Just musings, is all

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Re: Just musings, is all

Post by thelivyjr »

THE CAPE CHARLES MIRROR MARCH 10, 2023 AT 11:07 AM

Paul Plante says:

And this story comes to us from “SOFT ON CRIME” DEMOCRAT Kathy Hochul’s “CRIMINAL SANCTUARY” capital city of Albany. NY, which is under the control of “SOFT ON CRIME” DEMOCRAT Kathy Sheehan.

A few nights ago, a young married couple I know decided to take a night off and to go out and have dinner in a restaurant in the “CRIMINAL SANCTUARY” city of Albany.

When they came out, it was to find that some PROTECTED CRIMINAL had smashed their car windows and had stolen what was in the car.

So they call the police, who take a report, and then apologize, telling the VICTIMS it will go nowhere.

Undaunted and undeterred, they took the car home, and went back out to continue the night in an Uber.

When they came back out of the venue later that evening, it was to get jumped by a gang of PROTECTED CRIMINALS who roughed them up and stole the wife’s cell phone.

So another police report, and another apology from the police.

Isn’t the DEMOCRAT-CONTROLLED CRIMINAL SANCTUARY CITY of Albany, NY, so fun?

I mean where else can you go out to eat and have some relaxation and get to file not one police report but two in the same night, other than, uh, well, the DEMOCRAT-CONTROLLED CRIMINAL SANCTUARY CITIES of San Francisco, Portland, Oregon, Seattle, Washington, Chicago, Illinois …..

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Re: Just musings, is all

Post by thelivyjr »

THE CAPE CHARLES MIRROR MARCH 10, 2023 AT 6:26 PM

Paul R Plante, NYSPE says:

Now, in addition to us readers of the Cape Charles Mirror being a rational, logical, sensible group of people, we are a discerning (showing insight and understanding) group, as well, so with that said, and with the “proposition” (a statement or assertion that expresses a judgment or opinion, as in “the proposition that American DICTATOR Joe Biden is a CLIMATE DENIER”) before us that not only is Joe Biden a DENIER OF REALITY itself, but he is also a BLATANT HYPOCRITICAL CLIMATE DENIER, as well, let us go back and examine in greater detail that first definition, “a person who rejects the proposition that climate change caused by human activity is occurring,” with an emphasis on the phrase “human activity,” which is NOT at all the same as saying “climate change caused by CO2.”

So now we need to ask ourselves this important question in the light of the MASSIVE SCALE of ENVIRONMENTAL DISRUPTION and OUTRIGHT DEVASATATION Joe Biden has perhaps irreversibly now set in motion with his GREEN NEW DEAL disguised as an infrastructure bill, a CHIP FAB bill and an inflation reduction bill, to wit:

WHAT EXACTLY ARE THE HUMAN ACTIVITIES THAT CAUSE CLIMATE CHANGE?

So we go to the dictionary and find that the term “human activities” can be described as follows:

What are examples of human activities?

Human activities are the various actions for recreation, living, or necessity done by people.

For instance it includes leisure, entertainment, manufacturing, recreation, war, and exercise.

end quotes

And it also includes EVERY SINGLE THING that Joe Biden has set in motion with his GREEN NEW DEAL which promises to recreate the land mass of the United States into a BIDEN-ESQUE RE-CREATION of Giedi Prime under Baron Harkonnen – an industrial wasteland with a low photosynthetic potential and the planet’s bio-resources depleted and its environment fouled with industrial pollution.

That, people, and make no mistake about it, is the real future Joe Biden’s GREEN NEW DEAL promises us, and believe me, it WILL NOT BE GREEN, except for green industrial slime on our water bodies and waterways, and maybe industrial green concrete.

So let’s ask the question about human activities, which include everything Joe Biden has set in motion, a different way, to wit:

What are human activities on the environment?

Humans impact the physical environment in many ways: overpopulation, pollution, burning fossil fuels, and deforestation.

Changes like these have triggered climate change, soil erosion, poor air quality, and undrinkable water.

end quotes

With his BUY AMERICAN ONLY policy, Joe Biden is going to contribute to massive deforestation of the land mass of the United States of America, and for Joe to procure all the other materials Joe needs for his GRANDIOSE AND UNPROVEN SCHEMES, Joe has to burn massive quantities of fossil fuels to operate ALL the mining equipment required, and ALL the processing equipment required, because mining equipment does not operate with either batteries or long lead cords – it burns diesel.

So let’s pause here, since we are not a hasty folk, either, to let that all sink in and be absorbed before we go back to this subject of Joe Biden being the CLIMATE DENIER-IN-CHIEF!

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Re: Just musings, is all

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THE CAPE CHARLES MIRROR MARCH 10, 2023 AT 9:56 PM

Paul R Plante, NYSPE says:

And for proof that CLIMATE DENIER-IN-CHIEF and REALITY DENIER Joseph Robinette Biden, Junior is chock full of beans and is lying to us through his teeth, a Joe Biden specialty, when he tells us he is reducing inflation with his Inflation Reduction Act, which is a driver of inflation, not a reducer of inflation, we have as follows from Reuters on that subject, to wit:

“New York Fed model finds inflation pressures more persistent than thought”

By Michael S. Derby

March 9, 2023

March 9 (Reuters) – In another setback for the Federal Reserve’s inflation fight, data showing inflationary pressures cooling in recent months were in fact a mirage, and show underlying price pressures actually have been accelerating.

end quotes

MIRAGE: something that appears real or possible but is not in fact so.

Continuing on with the REALITY Joe Biden is a DENIER of, we have:

The new findings out Thursday from the New York Fed add a fresh complication to the monetary policy outlook and could help reinforce the view that aggressive Fed rate hikes have yet to make the needed dent in price pressures.

That, in turn, could drive the central bank to go even further with rate increases over time.

The New York Fed report focuses on an in-house model called the Multivariate Core Trend, which is designed to provide a more complete reading on the factors and trends coming out of the personal consumption expenditures price index, which is the Fed’s preferred way of measuring inflation.

In its blog post, bank economists said recent upward revisions to inflation data coupled with higher-than-expected levels of inflation had changed the picture on what had appeared to be a cooling in price pressures.

The January MCT reading stood at 4.9%, up from December’s upwardly revised 4.8%, which had initially been reported at 3.7% a month ago.

That compares with a PCE price index year-over-year reading of 5.4% in January, and a rise, stripped of food and energy costs, of 4.7%.

The Fed’s inflation target is 2%.

The January MCT reading “provides a quite different narrative for the recent dynamics of inflation persistence relative to what we had prior to the new release,” New York Fed economists wrote.

The pickup in inflation in the model has been driven by core goods and core services stripped of housing components.

The stickiness of nonhousing services inflation, in particular, has been a concern for central bank policymakers, including Fed Chair Jerome Powell, who has repeatedly noted the lack of progress made in bringing it down.

The New York Fed research shows it’s even more problematic than previously estimated.

“Relative to their pre-pandemic averages, core goods trend is about 0.9 percentage point higher and core services ex-housing is 1.1 percentage point higher.”

In his appearance, Powell acknowledged that inflation pressures had been proving more persistent than he expected in an economy whose overall performance was also stronger than policy makers had thought.

Powell said this landscape means the Fed stands a good chance of having to raise rates higher than it recently expected and keep them there for longer.

The Fed chief’s testimony also pointed to the rising prospect that after slowing the pace of its rate rise campaign last month to a quarter-percentage-point increase, it may have to go back to larger moves and boost the federal funds rate target by half a percentage point at the March 21-22 Federal Open Market Committee meeting.

In his testimony, Powell acknowledged the recent softening in inflation had been washed away by revisions and the idea that price pressures had peaked has taken a hit.

He noted before the Senate Tuesday that late last year there had been a “promising” shift in inflation toward lower levels that has been washed away in revisions.

As it now stands for inflation, there’s been some softening but not in the place where it most needs to cool off after goods inflation has shifted lower.

“There’s not a lot of improvement yet to be seen in the largest sector, which is not housing services.”

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Re: Just musings, is all

Post by thelivyjr »

THE CAPE CHARLES MIRROR MARCH 11, 2023 AT 10:46 AM

Paul Plante says:

And KA-BOOM, people, as the blow-back from Joe Biden’s INSANE GREEN DREAM blows up our banking system with Joe adding to his presidential resume or list of MAJOR ACOMPLISHMENTS while in office the largest bank failure since the financial crisis!

So how about that, people!

Isn’t Joe Biden so great?

I wonder if Putin in Russia, Xi in China, and the dude with the wild haircut in N. Korea are going to send him “WELL DONE, JOE, HOW TO GO” messages of congratulations for proving to them and the world just how ******* stupid Joe Biden and his INSANE GREEN DREAM really are.

And while all of that was going on, what was Joe Biden talking about – how about doctors, probably Martians after an alien abduction of Joe, sawed off the top of his head to see if he had a brain:

Joe Biden jokes doctors had to ‘check he had a brain’ after his aneurysm

https://www.youtube.com/watch?v=8JaxcDt1R1I

HE DIDN’T!

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Re: Just musings, is all

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THE CAPE CHARLES MIRROR MARCH 13, 2023 AT 9:37 AM

Paul Plante, NYSPE says:

So, having determined that a CLIMATE DENIER is a person who rejects the proposition that climate change caused by human activity is occurring; or a person who does not accept that climate change is happening, or does not accept that it is caused by human activity such as burning fossil fuels; or one who denies that changes in the Earth’s climate or weather patterns are caused by human activity, we now have another new term confronting us, and that is NET ZERO.

And what pray tell, is NET ZERO?

According to the dictionary, it is as follows: a target of completely negating the amount of greenhouse gases produced by human activity, to be achieved by reducing emissions and implementing methods of absorbing carbon dioxide from the atmosphere, as in “global net emissions of carbon dioxide will need to fall to net zero by 2050.”

And why should we be concerned about this term?

Well, for one, it is an impossible goal to achieve, because to completely negate the amount of greenhouse gases produced by human activity, which includes exhaling, it takes even more energy intensive human activities to reduce emissions and implement methods of absorbing carbon dioxide from the atmosphere, and those more energy intensive human activities to remove CO2 from the air will themselves contribute to and cause further climate change.

And what brings this up now?

Let’s go to the Reuters article “Yellen warns climate change could trigger asset value losses, harming US economy” by Andrea Shalal on March 7, 2023, to see, to wit:

WASHINGTON, March 7 (Reuters) – Climate change is already having a major economic and financial impact on the United States and may trigger asset value losses in coming years that could cascade through the U.S. financial system, Treasury Secretary Janet Yellen will warn on Tuesday.

end quotes

To which I have to reply, STUPID IS AS STUPID DOES, “TOODLES!”

Build a house of cards on a base of shifting sand and don’t be surprised when a slight zephyr breeze brings the whole rotten edifice crashing down.

It’s not so-called climate change that is having a major economic and financial impact on the United States, because the climate has never been static and has always been changing – it is STUPID HUMAN DECISIONS made by real STUPID, SHORT-SIGHTED and GREEDY people in positions of authority that are having a major economic and financial impact on the United States.

Take Houston, Texas with its flooding problems, for example.

There is a TEXT-BOOK CASE of a municipality due to STUPIDITY and SHORT-SIGHTEDNESS and GREED sealing its fate by the way it has been laid out, so there are low areas that cannot drain.

“Oh, but Paul,” “TOODLES” Yellen would say, “you silly man, don’t you know that because of climate change, it now rains more than it did when they designed Houston?”

And no, I do NOT know that, at all, nor does “TOODLES.”

Going back to Reuters, we have more “TOODLES” Yellen on NET-ZERO, as follows:

Yellen will tell a new advisory board of academics, private sector experts and non-profits there has been a five-fold increase in the annual number of billion-dollar disasters over the past five years, compared to the 1980s, even after taking into account inflation.

“As climate change intensifies, natural disasters and warming temperatures can lead to declines in asset values that could cascade through the financial system.”

“And a delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system as well,” she said in remarks prepared for delivery at the advisory board’s first meeting.

She said severe storms and wildfires in states like California, Florida, and Louisiana, tornadoes across the South and intensifying storms on the West Coast show how climate change is accelerating.

The U.S. government in January reported that 2022 tied 2017 and 2011 for the third-highest number of billion-dollar disasters, with a total price tag of at least $165 billion.

There were 18 weather and climate disasters each costing at least $1 billion in the year, including two tornado outbreaks in the south and southeast in March and April, and massive wildfires across the west.

Yellen said the new Climate-related Financial Risk Advisory Committee, set up last October by the Financial Stability Oversight Council (FSOC), would boost U.S. efforts to mitigate the risks that climate change poses to financial stability.

Yellen said climate-related events had already prompted insurers to raise rates or stop providing insurance in high-risk areas, which could have devastating consequences for homeowners and their property values.

That in turn could spill over to other parts of the financial system, she said.

end quotes

That was on March 7, 2023, and just three (3) days later on March 10, 2023, we were reading in the CNBC article “Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis” by Jesse Pound about the collapse of SVB, a key player in the tech and venture capital community, which leaves companies and wealthy individuals largely unsure of what will happen to their money, as a result not of climate change, but because of Joe Biden’s whacked-out economic policies that have raised the cost of money as the federal reserve tries to tackle the inflation the Biden Administration has created, and “TOODLES” was convening a meeting of top officials at the Fed, the FDIC and the Comptroller of the Currency specifically to discuss the situation at SVB.

Sounds like “TOODLES” has a real serious problem there that she foolishly thinks NET-ZERO will solve, when NET-ZERO is an unachievable goal due to the energy-intensive nature of the means to get there, which we will begin to explore in here courtesy of the Cape Charles Mirror.

And my goodness, speaking of the BIDEN ADMINISTRATION being a chief emitter of GLOBAL GREENHOUSE GASES, where oh where is JET-SETTING Gina Raimondo?

According to Reuters on March 9, 2023, JET-SETTING GINA was on a four-day trip to India, accompanied by the chief executive officers of 10 U.S. companies and was scheduled to meet India’s trade minister on Friday to map the semiconductor supply chain together and identify opportunities for joint ventures and technology partnerships, which are human activities that will cause even more climate change, as does Gina JET-SETTING around the globe.

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Re: Just musings, is all

Post by thelivyjr »

THE CAPE CHARLES MIRROR MARCH 13, 2023 AT 6:25 PM

Paul Plante, NYSPE says:

“And a delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system as well,

– Biden Treasury Secretary Janet “TOODLES” Yellen, March 7, 2023

And actually, people, if we stop to think about it for just a moment, it is Joe Biden’s disorderly, scatter-brained, ill-thought-out, and ill-planned transition attempt to something Joe cannot achieve, the so-called “net-zero economy, that is responsible for shocks to the financial system that have just brought down not one but two banks over the weekend and have started a new round of GOVERNMENT BANK BAILOUTS, as we see from the Business Insider article “Signature Bank shut down by regulators” by Katherine Tangalakis-Lippert on 12 March 2023, to wit:

In an attempt to prevent a spreading financial crisis, regulators shut down the crypto-friendly Signature Bank, New York, on Sunday, promising to make its depositors whole.

Signature Bank’s closure comes on the heels of the shuttering of Silicon Valley Bank on Friday.

Customers of both tech-friendly institutions will be bailed out by the US Treasury, Federal Reserve, and Financial Deposit Insurance Corporation, with their funds available beginning Monday.

end quotes

As to goofy Joe Biden’s GREEN NEW DEAL being the real cause of the shocks to the financial system “TOODLES” Yellen was prattling about just days ago, we have for example the CNBC article “Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis” by Jesse Pound on March 10, 2023, to wit:

Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago.

The last U.S. bank failure of this size was Washington Mutual in 2008, which had $307 billion in assets.

SVB was a major bank for venture-backed companies, which were already under pressure due to higher interest rates and a slowdown for initial public offerings that made it more difficult to raise additional cash.

end quotes

“Under pressure due to HIGHER INTEREST RATES?”

And why, pray tell, are interest rates higher?

Oh, yeah, right, the federal reserve is raising interest rates in order to fight the INFLATION being caused by Joe Biden handing out billions and billions of dollars for his INSANE GREEN DREAM of reaching this NIRVANA called the “net-zero economy,” an INSANE GREEN DREAM that requires the expenditure of TRILLIONS of dollars in the futile effort to achieve it, because it is an INSANE DREAM, which takes us to the Reuters article “Analysis: Californian tech bank SVB sows global fear about rising cost of money” by Naomi Rovnick and Mehnaz Yasmin on March 10, 2023, to wit:

LONDON, March 10 (Reuters) – For months, investors had shrugged off the threat of rising interest rates.

That changed this week.

U.S. tech bank SVB Financial Group’s scramble for fresh capital, after losing $1.8 billion selling a package of bonds to meet depositor demands for cash, sparked a global rout in bank stocks – and a rethink.

After more than a decade of economic life support by way of easy policy and the flooding of markets with trillions in cash that even spawned virtual crypto money, central banks have slammed into reverse.

Bets on further hikes have ratcheted up in recent days as inflation remains stubbornly high, with Federal Reserve Chair Jerome Powell on Wednesday reaffirming his message of higher and potentially faster rate hikes.

end quotes

Inflation remains stubbornly high?

HUH?

With Joe Biden’s INFLATION REDUCTION ACT in place, how can that be?

SIMPLE – Joe Biden’s INFLATION REDUCTION ACT, which is one-third of Joe’s MASSIVE GREEN NEW DEAL economic package, is the CAUSE of the INFLATION the fed is trying to fight, which fight just brought down two banks and caused a major rout on the stock market.

And people, get prepared, for that is just the start.

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Re: Just musings, is all

Post by thelivyjr »

THE CAPE CHARLES MIRROR MARCH 16, 2023 AT 6:29 PM

Paul R Plante, NYSPE says:

An advantage we here in the Cape Charles Mirror have is continuity of thought, in that what starts a thread like this one can and likely will have ramifications and repercussions far into the future, as is the case here as this matter continues to unfold, so that we can come back to a thread and update it, staying with the original topic, in this case the Biden CHIPS ACT, so a new reader can tie it all together without having to do a lot of searching, since all the information needed is all in one place.

So, by way of review, let’s go back to August 25, 2022, and the White House FACT SHEET: President Biden Signs Executive Order to Implement the CHIPS and Science Act of 2022, where we have the following BIDEN PROPAGANDA, to wit:

Today, President Biden signed an Executive Order to implement the semiconductor funding in the bipartisan CHIPS and Science Act of 2022.

This legislation will lower the costs of goods, create high paying manufacturing jobs around the country, and ensure we make more critical technologies at home.

This law builds on more than a year of work from the Biden-Harris Administration to respond to acute semiconductor shortages and build more resilient semiconductor supply chains.

The historic funding and incentives in the CHIPS Act will help rebuild our supply chains, manufacturing, and infrastructure here at home, along with crucial invests from the Bipartisan Infrastructure Law and Inflation Reduction Act.

This Executive Order reflects the Biden-Harris Administration’s commitment to quickly increase production of semiconductors, strengthen research and design leadership, and grow a diverse semiconductor workforce to give the country a competitive edge on the world stage.

end quotes

Now, as we will see, and have been seeing in prior posts, that is all BIDEN HORSE****, and before we go further, make a note of this above, to wit: “along with crucial invests from the Bipartisan Infrastructure Law and Inflation Reduction Act.”

As we see in a companion thread titled “Op-Ed: The Insanity of the Inflation Reduction Act” http://www.capecharlesmirror.com/news/o ... ent-775895 , however, the BIDEN IRA is itself a DRIVER of INFLATION, as is the BIDEN INFRASTRUCTURE LAW and the BIDEN CHIPS ACT, to wit:

Reuters

“Exclusive: Samsung’s new Texas chip plant cost rises above $25 billion – sources”

By Alexandra Alper and Stephen Nellis

March 15, 2023

WASHINGTON/SAN FRANCISCO, March 15 (Reuters) – A chip plant that South Korea’s Samsung Electronics Co Ltd is building in Taylor, Texas, will cost the world’s biggest memory chipmaker over $25 billion, up more than $8 billion from initial forecasts, according to two people familiar with the matter.

The increase in cost is primarily due to inflation, the people said, declining to be named because the information was not public.

“The higher construction cost is about 80% of the cost increase,” one of the sources said.

“The materials have gotten more expensive,” the source added.

end quotes

And, people, that was a given right from the start, and it takes nothing more than about a tenth-grade education and some common sense to understand that equation!

Going back to the story, we have more as follows, to wit:

Chipmakers are applying for billions in grants from the Biden administration thanks to the CHIPS Act, aimed at ramping up chip production in the United States.

But increasing costs raise questions about how far those dollars will go.

The bill was proposed in 2020, before a historic run-up in inflation that U.S. officials are still working to tame.

U.S. Commerce Department officials said early this month that most government grants will only cover up to 15% of the cost of new plants.

Meanwhile, in the three years since lawmakers first floated the $52 billion figure for CHIPS Act grants, of which only $39 billion is now earmarked for direct investment in plant construction, the cost of labor has risen sharply, along with the price of construction materials like steel.

That could push up the cost of what are already huge spending plans.

end quotes

And there for the moment I will rest, before coming back to that same story for more of the INSANITY Joe Biden has unleashed here, so stay tuned.

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Re: Just musings, is all

Post by thelivyjr »

18 March 2023

Hon. Joseph R. Biden
The White House
1600 Pennsylvania Ave., NW
Washington, DC 20500

RE: New York State is taxing my veteran’s disability pension as income

Dear President Biden:

I am writing to you as one of this nation’s many elderly disabled veterans struggling to make ends meet to put in a complaint to you as President about New York state considering my veteran’s disability pension as income, and thereby denying me a senior citizen property tax discount I would otherwise be entitled to, as I have no income.

So that you can be aware of what my complaint is, I forward to you the following from the NYS Department of Taxation and Finance on the Senior citizens exemption I am being denied because my veteran’s disability pension is considered income, to wit:

Local governments and school districts in New York State can opt to grant a reduction on the amount of property taxes paid by qualifying senior citizens.

This is accomplished by reducing the taxable assessment of the senior's home by as much as 50%.


end quotes

It is that 50% percent reduction that I am being denied because I am a disabled veteran.

That message from the NYS Department of Taxation and Finance on Senior citizens exemption then continues as follows:

If a Federal or New York State income tax return was filed for any of the owners of the property or their spouses for the preceding year, copies of such return should be submitted with their application.

You may also be required to submit statements of payments made by the Social Security Administration, bank statements, rent receipts or other documents to substantiate your statement of income.

Income includes:

all Social Security payments, salary and wages (including bonuses)

disability payments

workers compensation

Income does not include:

welfare payments


end quotes

So as we clearly see, if I was not a disabled veteran, but was on welfare, instead, I would be entitled to the discount, as are all other seniors who are not disabled veterans who like me have no income.

So for having stood up to defend this country, for which service I was twice wounded in combat, I am being penalized and denied a benefit that goes to those on welfare, which I consider a gross insult to myself as a veteran and as an insult to all other disabled veterans in this state who like me are struggling to make ends meet and are going without and doing without, while we are expected to pay taxes to the state of New York while non-veterans are eligible for a property tax exemption denied to me as a disabled veteran do not pay those same taxes.

Where do you see any equity in that?

According to the Veterans’ Affairs website, disability compensation is a benefit paid to Veterans because of injuries or disease that happened during active duty, and the benefits are tax-free.

Except in New York state, that is not true, because New York state considers that disability compensation as income, and that serves to put me over the arbitrary threshold to be eligible for the property tax reduction, which means New York state is taxing my disability compensation, because outside of that and social security, I have no other means to pay the extra property taxes, which is not only highly discriminatory to disabled veterans, but a form of theft, as well.

Please do what you can do as president to correct this gross injustice and this gross insult to this nation’s combat veterans who are treated as second-class citizens here in New York state by getting my property tax exemption restored after informing New York state of their error.

Thanking you in advance for your prompt attention to this matter, I remain

Respectfully,

Paul R. Plante
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Re: Just musings, is all

Post by thelivyjr »

THE CAPE CHARLES MIRROR MARCH 31, 2023 AT 4:05 PM

Paul Plante says:

And hoo boy, is it ever, as thanks to this senile goofball Joe Biden and his INSANE GREEN DREAM, concrete becomes a luxury item in America, if you can find some, and this has been predicted by the CCM all along because a blind man could see this coming:

Reuters

“Supply shortages threaten U.S. infrastructure and war efforts”

By Lisa Baertlein

March 29, 2023

LOS ANGELES, March 29 (Reuters) – Manufacturers of everything from pickup trucks to homes are still grappling with tight supplies of microchips and cement – shortages that could translate into delays and higher costs for federal efforts to arm Ukraine against Russian aggression and rebuild U.S. crumbling infrastructure and manufacturing.

The supply chain woes that sent costs soaring and spurred shortages of everything from toilet paper to passenger cars are easing for retail-focused industries, but remain stubbornly persistent in important growth sectors like autos, machinery, defense and non-residential construction, experts said.

“For sectors where demand is still strong, we are still seeing issues of materials shortages, and these problems will take additional time to resolve,” said Jason Miller, associate professor of logistics at Michigan State University’s business school.

“One of the big issues as we’re trying to ramp up the military industrial base is having enough electronic components,” Miller said.

Companies that make war weapons like shoulder-fired Javelin and Stinger missiles are awaiting U.S. funding before starting new production for Ukraine.

When the defense industry gets that greenlight, their scramble to source semiconductors and other hard-to-find electronic components could usher in a new wave of supply chain snarls that disrupt production and drive up costs.

“Any general shortage in semiconductors will affect defense,” said Brad Martin, director of Rand Corp’s National Security Supply Chain Institute.

A global shortage of cement – a key input for concrete used to build bridges, highways and factories – threatens to slow down federally-funded infrastructure and American-made semiconductor and green energy factory projects.

Cement producer Martin Marietta Materials reported “robust demand” in its largest market of Texas, where it is already seeing “sold-out conditions,” CEO Ward Nye said on a Feb. 15 earnings call.

Michigan State University’s Miller said ready-mix concrete and concrete products such as blocks and highway dividers are highly sought after.

“It’s probably one of the strongest sectors in manufacturing at the moment.”

“It hasn’t shown signs of cooling down.”

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Re: Just musings, is all

Post by thelivyjr »

THE CAPE CHARLES MIRROR MARCH 31, 2023 AT 6:17 PM

Paul Plante says:

Fox News

“Whatever happened to the global chip shortage?”

Story by Bret Baier, Amy Munneke

28 March 2023

President Biden has been traveling across the country to meet with state leaders in an effort to ramp up semiconductor production across the United States.

“America is coming back.”

“We’re determined to lead the world in the manufacturing of semiconductors,” President Biden said Tuesday.

Commerce Secretary Gina Raimondo spoke about the CHIPS for America Program on “Special Report” this past February.

Semiconductor companies have been able to apply for those incentives through the initiative.

“Congress has sent $52 billion to us here at the Commerce Department and it’s our job to invest that, working with companies to make chips in America,” Raimondo said.

“Every governor out there thinks the next chip factory will be in their state.”

“They will compete.”

“I’m sure they’ll put incentives on the table and that’s what they should do.”

Many companies began breaking ground on new facilities and expansions before the CHIPS Act was officially signed, including New York-based GlobalFoundries.

“We need the right economics to continue to add capacity in the U.S.,” GlobalFoundries CEO Thomas Caulfield said.

“The chips will be an integral part of the economics to close the funding gap, to create that capacity that can compete globally against all the players in manufacturing.”

Since the end of 2022, at least 23 new chip fabs have been announced and nine will increase production, according to the Semiconductor Industry Association.

Caulfield agreed and said U.S. manufacturing for products requiring chips needed to keep up with U.S. semiconductor production.

“Probably the biggest issue we still need to contend with is to make sure the demand for all this capacity we want in the U.S. materializes,” Caulfield said.

“The last thing we want to do is in industry, create capacity in the U.S. and have it go underutilized.”

http://www.capecharlesmirror.com/news/o ... ent-784343
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