About Me

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Los Angeles, California, United States
The blog 'Breaking Bread' is for a civil general discussion, like you might have at the dinner table with guests. The posts 'Economics Without the B.S.' are intended for a general audience that wouldn't have to know the difference between a Phillips Curve, a Laffer Curve, or a Cole Hamels Curve. Vic Volpe was formally educated at Penn State and the University of Scranton, with major studies in History, Economics and Finance, and Business; and, is self-educated since by way of books and on-line university courses. His practical education came from sixty years of work experience in the blue-collar trades as well as a white-collar professional career -- a white-collar professional career in production and R&D. In his professional career and as a long-haul trucker, he has traveled throughout the lower forty-eight. From his professional career alone he has visited many manufacturing plants in the United States, Europe and China. He has lived in major metropolitan areas and very small towns in various parts of the United States. He served three years with the U.S. Army as an enlisted man, much of that time in Germany.
Showing posts with label Los Angeles. Show all posts
Showing posts with label Los Angeles. Show all posts

Sunday, June 8, 2025

President Trump, pardon all illegal immigrants whose only crime is minor.

 

Economics Without The B.S.**: 


[**  Double entendre intended.]


The Trump Administration right now is rounding up people in San Diego and Los Angeles who they say are criminals, with the criminality having to do with coming into this country illegally, without documents, and in some cases forging documents (like a Social Security card) so that they could find legal work.
I say if this is the crime then President Trump should use his powers, which he has used many times before, and pardon these individuals so that they can remain in this country legally.
After all, President Trump has already pardoned people who were convicted of rape, sexual abuse of a minor, and the January 6th insurrection to include seditious conspiracy. He also commuted the sentences of the leaders of the January 6th insurrection.

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And you can check this out on the web, with an AI Assistant.

“Reports from NPR indicate that among the individuals pardoned by Donald Trump who were involved in the January 6th Capitol riot, some had prior criminal convictions for charges including rape. These pardons specifically applied to their January 6th-related offenses, but their previous criminal records, including for violent crimes, were part of their history.

For example, NPR identified dozens of defendants with prior convictions or pending charges for crimes such as rape, sexual abuse of a minor, and domestic violence who received pardons from Trump for their involvement in the January 6th events."

“On his first day in office (January 20, 2025), Donald Trump issued a sweeping proclamation granting clemency to over 1,500 people convicted or charged with offenses related to the January 6th Capitol attack.

This included:
• Commuting the sentences of 14 individuals, notably leaders of the Proud Boys and Oath Keepers, who had been convicted of serious charges like seditious conspiracy. Their convictions remain on record, but they were released from prison.
• Granting a full, complete, and unconditional pardon to all other individuals convicted of offenses related to the January 6th events.
• Directing the Department of Justice to dismiss with prejudice all pending indictments against individuals for their conduct related to January 6th.
This means that a large number of individuals who participated in the January 6th events, including some who assaulted police officers or engaged in violent acts, had their sentences commuted or were fully pardoned. These actions were met with significant criticism, with opponents arguing that they undermined the rule of law and downplayed the seriousness of the attack on the Capitol.”

Sunday, August 23, 2020

A Proposal during the Pandemic to help small businesses asked to perform a social-welfare function

 

A Proposal during the Pandemic to help small businesses asked to perform a social-welfare function.

Economics Without The B.S.**: 
[**  Double entendre intended.]



So far, restaurants not recovering in the usual March to August time period -- data is only up to June.

If we are asking restaurants to operate at half capacity while we deal with the pandemic, are we asking them to perform a public welfare function? Should localities be paying for/reimbursing businesses for performing a public health function?

Can we do this by floating (selling) a bond issue by the local government, and the bondholders would be paid by the localities raising the sales tax? Can we float the bond on the public market, like other municipal bonds? Or, can the federal government/state government subsidize the bond's issuance? Or better yet (?) can our Fed be the buyer of the bonds, to subsidize the issuance, keep the bonds on their balance sheet as inactive reserves (like they did with mortgage pools from the Financial Crisis of 2008), not part of the money supply, somwhat similar to what any central bank does when a nation goes to war? -- this is sort of a national emergency.



Image may contain: text that says 'FRED 60,000 Retail Sales: Restaurants and Other Eating Places 50,000 40 000 0,000 20,000 10,000 2008 Jan 2009 Shading indicates recessions the most recent ongoing. Jan 2010 Jan 2011 2012 Jan2013 Jan2014 Jan 2015 Source: .S.CensusBureau Census Bureau Jan2016 2017 Jan 018 Jan 2019 2020 fred.stlouisfed.org'

Sunday, May 31, 2020

May 30th 2020, Revenge of the Digital Luddites

May 30th 2020, Revenge of the Digital Luddites


Economics Without The B.S.**: 

[**  Double entendre intended.]


Last night while watching the rioting – not to be confused with the peaceful protests earlier in the day about the police abuse of minorities in the George Floyd murder case – I was awakened to one of the street interviews by a reporter from my local area of Los Angeles.  Earlier in the evening reporters had interviewed some of the protestors, not rioters, one a young college educated minority who talked about the inequities of social and racial justice in our society, trying to explain why this rioting, and the looting and destruction of stores was happening.  In another separate interview the reporter had a husband-wife business owner team on mike asking if their business was destroyed as the reporter pointed out the destroyed looted buildings in the neighborhood.  “No” they said, “We are a service company.  We do not sell merchandise, so there is nothing to steal or anything that they [the looters] would want, they skipped us.”  I had to think about that; it struck me.

I am well into being a septuagenarian now, so I am well aware of riots from previous decades where the issues were similar to today; and, being a history major, some that preceded my existence.  The last major riot we had in Los Angeles was in 1992 related to the verdict acquitting police officers in the beating of Rodney King for a high-speed chase;  and that involved the breaking of windows, looting stores, and setting fires.  Breaking windows, interesting analogy?


Breaking Windows in Los Angeles – 2020?


1992?, that was right when Windows 3.1 came out, the first really popular version of a multimedia, graphical user interface program that replaced DOS-based software, and made navigating around the early Internet (prior to web-based search engines) much easier with a browser that could easily take you to a specific web site or bulletin board – this is all prior to Google and the World Wide Web.  1992?, that was right after the collapse of communism in Eastern Europe.  1992?, that was right before globalization would get an impetus from the collapse of communism and really start to take off for linking the world in an economic system that would spread resources more efficiently and productively for the benefit of humankind.  Right???

Well it was during that riot in 1992 where stores were looted and burned.  This time what I noticed was the looting in particular, and the setting fire to, seemed to be more organized on the part of the rioters –   several vehicles would drive up a boulevard in a shopping district, several people would get out dressed in dark clothes and with hoods and masks, go about breaking windows and doors to gain entry, and loot the place and come out with merchandise that was loaded in the vehicles and drive away, and eventually wind up in another shopping district to repeat the scene all over again.  But I wondered, what were they gaining of value to lash out at society this time?  Merchandise/goods?  We’re in a digital economy today.  A service economy today.  An information economy where knowledge-based work is performed and the people who do that work today are by and large handsomely rewarded.  What damage is being done to this society today with this riotous behavior, a society that is still mired in inequities and social and racial injustice?  Is this just a modern day version of the rage and anger of Luddites striking out futilely against inevitable societal changes that perpetuate past grievances and wrongs?


Luddites in England during the industrialization of early 19th Century


The rioters, and the protestors that defend this defiance, striking out against the material possessions of a modernizing wealthy society are misdirected, because in the intervening time since the Rodney King Riots and 1992, the wealth of a modern society has transmuted into an information age and knowledge-based society where value manifests itself less visibly.  The threat to a democratic society is not in the maldistribution of material possessions but in the inequality of opportunity when a knowledge-based society serves the interests of an oligarchic, aristocratic meritocracy.  These modern day Luddites are digitally duped, deceived, and lost their focus on a remedy, which needs redirection toward participation in our democratic process as well as its institutions, and not breaking windows to get in.

There were two videos last week that highlighted the inequality and social-racial injustice in our society.  What happened to George Floyd at the hands (knee) of the police was just one example.  The other was just as telling although less horrific; bird watcher Christian Cooper, a gentle man who politely asked a young lady walking her dog off leash to tether the dog as posted on signs in that area of Central Park reserved for birders, whereupon the women got on her phone and called police to say she was in danger, and not stopping there but to add that she was being threatened by an African-American.  If there is a problem of White Supremacy in this country, it sure played out more subtly with this example, which is more than just an illustration of class entitlement or poor momentary judgment.

In addition to our digital divide in this country, we also have a political divide.  And that political divide is stoked by a president who uses derision as a strategic weapon to divide and conquer in a nation where all other presidents prior to him used their abilities to broaden their political coalition.  President Trump has used rhetoric, and described situations like the protests in Charlottesville, Virginia, and a literal descent from the escalator ride in Trump Tower to a figurative descent into nativism and White Supremacy when he announced his run for the presidency that day; this to govern a country which is becoming a majority-minority nation.



How did such a person get to be the leader of the Free World I will leave to others to analyze.  His inadequacies as a national leader are very apparent, especially as we deal with an international pandemic with  national proportions which strikes at people of color members of our nation disproportionately to their representation.  He is unable to provide leadership to a great nation because of a strategy that only appeals to half of the nation; so that when an issue like the pandemic requires a unified response, he has neutered himself in trying to rally all the troops. 

President Trump has proven inept at managing our vast bureaucracy; but, he has managed to overcome this by being legitimized by a Right Wing faction out to serve their own political agenda by working with and enabling this person with so many leadership deficiencies while undermining our professional civil service and the one and only institutional business mentioned in the Constitution to protect our liberties, the media, which he has repeatedly called “the enemy” and the Right Wing faction has embraced the criticism with references to the “Deep State”, previously  known as our democratic institutions.

I do not know what President Trump’s personal motivation was for seeking the presidency, a role of leadership for the Free World that has been used to advance democratic values.  No society is perfect, but the one example that the American system of democracy has over others, is that we have been malleable to change, right from our founding, so that whatever the issues are that plague our society, like racism, can be institutionally addressed and self-corrected.  However, only so much can be done with the passing of laws; to change what is in the hearts and minds of people will require something not found in any historical document or proclamation or utterance from any official. 
If America is to advance the cause of liberty and democracy to itself as well as other nations and fulfill the quest of the founding fathers as symbolically represented by Lady Liberty in the New York harbor, given to us by the French as a beacon for others, that used to greet newly arriving immigrants and still manages to be an inspiration for visitors as well as foreigners in their own land, it must find a way to be inclusive in its social fabric.



Tiananmen Square Protests in China – 1989

Saturday, March 10, 2018

Will Artificial Intelligence take over for Humans?

Will Artificial Intelligence take over for Humans?

Economics Without The B.S.**: 

[**  Double entendre intended.]


With all the chatter about Artificial Intelligence taking over with neural networks and deep learning, will machines ever duplicate the complexities of humans for melding mind with heart for abstract creations?  From Jacob Bronowski's TV show of the 1970s, 'The Asceent of Man', at the Watts Towers in Los Angeles --


Monday, October 7, 2013

How To Build A City

Economics Without The B.S.**: How To Build A City

[**  Double entendre intended.]


How To Build A City


OP-ED from the Los Angeles Times, October 7, 2013
How to build a better Los Angeles
By Eli Broad and Richard J. Riordan *
The civic engagement it took to complete Disney Hall is a lesson in what's required to move L.A. forward.
The Walt Disney Concert Hall, which opened its doors 10 years ago this month, is rightly celebrated as the most recognizable jewel in Los Angeles' cultural crown.



But we should remember that Disney Hall came very close to not being built at all.
Despite a singularly generous $50-million donation from Walt Disney's widow, Lillian, in 1987, a brilliant design byFrank Gehry and an expenditure of nine years and $30 million, there was no Disney Hall by the early 1990s, and it looked like there never would be.
The city was attempting to recover from a devastating earthquake, the image-tarnishing O.J. Simpson trial and the shrinking of the local defense industry. In addition, Gehry's design was under fire — Los Angeles was suffering what contemporary art critic Robert Hughes called "the shock of the new" — and the additional fundraising required to supplement the Disney donation had slowed to a trickle. The New York Times Magazine even ran a cover story about the hall under the headline "A Phantom Hall Filled with Discord."
In 1996, county officials demanded that an additional $50 million be raised in the next year before construction could start. Without the money, the county was prepared to pull the plug. As longtime friends and devoted supporters of our adopted home city, it was clear to both of us that such an ambitious project needed mayoral backing and take-charge fundraising.
We vowed to raise double the money the county wanted, including $10 million from our own pockets. Andrea Van de Kamp, one of the city's most gifted fundraisers, joined our team. Together, we devised a new campaign to appeal not just to fans of the Los Angeles Philharmonic but to everyone who loves Los Angeles. "The Heart of the City" campaign emphasized that Disney Hall could be more than a home for great music and a work of brilliant architecture; it would be the linchpin of a downtown revitalization that would extend from the sports and entertainment district in the south to a cultural corridor in the north. Disney Hall would join the monumental buildings of Grand Avenue — MOCA by Arata Isozaki and the under-construction cathedral by Rafael Moneo — and would be unmatched by any street in the world for its architectural virtuosity.
For many months, every breakfast, lunch, dinner and cocktail party we organized included a pitch to support Disney Hall. We guaranteed all donations would go entirely to construction of the hall, not to consultants or studies. The city's corporate and philanthropic communities stepped up. We met the county's fundraising target and went on to raise more than $200 million to complete the hall. There were hurdles along the way, but everyone stayed committed.
In the end, the city rallied together around a vitally important project. Without that upwelling of civic commitment, the concert hall would probably still be a hole in the ground and Grand Avenue would still sit largely fallow.
Today, another roadblock threatens the completion of the long-delayed Grand Avenue Project, and the story of Disney Hall offers an important lesson for city leaders. The region's public institutions and private citizens are generous, and Los Angeles can match any city for ambitious civic projects that are vital to our economic, cultural and social identity. But citizens need leaders who sketch a vision of what is possible and rally them to the cause.
There were those who complained about Disney Hall's final price tag. But most Angelenos today would agree that Disney Hall is priceless. It is to Los Angeles what the Eiffel Tower is to Paris and the Opera House is to Sydney. And Disney Hall isn't just a great building. Gehry's magnificent work catalyzed the development of Grand Avenue, including an architecturally distinct arts high school by Wolf Prix, the beautiful and well-programmed Grand Park and, by the end of next year, a new contemporary art museum, the Broad. Thanks in large part to Disney Hall, cultural tourism to Los Angeles has tripled. We have become one of the four cultural capitals of the world.
The lesson Disney Hall's story teaches might be summed up in this formula: Private generosity plus political will equals civic success. It's a lesson Los Angeles can't afford to forget.

·         Philanthropist Eli Broad and former Los Angeles Mayor Richard J. Riordan co-chaired the Walt Disney oversight board, which raised much of the money to build Walt Disney Concert Hall.