Tim Murphy

Tim Murphy

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Tim Murphy is a senior reporter in MoJo's DC bureau. His writing has been featured in Slate and the Washington Monthly. Email him with tips and insights at tmurphy [at] motherjones [dot] com.

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Texas Wants Its Own Fort Knox

| Wed May 27, 2015 1:00 PM EDT

Texas independence—or paranoia—strikes again. In recent years, some Lone Star officials, including former Gov. Rick Perry, have flirted with secession. Last month the new Republican governor of Texas, Greg Abbott, asked the state national guard to monitor a US military exercise that some residents fear is cover for a federal takeover of the state that will use Walmarts as staging areas. And now the state is on the verge of seizing the gold owned by the state that is stored in New York City and building a massive bunker to hoard this booty.

Per the Houston Chronicle:

AUSTIN — Texas could get its own version of Fort Knox, the impenetrable depository for gold bullion, if the Legislature gets its way.

Under House Bill 483, approved unanimously on Tuesday by the state Senate, Comptroller Glenn Hegar would be authorized to establish and administer the state's first bullion depository at a site not yet determined.

No other state has its own state bullion depository, officials said.

The state government has about $1 billion in gold bullion stored outside the state, mostly in the basement of the Federal Reserve building in Manhattan. The gold has been there for years—because it's so annoying to move, it's easier to keep everyone's gold in the same place, and the financial center of the world is the most obvious place. When bullion changes hands, it's mostly on paper. So why does Texas now need to grab all its gold? Is it just because Texans don't trust New Yorkers? Is it really that simple?

Yes:

"New York will hate this," [state sen. Lois] Kolkhorst said of the bill that now goes to Gov. Greg Abbott to be signed into law. "To me, that and the fact that it will save Texas money makes it a golden idea."

The cost-cutting bit refers to the storage fees Texas has to pay to keep its gold offsite, although Texas would still have to shell out money for upkeep and security if it went the DIY route. Incidentally, Perry supported the Texas Bullion Depository when it was first proposed in 2013, telling Glenn Beck, "If we own it, I will suggest to you that that's not someone else’s determination whether we can take possession of it back or not."

But building a giant vault to house all the state's gold will be the easy part. The tough task? Safely and securely moving 57,000 pounds of gold from Gotham to Texas. Perhaps we now know the plot for the eighth Fast and Furious movie.

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Alan Grayson Just Called a Reporter a "Shitting Robot"

| Wed May 13, 2015 11:23 AM EDT

Rep. Alan Grayson (D-Fla.)—known as something of an active volcano ever since he said in a 2010 floor speech that the Republican health care plan was to "die quickly"—is considering running for Senate next year. The Democratic Senatorial Campaign Committee has already settled on a candidate, Rep. Patrick Murphy, but Grayson believes that "our voters will crawl over hot coals to vote for me."

That feeling of invincibility extends to his dealings with reporters. To wit, today's interview with Adam Smith of the Tampa Bay Times:

Alan Grayson!

West Virginia Democrats' Best Hope Might Be This Billionaire Coal Magnate

| Mon May 11, 2015 6:21 PM EDT

Over the last six years, West Virginia Democrats have seen their grip on state politics slip away in no small part due to their alleged collaboration with President Barack Obama's "War on Coal." The solution: put a coal kingpin on the ballot.

On Monday, Jim Justice, owner of Southern Coal Corp., announced he would run for governor as a Democrat in 2016, to replace the retiring incumbent Gov. Earl Ray Tomblin. Justice, the state's richest citizen with an estimated net worth of $1.6 billion, is a political novice but a state icon. In 2009, he purchased the Greenbrier, a historic mountain resort that had fallen on hard times, and restored it into a first-class resort. During his gubernatorial campaign kickoff event, Justice drew a parallel between his state's lackluster reputation, and the derelict condition of the White Sulphur Springs retreat. "[Times] were tough at the Greenbrier, too," he said.

In Justice, Democrats have found a walking counterpoint to the war-on-coal attacks. (The attacks are also largely unfounded—under Tomblin the state has rolled back mine safety regulations.) In contrast to, say, frequent Greenbrier guest Don Blankenship, who as CEO of Massey Energy famously re-designed his property so he wouldn't have to use his town's polluted drinking water and is currently awaiting trial on conspiracy to violate mine-safety laws, Justice has always styled himself as a man of the people. A 2011 Washington Post profile began with a surprise sighting of Justice at an Applebee's near his hometown. The richest man in the state, it turned out, was grabbing a late snack after coaching his hometown's high school girls basketball team.

But Southern Coal Corp. isn't without its issues. An NPR investigation last fall found that the company owed nearly $2 million in delinquent fines for federal mine safety violations. (After the report was published, Justice agreed to work out a payment plan.) And he may not have the Democratic field to himself, either; senate minority leader Jeff Kessler (D) filed his pre-candidacy papers in March. No Republicans have thrown their hats into the ring yet.

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