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Legal pot is making the poor lazy and shiftless, claims the NYPost. Isn’t it just as likely; more likely, that lazy, shiftless people tend to be poor and unemployed, and smoking dope all day is a symptom, not the cause of their character deficiencies? If the author is right, then the problem will soon self-correct, and the educated, successful pot smokers will soon be driven down the social scale to join their lessers, and equality will reign. I don’t think that’s going to happen.
The effects of these new laws have been immediate. One study, which collected data from 2011-12 and 2012-13 showed a 22 percent increase in monthly use in Colorado. The percentage of people there who used daily or almost daily also went up.
But legalization and our growing cultural acceptance of marijuana have disproportionately affected one group in particular: the lower class.
A recent study by Steven Davenport of RAND and Jonathan Caulkins of Carnegie Mellon notes that “despite the popular stereotype of marijuana users as well-off and well-educated . . . they lag behind national averages” on both income and schooling.
For instance, people who have a household income of less than $20,000 a year comprise 19 percent of the population but make up 28 percent of marijuana users. And even though those who earn more than $75,000 make up 33 percent of the population, 25 percent of them are marijuana users. Having more education also seems to make it less likely that you are a user. College graduates make up 27 percent of the population but only 19 percent of marijuana users.
I wonder whether Dannel wondered about this when he visited the place with Obama last year and then raised our income tax?
Paul Tudor Jones announces the firing of 15% of his workforce – aprox. 60 people – as earnings drop, capital withdrawals grow. Jones himself is gone from Connecticut, having bought a $71 million homestead in Florida last year, but so far as I know, Tudor Investment’s headquarters are still up on King Street, and presumably some of the sixty employees he’s letting go are residents and taxpayers of our state.
Billionaire Paul Tudor Jones dismissed about 15 percent of the workforce at his Tudor Investment Corp. after losses and investor withdrawals at the $11 billion hedge fund, according to three people with knowledge of the matter.
Tudor earlier Tuesday informed the affected employees, which include positions ranging from money managers to support staff, said the people, who asked not to be identified because the firm is private. Tudor employed 409 people, about half in investing roles, according to a March regulatory filing.
HARTFORD — The latest economic numbers show Connecticut lags behind the rest of New England in economic growth.
The 0.9 percent growth in the state’s gross domestic product for the first quarter of 2016 is the lowest in the six-state region, though it is higher than neighboring New York state and nearby New Jersey.
The U.S. Bureau of Economic Analysis on Wednesday reported GDP growth in 37 states and the District of Columbia for the first quarter. The annual growth ranged from 3.9 percent in Arkansas to -11.4 percent in North Dakota.
The GDP growth in Connecticut is well below the 1.5 percent average for New England, but compares better to the 0.5 percent increase in New York and the 0.7 percent rise in New Jersey.
The 2.9 percent growth in New Hampshire led New England, followed by 2.3 percent in Maine, 1.6 percent each in Massachusetts and Rhode Island, and 1.3 percent for Vermont.
The state saw a 1.7 percent increase in GDP last year, up 0.6 percent from 2014, but well behind the regional and national averages..
The Malloy administration issued a standardized response to the latest BEA numbers.
“These statistics demonstrate what we have been saying and continue to say: we are in a new economic reality and in a new, post-recession slow growth environment,” said Christopher McClure, a Malloy spokesman.
He was silent on the question concerning whether the administration’s policies have contributed to the economic realities confronting Connecticut today….
Other Malloy defenders were less circumspect in their response”The Bureau of Economic Analysis is just part of the vast, right wing conspiracy trying to kill Connecticut”, Malloy spokesman Francis X. Fudrucker told FWIW. “Show me a fine, solid, left-of-center organization that says we’re not booming here in the Nutmeg state: go on, I dare you! Why just this year alone, we’ve almost had a million-dollar Lotto winner – he came that close! Just one number off. You wouldn’t hear that guy mewling about this gloom and doom if he’d won, I can tell you that!”
A WordPress update and “improvement” failed miserably (thank you, experts at WordPress” and at least for now, their gnomes in India have thrown up their arm and surrendered. There’s some hope hat someone who knows what he’s doing will report for duty Monday and get things going. If, that is, I trust them to even try. For now, they’ve restored, I hope, what I had before they started. This is more or less a test post, just to see if it goes up.
I’m pretty much suck of digital adventures by now, so I’ll see you all tomorrow.
A wise statesman once spoke on violence back in 1968:
“What we need in the United States is not division; what we need in the United States is not hatred; what we need in the United States is not violence or lawlessness, but love and wisdom, and compassion toward one another, and a feeling of justice towards those who still suffer within our country….[We must] dedicate ourselves to what the Greeks wrote so many years ago: to tame the savageness of man and to make gentle the life of this world.”
I’ve never heard of the gentleman in question, one Don Hurley, but let’s concede that he was a wonderful man and did a lot of good for the underprivileged in Hartford. That still leaves the question: would any of the legislators who approved this expenditure spend their own money on a statue of the man? The fact that there has been, until now, no such monument answers sufficiently – they would not. Would you? Of course not. But in government, it is considered entirely appropriate to take other people’s money and spend it on something they neither want nor need, in order to appease politicians’ friends and supporters.
Such is government spending.