Show of Shows

Barnum and Baily will have nothing on the show opening and closing tomorrow with the DNC.
Hooboy, the Democrat National Committee is going to hold in the main ring, actually the only ring in the one ring circus, the Greatest Clown Show ever seen in any political arena.

With the DNC moving so far to the Left, most of your father’s Donkeys don’t recognize them as any part of the American party. And they’re not. The whole program have become a Clown show of Socialists/Marxists/Communists that call themselves Progressives.
The Troika wanting to head this Leftists crowd is:
dnc-leaders

Ellison’s platform for the DNC is simple: Impeach Trump. He also might want women to wear burkas and be caned once or twice a day for the hell of it.

What Bernie is doing hanging around with a Muslim is good grist for the mill. Then again, he votes with that anti-semitic crowd called the Jackass party so “go figure!”

The third clown of this triumvirate is Fauxahontas. Purportedly, she’s 1/32 second Indian of the Mulligatawny Tribe of Mumbai, Oklahoma. With all the crazed ideas necessary to fit into that leadership position, she’s a shoe in to Madam Squaw.

The three should command almost 20% of the voting population in the US including the Walking Dead.
Chuckie Schumer, the Senate Mouth, has been going nuts to no avail. One has to believe that a scorched earth policy is the new best plan and he’s got these three to ride point for the death of the Jackass Party. There steeds will be Black Unicorns.

Toon in

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Climate Foibles

For those convinced that Climate Change is is the cause of insufficient taxation, heavy carbon usage and the election of Trump as President, they now will point to the sudden eruption of sunspots as a further death of Gaia. Here’s the imagery they want to use to bolster their case.
sunspots

A moderately large sunspot group is emerging at the circled location.. Credit: SDO/HMI

The Sunspot Number

Scientists track solar cycles by counting sunspots — cool planet-sized areas on the Sun where intense magnetic loops poke through the star’s visible surface.

Counting sunspots is not as straightforward as it sounds. Suppose you looked at the Sun through a pair of (properly filtered) low power binoculars — you might be able to see two or three large spots. An observer peering through a high-powered telescope might see 10 or 20. A powerful space-based observatory could see even more — say, 50 to 100. Which is the correct sunspot number?

There are two official sunspot numbers in common use. The first, the daily “Boulder Sunspot Number,” is computed by the NOAA Space Environment Center using a formula devised by Rudolph Wolf in 1848:

R=k (10g+s),

where R is the sunspot number; g is the number of sunspot groups on the solar disk; s is the total number of individual spots in all the groups; and k is a variable scaling factor (usually <1) that accounts for observing conditions and the type of telescope (binoculars, space telescopes, etc.). Scientists combine data from lots of observatories — each with its own k factor — to arrive at a daily value.[snip]

And there yo have it!
People who have nothing better to do than burn out their retinas by staring at the sun with a pair of binoculars, count sunspots for you, add them up and tell you the world is ending.

Someone has to do it.

Watermelon Investing

“Management fees would increase under each of these three divestment scenarios because VPIC commingled funds, where the bulk of VPIC’s fossil fuel were held, would have to be restructured into materially higher-cost SMA [Separately Managed Accounts] funds.”

In the previous posting one can see the loss of Return on Investment (ROI) can quickly become (RoI) Return of Investment.

From the literate pens at:
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Divestment report: Climate politics hurts pension fund returns

A study conducted for the Vermont Pension Investment Committee gives fresh ammunition to opponents of divestment from oil and gas in state pension funds.

The 63-page report, conducted by independent consulting firm Pension Consulting Alliance, finds that injecting climate change politics into state worker retirement funds harms fund performance and does nothing for the environment.

Last year, Gov. Peter Shumlin pushed for VPIC to divest Vermont’s state pension fund of Exxon Mobil and 200 other energy stocks. That agenda was strongly opposed by Treasurer Beth Pearce and  VPIC Chair Thomas Golonka.

The report highlights five key concerns about divestment, the first being that divestment imposes high costs and fees.

As of June 30, 2016, about 3.6 percent of Vermont’s $3.74 billion pension fund was invested in fossil fuels. Pearce’s office reported in 2014 that the costs to divest would be $134 million, including an initial $8.5 million and another $10 million in lost returns annually.

“The largest measurable explicit costs of divestment to VPIC would be ongoing increased management fees,” the report states. [snip]

Divestment in Vermont has powerful supporters and opponents.

Support for divestment is championed by 350.org, the Vermont Public Interest Research Group, and Shumlin, among others. Groups lined up against divestment include the Vermont Troopers’ Association, Vermont Retired State Employees Association, Vermont League of Cities and Towns and Vermont State Employees Association.

The authors note that divestment from fossil fuels is “a sparsely used strategy among U.S. public pension plans,” and recommends against the strategy: “We believe that VPIC’s significant proxy voting and engagement efforts on climate risk issues at fossil fuel companies, including ExxonMobil, and investment strategies other than divestment, are better suited than divestment for VPIC to manage risks and opportunities posed by climate change within its role as fiduciary of a U.S. public pension fund.”

These individuals, for the most part are socialists, with no background in economics unless it is in re-distributive Progressive policies of “What’s mine is mine and what’s yours is mine” governance.

Then they also believe this:
bus-rider

This kind of stupidity can’t produce a long life.

How to lose money without trying…

…by following the Vermont Guide to Investing.
Vermont’s pension plans are not paragons of prudent investing; quite the opposite, they show that touch of lunacy found only in a column written by Jack Krugman in the NY Times.
twilight-vermont Most investors look for ROI when they place their money in equities or bonds. High grade stocks that pay good dividends are a strong base for any portfolio and pension fund managers look for such investments to provide support to pensions during downturn times.

Political investing is pure idiocy. Money has no politics. It cares not who is in power. Some of these clowns believe they can do damage to a corporation by mass selling of the stocks, driving the prices down. Silly geese. One has to know that for every stock sale there has to be a buyer. If not an individual/corporation, then a brokerage house buys for it’s holdings and sells at a later date.

Using a political agenda as an investment guide, the Progs have lost more in the state’s pensions when they dropped some of the tobacco stocks which hold more than tobacco products, they want to divest themselves of any of the petrochemical stocks too. In what are they going to place the money that has been entrusted to them? Green energy? Not one iota of that can survive without massive subsidies from the government and when functioning, does more damage to the environment than said.epa-is-mumTo the Eco-freaks, the agenda is all that matters; losing money which isn’t theirs anyway, is fine to advance the goal of being MARXIST GREEN. They’re very accomplished at this.

There is more to this in the next post from Vermont Watchdog.

The Millennials

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evolving

Saving Vermont

Bureau Chief, Lou Varricchio authored this article at

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Read the entire article HERE

Millennials to the rescue in Vermont’s demographics crisis

Vermont’s dirty little secret is out in the open. The Green Mountain State is the victim of a demographic shift.

The state needs more young people and middle-class families — that is, more people paying taxes and fees.

The election of Gov. Phil Scott helped bring the secret out of the shadows.

With the rise of news stories about Vermont’s young people leaving the state in search of better-paying jobs, so, too, has its middle class begun to shrink.

For example, 64 percent of Vermont’s high school graduates go out of state for college, and many never return.

“We must acknowledge … our demographic and workforce challenges,” Scott said during his inauguration address . “It’s a complex problem and it will not be solved overnight. … We literally cannot afford to ignore this issue anymore.”

Shrinking workforce

Between 2000 and 2010 — during the governorships of Democrat Howard Dean and Republican Jim Douglas — Vermonters between the ages of 25 and 45 declined by 30,000.

Things didn’t improve much under Democrat Gov. Peter Shumlin.

“Since 2010, we’ve lost 16,000 workers … and that downward trend continues,” Scott said. “We are losing 2,300 more every year, which means, by tomorrow, we’ll have six fewer workers than we have today.”

As Scott also warned while lieutenant governor when his statewide “Everyday Jobs Initiative” hit the road, such losses erode the state’s tax base and scare away new businesses. “Those losses [are] making Vermont less and less affordable for those who remain,” he said.

Middle class blues

Between 1980 and 2015, Vermont’s middle class shrank 12 percent, according to a 2016 report by the left-leaning Public Assets Institute of Vermont. Meanwhile, job growth has flattened.

During the 2016 campaign, Scott said he’d like to see Vermont’s population expand from 625,000 to 700,000 over the next decade.

“This is a pretty tall order — maybe unattainable,” said Rob Roper, president of the Ethan Allen Institute, a right-leaning free-markets think tank. “Our state’s population is stagnant, and if we want to be able to continue paying for government services, we need to find a way to increase the number of citizens paying taxes into the treasury.”

During his budget address earlier in the week, Scott said $750,000 will be earmarked for outreach marketing that targets young people, working families and new businesses. [snip]

“Vermont has a reputation for being a hard place to make a living. It only makes sense that we make it easy for recent graduates to, for example, ski during the day, work a part-time job in the evenings, supplement their incomes driving for Uber and rent out the spare room over the garage through Airbnb,” Roper said.

“The myriad regulations standing in the way of this kind of economic flexibility for both employers and employees need to be scrapped, and Vermont should lead the way into the 21st century with a clarion call for millennials to come help us do it.”

What follows belongs to Vermont Loon Watch.

twilight-vermont
The Progressive Legislature has different ideas about how to correct 65 years of Hippy joy and Socialist rigamarole. Former Governor Shumlin thought their was nothing wrong with how the state operated; in his opinion the state still had taxpayers with money and the Federal government certainly could afford more debt. Senators Leahy and Sanders whole heatedly agreed.

assholeMilo Fumberst Director of Housing, Botos Centers and Substance Abuse, and a perennial Millennial,  offered a new program to attract Millennials to Vermont. Affordable housing is a must, so I have directed unused land in the variious cities to construct low-rent housing; we’re calling it Mom’s Basements and co-op dwellings. Millennials can live there at low to no cost until they get thoe $15/hr jobs at the restaurants and ski lifts. The big attraction is the inexpensive Botox treatments.
Botoxed and ready, Millennials leave Mom’s basement and streak to Vermont to save the State Botox is booming among millennials — some as young as 18

Getting tem jobs at that rate of pay will allow the State to tax them heavily and bolster our bottom line within 6 months. I people only read the NY Time and particularly Krugman, they would understand why Vermont has much more in common with Venezuela than just the letter V.