refused to vote for it without assurances that moderate Democrats also support the other major piece of Biden’s agenda — a larger bill (sometimes called a “safety net” bill) that would expand health care access and education, fight climate change and reduce poverty, among other measures.

Progressives are worried that if they pass the infrastructure bill, moderates will abandon the safety-net bill, which is a higher priority for many Democrats.

These are precisely the sort of disagreements that Democrats managed to surmount in recent years. During the debate over Obama’s health law, for example, moderates were worried about its size and ambition, while progressives were deeply disappointed about what it lacked (including an option for anybody to buy into Medicare). Yet nearly all congressional Democrats ultimately voted for the bill, seeing it as far preferable to failure.

This time, moderates and progressives are having a harder time coming to an agreement. The left, unhappy about the compromises it needs to make, has decided to use tougher negotiating tactics than in the past — thus the lack of an infrastructure vote last night. And the moderates, like Senator Joe Manchin of West Virginia and Senator Kyrsten Sinema of Arizona, have been publicly vague about what they are willing to support in the safety-net bill.

Encouragingly for Democrats, Manchin’s stance did become clearer yesterday, potentially allowing the party to come to a deal on both major bills. It is not out of the question that a deal could come together quickly and the House might vote on the infrastructure bill today or next week.

Manchin said yesterday that he favored a safety-net bill that cost about $1.5 trillion, rather than the $3.5 trillion many other Democrats, including Biden, favor. He also listed several policies that he could support in the bill, including higher taxes on the rich; a reduction in drug prices; and expansions of pre-K, home health care, clean energy and child tax credits.

These are many of the same priorities that progressives have, even if Manchin’s proposed cost means that the party will need to make hard choices about what to exclude from the bill. But the terms of the negotiations now seem clearer than they have been.

Manchin himself suggested as much. “We need a little bit more time,” he said yesterday, according to Chad Pergram of Fox News. “We’re going to come to an agreement.”

Several political analysts echoed that confidence:

* Matt Glassman of Georgetown: “Oddly, now that the progressives have done their flex, I think the prospects for a deal increased a bit.”

* Russell Berman, The Atlantic: “These setbacks are not final or fatal, and time is still on their side. The deadlines Democrats missed this week were largely artificial, and House leaders said a vote on the infrastructure bill could still happen as early as Friday.”

* Karen Tumulty, Washington Post: “My theory: We are moving toward a deal. … What everyone is waiting for at this point is an announcement by Biden of a deal, and a call from the president for Democrats to rally around it.”

The Democrats have enormous incentives to come to agreement. If they fail, Biden’s domestic agenda is largely sunk, and the party will have forfeited a chance to pass major legislation while controlling the White House, the Senate and House — a combination that does not come along often. Democrats will also have to face voters in next year’s midterms looking divided if not incompetent. 

Wednesday, September 29, 2021

David R. Mayhew, Congress

At Amazon, David R. Mayhew, Congress: The Electoral Connection




Infrastructure Bill in Peril as Democrats Strain to Unite Party

Tomorrow's going to be a laugh riot as the $3.5 trillion social welfare climate change boondoggle is flushed down the toilet. Some folks online, I've forgotten whom, suggested that Pelosi won't even put the infrastructure bill to a vote tomorrow, so it'll be back to the drawing board.

With luck, Manchin and Synema won't cave. 

At the Wall Street Journal, "Party leaders meanwhile work to bridge gaps between moderates, progressives on $3.5 trillion bill on social policy and climate; Biden’s agenda under threat":

WASHINGTON—Democrats hurtled toward a deadline for passing a roughly $1 trillion infrastructure plan in the House, with the bill’s fate in jeopardy as they struggled to mend intraparty rifts threatening to derail President Biden’s domestic agenda.

Party leaders are racing to unify Democrats around changes to a separate $3.5 trillion healthcare, education and climate package, which progressives want to see advance as a condition of supporting the infrastructure bill in the narrowly divided House. Speaker Nancy Pelosi (D., Calif.) so far has stuck to her plan to bring the infrastructure bill up for a vote Thursday, saying she was taking it “one hour at a time,” though she opened the door to further delay if talks don’t progress.

“We’re obviously at a precarious and important time in these discussions,” White House press secretary Jen Psaki said. “Members of Congress are not wallflowers. They have a range of viewpoints. We listen, we engage, we negotiate.”

The Thursday deadline for the infrastructure vote is one of several scheduling crunches Democrats face in the coming days. They are also rushing to pass a stand-alone measure extending government funding, currently set to expire on Friday at 12:01 a.m., through Dec. 3.

Republicans and Democrats in the Senate reached an agreement to pass the spending patch Thursday, Senate Majority Leader Chuck Schumer (D., N.Y.) said, and then send it to the House.

On the eve of the possible infrastructure vote, Mr. Biden met Wednesday evening at the White House with Mrs. Pelosi and Mr. Schumer. Mr. Biden also has held a series of meetings with moderate Democrats in recent days in a bid to lock down their support for the social-policy and climate bill. That, in turn, could mollify progressives’ fears that moderates would block that legislation.

Those efforts so far have fallen short: Critical centrist Sen. Joe Manchin (D., W. Va.) said Wednesday that he didn’t think he could reach an agreement with the White House soon. Democrats need all 50 senators in their caucus to remain united to pass the $3.5 trillion package through a process called reconciliation, which requires just a simple majority rather than the 60 usually needed to advance in the chamber.

Mr. Manchin repeated his concerns about additional spending fueling inflation and called for the bill’s measures to be means-tested. He didn’t outline a possible compromise with other Democrats.

“While I am hopeful that common ground can be found that would result in another historic investment in our nation, I cannot—and will not—support trillions in spending or an all or nothing approach that ignores the brutal fiscal reality our nation faces,” he said in a lengthy statement.

Mr. Manchin’s statement sparked outrage among liberal House Democrats, who said it had expanded the ranks of lawmakers willing to oppose the infrastructure bill, if a vote is held Thursday. Progressives see threatening to oppose the infrastructure bill in the House as a way to pressure moderate Democrats, particularly Mr. Manchin and Sen. Kyrsten Sinema (D., Ariz.), to agree to the contours of the education, healthcare and climate package.

“This is why we’re not voting for that bipartisan bill until we get agreement on the reconciliation bill and it’s clear we’ve got a ways to go,” said Congressional Progressive Caucus Chairwoman Rep. Pramila Jayapal (D., Wash.).

In comments later Wednesday, Mr. Manchin said he wanted to overhaul the 2017 tax law and continue the expanded child tax credit.

The White House has met repeatedly in recent days with Mr. Manchin and Ms. Sinema. Each has voiced opposition to a bill costing $3.5 trillion. Neither of the two lawmakers, though, have publicly indicated what size bill they would support.

Mrs. Pelosi after initially tying the two bills together, reversed course earlier this week and said that the infrastructure bill would come to the floor Thursday independent of the status of the other legislation. But she changed tack again Wednesday,appearing to condition consideration of the infrastructure bill on an agreement on the social-policy and climate effort.

“I think if we come to a place where we have agreement in legislative language, not just principle, in legislative language, that the president supports, it has to meet his standard, because that’s what we are supporting, and then I think we will come together,” Mrs. Pelosi told reporters Wednesday, referencing the $3.5 trillion proposal.

She held out the possibility of the House delaying a vote on the infrastructure bill for the second time. She previously had reached an agreement with moderate House Democrats to hold a vote on the infrastructure bill this past Monday.

“We take it one step at a time,” she said...

Still more.

Previously: "Kyrsten Sinema Faces a Growing Revolt From Her Former Supporters."


Kyrsten Sinema Faces a Growing Revolt From Her Former Supporters

Followingp-up, "Kyrsten Sinema Is Enigma at Center of Democrats’ Spending Talks."

This lady's got tremendous power, and radical leftists hate it. 

At the New York Times, "Kyrsten Sinema Is at the Center of It All. Some Arizonans Wish She Weren’t":

PHOENIX — Jade Duran once spent her weekends knocking on doors to campaign for Senator Kyrsten Sinema, the stubbornly centrist Democrat whose vote could seal the fate of a vast Democratic effort to remake America’s social safety net. But no more.

When Ms. Sinema famously gave a thumbs down to a $15 minimum wage and refused to eliminate the filibuster to pass new voting rights laws this year, Ms. Duran, a Democrat and biomedical engineer from Phoenix, decided she was fed up. She joined dozens of liberal voters and civil rights activists in a rolling series of protests outside Ms. Sinema’s Phoenix offices, which have been taking place since the summer. Nearly 50 people have been arrested.

“It really feels like she does not care about her voters,” said Ms. Duran, 33, who was arrested in July at a protest. “I will never vote for her again.”

Ms. Sinema, a onetime school social worker and Green Party-aligned activist, vaulted through the ranks of Arizona politics by running as a zealous bipartisan willing to break with her fellow Democrats. She counts John McCain, the Republican senator who died in 2018, as a hero, and has found support from independent voters and moderate suburban women in a state where Maverick is practically its own party.

But now, Ms. Sinema is facing a growing political revolt at home from the voters who once counted themselves among her most devoted supporters. Many of the state’s most fervent Democrats now see her as an obstructionist whose refusal to sign on to a major social policy and climate change bill has helped imperil the party’s agenda.

Little can proceed without the approval of Ms. Sinema, one of two marquee Democratic moderates in an evenly divided Senate. While she has balked at the $3.5 trillion price tag and some of the tax-raising provisions of the bill, which is opposed by all Republicans in Congress, Democrats in Washington and back home in Arizona have grown exasperated.

While the Senate Democrats’ other high-profile holdout, Joe Manchin III of West Virginia, has publicly outlined his concerns with key elements of the Democratic agenda in statements to swarms of reporters, Ms. Sinema has been far more enigmatic and has largely declined to issue public comments.

Mr. Biden, White House officials and Democrats have beseeched the two senators to publicly issue a price tag and key provisions of the legislation that they could accept. But there is little indication that Ms. Sinema has been willing to offer that, even privately to the administration.

On Wednesday afternoon, she and a team from the White House huddled in her office for more than two hours on another day of what a spokesman for Ms. Sinema called good-faith negotiations.

“Kyrsten has always promised Arizonans she would be an independent voice for the state — not for either political party,” John LaBombard, a spokesman for the senator, wrote in an email responding to questions for the senator about her standing at home. “She’s delivered on that promise and has always been honest about where she stands.”

That posture helped her win election to the Senate in 2018 from a state whose voters are roughly 35 percent Republican, 32 percent Democratic and 33 percent “other.” And for all the passions of the moment, Ms. Sinema is not up for election again until 2024...

I love the senator at this point. If she can piss off left-wing nutjobs like this, and with so much hilarious gusto, I can dig it. 

More.

 

Tuesday, September 28, 2021

Charles Murray, Facing Reality

At Amazon, Charles Murray, Facing Reality: Two Truths about Race in America.




The Authoritarian Left

 From Sally Satel, at Atlantic Monthly, "The Experts Somehow Overlooked Authoritarians on the Left":


Donald trump’s rise to power generated a flood of media coverage and academic research on authoritarianism—or at least the kind of authoritarianism that exists on the political right. Over the past several years, some researchers have theorized that Trump couldn’t have won in 2016 without support from Americans who deplore political compromise and want leaders to rule with a strong hand. Although right-wing authoritarianism is well documented, social psychologists do not all agree that a leftist version even exists. In February 2020, the Society for Personality and Social Psychology held a symposium called “Is Left-Wing Authoritarianism Real? Evidence on Both Sides of the Debate.”

An ambitious new study on the subject by the Emory University researcher Thomas H. Costello and five colleagues should settle the question. It proposes a rigorous new measure of antidemocratic attitudes on the left. And, by drawing on a survey of 7,258 adults, Costello’s team firmly establishes that such attitudes exist on both sides of the American electorate. (One co-author on the paper, I should note, was Costello’s adviser, the late Scott Lilienfeld—with whom I wrote a 2013 book and numerous articles.) Intriguingly, the researchers found some common traits between left-wing and right-wing authoritarians, including a “preference for social uniformity, prejudice towards different others, willingness to wield group authority to coerce behavior, cognitive rigidity, aggression and punitiveness towards perceived enemies, outsized concern for hierarchy, and moral absolutism.”

Published last month in the Journal of Personality and Social Psychology, the Costello team’s paper is persuasive, to the point that you have to wonder: How could past researchers have overlooked left-wing authoritarianism for so long? “For 70 years, the lore in the social sciences has been that authoritarianism was to be found exclusively on the political right,” the Rutgers University social psychologist Lee Jussim, who wasn’t involved in the new study, told me in an email. In the 1950 book The Authoritarian Personality, an inquiry into the psychological makeup of people strongly drawn to autocratic rule and repressive politics, the German-born scholar Theodor W. Adorno and three other psychologists measured people along dimensions such as conformity to societal norms, rigid thinking, and sexual repression. And they concluded that “the authoritarian type of human”— the kind of person whose enthusiastic support allows someone like Hitler to exercise power—was found only among conservatives. In the mid-1990s, the influential Canadian psychologist Bob Altemeyer described left-wing authoritarianism as “the Loch Ness Monster of political psychology—an occasional shadow, but no monster. ” Subsequently, other psychologists reached the same conclusion.

The Trump era likely deepened psychology’s conventional wisdom that authoritarians are almost always conservatives; the insurrection at the Capitol earlier this year showed the urgency of understanding the phenomenon. And yet calls to de-platform controversial speakers and online campaigns to get people fired for heterodox views suggest that a commitment to open democratic norms is eroding, at least in some quarters, on the left. Much further along the authoritarian continuum, people purporting to be antiracist or antifascist protesters have set fires and committed other acts of violence since the summer of 2020. These acts stop short of, say, the 1970s bombing campaign by the far-left Weather Underground, but surely call the prevailing wisdom into doubt. (Supporters of revolutionary regimes overseas have demonstrated even more clearly that some people on the left try to get their way through intimidation and force.)

But one reason left-wing authoritarianism barely shows up in social-psychology research is that most academic experts in the field are based at institutions where prevailing attitudes are far to the left of society as a whole. Scholars who personally support the left’s social vision—such as redistributing income, countering racism, and more—may simply be slow to identify authoritarianism among people with similar goals.

One doesn’t need to believe that left-wing authoritarians are as numerous or as threatening as their right-wing counterparts to grasp that both phenomena are a problem. While liberals—both inside and outside of academia—may derive some comfort from believing that left-wing authoritarianism doesn’t exist, that fiction ignores a significant source of instability and polarization in our politics and society...

Adorno? What a clown. *Eye-roll.*

Lots more at more at the link.


The Power of Political Tribalism

 At the Other McCain:

Ed McGinty is in the news again. The 72-year-old Democrat has made himself obnoxious to his neighbors in The Villages of Florida by riding around in his golf cart plastered with anti-Trump signs.

Last week, McGinty was arrested and charged with stalking after he accosted a woman at the neighborhood swimming pool who was wearing a T-shirt with the slogan “Joe Biden Sucks.” The details of that incident are less important than what Ed McGinty’s obnoxiousness teaches us about political tribalism. If you’re looking for a way to explain why a grown man would act the way that McGinty does, it was revealed in a Washington Post profile last year which mentioned that McGinty, a retired real estate broker and Philadelphia native, “has always been a Democrat, just like his parents before him.”

In other words, McGinty inherited his partisan loyalty to the Democratic Party and, until he moved to The Villages a few years ago, he had lived inside a bubble where such loyalty was commonplace, especially among Irish Catholics like himself. In 1960, when young Ed was 11, America elected its first Irish Catholic president, John F. Kennedy, who got 68% of the vote in Philadelphia. For the son of an Irish Catholic family in Philadelphia in those days, being a Democrat was as natural — just “the way things were” — as it was for me, growing up in Georgia during the “Solid South” days when there was no Republican Party to speak of in the state. (Kennedy got 69% of the vote in Douglas County, where I was a 1-year-old at the time.) I remained a Democratic Party loyalist until the mid-1990s, when Bill Clinton’s policies (particularly the so-called “assault weapons” ban) drove me out of the party. Probably I was like a lot of my fellow Georgians during that era. We had remained loyal Democrats until Clinton’s presidency convinced us that the party no longer shared our values, and that our loyalty was not reciprocated.

It’s difficult to believe that someone like Ed McGinty, who proudly boasts of his Catholicism and mentions attending Cardinal Dougherty High School, never reconsidered his political loyalty, given how the Democratic Party has gone all-in for abortion since 1972...

Still more.

Evening Heaven

My lord!

More heavenliness here.

And here.




Inside Biden's Controversial Decision to Abandon Bagram

At Politco, "‘Speed equals safety’: Inside the Pentagon’s controversial decision to leave Bagram early: The administration didn't second-guess its decision to rapidly withdraw from Afghanistan. Lawmakers are fuming":

On a rainy day in early May, weeks after President Joe Biden announced the U.S. exit from Afghanistan, senior leaders from across the government gathered in the basement of the Pentagon for a broad interagency drill to rehearse the withdrawal plan.

During the exercise, top Pentagon leaders including Defense Secretary Lloyd Austin and Joint Chiefs Chair Gen. Mark Milley stressed the need for American troops to get out of the country as quickly as possible to protect against renewed Taliban attacks.

“All of them made the same argument,” said one defense official, who was in attendance at the drill on May 8, and whose account includes previously unreported details. “Speed equals safety,” the person said, referring to the message conveyed by the military leaders.

The military brass had done a remarkable 180. For the first four months of 2021, as the White House reviewed the withdrawal timeline inherited from the Trump administration, Austin and Milley, as well as senior military commanders, urged Biden to leave a few thousand troops in Afghanistan indefinitely. Both were overruled. Once that happened, the Pentagon embraced as quick a withdrawal as possible, including from Bagram. And the Pentagon stuck to that approach through the beginning of July, regardless of the conditions on the ground.

The remnants of the U.S. military at Bagram left in the dead of night on July 1 handing off the base to Afghan commanders who complained they weren’t even notified of the departure.

“They just decided they lost the argument, and OK fine let’s get the heck out of dodge,” said one former senior defense official.

At every stage of the withdrawal, the White House went along with the Pentagon’s recommendations, accepting a timetable that ended up going faster than Biden laid out in the spring. When the Taliban started to sweep through northern Afghanistan in the summer, different plans were discussed but never altered. The priority for the Pentagon was to protect U.S. troops and pull them out, even as diplomats and Afghan allies stayed behind.

By early August, when it was clear Kabul would fall sooner than expected, the American military presence was down to fewer than 1,000 troops. It was too late to reverse course.

None of the civilian officials who were at the May 8 meeting at the Pentagon questioned the military’s rapid drawdown plan, according to multiple officials. Those attendees included national security adviser Jake Sullivan and his deputy, Jon Finer; CIA Director William Burns; Samantha Power, the head of the U.S. Agency for International Development; Linda Thomas-Greenfield, the ambassador to the United Nations. Secretary of State Antony Blinken was not present, but was represented by his deputy, Brian McKeon. Besides Austin and Milley, other Pentagon officials included Gens. Frank McKenzie and Austin Scott Miller, the commanding generals of U.S. Central Command and U.S. Forces-Afghanistan, respectively, who joined via secure video.

The internal withdrawal debates and plans are at the heart of the congressional inquiry into the fall of Afghanistan to the Taliban...

Still more.

Previously: "Senators Question Milley and Austin on End of War in Afghanistan (VIDEO)."


Marvin Gaye

"Oh, mercy mercy me..."

Here we have something for you folks, we hope

You enjoy it as we enter our social section, thank you

Woah, ah, mercy, mercy me

Ah, things ain't what they used to be (ain't what they used to be)

Where did all the blue skies go?

Poison is the wind that blows

From the north and south and east

Woah mercy, mercy me, yeah Ah, things ain't what they used to be (ain't what they used to be)

Oil wasted on the ocean and upon our seas

Fish full of mercury

Oh Jesus, yeah, mercy, mercy me, ah

Ah, things ain't what they used to be (ain't what they used to be)

Radiation underground and in the sky

Animals and birds who live nearby are dying

Hey, mercy, mercy me, oh

Hey, things ain't what they used to be

What about this overcrowded land?

How much more abuse from man can she stand?

Oh, na, na, na

Oh, oh, oh, oh, oh...


Raiders Welcome 3-0!

I was in Vegas two weekends back and checked out the Raiders vs. Steelers at a sports bar across the way from the Bellagio, where my wife and I were staying.

I'm fired up for the season, heh. (For the Rams too, who are looking like Super Bowl material, for sure.)

On Twitter:



Senators Question Milley and Austin on End of War in Afghanistan (VIDEO)

 At NYT, "Top defense officials acknowledge they advised against withdrawing all troops from Afghanistan":


Top U.S. military officers acknowledged publicly for the first time that they had advised President Biden not to withdraw all American troops from Afghanistan ahead of the chaotic evacuation during which 13 American service members were killed.

Appearing before a Senate panel, Gen. Mark A. Milley, the chairman of the Joint Chiefs of Staff, said that military leaders were able to give their advice to the president during the lead-up to Mr. Biden’s decision to withdraw. But, the general said, “Decision makers are not required in any manner or form to follow that advice.”

General Milley testified to the Senate Armed Services Committee with Defense Secretary Lloyd J. Austin III and Gen. Kenneth F. McKenzie, Jr., the head of the military’s Central Command. Both men, along with General Milley, were said to have advised Mr. Biden not to withdraw all troops. During the hearing, Generals Milley and McKenzie confirmed that.

Senators pressed the three men on why the Pentagon failed to predict the rapid collapse of the Afghan government and Afghan military, why the United States did not start evacuating Americans and vulnerable Afghans from the country sooner, and whether Mr. Biden heeded their advice to keep a counterterrorism force of 2,500 on the ground.

“It was a logistical success but a strategic failure,” General Milley said, echoing the words of Senator Thom Tillis, Republican of North Carolina, from earlier in the hearing.

Mr. Austin, a former four-star Army general who served in Afghanistan, conceded that the collapse of the Afghan army in the final weeks of the war — in many cases without firing a shot — took top commanders by surprise.

“We need to consider some uncomfortable truths: that we did not fully comprehend the depth of corruption and poor leadership in their senior ranks, that we didn’t grasp the damaging effect of frequent and unexplained rotations by President Ghani of his commanders, that we did not anticipate the snowball effect caused by the deals that the Taliban commanders struck with local leaders,” Mr. Austin said, referring to Ashraf Ghani, the former president of Afghanistan who fled the country as the Taliban took control.

“We failed to fully grasp that there was only so much for which — and for whom — many of the Afghan forces would fight,” Mr. Austin said.

The hearing was also the first opportunity for General Milley to address criticism about his actions during the last tumultuous months of the Trump administration.

“My loyalty to this nation, its people, and the Constitution hasn’t changed and will never change as long as I have a breath to give,” General Milley said in his opening remarks. “I firmly believe in civilian control of the military as a bedrock principle essential to this republic and I am committed to ensuring the military stays clear of domestic politics.”

General Milley used part of his opening comments to address the turmoil of recent revelations in the book “Peril” by Bob Woodward and Robert Costa. He said he made an Oct. 30 call to his Chinese counterpart, just before the November presidential elections, because there was “intelligence which caused us to believe the Chinese were worried about an attack on them by the United States.” He added that senior U.S. officials, including Mark Esper, the secretary of defense at the time, and Mike Pompeo, then the secretary of state, were aware of the calls...

And about the phone calls, here's more, "Milley Defends His Calls to China During Trump's Term."


Stocks Close Sharply Lower as Bond Yields Hover Near Three-Month High

I hope my retirement accounts aren't taking a hit, yikes!

At WSJ, "Tech shares pull S&P 500, Nasdaq down more than 2%, while bond yields rally on inflation concerns":

U.S. stocks tumbled Tuesday, logging their sharpest pullback since May, as rising bond yields deepened a rout in shares of technology companies.

For much of the past decade, many investors had piled into shares of fast-growing technology companies, wagering they would deliver relatively robust profit growth even in a sluggish economic environment. This week, that trade hit a roadblock.

With the economy out of the worst of the pandemic-fueled crisis, the Federal Reserve signaled last week that it could start to reverse its pandemic stimulus programs as soon as November and raise interest rates sometime next year. That appears to have prompted an unwind of some of the market’s most enduring trades—pushing Treasury yields to their highest level in months and sending investors out of popular technology stocks.

Investors agree the economic outlook has improved significantly since 2020. But many wonder how well the market will be able to stand on its own once the Fed begins to taper its monthly asset purchases—especially since they credit much of the market’s rebound from its pandemic low to extraordinary levels of monetary and fiscal support from Washington. Some investors have also expressed concerns about the economic outlook. Inflation has made a surprising comeback this year, something some worry will start to cut into companies’ profit margins. The fast-spreading Delta variant of Covid-19 has also complicated economists’ efforts to forecast the global economy’s growth outlook.

“People are realizing, or at least remembering, that central banks are going to have to start raising rates,” said Altaf Kassam, head of investment strategy for State Street Global Advisors in Europe. “The patient has become used to being given all these drugs, but soon those drugs are going to have to be reduced.”

The S&P 500 fell 90.48 points, or 2%, to 4352.63, marking its second straight day of losses and worst one-day percentage decline since May. The tech-heavy Nasdaq Composite Index slid 423.29 points, or 2.8%, to 14546.68, while the Dow Jones Industrial Average shed 569.38 points, or 1.6%, to 34299.99.

All three major indexes are on course to end the month lower.

Tuesday’s market selloff was broad, pulling all but one of the S&P 500’s sectors down for the day.

Traders yanked money out of the technology sector. Shares of companies like Facebook, Google parent Alphabet and Microsoft, each of which had vastly outperformed the broader market this year, fell more than 3.5% apiece.

Meanwhile, selling pressure accelerated in the government bond market. The yield on the benchmark 10-year Treasury note rose for a sixth consecutive day Tuesday, climbing from 1.482% Monday to 1.534%, its highest level since late June. Bond yields rise as prices fall.

Shares of energy companies avoided the broader selloff...

 

L.A. Unified Sees Sharp Decline in Attendance

Wow, this is some serious number of absentees!

At LAT, "L.A. Unified enrollment drops by more than 27,000 students, steepest decline in years":

Enrollment in the Los Angeles Unified School District has dropped by more than 27,000 students since last year, a decline of close to 6% — a much steeper slide than in any recent year.

The comparison is based on an annual count referred to as “norm day,” the fifth Friday of every new school year, Sept. 17 this year. Last year’s enrollment total for pre-school through 12th grade was 466,229. This year’s figure for that same date is 439,013, according to data provided by L.A. Unified that will be presented to the school board Tuesday.

Other data released by L.A. Unified indicates other potential concerns. The district estimates that between 70% and 80% of the school staff are on target to be fully vaccinated against COVID-19 by the district’s deadline of Oct. 15, indicating that thousands of employees face termination, which would exacerbate another problem: more than 2,000 unfilled jobs.

“We’re still seeing the impact of COVID,” said Veronica Arreguin, the district’s chief strategy officer, about the enrollment decline. Arreguin also noted that much of the decline was expected, in line with many years of dropping enrollment related to lower birth rates, families moving to more affordable areas and other factors.

Even so, the shortfall is three times what planners in the nation’s second-largest school district predicted. The district plans to act aggressively to understand what is happening and what to do about it.

“If it’s something we can change,” Arreguin said, “we need to change.”

The decline is not unique to L.A. Unified.

Enrollment dropped across the nation last year as families and school systems grappled with a pandemic that shut down in-person instruction for much of the year in most places and also prompted worried families to keep children at home when they had a choice to go back.

Statewide, enrollment in K-12 public schools fell by almost 3%, or 160,000, students last year, according to data from the California Department of Education. That was the largest drop of the last 20 years, surpassing a 1% drop between October 2008 and October 2009. More than a third of that decline was due to a lower enrollment in kindergarten.

The causes are varied, with economic factors at play — the high cost of living, including gentrification, has pushed families farther from the once-affordable urban core and also from adjacent suburbs served by L.A. Unified. Another factor has been limits on immigration, which used to funnel a steady supply of families with young children into L.A. Unified. The pandemic’s influence is difficult to pinpoint and measure.

For the 2020-21 school year, with campuses closed because of the pandemic, kindergarten enrollment declined by almost 6,000 students from the previous year, with many families dissatisfied with kindergartners having to attend class online. In a more typical year, the number of kindergarten students would have declined by about 2,000.

Unexpectedly large declines in the younger grades continued this year and, to a lesser degree, affected middle schools as well, said Tony Atienza, the district’s director of budget services and financial planning...

Unexpectedly!

That's what they always say. *Eye-roll.*

Still more.

 

Monday, September 27, 2021

U.S. Spent Billions on Afghanistan and Failed to Build a Sustainable Economy

Afghanistan update.

At WSJ, "Country faces economic collapse with the withdrawal of foreign assistance under Taliban rule":

KABUL—The U.S. spent $145 billion over two decades in Afghanistan to turn one of the poorest nations on earth into a self-sustaining economy—the boldest effort this century at Western nation-building. That project has largely failed.

Afghanistan’s economy did grow, and millions of Afghans gained access to education, healthcare and jobs. But the economy that the U.S. helped build relies overwhelmingly on foreign aid, most of which evaporated overnight. Afghanistan’s economy—and the welfare of its people—is on the verge of collapse following the U.S. exit last month and the Taliban takeover, international experts say.

KABUL—The U.S. spent $145 billion over two decades in Afghanistan to turn one of the poorest nations on earth into a self-sustaining economy—the boldest effort this century at Western nation-building. That project has largely failed.

Afghanistan’s economy did grow, and millions of Afghans gained access to education, healthcare and jobs. But the economy that the U.S. helped build relies overwhelmingly on foreign aid, most of which evaporated overnight. Afghanistan’s economy—and the welfare of its people—is on the verge of collapse following the U.S. exit last month and the Taliban takeover, international experts say.

An Afghan farmer who took part in the soybean project in Balkh province said there wasn’t enough water to grow the crop, the proper seeds weren’t available locally, and there was no market for any harvested crops. “It was a big failure,” the farmer said. Sigar agreed.

ASA spokeswoman Wendy Brannen disputed that. She said the project had achieved “successes in line with or exceeding its original objectives.” She added, “Our acceptability and sensory analyses showed that Afghans eat and like soy and that it could be a viable source of protein in a very protein deficient country.”

The U.S. sought to introduce alternative crops to opium poppies. But Afghan farmers were reluctant to give up poppies, one of their few cash crops. Others, such as saffron, pine nuts and cotton were far less lucrative, and rutted roads and poor storage infrastructure made exports difficult.

The U.S. Agency for International Development spent $335 million building the Tarakhil diesel power plant to supply Kabul with electricity...

 

The Civil Rights Struggle of 2021

At FrontPage Magazine, "Mandated vaccines for all is the civil rights issue of our time":

The civil rights movement led to the end of legalized racial segregation and the beginning of the ability of African Americans to be free and equal citizens in the United States of America. But similar oppressive government injustice is happening in New York City today.

About a third of all citizens of New York City, among them the majority of African Americans, have not been vaccinated. De Blasio’s mandate to show proof of vaccination and IDs at NYC restaurants, bars, museums, gyms, theaters, concerts, and other indoor settings, discriminates against millions of unvaccinated New Yorkers, who will be prevented from engaging in normal everyday activities, and even students who are prevented from playing in high school sports. Forced vaccination mandates will prevent many New Yorkers from keeping their jobs. Unvaccinated New Yorkers will be legally prohibited from traveling by subway, bus, or plane. But it also normalizes the outrageous mandate that people are required to show their private health papers and personal identification.

Mandated vaccines for all is the civil rights issue of our time.

More.

 

Sunday, September 26, 2021

'That's Not My Name'

Weird. 

This song popped into my mind and it was a hit back in 2009, sheesh.

Man I've been blogging a long time. *Eye-roll.*

The Ting Tings:



Kyrsten Sinema Is Enigma at Center of Democrats’ Spending Talks

She's an enigma alright. 

I blogged about her almost 10 years ago, when she, umm, came off a bit less moderates. See, "Kyrsten Sinema, Bisexual Israel-Hating Antiwar Radical, is Face of Today's Democrat Party."

And now, folks are tripping on her role of an extra-"moderate" senator who easily switch parties.

An engima alright.

At WSJ, "Arizona senator says $3.5 trillion price tag is too high, holds discussions with Biden, party leaders":

SCOTTSDALE, Ariz.—Senate Democrats trying to pass a sweeping education, healthcare and climate package must first crack an enigma: What does centrist Sen. Kyrsten Sinema want?

Ms. Sinema, a key vote in the evenly divided Senate, has made clear she won’t support the package’s current $3.5 trillion price tag, announcing her opposition in July and reiterating it since then. The first-term senator from a swing state has held meetings with party leaders to discuss the legislation, but she hasn’t publicly suggested specific changes. Many Democrats remain uncertain over her policy stance and her political calculations.

Ms. Sinema is constantly engaged in “direct, good-faith discussions,” said Sinema spokesman John LaBombard. He shared a list of more than two dozen meetings or calls she has had to discuss the legislation.

Six of those conversations were with President Biden directly and three were with Senate Majority Leader Chuck Schumer (D., N.Y.). The rest were with Sen. Mark Warner (D., Va.), who is a member of the Finance and Budget committees, and White House and Democratic leadership staff. Representatives for Messrs. Biden, Schumer and Warner didn’t respond to requests for comment.

“Given the size and scope of the proposal—and the lack of detailed legislative language, or even consensus between the Senate and House around several provisions—we are not offering detailed comments on any one proposed piece of the package while those discussions are ongoing,” Mr. LaBombard said.

The package under discussion would represent a vast expansion of the country’s safety net, including paid family and medical leave, universal prekindergarten for three- and four-year-olds, affordable housing, and an expansion of Medicare benefits, among other measures. It would also increase taxes on companies and high-income households. Democrats hope to tackle climate change with provisions aimed at reducing carbon emissions in the electricity sector by 80% and economywide by 50% by 2030.

Republicans are united in opposition to the proposal, calling it wasteful and potentially damaging to the economy. Democrats are aiming to pass the package through a process called budget reconciliation that allows a bill to advance in the Senate with a simple majority, rather than the 60-vote supermajority usually needed.

In private negotiations, Ms. Sinema has been focused on targeting how the funding of new programs will be distributed among income levels, according to Senate Democratic aides. Narrower targeting of benefits could lower the overall cost. Ms. Sinema has also expressed concerns centering on the structure of the proposed tax changes, aides said.

In a recent interview with the Arizona Republic, Ms. Sinema expressed interest in climate proposals, which she said would directly affect the desert state which is already experiencing droughts, wildfires and damaged infrastructure.

The focus on Ms. Sinema comes amid a broad negotiation within the party between the moderate and progressive wings. While some senators have expressed concerns about parts of the proposal and haven’t committed to funding the entire $3.5 trillion, Ms. Sinema and fellow centrist Sen. Joe Manchin of deep-red West Virginia have been the only members of the caucus to rule out supporting that level of spending.

In a meeting Wednesday at the White House with Mr. Biden where both centrists were present, lawmakers discussed reducing the size of the package to below $3 trillion, according to two people familiar with the discussion.

“The main goal is to get all 50 of us together which means that we really need to get down to what are the things that will enable Joe and Kyrsten to say yes,” said Sen. Mazie Hirono (D., Hawaii). “I personally am not sure what it is programmatically that they can support. I’d like to get that identified.”

Rep. Scott Peters (D., Calif.), a centrist Democrat and close friend of Ms. Sinema from their days serving together in the House, said Ms. Sinema will be pivotal in the talks. “I certainly think that everyone is well advised to be listening to her. She’s got strong opinions and she’s not going to be pushed around.”

Others note that along with the thin control of the Senate, Democrats can afford to lose just three votes in the House, and Mr. Biden can’t afford to take his eye off any lawmakers...

I dare say I like that woman. *Shrug.*

Still more.