Saturday, April 02, 2011

House Mouse, Senate Mouse



Weiner has been destroying for a few weeks now. Here he is speaking at the Congressional Correspondents dinner.



His Fox New interviews are instant classics.

Friday, April 01, 2011

Final Four activities today

And tomorrow and Sunday, for that matter. Thanks to the Chron for all of this. (For those of us who don't have -- or don't want -- tickets to the games but still want to play around in the vicinity.)


Friday

Bracket Town

Where: George R. Brown Convention Center

Time: 10 a.m.-8 p.m.

Tickets: $10 for 12-plus; $6 for 3-11, 55-plus; 2-under free

Tip-Off Tailgate

Where: Reliant Stadium Blue Lot

Time: 11 a.m.-4 p.m.

Tickets: Open to the public

What to know: The Tailgate allows fans headed to the stadium a place to buy food and beverage and listen to live music.

Final Four team practices

Where: Reliant Stadium

Time: noon-4 p.m.

Tickets: Open to the public

What to know: Watch the four teams participate in their last practice session before Saturday's games. I went to the regional version of this last year and spent about an hour watching the last half of Baylor's and the first half of Duke's practice and warm-ups. It can get a little boring, but if it's as close as you can afford to get to the court, it's well worth attending.

The Big Dance Concert Series

Where: Discovery Green

Time: 4-10:30 p.m.

Tickets: Open to the public

What to know: A block party and concert series sponsored by the NCAA. The day's headliner is Sublime with Rome.

College All-Star Game

Where: Reliant Stadium

Time: 4:30 p.m.

Tickets: Open to the public

What to know: Two teams of college seniors battle immediately following the open practices for the Final Four teams.

Saturday

Bracket Town

Where: George R. Brown Convention Center

Time: 10 a.m.-7 p.m.

Tickets: $10 for 12-plus; $6 for 3-11, 55-plus; 2-under free

The Big Dance Concert Series

Where: Discovery Green

Time: 11:30 a.m.-8 p.m.

Tickets: Open to the public

What to know: The day's headliner is Kings of Leon, scheduled for 3 p.m. and lasting one hour. Expect this show to go off on time, because the basketball games -- and the watch party there on a big screen in the park -- begin at 5:07.

Sunday

Bracket Town

Where: George R. Brown Convention Center

Time: noon-8 p.m.

Tickets: $10 for 12-plus; $6 for 3-11, 55-plus; 2-under free

The Big Dance Concert Series

Where: Discovery Green

Time: 3-10 p.m.

Tickets: Open to the public

What to know: Tonight's (8:45 p.m.) headliner is Kenny Chesney, but I prefer Uncle Kracker at 5:30 and Pat Green at 7.

Update:

Every year when I arrive at the Final Four city, I try to get the flavor of the place on the bus ride from the airport to the hotel. One of my observations after arriving in Houston is that it's a good city to get sick in. There seems to be a hospital or medical center on every block. Maybe that's why there are so many gun and weapon stores: people feel that if they accidentally shoot themselves, it's no big deal. There's a gun wound specialist just around the corner.

I saw a great billboard on the way to the hotel. It was an ad for a lawyer whose phone number is 713 - WASN'T ME. I'm not kidding. After seeing this, I kept hoping the next billboard would be from the prosecutor's office with the phone number 1-800-OH YES IT WAS. Unfortunately, the second billboard didn't pop up. It shouldn't have surprised me. I mean, what are the odds that those two billboards would be on the same street? I can't do the math and answer that question, but I'm pretty sure the odds of that happening are a lot smaller than the odds of seeing these four teams play this weekend.

Tuesday, March 29, 2011

Monday, March 28, 2011

The SHO/Final Four Wrangle

The Texas Progressive Alliance is ready for another sports-related tourist infusion as it brings you this week's blog roundup.

If the goal of the 81st Texas Legislature and Governor Rick Perry is to stifle job creation in Texas for the next two years, then Off the Kuff says they're knocking it out of the park.

Letters From Texas rolls its collective eyes about the word games played by the Republicans in charge as they announce their Senate subcommittee to find "non-tax revenue." Earth to Republicans: if we used to own it, but now the government owns it, it's a tax.

Musings looks ahead to 2021 in Connecting the Dots: Killing Education, Killing Unions, Funding the Tea Partiers. Give it a look. The videos are worth the price of admission by themselves!

WCNews at Eye On Williamson has something to say about the austerity budget: House Appropriations passes budget - tea party blamed for cuts.

In the latest post regarding the poll he's conducting on the mortgage interest tax deduction, PDiddie at Brains and Eggs explains why he has never owned a home.

CouldBeTrue of South Texas Chisme warns that Republicans are near their goal of killing public education for K-12 and at the university level.

Neil at Texas Liberal apologized for ever having voted for Houston city councilmember C.O. Bradford for any public office. Neil feels that voting for Mr. Bradford was one of the worst ballot box mistakes he has ever made.

refinish69 at Doing My Part for the Left is ever amazed by the stupidity of the Texas Lege. It is the gift that keeps on giving. Case in point is Rep. David Simpson's Don't Touch My Junk Bill.

This week, McBlogger takes a look at what austerity will do to Texas.

And PDiddie adds: as a type 2 diabetic for almost ten years, this was the most interesting thing I read in the past week.

Friday, March 25, 2011

"Hundreds of thousands of job cuts" in Texas

The only question is how Rick Perry will attempt to blame President Obama for it.

Deep reductions in a House committee's budget proposal would cost Texas hundreds of thousands of jobs through the next two years, according to an analysis released Thursday.

"I've been trying to say this for over a year. I've been trying to say how our economy was bad, and how our shortfall was going to be affecting Texas, and nobody seemed to believe me. But I think reality is probably setting in on that," said House Appropriations Committee Chairman Jim Pitts, R-Waxahachie. "I really didn't realize the extent of the total employment. It's pretty shocking."

"How about if we blame it on the Great Collapse of 2008?"

The Legislative Budget Board's "dynamic economic impact" analysis of the Appropriations-approved budget proposal predicts 271,746 fewer jobs in 2012, and 335,244 fewer in 2013, compared to what total employment would be if revenues and spending remained stable. That includes government and private-sector jobs.

The analysis cautions that the estimate "does not imply the state will lose that many jobs from our current employment level upon enactment" of House Bill 1, as approved by the Appropriations Committee this week.

Instead, it shows Texas would have fewer jobs compared to a scenario in which state spending remained constant relative to the current budget.
Bad economy blamed

"Since available revenue for the 2012-13 biennium is predicted to fall well below that amount, in large part due to the national economic recession, many of these job losses can be attributed to the steep downturn of the Texas economy during the past several years," the LBB analysis said.

"But I thought Rick Perry said Texas was doing great. Back during the campaign season. How about if we say it just won't be that bad, like Dewhurst has been saying?"

Senate Finance Committee Chairman Steve Ogden, R-Bryan, said the state needs to address the structural budget deficit caused by the 2006 school finance plan, but disputed the LBB's job loss estimates.

"We have a trillion-dollar economy in Texas. There's 9.5 million people employed in Texas. I don't think by any stretch of the imagination the budget that we pass is going to cost many - it may result in hundreds of job losses, but I would really doubt if it would be thousands," he said. "Most economic analysts would say that if you raise taxes to increase government spending, you'll cost jobs."

Travis Tullos, regional economist with Austin-based consulting firm TXP, described the LBB's prediction as a "worst-case scenario, generally speaking."

"If you were to increase taxes sufficient to cover that deficit - whatever that ends up being - that would be more deleterious to the economy than going ahead with a more conservative budget," Tullos said.

Vertigo-inducing spin. My question: how's that voting-a-straight-Republican-ticket-for-the-past-sixteen-years thing workin' out for ya?

Wednesday, March 23, 2011

"For me, life happened."

"I never planned to acquire a lot of jewels or a lot of husbands," ...  "For me, life happened, just as it does for anyone else. I have been supremely lucky in my life in that I have known great love, and of course I am the temporary custodian of some incredible and beautiful things. But I have never felt more alive than when I watched my children delight in something, never more alive than when I have watched a great artist perform, and never richer than when I have scored a big check to fight AIDS."

Tuesday, March 22, 2011

Why I have never owned a home

In the wake of this post on the mortgage interest deduction -- still want your input, by the way -- a few people marveled at the fact that I was a 52-year-old successful businessman who had never owned been a homeowner. They intimated a few common-to-me assumptions, one of which was that perhaps I was not as successful as I presented myself. (And I have certainly had some lean years, income-wise, along with the good ones.) But the overriding question  was some variation of: what's wrong with you? Why do you just want to pour your money down a hole by renting? Renting is for scumbags. You're not a scumbag, are you? How can you actually be a financial counselor and not be a homeowner? Well, like this.

A) Cash Gone. You have to write a big fat check for a downpayment. “But it's an investment,” you might say to me. Historically this isn’t true. Housing returned 0.4% per year from from 1890 to 2004. And that’s just housing prices. It forgets all the other stuff I’m going to mention below. Suffice to say, when you write that check, you’re never going to see that money again. Because even when you sell the house later you’re just going to take that money and put it into another downpayment. So if you buy a $400,000 home, just say goodbye to $100,000 that you worked hard for. You can put a little sign on the front lawn: “$100,000 R.I.P.”

B) Closing costs. I forget what they were the last two times I bought a house. But it was about another 2-3% out the window. Lawyers, title insurance, moving costs, antidepressant medicine. It adds up. 2-3%.

C) Maintenance. No matter what, you’re going to fix things. Lots of things. In the lifespan of your house, everything is going to break. Thrice. Get down on your hands and knees and fix it! And then open up your checkbook again. Spend some more money. I rent. My dishwasher doesn’t work. I call the landlord and he fixes it. Or I buy a new one and deduct it from my rent. And some guy from Sears comes and installs it. I do nothing. The Sears repairman and my landlord work for me.

D) Taxes. There’s this myth that you can deduct mortgage payment interest from your taxes. Whatever. That’s a microscopic dot on your tax returns. What's worse is the taxes you pay. So your kids can get a great education. Whatever.

E) You’re trapped. Let's spell out very clearly why the myth of home ownership became religion in the United States. It's because corporations didn’t want their employees to have many job choices. So they encouraged them to own homes. So they can’t move away and get new jobs. Job salaries are a function of supply and demand. If you can’t move, then your supply of jobs is low. You can’t argue the reverse, since new adults are always competing with you.

F) Ugly. Saying “my house is an investment” forgets the fact that a house has all the qualities of the ugliest type of investment:

Illiquidity. You can’t cash out whenever you want.
High leverage. You have to borrow a lot of money in most cases.
No diversification. For most people, a house is by far the largest part of their portfolio and greatly exceeds the 10% of net worth that any other investment should be.

When I began my first corporate career in 1981 with Hearst Newspapers, there was only one way to move up in the company (and industry) then, and it was to change newspapers, which meant changing cities. Hearst didn't have a relo program for middle managers, and that could have meant that I would still be owning a home today in Plainview, Texas. Or Midland. Not exactly the most robust of housing markets. Or I could have lost a small wad a time or two or three. Doubtful I would have made much, if any, on the sale whenever it happened, to save nothing of interest lost on the money I invested elsewhere than a homestead, taxes, yadda yadda.

Since 1993, and after a calendar year in the Tampa/St. Pete area (Jan-Dec of 1992) we've been back in Houston, but my second corporate career -- lasting until 2002 -- was in automobile dealerships, as the F&I guy. Less stability but about three to five times as much money as I ever made in the newspaper biz. And sometimes I was working on the southeast side of town (Clear Lake), sometimes the southwest (Sharpstown, with occasional duty in Rosenberg), sometimes north of downtown, once close to the Astrodome -- and to where I lived, in the Med Center/West U area. So we chose to live as close in to the city as we could afford -- since we're DINKs any worries about schools and so on aren't part of the equation -- with commutes for me in any direction that were outbound in the morning and inbound in the evening. Against the grain ... suiting my general contrarian philosophy. Once I started my insurance business in 2002, my commute became irrelevant to where I lived. I had a small office in the now-defunct Texas Gas Building in Rice Village; when it made way for those Bohemian things that will never be constructed, I just moved my office into the house (condo, as it were). Speaking of houses, I just rented one a year ago in the Willowbend area, and that was really only because the dogs -- first one, now two plus a foster -- needed a yard to play in. All of this time (living in Houston) I have paid anywhere from $1000 to $1500 a month, as much as most $150K-200K mortgages in the far-flung Houston suburbs but with a far greater peace of mind. YMMV.

Without the furkids I would still be waking up to a view of the Texas Medical Center skyline, looking east, from the fourth floor bedroom window, walking to the Rice Epicurean, walking to my dentist's office ... you get the picture.

I still have no desire to own a home, despite the fact that now may be the best time in my lifetime to do so (plentiful inventory, rock-bottom prices, most favorable terms).

So all this may be the reason why I have no real strong opinion about the mortgage interest deduction. But again, if you do I want to hear it. Comment there or here, please.

Update: I should add that since I moved into this house, the landlord has had to a) patch the roof, b) have dead limbs trimmed from the two large trees -- they were neglected so long that they were in danger of falling and possibly injuring someone, and c) replace the furnace -- which was $2000 by itself. Oh, and he had to pay the property taxes. I'm sure glad I didn't have to come up with all that out of my pocket at once.

Monday, March 21, 2011

The Vernal Equinox Wrangle

The Texas Progressive Alliance's brackets are still in good shape as it brings you this week's blog roundup.

WhosPlayin has been focused on Lewisville city council elections and the criminal records of two of the candidates, each of whom has assault convictions and each of whom lied on their ballot application.

Off the Kuff discusses the budget deal that allows for Rainy Day funds to be used to close the current biennium's shortfall.

DosCentavos compares the Mexican-shootin' Missouri legislator and the goings-on at the Texas Capitol and tell us what Dems should be doing.

Bay Area Houston notes that When the Galveston County Republican Party Chair slept with teabaggers he woke up with a bad taste in his mouth... and no job.

Are you in favor of preserving the mortgage interest income tax deduction, or do you favor phasing it out for larger, more expensive homes and/or wealthier taxpayers -- or eliminating it altogether? PDiddie wants your opinion at Brains and Eggs.

Musings gives an update on the ground perspective of why schools need more support staff, not less, in order to ensure student success with the new, more rigorous curriculum and testing mandated by the Legislature and SBOE.

WCNews at Eye On Williamson makes clear that the recent "drama" surrounding whether to spend some of the Rainy Day Fund was done for political cover, better known as The Show.

This week McBlogger takes a look at two crazy people who are, unbelievably, elected officials.

refinish69 at Doing My Part for the Left is disgusted and dismayed at the stupidity that is the Texas Lege. Nothing like a Clean Crapper Bill or protecting the ignorant to make the state of Texas proud.

CouldBeTrue of South Texas Chisme suspects that Republican hate against Muslims resulted in fires at a Houston mosque. Republicans have sliced and diced the American public every which way -- women, people of color, gays, teachers, nurses, Jews, Muslims and who knows what else. Wisconsin has woken up. Lets hope the rest of America soon follows.

At TexasKaos, lightseeker is Shocked! Shocked! at the new "edited" video that has hit the web. Check out The Media Fail Us Again- of NPR and Edited Videos.

Neil at Texas Liberal came across an example of extreme government direction of our lives.

And PDiddie adds: One of the most interesting things I read in the past week was this ...

I'm sure the government of Iran must be watching the events in Libya with particular interest. In December of 2003, Libya announced it had a nuclear weapons program and that it would get rid of it. The last of the nuclear weapons technology exited the country in 2009. Libya's repressive, dictatorial regime was welcomed back into the fold of the great Western powers and their friends (a.k.a., the "international community") and trade flourished. Now, just over seven years later, Libya is under military assault from those same powers, only now without the nuclear threat that keeps the West out of North Korea. For the power centers in Iran this must be particularly instructive. America will one day have another Republican president determined to go to war in the Middle East. Will the Iranian people rise up and find a government willing to crush dissent with brutal force? Will America decide that this cannot be tolerated and military action must occur? Will Iran have a "nuclear deterrent" or not? These are questions military leaders in Iran, and our folks in the Pentagon and intelligence community, must be considering. Military actions always have unpredictable repercussions.