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Sheryl D Baldwin @jaderesearch
, 11 tweets, 7 min read Read on Twitter
Excellent analysis @RTDSchapiro Taxpayers have no control over Dominion. The $1.4 Billion boondoggle for #RVA has immediate 30% hike in real estate taxes to cover the cost.
Schapiro: Northam stumbles over the details - but at what cost? richmond.com/news/plus/scha… via @rtdnews
2. @DominionEnergy exists for the benefit of its investors. Its Billion $ projects approved by the state are paid for by consumers. They are a regulated monopoly. That's their business model. @NHDistrict is a shell, protecting DE and its leaders from debt.
3. @RTDSchapiro That shell serves for financial activities shielding @DomEnergyVA and NHD principals from any liability. It can dissolve at any time in bankruptcy and #RVA taxpayers are on the hook for $1.4 B plus $800Mil for school repairs, that is $2BILLION
4. Virginia doesn't provide a backstop for cities' debts. This means #RVA can easily become Petersburg shackled with debt. $2Billion is massive debt @NHDistrict can disappear. That IS NOT the free market operating. It's reckless government @RTDSchapiro
5. This $Billion project has been completely opaque and was agreed to behind closed doors because it is a terrible deal for #RVA tax payers, especially real estate taxes, already highest in the region. It calls for immediate 30% real estate hike.
6. My real estate taxes have increased 10% since @LevarStoney became mayor. The massive 30% jump proposed to cover the $1.4 Billion will drive middle class Richmonders like me out of the city. That increases income inequality. @RTDSchapiro
7. I am one who moved into the city to live and invest to help it rebuild 46 years ago. If the Coliseum is a problem, sell it, privatize it. THAT WOULD BE FREE MARKETS operating. Incurring massive govt debt is NOT. @RTDSchapiro
8. For comparison, there are TWO very good examples of free market development in the region. Off track betting on historical races coming into Southside is one. Not one $ cost to the city and all the many benefits. THAT's how its done. @LevarStoney
9. The 2nd example: new coliseum in Fredericksburg, $0 cost to the City of Fredericksburg. A professional team wants to expand & will build a coliseum. There's a MARKET NEED, a customer for the coliseum. This #RVA project DROVE AWAY its team. @RTDSchapiro
10. Those 2 local examples ARE FREE MARKETS operating. This $Billion Boondoggle IS NOT. #RVA cannot dissolve itself and go away as NHDistrct can do, and Cambridge Analytica has done. RVA cannot, and city taxpayers are stuck with massive debt. @RTDSchapiro
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@chinaorgcn @chineseembassy If China so concerned w recovery of territory, why not start with ALL THAT LAND of NorthEastern RUSSIA , TAKEN FROM CHINA BY FORCE by Tsarist Russia during Qing Dynasty in mid 1850s. Extensive oil & mineral resources. @PDChina @XHNews
That sovereign land was taken BY FORCE far more recently (150 years) vs 600 -800 years in China’s illegal claims on S Sea reefs under International Law and affirmed in International courts. China is now an OUTLAW state under international law.@chinaorgcn @PDChina @chineseembassy
Millions of resource rich land in NE Russia truly BELONGS TO @china NOT RUSSIA. Tsarist Russia grabbed land fr China during Qing Dynasty. Why not try to get that land back? That IS rightfully @china Legitimate claim unlike S Sea & artificial reefs. @UN
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@jimsciutto @SenSanders @AC360 Ask him about his campaign’s coordination with Trump campaign in 2016. Ask why his campaign has been under investigation by Robert Mueller (with an indictment). Also ask him if he is a @TheDemocrats or not. If not why is he running as a Democrat?
@jimsciutto @SenSanders @AC360 @TheDemocrats @jimsciutto Is Bernie’s reason for using @TheDemocrats @DNC party infrastructure just because it’s the only way he can get an organization suitable for a presidential run?
@jimsciutto @SenSanders @AC360 @TheDemocrats @DNC Ask Bernie if he knew his campaign strategist and Trump campaign manager Paul Manafort were business partners and regularly coordinating during the Democratic primaries. Ask Bernie why he has always been such a Russophile.
Read 4 tweets
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@CNBC @WSJ @MONEY @Forbes Models have real value in decision making, showing trends & changes, but let the science, your knowledge, inform your assessments and guide judgement. @steveliesman @MelissaLeeCNBC Make decisions based on rational processes not emotion, not panic.
Volatility became a market problem again in 2007 after Chris Cox revoked the old “uptick rule”put in place by FDR asJoeKennedySr said to prevent stock market from collapsing as in ‘29. Ask @jimcramer abt that story.
There are mathematical reasons to need a braking mechanism. Without it, acceleration in a downward direction can cause a stock price to collapse. I agree with Cooperman’s view. The uptick rule prevented stock market crashes for 70+ years. The individual “circuit breakers” don’t.
Read 9 tweets

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1/ THREAD Related to @SmithsonianMag "The Costs of the Confederacy" and findings that "over the past ten years, taxpayers have directed at least $40 million to Confederate monuments... and to Confederate heritage organizations." bit.ly/2RoOJcc
2/ The article was written by Brian Palmer and Seth Freed Wessler. I found it very interesting, and something also needs to be said about Confederate cemeteries and cemeteries with Confederate sections in Richmond.
3/ Take #HollywoodCemetery. In 1969, #HollywoodCemetery was added to the Virginia Landmarks Register (part of the VA Department of Historic Resources and managed by its staff on behalf of the VA Board of Historic Resources, in partnership with the National Park Service).
Read 14 tweets
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1/ We can’t seem to resist turning our attention, time and again, to Mystic Generating Station. It has become something of a Rorschach test: everyone looks at it and uses it to offer their own prediction or prescription about the future of grid reliability here in New England.
2/ Yesterday’s piece on Mystic by @jonchesto was no exception.

bit.ly/2q38BFO
3/ Picking up on @isonewengland Pres. & CEO Gordon van Welie’s statement to the @AP this week that "[w]e were one large contingency away from rolling blackouts" this past winter, the piece casts Mystic as an indispensable generating resource b/c it has a dedicated source of fuel.
Read 18 tweets
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WOW! Putin Reveals $400 Million sent to Hillary Campaign!
Vladimir Putin during joint press conference w/ Pres Trump, the world now knows that a man named Browder earned over $1.5 BILLION in Russia, snuck the money out W/O paying taxes - w/ $400 MILLION sent to Hillary Clinton!
This information was revealed when a reporter from Reuters asked Putin if Russia would send the 12 men Indicted by Special Counsel Mueller, to the US for trial.
Putin replied that there is a Mutual Law Enforcement Assistance Treaty between the US and Russia since 1999, and Russia WILL PERMIT Special Counsel Mueller and his team to travel to Russia to take part in any interrogation of the 12 men. BUT IN RETURN,
Read 8 tweets
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1. Winning #MAGA thread.

Irrefutable logic that @realDonaldTrump is working towards prosecuting the subversive enemies of America.

I use analysis based on professional poker.
2. I used to be a professional poker player. At an elite level. You can look it up.
3. Here are winning poker rules:

-Do not play based on emotion
-Trust logic
-Pay attention to the little details

That's how to win big.
Read 23 tweets
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Seattle City Council to consider repeal of head tax less than a month after approving it seattletimes.com/seattle-news/p… | Of course. The previous mayor sent an apology to Amazon (not a person, a corporation) in case its hurt feelings were why it launched its HQ2 search.
"Seattle hates business!1!" say the pundits and online commenters but that's hard to substantiate when a city government caves so quickly. At the very least, they could have used the head tax as leverage: work with us on something better or we go with what we have.
I still think about the Seattle Times magazine cover story a few months back — "Can Seattle Handle Prosperity?" Betteridge's Law tells us that any headline framed as a question can be answered with "no." And it applies here. Seattle has had 20 years to figure this out.
Read 6 tweets
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Thread on the Quality (or lack thereof) of Syrian Government Services Before the War. Will attempt to explain the topic by focusing on the issue of real estate tax collection using real data to compare how the system works in both #Syria and the US as a case in point ==>
2-First, a brief review of the US system: Given the Federal decentralized American system, most basic services are financed at the local level (many in Syria want more decentralized system of governance too). This is why this basic study picked this particular comparison
3-School districts in the US are typically funded through real estate tax collection at the local level. So are services offered by the police, fire department or garbage disposal and the other daily services that a typical household expects to see from their government
Read 11 tweets

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