The biggest “news item” around here is the “down time” over this 2,3,4, or 5-day weekend for the Fourth of July celebrations. Around here – living in the 56th largest county in Texas – at 1,078 square miles – most of it heavily forested in pines and mixed hardwoods – our biggest concern is fires. Doesn’t slow the sales of fireworks, though. People have a hard time connecting “cause and effect.”
Ther schedule is pretty clear: Beginning as a (nearly typical) weekend. But Monday? Early close for the markets Monday which means lighter traffic than usual on the LIE (Long Island Expressway, for those west of the Miss.).
Gasoline prices are reasonable – if $3.543 nationally per gallon according to Triple A is “reasonable.” By Labor Day, we figure prices may be higher, though, as oil production cuts are on their way.
Air travel is a whole circular firing squad unto itself. Amidst a flurry of reports that air travel will surpass pre-Covid levels, here comes another of those “Paradoxes of Technology” we were kicking around on the Peoplenomics subscriber side of the house this week: Deadline for airline 5G retrofits could add to travel woes this July 4 holiday.
Until every aircraft is retrofitted, the main risk from 5G seems limited to “Category” landings down to decision altitude under poor instrument conditions when a radar altimeter is required. If you don’t have an ALA-52B installed and signed off (or a comparable TSO’ed unit) then the July 1 deadline for compliance is the hard deck…
The Ure family advice about holidays? Coming from a first responder/news lifestyle is “Take the overtime and schedule comp time to a less hassled probability window.” Like mid-September (on) is much better for tourism most places, anyway. Shorter lines at D-World, too.
All about Money, Honey
So, is all the “grinding” worth it? Figures on Personal Income and expense have just dropped. Have a look:
Purchasing Manager numbers mid-morning and some farm price data before the close will put the ribbons on it for the week.
Trends and Troubles
Based on early futures pricing today, here’s how our Aggregate Index has performed since the all-time highs recorded November 8, 2021:
We wouldn’t be surprised – given world events in SE Europe to see some unloading before the day’s out.
Bitcoin was holding around $30,800 earlier in the unbearable hype field. Usefully, we have looked at the whole crypto world as similar to the cyclical land rushes in Las Vegas as the Strip was built out.
In Crypto, the “new properties coming to the Strip” include? Fidelity Officially Submits Its Spot Bitcoin ETF Application and along with it Game-Changing Alert: CME Group to Introduce Ether/Bitcoin Ratio Futures, Unlocking Exciting Trading Opportunities and Fueling FOMO. Uh-huh.
Just like Lady Luck being offered in BTC, ETH, and all the rest, now we have new high roller parlors like ETFs and Futures contracts…all so very Vegas-like but without the shows, buffets, comped drinks, and mob influences. Oh, wait…maybe we leave that last one open.
Equity /= Equalty: RBO Question
Don’t be surprised if there aren’t what will be staged left-wing demonstrations and maybe more over the holiday. Because no less than the U.S. Supreme Court has confirmed what we’ve always held to: Equity is NOT Equality.
Much is being made of Supreme Court ends affirmative action in colleges | AP News.
Equality means everyone gets treated Equally. Equity means some people are special. A violation of the Equal Protection Clause of the Constitution’s 14th Amendment. Which reads:
“No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.“
When a law uses race, color, creed, national origin, religion, gender, (yada, yada) it gets into the “more than one application of law” which – it is agreed again – is a no-no.
The liberals hate the decision. Take a look at What leaders are saying about the end of affirmative action (inquirer.com). Thing is, however, if we can ask a broad question here: In a genuinely EQUALITY-based Nation, should we have RBOs of any kind? (*Racially based organizations.)
A sound discussion might focus on whether the existence of RBOs creates more discrimination than it prevents. Dueling organizations (NAACP or SPLC on one side versus the KKK on the other, for example) become monetizations which raise money and conduct activities increasing polarization. Do we really need or benefit from tax-exempt 501(c)(3) RBOs? Can we at least tax the dividers? Rather than have taxpayers, in some sense, funding divisiveness?
Not a simple question – you have time to think about it, though. Congress will waffle and muff it the rest of my lifetime, I’m sure. Too much money, guilt, and blame to do otherwise. Still, EQUALITY is simple.
But then again, should religions be tax-exempt puts us on the road to damnation and brimstone for even asking.
Still, doesn’t 501(c)(3) violate EQUAL protection, too? Climate change peddlers, too… My God, this could get ugly, huh? But there’s equality and there’s IRS rules… And here come the divisions and the Hate Industries. Ever see how many gender groups are 501(c)(3)’s? Telling you, division was crafted into the Tax Code. Very clever, non?
Ah, but who’d want to work in a country focused on working hard and getting ahead based on personal excellence, huh? Read more, think more. Why, we might become dangerously Great Again down that path…
More decisions on the way today: Supreme Court to rule Friday on student loans, LGBTQ rights.
Glop and Slop
Path to war is still evident: Could Donald Trump have tipped off Vladimir Putin about Wagner mutiny? President Biden says… makes for an interesting read. Especially where Biden admits prior knowledge. We still see a path to war in late July.
No glory to it, to speak of: Forbes: NATO shocked to see Ukrainian casualties within 48 hours – Worse than estimated.
We have to get into the NFT business! Former First Lady Melania Trump Launches New NFT Collection. And, if that’s not strange enough? Notice that Hunter Biden Settles Dispute Over Daughter, 4, by Giving Her Some of His Paintings. Seriously?
More fun with Hunter, too, as we read the report IRS whistleblower: Hunter Biden hasn’t paid taxes on 2014 money from Ukrainian oligarch’s firm. With additional perspective found in Pressure grows on judge to reject Hunter Biden plea deal amid evidence of DOJ interference | Just The News. So, who was the “deciding official” then?
And the queer beer stories continue: Anheuser-Busch fires back after Dylan Mulvaney claims she was abandoned during Bud Light backlash (nypost.com). And while Modelo Especial continues to gain market share, Cost of beer continues to rise going into holiday weekend – 104.5 WOKV. None of which is surprising…the situation being fluid.
ATR: Two for the Road
A couple of songs to set the tone for our weekend thinking about stuff:
And of course…
Charts on Peoplenomics tomorrow.
And drop by here for ShopTalk Sunday. Set up and use of the ATS-25 HF radio.
Off to thaw out a prime rib for my 74th Fourth. No more 5th on the 4th for us, though. Yesterday’s column is here.
Write when you get rich,