Category Archives: business news

Blast from violent past

The tumult and tempest arising from the arrival of immigrants and, yes, refugees from Latin America have in their way taken me back to an earlier time in Texas when such new arrivals spawned violent protests and outright hatred.

Republican governors have taken great joy in sending migrants to Democratically held jurisdictions in a ploy to stick it in their ear. You favor welcoming these folks? Here, you can have ’em!

The Vietnam War ended in 1975 and with the end of the shooting in Vietnam thousands of refugees fled from Southeast Asia to the United States. They didn’t want to live under communist rule, so they found their way to the Land of Opportunity.

Many of those refugees settled along the Texas coast, seeking to resume their lives as fishermen and women. They sought to capitalize on the shrimp harvest opportunities. Not everyone welcomed them.

The Ku Klux Klan reared its ugly and evil head, raiding the Vietnamese shrimp fleets, cutting their nets and threatening the newcomers with violence if they didn’t leave the country. There was violence. Klansmen were charged with bringing physical harm and death to the Vietnamese.

Over time, though, the violence subsided. Today, in communities such as Port Arthur — with its substantial Vietnamese-American population — you find the influence of the descendants of those refugees in a most remarkable way. Check out the honor rolls of public high schools and you see plenty of names such as Nguyen, Phang and Lam. Yes, the children and grandchildren of those refugees excel academically and take that excellence with them into successful careers as adults

Do we really want to deny the current refugees — who flee communist tyranny in places such as Nicaragua and Venezuela — the same opportunity to succeed?

Let’s get real.

johnkanelis_92@hotmail.com

Biden helps avert crisis

(AP Photo/Michael Virtanen)

Hey, let’s heap a good bit of good cheer on the Joe Biden administration, shall we? Why the high-five and the back-slap? Because the administration did what Americans expect it to do by stepping in to broker a deal that averted a potentially catastrophic blow to the nation’s economy.

As President Biden might say, this is a “big … fu**ing … deal,” if you get my drift.

Had the strike gone forward, as it was slated to do on Friday, valuable shipments of grain, food, all sorts of commodities, heavy equipment — you name it — would have come to a halt. You want a “supply chain crisis?” There you have it … in spades!

But the tentative agreement, presuming it’s ratified by the unions and the rail lines, means the goods will keep rolling and the crisis will have been averted.

You all know that this blog supports President Biden and the work he is doing on our behalf. I will offer a word of good cheer to the president, because I believe he deserves it. However, the big winner of this deal happens to be the 330 million Americans that the president represents.

Americans keep getting buffeted by doomsayers who suggest the economy is tanking, that “socialists” are poised to take over the government, that the U.S.A has become the “laughingstock of the world.”

The news about the White House stepping up to provide its good offices to end a potentially horrendous labor dispute demonstrates that the opposite of all that is so very true.

As The Hill reports: ā€œIt’s a big political risk. If it all blew up, the administration was going to be left holding the bag,ā€ an industry source familiar with the talks said.

How Biden helped avert a rail strike – and another economic crisis | The Hill

It appears at this moment that nothing has blown up. I want to thank the federal government led by President Joe Biden for averting disaster.

johnkanelis_92@hotmail.com

Gas prices are cheaper … not yet cheap

As I scan the main drag through Princeton, Texas — the four-lane federal highway U.S. 380 — I see evidence of something I had hoped to see.

It’s the price of gasoline receding. At virtually all the fuel dealerships along the highway, the price of regular unleaded gas is now selling from $2.93 per gallon to $2.99.

Hmm. It’s a far cry from the $4-plus we were paying this past spring and summer, yes? I know that other parts of the country were paying a good bit more than we were in Texas. Their gas prices are coming down, too.

It’s cheaper, for sure. It damn sure isn’t “cheap.” We’ve all become accustomed to a sort of new normal ever since gasoline spiked up in the 1970s in response to the Arab oil embargo. Prior to that we were paying double-digit prices to fuel our vehicles; after that, well, we haven’t seen double digits since.

Now we are going to “salute” gas prices inching below 3 bucks per gallon? I won’t go that far. However, it is a relief and I welcome it.

johnkanelis_92@hotmail.com

How can GOP tolerate this?

I guess I’ll just have to resign myself to never knowing the truth while I am alive and breathing.

The “truth” to which I refer happens to involve how a once-great political party can be at one time a champion for “family values” and proclaimed that “character matters” can align itself with a cult figure who embodies the exact opposite of both principles.

Republicans today are wedded to the rubbish uttered, muttered and sputtered by Donald John Trump.

The thrice-married former POTUS has admitted to cheating on his first two wives and then paid a porn star $130,000 to remain quiet about a tryst she said she and the future POTUS had back in the old days. Trump denies the event occurred … but he paid her the money to keep quiet about it. Go figure.

I guess I should mention that the alleged tumble with the porn queen occurred just weeks after Trump wife No. 3 gave birth to his youngest son.

We are being flooded with information about the FBI search for top-secret documents taken illegally from the White House and socked away in the basement of Trump’s home in Florida. Republican response to it? Crickets, man.

In a way, though, the silence is a bit of a change in what had been the typical GOP response to allegations leveled against the former Cult Leader in Chief. Members of Congress had been quick to blame Democrats for “weaponizing” the process that resulted in two impeachments of Trump. I am hearing little justification for a POTUS taking those documents that belong to the public and do not belong to him.

Meanwhile, GOP congressional leaders remain shamefully silent as evidence piles up along several legal fronts. In Georgia, we hear about a grand jury taking testimony about Trump coercing state election officials to “find” enough votes to swing that state’s 2020 presidential election results to Trump’s favor. Does anyone in the GOP care about that?

Trump’s business is being probed for allegedly falsifying its assets in order to obtain loans. Are those the ingredients of a character-driven business empire?

The House select 1/6 committee is trying to finish its probe into Trump’s role in inciting the insurrection that sought to overturn the results of the 2020 election. Republicans don’t give a crap about that, either … except for the two GOP committee members, Liz Cheney and Adam Kinzinger.

I do not understand what has happened to the Republican Party. I thought I might learn the answer before they threw me into the ground.

Silly me.

johnkanelis_92@hotmail.com

‘Old jobs’ not as good?

A frequent critic of www.highplainsblogger.com decided to weigh in with a comment about President Biden’s job performance.

He disagrees — not surprisingly — with my assessment of the job growth that has occurred during the Biden administration. My critic says Biden has created “no real new jobs.” That the only jobs being “created” are the old jobs that are being filled again.

Hmm. I rolled that one around for just a moment.

It occurred to me that the old jobs are just as valuable as the new jobs. I mean, those who are filling the old jobs are paying taxes and contributing to the nation’s economic well-being just as much as they would be had they occupied “new jobs.” Isn’t that right?

The critic just cannot seem to grasp that I remain as faithful to Joe Biden as he does to Donald Trump. Except for this important qualifier: Biden defeated Trump in 2020. Oh, and Trump is in a deep pile of dookey over, well … you know.

johnkanelis_92@hotmail.com

Goodbye, stick shifts? Oh, my!

I just glanced at an article in The Atlantic that saddens me greatly.Ā It’s because the article foretells the demise of stick shifts in motor vehicles. This is a terrible event in the age of the horseless carriage.

Here’s the article to which I refer:

The End of Manual Transmission – The Atlantic

I learned how to drive on a manual transmission. Mom taught me the ins and outs of operating a three-speed transmission in her 1961 Rambler. It was a brown-ish vehicle. It wasn’t very sporty, but it did allow me to learn the intricacies of actually operating a motor vehicle.

Mom advised me that “once you learn to master a manual transmission, you’ll be able to drive anything.” Oh, she was so right.

Not too many years after learning how to drive Mom’s Rambler, I returned home from Vietnam and spent the final few months of my Army tour of duty with an armored cavalry regiment in Fort Lewis, Wash. I got orders to report to a transportation company within the Third Armored Cav. They threw me into a five-ton cargo truck. And, yep, it had a manual transmission.

It was a piece of cake, man.

Ian Bogost writes in The Atlantic: But the manual transmission’s chief appeal derives from the feeling it imparts to the driver: a sense, whether real or imagined, that he or she is in control. According to the business consultant turned motorcycle repairman turned best-selling author Matthew Crawford, attending to that sense is not just an affectation. Humans develop tools that assist in locomotion, such as domesticated horses and carriages and bicycles and cars—and then extend their awareness to those tools. The driver ā€œbecomes oneā€ with the machine, as we say.

Hey, it’s not “imagined.” The driver is in control.

My family members have known for years how I feel about stick-shift driving. I always have preferred to actually manipulate the clutch pedal and run the shifter through its paces over just sitting behind the steering wheel and guiding the car to wherever I have pointed it.

Hey, I’ll get over this sad news. It’s just going to take some time.

johnkanelis_92@hotmail.com

Is this Biden’s ‘Benghazi’?

Hunter Biden’s business activity and the controversy that’s being hyped up about it is beginning to remind me more than just a little bit of … Benghazi!

You remember Benghazi. Terrorists stormed the U.S. consulate in the Libyan city in late 2012. Four people — including the U.S. ambassador to Libya — died in the attack. Republicans blamed Hillary Clinton, who was secretary of state during the attack.

Clinton sat before a congressional committee for 11 hours. Republicans on the panel sought to find something — anything — with which to accuse her. They grilled her incessantly.

They found nothing.

So now we have the son of President Biden on the griddle. The GOP insists that Hunter Biden’s laptop contains material that could send the president’s son to prison. They keep yapping about an investigation “when we take back the House.” What, I want to know, do they plan to investigate?

What did he do? Biden accepted high-paying jobs that he got because he is the son of a former U.S. senator, former vice president and current president. He is making a lot of dough working for these companies, even though he has no practical experience in the energy business, which is relevant to at least one of the companies that hired him.

What Is Hunter Biden Being Investigated For? Details of Federal Probe (msn.com)

Is it a crime for the child of a famous person to accept a cushy, well-paying job? Hah! It’s been done many times before and will be done far into the future.

The GOP is trying to hang tax charges on Hunter Biden, contending he didn’t pay his share of taxes.

This business about Hunter Biden has been kicking around for a while. During the 2020 campaign, GOP operatives sought to make Biden’s business dealings a campaign issue to use against his dad. Hunter Biden had taken a job with a Ukrainian energy company, for example, prompting Republicans to wonder aloud about the propriety of the hire. However, a Ukrainian prosecutor declared out loud that neither Biden — not Joe nor Hunter — did anything illegal.

End of story? Hardly!

My sense is that this matter will produce as much credible criminal wrongdoing as the Benghazi tragedy did against Hillary Clinton.

We will have, to borrow a term, a nothing burger.

johnkanelis_92@hotmail.com

Eye-rolling gas prices

My eyes kept rolling as we drove through much of Central and North Texas, looking at the price of motor vehicle fuel.

It’s coming down, if you want to call it such. I shake my noggin and try to conjure some real-life “good news” at what we are seeing along our highways.

My wife and I no longer are pumping diesel fuel into our sole mode of motor transportation. Our new pickup is a gasser, unlike our former vehicle, which guzzled diesel fuel.

We drove nearly 600 miles to and from the Texas Hill Country this weekend. I noticed about two, maybe three, service stations advertising gasoline at $3.99 per gallon. I recalled a comment from a Dallas-Fort Worth TV news anchor the other day, seeking to put a positive spin on $3.99 gas, only to acknowledge that his obvious eye-rolling meant he didn’t mean to suggest we should be happy with paying less than $4 per gallon.

I’ll close with this: What goes up so damn rapidly almost never comes down at the same rate of speed.

Why is that? I figure the fossil fuel companies want to reap the reward for as long as possible of investors’ nervous jerks about the worldwide oil market.

In some quarters, I believe they call it “price gouging.”

johnkanelis_92@hotmail.com

POTUS pounded unfairly

My bias is clear and well-documented on this blog. I stand in support of President Biden.

That said, I need someone to explain to me just why he is getting pounded — in my view unfairly — for the rising energy prices that are taking an increasing bite out of our disposal income.

Supply of fossil fuel is down, demand is up. Russia has gone to war with Ukraine, forcing the United States and our worldwide allies to cut off Russian oil exports. The “supply chain” crisis isn’t letting up. Not only that, Americans are paying less for fuel than citizens of many other industrialized nations, meaning that this is a worldwide crisis.

And yet …

We hear from the right wingers that Biden is “doing nothing” to ease the pain at the pump. We hear he is feckless and clueless.

How in the world does the president of the United States control the worldwide supply and demand? What can he do to correct it?

Hey, I admit to being slow on the uptake on a whole array of issues. This is one of them. I don’t profess to know all the answers. Hell, I cannot even figure out how to correct some of the glitches in my TV streaming service at home.

I have said all along — and this argument has applied to presidents of both parties — that the POTUS never should take undue credit for success, nor should he received undue blame for problems that occur on his watch.

However, Joe Biden is the president of the United States. He has served in government long enough to know that the blame he gets just goes with the territory.

It’s just not fair.

johnkanelis_92@hotmail.com

Herring rumbles persist

I keep hearing the rumbles from up yonder on the Texas Caprock about a landmark structure in downtown Amarillo.

It’s the Herring Hotel building. I need to add the term “building” because it hasn’t been an actual hotel since the 1970s. It has been rotting for decades.

Along comes a firm that is trying to market it to investors. One of my spies in Amarillo tells me the firm specializes in historic hotel structures. It is working, my snitch tells me, on the Le Meridian in Fort Worth. The theme of whatever happens to the Herring will be to honor the heritage of the region.

OK. Let’s see. That would be cattle, railroads, oil and natural gas exploration. Let’s throw in medical research and development, along with nuclear weapon assembly and disassembly, and — oh, yes! — with aircraft manufacturing and assembly.

That’s a varied history, don’t you think?

The Herring used to be the place to see and to be seen. It was the site of extravagant parties and was a gathering place for the rich, famous and those who aspired to be, um, rich and famous. These days it’s a place where homeless people seek shelter from the frigid Panhandle winter.

I want life to return to the Herring. The city has turned several important corners in its efforts to revive its downtown district. It has restored old buildings (turning two of them into hotels), built a baseball park, welcomed a glitzy new hotel near City Hall.

I am not going to predict that the Herring site is going to turn into shiny new jewel that towers over the north end of Amarillo’s downtown district. However, the rumbling just won’t stop. It leads me hope there’s something to what I suspect might be about to occur.

johnkanelis_92@hotmail.com