I hope the committee ignores them and gets PNTR cancelled.
Funniest thing I've seen all week. The farmer hillbillies forced to take China's side. Guess they finally realized who their biggest customer actually is, after China replaced them with suppliers in Latin America and South Africa.
(Washington, D.C.) - A coalition of major agricultural organizations representing farmers across America today to the U.S. Select Committee on the Chinese Communist Party asking them to consider the negative impacts to farmers as they consider recommending that Congress repeal China's Permanent Normal Trade Relations (PNTR) status.
"We respectfully urge this important committee NOT to recommend revoking China's PNTR status. The negative consequences for American farmers, ranchers and food producers would be profound and the economic impact on American workers and rural communities would be felt for years," the organizations write.
The letter points out that "China is now the largest buyer of U.S. food and agricultural products, purchasing 19% of our exports. These exports are critical to America's farmers and rural communities."
The letter also highlights lessons learned from the 2018 and 2019 tariff increases and the pain they inflicted on American farmers:
"Those retaliatory tariffs led to a significant reduction in U.S. agricultural exports to retaliating partners with China accounting for approximately 95 percent of the losses ($25.7 billion). Rural states with significant agriculture economies like Iowa, Illinois, Kansas, Minnesota, Indiana, Nebraska, and Missouri were hit the hardest."
The letter was led by Farmers for Free Trade which counts many of the nation's leading agricultural organizations as members including:
The Almond Alliance
American Soybean Association
Corn Refiners Association
The Distilled Spirits Council of the U.S.
Farmers for Free Trade
Iowa Soybeans Association
Leather and Hide Council of America
Meat Institute
National Corn Growers Association
National Council of Farmer Cooperatives
National Milk Producers Federation
National Sorghum Producers
Northwest Horticultural Council
U.S. Apple Association
U.S. Dairy Export Council
USA Poultry & Egg Export Council
American Economics Thread
- Thread starter Bernard
- Start date
Gavin Newsom pledged to end homelessness in a decade back in 2004. After two decades and $1.5 billion well spent, California is in better shape than ever before. Oh wait:
The latest estimate also indicated that people becoming homeless for the first time were behind much of the increase.
Within the overall rise, homelessness among individuals rose by nearly 11%, among veterans by 7.4% and among families with children by 15.5%.
People who identify as Black make up just 13% of the U.S. population but Blacks comprised 37% of all people experiencing homelessness. And more than a quarter of adults experiencing homelessness were over age 54.
Unrelated graphic:
The top eight cities with the most million dollar homes are all in California. Must not have anything to do with their homelessness epidemic.
The United States experienced a dramatic 12% increase in as soaring rents and a decline in coronavirus pandemic assistance combined to put housing out of reach for more Americans, federal officials said Friday.
The latest estimate also indicated that people becoming homeless for the first time were behind much of the increase.
Within the overall rise, homelessness among individuals rose by nearly 11%, among veterans by 7.4% and among families with children by 15.5%.
People who identify as Black make up just 13% of the U.S. population but Blacks comprised 37% of all people experiencing homelessness. And more than a quarter of adults experiencing homelessness were over age 54.
Unrelated graphic:
The top eight cities with the most million dollar homes are all in California. Must not have anything to do with their homelessness epidemic.
The most infuriating thing isn’t so much that they can’t fix the homeless problem but that they can and choose not to. The stuff they did in San Francisco a month ago is exactly the same kinda BS lower level officials in China used to pull to make them look good to higher officials in the 90s/early 2000s. I guess President Xi is upper management for California now?
I suspect the obscene profits generated by private homeless shelters (and other homeless services) in the US have a lot to do with the political establishment's lack of will and effort to tackle the homeless problem. It is not a coincidence that the businessmen that receive the lucrative homeless shelter/service contracts are always closely connected to government officials, with many being major political donors.
For example, in New York City, the municipal government pays an average of . That's more than $4000 per month for just a bed in an open floor space filled with beds in shelters that are often located in poor remote areas. Even with NYC's crazy rent prices, there are plenty of one bedroom rental apartments for under $2000 per month in nice convenient neighborhoods near the subway. In NYC, a private homeless shelter is orders of magnitude more profitable than an apartment building renting to working class people.
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This is the problem for the US GDP growth numbers and stock market growth numbers, most of that goes into hands of 1% and 10%.
It's even worse in the stock ownership, around 1% of people own around 50% of shares there, and around 10% own 90% of shares also.
That's when you have close to a feudalistic caste system in the US, almost like in the Middle Ages, where rich parasitic oligarchs/executives own nearly all wealth and the rest work for them like slaves and surviving on debt (now high cost) for a living, working multiple jobs.
Meanwhile rich get lower credit costs and better ability for asset building, as access to a well-built world-leading financial engineering sector, since the beginning. American typical executive pay (salary and bonus) is also about seventeen times higher than it is in China.
What matters is income per capita, which is 50% smaller in the US ($38,000) than their GDP per capita ($76,000). That's why you have such a wide societal collapse and hatred in the US despite seemingly 'positive' GDPs and other economic indicators - but that's only 'on paper'.
This is not only degeneracy sociological-based caused collapse, but also seemingly financial based as well. Poor and ordinary citizens get inflation due to elites' global hegemonic ambitions and money printing, but they don't get enough share of the GDP growth to cover that.
It's even worse in the stock ownership, around 1% of people own around 50% of shares there, and around 10% own 90% of shares also.
That's when you have close to a feudalistic caste system in the US, almost like in the Middle Ages, where rich parasitic oligarchs/executives own nearly all wealth and the rest work for them like slaves and surviving on debt (now high cost) for a living, working multiple jobs.
Meanwhile rich get lower credit costs and better ability for asset building, as access to a well-built world-leading financial engineering sector, since the beginning. American typical executive pay (salary and bonus) is also about seventeen times higher than it is in China.
What matters is income per capita, which is 50% smaller in the US ($38,000) than their GDP per capita ($76,000). That's why you have such a wide societal collapse and hatred in the US despite seemingly 'positive' GDPs and other economic indicators - but that's only 'on paper'.
This is not only degeneracy sociological-based caused collapse, but also seemingly financial based as well. Poor and ordinary citizens get inflation due to elites' global hegemonic ambitions and money printing, but they don't get enough share of the GDP growth to cover that.
To be fair this isn't totally a Gavin Newsom or California lack of effort. There is significant influx of homeless population heading from out of state, so the increase is not organically driven by California. With the climate and higher political tolerance combined with social supports for tackling homelessness, its more favorable to be homeless in California versus some other states. Also, given the prices in California especially for housing the reality is $1.5 billion is a drop in the bucket when it comes to creating long term affordable housing and/or treatment programs for those who are on the street.