Surprising no one, California loses another business to Texas

July 20, 2014

Moving

This time, Perry’s Poachers have snagged Omnitracs LLC of San Diego, a fleet management firm that will be moving to Dallas and taking 450 jobs with it:

Fleet management software company Omnitracs LLC will relocate it headquarters to Dallas from San Diego, creating 450 jobs and $10 million in capital investment, Gov. Rick Perry’s office announced Friday.

The company will move into KPMG Centre downtown.

Omnitracs is the latest in a wave of California relocations to North Texas announced this spring and summer.
The Texas Enterprise Fund is providing a $3.9 million incentive to attract Omnitracs. The new headquarters will house jobs in a variety of high-paying fields, including engineering, research and development and finance.

Omnitracs provides fleet management solutions for the trucking industry. Its services include software applications, GPS fleet tracking, platforms and information services.

Omnitracs is just the latest in a long line of businesses that have fled or are about to flee the once-Golden State. The article lists others, including Toyota, and mentions Vista Equity Partners, a California firm that specializes in buying firms and moving them to Texas.

Yes, the one business that California can keep is one that helps others get the heck out.

Well, we bloody well deserve it, with a business climate that’s designed to drive people away, not bring them here. I’m old enough to remember when California was a place to people rushed to, in order to build a future.

Now, thanks to 40 years of progressive misrule, they rush to get out, in order to save what future they have left.

via Stephen Frank

RELATED: Victor Davis Hanson, a fellow Californian, on our frivolous legislature. Must reading.

(Crossposted at Sister Toldjah)

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A million a day for ISIS and a grain of salt

July 20, 2014

ISIS, the jihadist group that’s declared a Caliphate on the ruins of western Iraq and eastern Syria, is now making roughly a million bucks per day by selling oil seized from Iraqi pipelines. Note also the Kurdish connection: no one’s pure in that part of the world.

Money Jihad

Is a million dollars a day enough to sustain ISIS’s operations without dipping into its own reserves? Perhaps. There may be about 10,000 ISIS foot soldiers. Paying, feeding, clothing, and transporting that many men is expensive. But if each jihadist were getting a proportionate share of $100 a day, that still well exceeds the median Iraqi income of $15 a day, which probably helps with recruitment efforts.

That being said, such a rapid influx of money does not automatically translate into the ability to spend the money—either wisely or at all. Remember the movie “Brewster’s Millions” where Richard Pryor was challenged to spend $30 million in 30 days? It’s harder than it looks.

But it’s still ominous. From the Telegraph on July 11:

Iraq oil bonanza reaps $1 million a day for Islamic State

Exclusive: Islamic State strengthens grip on northern Iraq by raising millions from sale of oil through…

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