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You heard it here first. More on this later, but first all need to work to make hemp completely legal… Hemp is God’s gift to America, and I don’t mean when it goes up in smoke. I am speaking of fibers…
Begin educating those who won’t vote for hemp legalization….
The hemp plant is a renewable resource..
Hemp enriches the soil it grows in. …
Hempseeds and hemp oil are highly nutritious and delicious…
Hemp is the only plant that contains all of the essential fatty acids and amino acids required by the human body… (stop over-fishing).
It is an excellent option for vegetarians.
It’s quite high in some essential amino acids, including gamma linoleic acid (GLA), a very rare nutrient also found in mother’s milk.
Fishermen sprinkle hempseed on the water as an effective bait..
Songbirds will pick it out of the mix as they prefer it over other seeds.
Hemp is becoming a common ingredient in lotions and many other skin, hair, and cosmetic products.. (compared to toxic chemicals).
Hemp is an ideal material for making paper. It regenerates in the field in months (unlike trees which can take 30 years or more to become harvestable after planting.)…
It makes a fine quality paper that is naturally acid free and does not become yellow and brittle or disintegrate over time like conventional paper.
Hemp is also excellent for making rugs and other textiles. Levi Strauss’ original denim jeans were made of hemp.
Hemp is the traditional rope making fibre due to its flexibility, strength, and resistance to water damage..
Hemp oil can be used to create biofuels to replace gasoline for diesel engines. Unlike fossil fuels, biofuels are renewable and produce less of the greenhouse gas carbon dioxide. Diesel built his original engine to run on hemp oil.
Alternatives to plastic can be made from hemp… Hemp based materials can replace wood and other materials used to build homes and other structures including foundations, walls, shingles, paneling, pipes, and paint.
Hemp may look like marijuana, however it does not contain the active chemicals that cause mind-altering effects. Politics have kept this gift from us. When Dupont made nylon, it influence was used to suppress hemp production….
“58,000 tons of hemp seeds were imported into America for paint products in 1935″ — Sherman Williams Paint Co.
Hemp produces the same amount of oxygen while it’s growing that it would use in carbon dioxide if burned as a fuel. Also, due to it’s leaf/root ratio (this can often be 10% roots vs 30% leaves), hemp can produce between 20% – 40% more oxygen than will be polluted.
Thomas Jefferson himself said, “Hemp is of first necessity to the wealth and protection of the country.”
The draft of the Declaration of Independence was made on hemp paper….
The first American Flag was made of hemp.
If hemp cross-pollinates with marijuana, it creates a lower THC marijuana, not a smokable hemp… Illegal growers will not grow near hemp farms because it practically destroys the effectiveness and marketability of their product.
Fabrics made of at least one-half hemp block the sun’s UV rays more effectively than other fabrics..
The US Drug Enforcement Agency classifies all C. sativa (hemp) varieties as “marijuana.” Hemp was grown commercially (with increasing governmental interference) in the United States until the 1950s. It was doomed by the Marijuana Tax Act of 1937, which placed an extremely high tax on marijuana and made it effectively impossible to grow industrial hemp…
While Congress expressly expected the continued production of industrial hemp, the Federal Bureau of Narcotics lumped industrial hemp with marijuana…
Because of its low lignin content, hemp can be pulped using less chemicals than with wood…
It is naturally resistant to most pests, precluding the need for pesticides. It grows tightly spaced, out-competing any weeds, so herbicides are not necessary. It also leaves a weed-free field for a following crop…
Today it is clear that these beginnings of “the war on drugs” were pushed into being by the newspaper, cotton, and petroleum industries, all of which had much to fear over being competitive with hemp…..
Finally, a word of wisdom from our founding father…. “Make the most you can of the Indian Hemp seed and sow it everywhere.” — George Washington 1794
Although support for the TDC power plant may look like a chance to support jobs, the reality it that it is an environmental disaster.
When you support a disaster, you eventually lose….
Labor Unions will lose public support if this TDC center goes through…. Withholding the environmental dangers from the public may work short term and get approval, …
But once built, and when ash particles the size of golf-balls begin to fall on Newark, Stanton, Elsmere, Wilmington and Claymont, the public will ask,,, how on earth could this have been approved?
The truth will come out at that point, that bad people sneaked it through using bad ways…..
You will eventually lose prevailing wage if this TDC goes through…. The public will turn on you. I almost turned on you before I calmed down. Economics are a strong suit. But one’s life trumps economics. The environmental consequences of this TDC are gigantic. Everyone who gets cancer will blame you… Anything they can do to hurt you will become their dying wish, if you know what I mean….
What to do….
- Support a data center without a power plant.
- Support building a data center in a rural area close by so we get the same jobs… 20 miles into Cecil County or east of Middletown would do the trick.
- Support something else being built on the same location…. One that has no environmental impact.
Putting your loyalty and support behind the Data Center, is like putting your loyalty and support behind a candidate who unknown to you committed child abuse 25 years ago… At some future point, you lose all your investment…… and are left to fight a defensive war to keep more from being taken away by business groups…..
You did not know this would turn on you. But it has, and will get worse…. Now is the time to sneak out of the back of the crowd while no one is really looking or counting…..
Signed: Your most ardent supporter.
K
The bridge closing may be a blessing in disguise… It shows the benefit if raising the gas tax 10 cents to pay for our projects….
This gas tax is nothing… We’ve been paying more for a gallon ever since the crash of 2009… We as customers will continue paying the same, and the oil companies and hedge funds will be the ones who can no longer get what they used to get out of a gallon…
In a study earlier this year, we showed all that the price of gas is not based upon supply, but on demand… States with higher taxes, get their pre-tax gas cheaper than states with little or no tax… yet they all come from the exact same refineries….
The Republicans who pretend to be against all taxes, are saying this is not affordable…
Here is what they are hiding from you….
Let us take the $20 million needed to repair the 495 bridge…. At ten cents a gallon, that $20 million will come from 200 million gallons…. At an average of 20 gallons per fill-up, that would amount to 10 million fill-ups in this state per year…. Excluding motorcycles and buses, there are an estimated 817,000 vehicles registered in Delaware….. The ten cents tax amounts to 12 extra fill-ups per year…. Of course, that is one a month… like you took an extra trip….
When this tax came out, we were told that 60% of gas sold in Delaware is to out of state vehicles… If that figure is true, then theoretically, you and I would only be accountable for 40% of that cost, which means we’d only fill up once extra for 4 months and have the rest normal….. Is that really back breaking to us all?
Without the gas tax… it will have to come out of income tax… If allotted evenly, that 20 million spread over every citizen, amounts to $20 for every man, woman, and child in the state… (Considering the school population of the entire state k-12 is close to 130,000, then if you add the population from the years 0-4 for an additional 30,000, it would mean that the number of Delawarean paying taxes would be 870,000… ) That $20 million tax spread across all taxpayers evenly amounts to $23 per taxpayer…. per year….
So our choice is having the oil companies and hedge funds pay our tax for us, or to pay it directly out of our incomes…. You will pay the same for gas regardless. Doesn’t it make sense to be getting something out of it for a change instead of having all our money simply go straight to their profit line?
It’s a pun off of the word stagflation which was short for stagnant inflation. Stagpression is short for stagnant depression. It is the most accurate indicator of our economic situation today, and tomorrow, and tomorrow, and tomorrow…
We seem to be in a Depression. but we aren’t. The Housing market is recouping, jobs are consistently growing, energy costs have dropped, corporate profits are now at record, higher than just before the 1929 crash, and an all time record high stock market.. We should be booming. But we aren’t. We still have too high of an unemployment both on and off the books, we still have depressed low wages, we have lost massive wealth within the middle class over this century so far, we have record high student loan debt, we have low consumer confidence, Hence, one class of America is booming. The other class is still in Depression mode. Hence we are in Stagpression….
It is easy to see why.
Here is a chart showing the free cash flow of businesses……
Record highs. See? Record highs. We should be growing faster than China, we have so much investment money at our fingertips. But no.
Here is our investment track record…
Ironically as we gave our businesses more and more money with lower taxes, less regulation, tax funded price supports, hand-tied their unions, and made free new technology at our taxpayers expense, despite all these perks and incentives, they invested less. So what are they doing with their money? Pick up any financial publication and read the headlines. They all will let you know.
None of which help our economy. It is as if we work hard, buy their products, and they put that money into a mattress. Soon, we are going to run out of money. Fortunately the Fed has filled the gap by printing more and giving it to banks for free. It too, filters though the system, and when it gets to the top, it goes into the mattress.
Instead of recycling money, we are letting the tap flow from our printing presses to the top echelon of our society… Now do you get it?
What is missing is a system that recycles the materials back into our economy so we have less money we need to print. If we were talking about paper, we would be saying we need to recycle paper to keep from cutting down more and more trees simply to fill up our landfills….
We need a system to return that money to the bottom so it can rise again and again and again.
Here are the options that have been tried.
- Price and pay freezes.
- Government set and regulated prices.
- Lower tax rates.
- Cash incentives from taxpayers to reinvest.
- Pleas and entreaties from the Oval Office.
- Higher marginal tax rates.
Only one of these has worked. Can you guess which one? If you guessed higher tax rates spur reinvestment you are absolutely correct.
Notice the rates of reinvestment climbing in each of these presidencies: Eisenhower, Kennedy-Johnson, Carter, Clinton each time Congress legislated higher marginal tax rates. Also notice the drops under Nixon, Reagan, and George W. Bush as Republicans cut the taxes… The Bush Tax Cuts held through Obama’s first term, and account for today’s sluggish reinvestment. More precisely, the reinvestment turned upwards under Obama until 2010 when Republicans took over Congress, and has fallen since. I can’t wait to see 2013’s numbers, for I expect to see real investment increase there as well. However those higher tax rates on the top half percent implemented at 2013’s beginning, sent financiers scurrying and bargain empty homes were bought up by investors with lots of cash which brought up the floor of the housing market (perhaps to our future peril). It also accounts for stocks becoming an area of liquidity to hold cash,..explaining the record highs ….
So we have an opposite relationship: cutting taxes increases corporate profits which go elsewhere other than reinvestment back into the ecnomy.
Increasing taxes, cuts into the Free Cash Flow, and funnels some of that flow over to reinvestment projects.
Ever wonder how Delaware’s 3 banks lasted for decades and then all disappeared very close to each other? Bank of Delaware, Delaware Trust, and Wilmington Trust. are now owned by other entities. (Wilmington Trust had some hand in cutting off its own foot). Commerce Bank, which was New Jersey based had the same fate.
They lasted for years because big banks never had enough free money to buy them out. Just think. In Delaware there are now 3 less bank presidents. 18 less bank officers, and who knows how many clerical workers are missing because the work goes to the owners headquarters, not located here…. One still wonders if our state could be better off, had MNBA not been bought up by an outside conglomerate.
So giving more money to businesses and corporations in this case, cost us jobs… and destroyed 3 long termed Delawarean corporations…
That was one example. Across this nation, in every city, every county, every state are millions more….
Raising the tax rates drives re-investment. It is the only thing we know of so far that consistently works to drive re-investment. Everyone who insists on cuts and de-regulation, no matter how they spin it, is pursuing a policy that has been completely disproven by reality and fact and of course, recent history..
Are you better off than you were under Clinton? Your income level will probably determine your answer….. Because yes, some people are indeed, a lot better off. John Carney. Tom Carper. Chris Coons, Jack Markell, to name 4 off the top of my head…. Better off too, are those who these four represent… the 1%. Much better off!
If you find someone willing to raise taxes, stick to them like glue. They are the ones who will lead us back to prosperity…..
Until then, economic stagpression will continue…. continuing through tomorrow, and tomorrow, and tomorrow….(at a) petty pace that creeps from day to day….
A catfish inspection program will continue in place, despite Vietnam’s and China’s objections.
California can continue banning eggs hatched from hens in tiny battery cages…
Language aimed at curtailing a meat country-of-origin labeling (MCOOL) requirement, and one aimed at restricting activities by the Grain Inspection, Packers and Stockyards Administration (GIPSA) was left out. These two were opposed by foreign processors.
The bill ties Commodity subsidies to historical production but allows famers to update their “base acres” once in the life of the farm bill.
It changes restrictions on the so-called “actively engaged” provision. The criteria for management has been strengthened compared to current law, a source said, but the provision appears be scaled back from the labor requirement in the earlier versions of the bills…
The altered payment limits are now capped at $125,000 per individual or $250,000 per couple, but caps within that total for PLC, ARC or marketing loan deficiency payments have been removed.
On farm subsidies, the bill offers producers a choice between a shallow loss revenue insurance long favored by Northern crop growers and price-based supports supported by those in the South. ..
The compromise discourages milk overproduction by limiting how much milk can be insured in the future and also has a provision allowing the Agriculture Department to buy up some excess production.
The bill is expected to save $23 billion over 10 years compared to existing funding.
The House bill had initially made a $39 billion cut to the food stamp programs. The cut will now stand at $8 billion across 10 years. or $800,000,000 per year…The food stamps cuts are achieved by making it more difficult to qualify for nutrition assistance by virtue of receiving home heating aid…..
The bill contains funding for a new pilot program aimed at encouraging able-bodied recipients to find work and more than $200 million more for food banks.
§ 7557A. Complaint procedure; unlawful election activity altering result of election.
(a) A citizen of a municipality may submit a written complaint to the State Election Commissioner regarding any aspect of that municipality’s election activity that is contrary to state or federal law which altered or is reasonably likely to have altered the result of the election. Such complaint shall be filed no later than 20 days after the result of the municipal election shall have been certified by the municipality’s Board of Elections.
The complaint shall state with particularity:
(1) The action or activity that is contrary to state or federal law; and
(2) The specific basis for the complainant’s belief that such activity altered or is reasonably likely to have altered the result of the election…..
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The election law is very clear and is designed to prevent an outside group with lots of money from dominating and one-siding an election before anyone has any idea it is being done…
This law was put in place for the protection of the majority of a municipality’s citizens. It has been a long standing tradition grounded in Delaware election law, that every candidate, PAC, or group trying to influence an election file finance reports. The first deadline is 30 days. The second one is 8 days. Then the final one gets filed at the end of the year.
There was still a window under old law, where a person could spend from the 7th day onward, and the election would be over two months old before any accountability would be mustered. One could then see that one’s official was not the real choice of the people, but perhaps the choice of someone willing to put up a lot of money…
That window was closed by Tony DeLuca last year. After the 7th day, every large expenditure has to be reported in 24 hours… thereby giving the public decent time to acknowledge its influence and use that as part of the electioneering decision.
Polly’s campaign spent $5000 on winning the election. The PAC spent $45,000… That is a big expenditure. Nine times what any other candidate spent.
The PAC did not acknowledge its existence until 14 minutes before the Election Office closed on the eve of the election….
At points beforehand,
- they had previously made calls to organize.
- Got promises of financing.
- Designed and approved proofs of printing.
- Put down a deposit for the printer.
- Called and acquired manpower for their distribution
- Paid in full all those who distributed the pamphlets.
- Paid for gas for those vans distributing the pamphlets.
Every one of these acts is in violation of existing election law…
The (a) provision is fulfilled.
Now for the (b) provision…
(b) The State Election Commissioner shall review the complaint and such other materials as he or she deems necessary or appropriate. If, following such review, the Commissioner determines there is reasonable probability that conduct in violation of state or federal law altered or is reasonably likely to have altered the result of the election, then the Commissioner shall file suit in Superior Court on behalf of the complainant to invalidate the result of the election or such other relief as shall be appropriate.
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As one can see from the text it is up the the subjectivity of the commissioner. Which means if she chooses to ignore the overt influence caused by 9 times what any other campaigner spent across the municipal election, all of which was purposefully not legally reported, … she is free to do so.
She apparently taken that choice, and has chosen instead to reflect upon the sidebar of there being little evidence of misdirected voters, instead of a blatant gross violation of election law. She has thereby reinforced the continuance of actions, this law was expressly passed to forbid.
One can never know who showed up at their regular polling place, which of course would be in its normal business operation as a school, office, etc, and seeing no polling signs, then left….
Could it have possibly been 116 people? That is indeterminable. But at a ratio of only 19 per district if falls within the areas of possibility, and we do know that in the districts where this literature was reported being hung, all voted overwhelmingly for the other candidate…. In fact, it appears that this entire $45,000 expense was not to promote a Data Center among voters most likely to be negatively impacted by its creation in their own back yards, particularly in the two districts where it was distributed, …but to instead, confuse and obfuscate the proper location of the polling places in order to cut down the number of supporters who would actually vote, which if they did could overwhelm the election in favor of the candidate who was against the building of the power plant.
This leaves two overwhelming clouds of doubt. It leaves a cloud of doubt over the Commissioner of Elections… Is she kowtowing to the pressure to overrule common sense and allow this vote to continue? A doubt will always remain. This decision also casts doubt upon the current winner. Is she the real choice of the voters, or was she put in solely by illegal methods despite the voters choice of a different direction?
When clouds of sulfurous gases, rare earth elements, and radioactive particles begin descending upon the patio furnature, pets, cars and children of Newark, the clouds of this election will become even more important….
The clouds of doubt need to be removed.
That is why the subjective will of the commissioner needs instead to nullify this election, for the very reason that all appearances portend that illegal activities have “perhaps” caused a mis-election…. The commissioner has taken great pains over the past to keep the aura of trust that Delaware’s elections are honest and open… Now with one fell swoop, she is throwing that out of the window?
Nine times the amount spent by any candidate, was dumped into this election… 9 times the amount… Campaign finance laws were broken, and based on the time line we can almost ascertain, done so with intent….
The only proper thing which would put this past behind us… would be to have a runoff election between the two top candidates…. it could be held in two weeks…
Only then, would we know… for sure…
Social Security despite its dislike by the wealthy class, finally became law. It now appears Obamacare has passed it’s last and final trial by fire and will soon take it’s place next to Social Security as a basic American right…. it is so funny that it was invented by Romney, isn’t it? I wonder how soon until he starts taking credit for the idea.
There are 8 working days left in the House of Representatives… Although 47 bills repealing Obamacare have already passed the house, none have been put on the floor ever since the October 1st government shutd0wn…
The only bill exiting the House, was the one to delay it for only a year on the pretense of fixing the computer errors. It turned into a giant misfire for the Republicans….
The head of the Republican leadership, is beginning to see it is impossible now to derail Obamacare…. It is one thing to get rid of a potential bugaboo which no one has any idea of what it does… It is a totally different thing to take away 2 million American’s insurance plans, and leave them stranded with no insurance. Acts like that play poorly during election time, and an election is only 11 months away.
The House ends the year in 8 working days. When they return after New Year’s, all those insurance plans for which they shut down the government to prevent…. will be in effect…
So the fight is done,…over,….. finished,….. caput. The Republicans will still keep close tabs on Obamacare, looking for any stories that discredit it, then trumpeting those ad nauseum… But their aim in doing so is not to remove Obamacare. At this point, they are solely looking to fan any flame possible in order to drive their voters to the polls next November….
As for Obamacare, it appears the fix is in.
Hello, is this Ms. ________? Hi, I’m with the local school association and I need to talk to you about your daughter, currently a student at ___ _ ______ elementary school, may I proceed?
Beep, click. tone: Thank you for giving me this time, Ms _______. I know with your blogging duties and dealings with the board of education, that you don’t have much time, so I’ll be brief…
Your daughter appears to fall into our requirements of being tested for Cerebral Palsy, according to our diagnosis, and we would like to just go over our information with you to verify whether that is or isn’t true?
We have you down as having an household income somewhere between $100 and $150 thousand, and we have you as having a former BlueCross health plan, which is now being maintained by Highmark. Under this plan, 80% of the test cost will be covered by your insurance and we have plans that allow the balance to be paid across a 3 year time frame….
We have openings next Tues and Wednesday afternoon? Which would be best for you? Something like this should not tarry.
If that is too soon, perhaps a month from today would be good for you? Cerebral Palsy is very dangerous for children you know?
Oh the cost to you? Well as I mentioned the cost is 80% already covered by your insurance, since it IS a Highmark plan, and the tests will be done of course at a MedExpress clinic…. The remainder can be spread across the following 3 years… Can I sign her up for an appointment next Tuesday afternoon?
What? I had trouble hearing you over the phone. As you know Cerebral Palsy is a disease that must be caught early if it is to be treated…
What? How many people diagnosed are tested positive? Well, we are fortunate here that only a few of those we diagnose ever show signs of having the disease, But one can never know unless one undergoes a preliminary test to determine the possibility. Shall next Tuesday at our closest Med Express to your location, that would be the one off Kirkwood Highway, right? Or is our Concord Pike location closer to you?
What? Why was your daughter picked? Well, your daughter’s school records DO show you have Highmark which pays 80% of this qualified treatment, and your family income is between $100 and $150 thousand dollars per year, so you would certainly be able to afford our monthly payments stretched across 3 whole years of your daughters life…. That make you eligible for this call.
No, on that you are wrong ma’am. Thanks to legislation proposed by Jack Markell, and pushed through your Delaware legislature by Dave Sokola, we have every right to contact you off of your daughter’s school records.. We paid good money for that information…
Please, just put that aside. Your daughter could go undiagnosed for years if you don’t take advantage of this lifetime opportunity to get her evaluation done early while we are filling in these time slots, and while there would be time to take corrective action. Was it Tuesday? Or next Wednesday you wished to visit our Kirkwood Highway office?
No ma’am… As I said, you should not worry about the cost… 80% is covered by Highmark if performed in the MedExpress location we previously mentioned, AND, the remainder can be spread over the next 3 years… How could anyone not pass up an opportunity like that, especially if it could save one’s daughter from cerebral palsy? Her records show you are eligible for this opportunity because you have an income between $100 to $150 thousand….
No, ma’am. We are not concerned about money. We are concerned about your daughter’s health… Cerebral Palsy is an affliction that costs much less if caught early… Visiting us next Tuesday or Wednesday afternoon COULD save you tremendous amounts of money. No ma’am, … I wouldn’t worry about the cost…. Highmark pays 80% of the cost, and the balance can be paid off across 36 months or 3 years. Can I put you down for Tuesday at 4:00pm?
The Cost, ma’am? That is covered after the evaluation…
Ma’am don’t hang up.. The entire proceedure is only $25,000, of which Highmark pays $20,000 or 80% if the exam is performed at its MedExpress location closest to you, and that leaves the balance paid by you to only be $138 dollars a month when stretched across our 36 month plan..
I’m sorry, I didn’t hear you…. Was that Tuesday? or Wednesday?
=======
You think you have problems now? Wait till the State of Delaware sells your information to inBloom which can then sell your children’s information to everyone who seeks it, even on the flimsiest of excuses….
This, ladies and gentlemen. Is Common Core.
Charter Schools have been around for 19 years. In Delaware there are currently 18. Over those past 19 years there have been twice more charter schools who’s applications did not make it. There was one which did make it but was so bad it got closed down this year. There is another all think should close, but as of right now, it still remains open.
When people say Charter Schools are great, they have one particular charter school in mind. Those good schools have few minorities; those good schools have few people below the poverty line. There is a reason they do. They are not just “lucky” They get to chose who comes and who can’t. If public schools could do the same, there would be no problem with education as we speak.
So what happens when you have all one’s good schools able to pick and choose who gets to enter, and another set of schools who by law, must take all the rest? What happens to that very bright precocious young child living in East Side, Hilltop, West Side, or South Bridge, who, through no fault of his own, has to go to public school because the waiting lists have far too many affluent people on them?
That is why HB 165 must be tabled. This is a pro-segregation bill. Building a school is expensive. That is why today there aren’t more charters. HB 165 will give state funding to private investors to build private schools. Not non-profit schools, but for-profit schools as well.
Although Charter schools have a right to exist under current law, to fund them at the expense of existing public schools hurts only those students who can’t make the cut into Charters. School funding to School Districts under Markell has decreased each year during his tenure.
Historically our most challenging students, the very ones who most need extra funding, are being cut off by the current Department of Education. What we have right now is so much better than the environment we shall suffer after HB 165 passes.
To date, this is the biggest segregationist bill passed by the Delaware’s House of Delegates since the Civil Rights Act was implemented in 1965. It is now before the Senate. It has hundreds of lobbyists pouring into legislative hall to pull for it and it will pass, unless you choose to do something about it. Only you can stop it now. Martin Luther King didn’t die in vain. The time to act is now, before this Wednesday.
I hereby give the News Journal Permission to copy and paste this on their front page, just as they did the talking points handed down from the administration. My screed will get far more readers attention, and make far more sense.
Just reading about Nancy’s excellent piece on the trouble brewing in Pleasant Hills. Not so pleasant these days it seems…
Methanol does explode with one spark in the presence of oxygen. One explosion lifted a similar tank to these 40 feet into the air… That’s as tall as a four story building! Or the tallest radio cell phone fake tree in Delaware.
Nancy points to another fact. This was sneaked in without anyone knowledge. How? Someone during holiday season put the wrong address on the permit… which was duly approved without being checked out….
Well that rung a bell. “That was how Lehman Brothers used to operate…” I guess not being diverted by Christmas trimmings makes one aware of how lax regulatory agencies are during that week of Christian merriment….
Anyways, intrigued.. I looked… Could there possibly be a connection? Or was this simply a random duplicity? Most likely a random duplicity.. for sure…. But curiosity would never be satiated, if one never looks…
Nancy reports the company with the permit is TwinCo-Romax. The Business Week dossier states that they specialize in the manufacture and distribution of automotive aftermarket products…
The company was incorporated in 2005 and is based in Medina, Minnesota. It has distribution centers in Minneapolis, Minnesota; and Milwaukee, Wisconsin, as well as a production plant in Milwaukee, Wisconsin. As of August 31, 2012, Twinco Romax, LLC operates as a subsidiary of DYK Automotive, LLC.
First of September 2012? Not yet a year…
So who is DYK Automotive?
Again the Business Week snapshot….
DYK Automotive, LLC operates as a automotive aftermarket distributor. The company offers branded and private label packaged oil, chemicals, parts, and accessories. The company was incorporated in 2009 and is headquartered in Memphis, Tennessee….
This appears that this Memphis run automotive business recently bought out the Minnesota based automotive business. However on their website, the acquisition of TwinCo- Romax takes place on August 13, 2012, not August 31, 2012. One also sees they more recently acquired another company this past February. February 13th, incidentally. They took control of Robert Elgart & Son, Inc., in neighboring Philadelphia. Robert Elgart has been servicing the automotive industry since 1948 and is a wholesale distributor of automotive supplies. The company sells primarily to medium independent automotive supply stores, as well as carwash, marine, industrial and aviation customers.
So DYK has bought up two of America’s primary markets in the automotive aftercare business in less than half a year. Certainly those are not cash transactions. They involve leveraged financing.
A search for DYK in Newark Delaware points to their giant warehouse on Pencader Blvd, in Glasgow, (Nancy’s backyard). This is DYK’s fourth distribution center and the first in the Northeast. It brags upon its location as being close to 95, and being in Pencader Plaza, I’m sure it pays zero Delaware tolls for its use of that road…. It’s trucks get off at Newark exit in Maryland, and get on at the Newark exit in Delaware. The Pencader plant, listed as a “manufacturing and distribution center”, has been operating since late 2011.
On February 21st of this year, DYK announced the opening of its Wilmington manufacturing plant. That would be the storage tanks in Pleasant Hills. Ernest Felici and John Birmingham of the Wilmington, Del. office of Cushman & Wakefield were principals in the arrangements. Cushman & Wakefield specialize in surreptitious acquisitions. . “Given the product storage, it became difficult to find municipal cooperation in our initial search. Newark, Del. provided the right combination in terms of the right building and the ability to meet local code requirements.”
If one looks the corporate roster of DYK one sees its principal is Don Youngblood, CEO and President. He is listed as having no cross relationships. However his Vice President, Chris Crosby, does have one relationship and that is with Dobbs Management Service, LLC.
Dobbs Management, just like DYK, Cushman & Wakefield, is also based in Memphis. Chris Crosby is also Vice President of Dobbs Management. This person is connected to 3 Board Members in 3 different organizations across 5 different industries.
In his brief bio, is this statement…
Ah ha. and there you have it… Thought so.
kavips 