Thursday, March 28, 2013

Rainy Days and droughts

The Texas Legislature may have overcome its resistance to use one to address the other. Not in the Biblical sense, thankfully...

The Texas House on Wednesday voted overwhelmingly to create a revolving, low-interest loan program to help finance a new round of reservoirs, pipelines and other water-supply projects for the drought-stricken state.

Lawmakers approved House Bill 4 on a 146-2 vote, but left the question of how much seed money to provide the program for another day.

State Rep. Allan Ritter, a Nederland Republican who filed the bill, said a $2 billion capitalization could finance the state's entire longrange water plan, which identifies 562 projects over the next half-century to satisfy the demands of a rapidly growing population.

The startup money would come from the state's unencumbered Rainy Day Fund under separate legislation filed by Ritter. His HB 11 is pending in a House subcommittee on budget transparency and reform.

So the bill to fund the projects' start-up costs need to be okayed. The opposition is small and loud and obnxious, and also consists of the usual suspects.

Other lawmakers have proposed starting the program with a smaller amount, while the conservative Texas Public Policy Foundation and Empower Texans group have urged them to not tap the Rainy Day Fund, which could hold about $12 billion by the end of the 2014-2015 budget cycle.

"If water is important enough to fund, then we should do it out of the general fund," said Rep. Van Taylor, R-Plano, who unsuccessfully pushed an amendment to block the use of the fund for the loan program.

And then it's the Senate's turn.

The Senate, meanwhile, has not taken action during this session on a version of the bill by state Sen. Troy Fraser, R-Horseshoe Bay. He also has proposed moving $2 billion from the Rainy Day Fund to help pay for water-related projects.

The state's water plan proposes construction of as many as 26 new reservoirs, as well as more desalination plants and pipelines and greater conservation, to meet the demands of a projected 46 million Texans in 2060.

If Texas does not develop new supplies, state officials say a repeat of the devastating 1950s drought, its worst dry spell on record, could cost businesses and workers $116 billion in lost income.

Bad jokes about praying for rain aside, this still seems like a bum way to run a railroad or a state government, doesn't it? Even 2 out of 150 House members who refuse to provide the down payment on the state's water needs is two too many. The Texas drought conditions are worsening even as this is posted. Try to imagine what things might be like five years from now, after a few more years of drought (and the refineries along the Ship Channel spewing out the toxins from the tar sands oil delivered to them via KXL).

As the Lege lumbers through the second half of the session, keep an eye on whether some grumbling bunch of conservative naysayers will have any luck curtailing or slow-walking the funding for this most critical of infrastructure requirements.

Update: Here's everything you need to know -- as of now -- about the drought in Texas. And here's more and more juicy details about the Republican infighting yesterday over the bill from the Texas Observer.

Wednesday, March 27, 2013

News you can't use

... for much. Because it will just irritate you.

-- Gun store cancels assault rifle sale to Gifford's husband:

An Arizona gun store owner has canceled the sale of an assault rifle to the husband of former congresswoman Gabrielle Giffords, after discovering that he made the purchase to highlight the need for gun control.

[...]

In a posting on Facebook on Monday, (Diamondback Police Supply owner Doug) MacKinlay said: "While I support and respect Mark Kelly's 2nd Amendment rights to purchase, possess, and use firearms in a safe and responsible manner, his recent statements to the media made it clear that his intent in purchasing the ... rifle from us was for reasons other than for his personal use."

"In light of this fact, I determined that it was in my company's best interest to terminate this transaction prior to his returning to my store," he added.

Oh, the sweet irony of Mark Kelly's 2nd Amendment freedoms nullified by a gun nut. (That powerful stupid is for you, Greg.)

-- Much of the focus on equal rights this week is on the Supreme Court cases being argued there. As politicians of all stripes have come out in support (and in opposition), it's valuable to know where one's silent enemies are: here is a list of ten Democratic senators -- not all of whom are up for re-election, at least one of which is retiring -- who have so far declined to endorse marriage equality. Know thy enemy... including those who withhold support, the most cowardly of all positions.

-- North Korea continues to rattle its sabers. On the bright side, Kim Kong-un did declare his support for gay marriage, emphasizing to world observers that he is "not a monster". Too bad for the world that's not quite accurate.

-- Rick Perry wants the president of UT gone, and he's going to get his way even if he has to spread sexual scandal rumors about people.

I see your true colors shining through, Governor.

-- Not to be outdone by the likes of Arkansas, North Dakota's governor signs the most restrictive abortion legislation in the nation into law. But Rick Perry and the Texas Lege are in the on-deck circle.

-- Pity Walmart. They seem to be having a people power brownout.

Margaret Hancock has long considered the local Wal-Mart Stores Inc. (WMT) superstore her one- stop shopping destination. No longer. 

During recent visits, the retired accountant from Newark, Delaware, says she failed to find more than a dozen basic items, including certain types of face cream, cold medicine, bandages, mouthwash, hangers, lamps and fabrics.

The cosmetics section “looked like someone raided it,” said Hancock, 63.

Wal-Mart’s loss was a gain for Kohl’s Corp. (KSS), Safeway Inc. (SWY), Target Corp. (TGT) and Walgreen Co. (WAG) -- the chains Hancock hit for the items she couldn’t find at Wal-Mart.

“If it’s not on the shelf, I can’t buy it,” she said. “You hate to see a company self-destruct, but there are other places to go.”

It’s not as though the merchandise isn’t there. It’s piling up in aisles and in the back of stores because Wal-Mart doesn’t have enough bodies to restock the shelves, according to interviews with store workers. In the past five years, the world’s largest retailer added 455 U.S. Wal-Mart stores, a 13 percent increase, according to filings and the company’s website. In the same period, its total U.S. workforce, which includes Sam’s Club employees, dropped by about 20,000, or 1.4 percent.

It seems that the high cost of low prices is just too much for the nation's largest retailer to bear. My heart bleeds.