Showing posts with label 2025. Show all posts
Showing posts with label 2025. Show all posts

Tuesday, April 21, 2026

Subsidiarity Economics 2026. The Times more or less locally, Part 3. The Wharton Way.

 

 "The Wharton Way"

Our strategic plan guiding us towards greater influence, innovation, and engagement for the advancement of business, education, and society at large.

Wharton School of Business website.

Donald J. Trump, who fancies himself a Wile E. Coyote level genius, is a graduate of the Wharton School of Business.

It certainly doesn't show, or Wharton isn't all it has been cracked up to be.

Having gotten the United States into an illegal war as Bibi Netanyahu talked him into it, Donny appears to have been taken off guard that Iran could and would close the Straits of Hormuz, hit tankers, and hit oil and gas facilities throughout the Middle East.

Why wouldn't they?

Perhaps if Melania lets Barron go see his father over Spring Break, assuming they're not perusing travel brochures entitled "where we can go to live after Don dies where people won't know we're Trumps", and assuming that Barron isn't doing the right thing and enlisting in the United States Marine Corps, they can break out some hex and counter games and play Naval based Superpower v. Land based regional power" and see how that works out.

Anyhow, Donny Trump (did we mention that he fancies himself a Wile E. Coyote level genius?) has lifted sanctions on already loaded oil tankers in the Persian Gulf, which means that Iran now has a source of cash it didn't before the war started.

So, we didn't wipe out their nuclear capabilities in the Twelve Day War, their government hasn't fallen in this one, people have not risen up to toss out the Iranian government, the Straits of Hormuz are closed, we didn't stockpile oil before the war, the price of oil has skyrocketed, and now the Iranians can legally transport some oil

Assuming that Trump isn't secretly trying to destroy the American economy and benefit Iran (and Russia), it's hard to see the smarts in any of that.

March 23, 2026

Even the best-case scenario for energy markets is disastrous

Whatever happens, high prices will outlive the Iran war 

March 24, 2026

Petroleum is back up over $100/bbl, basically because King Donny is a liar.

March 26, 2026

And the war inflation hits packages:

U.S. Postal Service Announces Transportation-Related, Time-Limited Price Change

WASHINGTON — The U.S. Postal Service filed notice today with the Postal Regulatory Commission (PRC) regarding a time-limited price change to better align its costs of transportation with the market. This temporary price adjustment will provide needed flexibility for the Postal Service by helping to ensure that the actual costs of doing business are covered, as required by Congress.

While this price increase is a time-limited adjustment, it will provide a necessary bridge to a permanent mechanism to reflect market conditions in prices for competitive products that can support the Postal Service’s ability to achieve the universal service obligation in a more financially sustainable manner going forward.

The planned price change, which was approved by the Governors of the Postal Service on March 24, is an 8 percent increase that would affect base postage prices on the following retail and commercial domestic competitive products: Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select. No other products or services would be affected, including First-Class Stamps. Pending favorable review by the PRC, the price change would go into effect at midnight Central Time on April 26 and would remain in place until midnight Central Time on Jan. 17, 2027. At that time, the Postal Service can determine if a different long-term approach is needed.

Transportation costs have been increasing, and our competitors have reacted with a number of surcharges. We have steadfastly avoided surcharges and this charge is less than one-third of what our competitors charge for fuel alone, so even with this change, the Postal Service continues to offer great value in shipping with some of the lowest rates in the industrialized world.

The time-limited price change is consistent with industry practices and will support the Postal Service’s ability to continue achieving its public service mission — providing a nationwide, integrated network for the delivery of mail and packages at least six days a week — in a cost-effective and financially sustainable manner over the long term, just as the U.S. Congress has intended.

The PRC will review the proposed price change before it is scheduled to take effect on April 26. Complete USPS price filings, with prices for all products, can be found on the PRC website’s Daily Listings section at prc.arkcase.com/portal/filings. Price tables are also available on the Postal Explorer website at pe.usps.com/PriceChange/Index.

# # #

March 27, 2026

More than 90% of new renewable power projects worldwide in 2024 were cheaper than fossil-fuel alternatives, according to the International Renewable Energy Agency.

Guess they aren't as woke as Chuck and demented Don would claim.

And this two years ago before the tin pot dictator decided to destroy the world's oil importation system.

March 30, 2026

West Texas is at $100/bbl this morning. Brent is at $115/bbl.

With the Houthis now in the war, there's a fairly good chance the Red Sea will be effectively closed, massively widening the war, and propelling the world into a King Donny causes severe recession.

March 31, 2026

Brent is at $114.88.  West Texas at $104.

The price of almost everything is rising.

This is your economy at war.  An undeclared war by a demented octogenarian.

April 6, 2026

Trump's Total War Budget

“More bombs, less of everything else” is a tough campaign platform.

West Texas is $110/bbl this morning.

April 7, 2026

All roads lead to higher prices and slower growth.

IMF’s Kristalina Georgieva.

April 14, 2026

We had in Wyoming record distributions of Meals on Wheels…So I’m worried.  I’ll admit it.

Cynthia Lummis.

April 15, 2026

Headlines in the CST:

Forbes: Trump’s wealth soars 60% since return

Trump administration will refund importers

Treasury chief confident on low core inflation

That last thing comes from Bessant so basically it's propaganda, as everything he says is.

April 18, 2026


The Rural Blog: Inflation surged in March due to Iran war and tariffs: War-related price pressures worsened inflation in March, which the Federal Reserve was already struggling to regulate, reports Colby Smith f...

High oil prices, explained by an expert

"It’s hard to know what level would make Americans start to really restrict their consumption."

April 19, 2026

Oh oh. . .

April 21, 2026

Presidential Determination Pursuant to

Section 303 of the Defense Production Act of 1950, as Amended, on Natural Gas Transmission, Processing, Storage, and Liquefied Natural Gas Capacity

Presidential Memoranda

April 20, 2026

MEMORANDUM FOR THE SECRETARY OF ENERGY

SUBJECT:       Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Natural Gas Transmission, Processing, Storage, and Liquefied Natural Gas Capacity

On January 20, 2025, I issued Executive Order 14156 (Declaring a National Energy Emergency), under the National Emergencies Act.  That order found that hostile foreign actors have weaponized America’s reliance on foreign energy and used it to cause dramatic swings in international commodity markets, leaving the United States and its allies dangerously exposed.  It emphasized that America must develop its capacity to supply reliable, diversified, and affordable energy to international allies and partners to compete with hostile foreign powers, strengthen relations with allies and partners, and support international peace and security.

Consistent with that declaration, I find that ensuring sufficient natural gas and liquefied natural gas (LNG) capacity is critical to sustaining United States defense operations and ensuring allied energy security.  Inadequate pipelines, processing, storage, or natural gas and LNG export capacity would leave the United States and its partners dangerously exposed in times of crisis.

Therefore, by the authority vested in me as President by the Constitution and the laws of the United States of America, including section 303 of the Defense Production Act of 1950, as amended (the “Act”) (50 U.S.C. 4533), I hereby determine, pursuant to section 303(a)(5) of the Act, that:

(1)  natural gas and LNG capacity, including gathering and transmission pipelines, compression, processing plants, underground storage, LNG liquefaction, storage and marine load, export facilities, and critical distribution infrastructure, are industrial resources, materials, or critical technology items essential to the national defense;

(2)  without Presidential action under section 303 of the Act, United States industry cannot reasonably be expected to provide these capabilities for the needed industrial resource, material, or critical technology item in a timely manner due to financing constraints, long-lead equipment and construction schedules, permitting delays, and infrastructure bottlenecks; and

(3)  purchases, purchase commitments, financial support for the development of production capabilities, or other action pursuant to section 303 of the Act are the most cost-effective, expedient, and practical alternative methods for meeting this need.

I have declared a national emergency under Executive Order 14156, and I further determine that action to expand domestic natural gas transmission, processing, storage, and LNG capacity is necessary to avert an industrial resource or critical technology item shortfall that would severely impair national defense capability.  Therefore, pursuant to section 303(a)(7) of the Act, I waive the requirements of section 303(a)(1)-(a)(6) of the Act for the purpose of expanding such capability.

You are authorized and directed to implement this determination, including making necessary purchases, commitments, and financial instruments to enable these projects, and to publish this determination in the Federal Register.

DONALD J. TRUMP

Last edition:

Subsidiarity Economics 2026. The Times more or less locally, Part 2. The "War, what's it good for?" edition.

Sunday, February 8, 2026

The 2026 Wyoming Legislature, Part 2. Pre Legislative Committee Edition.

 


November 15, 2025

Wyoming ‘Tim Tebow’ Rule Heads To Lawmaking Session


I'm frankly not keen on this at all.  Playing sports and being in activities are vital parts of school.  They help socialization.  Parents who seek to avoid socialization are harming their children and there are nwo a lot of private school options that would be better choices for those seeking to evade the perceived dangers, often fictional, of public schools

A long time legislator has passed away.

Wyoming Rep. John Eklund dies: Legislators say they will remember Eklund for his mentorship, kind spirit and thoughtful approach to lawmaking.

November 18, 2025

November 19, 2025

November 22, 2025

This is flat out irresponsible and insane:

Wyoming Legislators Advance Plan To Kill All Residential Property Taxes

December 16, 2025

Five takeaways from the Wyoming Legislature’s budget hearings: The Joint Appropriations Committee wrapped up its first round of hearings Friday.

December 19, 2025

 A Q&A with Pine Bluffs’ Justin Fornstrom, Wyoming’s newest state lawmaker: Laramie County commissioners selected Fornstrom to represent a House seat vacated by the late John Eklund.

January 8, 2026

We had this news posted here yesterday:

Abortion in Wyoming and the Law of Unintended Consequences.

 This is what happens when a dumb, paranoid,  amendment to the Constitution is made.

The amendment that brought down the state's abortion laws was passed due to right wing paranoia that the AHCA would create "death panels". That fear was frankly stupid, but it was adopted by far right Republicans who really believed it.  The prime architect of the amendment has gone on record that he'd feel awful if the amendment caused the abortion laws to fail, and in fact he should feel awful.

I'll confess that when I first posted this, I was harsher on the paranoia of the Wyoming Republican Party that gave us the dumbass head in the sand amendment to the Wyoming Constitution based on fear of the ACHA.  I'm obviously being less kind here.

Anyhow, the Tribune notes:

Wyoming Republicans seek to amend constitution

The flaming dipshits that passed the amendment that caused this to occur in the first place ought to just repeal that amendment.  Indeed, they ought to cal lit "B______ B_________was a dumbass paranoid moron amendment repeal".

They won't, as the best thing to do when somebody does something rampagingly stupid is to double down on the stupidity, apparently. After all, look at the ongoing Republican support for Donald Dipshit Trump.

Anyhow, they're going to address their failure with a proposed amendment to the Constitution. That amendment will fail to get support from the electorate, which they'll find basically likes the idea of killing babies as it means they can complain about gays and the transgendered while being sexually immoral themselves.

January 9, 2026

Rep. Elissa Campbell files resolution for Wyoming abortion amendment

That was fast.

Wyoming Democrats, I'd note, are making the classic blunder.  They should simply say nothing at all, and not go out to own a result that they don't really own.  The Wyoming Supreme Court's ruling came about as the far right of the Wyoming GOP went out and shot itself in the foot.  Now it's going to go to the voters.  A smart Democratic policy would be just to sit back and do nothing at all.  But, they  just can't help themselves:

Laramie lawmakers celebrate abortion ruling

The state supreme court ruled abortion is a fundamental constitutional right. Provenza, Chestek and Rothfuss say it’s a win for individual liberty and they’ll resist calls to change the constitution.

Chances are high that not enough Wyoming voters are going to vote for the proposed constitutional amendment for it to pass, and if there are, the Democrats are going to effect that anyhow.  Indeed, by making it an issue and embracing abortion, it'll drive GOP voters who likely would vote against the amendment or sit the election out, into voting as they'll want to vote against the Democrats.  Given the immorality of abortion, it's truly an example of errare humanum est perseverare diabolicum.

January 10, 2026

Lawmaker Unveils Bill To Prevent DUI Charges For Drunk Horseback Riding

January 13, 2026

Wyoming Freedom Caucus aims at state spending, voting machines and the judicial branch in 2026 priorities: The group of conservative Republicans has promised cuts since last spring, but won’t say where and how deep.

Lawmakers question Wyoming Public Media’s funding

The public radio station is headquartered on the UW campus and receives some state funding via UW’s block grant. WPM weathered a 10% cut when the Corporation for Public Broadcasting was axed.

January 14, 2026

The freakishly dumb caucus votes to keep everyone else as dumb as possible.

Lawmakers vote to axe UW’s block grant, defund Wyoming Public Media: Wyoming Freedom Caucus members on a key budget committee take aim at the state’s lone four-year public university.

My opinion, of course, is harsh, but frankly many of the Dukes of Hazzard crowd in the Freely Dumb Caucus don't trust education.  People who are educated don't believe the same dumb stuff they do, so they don't like it.

And they're going after the Wyoming Business Council.

This one at its core is a completely unthinking objection to socialism.  We don't like socialism, because it's socialism.  Not much more thought behind it than that.

I'll often hear that the WBC picks "winners and losers" which might be right, but the state's economy otherwise is pretty much making all Wyomingites losers.

January 16, 2026

Gov's Office: "This Is Nuts" As Bill To Kill Wyo Biz Council Heads To Legislature

January 17, 2016

Sigh . . . 

January 24, 2026

Going Feral: Lawmaker Unveils Bill To Sell Between 30,000 And 2...: Another moronic idea by a Wyoming Republican, a party which seems to draw from the endless well of bad ideas. Wasserburger is going right on...

Jacob Wasserburger came up with this bad idea, but it sounds a lot like he's been sitting around with Mike Lee, the Senator from Deseret.  He's signed on to the no prescription for Ivermectin act as well, these two things indicating that he's hanging out with, in not in, the Freedom Caucus.

January 27, 2026

Nuclear waste, state land use top Wyoming Legislature’s energy agenda: Recent controversies over sprawling energy development have triggered a slate of bills to empower voters and communities in state-level energy ambitions.

The assault on education in the legislature continues on:

After pushback, legislative committee scales back proposed cuts to public education: Lawmakers tweaked provisions that would have increased class size and omitted positions like school counselors from the funding model. This came after hours of testimony, much in opposition.

Noble act from the football coach.

Wyoming Football Coach Jay Sawvel Cuts Salary $125K To Boost Player Funding

When things are so bad that even UW football is cutting back, you know the "we don't need no education" crowd is way out of control.

The following should be a hard "no". 

Rep. Bill Allemand asks judge to rescind court-ordered alcohol testing during upcoming legislative session: The Midwest lawmaker is contesting his DUI charge following his arrest last month in Johnson County.

Tracking Shot Bears With Dogs Would Be Legal Under Hunting Bill

January 28, 2026

January 29, 2026

February 6, 2026

Wyoming’s 2026 budget session starts Monday. Here’s what you need to know.: Lawmakers have a budget to pass this year. Major cuts to the University of Wyoming and the Wyoming Business Council are on the table.

Tom Lubnau: This Session, A Failed Budget Shuts Wyoming Down

Columnist Tom Lubnau writes, "Stop worrying about appeasement and start worrying about Wyoming. Vote against dumb bills. Vote against social engineering. Vote against unconstitutional stunts and time-wasters. Keep this session about the budget—and only the budget."

February 7, 2026

Wyoming lawmakers exempt two UW programs, one facility from proposed $40 million cut: Lawmakers had previously exempted the education and agriculture colleges from what would amount to an 11% reduction to the school’s block grant.

Wyoming Bill Could Let 18-Year-Olds Carry Concealed Guns On UW Campus

 And something to remember:

Tom Lubnau: This Session, A Failed Budget Shuts Wyoming Down

February 8, 2026

Proposed Bill Would Legalize Corner-Crossing On Wyoming Public Lands

And this closes out this edition.  On to the live nightmare tomorrow.

Last edition:

The 2026 Wyoming Legislature, Part 1. The way too early edition.