Posts Tagged ‘Income Disparity’

We’ve Seen This Movie Before

June 24, 2022

            The nation’s news blockbuster this summer is God, Guns and Babies: God with the US Supreme Court ruling in favor of religious schools with equity of state public funding, Guns with the recent SCOTUS overturning of New York’s centuries old gun licensing regulation, and Babies with the Supreme’s latest hit single covering Roe. Is the reader beginning to detect a theme here? In Licking County Ohio the news has been pretty much a monogamous relation with Intel. Now Intel has floated the Idea of a possible split if they don’t get all of the expected dowry (kinda like old Elon Musk). Within the same week we get word that New Albany has agreed to a 30 year, 100% tax abatement for their suitor, Intel. Meanwhile, Intel has let slip that it won’t formally dive in without passage of the Chip legislation which has been languishing in congress. That legislation is to provide billions of dollars in federal subsidies to domestic micro chip manufacturers. No need to reference Fox Con’s Wisconsin debacle, heralded with much fanfare during the Trump administration (also another debacle, of a more sinister kind), and likewise on an enormous scale of jobs promised, economic redemption – Not! (but paling in comparison with Intel’s over the moon swooning) Licking County residents can’t tell if the current iteration of news they are forced to watch is a remake or rerun (does it matter?). They’ve seen it so many times before with the public private partnership deals made by JobsOhio, Grow Licking County, Newark Development Partners, as well as all the “just private” commitments to develop, only if the funding is provided by the state, county or municipality; usually in the form of tax credits (historic are the preferred genre), abatement or infrastructure subsidy, etc. They include, but are not limited to, things such as the Arcade, Central elementary apartments, “affordable housing” behind the north side Walmart (Not!), west and north Newark single family residential development, etc. All this involves community resources (public funding) used for the profits of private individuals (in archive news the Supremes designated corporations as individuals). It has all the earmarks of the “socialism” condemned by the right wing, free market fear machine. Only, because it is destined for Capitalist entrepreneurs, it can’t possibly be state sponsored socialism; more like state sponsored Capitalism which in the case of “Communist” China is considered negatively (how far off was Orwell?). The movie ends, as we all know, with the Intel tail wagging the Licking County dog.

The Sound Of Silence

June 1, 2022

“The Gap report released jointly by the Coalition on Homelessness and Housing in Ohio and the National Low Income Housing Coalition shows a deficit of 254,545 rental units that are affordable and available to the state’s 443,717 extremely low income households. That equates to only 43 affordable units for every 100 households.” The report was issued 4-21-22. It followed data available through 2020 and does not include pandemic related housing stress. As pointed out by the report, rents jumped by an average 11% in major Ohio cities in 2021 (now, well into 2022, probably higher overall). “COHHIO Executive Director Bill Faith called on state leaders to invest $308 million of the $5.6 billion in State Fiscal Recovery Funds that Ohio received from the American Rescue Plan Act to address the affordable housing shortage.” Remember Steve Stivers, former US Congressman from a gerrymandered district that snaked from the margins of Upper Arlington to the depths of south central Ohio? Of course you do. Who could forget his opting out of representing his constituents for a job with the Ohio Chamber, and the Trump intervened special election that followed? ““Employees need a safe, decent, affordable home to raise healthy families and be productive at work,” Ohio Chamber of Commerce President & CEO Steve Stivers said. “This one-time investment of Ohio’s Fiscal Recovery Funds on affordable housing will create jobs in the near-term, and will strengthen our workforce for the long-term.”” Duh? But Steve’s not alone in his public aspiration. “More than 200 companies and organizations are supporting COHHIO’s affordable housing plan, including the Ohio Chamber of Commerce, Ohio REALTORS, the Ohio Bankers’ League, CareSource, Huntington Bank, Nationwide Children’s Hospital, PNC, and the Ohio Apartment Association.” It would be curious to learn if Park National Bank could be included. After all, Licking County’s Commissioners have a bit of an identity problem round about now. With Intel and all the big bucks development in the western portion, are we an urban center or an “Aw shucks” rural enclave encroached by modernity? No matter, “Erica Mulryan, Director of the Ohio Balance of State Continuum of Care, which oversees the homeless system in Ohio’s 80 non-urban counties, said rising rents and the lack of affordable housing are making it more difficult to get people out of shelter and into permanent homes. “Our agencies’ rehousing programs depend on private landlords to help get people out of homelessness. But it’s getting harder and harder to find landlords who are willing to partner with us,” Mulryan said. “Ohio’s rural and suburban counties desperately need more affordable housing.”” Get people out of shelter? What shelter? The leaders of Newark and Licking County have opted to not-be-able-to-afford-it. Meanwhile, in the county with a rural/urban identity problem, Kent Mallet gave this Economic Statistic in his Newark Advocate Answer Man column roughly a month after the Gap report: “The total volume of sold homes in Licking County through four months was $220,078,195. That’s a 21% increase from last year and a 51% increase from two years ago.” As pointed out in the previous blog posting, the county has increased its revenue stream in the last 2 years. This, in combination with the State Fiscal Recovery Funds included as part of ARP, makes the “can’t afford it” excuse rather disingenuous. Hear that silence? It’s not the duo of Simon and Garfunkel, rather the trio of Bubb, Black and Flowers, Licking County’s Commissioners.

Unspoken, And Unaccounted For

May 24, 2022

            Lots of continuous daily news dominates. In addition to the ever evolving Covid pandemic, there is the war in Ukraine, the politics of elections – current, past as well as upcoming – and the economy. Can’t forget the economy with its inflation, for which the preceding are given as reasons for its being. And here in Licking County Ohio the anticipated Intel workshop stains the daily news no matter what the reason (Analysis would say “sweatshop” but that’s no longer possible with the clean suits and clean rooms anticipated). Accompanying the near daily Intel stories are headlines like “280-acre commercial, industrial development coming to Harrison Township” (The Newark Advocate, 5-23-22) and other economic “growth” news. It is easy to overlook the weekly “Public Records” news published by The Advocate as this feature, easily obtained by the paper because it is a matter of public record (like the police blotter), has also been around for as long as, well, public newspapers. The 5-21-22 headline read “Public Records: Jersey Township property sells for over $4 million.” Both the headline, as well as the sale price, is not unusual. The history of area sales has been trending in this region for quite a long time. Market sale prices are not a “cause” of inflation, but certainly contribute. Scarcity is a primary “cause” of market pricing. Inflation’s poster child is the plethora of over priced flat screen TV’s available for immediate delivery. But Analysis digresses. It is hard to find “affordable” property transfers in the public records anymore. Million dollar plus sales are multiple each week. Most transfers are for residences in the 300K to 600K range. Below 100K is the exception. One thing unspoken with the market and inflation is that those earning a commission are experiencing a windfall despite doing no more actual work (labor) than if there were no inflation. Such is also the case with Licking County Ohio. For each $1,000 in sale price, the county receives a conveyance fee of $2. Considering, with Intel and all, that million dollar properties are now the norm, unexceptional, the County is taking in a premium of tax revenue without any additional labor. When it comes to County infrastructure spending (the “labor”), the County primarily draws on ARP, Federal Infrastructure Bill funding as well as State Intel assistance. Isn’t it time for Rick Black, Tim Bubb, and Duane Flowers to give back, and pay forward by investing public revenue in affordable public housing? The relationship between those without a house (the homeless), the scarcity of available affordable housing, and the million dollar real estate market couldn’t be any clearer.

In Which The State Does Not Exist

April 2, 2022

            In the previous post (3-27-22), Analysis considered an alternate look at the state, one in which the state itself was the disguise. The quote from Graeber and Wengrow’s book was focused on “the realities of power.” Analysis gave three examples of where it ostensibly looks like the state is about the business of running or solving things (wielding power) where in actuality it is only a front for an unnamed source. In 2 of the 3 presented (if not, in essence, all 3) the unnamed is the market, which the state is committed to keep “free” (at the expense of the rest of us). The quote suggested an alternate view can be achieved by looking where the state is not. A Washington Post article entitled Corporate landlords are gobbling up U.S. suburbs. These homeowners are fighting back. (Peter Whoriskey and Kevin Schaul, 3-31-22) does precisely that. No news here in Licking County Ohio that the anticipated Intel chip facility is the dominant news without a day going by that some feature of it doesn’t appear. Unwritten (specifically) is the likewise near daily pressure on homeowners to sell their property to “investors.” The red hot real estate market is fueled by cash only offers, driving prices up. The Post article sheds some light on this market (which has got to be free): “As investors have targeted the American suburbs, faraway companies have begun to take over entire blocks. Last year, investors bought nearly 1 in 7 homes sold in the nation’s top metropolitan areas – the most in two decades of record-keeping, according to a Washington Post analysis of data from realty company Redfin” “In Charlotte and surrounding Mecklenburg County, landlords backed by Wall Street own roughly 11,500 houses – more than 4% of single family homes, according to an analysis last year by the University of North Carolina at Charlotte Urban Institute. Most of the houses are in the starter home price range, “likely putting the most pressure on the lower end of the market,” said the institute’s Ely Portillo. Most of those purchases were made by one of six major out-of-state companies: Progress Residential, American Homes 4 Rent and Invitation Homes each owned more than 2,000 homes, according to the Urban Institute analysis, while Tricon, Amherst Residential and FirstKey each had more than 1,000 homes. Faced with this surge of corporate landlords, many homeowners associations have begun to fight back.” “Using the same legal authority that allows homeowners associations to punish people who fail to cut their grass, the [Charlotte, NC] Potters Glen board erected a hurdle for investors: a new rule required any new home buyer to wait two years before renting it out.” Other HOA’s in the area followed suit with varied duration of ownership and rental use restrictions. None outright ban rentals but rather are aimed at slowing the rate of return for non-owner occupant investment purchases (with their immediate profit expectations). For better or worse, HOA’s are grassroots democratic endeavors. Essentially they operate where the state is not. Much like unions they rely on active and engaged participation to be effective. And they can be squelched. In Ohio there are a plethora of laws continuously passed within the state legislature denying the Ohio constitution’s right of home rule. Like labor unions, HOA’s are formed and operate where the state does not exist (for the state masks the unbridled market). The implications of all this for Newark Ohio are staggering. As Analysis has repeatedly pointed out, just under half of all Newark residences are non-owner occupant (rentals). By definition HOA’s are comprised of owner occupants. At best, HOA’s are only a partial solution to the expanding domination of the free market.

The Mask

March 27, 2022

            “To understand the realities of power, whether in modern or ancient societies, is to acknowledge this gap between what elites claim they can do and what they are actually able to do. As the sociologist Philip Abrams pointed out long ago, failure to make this distinction has led social scientists up countless blind alleys, because the state is ‘not the reality which stands behind the mask of political practice. It is itself the mask which prevents our seeing political practice as it is.’ To understand the latter, he argued, we must attend to ‘the senses in which the state does not exist rather than to those in which it does’. We can now see that these points apply just as forcefully to ancient political regimes as they do to modern ones – if not more so.” (Pg. 430-31, The Dawn Of Everything: A New History of Humanity, David Graeber and David Wengrow) Lots of fanfare accompanied the signing into law of the bipartisan, big bucks infrastructure bill last year. The major political elites promised to finally address the issue of crumbling bridges, highways and other existing deteriorating physical necessities of a functioning community. Barely a whimper was noticed when it was disclosed that, here in Licking County, the petite political elites (the county commissioners) would choose to use the bulk of their allotment to build up the infrastructure required to support the anticipated Intel facility in Jersey Township. Undisclosed, except to the discerning, was the remarkable coincidence that the Intel negotiations took place concurrent with drafting of the bipartisan infrastructure legislation. What’s behind the mask? Currently other petite elites, Ohio House representatives Diane Grendell and Sarah Fowler Arthur, are co sponsoring Ohio HB 327 To amend sections 3314.03 and 3326.11 and to enact sections 3313.6027 and 4113.35 of the Revised Code to prohibit school districts, community schools, STEM schools, and state agencies from teaching, advocating, or promoting divisive concepts. Recently Representative Arthur was on record saying both sides of the holocaust should be presented when discussed. Is the mask a good fit? It was recently pointed out that in Zanesville Ohio “Only around 10% of the people who applied for a [Section 8] voucher in 2021 were actually housed, largely due to a lack of inventory.” “The Housing Choice Voucher Program [Section 8] is a federally-funded program that works as a way to help very low-income, elderly and disabled people pay their rent.” “That means around 90% of the people who currently need subsidized housing in Muskingum County aren’t able to get it. There simply aren’t enough landlords accepting vouchers and available units approved by federally set standards, according to ZMHA.” “”There’s a lot of reasons we struggle, but really right now it’s not as profitable here as it is in other communities,” Zanesville Community Development Director Matt Schley said. “It’s all about what the market can bare.”” (Zanesville’s lack of Section 8 housing leads to homelessness, instability Erin Couch for the Zanesville Times Recorder, 3-27-22) Does the market buy and sell masks?

The Healthy Practice Of Democracy

February 12, 2022

            In the news this past week was a city council meeting in Yellow Springs Ohio. Or shouldn’t we rather say the news was Dave Chappelle at a city council meeting in Yellow Springs Ohio? After 4 years of the Trump Presidency, we’ve all learned that celebrity place-ment makes a difference, especially in regards to civic proceedings. And the place of the celebrity in this proceeding made all the difference in the world. It also gives an enhanced meaning to “legitimate political discourse.” Like the January 6 original “legitimate political discourse’’, this one was also recorded on video. What we all can see, time after time, is a man getting up to address the city council with regard to proceedings over projected residential housing development. In no uncertain terms the man addressed the council as “clowns’ and told them he would withdraw his own projected development investment if the plan under consideration was passed. There was no back and forth, question and answer for the man was a celebrity. The celebrity was area resident, Dave Chappelle. After the “exchange’ (Not!), rather “legitimate political discourse”, the council withdrew the plan under consideration and approved the one amenable to the celebrity. End of story. Not! The media, both social and commercial (though both are commercial) picked up on the local Ohio story and made it national news.  Some critiqued the celebrity as stifling the development of affordable housing. Others claimed that to be a “smear” of the man. Celebrity smeared or not smeared became the focus of the news story. Analysis finds the event to be very informative and instructional for why, in our contemporary moment, we cannot deal with any of the “crisis” situations that confront us and grow with continued inattention. The Yellow Springs city council was considering two projections for residential land development. One, limited by the land size, offered roughly 100 single family homes to be built on the parcel. The other offered roughly 50% more units but in a mix of single family houses, town houses and apartments. This latter plan offered 2 acres for development as “affordable housing” (built by someone, at some time not specified). After the videotaped “legitimate political discourse” the council opted for the lesser unit single home plan. Not part of the celebrity obsessed media coverage was the ordinary acknowledgement that such council considerations are taking place practically everywhere nationwide. Nor was any attention paid to the fact that continuous expansion through single family housing developments is central to sprawl. And sprawl is unsustainable. The discourse or reasoned exchange (when it doesn’t include celebrities) usually is around low density single family residences and high density multi family housing. The MAGA dream of the 1950’s single family home promise (along with a chicken in every kettle) is incredibly outdated for the current time and concern with global warming. Celebrity investors rely on the promise and keep it on subsidized life support. In the end, there is zero affordable housing projected for Yellow Springs. Again, the same scenario finds itself repeated nationwide. Butt weight, there’s more. Part of the celebrity’s defenders  say new housing is win-win no matter what, and the ripple effect is that it opens up older “undesirable” units as  affordable housing (the rising tide lifts all boats argument). Not necessarily so. The moneyed are always at hand to buy up older residential units to convert (invest) into medical offices, strip malls, convenience store gas stations to serve the new arrivals to the upscale single family housing development. Chappelle himself was threatening to pull just such an investment in a projected comedy club in town. Again, the folks who will be employed at these newly created “jobs” enterprises will need to find affordable housing somewhere else as there will continue to be none in the town where they are  employed, necessitating a lengthy daily commute. This also is unsustainable for global warming, and any public transit solutions are doomed to meet the same fate as affordable housing (public transit fits in well with high density neighborhoods). Once again, the same scenario is replayed across the US. But not covered at all by the celebrity obsessed  media is the debilitating damage  wreaked on democracy when a wealthy celebrity, one member of the 1% in this country, can so easily and effortlessly determine institutions and policy for the entire community. This is not only unsustainable, but detrimental to the healthy practice of democracy.

One Picture Is Worth A Thousand Words

January 23, 2022

            The latest big news out of Licking County this past week also happened to make the national news. Intel is projecting to build (and install) a 20 billion dollar chip manufacturing facility (no, not the crunchy kind). It is to be located on the western border of Licking County with Delaware and Franklin Counties, just north of the New Albany business park complex. For someone visiting from Mars (no, not Elon Musk) it would only naturally look like an extension of Les Wexner’s New Albany (minus the white fence). Remember the multi million dollar freeway extension built specifically to link Les’s Easton with New Albany? But this digresses. Intel put out many “artist’s renderings” of the proposed project (does any reader recall the excitement over the artist renderings of the proposed “affordable” housing to be located behind Walmart on N. 21st St?). Most are from a drone cam point of view (surveillance is so today!). The prominent one being circulated the most shows a 7 story main building with the fab units receding to the zero perspective point in the back, and the main building surrounded by acres of parking lots (and cars) in the foreground. There is not a public transit kiosk or Disneyesque monorail terminal to be found. So much for IT being concerned with a carbon footprint, or building with the latter part of the 21st century in mind. No, it’s all going to happen by car over freeways, most of which lie outside Licking County. It is a race to the Los Angeles freeway rush hour bottom (or Boston, NYC, Chicago, or even, gasp, Cols.). But the breaking news announcement was staged in Newark, the county seat that identifies itself as just a small, all American town in the middle of a rural Ohio county. The fab plants’ location is a huge feather in the red MAGA cap of the county’s three GOP commissioners. It is something to continue the “Aw Shucks’ rural (us) vs urban (not us) identity paddy cake that has been going on for decades. Since the plant is on the margins of New Albany, and has access to CBus amenities, urban problems like affordable housing, child care, public transportation, hunger or access to medical care are someone else’s (what me worry?). The “Aw Shucks” rural small town of Newark can maintain its timeless aura, and appeal (like the pedestrian friendly downtown “destination” for which you need a car to access). Just so long as the 3,000 projected Intel employees pay the county taxes. JobsOhio has seen to it that Intel and its executives won’t.

The Role Of Flo In Learned Helplessness

January 2, 2022

            “Since winning a third term in 2019, Mayor Jeff Hall has faced some difficult times, including the death of Police Chief Steve Baum in March and the ongoing COVID-19 pandemic.” (Newark Mayor: Tough times in ’21; new leaders, housing, developments in ’22. Kent Mallett, Newark Advocate, 1-2-22). There’s an insurance company ad running currently in the media. In it Flo is trying to get a focus group to talk about the product they’ve just had the occasion to watch on the big screen monitor. Their response is “what product?” They have no clue what it is about since the video featuring the product seemed too much like an ad. They just block out ads that appear on screen. Mallett’s Sunday front page article would absolutely fit in perfectly with Flo’s promotion. Who reads this stuff? Unless you are integral to the operation of the GOP favorite’s machine (as Human Resource Director Bill Spurgeon must be), own properties in town (like Service Director Dave Rhodes) or are key to their development (as in Mark Mauter, Development Director), there isn’t much there for you. Sure, Covid is in the opening line, but other than being addressed as an inconvenience to the efficient operation of the business, er, city, it is regarded as a painless nuisance. When did you ever hear Mayor Hall come out and say “I feel your pain”? Suffering the pandemic akin to suffering the opioid/meth epidemic? Naaa. Any mention of the residents of Newark, the actual people, any insights on addressing their concerns or issues? Nada. As Mallett’s headline succinctly and pithily states, there isn’t anything covered that would fall outside the purview of the Newark good ole boy’s patronage network of property and largesse. Mallett affirms this by quoting the Mayor himself: ““Your job is always to try to hire within and try to see where your talent is,” Hall said. “I think that’s preferred. To properly manage this town, you’ve got to know the town. A lot of times you can attract people from outside the community, as larger cities do, and they don’t understand the culture, sometimes, in the community. I think they need to understand Newark pretty well. So, you’re always looking internal to see what can work.” (Kinda sounds like something Sparta Mississippi Police Chief Gillespie would say. Newark = Sparta? Naaa. Couldn’t be.)  Analysis finds it to be an understatement to speculate that most local readers just shut out this political ad. The three time mayor is pretty well counting on this. It is included in his plans to run for a fourth term.

Punch And Judy 2021

October 25, 2021

            In a news exclusive, Rolling Stone headlined: “Jan. 6 Protest Organizers Say They Participated in ‘Dozens’ of Planning Meetings With Members of Congress and White House Staff” (Hunter Walker, 10-24-21). The article swirls around the accounts of two anonymous individuals involved with the planning and organizing of rallies and events prior to the grand finale of January 6. The members of congress included “Rep. Paul Gosar (R-Ariz.), Rep. Lauren Boebert (R-Colo.), Rep. Mo Brooks (R-Ala.), Rep. Madison Cawthorn (R-N.C.), Rep. Andy Biggs (R-Ariz.), and Rep. Louie Gohmert (R-Texas)” as well as Georgia’s Rep. Marjorie Taylor Greene. Walker reports that in an email to Rolling Stone “Nick Dyer, who is Greene’s communications director, said she was solely involved in planning to object to the electoral certification on the House floor.” “Dyer also suggested the public is far more concerned with issues occurring under President Joe Biden than they are with what happened in January. “No one cares about Jan. 6 when gas prices are skyrocketing, grocery store shelves are empty, unemployment is skyrocketing, businesses are going bankrupt, our border is being invaded, children are forced to wear masks, vaccine mandates are getting workers fired, and 13 members of our military are murdered by the Taliban and Americans are left stranded in Afghanistan,” Dyer wrote.” Analysis finds that to be a pretty gloom and doom, negative and dire to say the least, assessment of America today. Shelves were empty, unemployment was skyrocketing and businesses were going bankrupt in 2020 when Biden wasn’t President. Just trying to steer the conversation like Youngkin is doing with school board controversies in Virginia? Perhaps. But Analysis is intrigued by the description of America presented by Dyer, not in the strategies of rhetoric. What if it is true? If it were true, one would expect the repercussions to be pervasive, across the board. September 2021 unemployment rate was at 4.8%, the lowest since before the pandemic. Supply chain issues are causing shelves to be emptied. Economist point to the pent up demand creating a tsunami of buying as one of the factors involved with this gap (and our methodology is as old as the extinct Sears Roebuck catalogue – we order it and expect it to arrive on demand). As for businesses going bankrupt, as of this writing the S&P was at 35,700. It has and continues to rise. In the past that would be an indicator of confidence in the ability to make money in America. But wait, didn’t we just assume that Dyer’s description of America was true? If the dire assessment is so, that conditions in America suck, then what creates the rising value of stock certificates, continuously increasing the wealth of the 1% who own most of it? Analysis finds a disjunct between what Dyer says (as spokesman for MTG) and what the financial wealth actually being made and determined says. Analysis finds that, true or false, Dyer is trying to steer the conversation (and have MTG benefit from the fear and anxiety it creates). But Analysis also finds that, true or false, the controversy and strife caused by “the conversation” has not dampened the ability of the wealthy to make more money from their money. It seems that the greater the chaos and crisis, the more opportunity there is to reap financial reward for those not caught in the fray. Analysis finds it all to be an obverse Punch and Judy Show, where the puppet masters are heartily enjoying (and benefitting from) the spectacle of their audience pulling each other’s strings while beating themselves senseless.

NO COLLUSION

March 8, 2019

First things first, Analysis needs to bring context to today’s post through a follow up to the previous two. Fresh off the new Governor’s State of the State but still the same old marketing to Ohio residents as well as outside investors, we give some numbers (the theme of today’s post). “The average JobsOhio employee made six figures in 2018, records show” by Andrew Tobias for Cleveland.com (3-7-19). The headline speaks for itself. “The nonprofit’s top-paid employee was outgoing President and Chief Investment Officer John Minor, who made $621,322.62 in total compensation, which includes salary, 401k contributions and health care costs. That’s $86,863, or 16 percent higher than he received the previous year.” “The second-highest paid employee was Dana Saucier, the nonprofit’s vice president and head of economic development. He received $353,099.72. Chief Financial Officer Kevin Giangola received $240,486.96, and General Counsel Don Grubbs made $238,163.06. Two senior managing directors made $342,155.67 and $304,863.34; Kristi Tanner and Aaron Pitts” “In all, 39 employees received at least $100,000, and 11 received more than $200,000. The average employee’s compensation was $107,741.25, compared to $98,129.02 in 2017.” You do the math. But Analysis notes the new Governor’s State of the State. What does he make? And his cabinet? From the same reporter/news source (Here are the salaries for Gov. Mike DeWine’s top staff — and how they compare to John Kasich’s, 1-30-19): “State legislators voted last December to give state and county-level elected officials across-the-board raises. As a result, DeWine will make $154,248, while Kasich, whose veto of the pay-raise bill was overturned, made $148,315. We did not include this in our average salary calculations.” And what was the averages for cabinet and staff? “The average DeWine cabinet member will make $156,377, compared to $151,140, or about 3.5 percent more, for the same jobs in the Kasich administration.” “Along with salary data for cabinet members, the DeWine administration last Friday released a partial list for top, but not-cabinet level, administrative staff. Those staff made an average of $114,254, compared to $116,000 for the Kasich staff.” Still want a government job, Bunky? Analysis shows top public private partnership ones pay better. But who’s working for whom? And what are they getting for it? (that includes you, Bunky) Writing for the Washington Post, Christopher Ingraham headlines Household net worth falls by largest amount since the Great Recession, new Fed data shows (3-7-19). Of note: “Total household net worth is a measure of the assets — such as homes, stocks and bank accounts — owned by American families and nonprofits minus their debts. In the fourth quarter of 2018, it fell by about $3.7 trillion, a 3.5 percent quarterly decline. Going back to 1952, the start of the Fed’s data, only three quarters — the third and fourth quarters of 2008, and the second quarter of 1962 — posted bigger declines in household net worth, percentage-wise. The data shows that change was driven by the poor performance of the stock market in the fourth quarter of last year. The flailing market erased $4.6 trillion in assets from household and nonprofit balance sheets, which was offset somewhat by gains in real estate and other assets.” Been wondering why your rent has been going up, Bunky? “More important, most of the household wealth in the United States is owned by the country’s richest families. In 2016, for instance, the top 1 percent of families owned 40 percent of all household wealth, with the next 9 percent of families holding an additional 29 percent. That leaves 21 percent of the country’s net worth for the remaining 90 percent of American families. Furthermore, about half of American families don’t own any stocks, while the top 10 percent of families control about 84 percent of the stock market. Taken together, the numbers are a reminder that the stock market is not the economy, and that big national-level data sets may not necessarily reflect financial reality for typical American families, many of whom live paycheck to paycheck and struggle to meet even small unexpected expenses.” Speaking of expenses, numbers news came out this week that addresses just that: “In Blow to Trump, America’s Trade Deficit in Goods Hits Record $891 Billion” by Jim Tankersley and Ana Swanson for the NY Times, 3-6-19. ““All countries run trade deficits whenever they consume more than they produce,” said Kimberly Clausing, an economist at Reed College in Oregon. “And when we borrow to finance tax cuts, like we did with the Tax Cuts and Jobs Act, we make these imbalances worse.”” “It is a case of textbook economics catching up with some of Mr. Trump’s unorthodox economic policies. Economists have long warned that Mr. Trump’s tax cuts would ultimately exacerbate a trade deficit he has vowed to reduce, as Americans, flush with extra cash, bought more imported goods.” Analysis can only conclude that the garage and yard sales market will rise in 2019 as average Americans will have so much more stuff to sell. No matter, as of this writing (3-8-19), Dear Leader’s morning constitutional tweet stresses once again, in all caps, “there is NO COLLUSION.” Confused, Bunky? By design, Bunky, by design.