Today California is kicking our butt, creating more jobs and more economic growth than Texas.
Ever-proud Texas has lately been bested in job gains and economic oomph by California, a Texas Democrat pokes. Julin Castro, the U.S. secretary of Housing and Urban Development, brought up California during the Texas Democratic Partys state convention after noting that as governor, Republican Rick Perry taunted the west coast state for its economy not matching his home states pace. Today,the former San Antonio mayor told reportersJune 17, 2016, California is kicking our butt, creating more jobs and more economic growth than Texas. Maybe what we need to do is trade in Gov. Jerry Brown, of California, for Gov. Greg Abbott and get better results. Castro made a similar declaration in his evening keynote speech,telling delegates: This is what happens when a party doesnt believe in government in the first place but has absolute power over its people for decades. You know, they used to brag that Texas was doing so much better than big bad liberal California. But Texas Republicans managed to bungle that too. Because today California is kicking our butt in job development and economic growth. Castros backup Wondering how Castro reached his conclusion, we heard back from Manny Garcia, a state party official, who said by email that Castro drew on news stories and government data to find Texas trailing. Garcia also provided what he described as Castros personally preparedbackup document. Over the 12 months starting in June 2015, Castros footnoted document notes, Texas added an estimated 171,800 seasonally adjusted jobs,per the Texas Workforce Commission. California from April 2015 through April 2016reportedly added450,200 jobs, the document says. Castros document also declares that California has lately seen greater percentage increases in Gross Domestic Product. Between the first quarter of 2014 and the last quarter of 2015, the Bureau of Economic AnalysisannouncedJune 14, 2016, California saw a 4.1 percent increase in GDP, based on national prices for the goods and services produced within each state. Texas GDP had gone up 3.8 percent, per the bureau. Alsonotedby Castro, Californias real GDP grew 2.7 percent from the third quarter to the fourth quarter of 2015; Texass GDP only grew 1.4 percent. Castros document further notes that from 2014 to 2015, per capita personal income in California grew by 5.3 percent, according toa March 2016 Bureau of Economic Analysis document. In the same year, per capita personal income in Texas grew 2.4 percent, according to the bureaufact sheet about Texas. Economists comment For our part, we noticed that Castro compared raw changes in jobs over slightly different time periods. Economists we queried agreed the population difference between the states makes raw counts less useful than rate-of-change comparisons. At the time Castro spoke, the latest availableU.S. Census Bureau population estimatesindicated that as of July 2015, the Golden State was home to 38.8 million people and Texas had 27 million residents--or 30 percent fewer. To compare job gains for each state over a similar period, we turned to Cheryl Abbot, a regional economist in the Dallas office of the Bureau of Labor Statistics. By email, Abbot advised that from May 2015 through April 2016, 32 states had statistically  significant year-over-year increases in nonfarm payroll employment. The largest job gains, she said, were in California, Florida and Texas, with 440,300, 253,900 and 171,800 jobs gained, respectively. In percentage growth, Abbot said, the annual rate of jobs growth for California was 2.8 percent, compared with Texas 1.5 percent. So, booyah for California? We asked Daniel Hamermesh, an economist at the Royal Holloway University of London formerly employed by the University of Texas, to assess the jobs figures with Castros claim in mind. By email, Hamermesh replied that Castro was right for the short term though Texas continues to look better in the long view; from May 2006 to May 2016, the state saw job gains of 18.6 percent as California experienced 8 percent growth, Hamermesh said. After wedownloaded the governments monthly counts of jobs in each state, we found that as of May 2016, California had experienced greater percentage gains in employment than Texas for every 12-month period going back to 2011. Its only if you go back further that Texass jobs growth exceeds the growth for California. This doesnt entirely mean Texas loses out. Separately to our inquiry,Tara Sinclair, chief economist for Indeed, a job-posting service, pointed out by email that Texas has long enjoyed a lower unemployment rate--a facet Castro didnt mention. Sinclair drew on data posted by the Federal Reserve Bank of St. Louis to show thatTexas unemployment rate has trailed Californias rate since before 2010. Sinclair also prepared agraphshowing that since about 1990, Texas has had a better nonfarm employment-to-population ratio than California, though both states have shown improvement since 2010:  All in all, Sinclair said by email, focusing on the total number of people employed is misleading due to the different population sizes of the two states. By both the unemployment rate (a standard measure of labor market health) as well as the employment to population ratio, Texas's labor market actually looks healthier than California's. GDP and personal income Castros other suggested indicators--GDP and personal income growth--check out in Californias favor. We confirmed his provided GDP figures, also spotting two sets of inflation-adjusted Bureau of Economic Analysis figures of note: --Californias $2.2 trillion GDP in the first quarter of 2016 was up 4.7 percent from its $2.17 trillion GDP in the first quarter of 2015 while Texas first quarter 2016 GDP of $1.48 trillion was up 0.2 percent from $1.478 trillion 12 months before (figures in chained 2009 dollars). --Californias 2015 per capita real GDP of $56,395 was up 3.2 percent from $54,606 in 2014; Texass per capita GDP of $53,707 was up 1.8 percent from $52,742 in 2014. Meantime, the bureausstate-by-state breakoutshows California with the bigger improvement in personal income between the last quarter of 2015 and first quarter of 2016. Personal income means net earnings from property income and other sources including government programs. California saw 0.9 percent growth in per capita personal income between the last quarter of 2015 and the first quarter of 2016, according to another bureau chart, while Texas saw 0.8 percent growth. California also saw greater growth by this metric each of the previous four quarters, per the chart, with Texas last having a growth edge in the fourth quarter of 2014:  Our ruling Castro said that today, California is creating more jobs and more economic growth than Texas. These fightin words hold up based on recent jobs growth and relative changes in GDP and personal income. Still (just a tad whiney here) would it hurt to acknowledge that Texas continues to enjoy a lower unemployment rate? We rate this claim True. TRUE The statement is accurate and theres nothing significant missing. Click here formoreon the six PolitiFact ratings and how we select facts to check. https://www.sharethefacts.co/share/d4bc09e3-1eeb-40d9-bf5b-e9623d046118
New Jersey has gone into debt to cover unemployment benefits for people who lost their jobs in the Garden State.Assemblyman Jay Webber (R-Morris) made that argument in a recent NJToday interview about his opposition to proposed legislation aimed at providing unemployment benefits to certain individuals whose hours at work have been reduced.It might be a good idea. The problem I have is that our unemployment insurance trust fund is broke, Webber said during the Nov. 28 interview. We're over a billion dollars in debt to the federal government, and what this bill does is create another stream of income out of the fund.PolitiFact New Jersey found that Webber is right.After more than two and a half years of borrowing money to cover unemployment benefits, New Jersey still owed about $1.3 billion to the federal government as of Dec. 6, according to federal and state officials.Kerri Gatling, a spokeswoman for the state Department of Labor and Workforce Development, said the state expects to pay off the loan in late 2013.There is currently a negative fund balance resulting from the severe economic downturn whereby unemployment insurance benefit payments exceed contributions to the fund, Gatling said in an email.Webber told us the fund must be protected and its solvency ensured.Regardless of how we got there, now weve got to fix it, Webber said.Heres how we got into so much debt:New Jerseys unemployment insurance trust fund is made up of payroll taxes paid by employers and employees. The fund is used to pay unemployment benefits to people who worked in New Jersey.The idea behind such trust funds is to build up reserves when the economy is performing well in order to pay unemployment benefits during economic downturns.But state officials repeatedly diverted money from the trust fund to cover charity care payments to hospitals, ultimately reaching a total of about $4.6 billion in funds by 2005, according to the states nonpartisan Office of Legislative Services.Then, as more people lost their jobs during the recent recession and sought unemployment benefits, the trust fund was depleted by March 2009 and the state began borrowing from the federal government to cover the payments, according to OLS.The borrowing reached its height in April 2011, when New Jersey owed $2.1 billion for the loan, Gatling said. On Sept. 30, New Jersey paid nearly $48 million to the federal government to cover interest on the loan, she said.The state anticipates an interest payment of between roughly $55 million and $60 million to be made in September 2012, Gatling said.As we minimize the interest expense, we take excess funds and pay the loan balance, Gatling said. Payroll taxes are used to pay benefits and pay the loan balance.In November 2010, New Jersey voters overwhelmingly approved a constitutional amendment prohibiting the diversion of money from the unemployment insurance trust fund and other benefit funds for any other purposes.But New Jersey isnt the only state that owes the federal government money to cover unemployment benefits.As of Dec. 6, 27 states and the U.S. Virgin Islands owed a total of roughly $38.3 billion in principal alone, including New Jerseys roughly $1.3 billion, according to the U.S. Treasury Department. California owes the most, about $9.4 billion, according to the department.Our rulingWebber claimed in a television interview that New Jerseys unemployment insurance trust fund is broke. We're over a billion dollars in debt to the federal government.The assemblymans statement is on target. New Jersey currently owes more than $1 billion to the federal government for money borrowed to pay unemployment benefits.We rate the statement True. To comment on this ruling, go toNJ.com. In late August 2020, readers inquired about a meme circulating on Facebook that claimed falsely that U.S. House Speaker Nancy Pelosi had rigged legislation to help her husband benefit financially from selling off property belonging to the U.S. Postal Service.   The meme's text reads: This is Paul Pelosi (aka, Nancys Husband). He owns Financial Leasing Services LLC, a San Francisco based Real Estate and Venture Capitalist Firm. His net worth is 120 million. Why is this important? His wife sits on the House Appropriations committee. This committee appropriates funds to the United States Postal Service ( and others). Why is this important? Easy. She passed a bill to sell off 9 billion dollars ( yes 9 BILLION WITH a [smile emoji] worth of FEDERALLY OWNED POST OFFICE PROPERTY AND AWARDED THE THE CONTRACT TO, none other, Financial Leasing Services LLC. Her husbands firm. Why is this important? The commissions rate was set at 9%. That is almost a 1 BILLION dollar contract. If thats not enough, lets look at the new stimulus package. Nancy wants 25 billion in the stimulus package for the postal service where only 1.25 billion goes to making sure voting ballots are legit. The other 23.5 billion is going to upgrading the facilities so they are more attractive to potential buyers for her husbands firm. Corrupt to the core. It's true that Speaker Pelosi's husband Paul Pelosi owns and operates Financial Leasing Services, a San Francisco-based investment company. Financial disclosures in 2018, the most recent available, show Speaker Pelosi's estimated net worth to be $114 million. owns estimated But Speaker Pelosi doesn't sit on the House Appropriations Committee. Her spokesman Drew Hammill told us by email she hasn't been on the committee since 2002. Furthermore, we found no evidence that a bill to sell off $9 billion-worth of federally-owned U.S. Postal Service property exists. doesn't sit It's true that the U.S. House of Representatives passed a bill that would, if signed into law, provide $25 billion to shore up the Postal Service and rectify delays in mail delivery service, but it doesn't allocate $1.25 billion toward "making sure voting ballots are legit." The funding was originally on the table during negotiations over a coronavirus stimulus package, but those negotiations broke down. Whether the stand-alone Postal Service funding bill will be signed into law by U.S. President Donald Trump seems unlikely. bill originally unlikely The meme seems to be a rehash of a similar one that dates back to 2013  except in that case the subject of the claim was Richard Blum, the husband of U.S. Sen. Diane Feinstein, D-Calif., who like Pelosi hails from San Francisco. similar one Mikkelson, David.  "Did Dianne Feinstein Get Her Husbands Company a USPS Contract?"   Snopes. 23 April 2013. Rayome, Alison DeNisco.  "What the New USPS Bill Means for the Next Stimulus Package."   CNET.  24 August 2020. Pramuk, Jacob.  "House Passes Bill to Put $25 Billion Into USPS and Reverse Changes Amid Uproar."   CNBC.  22 August 2020. Henney, Megan.  "How Much Money is Nancy Pelosi Worth?"   Yahoo! News.  17 July 2020. Wildermuth, John.  "Pelosi's Husband Prefers a Low Profile."   San Francisco Chronicle.  1 January 2007. In late March 2019, a photograph supposedly showing piles of "worthless" currency thrown into gutters in Venezuela circulated on social media, attached to comments blaming socialism for the phenomenon behind the striking visual. One popular posting on Facebook was captioned, "This is a street in Venezuela. That's money in the gutter. It's worthless. Welcome to socialism.": Facebook   This is a genuine photograph of worthless money dumped in the gutter of a Venezuelan street. However, the accompanying caption presents an oversimplification of the series of events that led to this currency's worthlessness and its discarding by Venezuelan residents. The economic collapse in Venezuela that began in 2013 is a complex matter which can't be attributed to any single factor. News outlets such as Bloomberg, the New York Times, and Fox News have cited a wide range of issues that led to the country's current economic crisis, including plunging oil prices, government corruption, political unrest, and socialist policies. That brew of unfavorable economic conditions has spawned massive hyperinflation which has greatly devalued Venezuela's currency, as the Washington Post reported in January 2018: Bloomberg New York Times Fox News reported Hyperinflation is disorienting. Five or six years ago, 500 bolivars wouldve bought you a meal for two with wine at the best restaurant in Caracas. As late as early last year, they wouldve bought you at least a cup of coffee. At the end of 2016, they still bought you a cup of caf con leche, at least. Today, they buy you essentially nothing ... well, except for 132 gallons of the worlds most extravagantly subsidized gasoline. Although hyperinflation has indeed caused the bolivar to become all but worthless, the caption on this viral photograph is a bit misleading. The money shown lying in the gutter in this picture is Venezuela's old currency, the Bolvar Fuerte, which was replaced by a new form of currency, the Bolivar Soberano, in August 2018.  When the Bolivar Soberano was introduced, Bolvar Fuerte currency in amounts less than 1,000 ceased to be legal tender, and Bolivar Fuerte currency in all amounts was completely withdrawn on 5 December 2018.   Hence the discarded money seen here was literally worthless not because it had no value, because it had been completely replaced by a newer currency and was no longer legal tender. Here's an excerpt from a CNN report about the switch in currencies: CNN Venezuela issued a new currency in an attempt to bolster its crumbling economy as the International Monetary Fund (IMF) warned that inflation could hit one million percent this year. The move, part of a dramatic raft of measures aimed at halting runaway hyperinflation, comes as thousands of Venezuelans continue to flee across the border into neighboring countries amid food and medicine shortages, political turmoil and soaring crime rates. In a tweet posted following the unveiling of Venezuela's new currency, the country's president Nicolas Maduro hailed the recovery package as a "revolutionary formula." The new "Bolivar Soberano" currency is worth 100,000 "old" Bolivares. "We found the revolutionary formula that puts work in the center of the general re-adjustment of society, based on the production of goods and the value of salary. With that, we're gonna put to rest forever the perverse model that dollarized the prices in the country," tweeted Venezuela's 55-year-old leader. "I call on the people to defend -- conscientiously -- the adjustment of the prices on street," Maduro later said in another tweet. A bank holiday was declared, with banks remaining closed as the new currency took effect. The rebranded currency, which has five fewer zeroes than the country's previous currency and will be pegged to a cryptocurrency called the Petro, is intended to simplify transactions. The viral photograph was likely taken on 11 March 2019 and showed the aftermath of looting at a bank in the town of Merida. Local news outlet Maduradas.com compiled several other photographs of the incident and reported that the perpetrators had discarded the old money on the streets and even lit some of it on fire (translated via Google): Maduradas.com TERRIBLE! Encapuchados saquearon banco Bicentenario en Mrida y esparcieron bolvares del viejo cono monetario por las calles (+Fotos) Este lunes 11 de marzo, encapuchados saquearon la agencia del banco Bicentenario en la avenida 3, de Glorias Patrias, en el estado Mrida. El hecho fue confirmado por el diputado de la Asamblea Nacional Williams Dvila, as como por el corresponsal de El Nacional en el estado Mrida, Leonardo Len. A travs de la red social Twitter, informaron que los ciudadanos esparcieron montones de billetes de viejo cono monetario en las calles, los cuales despus fueron incendiados. TERRIBLE! Hooded (vandals) sacked the bank Bicentenario in Merida and scattered bolivars of the old currency through the streets (+ Photos) On Monday, March 11, hooded (vandals) sacked the Bicentenario bank agency on Avenue 3, Glorias Patrias, in the state of Merida. The fact was confirmed by the deputy of the National Assembly Williams Dvila, as well as by the correspondent of El Nacional in the state of Mrida, Leonardo Len. Through the social network Twitter, they reported that citizens scattered piles of old money bills in the streets, which were then set on fire. Venezuelan journalists and social media users shared several other photographs of the scene: Ayer se produjo el saqueo de un banco bicentenario en la ciudad de Mrida, en las cercanas de la plaza Glorias Patrias. Los saqueadores incendiaron una pila de bolvares adems de dejar muchos billetes por el suelo. pic.twitter.com/7gmL7FqMYo pic.twitter.com/7gmL7FqMYo  Descifrando la Guerra (@descifraguerra) March 12, 2019 March 12, 2019  TERRIBLE! Encapuchados saquearon banco Bicentenario en Mrida y esparcieron bolvares del viejo cono monetario por las calles https://t.co/6U3kFuMHn5 #LiberenALuisCarlos,#12Mar,#solidarioservicios pic.twitter.com/QT0fP9ifaF https://t.co/6U3kFuMHn5 #LiberenALuisCarlos #12Mar #solidarioservicios pic.twitter.com/QT0fP9ifaF  EntornoInteligente (@ENTORNOi) March 12, 2019 March 12, 2019  #MeridaBanco Bicentenario en Merida fue robado, slo haban billetes del viejo cono monetario que terminaron tapizando las calles del centro de la ciudadVenezuela es realismo magico y tragicoSarai Suarez pic.twitter.com/lIeo2mpw70 #Merida pic.twitter.com/lIeo2mpw70  Nellie B. Izarza ? ???? (@myteks) March 12, 2019 March 12, 2019  In short, the "money in gutters" image shown above captured an older and now invalid form of currency that was tossed aside after the looting of a bank, and not usable currency discarded by citizens because it had been made next to worthless due to "socialism." Sterling, Joe.  "Venezuela Issues New Currency, Amid Hyperinflation and Social Turmoil."
  CNN.  23 August 2018. Toro, Franciso.  "In Venezuela, Money Has Stopped Working."
  The Washington Post.  17 January 2018. Llorente, Elizabeth.  "Caracas, Once a Thriving Metropolis, Is Struggling as Country Plunges Further Into Chaos."
  Fox News.  4 April 2019. The New York Times.  "The Crisis in Venezuela Was Years in the Making. Heres How It Happened."
  23 January 2019. Martin, Eric and Patricia Laya.  "What Broke Venezuela's Economy and What Could Fix It."
  Bloomberg.  9 March 2019. Maduradas.com.  "TERRIBLE! Encapuchados Saquearon Banco Bicentenario en Mrida y Esparcieron Bolvares Del Viejo Cono Monetario Por Las Calles (+Fotos)."
  12 March 2019. El Nacional.  "Billetes Inferiores a 1.000 Bolvares No Tendrn Valor a Partir del 20A."
  14 August 2018. 2001.com.ve.  "Bolvar Fuerte Circular Hasta el Mircoles 5 de Diciembre."
  Accessed 5 April 2019. Have West Virginia exports been on fire recently? A tweet by the West Virginia Republican Party suggests so. In an April 2tweet, the state party said, West Virginias exports increased for the second year in a row in 2018, reaching $8.1 billion. Additionally, West Virginias export growth rate was 14.2%, nearly double the national average of 7.6%. West Virginias exports increased for the second year in a row in 2018, reaching $8.1 billion. Additionally, West Virginias export growth rate was 14.2%, nearly double the national average of 7.6%.https://t.co/PW0hpM1e8z Did West Virginia really outpace the national average of export growth rates? The tweet linked to a March 17articlein WVNews. In turn, the article cites a March 15news releaseby the West Virginia Department of Commerce that reported data from the U.S. Census Bureau. Caitlin Ashley-Lizarraga, an international trade specialist at the West Virginia Department of Commerce, pointed us to detailed Census Bureau data collected by a private-sector subscription database, theGlobal Trade Atlas. The table shows that West Virginia did indeed export $8.1 billion to the rest of the world in 2018, and that represented a 14.2% increase over the export total for 2017. The increase for the nation as a whole was a little over half that -- 7.6%. We were able to replicate this data using the Census Bureaus ownUSA Trade Onlinedata portal. While the export growth in West Virginia was strong between 2017 and 2018, its worth noting that this expansion came from a small base. In fact, West Virginia ranks thirteenth from the bottom in total exports for 2018. The states ranking below West Virginia are Arkansas, Delaware, Idaho, Maine, Montana, Nebraska, New Hampshire, North Dakota, Oklahoma, South Dakota, Vermont, and Wyoming. The West Virginia Republican Party tweeted, West Virginias exports increased for the second year in a row in 2018, reaching $8.1 billion. Additionally, West Virginias export growth rate was 14.2%, nearly double the national average of 7.6%. The data, which we verified with a U.S. Census Bureau database, supports what the tweet said. We rate the statement True. Republican Rep. Marjorie Taylor Greene from Georgia has courted controversy on various issues by promoting QAnon conspiracy theories, alongside a history of anti-Muslim and anti-Semitic remarks. Years-old views, including a Facebook interaction in which she agreed with a comment that the Parkland shooting was a "false flag" staged event, and a video in which she pushed 9/11 conspiracy theories, have been unearthed. Marjorie Taylor Greene courted controversy interaction 9/11 conspiracy theories One post from 2018 in particular was reported on by Media Matters for America, a watchdog group, where she speculated about a conspiracy surrounding the November 2018 wildfires in California. In the now-deleted post, Greene theorized that a space-based solar generator, used in a clean-energy experiment with the goal of replacing coal and oil, could have beamed the sun's energy back to Earth and started the fires. We have covered similar claims surrounding the wildfires before. reported now-deleted theorized similar claims She said, "there are too many coincidences to ignore" and "oddly there are all these people who have said they saw what looked like lasers or blue beams of light causing the fires."   Greene also speculated that a range of people or groups were involved in this fire, including former California Gov. Jerry Brown, Pacific Gas & Electric (PG&E), and Rothschild Inc., an investment firm. She said that Roger Kimmel, who was on the board of PG&E, was also "Vice Chairman of Rothschild Inc," and "If they are beaming the suns energy back to Earth, I'm sure they wouldn't ever miss a transmitter receiving station right??!! I mean mistakes are never made when anything new is invented. What would that look like anyway? A laser beam or light beam coming down to Earth I guess. Could that cause a fire? Hmmm, I don't know. I hope not! That wouldn't look so good for PG&E, Rothschild Inc, Solaren or Jerry Brown who sure does seem fond of PG&E." The Rothschilds, a Jewish banking family, have long been the targets of anti-Semitic conspiracy theories claiming that Jewish people are in control of the entire world. While Greene specifically did not use the words "Jewish space laser," she heavily implied that the Rothschilds were involved in the laser conspiracy. targets An investigation showed that the California wildfires of 2018 were ignited by PG&E power lines, and then spread with the help of warm temperatures, dry vegetation, and strong winds. showed In late January 2021, CNN reported that dozens of posts from 2018 and 2019 had been removed from Greene's Facebook page. removed Given that Greene did not directly state that "Jewish lasers" caused the fires, but did speculate that laser beams somehow connected to the Rothschild investment firm were a cause, we rate this claim as "Mixture." On 30 April 2016, the web siteDeparted.copublished a clickbait article claiming that American flags were removed from a Pearl Harbor memorial at President Obama's request. The piece had no context beyonda series of photographs of what they said was the flag being taken down. While Departed.copublished several photographs of the memorial  some of which included a flagpole, whileothers were taken after the flagpole wasremoved  they provided little information about the memorial or the flag's removal. No photographs showed any proof, even by inference, that President Obama was either present or responsible for the order: published  As it turns out, there's also a good reason that President Obama was not shown in any photographs: this didn't eventake placeduring Barack Obama's presidential term.The images were first posted in 2007 by the web siteCapVeterans.com.  CapVeterans.com A couple of years previously, the Honolulu Advertiserhad reported that Pearl Harbor was undergoing major renovations and that some veterans were worried about potential changes: changes The memorial's visitor center is overburdened  the lines to bathrooms there are the stuff of legend  and the National Park Service would like to expand its facilities. (Hawai'i entrepreneur Patrick) Brent said he transformed "a filthy parking lot with broken glass and a high crime rate" into a respite for visitors. "Every time we put out a chair, someone sits down," Brent said. But aging survivors of the attack on Pearl Harbor have frequently complained to Brent about his for-profit organization. One veteran told him that the sailors entombed in the USS Arizona are crying because he is selling cola, Brent said. "They attack us because of the respect thing.There is no one in this neighborhood more respectful than myself and my people." We have reached out to the National Park Service for details about this incident, but it's clear that the flagpole's removal had more to do with renovations than politics. Regardless of why it was removed, the flagpole was not taken down on the orders of President Barack Obama.    CapVeterans.com.  "The National Park Service Wants To Remove The Marine Corps PEARL HARBOR Remembrance Memorial."
  2007.



 Gordon, Mike.  "Navy's $84M development deal is changing the face of Pearl Harbor."
  Honolulu Advertiser.  21 February 2005. Claim:  Forger steals money by manipulating ABA symbols on checks. LEGEND Origins:  One of the ways paperhangers were supposedly able to pass bad checks easily once upon a time was by manipulating the American Bankers Association (ABA) numbers encoded on nearly all checks with magnetic ink.  Although the American banking system relies heavily upon this information for the automated sorting and routing of checks, many bank personnel are unfamiliar with or pay little attention to these numbers. ABA The system has changed a little bit over the years, but nowadays checks typically bear a nine-digit ABA routing number printed in the bottom left-hand corner (indicated as #5 in the above diagram).  In general, the first four digits are a Federal Reserve routing symbol,  identifying which of the twelve Federal Reserve districts the check was printed in (and a city within that district).  The next four digits are an ABA institution identifier which designates the bank on which the check is drawn, and the last number is a check digit. Federal Reserve Check forgers manipulated the banking system by altering the ABA routing numbers on the bad checks they passed so that the numbers identified different banks than the ones whose information was printed on the face of those checks.  For example, a forger attempting to pass a bad check in Boston might present a check whose printed information indicated it was drawn on a Philadelphia bank, but whose  routing number had been altered to indicate that it came from a bank in the 12th Federal Reserve district (which encompasses the western United States).  The Boston bank would expect a check drawn on a Philadelphia bank to clear within two or three days and assume that if it hadn't been kicked back to them by the end of the third day, it was good.  However, the altered routing number would cause the automated sorting machinery to send the check on to a San Francisco clearing house for processing.  Once the check arrived in San Francisco, a computer there would kick it out because the routing number didn't match the other information encoded on the check, and the check would be mailed back to the Philadelphia bank for processing.  This whole process could take several days, but because the Boston bank assumed the check was good after the third day, the forger could withdraw his funds and leave town long before they discovered his check was phony. Con man Frank Abagnale (of Catch Me If You Can fame) claims in his memoirs that he "was the first check swindler to use the routing numbers racket" in the late 1960s.  One of Thomas Whiteside's 1977 New Yorker articles included an example of what supposedly happened when a forger altered checks drawn on the Chemical Bank in New York so that their routing numbers identified them as coming from a Los Angeles bank: Although the check bore the name and address of the Chemical Bank in New York, the Federal Reserve data-processing system scanned only the magnetic-ink code on it, identified it as a Bank of America check, and routed it to Los Angeles.  The check remained in transit for perhaps two days. At the end of that time, it was run through the computer mechanism at the Bank of America.  The computer, instantly searching its memory for a Bank of America account number matching that of the magnetic-ink strip on the check, rejected the check, which then went into a clerical pool for manual handling. Since the printed logotype on the check clearly identified it as a check that belonged in the Chemical Bank in New York, the clerk handling the machine-rejected check sent it back to the Chemical Bank by mail, assuming that a simple routing error had been made.  The check was then in transit for another two days. Back at the Chemical Bank, the check was put into the computerized sorting system for final clearance. But instead of that, it went into motion again: the Chemical Bank computing system passed it on to the Federal Reserve System, which routed it out to the Los Angeles bank again, which routinely sent it back to New York, and so on. The fraud was uncovered only when checks issued by the depositor became so frayed from mechanical handling in the computer system that they could no longer be read automatically ... [b]y that time, according to an auditor who told me of the affair, the depositor had disappeared with more than $1 million in cash. Last updated:  1 July 2014    Whiteside, Thomas.  Computer Capers.   New York: Mentor, 1978.  ISBN 0-451-62173-5  (pp. 31-33). FACT CHECK: Is President Obama compiling a "secret race database" comprised of "sensitive personal data"?      Claim:  President Obama is compiling a secret race database comprising Americans' sensitive personal data.  MOSTLY  WHAT'S :   Extant data collection methods used by agencies such as HUD track demographic patterns, including race and integration trends.     WHAT'S /CONJECTURE:  The Obama administration is collecting demographic data for a broader racial purpose, the practice is new, and the openly-compiled data comprises a "secret race database." Example:  [Collected via e-mail and Twitter, July 2015] According to an article in the New York Post, President Obama is collecting a nefarious "secret race database." How much of this is true, and how much is misleading hype? So who are the racists again? Obama collecting personal data for a secret race database https://t.co/63VmYIXqNE via @nypost https://t.co/63VmYIXqNE @nypost  Yes, Nick $earcy! (@yesnicksearcy) July 19, 2015 July 19, 2015   This is movie level horror material yet it's happening. It's real life. https://t.co/LxxvA7EpyE https://t.co/LxxvA7EpyE  Anthony Cumia (@AnthonyCumia) July 19, 2015 July 19, 2015   I favor equal opportunity, not govt forcing equal results. This is Affirmative Action on steroids: https://t.co/N3snUnie67 #WakeUpAmerica https://t.co/N3snUnie67 #WakeUpAmerica  Senator Dick Black (@SenRichardBlack) July 19, 2015 July 19, 2015   Obama collecting Americans' personal info for a secret race database https://t.co/1VNJqRsqQf This makes my skin crawl @RandPaul https://t.co/1VNJqRsqQf @RandPaul  Alexis In NH (@AlexisinNH) July 18, 2015 July 18, 2015   Origins:   On 18 July 2015, the New York Post published an article titled "Obama Collecting Personal Data for a Secret Race Database." The article made vague claims that President Obama (or agents of the government working on his behalf, described as "racial bean counters") had been quietly collecting sensitive, personal data about American citizens for purposes of racial justice: Unbeknown to most Americans, Obama's racial bean counters are furiously mining data on their health, home loans, credit cards, places of work, neighborhoods, even how their kids are disciplined in school  all to document "inequalities" between minorities and whites. This Orwellian-style stockpile of statistics includes a vast and permanent network of discrimination databases, which Obama already is using to make "disparate impact" cases against: banks that don't make enough prime loans to minorities; schools that suspend too many blacks; cities that don't offer enough Section 8 and other low-income housing for minorities; and employers who turn down African-Americans for jobs due to criminal backgrounds. The paper offered up one example of the purported secret racial database's reach, pertaining to Housing and Urban Development's (HUD) data collection practices: The granddaddy of them all is the Affirmatively Furthering Fair Housing database, which the Department of Housing and Urban Development rolled out earlier this month to racially balance the nation, ZIP code by ZIP code. It will map every US neighborhood by four racial groups  white, Asian, black or African-American, and Hispanic/Latino  and publish geospatial data pinpointing racial imbalances. No explanatory links to this nefarious database were provided, but we managed to hack our way into the program to get the full scoop. Actually, we entered "Affirmatively Furthering Fair Housing" into Google's search box and immediately found HUD's page explaining the program and its purposes. program So secretive is this database that HUD has made numerous documents available describing its overall progress, including links to the Federal Register [PDF] and its most current Affirmatively Furthering Fair Housing policy. (They even tried to bury it by issuing a press release about it.) A portion of that openly published, available for all to view documentation is described by HUD as "[updated data use methods] on affirmatively furthering fair housing (AFFH) [aim] to provide all HUD grantees with clear guidelines and the data that will help them to achieve those goals": PDF current press release HUDs rule clarifies and simplifies existing fair housing obligations for HUD grantees to analyze their fair housing landscape and set locally-determined fair housing priorities and goals through an Assessment of Fair Housing (AFH). To aid communities in this work, HUD will provide open data to grantees and the public on patterns of integration and segregation, racially and ethnically concentrated areas of poverty, disproportionate housing needs, and disparities in access to opportunity. This improved approach provides a better mechanism for HUD grantees to build fair housing goals into their existing community development and housing planning processes. In addition to providing data and maps, HUD will also provide technical assistance to aid grantees as they adopt this approach. In short, HUD will be using extant data to identify areas in which fair housing laws may not be functionally applied. Similarly, the Federal Register's lengthy (public, easy to find) summary stated: Through this rule, HUD commits to provide states, local governments, public housing agencies (PHAs), the communities they serve, and the general public, to the fullest extent possible, with local and regional data on integrated and segregated living patterns, racially or ethnically concentrated areas of poverty, the location of certain publicly supported housing, access to opportunity afforded by key community assets, and disproportionate housing needs based on classes protected by the Fair Housing Act. Through the availability of such data and available local data an knowledge, the approach provided by this rule is intended to make program participants better able to evaluate their present environment to assess fair housing issues such as segregation, conditions that restrict fair housing choice, and disparities in access to housing and opportunity, identify the factors that primarily contribute to the creation or perpetuation of fair housing issues, and establish fair housing priorities and goals. The New York Post cited another shadowy instance of "racial bean counting": Meanwhile, the Federal Housing Finance Agency, headed by former Congressional Black Caucus leader Mel Watt, is building its own database for racially balancing home loans. The so-called National Mortgage Database Project will compile 16 years of lending data, broken down by race, and hold everything from individual credit scores and employment records. Again, the National Mortgage Database was hidden in plain sight. In seconds on Google, intrepid searchers could locate the Federal Housing Finance Agency's page devoted to the National Mortgage Database (upon which no mentions of race or racial equality appeared): page In 2012, FHFA began a major initiative to build a national mortgage database on first-lien single-family mortgages in existence any time from January 1998 forward. This project is being jointly funded and managed by FHFA and the Consumer Financial Protection Bureau. The information will primarily be used to support the agencies' policy making and research efforts and help regulators better understand emerging mortgage and housing market trends in this evolving and changing finance market. Like the AFFH, the National Mortgage Database was also buried deep in the annals of the publicly accessible and searchable Federal Register. Federal Register From that point on, the Post's article primarily focused on purportedly nefarious and racially motivated actions by "Obama's brainchild," the Consumer Financial Protection Bureau (CFPB). (In actuality, the CFPB was primarily the "brainchild" of Elizabeth Warren and came into existence as part of Dodd-Frank related financial reforms.) The article claimed the CFPB was compiling separate databases for credit profiles and employment. We were able to locate a Government Accountability Office (GAO) document dated September 2014 [PDF] concerning collection of credit data. However, no portion of that document mentioned race, and we were unable to locate any documents, articles, or other information relating to race-based initiatives and employment efforts undertaken by the CFPB as suggested by the New York Post's article. Elizabeth Warren PDF A final portion of the article claimed that the Department of Education was enforcing segregation by way of race-based data collection (implicitly, at the behest of President Obama). However, a (not secret)  page on the U.S. Department of Education's web site indicated that data collection of that description had been ongoing since at least 2000 (eight years before the election of Barack Obama to the presidency). page Last updated:  22July 2015 Originally published: 22July 2015 On 8 March 2018, the liberal Facebook page "The Other 98%" posted a meme reporting that 100,000 jobs at aerospace and airplane manufacturing giant Boeing will be lost  because President Donald Trump has reneged on the 2015 Joint Comprehensive Plan of Action, better known as the Iran nuclear deal:   The claim that 100,000 American manufacturing jobs would be lost likely came from a Marketwatch report, which states: report Boeing announced the largest of its deals with Iranian airlines in December 2016: 80 jets for Iran Air  including 50 of the 737 MAX 8 model. In April 2017, Iran Aseman Airlines signed an agreement to purchase 30 Boeing 737 MAX planes, with an option to buy 30 more. Boeing at the time said the Iran Air deal would support 100,000 U.S. jobs. Dan Curran, a spokesman for Boeing, told us in a statement that the company expects the effect on jobs from the policy reversal to be "minimal," if there's any at all: The production plan that we have put in place was not and is not dependent on the Iranian orders. Boeing has a robust sales backlog of more than 5,800 airplanes, which represents about 7 years of production. Iranian airlines were not included in our order backlog. And there has been no change to our backlog or production rates as a result of the Administrations announcement. At an event in Washington, D.C., Boeing CEO Dennis Muilenburg said the company had planned for the possibility that the U.S. could back out of the agreement by not committing production slots for planes slated for Iran. event It's too early to know how blowback from the policy reversal will impact Boeing and the economy as a whole, as financial publication TheStreet.com points out: Bernstein's analysts said there may be as much of a chance for Boeing to profit on an Iran fallout as not. "For defense contractors with significant Middle Eastern exposure, heightened regional tensions could drive increased demand for missile defense, in particular, but potentially also aircraft, ships, missiles, and vehicles," Harned and company wrote. [...] Various analysts, including Seaport's Sullivan and Bernstein's Harned, Laughlin and Sheey, were not overly concerned with Boeing falling behind on that production rate. The company has said it did not model the Iranian order into its production rate forecast for the 777 and the order was not part of its firm backlog of those jets as of April, which totaled 94. Any loss to 737 deliveries due to the Iranian deal would also be immaterial given the company had a backlog of 4,622 of those jets as of April. French aircraft dealer Airbus will also lose roughly $20 billion in business as a result of Trump's decision, because although the company is based in Europe, parts used to manufacture the planes are made in the United States. Among other large companies that stand to lose as a result of the decision are General Electric, Volkswagen, and Total, as CNN Money reports: reports Total (TOT), the French oil and gas company, signed a $2 billion agreement to help develop Iran's giant South Pars gas field, together with Chinese state oil company CNPC. Now the company is worried the agreement could collapse in the face of new sanctions. General Electric (GE) received millions of dollars in orders from Iran in 2017, according to company filings, for its oil and gas business. This includes orders for machine parts and equipment used in gas plants. [...] And in 2017, Germany's Volkswagen (VLKAF) announced that it would sell cars in Iran for the first time in 17 years. Koning Beals, Rachel."Boeing Will Lose Out on $20 Billion in Iran Deals as Airbus, GE Impacted."
Marketwatch.8 May 2018. Terrarosa, Tom."Boeing's Gains From Rising War Fears Could Offset Lost Iran Jet Deal."
TheStreet.com.9 May 2018. Riley, Charles, and Horowitz, Julia."Iran Deal: Who Loses as US Sanctions Return."
CNN Money.9 May 2018. DiChristopher, Tom."Trump's Iran Nuclear Deal Exit May Spark a Sanctions Battle With Europe That Uncle Sam Already Lost Once."
CNBC.9 May 2018. Tankersley, Jim, andKitroeff, Natalie. "Boeing C.E.O. Downplays Loss of $20 Billion Contract With Iran."
The New York Times.9 May 2018. During the U.S. vice presidential debate on Oct. 7, 2020, Republican candidate Mike Pence claimed he and U.S. President Donald Trump worked "from day one" in the White House to drive down American unemployment to "record" low levels  evidence, he alleged, that voters should re-elect Trump on Nov. 3 to try and reshape the economy after unprecedented job losses during the COVID-19 pandemic. Oct. 7, 2020 COVID-19 pandemic The statement echoed previous comments by the president. In October 2019, the White House issued a news release suggesting the Trump administration's "pro-growth agenda" was the reason for new jobs and a declining unemployment rate, reaching a level not seen in 50 years. news release Then, on Jan. 29, 2020, roughly one week after the Centers for Disease Control and Prevention (CDC) confirmed the first COVID-19 case in the U.S., Trump reiterated on Twitter: reiterated   About six weeks later as the deadly virus spread nationwide, Trump doubled down on that "50 year" claim and said his administration is responsible for the "best unemployment numbers in the history of our Country." He tweeted: tweeted   The claim took on another layer as the pandemic worsened: Trump alleged without evidence that his administration was responsible for helping Black Americans, specifically, get jobs. For instance, on June 2, he claimed he "has done more for the Black Community than any President since Abraham Lincoln," and that the country's unemployment figure among Black Americans was evidence of that work. claimed After that, Trump supporters went a step further by circulating the below-displayed meme online, alleging that Trump not only drove down unemployment rates for people who identify as Black or African American but also women and Hispanic workers.   This was true: U.S. Unemployment Reached 50-year Low Under Trump But no evidence showed Trump was responsible for causing the dip. First, to determine the validity of the underlying claim  that Trump shaped the economy so that U.S. unemployment dipped to the lowest rate ever  we considered the data available. The Bureau of Labor Statistics (BLS) began calculating the country's unemployment rate  the number of people seeking work divided by the sum of that amount and total people employed  in March 1940, when demographers first launched a monthly survey of households nationwide called the "Current Population Survey." Before that, more subjective and less comprehensive data existed. So to ensure accuracy in this report, we only considered the country's unemployment figure post-1940, as compiled by BLS and the U.S. Census Bureau and to which government officials refer. Bureau of Labor Statistics According to our analysis of the labor statistics before Trump's inauguration on Jan. 20, 2017 (see below for our analysis of the jobless rate during his presidency), the country recorded the lowest unemployment rate in 1944, near the end of World War II. At that time, just 1.2% of Americans were unemployed and seeking jobs, per BLS data, which included workers over the age of 14. (Note: The survey in modern years only counted adults and teenagers over the age of 16, not 14.) The survey   Next, we considered BLS unemployment data over the course of 50 years before Trump's inauguration to determine whether the country's jobless rate indeed fell to the "the lowest level in more than 50 years" under his leadership. We learned 1969's annual unemployment rate was about 3.6%, in part, because millions of men were drafted for the Vietnam War and left the American workforce, making the sum of all those seeking or maintaining employment significantly lower. In May 1969, for instance, the unemployment rate was 3.4%. After that, we obtained statistics to gauge the country's monthly unemployment rate from the beginning of Trump's term  Jan. 20, 2017  to January 2020, when the U.S. COVID-19 outbreak began and businesses on a grand scale prepared to temporarily close or furloughed workers to prevent the spread of the deadly virus. (We did not consider U.S. unemployment during the outbreak since the claim was framed by the Trump campaign that he was more suited than Democratic rival Joe Biden to revive the pandemic-stricken economy.)  Per the BLS' Current Population Survey, the country's unemployment rate in February 2017, which was compiled including survey responses in the weeks before and after Trump took office in January, was 4.6%. From that point, the proportion of Americans seeking work compared to the total number of people in the country's workforce slightly decreased under the Trump administration. By September 2019, the percentage reached 3.5%  the lowest rate since December 1969. That meant Trump was correct in saying that unemployment dropped to the lowest point in about 50 years under his watch. However, his second tweet  that that metric was the lowest in U.S. history (or since the comprehensive unemployment data existed)  was false. The World War II-era 1.2% unemployment rate was lower. Trump was correct According to BBC economists' analysis of the recent employment figure, the change was a result of 490,000 Americans leaving the workforce. Jerome Powell, whom President Barack Obama appointed to the Federal Reserve System's board of governors and Trump promoted to the agency's chairman in 2018, told CBS News at the time that "an unusually large number of people in their prime working years" were not seeking employment or maintaining jobs for a variety of reasons, such as the U.S. opioid crisis, and that the U.S. workforce participation rate was lower than almost every other advanced country. BBC economists' analysis Federal Reserve System's board of governors CBS News We also obtained data showing the country's unemployment rate by race and gender to determine the accuracy of the above-displayed meme that alleged the percentage of unemployed female workers, as well as people who identify as Black, African Americans or Hispanic, was higher in 2009 than in 2019, among other things. According to the monthly data, these facts were true at face value: were true technically ended But that statistical snapshot is missing necessary context to consider the claim  that Trump's fiscal and regulatory policies led to millions of workers finding jobs  accurate: In February 2009, roughly one month after Obama was sworn into office, he signed a $787 billion stimulus package to save jobs and reverse the economic downturn. The increased public spending on everything from roads to science programs to unemployment benefits, as well as other market trends, created new jobs on a mass scale. And, in turn, labor statistics showed a steady increase in job growth and a gradual decrease in the country's jobless rate over the course of a decade until the pandemic hit.   Looking at the graph above, we determined no significant disruptions or changes in the country's unemployment rate when Trump took office  the steady decrease is essentially indistinguishable from the Obama years after the recession. "At best, you would say it's been a continuation of a steady trend," economist Austan Goolsbee told MSNBC. told MSNBC In other words, it was false to claim that Trump moved into the White House and jumpstarted a failing economy. Rather, conditions were improving for American workers years before voters elected the real estate billionaire as president. NBC News reported in August 2020: NBC News The president rightly takes credit for having low unemployment during his presidency. In December of 2019, the unemployment rate was a scant 3.5 percent, the lowest it had been in 50 years. However, as good as that number was, when Trump took office the rate was already at 4.7 percent. That figure is quite low by historical standards (lower than all of the 1980s as well as most of the 1990s and 2000s). In December of 2017, it was the lowest the number had been since the Great Recession. In fact, Obama saw a much steeper drop in unemployment in his second term, a 3.3 drop in the rate, than Trump did in his first three years, a decline of 1.2 points. Thats not to besmirch the remarkably low unemployment under Trump, but its hard to ignore that the unemployment track under Obama had been downward. Again, the numbers look like the continuation of a trend, not something new. Another analysis of labor statistics by NPR came to the same conclusion: that job growth remained consistent since the end of the recession in 2010 and 2018, while the unemployment rate steadily decreased. NPR reported: labor statistics by NPR So while the White House can certainly point to some yardsticks that indicate a meaningful turnaround on Trump's watch  including small business sentiment, business investment and goods-producing job growth  broader measures of the overall job market and wages show the economy continues to follow the steady, upward glide path that began under Obama. In sum, considering no evidence showed policies enacted by the Trump administration drove down the country's unemployment rate  but rather the roughly 50-year low in fall 2019 was essentially a continuation from the Great Recession's recovery, per economists' analysis of BLS data  we rate this claim "false." per economists BBC News. "US Jobless Rate At Lowest Since 1969."  3 May 2019. U.S. Bureau of Labor Statistics. "BLS Data Viewer."  Accessed 13 October 2020. Wingfield, Brian. "The End of the Great Recession? Hardly."  Forbes. 20 September 2010. Jones, Chuck. "Trump's Economic Scorecard: 3 Years In Office."  Forbes. 10 February 2020. Horsley, Scott. "FACT CHECK: Who Gets Credit For The Booming U.S. Economy."  NPR. 12 September 2018. Ruhle, Stephanie. "Which President Gets The Credit For The Booming Economy?"  MSNBC. 10 September 2018.