Category Archives: business news

Long-term solution needs attention

The immediate impact of the world’s current crisis in Ukraine has been profound and powerful with the skyrocketing cost of fossil fuels — the gasoline and diesel we pour into our motor vehicles to get us from place to place.

It is affecting our plans here in North Texas, forcing my wife and me to rethink our travel plans as we move through this challenging year.

With that I want to offer a brief look at how this nation ought to deal with the immediate crisis. We ought not worry ourselves sick over immediate solutions but look ahead farther down the proverbial road at longer-term fixes. I refer to “green energy.”

We still consume a lot of oil-based products we pump out of the ground. That energy source is finite. There’s only so much of it we can remove from beneath Earth’s surface. Once it’s gone, it’s gone … forever.

Texas, though, has taken the lead on renewable energy sources, along with continuing to be among the world’s leaders in producing fossil fuels. We are continuing to invest in wind energy and in solar energy.

As far as I can tell, that old wind is going to keep blowing until the end of time. Take it from me, as someone who spent 23 years on the West Texas Caprock, I am well-acquainted with the power of wind and the potential it brings to keep the lights on. Any kilowatt hour we can generate from a wind turbine takes away what we need to produce from fossil fuel.

The Russians keep talking about cutting off oil supplies to Europe and beyond. The United States still imports some oil from Russia. If the Russians make good on a threat to cut us off, too, then the price is going to skyrocket to even higher levels.

The climate-change deniers debunk green energy as the stuff of washed-up hippies. Baloney! It is a serious alternative to the way we fuel our current lifestyle. Is there a short-term repair to the damage we are feeling at this moment? Not really. If we look at the longer term, we can keep our eyes on the bigger prize, which is the harvesting of energy from endless sources.

johnkanelis_92@hotmail.com

Lefty tells truth, then walks it back

Phil Mickelson has me officially puzzled. The Hall of Fame golfer known as Lefty to his fans and fellow golf pros, wants to do business with a nation he described in an interview as “crazy motherfu**ers” who kill people who disagree with their politics and scorn those who are gay.

Now he says his context were “taken out of context” and published without his consent. He apologized to Saudi Arabia, which has launched a pro golf tour that is going to compete with the PGA; Mickelson wants to join the Saudis, even though he said those astonishing things about them.

Which is it, Lefty? Are you in with those folks?

I guess I am left to wonder two things. Why would Mickelson, a six-time major golf tournament winner and one of the best ever to play the game, do business with those he scorns in the manner that he did? Moreover, in this social media age, doesn’t Mickelson realize that virtually nothing is “off the record” and that anything he says now is considered fair game?

This is not Mickelson’s finest hour. He has drawn harsh criticism from fellow golf pros, the PGA … not to mention the Saudi government.

Here’s the thing, though. Mickelson told the truth about the Saudis. As the saying goes, however, many times the “truth hurts.” In this case, it has hurt the guy who spoke it.

johnkanelis_92@hotmail.com

Will Trump take Fifth? Hmm?

You might recall the several times Donald Trump has declared that “innocent” people have no reason or justification to fall back on the Fifth Amendment to the U.S. Constitution, the one that protects citizens self-incrimination.

Well, ladies and gentlemen, we might get the chance to see if Trump really and truly believes it. You see, a judge has ordered the former POTUS, his oldest son Don Jr. and daughter Ivanka to testify — under oath — about their financial dealings that are under investigation by the Manhattan district attorney.

So, Trump will take an oath to tell the truth. If he has nothing to hide from investigators, he’ll talk. Isn’t that right? I don’t that’s going to happen.

His company already is under indictment for assorted felony accusations, such as tax fraud.

The walls appear to be closing in around Trump and his family. His son, Eric, already has hidden behind the Fifth Amendment, invoking it hundreds of times during questioning by prosecutors. Do you wonder what Daddy Trump told Eric after he left the conference room? Might he have called Eric a “loser”?

The smart money, based on what I have heard on the news, suggests that Trump’s lawyers will tell him to “not say a word.” His only option, therefore, is to invoke the Fifth Amendment.

But … hey. C’mon, Donald. An “innocent” man should be able to speak freely. Right?

johnkanelis_92@hotmail.com

You want inflation? Try this!

Once in a while I get reminded of how I remember life as a youngster and how the cost of doing routine business bears no resemblance to what I used know in the good ol’ days.

I went this morning to McDonald’s to buy some breakfast for my wife and me. I ordered an Egg McMuffin meal and a Sausage McMuffin meal. The cost of my order came to $15.98.

No big deal, right? Right!

Except that as I pulled away and drove back home, I recalled a transaction I made in 1968.

I was working at a McDonald’s in Portland, Ore. It was in late May of ’68. I was at the counter taking orders and a couple of young people with “Robert Kennedy for President” buttons on their shirts walked up to me and ordered 100 hamburgers.

Yep. One hundred hamburgers!

We served them the burgers and they paid $18 for all of ’em.

That order today would cost $109 … plus tax!

Just sayin’, man.

johnkanelis_92@hotmail.com

 

 

Hotel signals a potentially shiny future for city

By John Kanelis / johnkanelis_92@hotmail.com

I was unable to attend the dedication of a new hotel in downtown Amarillo, given that I now live about 360 miles southeast of the city.

The opening of the Barfield Hotel, though, has been on my radar for some time, dating back to my days as a journalist covering downtown Amarillo’s rebirth, revival and its renaissance.

The city has crossed what looks to me — even at some distance — like an important threshold.

The Barfield sat vacant for more than 30 years. It was a rotten hulk of a structure. Homeless people would sleep on the ground floor, freezing during winter nights. Then through a series of ownership changes, some fits and starts and a hiccup or two along the way, the city managed to cobble together a development package that resulted in the opening of what they call a “boutique hotel.”

Marriott Corp. is the lead company in this deal. I haven’t yet seen the newly revived Barfield building. I hope to get back there soon to lay eyes on the structure at the corner of Sixth Avenue and Polk Street.

Why is this an important event? Because it signals to me that the city’s downtown rebirth is continuing. The Barfield is just the latest in a series of triumphs that businesses and the city have scored along the way.

Hodgetown still welcomes fans flocking to the ballpark to cheer for the Amarillo Sod Poodles baseball team; the Embassy Suites hotel is up and running nearby; various storefronts have opened along Polk Street; the city is offering some additional entertainment venues for residents and visitors to enjoy.  Downtown hasn’t become Nirvana. That parking garage downtown is still lacking sufficient business activity to pay for itself, from I have been able to discern.

Still, downtown Amarillo, as near as I can tell, bears little resemblance to the moribund district I discovered when my wife and I moved there in early 1995.

Is the city done? Has the work been completed? Oh, I doubt it strongly. City Hall might be relocated. The Civic Center is slated to get some major work done. They’re building a new courts building to serve Potter County downtown. Oh, and then there’s the Herring Hotel building … another rotting structure that cries out for some tender loving care.

All in all, I am happy to see the progress being made in a downtown district where I used to work and which I once lamented about its future. I worry far less these days about the future of the city. It’s looking brighter all the time.

Who could have seen this coming?

By John Kanelis / johnkanelis_92@hotmail.com

Well now. A lawyer for the former Cheater in Chief says he will fight the order to release his client’s tax returns to Congress.

Who could have seen this coming? Oh, I don’t know. Just about … everyone!

According to The Hill: “There is no evidence of any wrongdoing here and I object to the release of the returns not only on behalf of my client but on behalf of all future holders of the office of the president of the United States,” Ronald Fischetti, a lawyer for (Donald) Trump, told The Wall Street Journal.

Think about the irony of that statement for just a moment.

“No evidence of any wrongdoing here.” That’s what the legal eagle says. My question is straightforward: If there’s “no evidence of wrongdoing,” then what in the world is the reason for withholding those returns, for keeping them from public view?

Trump attorney says he will fight release of tax returns | TheHill

The custom of releasing those returns arose from the Watergate scandal of 1973-74. Suspicion was rampant throughout the land about politicians’ wealth. Beginning with the 1976 presidential election, candidates of both parties agreed to release their income taxes to show the public they had nothing to hide.

To be sure, plenty of mega-rich individuals have sought the presidency in the more than 40 years since that time. For instance, Mitt Romney, the Republican presidential nominee in 2012, released his tax returns without a whimper.

The custom has held up over time. Then along came the 45th POTUS, who ran for the office in 2016. When he initially balked at releasing his returns, alarm bells began sounding all over the place. What’s he hiding? Is he as rich as he says he is? Are there business dealings he doesn’t want us to see? How much has he donated to charity? Is he paying his fair share of taxes?

The last question perhaps is the most pertinent, given that a president — along with Congress — helps set tax policy that forces all Americans to pay their share of taxes. I don’t know about you, but I want to know whether the president is doing his part, too, in paying for the government.

Of course, the 45th POTUS’s business dealings have become the subject of civil and criminal investigations. The former Liar in Chief said the feds are auditing his tax returns, so he can’t release them. The IRS says that’s malarkey.

Now his lawyer pledges to fight. Good luck with that. The former POTUS no longer can use the power of his office to stonewall what look to me to be legitimate requests to see his tax returns.

Give ’em up, Mr. ex-POTUS.

Let’s see ex-POTUS’s tax returns

By John Kanelis / johnkanelis_92@hotmail.com

Well now, the Department of Justice has spoken, telling the Treasury Department that it must release the long-sought tax returns of the former Cheater in Chief to Congress.

Is that the end of it? Does that mean the former POTUS is going to comply?

Oh-h-h no. Not even close. He’ll find a way to fight it.

The DOJ memo issued today is a reversal of what it declared when POTUS 45 was in office. There’s a new sheriff in town, so now the posture is different.

The memo said the following, according The Hill: In a memo from the Justice Department’s Office of Legal Counsel (OLC), acting Assistant Attorney General Dawn Johnsen said the Treasury Department was required to defer to the congressional committee.

“The statute at issue here is unambiguous: ‘Upon written request’ of the chairman of one of the three congressional tax committees, the Secretary ‘shall furnish’ the requested tax information to the Committee,” Johnsen wrote in the 39-page memo.

Unambiguous? That means it’s crystal clear.

Justice Department says Trump’s tax returns should be released | TheHill

Many of us have argued all along that presidential political custom should prevail in this matter. Candidates going back to 1976 have revealed to the public their net worth and opened their books to public scrutiny. That held true until POTUS 45 entered the presidential field in 2016. He said he would release them, then he backed out, then he agreed again, then he balked once more.

He said tax gurus are auditing his returns. However, he’s never provided a shred of proof that the Internal Revenue Service in fact is auditing his returns; the IRS, meanwhile, has said that an audit does not preclude a politician from releasing them to the public.

The ex-Liar in Chief insists there is nothing untoward in his returns. Well, alrighty then. If that’s the case, then there should be nothing to hide. Right?

At issue now is whether Congress can review the returns in private and decide whether to make them public.

Speaking only for myself, I want to see it all. We deserve — at the very least — to know whether the ex-Con Man in Chief is as rich as he has bragged of being.

Counter-intuitive message?

By John Kanelis / johnkanelis_92@hotmail.com

As a general rule I am disinclined to use this blog as a forum to criticize private businesses.

However, the image you see here appeared on my Facebook news feed and it prompts me to offer a brief commentary.

Wal-Mart says it is “investing in American jobs.” The other item you see circled is a self-checkout stand at a Wal-Mart store. The two things — the sign about investing in jobs and the checkout stand — appear to be counter-intuitive.

We have a Wal-Mart store in our town that has gone through a massive interior remodeling. It also is expanding its self-checkout operation.

At one level, I understand that Wal-Mart is entitled to say it is investing in American jobs if its investments include jobs related to warehousing, building maintenance, transportation, shelf-stocking.

The checkout counters, though, are the face of retail outlets … such as Wal-Mart.

I guess if I were to critique Wal-Mart’s advertising strategy, I would offer this bit of advice: Don’t position your “investment” sign within sight of a self-checkout counter. You expose yourself to ridicule.

Bipartisan solution still MIA

By John Kanelis / johnkanelis_92@hotmail.com

President Biden had the congressional Republican caucus in his hands … then he lost them.

Or has he?

Biden has this massive infrastructure package on the table. He is seeking some Republican buy-in.

The president talks a good game. He wants his GOP pals to join him and his fellow Democrats to join in the effort to fix roads, bridges and ports while also protecting families.

I had high hopes he could persuade what’s left of the GOP moderate mini-caucus to sign on. Those hopes are fading with the likes of Sen. Susan Collins of Maine suggesting that Republicans aren’t likely to spend so much money.

President Biden has a lot of experience working across the aisle with Republicans. He contends he has many friends on the other side; they speak kindly of him, too. Those Republicans, though, face pressure of another kind. They do not want to offend the still-significant number of their constituents who remain wedded to the Big Lie promoted by Donald J. Trump … you know the one about the “theft” of the 2020 election by voters who cast illegal ballots. Well, they didn’t steal anything. The only theft I can see is the pilfering of politicians’ honor and integrity.

It is carrying over into President Biden’s desire to achieve something close to a bipartisan solution to this infrastructure package.

I won’t give up hope that the president can deploy his vast knowledge of the political system to benefit millions of Americans who desire to see government work for them.

Time of My Life, Part 58: It goes with territory

By John Kanelis / johnkanelis_92@hotmail.com

My morning started at the Sam Rayburn VA Medical Center in Bonham, Texas, where I went for a routine exam.

During the course of the examination, the radiology technician and I engaged in some light-hearted banter that wove its way eventually toward some of the complaints she gets from veterans such as me.

“If I say something that someone doesn’t like, they go to” speak to the personnel office, she said. “Then I hear from her” and have to explain, she added.

No one tells the personnel office about all “thousands of good things that go on here,” she said.

I laughed. Loudly, in fact. It reminded me of an aspect of my career that I shared with the radiology technician. I will share it with you.

I told her that “when I was a working guy, I wrote editorials for newspapers.” One of the aspects of the job was getting feedback from readers. It could be positive. It could be negative. I told her that “I lost count many years ago of the time someone would say, ‘Hey, I really liked that editorial you wrote.’ I would ask him or her ‘Which one?’ They couldn’t remember, but only told me they liked it,” I explained. Did it frustrate me? Of course it did! I wanted to know the particulars of what pleased this individual; I didn’t tell her that part.

Then I told her, “If they disagreed with an editorial I wrote or a position I laid out, why they were able to recite it back to me … word for word.” 

Such is the nature of that line of work and so it is with what my new friend at the Rayburn VA Center has chosen to do.

I ended up telling her, “I hope you know it just goes with the territory.”

She understands.