Tuesday, December 04, 2007
Mourning Imus
Imus is back on the air. I listened to much of his painful program yesterday morning with his wife, Deidre’s ceaselessly flacking her “green” cleaning products and mentioning the Hackensack Hospital (where she is a director) every five minutes. Imus also now has two black sidekicks, one male and one female, (assumedly as penance), so the show banter is now decidedly from the ‘hood. (Not that there is anything wrong with that.) I got up early this AM and turned on his program at 5:00. I was surprised to hear an hour-long repeat of yesterday’s 8:00 segment (in which Chris Dodd tries to rationalize his run for the presidency and to repeatedly buss Imus’s derriere.) Then, after having my morning coffee and reading the newspapers, I tuned in again to his 7:00 segment. Surprise, surprise, it was a re-repeat of this same segment! Wow!! What a rip-off. I am now listening to the 8:00 segment and it is finally original programming (with Mike Huckabee giving his born-again sermon about why to vote for him … and, in the process, dissing Mormon’s). I assume that this hour will make up the majority of tomorrow’s show.
Wednesday, November 28, 2007
Paying the Piper
The U.S. dollar is hovering near a new low today … $1.47 per Euro … and I’m afraid it is destined to go lower. Why? Very simply, because our balance of trade is so abysmal (running about a negative $55 billion per month!), partly traceable to the outrageously high price of oil (closing in on $100 per barrel), and this traceable primarily to an international oil cartel that has (through collusion and the politics of fear) decoupled the price of oil from what a free market would dictate (many believe that the free-market price of oil would be below $50 a barrel.) (If the UN were to ever aspire to become a world government, it would do away with international cartels of any stripe.)
What are the U.S.’s options to deal with this conundrum? Unfortunately there are only a few … and most of them are onerous:
1) Continue to lower U.S. interest rates and, as a consequence, weaken the U.S. dollar further. This, in turn, would devalue the dollar reserves held by foreign governments (often now being called “sovereign funds”) and probably cause a stock market swoon. But, this would make our exports cheaper and much more attractive to world markets and therefore should help to improve our balance of trade.
2) Install high import duties on oil and many Chinese (read Wal-Mart) items. Unfortunately this would likely cause a trade war (which many claim caused the economic depression in the 1930’s).
3) Establish a clear national priority to become energy independent within five years. This would mean increasing mileage standards for new cars and trucks, building many new nuclear power plants, reducing clean-air standards for coal-fired power plants, placing greater emphasis on bio-fuels, drilling for oil in ANWAR and in the gulf of Mexico (e.g., off-shore in Florida), and harvesting/processing the oil shale deposits in Utah. (Other talked-up alternatives such as wind power, solar power, etc. would have minimal effect.)
4) Devalue the U.S. dollar. Basically, say that our dimes are now called “dollars” with many of the same results as noted in #1.
5) Disavow our foreign debts. This could be done by declaring that only U.S. citizens or companies could redeem government debt obligations. This would force foreign governments to sell their U.S. government debt obligations to U.S. citizens/companies at pennies on the dollar.
6) Invade and take over the oil supplies of one or more Middle Eastern countries (or even Venezuela). I would suggest maybe Saudi Arabia and Kuwait. We could also directly usurp most of the Iraqi oil production to our benefit (over ¾ billion barrels per year).
7) Permit or even encourage foreign ownership of U.S. companies (e.g., Citigroup, NASDAQ, etc.) and then, at some point in the future, nationalize these companies. (Russia, Cuba, Venezuela, China, Mexico, Saudi Arabia, etc. have all done this very thing to us in the past.)
Let’s pretend you’ve just been elected President. Which one (or ones) would you choose?
What are the U.S.’s options to deal with this conundrum? Unfortunately there are only a few … and most of them are onerous:
1) Continue to lower U.S. interest rates and, as a consequence, weaken the U.S. dollar further. This, in turn, would devalue the dollar reserves held by foreign governments (often now being called “sovereign funds”) and probably cause a stock market swoon. But, this would make our exports cheaper and much more attractive to world markets and therefore should help to improve our balance of trade.
2) Install high import duties on oil and many Chinese (read Wal-Mart) items. Unfortunately this would likely cause a trade war (which many claim caused the economic depression in the 1930’s).
3) Establish a clear national priority to become energy independent within five years. This would mean increasing mileage standards for new cars and trucks, building many new nuclear power plants, reducing clean-air standards for coal-fired power plants, placing greater emphasis on bio-fuels, drilling for oil in ANWAR and in the gulf of Mexico (e.g., off-shore in Florida), and harvesting/processing the oil shale deposits in Utah. (Other talked-up alternatives such as wind power, solar power, etc. would have minimal effect.)
4) Devalue the U.S. dollar. Basically, say that our dimes are now called “dollars” with many of the same results as noted in #1.
5) Disavow our foreign debts. This could be done by declaring that only U.S. citizens or companies could redeem government debt obligations. This would force foreign governments to sell their U.S. government debt obligations to U.S. citizens/companies at pennies on the dollar.
6) Invade and take over the oil supplies of one or more Middle Eastern countries (or even Venezuela). I would suggest maybe Saudi Arabia and Kuwait. We could also directly usurp most of the Iraqi oil production to our benefit (over ¾ billion barrels per year).
7) Permit or even encourage foreign ownership of U.S. companies (e.g., Citigroup, NASDAQ, etc.) and then, at some point in the future, nationalize these companies. (Russia, Cuba, Venezuela, China, Mexico, Saudi Arabia, etc. have all done this very thing to us in the past.)
Let’s pretend you’ve just been elected President. Which one (or ones) would you choose?
Tuesday, November 27, 2007
Unintended Consequences
Larry Summers (the former Clinton Treasury Secretary and bounced President of Harvard) recently predicted that the odds were high that the U.S. is heading into a recession. This prediction is based on his assessment of the consequence arising from the recent sub-prime mortgage meltdown. In turn, this mortgage debacle, predicted by some to cost U.S. financial institutions as much as $300 billion, has occurred because of both greed on the part of lenders and financial naiveté on the part of borrowers. The specter of this huge financial loss has caused a tightening of monetary flows that is rippling through many other economic sectors and is the reason for Mr. Summers' gloom and doom.
Now, why has this sub-prime mortgage crisis occurred? May I suggest that politician's fingerprints are all over this misfeasance? I distinctly remember a number of years back when bank's lending practices were under the microscope and, if the number of mortgages given in depressed urban areas were not proportional to those in more affluent areas, they were castigated by solons at both the national and state level. The media had a hay day with such lurid headlines. In response, banks and other financial institutions, against their better instincts, started giving mortgages to marginal credit risks … and, in return, jiggered the terms of these mortgages to compensate them for these higher risks. They then would package these mortgages and sell them to third parties at a nice profit. The result was a paving over of the inherent risks that these mortgage packages represented.
Strutting in the background with thumbs in their suspenders were the politicians who cajoled this "best-practices" change on the part of mortgage lenders. And they obviously used this relaxation to garner many votes among those who were then getting these sub-prime loans. Now that this debacle is affecting us all, where are those politicians? May I suggest that you look under their desks? Will those home owners whose houses have been foreclosed on take it out on these same politicians? I doubt it. Most likely they will despise the banks and other mortgage lenders. And now these pols are also deflecting their own guilt by telling lenders to rejigger their rates so that home-owners are not thrown out on their ears (lowering the rate but extending the term of the mortgage). Basically, like politicians since time immemorial, they are kicking the can down the road. They are also ginning up a legal mechanism to make class-action suits easier for such mortgage borrowers. So, those financial institutions, which are not deep-sixed by this mortgage crisis, will, in the longer run, be crippled by our avaricious trial lawyers.
Now, why has this sub-prime mortgage crisis occurred? May I suggest that politician's fingerprints are all over this misfeasance? I distinctly remember a number of years back when bank's lending practices were under the microscope and, if the number of mortgages given in depressed urban areas were not proportional to those in more affluent areas, they were castigated by solons at both the national and state level. The media had a hay day with such lurid headlines. In response, banks and other financial institutions, against their better instincts, started giving mortgages to marginal credit risks … and, in return, jiggered the terms of these mortgages to compensate them for these higher risks. They then would package these mortgages and sell them to third parties at a nice profit. The result was a paving over of the inherent risks that these mortgage packages represented.
Strutting in the background with thumbs in their suspenders were the politicians who cajoled this "best-practices" change on the part of mortgage lenders. And they obviously used this relaxation to garner many votes among those who were then getting these sub-prime loans. Now that this debacle is affecting us all, where are those politicians? May I suggest that you look under their desks? Will those home owners whose houses have been foreclosed on take it out on these same politicians? I doubt it. Most likely they will despise the banks and other mortgage lenders. And now these pols are also deflecting their own guilt by telling lenders to rejigger their rates so that home-owners are not thrown out on their ears (lowering the rate but extending the term of the mortgage). Basically, like politicians since time immemorial, they are kicking the can down the road. They are also ginning up a legal mechanism to make class-action suits easier for such mortgage borrowers. So, those financial institutions, which are not deep-sixed by this mortgage crisis, will, in the longer run, be crippled by our avaricious trial lawyers.
Sunday, November 18, 2007
Soon to be Forgotten
The passing of Norman Mailer has brought to mind what a horse’s ass he really was … and how his only real claim to fame was that he used the word “fug” (instead of that other word) in the Naked and the Dead and, consequently became an antebellum infant terrible. After that, he stayed famous, in my opinion, not because of his tortured prose but because of his continued acting-up (stabbing and almost killing his wife; getting a murderer released from jail so that he could murder again; etc) and his ultra-liberal politics. This then led me into compiling the following list of prima donnas whose reputations far exceed their talents … and whose self-images exceed(ed) their reputations. I fully expect that they will slowly fade from history like Lewis Carroll's Cheshire cat. My current list of imposters is:
Norman Mailer, Andy Warhol, Maya Angelou, George Lucas, Paris Hilton, Al Gore, Tom Cruise, Rush Limbaugh, Joe Biden, Miss Piggy, Bob Dylan (aka Zimmerman), Harold Pinter, Frank Lloyd Wright, Céline Dion, and Donald Trump.
I would love to be also able to put Barbara Streisand on this list, but, unfortunately, she really does (did) have quite a bit of musical talent.
Norman Mailer, Andy Warhol, Maya Angelou, George Lucas, Paris Hilton, Al Gore, Tom Cruise, Rush Limbaugh, Joe Biden, Miss Piggy, Bob Dylan (aka Zimmerman), Harold Pinter, Frank Lloyd Wright, Céline Dion, and Donald Trump.
I would love to be also able to put Barbara Streisand on this list, but, unfortunately, she really does (did) have quite a bit of musical talent.
Monday, November 12, 2007
SHAME ON US
NEWS:
Dozens of schoolchildren and five teachers were among those killed in a suicide attack in northern Afghanistan earlier this week — the country’s deadliest since the fall of the Taliban — the government said Friday.
The 59 schoolchildren had lined up to greet a group of lawmakers visiting a sugar factory in the northern province of Baghlan on Tuesday when a suicide bomber detonated explosives.
“The education minister has ordered that no children should be ever again be used in these sort of events,” said Zahoor Afghan, an Education Ministry spokesman. He said the children ranged in age from 8 to 18.
In all, the explosion claimed the lives at least 75 people, including several parliamentarians, and wounded 96. It was the deadliest attack in the country since the toppling of Taliban regime from power in the 2001 U.S.-led invasion.
All in the name of radical Islam. And we want to roll over for these barbarians. Shame on us.
Dozens of schoolchildren and five teachers were among those killed in a suicide attack in northern Afghanistan earlier this week — the country’s deadliest since the fall of the Taliban — the government said Friday.
The 59 schoolchildren had lined up to greet a group of lawmakers visiting a sugar factory in the northern province of Baghlan on Tuesday when a suicide bomber detonated explosives.
“The education minister has ordered that no children should be ever again be used in these sort of events,” said Zahoor Afghan, an Education Ministry spokesman. He said the children ranged in age from 8 to 18.
In all, the explosion claimed the lives at least 75 people, including several parliamentarians, and wounded 96. It was the deadliest attack in the country since the toppling of Taliban regime from power in the 2001 U.S.-led invasion.
All in the name of radical Islam. And we want to roll over for these barbarians. Shame on us.
Friday, November 09, 2007
GLOBAL SMARMING
By JOE McDONALD (Associated Press Writer)
From Associated PressNovember 09, 2007 4:21 AM EST
BEIJING - A Chinese official gave the clearest sign yet that Beijing will reject binding caps on greenhouse gas emissions at a global meeting next month, saying Friday developing countries must be allowed to raise emissions to fight poverty.
"Climate change is caused mainly by developed countries," Vice Foreign Minister Zhang Yesui said. "They should have the main responsibility for climate change and to reduce emissions."
Beijing is about to overtake the United States as the world's top greenhouse-gas producer. It is under pressure from Washington to accept binding limits at a meeting in Indonesia of environment ministers from 80 nations to discuss a possible replacement to the 1997 Kyoto Protocol on emission reductions.
HOW DO YOU SPELL PATSY? -- "A-L G-O-R-E"
From Associated PressNovember 09, 2007 4:21 AM EST
BEIJING - A Chinese official gave the clearest sign yet that Beijing will reject binding caps on greenhouse gas emissions at a global meeting next month, saying Friday developing countries must be allowed to raise emissions to fight poverty.
"Climate change is caused mainly by developed countries," Vice Foreign Minister Zhang Yesui said. "They should have the main responsibility for climate change and to reduce emissions."
Beijing is about to overtake the United States as the world's top greenhouse-gas producer. It is under pressure from Washington to accept binding limits at a meeting in Indonesia of environment ministers from 80 nations to discuss a possible replacement to the 1997 Kyoto Protocol on emission reductions.
HOW DO YOU SPELL PATSY? -- "A-L G-O-R-E"
Friday, October 12, 2007
Carter’s Baby Clothes
Ex-president Jimmy Carter was recently interviewed on the BBC. Besides piously accusing (on foreign soil no less) the Bush administration of torturing prisoners, he charged Vice President Dick Chaney of being “a disaster for our country. I think he’s been overly persuasive on President George Bush [and] they all seem to be outdoing each other in who wants to go to war first with Iran.” Now, I may be wrong but who was the last American president to actually invade Iran? You’re right! It was this very same Jimmy Carter (with disastrous consequences to boot)!!
This toothsome one also has accused George W. Bush numerous times of “being the worst President in U.S. history” even though, in poll after poll, he himself usually brings up the rear in such voting. He obviously has no shame and sense of proportion or decorum. I kinda think he may be vying to be also voted the worst ex-President in U.S. history.
This then is a convenient segue way into the subject of the Nobel Peace Prize … which Jimmy Carter won a few years back. Today, Al “the planet has a fever” Gore also won this dynamite award (which, hopefully, will impel him to run for president in 2008.) Gore-ba-chef joins such other august recent winners of this prize as Mohamed ElBaradei, Yasser Arafat, Kofi Atta Annan, and Le Duc Tho. There is clearly enough prestige in this group to make Jimmy Carter and Al Gore look like a pair of mongooses in a pit of vipers.
This toothsome one also has accused George W. Bush numerous times of “being the worst President in U.S. history” even though, in poll after poll, he himself usually brings up the rear in such voting. He obviously has no shame and sense of proportion or decorum. I kinda think he may be vying to be also voted the worst ex-President in U.S. history.
This then is a convenient segue way into the subject of the Nobel Peace Prize … which Jimmy Carter won a few years back. Today, Al “the planet has a fever” Gore also won this dynamite award (which, hopefully, will impel him to run for president in 2008.) Gore-ba-chef joins such other august recent winners of this prize as Mohamed ElBaradei, Yasser Arafat, Kofi Atta Annan, and Le Duc Tho. There is clearly enough prestige in this group to make Jimmy Carter and Al Gore look like a pair of mongooses in a pit of vipers.
Wednesday, October 10, 2007
Summers Time
As all my readers should know by now, I am a conservative. However, there is one liberal I tolerate … and even like … Larry Summers (the former Clinton Treasury Secretary and erstwhile tarred-and-feathered President of Harvard). Mr. Summers was on "KIudlow and Company" (CNBC) the other night and was asked lots of economic questions, most of which answers Larry Kudlow (a conservative) agreed with. The one that caused him some consternation was whether Larry Summers favored the lower (15%) capital gains rate currently in place. He said no, primarily because this lower rate is being corrupted by such things as hedge-fund managers using this lower rate to pay taxes on their multi-million compensation packages (as much as $500 million per year). They claim (and the IRS and most Republican presidential candidates agree) that these pay packages are "return of capital" and not ordinary income. This, of course, is bullshit.
So, the fact that the lower capital gains rate is being so grossly abused, may be the reason that it is killed by the next (Democratic) administration. Why do so many Republicans close ranks around this hedge fund manager capital-gains tax abuse? Could there be such a thing as "knee-jerk" righties?
I have a suggestion -- when President Wright is booted out of Dartmouth for incompetence and alienating the majority of Dartmouth alums, the job should be offered to Larry Summers.
So, the fact that the lower capital gains rate is being so grossly abused, may be the reason that it is killed by the next (Democratic) administration. Why do so many Republicans close ranks around this hedge fund manager capital-gains tax abuse? Could there be such a thing as "knee-jerk" righties?
I have a suggestion -- when President Wright is booted out of Dartmouth for incompetence and alienating the majority of Dartmouth alums, the job should be offered to Larry Summers.
Thursday, September 27, 2007
Hillary Care
Last night at the Democrat Debate at Dartmouth (a fine venue), Hillary Clinton said that she would not approve of the torture of a terrorist even if it meant that a nuclear explosion would be averted in one of our major cities. (When Tim Russert pointed out that her husband, Bill Clinton, had answered the same question in the affirmative, Hillary responded’ “Well, he’s not up here on stage now.”) I’m so glad that our would-be president, values the civil liberties of one terrorist above the lives of hundreds of thousands of American citizens. What kind of upside-down, twisted, do-goody, knee-jerky, Soros-styled, bubble-headed liberal would make such an inane moral judgment? Here is the woman who expounds that “It takes a village.” to raise our children. Well, Hillary, it can’t take a village if that village is vaporized … along with all its children.
Wednesday, September 19, 2007
PROVOCATEUR
agent pro·vo·ca·teur Etymology: French, literally, provoking agent: one employed to associate with suspected persons and by pretending sympathy with their aims to incite them to some incriminating action [Examples: Andrew “Don't Tase Me Bro” Meyer, University of Florida, also Senator John "Gengis Khan" Kerry, Massachusetts (archaic)]
Partial Source: Webster’s Dictionary
Partial Source: Webster’s Dictionary
Monday, August 27, 2007
Logic is Logic
A recent critic of mine asks "Would you sacrifice YOUR son or daughter to ensure that nine 'bad guys' [in Iraq] were eliminated?" This is pretty much the same question that Michael Moore sprung on unsuspecting conservative politicians in his movie “Fahrenheit 911”. The problem is – this is a false premise. This premise should be stated: “Would you discourage your child from joining the Army (it is all-volunteer, after all) out of patriotism/career choice, when you knew that there was about a 50/50 chance (or a lower probability if he/she were to join another branch of the armed forces) that he/she would be sent to Iraq and, if that happened, there would be about a 1% chance that he/she would be killed?” This is a far different query from the false premises used by both the above mentioned fuzzy thinkers.
And yet Michael Moore was generally hailed for his perspicacity and my blog critic may be hoping that he, too, gets an Oscar. This example of lazy syllogism in our society probably stems from the fact that Logic is seldom taught in our schools anymore. Terms like “ipse dixit,” “tautology,” “ad hominem,” “ad populum,” “equivocation,” “syllogism,” “reductio ad absurdum,” “petitio principii,” “false premise,” and “apiorism” are often responded to with blank stares. Wouldn’t it be nice if our educational system did a U-turn and began teaching our children more how to think and less how to “feel?” If you want more insight into the logical process, visit:
http://forums.philosophyforums.com/threads/very-basic-terms-of-logic-6816.html
and others:
http://cornerstone.st/Logic%20Terms.htm
http://en.wikipedia.org/wiki/Term_logic
etc.
And yet Michael Moore was generally hailed for his perspicacity and my blog critic may be hoping that he, too, gets an Oscar. This example of lazy syllogism in our society probably stems from the fact that Logic is seldom taught in our schools anymore. Terms like “ipse dixit,” “tautology,” “ad hominem,” “ad populum,” “equivocation,” “syllogism,” “reductio ad absurdum,” “petitio principii,” “false premise,” and “apiorism” are often responded to with blank stares. Wouldn’t it be nice if our educational system did a U-turn and began teaching our children more how to think and less how to “feel?” If you want more insight into the logical process, visit:
http://forums.philosophyforums.com/threads/very-basic-terms-of-logic-6816.html
and others:
http://cornerstone.st/Logic%20Terms.htm
http://en.wikipedia.org/wiki/Term_logic
etc.
Wednesday, August 22, 2007
Body Count Calculus
On the Howie Carr radio show today (8/22/07), Col. David Hunt, his substitute host, said that he had it on good (inside) authority that we were currently killing about 250 “bad guys” in Iraq every day. (This would translate into about 90,000 “bad guys” per year if we continue these favorable “surge” statistics.) And, the way I calculate it, we are losing, on average, about three American soldiers ever day in Iraq … or about 1,000 per year. This means that, if Col. Hunt’s “inside info” is accurate, the ratio of American soldier losses to bad guy losses is 90 to 1. Now we also know that enemy body count statistics are always overblown, so, to be more realistic, let us assume that we are killing terrorists, Baathists, enemy militias, and opportunistic criminals at the rate of about 60,000 per year. Since the American surge has been going on fully for only about two months, this suggests that we have recently killed about 10,000 bad guys. From this, one can suddenly understand why so many in this country are now saying that the surge is “working.” And, if we were to continue this surge for six more months (until next spring), we should punish our collective enemies in Iraq to the tune of 30,000 additional deaths. This is a non-trivial cost for these corrosive Iraqi elements to suffer … one that hopefully might not be tolerable. Admittedly, our cost would be something like an additional 500 American soldier deaths and maybe ten times that number wounded.
The question for every American then becomes, “Would it be worth it?” I understand that there are many Americans that righteously say, “Not one more American death!” But then I also understand that we have already sacrificed almost 4,000 military men and women to this effort in Iraq … with many, many more wounded. Shall we just write these deaths and injuries off to our collective misjudgment? (Remember, most of us thought that going into Iraq was a good idea and we cannot deny or wish away our resultant responsibility.) I think I know what President Bush would and will say … and this is why having his job is not to be envied.
The question for every American then becomes, “Would it be worth it?” I understand that there are many Americans that righteously say, “Not one more American death!” But then I also understand that we have already sacrificed almost 4,000 military men and women to this effort in Iraq … with many, many more wounded. Shall we just write these deaths and injuries off to our collective misjudgment? (Remember, most of us thought that going into Iraq was a good idea and we cannot deny or wish away our resultant responsibility.) I think I know what President Bush would and will say … and this is why having his job is not to be envied.
Thursday, August 16, 2007
Elite Effete Snobs
Karl Rove went on Rush Limbaugh’s radio program yesterday and called liberals “elite, effete snobs.” This, predictably, has caused many liberals paroxysms of elite effete snobbery.
Saturday, August 11, 2007
More for Moyers
Next time you are tempted to respond to PBS’s constant on-air begging (in between their ever-lengthening corporate commercials, their thanks to the many foundations who lavish them with pelf, and their Scrooge McDuck nod to the National Endowment for the Arts), be aware that Bill Moyers, that icon of the left wing of the George Soros left wing, receives over $6 million a year from the coffers of this high-minded institution to peddle his hate-America-first polemic.
Wednesday, July 25, 2007
Congressional Contempt
The House Judiciary Committee has just issued Contempt of Congress Citations to Josh Bolton and Harriet Miers for their refusal to testify before them in the flap over the firing of the U.S. Attorneys. I find it quite revealing that Congress finds the hubris to issue such writs when they themselves often treat those testifying before them as less than pond scum. I would love to see the executive branch (or the Federal Reserve Bank … or judicial nominees … or the armed services … etc.) make equivalent contempt pronouncements against congressional committees when they are unjustly abused as witnesses. (Remember Attorney Joseph Welch responding to the Senate's Internal Security Subcommittee abuse by Senator McCarthy with “Senator McCarthy have you no sense of decency at long last?” … one of the great moments in black and white TV.)
Monday, July 23, 2007
Mill(ions)
“Massive blaze engulfs downtown Uxbridge mill complex
[Boston Globe], July 21, 2007
UXBRIDGE, Mass. --Firefighters from Massachusetts and Rhode Island battled a massive fire that engulfed a downtown mill complex on Saturday, sending up billowing smoke that could be seen for miles. The eight-alarm blaze damaged or destroyed 65 small businesses inside the 400,000 square-foot Bernat Mill complex, and seven firefighters were injured -- mostly from smoke inhalation and exhaustion,”
This fire conveniently started at roughly 4 AM very early on this past Saturday morning. Why is it that most of the old mill fires in New England usually break out very early on a weekend morning? Now 65 small businesses and hundreds of workers are spit out of luck because of this “misfortune.” I strongly believe that the US should discourage ethnic lightning by copying what they do in Germany with fire insurance – payoffs are only made to reconstruct the destroyed building. Owners who lose their building to fire cannot walk away with a check. They must rebuild in order to benefit from their fire insurance. Makes sense to me … which is why our nation of pols and lawyers probably won’t do it.
[Boston Globe], July 21, 2007
UXBRIDGE, Mass. --Firefighters from Massachusetts and Rhode Island battled a massive fire that engulfed a downtown mill complex on Saturday, sending up billowing smoke that could be seen for miles. The eight-alarm blaze damaged or destroyed 65 small businesses inside the 400,000 square-foot Bernat Mill complex, and seven firefighters were injured -- mostly from smoke inhalation and exhaustion,”
This fire conveniently started at roughly 4 AM very early on this past Saturday morning. Why is it that most of the old mill fires in New England usually break out very early on a weekend morning? Now 65 small businesses and hundreds of workers are spit out of luck because of this “misfortune.” I strongly believe that the US should discourage ethnic lightning by copying what they do in Germany with fire insurance – payoffs are only made to reconstruct the destroyed building. Owners who lose their building to fire cannot walk away with a check. They must rebuild in order to benefit from their fire insurance. Makes sense to me … which is why our nation of pols and lawyers probably won’t do it.
Tuesday, July 17, 2007
Notes from the Rectory
Los Angeles (AP) -- “After a whirlwind weekend, the negotiations that produced a landmark $660 million settlement between the Roman Catholic Archdiocese of Los Angeles and more than 500 alleged victims of clergy abuse are heading toward a conclusion. Attorneys from both sides, as well as Cardinal Roger Mahony, are expected in court Monday to enter a formal settlement agreement with Judge Haley Fromholtz. The deal marks the end of more than five years of negotiations and is by far the largest payout by any diocese since the clergy abuse scandal emerged in Boston in 2002. Mahony, leader of the nation's largest archdiocese, apologized Sunday to the hundreds of clergy sex abuse victims who will receive a share of the settlement.
‘There really is no way to go back and give them that innocence that was taken from them. The one thing I wish I could give the victims ... I cannot,’ he said.”
Yet another settlement from the Catholic Church to victims of pastoral sexual abuse has been negotiated. This time it was for $660 million … quite a raft of meager Sunday offerings from the supplicants of the Los Angeles Archdiocese. There are two reasons I am commenting on this settlement: 1) the judge in this case, Haley Fromholtz, is a old friend and fraternity brother of mine and clearly has done much to restore the reputation of LA justice after the OJ Simpson debacle, and 2) this is yet another indication of the scope of this scourge that has infected the once-proud Catholic church. I am not a Catholic nor am I condemning the entire corpus of this religion, but I do believe that a culture of pedophilia has permeated the US Catholic church for at least the last fifty years. I remember the old chestnut that went around in the late 1960s: Question, "Do you know how Cardinal Spellman died?" Answer, "Someone gave him a poison choirboy."
And I also strongly believe that a primary nexus of this institutional lassitude was none other than Boston’s own Cardinal Law. For almost twenty years, from 1984 to 2002, this Cardinal was the de facto head of the Catholic Church in America, suggesting and passing on all papal appointments in this country. And it was during this period when little-boy diddling seems to have metastasized throughout the Catholic priesthood. Not that it didn’t exist before, but under Law (irony of ironies), it seemed to have gone unchecked. Abusive priests were continually shuffled around this country with little or no penitence … or warning to their innocent waiting flocks.
This was, to me, unforgivable behavior on Cardinal Law’s part and one can only speculate on his diabolical rationales. I leave it to the reader to come to the obvious conclusion. (Now from Wikipedia) “After his resignation, Pope John Paul appointed Law to several authoritative positions in Rome and the Vatican. He is currently the archpriest of the Basilica di Santa Maria Maggiore. He is also a member of the Congregations of Oriental Churches, Clergy, Divine Worship and Discipline of the Sacraments, Evangelisation of Peoples, Institutes of Consecrated Life and Societies of Apostolic Life, Catholic Education, Bishops as well as the Pontifical Council for the Family. This is a large number of organizations for any cardinal to be involved in and is partly [responsible for his] residing in Rome.”
The other reason is that he would likely be skinned alive were he to return to the U.S.
‘There really is no way to go back and give them that innocence that was taken from them. The one thing I wish I could give the victims ... I cannot,’ he said.”
Yet another settlement from the Catholic Church to victims of pastoral sexual abuse has been negotiated. This time it was for $660 million … quite a raft of meager Sunday offerings from the supplicants of the Los Angeles Archdiocese. There are two reasons I am commenting on this settlement: 1) the judge in this case, Haley Fromholtz, is a old friend and fraternity brother of mine and clearly has done much to restore the reputation of LA justice after the OJ Simpson debacle, and 2) this is yet another indication of the scope of this scourge that has infected the once-proud Catholic church. I am not a Catholic nor am I condemning the entire corpus of this religion, but I do believe that a culture of pedophilia has permeated the US Catholic church for at least the last fifty years. I remember the old chestnut that went around in the late 1960s: Question, "Do you know how Cardinal Spellman died?" Answer, "Someone gave him a poison choirboy."
And I also strongly believe that a primary nexus of this institutional lassitude was none other than Boston’s own Cardinal Law. For almost twenty years, from 1984 to 2002, this Cardinal was the de facto head of the Catholic Church in America, suggesting and passing on all papal appointments in this country. And it was during this period when little-boy diddling seems to have metastasized throughout the Catholic priesthood. Not that it didn’t exist before, but under Law (irony of ironies), it seemed to have gone unchecked. Abusive priests were continually shuffled around this country with little or no penitence … or warning to their innocent waiting flocks.
This was, to me, unforgivable behavior on Cardinal Law’s part and one can only speculate on his diabolical rationales. I leave it to the reader to come to the obvious conclusion. (Now from Wikipedia) “After his resignation, Pope John Paul appointed Law to several authoritative positions in Rome and the Vatican. He is currently the archpriest of the Basilica di Santa Maria Maggiore. He is also a member of the Congregations of Oriental Churches, Clergy, Divine Worship and Discipline of the Sacraments, Evangelisation of Peoples, Institutes of Consecrated Life and Societies of Apostolic Life, Catholic Education, Bishops as well as the Pontifical Council for the Family. This is a large number of organizations for any cardinal to be involved in and is partly [responsible for his] residing in Rome.”
The other reason is that he would likely be skinned alive were he to return to the U.S.
Wednesday, July 04, 2007
Richie Rich
There is a very interesting double twist to the "Scooter" Libby imbroglio. It seems that Scooter Libby was Marc Rich’s defense attorney in the federal government’s prosecution of him for tax evasion and illegal arms trading in the 1980’s and 1990’s. (This, of course, does not do too much to recommend Scooter’s legal talents since Marc Rich fled to Switzerland rather than go to court.) Marc Rich, as you might remember, was pardoned by Bill Clinton in his last days in office, allegedly in exchange for a million dollars in donations and rumored lip service from Marc’s big-breasted ex-wife, Denise. See:
http://isteve.blogspot.com/2005/10/scooter-libby-marc-rich-connection.html
And now for the rest of the story … an even more profound twist emerges. It seems that Patrick Fitzgerald, the special prosecutor who went after Scooter Libby hammer and tongs as the special prosecutor in the recent Joe Wilson/Valerie Plame outing non-crime, was one of the prosecutors on the Marc Rich case (as described above) … and James Comey, who had appointed Patrick Fitzgerald special prosecutor while John Ashcroft was incapacitated, was previously the other U.S. attorney on Marc Rich’s trail. See:
http://thenexthurrah.typepad.com/the_next_hurrah/2007/01/the_pending_mar.html
Now I ask you, why haven’t these revelations been a big news story in the main stream media? And why didn’t Special Prosecutor Fitzgerald recuse himself from the Scooter Libby portion of the Valerie Plame investigation?
All very strange.
http://isteve.blogspot.com/2005/10/scooter-libby-marc-rich-connection.html
And now for the rest of the story … an even more profound twist emerges. It seems that Patrick Fitzgerald, the special prosecutor who went after Scooter Libby hammer and tongs as the special prosecutor in the recent Joe Wilson/Valerie Plame outing non-crime, was one of the prosecutors on the Marc Rich case (as described above) … and James Comey, who had appointed Patrick Fitzgerald special prosecutor while John Ashcroft was incapacitated, was previously the other U.S. attorney on Marc Rich’s trail. See:
http://thenexthurrah.typepad.com/the_next_hurrah/2007/01/the_pending_mar.html
Now I ask you, why haven’t these revelations been a big news story in the main stream media? And why didn’t Special Prosecutor Fitzgerald recuse himself from the Scooter Libby portion of the Valerie Plame investigation?
All very strange.
Tuesday, July 03, 2007
The Sound and the Fury II
My first “The Sound and the Fury” piece was greeted with such a chorus of “boos” that I have decided to proffer another set of twenty studied predictions that would come about if Hillary might be crowned as our unsexy prexy:
1) Effective repeal of the Second Amendment (“the right to keep and bear arms”)
2) Presidential pardons for many recently-convicted (rich) white collar criminals
3) The closing of Guantanamo Bay and other U.S. overseas terrorist prisons
4) The scuttling of our strategic defensive initiative (SDI)
5) The disappearance of more FBI files … resulting in the outing of Republican peccadilloes
6) The US Air Force bombing (from 15,000 feet) of the Darfur rebels
7) The re-opening of Hotel 1600 Pennsylvania Avenue
8) The naming of Eleanor Clift as the Presidential press secretary
9) The discontinuance of electronic surveillance of suspected terrorists
10) The outlawing of any form of coercive indoctrination of known terrorists
11) Medal of Freedom presentations to Michael Moore, Cindy Sheehan, and Bill Moyers
12) Huge federal funding increases for public radio and public television
13) Nomination of John Edwards and Janet Reno to the Supreme Court
14) The immediate firing of all sitting U.S. Attorneys (just as her husband once did)
15) A continued moratorium on the building of nuclear power plants in the U.S.
16) The dissolution of NATO
17) Chelsea Clinton’s White House marriage (to Rupert Murdoch’s son?)
18) Unilateral U.S. nuclear arms reductions
19) The naming of John Kerry as our Ambassador to France
20) Federal outlawing of cigarettes (but not cigars) and trans fats
Except for the Chelsea wedding in the White House, I expect that most, if not all, of these 40 predictions would still occur if some other Democrat were to win the next presidential election.
1) Effective repeal of the Second Amendment (“the right to keep and bear arms”)
2) Presidential pardons for many recently-convicted (rich) white collar criminals
3) The closing of Guantanamo Bay and other U.S. overseas terrorist prisons
4) The scuttling of our strategic defensive initiative (SDI)
5) The disappearance of more FBI files … resulting in the outing of Republican peccadilloes
6) The US Air Force bombing (from 15,000 feet) of the Darfur rebels
7) The re-opening of Hotel 1600 Pennsylvania Avenue
8) The naming of Eleanor Clift as the Presidential press secretary
9) The discontinuance of electronic surveillance of suspected terrorists
10) The outlawing of any form of coercive indoctrination of known terrorists
11) Medal of Freedom presentations to Michael Moore, Cindy Sheehan, and Bill Moyers
12) Huge federal funding increases for public radio and public television
13) Nomination of John Edwards and Janet Reno to the Supreme Court
14) The immediate firing of all sitting U.S. Attorneys (just as her husband once did)
15) A continued moratorium on the building of nuclear power plants in the U.S.
16) The dissolution of NATO
17) Chelsea Clinton’s White House marriage (to Rupert Murdoch’s son?)
18) Unilateral U.S. nuclear arms reductions
19) The naming of John Kerry as our Ambassador to France
20) Federal outlawing of cigarettes (but not cigars) and trans fats
Except for the Chelsea wedding in the White House, I expect that most, if not all, of these 40 predictions would still occur if some other Democrat were to win the next presidential election.
Thursday, June 28, 2007
The Sound and the Fury
Yesterday Warren Buffet endorsed Hillary Clinton for president. With her on stage, his comments started by quoting Peter Lynch saying that “one should invest in a company so good that even an idiot could run it … because one eventually will.” He added that the same is true for a country. This was a gratuitous swipe at President Bush (and does nothing but diminish Warren Buffet in my eyes). The audience laughed and Hillary gave her trademark cackle. This sent shivers up my spine as I sensed that Buffet was but another battleship in the juggernaut that Hillary was mounting that would sweep her and Bill back into the White House. I then got to thinking what would likely happen were this to occur. These are my studied predictions:
1) A significant swing back to favoring the Palestinians and Syrians in the middle east conflict
2) Socialized medicine -- including many of the bureaucratic mandates contained in the original Hillary health-care plan (telling medical student what fields they could specialize in, disallowing and penalizing ANY private medical practices, etc.)
3) Eliminating most of the Bush tax cuts -- killing lower taxes on dividends and capital gains, restoration of the death tax (advocated by Warren Buffet), etc.
4) Increased income tax rates at most tax brackets
5) Relaxed illegal immigration enforcements
6) Removal of U.S. troops from Iraq and Afghanistan independent of the state of affairs in either country
7) “Wink, wink, nudge, nudge” accommodations to North Korea and Iran in their nuclear programs
8) Dramatic reductions in U.S. military and intelligence spending and a resultant devolution in their war on terrorism
9) The return to treating terrorist as criminals within the U.S. legal system
10) Elimination of the “don’t ask, don’t tell” policy in the military
11) Large increases in government spending on social services (back to where they were before her husband “eliminated welfare as we know it”)
12) Important (and dangerous) technology transfers to China
13) The naming of Bill Clinton as our ambassador to the U.N. (with the hope that he will eventually become Secretary General)
14) Mandated draconian reductions in hydrocarbon usage in the U.S. … even if this results in reduced economic growth
15) The restoration of late-term abortion legality
16) The abandonment of Formosa and its re-adsorption back into China
17) The return of the Clintonista’s (James Carville, Rom Emanuel, Paul Begala, Sandy Berger, Jamie Gorellick, etc) into her administration and onto talking-head TV
18) The effective shut-down of conservative talk radio
19) The likely payment of reparations to blacks in America (independent of their heritage)
20) Closer ties and accommodations to Fidel Castro and Hugo Chavez
Is this enough?
1) A significant swing back to favoring the Palestinians and Syrians in the middle east conflict
2) Socialized medicine -- including many of the bureaucratic mandates contained in the original Hillary health-care plan (telling medical student what fields they could specialize in, disallowing and penalizing ANY private medical practices, etc.)
3) Eliminating most of the Bush tax cuts -- killing lower taxes on dividends and capital gains, restoration of the death tax (advocated by Warren Buffet), etc.
4) Increased income tax rates at most tax brackets
5) Relaxed illegal immigration enforcements
6) Removal of U.S. troops from Iraq and Afghanistan independent of the state of affairs in either country
7) “Wink, wink, nudge, nudge” accommodations to North Korea and Iran in their nuclear programs
8) Dramatic reductions in U.S. military and intelligence spending and a resultant devolution in their war on terrorism
9) The return to treating terrorist as criminals within the U.S. legal system
10) Elimination of the “don’t ask, don’t tell” policy in the military
11) Large increases in government spending on social services (back to where they were before her husband “eliminated welfare as we know it”)
12) Important (and dangerous) technology transfers to China
13) The naming of Bill Clinton as our ambassador to the U.N. (with the hope that he will eventually become Secretary General)
14) Mandated draconian reductions in hydrocarbon usage in the U.S. … even if this results in reduced economic growth
15) The restoration of late-term abortion legality
16) The abandonment of Formosa and its re-adsorption back into China
17) The return of the Clintonista’s (James Carville, Rom Emanuel, Paul Begala, Sandy Berger, Jamie Gorellick, etc) into her administration and onto talking-head TV
18) The effective shut-down of conservative talk radio
19) The likely payment of reparations to blacks in America (independent of their heritage)
20) Closer ties and accommodations to Fidel Castro and Hugo Chavez
Is this enough?
Subscribe to:
Posts (Atom)
