Saturday, December 28, 2019

Holidaze: Another Brick In The Wall

The Trump regime has basically built zero new miles of border wall, because they haven't been able to get the land for it from people who live along the border, so now the Trump regime is stepping up Justice Department lawsuits to take thousands of miles of land by force through eminent domain.

Three years into Donald Trump’s presidency, the U.S. government is ramping up its efforts to seize private land in Texas to build a border wall. 
Trump’s signature campaign promise has consistently faced political, legal, and environmental obstacles in Texas, which has the largest section of the U.S.-Mexico border, most of it without fencing. And much of the land along the Rio Grande, the river that forms the border in Texas, is privately held and environmentally sensitive. 
Almost no land has been taken so far. But Department of Justice lawyers have filed three lawsuits this month seeking to take property from landowners. On Tuesday, lawyers moved to seize land in one case immediately before a scheduled court hearing in February. 
The agency says it’s ready to file many more petitions to take private land in the coming weeks. While progress has lagged, the process of taking land under eminent domain is weighted heavily in the government’s favor. 
The U.S. government has built about 90 miles of walls since Trump took office, almost all of it replacing old fencing. Reaching Trump’s oft-stated goal of 500 miles by the end of 2020 will almost certainly require stepping up progress in Texas.

Opponents have lobbied Congress to limit funding and prevent construction in areas like the Santa Ana National Wildlife Refuge, an important sanctuary for several endangered species of jaguars, birds, and other animals, as well as the nonprofit National Butterfly Center and a historic Catholic chapel. They have also filed several lawsuits. A federal judge this month prevented the government from building with money redirected to the wall under Trump’s declaration of a national emergency earlier this year. Also, two judges recently ordered a private, pro-Trump fundraising group to stop building its own wall near the Rio Grande. 
Even on land the government owns, construction has been held up. In another federal wildlife refuge, at a site known as La Parida Banco, work crews cleared brush this spring and the government announced in April that construction would soon begin. Eight months later, the site remains empty. 
According to a U.S. official familiar with the project, work crews discovered that the land was too saturated. The planned metal bollards installed on top of concrete panels would have been unstable because of the water levels in the soil, said the official, who spoke on condition of anonymity because the person did not have authorization to share the information publicly. 
U.S. Customs and Border Protection declined to comment on the issue of saturation at La Parida Banco, saying construction there was “currently in the design phase.”

Trump's biggest campaign promise in 2016 was 500 miles of new border wall by the end of his first term, and he'll be lucky if there's 50.  The last thing he wants is the papers in Texas and especially in Arizona filled with stories of government land grabs from law-abiding citizens being forced off their property by gunpoint as we head into 2020.

Of course, a second Trump term absolutely will be filled with those stories.  That's the point.

Holidaze: Eat The Rich

The leveraging of a giant social-media presence, a catchy tune about a family of sharks and a burgeoning collection of junkyards are just a few of the curious ways that helped make 2019 a fertile year for fortunes to blossom around the world.

Kylie Jenner became the youngest self-made billionaire this year after her company, Kylie Cosmetics, signed an exclusive partnership with Ulta Beauty Inc. She then sold a 51% stake for $600 million.

It has been almost two months since the Washington Nationals captured their first World Series championship, but people around the world are still singing along to the baseball team’s adopted rallying cry: “Baby Shark, doo-doo doo-doo doo-doo.” The Korean family that helped popularize the viral earworm are now worth about $125 million.

Even car wrecks proved to be a treasure trove. Willis Johnson, the gold-chain-wearing Oklahoma native who founded Copart Inc., has amassed a $1.9 billion fortune by building a network of junkyards to sell damaged autos.

Read more: Junkyard billionaire thriving on auto wrecks expands empire

The emergence of atypical fortunes underscores just how much money the uber-rich accumulated in 2019.

And the richer they were at the start of the year, the richer they got. The world’s 500 wealthiest people tracked by the Bloomberg Billionaires Index added $1.2 trillion, boosting their collective net worth 25% to $5.9 trillion.

It's unsustainable, of course.  25% yearly returns don't happen without massive economic depressions at some point.  But when we get there, the rich will be fine.  They always are.  The other 7.5 billion of us, not so much.

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