We're living in the crazy years

30-year-old politician refuses to resign after picture of him as a 16-year-0ld in black face surfaces.

State Rep. Anthony Sabatini, a 30-year-old Republican representing House District 32, said the image showing him as a teen with darkened skin while wearing sunglasses, a New York Yankees cap, a do-rag and gold chains has been “decontextualized” since his days at Eustis High School, the Orlando Sentinel reports.

“I’m 16 years old, one of my best friends of the time was black, and we thought at the time – looking back, it was immature – it would be funny to dress as each other,” Sabatini told the newspaper. “He dressed in my clothes – a Ralph Lauren polo shirt, shorts, Converse – and I dressed in his clothing … None of us thought 14 years later any of us would be a public figure and the photo would be decontextualized.”

Virginia’s governor’s predicament is amusing, simply because it’s fun to watch Democrats squirm, but really: are we seriously planning to go back 30-40 years into people’s lives as teenagers and see whether their adolescent behavior disqualifies them from public service, or even private employment? In the case of, say, burning small animals alive, say, bring it on. Otherwise, let it go.

Interesting period piece, but does it have value?

the fifties are calling: they want their cardboard model back

the fifties are calling: they want their cardboard model back

7 Memory Lane (off Riversville Road, and so named because it ends at a cemetery), has reduced its price to $1,695 million. It’s kind of cool, as an example of untouched, mid-1950s modern architecture, but I wonder what the market is for a house with no central air, two first-floor bedrooms with a shared, tiny bathroom, and a third guest bedroom on the floor below, plus a one-car garage and a carport? All on the west side of town.

Maybe a weekend retreat for an avant garde West Village couple with a pair of shih tzus but otherwise, tough sell, I predict.


Calling all you financial wizards

The year my father graduated columbia with an mba

The year my father graduated columbia with an mba

In 2015 I entrusted a significant (to me — to many readers of this blog, chump change) amount of money to a money management team, and then ignored it: either they knew better than I how to run things, or I shouldn’t have made the investment in the first place, Three-plus years on, with a portfolio roughly distributed between 75% stocks, 25% bonds, I’m at about exactly zero growth. Question for you geniuses is, given my dark, foreboding fears of coming developments in the global economy, am I better throwing the whole thing into a savings account and collecting 2.5%, insured, or trying a mix of index funds? I’m done with the paid managers, regardless.

(Just thought this might be an interesting topic for the blog’s readership, which seems heavily skewed towards a financial management background).

So, so much fun

The new Democratic Party is furious that Bernie Sanders is daring to respond to The Donald’s SOTU speech. As a white male, he has no right!

Sanders giving his own response, after Abrams gives hers, should be completely inoffensive. And yet some in the liberal coalition think Sanders has got some nerve: He's a white man, choosing to speak, even though party leadership has chosen a black woman to speak. (Doesn't he know it's Black History Month? For shame.)

#Resistance conspiracy theorist Louise Mensch was apoplectic on Twitter. "We already have to listen to one old white male traitor advance the Kremlin's interests, we don't need two," she wrote.

Mensch, of course, does not speak for sane Democrats. But a more respected voice, MSNBC's Chris Hayes, predictedSanders' commitment to doing the rebuttal—again, something he does every year—"will grate/alienate." It appears he was right: Many on social media dragged Sanders for daring to speak out of turn.

"Why is he talking over the black woman our party chose to speak for us?" asked the feminist author Amy Siskind. (Again, Sanders is not talking over anyone.) "This is disrespecting black women, the most important and reliable part of our base. He can speak another night. This is Stacey Abrams' night. She was the one the party chose. Nope. This is not his night!"

I’m so old, I remember when thinking that Russia was an enemy of our country was considered a delusional hangover from the 80s, but that’s an aside, The new Democratic Party’s insistence that white males and even white heterosexual females step aside from politics is, at least through the 2020 election, going to fare poorly, I predict.

On the other hand, the vast majority of the traditional Republican power structure is determined to see Trump fail, and, knowing full well that he will fall if there’s no wall under construction next year, will join with the Democrats to prevent it. They think they’ll rid themselves of Trump; I think they’ll see the destruction of their party.

Interesting times; buy popcorn futures.




The mirror cracked from side to side

State hospital tax was supposed to be an accounting trick played on federal taxpayers in favor of ourselves has, duh, proved to be just another tax on constituents.

Having inherited an unprecedented $3.7 billion deficit, Malloy proposed the hospital provider tax one month after taking office in January 2011.

It was to be a tax in name only.

The industry would pay $350 million per year to the state, which would redistribute and return every penny back to hospitals — plus $50 million more.

This back-and-forth arrangement — which is common in most states — would enable Connecticut to qualify for huge federal reimbursements through the Medicaid program.

But things began eroding almost right away. As state government struggled frequently with budget deficits over the next six years, the tax grew while the payments back to the industry shrank — despite an increase in the federal reimbursement rate.

Hospitals also could not even rely on the shrinking payments they would see in the adopted state budget. Legislatures routinely ordered Malloy to achieve massive savings once the fiscal year was underway — often with little guidance as to how those targets were to be met. And, at times, the administration would order emergency reductions to the hospital payments.

And so on. Details, found in the article itself, are sordid, but basically the Hartford Looters came up with a new tax , sold it as a non-tax, and then just couldn’t resist looting the federal funds that came in to “balance’ Hartford’s tax. So we have another $900 million in spending, with no way to pay for it.