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Shutdown Hits Industries Nationwide (wsj.com)
The partial government shutdown is affecting a wide range of business and financial concerns nationwide. From a report: Shuttered government offices are stalling the approval of new loans, initial public offerings, the processing of tax documents, and the approval of new products such as prescription drugs, among other effects. While some programs are reopening on a temporary basis or providing workarounds for affected companies, most services won't return to normal until the government fully reopens and 800,000 federal workers sift through the backlog.
Here is a round up of the impact: The partial closure of the Securities and Exchange Commission is delaying the ability of companies to open the IPO market. Companies that were seeking to list shares in January are delaying plans since the regulator has stopped reviewing and approving new and pending corporate registration statements. Airlines expect to have sluggish revenue growth in the first quarter in part because of revenue lost from government travel cancellations. Delta Air Lines Inc. Chief Executive Ed Bastian, for instance, said the shutdown would cost his airline $25 million in lost revenue from government travel. The U.S. Food and Drug Administration has dramatically curtailed inspections of domestic facilities at food-processing companies during the shutdown, though unpaid inspectors have resumed work inspecting higher-risk products such as fresh fruits and vegetables, eggs, seafood and dairy products.
At the Internal Revenue Service, the shutdown has created delays in getting some employer identification numbers, holding up some routine business deals. Some small-business loans are also stuck in limbo. The Small Business Administration has stopped approving routine loans that the agency backs to ensure entrepreneurs have access to funds, halting their plans for expansion and repairs and forcing some owners to consider costlier sources of cash. The government process for reviewing proposed mergers has been slowed by the shutdown, but it is still operating. Businesses that have government contracts are feeling the strain across a variety of industries, including the building of highways and bridges.
Here is a round up of the impact: The partial closure of the Securities and Exchange Commission is delaying the ability of companies to open the IPO market. Companies that were seeking to list shares in January are delaying plans since the regulator has stopped reviewing and approving new and pending corporate registration statements. Airlines expect to have sluggish revenue growth in the first quarter in part because of revenue lost from government travel cancellations. Delta Air Lines Inc. Chief Executive Ed Bastian, for instance, said the shutdown would cost his airline $25 million in lost revenue from government travel. The U.S. Food and Drug Administration has dramatically curtailed inspections of domestic facilities at food-processing companies during the shutdown, though unpaid inspectors have resumed work inspecting higher-risk products such as fresh fruits and vegetables, eggs, seafood and dairy products.
At the Internal Revenue Service, the shutdown has created delays in getting some employer identification numbers, holding up some routine business deals. Some small-business loans are also stuck in limbo. The Small Business Administration has stopped approving routine loans that the agency backs to ensure entrepreneurs have access to funds, halting their plans for expansion and repairs and forcing some owners to consider costlier sources of cash. The government process for reviewing proposed mergers has been slowed by the shutdown, but it is still operating. Businesses that have government contracts are feeling the strain across a variety of industries, including the building of highways and bridges.
“I am proud to shut down the government for border security, Chuck. I will take the mantle. I will be the one to shut it down. I’m not going to blame you for it.”
Donald Trump
If the government can't be assed to get it self running properly, then anything that previously requires some government oversight should be allowed to move forward without the shutdown government holding them back.
Delayed IPO? Go on ahead with going public.
New Drug? Not a problem, do your studies and use some good judgement. Besides if you fail you get sued which is a nice trade off.
Tax Payments? Sucks to be you government, can't figure yourself out your crap can't get paid.
Airport Security? No more lines at the airport.
Air traffic Control? Anarchy of the skies!
The last one was a joke. ATC should be airport employees and not FAA employees like how it is in everywhere else in the world.
Why is everything here getting so political? I read about this on every other news feeds, I don't need it here as well.
Reminds me of a LOT of cyberpunk scenarios, where international companies and mobs start carving up nations, using people's conservative traditions to make a mockery of everything those traditions mean, in order to take everything from them.
Explains that odd twist in the smile that pops up on Republican faces when they tell bald-faced lies more than most anything else.
Ryan Fenton
FDA, Air Traffic Control, Parks Service, etc are all needed. But yet the media chooses to harp on the plight of the poor TSA smurfs. You know, the people who say "papers please" before you're boarding a flight in your own country and make you pass through a nudie-scanner or get your crotch groped by them. Yeah, yeah, they're "just doing their jobs." Guess what? If no one was willing to do the job, the job wouldn't be so obnoxious.
Keep everything else, but if TSA were all fired (but we kept real security measures like armed crew, air marshals, reinforced/locked flight deck doors, and a policy of non-cooperation with hijackers), and replaced with private security, it would be a net gain for freedom in the USA.
As it is, the TSA was mostly created as corporate welfare for airlines. It took security out of their hands, thus washed their hands of liability. Strict ID checks also make re-sale of tickets more difficult, thus protect airlines' revenue stream from change fees.
this massively impacts our lives. If this keeps up the economy will tank. Then we're gonna start seeing mass layoffs to boost stock prices.
Politics impact every aspect of your life. This is the "Stuff that matters" part of the tag line. There's a taboo on talking about them because our ruling class would like very much for you and me to leave all that icky government stuff up to them.
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The only thing I see listed in the summary that I care about might be food inspection. All the other stuff is big industry financial crap, boohoo. I still have electricity, internet (when did this become that important), and mail service. The stores and businesses are open. Police are on the job. Cities still have water and gas. Life goes on. When it starts to effect things like that then it might matter to the little guy.
generating a large list of people who should never be re-elected.
Politics in the US should be about what is best for the country, not some personal/political grudges or egregious self interest/self promotion.
If political parties have lost sight of that, voters should make their voices heard (loudly) If voters can't be bothered to fix this mess, they deserve their representation.
say we make it permanent and fire all furloughed workers. We might actually be able to balance the budge,
All government salaries combined account for around $200 billion. We could literally fire every single federal employee and we still wouldn't have even covered half the federal deficit ($779 billion last year).
Who's with me on this....
Nobody with a brain in their skull.
Airport Security? 9/11 2.0
Any time the run tests on what security screeners actually catch, it's something like an 70% failure rate - for things like guns. It is laughable to claim they are the reason we've not had more serious incidents.
A this point airline passengers are savvy enough there's never going to be a 9/11 2.0, even if you simply abolished the TSA...
You could easily replace that whole meaningless machinery with randomly placed undercover armed security on planes (the airlines could handle that, or government security when that was open) along with some light profiling in airport terminals.
The FDA isn't inspecting food right now
Gees dude can you not even read the WHOLE SUMMARY? They are for high risk products. But do you really think the food industry is not doing its own inspections as well?
Folks really, really underestimate how important and beneficial the government is.
With it shut down over a month now it seems we really, really don't.
There are some areas where it is useful but we could pair back a LOT of government and make people's lives better all around.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
The president is the one who is supposed to submit the budget in the US system. Don't they teach US civics over there?
The Democratic House has already passed several bills to reopen the government in the past couple of weeks. The Senate GOP won't even allow a vote on them.
You are welcome on my lawn.
Meanwhile, in civilised countries, if a budget approval isn't given, the previous authorised budget is automatically continued until such time as a new budget is approved.
Nobody goes unpaid.
Government doesn't get shutdown.
Nobody has to implement emergency measures.
Everything carries on as it did before until someone can get changes approved and sign off on the new budget.
At no point does anything go any more unfunded/underfunded than it already was before the new budget was proposed.
It's almost like those other countries spotted what a stupid idea "shut down the government", including using it as blackmail, was many, many, many centuries ago and worked around it.
Israel's wall has been fairly effective:
https://en.wikipedia.org/wiki/Israeli_West_Bank_barrier#Effectiveness
No barrier is perfectly effective. People break out of prisons on occasion - that doesn't discount the utility of prisons in general.
Using "perfection" as an excuse to leave our border unprotected is just stupid. Most people that are anti-wall should just admit they are open borders activists. No amount of border security will make them happy.
from the article you cited:
Haaretz reported, "[t]he security fence is no longer mentioned as the major factor in preventing suicide bombings, mainly because the terrorists have found ways to bypass it."[56] Former Israeli Secretary of Defence Moshe Arens says that the reduction in Palestinian violence is largely due to the IDF's entry into the West Bank in 2002.[57]
Maybe people who are for the wall should admit they haven't studied the issue and attribute false motivations to those who have?
Actually, the house did pass a budget, as soon as the new congress started. It was the same budget the senate passed a few weeks ago. Right now Mitch McConnell refuses to bring it up for a vote because the president is wonâ(TM)t sign it.
Trump derangement syndrome. Their hatred for him runs so deep that they're willing to do a complete 180 on border security just to stick it to him, the rest of us be damned.
If this was about border security then why didn’t the former governer of Texas, and US President for eight years ask for it?
Shit, the last two republican presidents were from Texas, the first Bush doubled down on the War on Drugs. Where was the stop everything and cut a check for all the wall I want back then? Clearly it wasn’t an emergency, and there’s nothing factual suggesting it is now. It’s plainly obvious that both parties are completely happy dolling out chunks of money for border security. The whole full wall funding now or else silver bullet bull shit isn’t fooling anyone but trumpkins.
By ... making it essentially unable to function.
Hell, this guy is better than ISIS ever could be! I mean, even blowing up two skyscrapers only shut down the country for a day, not for a full month!
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
So far the only person who has tried to end the shutdown is President Trump. [...] This is officially the Democrats' Shutdown.
Trump took ownership of the shutdown on national television. Troll detected.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
A local beer company says they may not be able to make "new" summer beers. The labels must be inspected and approved by the government (yes -- the labels, on the can). Their plan is to bring back last years summer beer because those labels are approved. There is a deadline for them to meet the summer demand - but with an expected backlog they still aren't sure they can make it.
Imagine - government killing innovation.
I hope they haven't started making that beer yet. It would be a money loser if it was already in the pipeline. sure they could come out with it later - but who wants to buy a Summer Ale during October Fest?
The shutdown is having a wide impact across several industries.
Should be noted that the bill mentioned passed UNANIMOUSLY. 100 for, 0 against, 0 abstaining. So even if the handful of new senators all vote against, the bill would have veto-proof majority.
The Senate should pass the bill like it did a month ago and send it to the President. If he vetoes it, they could easily have the votes to override the veto.
But that would make the GOP look bad, so that's not an option for McConnell.
=Smidge=
This argument always makes me chuckle. Yes, let's make America as peaceful as the middle-east by duplicating the stupid decisions they make over there.
Once upon a time, the US allowed unlimited immigration, and the country prospered.
"Us" and "Them" are political constructs designed to divide and conquer.
I would never choose to reside in the apartheid hell that Israel has become, and if that abomination becomes a reality in the US, I will be leaving.
Cloture votes only happen for bills that are actually brought to the floor, which McConnell didn't do; so, again, tell me about how Senate Democrats "blocked" this from being voted on?
Congress can end this shutdown without the president's support or approval. They can pass a budget bill, and send it to the president. If he vetoes it, they can vote to override the veto.
I don't understand why more people aren't holding Congress to task on this. They literally don't need the president's buy-in at all to get a budget passed.
---- I'll take you in a Hunt deathmatch any day.
Trump then also proposed a compromise,
It's not a compromise if he gets everything he wants, and especially not if the only thing he's giving back is the hostages.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
I know that sounds harsh, so here's somebody way more articulate than I am to explain why the verbiage is appropriate.
Trump & the GOP are testing us. This isn't about the wall, this about ruling by fiat by continuously threatening the security and stability of the United States. We can't let that stand. If we do we become a defacto dictatorship.
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A budget bill cannot be filibustered. This is true but in order for that to be applicable a budget resolution has to be passed. No budget resolution was passed for FY2019 so there are zero appropriations bills for that fiscal year which are exempt from filibuster.
"Lack of speed can be overcome. In the worst case by patience." --Znork
Trump then also proposed a compromise
Trump "compromised" by promising to not do what court orders forbid him to do. Can't deport the DACA kids when courts have already told him he can't deport the DACA kids.
I hereby compromise with you. I will not burn down your house. In return, I want $5.7 million dollars. Good deal, right?
Might wanna consider aircraft are no longer being inspected. We'd kinda like those to stay in the sky.
Also, all the "little guys" getting hurt are the businesses that are not receiving money from federal workers. Not going out to lunch if you're not getting paid. Which means they aren't big enough for headlines, at least until the mass bankruptcies and business failures start rolling in.
No, actually before the US welfare state (that is Social Security and Food Stamps), the elderly starved and died, as did the poor.
But Trump Traitors like you don't know your history. Shut up with your right wing bullshit.
It's far more fireball-ish than that. Aircraft are not being inspected.
It is only a $5 billion pet project; hardly worth costing the country more than $5 billion in another manufactured crisis.
Remember the last manufactured crisis to create a hostage situation? Literally kidnapping children and holding them hostage; so how anybody couldn't see that this completely predictable if they were paying attention to his threats to his own party over his wall a year ago-- who didn't give it to him either.
The shutdown began before the Democrats got into office; he had a compromise he rejected multiple times and continues to do so while the SENATE CAN IGNORE TRUMP and pass something if Mitch would allow them to vote. (FYI, Mitch's wife works for Trump; aside from him probably being a stooge, Trump has a hold over him.)
Democracy Now! - uncensored, anti-establishment news
https://www.bbc.com/news/world...
Chuuch. Preach. Tabernacle.
No barrier is perfectly effective. People break out of prisons on occasion - that doesn't discount the utility of prisons in general.
Seriously? You are comparing a wall that spans over 1000 miles and where the response time is measured in hours with a prison wall where 1 person can see from one side to the other, and that has guards with machine guns every couple hundred feet ready to open fire the second someone begins climbing?
As I've said previously on this topic, physical barriers only work when the delay they add is proportional to the response time, or when the barrier improves the response time. Out in the desert, even if you know the exact moment that someone breaches the border, the response time can be hours. Adding 5 or 10 minutes for someone to scale the wall is trivial. If you can track down and intercept someone who breached the border 1 hour 50 minutes ago, you can almost surely track down someone who breached the border 2 hours ago.
East Germany was a essentially a prison - the wall was there to keep people in, and it was patrolled from the inside (built by and patrolled by Mexico in your analogy).
I can't imagine how you think this is analogous to Trump's vanity wall.
Trump then also proposed a compromise
So if I kidnap your daughter then on a completely unrelated case ask you for $5bn, and then when you say no, offer to return your daughter for $5bn you consider me the one who made the compromise and the master negotiator? Or would you get angry before I finished speaking?
Trump offered nothing that he didn't already take from the Democrats in the first place.